2022-12-20T07:37:39-06:00 2022-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST 4TH FLOOR CONCORD NH 03301 990 2021-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 WALTER SCHAEFFLER CFO 6035361748 2022-12-19 1 WALTER SCHAEFFLER 999009999 ORESTE J MOSCA P00366101 6032245357 2022-12-19 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WALTER SCHAEFFLER CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 36782264 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12. 27 27 164 27 0 0 4246187 7714152 18979880 20500817 1900657 912283 0 0 25126724 29127252 4501048 4441345 0 0 11546102 12527028 0 0 2290267 8406480 9214944 24453630 26183317 673094 2943935 145004578 142642933 16513338 17611599 128491240 125031334 HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 20430146 4441345 20500817 LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 297. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 20430146 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 1 101 1 1 164 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X WALTER SCHAEFFLER 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 ANDREW DAVIS MEMBER OF BOARD 2.00 X 0 0 0 HARRY SHEEHY MEMBER OF BOARD 2.00 X 0 0 0 CHRIS KEATING SECRETARY 2.00 X X 0 0 0 KEVIN MATTINGLY MEMBER OF BOARD 2.00 X 0 0 0 A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 NELL REYNOLDS CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 TRACY GILLETTE MEMBER OF BOARD 2.00 X 0 0 0 ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 RICHARD VIEIRA MEMBER OF BOARD 2.00 X 0 0 0 SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 ALEX MACCORMICK MEMBER OF BOARD 2.00 X 0 0 0 BOB CUNHA TREASURER 2.00 X X 0 0 0 KATIE CRUMBO MEMBER OF BOARD 2.00 X 0 0 0 CHRIS DAVENPORT MEMBER OF BOARD 2.00 X 0 0 0 PAUL JOHN FERRI MEMBER OF BOARD 2.00 X 0 0 0 MATT STOREY MEMBER OF BOARD 2.00 X 0 0 0 BURGWELL HOWARD MEMBER OF BOARD 2.00 X 0 0 0 KARYN CAMPBELL MEMBER OF BOARD 2.00 X 0 0 0 CECILY CUSHMAN MEMBER OF BOARD 2.00 X 0 0 0 JOE MILES MEMBER OF BOARD 2.00 X 0 0 0 CHANCE WRIGHT MEMBER OF BOARD 2.00 X 0 0 0 SUNG YOU MEMBER OF BOARD 2.00 X 0 0 0 KATIE ALFOND MEMBER OF BOARD 2.00 X 0 0 0 JOHN HAYES MEMBER OF BOARD 2.00 X 0 0 0 PHILIP KISTLER MEMBER OF BOARD 2.00 X 0 0 0 CHRISTOPER MARTIN MEMBER OF BOARD 2.00 X 0 0 0 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 60.00 X 209917 0 40112 PHILLIP PECK HEAD OF SCHOOL 60.00 X 648397 0 41436 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 40.00 X 155244 0 48935 MARGOT RILEY CHIEF OPERATING OFFICER 40.00 X 160131 0 24636 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 40.00 X 189049 0 41622 ANTHONY LEMENAGER DIRECTOR OF FACILITIES 40.00 X 130170 0 35965 DAVID FLYNN DIR. OF ADMISSIONS 40.00 X 139215 0 36909 1632123 0 269615 7 0 1 0 KNOWER ACADEMICS 85 MAIN STREET PLYMOUTH NH 03264 TUTORING 356813 SASAKI ASSOCIATES 64 PLEASANT STREET WATERTOWN MA 02472 IT CONSULTING SERVICES 350493 OMADA TECHNOLOGIES LLC 36 MAPLEWOOD AVENUE PORTSMOUTH NH 03801 ARCHITECTURAL SERVICES 113526 3 2004700 5709452 289692 7714152 TUITION AND FEES 900099 19785450 19785450 SCHOOL ACTIVITY REVENUE 900099 712668 712668 SUMMER PROGRAM REVENUE 900099 2699 2699 20500817 972994 972994 7402082 192219 7452915 202097 -50833 -9878 -60711 -60711 29127252 20500817 0 912283 X 4441345 4441345 1716170 1008826 466107 241237 7309464 5229520 1132383 947561 638203 485243 84262 68698 2241154 1643527 348784 248843 622037 448263 101012 72762 128132 128132 63844 63844 482828 482828 180189 13461 83364 83364 281314 98151 18720 164443 515350 476213 30898 8239 2178258 2012835 130597 34826 269997 141725 42796 85476 77666 15533 58250 3883 228706 211325 13722 3659 2180200 2014505 130812 34883 SUPPLIES 923592 484806 146393 292393 RESIDENTIAL SERVICES 665934 665934 ATHLETICS 402107 402107 PRE-CONSTRUCTION EXPENS 234830 234830 401997 401997 26183317 20430146 3462904 2290267 701 1000 13705904 13913045 7490366 5430180 307735 121838 125399 141083 138445 162561 87688746 28925943 51249835 58762803 68754660 61212737 3231533 2897686 145004578 142642933 1629408 1757944 5132357 5476807 7506873 10346848 2004700 240000 30000 16513338 17611599 X 60276095 69138232 68215145 55893102 128491240 125031334 145004578 142642933 X 2943935 -6018110 -385731 X X 0 1 X 1 0 X 11456428 11726867 10203838 4246187 7714152 45347472 11456428 11726867 10203838 4246187 7714152 45347472 14182769 31164703 861945 798401 782913 842229 972994 4258482 49605954 75229061 0.62820 0.59080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69040399 428445 -5495217 1084545 777895 306468 61804719 53941796 251658 16957914 1052786 757628 300555 69040399 54922507 244613 809570 968558 902774 163562 53941796 54684726 251810 1863341 973086 650323 253961 54922507 52151345 382637 3941292 936583 628262 225703 54684726 0.23437 0.39407 0.37156 0 0 1446004 1446004 76193370 24512098 51681272 6142397 4413845 1728552 3906975 3906975 58762803 DEFERRED COMPENSATION 30000 30000 X 17950139 -6018110 -6018110 23968249 482828 4676175 5159003 29127252 20944314 0 20944314 482828 4756175 5239003 26183317 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,441,345. PRE-CONSTRUCTION EXPENSES 234,830. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,441,345. CHANGE IN BAD DEBT EXPENSE 80,000. PRE CONSTRUCTION EXPENSE 234,830. 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 SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 132 4441345 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 PHILLIP PECK HEAD OF SCHOOL 355929 0 750 0 291718 0 23786 0 17650 0 689833 0 291718 0 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 208067 0 1850 0 0 0 38893 0 1219 0 250029 0 0 0 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 187229 0 1820 0 0 0 17014 0 24608 0 230671 0 0 0 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 151754 0 3490 0 0 0 23972 0 24963 0 204179 0 0 0 MARGOT RILEY CHIEF OPERATING OFFICER 158411 0 1720 0 0 0 14412 0 10224 0 184767 0 0 0 DAVID FLYNN DIR. OF ADMISSIONS 137605 0 1610 0 0 0 12529 0 24380 0 176124 0 0 0 ANTHONY LEMENAGER DIRECTOR OF FACILITIES 123070 0 7100 0 0 0 11715 0 24250 0 166135 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 4500000 4500000 2015 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 ROBIN PECK WIFE OF R. PHILLIP PECK, HEAD OF SCHOOL 28000 EMPLOYMENT FOR THE ORGANIZATION'S TAX YEAR 0 X 32 286159 FMV ON DONATION DATE X EVENT FOOD AND FACILITIY EXPENSES 1 3475 COST X ROLL OF STAMPS 1 58 FMV ON DONATION DATE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD (INCLUDING OFFICERS) AT THEIR BOARD MEETING, PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART IX, LINE 24E FACULTY RELATED: PROGRAM SERVICE EXPENSES 175,274. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175,274. STUDENT RELATED: PROGRAM SERVICE EXPENSES 118,334. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 118,334. BAD DEBT: PROGRAM SERVICE EXPENSES 63,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,083. COURSE RELATED: PROGRAM SERVICE EXPENSES 44,372. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,372. GRC: PROGRAM SERVICE EXPENSES 934. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 934. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -385,731. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR.