2020-10-29T13:11:11-05:00 2020-06-30 061009205 BLUM SHAPIRO & COMPANY PC TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 6174843078 2020-10-19 1 LAURA J KENNEY P00202198 6177810831 2020-10-16 64.251.63.131 2020-10-19 10:04:47 ED P 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB F655607A01BC9414CB150F5C2D5B642F4B7C09E6 2019 2021-01-29 14:40:06Z BRENDAN LARGAY 55 DAY SCHOOL LANE BELMONT MA 02478 19483236 0 X BELMONTDAY.ORG X 1927 MA SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT. 26 20 292 75 0 0 1311716 2332516 11868062 12868967 372578 403358 30083 104860 13582439 15709701 1768368 2117973 0 0 8210082 8704813 0 0 386035 3836785 4063055 13815235 14885841 -232796 823860 48029365 46733277 20103925 18006493 27925440 28726784 X TO INSPIRE AND CHALLENGE. (SEE SCHEDULE O FOR CONTINUATION.) 0 0 11306685 1936067 10991710 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 292 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, LATIN, SPANISH, AND PHYSICAL EDUCATION. 860197 21210 1444512 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 671 CHILDREN ATTEND SUMMER SESSION. 441591 160696 537605 THE EXTERNAL PROGRAMS PROVIDE APPROXIMATELY 167 CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. ALSO, APPROXIMATELY 74 CHILDREN ATTENDED MULTIPLE CAMPS DURING TWO VACATION WEEKS AND CONFERENCE DAYS. 12608473 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 292 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 20 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X FREDERICK COLSON III 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 40.00 X X 335247 0 18978 FREDERICK COLSON III DIRECTOR OF FINANCE 40.00 X 138471 0 17747 CORRADO PARAMITHIOTTI DIRECTOR OF OPERATIONS 40.00 X 122341 0 15781 DOROTHY RYAN DIRECTOR OF TECHNOLOGY 40.00 X 114855 0 13737 JOHN O'NEILL DIRECTOR OF ATHLETICS 40.00 X 114136 0 7978 SARAH BARROW BUSINESS MANAGER 40.00 X 113347 0 7849 DEBORAH BRISSENDEN ASSISTANT HEAD OF SCHOOL 40.00 X 111739 0 7094 JENNIFER FRIBORG FACULTY TRUSTEE 40.00 X 89956 0 24831 ANDERSON SANTOS FACULTY TRUSTEE 40.00 X 89219 0 24761 SAMUEL BIGELOW TRUSTEE 1.00 X 0 0 0 KIRK CHISHOLM TRUSTEE 1.00 X 0 0 0 DANYUL CHO TRUSTEE 1.00 X 0 0 0 ADAM COLANGELO TRUSTEE 1.00 X 0 0 0 RICHARD COOPERSTEIN TRUSTEE 1.00 X 0 0 0 AUDRA DAINORA TRUSTEE 1.00 X 0 0 0 SEAN DALTON TRUSTEE 1.00 X 0 0 0 BRIT DEWEY TRUSTEE 1.00 X 0 0 0 CHARLES FOLEY TRUSTEE 1.00 X 0 0 0 LARRY GRIFFIN TRUSTEE 1.00 X 0 0 0 CATALINA GUILLERMETY TRUSTEE 1.00 X 0 0 0 KRISTEN LEWIS TRUSTEE 1.00 X 0 0 0 KAREN LIESCHING TRUSTEE 1.00 X 0 0 0 KIM MORRIS TRUSTEE 1.00 X 0 0 0 SHARRA OWENS-SCHWARTZ TRUSTEE 1.00 X 0 0 0 MARGARET POTTER TRUSTEE 1.00 X 0 0 0 JILL FINNERTY PRESIDENT/TRUSTEE 1.00 X X 0 0 0 THOMAS HANCOCK VICE PRESIDENT/TRUSTEE 1.00 X X 0 0 0 MATTHEW KADNAR TREASURER/TRUSTEE 1.00 X X 0 0 0 KEVIN PLANTE CLERK/TRUSTEE 1.00 X X 0 0 0 CRISSY STRAUB TRUSTEE 1.00 X 0 0 0 ELLIOT TARGUM TRUSTEE 1.00 X 0 0 0 ANGEL WILLIAMS TRUSTEE 1.00 X 0 0 0 1229311 0 138756 9 0 1 0 SHAWMUT DESIGN & CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION OF NEW BUILDING 1025474 AC GENERAL CONTRACTING INC 103 BLACHARD ROAD CAMBRIDGE MA 02138 CONSTRUCTION-RENOVATIONS CURRENT BUILDIN 391386 SYSCO BOSTON LLC 99 SPRING STREET PLYMPTON MA 02367 FOOD DISTRIBUTION SERVICES 114112 DOHERTY'S GARAGE INC 161 LINCOLN ROAD LINCOLN MA 01773 BUS TRANSPORTATION 106184 4 1218056 1114460 13283 2332516 TUITION & FEES-WINTER 611600 10849350 10849350 TUITION & FEES-SUMMER 611600 1444512 1444512 TUITION & FEES-EXT. PROG. 611600 537605 537605 TUITION & FEES-OTHER PRG. 611600 37500 37500 12868967 318471 318471 58540 0 58540 58540 58540 3858422 3773441 94 84981 -94 84887 84887 MISCELLANEOUS 611600 46320 46320 46320 15709701 12973827 0 403358 2117973 2117973 786123 257322 475468 53333 6372407 5440512 687715 244180 290824 239888 39310 11626 723609 654295 46677 22637 531850 426078 82848 22924 17014 17014 40480 40480 33958 33958 90655 85073 4382 1200 107996 31712 71854 4430 481462 438989 32757 9716 99078 88375 5490 5213 615288 607044 6511 1733 199832 199832 85470 78963 6507 453846 447220 5233 1393 1218551 1200763 14049 3739 127039 2281 124758 FOOD & KITCHEN 161290 161290 MISCELLANEOUS 156524 34610 118003 3911 PRINTING & PUBLICATIONS 69690 10849 58841 EQUIPMENT RENTAL & MAIN 67631 48153 19478 37251 37251 14885841 12608473 1891333 386035 1535490 1148550 1039202 886122 977941 626632 63834 19728 279879 194328 40716240 13345042 28006304 27371198 14846274 15273662 1280441 1213057 48029365 46733277 1098171 1260118 3531686 1343842 15385304 15389437 88764 13096 20103925 18006493 X 20778323 22103047 7147117 6623737 27925440 28726784 48029365 46733277 X 823860 -63801 41285 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 0.00 0 1 16011595 718000 292154 19644 639356 16362749 15178444 678000 778151 623000 16011595 15642642 853721 826613 2144532 15178444 13484521 1557700 1196421 596000 15642642 13866367 593060 -402736 572170 13484521 0.66890 0.25890 0.07220 0 0 1117580 1117580 34426101 9936417 24489684 3721595 2513063 1208532 1450964 895562 555402 27371198 REFUNDABLE ADVANCE 13096 13096 13535254 -63801 41285 -22516 13557770 33958 2117973 2151931 15709701 12733910 0 12733910 33958 2117973 2151931 14885841 PART II, LINE 9: THE SCHOOL PURCHASED CLAFIN FIELD ON MARCH 28, 2001, WHICH IS SUBJECT TO A CONSERVATION RESTRICTION REQUIRING THAT IT BE PRESERVED. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. THE LAND IS ADJACENT TO THE SCHOOL GROUNDS AND HAS BEEN USED AS A PLAYING FIELD FOR PHYSICAL EDUCATION AND ATHLETIC PROGRAMS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CHARITABLE LEAD TRUST 41,285. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,117,973. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,117,973. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NON-DISCRIMINATION POLICY APPEARS IN NEWSPAPER WITH LARGEST CIRCULATION IN THE AREA AND ON THE SCHOOL'S WEBSITE. 1 FINANCIAL AID 88 2117973 PART I, LINE 2 FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILIES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X X X X 0 0 0 0 0 0 0 0 0 BRENDAN LARGAY HEAD OF SCHOOL 335247 0 0 0 0 0 16837 0 2141 0 354225 0 0 0 FREDERICK COLSON III DIRECTOR OF FINANCE 138471 0 0 0 0 0 3837 0 13910 0 156218 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-04-13 15500000 TO PAY OFF 2012 BONDS AND HELP FUND CONSTRUCTION OF NEW SCHOOL BUILDING 0 0 0 A 15500000 7050041 8449959 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/14/2020 158111 NEED BASED ASSISTANCE FINANCIAL AID PART III COLUMN B ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES WHOSE FAMILY MEMBERS ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: INSPIRE AND CHALLENGE. AT BELMONT DAY SCHOOL, WE FOSTER INTELLECTUAL CURIOSITY, HONOR DIFFERENCES, AND EMPOWER MEANINGFUL CONTRIBUTION WITH EXCELLENCE, RESPECT, HONESTY, RESPONSIBILITY, CARING, AND JOY. FORM 990, PART III, LINE 1 CONTINUED: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. BELMONT DAY'S SIX CORE VALUES-RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY, AND EXCELLENCE-ARE INTEGRAL TO ACADEMIC QUALITY, CREATIVITY, FITNESS, AND HEALTH. EVEN THE YOUNGEST CHILDREN QUICKLY BECOME AWARE OF THE SCHOOL'S VALUES AND EXPECTATIONS. AND SOON ENOUGH, THEY BEGIN TO CHERISH AND PROMOTE THESE IDEALS. SPEND SOME TIME AT BELMONT DAY SCHOOL, AND YOU WILL WITNESS OUR SIX CORE VALUES, ALIVE AND ACTIVE, INFORMING EVERYTHING WE DO. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE DIRECTOR OF FINANCE, AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE DIRECTOR OF FINANCE SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE DIRECTOR OF FINANCE TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL, ASSISTANT HEAD OF SCHOOL, AND DIRECTOR OF FINANCE, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR THE HEAD OF SCHOOL, ASSISTANT HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE FOR FISCAL 2020. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE DIRECTOR OF FINANCE. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE LEAD TRUST 41,285.