2022-02-18T13:32:34-06:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2020-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 6175225544 2022-02-17 1 JEFFREY DUBOIS 999009999 LAURA J KENNEY P00202198 6177170831 2022-02-17 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFREY DUBOIS 20 NEWTON STREET BROOKLINE MA 024457498 71069260 0 X WWW.DEXTERSOUTHFIELD.ORG X 1926 MA DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 27 27 374 140 9072 7070 3941827 6649822 44211335 49095187 1289929 2693321 0 0 49443091 58438330 11612566 9224175 0 0 21555325 25894422 0 0 1390194 13073723 14668439 46241614 49787036 3201477 8651294 106414295 119216504 51112611 45634638 55301684 73581866 DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 0 0 32267802 47006592 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 9224175 9224175 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 1461211 2088595 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS, ADULT EDUCATION, PUBLIC SCHOOL PROGRAMS, AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 42953188 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 90 0 1 374 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X JEFFREY DUBOIS 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 TODD VINCENT HEAD OF SCHOOL 60.00 X 530852 0 54358 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 50.00 X 229333 0 126863 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 60.00 X 199033 0 150883 DANIEL DONATO ADMISSIONS/COACH 50.00 X 206744 0 97251 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 60.00 X 243776 0 44057 IAN MOORHOUSE DIRECTOR OF OPERATIONS 50.00 X 166333 0 119846 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 50.00 X 156008 0 77803 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 40.00 X 180752 0 35997 GEORGE WRIGHT ATHLETICS TEACHER 50.00 X 152783 0 40842 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 40.00 X 149683 0 40600 KENNETH CHICOS TRUSTEE 4.00 X 0 0 0 JEFFREY UNGER TRUSTEE 4.00 X 0 0 0 BRANT C BINDER TRUSTEE 4.00 X 0 0 0 IAN O' KEEFFE TRUSTEE 4.00 X 0 0 0 SCOTT GIESELMAN TRUSTEE 4.00 X 0 0 0 ELIZABETH H BALDINI TRUSTEE 4.00 X 0 0 0 STEFANIE CRONIN TRUSTEE 4.00 X 0 0 0 JESSICA SCHMITZ TRUSTEE 4.00 X 0 0 0 GLORIA YANG TRUSTEE 4.00 X 0 0 0 HASAN JAFRI TRUSTEE 4.00 X 0 0 0 EDWARD M MAHONEY TRUSTEE THRU 4/29/21 4.00 X 0 0 0 F WARREN MCFARLAN TRUSTEE THRU 8/7/20 4.00 X 0 0 0 SCOTT BARRINGER TRUSTEE 4.00 X 0 0 0 MEGHAN SWENSON TRUSTEE 4.00 X 0 0 0 SEAN KEOHANE TRUSTEE 4.00 X 0 0 0 CHRISTOPHER B ROY TRUSTEE THRU 4/29/21 4.00 X 0 0 0 ROBERT MCALEER TRUSTEE 4.00 X 0 0 0 DAVID DORMON TRUSTEE 4.00 X 0 0 0 MICHAEL FORRESTER TRUSTEE 4.00 X 0 0 0 JONATHAN A KRAFT TRUSTEE 4.00 X 0 0 0 JAROME IGINLA TRUSTEE THRU 4/29/21 4.00 X 0 0 0 TERENCE CONNELL TRUSTEE 4.00 X 0 0 0 DAVID D BROWN TRUSTEE THRU 4/29/21 4.00 X 0 0 0 RICHARD ALLEN TRUSTEE 4.00 X 0 0 0 EMILY BURNS TRUSTEE 4.00 X 0 0 0 DENIS CLEARY TRUSTEE 4.00 X 0 0 0 JASON IMPERATO MD TRUSTEE 4.00 X 0 0 0 SHUNEE YEE TRUSTEE 4.00 X 0 0 0 CHRISTOPHER H REYNOLDS TRUSTEE/CLERK 4.00 X X 0 0 0 MARK E FUSCO TRUSTEE/PRESIDENT 10.00 X X 0 0 0 RYLAN M HAMILTON TRUSTEE/TREASURER A/O 4/29/21 4.00 X 0 0 0 SUSANNAH WILSON TREASURER THRU 4/29/21;TRUSTEE 4.00 X X 0 0 0 LAURA CONRAD WILSON TRUSTEE/VICE PRESIDENT THRU 4/29/21 4.00 X X 0 0 0 2215297 0 788500 27 0 1 0 ATALIAN US NEW ENGLAND LLC PO BOX 412861 BOSTON MA 02241 JANITORIAL SERVICES 316329 PAPER ROOSTER LLC 250 COMMERCIAL STREET SUITE 2025 MANCHESTER NH 03101 PRINTING SERVICES 119290 SAULNIER CARPENTRY 49 STEARNS STREET WALTHAM MA 02453 CARPENTRY/PROPERTY MAINTENANCE 119075 PUTNEY TRANSPORTATION LLC 3 ALLIED DRIVE SUITE 303 DEDHAM MA 02026 TRANSPORTATION 116587 SCHWARTZ HANNUM PC 11 CHESTNUT STREET ANDOVER MA 01810 LAWYER/CONSULTANT 102928 5 6649822 829295 6649822 TUITION & FEES 611110 46677703 46677703 SUMMER PROGRAM 611110 2088595 2088595 OTHER REVENUE 611110 328889 328889 49095187 579810 -24584 604394 14741026 3415 12630930 0 2110096 3415 2113511 33656 2079855 58438330 49095187 9072 2684249 9224175 9224175 1968954 371888 1236243 360823 91091 91091 15385390 12585704 2282686 517000 921200 758043 135942 27215 6254765 5780048 447533 27184 1273022 1013515 208125 51382 91754 91754 41925 41925 97247 97247 171208 171208 29115 22158 5669 1288 1918570 1759428 77601 81541 67214 51153 13087 2974 3152742 2966730 119804 66208 79136 1221 77915 15597 11870 3037 690 1460955 1374759 55516 30680 3002054 2824933 114078 63043 385574 362825 14652 8097 FOOD SERVICE 1759233 1759233 CONTRACTED SERVICES 930643 708268 181200 41175 ATHLETICS 501530 501530 SUMMER AND OTHER PROGRA 501427 381612 97630 22185 462515 404225 47496 10794 49787036 42953188 5443654 1390194 4628810 3463397 5760839 3515515 233907 158804 124108 155090 774879 817632 105165364 47308985 55022676 57856379 34922736 47569637 4926511 5584562 19829 95488 106414295 119216504 2018068 800732 8678876 11477583 32152416 31103871 8000000 2000000 263251 252452 51112611 45634638 X 41040443 65376976 14261241 8204890 55301684 73581866 106414295 119216504 8651294 9628888 0 X 0 1 X 1 0 X 11515542 5011574 13468404 3941827 6649822 40587169 11515542 5011574 13468404 3941827 6649822 40587169 8670420 31916749 578828 624550 682951 763909 579810 3230048 43817217 209047152 0.72840 0.75300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 39622157 1416753 12223005 38865 1296017 51927033 39414229 1346420 129293 38147 1229638 39622157 38844004 282201 1501485 36893 1176568 39414229 37524028 202750 2341659 33136 1191297 38844004 35443006 53243 3708243 1680464 37524028 0.90870 0.03700 0.05430 0 0 358747 358747 80103008 33218479 46884529 11315391 5621509 5693882 12244969 8468997 3775972 1143249 1143249 57856379 ACCRUED INTEREST PAYABLE 244858 CHARITABLE GIFT ANNUITY PAYABLE 7594 252452 X 55194356 9628888 9628888 45565468 97247 12775615 12872862 58438330 36914174 0 36914174 97247 12775615 12872862 49787036 PART III, LINE 4: THE SCHOOL HOLDS TWO PORTRAITS FOR DISPLAY AT THE SCHOOL. BEYOND THIS ARTWORK DISPLAYED IN THE HALLWAYS, THE SCHOOL GALLERY PROVIDES DEDICATED SPACE TO ELEVATE STUDENT ARTWORK. PART V, LINE 4: DEXTER SOUTHFIELD DRAWS UP TO 3.5% ANNUALLY FROM THE ENDOWMENT TO SUPPORT OPERATIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN THE CURRENT YEAR RETURN AND BELIEVE THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,775,615. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,775,615. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE CURRENT FISCAL YEAR THE RACIALLY NON-DISCRIMINATORY POLICY WAS PUBLISHED ON THE SCHOOL'S HOMEPAGE OF ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 2800139 0 0 0 0 0 0 2800139 0 2800139 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID TO STUDENTS 272 9224175 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO SSS WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. FINANCIAL AID IS AWARDED IN A NONDISCRIMINATORY AND OBJECTIVE MANNER. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 TODD VINCENT HEAD OF SCHOOL 450000 0 50000 0 30852 0 28500 0 25858 0 585210 0 0 0 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 228000 0 1333 0 0 0 17115 0 109748 0 356196 0 0 0 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 197700 0 1333 0 0 0 19770 0 131113 0 349916 0 0 0 DANIEL DONATO ADMISSIONS/COACH 174571 0 1333 0 30840 0 17457 0 79794 0 303995 0 0 0 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 242443 0 1333 0 0 0 18199 0 25858 0 287833 0 0 0 IAN MOORHOUSE DIRECTOR OF OPERATIONS 165000 0 1333 0 0 0 16100 0 103746 0 286179 0 0 0 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 154675 0 1333 0 0 0 10080 0 67723 0 233811 0 0 0 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 179419 0 1333 0 0 0 10175 0 25822 0 216749 0 0 0 GEORGE WRIGHT ATHLETICS TEACHER 150700 0 1333 0 750 0 15070 0 25772 0 193625 0 0 0 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 148350 0 1333 0 0 0 14835 0 25765 0 190283 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, TODD VINCENT, AND THE ASSOCIATE DIRECTOR OF ADMISSIONS, DANIEL DONATO LIVE IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED IN THEIR FORM W-2 INCOME. PART I, LINE 7 ALL HIGHLY COMPENSATED EMPLOYEES WERE GIVEN A BONUS THAT WAS BASED ON CERTAIN BENCHMARKS DETERMINED BY THE BOARD OF DIRECTORS. SCHEDULE J, PART II, COLUMN D STEPHANIE GOVERNALI'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $83,890 FOR 2 CHILDREN. IAN MOORHOUSE'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $77,965 FOR 2 CHILDREN. BRAIN BLOOMFIELD'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $41,945 FOR ONE CHILD. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $105,255 FOR 2 CHILDREN, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $53,980 FOR ONE CHILD. TUITION REMISSION IS A NONTAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL. AFTER 4 YEARS OF EMPLOYMENT, TUITION REMISSION IS A NON-TAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2015-09-14 32262736 TO RETIRE A PORTION OF 2007 BONDS AND FUND THE REFUNDING TRUST AGREEMENT 0 0 0 A 32262736 510416 31752320 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2021 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 91091 EMPLOYEE OF THE SCHOOL 0 X 20 829295 FMV ON DATE OF GIFT 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENTS THE INDIVIDUALS WHO DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE CORPORATION. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. IF THERE IS A POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE TO THE COMMITTEE ON TRUSTEES AND GOVERNANACE AND ANY OTHER BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE THE DISCLOSURE HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF A CONFLICT OF INTEREST IS FOUND, THE GOVERNANCE COMMITTEE WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE SCHOOL'S BEST INTEREST AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 FOLLOWING A COMPREHENSIVE COMPENSATION REVIEW AND ANALYSIS OF SALARY AND BENEFITS FOR ALL EMPLOYEES IN THE SPRING OF 2020, THE BOARD OF TRUSTEES MADE AN ADJUSTMENT TO THE COMPENSATION STRUCTURE FOR ITS HEAD OF SCHOOL TO ENSURE ADEQUATE AND COMPETITIVE COMPENSATION. THE COMPENSATION PROCESS REQUIRES REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. THEY COMPARE DATA FROM COMPARABLE SURROUNDING PRIVATE SCHOOLS TO DETERMINE ADEQUATE COMPENSATION. THE PROCESS WAS LAST UNDERTAKEN IN 2021. THE DELIBERATION AND DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S DOCUMENTS ARE AVAILABLE UPON REQUEST.