2022-05-13T13:25:35-05:00 2021-06-30 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 018806208 990 2020-07-01 042104926 SHORE COUNTRY DAY SCHOOL SHOR 9789271700 545 CABOT STREET BEVERLY MA 01915 RAYNA LESSER HANNAWAY PRESIDENT 9789271700 2022-05-10 1 RAYNA LESSER HANNAWAY 999009999 CYNTHIA P ALMQUIST P01309212 7812459999 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AMY MARKS 545 CABOT STREET BEVERLY MA 01915 17704953 0 X WWW.SHORESCHOOL.ORG X 1936 MA TO PROVIDE EDUCATION TO STUDENTS IN PRE-K/KINDERGARTEN TO 9TH GRADE. 24 24 130 250 6124 0 1163571 1165331 12522414 11615679 877655 4888242 51671 20225 14615311 17689477 1279827 1298389 0 0 9443677 9177713 0 0 631287 3543300 3687566 14266804 14163668 348507 3525809 47193689 51799692 7823968 6469226 39369721 45330466 X TO PROVIDE AN EDUCATION THAT INSPIRES A LOVE OF LEARNING AND ENCOURAGES CHILDREN TO EMBRACE ACADEMIC CHALLENGE. WE SEEK TO BUILD CHARACTER, CULTIVATE CREATIVITY, AND VALUE DIVERSITY AS WE HELP OUR CHILDREN BECOME HEALTHY, COMPASSIONATE CITIZENS OF THE WORLD. 0 0 10568302 1298389 11572047 SHORE COUNTRY DAY SCHOOL PROVIDES EDUCATION TO 348 STUDENTS IN PRE-K/KINDERGARTEN TO 9TH GRADE. 45375 43632 AUXILIARY ACTIVITIES - SEA SHORE, AN AFTER SCHOOL PROGRAM, PROVIDES A WIDE VARIETY OF OPPORTUNITIES FOR STUDENTS. THE PROGRAM OFFERS CHILDCARE, SUPERVISED STUDY HALL, AND ENRICHMENT CLASSES. CHILDCARE PROVIDES A RANGE OF FUN ACTIVITIES INCLUDING SPORTS, GAMES, COMPUTERS, ARTS AND CRAFTS, AS WELL AS EDUCATIONAL EXPERIENCES FOR STUDENTS. SUPERVISED STUDY HALL IS AN OPTION FOR STUDENTS NEEDING EXTRA TIME TO WORK ON THEIR HOMEWORK IN A QUIET, SUPERVISED ENVIRONMENT. ENRICHMENT CLASSES INCLUDE PRIVATE MUSIC LESSONS, MANDARIN CHINESE, TAE KWON DO, AND WOODWORKING. ALSO, THE SCHOOL OFFERS A VARIETY OF CAMPS INCLUDING FIELD HOCKEY, GIRLS LACROSSE, CERAMICS, AND A VARIETY OF OTHERS. 14101 OTHER PROGRAM RELATED MISCELLANEOUS INCOME 14101 10613677 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 130 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X ANN MARIE FLYNN 9789271700 545 CABOT STREET BEVERLY MA 01915 X AMY MARKS TRUSTEE 5.00 X X 0 0 0 RAYNA LESSER HANNAWAY PRESIDENT 5.00 X X 0 0 0 FRANKLIN FOSTER VICE PRESIDENT 5.00 X X 0 0 0 DENISE MARKS TREASURER 5.00 X X 0 0 0 BLAKE LIGGIO SECRETARY 5.00 X X 0 0 0 STEPHEN BOYKO TRUSTEE 3.00 X 0 0 0 IAN BRADY TRUSTEE 3.00 X 0 0 0 LAUREN CRANE TRUSTEE 3.00 X 0 0 0 DINO DI PALMA TRUSTEE 3.00 X 0 0 0 KHOA DO TRUSTEE 3.00 X 0 0 0 JOHN FAWCETT TRUSTEE 3.00 X 0 0 0 HUGH FOSTER TRUSTEE 3.00 X 0 0 0 ANTHONY FRYE TRUSTEE 3.00 X 0 0 0 DAN GOEDKOOP TRUSTEE 3.00 X 0 0 0 ELIZABETH HARRIGAN TRUSTEE 3.00 X 0 0 0 BARBARA ILER TRUSTEE 3.00 X 0 0 0 STACYLEE KRUUSE TRUSTEE 3.00 X 0 0 0 GEORGE NOBLE TRUSTEE 3.00 X 0 0 0 ELIA PEREZ TESSICINI TRUSTEE 3.00 X 0 0 0 SANTO POLITI TRUSTEE 3.00 X 0 0 0 ELIZABETH SKATES TRUSTEE 3.00 X 0 0 0 MICHELE VACCARO TRUSTEE 3.00 X 0 0 0 SARAH WOLFGANG TRUSTEE 3.00 X 0 0 0 ALEX ZALDASTANI TRUSTEE 3.00 X 0 0 0 CLAIR WARD HEAD OF SCHOOL 40.00 X 388306 0 14250 ANN MARIE FLYNN DIRECTOR OF FINANCE & OPER 40.00 X 177168 0 8774 KATIE KOZIN DIRECTOR OF ADVANCEMENT 40.00 X 166524 0 8246 GUSTAVO CARRERA HEAD OF UPPER SCHOOL 40.00 X 118467 0 5867 SARA KNOX HEAD OF LOWER SCHOOL 40.00 X 120618 0 5973 DAPHNE FALDI DIRECTOR OF ADMISSIONS 40.00 X 106090 0 10507 PAMELA TORRES TEACHER UPPER SCHOOL 40.00 X 104740 0 10382 1181913 0 63999 7 0 1 0 0 1165331 14767 1165331 TUITION AND FEES 611600 11572047 11572047 AUXILIARY ACTIVITIES 611710 43632 43632 11615679 270615 270615 21600 15476 6124 6124 6124 4601707 15920 0 0 4601707 15920 4617627 4617627 OTHER INCOME 611710 14101 14101 14101 17689477 11629780 6124 4888242 1298389 1298389 697324 697324 5483478 4320689 854241 308548 410968 288141 102549 20278 2146216 1444091 554828 147297 439727 302854 114276 22597 12015 12015 36439 36439 32005 18700 13305 104800 104800 113765 24928 37189 51648 257381 108433 148948 398447 252123 140902 5422 224884 219469 5200 215 72318 55831 10769 5718 153703 153703 1122927 1043793 56524 22610 CLASSROOM AND STUDENT R 735971 735971 REPAIRS AND MAINTENANCE 280118 273461 6657 DUES AND SUBSCRIPTIONS 70898 20303 22601 27994 MISCELLANEOUS 62484 44153 137 18194 9411 8645 766 14163668 10613677 2918704 631287 335267 872079 6788597 6554322 8350 24583 120258 106907 35821700 15694501 21031581 20127199 18909636 24114602 47193689 51799692 82660 115830 1316623 1922035 4253346 4074729 2171339 356632 7823968 6469226 X 31912393 35781876 7457328 9548590 39369721 45330466 47193689 51799692 X 3525809 645799 1789137 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 17562998 534900 5213773 572057 22739614 17172014 292837 626836 528689 17562998 15560579 562326 1564921 515812 17172014 14628373 406738 1052640 527172 15560579 11779688 1717326 1586868 455509 14628373 0.63000 0.37000 0 0 647223 647223 32883515 13766596 19116919 2130978 1827313 303665 159984 100592 59392 20127199 X 18841500 645799 1804613 2450412 16391088 1298389 1298389 17689477 12880755 15476 15476 12865279 1298389 1298389 14163668 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY TWENTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AS DESIGNATED BY THE DONOR OR THE BOARD OF TRUSTEES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE SCHOOL APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF JUNE 30, 2021, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,476. GAIN ON EXTINGUISHMENT OF DEBT 1,789,137. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,298,389. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,476. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,298,389. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS DESCRIBED IN NEWSPAPER ADVERTISING. 1 FINANCIAL AID 60 1298389 PART I, LINE 2: SHORE COUNTRY DAY SCHOOL MONITORS THE USE OF FINANCIAL ASSISTANCE FUNDS BY DIRECTLY APPLYING AWARDS/GRANTS TO THE STUDENT BILLS AS AN OFFSET TO BILLED TUITIONS. NO MONEY EVER PHYSICALLY EXCHANGES HANDS BETWEEN THE SCHOOL AND THE RECIPIENT. THUS, THE GENERAL LEDGER MUST BE IN SYNC WITH THE AWARDS LIST AT ALL TIMES. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CLAIR WARD HEAD OF SCHOOL 388306 0 0 0 0 0 0 0 14250 0 402556 0 0 0 ANN MARIE FLYNN DIRECTOR OF FINANCE & OPER 177168 0 0 0 0 0 0 0 8774 0 185942 0 0 0 KATIE KOZIN DIRECTOR OF ADVANCEMENT 166524 0 0 0 0 0 0 0 8246 0 174770 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-28 4000000 FINANCE CONSTRUCTION COSTS 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-28 8500000 FINANCE CONSTRUCTION COSTS 0 0 0 A 888889 4000000 59920 3940080 0 0 1 1 B 7405300 8500000 127331 8372669 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 31911 FINANCIAL AID TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 6 THE PARENTS OF ANY CHILD WHO IS ENROLLED AS A PUPIL OF THE SCHOOL ARE MEMBERS OF THE ORGANIZATION UNTIL SUCH CHILD CEASES TO BE A PUPIL OF THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT THE TRUSTEES, TREASURER AND CLERK. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE ORGANIZATION ELECT THE TRUSTEES, TREASURER AND CLERK. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE COMPENSATION COMMITTEE AS DIRECTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C SHORE COUNTRY DAY SCHOOL REQUIRES DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EVERY YEAR. THESE INDIVIDUALS ARE ASKED TO REVIEW THE CONFLICT OF INTEREST POLICY AT THE SAME TIME. THE COMPLETED FORMS ARE REVIEWED AND ANY APPARENT CONFLICTS ARE PROBED AND RESOLVED. THE BOARD OF DIRECTORS AND STAFF ARE ALSO VIGILANT DURING THE YEAR FOR ANY CONFLICTS OF INTEREST WHICH MAY ARISE IN THE PERIOD BETWEEN COMPLETING THE QUESTIONNAIRES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS AND POLICY FOR DETERMINING COMPENSATION FOR KEY EMPLOYEES AT SHORE COUNTRY DAY SCHOOL IS AS FOLLOWS: THE SCHOOL HAS ESTABLISHED A COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION FOR KEY EMPLOYEES. THE POLICY OF THE COMMITTEE IS TO ATTRACT AND RETAIN KEY EXECUTIVE TALENT BY PROVIDING A COMPETITIVE TOTAL COMPENSATION PACKAGE. IN DETERMINING COMPETITIVENESS, SHORE COUNTRY DAY SCHOOL LOOKS PRIMARILY TO COMPENSATION OFFERED BY OTHER LOCAL NON-PROFIT ORGANIZATIONS THAT ARE SIMILAR IN SIZE AS WELL AS REVIEWING STATISTICAL DATA PROVIDED BY THE INDEPENDENT SCHOOL DATA EXCHANGE (INDEX). THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REPORTS THE PROCESS TO THE BOARD OF DIRECTORS AS WELL AS ANY MAJOR CHANGES IN THE SCHOOL'S BENEFIT PLANS APPLICABLE TO KEY EXECUTIVES OF SHORE COUNTRY DAY SCHOOL. "KEY EXECUTIVE" IS DEFINED AS HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS. THE COMPENSATION COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATION OF THE REASONABLE COMPENSATION FOR THOSE KEY EXECUTIVES UNDER ITS REVIEW AND THE BASIS FOR DETERMINING THAT THE COMPENSATION OF THE EXECUTIVE WAS REASONABLE IN LIGHT OF MARKET DATA. THE COMPENSATION COMMITTEE REPORTS TO THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD OF DIRECTORS PERIODICALLY REVIEWS THE MEMBERSHIP OF THE COMPENSATION COMMITTEE WITH A VIEW TO MAKING SURE THAT NO MEMBER IS SUBJECT TO A CONFLICT OF INTEREST WHICH WOULD MAKE THEIR PARTICIPATION IN THE REVIEW OF COMPENSATION INAPPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE SCHOOL'S OFFICE, WALKING INTO THE SCHOOL'S OFFICE OR MAILING IN A REQUEST TO THE SCHOOL. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE. FORM 990, PART XI, LINE 9: GAIN ON EXTINGUISHMENT OF DEBT 1,789,137.