2019-05-15T08:21:07-05:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2017-07-01 042109865 NORTHFIELD MOUNT HERMON SCHOOL NORT 4134983000 ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 CHARLES TIERNEY ASSISTANT HEAD OF SCHOOL 4134983000 2019-05-14 1 LAURA J KENNEY P00202198 6177170831 2019-05-14 64.251.63.131 2019-05-14 11:06:52 ED P DF8EC6EC51E1FD1DECD3FD9B85C405DAF374F076 F655607A01BC9414CB150F5C2D5B642F4B7C09E6 2017 2019-02-21 02:37:17Z CHARLES TIERNEY ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 102499081 0 X WWW.NMHSCHOOL.ORG X 1879 MA NORTHFIELD MOUNT HERMON PROVIDES SECONDARY SCHOOL EDUCATION, ENGAGING THE INTELLECT, COMPASSION, AND TALENTS OF OUR STUDENTS, EMPOWERING THEM TO ACT WITH HUMANITY AND PURPOSE. 26 25 658 200 371768 0 9556898 14586443 41338316 42494904 1681965 2417594 978905 1546685 53556084 61045626 7743176 7831650 0 0 27564066 28775561 34334 72292 4478008 19683467 21809760 55025043 58489263 -1468959 2556363 269845981 280823470 103239526 99885138 166606455 180938332 X NORTHFIELD MOUNT HERMON PROVIDES SECONDARY SCHOOL EDUCATION, ENGAGING THE INTELLECT, COMPASSION, AND TALENTS OF OUR STUDENTS, EMPOWERING THEM TO ACT WITH HUMANITY AND PURPOSE. 0 0 31676973 7452667 41806804 NORTHFIELD MOUNT HERMON SCHOOL (NMH) GIVES YOUNG PEOPLE AN EXCEPTIONAL ACADEMIC EXPERIENCE TAUGHT BY EXPERT, CARING FACULTY. NMH IS A SECULAR COED BOARDING AND DAY SCHOOL FOR 651 STUDENTS IN GRADES NINE THROUGH TWELVE AND POST GRADUATE. OUR BEAUTIFUL WOODED CAMPUS BORDERS THE CONNECTICUT RIVER IN WESTERN MASSACHUSETTS' PIONEER VALLEY. HERE, WE CHALLENGE STUDENTS TO THINK CRITICALLY AND TO CHANNEL THEIR TALENTS TO DO GOOD IN THE WORLD, INSPIRING IN THEM A SENSE OF PURPOSE AT NMH, A CONSTELLATION OF ADULTS INTERACT WITH AND SUPPORT STUDENTS THROUGHOUT THE DAY. CLASSES ARE SMALL AND EXTENDED TO ALLOW STUDENTS TO EXPLORE EACH SUBJECT IN DEPTH. STUDENTS TAKE THREE MAJOR COURSES EACH SEMESTER FOR A TOTAL OF SIX CHALLENGING COLLEGE-PREPARATORY COURSES PER YEAR. THE SCHOOL OFFERS AN EXTENSIVE CHOICE OF SPORTS TEAMS, PERFORMING ARTS GROUPS, CLUBS AND STUDY-ABROAD OPTIONS. MORE THAN 200 STUDENTS VOLUNTEER EACH SEMESTER IN OUTREACH ACTIVITIES. STUDENTS HELP RUN OUR WORKING FARM, WHICH HAS BEEN IN OPERATION SINCE THE SCHOOL'S FOUNDING IN 1879. 2053898 378983 2027536 NORTHFIELD MOUNT HERMON SCHOOL (NMH) SUMMER SESSION OFFERS PROGRAMS FOR STUDENTS WISHING TO ENRICH, SUPPLEMENT, OR ACCELERATE THEIR SCHOOL-YEAR EDUCATION. WE HAVE AN EXTENSIVE, COMPREHENSIVE PROGRAM THAT HAS EXISTED IN VARIOUS FORMS FOR MORE THAN 100 YEARS. EACH SUMMER, WE GATHER AS A COMMUNITY TO ENGAGE IN ACADEMIC WORK AND TO LEARN FROM EACH OTHER IN MANY DIFFERENT WAYS. OUR STUDENT POPULATION IS DIVERSE AND WORLDLY -- IN THE SUMMER OF 2017, 30 DIFFERENT COUNTRIES AND 17 STATES WITHIN THE U.S. WERE REPRESENTED. OUR TALENTED FACULTY IS ASSISTED BY 35 TEACHING INTERNS TO PROVIDE AN OUTSTANDING EXPERIENCE FOR OUR STUDENTS. OUR GOAL, THROUGH ALL ASPECTS OF OUR COMPREHENSIVE PROGRAM, IS TO PROVIDE A VALUABLE, LIFE-CHANGING EXPERIENCE FOR EACH STUDENT WHO JOINS US. FOR MANY STUDENTS, NMH SUMMER SESSION PROVIDES THEIR FIRST TASTE OF A RIGOROUS ACADEMIC EXPERIENCE AND CHALLENGES THEM TO A NEW LEVEL. OTHER STUDENTS COME FROM STRONG SCHOOLS AND USE THEIR SUMMER HERE AS AN OPPORTUNITY TO FURTHER BUILD ACADEMIC SKILLS, ADVANCE IN THEIR COURSEWORK AND PREPARE FOR COLLEGE. 33730871 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 172 0 1 658 1 1 1 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X CHARLES TIERNEY ASSISTANT HEAD OF SCHOOL 4134983667 ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 ALEX LEVY TRUSTEE 3.00 X 0 0 0 ALEXANDER LOTOCKI DE-VELIGOST TRUSTEE 3.00 X 0 0 0 ALISON S ELLIOT TRUSTEE 3.00 X 0 0 0 AUDREY G KUBIE TRUSTEE (AS OF 10/17) 3.00 X 0 0 0 CAROLINE N NIEDERMAN ALUMNI COUNCIL PRESIDENT 3.00 X 0 0 0 DAVID M STEINBERG TRUSTEE 3.00 X 0 0 0 DONALD G GLASCOFF TRUSTEE 3.00 X 0 0 0 E MICHAEL FUNG TRUSTEE (UNTIL 5/18) 3.00 X 0 0 0 JAY KAPLAN TRUSTEE 3.00 X 0 0 0 JUAN A GARCIA VICE CHAIR (UNTIL 5/18) 3.00 X X 0 0 0 JUSTIN WAI TRUSTEE 3.00 X 0 0 0 LAUREN N HOKIN TRUSTEE 3.00 X 0 0 0 MARGARET B CLARK VICE CHAIR 3.00 X 0 0 0 MARIAH CALAGIONE TRUSTEE 3.00 X 0 0 0 MATTHEW GLASS TRUSTEE 3.00 X 0 0 0 MAURICE L COLEMAN TRUSTEE 3.00 X 0 0 0 MOLLY TALBOT TRUSTEE (AS OF 10/17) 3.00 X 0 0 0 MONIE T HARDWICK TRUSTEE (AS OF 1/18) 3.00 X 0 0 0 PETER F GUILD TRUSTEE 3.00 X 0 0 0 PETER FAYROIAN HEAD OF SCHOOL 50.00 X X 405885 0 91383 PETER J MACDONALD TRUSTEE 3.00 X 0 0 0 ROBERTA TAGGART TRUSTEE 3.00 X 0 0 0 RYAN R VINEYARD TRUSTEE 3.00 X 0 0 0 SHANNON WEINBERGER TRUSTEE 3.00 X 0 0 0 STEPHEN S FULLER CHAIR (UNTIL 5/18) 3.00 X X 0 0 0 STEPHEN W GAUSTER TRUSTEE 3.00 X 0 0 0 SUMITA AMBASTA TRUSTEE 3.00 X 0 0 0 TIFFANI R BROWN TRUSTEE 3.00 X 0 0 0 WARREN R WEBSTER III TRUSTEE 3.00 X 0 0 0 CHARLES TIERNEY ASST. HEAD OF SCHOOL (AS OF 10/17) 50.00 X 195253 0 134806 DEANNA FLETCHER SECRETARY 40.00 X 55267 0 4728 JOHN ALDEN INTERIM CFO & TREASURER 50.00 X 115409 0 15437 LYNNE RAYMER DIRECTOR OF FINANCIAL OPERATIONS 50.00 X 151649 0 15470 RICHARD T WOOD TREASURER 50.00 X 124041 0 27415 ALLYSON GOODWIN CHIEF ADVANCEMENT OFFICER 50.00 X 204716 0 52138 CLAUDE ANDERSON DEAN OF ENROLLMENT 50.00 X 160002 0 41629 RICHARD COUTURE DIRECTOR OF PLANT FACILITIES 50.00 X 157473 0 22075 HUGH SILBAUGH DEAN OF FACULTY 50.00 X 142559 0 27598 JEFFREY LEYDEN DIRECTOR OF PLANNED GIVING 50.00 X 100929 0 24017 NICOLE HAGER DEAN OF STUDENTS 50.00 X 118398 0 37669 SARAH ROURKE DIRECTOR OF MEDICINE 50.00 X 145651 0 16988 STEPHEN PORTER DIR. OF COMMUNICATIONS (UNTIL 12/17) 50.00 X 112562 0 22226 2189794 0 533579 13 0 1 0 ALPINE ENVIRONMENTAL INC 21 PROGRESS AVE SUITE 1 CHELMSFORD MA 01824 CONTRACTOR 608722 E&R LAUNDRY 80 ROSS AVE MANCHESTER NH 03101 STUDENT LAUNDRY SERVICES 508281 BREADLOAF 1293 RT 7 SOUTH MIDDLEBURY VT 05753 CONTRACTOR 386296 FM KUZMESKUS INC 52 MAIN ROAD PO BOX 484 GILL MA 01354 TRANSPORTATION SERVICES 375735 HIGHER LEARNING SUPPLY COMPANY LLC 733 CHAPIN ST SUITE 102 LUDLOW MA 01056 BOOKSTORE 350861 13 384141 14202302 1215041 14586443 TUITION AND FEES, SCHOOL YEAR 611110 39623108 39623108 TUITION AND FEES, SUMMER 611110 2027536 2027536 SUMMER CAMP AND CONFERENCES 611710 345739 345739 NURSERY SCHOOL 900099 296633 296633 OTHER PROGRAM SERVICE REVENUE 900099 194580 194580 7308 7308 42494904 6977339 -16332 6993671 128215 0 128215 128215 128215 36804112 65884 41332153 97588 -4528041 -31704 -4559745 19322 -4579067 102748 23714 79034 79034 MISCELLANEOUS 900099 1339436 1316397 23039 1339436 61045626 43465562 371768 2621853 7831650 7831650 1868215 1617135 251080 18371300 10732228 5700962 1938110 1458068 779700 521570 156798 5581675 3265350 1539594 776731 1496303 800146 535247 160910 888162 882162 6000 95763 95763 72292 72292 462349 113008 349341 369024 71335 297689 105424 105424 1458642 423492 808106 227044 470865 470865 1932080 1543959 360938 27183 599566 174611 209328 215627 265307 49599 73512 142196 2579013 2579013 6068927 5369036 675959 23932 590564 590564 PLANT MAINTENANCE 1980076 1790217 183367 6492 PROVISIONS - FOOD/FLOWE 1662949 1581379 81570 FIELD TRIPS/STUDENT ACT 462748 462748 STUDENT TRANSPORTATION 436800 436800 1381501 1338799 42702 58489263 33730871 20280384 4478008 13389018 15921920 8541649 5556378 3671134 4079218 223140 122989 308427 343707 899668 1072392 156626239 77407120 82859872 79219119 87550207 107756176 72402866 66751571 269845981 280823470 973078 2672795 11500088 10930872 66170206 65497121 173739 173881 24422415 20610469 103239526 99885138 X 57439727 59302584 29255703 34699902 79911025 86935846 166606455 180938332 269845981 280823470 X 2556363 8287729 3487785 X 0 1 X 1 0 X 9659462 12772927 14826918 9556898 14586443 61402648 9659462 12772927 14826918 9556898 14586443 61402648 4935929 56466719 2412778 2350484 1922788 1594446 7105554 15386050 76788698 199010504 0.73540 0.67890 X 1 173738 256411 256268 173881 1 X 143064829 8857597 9525996 2343688 643367 158461367 130960914 4237864 14111995 6245944 143064829 138846465 3517790 -4935038 6468303 130960914 138564002 3256882 2734581 1941090 3767910 138846465 123738715 2742748 17630539 1895920 3652080 138564002 0.39000 0.50000 0.11000 0 0 61019 61019 129194079 57472289 71721790 21611626 17908569 3703057 5759515 2026262 3733253 79219119 TIMBER 3000000 F HEDGE FUNDS 45729482 F PRIVATE EQUITY 3326736 F INTERNATIONAL 10673166 F VENTURE CAPITAL 2715274 F INVESTMENT IN ENWC 1306913 F 66751571 SWAP AGREEMENTS LIABILITY 10770077 OBLIGATION UNDER SPLIT INTEREST AGREEMENTS 2015241 ASSET RETIREMENT OBLIGATION 7825151 20610469 63345165 8287729 1957397 10245126 53100039 462349 7483238 7945587 61045626 49006689 0 49006689 462349 9020225 9482574 58489263 PART IV, LINE 2B: NORTHFIELD MOUNT HERMON SCHOOL MAINTAINS AGENCY ACCOUNTS AND ACTS AS A FISCAL AGENT FOR THE FUNDS. PART V, LINE 4: NORTHFIELD MOUNT HERMON SCHOOL'S ENDOWED FUNDS ARE INVESTED INTO PERPETUITY AND THE INCOME IS USED TO FUND ITS PROGRAMS. THE FUNDS ARE INVESTED FOR LONG TERM GROWTH SO THAT CURRENT AND FUTURE GENERATIONS OF STUDENTS WILL RECEIVE BENEFIT FROM THE FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED LOSS ON SWAP AGREEMENTS -1,367,147. CHANGE IN VALUE OF SWAP AGREEMENTS 3,324,544. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,483,238. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,483,238. REALIZED LOSS ON SWAP AGREEMENTS 1,367,147. ROUNDING -3. VALUE OF NONCASH BENEFITS 169,843. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATION POLICY PUBLICIZED IN NEWSPAPERS AS A LISTED MEMBER OF THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE). SCHEDULE E, PART I, LINE 6 UPWARD BOUND PROGRAM $374,772, FEDERAL GRANT NUMBER E-PO 47AS20398 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 7518298 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 3 RECRUITMENT 18568 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 5 FUNDRAISING 81629 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 RECRUITMENT 61613 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 2 PROGRAM SERVICES TRAVEL ENRICHMENT PROGRAM 48176 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 6 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 85205 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 RECRUITMENT 53200 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 5 PROFESSIONAL DEVELOPMENT 7025 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 4 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 32363 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 1 RECRUITMENT 2168 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 3 RECRUITMENT 19007 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 2 PROFESSIONAL DEVELOPMENT 549 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 1 RECRUITMENT 10245 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 2 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 29245 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 1 PROFESSIONAL DEVELOPMENT 4657 SOUTH AMERICA 0 1 RECRUITMENT 8999 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 2 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 37134 0 24 0 17 0 41 7873714 144367 8018081 1 0 1 1 1 0 X X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING 0 0 72292 0 72292 MA 1 SCHOLARSHIPS 232 7831650 COST TUITION OFFSET PART I, LINE 2: IN ORDER TO OBJECTIVELY ESTABLISH FINANCIAL NEED, NORTHFIELD MOUNT HERMON SCHOOL (NMH) SUBSCRIBES TO THE SERVICES OF THE SCHOOL SCHOLARSHIP SERVICE (SSS) WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON INFORMATION MADE AVAILABLE BY FAMILIES IN A CONFIDENTIAL STATEMENT KNOWN AS THE PFS -- PARENT FINANCIAL STATEMENT. BY APPLYING OBJECTIVE CRITERIA IN A SPECIFIC FORMULA, SSS IS ABLE TO HELP ESTABLISH A FAMILY'S ABILITY TO PAY THE EXPECTED PARENTAL CONTRIBUTION, WHICH IS THEN ADJUSTED FOR THE NUMBER OF OTHER FAMILY MEMBERS IN TUITION CHARGING INSTITUTIONS AND FOR DAY VERSUS BOARDING SITUATIONS. ONCE FINANCIAL NEED HAS BEEN ESTABLISHED, NMH WILL MAKE A FINANCIAL AID AWARD WHICH COMES AS CLOSE AS POSSIBLE TO MEETING THE INDICATED NEED. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 PETER FAYROIAN HEAD OF SCHOOL 360051 0 45000 0 834 0 27571 0 63812 0 497268 0 0 0 CHARLES TIERNEY ASST. HEAD OF SCHOOL (AS OF 10/17) 194838 0 0 0 415 0 20116 0 114690 0 330059 0 0 0 LYNNE RAYMER DIRECTOR OF FINANCIAL OPERATIONS 151545 0 0 0 104 0 14696 0 774 0 167119 0 0 0 RICHARD T WOOD TREASURER 123340 0 0 0 701 0 9446 0 17969 0 151456 0 0 0 ALLYSON GOODWIN CHIEF ADVANCEMENT OFFICER 199279 0 5000 0 437 0 21514 0 30624 0 256854 0 0 0 CLAUDE ANDERSON DEAN OF ENROLLMENT 159089 0 0 0 913 0 15747 0 25882 0 201631 0 0 0 RICHARD COUTURE DIRECTOR OF PLANT FACILITIES 156606 0 0 0 867 0 15406 0 6669 0 179548 0 0 0 HUGH SILBAUGH DEAN OF FACULTY 142025 0 0 0 534 0 14374 0 13224 0 170157 0 0 0 NICOLE HAGER DEAN OF STUDENTS 118298 0 0 0 100 0 10902 0 26767 0 156067 0 0 0 SARAH ROURKE DIRECTOR OF MEDICINE 145639 0 0 0 12 0 9417 0 7571 0 162639 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED FOR OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER AND IS NOT INCLUDED IN TAXABLE WAGES. NON-TAXABLE BENEFITS (REPORTED IN SCHEDULE J, PART II, COLUMN D) FOR THE FOLLOWING INDIVIDUALS INCLUDES HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER: PETER FAYROIAN, $38,400; CHARLES TIERNEY, $11,820; RICHARD T. WOOD, $12,159; ALLYSON GOODWIN, $11,566; CLAUDE ANDERSON, $13,981 . COMPANION TRAVEL FOR THE HEAD OF SCHOOL IS NOT TREATED AS TAXABLE INCOME. PART I, LINE 4A STEPHEN PORTER RECEIVED SEVERANCE OF $72,028 FROM DECEMBER 2017 THROUGH JUNE 2018, OF WHICH $9,604 WAS REPORTED IN CALENDAR 2017. PART I, LINE 7 DISCRETIONARY BONUSES ARE APPROVED BY THE BOARD OF TRUSTEES. A MDFA 2014 BONDS 043431814 2014-03-26 68635000 REFUND OF 2007 BONDS 0 0 0 A 2590000 68635000 645000 67990000 2014 1 0 1 1 A 0 0 0 0 0.01830 0.01830 0 0 1 A 0 1 0 0 1 1 BANK OF NY MORG STANLEY - TERMS 8.250000000000 0 0 0 0 1 A 1 X 68 1215041 MARKET VALUE 0 1 0 PART I, COLUMN (B): REPORTED THE NUMBER OF DONATIONS OF PUBLICLY TRADED STOCK FORM 990, PART VI, SECTION B, LINE 11B ONCE NORTHFIELD MOUNT HERMON SCHOOL (NMH)'S FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY NMH'S INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, NMH'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS PRESENT THE FORM 990 (EXCLUDING SCHEDULE B - SCHEDULE OF CONTRIBUTORS) TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE HEAD OF SCHOOL REVIEWS SCHEDULE B WITH THE CHAIR OF THE BOARD OF TRUSTEES. THE COMPLETED FORM 990 (EXCLUDING SCHEDULE B - SCHEDULE OF CONTRIBUTORS) IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NORTHFIELD MOUNT HERMON SCHOOL (NMH) MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. ANNUALLY, OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, EACH OFFICER, KEY EMPLOYEE, AND BOARD MEMBER ACKNOWLEDGES WITH SIGNATURE THAT NO CONFLICT OF INTEREST EXISTS, OR PROVIDES DISCLOSURE OF A CONFLICT. THE FORMS ARE RETURNED TO THE CFO AND TREASURER. IF A CONFLICT EXISTS, THAT MEMBER MAY NOT BE PRESENT FOR DELIBERATIONS OR PARTICIPATE IN DECISIONS FOR A TRANSACTION INVOLVING A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 NORTHFIELD MOUNT HERMON SCHOOL (NMH) HAS AN INDEPENDENT COMPENSATION AND BENEFITS COMMITTEE THAT REVIEWS ANNUALLY THE PERFORMANCE OF THE HEAD OF SCHOOL AND THE SENIOR STAFF BASED ON FEEDBACK SHARED FROM ALL INDEPENDENT TRUSTEES. DURING ITS REVIEW OF THAT FEEDBACK AND CONSIDERING AVAILABLE ANALYTICAL MARKET DATA, THE COMMITTEE SETS THE COMPENSATION OF THE HEAD OF SCHOOL FOR THE UPCOMING YEAR. AT THE FALL MEETING OF THE FULL BOARD, THE COMMITTEE GIVES AN ORAL REPORT OF ITS FINDINGS AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE. THE HEAD OF SCHOOL IS RESPONSIBLE FOR SETTING THE COMPENSATION FOR THE SENIOR STAFF BASED ON COMPARABLE MARKET DATA. THE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NORTHFIELD MOUNT HERMON SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENTS 3,324,544. ROUNDING -3. EAST NORTHFIELD WATER COMPANY NET LOSS -6,599. VALUE OF NONCASH BENEFITS 169,843. EAST NORTHFIELD WATER COMPANY 206 MAIN STREET NORTHFIELD MA 01360 041269905 WATER COMPANY MA NMH C 206833 939570 1.00000 1 CHARITABLE REMAINDER TRUST (1) SUPPORT NY NMH 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 EAST NORTHFIELD WATER COMPANY O 33224 FMV EAST NORTHFIELD WATER COMPANY A 23039 FMV EAST NORTHFIELD WATER COMPANY R FMV