2020-07-15T15:34:14-05:00 2019-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2018-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 JOHN FERRIS CHIEF FINANCIAL OFFICER 6037356000 2020-07-15 1 W JAY SIMMS P00435321 6036530044 2020-07-15 216.107.201.226 2020-07-15 14:49:03 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 967DC28EC917779FA65461E96585814278A255C3 2018 2021-01-29 14:40:06Z MICHAEL HENRIQUES PO BOX 500 ANDOVER NH 03216 42162007 0 X PROCTORACADEMY.ORG X 1848 NH TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 31 31 340 175 184077 0 6424383 5098940 22954536 24246716 27650 -492132 71380 93323 29477949 28946847 4492689 4460767 0 0 13292351 13696064 0 0 1329009 9704095 10699906 27489135 28856737 1988814 90110 80759823 83509711 23547894 24107078 57211929 59402633 X TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 24783310 4460767 24252319 EDUCATING 370 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 24783310 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 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 1 108 0 1 340 1 1 1 1 BE 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PROCTOR ACADEMY 6037356000 BUSINESS OFFICE 204 MAIN ST ANDOVER NH 03216 ELIZABETH BLODGETT-SMITH VICE PRESIDENT 1.00 X X 0 0 0 STEPHEN THEROUX TREASURER 1.00 X X 0 0 0 SARAH SELDEN BUSH TRUSTEE 1.00 X 0 0 0 VICTORIA GRAHAM TRUSTEE 1.00 X 0 0 0 D THOMAS HEALEY JR PRESIDENT 1.00 X X 0 0 0 CHRISTINE JOHNSON TRUSTEE 1.00 X 0 0 0 ANDREA JOHNSTONE TRUSTEE 1.00 X 0 0 0 JANE LOCKWOOD TRUSTEE 1.00 X 0 0 0 LAURA ANKER CLERK 1.00 X X 0 0 0 MATT NATHANSON TRUSTEE 1.00 X 0 0 0 PAUL SCHIMMEL TRUSTEE 1.00 X 0 0 0 WALTER PERRY TRUSTEE 1.00 X 0 0 0 GREG SAMAHA TRUSTEE 1.00 X 0 0 0 R OLIVER SCHWAB JR TRUSTEE 1.00 X 0 0 0 TRAVIS WARREN TRUSTEE 1.00 X 0 0 0 WILBUR BOLTON III TRUSTEE 1.00 X 0 0 0 JOANNA DE PENA TRUSTEE 1.00 X 0 0 0 MARK JOHNSON TRUSTEE 1.00 X 0 0 0 KATIE KIDDER TRUSTEE 1.00 X 0 0 0 NICOLE LUSKEY TRUSTEE 1.00 X 0 0 0 ANNE ROWLEY TRUSTEE 1.00 X 0 0 0 ARMINS RUSIS TRUSTEE 1.00 X 0 0 0 BRIAN WICENSKI TRUSTEE 1.00 X 0 0 0 BERNARD AUYANG TRUSTEE 1.00 X 0 0 0 KAREN BONEWALD TRUSTEE 1.00 X 0 0 0 MAX COBB TRUSTEE 1.00 X 0 0 0 BECKY KIDDER SMITH TRUSTEE 1.00 X 0 0 0 STEVE KURSH TRUSTEE 1.00 X 0 0 0 REBECCA LEAVITT TRUSTEE 1.00 X 0 0 0 DOUG ROBIE TRUSTEE 1.00 X 0 0 0 STEVE WILKINS TRUSTEE 1.00 X 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 40.00 X 338367 0 56030 JOHN FERRIS CHIEF FINANCIAL & OPERATIN 40.00 X 195144 0 35024 KEITH BARRETT DIRECTOR OF DEVELOPMENT 40.00 X 169175 0 32880 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & M 40.00 X 121697 0 114723 KARL METHVEN DEAN OF FACULTY 40.00 X 106869 0 28735 931252 0 267392 5 0 1 0 0 5098940 165406 5098940 TUITION & FEES 611710 21999289 21999289 PROGRAM SUPPORT REVENU 611710 1331838 1331838 SUMMER PROGRAM REVENUE 611710 915589 915589 24246716 638770 638770 35547 14973 20574 20574 20574 11763450 12844119 50233 -1080669 -50233 -1130902 -1130902 15420 12009 3411 3411 173484 293826 -120342 -120342 SKI HILL INCOME 713990 114364 5603 108761 HOCKEY RINK INCOME 713940 48481 48481 CONFERENCE INCOME 722410 26835 26835 189680 28946847 24252319 184077 -588489 4460767 4460767 595989 595989 10040637 8514767 778981 746889 587396 498317 45368 43711 1734691 1407482 203749 123460 737351 592930 92411 52010 65228 65228 60842 60842 152435 152435 29357 10932 18425 16707 15349 1358 169332 119700 46049 3583 225060 180862 36009 8189 956286 888298 48563 19425 158809 76949 63273 18587 461848 429519 23092 9237 2699179 2510236 134959 53984 435813 394749 27545 13519 SUPPLIES 1614083 1272047 121787 220249 INSTRUCTIONAL 1325429 1325429 STUDENT ACTIVITIES 1126077 1126077 REPAIRS AND MAINTENANCE 1033673 958900 59965 14808 169748 169748 28856737 24783310 2744418 1329009 426059 416959 1821446 1588644 513499 142289 229273 249788 505360 712662 78401994 30133760 43749716 48268234 31965849 30589474 835647 835647 712974 706014 80759823 83509711 2775495 1828427 5136981 4446617 15183419 17320746 7721 123211 444278 388077 23547894 24107078 X 33004726 38161584 6774627 3258767 17432576 17982282 57211929 59402633 80759823 83509711 X 90110 2102362 -1768 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28024626 547088 1499724 1258000 28813438 25660482 1742157 1606821 984834 28024626 20699218 453561 2273966 -2233737 25660482 21998959 158705 -485434 973012 20699218 22096968 813000 144991 1056000 21998959 0.38650 0.60830 0.00520 0 0 3053161 3053161 63538905 24371908 39166997 9339979 5076214 4263765 2469949 685638 1784311 48268234 CAPITAL LEASE OBLIGATIONS 60055 RETIREMENT OBLIGATIONS 308000 SPLIT INTEREST AGREEMENTS 20022 388077 X 26585299 2102362 -4632283 -2529921 29115220 152435 -320808 -168373 28946847 24394595 320808 320808 24073787 152435 4630515 4782950 28856737 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT WITH REGARD TO UNRELATED BUSINESS INCOME, WHICH IS TAXED AT CORPORATE INCOME TAX RATES. ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE SCHOOL HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: PLEDGE VALUATION ALLOWANCE -169,748. FINANCIAL AID -4,460,767. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES -1,768. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -12,009. RENTAL EXPENSES -14,973. BOOKSTORE COST OF SALES -293,826. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 293,826. RENTAL EXPENSES 14,973. FUNDRAISING EVENT EXPENSES 12,009. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,460,767. PLEDGE VALUATION ALLOWANCE 169,748. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PROCTOR ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE CONCORD MONITOR NEWSPAPER ANNUALLY IN SEPTEMBER. THE POLICY IS PUBLICIZED ON THE PROCTOR ACADEMY'S WEBSITE. FRANCE 1 2 PROGRAM SERVICES STUDY ABROAD TERM 188224 SPAIN 1 2 PROGRAM SERVICES STUDY ABROAD TERM 279799 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TERM 106791 CHINA 0 2 PROGRAM SERVICES SUMMER IMMERSION TRIP 48142 2 6 0 0 2 6 622956 0 622956 0 0 0 0 0 0 ANNUAL GOLF TOURNAMENT 15420 15420 6651 5358 15420 15420 6651 5358 12009 3411 0 FINANCIAL AID & TUITION REMISSION. 155 4460767 FMV SCHOLARSHIPS AND OTHER FINANCIAL AID FOR STUDENTS. SCHEDULE I, LINE 2 THE DIRECTOR OF FINANCIAL AID MAINTAINS THE RECORDS, AND THE CHIEF FINANCIAL & OPERATING OFFICER CONFIRMS THE TOTAL FINANCIAL AID TO THE BUDGETED AMOUNT. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 338367 0 0 0 0 0 19250 0 36780 0 394397 0 0 0 JOHN FERRIS CHIEF FINANCIAL & OPERATIN 195144 0 0 0 0 0 12024 0 23000 0 230168 0 0 0 KEITH BARRETT DIRECTOR OF DEVELOPMENT 169175 0 0 0 0 0 11850 0 21030 0 202055 0 0 0 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & M 121697 0 0 0 0 0 92750 0 21973 0 236420 0 0 0 PART I, LINE 1A ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. AS A CONDITION OF EMPLOYMENT AS HEAD OF SCHOOL AND IN ORDER TO FULFILL RESPONSIBILITIES AS HEAD OF SCHOOL, AND FOR THE CONVENIENCE OF THE SCHOOL THE HEAD OF SCHOOL WILL BE PROVIDED WITH HOUSING ON THE MAIN CAMPUS OF THE SCHOOL, WHICH INCLUDES PAYMENT OF ALL UTILITIES. A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 000000000 2017-01-25 25000000 FINANCE EXISTING DEBT, SUBSIDIZE DEFERRED MAINTENANCE AND CAMPAIGN PROJECTS. 0 0 0 A 17519322 215976 17303346 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS ARE DIFFERENT FROM THE ISSUE PRICE GIVEN THAT PROCTOR MAY DRAW ON THE BOND UNTIL JANUARY 1, 2020. AS OF JUNE 30, 2019 PROCTOR HAD DRAWN $17,519,322. X 27 165406 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: PROCTOR HAS AN ACCOUNT AT MORGAN STANLEY AND ALL STOCK GIFTS ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THE FINANCE COMMITTEE INCLUDING THE PRESIDENT AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE ASKED ANNUALLY TO REPORT ON ANY CONFLICTS OF INTERESTS THAT THEY MAY HAVE. THAT INFORMATION IS ANNOUNCED PUBLICLY TO THE REST OF THE BOARD AND POSTED INTO THE NEWSPAPER. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE -1,768.