2021-05-14T10:52:51-05:00 2020-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2019-07-01 421552247 ST SEBASTIAN SCHOOL FUND INC STSE 7814495200 1191 GREENDALE AVENUE NEEDHAM MA 02492 JAMES L ELCOCK PRESIDENT 7814495200 2021-05-14 1 LYNNE JOHNSON P00757336 6179129000 2019 2022-09-23 18:48:47Z JAMES L ELCOCK 1191 GREENDALE AVENUE NEEDHAM MA 02492 9471169 0 X N/A X 2002 MA SEE SCHEDULE OTHE SIGNIFICANT ACTIVITY OF ST. SEBASTIAN SCHOOL FUND, INC. IS TO SUPPORT THE EDUCATIONAL PURPOSES OF ST. SEBASTIAN'S SCHOOL, INC. BY RECEIVING MONETARY FUNDS AND REAL OR PERSONAL PROPERTY, MANAGING SUCH PROPERTY, AND FROM TIME TO TIME, REMITTING THE INCOME OR GAINS THEREFROM TO ST. SEBASTIAN'S SCHOOL, INC. AND OTHERWISE TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ST. SEBASTIAN'S SCHOOL, INC. (FROM THE ARTICLES OF ORGANIZATION). 10 9 0 50 0 0 8116040 7153271 0 0 959177 1063713 217312 146118 9292529 8363102 18301664 3696895 0 0 0 0 0 0 0 363647 600906 18665311 4297801 -9372782 4065301 62660727 63714846 11031081 7752422 51629646 55962424 X SEE SCHEDULE OTHE SIGNIFICANT ACTIVITY OF ST. SEBASTIAN SCHOOL FUND, INC. IS TO SUPPORT THE EDUCATIONAL PURPOSES OF ST. SEBASTIAN'S SCHOOL, INC. BY RECEIVING MONETARY FUNDS AND REAL OR PERSONAL PROPERTY, MANAGING SUCH PROPERTY, AND FROM TIME TO TIME, REMITTING THE INCOME OR GAINS THEREFROM TO ST. SEBASTIAN'S SCHOOL, INC. AND OTHERWISE TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF ST. SEBASTIAN'S SCHOOL, INC. (FROM THE ARTICLES OF ORGANIZATION). 0 0 3696895 3696895 ST. SEBASTIAN SCHOOL FUND, INC. PROVIDES GENERAL SUPPORT FOR THE OPERATIONS OF ST. SEBASTIAN'S SCHOOL, INC. 3696895 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X JOHN J DOHERTY 7814495200 1191 GREENDALE AVENUE NEEDHAM MA 02492 X X WILLIAM L BURKE TRUSTEE 0.50 1.00 X 0 0 0 REV MICHAEL DREA TRUSTEE 0.50 1.00 X 0 0 0 PATRICK J HEGARTY TRUSTEE 0.50 1.00 X 0 0 0 JOHN L KEEFE TRUSTEE 0.50 1.00 X 0 0 0 JOHN E MCNAMARA TRUSTEE 0.50 1.00 X 0 0 0 MARY SUPPLE TRUSTEE 0.50 1.00 X 0 0 0 KURT STEINKRAUSS TRUSTEE 0.50 1.00 X 0 0 0 JAMES L ELCOCK PRESIDENT 0.50 1.00 X X 0 0 0 DAVID M CALABRO TREASURER 0.50 1.00 X X 0 0 0 KATHY MURPHY CLERK 0.50 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 7153271 1013682 7153271 1077287 1077287 245267 99149 146118 146118 146118 995344 1008918 -13574 -13574 -13574 8363102 0 0 1209831 3696895 3696895 10306 10306 267501 267501 116857 116857 UNCOLLECTABLE ACCOUNTS 172923 172923 MISCELLANEOUS EXPENSE 26708 26708 COMMISSION FEES 6611 6611 4297801 3696895 600906 0 4805542 5052568 8509080 6780133 7435336 279437 7272756 7155899 42073349 44726246 62660727 63714846 36305 26649 10986776 7717773 8000 8000 11031081 7752422 X 21768479 24283074 29861167 31679350 51629646 55962424 62660727 63714846 4065301 267482 -5 0 X 0 1 X 1 0 X X 1 ST SEBASTIAN'S SCHOOL INC 042104921 2 1 3696895 0 1 3696895 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41977218 2813391 1343642 1500000 44634251 38610272 1795919 3015242 1444215 41977218 37223924 1979500 3256848 3850000 38610272 31791798 3470575 3899051 1937500 37223924 30446157 2081676 1129904 1865939 31791798 0.47100 0.42130 0.10770 0 0 6442036 6442036 993300 279437 713863 7155899 SECURITY DEPOSIT 4000 UNEARNED INCOME 4000 8000 X PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO SUPPORT THE SCHOOL AND ITS MISSION OVER THE LONG TERM. GIFTS ARE REPORTED AS EITHER TEMPORARILY OR PERMANETLY RESTRICTED IF THEY ARE RECEIVED WITH DONOR STIPULATIONS THAT LIMIT THE USE OF THE DONATED ASSETS. WHEN A DONOR RESTRICTION EXPIRES, THAT IS, WHEN A STIPULATED TIME RESTRICTION ENDS OR PURPOSE RESTRICTION IS ACCOMPLISHED, TEMPORARILY RESTRICTED NET ASSETS ARE RECLASSIFIED AS UNRESTRICTED NET ASSETS. PART X, LINE 2: THE FUND FOLLOWS FASB ASC 740, "INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FUND RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2020 AND 2019. THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2017. THE FUND WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. 1 ST SEBASTIAN'S SCHOOL INC 1191 GREENDALE AVENUE NEEDHAM MA 02492 042104921 501(C)(3) 3696895 TO SUPPORT EDUCATIONAL PURPOSES OF ST. SEBASTIAN'S SCHOOL, INC. 1 PART I, LINE 2: THE RECORDS ARE MAINTAINED BY ST. SEBASTIAN'S SCHOOL, INC. ALL THE GRANTS ARE NEED BASED. A THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2017-02-13 8593227 SEE PART IV 0 0 0 A 875454 8593227 8593227 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 (F) DESCRIPTION OF PURPOSE: THE FINANCING OR REIMBURSEMENT OF (I) THE DEVELOPMENT AND CONSTRUCTION OF AN ACADEMIC BUILDING TO BE LOCATED AT 1176 GREENDALE AVENUE, NEEDHAM, MA AND THE FURNISHING AND EQUIPPING THEREOF AND (II) THE PAYMENT OF COSTS ISSUING THE BONDS. IN FEBRUARY 2017, THE OUTSTANDING BALANCE OF THE BONDS WERE REISSUED, WITH A NEW INTEREST RATE OF 3.02%. X 31 1013682 FMV 0 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS BASED ON THE NUMBER OF DONORS OF GIFTS RECEIVED. PART I, LINE 32B: ST. SEBASTIAN'S SCHOOL FUND HIRED BROKERS TO SELL STOCK GIFTS. FORM 990, PART VI, SECTION A, LINE 6 ST. SEBASTIAN'S SCHOOL, INC. IS THE SOLE MEMBER OF ST. SEBASTIAN SCHOOL FUND, INC. FORM 990, PART VI, SECTION A, LINE 7A ST. SEBASTIAN'S SCHOOL, INC. IS THE ONLY MEMBER OF THE FUND, INC. AND HAS THE RIGHT TO ELECT DIRECTORS AND OFFICERS OF ST. SEBASTIAN SCHOOL FUND, INC. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS OF ST. SEBASTIAN SCHOOL FUND, INC. REVIEW THE FORM 990 AND THE BOARD RECEIVES A FULL COPY OF THE FINAL FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY WITH ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES BY ANNUALLY SIGNING A CONFLICT OF INTEREST QUESTIONNAIRE. IN THE EVENT OF A CONFLICT, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE MUST RECUSE THEMSELVES OF ANY DECISION-MAKING WITH THE RESPECT TO SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST (EITHER BY MAIL OR IN PERSON AT THE ORGANIZATION'S OFFICE, DEPENDING ON THE FORM OF REQUEST) FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990, WITHOUT SCHEDULE B, IS AVAILABLE VIA THE GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENEREAL'S OFFICE WEBSITE. FORM 990, PART VII, SECTION A: TRUSTEE WILLIAM L. BURKE IS EMPLOYED AS THE HEADMASTER OF THE RELATED ORGANIZATION, ST. SEBASTIAN SCHOOL, INC (THE "SCHOOL"). THE SCHOOL IS NOT REQUIRED TO FILE FORM 990 UNDER A RELIGIOUS GROUP EXEMPTION. THE FUND HAS ELECTED TO EXCLUDE THE REPORTING OF MR. BURKE'S COMPENSATION CONSISTENT WITH THE SCHOOL. ST SEBASTIAN'S SCHOOL INC 1191 GREENDALE AVENUE NEEDHAM MA 02492 042104921 EDUCATION MA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ST SEBASTIAN SCHOOL B 3696895 CASH