2019-10-29T06:55:59-05:00 2019-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2018-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 WALTER SCHAEFFLER CFO 6035361748 2019-10-28 1 ORESTE J MOSCA P00366101 6032245357 2019-10-28 74.220.235.65 2019-10-28 11:00:06 ED P 8020A8EA482FF3E69FF6D0D1CB7E17B541C6CA19 29C68759C3A31B8ED533DB3A731D6EFA1030D551 2018 2019-02-21 02:37:17Z WALTER SCHAEFFLER CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 35643483 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12. 27 27 212 30 0 0 11456428 11726867 17394871 18111915 867945 1292173 0 -3857 29719244 31127098 3683455 3833006 0 0 10020962 10738818 0 0 2250222 7827593 7351633 21532010 21923457 8187234 9203641 108678613 119237443 14157212 14387134 94521401 104850309 HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 16938024 3833006 18111915 LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 280. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION.DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 16938024 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 86 2 1 212 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X WALTER SCHAEFFLER 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR ANDREW DAVIS MEMBER OF BOARD 2.00 X 0 0 0 MR HARRY SHEEHY MEMBER OF BOARD 2.00 X 0 0 0 MR THOMAS PHILLIPS MEMBER OF BOARD 2.00 X 0 0 0 MR CHRIS KEATING SECRETARY 3.00 X X 0 0 0 MS SUSAN MACGRATH MEMBER OF BOARD 2.00 X 0 0 0 MR KEVIN MATTINGLY MEMBER OF BOARD 2.00 X 0 0 0 MR A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 MS NELL REYNOLDS MEMBER OF BOARD 2.00 X 0 0 0 MS TRACY GILLETTE MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT HALL CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 MR GARY A SPIESS ESQ MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 MR ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 MR RICHARD VIEIRA MEMBER OF BOARD 2.00 X 0 0 0 MR SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 MS CAROLYN CULLEN MEMBER OF BOARD 2.00 X 0 0 0 MR SANDEEP ALVA MEMBER OF BOARD 2.00 X 0 0 0 MR NEALE ATTENBOROUGH MEMBER OF BOARD 2.00 X 0 0 0 MR PETER KIMBALL MEMBER OF BOARD 2.00 X 0 0 0 MR ALEX MACCORMICK MEMBER OF BOARD 2.00 X 0 0 0 MS SUSIE HAYES MEMBER OF BOARD 2.00 X 0 0 0 MR BOB CUNHA TREASURER 3.00 X X 0 0 0 MS KATIE CRUMBO MEMBER OF BOARD 2.00 X 0 0 0 MR CHRIS DAVENPORT MEMBER OF BOARD 2.00 X 0 0 0 MR PAUL JOHN FERRI MEMBER OF BOARD 2.00 X 0 0 0 MR MATT STOREY MEMBER OF BOARD 2.00 X 0 0 0 MR BURGWELL HOWARD MEMBER OF BOARD 2.00 X 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 60.00 X 598749 0 119553 MR PETER HENDEL BUSINESS MANAGER 60.00 X 181084 0 30361 MS KATHLEEN KIME MAJOR GIFTS OFFICER 40.00 X 117210 0 11679 MR TOBI PFENNINGER ASSOC HEAD OF SCHOOL 40.00 X 116836 0 11162 MS MARGOT RILEY CHIEF OPERATING OFFICER 40.00 X 137347 0 21798 MR DAVID FLYNN DIR. OF ADMISSIONS 40.00 X 115011 0 31698 MR MARK STURGEON EXECUTIVE DIRECTOR OF ADVANCEMENT 40.00 X 164007 0 35789 1430244 0 262040 7 0 1 0 KNOWER ACADEMICS 85 MAIN STREET PLYMOUTH NH 03264 TUTORING 228261 1 16535 11710332 415430 11726867 TUITION AND FEES 900099 16662800 16662800 SCHOOL ACTIVITY REVENUE 900099 794257 794257 SUMMER PROGRAM REVENUE 900099 654858 654858 18111915 798401 798401 5006300 4512528 493772 493772 493772 0 16535 3857 -3857 -3857 31127098 18111915 0 1288316 X 3833006 3833006 558070 346608 211462 7564349 5197783 1158192 1208374 566196 399164 82486 84546 1473949 1039142 221279 213528 576254 403045 91547 81662 39467 39467 57802 57802 380183 380183 204084 38078 83003 83003 153777 62920 29191 61666 415512 386884 22601 6027 1647231 1533743 89596 23892 257074 105186 48799 103089 45134 8802 34107 2225 224089 207059 13445 3585 1806236 1668962 108374 28900 RESIDENTIAL SERVICES 548531 548531 ATHLETICS 407332 407332 SUPPLIES 331593 137254 63677 130662 FACULTY RELATED 234355 234355 599233 380170 219063 21923457 16938024 2735211 2250222 701 700 6762434 13662520 9882705 12180439 84071 93703 109016 118544 223763 233148 59119287 23415608 34860714 35703679 54249406 54576365 2505803 2668345 108678613 119237443 1033131 1279163 4540473 4902448 8302177 8125523 281431 80000 14157212 14387134 X 41581273 43118899 27585323 36119173 25354805 25612237 94521401 104850309 108678613 119237443 X 9203641 1015590 109677 X X 0 1 X 1 0 X 3470806 5937625 4336901 11456428 11726867 36928627 3470806 5937625 4336901 11456428 11726867 36928627 13382671 23545956 819950 873668 1009852 861945 798401 4363816 41292443 83486407 0.57020 0.64010 X 54684726 251810 1863341 973086 650323 253961 54922507 52151345 382637 3941292 936583 628262 225703 54684726 47275286 1140839 5592680 980418 648672 228370 52151345 47424440 3470974 -1706136 1022720 679450 211822 47275286 49381068 389276 -462153 1011119 687991 184641 47424440 0.22990 0.43110 0.33900 0 0 1446004 1446004 51217426 19384053 31833373 4946431 4031555 914876 1509426 1509426 35703679 DEFERRED COMPENSATION 80000 80000 X 28043033 1015590 113534 1129124 26913909 380183 3833006 4213189 31127098 17714125 3857 3857 17710268 380183 3833006 4213189 21923457 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF SPLIT-INTEREST AGREEMENTS 109,677. FUNDRAISING EXPENSES 3,857. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,833,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 3,857. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,833,006. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. AUCTION 10535 10535 3000 OTHER 6000 6000 857 16535 16535 3000 857 3857 -3857 1 FINANCIAL AID TO STUDENTS 109 0 3833006 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 598749 0 0 0 0 0 104602 0 14951 0 718302 0 281431 0 MR PETER HENDEL BUSINESS MANAGER 181084 0 0 0 0 0 15963 0 14398 0 211445 0 0 0 MS MARGOT RILEY CHIEF OPERATING OFFICER 137347 0 0 0 0 0 12425 0 9373 0 159145 0 0 0 MR MARK STURGEON EXECUTIVE DIRECTOR OF ADVANCEMENT 164007 0 0 0 0 0 15514 0 20275 0 199796 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 4500000 4500000 2015 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 ROBIN PECK WIFE OF R. PHILLIP PECK, HEAD OF SCHOOL 21700 EMPLOYMENT FOR THE ORGANIZATION'S TAX YEAR 0 ROBERT KINSLEY MEMBER OF THE BOARD 867235 LARGE CONSTRUCTION CONTRACT TOTALING $941,670 OVER THE COURSE OF THE PROJECT. 0 X 24 407379 FMV ON DONATION DATE X DISPLAY CASE 1 4801 X PRINTS 7 3250 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD (INCLUDING OFFICERS) AT THEIR OCTOBER BOARD MEETING, PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART IX, LINE 24E STUDENT RELATED: PROGRAM SERVICE EXPENSES 139,180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 139,180. GRC: PROGRAM SERVICE EXPENSES 137,351. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 137,351. INITIATIVES, SERVICES AND OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 119,662. TOTAL EXPENSES 119,662. BAD DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 99,401. TOTAL EXPENSES 99,401. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 55,710. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,710. COURSE RELATED: PROGRAM SERVICE EXPENSES 47,929. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,929. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 109,677. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.