RIVERS SCHOOL CORPORATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- RIVERS SCHOOL CORPORATION (EIN 04-2104457)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-04-23
- IRS object ID
- 202111139349301021
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-04-23T16:20:12-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042211907 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLER WACHMAN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CAMBRIDGE STREET 13TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021142548 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104457 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RIVERS SCHOOL CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RIVE | BusinessNameControlTxt |
| Phone | 7812359300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 WINTER STREET | AddressLine1Txt |
| City | WESTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024931040 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAY M GROSSMAN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7812359300 | PhoneNum |
| Signature | 2021-03-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBIN A KATZMAN | PreparerPersonNm |
| PTIN | P01569433 | PTIN |
| Phone | 6173386800 | PhoneNum |
| Preparation | 2021-03-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | EDWARD V PARSONS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 WINTER STREET | AddressLine1Txt |
| City | WESTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024931040 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $62,402,312 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.RIVERS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1924 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS CHALLENGES STUDENTS TO ATTAIN THEIR HIGHEST LEVELS OF EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS. WE SET HIGH STANDARDS AND EXPECT STUDENTS TO PARTICIPATE ACTIVELY IN THEIR LEARNING. WE CULTIVATE A CARING, RESPECTFUL, AND COLLABORATIVE ENVIRONMENT THAT ENCOURAGES STUDENT PERFORMANCE, INCLUDING DEMONSTRATION OF LOGICAL THOUGHT, INFORMED AND ARTICULATE VOICE, CREATIVE VISION, AND INTEGRITY. RIVERS IS DEDICATED TO PREPARING ITS STUDENTS FOR LEADERSHIP IN A WORLD THAT NEEDS THEIR TALENTS, IMAGINATION, INTELLECT, AND COMPASSION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 415 | TotalEmployeeCnt |
| Total Volunteers | 309 | TotalVolunteersCnt |
| Total Gross UBI | $255,145 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$65,461 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,124,208 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,433,412 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,020,445 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,297,539 | CYProgramServiceRevenueAmt |
| PY Investment Income | $880,387 | PYInvestmentIncomeAmt |
| CY Investment Income | $324,188 | CYInvestmentIncomeAmt |
| PY Other Revenue | $619,328 | PYOtherRevenueAmt |
| CY Other Revenue | $359,447 | CYOtherRevenueAmt |
| PY Total Revenue | $38,644,368 | PYTotalRevenueAmt |
| CY Total Revenue | $38,414,586 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,115,021 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,551,913 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,711,441 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,259,775 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $12,500 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,857,332 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,022,478 | PYOtherExpensesAmt |
| CY Other Expenses | $8,834,118 | CYOtherExpensesAmt |
| PY Total Expenses | $32,861,440 | PYTotalExpensesAmt |
| CY Total Expenses | $33,645,806 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,782,928 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,768,780 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $95,327,408 | TotalAssetsBOYAmt |
| Total Assets EOY | $108,581,499 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $25,770,340 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $36,225,811 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,557,068 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,355,688 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS CHALLENGES STUDENTS TO ATTAIN THEIR HIGHEST LEVELS OF EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS. WE SET HIGH STANDARDS AND EXPECT STUDENTS TO PARTICIPATE ACTIVELY IN THEIR LEARNING. WE CULTIVATE A CARING, RESPECTFUL, AND COLLABORATIVE ENVIRONMENT THAT ENCOURAGES STUDENT PERFORMANCE, INCLUDING DEMONSTRATION OF LOGICAL THOUGHT, INFORMED AND ARTICULATE VOICE, CREATIVE VISION, AND INTEGRITY. RIVERS IS DEDICATED TO PREPARING ITS STUDENTS FOR LEADERSHIP IN A WORLD THAT NEEDS THEIR TALENTS, IMAGINATION, INTELLECT, AND COMPASSION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,275,418 | ExpenseAmt |
| Grant | $6,328,626 | GrantAmt |
| Revenue | $24,346,050 | RevenueAmt |
| Desc | SCHOOL PROGRAM - THE INSTRUCTION OF 505 STUDENTS - GRADE 6-12. THE SCHOOL YEAR RUNS FROM SEPTEMBER TO JUNE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,649,625 | ExpenseAmt |
| Grant | $223,286 | GrantAmt |
| Revenue | $2,589,190 | RevenueAmt |
| Desc | MUSIC CONSERVATORY - OFFERS PREMIER CLASSICAL AND JAZZ MUSIC EDUCATION AND PERFORMANCE PROGRAMS THAT DEVELOP THE HIGHEST LEVELS OF ARTISTIC AND TECHNICAL ACHIEVEMENT IN STUDENT MUSICIANS OF ALL AGES | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $270,192 | ExpenseAmt |
| Revenue | $337,919 | RevenueAmt |
| Desc | SUMMER CAMP PROGRAM - THE INSTRUCTION AND SUPERVISION OF 202 TOTAL CAMPERS IN ARTS, CRAFTS, AND OUTDOOR ACTIVITIES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $723,120 | ExpenseAmt |
| Revenue | $2,148,015 | RevenueAmt |
| Desc | OTHER SCHOOL PROGRAMS - VARIOUS EXTRA - CURRICULAR ACTIVITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $723,120 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $2,148,015 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $26,918,355 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 119 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 415 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONATHAN D WASSERMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7812359300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | THE RIVERS SCHOOL 333 WINTER STREET | AddressLine1Txt |
| City | WESTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02493 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ALAN D ROSE JR | ||||||||
| 2ND VP | 1.80 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ANDREW P SLIFKA | ||||||||
| TRUSTEE TERMED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| BEN D FISCHMAN | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL KRAFT | ||||||||
| 1ST VP TERMED 6/3/20 | 1.80 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DANIEL R REVERS | ||||||||
| 2ND VP | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DENNIS BALDWIN | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| EILEEN SIVOLELLA | ||||||||
| TRUSTEE TERMED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| JAMES F CARLIN III | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| JON BAKER JR | ||||||||
| TRUSTEE PRESIDENT APPOINTE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| WAYNE BLOOM | ||||||||
| TRUSTEE TERMED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| LOUISE CUMMINGS | ||||||||
| TRUSTEE TERMED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| HARLEY LANK | ||||||||
| PRESIDENT | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BALA CUMARESAN | ||||||||
| TRUSTEE | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD L SMITH | ||||||||
| TRUSTEE TERMED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN M JENNINGS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ALISON MONAGHAN | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| HELEN L HOWARD | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY M GROSSMAN | ||||||||
| TREASURER | 1.80 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JONATHAN H PAUL | ||||||||
| 1ST VP | 2.30 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW VETTEL | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY D MANN | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| HEIDI C PEARLSON | ||||||||
| CLERK | 0.80 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JANET A CORREIA | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW C DELINSKY | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| JEMEA GOSO | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| ROGER RANDALL | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| JOHN FOLEY | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| SHEILA HIATT | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN JANOSKY | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| AMARIS PENA-RAMOS | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| PETER WALTER | ||||||||
| TRUSTEE | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL HUNTER | ||||||||
| TRUSTEE ELECTED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW FRUHAN | ||||||||
| TRUSTEE ELECTED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| ALISON HALL | ||||||||
| TRUSTEE ELECTED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL LONDON | ||||||||
| TRUSTEE ELECTED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN RAPPLE | ||||||||
| TRUSTEE ELECTED 6/3/20 | 0.80 | Yes (X) | $0 | $0 | $0 | |||
| EDWARD V PARSONS | ||||||||
| HEAD OF SCHOOL | 60.00 | Yes (X) | $328,740 | $0 | $155,987 | |||
| JONATHAN D WASSERMAN | ||||||||
| DIR FIN & OPER/ASST TREAS | 60.00 | Yes (X) | $216,783 | $0 | $68,753 | |||
| KRISTEN MENSING | ||||||||
| ASSISTANT CLERK | 37.50 | Yes (X) | $74,003 | $0 | $5,169 | |||
| KRISTEN KELLEHER | ||||||||
| DIRECTOR OF ADVANCEMENT | 60.00 | $218,555 | $0 | $62,378 | Yes (X) | |||
| MICHAEL KRIS | ||||||||
| HEAD OF MIDDLE SCHOOL | 50.00 | $126,439 | $0 | $37,407 | Yes (X) | |||
| JAMES M LONG | ||||||||
| ASSISTANT HEAD OF SCHOOL | 50.00 | $148,088 | $0 | $119,213 | Yes (X) | |||
| MICHAEL EBNER | ||||||||
| SENIOR ASSOC. DIR. OF ADVA | 50.00 | $131,879 | $0 | $29,064 | Yes (X) | |||
| ERMELINDA RYAN | ||||||||
| FACULTY | 50.00 | $127,861 | $0 | $12,592 | Yes (X) | |||
| GABRIELLA SANNA | ||||||||
| DIRECTOR OF RSC | 60.00 | $137,788 | $0 | $8,741 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,510,136 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $499,304 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 23 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BOWDOIN CONSTRUCTION CORPORATION | |||||
| 220-1 RESERVOIR STREET | NEEDHAM | MA | 02494 | CONSTRUCTION OF SCHOOL BUILDING | $12,237,399 |
| RAD CORPORATION | |||||
| 171 VFW DR | ROCKLAND | MA | 02370 | FIELD CONSTRUCTION | $3,614,307 |
| FLIK | |||||
| COMPASS GROUP USA | BOSTON | MA | 02241 | FOOD SERVICE PROVIDER | $1,174,162 |
| DARIO DESIGNS INC | |||||
| 318 MAIN STREET SUITE 210 | NORTHBOROUGH | MA | 01532 | ARCHITECT | $493,141 |
| LOCAL MOTION | |||||
| 66B ROCSAM PARK RD | BRAINTREE | MA | 02184 | TRANSPORTATION | $449,747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $50,957 | FundraisingAmt |
| All Other Contributions | $8,382,455 | AllOtherContributionsAmt |
| Noncash Contributions | $1,710,756 | NoncashContributionsAmt |
| Total Contributions | $8,433,412 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION INCOME | 900099 | $24,346,050 | $24,346,050 |
| RIVERS SCHOOL CONSERVATORY | 900099 | $2,589,190 | $2,589,190 |
| SCHOOL ACTIVITIES | 900099 | $2,024,380 | $2,024,380 |
| SUMMER CAMPS | 900099 | $337,919 | $337,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,297,539 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $280,554 | TotalRevenueColumnAmt |
| Exclusion | $280,554 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $75,206 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $73,073 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,133 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,133 | TotalRevenueColumnAmt |
| Exclusion | $2,133 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,851,440 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,807,806 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $43,634 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,634 | TotalRevenueColumnAmt |
| Exclusion | $43,634 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $19,034 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $50,957 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $42,746 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$23,712 | TotalRevenueColumnAmt |
| Exclusion | -$23,712 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $3,450 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $1,204 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,246 | TotalRevenueColumnAmt |
| Exclusion | $2,246 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $65,494 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $62,897 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,597 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,597 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| ATHLETIC FACILITY RENTS | 713990 | $255,145 | $255,145 | |
| MISC. INCOME | 900099 | $90,323 | $90,323 | |
| NEXTEL RENTAL | 900002 | $30,715 | $30,715 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $376,183 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,414,586 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,421,174 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $255,145 | UnrelatedBusinessRevenueAmt |
| Exclusion | $304,855 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,551,913 | TotalAmt |
| Program Services | $6,551,913 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $947,336 | TotalAmt |
| Program Services | $38,814 | ProgramServicesAmt |
| Management And General | $631,332 | ManagementAndGeneralAmt |
| Fundraising | $277,190 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,775,886 | TotalAmt |
| Program Services | $10,935,407 | ProgramServicesAmt |
| Management And General | $2,007,771 | ManagementAndGeneralAmt |
| Fundraising | $832,708 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $948,449 | TotalAmt |
| Program Services | $734,173 | ProgramServicesAmt |
| Management And General | $146,857 | ManagementAndGeneralAmt |
| Fundraising | $67,419 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,530,781 | TotalAmt |
| Program Services | $1,149,562 | ProgramServicesAmt |
| Management And General | $259,006 | ManagementAndGeneralAmt |
| Fundraising | $122,213 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,057,323 | TotalAmt |
| Program Services | $793,926 | ProgramServicesAmt |
| Management And General | $186,052 | ManagementAndGeneralAmt |
| Fundraising | $77,345 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,922 | TotalAmt |
| Management And General | $30,922 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,760 | TotalAmt |
| Management And General | $66,760 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,581 | TotalAmt |
| Management And General | $89,581 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,210 | TotalAmt |
| Management And General | $41,210 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,347 | TotalAmt |
| Program Services | $662 | ProgramServicesAmt |
| Management And General | $18,452 | ManagementAndGeneralAmt |
| Fundraising | $233 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,833 | TotalAmt |
| Program Services | $195,624 | ProgramServicesAmt |
| Management And General | $52,167 | ManagementAndGeneralAmt |
| Fundraising | $13,042 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,067 | TotalAmt |
| Program Services | $17,062 | ProgramServicesAmt |
| Management And General | $58,005 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $609,011 | TotalAmt |
| Program Services | $558,741 | ProgramServicesAmt |
| Management And General | $50,270 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,642,514 | TotalAmt |
| Program Services | $2,316,114 | ProgramServicesAmt |
| Management And General | $300,008 | ManagementAndGeneralAmt |
| Fundraising | $26,392 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,081 | TotalAmt |
| Program Services | $174,233 | ProgramServicesAmt |
| Management And General | $62,156 | ManagementAndGeneralAmt |
| Fundraising | $5,692 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LUNCH PROGRAM | $815,846 | $693,469 | $81,585 | $40,792 |
| REPAIRS & MAINTENANCE | $660,493 | $469,651 | $174,831 | $16,011 |
| UTILITIES | $533,869 | $432,933 | $92,468 | $8,468 |
| DEVELOPMENT OFFICE | $348,035 | $348,035 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,398,549 | TotalAmt |
| Program Services | $1,856,071 | ProgramServicesAmt |
| Management And General | $520,686 | ManagementAndGeneralAmt |
| Fundraising | $21,792 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,645,806 | TotalAmt |
| Program Services | $26,918,355 | ProgramServicesAmt |
| Management And General | $4,870,119 | ManagementAndGeneralAmt |
| Fundraising | $1,857,332 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,716,900 | BOYAmt |
| EOY | $14,693,953 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,610,020 | BOYAmt |
| EOY | $1,608,318 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,413,083 | BOYAmt |
| EOY | $5,030,650 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,383 | BOYAmt |
| EOY | $294,428 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,906 | BOYAmt |
| EOY | $127,483 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $566,132 | BOYAmt |
| EOY | $522,104 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $86,115,749 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,020,798 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,983,545 | BOYAmt |
| EOY | $51,094,951 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,427,080 | BOYAmt |
| EOY | $13,506,697 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,962,142 | BOYAmt |
| EOY | $21,150,317 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $526,217 | BOYAmt |
| EOY | $552,598 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,327,408 | BOYAmt |
| EOY | $108,581,499 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,481,405 | BOYAmt |
| EOY | $1,429,418 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,187,173 | BOYAmt |
| EOY | $9,892,992 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,840,000 | BOYAmt |
| EOY | $10,560,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,668,432 | BOYAmt |
| EOY | $10,448,564 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,593,330 | BOYAmt |
| EOY | $3,894,837 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,770,340 | BOYAmt |
| EOY | $36,225,811 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,604,986 | BOYAmt |
| EOY | $52,380,574 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,952,082 | BOYAmt |
| EOY | $19,975,114 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,557,068 | BOYAmt |
| EOY | $72,355,688 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,327,408 | BOYAmt |
| EOY | $108,581,499 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,768,780 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$774,401 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,195,759 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoringInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $403,540 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,940,396 | BeginningYearBalanceAmt |
| Contributions | $837,781 | ContributionsAmt |
| Investment Earnings Or Losses | -$584,594 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$280,811 | OtherExpendituresAmt |
| End Year Balance | $27,474,394 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,246,751 | BeginningYearBalanceAmt |
| Contributions | $2,059,767 | ContributionsAmt |
| Investment Earnings Or Losses | $669,821 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,035,943 | OtherExpendituresAmt |
| End Year Balance | $26,940,396 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,312,829 | BeginningYearBalanceAmt |
| Contributions | $1,934,645 | ContributionsAmt |
| Investment Earnings Or Losses | $998,201 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $998,924 | OtherExpendituresAmt |
| End Year Balance | $25,246,751 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,884,199 | BeginningYearBalanceAmt |
| Contributions | $1,213,975 | ContributionsAmt |
| Investment Earnings Or Losses | $2,250,345 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,035,690 | OtherExpendituresAmt |
| End Year Balance | $23,312,829 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,092,524 | BeginningYearBalanceAmt |
| Contributions | $1,004,103 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,143,300 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,069,128 | OtherExpendituresAmt |
| End Year Balance | $20,884,199 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.49970 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.39050 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.10980 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,355,682 | OtherCostOrOtherBasisAmt |
| Book Value | $2,355,682 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $76,614,684 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,048,907 | DepreciationAmt |
| Book Value | $46,565,777 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,808,079 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,536,284 | DepreciationAmt |
| Book Value | $1,271,795 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,337,304 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,435,607 | DepreciationAmt |
| Book Value | $901,697 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $51,094,951 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MONEY MARKET FUNDS | $254,313 | F |
| FUND OF FUNDS | $2,563,354 | F |
| LIMITED PARTNERSHIPS | $17,794,513 | F |
| CERTIFICATES OF DEPOSIT | $538,137 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $21,150,317 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| FAIR VALUE OF INTEREST RATE SWAP LIABILITY | $3,666,714 |
| OTHER LIABILITIES | $149,058 |
| CAPITAL LEASE OBLIGATION | $79,065 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,894,837 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $31,369,416 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$774,401 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,538 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $173,716 | OtherRevenueAmt |
| Revenue Not Reported | -$599,147 | RevenueNotReportedAmt |
| Revenue Subtotal | $31,968,563 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $89,580 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $6,356,443 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $6,446,023 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $38,414,586 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $27,375,035 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,538 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $173,716 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $175,254 | ExpensesNotReportedAmt |
| Expenses Subtotal | $27,199,781 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $89,582 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $6,356,443 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $6,446,025 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $33,645,806 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | THE SCHOOL HAS INCLUDED IN ITS BALANCE SHEET AS PART OF LAND AND BUILDINGS THE CAPITALIZATION OF CERTIFIED HISTORIC STRUCTURES. |
| PART III, LINE 4: | THE SCHOOL'S RECORDING COLLECTION CONTAINS ONE OF THE MOST EXTENSIVE COLLECTIONS OF OPERA RECORDINGS IN THE UNITED STATES. THESE RECORDINGS, COMBINED WITH THOUSANDS OF OTHER INSTRUMENTAL AND VOCAL RECORDINGS WILL PROVIDE A HISTORICAL AND EDUCATIONAL LISTENING RESOURCE FOR STUDENTS AND FACULTY AT THE RIVERS SCHOOL CONSERVATORY AND THE SCHOOL. THE SCHOOL'S DINOSAUR FOSSIL COLLECTION WILL SERVE AS A HISTORICAL AND SCIENTIFIC RESOURCE AND AS AN EDUCATIONAL EXHIBIT FOR STUDENTS AND FACULTY. THE SCHOOL MAINTAINS A COLLECTION OF HISTORICALLY SIGNIFICANT PHOTOGRAPHS THAT WILL BE DISPLAYED BY THE SCHOOL AND USED BY STUDENTS AND FACULTY AS AN EDUCATIONAL RESOURCE. |
| PART V, LINE 4: | THE ENDOWMENT SUPPORTS THE EDUCATIONAL MISSION OF THE SCHOOL BY PROVIDING SUPPORT FOR FINANCIAL AID FOR STUDENTS, FACULTY RELATED EXPENSES, SCHOOL PROGRAMS, SCHOOL FACILITIES, AS WELL AS GENERAL SUPPORT FOR SCHOOL OPERATIONS. |
| PART X, LINE 2: | THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND THE UNRELATED BUSINESS INCOME GENERATED FROM THE RENTAL OF THE SCHOOL'S CAMPUS FACILITIES AS TAX POSITIONS. HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED ON PART VIII LINE 6B 73,073. COGS REPORTED ON PART VIII LINE 10B 62,897. SPECIAL EVENT EXPENSES INCLUDED IN PART VIII LINE 8B 37,746. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND TUITION REMISSION 6,324,271. PARENT LEAGUE EXPENSES 32,172. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED ON PART VIII LINE 6B 73,073. COGS REPORTED ON PART VIII LINE 10B 62,897. SPECIAL EVENT EXPENSES INCLUDED IN PART VIII LINE 8B 37,746. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND TUITION REMISSION 6,324,271. PARENT LEAGUE EXPENSES 32,172. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | NOTICE OF NON-DISCRIMINATION POLICY AS TO STUDENTS APPEARS ON THE HOMEPAGE OF OUR WEBSITE HOMEPAGE |
| SCHEDULE E, PART I, LINE 6 | THE SCHOOL RECEIVED A GRANT FOR $17,250 FROM THE MASSACHUSETTS CULTURAL COUNCIL TO SUPPORT THE RIVERS SCHOOL CONSERVATORY. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | WASSAIL | Event1Nm |
| Gross Receipts Event1 | $48,208 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $33,879 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $14,329 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $14 | NonCashPrizesEvent1Amt |
| Food And Beverage Event1 | $6,605 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $4,596 | OtherDirectExpensesEvent1Amt |
| Event2 | LATIN MUSIC FESTIVAL | Event2Nm |
| Gross Receipts Event2 | $19,080 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $15,500 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $3,580 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $617 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $8,200 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $4,398 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $67,288 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $49,379 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $17,909 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $14 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $7,222 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $8,200 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,994 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $24,430 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$6,521 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FINANCIAL AID | 127 | $4,785,906 |
| TUITION REMISSION | 32 | $1,542,720 |
| RIVERS CONSERVATORY FINANCIAL AID | 131 | $223,287 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL AWARDS FINANCIAL AID BASED UPON FINANCIAL NEED IN AN OBJECTIVE AND NON-DISCRIMINATORY MANNER. THE SCHOOL MAINTAINS FILES ON EACH SUCCESSFUL CANDIDATE FOR NEED BASED FINANCIAL AID WHICH INCLUDES A COMPLETED "PARENT FINANCIAL STATEMENT"(PFS) PROVIDED BY THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) FORMS AND COPIES OF THE MOST RECENT FILING OF THE PARENTS' 1040 FEDERAL TAX RETURN. THE SCHOOL USES THE INFORMATION PROVIDED BY THE ANALYSIS OF THE PFS BY SSS TO HELP MAKE AWARD DETERMINATIONS. AWARDS ARE ALSO ADJUSTED, AS NECESSARY, TO REFLECT SUPPLEMENTAL INFORMATION PROVIDED BY THE PARENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD V PARSONS | ||||||||||||||
| HEAD OF SCHOOL | $310,022 | $0 | $0 | $0 | $18,718 | $0 | $23,081 | $0 | $133,403 | $0 | $485,224 | $0 | $0 | $0 |
| JONATHAN D WASSERMAN | ||||||||||||||
| DIR FIN & OPER/ASST TREAS | $216,466 | $0 | $0 | $0 | $317 | $0 | $21,611 | $0 | $47,498 | $0 | $285,892 | $0 | $0 | $0 |
| KRISTEN KELLEHER | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $218,342 | $0 | $0 | $0 | $213 | $0 | $15,236 | $0 | $47,496 | $0 | $281,287 | $0 | $0 | $0 |
| MICHAEL KRIS | ||||||||||||||
| HEAD OF MIDDLE SCHOOL | $126,180 | $0 | $0 | $0 | $259 | $0 | $9,359 | $0 | $28,287 | $0 | $164,085 | $0 | $0 | $0 |
| JAMES M LONG | ||||||||||||||
| ASSISTANT HEAD OF SCHOOL | $147,479 | $0 | $0 | $0 | $609 | $0 | $15,758 | $0 | $103,756 | $0 | $267,602 | $0 | $0 | $0 |
| MICHAEL EBNER | ||||||||||||||
| SENIOR ASSOC. DIR. OF ADVA | $130,401 | $0 | $0 | $0 | $1,478 | $0 | $9,560 | $0 | $19,877 | $0 | $161,316 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART I LINE 1A-HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: | FormAndLineReferenceDesc |
| Explanation | AS PART OF HIS DUTIES AS HEAD OF SCHOOL, EDWARD PARSONS IS REQUIRED TO STAY ON CAMPUS IN A SCHOOL OWNED HOUSE. INCLUDED IN MR. PARSONS' SCHEDULE J PART II COLUMN (D) NONTAXABLE BENEFITS IS AN AMOUNT FOR 5% OF THE VALUE OF THE HOUSE. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2012-03-06 | BondIssuedDt |
| Issue Price | $12,485,000 | IssuePriceAmt |
| Purpose | REFUNDING OF BONDS ORIGINALLY ISSUED 5/12/02 AND REFUNDED 8/3/09 | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,925,000 | RetiredAmt |
| Total Proceeds | $12,485,000 | TotalProceedsAmt |
| Substantial Completion | 2003 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITIZENS FINANCIAL | BusinessNameLine1Txt |
| Business Name Line2 | GROUP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | Yes (1) | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV-LINE 2C | COMPUTATION DATE - 8/3/19 REFLECTING ACTIVITY THROUGH 8/3/19 |
| PART IV-LINE 7 | THE SCHOOL HAS WRITTEN PROCEDURES TO MONITOR AND ENSURE COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. |
| PART IV-LINE 3-HEDGE | ON MARCH 6, 2012, THE SCHOOL ENTERED INTO AN INTEREST RATE SWAP AGREEMENT WITH CITIZENS FINANCIAL GROUP FOR THE BONDS LISTED IN PART I TO MANAGE THE INTEREST COST AND VARIABLE RATE RISK ASSOCIATED WITH ITS OUTSTANDING DEBT. THE INTEREST RATE SWAP AGREEMENT WAS NOT ENTERED INTO FOR TRADING OR SPECULATIVE PURPOSES. UNDER THE TERMS OF THE AGREEMENT THE SCHOOL PAYS A FIXED RATE, DETERMINED AT INCEPTION, TO A THIRD PARTY. THE SCHOOL OPENED AN INVESTMENT ACCOUNT WITH THE BROKERAGE DIVISION OF THE ISSUING BANK. THE INVESTMENT ACCOUNT SERVES AS COLLATERAL IN THE EVENT THE MARK TO MARKET VALUE OF THE INTEREST RATE SWAP VALUE DECLINES BELOW A SPECIFIED LEVEL. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|
| $96,420 | TUITION REMISSION | EDUCATION ASSISTANCE |
| $74,897 | FINANCIAL AID | EDUCATION ASSISTANCE |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,054 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 20 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,709,702 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | VALUE AT DONATION DATE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990, ABSENT SCHEDULE B, IS ELECTRONICALLY DISTRIBUTED TO ALL TRUSTEES PRIOR TO THE BOARD OF TRUSTEES MEETING. DUE TO THE CONFIDENTIAL NATURE OF DONOR INFORMATION PROVIDED ON SCHEDULE B, AND SINCE SCHEDULE B IS NOT OPEN TO PUBLIC INSPECTION, THE SCHOOL HAS DECIDED THAT IT WILL NOT DISCLOSE THE DETAILED DONOR INFORMATION PROVIDED ON SCHEDULE B TO MEMBERS OF THE BOARD OF TRUSTEES BEFORE FILING THE RETURN WITH THE IRS. ALL OTHER FORMS AND SCHEDULES THAT ARE ULTIMATELY FILED WITH THE IRS ARE PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW IN ADVANCE OF FILING. THE FORM 990 IS APPROVED BY THE BOARD OF TRUSTEES OR RETURNED FOR ADDITIONAL PREPARATION AND THEN APPROVED PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE SCHOOL ANNUALLY DISTRIBUTES TO ALL TRUSTEES, KEY EMPLOYEES AND OTHER COMMITTEE MEMBERS AN ELECTRONIC CONFLICT OF INTEREST SURVEY/QUESTIONNAIRE. THE RETURNED QUESTIONNAIRES ARE REVIEWED AND COMPILED BY THE SCHOOL'S FINANCIAL OFFICE AND THE RESULTS ARE PRESENTED TO THE SCHOOL'S AUDIT COMMITTEE. ANY ISSUES FOUND THAT THE AUDIT COMMITTEE BELIEVES ARE OF A CONCERN ARE FORWARDED TO THE SCHOOL'S GOVERNANCE COMMITTEE FOR FURTHER ACTION. THE COMPLETED QUESTIONNAIRES ARE MAINTAINED AS PART OF THE SCHOOL'S CORPORATE RECORDS BY THE ASSISTANT CLERK. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD, MAKES UP THE SCHOOL'S COMPENSATION COMMITTEE. THE COMMITTEE RELIES ON COMPARATIVE DATA FROM SURVEYS CONDUCTED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND COMPARABLE DATA PROVIDED BY OTHER SCHOOLS ON THEIR IRS FORM 990 IN SETTING THE SALARY FOR THE HEAD OF SCHOOL. DOCUMENTATION OF THE BASIS OF DETERMINATION OF THE SALARY IS KEPT IN MINUTES PREPARED BY THE FIRST VICE PRESIDENT OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS DELEGATED THE AUTHORIZATION OF THE SALARIES OF ALL EMPLOYEES, INCLUDING KEY EMPLOYEES, TO THE HEAD OF SCHOOL AND IS BASED ON COMPARABLE INFORMATION OBTAINED FROM SOURCES SUCH AS THE IRS FORM 990 OF OTHER SCHOOLS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL RELIES ON THE WEBSITE OF THE MASSACHUSETTS' ATTORNEY GENERAL'S OFFICE OF PUBLIC CHARITIES DIVISION IN ORDER FOR THE PUBLIC TO ACCESS A COPY OF THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AND FORM 990. THE SCHOOL RELIES ON GUIDESTAR TO POST THE FORM 990. THE SCHOOL RELIES ON THE WEBSITE OF THE MASSACHUSETTS' SECRETARY OF STATE'S OFFICE FOR PUBLIC ACCESS TO THE SCHOOL'S GOVERNING DOCUMENTS. THE SCHOOL'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE SCHOOL'S BY-LAWS ARE MADE AVAILABLE ON THE MASSACHUSETTS' ATTORNEY GENERAL'S OFFICE OF PUBLIC CHARITIES DIVISION WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -1,196,059. GAIN ON DISPOSAL OF PROPERTY 300. |
| FORM 990, PART XII, LINE 2C | THE BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE THAT IS COMPRISED OF 4 MEMBERS, THREE OF WHICH ARE TRUSTEES, THAT IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTING FIRM TO CONDUCT THE ANNUAL AUDIT, FOR MEETING WITH THE SELECTED AUDITORS PRIOR TO AND AT THE COMPLETION OF THE AUDIT, AND FOR REVIEWING ACCOUNTING POLICIES AND PROCEDURES. |