2021-03-08T14:07:33-06:00 2020-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2019-07-01 042105838 WILBRAHAM AND MONSON ACADEMY WILB 4135966811 423 MAIN STREET WILBRAHAM MA 01095 BRIAN P EASLER HEAD OF SCHOOL 4135966811 2021-03-02 1 PATRICIA MCGOWAN P00184514 9592007000 2021-03-01 2019 2022-09-23 18:48:47Z BRIAN P EASLER 423 MAIN STREET WILBRAHAM MA 01095 23320529 0 X WWW.WMA.US X 1971 MA WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 17 17 202 0 0 0 3879748 1223362 20585135 20283989 -216944 68993 345171 526394 24593110 22102738 4351450 4336550 0 0 11161945 11656833 0 0 1151587 7631742 6720206 23145137 22713589 1447973 -610851 37946412 39033544 13792691 16044622 24153721 22988922 WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 0 0 16917433 4336550 20342846 PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL ENROLLMENT OF APPROXIMATELY 401 STUDENTS. PROGRAM SERVICE EXPENSES INCLUDE INSTRUCTIONAL, SCHOLARSHIP, LIBRARY, AND INFIRMARY. WITHIN A CARING AND SUPPORTIVE ENVIRONMENT, THE ACADEMY MAKES AVAILABLE AN ABUNDANT OFFERING OF CURRICULAR AND EXTRACURRICULAR EXPERIENCES. ALL MEMBERS OF THE COMMUNITY ARE ENCOURAGED TO DEVELOP THEIR TALENTS BY MEANS OF THE ACADEMY'S MENTORING PHILOSOPHY CENTRALLY IMPORTANT TO THE SCHOOL'S MISSION. 16917433 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 202 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X KIM DAVIS 4135966811 423 MAIN ST WILBRAHAM MA 01095 SCOTT B JACOBS CHAIR 1.00 X X 0 0 0 JAMES E LACROSSE VICE CHAIR 1.00 X X 0 0 0 MARK R SHENKMAN VICE CHAIR 1.00 X X 0 0 0 DAVID A REEVES TREASURER 1.00 X X 0 0 0 KRISTA HANSON SECRETARY 1.00 X X 0 0 0 ANDREW MELE TRUSTEE 1.00 X 0 0 0 BARRY M MALONEY TRUSTEE 1.00 X 0 0 0 BONNIE FAULKNER RYAN TRUSTEE 1.00 X 0 0 0 CAITLIN S FLYNN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ANTONACCI TRUSTEE 1.00 X 0 0 0 CRAIG RUBIN TRUSTEE 1.00 X 0 0 0 JUDITH A KNAPP TRUSTEE 1.00 X 0 0 0 LINDA B GRIFFIN TRUSTEE 1.00 X 0 0 0 PAUL SULLIVAN TRUSTEE 1.00 X 0 0 0 RAYMOND ANTON TRUSTEE 1.00 X 0 0 0 ROBERT LITTLE TRUSTEE 1.00 X 0 0 0 WILLIAM GUERIN TRUSTEE 1.00 X 0 0 0 BRIAN P EASLER HEAD OF SCHOOL 40.00 X 356820 0 70465 KIM DAVIS CHIEF FINANCIAL OFFICER 40.00 X 204105 0 40433 DONALD NICHOLSON DIRECTOR OF ATHLETICS 40.00 X 113694 0 40053 JOHN BOOZANG DIRECTOR OF COLLEGE COUNSEL 40.00 X 107505 0 29179 KATE GAW DIRECTOR OF ADMISSION & FI 40.00 X 144042 0 21123 MARK AIMONE DIRECTOR OF ADVANCEMENT 40.00 X 209547 0 57392 ERIK KINDBLOM DEAN OF ACADEMICS 40.00 X 101194 0 41829 1236907 0 300474 7 0 1 0 FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01104 CONTRACTOR 3947752 COMPASS GROUP PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1546247 ABLE SERVICES INTEGRATED FACILITIES MGMT PO BOX 3900 SAN FRANCISCO CA 941390001 CLEANING SERVICE 295838 FLANSBURGH ARCHITECTS 77 N WASHINGTON ST BOSTON MA 02114 ARCHITECT 281463 SUPREME SYSTEMS INC PO BOX 610444 DALLAS TX 75261 CONTRACTOR 260800 5 1223362 46967 1223362 TUITION AND FEES 611710 20225055 20225055 SUPPORTING SERVICES 611710 58934 58934 20283989 61243 61243 134267 19847 114420 114420 114420 1032507 21204 1034387 11574 -1880 9630 7750 7750 210840 151983 58857 58857 INSURANCE SETTLEMENT PROCEEDS 900099 210118 210118 OTHER SUPPORT SERVICES 611710 142999 142999 353117 22102738 20342846 0 536530 4336550 4336550 720802 23367 603969 93466 7756181 6015832 1172676 567673 545349 442810 66329 36210 2024570 1532707 335459 156404 609931 453605 109178 47148 46189 46189 55764 55764 654969 567687 87282 379106 11271 352023 15812 276264 12494 225349 38421 141035 85004 56031 2070933 1751877 293274 25782 368883 273692 46240 48951 15005 13631 1374 55592 55592 1243322 819342 405964 18016 235496 235496 ACADEMIC/STUDENT EXPENS 723689 422051 254697 46941 REPAIRS AND MAINTENANCE 260812 214243 46118 451 BAD DEBTS 160144 160144 FURNITURE FIXTURES EQUI 33003 26274 6448 281 22713589 16917433 4644569 1151587 4403917 1355116 2918616 3847378 40633 12213 111873 351769 120880 110399 293827 355435 40572804 18265839 18289199 22306965 11334934 10270682 286388 284496 146145 139091 37946412 39033544 1767144 1745658 5876311 4278458 3900000 3755000 1402347 3093405 846889 3172101 13792691 16044622 X 13943876 16017951 10209845 6970971 24153721 22988922 37946412 39033544 X -610851 -171931 -382015 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10764368 65981 -174382 460534 10195433 10644024 168351 374413 422420 10764368 8965537 1440427 648248 410188 10644024 8453184 156115 756359 400121 8965537 9094971 335690 -603744 373733 8453184 0.39050 0.29180 0.31770 0 0 4927712 4927712 26806953 16365398 10441555 2116417 1660872 455545 6721722 239569 6482153 22306965 SWAP CONTRACT LIABILITY 1072677 DEFERRED OBLIGATIONS 11293 CAPITAL LEASE 139588 DUE TO ENDOWMENT 24823 REFUNDABLE ADVANCE PPP 1923720 3172101 X 17391036 -171931 6965 -4566582 -4731548 22122584 -19847 -19847 22102737 18555835 6965 171830 178795 18377040 4336550 4336550 22713590 PART V, LINE 4: INVESTMENT RETURN FROM THE ACADEMY'S ENDOWMENT IS APPROPRIATED ANNUALLY, IN ACCORDANCE WITH THE BOARD APPROVED SPENDING POLICY, TO UNDERWRITE A PORTION OF THE ACADEMY'S ANNUAL OPERATING BUDGET, INCLUDING FINANCIAL AID AWARDS, FACULTY COMPENSATION AND PROFESSIONAL DEVELOPMENT AND OTHER QUALIFYING OPERATING EXPENSES. PART X, LINE 2: THE ACADEMY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 AND 2019. THE ACADEMY'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2017 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ACADEMY HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 151,983. CHANGE IN VALUE OF INTEREST RATE SWAP -380,123. FINANCIAL AID -4,336,550. UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -1,892. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -19,847. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 151,983. RENTAL EXPENSES 19,847. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,336,550. 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 ACADEMY DOES NOT DISCRIMINATE AGAINST APPLICANTS OR STUDENTS ON THE BASIS OF RACE, SEX, CREED, RELIGION, HANDICAP OR NATIONAL ORIGIN. THIS POLICY APPLIES TO ALL ASPECTS OF THE ADMISSIONS POLICY, THE AWARDING OF FINANCIAL AID, AND TO SCHOOL LIFE IN GENERAL. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT TRAVEL 23714 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDENT RECRUITING 6580 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT TRAVEL 4644 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES ALUMNI RELATIONS, FUNDRAISING 1526 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDENT RECRUITING 5368 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT RECRUITING 58122 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITING 8595 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDENT RECRUITING 13235 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES STUDENT RECRUITING 9528 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ALUMNI RELATIONS, FUNDRAISING 23116 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ALUMNI RELATIONS, FUNDRAISING 9305 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT TRAVEL 13000 0 0 0 0 0 0 121784 54949 176733 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID TO STUDENTS 194 4336550 FAIR VALUE FINANCIAL AID AWARDED AS A REDUCTION OF TUITION CHARGE PART I, LINE 2: FAMILIES INTERESTED IN RECEIVING FINANCIAL AID NOTIFY THE ADMISSION OFFICE AND SUBMIT AN APPLICATION THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID ("SSS"). SSS WILL ESTIMATE THE FAMILY CONTRIBUTION AMOUNT USING FINANCIAL INFORMATION SUBMITTED BY THE FAMILY DURING THE APPLICATION PROCESS. THE ACADEMY USES THIS ESTIMATE AS A GUIDE, ALONG WITH FINANCIAL INFORMATION PROVIDED BY THE FAMILY, TO DETERMINE THE AMOUNT OF THE AWARD TO THE STUDENT. FINANCIAL AID IS NOT A CASH GRANT AWARD. ACTUAL FINANCIAL AID AWARDS ARE REFLECTED AS CREDITS TOWARDS TUITION. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BRIAN P EASLER HEAD OF SCHOOL 356544 0 0 0 276 0 47000 0 23465 0 427285 0 0 0 KIM DAVIS CHIEF FINANCIAL OFFICER 203589 0 0 0 516 0 20947 0 19486 0 244538 0 0 0 DONALD NICHOLSON DIRECTOR OF ATHLETICS 113344 0 0 0 350 0 11890 0 28163 0 153747 0 0 0 KATE GAW DIRECTOR OF ADMISSION & FI 143558 0 0 0 484 0 14484 0 6639 0 165165 0 0 0 MARK AIMONE DIRECTOR OF ADVANCEMENT 209271 0 0 0 276 0 15075 0 42317 0 266939 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE ACADEMY, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A HOME OWNED BY THE ACADEMY AND SITUATED ON THE ACADEMY'S CAMPUS. THE ESTIMATED PERSONAL USE VALUE IS INCLUDED ON PART II, COLUMN D AS A NONTAXABLE BENEFIT. MARK AIMONE, DON NICHOLSON AND JOHN BOOZANG ARE ALSO PROVIDED HOUSING. IN ADDITION, THE HEAD OF SCHOOL AND MARK AIMONE ARE PROVIDED WITH A VEHICLE FOR BUSINESS USE. THE TAXABLE LEASE VALUE IS INCLUDED IN THEIR 2019 FORM W-2 AS OTHER REPORTABLE COMPENSATION. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-03-04 4940000 TO REFINANCE 2006 BONDS USED TO CONSTRUCT AN ATHLETIC FIELD HOUSE AND FIELDS 0 0 0 A 1185000 4940000 70200 4869800 1 0 1 1 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 A 1 X 203 FMV X 7 42532 FMV X 1 1850 FAIR VALUE X OTHER 5 2390 FAIR VALUE 0 1 1 PART I, COLUMN (B): NUMBER REPORTED IN COLUMN B OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CURRENT CHAIR OF THE BOARD, CURRENT CHAIR OF THE FINANCE COMMITTEE AND CHIEF FINANCIAL OFFICER PRIOR TO SUBMISSION. THE TAX RETURN IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. IN ORDER TO PROTECT THE PRIVACY OF THE ACADEMY'S DONOR POPULATION, MANAGEMENT DISTRIBUTES FORM 990 EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD IS KEPT INFORMED OF ANY CONFLICTS OF INTEREST BY BOARD MEMBERS. BOARD MEMBERS ARE EXCUSED FROM ANY DISCUSSIONS AT MEETINGS WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE SALARIES OF THE HEAD OF SCHOOL AND OFFICERS BASED UPON COMPARATIVE SALARIES FOR SIMILAR POSITIONS AND DUTIES FROM DATA COLLECTED FROM PEER INSTITUTIONS. REASONABLE AND COMPETITIVE SALARIES ARE BASED ON THE DATA COLLECTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -380,123. UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -1,892. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.