2022-05-12T10:13:00-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2020-07-01 042103632 TABOR ACADEMY TABO 5087482000 66 SPRING STREET MARION MA 02738 STEPHEN P SANFORD CFO 5087482000 2022-04-29 1 STEPHEN SANFORD XXX-XX-XXXX JOHN TOSCANO P00358542 8605614000 2022-04-29 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANTHONY JACCACI 66 SPRING STREET MARION MA 02738 47547634 0 X WWW.TABORACADEMY.ORG X 1876 MA TABOR ACADEMY IS A COEDUCATIONAL, COLLEGE PREPARATORY BOARDING AND DAY SCHOOL. 14 14 238 0 -15283 0 9260150 6370879 32350254 33927112 1266960 2567053 0 0 42877364 42865044 9915750 8401795 0 0 17904297 18848248 99655 36850 2120843 14576791 15057729 42496493 42344622 380871 520422 114650166 131644395 32888027 32731122 81762139 98913273 TABOR ACADEMY FOCUSES ITS ACADEMIC PROGRAMS TO INSPIRE A LIFE-LONG LOVE OF LEARNING, TO INSTILL A PASSION FOR THE HIGHEST STANDARDS OF ACHIEVEMENT, TO ENCOURAGE PERSONAL RESPONSIBILITY, AND TO FOSTER CARE FOR OTHERS AND COMMITTED CITIZENSHIP. 0 0 33589597 8401795 33927112 TABOR ACADEMY EDUCATES APPROXIMATELY 538 STUDENTS. AS THE "SCHOOLBY THE SEA," TABOR SUSTAINS A UNIQUE MARITIME HERITAGE THATEMBODIES, IN ALL ITS PROGRAMS, THE QUALITIES A SEAGOING LIFEREQUIRES: THOUGHTFUL PREPARATION FOR, AND AWARENESS OF THE WIDERWORLD, PERSEVERANCE, COURAGE, GOOD HUMOR, A SENSE OF DIRECTION,AND HUMILITY. TABOR'S FACULTY COMMIT THEMSELVES TO BALANCING HIGHDEMANDS WITH GENUINE AFFECTION FOR THEIR STUDENTS AND TO FOSTERINGRELATIONSHIPS FOUNDED ON THE COMPASSION, PERSONAL INTEGRITY, ANDTRUST THAT ANCHOR TABOR'S COMMUNITY. 33589597 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 1 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 80 0 1 238 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X X STEPHEN P SANFORD 5082918370 66 SPRING STREET MARION MA 02738 JULIE SALIT INTERIM HEAD OF SCHOOL 40.00 X 287109 0 122894 STEPHEN P SANFORD CHIEF FINANCIAL OFFICER 40.00 X 235038 0 43266 PATRICK J O'CONNELL DIRECTOR OF ADVANCEMENT 40.00 X 201364 0 82731 TIMOTHY FREY DIR. OF TECHNOLOGY 40.00 X 136900 0 83939 ERIC LONG DIR. OF ADMISSIONS 40.00 X 127990 0 118437 EILEEN MARCEAU ASSOC. HEAD OF SCHOOL 40.00 X 127849 0 46884 ANDREW MCCAIN DIR. OF ALUMNI RELATIONS 40.00 X 122741 0 169649 TIMOTHY CHENEY DIR. OF COLLEGE COUSELING 40.00 X 121231 0 113431 JOHN H QUIRK FORMER HEAD OF SCHOOL 40.00 X 237724 0 79385 DAVID A BARRETT TRUSTEE 2.00 X 0 0 0 DAVID B BARKER JR TRUSTEE 2.00 X 0 0 0 CLEMENT C BENENSON TRUSTEE 2.00 X 0 0 0 G ERIC DAVIS TRUSTEE/VICE-CHAIR 3.00 X X 0 0 0 ELIZABETH WELSH EYLER TRUSTEE/SECRETARY 3.00 X X 0 0 0 PAN CHUEN KO TRUSTEE 2.00 X 0 0 0 ANGUS H LEARY TRUSTEE 2.00 X 0 0 0 CARMINE A MARTIGNETTI OUTGOING TRUSTEE/CHAIR 4.00 X X 0 0 0 JENNIFER C NOERING MCINTIRE TRUSTEE 2.00 X 0 0 0 PAUL J MURPHY ESQ TRUSTEE 2.00 X 0 0 0 DUDLEY M PIERRE TRUSTEE 2.00 X 0 0 0 TRAVIS ROY TRUSTEE (UNTIL 10/20) 2.00 X 0 0 0 REGINA SHAKIN TRUSTEE/CHAIR 4.00 X X 0 0 0 JACQUELINE SHIRE TRUSTEE 2.00 X 0 0 0 JACK B SMITH JR OUTGOING TRUSTEE 2.00 X 0 0 0 STEPHEN P SPRAGUE TRUSTEE/TREASURER 3.00 X 0 0 0 NGAI SUET TRUSTEE 2.00 X 0 0 0 GEOFFREY H WORRELL OUTGOING TRUSTEE 2.00 X 0 0 0 1597946 0 860616 15 1 1 0 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 1689326 GREENSCAPE LAND DESIGN INC 175 PARAMOUNT DRIVE RAYNHAM MA 02767 LANDSCAPING SERVICES 368733 ECM SECURITY PO BOX 751 MATTAPOISETT MA 02739 SECURITY SERVICES 303617 CIC HEALTH LLC ONE BROADWAY- 14TH FLOOR CAMBRIDGE MA 02142 COVID TESTING SERVICES 184375 BOSTONIAN CLEANING & RESTORATION 26 QUINCY AVENUE BRAINTREE MA 02184 FLOORING REPLACEMENT & CLEANING SERVICES 130023 9 321634 6049245 588547 6370879 TUITION 611710 33552562 33552562 AUXILIARY ACTIVITIES 611710 195325 195325 STUDENT AND SUMMER PROGRAMS 611710 179225 179225 33927112 974535 -15283 989818 6262108 13000 4678884 3706 1583224 9294 1592518 1592518 42865044 33927112 -15283 2582336 8401795 8401795 927510 117331 494655 315524 79896 79896 11760537 8917840 1665523 1177174 1156905 862951 174045 119909 3991507 3586799 235351 169357 931893 672798 152995 106100 25718 25718 557138 557138 232413 232413 36850 36850 352759 352759 2837992 2700343 121920 15729 1446723 1319696 107875 19152 435029 414214 18371 2444 1850374 1766368 74144 9862 46981 32476 8988 5517 253778 213271 6371 34136 523710 498652 22116 2942 2822656 2687603 119198 15855 578546 531437 44360 2749 ADMINISTRATIVE 2385486 369259 1928684 87543 BAD DEBT 250934 0 250934 0 INSTRUCTIONAL PROGRAMMI 206993 206993 0 0 STUDENT SUPPORT 166183 166183 0 0 84316 43692 40624 42344622 33589597 6634182 2120843 5082624 5373114 61031 62696 6342449 5528808 292686 531057 2051 0 435537 409277 89906846 45972477 43830518 43934369 25885193 18574001 14811877 35207826 17906200 22023247 114650166 131644395 3724222 4212840 8034520 8264164 19179233 19640002 57861 25770 1892191 588346 32888027 32731122 X 12212668 13403883 69549471 85509390 81762139 98913273 114650166 131644395 X 520422 12752175 3878537 X 0 1 X 1 0 X 3605917 5144347 9695161 9260150 6370879 34076454 3605917 5144347 9695161 9260150 6370879 34076454 11739384 22337070 879233 453033 1090182 1128317 989818 4540583 38617037 157574557 0.57840 0.75920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47988044 928054 16465010 677540 1222460 63481108 49134549 1221903 1424778 832200 2960986 47988044 48982386 414383 1538087 914060 886247 49134549 46810972 415225 3424098 780881 887028 48982386 42992118 460564 4950290 697933 894067 46810972 0.12743 0.87257 0.00000 0 0 786259 786259 71785664 34875167 36910497 4230185 2089286 2140899 11424769 9008024 2416745 1679969 1679969 43934369 INVESTMENT IN PARTNERSHIPS 35207826 F 35207826 BENEFICIAL INTEREST IN PERPETUAL TRUST 20489368 LOANS TO EMPLOYEES 4255 OTHER RECEIVABLES 5516 SECURITY DEPOSITS 7600 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 1470547 STOCK IN TRANSIT 45961 22023247 ACCRUED PENSION LIABILITIES 76080 ANNUITIES PAYABLE 512266 588346 48476135 12752175 4677262 17429437 31046698 352759 11465587 11818346 42865044 31325001 0 31325001 352759 10666862 11019621 42344622 PART V, LINE 4: ENDOWMENT SERVES TO SUPPORT SCHOLARSHIPS, FACULTY, ACADEMIC AND EXTRACURRICULAR PROGRAMS, AND GENERAL ADMINISTRATION OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 4,044,414. PENSION RELATED COSTS 632,848. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 10,666,862. PROVISION FOR UNCOLLECTIBLE PLEDGES 798,725. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 10,666,862. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 TABOR ACADEMY PROMULGATES EACH YEAR, ITS NONDISCRIMINATORY POLICIES THROUGH SEVERAL ADS IN LOCAL AND REGIONAL NEWSPAPERS DURING THE PERIOD OF SOLICITATION OF STUDENTS. SEE PART II FOR ADDITIONAL INFORMATION. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR ENDED JUNE 30, 2020, THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN OF $3,139,782 GRANTED BY THE SMALL BUSINESS ADMINISTRATION (SBA) UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). MANAGEMENT RECEIVED NOTICE THAT THE ENTIRE PPP LOAN HAS BEEN FORGIVEN BY THE SBA ON JUNE 8, 2021. THE SCHOOL DOES NOT OTHERWISE RECEIVE FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY. PART I, LINE 3 TABOR IS FOUNDED ON THE BELIEF THAT A HEALTHY SCHOOL COMMUNITY FINDS COMMON GROUND WHILE EMBRACING DIFFERENCES AND, THEREFORE, ACCEPTS A RACIALLY, ETHNICALLY, RELIGIOUSLY, ECONOMICALLY, AND INTERNATIONALLY DIVERSE STUDENT BODY. TO CULTIVATE AND SUSTAIN A MORE DIVERSE AND INCLUSIVE COMMUNITY, TABOR ACADEMY RECOGNIZES THAT OUR SUCCESS AS A 21ST CENTURY SCHOOL IS EMBEDDED IN A GENUINE UNDERSTANDING OF HOW THE COMPONENTS OF DIVERSITY REFLECT THE CORE VALUES OF OUR MISSION, WHICH IS ROOTED IN COMPASSION, RESPECT, TRUST, HONESTY, AND PERSONAL RESPONSIBILITY. DIVERSITY AT TABOR ENCOMPASSES RACE, ETHNICITY, GENDER, SOCIO-ECONOMIC STATUS, RELIGION, INTELLECTUAL AND PHYSICAL ABILITY, GENDER EXPRESSION, SEXUAL ORIENTATION, AGE, FAMILY STRUCTURE, LANGUAGE AND GEOGRAPHIC PLACE OF ORIGIN. WE RECOGNIZE THAT THE ESTABLISHMENT OF POLICIES, PRACTICES, AND PROGRAMS THAT SUPPORT THE INTERCONNECTEDNESS OF THESE CULTURAL IDENTIFIERS AND FURTHER DEVELOP THE CULTURAL COMPETENCY OF OUR COMMUNITY'S MEMBERS WILL ALLOW FOR TRUE DIALOGUE AND COLLABORATION WITHIN OUR SCHOOL AND WITH LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. TO THAT END, WE COMMIT OURSELVES TO BEING A COMMUNITY IN WHICH ALL MEMBERS HAVE VOICE, ARE GIVEN RESPECT, AND SEE THEIR IDENTITIES REFLECTED AND AFFIRMED IN THE CURRICULUM, CO-CURRICULUM AND PHYSICAL AND VIRTUAL ENVIRONMENTS OF THE SCHOOL. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4282864 0 0 0 0 0 0 4282864 0 4282864 0 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X 1 PG CALC INC 129 MOUNT AUBURN ST CAMBRIDGE MA 02138 RESEARCH AND ACTIVITY 0 0 0 3300 MARTS & LUNDY 160 CHUBB AVE SUITE 303 LYNDHURST NJ 07071 STRATEGIC PLANNING 0 0 0 14000 THE HELEN BROWN GROUP 489 MT AUBURN ST SUITE 4 WATERTOWN MA 02472 PROSPECT DEVELOPMENT 0 0 0 19550 36850 MA B 1 FINANCIAL AID 200 8371826 FMV OTHER ASSISTANCE 41 29969 FMV TEXT BOOK AND CLASSROOM NECCESSITIES, TESTING FEES, TRAVEL, PERSONAL NEEDS PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS AWARDED BY DEMONSTRATED NEED IN THE FORM OF TUITION REMISSION, AND THEY CAN ONLY BE USED TO REDUCE THE AMOUNT OF THE TUITION OWED BY A GIVEN FAMILY FOR AN ACADEMIC YEAR. NEED IS DETERMINED BY ANALYZING TAX FORMS AND/OR OTHER INFORMATION FROM SCHOOL SCHOLARSHIP SERVICE, PRINCETON,NJ. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JULIE SALIT INTERIM HEAD OF SCHOOL 221341 0 62500 0 3268 0 11443 0 111451 0 410003 0 0 0 STEPHEN P SANFORD CHIEF FINANCIAL OFFICER 234529 0 0 0 509 0 9951 0 33315 0 278304 0 0 0 PATRICK J O'CONNELL DIRECTOR OF ADVANCEMENT 200855 0 0 0 509 0 8831 0 73900 0 284095 0 0 0 TIMOTHY FREY DIR. OF TECHNOLOGY 136900 0 0 0 0 0 10081 0 73858 0 220839 0 0 0 ERIC LONG DIR. OF ADMISSIONS 127670 0 0 0 320 0 8062 0 110375 0 246427 0 0 0 EILEEN MARCEAU ASSOC. HEAD OF SCHOOL 127534 0 0 0 315 0 6105 0 40779 0 174733 0 0 0 ANDREW MCCAIN DIR. OF ALUMNI RELATIONS 122741 0 0 0 0 0 10634 0 159015 0 292390 0 0 0 TIMOTHY CHENEY DIR. OF COLLEGE COUSELING 120920 0 0 0 311 0 9452 0 103979 0 234662 0 0 0 JOHN H QUIRK FORMER HEAD OF SCHOOL 187464 0 0 0 50260 0 11545 0 67840 0 317109 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL INTERNATIONAL AIR TRAVEL - THE HEAD OF SCHOOL (HOS) AND DIRECTOR OF ADVANCEMENT MAY TRAVEL VIA FIRST CLASS ON OVERSEAS TRIPS (MORE THAN 7 HOURS) BUT ONLY IF TRAVEL REWARD PROGRAMS CAN BE USED THEREFORE LOWERING COST. TRAVEL BY TRAIN - THE HOS AND DIRECTOR OF ADVANCEMENT ON OCCASION USE AMTRAK FIRST CLASS TRAVEL TO NYC FOR BOARD AND ADVANCEMENT MEETINGS. USE OF TRAIN FIRST CLASS SIGNIFICANTLY IMPROVES WORK PRODUCTIVITY AND THE COST DIFFERENCE IS MINIMAL. THESE ARE NOT CONSIDERED TAXABLE TO THE HEAD OF SCHOOL AND DIRECTOR OF ADVANCEMENT. HOUSING AND PERSONAL SERVICES CONSISTENT WITH THE ACADEMY'S UNIQUE BOARDING SCHOOL ENVIRONMENT, THE ACADEMY PROVIDES A RESIDENCE FOR PERSONAL USE FOR MULTIPLE PERSONNEL. PURSUANT TO HIS EMPLOYMENT CONTRACT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS TO SERVE HIS DUTIES AND RESPONSIBILITIES TO THE ACADEMY, INCLUDING ENTERTAINING STUDENTS, FACULTY, AND OTHER CONSTITUENTS, AND TO PROVIDE GUIDANCE AND A SAFE, WELCOMING LEARNING ENVIRONMENT FOR STUDENTS. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE ACADEMY AND IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. IN ADDITION, THE ACADEMY PROVIDES HOUSING FOR THE, DIRECTOR OF ADVANCEMENT, ASSISTANT HEAD OF SCHOOL AND DIRECTOR OF ADMISSIONS AND THE BENEFIT IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. THE ACADEMY IS RESPONSIBLE FOR MAINTAINING THE RESIDENCE FOR THE HEAD OF SCHOOL. THIS MAINTENANCE IS PROVIDED FOR THE BENEFIT OF THE ACADEMY AND IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. SOCIAL CLUB DUES THE ACADEMY PROVIDES THE HEAD OF SCHOOL WITH LIMITED MEMBERSHIP TO THE BEVERLY YACHT CLUB AND LOCAL GOLF CLUB. BOTH MEMBERSHIPS ARE TO SERVE THE ACADEMY'S BUSINESS AND ACADEMIC PURPOSES AND THESE ARE NOT CONSIDERED TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. PART I, LINE 2 THE ACADEMY REIMBURSES ALL EMPLOYEES, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES, FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE ACADEMY. ALL EXPENSES WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO REIMBURSEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RJN6 2020-05-01 19476000 SERIES A - REFINANCE EXISTING LTD 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-05-01 8000000 SERIES B - NEW CONSTRUCTION 0 0 0 A 19476000 254537 19221463 2020 1 0 1 1 B 8000000 7949000 7949000 51000 7949000 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 PAUL SALIT SPOUSE OF INTERIM HEAD OF SCHOOL 79896 COMPENSATION AS A MEMBER OF FACULTY. 0 X 1 140000 APPRAISAL X 26 442183 FMV X TENNIS COURT REPAIRS 1 6364 QUOTES 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: TABOR ACADEMY IS REQUIRED TO HOLD CERTAIN CONTRIBUTIONS OF BOATS FOR 3 YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS AT A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY VIA BOARDEFFECT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE, ON AN ANNUAL BASIS, A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE CHIEF FINANCIAL OFFICER AS PART OF THE AUDIT COMMITTEE REPORT. THE QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE BOARD AND THE CHIEF FINANCIAL OFFICER, AS APPROPRIATE. IN THE EVENT THAT A BOARD MEMBER DOES DISCLOSE A CONFLICT, THAT PERSON IS RECUSED FROM DISCUSSIONS AND DOES NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL WAS DETERMINED PRIOR TO VALIDATING HIS EMPLOYMENT CONTRACT. AT THAT TIME, THE BOARD OF TRUSTEES UTILIZED DATA GATHERED BY THE ASSOCIATION OF BUSINESS OFFICERS OF PRIVATE SCHOOLS (ABOPS) TO IDENTIFY COMPARATIVE COMPENSATION BASED ON OFFICERS IN SIMILAR ROLES AT PEER INSTITUTIONS. THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT DELINEATES A FIXED SALARY INCREASE FOR A THREE YEAR PERIOD, WHICH WAS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD PRIOR TO EXECUTION OF THE CONTRACT. REVIEW OF COMPENSATION OF OTHER OFFICERS IS PERFORMED BY THE HEAD OF SCHOOL USING SIMILAR COMPARATIVE DATA. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 4,044,414. PENSION RELATED CHARGES 632,848. PROVISION FOR UNCOLLECTIBLE PLEDGES -798,725.