2020-11-04T13:28:33-06:00 2020-06-30 061009205 BLUM SHAPIRO & COMPANY PC TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 6175225544 2020-11-02 1 LAURA J KENNEY P00202198 6177170831 2020-11-02 64.251.63.131 2020-11-02 16:17:12 ES P 212D4AA7D86991E97AAA9C7923B382683810470F 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB 2019 2021-01-29 14:40:06Z JEFFREY DUBOIS 20 NEWTON STREET BROOKLINE MA 024457498 71090909 0 X WWW.DEXTERSOUTHFIELD.ORG X 1926 MA DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 29 29 402 170 0 0 13468404 3941827 41771901 44211335 1466235 1289929 0 0 56706540 49443091 11140545 11612566 0 0 21453459 21555325 0 0 1493509 12609926 13073723 45203930 46241614 11502610 3201477 96434315 106414295 43347379 51112611 53086936 55301684 DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 0 0 26558155 42485184 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 11612566 11612566 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 1459103 1726151 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS, ADULT EDUCATION, PUBLIC SCHOOL PROGRAMS, AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 39629824 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 130 0 1 402 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X JEFFREY DUBOIS 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 TODD VINCENT HEAD OF SCHOOL 60.00 X 505852 0 102050 DANIEL DONATO ADMISSIONS/COACH 50.00 X 200640 0 140192 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 60.00 X 193000 0 142549 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 50.00 X 214500 0 116980 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 60.00 X 236950 0 37498 IAN MOORHOUSE DIRECTOR OF OPERATIONS 50.00 X 151400 0 107238 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 40.00 X 175150 0 20632 GEORGE WRIGHT ATHLETICS TEACHER 50.00 X 149950 0 37002 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 40.00 X 144250 0 36418 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 50.00 X 147175 0 30109 EDWARD M MAHONEY TRUSTEE 4.00 X 0 0 0 DAVID D BROWN TRUSTEE 4.00 X 0 0 0 SCOTT BARRINGER TRUSTEE 4.00 X 0 0 0 F WARREN MCFARLAN TRUSTEE 4.00 X 0 0 0 PETER L O'BRIEN TRUSTEE 4.00 X 0 0 0 CHRISTOPHER B ROY TRUSTEE 4.00 X 0 0 0 ELIZABETH H BALDINI TRUSTEE 4.00 X 0 0 0 JONATHAN A KRAFT TRUSTEE 4.00 X 0 0 0 BRANT C BINDER TRUSTEE 4.00 X 0 0 0 STEFANIE CRONIN TRUSTEE 4.00 X 0 0 0 SCOTT GIESELMAN TRUSTEE 4.00 X 0 0 0 RYLAN M HAMILTON TRUSTEE 4.00 X 0 0 0 IAN O' KEEFFE TRUSTEE 4.00 X 0 0 0 KENNETH CHICOS TRUSTEE 4.00 X 0 0 0 TERENCE CONNELL TRUSTEE 4.00 X 0 0 0 DAVID DORMON TRUSTEE 4.00 X 0 0 0 MICHAEL FORRESTER TRUSTEE 4.00 X 0 0 0 JAROME IGINLA TRUSTEE 4.00 X 0 0 0 HASAN JAFRI TRUSTEE 4.00 X 0 0 0 SEAN KEOHANE TRUSTEE 4.00 X 0 0 0 ROBERT MCALEER TRUSTEE 4.00 X 0 0 0 JESSICA SCHMITZ TRUSTEE 4.00 X 0 0 0 MEGHAN SWENSON TRUSTEE 4.00 X 0 0 0 JEFFREY UNGER TRUSTEE 4.00 X 0 0 0 GLORIA YANG TRUSTEE 4.00 X 0 0 0 SUSANNAH WILSON TRUSTEE/TREASURER A/O 01/01/20 4.00 X X 0 0 0 KAREN W MUELLER TRUSTEE/TREASURER THROUGH 01/01/20 4.00 X X 0 0 0 CHRISTOPHER H REYNOLDS TRUSTEE/CLERK 4.00 X X 0 0 0 MARK E FUSCO TRUSTEE/PRESIDENT 10.00 X X 0 0 0 LAURA CONRAD WILSON TRUSTEE/VICE PRESIDENT 4.00 X X 0 0 0 2118867 0 770668 23 0 1 0 SCHWARTZ HANNUM PC 11 CHESTNUT STREET ANDOVER MA 01810 LAWYER/CONSULTANT 242093 1 3941827 83082 3941827 TUITION & FEES 611110 42070512 42070512 SUMMER PROGRAM 611110 1726151 1726151 OTHER REVENUE 611110 414672 414672 44211335 763909 763909 22149761 24077 21647818 0 501943 24077 526020 526020 49443091 44211335 0 1289929 11612566 11612566 1869359 339131 1185114 345114 85716 85716 14687651 12133350 2052347 501954 885995 735535 121443 29017 2821885 2369047 409540 43298 1204719 961836 192020 50863 148578 148578 53205 53205 118068 118068 91454 91454 31236 24041 5784 1411 287001 56442 160478 70081 32179 24766 5959 1454 2671380 2503083 109527 58770 228308 3310 224998 30897 23780 5721 1396 1484823 1391279 60878 32666 2714548 2543532 111296 59720 299047 280207 12261 6579 INSTRUCTIONAL EXPENSES 1344309 1344309 FOOD SERVICE 1169563 1169563 ATHLETICS 707132 707132 SUMMER AND OTHER PROGRA 688480 529886 127490 31104 973515 794623 143808 35084 46241614 39629824 5118281 1493509 2843261 4628810 8053982 5760839 182980 233907 141001 124108 543413 774879 99451542 44428866 45128881 55022676 36595675 34922736 2894551 4926511 50571 19829 96434315 106414295 608469 2018068 7713609 8678876 32260960 32152416 2500000 8000000 264341 263251 43347379 51112611 X 39993070 41040443 13093866 14261241 53086936 55301684 96434315 106414295 3201477 -986729 0 X 0 1 X 1 0 X 2512912 11515542 5011574 13468404 3941827 36450259 2512912 11515542 5011574 13468404 3941827 36450259 6563501 29886758 589875 578828 624550 682951 763909 3240113 39690372 192748462 0.75300 0.78380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 39414229 1346420 129293 38147 1229638 39622157 38844004 282201 1501485 36893 1176568 39414229 37524028 202750 2341659 33136 1191297 38844004 35443006 53243 3708243 1680464 37524028 30036887 236486 6084783 915150 35443006 0.90970 0.04490 0.04540 0 0 358747 358747 66228248 31397831 34830417 11046529 5212760 5833769 10928006 7818275 3109731 10890012 10890012 55022676 ACCRUED INTEREST PAYABLE 254567 CHARITABLE GIFT ANNUITY PAYABLE 8684 263251 X 36725728 -986729 -986729 37712457 118068 11612566 11730634 49443091 34510980 0 34510980 118068 11612566 11730634 46241614 PART III, LINE 4: THE SCHOOL HOLDS TWO PORTRAITS FOR DISPLAY AT THE SCHOOL. BEYOND THIS ARTWORK DISPLAYED IN THE HALLWAYS, THE SCHOOL GALLERY PROVIDES DEDICATED SPACE TO ELEVATE STUDENT ARTWORK. PART V, LINE 4: DEXTER SOUTHFIELD DRAWS UP TO 3.5% ANNUALLY FROM THE ENDOWMENT TO SUPPORT OPERATIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN THE CURRENT YEAR AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 11,612,566. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 11,612,566. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE CURRENT FISCAL YEAR THE RACIALLY NON-DISCRIMINATORY POLICY WAS PUBLISHED ON THE SCHOOL'S WEBSITE. 1 FINANCIAL AID TO STUDENTS 313 11612566 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO SSS WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 TODD VINCENT HEAD OF SCHOOL 425000 0 50000 0 30852 0 28000 0 74050 0 607902 0 146453 0 DANIEL DONATO ADMISSIONS/COACH 169800 0 0 0 30840 0 16980 0 123212 0 340832 0 0 0 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 193000 0 0 0 0 0 19300 0 123249 0 335549 0 58583 0 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 214500 0 0 0 0 0 13995 0 102985 0 331480 0 0 0 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 236950 0 0 0 0 0 15413 0 22085 0 274448 0 0 0 IAN MOORHOUSE DIRECTOR OF OPERATIONS 151400 0 0 0 0 0 13269 0 93969 0 258638 0 0 0 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 175150 0 0 0 0 0 5867 0 14765 0 195782 0 0 0 GEORGE WRIGHT ATHLETICS TEACHER 149950 0 0 0 0 0 14995 0 22007 0 186952 0 0 0 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 144250 0 0 0 0 0 14425 0 21993 0 180668 0 0 0 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 147175 0 0 0 0 0 8106 0 22003 0 177284 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, TODD VINCENT, AND THE ASSOCIATE DIRECTOR OF ADMISSIONS, DANIEL DONATO LIVE IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED IN THEIR FORM W-2 INCOME. PART I, LINE 7 THE HEAD OF SCHOOL WAS GIVEN A BONUS THAT WAS BASED ON CERTAIN BENCHMARKS DETERMINED BY THE BOARD OF DIRECTORS. SCHEDULE J, PART II, COLUMN D TODD VINCENT'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $51,965 FOR 1 CHILD. STEPHANIE GOVERNALI'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $80,900 FOR 2 CHILDREN. IAN MOORHOUSE'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $71,980 FOR 2 CHILDREN. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $101,175 FOR 2 CHILDREN, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $101,175 FOR 2 CHILDREN. TUITION REMISSION IS A NONTAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2007-08-02 47720000 CONSTRUCTION OF NEW CAMPUS BUILDING 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2015-09-14 32262736 TO RETIRE A PORTION OF 2007 BONDS AND FUND THE REFUNDING TRUST AGREEMENT 0 0 0 A 46780000 47720000 2008 0 0 1 1 B 32262736 510416 31752320 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 1 A 1 B 1 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 85716 EMPLOYEE OF THE SCHOOL 0 X 18 83082 FMV ON DATE OF GIFT 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENTS THE INDIVIDUALS WHO DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE CORPORATION. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. IF THERE IS A POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE TO THE COMMITTEE ON TRUSTEES AND GOVERNANACE AND ANY OTHER BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE THE DISCLOSURE HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF A CONFLICT OF INTEREST IS FOUND, THE GOVERNANCE COMMITTEE WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE SCHOOL'S BEST INTEREST AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 FOLLOWING A COMPREHENSIVE COMPENSATION REVIEW AND ANALYSIS OF SALARY AND BENEFITS FOR ALL EMPLOYEES IN THE SPRING OF 2020, THE BOARD OF TRUSTEES MADE AN ADJUSTMENT TO THE COMPENSATION STRUCTURE FOR ITS HEAD OF SCHOOL TO ENSURE ADEQUATE AND COMPETITIVE COMPENSATION. THE COMPENSATION PROCESS REQUIRES REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. THEY COMPARE DATA FROM COMPARABLE SURROUNDING PRIVATE SCHOOLS TO DETERMINE ADEQUATE COMPENSATION. THE PROCESS WAS LAST UNDERTAKEN ON APRIL 2, 2020. THE DELIBERATION AND DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S DOCUMENTS ARE AVAILABLE UPON REQUEST.