2021-02-25T11:53:08-06:00 2020-06-30 263753134 CBIZ MHM LLC ONE CITIZENS PLAZA 9TH FLOOR PROVIDENCE RI 02903 990 2019-07-01 042103628 SHADY HILL SCHOOL SHAD 6175205260 178 COOLIDGE HILL CAMBRIDGE MA 02138 MAUREEN NUNEZ CFO & COO 6175205216 2021-02-25 1 JOHN T WILMOT P00095129 4016263200 2021-02-25 2019 2022-09-23 18:48:47Z MARK STANEK 178 COOLIDGE HILL CAMBRIDGE MA 02138 39563387 0 X WWW.SHS.ORG X 1915 MA SHADY HILL SCHOOL IS A PRIVATE, PRE-K THROUGH GRADE 8, CO-EDUCATIONAL DAY SCHOOL LOCATED ON 11 ACRES IN CAMBRIDGE, MASSACHUSETTS. THE CAMPUS CONTAINS ACADEMIC, ATHLETIC AND ADMINISTRATION BUILDINGS INCLUDING A NEW STEAM BUILDING AND MAKERSPACE IN ADDITION TO PLAYGROUNDS AND PLAYING FIELDS. TOTAL ENROLLMENT IS APPROXIMATELY 520 STUDENTS.SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE.THE SCHOOL KNOWS AND HONORS THE INDIVIDUAL CHARACTER AND SPIRIT OF EACH CHILD, RESPECTS THE PACE OF CHILDHOOD AND UNDERSTANDS THAT TRUE EXPLORATION TAKES TIME, CREATES A SAFE ENVIRONMENT THAT ALLOWS CHILDREN TO BE CURIOUS, TAKE RISKS AND MAKE MISTAKES, CHALLENGES PREJUDICE AND RESPECTS DIFFERENCES. 20 17 272 100 134140 126976 2936744 3009530 20208757 21290303 1634570 695211 216053 218575 24996124 25213619 2844855 3048901 0 0 12812614 13152399 0 0 883445 8599731 8834691 24257200 25035991 738924 177628 111104639 112818120 31651947 30531684 79452692 82286436 X SEE MISSION STATEMENT ON SCHEDULE O. 0 0 18315916 2632588 20158470 INSTRUCTIONAL - SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE. 921212 355313 973950 AFTER SCHOOL & SUMMER CAMP PROGRAMS - THE GOAL OF THE AFTER SCHOOL PROGRAM IS TO PROVIDE A RELAXED, SAFE, NURTURING, AND DYNAMIC NEIGHBORHOOD SETTING FOR CHILDREN ONCE THEIR DAY ENDS. WE AIM TO PROVIDE A STIMULATING AND FUN ENVIRONMENT IN WHICH CHILDREN CAN EXPLORE THEIR OWN UNIQUE IMAGINATIONS, DEVELOP FRIENDSHIPS AND TEST THEIR ABILITIES. THE PROGRAM IS PLANNED WITH THE FLEXIBILITY TO MAKE ROOM FOR CHILDREN TO INITIATE AND INVENT THEIR OWN GAMES AND PROJECTS. ADDITIONALLY, WE OFFER A QUIET AND SUPPORTIVE SPACE FOR STUDENTS TO WORK ON THEIR HOMEWORK.OUR SUMMER CAMP PHILOSOPHY IS IN KEEPING WITH THE SCHOOL'S MISSION TO CREATE A COMMUNITY OF ACCEPTANCE. WE GIVE INDIVIDUAL ATTENTION AND ENCOURAGE CAMPERS TO DEVELOP A PASSION FOR LIFE THROUGH PLAYTIME, EXPLORATION AND THE BUSINESS OF MAKING FRIENDS. WE UNDERSTAND THE WONDERFUL OPPORTUNITY THAT THE SUMMER PROVIDES FOR LEARNING AND FUN. 478287 61000 160150 TEACHER TRAINING CENTER (TTC)- THE CENTER PROVIDES ASPIRING TEACHERS WITH WELL-GUIDED EXPERIENCES IN PRE-K THROUGH EIGHTH GRADE CLASSROOMS WHERE PRACTICE MERGED WITH THEORY IS PARAMOUNT. IMMERSION IN THE CLASSROOM WHILE STUDYING AND WORKING ALONGSIDE A TALENTED MENTOR IS THE BEST WAY TO LEARN HOW TO TEACH. IN THIS ONE-YEAR, SITE-BASED PREPARATION PROGRAM, APPRENTICE TEACHERS DISCOVER WHAT TEACHING IS ALL ABOUT THROUGH OBSERVATION, SUPERVISED TEACHING, WORKSHOPS, SEMINARS, AND CONTINUOUS INVOLVEMENT IN THE LIFE OF THE SCHOOL. 19715415 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 1 272 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X MAUREEN NUNEZ 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 HILARY JOHNSTON BOARD CHAIR 5.00 X X 0 0 0 BOB CROWLEY TREASURER 5.00 X X 0 0 0 CARITA ANDERSON TRUSTEE 2.00 X 0 0 0 DAVID BREWSTER TRUSTEE 2.00 X 0 0 0 HOLLY EDMONDS SECRETARY; ADMISSIONS SCREEN 50.00 X X 4125 0 0 HOLLY AMBLER TRUSTEE 2.00 X 0 0 0 KAFI GARRUS TRUSTEE 2.00 X 0 0 0 ROBIN WALKER TRUSTEE 2.00 X 0 0 0 KATHERINE HUGHES TRUSTEE; NEXT SCHOOLS ADV 50.00 X 87154 0 8709 ANGELA GARCIA TRUSTEE 2.00 X 0 0 0 CHRIS LEE TRUSTEE 2.00 X 0 0 0 TED KILLORY TRUSTEE 2.00 X 0 0 0 JEITA DENG TRUSTEE 2.00 X 0 0 0 FRANCINE ROSENZWEIG TRUSTEE 2.00 X 0 0 0 DEVEREAUX MCCLATCHEY TRUSTEE 2.00 X 0 0 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 50.00 X X 466129 0 43181 MATT OGDEN TRUSTEE 2.00 X 0 0 0 KIP BROWN TRUSTEE 2.00 X 0 0 0 BETSY LEAHY TRUSTEE; GRADE III GRADEHEAD 2.00 X 95368 0 19545 MELISSA MCGAUGHEY TRUSTEE 2.00 X 0 0 0 MAUREEN NUNEZ CFO & COO 50.00 X 226582 0 17008 PAMELA DICKENSON DIRECTOR OF EXTERNAL RELATIONS 2.00 X 165394 0 33330 KRISTA DEMAS MIDDLE SCHOOL DIVISION HEA 50.00 X 132493 0 45787 DESIREE HUMPHRIES-IVEY DIRECTOR OF TEACHER TRAINI 50.00 X 121519 0 30995 VINCENT QUIRK CONTROLLER 50.00 X 126908 0 36793 SERENA GIFFORD LOWER SCHOOL DIV HEAD 50.00 X 136634 0 37432 1562306 0 272780 7 0 1 0 ECK MACNEELY ARCHITECTS INC 560 HARRISON AVE SUITE 430 BOSTON MA 02118 ARCHITECTURAL SERVICES 380812 1 3009530 73255 3009530 TUITION AND FEES 900099 19481475 19481475 AFTER SCHOOL & SUMMER CAMP PROGRA 900099 973950 973950 OTHER PROGRAMS 900099 834878 834878 21290303 595082 134140 460942 182944 17015 165929 165929 165929 14394141 12090 14306102 0 88039 12090 100129 100129 77030 26651 50379 50379 MISCELLANEOUS INCOME 523000 2267 2267 2267 25213619 21292570 134140 777379 3048901 3048901 1227682 394652 620892 212138 9063943 7538612 1243365 281966 710401 614241 78788 17372 1338094 1035758 217141 85195 812279 667086 117035 28158 51163 51163 72928 72928 364241 364241 4866 3972 894 2272 2272 2341313 1583800 612475 145038 562969 546857 16112 1954848 1474820 445163 34865 678957 678957 2100122 1579292 483028 37802 165205 124196 38057 2952 FEDERAL & STATE UNRELAT 2749 2749 LUNCHROOM 167594 153517 13408 669 BOND EXPENSE 104045 104045 FACULTY DEVELOPMENT 76901 76901 184518 91508 72726 20284 25035991 19715415 4437131 883445 400 400 10607300 12212233 783911 647404 73362 27692 280331 175294 67453634 23615525 44557119 43838109 54795377 55916988 6839 0 111104639 112818120 2766595 2884035 6088524 5563879 22280000 21640000 516828 443770 31651947 30531684 X 64887788 67123225 14564904 15163211 79452692 82286436 111104639 112818120 177628 2656116 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55097632 470485 2953822 2130167 56391772 54244043 226126 2653575 2026112 55097632 51235179 456572 4646403 2094111 54244043 45668021 1578664 6059901 2071407 51235179 47573241 1530930 -1414792 2021358 45668021 0.81570 0.10490 0.07940 0 0 57698 57698 59320721 18084971 41235750 5588432 4361599 1226833 2486783 1168955 1317828 43838109 NON PUBLICALLY TRADED INVESTMENT FUNDS 54281897 F OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE 1635091 C 55916988 PROVISION FOR UNEMP COMP 62669 DEFERRED RENTAL INCOME 339964 CHARITABLE GIFT ANNUITIES 9805 OTHER LIABILITIES 21527 SPLIT INTEREST AGREEMENT 9805 443770 X 24817629 2656116 2656116 22161513 3052106 3052106 25213619 21983885 0 21983885 3052106 3052106 25035991 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 AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES 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 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS INDIRECT EXPENSES 3,205. FINANCIAL AID 3,048,901. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS INDIRECT EXPENSES 3,205. FINANCIAL AID 3,048,901. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE AND OTHER LOCAL NEWSPAPERS. SHADY HILL FAIR 77030 77030 5308 7791 13552 77030 77030 5308 7791 13552 26651 50379 1 FINANCIAL AID 101 2471385 NEED-BASED FINANCIAL AID TO STUDENTS - TUITION FINANCIAL AID 101 577516 NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 466129 0 0 0 0 0 23000 0 20181 0 509310 0 0 0 MAUREEN NUNEZ CFO & COO 226582 0 0 0 0 0 15821 0 1187 0 243590 0 0 0 PAMELA DICKENSON DIRECTOR OF EXTERNAL RELATIONS 165394 0 0 0 0 0 8871 0 24459 0 198724 0 0 0 KRISTA DEMAS MIDDLE SCHOOL DIVISION HEA 132493 0 0 0 0 0 11173 0 34614 0 178280 0 0 0 DESIREE HUMPHRIES-IVEY DIRECTOR OF TEACHER TRAINI 121519 0 0 0 0 0 11399 0 19596 0 152514 0 0 0 VINCENT QUIRK CONTROLLER 126908 0 0 0 0 0 12553 0 24240 0 163701 0 0 0 SERENA GIFFORD LOWER SCHOOL DIV HEAD 136634 0 0 0 0 0 13186 0 24246 0 174066 0 0 0 PART I, LINE 1A THE DIRECTOR OF THE SCHOOL IS PROVIDED A HOUSING STIPEND AND A VEHICLE, OF WHICH THE STIPEND AMOUNT AND THE VALUE OF ANY PERSONAL USE OF THIS VEHICLE ARE ADDED TO HIS FORM W-2. SCHEDULE J, PART II, COLUMN (D) FOR HEAD OF SCHOOL, MARK STANEK, THE NONTAXABLE BENEFITS OF $20,181 INCLUDE HEALTH/LIFE INSURANCES. FOR CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER, MAUREEN NUNEZ, THE NONTAXABLE BENEFITS OF $1,187 INCLUDE HEALTH/LIFE INSURANCES. FOR DIRECTOR OF TEACHER TRAINING, DESIREE HUMPHRIES-IVEY, THE NONTAXABLE BENEFITS OF $19,596 INCLUDE HEALTH/LIFE INSURANCES. FOR MIDDLE SCHOOL DIVISION HEAD, KRISTA DEMAS, THE NONTAXABLE BENEFITS OF $32,337 INCLUDE HEALTH/LIFE INSURANCES TOTALING $34,614 AND TUITION REMISSION OF $10,404. FOR LOWER SCHOOL DIVISION HEAD, SERENA GIFFORD, THE NONTAXABLE BENEFITS OF $24,246 INCLUDE HEALTH/LIFE INSURANCES. FOR CONTROLLER, VINCENT QUIRK, THE NONTAXABLE BENEFITS OF $24,240 INCLUDE HEALTH/LIFE INSURANCES. FOR DIRECTOR OF EXTERNAL RELATIONS, PAMELA DICKINSON, THE NONTAXABLE BENEFITS OF $24,240 INCLUDE HEALTH/LIFE INSURANCES. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-06-20 26780000 DEBT REFINANCING 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-04-30 21640000 DEBT REFINANCING 0 0 0 A 26780000 26780000 24392805 129120 2258075 2013 1 0 1 1 B 21640000 21640000 2013 1 0 1 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 SCHEDULE K, PART II, COLUMN B, LINE 11 BOND PROCEEDS UTILIZED IN FULL TO REFUND PRIOR BOND ISSUANCE SEE EXPLANATION BELOW SEE PART V 50480 FINANCIAL AID SCHEDULE L, PART III FINANCIAL AID GRANTED TO THE CHILDREN OF TRUSTEES, FACULTY AND STAFF IS BASED ON NEED THAT MUST BE DEMONSTRATED THROUGH THE STANDARD APPLICATION FOR FINANCIAL AID PROCESS; FOR PRIVACY CONSIDERATIONS, THE NAMES OF RECIPIENTS ARE NOT DISCLOSED AND ONLY THE TYPE OF ASSISTANCE AND THE AGGREGATE AMOUNT ARE REPORTED ON SCHEDULE L, PART III. X 15 73255 FMV ON DATE OF GIFT 0 1 1 PART I, LINE 32B: ALL STOCK GIFTS ARE RECEIVED BY FIRST REPUBLIC SECURITIES AND SOLD THROUGH THEIR BROKERAGE FIRM. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN NINETEEN MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN NINETEEN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AND DISCUSSED VIA CONFERENCE CALL ABOUT A WEEK BEFORE FILING. THE AUDIT COMMITTEE REVIEWED AND DISCUSSED IT AT THIS TIME. IT IS ALSO POSTED TO THE SCHOOL'S INTERNAL WEBSITE FOR REVIEW BY ALL BOARD MEMBERS DURING THE SAME TIME FRAME. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND OFFICERS OF THE ORGANIZATION ARE ASKED TO FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON REPORTS THE CONFLICT TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE EVALUATES THE SEVERITY OF THE TRANSACTION AND THE NEED TO REPORT THE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD. IF THE CONFLICT RISES TO THE LEVEL OF REPORTING, THE AUDIT COMMITTEE WILL REPORT THE TRANSACTION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD WHICH REVIEWS THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL WHEN THE CONTRACT IS PERIODICALLY REVIEWED. THE COMMITTEE USES COMPARABLE DATA AND CONSULTANTS WHEN NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 SHADY HILL SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.