2019-05-15T08:21:25-05:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2017-07-01 042103563 TRUSTEES OF DEERFIELD ACADEMY TRUS 4137740241 PO BOX 87 DEERFIELD MA 013420087 KEITH FINAN ASSOC. HEAD OF SCHOOL & CFO 4137740241 2019-05-13 1 LAURA J KENNEY P00202198 6177170831 2019-05-13 64.251.63.131 2019-05-13 18:58:04 ED P C2A8F68C24BA4106533A6CD8C72FD917E7C6626D 3C3F3A9A6A2C4A7FAF67B2138946307825C80BAE 2017 2019-02-21 02:37:17Z KEITH FINAN PO BOX 87 DEERFIELD MA 013420087 129853647 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. 30 27 672 543 3276157 2776517 22354964 34636830 37888983 38223976 7294107 12185988 760059 776898 68298113 85823692 10892023 11335316 0 0 31410807 32237519 5208 3955 4990455 23336990 24412804 65645028 67989594 2653085 17834098 873954383 970793838 68220809 93268246 805733574 877525592 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 51077382 11335316 38223976 DURING THE 2017-2018 ACADEMIC YEAR, 569 BOARDING AND 79 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. 51077382 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 1 162 0 1 672 1 1 1 0 0 0 0 0 0 0 0 0 X 30 27 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 COHEN H RODGIN PRESIDENT 8.00 X X 0 0 0 SIMMONS BRIAN VICE PRESIDENT 5.00 X X 0 0 0 WALLACH SUSAN 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 FARMER KATHERINE TRUSTEE 2.00 X 0 0 0 FLEMING GREGORY TRUSTEE 2.00 X 0 0 0 GARRISON DANIEL 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 GROSSMAN MATTHEW TRUSTEE 2.00 X 0 0 0 HALE ROBERT 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 QUAZZO STEPHEN TRUSTEE 2.00 X 0 0 0 ROBERTS JANICE TRUSTEE 2.00 X 0 0 0 ROBERTSON J SPENCER TRUSTEE 2.00 X 0 0 0 ROCKEFELLER MARK 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 WHITTON LINDA TRUSTEE 2.00 X 0 0 0 CURTIS MARGARITA HEAD OF SCHOOL/TRUSTEE 60.00 X X 527375 0 199762 FINAN KEITH CHIEF FINANCIAL OFFICER 60.00 X 295170 0 57998 MENARD CHRISTOPHER DEAN OF ADVANCEMENT 60.00 X 207123 0 42039 TAYLOR JOHN DEAN OF FACULTY 60.00 X 197376 0 77854 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 60.00 X 172247 0 32706 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 60.00 X 158461 0 67989 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 60.00 X 155543 0 71344 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 60.00 X 150942 0 44891 COLLINS JULIE DIRECTOR OF BUSINESS SERVICES 60.00 X 149583 0 35685 WILLIAMS MILTON DIRECTOR OF FACILITIES 60.00 X 147231 0 30368 2161051 0 660636 25 0 1 0 CALLAHAN PAINTING 8A HARKNESS ROAD PELHAM MA 01002 PAINTING & RESTORATION 357492 MORAWSKI EXCAVATING LLC 103 LONG PLAIN ROAD SOUTH DEERFIELD MA 01373 EXCAVATING 322019 JOHN W GRAVES 390 BALD MOUNTAIN ROAD BERNARDSTON MA 01337 ELECTRICIAN 306881 EDGEWOOD MANAGEMENT LLC 535 MADISON AVENUE 15TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 212416 KARL KNECHTEL 2739 OLD KEENE ROAD ATHOL MA 01331 BUILDING & REPAIRS 185658 6 34636830 1534971 34636830 TUITION AND FEES 611710 36979447 36979447 AUXILIARY PROGRAMS 611710 758053 758053 SUMMER EDUCATION 611710 486476 486476 38223976 2707861 345239 2362622 53009312 43531185 9478127 9478127 2893561 6584566 987053 498770 488283 488283 OTHER REVENUE 900099 137432 137432 SUMMER SPORTS CAMPS 713940 98981 98981 OUTSIDE FUNCTION REVENUE 900099 52202 37357 14845 288615 85823692 38223976 3276157 9686729 221507 221507 11113809 11113809 1624323 204419 1030048 389856 140694 17730 43029 79935 22146232 16655647 3242374 2248211 2261699 1714276 292913 254510 4376326 3134575 758199 483552 1688245 1234440 273466 180339 96706 96706 72065 72065 3955 3955 676558 676558 534214 151451 220300 162463 41038 8268 13873 18897 987987 493509 351237 143241 858472 727280 103144 28048 3151617 2929743 184685 37189 704067 415257 120958 167852 439605 312469 121604 5532 2059344 2059344 6864448 6381191 402257 81000 746520 960 745560 TAXES 1368213 1368213 FOOD 1197622 1022415 11013 164194 EQUIPMENT 494727 360247 88532 45948 TEXTBOOKS 432773 432450 275 48 3686828 1486395 1704748 495685 67989594 51077382 11921757 4990455 10512 12050 19261910 16605374 62918947 68395761 352355 234113 407926 381733 839939 782296 318220403 66059596 215275177 252160807 270817827 325446912 303302598 306231355 767192 543437 873954383 970793838 8625190 14781574 3804638 4224115 52147984 50571386 20200000 3642997 3491171 68220809 93268246 X 317415557 345978079 279953403 314363760 208364614 217183753 805733574 877525592 873954383 970793838 17834098 53957920 0 X 0 1 X 1 0 X 30835396 62989926 5324098 22354964 34636830 156141214 30835396 62989926 5324098 22354964 34636830 156141214 20319837 135821377 3867201 1261481 1654472 1667402 2362622 10813178 476615 1658182 365904 261233 2776517 5538451 1144172 1357453 1350077 1224436 1238311 6314449 178807292 178502133 0.75960 0.79740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE OUTSIDE FUNCTION REVENUE SALES OF INVENTORY X X X X EDUCATION 0 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 440455638 22657092 70903580 5341426 11005267 813505 516856112 0.27490 0.33030 0.39480 1 0 5068626 5068626 279596268 48857964 230738304 23746593 12209876 11536717 9808916 4991756 4817160 252160807 HEDGE FUNDS 192461005 F ALTERNATIVE ASSETS 97130252 F CASH AND CASH EQUIVALENTS 16640098 F 306231355 LIFE INCOME OBLIGATIONS 3491171 3491171 127171683 53957920 498770 54456690 72714993 676558 12432141 13108699 85823692 55379665 498770 498770 54880895 676558 12432141 13108699 67989594 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: FINANCIAL AID, FACULTY SALARIES, PROFESSIONAL DEVELOPMENT, GENERAL OPERATIONS, AND OTHER. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 498,770. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 11,315,259. UBIT REFUND 1,116,882. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 498,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 11,315,259. UBIT REFUND 1,116,882. 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 207716408 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 148927 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, RECRUITMENT & DEVELOPMENT 67274 SOUTH AMERICA RECRUITMENT & DEVELOPMENT 94 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM RECRUITMENT & DEVELOPMENT 773 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, RECRUITMENT & DEVELOPMENT 1249 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES RECRUITMENT & DEVELOPMENT 824 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES STUDY ABROAD 41500 0 0 0 0 0 0 207977049 0 207977049 1 0 1 1 1 0 1 TOWN OF DEERFIELD 501(C)(3) 149000 CHARITABLE UNITED WAY OF FRANKLIN COUNTY 042212894 501(C)(3) 15882 CHARITABLE DEERFIELD AREA FIRE PROTECTION DISTRICT 501(C)(4) 21900 CHARITABLE SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW 833210345 501(C)(3) 14079 OUT OF POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY 042491950 501(C)(3) 10000 2429 OUT OF POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE BAYSTATE HEALTH FOUNDATION 043549011 501(C)(3) 10000 CHARITABLE 5 1 SCHOLARSHIPS 229 10505465 CASH VALUE TUITION & FEES OTHER STUDENT SUPPORT 103 608344 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 505336 0 0 0 22039 0 136398 0 63364 0 727137 0 0 0 FINAN KEITH CHIEF FINANCIAL OFFICER 277170 0 0 0 18000 0 36368 0 21630 0 353168 0 0 0 MENARD CHRISTOPHER DEAN OF ADVANCEMENT 193623 0 0 0 13500 0 22501 0 19538 0 249162 0 0 0 TAYLOR JOHN DEAN OF FACULTY 187376 0 0 0 10000 0 25569 0 52285 0 275230 0 0 0 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 172247 0 0 0 0 0 21908 0 10798 0 204953 0 0 0 BENSON BRYANT DIRECTOR OF MEDICAL SERVICES 158461 0 0 0 0 0 20960 0 47029 0 226450 0 0 0 THIEL DAVID ASST. HOS FOR STRATEGY & PLANNING 148643 0 0 0 6900 0 19580 0 51764 0 226887 0 0 0 SPENCER MARK DIRECTOR OF COLLEGE ADVISING 150342 0 0 0 600 0 19256 0 25635 0 195833 0 0 0 COLLINS JULIE DIRECTOR OF BUSINESS SERVICES 144183 0 0 0 5400 0 19187 0 16498 0 185268 0 0 0 WILLIAMS MILTON DIRECTOR OF FACILITIES 147231 0 0 0 0 0 18794 0 11574 0 177599 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 0 1 B 0 0 0 0 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 39050 FINANCIAL AID TUITION MANNING CURTIS SPOUSE OF HEAD OF SCHOOL 47810 TOTAL COMPENSATION AND BENEFITS 0 ELIZABETH DICKSON SIBLING OF TRUSTEE MEMBER 79935 TOTAL COMPENSATION AND BENEFITS 0 LORI CLARK SPOUSE OF TRUSTEE MEMBER 12949 TOTAL COMPENSATION AND BENEFITS 0 X 100 1534971 MARKET VALUE 0 1 0 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 2017 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, 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. 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.