NEWTON HIGH PEAK INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- NEWTON HIGH PEAK INC (EIN 82-3447166)
- Tax period
- 2017-11-15 to 2018-06-30
- Filed
- 2019-05-15
- IRS object ID
- 201941359349303964
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-15T10:13:08-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043107805 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRAGUE & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 WALNUT STREET STE 150 | AddressLine1Txt |
| City | WELLESLEY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02481 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-11-15 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823447166 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINTHROP PARK SCHOOL INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O MCCARTHY LEGAL SERVICES | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WINT | BusinessNameControlTxt |
| Phone | 6172442800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1188 CENTRE STREET | AddressLine1Txt |
| City | NEWTON CENTRE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02459 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE HINDS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6172442800 | PhoneNum |
| Signature | 2019-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANDREW P PRAGUE CPA | PreparerPersonNm |
| PTIN | P00451424 | PTIN |
| Phone | 7812375555 | PhoneNum |
| Preparation | 2019-05-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 108.49.115.114 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-14 | IPDt |
| IP Tm | 14:16:51 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | CAA3969411FEC4D7C62E786BFF005D80E67AD6A1 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 3D837596CCEAB47257462F00283E652C5A8432B5 | 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) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | STEVE HINDS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 79 HARRIS AVENUE | AddressLine1Txt |
| City | NEEDHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $40,188,349 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE SCHOOL WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE. MORE SPECIFICALLY, THE SCHOOL WILL OPERATE A SCHOOL LOCATED IN NEWTON, MASSACHUSETTS.THE SCHOOL WILL HAVE A REGULARLY SCHEDULED CURRICULUM, A REGULAR FACULTY, AND A REGULARLY ENROLLED BODY OF STUDENTS IN ATTENDANCE AT A PLACE WHERE THE EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. THE SCHOOL'S CURRICULUM WILL BE WIDE-RANGING AND CONSIST OF ALL TRADITIONAL AREAS OF STUDY FOR HIGH SCHOOL STUDENTS. ACCORDINGLY, THE EDUCATION PROVIDED BY THE SCHOOL WILL BE COMPREHENSIVE AND CONSTITUTE A REGULARLY SCHEDULED CURRICULUM. THE PROGRESSIVE TEACHING METHODS OF THE SCHOOL ARE INTENDED TO PROMOTE IN STUDENTS A LOVE OF LEARNING, TO INSTILL IN THEM A SENSE OF PERSONAL WORTH AND RESPECT FOR OTHERS AND TO DEVELOP CRITICAL THINKING SKILLS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $25,757,576 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $10,806,938 | CYInvestmentIncomeAmt |
| CY Other Revenue | -$201,195 | CYOtherRevenueAmt |
| CY Total Revenue | $36,363,319 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $30,563 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| CY Other Expenses | $464,591 | CYOtherExpensesAmt |
| CY Total Expenses | $495,154 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $35,868,165 | CYRevenuesLessExpensesAmt |
| Total Assets EOY | $51,479,317 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $26,140,385 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances EOY | $25,338,932 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SCHOOL WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE. MORE SPECIFICALLY, THE SCHOOL WILL OPERATE A SCHOOL LOCATED IN NEWTON, MASSACHUSETTS.THE SCHOOL WILL HAVE A REGULARLY SCHEDULED CURRICULUM, A REGULAR FACULTY, AND A REGULARLY ENROLLED BODY OF STUDENTS IN ATTENDANCE AT A PLACE WHERE THE EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. THE SCHOOL'S CURRICULUM WILL BE WIDE-RANGING AND CONSIST OF ALL TRADITIONAL AREAS OF STUDY FOR HIGH SCHOOL STUDENTS. ACCORDINGLY, THE EDUCATION PROVIDED BY THE SCHOOL WILL BE COMPREHENSIVE AND CONSTITUTE A REGULARLY SCHEDULED CURRICULUM. THE PROGRESSIVE TEACHING METHODS OF THE SCHOOL ARE INTENDED TO PROMOTE IN STUDENTS A LOVE OF LEARNING, TO INSTILL IN THEM A SENSE OF PERSONAL WORTH AND RESPECT FOR OTHERS AND TO DEVELOP CRITICAL THINKING SKILLS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Desc | THE SCHOOL IS NOT YET OPERATIONAL. THE SCHOOL FACILITY AND THE PROPERTY ON WHICH SUCH FACILITY SITS WAS FORMERLY OWNED AND OPERATED BY ANOTHER SECTION 501(C)(3) SCHOOL (UNRELATED TO THE SCHOOL), WHICH SCHOOL IS IN THE PROCESS OF TRANSITIONING ITS OPERATIONS TO ANOTHER STATE. THE SCHOOL FACILITY WAS ACQUIRED BY THE SCHOOL ON DECEMBER 22, 2017 AND THE FORMER OPERATOR CONTINUED ITS CHARITABLE OPERATIONS AT THE SITE THROUGH THE END OF THE SCHOOL YEAR, JUNE 30, 2018, AFTER WHICH THE SCHOOL TOOK OCCUPANCY OF THE SCHOOL FACILITY. THE SCHOOL'S FACILITY WILL REQUIRE SOME REHABILITATION PRIOR TO COMMENCING OPERATIONS TO ADDRESS DEFERRED MAINTENANCE ISSUES IN ORDER TO ACCOMMODATE THE SCHOOL'S ANTICIPATED OPERATIONS AND ACTIVITIES.ONCE OPERATIONAL, THE SCHOOL WILL RECEIVE REVENUES PRIMARILY THROUGH TUITION PAYMENTS FROM STUDENTS. THE SCHOOL MAY ACCEPT GIFTS AND BEQUESTS FROM INDIVIDUALS, CORPORATIONS, FIRMS, TRUSTS AND OTHER ENTITIES. CURRENTLY, THE SCHOOL IS RECEIVING PASSIVE INCOME FROM MULTIPLE INVESTMENT PROPERTIES DONATED TO THE SCHOOL BY A SECTION 501(C)(3) PRIVATE FOUNDATION ON DECEMBER 31, 2017. | Desc |
| 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 | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | 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 | 0 | 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 | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| 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 | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | 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 | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCCARTHY LEGAL SERVICES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172442800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1188 CENTRE STREET | AddressLine1Txt |
| City | NEWTON CENTRE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02459 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| STEVE HINDS | ||||||
| PRESIDENT & DIRECTOR | 5.00 | Yes (X) | Yes (X) | $30,563 | $0 | $0 |
| LISA BESTENI | ||||||
| TREASURER & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHRISTOPHER JEDREY | ||||||
| CLERK & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $30,563 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $25,757,576 | AllOtherContributionsAmt |
| Noncash Contributions | $25,606,082 | NoncashContributionsAmt |
| Total Contributions | $25,757,576 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $588 | TotalRevenueColumnAmt |
| Exclusion | $588 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,132,834 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,334,029 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$201,195 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$201,195 | TotalRevenueColumnAmt |
| Exclusion | -$201,195 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,297,351 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,491,001 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $10,806,350 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,806,350 | TotalRevenueColumnAmt |
| Exclusion | $10,806,350 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,363,319 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $10,605,743 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,563 | TotalAmt |
| Management And General | $30,563 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,873 | TotalAmt |
| Management And General | $305,873 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,689 | TotalAmt |
| Management And General | $134,689 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER EXPENSES | Desc |
| Total | $24,029 | TotalAmt |
| Management And General | $24,029 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $495,154 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $495,154 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $577,318 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $30,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $38,487,895 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $947,571 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $37,540,324 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $84,905 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $24,371 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $13,221,649 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $51,479,317 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $26,140,385 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $26,140,385 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $25,338,932 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $25,338,932 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $51,479,317 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $35,868,165 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$10,529,233 | 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 | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $16,350,000 | InvestmentCostOrOtherBasisAmt |
| Book Value | $16,350,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $22,137,895 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $947,571 | DepreciationAmt |
| Book Value | $21,190,324 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $37,540,324 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| 109-111 HERRICK CIRCLE CONDO ESCROW | $1,950,000 |
| UNREALIZED APPRECIATION OF DONATED PROPERTY - APPLETREEWOOD LLC | $5,348,839 |
| UNREALIZED APPRECIATION OF DONATED PROPERTY - SWEETWOOD LLC | $5,922,810 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $13,221,649 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $41,504 |
| NOTES PAYABLE | $21,250,000 |
| INTEREST PAYABLE | $896,458 |
| MORTGAGES PAYABLE | $3,758,258 |
| OTHER PAYABLES | $194,165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $26,140,385 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $28,168,117 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $2,334,030 | OtherRevenueAmt |
| Revenue Not Reported | $2,334,030 | RevenueNotReportedAmt |
| Revenue Subtotal | $25,834,087 | RevenueSubtotalAmt |
| Other Revenues Not Included | $10,529,232 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $10,529,232 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $36,363,319 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,829,184 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,334,030 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,334,030 | ExpensesNotReportedAmt |
| Expenses Subtotal | $495,154 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $495,154 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PROPERTY-RELATED EXPENSES NETTED AGAINST RENTAL INCOME FOR 990 PRESENTATION 2,334,030. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | TAX BASIS GAIN IN EXCESS OF GAAP 10,529,232. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PROPERTY-RELATED EXPENSES NETTED AGAINST RENTAL INCOME FOR 990 PRESENTATION 2,334,030. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | 0 | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | 0 | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | 0 | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | 0 | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | 0 | 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 (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE WINTHROP PARK SCHOOL HAS NOT YET BEGUN OPERATIONS AND IS IN ITS START-UP PHASE. |
| SCHEDULE E, PART I, LINE 4 | THE WINTHROP PARK SCHOOL HAS NOT YET BEGUN OPERATIONS. IT IS STILL IN ITS START-UP PHASE AND THEREFORE, SINCE INCEPTION THROUGH JUNE 30, 2018, HAS HAD NO STUDENTS OR FACULTY AND HAS ISSUED NO BROCHURES OR OTHER WRITTEN COMMUNICATIONS TO THE PUBLIC. |
Schedule M IRS990ScheduleM
Real Estate Commercial RealEstateCommercialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $25,606,082 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | INDEPENDENT APPRAISALS | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | THE SCHOOL FACILITY AND THE PROPERTY ON WHICH SUCH FACILITY SITS WAS FORMERLY OWNED AND OPERATED BY ANOTHER SECTION 501(C)(3) SCHOOL (UNRELATED TO THE SCHOOL), WHICH SCHOOL IS IN THE PROCESS OF TRANSITIONING ITS OPERATIONS TO ANOTHER STATE. THE SCHOOL FACILITY WAS ACQUIRED BY THE SCHOOL ON DECEMBER 22, 2017 AND THE FORMER OPERATOR CONTINUED ITS CHARITABLE OPERATIONS AT THE SITE THROUGH THE END OF THE SCHOOL YEAR, JUNE 30, 2018, AFTER WHICH THE SCHOOL TOOK OCCUPANCY OF THE SCHOOL FACILITY. THE SCHOOL'S FACILITY WILL REQUIRE SOME REHABILITATION PRIOR TO COMMENCING OPERATIONS TO ADDRESS DEFERRED MAINTENANCE ISSUES IN ORDER TO ACCOMMODATE THE SCHOOL'S ANTICIPATED OPERATIONS AND ACTIVITIES. ONCE OPERATIONAL, THE SCHOOL WILL RECEIVE REVENUES PRIMARILY THROUGH TUITION PAYMENTS FROM STUDENTS. THE SCHOOL MAY ACCEPT GIFTS AND BEQUESTS FROM INDIVIDUALS, CORPORATIONS, FIRMS, TRUSTS AND OTHER ENTITIES. CURRENTLY, THE SCHOOL IS RECEIVING PASSIVE INCOME FROM MULTIPLE INVESTMENT PROPERTIES DONATED TO THE SCHOOL BY A SECTION 501(C)(3) PRIVATE FOUNDATION ON DECEMBER 31, 2017. |
| FORM 990, PART VI, SECTION B, LINE 11B | A ELECTRONIC AND OR PRINTED COPY OF FORM 990 WILL BE PROVIDED TO EACH MEMBER OF THE GOVERNING BODY. EACH MEMBER OF THE GOVERNING BODY WILL BE GIVEN AN OPPORTUNITY TO QUESTION AND OR COMMENT ON THE FORM 990 PRIOR TO THE FORM 990 BEING FILED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL IS NOT YET IN OPERATION. AS SOON AS THE SCHOOL BEGINS OPERATIONS, IT WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN PRINT AND ELECTRONICALLY. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 305,873. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 305,873. |
| FORM 990, PART XI, LINE 9: | GAIN ON PART VIII, LINE 7 IN EXCESS OF BOOK GAIN -10,529,233. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| CRESSLY LLC | |||||||||
| 1188 CENTRE STREET C/O MCCARTHY LEG | NEWTON | MA | 02459 | 743069882 | TITLE HOLDER TO LAND AND IMPROVEMENTS AT 188 CENTRE STREET, NEWTON, MA | MA | $11,360,671 | $0 | 100 OF LLC INTERESTS SOLD TO 3RD PARTY PRIOR TO FISCAL YEAR-END |
| APPLETREEWOOD LLC | |||||||||
| 1188 CENTRE STREET C/O MCCARTHY LEG | NEWTON | MA | 02459 | 352247831 | TITLE HOLDER TO LAND AND IMPROVEMENTS AT 143 ALEWIFE BROOK PARKWAY/446 CAMBR | MA | $3,077 | $8,553,106 | WINTHROP PARK SCHOOL INC (82-3447166) |
| SWEETWOOD LLC | |||||||||
| 1188 CENTRE STREET C/O MCCARTHY LEG | NEWTON | MA | 02459 | 760758184 | TITLE HOLDER TO LAND AND IMPROVEMENTS AT 149-153 ALEWIFE BROOK PARKWAY | MA | $265,410 | $10,930,185 | WINTHROP PARK SCHOOL INC (82-3447166) |
| EVERSAIL LLC | |||||||||
| 1188 CENTRE STREET C/O MCCARTHY LEG | NEWTON | MA | 02459 | 823447166 | TITLE HOLDER TO LAND AND IMPROVEMENTS AT 197 HERRICK RD, NEWTON, MA | MA | -$258,926 | $46,158,709 | WINTHROP PARK SCHOOL INC (82-3447166) |