2018-05-09T08:31:58-05:00 2017-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2016-07-01 042103632 TABOR ACADEMY TABO 5087482000 66 SPRING STREET MARION MA 02738 JOHN H QUIRK HEAD OF SCHOOL 5087482000 2018-05-08 1 LAURA J KENNEY P00202198 6172211944 2018-05-03 64.251.63.131 2018-05-08 17:18:03 ED P 7B14BF2BF8F8AC217E314A41F868DB69370B8F6F DF8EC6EC51E1FD1DECD3FD9B85C405DAF374F076 2016 2021-01-29 14:40:06Z JOHN H QUIRK 66 SPRING STREET MARION MA 02738 36752036 0 X WWW.TABORACADEMY.ORG X 1876 MA A COEDUCATIONAL COLLEGE PREPATORY FOR STUDENTS. BOARDING AND DAY SCHOOL THAT PROVIDES DISTINCTIVE OPPORTUNITIES FOR STUDENTS. 22 22 277 23 1471 -19963 3691745 3605917 28095976 29086333 1345060 1767294 0 0 33132781 34459544 7039355 7437280 0 0 15579972 17165420 0 0 1893077 12423065 16937180 35042392 41539880 -1909611 -7080336 105448341 112636338 23810673 33103853 81637668 79532485 TABOR ACADEMY FOCUSES ITS ACADEMIC PROGRAMS TO INSPIRE A LIFE-LONG LOVE OF LEARNING, TO INSTILL A PASSION FOR THE HIGHEST STANDARDS OF ACHIEVEMENT, TO ENCOURAGE PERSONAL RESPONSIBILITY, AND TO FOSTER CARE FOR OTHERS AND COMMITTED CITIZENSHIP. 0 0 30566510 7437280 28588623 TABOR ACADEMY EDUCATES APPROXIMATELY 500 STUDENTS. AS THE "SCHOOLBY THE SEA," TABOR SUSTAINS A UNIQUE MARITIME HERITAGE THATEMBODIES, IN ALL ITS PROGRAMS, THE QUALITIES A SEAGOING LIFEREQUIRES: THOUGHTFUL PREPARATION FOR, AND AWARENESS OF THE WIDERWORLD, PERSEVERANCE, COURAGE, GOOD HUMOR, A SENSE OF DIRECTION,AND HUMILITY. TABOR'S FACULTY COMMIT THEMSELVES TO BALANCING HIGHDEMANDS WITH GENUINE AFFECTION FOR THEIR STUDENTS AND TO FOSTERINGRELATIONSHIPS FOUNDED ON THE COMPASSION, PERSONAL INTEGRITY, ANDTRUST THAT ANCHOR TABOR'S COMMUNITY. 231271 497710 TABOR ACADEMY PROVIDES ACCOMODATIONS AND AUXILIARY SERVICES FORBOARDING STUDENTS AS A PART OF THEIR EDUCATION. THESE SERVICES AREPROVIDED AT A NOMINAL FEE IN ORDER TO COVER COSTS. SUCH SERVICESRANGE FROM THE PROVISION OF UTILITIES TO RECREATIONAL ACTIVITIES. 30797781 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 109 0 1 277 1 1 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JOHN H QUIRK 5087482000 66 SPRING STREET MARION MA 02738 CLEMENT C BENENSON TRUSTEE 1.00 X 0 0 0 STEPHEN DANIEL TRUSTEE 1.00 X 0 0 0 JOANNE FALLON TRUSTEE 1.00 X 0 0 0 ANTHONY G FEATHERSTONE IV TRUSTEE 1.00 X 0 0 0 PETER T FRANCIS TRUSTEE 1.00 X 0 0 0 KRISTIANE C GRAHAM TRUSTEE 1.00 X 0 0 0 ANGUS H LEARY TRUSTEE 1.00 X 0 0 0 KENZO MATSUMURA TRUSTEE 1.00 X 0 0 0 JENNIFER C NOERING MCINTIRE TRUSTEE 1.00 X 0 0 0 TRAVIS ROY TRUSTEE 1.00 X 0 0 0 GARRARD K SCHAEFER TRUSTEE 1.00 X 0 0 0 REGINA SHAKIN TRUSTEE 1.00 X 0 0 0 JACK B SMITH JR TRUSTEE 1.00 X 0 0 0 PHILLIPS G SMITH TRUSTEE 1.00 X 0 0 0 JAMES A TOMLINSON TRUSTEE 1.00 X 0 0 0 SUMNER J WARING TRUSTEE 1.00 X 0 0 0 LOUIS S WOLFE TRUSTEE 1.00 X 0 0 0 GEOFFREY H WORRELL TRUSTEE 1.00 X 0 0 0 CARMINE A MARTIGNETTI TRUSTEE/CHAIRMAN 2.00 X X 0 0 0 PAUL J MURPHY TRUSTEE/VICE-CHAIR 2.00 X X 0 0 0 DAVID A BARRETT TRUSTEE/TREASURER 2.00 X X 0 0 0 ELIZABETH WELSH EYLER TRUSTEE/SECRETARY 2.00 X X 0 0 0 JOHN H QUIRK HEAD OF SCHOOL 40.00 X 267609 0 130637 CHRISTOPHER J WINSLOW CFO 40.00 X 192783 0 55696 JULIE SALIT ASSOCIATE HEAD OF SCHOOL 40.00 X 109559 0 53670 MICHAEL DOCURRAL FACILITIES DIRECTOR 40.00 X 111118 0 30557 MARK AIMONE DIRECTOR OF ADVANCEMENT 40.00 X 134314 0 76001 ANDREW L MCCAIN DIRECTOR OF ADMISSIONS 40.00 X 111561 0 102186 TIMOTHY FREY MANAGER OF IT 40.00 X 107187 0 34866 1034131 0 483613 7 0 1 0 SJ SERVICES 235 NEWBURY ST DANVERS MA 01923 JANITORIAL SERVICES 254924 ROPES & GRAY 800 BOYLSTON ST BOSTON MA 02199 LEGAL SERVICES 241160 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 MGMT CONSULTING 179983 KRISTIN FOGDALL STUDIO 285 JERSEY WAY MORRISVILLE VT 05661 BUS DEV CONSULTING 158925 FAIRHAVEN SHIPYARD INC 50 FORT STREET FAIRHAVEN MA 02719 REPAIRS/MAINTENANCE/STORAGE 151390 8 3605917 783714 3605917 TUITION 611710 26928565 26928565 STUDENT AND SUMMER PROGRAMS 611710 1660058 1660058 AUXILIARY ACTIVITIES 611710 497710 497710 29086333 879233 1036 878197 3168053 12500 2292492 0 875561 12500 888061 435 887626 34459544 29086333 1471 1765823 7437280 7437280 568302 330543 237759 118880 118880 11932837 9352930 1663099 916808 1741679 1379538 225662 136479 1895553 1500034 247498 148021 908169 747919 97228 63022 896153 896153 161867 161867 617161 617161 1617415 1254454 158517 204444 104308 27799 76509 630591 320775 180580 129236 407062 346910 60152 2792880 2792880 207876 77879 60347 69650 146446 140634 170 5642 552963 552963 2300224 1894341 246260 159623 243638 243638 LEGAL SETTLEMENT 2265000 2265000 INSTRUCTION 1138040 1138040 STUDENT SUPPORT 847415 847415 ADMINISTRATIVE 571701 571701 1436440 1436440 41539880 30797781 8849022 1893077 4060407 7565574 2794429 2728881 3713827 2663833 153080 495849 375818 156205 805993 592768 77457640 37071070 38521874 40386570 21699221 22286428 14434791 16609015 18888901 19151215 105448341 112636338 196171 2537395 8890000 13345039 358733 1285450 14365769 15935969 23810673 33103853 X 22786369 18431060 40574650 42169135 18276649 18932290 81637668 79532485 105448341 112636338 X -7080336 3814505 1160648 X 0 1 X 1 0 X 4457404 10433493 3209628 3691745 3605917 25398187 4457404 10433493 3209628 3691745 3605917 25398187 1324865 24073322 285580 320919 622821 867390 879233 2975943 28374130 136967851 0.84840 0.86190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42992118 438587 5178066 205799 1592000 46810972 42831138 1153892 -947845 45067 42992118 41100435 2442548 778155 660979 612317 216704 42831138 36506097 758254 5503587 647998 841652 177853 41100435 28051916 408131 3953206 497475 751099 144321 31020358 0.16790 0.40440 0.42770 0 0 786259 786259 61135025 29324115 31810910 3489127 1576839 1912288 9343730 6170116 3173614 2703499 2703499 40386570 INVESTMENT IN PARTNERSHIPS 16609015 F 16609015 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 18892928 STOCK IN TRANSIT 132205 TRUST INCOME RECEIVABLE 91560 LOANS TO EMPLOYEES 5328 OTHER RECEIVABLES 29194 19151215 ADVANCED TUITION AND DEPOSIT 9518443 INTEREST RATE SWAP AGREEMENT 1725567 ACCRUED PENSION LIABILITIES 1458768 ANNUITIES PAYABLE 741878 ACCRUED LITIGATION EXPENSES 2491313 15935969 31477482 3814505 1160648 4975153 26502329 519935 7437280 7957215 34459544 33582665 0 33582665 519935 7437280 7957215 41539880 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 465,273. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 815,381. PENSION RELATED COSTS -120,006. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,437,280. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,437,280. SCHEDULE D, PART V, LINE 4 ENDOWMENT SERVES TO SUPPORT SCHOLARSHIPS, FACULTY, ACADEMIC AND EXTRACURRICULAR PROGRAMS, AND GENERAL ADMINISTRATION OF THE SCHOOL. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 PART I, LINE 3 TABOR IS FOUNDED ON THE BELIEF THAT A HEALTHY SCHOOL COMMUNITY FINDS COMMON GROUND WHILE EMBRACING DIFFERENCES AND, THEREFORE, ACCEPTS A RACIALLY, ETHNICALLY, RELIGIOUSLY, ECONOMICALLY, AND INTERNATIONALLY DIVERSE STUDENT BODY. TO CULTIVATE AND SUSTAIN A MORE DIVERSE AND INCLUSIVE COMMUNITY, TABOR ACADEMY RECOGNIZES THAT OUR SUCCESS AS A 21ST CENTURY SCHOOL IS EMBEDDED IN A GENUINE UNDERSTANDING OF HOW THE COMPONENTS OF DIVERSITY REFLECT THE CORE VALUES OF OUR MISSION, WHICH IS ROOTED IN COMPASSION, RESPECT, TRUST, HONESTY, AND PERSONAL RESPONSIBILITY. DIVERSITY AT TABOR ENCOMPASSES RACE, ETHNICITY, GENDER, SOCIO-ECONOMIC STATUS, RELIGION, INTELLECTUAL AND PHYSICAL ABILITY, GENDER EXPRESSION, SEXUAL ORIENTATION, AGE, FAMILY STRUCTURE, LANGUAGE AND GEOGRAPHIC PLACE OF ORIGIN. WE RECOGNIZE THAT THE ESTABLISHMENT OF POLICIES, PRACTICES, AND PROGRAMS THAT SUPPORT THE INTERCONNECTEDNESS OF THESE CULTURAL IDENTIFIERS AND FURTHER DEVELOP THE CULTURAL COMPETENCY OF OUR COMMUNITY'S MEMBERS WILL ALLOW FOR TRUE DIALOGUE AND COLLABORATION WITHIN OUR SCHOOL AND WITH LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. TO THAT END, WE COMMIT OURSELVES TO BEING A COMMUNITY IN WHICH ALL MEMBERS HAVE VOICE, ARE GIVEN RESPECT, AND SEE THEIR IDENTITIES REFLECTED AND AFFIRMED IN THE CURRICULUM, CO-CURRICULUM AND PHYSICAL AND VIRTUAL ENVIRONMENTS OF THE SCHOOL. TABOR ACADEMY PROMULGATES EACH YEAR, ITS NONDISCRIMINATORY POLICIES THROUGH SEVERAL ADS IN LOCAL AND REGIONAL NEWSPAPERS DURING THE PERIOD OF SOLICITATION OF STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 210000 0 0 0 0 0 0 210000 0 210000 0 0 0 0 1 0 1 FINANCIAL AID 198 7437280 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS AWARDED BY DEMONSTRATED NEED IN THE FORM OF TUITION REMISSION, AND THEY CAN ONLY BE USED TO REDUCE THE AMOUNT OF THE TUITION OWED BY A GIVEN FAMILY FOR AN ACADEMIC YEAR. NEED IS DETERMINED BY ANALYZING TAX FORMS AND/OR OTHER INFORMATION FROM SCHOOL SCHOLARSHIP SERVICE, PRINCETON, NJ. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN H QUIRK HEAD OF SCHOOL 267609 0 0 0 0 0 30374 0 100263 0 398246 0 0 0 CHRISTOPHER J WINSLOW CFO 192783 0 0 0 0 0 14150 0 41546 0 248479 0 0 0 JULIE SALIT ASSOCIATE HEAD OF SCHOOL 109559 0 0 0 0 0 8910 0 44760 0 163229 0 0 0 MARK AIMONE DIRECTOR OF ADVANCEMENT 134314 0 0 0 0 0 11408 0 64593 0 210315 0 0 0 ANDREW L MCCAIN DIRECTOR OF ADMISSIONS 111561 0 0 0 0 0 13593 0 88593 0 213747 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL INTERNATIONAL AIR TRAVEL - THE HEAD OF SCHOOL (HOS) AND DIRECTOR OF ADVANCEMENT MAY TRAVEL VIA FIRST CLASS ON OVERSEAS TRIPS (MORE THAN 7 HOURS) BUT ONLY IF TRAVEL REWARD PROGRAMS CAN BE USED THEREFORE LOWERING COST. TRAVEL BY TRAIN - THE HOS AND DIRECTOR OF ADVANCEMENT ON OCCASION USE AMTRAK FIRST CLASS TRAVEL TO NYC FOR BOARD AND ADVANCEMENT MEETINGS. USE OF TRAIN FIRST CLASS SIGNIFICANTLY IMPROVES WORK PRODUCTIVITY AND THE COST DIFFERENCE IS MINIMAL. THESE ARE NOT CONSIDERED TAXABLE TO THE HEAD OF SCHOOL AND DIRECTOR OF ADVANCEMENT. TRAVEL FOR COMPANIONS - ON A LIMITED BASIS, THE HEAD OF SCHOOL'S SPOUSE ACCOMPANIES HIM AT SCHOOL RELATED EVENTS AS A REPRESENTATIVE OF THE ACADEMY. THIS BENEFIT IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. HOUSING AND PERSONAL SERVICES CONSISTENT WITH THE ACADEMY'S UNIQUE BOARDING SCHOOL ENVIRONMENT, THE ACADEMY PROVIDES A RESIDENCE FOR PERSONAL USE FOR MULTIPLE PERSONNEL. PURSUANT TO HIS EMPLOYMENT CONTRACT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS TO SERVE HIS DUTIES AND RESPONSIBILITIES TO THE ACADEMY, INCLUDING ENTERTAINING STUDENTS, FACULTY, AND OTHER CONSTITUENTS, AND TO PROVIDE GUIDANCE AND A SAFE, WELCOMING LEARNING ENVIRONMENT FOR STUDENTS. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE ACADEMY AND IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. IN ADDITION, THE ACADEMY PROVIDES HOUSING FOR THE CFO, DIRECTOR OF ADVANCEMENT, ASSISTANT HEAD OF SCHOOL AND DIRECTOR OF ADMISSIONS AND THE BENEFIT IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. THE ACADEMY IS RESPONSIBLE FOR MAINTAINING THE RESIDENCE FOR THE HEAD OF SCHOOL. THIS MAINTENANCE IS PROVIDED FOR THE BENEFIT OF THE ACADEMY AND IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. SOCIAL CLUB DUES THE ACADEMY PROVIDES THE HEAD OF SCHOOL WITH A LIMITED MEMBERSHIP TO THE BEVERLY YACHT CLUB AND LOCAL GOLF CLUB. BOTH MEMBERSHIPS ARE TO SERVE THE ACADEMY'S BUSINESS AND ACADEMIC PURPOSES AND IS NOT CONSIDERED TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. PART I, LINE 4 JOHN H. QUIRK, HEAD OF SCHOOL, HAS AN EMPLOYMENT AGREEMENT THAT PROVIDES SEVERANCE BASED ON ANNUAL COMPENSATION, PROVIDED ONLY IN THE EVENT OF INVOLUNTARY TERMINATION. NO PAYMENTS WERE MADE DURING CALENDAR YEAR ENDED DECEMBER 31, 2016, OR FISCAL YEAR ENDED JUNE 30, 2017 UNDER THE TERMS OF THIS AGREEMENT. PART I, LINE 2 THE ACADEMY REIMBURSES ALL EMPLOYEES, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES, FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE ACADEMY. ALL EXPENSES WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO REIMBURSEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RJN6 2009-09-01 13715000 REFUNDING 2007 SERIES 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-07-28 5000000 RENOVATIONS AROUND CAMPUS 0 0 0 A 5095000 13715000 13715000 2004 1 0 1 1 B 5000000 1693854 3306146 2017 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 4 71345 FMV AND APPRAISALS X 48 712369 FMV ON DATE OF GIFT 3 1 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF ITEMS RECEIVED. PART I, LINE 32B: TABOR ACADEMY IS REQUIRED TO HOLD CERTAIN CONTRIBUTIONS FOR 3 YEARS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FORM 990 BEING FILED WITH THE IRS, THE MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH A HARDCOPY AND ELECTRONIC COPY OF THE FORM 990 ACCOMPANIED BY A LETTER CO-SIGNED BY THE AUDIT COMMITTEE CHAIRPERSON AND ACADEMY'S MANAGMENT CERTIFYING THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE, ON AN ANNUAL BASIS, A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE CHIEF FINANCIAL OFFICER AS PART OF THE AUDIT COMMITTEE REPORT. THE QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE BOARD AND THE CHIEF FINANCIAL OFFICER, AS APPROPRIATE. IN THE EVENT THAT A BOARD MEMBER DOES DISCLOSE A CONFLICT, THAT PERSON IS RECUSED FROM DISCUSSIONS AND DOES NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL WAS DETERMINED PRIOR TO VALIDATING HIS EMPLOYMENT CONTRACT. AT THAT TIME, THE BOARD OF TRUSTEES UTILIZED DATA GATHERED BY THE ASSOCIATION OF BUSINESS OFFICERS OF PRIVATE SCHOOLS (ABOPS) TO IDENTIFY COMPARATIVE COMPENSATION BASED ON OFFICERS IN SIMILAR ROLES AT PEER INSTITUTIONS. THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT DELINEATES A FIXED SALARY INCREASE FOR A THREE YEAR PERIOD, WHICH WAS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD PRIOR TO EXECUTION OF THE CONTRACT. REVIEW OF COMPENSATION OF OTHER OFFICERS IS PERFORMED BY THE HEAD OF SCHOOL USING SIMILAR COMPARATIVE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 465,273. PENSION RELATED CHARGES -120,006. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 815,381. CHARITABLE REMAINDER TRUSTS (6) TRUSTS MA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0