2020-07-15T01:03:43-05:00 2019-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2018-07-01 042506944 TENACRE COUNTRY DAY SCHOOL CORPORATION TENA 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 DAVID GORDON DIR. OF FINANCE & OPERATIONS 7812352282 2020-07-14 1 LYNNE JOHNSON P00757336 6179129000 68.199.170.159 2020-07-14 17:19:51 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5986EA02A50E5C1C2A76B2DCE64E771EF2BE8307 2018 2020-09-23 17:36:50Z TENACRE COUNTRY DAY SCHOOL WILLIAM G CRISSMAN 78 BENVENUE STREET WELLESLEY MA 02482 9755149 0 X WWW.TENACRECDS.ORG X 1972 MA TENACRE COUNTRY DAY SCHOOL ("TENACRE") PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 198 STUDENTS ENROLLED FOR THE 2018-2019 SCHOOL YEAR. TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. 24 24 214 160 0 0 1820011 1222911 7466260 8014975 439074 356360 121032 111179 9846377 9705425 973780 1067723 0 0 6271057 5883613 0 0 425135 2610883 2854144 9855720 9805480 -9343 -100055 38247688 38975122 5238116 4559443 33009572 34415679 X TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. TENACRE COUNTRY DAY SCHOOL, A SMALL, COEDUCATIONAL, INDEPENDENT SCHOOL FOR CHILDREN IN PRE-KINDERGARTEN THROUGH GRADE SIX, IS COMMITTED TO:- PROVIDING A THOROUGH ACADEMIC PREPARATION FOR STUDENTS THROUGH A WELL-DEFINED PROGRAM THAT FOSTERS A LOVE OF LEARNING AND THINKING, THE CONFIDENCE TO TAKE RISKS AND THE COMMITMENT TO EFFORT. - ENCOURAGING THE SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL DEVELOPMENT OF STUDENTS TO NURTURE THE GROWTH OF INDIVIDUAL CHARACTER. - PROMOTING A DIVERSE AND INCLUSIVE ENVIRONMENT AND COMMUNITY, WHICH ENGENDERS A RESPECT FOR THE SIMILARITIES AND DIFFERENCES OF ALL PEOPLE.- DEVELOPING AN ENVIRONMENTALLY RESPONSIBLE COMMUNITY BY ADOPTING SUSTAINABLE PRACTICES. (SEE SCH. O LAST PG) 0 0 5950401 998557 6626969 TENACRE COUNTRY DAY SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 198 STUDENTS ENROLLED DURING THE 2018-2019 SCHOOL YEAR. 942083 1210065 TENACRE OPERATES INSTRUCTIONAL SUMMER DAY PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. SUMMER PROGRAMS PROVIDE INSTRUCTION IN ARTS, CRAFTS, MUSIC, SWIMMING, AND OTHER SPORTS AND ACTIVITIES. THERE WERE ABOUT 475 STUDENTS/CHILDREN ENROLLED THIS YEAR. 231311 69166 233586 TENACRE PROVIDES AFTER SCHOOL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. AFTER SCHOOL PROGRAMS PROVIDE INSTRUCTION AND DEVELOPMENT TO STUDENTS OUTSIDE THE COURSE OF THE TRADITIONAL SCHOOL DAY. THERE WERE APPROXIMATELY 45-50 STUDENTS ENROLLED DAILY DURING THE 2018-2019 SCHOOL YEAR. 419691 TENACRE PROVIDES A FOOD PROGRAM, INCLUDING SNACKS AND LUNCHES, FOR ITS STUDENTS DURING THE SCHOOL YEAR. 419691 7543486 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 18 0 1 214 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X DAVID GORDON 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 JENNIFER CARLSON-PIETRASZEK TRUSTEE 1.00 X 0 0 0 J STUART ABLON PHD TRUSTEE 1.00 X 0 0 0 ELIZABETH CLARKE TRUSTEE 1.00 X 0 0 0 MARC COSTANTINI TRUSTEE 1.00 X 0 0 0 WARREN CROSS JR TRUSTEE 1.00 X 0 0 0 SHERRIE DELINSKY TRUSTEE 1.00 X 0 0 0 MARY H DUNNE TRUSTEE 1.00 X 0 0 0 WILLIAM G FOLEY TRUSTEE 1.00 X 0 0 0 ROGER FORMAN TRUSTEE 1.00 X 0 0 0 C JEFFERY GROGAN TRUSTEE 1.00 X 0 0 0 BETH HAMORY TRUSTEE 1.00 X 0 0 0 CARLA HIGGINS TRUSTEE 1.00 X 0 0 0 JOHNATHAN JENKINS TRUSTEE 2.00 X 0 0 0 STEPHEN B KISTNER TREASURER 1.00 X X 0 0 0 CYNTHIA LAWRY TRUSTEE 1.00 X 0 0 0 GWYNETH LOUD TRUSTEE 1.00 X 0 0 0 GRAHAM MASIIWA TRUSTEE 1.00 X 0 0 0 PATRICIA MORDAS TRUSTEE 1.00 X 0 0 0 MICHELE NORMAN CHAIR OF BOARD OF TRUSTEES 1.00 X X 0 0 0 PETER PALLADINO TRUSTEE 1.00 X 0 0 0 STEPHANIE PRICE TRUSTEE 1.00 X 0 0 0 JENNIFER G SKOLER TRUSTEE 1.00 X 0 0 0 KURT SOMERVILLE TRUSTEE 1.00 X 0 0 0 PETER WALTER TRUSTEE 1.00 X 0 0 0 LOU ANNE COLLINS ASST. HEAD OF SCHOOL 40.00 X 125270 0 41544 LINDA NITSCHELM ASST. TO HEAD OF SCHOOL (UNTIL 8/31/18) 40.00 X 68062 0 13182 WILLIAM CRISSMAN HEAD OF SCHOOL 40.00 X 113003 0 31755 DAVID GORDON DIRECTOR, FINANCE & OPS. 40.00 X 61371 0 16273 KALI BRINK ASST. HEAD OF SCHOOL 40.00 X 34850 0 15396 JODY BARRON DIRECTOR OF DEVELOPMENT 40.00 X 108201 0 38577 CHRISTIAN B ELLIOT FORMER HEAD OF SCHOOL 40.00 X 295000 0 45244 ROD FLETCHER FORMER DIR., FINANCE & OPS. 32.00 X 61512 0 7327 867269 0 209298 4 1 1 0 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 458788 1 4279 1218632 43748 1222911 TUITION 611600 6566665 6566665 SUMMER PROGRAMS 611710 1210065 1210065 AFTER SCHOOL PROGRAMS 611710 233586 233586 AUXILIARY ACTIVITIES 900099 4659 4659 8014975 351260 351260 55265 0 55265 55265 55265 5100 0 5100 5100 5100 40191 4279 48335 -8144 -8144 9802 1389 8413 8413 MISCELLANEOUS INCOME 900099 55645 55645 55645 9705425 8070620 0 411894 1067723 1067723 1210845 1064067 146778 3522610 3229675 138161 154774 272923 227164 31741 14018 552240 496310 10385 45545 324995 227291 76364 21340 24205 5169 19036 42658 42658 51411 51411 62246 11344 50902 62190 5086 57104 125938 112138 13800 87321 12324 73691 1306 60999 56788 4211 655517 610253 45264 41125 41125 PLANT OPERATIONS 705282 658148 47134 FOOD 463219 424832 38387 SUPPLIES 196723 169746 1379 25598 MISC SCHOOL ACTIVITIES 180927 170928 9999 94383 58567 20040 15776 9805480 7543486 1836859 425135 805938 1505347 940927 144223 872247 465334 448891 47243 14720 312281 329998 19766424 6985204 13192978 12781220 21435426 23448037 239000 239000 38247688 38975122 986615 621378 2091170 2712225 2160331 1225840 5238116 4559443 X 28725421 30386101 2214738 1953365 2069413 2076213 33009572 34415679 38247688 38975122 -100055 1506162 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 PART II-B, LINE 1: THE SCHOOL IS A DUES PAYING MEMBER (APPROXIMATELY $250/YEAR) OF THE MA ASSOCIATION OF NON PROFIT SCHOOLS AND COLLEGES WHICH ADVOCATES FOR SCHOOLS WITH RESPECT TO LEGISLATION. (SEE WWW.MANSAC.ORG.) 22195724 187707 941136 23324567 21103093 160450 932181 22195724 19527879 125800 1449414 21103093 20285788 126250 -884159 19527879 20131591 128800 25397 20285788 0.84160 0.01010 0.14830 0 0 448554 448554 17205168 5537903 11667265 2112702 1447301 665401 12781220 CAPTIAL LEASE OBLIGATION 35840 LINE OF CREDIT 1190000 1225840 X 10188511 1506162 -1072800 433362 9755149 -49724 -49724 9705425 8782404 49724 49724 8732680 1072800 1072800 9805480 PART V, LINE 4: THE PRIMARY PURPOSE OF THE UNRESTRICTED ENDOWMENT FUND IS TO SEEK MAXIMUM TOTAL RETURN WITH AN ACCEPTABLE LEVEL OF RISK THROUGH INVESTMENT IN A DIVERSIFIED PORTFOLIO. UNDER ORDINARY CIRCUMSTANCES, THE SCHOOL WILL SPEND NO MORE THAN 4.5% OF THE AVERAGE QUARTER END VALUES OF THE ENDOWMENT FOR THE PAST TWELVE QUARTERS AT DECEMEBER 31 OF THE PRIOR YEAR. IT IS THE INTENT NOT TO INVADE PRINCIPAL, EXCEPT TO MEET THE ANNUAL SPENDING RATE, AS AUTHORIZED BY THE TRUSTEES. TENACRE SEEKS TO BUILD ENDOWMENT INCOME TO CONTRIBUTE TO THE OPERATING BUDGET AND MITIGATE ESCALATING OPERATING COSTS. THE GOALS ARE TO SUPPORT THE SCHOOL'S ANNUAL OPERATING BUDGET, TO KEEP TUITION INCREASES REASONABLE AND SUPPORT STAFF SALARY AND BENEFIT INCREASES. PART X, LINE 2: THE SCHOOL 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 THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS NO MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2016. THE SCHOOL ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS A PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS -998,557. AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE -69,166. EXPENSES NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -5,077. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B -48,335. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B -1,389. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B 48,335. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B 1,389. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 998,557. AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE 69,166. EXPENSES NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 5,077. 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 SCHOOL'S POLICY IS DOCUMENTED ON THE FIRST PAGE OF ITS PROMOTIONAL BROCHURE. IN ADDITION, AN ADVERTISEMENT IS PLACED EACH YEAR IN THE BOSTON GLOBE NEWSPAPER IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. ORCHARDFEST FAIR 25414 4279 21135 22580 25414 4279 21135 22580 22580 -1445 1 FINANCIAL AID AND AFTER SCHOOL PROGRAM AID 33 888876 TUITION REMISSION 11 176806 SUMMER TUTORING, SUPPLIES AND OTHER EXPENSES 5 2041 PART I, LINE 2: TENACRE FINANCIAL AID RECIPIENTS MUST FILL OUT THE SCHOOL AND STUDENT SERVICE (SSS) PARENT FINANCIAL STATEMENT (PFS) ANNUALLY. EVERY EFFORT WILL BE MADE TO MEET THE NEEDS OF TENACRE FAMILIES CURRENTLY RECEIVING ASSISTANCE, PROVIDING: 1. ALL NECESSARY FORMS ARE SUBMITTED IN A TIMELY FASHION, 2. STUDENTS REMAIN IN GOOD ACADEMIC STANDING, 3. ALL TUITION PAYMENTS ARE CURRENT, OR SATISFACTORY PAYMENT ARRANGEMENTS HAVE BEEN MADE. FINANCIAL AID AT TENACRE IS BASED ON FINANCIAL NEED ONLY. THE COMMITTEE USES THE SSS AS A GUIDELINE IN OUR DECISIONS. TENACRE HAS A FIXED AMOUNT OF FUNDING AVAILABLE EACH YEAR FOR FINANCIAL AID, AND THEREFORE, IN A GIVEN YEAR, MAY BE UNABLE TO MEET A FAMILY'S TOTAL NEED, ALTHOUGH IT IS OUR POLICY TO CONTINUE FUNDING FAMILIES WITH STUDENTS CURRENTLY ENROLLED UNLESS THERE IS A SIGNIFICANT CHANGE IN THE FAMILY'S FINANCIAL SITUATION. EACH FAMILY BEARS THE PRIMARY RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION. IN CASES WHERE PARENTS ARE NOT LIVING TOGETHER, THE RESOURCES OF BOTH THE NONCUSTODIAL AND CUSTODIAL PARENT AND NEW SPOUSES (IF ANY) MAY BE CONSIDERED IN ESTABLISHING A LEVEL OF NEED. THE FINANCIAL AID COMMITTEE INCLUDES THE HEAD OF SCHOOL, THE DIRECTOR OF FINANCE AND OPERATIONS AND THE DIRECTOR OF ENROLLMENT MANAGEMENT. WE RESERVE THE RIGHT TO REQUEST ADDITIONAL INFORMATION FROM FAMILIES IN ORDER TO EVALUATE THEIR FINANCIAL NEEDS MORE EFFECTIVELY. X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 LOU ANNE COLLINS ASST. HEAD OF SCHOOL 124289 0 0 0 981 0 13268 0 28276 0 166814 0 0 0 CHRISTIAN B ELLIOT FORMER HEAD OF SCHOOL 111079 0 0 0 183921 0 27500 0 17744 0 340244 0 100000 0 ROD FLETCHER FORMER DIR., FINANCE & OPS. 61125 0 0 0 387 0 5579 0 1748 0 68839 0 0 0 PART I, LINE 1A CHRISTIAN B. ELLLIOT, FORMER THE HEAD OF SCHOOL, RECEIVED THE FOLLOWING BENEFITS AND THE AMOUNTS ARE REPORTED IN SCH. J, PART II: - GROSS UP PAYMENT OF 457B PLAN $18,500 CONTRIBUTION BY THE SCHOOL - DISCRETIONARY BUDGET ACCOUNT TO SPEND ON SCHOOL RELATED EXPENSES, $4,900 BUDGET IN FY19. - ON CAMPUS HOUSING AS A CONTRACTUAL REQUIREMENT FOR HIS JOB AT TENACRE, ESTIMATED $30,000 FOR THE TAX YEAR. - HEALTH CLUB MEMBERSHIP, THE HEAD OF SCHOOL RECEIVED $0 FOR THE TAX YEAR. ALL EMPLOYEES ARE ELIGIBLE. - HOUSE CLEANING SERVICES, THE SCHOOL PAID $1,440 IN FY19. WILLIAM CRISSMAN, THE HEAD OF SCHOOL, RECEIVED THE FOLLOWING BENEFITS AND THE AMOUNTS ARE REPORTED IN SCH. J, PART II: - DISCRETIONARY BUDGET ACCOUNT TO SPEND ON SCHOOL RELATED EXPENSES, $5,200 BUDGET IN FY19. - ON CAMPUS HOUSING AS A CONTRACTUAL REQUIREMENT FOR HIS JOB AT TENACRE, ESTIMATED $30,000 FOR THE TAX YEAR. - HEALTH CLUB MEMBERSHIP, THE HEAD OF SCHOOL RECEIVED $0 FOR THE TAX YEAR. ALL EMPLOYEES ARE ELIGIBLE. - HOUSE CLEANING SERVICES, THE SCHOOL PAID $350 IN FY19. PART I, LINE 4B THE SCHOOL CREATED A DEFERRED COMPENSATION PLAN (SEC. 457(F) PLAN) FOR THE FORMER HEAD OF SCHOOL. ANNUAL CONTRIBUTIONS ARE DETERMINED BY THE BOARD OF TRUSTEES IN ITS FULL DISCRETION. THE PLAN BECAME FULLY VESTED ON JUNE 30, 2018. THE SCHOOL CONTRIBUTED APPROXIMATELY $27,500 AND $34,000 TO THE PLAN FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. 86585 NEED-BASED SCHOLARSHIPS FINANCIAL AID X 3 43748 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS OF STOCK RECEIVED AND NOT THE NUMBER OF ACTUAL SHARES RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE & OPERATIONS PREPARED THE 990 INFORMATION PACKAGE FOR THE SCHOOL'S AUDIT AND TAX PREPARATION FIRM, RSM US LLP. ONCE RSM US LLP HAD PREPARED THE FORM 990, IT WAS DISTRIBUTED TO THE TENACRE FINANCE COMMITTEE, WHICH ACTS AS THE SCHOOL'S AUDIT COMMITTEE, AND TO THE TENACRE BOARD OF TRUSTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL CIRCULATES AND COLLECTS SIGNED CONFLICT OF INTEREST POLICIES FROM EACH MEMBER OF THE BOARD OF TRUSTEES. ANY ISSUES THAT ARISE ARE DISCUSSED AND APPROVED BY THE GOVERNANCE COMMITTEE. A TRUSTEE SHALL ABSTAIN FROM AND NOT PARTICIPATE IN THE DISCUSSION OF THE BOARD OF TRUSTEES OR COMMITTEE AT WHICH THE CONTRACT OR TRANSACTION INVOLVING SUCH TRUSTEE IS BEING CONSIDERED, AND SHALL NOT, UNLESS REQUESTED, VOTE UPON SUCH MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH INCLUDES THE BOARD PRESIDENT AND TREASURER AND BENEFITS COMMITTEE CHAIR. THE COMPENSATION COMMITTEE OF THE TENACRE COUNTRY DAY SCHOOL BOARD OF TRUSTEES CONSISTS OF ROGER FORMAN (TRUSTEE), STEPHEN KISTNER (TREASURER) AND PETER ROSENBERG (FORMER TRUSTEE). THE COMPENSATION COMMITTEE OF THE TENACRE BOARD OF TRUSTEES APPROVED THE COMPENSATION FOR THE HEAD OF SCHOOL FOR 2018-2019, WHICH THE COMPENSATION WAS STIPULATED IN THE BOARD APPROVED MULTI-YEAR CONTRACT BETWEEN THE SCHOOL AND THE HEAD OF SCHOOL. THE SAME 3.25% SALARY INCREASE FOR THE HEAD OF SCHOOL AS HAD BEEN APPROVED BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES FOR THE FACULTY AS PART OF THE 2018 BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART I, LINE 6: TENACRE HAS VOLUNTEERS, PRIMARILY CURRENT PARENTS, PAST PARENTS AND FORMER EMPLOYEES, AS WELL AS OTHER, SERVING ON A VARIETY OF SCHOOL COMMITTEES. THE COMMITTEES INCLUDE BOARD DIVERSITY, FINANCE, DEVELOPMENT, HEALTH & SAFETY, SUNSHINE, TENACRE ART GALLERY, TPA, ORCHARDFEST, INVESTMENT, BENEFITS, COMPENSATION, ENRICHMENT, AMONG OTHERS. DANA- TENACRE TRUST 78 BENVENUE STREET WELLESLEY MA 02482 HOLDER OF TITLE TO PROPERTY MA 0 0 TENACRE COUNTRY DAY SCHOOL CORPORATION