2021-01-12T07:30:33-06:00 2020-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2019-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 WALTER SCHAEFFLER CFO 6035361748 2021-01-11 1 ORESTE J MOSCA P00366101 6032245357 2021-01-05 2019 2022-09-23 18:48:47Z WALTER SCHAEFFLER CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 35901776 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12. 25 25 227 28 0 0 11726867 10203838 18111915 18691578 1292173 1277242 -3857 0 31127098 30172658 3833006 4697252 0 0 10738818 11201835 0 0 2004717 7351633 7325313 21923457 23224400 9203641 6948258 119237443 127425386 14387134 15670605 104850309 111754781 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 18371138 4697252 18691578 LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 280. 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.DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 18371138 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 0 0 0 0 0 0 0 0 1 108 1 1 227 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 MR ANDREW DAVIS MEMBER OF BOARD 2.00 X 0 0 0 MR HARRY SHEEHY MEMBER OF BOARD 2.00 X 0 0 0 MR CHRIS KEATING SECRETARY 2.00 X X 0 0 0 MR KEVIN MATTINGLY MEMBER OF BOARD 2.00 X 0 0 0 MR A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 MS NELL REYNOLDS CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 MS TRACY GILLETTE MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 MR ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 MR RICHARD VIEIRA MEMBER OF BOARD 2.00 X 0 0 0 MR SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 MS CAROLYN CULLEN MEMBER OF BOARD 2.00 X 0 0 0 MR SANDEEP ALVA MEMBER OF BOARD 2.00 X 0 0 0 MR ALEX MACCORMICK MEMBER OF BOARD 2.00 X 0 0 0 MR BOB CUNHA TREASURER 3.00 X X 0 0 0 MS KATIE CRUMBO MEMBER OF BOARD 2.00 X 0 0 0 MR CHRIS DAVENPORT MEMBER OF BOARD 2.00 X 0 0 0 MR PAUL JOHN FERRI MEMBER OF BOARD 2.00 X 0 0 0 MR MATT STOREY MEMBER OF BOARD 2.00 X 0 0 0 MR 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 MR PETER HENDEL FORMER BUSINESS MANAGER 60.00 X 144755 0 19449 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 60.00 X 73652 0 13158 MR R PHILLIP PECK HEAD OF SCHOOL 60.00 X 326057 0 198871 MS KATHLEEN KIME MAJOR GIFTS OFFICER 40.00 X 119602 0 11609 MR TOBI PFENNINGER ASSOC HEAD OF SCHOOL 40.00 X 136869 0 13333 MS MARGOT RILEY CHIEF OPERATING OFFICER 40.00 X 144732 0 22827 MR DAVID FLYNN DIR. OF ADMISSIONS 40.00 X 115149 0 32498 MR MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 40.00 X 163093 0 36852 1223909 0 348597 7 0 1 0 FRANCONIA SKI CLUB PO BOX 462 FRANCONIA NH 03580 COACHING AND GIFT TRANSFER 1154869 KNOWER ACADEMICS 85 MAIN STREET PLYMOUTH NH 03264 TUTORING 235271 2 10203838 137247 10203838 TUITION AND FEES 900099 17357200 17357200 SUMMER PROGRAM REVENUE 900099 685509 685509 SCHOOL ACTIVITY REVENUE 900099 648869 648869 18691578 782913 782913 6222890 557 5729118 0 493772 557 494329 494329 30172658 18691578 0 1277242 X 4697252 4697252 724125 532032 192093 7739271 5395567 1244747 1098957 582230 415228 89389 77613 1586568 1089275 274126 223167 569641 404680 93553 71408 38510 38510 55960 55960 361367 361367 179244 34056 72591 72597 215618 60436 29480 125702 418310 389697 22589 6024 1703277 1586769 91980 24528 235114 83509 50987 100618 30906 6181 23180 1545 214537 198232 12872 3433 1815620 1677633 108937 29050 RESIDENTIAL SERVICES 508304 508304 SUPPLIES 397419 141160 86184 170075 ATHLETICS 338661 338661 BAD DEBT 281116 281116 531350 531350 23224400 18371138 2848545 2004717 700 700 13662520 15911779 12180439 11108740 93703 38601 118544 125308 233148 332852 68734897 25129363 35703679 43605534 54576365 53795889 2668345 2505983 119237443 127425386 1279163 2217671 4902448 3593836 8125523 7694398 2004700 80000 160000 14387134 15670605 X 43118899 51557282 61731410 60197499 104850309 111754781 119237443 127425386 X 6948258 118576 -162362 X X 0 1 X 1 0 X 5937625 4336901 11456428 11726867 10203838 43661659 5937625 4336901 11456428 11726867 10203838 43661659 16098390 27563269 873668 1009852 861945 798401 782913 4326779 47988438 76757967 0.57440 0.57020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54922507 244613 809570 968558 902774 163562 53941796 54684726 251810 1863341 973086 650323 253961 54922507 52151345 382637 3941292 936583 628262 225703 54684726 47275286 1140839 5592680 980418 648672 228370 52151345 47424440 3470974 -1706136 1022720 679450 211822 47275286 0.23460 0.56140 0.20400 0 0 1446004 1446004 52444551 20952737 31491814 4964762 4176626 788136 9879580 9879580 43605534 DEFERRED COMPENSATION 160000 160000 X 24890157 118576 -342458 -223882 25114039 361367 4697252 5058619 30172658 17985685 0 17985685 361367 4877348 5238715 23224400 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT-INTEREST AGREEMENTS -162,362. CHANGE IN BAD DEBT EXPENSE -180,096. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,697,252. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,697,252. CHANGE IN BAD DEBT EXPENSE 180,096. 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 116 3993950 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 MR PETER HENDEL FORMER BUSINESS MANAGER 144755 0 0 0 0 0 12785 0 6664 0 164204 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 326057 0 0 0 0 0 183786 0 15085 0 524928 0 0 0 MR TOBI PFENNINGER ASSOC HEAD OF SCHOOL 136869 0 0 0 0 0 12405 0 928 0 150202 0 0 0 MS MARGOT RILEY CHIEF OPERATING OFFICER 144732 0 0 0 0 0 13124 0 9703 0 167559 0 0 0 MR MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 163093 0 0 0 0 0 16032 0 20820 0 199945 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER 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 21850 EMPLOYMENT FOR THE ORGANIZATION'S TAX YEAR 0 ROBERT KINSLEY MEMBER OF THE BOARD 408129 LARGE CONSTRUCTION CONTRACT TOTALING $941,670 OVER THE COURSE OF THE PROJECT WITH AN ADDITIONAL $333,694 IN EXPENSES THIS YEAR. 0 X 19 135211 FMV ON DONATION DATE X FITNESS EQUIPMENT 1 1948 FMV ON DONATION DATE X OFFICE SUPPLIES 2 88 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 212,077. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,077. GRC: PROGRAM SERVICE EXPENSES 145,298. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,298. STUDENT RELATED: PROGRAM SERVICE EXPENSES 145,015. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,015. COURSE RELATED: PROGRAM SERVICE EXPENSES 28,960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,960. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -162,362. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR.