2019-11-15T10:03:46-06:00 2019-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2018-07-01 020223317 Brewster Academy BREW 6035697105 80 Academy Drive Wolfeboro NH 03894 Robert Mueller Treasurer 6035697105 2019-11-11 1 Barbara J McGuan CPA P00219457 2077752387 2019-11-11 69.49.157.66 2019-11-11 11:34:24 ES P BFB386403C9EAE7FF660C386334FC3E1098CE7FC C86B3C3384E7B30FA9F9EB149CE7FBCC333204C6 2018 2020-03-31 21:24:44Z Craig Gemmell 80 Academy Drive Wolfeboro NH 03894 39129474 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 23 23 284 55 42049 0 3288596 3319375 22676518 24270784 427818 -1636767 386247 461140 26779179 26414532 4775589 5221574 0 0 11574119 12001831 0 0 1119606 8767952 8907146 25117660 26130551 1661519 283981 65304179 67340603 25058502 24003545 40245677 43337058 X An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 1 0 20625692 5221574 22895405 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 669948 1375379 The Summer Program features educational programs and conferences during the summer recess, including the Brewster Academy Summer Session and Royal Thai Scholars. 21295640 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 0 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 1 0 0 0 1 42 0 1 284 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697105 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine Chairman 3.00 X X 0 0 0 Arthur W Coviello Jr Vice Chairman 3.00 X X 0 0 0 Robert Mueller Treasurer 2.00 X X 0 0 0 Ronn Bronzetti Secretary 3.00 X X 0 0 0 Steven Alperin Trustee 2.00 X 0 0 0 Richard Blackburn Trustee 2.00 X 0 0 0 Karen Boykin-Towns Trustee 2.00 X 0 0 0 Zachary Carlile Trustee 2.00 X 0 0 0 Richard Carlson Trustee 2.00 X 0 0 0 Candace Crawshaw Trustee 2.00 X 0 0 0 James Curvey Trustee 2.00 X 0 0 0 George J Dohrmann III Trustee 2.00 X 0 0 0 Karen Fix Trustee 2.00 X 0 0 0 Gabrielle Gatta Trustee 2.00 X 0 0 0 Peter Grayson Trustee 2.00 X 0 0 0 Joan Hill Trustee 2.00 X 0 0 0 Yong Hak Huh Trustee 2.00 X 0 0 0 Derek Murphy Trustee 2.00 X 0 0 0 Carlos Noble Trustee 2.00 X 0 0 0 Ashley Pettus Trustee 2.00 X 0 0 0 Suzie Scanlon Rabinowitz Trustee 2.00 X 0 0 0 Rev Nancy Spencer Smith Trustee 2.00 X 0 0 0 Steven Webster Trustee 2.00 X 0 0 0 Craig Gemmell Head of School 60.00 X 494899 0 89532 Lisa Braiterman CFO 50.00 X 179011 0 25202 Kristy M Kerin Assistant Head of School - Inst Strat & Adv 60.00 X 161941 0 40824 Lynne M Palmer Director of External Affairs 50.00 X 140341 0 9824 Nick Wilbur Director of Admissions 50.00 X 118265 0 28686 Raylene Davis Assistant Head of School - Academic Program 50.00 X 105148 0 18485 1199605 0 212553 6 0 1 0 Milestone Engineering & Construction In PO Box 2279 Concord NH 033022279 Constructions 3453413 Perkins Paper LLC 630 John Hancock Rd Taunton MA 02780 Food Service 394607 Donald A Madore dba Donald A Madore 39 Oak Hill Lane Epping NH 03842 Construction 109490 3 3319375 155018 3319375 Tuition and Fees 611710 21301922 21301922 Summer Programs 611710 1375379 1342640 32739 Instructional Support 611710 1229133 1229133 Student Related 611710 320323 320323 Miscellaneous Revenue 611710 44027 34717 9310 24270784 449048 449048 10595218 12681033 -2085815 -2085815 -2085815 229049 33909 195140 195140 Distribution from beneficial trus 900099 266000 266000 266000 26414532 24228735 42049 -1175627 5221574 5221574 747203 747203 8783922 6997131 1008155 778636 552380 404855 98108 49417 1264440 944165 251340 68935 653886 494207 110282 49397 133675 133675 50037 50037 1322201 957278 346622 18301 39060 959 38101 429057 185038 226637 17382 1069108 1054036 15072 550436 405439 65390 79607 694614 629125 65489 1768790 1740275 28515 192772 192772 Dining Hall 722207 670764 51443 Equipment & Maintenance 481556 417561 43512 20483 Student Related 427189 427189 Goods Held for Resale 127529 127529 898915 618515 242952 37448 26130551 21295640 3715305 1119606 X 2228994 1853320 5785221 8231186 669404 899950 186203 210469 13516 50192 138943 168037 60588073 26281035 34756061 34307038 11923344 12158633 9602493 9461778 65304179 67340603 1787789 777745 6665340 6066355 15871403 15462792 87748 91593 37911 921142 608311 683918 25058502 24003545 X 19118579 21209080 4311975 5036088 16815123 17091890 40245677 43337058 65304179 67340603 X 283981 2664004 143396 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 11940461 93590 789482 625012 12198521 11303269 698485 585425 646718 11940461 10824765 96392 1082464 700352 11303269 10847178 169563 274371 466347 10824765 10848831 229341 213143 444137 10847178 0.00000 0.74070 0.25930 0 0 2285479 2285479 46204614 18263622 27940992 4713567 3434898 1278669 7384413 4582515 2801898 34307038 Deferred Compensation Plans 348861 Beneficial Interest in Perpetual Trust 8045152 Charitable Gift Annuity 655653 Accrued Investment Interest Receivable 8271 Property held for investment 403841 9461778 Charitable Gift Annuity 335057 Deferred Compensation Payable 348861 683918 24034267 2664004 256053 2920057 21114210 5300322 5300322 26414532 20942886 33909 33909 20908977 5221574 5221574 26130551 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 33,909. Change in Beneficial Interest in Perpetual Trust 201,674. Change in Value of Charitable Gift Annuity 20,470. Part XI, Line 4b - Other Adjustments: Finanical Aid Grants 5,221,574. Change in Pledge Disounting & Allowance for Pledges 78,748. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 33,909. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 5,221,574. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Through newspaper, television, and radio advertising, and in school literature. East Asia and the Pacific - Fundraising and Parent/Alumni relations 8327 South America Program Services Spring Trimester in Chile 58267 0 0 0 0 0 0 66594 0 66594 0 0 0 0 0 0 Schedule F, Part I, Line 3: Brewster Academy currently has 36 students from Asia. As a result of the trip for fundraising and parent/alumni relations, Brewster Academy received $237,163 worth of contributions from sources in Asia. Schedule F, Part I, line 3, Column (e): Brewster's inaugural Spring Trimester offered an abroad educational experience to nine students in Santiago, Chile. Students engaged in location-specific classes and curriculum, while maintaining on-campus classes with the support of Brewster faculty who traveled for the program. Students lived with host families and engaged in numerous service-learning opportunities important to the region Family Weekend Auction 194207 194207 15227 Bobcat Open 34842 34842 18682 229049 229049 33909 33909 195140 1 Financial Aid 144 5221574 FMV Brewster Academy provides financial aid to students based on need Part I, Line 2: Grants and Other Assistance to Individuals - The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Schedule I, Part III, Line F Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X X 1 1 X X X 0 1 0 0 0 0 0 1 0 Craig Gemmell Head of School 433098 0 60500 0 1301 0 60693 0 28839 0 584431 0 0 0 Lisa Braiterman CFO 161874 0 15000 0 2137 0 11728 0 13474 0 204213 0 0 0 Kristy M Kerin Assistant Head of School - Inst Stra 151167 0 10000 0 774 0 12221 0 28603 0 202765 0 0 0 Lynne M Palmer Director of External Affairs 139043 0 0 0 1298 0 9824 0 0 0 150165 0 0 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions, Director of Advancement, Chief Financial Officer and Senior Philanthropic Advisor in the amount of $14,900 each. Part I, Line 4b Craig Gemmell Head of School, participates in a 457f plan. Brewster Academy contributed $23,500 on his behalf into the plan. Part I, Line 7 Craig Gemmell, Head of School, Lisa Braiterman, Chief Financial and Operations Officer, and Kristy Kerin, Assistant Head of School for Strategy and Advancement, received a bonus during the year based on goals established in their contracts which were met during the year. A New Hampshire Health and Education Facilities Authority 020279866 2011-02-04 18000000 Capital Improvements 0 0 0 A 2352598 18000000 260239 1514158 16225603 2011 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 8 155018 FMV Auction items 0 0 Donor estimated valu 0 0 0 Part I, Line 33: For various auctioned items, the Organization does not record revenue when items are donated, but rather when the items are sold at the auction event. The donor estimated value of auctioned items was $73,527. Form 990, Part III, line 2 Brewster Academy implemented the inaugural Trimester Abroad program in Santiago, Chile. Form 990, Part VI, Section A, line 7a Commonwealth of MA has the right to appoint members of the Brewster Trust, who are members of the Board of Trustees under the Charter. Form 990, Part VI, Section B, line 11b The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c All present Trustees and each new Trustee, prior to taking his/her position on the Board shall submit in writing to the Chairman of the Board a list of all businesses or other organizations of which s/he is an officer, director, trustee, member, owner, shareholder, employee or agent, with which Brewster Academy has, or might reasonably in the future enter into, a relationship or transaction in which the Trustee would have conflicting interests. This disclosure shall be provided by each Board Member to the Chairman of the Board on an annual basis. The Chairman of the Board shall become familiar with the statements of all trustees in order to guide appropriate conduct should a conflict arise. Voting - At such time as any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Trustee shall make known the potential conflict, whether disclosed by his/her written statement or not, and after answering any questions that might be asked of him/her, shall withdraw from the Board meeting for so long as the matter shall continue under discussion. The Conflict of Interest Policy must be signed individually by members of the Board of Trustees, and there is an annual review of the conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive, Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity 20,470. Change in Value of Beneficial Interest in Perpetual Trust 201,674. Change in Pledge Discounting and Allowance for Pledges -78,748. The John Brewster Trust 1550 Worcester Road 607 Framingham MA 01702 046289100 Perpetual Trust NH N/A T 201674 8045152 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0