CONCORD ACADEMY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CONCORD ACADEMY (EIN 04-1200600)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-02
- IRS object ID
- 201911229349301691
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-02T19:21:44-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021293742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041200600 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CONC | BusinessNameControlTxt |
| Phone | 9784022200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY MILLER-FREDERICKS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9784022200 | PhoneNum |
| Signature | 2019-05-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.98.98.9 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-02 | IPDt |
| IP Tm | 16:13:02 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 537009A0A005A6691AF8E3CD281085943AFA35D8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 80A56547EDB5E2BF0711BF7CB6211EB1BC4D6842 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICHARD G HARDY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $105,286,082 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CONCORDACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1922 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREP SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2017-18 ENROLLMENT WAS COMPOSED OF 382 STUDENTS, 149 OF WHOM WERE BOARDING STUDENTS AND 233 OF WHOM WERE DAY STUDENTS FROM 15 STATES/TERRITORIES AND 15 FOREIGN COUNTRIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 29 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 347 | TotalEmployeeCnt |
| Total Volunteers | 363 | TotalVolunteersCnt |
| Total Gross UBI | $54,648 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $48,289 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,798,417 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,659,376 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,260,456 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,095,620 | CYProgramServiceRevenueAmt |
| PY Investment Income | $993,008 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,882,134 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $28,051,881 | PYTotalRevenueAmt |
| CY Total Revenue | $40,637,130 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,996,898 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,183,191 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,894,549 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,723,922 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,969,956 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,087,763 | PYOtherExpensesAmt |
| CY Other Expenses | $9,006,116 | CYOtherExpensesAmt |
| PY Total Expenses | $26,979,210 | PYTotalExpensesAmt |
| CY Total Expenses | $26,913,229 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,072,671 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,723,901 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $129,780,889 | TotalAssetsBOYAmt |
| Total Assets EOY | $140,337,352 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $20,668,796 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,437,460 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $109,112,093 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $118,899,892 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CONCORD ACADEMY ENGAGES ITS STUDENTS IN A COMMUNITY ANIMATED BY A LOVE OF LEARNING, ENRICHED BY A DIVERSITY OF BACKGROUNDS AND PERSPECTIVES, AND GUIDED BY A COVENANT OF COMMON TRUST. STUDENTS AND TEACHERS WORK TOGETHER AS A COMMUNITY OF LEARNERS DEDICATED TO INTELLECTUAL RIGOR AND CREATIVE ENDEAVOR. IN A CARING AND CHALLENGING ATMOSPHERE, STUDENTS DISCOVER AND DEVELOP TALENTS AS SCHOLARS, ARTISTS, AND ATHLETES AND ARE ENCOURAGED TO FIND THEIR VOICES. THE SCHOOL IS COMMITTED TO EMBRACING AND BROADENING THE DIVERSITY OF BACKGROUNDS, PERSPECTIVES, AND TALENTS OF ITS PEOPLE. THIS DIVERSITY FOSTERS RESPECT FOR OTHERS AND GENUINE EXCHANGE OF IDEAS. COMMON TRUST CHALLENGES STUDENTS TO BALANCE INDIVIDUAL FREEDOM WITH RESPONSIBILITY AND SERVICE TO A LARGER COMMUNITY. SUCH LEARNING PREPARES STUDENTS FOR LIVES AS COMMITTED CITIZENS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $20,621,720 | ExpenseAmt |
| Grant | $4,183,191 | GrantAmt |
| Revenue | $21,095,620 | RevenueAmt |
| Desc | SECONDARY EDUCATION: 382 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9. | Desc |
| Total Program Service Expenses | $20,621,720 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 120 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 347 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 29 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY MILLER-FREDERICKS CFO | PersonNm |
| Phone | 9784022200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KIM WILLIAMS | ||||||||
| PRESIDENT | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| FAY LAMPERT SHUTZER | ||||||||
| FIRST VP AND TRUSTEE | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER A PLINE | ||||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ELISABETH FRUSZTAJER | ||||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER J BURLEIGH | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JOANNE R CASPER | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| AMY CAMMANN CHOLNOKY | ||||||||
| SECOND VP AND TRUSTEE | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SEAN M DALTON | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL B FIRESTONE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH FAULKNER HUGENBERGER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIDGET C JOHNSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMIE KLICKSTEIN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROSE PEABODY LYNCH | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JILL CONWAY MEHL | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DERRICK YAT BOND PANG | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN PARKE | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| NEIL E RASMUSSEN | ||||||||
| THIRD VP AND TRUSTEE | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| OLIVIA HOWARD SABINE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROLYN STAFFORD STEIN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NASHAN VASSALL | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARGARET WALKER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD G HARDY | ||||||||
| HEAD OF SCHOOL | 55.00 | Yes (X) | Yes (X) | $356,896 | $0 | $210,059 | ||
| KARL BANDTEL | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| LYNN DAYTON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTAN FIRST | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW GINSBURG | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN GROSSMAN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| YUCHUN LEE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LAUREN BRUCK SIMON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| AMY MILLER-FREDERICKS | ||||||||
| CFO | 55.00 | Yes (X) | $222,404 | $0 | $63,065 | |||
| ALICE R ROEBUCK | ||||||||
| DIRECTOR OF ADVANCEMENT & ENGAGEMENT | 55.00 | $213,640 | $0 | $17,048 | Yes (X) | |||
| DONALD KINGMAN | ||||||||
| DIR. OF CAMPUS PLANNING, DESIGN & CONSTRUCTION | 55.00 | $130,820 | $0 | $39,450 | Yes (X) | |||
| JOHN DREW | ||||||||
| ASST. HEAD OF SCHOOL/ACADEMIC DEAN | 55.00 | $145,332 | $0 | $36,146 | Yes (X) | |||
| CHRISTINE H FLASHNER | ||||||||
| DIRECTOR OF DEVELOPMENT | 55.00 | $154,414 | $0 | $417 | Yes (X) | |||
| BENJAMIN CARMICHAEL | ||||||||
| DIR. OF MARKETING & COMMUNICATIONS | 55.00 | $124,890 | $0 | $17,682 | Yes (X) | |||
| DAVID LEACH | ||||||||
| DIRECTOR OF ADMINISTRATIVE SYSTEMS | 55.00 | $119,977 | $0 | $9,536 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,468,373 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $393,403 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DEWING SCHMID KEARNS | |||||
| 30 MONUMENT SQUARE STE 200B | CONCORD | MA | 01742 | ARCHITECTS | $490,524 |
| OUNCEIT | |||||
| PO BOX 3137 | WORCHESTER | MA | 01603 | IT CONSULTANTS | $368,427 |
| ROBERT E ROBILLARD FINISH CARPENTRY & R | |||||
| 61 BEDFORD COURT | CONCORD | MA | 01742 | CARPENTER | $125,900 |
| LAKELAND DRYWALL & CONSTRUCTION | |||||
| 8 CHESTERFORD ROAD EAST | WINCHESTER | MA | 01890 | DRYWALL | $102,020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $10,659,376 | AllOtherContributionsAmt |
| Noncash Contributions | $773,707 | NoncashContributionsAmt |
| Total Contributions | $10,659,376 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES/SUMMER PROGRAM | 611110 | $21,005,860 | $21,005,860 |
| MISCELLANEOUS INCOME | 611110 | $89,760 | $89,760 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,095,620 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $710,934 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $54,648 | UnrelatedBusinessRevenueAmt |
| Exclusion | $656,286 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $72,820,152 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,585,138 | SecuritiesAmt |
| Other | $63,814 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,235,014 | SecuritiesAmt |
| Other | -$63,814 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,171,200 | TotalRevenueColumnAmt |
| Exclusion | $8,171,200 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,637,130 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,095,620 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $54,648 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,827,486 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,183,191 | TotalAmt |
| Program Services | $4,183,191 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,053,370 | TotalAmt |
| Management And General | $820,414 | ManagementAndGeneralAmt |
| Fundraising | $232,956 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,687,883 | TotalAmt |
| Program Services | $7,508,319 | ProgramServicesAmt |
| Management And General | $1,294,168 | ManagementAndGeneralAmt |
| Fundraising | $885,396 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $685,629 | TotalAmt |
| Program Services | $531,155 | ProgramServicesAmt |
| Management And General | $93,802 | ManagementAndGeneralAmt |
| Fundraising | $60,672 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,553,070 | TotalAmt |
| Program Services | $1,063,482 | ProgramServicesAmt |
| Management And General | $361,168 | ManagementAndGeneralAmt |
| Fundraising | $128,420 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $743,970 | TotalAmt |
| Program Services | $531,334 | ProgramServicesAmt |
| Management And General | $134,712 | ManagementAndGeneralAmt |
| Fundraising | $77,924 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,465 | TotalAmt |
| Management And General | $56,465 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,600 | TotalAmt |
| Management And General | $91,600 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,273 | TotalAmt |
| Management And General | $363,273 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000,902 | TotalAmt |
| Program Services | $810,896 | ProgramServicesAmt |
| Management And General | $158,450 | ManagementAndGeneralAmt |
| Fundraising | $31,556 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,340 | TotalAmt |
| Program Services | $1,973 | ProgramServicesAmt |
| Management And General | $40,604 | ManagementAndGeneralAmt |
| Fundraising | $23,763 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,862 | TotalAmt |
| Program Services | $205,823 | ProgramServicesAmt |
| Management And General | $29,366 | ManagementAndGeneralAmt |
| Fundraising | $11,673 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,172 | TotalAmt |
| Program Services | $110,849 | ProgramServicesAmt |
| Management And General | $53,409 | ManagementAndGeneralAmt |
| Fundraising | $7,914 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $812,707 | TotalAmt |
| Program Services | $761,955 | ProgramServicesAmt |
| Management And General | $32,827 | ManagementAndGeneralAmt |
| Fundraising | $17,925 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,402 | TotalAmt |
| Program Services | $124,855 | ProgramServicesAmt |
| Management And General | $83,657 | ManagementAndGeneralAmt |
| Fundraising | $45,890 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,806 | TotalAmt |
| Program Services | $122,174 | ProgramServicesAmt |
| Management And General | $32,778 | ManagementAndGeneralAmt |
| Fundraising | $10,854 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,707 | TotalAmt |
| Program Services | $231,492 | ProgramServicesAmt |
| Management And General | $46,349 | ManagementAndGeneralAmt |
| Fundraising | $30,866 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,008,177 | TotalAmt |
| Program Services | $1,892,321 | ProgramServicesAmt |
| Management And General | $70,216 | ManagementAndGeneralAmt |
| Fundraising | $45,640 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,108 | TotalAmt |
| Program Services | $25,638 | ProgramServicesAmt |
| Management And General | $152,852 | ManagementAndGeneralAmt |
| Fundraising | $618 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD | $1,652,511 | $1,444,594 | $87,574 | $120,343 |
| EQUIPMENT PURCHASE REPA | $696,168 | $618,773 | $24,197 | $53,198 |
| DUES & SUBSCRIPTIONS | $213,210 | $132,543 | $59,134 | $21,533 |
| COPIES, PRINTING, POSTA | $138,042 | $18,522 | $47,215 | $72,305 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $579,664 | TotalAmt |
| Program Services | $301,831 | ProgramServicesAmt |
| Management And General | $187,323 | ManagementAndGeneralAmt |
| Fundraising | $90,510 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,913,229 | TotalAmt |
| Program Services | $20,621,720 | ProgramServicesAmt |
| Management And General | $4,321,553 | ManagementAndGeneralAmt |
| Fundraising | $1,969,956 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,173 | BOYAmt |
| EOY | $3,374 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,510,831 | BOYAmt |
| EOY | $11,339,335 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,749,456 | BOYAmt |
| EOY | $8,791,954 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,412 | BOYAmt |
| EOY | $13,514 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,514 | BOYAmt |
| EOY | $11,156 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,134 | BOYAmt |
| EOY | $524,254 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $67,603,683 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,890,611 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,032,749 | BOYAmt |
| EOY | $37,713,072 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,926,580 | BOYAmt |
| EOY | $12,308,957 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,344,869 | BOYAmt |
| EOY | $67,931,556 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,747,171 | BOYAmt |
| EOY | $1,700,180 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,780,889 | BOYAmt |
| EOY | $140,337,352 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,101,638 | BOYAmt |
| EOY | $1,795,724 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,231,166 | BOYAmt |
| EOY | $8,230,152 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,443,450 | BOYAmt |
| EOY | $10,520,134 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $892,542 | BOYAmt |
| EOY | $891,450 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,668,796 | BOYAmt |
| EOY | $21,437,460 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,194,375 | BOYAmt |
| EOY | $56,752,368 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,433,674 | BOYAmt |
| EOY | $18,766,558 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,484,044 | BOYAmt |
| EOY | $43,380,966 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,112,093 | BOYAmt |
| EOY | $118,899,892 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,780,889 | BOYAmt |
| EOY | $140,337,352 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $13,723,901 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,716,185 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$219,917 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $67,056,380 | BeginningYearBalanceAmt |
| Contributions | $4,497,504 | ContributionsAmt |
| Investment Earnings Or Losses | $4,394,108 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $510,528 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,547,472 | OtherExpendituresAmt |
| End Year Balance | $72,889,992 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $60,362,974 | BeginningYearBalanceAmt |
| Contributions | $2,477,923 | ContributionsAmt |
| Investment Earnings Or Losses | $7,235,483 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $505,118 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,514,882 | OtherExpendituresAmt |
| End Year Balance | $67,056,380 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $62,305,358 | BeginningYearBalanceAmt |
| Contributions | $1,500,256 | ContributionsAmt |
| Investment Earnings Or Losses | -$552,640 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $516,910 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,373,090 | OtherExpendituresAmt |
| End Year Balance | $60,362,974 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $63,991,806 | BeginningYearBalanceAmt |
| Contributions | $2,219,979 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,189,427 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $430,118 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,286,882 | OtherExpendituresAmt |
| End Year Balance | $62,305,358 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $56,823,321 | BeginningYearBalanceAmt |
| Contributions | $1,796,384 | ContributionsAmt |
| Investment Earnings Or Losses | $8,053,101 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $427,544 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,253,456 | OtherExpendituresAmt |
| End Year Balance | $63,991,806 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.30200 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.54400 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.15400 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,171,694 | OtherCostOrOtherBasisAmt |
| Book Value | $8,171,694 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,968,281 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,676,034 | DepreciationAmt |
| Book Value | $23,292,247 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,105,604 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,109,790 | DepreciationAmt |
| Book Value | $1,995,814 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,358,104 | OtherCostOrOtherBasisAmt |
| Depreciation | $104,787 | DepreciationAmt |
| Book Value | $4,253,317 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $37,713,072 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITIES | $24,065,650 | F |
| FIXED INCOME | $11,845,411 | F |
| MULTI ASSET | $8,174,529 | F |
| ABSOLUTE RETURN | $10,040,953 | F |
| REAL ASSETS | $3,125,267 | F |
| PRIVATE MARKETS | $3,671,480 | F |
| OPPORTUNISTIC | $7,008,266 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $67,931,556 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACTIVITIES ACCOUNT | $377,279 |
| CAPITAL LEASE OBLIGATIONS | $15,402 |
| HOUSING DEPOSITS | $18,079 |
| REGISTRATION DEPOSITS | $480,690 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $891,450 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $32,269,060 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,716,185 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,651,885 | OtherRevenueAmt |
| Revenue Not Reported | -$8,368,070 | RevenueNotReportedAmt |
| Revenue Subtotal | $40,637,130 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $40,637,130 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $22,481,261 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,481,261 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,431,968 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,431,968 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $26,913,229 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT FUNDS ARE TO BE USED IN FURTHERANCE OF THE ACADEMY'S EXEMPT PURPOSES. |
| PART X, LINE 2: | THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. UNDER IRS STATUTES, THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2015. THE ACADEMY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 74,409. FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,068,695. INVESTMENT ADVISORY FEES NETTED WITH INVESTMENT INCOME -363,273. PROVISION FOR UNCOLLECTIBLE PLEDGES -294,326. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID GRANTS NETTED WITH REVENUE 4,068,695. INVESTMENT ADVISORY FEES NETTED WITH GAINS 363,273. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING STATEMENT IS PUBLISHED ANNUALLY IN THE BOSTON GLOBE: WE MEMBER SCHOOLS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND REAFFIRM OUR LONG-STANDING POLICY OF NONDISCRIMINATORY ADMISSION OF STUDENTS. WE ADMIT STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT OUR SCHOOLS. WE DO NOT DISCRIMINATE IN VIOLATION OF ANY LAW OR STATUTE IN THE ADMINISTRATION OF OUR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAM, AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. INFORMATION AND SCHOOL CATALOGUES MAY BE OBTAINED BY CALLING THE SCHOOL. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| EAST ASIA & THE PACIFIC | FUNDRAISING/PROGRAM SERVICE | CA EVENTS/UPDATES | $28,601 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | FUNDRAISING/PROGRAM SERVICE | CA EVENTS/UPDATES | $11,467 |
| EAST ASIA & THE PACIFIC | PROGRAM | SCHOOL FAIRS/RECRUITMENT/ PROFESSIONAL DEVELOPMENT | $12,570 |
| CENTRAL AMERICA & THE CARIBBEAN | INVESTMENTS | $23,321,581 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | INVESTMENTS | $1,450,676 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $24,824,895 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $24,824,895 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (9 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| TUITION GRANTS | 91 | $3,860,182 | DIFFERENCE AFTER EXPECTED FAMILY CONTRIBUTION PER FINANCIAL AID SOFTWARE | GRANTS DEDUCTED FROM SCHOOL TUITION | |
| MUSIC LESSON FINANCIAL AID | 32 | $42,992 | PERCENTAGE OF FINANCIAL AID AWARD | FINANCIAL AID DEDUCTED FROM MUSIC LESSON FEES | |
| HEALTH INSURANCE FINANCIAL AID | 28 | $48,391 | PERCENTAGE OF FINANCIAL AID AWARD | FINANCIAL AID DEDUCTED FROM STUDENT HEALTH INSURANCE COSTS | |
| MONTHLY SUPPLEMENTAL FOR INCIDENTALS | 32 | $16,550 | |||
| TRAVEL EXP REIMB. - FA PARENT/GUARDIAN TO/FROM CA EVENTS | 9 | $3,857 | |||
| TRAVEL EXPS - FA STUDENTS TIX PURCHASED ON THEIR BEHALF TO/FROM HOME; SUMMER PROGRAM/TRAVEL EXPENSE | 22 | $4,938 | |||
| FA STUDENTS COMPUTER GRANTS/COMPUTER SUPPLIES | 17 | $1,279 | CASH REIMBURSEMENTS | SUPPLIES PURCHASED FOR STUDENTS BY DIRECTOR OF FA ON STUDENT'S BEHALF | $7,621 |
| ACTIVITIES ACCOUNT GRANTS | 91 | $126,680 | ESTIMATE FOR STUDENT RELATED BOOK AND INCIDENTAL EXPENSES | FA DEDUCTED FROM STUDENT INCIDENTAL CHARGES | |
| STUDENT TRIP GRANTS | 39 | $70,701 | % OF FA AWARD | FA DEDUCTED FROM TRIP EXPENSES |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CONCORD ACADEMY AWARDED FINANCIAL ASSISTANCE TO 91 STUDENTS INCLUDING TUITION GRANTS AND ASSISTANCE FOR MUSIC LESSONS, HEALTH INSURANCE, BOOKSTORE PURCHASES, TRANSPORTATION AND MISCELLANEOUS EXPENSES. ASSISTANCE IS AWARDED ON A FINANCIAL NEED BASIS THROUGH THE FINANCIAL AID OFFICE. BOTH THE FINANCIAL AID DIRECTOR AND THE FINANCE OFFICE STAFF ADMINISTER AND MONITOR ALL GRANTS AND STUDENT SPENDING ON A MONTHLY BASIS. THE FINANCIAL AID DIRECTOR MEETS MONTHLY WITH EACH FINANCIAL AID RECIPIENT TO REVIEW SPENDING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD G HARDY | ||||||||||||||
| HEAD OF SCHOOL | $356,104 | $0 | $0 | $0 | $792 | $0 | $127,100 | $0 | $82,959 | $0 | $566,955 | $0 | $0 | $0 |
| AMY MILLER-FREDERICKS | ||||||||||||||
| CFO | $221,888 | $0 | $0 | $0 | $516 | $0 | $36,168 | $0 | $26,897 | $0 | $285,469 | $0 | $0 | $0 |
| ALICE R ROEBUCK | ||||||||||||||
| DIRECTOR OF ADVANCEMENT & ENGAGEMENT | $213,520 | $0 | $0 | $0 | $120 | $0 | $17,048 | $0 | $0 | $0 | $230,688 | $0 | $0 | $0 |
| DONALD KINGMAN | ||||||||||||||
| DIR. OF CAMPUS PLANNING, DESIGN & CO | $130,086 | $0 | $0 | $0 | $734 | $0 | $11,415 | $0 | $28,035 | $0 | $170,270 | $0 | $0 | $0 |
| JOHN DREW | ||||||||||||||
| ASST. HEAD OF SCHOOL/ACADEMIC DEAN | $145,056 | $0 | $0 | $0 | $276 | $0 | $12,382 | $0 | $23,764 | $0 | $181,478 | $0 | $0 | $0 |
| CHRISTINE H FLASHNER | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $154,234 | $0 | $0 | $0 | $180 | $0 | $0 | $0 | $417 | $0 | $154,831 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | CONCORD ACADEMY IS A COEDUCATIONAL BOARDING AND DAY SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, HEAD OF SCHOOL AND SOME FACULTY AND STAFF LIVE IN SCHOOL-OWNED HOUSING WHICH IS A NONTAXABLE BENEFIT TO THEM. THE HEAD OF SCHOOL'S ESTIMATED NONTAXABLE HOUSING BENEFIT IS $55,000 AND IT IS REPORTED IN PART II, COLUMN D. CONCORD ACADEMY REIMBURSED THE HEAD OF SCHOOL, RICHARD HARDY, TRAVEL FOR COMPANION EXPENSES WHICH ARE NONTAXABLE TO THE HEAD OF SCHOOL. CERTAIN TRANSPORTATION EXPENSE WERE INCURRED FOR THE HEAD OF SCHOOL'S SPOUSE IN RELATION TO CONCORD ACADEMY PLANNED EVENTS. |
| PART I, LINE 3 | THE CONCORD BOARD OF TRUSTEES SUB-COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFO AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE ANNUAL COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. IN THE SPRING OF 2017, THE SUB-COMMITTEE MET TO APPROVE THE HEAD OF SCHOOL'S COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7. |
| PART I, LINE 4B | RICHARD HARDY, HEAD OF SCHOOL, PARTICIPATES IN THE ACADEMY'S NONQUALIFIED RETIREMENT PLAN (SEC. 457F PLAN); EMPLOYER CONTRIBUTIONS FOR FY 17-18 ARE IN THE AMOUNT OF $87,500 WHICH IS INCLUDED IN FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. |
| PART I, LINE 7: | THE ACADEMY ACCRUED $50,000 FOR RICHARD G. HARDY, HEAD OF SCHOOL, BASED UPON THE ACADEMY MEETING ITS ANNUAL BUDGET AS WELL AS THE EMPLOYEE MEETING SPECIFIC PERFORMANCE METRICS ESTABLISHED BY THE ACADEMY. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2017-02-09 | BondIssuedDt |
| Issue Price | $18,698,446 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $630,000 | RetiredAmt |
| Total Proceeds | $18,698,446 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $51,000 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $2,624,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $8,698,446 | OtherSpentProceedsAmt |
| Unspent | $7,325,000 | UnspentAmt |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | 0 | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, BOND ISSUES: | (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: SERIES 2017A BOND PROCEEDS ARE USED TO REFUND SERIES 2010A BONDS AND SERIES 2014B BONDS. SERIES 2017B BOND PROCEEDS ARE AVAILABLE TO BE DRAWN FOR CAPITAL EXPENDITURES. |
| SCHEDULE K, PART II, LINE 12: | THE SERIES 2017B BONDS ARE AVAILABLE FOR THE ACADEMY TO DRAW DOWN UPON THROUGH MARCH 2020. AS OF JUNE 30, 2018, THE ACADEMY HAS DRAWN DOWN $2,675,000 RELATING TO THE SERIES 2017B BONDS AND $7,325,000 IS THE AMOUNT REMAINING. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 57 | ContributionCnt |
| Noncash Contributions Rpt F990 | $773,707 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. |
| PART I, LINE 32B: | MORGAN STANLEY SMITH BARNEY, LLC PROCESSED AND SOLD THE STOCK DONATIONS ON BEHALF OF THE ACADEMY. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | UPON COMPLETION OF THE 2017 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE, SIGN AND RETURN TO THE ASSISTANT TO THE HEAD OF SCHOOL A CONFLICT OF INTEREST FORM. ONCE RETURNED, EACH FORM IS REVIEWED BY THE ASSISTANT AND ANY EXCEPTIONS ARE REPORTED TO THE HEAD AND CFO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE OF TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. THE ORIGINAL FORMS ARE KEPT IN THE INDIVIDUAL TRUSTEE FILES IN THE HEAD'S OFFICE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CONCORD BOARD OF TRUSTEES SUB-COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFO AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE ANNUAL COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. IN THE SPRING OF 2017, THE SUB-COMMITTEE MET TO APPROVE THE HEAD OF SCHOOL'S COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 74,409. PROVISION FOR UNCOLLECTIBLE PLEDGES -294,326. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARITABLE TRUST | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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