2022-11-14T08:11:49-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2021-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 6174843078 2022-11-02 1 BRENDAN LARGAY 999009999 SHANNON CROWLEY P01594935 7819821001 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRENDAN LARGAY 55 DAY SCHOOL LANE BELMONT MA 02478 19566497 0 X BELMONTDAY.ORG X 1927 MA SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT. 24 19 307 75 0 0 1956030 1249853 12232118 15270196 852228 640738 58943 54161 15099319 17214948 1988991 2272322 0 0 9389977 9755267 5000 25000 453784 4579028 4586568 15962996 16639157 -863677 575791 53894213 53871739 23437227 25212340 30456986 28659399 X TO INSPIRE AND CHALLENGE. (SEE SCHEDULE O FOR CONTINUATION.) 0 0 12646810 2165712 13193411 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 326 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, LATIN, SPANISH, AND PHYSICAL EDUCATION. 890003 1741615 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 950 CHILDREN ATTEND SUMMER SESSION. 358145 106610 389331 THE EXTERNAL PROGRAMS PROVIDE CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. DUE TO COVID IN FY22, PROGRAMS WERE LIMITED WITH 122 CHILDREN PARTICIPATING. IN ADDITION, 37 CHILDREN PARTICIPATED IN ONE VACATION CAMP IN APRIL. NO CONFERENCE DAY CAMPS WERE OFFERED. 13894958 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 38 0 1 307 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 19 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X FREDERICK COLSON III 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 40.00 X X 359521 0 16628 FREDERICK COLSON III DIRECTOR OF FINANCE 40.00 X 149452 0 22908 DEBORAH BRISSENDEN ASSISTANT HEAD OF SCHOOL 40.00 X 146243 0 18210 PATRICIA FERNANDEZ DIRECTOR OF DEVELOPMENT 40.00 X 137093 0 17335 ELIZABETH PARFIT DIRECTOR OF ADMISSIONS 40.00 X 119975 0 28458 DOROTHY RYAN DIRECTOR OF TECHNOLOGY 40.00 X 121880 0 14436 SARAH BARROW BUSINESS MANAGER 40.00 X 119865 0 11514 JESSICA TURCO TRUSTEE 1.00 X 0 0 0 MICHAEL TREISMAN TRUSTEE 1.00 X 0 0 0 GRETCHEN LARKIN TRUSTEE 1.00 X 0 0 0 MATT KISHLANSKY TRUSTEE 1.00 X 0 0 0 SASHA EBRAHIMI TRUSTEE 1.00 X 0 0 0 CAROLYN ATINIZIAN TRUSTEE 1.00 X 0 0 0 ANGEL WILLIAMS TRUSTEE 1.00 X 0 0 0 ELLIOT TARGUM TRUSTEE 1.00 X 0 0 0 KEVIN PLANTE TRUSTEE 1.00 X 0 0 0 SHARRA OWENS-SCHWARTZ TRUSTEE 1.00 X 0 0 0 NATASHA WARIKOO TRUSTEE 1.00 X 0 0 0 KIRK CHISHOLM TRUSTEE 1.00 X 0 0 0 ADAM COLANGELO TRUSTEE 1.00 X 0 0 0 SAMUEL BIGELOW TRUSTEE 1.00 X 0 0 0 BRIT DEWEY TRUSTEE 1.00 X 0 0 0 KIM TRUONG TRUSTEE 1.00 X 0 0 0 KELLY BAKER TRUSTEE 1.00 X 0 0 0 CHARLES FOLEY TRUSTEE 1.00 X 0 0 0 MUSTAFA ULUKAN TRUSTEE 1.00 X 0 0 0 CRISSY STRAUB TRUSTEE THRU 10/2021 1.00 X 0 0 0 JILL FINNERTY PRESIDENT A/O 10/2021/TRUSTEE 1.00 X X 0 0 0 CATALINA GUILLERMETY VICE PRESIDENT/TRUSTEE 1.00 X X 0 0 0 MATTHEW KADNAR TREASURER/TRUSTEE 1.00 X X 0 0 0 AUDRA DAINORA CLERK/TRUSTEE 1.00 X X 0 0 0 THOMAS HANCOCK PRESIDENT/TRUSTEE THRU 10/2021 1.00 X X 0 0 0 1154029 0 129489 16 0 1 0 DOHERTY'S GARAGE INC 161 LINCOLN ROAD LINCOLN MA 01773 STUDENT TRANSPORTATION 180488 IMPERIAL BUILDING MAINTENANCE INC 849 POST ROAD WARWICK RI 02888 CLEANING SERVICES 154091 SYSCO BOSTON LLC 99 SPRING STREET PLYMPTON MA 02367 FOOD DISTRIBUTION SERVICES 137379 3 1249853 28167 1249853 TUITION & FEES-WINTER 611600 13095750 13095750 TUITION & FEES-SUMMER 611600 1741615 1741615 TUITION & FEES-EXT. PROG. 611600 389331 389331 TUITION & FEES-OTHER PRG. 611600 43500 43500 15270196 272588 272588 17280 0 17280 17280 17280 2718814 885 2351549 0 367265 885 368150 368150 MISCELLANEOUS 611600 36881 36881 36881 17214948 15324357 0 640738 2272322 2272322 554627 499105 55522 7423486 6353284 845115 225087 342816 280251 50325 12240 841476 751717 69954 19805 592862 484145 87120 21597 80895 80895 55500 55500 25000 25000 23755 23755 220852 170817 50035 119032 26298 76712 16022 667065 519374 86442 61249 160304 132642 18462 9200 693442 683568 7798 2076 212663 212663 92458 84938 7520 239989 236486 2767 736 1260219 1241822 14530 3867 160229 2669 157560 FOOD & KITCHEN 288657 288657 PRINTING & PUBLICATIONS 90527 12685 77842 MISCELLANEOUS 85556 22827 62729 EQUIPMENT RENTAL & MAIN 67222 50973 16249 68203 66820 1383 16639157 13894958 2290415 453784 1523488 3918106 2206815 1712089 468494 387980 8479176 8956822 207342 378684 43175337 15603722 26494717 27571615 13606360 10946443 907821 53894213 53871739 1297510 1509819 12300681 14129553 9839036 9572968 23437227 25212340 X 22768595 21989223 7688391 6670176 30456986 28659399 53894213 53871739 X 575791 -2366900 -6478 X 0 1 X 1 0 X 2491910 1311716 2332516 1956030 1249853 9342025 2491910 1311716 2332516 1956030 1249853 9342025 487491 8854534 367053 361897 377011 278673 272588 1657222 82555 78850 46320 38716 36881 283322 11282569 63359792 0.78480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 0.00 0 14358653 684777 -1757865 30718 2446559 10808288 16362749 707771 3433404 27383 6117888 14358653 16011595 718000 292154 19644 639356 16362749 15178444 678000 778151 623000 16011595 15642642 853721 826613 2144532 15178444 0.52390 0.39810 0.07800 0 0 2640987 2640987 35093466 11697595 23395871 3879430 2909000 970430 1561454 997127 564327 27571615 12520493 -2366900 -2366900 14887393 23755 2303800 2327555 17214948 14318080 0 14318080 23755 2297322 2321077 16639157 PART II, LINE 9: THE SCHOOL PURCHASED CLAFIN FIELD ON MARCH 28, 2001, WHICH IS SUBJECT TO A CONSERVATION RESTRICTION REQUIRING THAT IT BE PRESERVED. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. THE LAND IS ADJACENT TO THE SCHOOL GROUNDS AND HAS BEEN USED AS A PLAYING FIELD FOR PHYSICAL EDUCATION AND ATHLETIC PROGRAMS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,272,322. CAPITAL CAMPAIGN 25,000. CHANGE IN CHARITABLE LEAD TRUST 6,478. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,272,322. CAPITAL CAMPAIGN EXPENSES 25,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NOTICE OF NON-DISCRIMINATION POLICY APPEARS ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I LINE 3 AS OF JUNE 30, 2022 THE SCHOOL NO LONGER HELD ANY FOREIGN INVESTMENTS. X X X X 1 MARTS & LUNDY 160 CHUBB AVENUE LYNDHURST NJ 070713526 CAPITAL CAMPAIGN CONSULTING 0 0 0 25000 25000 AZ CA CO DC FL GA IL LA MA ME MD MI MN MO NJ NM NY NC OH OK PA RI SC TN VT WA WI CT NH VA 1 FINANCIAL AID 74 2272322 PART I, LINE 2 FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILIES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X X X X 0 0 0 0 0 0 0 1 0 BRENDAN LARGAY HEAD OF SCHOOL 349521 0 10000 0 0 0 14500 0 2128 0 376149 0 0 0 FREDERICK COLSON III DIRECTOR OF FINANCE 149452 0 0 0 0 0 8004 0 14904 0 172360 0 0 0 DEBORAH BRISSENDEN ASSISTANT HEAD OF SCHOOL 146243 0 0 0 0 0 7442 0 10768 0 164453 0 0 0 PATRICIA FERNANDEZ DIRECTOR OF DEVELOPMENT 137093 0 0 0 0 0 7081 0 10254 0 154428 0 0 0 PART I, LINE 7 A ONE-TIME BONUS WAS ISSUED TO BRENDAN LARGAY FOR EXTRA TIME, WORK, AND EFFORT IN FY21. BRENDAN LARGAY RECEIVED $10,000 IN JULY 2021. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-04-13 15500000 TO PAY OFF 2012 BONDS AND HELP FUND CONSTRUCTION OF NEW SCHOOL BUILDING 0 0 0 A 5797703 15500000 7050041 8449959 2018 1 0 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: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/18/2022 177910 NEED BASED ASSISTANCE FINANCIAL AID PART III COLUMN B ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES WHOSE FAMILY MEMBERS ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). X 379 FMV AT DONATION X 4 26621 FMV AT DONATION X GIFT IN KIND 3 1167 FMV AT DONATION 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF INDIVIDUAL ITEMS DONATED. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: INSPIRE AND CHALLENGE. AT BELMONT DAY SCHOOL, WE FOSTER INTELLECTUAL CURIOSITY, HONOR DIFFERENCES, AND EMPOWER MEANINGFUL CONTRIBUTION WITH EXCELLENCE, RESPECT, HONESTY, RESPONSIBILITY, CARING, AND JOY. FORM 990, PART III, LINE 1 CONTINUED: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. BELMONT DAY'S SIX CORE VALUES-RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY, AND EXCELLENCE-ARE INTEGRAL TO ACADEMIC QUALITY, CREATIVITY, FITNESS, AND HEALTH. EVEN THE YOUNGEST CHILDREN QUICKLY BECOME AWARE OF THE SCHOOL'S VALUES AND EXPECTATIONS. AND SOON ENOUGH, THEY BEGIN TO CHERISH AND PROMOTE THESE IDEALS. SPEND SOME TIME AT BELMONT DAY SCHOOL, AND YOU WILL WITNESS OUR SIX CORE VALUES, ALIVE AND ACTIVE, INFORMING EVERYTHING WE DO. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE DIRECTOR OF FINANCE, AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE DIRECTOR OF FINANCE SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE DIRECTOR OF FINANCE TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL, AND DIRECTOR OF FINANCE, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE FORM 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE FOR FISCAL 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE DIRECTOR OF FINANCE. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE LEAD TRUST -6,478.