2021-05-13T16:33:18-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 29 S MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2019-07-01 042103563 TRUSTEES OF DEERFIELD ACADEMY TRUS 4137740241 PO BOX 87 DEERFIELD MA 013420087 KEITH FINAN ASSOC. HEAD OF SCHOOL & CFO 4137740241 2021-04-23 1 JOHN TOSCANO P00358542 8605614000 2021-04-23 2019 2022-09-23 18:48:47Z KEITH FINAN PO BOX 87 DEERFIELD MA 013420087 208590689 0 X WWW.DEERFIELD.EDU X 1797 MA DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 26 23 679 441 57802 717247 18154289 20154510 39639534 38974078 25093384 27407423 720739 483986 83607946 87019997 12423776 11782164 0 0 33578969 34227932 0 0 5217361 24778790 26481604 70781535 72491700 12826411 14528297 983624901 1009854595 89775545 84667233 893849356 925187362 X DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 0 0 55061503 11782164 39346333 DURING THE 2019-2020 ACADEMIC YEAR, 571 BOARDING AND 84 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION (GRADES 9-12) INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION. 55061503 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 252 0 1 679 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 23 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X GREG ROLLAND CONTROLLER 4137741412 DEERFIELD ACADEMY DEERFIELD MA 013420087 CURTIS MARGARITA FORMER HEAD OF SCHOOL/TRUSTEE 60.00 X 922968 0 47836 AUSTIN JOHN HEAD OF SCHOOL/TRUSTEE 60.00 X X 431368 0 72000 FINAN KEITH CHIEF FINANCIAL OFFICER 60.00 X 325845 0 58453 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 60.00 X 277418 0 50790 TAYLOR JOHN DEAN OF FACULTY 60.00 X 221623 0 89474 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 60.00 X 164157 0 96988 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 60.00 X 159240 0 89408 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 60.00 X 165585 0 73189 SHELBURNE ERIKA DIRECTOR OF INTERNATIONAL ADVANCEMENT 60.00 X 191516 0 32846 MOORE RACHEL DIRECTOR OF LEADERSHIP GIFTS 60.00 X 157803 0 34753 SIMMONS BRIAN PRESIDENT 8.00 X X 0 0 0 GOVI LEILA VICE PRESIDENT 5.00 X X 0 0 0 WRIGHT VICTOR SECRETARY 3.00 X X 0 0 0 RUTH ALICE TREASURER 2.00 X X 0 0 0 CLARK BENJAMIN TRUSTEE 2.00 X 0 0 0 DOWLING JOSEPH TRUSTEE 2.00 X 0 0 0 EDWIN ANNA TRUSTEE 2.00 X 0 0 0 FLEMING GREGORY TRUSTEE 2.00 X 0 0 0 GREENHILL JOSHUA TRUSTEE 2.00 X 0 0 0 GREER PHILIP TRUSTEE 2.00 X 0 0 0 HARSCH AMY TRUSTEE 2.00 X 0 0 0 KOCH DAVID TRUSTEE (UNTIL 8/2019) 2.00 X 0 0 0 KUO STANFORD TRUSTEE 2.00 X 0 0 0 LAVELY VANESSA TRUSTEE 2.00 X 0 0 0 LEIST ELIZABETH TRUSTEE 2.00 X 0 0 0 MCINERNEY MARK TRUSTEE 2.00 X 0 0 0 MOSLEY DANIEL TRUSTEE 2.00 X 0 0 0 NEWTON DIANA TRUSTEE 2.00 X 0 0 0 PARKER C ALLEN TRUSTEE 2.00 X 0 0 0 QUAZZO STEPHEN TRUSTEE 2.00 X 0 0 0 ROBERTS JANICE TRUSTEE 2.00 X 0 0 0 ROCKEFELLER MARK TRUSTEE 2.00 X 0 0 0 STEIN ELLEN TRUSTEE 2.00 X 0 0 0 ULLYOT THEODORE TRUSTEE 2.00 X 0 0 0 WACHSMAN RODOLFO TRUSTEE 2.00 X 0 0 0 WEYMOUTH ELIZABETH TRUSTEE 2.00 X 0 0 0 3017523 0 645737 25 1 1 0 CALLAHAN PAINTING 8A HARKNESS ROAD PELHAM MA 01002 PAINTING & RESTORATION 353475 BOOMERANG STORAGE LLC 4 OPEN SQUARE WAY SUITE 110 HOLYOKE MA 01040 MOVING & STORAGE 327110 JOHN W GRAVES 390 BALD MOUNTAIN ROAD BERNARDSTON MA 01337 ELECTRICAL 238672 DENNIS BOOSKA 169 AVENUE A TURNER FALLS MA 01376 FLOORING 152730 JOHN MOORE PAINTING 785 WENDELL ROAD SHUTESBURY MA 01072 PAINTING & RESTORATION 126607 8 20154510 6155670 20154510 TUITION AND FEES 611710 37661420 37661420 SUMMER EDUCATION 611710 852732 852732 AUXILIARY PROGRAMS 611710 459926 459926 38974078 2925073 -1577808 4502881 144162924 1559569 121240143 0 22922781 1559569 24482350 1559569 22922781 702804 330549 372255 372255 OTHER REVENUE 900099 47911 64115 -16204 SUMMER SPORTS CAMPS 713940 37543 37543 OUTSIDE FUNCTION REVENUE 900099 26277 11926 14351 111731 87019997 39346333 57802 27461352 232637 232637 11549527 11549527 989890 151239 588334 250317 104264 19946 84318 23647709 16996062 4160094 2491553 2382782 1717227 421192 244363 5332040 3574364 1130056 627620 1771247 1253169 323602 194476 95608 95608 74758 74758 735616 735616 394920 164514 129029 101377 66358 8176 30928 27254 948089 434048 382248 131793 950482 772128 141742 36612 3347621 3150447 164033 33141 584125 294678 117278 172169 228014 129445 85386 13183 2588747 2588747 8441730 7944512 413645 83573 728065 728065 FOOD 1005785 838073 12754 154958 EQUIPMENT 827513 582483 163723 81307 COVID RESPONSE 666500 566470 86712 13318 TEXTBOOKS 372830 371683 919 228 4424843 1721928 2227114 475801 72491700 55061503 12212836 5217361 12110 33087 13681121 21611611 55715226 41902387 206270 417107 329877 389057 1300012 1998380 350794735 80008598 271484227 270786137 307207067 273203254 332818132 392994069 870859 6519506 983624901 1009854595 7878591 5503112 4583274 3574255 48994037 47416689 25000000 25000000 3319643 3173177 89775545 84667233 X 358767242 380909725 535082114 544277637 893849356 925187362 983624901 1009854595 X 14528297 21035016 -4225307 X 0 1 X 1 0 X 5324098 22354964 34636830 18154289 20154510 100624691 5324098 22354964 34636830 18154289 20154510 100624691 25400827 75223864 1654472 1667402 2362622 3188264 4502881 13375641 365904 261233 2776517 4711 27622 3435987 1350077 1224436 1238311 1211562 35690 5060076 122496395 190978993 0.61410 0.71960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2015 AMOUNT: $ 125,407. 2016 AMOUNT: $ 89,472. 2017 AMOUNT: $ 137,432. 2018 AMOUNT: $ 121,820. 2019 AMOUNT: $ -16,204. OUTSIDE FUNCTION REVENUE - 2015 AMOUNT: $ 22,970. 2016 AMOUNT: $ 18,543. 2017 AMOUNT: $ 14,845. 2018 AMOUNT: $ 16,642. 2019 AMOUNT: $ 14,351. SALES OF INVENTORY - 2015 AMOUNT: $ 1,058,542. 2016 AMOUNT: $ 986,098. 2017 AMOUNT: $ 987,053. 2018 AMOUNT: $ 1,039,104. 2019 AMOUNT: $ 0. SUMMER SPORTS CAMP - 2015 AMOUNT: $ 143,158. 2016 AMOUNT: $ 130,323. 2017 AMOUNT: $ 98,981. 2018 AMOUNT: $ 33,996. 2019 AMOUNT: $ 37,543. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X EDUCATION 0 603352392 7573791 46050201 8926394 15720056 632329934 595378477 6564194 24410447 8241481 14759245 603352392 569543991 8181268 60065227 7566898 34845111 595378477 503540868 7014018 79008835 6977497 13042233 569543991 550133512 -6674183 -21305021 6299438 12314002 503540868 0.27000 0.73000 0.00000 1 0 5068626 5068626 311811470 59909833 251901637 23338562 14097699 9240863 10576077 6001066 4575011 270786137 HEDGE FUNDS 200858593 F ALTERNATIVE ASSETS 156149990 F CASH AND CASH EQUIVALENTS 35985486 F 392994069 LIFE INCOME OBLIGATIONS 3173177 3173177 90656284 21035016 330549 21365565 69290719 735616 16993662 17729278 87019997 59318278 330549 330549 58987729 735616 12768355 13503971 72491700 PART III, LINE 1A: CONTRIBUTIONS OF ASSETS OTHER THAN CASH ARE RECORDED AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF GIFT EXCEPT THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED. PART III, LINE 4: DEERFIELD ACADEMY MAINTAINS A COLLECTION OF ART AND HISTORICAL ITEMS FOR USE IN ITS ADVANCEMENT OF STUDENT EDUCATION AND AS A RESOURCE FOR THE STUDY AND EXPLORATION OF ART, HISTORY, CULTURE, CURRENT AFFAIRS, AESTHETICS, AND MEDIA. PART V, LINE 4: ENDOWMENT FUNDS ARE FOR FINANCIAL AID, FACULTY SALARIES, PROFESSIONAL DEVELOPMENT, GENERAL OPERATIONS, AND OTHER. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 330,549. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 12,240,025. UBIT REFUND 528,330. INCREASE IN PLEDGE RESERVES 4,225,307. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 330,549. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 12,240,025. UBIT REFUND 528,330. 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 NONDISCRIMINATION STATEMENT IS AVAILABLE ON OUR WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 292134641 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 10430171 NORTH AMERICA 0 0 INVESTMENTS 179884 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 RECRUITMENT & DEVELOPMENT 17337 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 RECRUITMENT & DEVELOPMENT 59453 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 36860 CENTRAL AMERICA AND THE CARIBBEAN 0 0 RECRUITMENT & DEVELOPMENT 908 0 0 0 0 0 0 302859254 0 302859254 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 TOWN OF DEERFIELD 501(C)(3) 158500 CHARITABLE UNITED WAY OF FRANKLIN COUNTY 042212894 501(C)(3) 16110 CHARITABLE DEERFIELD AREA FIRE PROTECTION DISTRICT 501(C)(4) 23117 CHARITABLE SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW 833210345 501(C)(3) 0 13938 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY 042491950 501(C)(3) 10000 1688 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE 4 1 SCHOLARSHIPS 243 11304940 CASH VALUE TUITION & FEES OTHER STUDENT SUPPORT 83 244587 CASH VALUE OTHER STUDENT SUPPORT PART I, LINE 2: GRANTS ARE NEEDS-BASED FINANCIAL AID AND ARE PROVIDED VIA A REDUCTION IN TUITION. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 CURTIS MARGARITA FORMER HEAD OF SCHOOL/TRUSTEE 335277 0 0 0 587691 0 15000 0 32836 0 970804 0 577000 0 AUSTIN JOHN HEAD OF SCHOOL/TRUSTEE 418858 0 0 0 12510 0 35757 0 36243 0 503368 0 0 0 FINAN KEITH CHIEF FINANCIAL OFFICER 307095 0 0 0 18750 0 36583 0 21870 0 384298 0 0 0 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 277418 0 0 0 0 0 36376 0 14414 0 328208 0 0 0 TAYLOR JOHN DEAN OF FACULTY 206123 0 0 0 15500 0 28958 0 60516 0 311097 0 0 0 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 154857 0 0 0 9300 0 20903 0 76085 0 261145 0 0 0 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 158040 0 0 0 1200 0 20747 0 68661 0 248648 0 0 0 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 163185 0 0 0 2400 0 21962 0 51227 0 238774 0 0 0 SHELBURNE ERIKA DIRECTOR OF INTERNATIONAL ADVANCEMEN 178016 0 0 0 13500 0 24410 0 8436 0 224362 0 0 0 MOORE RACHEL DIRECTOR OF LEADERSHIP GIFTS 157803 0 0 0 0 0 19938 0 14815 0 192556 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS ALLOWED FOR INTERNATIONAL TRIPS ONLY. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE HEAD OF SCHOOL AND SPOUSE, TO ASSIST THEM IN FULFILLING THEIR RESPONSIBILITIES AND DUTIES TO THE ACADEMY. THESE POLICIES ARE IN WRITING. EMPLOYEES WHO ARE PROVIDED HOUSING ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THESE HOMES ARE AVAILABLE FOR HOUSING VISITORS AND FOR OTHER USES DURING SCHOOL SPONSORED EVENTS. PART I, LINE 4B MARGARITA O'BYRNE CURTIS PARTICIPATED IN A 457(F) PLAN WHICH WAS PAID OUT IN FULL DURING THE CALENDAR YEAR AND INCLUDED IN PART II, COLUMNS B(III) AND (F). JOHN AUSTIN PARTICIPATES IN A 457(F) PLAN. A MA DEVELOPMENT FINANCE AGENCY 043431814 57583R3N3 2010-11-10 42925825 TO REFUND PRIOR ISSUES DATED 11/1/1997, 6/26/2003, & 7/16/2008. 0 0 0 B MA DEVELOPMENT FINANCE AGENCY 043431814 2013-05-02 15000000 TO EXPAND AND RENOVATE THE FINE ARTS BUILDING 0 0 0 A 42925825 40506 42328508 556811 2010 1 1 1 1 B 9000000 15000000 107600 14892400 2014 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 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/10/2016 VARIOUS TRUSTEE MEMBER 50000 FINANCIAL AID TUITION ELIZABETH DICKSON SIBLING OF TRUSTEE MEMBER 84318 TOTAL COMPENSATION AND BENEFITSDIRECTOR OF THE ANNUAL FUND 0 LORI CLARK SPOUSE OF TRUSTEE MEMBER 19946 TOTAL COMPENSATION AND BENEFITSVIS. & PERF. ARTS TEACHER 0 X 70 6151438 MARKET VALUE X 1 4232 COST 0 1 0 PART I, COLUMN (B): THE UNITS SHOWN ARE THE NUMBER OF SEPARATE STOCK DONATIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 7A EXISTING BOARD MEMBERS VOTE IN NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THIS 2019 FORM 990 WERE SENT TO THE AUDIT COMMITTEE AND THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER, WHICH REPRESENTS APPROXIMATELY 30% OF THE ENTIRE BOARD. PRIOR TO FILING, A MEETING WITH THE AUDIT COMMITTEE MEMBERS AND MANAGEMENT TOOK PLACE IN ORDER TO REVIEW THE RETURN AND ANSWER ALL QUESTIONS. THIS FORM 990, EXCLUDING SCHEDULE B, SCHEDULE OF CONTRIBUTORS, WAS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS PROHIBIT A TRUSTEE FROM VOTING, APPROVING, OR MAKING A RECOMMENDATION REGARDING A TRANSACTION BETWEEN THE ACADEMY AND AN ENTITY IN WHICH THE INDIVIDUAL OR A MEMBER OF HIS OR HER FAMILY HAS AN OWNERSHIP INTEREST. MANAGEMENT ANNUALLY REVIEWS CONFLICT OF INTEREST QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH POLICY. FORM 990, PART VI, SECTION B, LINE 15A DEERFIELD ACADEMY'S BOARD OF TRUSTEES OVERSEES THE COMPENSATION OF THE ACADEMY'S TOP MANAGEMENT OFFICIALS. HEAD OF SCHOOL - THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR THE POSITION OF HEAD OF SCHOOL TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. MINUTES OF THE PERSONNEL & COMPENSATION COMMITTEE MEETING ARE MAINTAINED DOCUMENTING THE DISCUSSIONS REGARDING THE COMPENSATION SETTING FOR THE HEAD OF SCHOOL. SENIOR STAFF - THE HEAD OF SCHOOL REVIEWS, IN CONJUNCTION WITH THE PRESIDENT OF THE BOARD, SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR OTHER TOP MANAGEMENT OFFICIALS, TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN PLEDGE RESERVES -4,225,307.