2020-07-15T08:51:33-05:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2018-07-01 042103563 TRUSTEES OF DEERFIELD ACADEMY TRUS 4137740241 PO BOX 87 DEERFIELD MA 013420087 KEITH FINAN ASSOC. HEAD OF SCHOOL & CFO 4137740241 2020-07-09 1 LAURA J KENNEY P00202198 6177170831 2020-07-09 64.251.63.131 2020-07-09 12:20:39 ED P 212D4AA7D86991E97AAA9C7923B382683810470F B49528270D5C596423F272EFB472E66EFBF6AFC8 2018 2021-01-29 14:40:06Z KEITH FINAN PO BOX 87 DEERFIELD MA 013420087 208702783 0 X WWW.DEERFIELD.EDU X 1797 MA DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 26 23 653 475 -503374 701552 34636830 18154289 38223976 39639534 12185988 25093384 776898 720739 85823692 83607946 11335316 12423776 0 0 32237519 33578969 3955 0 5451507 24412804 24778790 67989594 70781535 17834098 12826411 970793838 983624901 93268246 89775545 877525592 893849356 X DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 0 0 55145044 12423776 39639534 DURING THE 2018-2019 ACADEMIC YEAR, 575 BOARDING AND 85 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION (GRADES 9-12) INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION. 55145044 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 178 0 1 653 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 23 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X GREG ROLLAND CONTROLLER 4137741412 DEERFIELD ACADEMY DEERFIELD MA 013420087 SIMMONS BRIAN PRESIDENT 8.00 X X 0 0 0 FARMER KATHERINE VICE PRESIDENT 5.00 X X 0 0 0 WRIGHT VICTOR SECRETARY 3.00 X X 0 0 0 RUTH ALICE TREASURER 2.00 X X 0 0 0 CAPUTO A RICHARD TRUSTEE 2.00 X 0 0 0 CLARK BENJAMIN TRUSTEE 2.00 X 0 0 0 DENUNZIO DAVID TRUSTEE 2.00 X 0 0 0 EDWIN ANNA TRUSTEE 2.00 X 0 0 0 FLEMING GREGORY TRUSTEE 2.00 X 0 0 0 GOVI LEILA TRUSTEE 2.00 X 0 0 0 GREER PHILIP TRUSTEE 2.00 X 0 0 0 HARSCH AMY TRUSTEE 2.00 X 0 0 0 KOCH DAVID TRUSTEE 2.00 X 0 0 0 KUO STANFORD TRUSTEE 2.00 X 0 0 0 MCINERNEY MARK TRUSTEE 2.00 X 0 0 0 MOSLEY DANIEL TRUSTEE 2.00 X 0 0 0 NEWTON DIANA TRUSTEE 2.00 X 0 0 0 OFOSU-AMAAH SARA TRUSTEE 2.00 X 0 0 0 PARKER C ALLEN TRUSTEE 2.00 X 0 0 0 QUAZZO STEPHEN TRUSTEE 2.00 X 0 0 0 ROBERTS JANICE TRUSTEE 2.00 X 0 0 0 ROCKEFELLER MARK TRUSTEE 2.00 X 0 0 0 STEIN ELLEN TRUSTEE 2.00 X 0 0 0 WACHSMAN RODOLFO TRUSTEE 2.00 X 0 0 0 WEYMOUTH ELIZABETH TRUSTEE 2.00 X 0 0 0 CURTIS MARGARITA HEAD OF SCHOOL/TRUSTEE 60.00 X X 865447 0 185410 FINAN KEITH CHIEF FINANCIAL OFFICER 60.00 X 313595 0 57869 TAYLOR JOHN DEAN OF FACULTY 60.00 X 209426 0 84058 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 60.00 X 267914 0 49140 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 60.00 X 161519 0 71555 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 60.00 X 159981 0 94096 WILLIAMS MILTON DIRECTOR OF FACILITIES THROUGH 12/31/18 60.00 X 155840 0 33039 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 60.00 X 154733 0 69671 MOORE RACHEL DIRECTOR OF LEADERSHIP GIFTS 60.00 X 152514 0 32377 2440969 0 677215 23 0 1 0 EDGEWOOD MANAGEMENT LLC 535 MADISON AVENUE 15TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 251554 BRYAN HOBBS REMODELING LLC PO BOX 1535 GREENFIELD MA 01302 REMODELING 211661 CALLAHAN PAINTING 8A HARKNESS ROAD PELHAM MA 01002 PAINTING & RESTORATION 151288 JOHN MOORE PAINTING 785 WENDELL ROAD SHUTESBURY MA 01072 PAINTING & RESTORATION 138260 DENNIS BOOSKA 169 AVENUE A TURNER FALLS MA 01376 FLOORING 110709 5 18154289 2466572 18154289 TUITION AND FEES 611710 38163971 38163971 AUXILIARY PROGRAMS 611710 785560 785560 SUMMER EDUCATION 611710 690003 690003 39639534 3188264 -1188665 4376929 146465110 124559990 21905120 21905120 641267 21263853 1039104 534847 504257 504257 OTHER REVENUE 900099 121820 121820 OUTSIDE FUNCTION REVENUE 900099 60666 44024 16642 SUMMER SPORTS CAMPS 713940 33996 33996 216482 83607946 39639534 -503374 26317497 771098 771098 11652678 11652678 2435639 292649 1640108 502882 151940 25299 44663 81978 22066208 17038388 2530784 2497036 2317234 1730146 307023 280065 4856112 3599795 767268 489049 1751836 1271943 284961 194932 149303 149303 63075 63075 768243 768243 431665 193442 113044 125179 34370 5057 12457 16856 972088 464031 374624 133433 959684 822188 110083 27413 3596330 3371200 187369 37761 756799 391807 111289 253703 395805 294068 94329 7408 2591673 2591673 7570482 7096570 394422 79490 716672 659 716013 FOOD 1232390 1041704 9177 181509 EQUIPMENT 494431 366779 85695 41957 TEXTBOOKS 374605 374181 385 39 ANNUITY PAYMENTS 363514 363514 3307661 1749689 1057155 500817 70781535 55145044 10184984 5451507 12050 12110 16605374 13681121 68395761 55715226 234113 206270 381733 329877 782296 1300012 343791462 72307235 252160807 271484227 325446912 307207067 306231355 332818132 543437 870859 970793838 983624901 14781574 7878591 4224115 4583274 50571386 48994037 20200000 25000000 3491171 3319643 93268246 89775545 X 345978079 358767242 314363760 311069995 217183753 224012119 877525592 893849356 970793838 983624901 12826411 3497353 0 X 0 1 X 1 0 X 62989926 5324098 22354964 34636830 18154289 143460107 62989926 5324098 22354964 34636830 18154289 143460107 24695437 118764670 1261481 1654472 1667402 2362622 3188264 10134241 1658182 365904 261233 2776517 4711 5066547 1357453 1350077 1224436 1238311 1211562 6381839 165042734 185283348 0.71960 0.75960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE OUTSIDE FUNCTION REVENUE SALES OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X EDUCATION 0 595378477 6564194 25178690 8241481 14759245 768243 603352392 569543991 8181268 60741785 7566898 34845111 676558 595378477 503540868 7014018 79776936 6977497 13042233 768101 569543991 550133512 -6674183 -20501710 6299438 12314002 803311 503540868 516856112 20134377 31187162 5685364 11548136 810639 550133512 0.27000 0.34000 0.39000 1 0 5068626 5068626 305228065 53955258 251272807 23211961 12860069 10351892 10282810 5491908 4790902 271484227 HEDGE FUNDS 195362938 F ALTERNATIVE ASSETS 121609122 F CASH AND CASH EQUIVALENTS 15846072 F 332818132 LIFE INCOME OBLIGATIONS 3319643 3319643 75003738 3497353 623477 4120830 70882908 768243 11956795 12725038 83607946 58679974 623477 623477 58056497 768243 11956795 12725038 70781535 PART III, LINE 1A: CONTRIBUTIONS OF ASSETS OTHER THAN CASH ARE RECORDED AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF GIFT EXCEPT THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED. PART III, LINE 4: DEERFIELD ACADEMY MAINTAINS A COLLECTION OF ART AND HISTORICAL ITEMS FOR USE IN ITS ADVANCEMENT OF STUDENT EDUCATION AND AS A RESOURCE FOR THE STUDY AND EXPLORATION OF ART, HISTORY, CULTURE, CURRENT AFFAIRS, AESTHETICS, AND MEDIA. PART V, LINE 4: ENDOWMENT FUNDS ARE FOR FINANCIAL AID, FACULTY SALARIES, PROFESSIONAL DEVELOPMENT, GENERAL OPERATIONS, AND OTHER. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 534,847. UBIT 88,630. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 11,956,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 534,847. UBIT 88,630. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 11,956,795. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 BY PUBLICATION IN REGIONAL NEWSPAPERS - "THE BOSTON GLOBE". THIS IS DONE ANNUALLY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 267190774 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 24533 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, RECRUITMENT & DEVELOPMENT 107875 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM RECRUITMENT & DEVELOPMENT 30999 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES RECRUITMENT & DEVELOPMENT 844 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES STUDY ABROAD 34340 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, PROGRAM SERVICES STUDY ABROAD 25200 0 0 0 0 0 0 267414565 0 267414565 1 0 1 1 1 0 1 TOWN OF DEERFIELD 501(C)(3) 154300 538507 COST OUT-OF-POCKET-EXPENSES CHARITABLE UNITED WAY OF FRANKLIN COUNTY 042212894 501(C)(3) 16675 CHARITABLE DEERFIELD AREA FIRE PROTECTION DISTRICT 501(C)(4) 22642 CHARITABLE SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW 833210345 501(C)(3) 16063 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY 042491950 501(C)(3) 10000 3631 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE 4 1 SCHOLARSHIPS 243 10970190 CASH VALUE TUITION & FEES OTHER STUDENT SUPPORT 108 682488 CASH VALUE OTHER STUDENT SUPPORT PART I, LINE 2: GRANTS ARE PROVIDED VIA A REDUCTION IN TUITION. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 CURTIS MARGARITA HEAD OF SCHOOL/TRUSTEE 841614 0 0 0 23833 0 119695 0 65715 0 1050857 0 0 0 FINAN KEITH CHIEF FINANCIAL OFFICER 295345 0 0 0 18250 0 35999 0 21870 0 371464 0 0 0 TAYLOR JOHN DEAN OF FACULTY 198426 0 0 0 11000 0 27270 0 56788 0 293484 0 0 0 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 267914 0 0 0 0 0 35113 0 14027 0 317054 0 0 0 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 160319 0 0 0 1200 0 21460 0 50095 0 233074 0 0 0 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 151581 0 0 0 8400 0 20187 0 73909 0 254077 0 0 0 WILLIAMS MILTON DIRECTOR OF FACILITIES THROUGH 12/31 155840 0 0 0 0 0 19847 0 13192 0 188879 0 0 0 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 153533 0 0 0 1200 0 20025 0 49646 0 224404 0 0 0 MOORE RACHEL DIRECTOR OF LEADERSHIP GIFTS 152514 0 0 0 0 0 19257 0 13120 0 184891 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS ALLOWED FOR INTERNATIONAL TRIPS ONLY. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE HEAD OF SCHOOL AND SPOUSE, TO ASSIST THEM IN FULFILLING THEIR RESPONSIBILITIES AND DUTIES TO THE ACADEMY. THESE POLICIES ARE IN WRITING. EMPLOYEES WHO ARE PROVIDED HOUSING ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THESE HOMES ARE AVAILABLE FOR HOUSING VISITORS AND FOR OTHER USES DURING SCHOOL SPONSORED EVENTS. PART I, LINE 4B MARGARITA O'BYRNE CURTIS PARTICIPATES IN A 457(F) PLAN. SEPARATELY, MARGARITA O'BYRNE CURTIS HAS A NONQUALIFIED DEFERRED COMPENSATION AGREEMENT WITH THE ACADEMY. A MA DEVELOPMENT FINANCE AGENCY 043431814 57583R3N3 2010-11-10 42925825 TO REFUND PRIOR ISSUES DATED 11/1/1997, 6/26/2003, & 7/16/2008. 0 0 0 B MA DEVELOPMENT FINANCE AGENCY 043431814 2013-05-02 15000000 TO EXPAND AND RENOVATE THE FINE ARTS BUILDING 0 0 0 A 42925825 40506 42328508 556811 2010 1 1 1 1 B 15000000 107600 14892400 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/10/2016 VARIOUS TRUSTEE MEMBER 36000 FINANCIAL AID TUITION MANNING CURTIS SPOUSE OF HEAD OF SCHOOL 49625 TOTAL COMPENSATION AND BENEFITS 0 ELIZABETH DICKSON SIBLING OF TRUSTEE MEMBER 81978 TOTAL COMPENSATION AND BENEFITS 0 LORI CLARK SPOUSE OF TRUSTEE MEMBER 20337 TOTAL COMPENSATION AND BENEFITS 0 X 102 2466572 MARKET VALUE 0 1 0 PART I, COLUMN (B): THE UNITS SHOWN ARE THE NUMBER OF SEPARATE STOCK DONATIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 7A EXISTING BOARD MEMBERS VOTE IN NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THIS 2018 FORM 990 WERE SENT TO THE AUDIT COMMITTEE AND THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER, WHICH REPRESENTS APPROXIMATELY 30% OF THE ENTIRE BOARD. PRIOR TO FILING, A MEETING WITH THE AUDIT COMMITTEE MEMBERS AND MANAGEMENT TOOK PLACE IN ORDER TO REVIEW THE RETURN AND ANSWER ALL QUESTIONS. THIS FORM 990, EXCLUDING SCHEDULE B, SCHEDULE OF CONTRIBUTORS, WAS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS PROHIBIT A TRUSTEE FROM VOTING, APPROVING, OR MAKING A RECOMMENDATION REGARDING A TRANSACTION BETWEEN THE ACADEMY AND AN ENTITY IN WHICH THE INDIVIDUAL OR A MEMBER OF HIS OR HER FAMILY HAS AN OWNERSHIP INTEREST. MANAGEMENT ANNUALLY REVIEWS CONFLICT OF INTEREST QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH POLICY. FORM 990, PART VI, SECTION B, LINE 15A DEERFIELD ACADEMY'S BOARD OF TRUSTEES OVERSEES THE COMPENSATION OF THE ACADEMY'S TOP MANAGEMENT OFFICIALS. HEAD OF SCHOOL - THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR THE POSITION OF HEAD OF SCHOOL TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. MINUTES OF THE PERSONNEL & COMPENSATION COMMITTEE MEETING ARE MAINTAINED DOCUMENTING THE DISCUSSIONS REGARDING THE COMPENSATION SETTING FOR THE HEAD OF SCHOOL. SENIOR STAFF - THE HEAD OF SCHOOL REVIEWS, IN CONJUNCTION WITH THE PRESIDENT OF THE BOARD, SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR OTHER TOP MANAGEMENT OFFICIALS, TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.