2018-05-09T15:51:06-05:00 2017-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2016-07-01 042109865 NORTHFIELD MOUNT HERMON SCHOOL NORT 4134983000 ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 JOHN E ALDEN JR INTERIM CFO & TREASURER 4134983000 2018-05-08 1 LAURA J KENNEY P00202198 6172211944 2016 2022-09-23 18:48:47Z JOHN E ALDEN JR ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 79293209 0 X WWW.NMHSCHOOL.ORG X 1879 MA NORTHFIELD MOUNT HERMON PROVIDES SECONDARY SCHOOL EDUCATION, ENGAGING THE INTELLECT, COMPASSION, AND TALENTS OF OUR STUDENTS, EMPOWERING THEM TO ACT WITH HUMANITY AND PURPOSE. 25 24 658 200 368910 0 14826918 9556898 39104327 41338316 4661910 1681965 1118955 978905 59712110 53556084 7256577 7743176 0 0 26297318 27564066 26043 34334 3556627 27607256 19683467 61187194 55025043 -1475084 -1468959 258053065 269845981 110309289 103239526 147743776 166606455 X NORTHFIELD MOUNT HERMON PROVIDES SECONDARY SCHOOL EDUCATION, ENGAGING THE INTELLECT, COMPASSION, AND TALENTS OF OUR STUDENTS, EMPOWERING THEM TO ACT WITH HUMANITY AND PURPOSE. 0 0 31306762 7414276 39704369 NORTHFIELD MOUNT HERMON SCHOOL (NMH) GIVES YOUNG PEOPLE AN EXCEPTIONAL ACADEMIC EXPERIENCE TAUGHT BY EXPERT, CARING FACULTY. NMH IS A SECULAR COED BOARDING AND DAY SCHOOL FOR 651 STUDENTS IN GRADES NINE THROUGH TWELVE AND POST GRADUATE. OUR BEAUTIFUL WOODED CAMPUS BORDERS THE CONNECTICUT RIVER IN WESTERN MASSACHUSETTS' PIONEER VALLEY. HERE, WE CHALLENGE STUDENTS TO THINK CRITICALLY AND TO CHANNEL THEIR TALENTS TO DO GOOD IN THE WORLD, INSPIRING IN THEM A SENSE OF PURPOSE AT NMH, A CONSTELLATION OF ADULTS INTERACT WITH AND SUPPORT STUDENTS THROUGHOUT THE DAY. CLASSES ARE SMALL AND EXTENDED TO ALLOW STUDENTS TO EXPLORE EACH SUBJECT IN DEPTH. STUDENTS TAKE THREE MAJOR COURSES EACH SEMESTER FOR A TOTAL OF SIX CHALLENGING COLLEGE-PREPARATORY COURSES PER YEAR. THE SCHOOL OFFERS AN EXTENSIVE CHOICE OF SPORTS TEAMS, PERFORMING ARTS GROUPS, CLUBS AND STUDY-ABROAD OPTIONS. MORE THAN 200 STUDENTS VOLUNTEER EACH SEMESTER IN OUTREACH ACTIVITIES. STUDENTS HELP RUN OUR WORKING FARM, WHICH HAS BEEN IN OPERATION SINCE THE SCHOOL'S FOUNDING IN 1879. 1270948 328900 2223975 NORTHFIELD MOUNT HERMON SCHOOL (NMH) SUMMER SESSION OFFERS PROGRAMS FOR STUDENTS WISHING TO ENRICH, SUPPLEMENT, OR ACCELERATE THEIR SCHOOL-YEAR EDUCATION. WE HAVE AN EXTENSIVE, COMPREHENSIVE PROGRAM THAT HAS EXISTED IN VARIOUS FORMS FOR MORE THAN 100 YEARS. EACH SUMMER, WE GATHER AS A COMMUNITY TO ENGAGE IN ACADEMIC WORK AND TO LEARN FROM EACH OTHER IN MANY DIFFERENT WAYS. OUR STUDENT POPULATION IS DIVERSE AND WORLDLY -- IN THE SUMMER OF 2016, 30 DIFFERENT COUNTRIES AND 17 STATES WITHIN THE U.S. WERE REPRESENTED. OUR TALENTED FACULTY IS ASSISTED BY 35 TEACHING INTERNS TO PROVIDE AN OUTSTANDING EXPERIENCE FOR OUR STUDENTS. OUR GOAL, THROUGH ALL ASPECTS OF OUR COMPREHENSIVE PROGRAM, IS TO PROVIDE A VALUABLE, LIFE-CHANGING EXPERIENCE FOR EACH STUDENT WHO JOINS US. FOR MANY STUDENTS, NMH SUMMER SESSION PROVIDES THEIR FIRST TASTE OF A RIGOROUS ACADEMIC EXPERIENCE AND CHALLENGES THEM TO A NEW LEVEL. OTHER STUDENTS COME FROM STRONG SCHOOLS AND USE THEIR SUMMER HERE AS AN OPPORTUNITY TO FURTHER BUILD ACADEMIC SKILLS, ADVANCE IN THEIR COURSEWORK AND PREPARE FOR COLLEGE. 32577710 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 188 0 1 658 1 1 1 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOHN E ALDEN JR INTERIM CFO & TREASURER 4134983667 ONE LAMPLIGHTER WAY MOUNT HERMON MA 01354 ALEX LEVY TRUSTEE 3.00 X 0 0 0 ALEXANDER LOTOCKI DE-VELIGOST TRUSTEE 3.00 X 0 0 0 CAROLINE N NIEDERMAN ALUMNI COUNCIL PRESIDENT 3.00 X 0 0 0 DAVID STEINBERG TRUSTEE 3.00 X 0 0 0 DONALD G GLASCOFF TRUSTEE 3.00 X 0 0 0 E MICHAEL FUNG TRUSTEE 3.00 X 0 0 0 JANET TURNBULL IRVING TRUSTEE (UNTIL 5/17) 3.00 X 0 0 0 JAY KAPLAN TRUSTEE 3.00 X 0 0 0 JOSEPHINE HART VICE CHAIR (UNTIL 5/17) 3.00 X X 0 0 0 JUAN GARCIA VICE CHAIR 3.00 X X 0 0 0 JUSTIN WAI TRUSTEE 3.00 X 0 0 0 LAUREN N HOKIN TRUSTEE 3.00 X 0 0 0 MARGARET CLARK VICE CHAIR 3.00 X X 0 0 0 MARIAH CALAGIONE TRUSTEE 3.00 X 0 0 0 MARK R WETZEL TRUSTEE (UNTIL 5/17) 3.00 X 0 0 0 MATTHEW GLASS TRUSTEE 3.00 X 0 0 0 MAURICE L COLEMAN TRUSTEE 3.00 X 0 0 0 PETER F GUILD TRUSTEE 3.00 X 0 0 0 PETER FAYROIAN HEAD OF SCHOOL 50.00 X X 383080 0 98448 PETER J MACDONALD TRUSTEE 3.00 X 0 0 0 ROBERTA TAGGART TRUSTEE 3.00 X 0 0 0 RYAN R VINEYARD TRUSTEE 3.00 X 0 0 0 SHANNON WEINBERGER TRUSTEE 3.00 X 0 0 0 STEPHEN FULLER CHAIR 3.00 X X 0 0 0 STEPHEN W GAUSTER TRUSTEE 3.00 X 0 0 0 SUMITA AMBASTA TRUSTEE 3.00 X 0 0 0 TIFFANI R BROWN TRUSTEE 3.00 X 0 0 0 WARREN R WEBSTER III TRUSTEE 3.00 X 0 0 0 DEANNA FLETCHER SECRETARY 40.00 X 54223 0 4360 RICHARD T WOOD TREASURER 50.00 X 212373 0 59870 ALLYSON GOODWIN CHIEF ADVANCEMENT OFFICER 50.00 X 194375 0 57030 CLAUDE ANDERSON DEAN OF ENROLLMENT 50.00 X 155553 0 42688 RICHARD COUTURE DIRECTOR OF PLANT FACILITIES 50.00 X 155729 0 25439 HUGH SILBAUGH DEAN OF FACULTY 50.00 X 140773 0 33033 JESSICA BIGGIE DIRECTOR OF MEDICINE 50.00 X 210961 0 45464 LYNNE RAYMER DIRECTOR OF FINANCIAL OPERATIONS 50.00 X 141371 0 15318 MARGARET SLICHTER DIRECTOR OF ADVANCEMENT 50.00 X 115817 0 34313 STEPHEN PORTER DIRECTOR OF COMMUNICATIONS 50.00 X 111163 0 30886 1875418 0 446849 10 0 1 0 BREADLOAF 1293 RT 7 SOUTH MIDDLEBURY VT 05753 CONTRACTOR 2077952 ARCHITERRA INC 68 LONG WHARF BOSTON MA 02110 ARCHITECT 1895564 MITCHELL DAMON 5 MAIN STREET NORTHFIELD MA 01360 CONTRACTOR 913302 RENAISSANCE BUILDERS PO BOX 272 TURNERS FALLS MA 01376 CONTRACTOR 798165 ARCHITECTURAL RESOURCES CAMBRIDGE 501 BOYLSTON ST SUITE 4101 BOSTON MA 02116 ARCHITECT 739073 16 374772 9182126 1078934 9556898 TUITION AND FEES, SCHOOL YEAR 611110 38498560 38498560 TUITION AND FEES, SUMMER 611110 2223975 2223975 SUMMER CAMP AND CONFERENCES 611710 332299 332299 NURSERY SCHOOL 900099 251174 251174 OTHER PROGRAM SERVICE REVENUE 900099 20233 20233 12075 12075 41338316 1544280 -5139 1549419 50166 0 50166 50166 50166 25845439 25705414 2340 140025 -2340 137685 19069 118616 121898 29371 92527 92527 MISCELLANEOUS 900099 612709 590028 22681 TRUST INCOME 900099 223503 223503 836212 53556084 41596045 368910 2034231 7743176 7743176 1402273 1152774 249499 18439738 10649182 5876895 1913661 1457155 789486 510050 157619 4804392 2704238 1597340 502814 1460508 791303 511223 157982 248944 243031 5913 91841 91841 34334 34334 529959 529959 345111 110876 185726 48509 42697 10267 30836 1594 1798067 284588 1238759 274720 416126 416126 1776742 1571842 197894 7006 545854 545854 260264 260264 2530787 2530787 5888449 5209371 655857 23221 434124 434124 PROVISIONS - FOOD/FLOWE 1743633 1560405 7259 175969 PLANT MAINTENANCE 1261696 1261696 STUDENT TRANSPORTATION 520295 520295 FIELD TRIPS/STUDENT ACT 516659 516659 732219 116022 612411 3786 55025043 32577710 18890706 3556627 19910046 13389018 9934017 8541649 3994636 3671134 394570 223140 322361 308427 734104 899668 154526306 71666434 81920067 82859872 71794915 87550207 69048349 72402866 258053065 269845981 2461705 973078 10303602 11500088 66818291 66170206 159083 173739 30566608 24422415 110309289 103239526 X 45501228 57439727 25549090 29255703 76693458 79911025 147743776 166606455 258053065 269845981 X -1468959 14299359 6032279 X 0 1 X 1 0 X 18139770 9659462 12772927 14826918 9556898 64955975 18139770 9659462 12772927 14826918 9556898 64955975 13704680 51251295 2256171 2412778 2350484 1922788 1594446 10536667 75492642 190054076 0.67890 0.69140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 159083 257888 243233 173738 1 X 130960914 4237864 14111995 6245944 143064829 138846465 3517790 -4935038 6468303 130960914 138564002 3256882 2734581 1941090 3767910 138846465 123738715 2742748 17630539 1895920 3652080 138564002 117709532 812705 10641478 1816326 3608674 123738715 0.39930 0.49380 0.10690 0 0 61019 61019 128101896 52202539 75899357 21234762 17319466 3915296 5128629 2144429 2984200 82859872 TIMBER 2827008 F HEDGE FUNDS 52928078 F PRIVATE EQUITY 1952858 F INTERNATIONAL 10385591 F VENTURE CAPITAL 3002418 F INVESTMENT IN ENWC 1306913 F 72402866 SWAP AGREEMENTS LIABILITY 14094620 OBLIGATION UNDER SPLIT INTEREST AGREEMENTS 2013120 ASSET RETIREMENT OBLIGATION 8314675 24422415 64401878 14299359 4361388 18660747 45741131 415576 7399376 7814952 53556083 45539198 29371 29371 45509827 415576 9099640 9515216 55025043 PART IV, LINE 2B: NORTHFIELD MOUNT HERMON SCHOOL MAINTAINS AGENCY ACCOUNTS AND ACTS AS A FISCAL AGENT FOR THE FUNDS. PART V, LINE 4: NORTHFIELD MOUNT HERMON SCHOOL'S ENDOWED FUNDS ARE INVESTED INTO PERPETUITY AND THE INCOME IS USED TO FUND ITS PROGRAMS. THE FUNDS ARE INVESTED FOR LONG TERM GROWTH SO THAT CURRENT AND FUTURE GENERATIONS OF STUDENTS WILL RECEIVE BENEFIT FROM THE FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED LOSS ON SWAP AGREEMENTS -1,700,264. CHANGE IN VALUE OF SWAP AGREEMENTS 6,032,281. COST OF GOODS SOLD 29,371. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,399,376. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 29,371. ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,399,376. REALIZED LOSS ON SWAP AGREEMENTS 1,700,264. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATION POLICY PUBLICIZED IN NEWSPAPERS AS A LISTED MEMBER OF THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE). SCHEDULE E, PART I, LINE 6 UPWARD BOUND PROGRAM $374,772, FEDERAL GRANT NUMBER E-PO 47AS20398 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 13611052 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 3 RECRUITMENT 7566 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 2 PROFESSIONAL DEVELOPMENT 3000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 3 FUNDRAISING 95962 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 3 RECRUITMENT 37706 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 5 PROGRAM SERVICES TRAVEL ENRICHMENT PROGRAM 116106 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 4649 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 RECRUITMENT 39920 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 4 PROFESSIONAL DEVELOPMENT 5842 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 2 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 16182 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 1 RECRUITMENT 18242 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 2 RECRUITMENT 6787 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 FUNDRAISING 671 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 PROFESSIONAL DEVELOPMENT 1273 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 1 RECRUITMENT 8312 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 1 PROFESSIONAL DEVELOPMENT 1731 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 3 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 96376 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 2 PROFESSIONAL DEVELOPMENT 5224 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 2 PROGRAM SERVICE TRAVEL ENRICHMENT PROGRAM 42756 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 2 PROGRAM SERVICES TRAVEL ENRICHMENT PROGRAM 39658 0 20 0 22 0 42 13915961 243054 14159015 1 0 1 1 0 0 X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING 0 0 34334 0 34334 MA 1 SCHOLARSHIPS 290 7743176 COST TUITION OFFSET PART I, LINE 2: IN ORDER TO OBJECTIVELY ESTABLISH FINANCIAL NEED, NORTHFIELD MOUNT HERMON SCHOOL (NMH) SUBSCRIBES TO THE SERVICES OF THE SCHOOL SCHOLARSHIP SERVICE (SSS) WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON INFORMATION MADE AVAILABLE BY FAMILIES IN A CONFIDENTIAL STATEMENT KNOWN AS THE PFS -- PARENT FINANCIAL STATEMENT. BY APPLYING OBJECTIVE CRITERIA IN A SPECIFIC FORMULA, SSS IS ABLE TO HELP ESTABLISH A FAMILY'S ABILITY TO PAY THE EXPECTED PARENTAL CONTRIBUTION, WHICH IS THEN ADJUSTED FOR THE NUMBER OF OTHER FAMILY MEMBERS IN TUITION CHARGING INSTITUTIONS AND FOR DAY VERSUS BOARDING SITUATIONS. ONCE FINANCIAL NEED HAS BEEN ESTABLISHED, NMH WILL MAKE A FINANCIAL AID AWARD WHICH COMES AS CLOSE AS POSSIBLE TO MEETING THE INDICATED NEED. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 PETER FAYROIAN HEAD OF SCHOOL 347523 0 35000 0 557 0 27017 0 71431 0 481528 0 0 0 RICHARD T WOOD TREASURER 211100 0 0 0 1273 0 20612 0 39258 0 272243 0 0 0 ALLYSON GOODWIN CHIEF ADVANCEMENT OFFICER 188959 0 5000 0 416 0 20317 0 36713 0 251405 0 0 0 CLAUDE ANDERSON DEAN OF ENROLLMENT 154971 0 0 0 582 0 15456 0 27232 0 198241 0 0 0 RICHARD COUTURE DIRECTOR OF PLANT FACILITIES 154885 0 0 0 844 0 15103 0 10336 0 181168 0 0 0 HUGH SILBAUGH DEAN OF FACULTY 140254 0 0 0 519 0 14108 0 18925 0 173806 0 0 0 JESSICA BIGGIE DIRECTOR OF MEDICINE 210754 0 0 0 207 0 12505 0 32959 0 256425 0 0 0 LYNNE RAYMER DIRECTOR OF FINANCIAL OPERATIONS 141271 0 0 0 100 0 13595 0 1723 0 156689 0 0 0 MARGARET SLICHTER DIRECTOR OF ADVANCEMENT 115606 0 0 0 211 0 11799 0 22514 0 150130 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED FOR OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER AND IS NOT INCLUDED IN TAXABLE WAGES. NON-TAXABLE BENEFITS (REPORTED IN SCHEDULE J, PART II, COLUMN D) FOR THE FOLLOWING INDIVIDUALS INCLUDES HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER: PETER FAYROIAN, $44,006; RICHARD T. WOOD, $24,318; ALLYSON GOODWIN, $14,562; JESSICA BIGGIE, $10,466; CLAUDE ANDERSON, $17,974. COMPANION TRAVEL FOR THE HEAD OF SCHOOL IS NOT TREATED AS TAXABLE INCOME. PART I, LINE 4A JESSICA BIGGIE - $13,030 RELEASE OF CONTRACT PART I, LINE 7 DISCRETIONARY BONUSES ARE APPROVED BY THE BOARD OF TRUSTEES. A MDFA 2014 BONDS 043431814 2014-03-26 68635000 REFUND OF 2007 BONDS 0 0 0 A 1895000 68635000 645000 67990000 2014 1 0 1 1 A 0 0 0 0 0.01830 0.01830 0 0 1 A 0 1 0 0 1 1 BANK OF NY MORG STANLEY - TERMS 8.250000000000 0 0 0 0 1 A 1 PART IV, LINE 4B AND 4C: 2014 SERIES BONDS HEDGE PROVIDER: BANK OF NEW YORK REMAINING TERM: 7.25 HEDGE PROVIDER: MORGAN STANLEY REMAINING TERM: 17.25 HEDGE PROVIDER: MORGAN STANLEY REMAINING TERM: 25.25 PART II, LINE 11: OTHER SPENT PROCEEDS - REFUND OF PRIOR ISSUE X 79 1078934 MARKET VALUE 0 1 0 PART I, COLUMN (B): REPORTED THE NUMBER OF DONATIONS OF PUBLICLY TRADED STOCK FORM 990, PART VI, SECTION B, LINE 11B ONCE NORTHFIELD MOUNT HERMON SCHOOL (NMH)'S FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY NMH'S INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, NMH'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS PRESENT THE FORM 990 (EXCLUDING SCHEDULE B) TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE HEAD OF SCHOOL REVIEWS SCHEDULE B WITH THE CHAIR OF THE BOARD OF TRUSTEES. THE COMPLETED FORM 990 (EXCLUDING SCHEDULE B) IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NORTHFIELD MOUNT HERMON SCHOOL (NMH) MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. ANNUALLY, OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, EACH OFFICER, KEY EMPLOYEE, AND BOARD MEMBER ACKNOWLEDGES WITH SIGNATURE THAT NO CONFLICT OF INTEREST EXISTS, OR PROVIDES DISCLOSURE OF A CONFLICT. THE FORMS ARE RETURNED TO THE CFO AND TREASURER. IF A CONFLICT EXISTS, THAT MEMBER MAY NOT BE PRESENT FOR DELIBERATIONS OR PARTICIPATE IN DECISIONS FOR A TRANSACTION INVOLVING A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 NORTHFIELD MOUNT HERMON SCHOOL (NMH) HAS AN INDEPENDENT COMPENSATION AND BENEFITS COMMITTEE THAT REVIEWS ANNUALLY THE PERFORMANCE OF THE HEAD OF SCHOOL AND THE SENIOR STAFF BASED ON FEEDBACK SHARED FROM ALL INDEPENDENT TRUSTEES. DURING ITS REVIEW OF THAT FEEDBACK AND CONSIDERING AVAILABLE ANALYTICAL MARKET DATA, THE COMMITTEE SETS THE COMPENSATION OF THE HEAD OF SCHOOL FOR THE UPCOMING YEAR. AT THE FALL MEETING OF THE FULL BOARD, THE COMMITTEE GIVES AN ORAL REPORT OF ITS FINDINGS AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE. THE HEAD IS RESPONSIBLE FOR SETTING THE COMPENSATION FOR THE SENIOR STAFF BASED ON COMPARABLE MARKET DATA. THE COMPENSATION DELIBERATION AND DECISION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NORTHFIELD MOUNT HERMON SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENTS 6,032,281. ROUNDING -2. EAST NORTHFIELD WATER COMPANY 206 MAIN STREET NORTHFIELD MA 01360 041269905 WATER COMPANY MA NMH C 210870 934155 1.00000 1 CHARITABLE REMAINDER TRUST (1) SUPPORT NY NMH 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 EAST NORTHFIELD WATER COMPANY O 31244 FMV EAST NORTHFIELD WATER COMPANY A 22681 FMV EAST NORTHFIELD WATER COMPANY R FMV