2019-03-23T08:54:32-05:00 2018-06-30 042943536 Tonneson & Company PC 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2017-07-01 042104370 The Kingsley Montessori School Inc KING 6172264900 30 Fairfield Street Boston MA 02116 James Bonsey Chief Financial Officer 6175365984 2019-03-18 1 Cynthia P Almquist P01309212 7812459999 2019-03-18 64.88.174.3 2019-03-18 20:24:07 ED P B78BDBF5A991F3E6616A47A94A6314601ACE98E7 565B6479B8FE82A26A24C69F40D7C269F6EF9987 2017 2019-02-21 02:37:17Z James Bonsey 30 Fairfield Street Boston MA 02116 11522780 0 X www.kingsley.org X 1945 MA To provide education to students in grades Toddler to Sixth 23 22 123 75 -25345 4809 1669911 994531 9541945 10182367 1065 2396 47654 -38915 11260575 11140379 416900 455070 0 0 6093019 6930797 33211 0 359145 3739535 4233580 10282665 11619447 977910 -479068 13825942 13982212 10276787 10912125 3549155 3070087 To provide education to students in grades Toddler to Sixth. 0 0 8825116 455070 10182367 The Kingsley Montessori School, Inc. maintains a non-profit private school and, in general, conducts activities for the promotion of education and instruction of students. 8825116 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 123 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X James Bonsey 6172264900 30 Fairfield Street Boston MA 02116 Charlotte Hemr Co-Chair of the Board 1.00 X X 0 0 0 Ashley Jacobs Co-Chair of the Board 1.00 X X 0 0 0 Heather Carrillo Co-Treasurer 1.00 X X 0 0 0 Kris Stookey Co-Treasurer 1.00 X X 0 0 0 Viva Hyatt Clerk 1.00 X X 0 0 0 Rob Adams Trustee 1.00 X 0 0 0 Monique Austin Trustee 1.00 X 0 0 0 Cindy Brown Trustee 1.00 X 0 0 0 Luke Burns Trustee 1.00 X 0 0 0 Greg Fisher Trustee 1.00 X 0 0 0 Ellie Chu Trustee 1.00 X 0 0 0 Matthew Friedman Trustee 1.00 X 0 0 0 Marc Jaffan Trustee 1.00 X 0 0 0 Tara Jordan Trustee 1.00 X 0 0 0 Lowell Kingsley Trustee Emeritus 1.00 X 0 0 0 Susan Kluver Trustee 1.00 X 0 0 0 Maria Pantazis Trustee 1.00 X 0 0 0 John Pena Trustee 1.00 X 0 0 0 Tedd Saunders Trustee 1.00 X 0 0 0 Molly Shannon Trustee 1.00 X 0 0 0 Marcus Springer Trustee 1.00 X 0 0 0 Jason Weiner Trustee 1.00 X 0 0 0 Renee DuChainey-Farkes Head of School 40.00 X X 267238 0 20798 James Bonsey Chief Financial Officer 40.00 X 135955 0 6401 Jorge Valcarcel Interim Head of School 40.00 X 98751 0 7923 Kristi O'Connor Director of Advancement 40.00 X 108626 0 8397 Kate Kimball Assistant Head of School 40.00 X 108169 0 14038 718739 0 57557 4 0 1 0 Choate Hall & Stewart LLP Two International Place Boston MA 021104104 Legal 136194 1 72760 921771 53288 994531 Tuition and fees 611600 9622498 9622498 Other activities 611600 559869 559869 10182367 2396 2396 330881 356226 -25345 -25345 -25345 12605 72760 26175 -13570 -13570 11140379 10182367 -25345 -11174 455070 455070 919097 268828 650269 4742950 3865688 663658 213604 122529 105847 11711 4971 708685 559481 125251 23953 437536 346232 76733 14571 192197 192197 42944 42944 8952 8952 623213 562840 60373 1252569 1127312 125257 158981 143083 15898 564454 508009 56445 69524 60474 9050 Student activities 262361 262361 Repairs and maintenance 192086 172877 19209 Miscellaneous 189293 36142 93823 59328 Transition expenses 165528 165528 511478 350872 117888 42718 11619447 8825116 2435186 359145 19208 23630 6091987 7148811 1165381 860345 49413 104429 248572 134067 9912167 4375920 6072126 5536247 179255 174683 13825942 13982212 622844 1133749 3969993 4391252 5218539 4989890 465411 397234 10276787 10912125 X 1244999 765193 2304156 2304894 3549155 3070087 13825942 13982212 -479068 0 X 0 1 X 1 0 X 37000 37000 1643833 1028232 615601 6898697 2272917 4625780 1332637 1074771 257866 5536247 Accrued Rent 397234 397234 X 10736829 51520 51520 10685309 455070 455070 11140379 11215897 51520 51520 11164377 455070 455070 11619447 Part X, Line 2: In accordance with Section 501(c)(3) of the Internal Revenue Code, the School is exempt from federal and state income taxes and, accordingly, the financial statements do not reflect a provision for income taxes. These determinations have been reviewed according to guidance in a recent Financial Accounting Standards Board pronouncement related to accounting for uncertainty in income taxes. In determining the recognition of uncertain tax positions, the School now applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2018, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The School is generally subject to potential examination by taxing jurisdictions for the prior three years. Part XI, Line 2d - Other Adjustments: Fundraising Expense 26,175. Sublease Expense 25,345. Part XI, Line 4b - Other Adjustments: Financial Aid 455,070. Part XII, Line 2d - Other Adjustments: Fundraising Expense 26,175. Sublease Expense 25,345. Part XII, Line 4b - Other Adjustments: Financial Aid 455,070. 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 Kingsley Montessori School publicizes their nondiscriminatory policy through The Boston Globe and certain other publications. X X X X X 0 Gala 85365 72760 12605 26175 85365 72760 12605 26175 26175 -13570 1 Financial Aid/Scholarship 27 455070 Part I, Line 2: A limited number of scholarships financed primarily by fundraising events are available depending on the current financial condition of the school. Scholarships are based upon need. The Financial Aid Committee has sole discretion in determining who is awarded a scholarship. The Business Office produces reports in order to verify against student billing. X X X X 0 0 0 0 0 1 0 0 0 Renee DuChainey-Farkes Head of School 267238 0 0 0 0 0 18000 0 2798 0 288036 0 0 0 Part I, Line 6 The Head of School's bonus is contingent on the School meeting certain budget thresholds. A Massachusetts Development Finance Agency 043431814 2015-04-30 5300000 Repay 2005 bond and finance renovation of additional space leased by School 0 0 0 A 310110 5300000 75738 2717338 2506924 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 6 53288 Market Value 0 0 0 Form 990, Part VI, Section B, line 11b Form 990 is first prepared by the outside auditors,and then reviewed by the Director of Finance and Operations. The return is then submitted for approval to the Audit Committee and prior to filing is made available to the Board of Trustees. Form 990, Part VI, Section B, line 12c Directors, trustees and key employees are required to disclose annually any interests because it is important for management and the board of trustees to be aware of any potential conflicts Form 990, Part VI, Section B, line 15a The process of determining compensation for the organization's Head of School includes engaging a consultant that utilizes Form 990 of similar organizations as benchmarks, review by the compensation committee, comparison to a relative compensation survey, and ultimately approval by the organization's Board of Trustees. Form 990, Part VI, Section C, line 19 The 990 is made available to the public upon request and through www.guidestar.com.