2019-03-05T03:31:49-06:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 021697431 990 2017-07-01 042105775 TRUSTEES OF LAWRENCE ACADEMY AT GROTON MA CORP TRUS 9784486535 PO BOX 992 GROTON MA 01450 ROBERT KRAMER DIR. OF FINANCE & OPERATIONS 9784486535 2019-02-06 1 CHRISTOPHER S ERNEST P01220660 7819821001 2019-01-14 64.251.63.131 2019-02-06 13:46:27 ES P 7B14BF2BF8F8AC217E314A41F868DB69370B8F6F 212D4AA7D86991E97AAA9C7923B382683810470F 2017 2019-02-21 02:37:17Z BRUCE MACNEIL PO BOX 992 GROTON MA 01450 30666873 0 X WWW.LACADEMY.EDU X 1793 MA LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE AND INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME." THROUGH ITS MISSION AND PROGRAMS, LAWRENCE ACADEMY SEEKS EXCELLENCE AND DISTINCTION THROUGH A "STUDENT-CENTERED" APPROACH TO EDUCATION. THE SCHOOL'S FOCUS BEGINS WITH A CAREFULLY DESIGNED ACADEMIC PROGRAM THAT STRIVES FOR CREATIVE AND INTERDISCIPLINARY APPROACHES TO LEARNING. ARTS AND ATHLETICS ARE ADDITIONAL AVENUES FOR FOSTERING SELF-DISCOVERY, GROWTH, PASSION, AND ACCOMPLISHMENT IN YOUNG PEOPLE. ULTIMATELY THE TOTAL EDUCATION PROGRAM, INCLUDING LIFE ON CAMPUS AND IN THE DORMS, IS DEDICATED TO TRANSFORMING THE LIVES OF YOUNG PEOPLE AND CREATING A COMMUNITY WHERE WELL-BEING, MUTUAL SUPPORT, AND THOUGHTFUL, RESPONSIBLE LIVING ARE FOSTERED. 22 22 266 100 0 0 4499133 5300288 21547474 21793403 744394 2301495 227950 172136 27018951 29567322 5279942 5191898 0 0 11236066 11621144 0 141722 1062219 9527971 9393126 26043979 26347890 974972 3219432 69258808 73288423 19210934 19264821 50047874 54023602 LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE AND INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME." 0 0 21735199 5191898 21447760 THROUGH ITS MISSION, EACH YEAR LAWRENCE ACADEMY PREPARES MORE THAN ONE HUNDRED GRADUATES FOR SUCCESS IN THEIR NEXT ACADEMIC EXPERIENCES AND IN LIFE. IN THE PROCESS, THE SCHOOL'S ACADEMICS, ARTS, AND ATHLETICS PROGRAMS ALLOW STUDENTS THE OPPORTUNITY TO EXCEL AMONGST PEERS IN THE CONTEXT OF A SUPERB EDUCATIONAL ENVIRONMENT, BOTH WITHIN AND BEYOND SCHOOL. WHILE WE WANT TO SHOW MEASURABLE DEVELOPMENT FOR EACH STUDENT, WE ALSO WANT STUDENTS TO HAVE RICH AND MEANINGFUL EXPERIENCES WITHIN AN INTERDEPENDENT COMMUNITY THAT WILL SHARPEN THEIR APTITUDE AS RESPONSIBLE CITIZENS. ULTIMATELY, WE WANT A LAWRENCE ACADEMY EDUCATION TO TRANSFORM BOTH THE INDIVIDUAL AND SOCIETY. THERE WERE 391 STUDENTS ENROLLED DURING THE 2017/2018 SCHOOL YEAR. 458495 554411 SUMMER PROGRAMS PROVIDE EDUCATIONAL AND RECREATIONAL ACTIVITIES IN BOTH A DAY AND RESIDENTIAL SETTING. APPROXIMATELY 900 YOUNG PEOPLE PARTICIPATE IN A VARIETY OF PROGRAMS. OUR PROGRAMS INCLUDE A TRADITIONAL DAY CAMP, SPECIALTY CAMPS SUCH AS ROBOTICS AND FASHION DESIGN, AS WELL AS SKILLS AND DRILLS SPORTS CAMPS. BEYOND A REVENUE SOURCE, THESE PROGRAMS PROVIDE DIRECT SUPPORT TO THE SCHOOL IN TERMS OF KEEPING THE CAMPUS VIBRANT AND ACTIVE DURING THESE MONTHS, PROVIDE ADDED EXPOSURE TO THE SCHOOL'S IDENTITY THROUGH EXTENDED OFFERINGS, AND OPPORTUNITIES FOR ENGAGEMENT AND BENEFITS TO THE LOCAL COMMUNITY. 22193694 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 1 266 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X ROBERT KRAMER 9784486535 26 POWDERHOUSE ROAD GROTON MA 01450 ROBERT ACHTMEYER TRUSTEE A/O 5/2018 2.00 X 0 0 0 JAY ACKERMAN TRUSTEE 2.00 X 0 0 0 KEVIN A ANDERSON TRUSTEE 2.00 X 0 0 0 RONALD M ANSIN TRUSTEE 2.00 X 0 0 0 TIMOTHY M ARMSTRONG TRUSTEE 2.00 X 0 0 0 DEBORAH BARNES TRUSTEE 2.00 X 0 0 0 BARBARA ANDERSON BRAMMER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER DAVEY TRUSTEE 2.00 X 0 0 0 ELIZABETH GROSS TRUSTEE 2.00 X 0 0 0 BRADFORD HOBBS TRUSTEE 2.00 X 0 0 0 NANCY LOTANE TRUSTEE THRU 5/2018 2.00 X 0 0 0 DOUGLAS LONG TRUSTEE 2.00 X 0 0 0 PETER MYETTE TRUSTEE 2.00 X 0 0 0 DAVID SANTEUSANIO TRUSTEE 2.00 X 0 0 0 CHRISTOPHER BERNENE TRUSTEE 2.00 X 0 0 0 PHYLLIS ROTHSCHILD TRUSTEE 2.00 X 0 0 0 RICHARD TYSON TRUSTEE 2.00 X 0 0 0 RANDY CHAMBERLAIN TRUSTEE 2.00 X 0 0 0 SAM LIANG TRUSTEE A/O 5/2018 2.00 X 0 0 0 BRUCE MACNEIL TRUSTEE/PRESIDENT 5.00 X X 0 0 0 PATRICK CUNNINGHAM TRUSTEE/VP THRU 5/2018 5.00 X X 0 0 0 JASON SAGHIR TRUSTEE/VP A/O 5/2018 5.00 X X 0 0 0 GORDON SEWALL TRUSTEE/SECRETARY 5.00 X X 0 0 0 DAVID STONE TRUSTEE/TREASURER 5.00 X X 0 0 0 ROBERT KRAMER DIR. OF FINANCE & OPERATIONS 60.00 X 162846 0 37727 LINDA C DEASY CHIEF FINANCIAL OFFICER 60.00 X 195879 0 59700 R DANIEL SCHEIBE HEAD OF SCHOOL 60.00 X 350840 0 87109 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 60.00 X 169450 0 68924 ARTHUR KARP HISTORY TEACHER 60.00 X 113872 0 49511 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 60.00 X 121947 0 33687 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 60.00 X 126397 0 36393 KEVIN POTTER DIRECTOR OF ATHLETICS 60.00 X 108541 0 43546 PHILIP BLOOD DIRECTOR OF ADMISSIONS 60.00 X 108308 0 64087 STEVEN HAHN FORMER HEAD OF SCHOOL 0.00 X 226157 0 0 1684237 0 480684 16 1 1 0 SODEXO INC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 1421648 X-PRO CLEANING INC 20 HILLTOP ROAD DRACUT MA 01826 JANITORIAL SERVICES 387910 MECHANICAL AIR OF NE INC 1 ALDEN AVENUE GREENLAND NH 03840 HVAC CONTRACTOR 249705 GILBRIDE ELECTRIC INC PROGRESS AVE 3 CHELMSFORD MA 04824 ELECTRICAL CONTRACTOR 209865 NASHOBA PAVING CO INC 45 POWER ROAD WESTFORD MA 01886 PAVING CONTRACTOR 196730 11 22988 5277300 1436272 5300288 ACADEMIC YEAR TUITION 611110 21238992 21238992 SUMMER PROGRAMS 611110 554411 554411 21793403 1164620 1164620 76255 142791 -66536 -66536 -66536 2034707 897832 1136875 1136875 1136875 53787 22988 27924 25863 25863 35045 31004 4041 4041 MISCELLANEOUS REVENUE 611110 208768 208768 208768 29567322 22002171 0 2264863 56244 56244 4914054 4914054 221600 221600 1140461 295500 750961 94000 7701660 6637240 708413 356007 632536 493899 108392 30245 1510169 1280315 213388 16466 636318 479410 123089 33819 152576 152576 66527 66527 141722 141722 71502 71502 102461 102461 246841 51498 159570 35773 1054660 445574 382126 226960 151636 151636 2539129 2450260 63478 25391 200682 118424 82258 4991 4991 199826 199826 1957758 1889236 48944 19578 140550 140550 FOOD SERVICE 1330297 1330297 SUMMER EXPENSES 458495 458495 ATHLETIC EXPENSES 347599 347599 ACADEMIC DEPT. EXPENSES 234527 234527 133069 133069 26347890 22193694 3091977 1062219 2727287 2358445 469297 1514567 1255743 1426333 3559623 3602691 72827 46204 47622 39336 608547 639500 66603714 33057391 32436413 33546323 27675108 29701352 406341 413672 69258808 73288423 2573044 2234245 9522513 10182700 7115377 6847876 19210934 19264821 X 29707976 32286184 9698244 10701141 10641654 11036277 50047874 54023602 69258808 73288423 X 3219432 761886 -5590 X 0 1 X 1 0 X 26611658 386221 2893554 257250 732320 28901863 26229620 1286091 3283809 4187862 26611658 27131989 888128 -769479 1021018 26229620 27488236 806552 -193613 969186 27131989 23284425 133324 4391493 63922 257084 27488236 0.39460 0.35860 0.24680 0 0 3463442 3463442 51202575 21764543 29438032 11937697 11292848 644849 33546323 X 25177798 761886 181125 943011 24234787 71502 5261033 5332535 29567322 21202070 173795 173795 21028275 71502 5248113 5319615 26347890 PART V, LINE 4: THE ENDOWMENT FUNDS ARE PERMANENT FUNDS WITH INCOME ONLY TO BE USED FOR EITHER UNRESTRICTED OR DONOR RESTRICTED PURPOSES. IN ADDITION TO UNRESTRICTED USE, FUNDS DESIGNATED AS RESTRICTED FUNDS SUPPORT VARIOUS PURPOSES AS FOLLOWS: FINANCIAL AID, SALARIES AND BENEFITS, ACADEMICS, COMMUNITY SERVICE, PHYSICAL PLANT, PRIZES, PROFESSIONAL DEVELOPMENT, SABBATICAL PROGRAMS, SPEAKERS/VISITING SCHOLAR AND STUDENT LIFE/STUDENT LEADERSHIP. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ACADEMY ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUSTS 7,330. COST OF GOODS SOLD 31,004. RENTAL EXPENSES 142,791. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,135,654. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 12,920. CAPITAL CAMPAIGN EXPENSES 112,459. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 31,004. RENTAL EXPENSES 142,791. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,135,654. CAPITAL CAMPAIGN EXPENSES 112,459. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A COMMON AD IS PLACED IN THE BOSTON GLOBE BY THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND FOR THE MEMBER SCHOOLS LISTED IN THE AD. IT IS ALSO ON THE WEBSITE. 1 EAST ASIA AND THE PACIFIC 0 0 ADVANCEMENT TRIP DONOR CULTIVATION 28017 EAST ASIA AND THE PACIFIC 0 0 ADMISSION TRIPS STUDENT RECRUITMENT 13308 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 ADMISSION TRIPS STUDENT RECRUITMENT 6219 CENTRAL AMERICA AND THE CARIBBEAN 0 0 ADMISSION TRIPS STUDENT RECRUITMENT 1416 EAST ASIA AND THE PACIFIC 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 46999 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 86932 CENTRAL AMERICA AND THE CARIBBEAN 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 142298 SOUTH AMERICA 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 96900 MIDDLE EAST AND NORTH AFRICA 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 49137 NORTH AMERICA 0 0 STUDY ABROAD TRIP WINTERIM PROGRAM 26842 NORTH AMERICA 0 0 FINANCIAL AID WINTERIM PROGRAM 119050 RUSSIA AND NEIGHBORING STATES 0 0 FINANCIAL AID WINTERIM PROGRAM 30000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FINANCIAL AID WINTERIM PROGRAM 11150 SOUTH AMERICA 0 0 FINANCIAL AID WINTERIM PROGRAM 41400 EAST ASIA AND THE PACIFIC 0 0 FINANCIAL AID WINTERIM PROGRAM 20000 0 0 0 0 0 0 422089 297579 719668 FINANCIAL AID FOR STUDENT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 119050 FINANCIAL AID FOR STUDENT RUSSIA AND NEIGHBORING STATES 2 30000 FINANCIAL AID FOR STUDENT EAST ASIA AND THE PACIFIC 2 20000 FINANCIAL AID FOR STUDENT EUROPE (INCLUDING ICELAND & GREENLAND) 1 11150 FINANCIAL AID FOR STUDENT SOUTH AMERICA 1 41400 0 0 0 0 0 0 PART I, LINE 2: ALL FINANCIAL AID AWARDS ARE MADE BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY THE SCHOOL AND SCHOLARSHIP SERVICE (SSS) BY NAIS. AWARDS ARE DETERMINED BY THE DIRECTOR OF FINANCIAL AID. ALL AWARDS ARE ISSUED AS REDUCTIONS IN TUITION BEING BILLED. APPROVED LIST OF AWARDS IS PROVIDED TO THE BUSINESS OFFICE AND ARE POSTED TO THE SPECIFIC STUDENT'S ACCOUNT ACCORDING TO THE TUITION PAYMENT PLAN THE FAMILY HAS SELECTED. LISTS AND POSTINGS ARE CROSS-CHECKED IN BUSINESS OFFICE TO ENSURE ACCURACY. X X X X X X 1 DEVELOPMENT GUILDDDI 223 HARVARD ST 107 BROOKLINE MA 02446 CAPITAL CAMPAIGN CONSULTANT &ADVANCEMENT OFFICE STAFFING & P 0 0 141722 0 141722 MA AUCTION 76775 22988 53787 2024 12045 7395 6460 76775 22988 53787 2024 12045 7395 6460 27924 25863 1 TOWN OF GROTON 173 MAIN STREET GROTON MA 01450 046001164 SECTION 115 56244 GIFT TO THE TOWN IN RECOGNITION OF SERVICES PROVIDED 1 FINANCIAL AID FOR STUDENT 121 4914054 PART I, LINE 2: ALL FINANCIAL AID AWARDS ARE MADE BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY THE SCHOOL AND SCHOLARSHIP SERVICE (SSS) BY NAIS. AWARDS ARE DETERMINED BY THE DIRECTOR OF FINANCIAL AID. ALL AWARDS ARE ISSUED AS REDUCTIONS IN TUITION BEING BILLED. APPROVED LIST OF AWARDS IS PROVIDED TO THE BUSINESS OFFICE AND ARE POSTED TO THE SPECIFIC STUDENT'S ACCOUNT ACCORDING TO THE TUITION PAYMENT PLAN THE FAMILY HAS SELECTED. LISTS AND POSTINGS ARE CROSS-CHECKED IN BUSINESS OFFICE TO ENSURE ACCURACY. X 1 1 X X X 0 1 0 0 0 0 0 0 0 ROBERT KRAMER DIR. OF FINANCE & OPERATIONS 162432 0 0 0 414 0 6000 0 31727 0 200573 0 0 0 LINDA C DEASY CHIEF FINANCIAL OFFICER 192991 0 0 0 2888 0 16080 0 43620 0 255579 0 0 0 R DANIEL SCHEIBE HEAD OF SCHOOL 349765 0 0 0 1075 0 32400 0 54709 0 437949 0 0 0 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 167574 0 0 0 1876 0 37800 0 31124 0 238374 0 0 0 ARTHUR KARP HISTORY TEACHER 112201 0 0 0 1671 0 23344 0 26167 0 163383 0 0 0 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 121500 0 0 0 447 0 14595 0 19092 0 155634 0 0 0 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 110681 0 15000 0 716 0 11670 0 24723 0 162790 0 0 0 KEVIN POTTER DIRECTOR OF ATHLETICS 108002 0 0 0 539 0 11410 0 32136 0 152087 0 0 0 PHILIP BLOOD DIRECTOR OF ADMISSIONS 108131 0 0 0 177 0 22547 0 41540 0 172395 0 0 0 STEVEN HAHN FORMER HEAD OF SCHOOL 0 0 0 0 226157 0 0 0 0 0 226157 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF LAWRENCE ACADEMY, HOUSING IS PROVIDED TO DANIEL SCHEIBE, HEAD OF SCHOOL, LINDA DEASY, DIRECTOR OF FINANCE AND OPERATIONS, ROBINSON MOORE, ASSISTANT HEAD OF SCHOOL, ELIZABETH MARGRAF, ASSISTANT HEAD OF SCHOOL, KEVIN POTTER, DIRECTOR OF ATHLETICS AND PHILIP BLOOD, DIRECTOR OF ADMISSIONS. THE HOUSING IS NOT TAXABLE. PART I, LINE 4B STEVEN HAHN, THE PRIOR HEAD OF SCHOOL, WAS PAID $226,157 AS A DEFERRED COMPENSATION PAYOUT. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-01 4200000 REFINANCE OF MAY 2003 BONDS USED TO FUND VARIOUS FACILITIES EXPANSIONS 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-01 4200000 REFINANCE OF MAY 2003 BONDS USED TO FUND VARIOUS FACILITIES EXPANSIONS 0 0 0 A 813716 4200000 4200000 2012 1 0 1 1 B 738408 4200000 4200000 2012 1 0 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 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 X 11 1408606 FMV AT DONATION X AUCTION ITEMS 57 27666 FMV AT DONATION 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR LINE 9 REPRESENTS THE NUMBER OF DONORS WHO DONATED STOCK. THE NUMBER OF ITEMS ON LINE 25 REPRESENTS THE NUMBER OF ITEMS DONATED FOR THE AUCTION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL BE PROVIDED WITH AN ELECTRONIC VERSION OF THE FORM 990 AND SUPPORTING SCHEDULES PRIOR TO SUBMISSION WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B, WHICH DOES NOT INCLUDE THE NAMES AND ADDRESSES OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST SIGN AN ANNUAL CONFLICT OF INTEREST FORM. IF A MEMBER OF THE BOARD OF TRUSTEES HAS AN INTEREST IN A PROPOSED TRANSACTION, HE OR SHE MUST DISCLOSE THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE CONSIDERING THE PROPOSED BUSINESS TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE MEETING WHILE THE CONFLICT IS DISCUSSED AND VOTED ON. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO WILL INFORM THE BOARD OF ITS REVIEW. THE COMMITTEE LOOKS AT COMPARABLE DATA FROM A GROUP OF SCHOOLS. DATA IS TAKEN FROM THE NAIS EXECUTIVE COMPENSATION DATA PROVIDED BY NAIS MEMBER SCHOOLS. LEGAL COUNSEL IS CONTACTED WHEN THERE ARE PROPOSED CHANGES TO THE EXISTING TERMS OF THE CONTRACT. THE MEETINGS ARE DOCUMENTED AND A NEW CONTRACT IS PREPARED FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS RESPONSIBLE FOR SETTING THE SALARIES OF ALL OTHER EMPLOYEES. THE LAST TIME THIS POLICY WAS FOLLOWED FOR THE HEAD OF SCHOOL WAS JULY 2017 AND JULY 2018. FORM 990, PART VI, SECTION C, LINE 19 ALL FORMS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION WILL BE MADE AVAILABLE UPON WRITTEN REQUEST OR CAN BE VIEWED AT THE SCHOOL'S CORPORATE ADDRESS IN GROTON, MASSACHUSETTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -12,920. CHANGE IN VALUE OF PERPETUAL TRUSTS 7,330.