2020-04-29T14:51:02-05:00 2019-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2018-07-01 041200600 CONCORD ACADEMY CONC 9784022200 166 MAIN STREET CONCORD MA 01742 AMY MILLER-FREDERICKS CFO 9784022200 2020-04-29 1 LYNNE JOHNSON P00757336 6179129000 68.199.170.159 2020-04-29 14:12:30 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-11-19 02:30:22Z RICHARD G HARDY 166 MAIN STREET CONCORD MA 01742 62155211 0 X WWW.CONCORDACADEMY.ORG X 1922 MA CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2018-19 ENROLLMENT WAS COMPOSED OF 404 STUDENTS, 156 OF WHOM WERE BOARDING STUDENTS AND 248 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2018-19 YEAR CONSISTED OF STUDENTS FROM 16 STATES/TERRITORIES AND 10 FOREIGN COUNTRIES. 28 27 353 428 53596 51359 10659376 6834051 21095620 23127623 8882134 1536921 0 0 40637130 31498595 4183191 4605195 0 0 13723922 14796580 0 0 2269022 9006116 9785816 26913229 29187591 13723901 2311004 140337352 144731804 21437460 20777166 118899892 123954638 X CONCORD ACADEMY IS A COMMUNITY ANIMATED BY LOVE OF LEARNING, DIVERSE AND STRIVING FOR EQUITY, WITH COMMON TRUST AS OUR FOUNDATION. HONORING EACH INDIVIDUAL, WE CHALLENGE AND EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD THROUGH PURPOSEFUL COLLABORATION AND CREATIVE ENGAGEMENT. CONCORD ACADEMY CULTIVATES EMPATHY, INTEGRITY, AND RESPONSIBILITY TO BUILD A MORE JUST AND SUSTAINABLE FUTURE. 0 0 22204487 4605195 23127623 SECONDARY EDUCATION: 404 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9. 22204487 1 1 0 0 0 0 0 0 0 1 1 1 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 1 1 0 0 0 1 117 0 1 353 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X AMY MILLER-FREDERICKS CFO 9784022200 166 MAIN STREET CONCORD MA 01742 FAY LAMPERT SHUTZER PRESIDENT 4.00 X X 0 0 0 JENNIFER A PLINE TREASURER 3.00 X X 0 0 0 CAROLYN STAFFORD STEIN SECRETARY 3.00 X X 0 0 0 JENNIFER J BURLEIGH TRUSTEE 3.00 X 0 0 0 AMY CAMMANN CHOLNOKY FIRST VP AND TRUSTEE 3.00 X X 0 0 0 SEAN M DALTON TRUSTEE 3.00 X 0 0 0 MICHAEL B FIRESTONE TRUSTEE 1.00 X 0 0 0 BRIDGET C JOHNSON TRUSTEE 1.00 X 0 0 0 JAMIE KLICKSTEIN TRUSTEE 1.00 X 0 0 0 ROSE PEABODY LYNCH TRUSTEE 3.00 X 0 0 0 KEVIN PARKE SECOND VP AND TRUSTEE 3.00 X X 0 0 0 OLIVIA HOWARD SABINE TRUSTEE 1.00 X 0 0 0 NASHAN VASSALL TRUSTEE 1.00 X 0 0 0 MARGARET WALKER TRUSTEE 1.00 X 0 0 0 KARL BANDTEL TRUSTEE 3.00 X 0 0 0 LYNN DAYTON TRUSTEE 1.00 X 0 0 0 KERRY HOFFMAN TRUSTEE 1.00 X 0 0 0 MATTHEW GINSBURG TRUSTEE 1.00 X 0 0 0 JOHN GROSSMAN TRUSTEE 3.00 X 0 0 0 YUCHUN LEE TRUSTEE 1.00 X 0 0 0 SUNREDI ADMADJAJA TRUSTEE 1.00 X 0 0 0 DR HARVEY J BERGER TRUSTEE 1.00 X 0 0 0 KAREN LIESCHING TRUSTEE 1.00 X 0 0 0 MATTHEW MCCAHILL TRUSTEE 1.00 X 0 0 0 LAURA MCCONAGHY TRUSTEE 1.00 X 0 0 0 ANDY ORY TRUSTEE 1.00 X 0 0 0 CLAIRE MORIARTY SCHAEFFER TRUSTEE 1.00 X 0 0 0 RICHARD G HARDY HEAD OF SCHOOL 55.00 X X 361478 0 230677 AMY MILLER-FREDERICKS CFO 55.00 X 235155 0 62578 ALICE R ROEBUCK DIR OF ADVANCEMENT & ENGAGEMENT 55.00 X 219132 0 17487 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 55.00 X 152380 0 6040 JOHN DREW ASST HEAD OF SCHOOL/ACADEMIC DEAN 55.00 X 133558 0 36051 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CO 55.00 X 132120 0 37973 BENJAMIN CARMICHAEL DIR OF MARKETING & COMMUNICATIONS 55.00 X 129992 0 18336 DAVID LEACH DIR. OF ADMINISTRATIVE SYSTEMS 55.00 X 126331 0 10025 1490146 0 419167 14 0 1 0 CE FLOYD COMPANY INC 135 SOUTH ROAD BEDFORD MA 01730 CONSTRUCTION SERVICES 4714256 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 1653370 DEWING SCHMID KEARNS 30 MONUMENT SQUARE SUITE 200B CONCORD MA 01742 ARCHITECTURAL SERVICES 498208 SOUTH COAST IMPROVEMENT COMPANY 13 MARCONI LANE MARION MA 02738 CONSTRUCTION SERVICES 461651 OUNCE IT LLC PO BOX 3137 WORCESTER MA 01613 IT SERVICES 406643 9 6834051 436254 6834051 TUITION AND FEES/SUMMER PROGRAM 611110 23042765 23042765 MISCELLANEOUS INCOME 611110 84858 84858 23127623 821429 53596 767833 31372108 30558251 98365 813857 -98365 715492 715492 31498595 23127623 53596 1483325 4605195 4605195 1080696 841763 238933 10474703 7932284 1564594 977825 711607 542932 99373 69302 1731490 1212852 380619 138019 798084 571671 140083 86330 51313 51313 88378 88378 334814 334814 1076462 788225 164716 123521 79868 2157 52255 25456 259338 222752 25457 11129 182580 107216 51450 23914 919802 867320 33186 19296 274439 155920 95372 23147 165996 119437 42975 3584 390744 369325 12981 8438 1906879 1802349 63352 41178 145451 145451 FOOD 1836013 1599915 107974 128124 EQUIPMENT PURCHASE REPA 831130 750933 30577 49620 DUES & SUBSCRIPTIONS 262632 140891 72547 49194 COPIES, PRINTING & POST 149188 13595 44784 90809 830789 399518 270068 161203 29187591 22204487 4714082 2269022 3374 3624 11339335 7532189 8791954 7668847 13514 16184 11156 11606 524254 592030 72852640 29808321 37713072 43044319 12308957 14831414 67931556 69386003 1700180 1645588 140337352 144731804 1795724 2079486 8230152 7785493 10520134 9952818 891450 959369 21437460 20777166 X 56752368 59730940 18766558 18776551 43380966 45447147 118899892 123954638 140337352 144731804 X 2311004 2674089 69653 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72889992 6704821 3686377 541804 2570196 80169190 67056380 4497504 4394108 510528 2547472 72889992 60362974 2477923 7235483 505118 2514882 67056380 62305358 1500256 -552640 516910 2373090 60362974 63991806 2219979 -1189427 430118 2286882 62305358 0.32690 0.52810 0.14500 0 0 8171694 8171694 54800962 27083316 27717646 4847168 2701974 2145194 5032816 23031 5009785 43044319 EQUITIES 26793383 F FIXED INCOME 12606369 F MULTI ASSET 3917214 F ABSOLUTE RETURN 10900747 F REAL ASSETS 2901744 F PRIVATE MARKETS 5023188 F OPPORTUNISTIC 7243358 F 69386003 ACTIVITIES ACCOUNT 364765 CAPITAL LEASE OBLIGATIONS 75298 HOUSING DEPOSITS 17328 REGISTRATION DEPOSITS 472060 INSURANCE DEPOSITS 29918 959369 X 29694306 2674089 -4478378 -1804289 31498595 0 31498595 24639560 0 24639560 4548031 4548031 29187591 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED IN FURTHERANCE OF THE ACADEMY'S EXEMPT PURPOSES. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY 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 ACADEMY 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 TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. UNDER IRS STATUTES, THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2016. THE ACADEMY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 69,653. FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,213,217. INVESTMENT ADVISORY FEES NETTED WITH INVESTMENT INCOME -334,814. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE 4,213,217. INVESTMENT ADVISORY FEES NETTED WITH GAINS 334,814. 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 FOLLOWING STATEMENT IS PUBLISHED ANNUALLY IN THE BOSTON GLOBE: WE MEMBER SCHOOLS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND REAFFIRM OUR LONG-STANDING POLICY OF NONDISCRIMINATORY ADMISSION OF STUDENTS. WE ADMIT STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT OUR SCHOOLS. WE DO NOT DISCRIMINATE IN VIOLATION OF ANY LAW OR STATUTE IN THE ADMINISTRATION OF OUR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAM, AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. INFORMATION AND SCHOOL CATALOGUES MAY BE OBTAINED BY CALLING THE SCHOOL. EAST ASIA AND THE PACIFIC FUNDRAISING/PROGRAM SERVICE CA EVENTS/UPDATES 14950 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SCHOOL FAIRS/RECRUITMENT 8209 EAST ASIA AND THE PACIFIC PROGRAM SCHOOL FAIRS/RECRUITMENT 6829 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 19955767 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 1978596 0 0 0 0 0 0 21964351 0 21964351 1 0 1 1 1 0 1 TUITION GRANTS 95 4256217 DIFFERENCE AFTER EXPECTED FAMILY CONTRIBUTION PER FINANCIAL AID (FA) GRANTS DEDUCTED FROM SCHOOL TUITION MUSIC LESSON FINANCIAL AID 39 54988 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM MUSIC LESSON FEES HEALTH INSURANCE FINANCIAL AID 34 56697 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM STUDENT HEALTH INSURANCE COSTS MONTHLY SUPPLEMENTAL FOR INCIDENTALS 36 16100 TRAVEL EXP REIMB. - FA PARENT/GUARDIAN TO/FROM CA EVENTS 10 1596 TRAVEL EXPS - FA STUDENTS TIX PURCHASED ON THEIR BEHALF TO/FROM HOME; SUMMER PROGRAM/TRAVEL EXPENSE 10 4053 FA STUDENTS COMPUTER GRANTS/COMPUTER SUPPLIES 25 10463 7788 CASH REIMBURSEMENTS SUPPLIES PURCHASED FOR STUDENTS BY DIRECTOR OF FA ON STUDENT'S BEHALF ACTIVITIES ACCOUNT GRANTS 99 136723 ESTIMATE FOR STUDENT RELATED BOOK AND INCIDENTAL EXPENSES FA DEDUCTED FROM STUDENT INCIDENTAL CHARGES STUDENT TRIP GRANTS 28 60570 % OF FA AWARD FA DEDUCTED FROM TRIP EXPENSES PART I, LINE 2: CONCORD ACADEMY AWARDED FINANCIAL ASSISTANCE TO 99 STUDENTS INCLUDING TUITION GRANTS AND ASSISTANCE FOR MUSIC LESSONS, HEALTH INSURANCE, BOOKSTORE PURCHASES, TRANSPORTATION AND MISCELLANEOUS EXPENSES. ASSISTANCE IS AWARDED ON A FINANCIAL NEED BASIS THROUGH THE FINANCIAL AID OFFICE. BOTH THE FINANCIAL AID DIRECTOR AND THE FINANCE OFFICE STAFF ADMINISTER AND MONITOR ALL GRANTS AND STUDENT SPENDING ON A MONTHLY BASIS. THE FINANCIAL AID DIRECTOR MEETS MONTHLY WITH EACH FINANCIAL AID RECIPIENT TO REVIEW SPENDING. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 RICHARD G HARDY HEAD OF SCHOOL 360686 0 0 0 792 0 147992 0 82685 0 592155 0 0 0 AMY MILLER-FREDERICKS CFO 234639 0 0 0 516 0 37040 0 25538 0 297733 0 0 0 ALICE R ROEBUCK DIR OF ADVANCEMENT & ENGAGEMENT 219012 0 0 0 120 0 17487 0 0 0 236619 0 0 0 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 152200 0 0 0 180 0 1040 0 5000 0 158420 0 0 0 JOHN DREW ASST HEAD OF SCHOOL/ACADEMIC DEAN 133085 0 0 0 473 0 11562 0 24489 0 169609 0 0 0 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CO 131389 0 0 0 731 0 11384 0 26589 0 170093 0 0 0 PART I, LINE 1A CONCORD ACADEMY IS A COEDUCATIONAL BOARDING AND DAY SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, THE HEAD OF SCHOOL AND SOME FACULTY AND STAFF LIVE IN SCHOOL-OWNED HOUSING WHICH IS A NONTAXABLE BENEFIT TO THEM. THE HEAD OF SCHOOL'S ESTIMATED NONTAXABLE HOUSING BENEFIT IS $55,000 AND IT IS REPORTED IN PART II, COLUMN D. CONCORD ACADEMY REIMBURSED THE HEAD OF SCHOOL, RICHARD HARDY, TRAVEL FOR COMPANION EXPENSES WHICH ARE NONTAXABLE TO THE HEAD OF SCHOOL. CERTAIN TRANSPORTATION EXPENSE WERE INCURRED FOR THE HEAD OF SCHOOL'S SPOUSE IN RELATION TO CONCORD ACADEMY PLANNED EVENTS. PART I, LINE 3 THE CONCORD BOARD OF TRUSTEES SUB-COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFO AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. THE SUB-COMMITTEE MEETS TO APPROVE THE HEAD OF SCHOOL'S COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7. PART I, LINE 4B RICHARD HARDY, HEAD OF SCHOOL, PARTICIPATES IN THE ACADEMY'S NONQUALIFIED RETIREMENT PLAN (SEC. 457F PLAN); EMPLOYER CONTRIBUTIONS FOR FY 18-19 ARE IN THE AMOUNT OF $100,000 WHICH IS INCLUDED IN FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. PART I, LINE 7 THE ACADEMY ACCRUED $50,000 FOR RICHARD G. HARDY, HEAD OF SCHOOL, BASED UPON THE ACADEMY MEETING ITS ANNUAL BUDGET AS WELL AS THE EMPLOYEE MEETING SPECIFIC PERFORMANCE METRICS ESTABLISHED BY THE ACADEMY. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-02-09 18698446 SEE PART VI 0 0 0 A 1205000 18698446 51000 2624000 8698446 7325000 1 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: SERIES 2017A BOND PROCEEDS ARE USED TO REFUND SERIES 2010A BONDS AND SERIES 2014B BONDS. SERIES 2017B BOND PROCEEDS ARE AVAILABLE TO BE DRAWN FOR CAPITAL EXPENDITURES. SCHEDULE K, PART II, LINE 12: THE SERIES 2017B BONDS ARE AVAILABLE FOR THE ACADEMY TO DRAW DOWN UPON THROUGH MARCH 2020. AS OF JUNE 30, 2019, THE ACADEMY HAS DRAWN DOWN $2,675,000 RELATING TO THE SERIES 2017B BONDS AND $7,325,000 IS THE AMOUNT REMAINING. X 45 436254 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. PART I, LINE 32B: MORGAN STANLEY SMITH BARNEY, LLC PROCESSED AND SOLD THE STOCK DONATIONS ON BEHALF OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE 2018 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE, SIGN AND RETURN TO THE ASSISTANT TO THE HEAD OF SCHOOL A CONFLICT OF INTEREST FORM. ONCE RETURNED, EACH FORM IS REVIEWED BY THE ASSISTANT AND ANY EXCEPTIONS ARE REPORTED TO THE HEAD AND CFO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE OF TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. THE ORIGINAL FORMS ARE KEPT IN THE INDIVIDUAL TRUSTEE FILES IN THE HEAD'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE CONCORD BOARD OF TRUSTEES SUB-COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFO AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. THE SUB-COMMITTEE MEETS TO APPROVE THE HEAD OF SCHOOL'S COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 69,653. CHARITABLE REMAINDER TRUSTS (1) CHARITABLE TRUST MA CONCORD ACADEMY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0