2021-02-12T15:55:56-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 JOHN HELLER TREASURER 7817490746 2021-01-26 1 LAURA J KENNEY P00202198 6177170831 2021-01-25 2019 2022-09-23 18:48:47Z THOMAS REID 56 BURDITT AVENUE HINGHAM MA 02043 33521920 0 X WWW.DERBYACADEMY.ORG X 1784 MA EDUCATION PROGRAMS AND DAY SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE 8. 18 18 171 300 0 0 1089957 1422595 10813114 10583719 643970 1031359 66802 156476 12613843 13194149 1000449 944448 0 0 8460214 8053431 0 0 568674 4088918 3556045 13549581 12553924 -935738 640225 30162860 30371395 8998974 9312204 21163886 21059191 EDUCATION PROGRAMS AND DAY SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE 8. 0 0 8631655 908019 10143175 INSTRUCTION AND STUDENT ACTIVITIES FOR APPROXIMATELY 299 STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 8. ACHIEVEMENTS INCLUDE ACADEMIC ADVANCEMENT TO THE NEXT GRADE LEVEL FOR ALL STUDENTS, SOCIAL DEVELOPMENT THROUGH CLASSROOM ACTIVITIES, TEAM SPORTS, PERFORMING ARTS, FAMILY STYLE LUNCHES, AND DEVELOPMENT OF THE INTELLECTUAL CURIOSITY OF EACH STUDENT USING HIS OR HER LEARNING STYLE TO GUIDE THE PROCESS. 420607 36429 502613 SUMMER PROGRAMS FOR ARTS, EDUCATION AND ACTIVITIES SERVING APPROXIMATELY 63 STUDENTS. ACHIEVEMENTS INCLUDE DEVELOPMENT OF STUDENT ABILITIES IN PERFORMING ARTS, CREATIVE CRAFT, ATHLETICS, SCIENTIFIC EXPLORATION AND OUTDOOR ACTIVITIES. 9052262 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 171 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 MA X X PHILIP CANTILLON 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 JOSEPH PERRY HEAD OF SCHOOL THRU 3/2/20 45.00 X 241650 0 125466 JOHN HOUGHTON FORMER ASSOCIATE HEAD OF SCHOOL 0.00 X 187482 0 16910 PHILIP CANTILLON CHIEF FINANCIAL OFFICER 45.00 X 168299 0 24834 SCOT CHANDLER HEAD OF LOWER SCHOOL 45.00 X 119197 0 65431 PAUL MOUNTCASTLE DIRECTOR OF DEVELOPMENT 45.00 X 107641 0 63191 ALICE MCWILLIAMS HEAD OF ARTS DEPARTMENT 40.00 X 127500 0 9749 KATE HOWELL HEAD OF MIDDLE AND UPPER SCHOOL 40.00 X 130771 0 1288 JOHN DREW TRUSTEE 1.00 X 0 0 0 CAROLINE CURTIS HAYES TRUSTEE 1.00 X 0 0 0 METRI METRI TRUSTEE 1.00 X 0 0 0 KRISTEN MAXWELL TRUSTEE 1.00 X 0 0 0 JENNIFER LOWE NEWELL TRUSTEE 1.00 X 0 0 0 ROBERT FAWCETT JR TRUSTEE 1.00 X 0 0 0 JAY SADLON TRUSTEE 1.00 X 0 0 0 PAMELA MARSHMAN TRUSTEE 1.00 X 0 0 0 SUZANNE NORRIS TRUSTEE 1.00 X 0 0 0 JEFFREY ALEXANDER TRUSTEE 1.00 X 0 0 0 CURTIS CETRULO TRUSTEE 1.00 X 0 0 0 ANDREA CARR HEDRICK TRUSTEE 1.00 X 0 0 0 DEMI ISENSTADT TRUSTEE 1.00 X 0 0 0 AJAY SADHWANI TRUSTEE 1.00 X 0 0 0 JOHN HELLER TRUSTEE/TREASURER A/O 6/2020 1.00 X X 0 0 0 LORI CASHMAN TRUSTEE/PRESIDENT 5.00 X X 0 0 0 CHRISTIE O'CONNOR TRUSTEE/SECRETARY 1.00 X X 0 0 0 MICHELLE M BUCKLEY TRUSTEE/TREASURER THRU 5/2020 1.00 X X 0 0 0 THOMAS REID INTERIM HOS A/O 6/15/20 45.00 X 0 0 0 1082540 0 306869 7 1 1 0 FLIK 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 586626 CHOATE HALL & STEWART LLP TWO INTERNATIONAL PLACE BOSTON MA 02110 LEGAL CONSULTING 229251 INGLE BUS COMPANY 577 CIRCUIT STREET HANOVER MA 02339 TRANSPORTATION 181547 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CUSTODIAL SERVICES 158374 MONUMENT TECHNOLOGY GROUP LLC 361 MAIN STREET HINGHAM MA 02043 IT SUPPORT 116841 5 10400 1412195 36007 1422595 TUITION AND FEES 611110 10381431 10381431 STUDENT SUPPORT SERVICES 611110 202288 202288 10583719 255033 255033 72635 0 72635 72635 72635 21089069 20312743 776326 776326 776326 36800 10400 15028 21772 21772 PARENTS ASSOCIATION INCOME 900099 39740 39740 MISCELLANEOUS REVENUE 900099 22329 22329 62069 13194149 10645788 0 1125766 944448 944448 397639 21437 311891 64311 174408 174408 5898112 4366317 1213182 318613 340987 276578 53541 10868 763417 621071 117361 24985 478868 326135 125847 26886 168398 168398 31228 31228 49855 49855 171734 38996 132738 89834 538 43999 45297 303297 255389 34634 13274 105230 103131 2099 718100 692056 21463 4581 60618 1283 29137 30198 238506 31413 207093 676180 608562 67618 120640 90064 29103 1473 FOOD 345562 340656 4100 806 DUES AND SUBSCRIPTIONS 135413 40654 77617 17142 TRANSPORTATION 133422 133422 SPECIAL PROGRAMS 66204 66204 141824 93908 37676 10240 12553924 9052262 2932988 568674 15648 220929 1476372 2121649 152583 434289 378828 166583 132770 171962 25235502 9691709 16062328 15543793 11944331 11712190 30162860 30371395 1028608 840398 2196926 1482402 5773440 5509428 0 1479976 8998974 9312204 X 14898117 14463575 6265769 6595616 21163886 21059191 30162860 30371395 X 640225 -667683 -77237 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11944331 125001 324858 700000 11694190 11501193 292283 550855 400000 11944331 11000800 136219 664174 300000 11501193 10008846 29867 1262087 300000 11000800 10439462 63319 -293935 200000 10008846 0.48370 0.16130 0.35500 0 0 2453222 2453222 20253493 8029267 12224226 1401996 912714 489282 1126791 749728 377063 15543793 PAYCHECK PROTECTION PROGRAM 1479976 1479976 11394489 -667683 9278 -658405 12052894 49855 1091400 1141255 13194149 11499184 9278 9278 11489906 49855 1014163 1064018 12553924 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, INCLUDING FACILITY COSTS AND FINANCIAL AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 9,278. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 1,014,163. LOSS ON WRITE OFF OF PLEDGE RECEIVABLE 77,237. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 9,278. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 1,014,163. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN ALL BROCHURES, HANDBOOK AND PUBLICATIONS USED BY THE SCHOOL, THE STATEMENT IS INCLUDED. ALSO, AN ANNUAL STATEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER SPONSORED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR ENDED JUNE 30, 2020 THE SCHOOL RECEIVED A PAYCHECK PROTECTION PLAN LOAN GRANTED BY THE U.S. DEPARTMENT OF TREASURY THROUGH THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT). ONLINE AUCTION 47200 10400 36800 2150 12878 47200 10400 36800 2150 12878 15028 21772 1 FINANCIAL AID FOR ATTENDING STUDENTS 36 944448 PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE NAIS GUIDELINES AND ARE SET BY THE HEAD OF SCHOOL, CFO AND HEAD OF ADMISSIONS. THE FINANCIAL AID BUDGET IS THEN FORMALLY SET BY THE FINANCE COMMITTEE WITH APPROVAL BY THE BOARD ON A YEARLY BASIS. X 0 0 X X X X 1 1 0 0 0 0 0 0 0 JOSEPH PERRY HEAD OF SCHOOL THRU 3/2/20 241650 0 0 0 0 0 20350 0 105116 0 367116 0 0 0 JOHN HOUGHTON FORMER ASSOCIATE HEAD OF SCHOOL 73592 0 0 0 113890 0 7603 0 9307 0 204392 0 0 0 PHILIP CANTILLON CHIEF FINANCIAL OFFICER 168299 0 0 0 0 0 10440 0 14394 0 193133 0 0 0 SCOT CHANDLER HEAD OF LOWER SCHOOL 119197 0 0 0 0 0 10440 0 54991 0 184628 0 0 0 PAUL MOUNTCASTLE DIRECTOR OF DEVELOPMENT 107641 0 0 0 0 0 4776 0 58415 0 170832 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE. PART I, LINES 4A-B IN JULY 2017, DERBY ACADEMY ADOPTED A 457(F) NONQUALIFED DEFERRED COMPENSATION PLAN FOR THE HEAD OF SCHOOL. THE PLAN WAS TERMINATED IN MARCH 2020. DERBY ACADEMY PAID SEVERANCE OF $113,890 TO THE ASSOCIATE HEAD OF SCHOOL AND $66,404 TO THE HEAD OF THE ARTS DEPARTMENT IN 2019. THE ASSOCIATE HEAD OF SCHOOL'S SEVERANCE AGREEMENT IS 9 MONTHS BEGINNING ON JULY 1, 2019. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-26 1666025 TO PAY OFF PRIOR ISSUANCE FROM 2006 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-04-27 4750000 ACQUISITION OF PROPERTY 0 0 0 A 626398 1666025 1666025 2007 1 0 1 1 B 188298 4750000 100948 4649052 2018 0 0 1 1 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 1 0 0 0 1 A 1 B 1 X 2 30257 FMV AT DONATION X AUCTION ITEMS 7 5750 FMV AT DONATION 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO DONATED ITEMS. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B AFTER INTERNAL REVIEW BY THE CFO AND CONTROLLER, THE FORM 990 IS SENT TO OUR TREASURER WHO THEN REVIEWS IT AND BRINGS ANY QUESTIONS OR CONCERNS TO US. ONCE WE ADDRESS HIS QUESTIONS AND HIS REVIEW IS COMPLETE, THE RETURN WILL BE FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EACH NEW TRUSTEE BEFORE HE OR SHE IS ELECTED. ON AN ANNUAL BASIS, EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY THE POLICY. ANY CONFLICTS DISCLOSED ARE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A SUBCOMMITTEE OF THE BOARD. THIS PROCESS WAS LAST FOLLOWED IN 2019. THE HEAD OF SCHOOL'S COMPENSATION IS DOCUMENTED IN AN EMPLOYMENT CONTRACT. THE CFO'S COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF - PLEDGE RECEIVABLE -77,237.