2018-01-31T19:04:40-06:00 2017-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2016-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 6175225544 2018-01-22 1 MICHELLE Y HATCH P01222458 7819821001 2018-01-22 50.200.120.74 2018-01-22 12:02:58 ES P AE4F84C66CF7EFD26554BEC15325CB8203138E58 7B14BF2BF8F8AC217E314A41F868DB69370B8F6F 2016 2021-01-29 14:40:06Z JEFFREY DUBOIS 20 NEWTON STREET BROOKLINE MA 024457498 53269851 0 X WWW.DEXTERSOUTHFIELD.ORG X 1926 MA ELEMENTARY THROUGH HIGH SCHOOL FOR BOYS & GIRLS-PRE-KINDERGARTEN TO GRADE TWELVE. 16 15 313 243 0 0 2512912 11515542 32796574 35927406 3234627 292673 0 0 38544113 47735621 7306890 8546572 0 0 17028798 18703212 0 0 1703998 10380741 11531543 34716429 38781327 3827684 8954294 67865486 79660507 42408679 41511160 25456807 38149347 ELEMENTARY THROUGH HIGH SCHOOL FOR BOYS & GIRLS-PRE-KINDERGARTEN TO GRADE TWELVE. 0 0 21877398 34274489 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 8546572 8546572 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 1424774 1652917 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS, ADULT EDUCATION, PUBLIC SCHOOL PROGRAMS, AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 31848744 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 93 0 1 313 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA X JEFFREY DUBOIS 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 X EDWARD M MAHONEY TRUSTEE 4.00 X 0 0 0 DR DAVID S BROWN TRUSTEE THRU MAY 4.00 X 0 0 0 WILLIAM J CLEARY JR TRUSTEE THRU MAY 4.00 X 0 0 0 HONORABLE SANDRA L HAMLIN TRUSTEE THRU MAY 4.00 X 0 0 0 ANTHONY DINOVI TRUSTEE THRU MAY 4.00 X 0 0 0 LAURA CONRAD WILSON TRUSTEE 4.00 X 0 0 0 ALLISON KANEB PELLEGRINO TRUSTEE 4.00 X 0 0 0 CHRISTOPHER HUME REYNOLDS TRUSTEE 4.00 X 0 0 0 SCOTT BARRINGER TRUSTEE 4.00 X 0 0 0 F WARREN MCFARLAN TRUSTEE 4.00 X 0 0 0 PETER L O'BRIEN TRUSTEE 4.00 X 0 0 0 CHRISTOPHER B ROY TRUSTEE 4.00 X 0 0 0 ELIZABETH H BALDINI TRUSTEE 4.00 X 0 0 0 JONATHAN A KRAFT TRUSTEE 4.00 X 0 0 0 MARK E FUSCO TRUSTEE 4.00 X 0 0 0 KAREN W MUELLER TRUSTEE/TREASURER 4.00 X X 0 0 0 ERNEST C ADAMS TRUSTEE/CLERK 4.00 X X 0 0 0 CHARLES T HAYDOCK TRUSTEE/FINANCE COMMITTEE CHAIR 4.00 X X 0 0 0 W SHAW MCDERMOTT TRUSTEE/PRESIDENT 10.00 X X 0 0 0 DR BARBARA P ROCKETT TRUSTEE/VICE PRESIDENT 4.00 X X 0 0 0 RICHARD D SAUL BUSINESS MANAGER 60.00 X 208050 0 64229 TODD VINCENT HEAD OF SCHOOL-SEE SCH O 60.00 X 332352 0 194262 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL-SEE SCH O 60.00 X 185950 0 144210 DANIEL DONATO ADMISSIONS/COACH-SEE SCH O 50.00 X 192470 0 168003 ANN HARRIS DIRECTOR OF ADVANCEMENT 50.00 X 160800 0 20908 GEORGE WRIGHT ATHLETICS TEACHER 50.00 X 149272 0 32901 ROBERT PHINNEY CLAY CENTER DIRECTOR 50.00 X 146100 0 29719 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 50.00 X 120274 0 18140 1495268 0 672372 23 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1155452 PROSPECT BUILDING SERVICES CORP 360 PEARL STREET MALDEN MA 02148 CLEANING SERVICES 217480 SCHWARTZ HANNUM PC 11 CHESTNUT STREET ANDOVER MA 01810 LAWYER/CONSULTANT 187890 DEWING SCHMID KEARNS ARCHITECTS PLANNE 30 MONUMENT SQ STE 200B CONCORD MA 01742 ARCHITECTURE 155780 AE MECHANICAL INC 5-7 DELAWARE DRIVE SALEM NH 03079 GAS AND HEATING CONTRACTOR 149374 7 11515542 626177 11515542 TUITION & FEES 611110 33838239 33838239 SUMMER PROGRAM 611110 1652917 1652917 OTHER REVENUE 611110 255654 255654 ICE FACILITY FEES 611110 180596 180596 35927406 578828 578828 5245900 2175 5534230 0 -288330 2175 -286155 -286155 47735621 35927406 0 292673 8546572 8546572 1032325 1032325 200334 124179 76155 13013033 10338458 1876641 797934 893045 750777 99131 43137 2506390 2179352 193514 133524 1058085 830138 163512 64435 262850 262850 52125 52125 119844 119844 50840 50840 23335 23335 182257 929 96366 84962 35536 35536 1171365 959960 158562 52843 2943 2943 148823 37051 111772 1564422 1564422 2055400 1590418 348681 116301 271971 64225 203048 4698 INSTRUCTIONAL EXPENSES 1422466 1422466 CONTRACTED SERVICES 1383966 984858 250498 148610 LUNCHROOM EXPENSES 1214146 1214146 SUMMER AND OTHER PROGRA 618363 618363 950891 659481 257319 34091 38781327 31848744 5228585 1703998 1114156 4819743 3052341 916 30375 4583263 155914 25485 103493 71781 788046 600185 69940703 38215987 28378261 31724716 34158943 35363197 2406962 83957 64259 67865486 79660507 273528 1771149 5813605 6579025 35879175 32703047 442371 457939 42408679 41511160 X 22543539 25755361 1464051 10862119 1449217 1531867 25456807 38149347 67865486 79660507 8954294 3738246 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 35443006 53243 3708243 1680464 37524028 30036887 236486 6084783 915150 35443006 31670189 176682 -796056 1013928 30036887 30335539 2666670 3011569 1943051 538 34070189 28887554 708945 2639206 1900147 19 30335539 0.91620 0.04030 0.04350 0 0 358747 358747 51379193 27438113 23941080 5221588 4241573 980015 8813673 6536301 2277372 4167502 4167502 31724716 ACCRUED INTEREST PAYABLE 254567 CHARITABLE GIFT ANNUITY PAYABLE 11954 DEFERRED COMPENSATION ACCRUAL 191418 457939 X 42807451 3738246 3738246 39069205 119844 8546572 8666416 47735621 30114911 0 30114911 119844 8546572 8666416 38781327 PART III, LINE 4: THE SCHOOL HOLDS TWO PORTRAITS FOR DISPLAY AT THE SCHOOL. BEYOND THIS ARTWORK DISPLAYED IN THE HALLWAYS, THE SCHOOL GALLERY PROVIDES DEDICATED SPACE TO ELEVATE STUDENT ARTWORK. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN 2016 RETURNS AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 8,546,572. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 8,546,572. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE CURRENT FISCAL YEAR THE RACIALLY NON-DISCRIMINATORY POLICY WAS PUBLISHED IN CONJUNCTION WITH A GROUP ADVERTISEMENT COORDINATED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND ON DECEMBER 4, 2016. 1 FINANCIAL AID TO STUDENTS 287 8546572 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO SSS WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. X 0 0 X X X X 0 1 0 0 0 0 0 0 0 RICHARD D SAUL BUSINESS MANAGER 208050 0 0 0 0 0 45805 0 18424 0 272279 0 0 0 TODD VINCENT HEAD OF SCHOOL-SEE SCH O 301500 0 0 0 30852 0 126500 0 67762 0 526614 0 0 0 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL-SEE SCH O 185950 0 0 0 0 0 43595 0 100615 0 330160 0 0 0 DANIEL DONATO ADMISSIONS/COACH-SEE SCH O 161650 0 0 0 30820 0 16165 0 151838 0 360473 0 0 0 ANN HARRIS DIRECTOR OF ADVANCEMENT 160800 0 0 0 0 0 12064 0 8844 0 181708 0 0 0 GEORGE WRIGHT ATHLETICS TEACHER 149272 0 0 0 0 0 14625 0 18276 0 182173 0 0 0 ROBERT PHINNEY CLAY CENTER DIRECTOR 146100 0 0 0 0 0 11528 0 18191 0 175819 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, TODD VINCENT, AND THE ASSOCIATE DIRECTOR OF ADMISSIONS, DANIEL DONATO LIVE IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. THE FMV OF THE HOUSING IS INCLUDED IN THEIR W-2 INCOME. PART I, LINE 4B IN JULY 2015, DEXTER SOUTHFIELD ADOPTED A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR TODD VINCENT, THE HEAD OF SCHOOL, RICHARD SAUL, BUSINESS MANAGER AND DANIEL STEWART TUCKER, THE ASSISTANT HEAD OF SCHOOL. DEXTER SOUTHFIELD MADE CONTRIBUTIONS TOTALING $150,000 DURING FISCAL YEAR 2017. THE NON-QUALIFIED DEFERRED COMPENSATION PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. SCHEDULE J, PART II, COLUMN D TODD VINCENT'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $46,670 FOR 1 CHILD. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $77,750 FOR 2 CHILDREN, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $130,315 FOR 3 CHILDREN. TUITION REMISSION IS A NONTAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2007-08-02 47720000 CONSTRUCTION OF NEW CAMPUS BUILDING 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2015-09-14 32262736 TO RETIRE A PORTION OF THE 2007 BONDS AND FUND THE REFUNDING TRUST AGREEMENT 0 0 0 A 46555000 47720000 2008 0 0 1 1 B 32262736 510416 31752320 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 66245 SCHOLARSHIP FINANCIAL AID CYNTHIA SAUL DAUGHTER OF BUSINESS MANAGER 53412 EMPLOYEE OF THE SCHOOL 0 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 70767 EMPLOYEE OF THE SCHOOL 0 CHRISTINE ADAMS WIFE OF TRUSTEE WHO IS CLERK OF BOARD OF TRUSTEES 76155 PART-TIME EMPLOYEE OF SCHOOL 0 X 24 626177 FMV ON DATE OF GIFT 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENT THE INDIVIDUALS WHO DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED ON 5/17/17 TO LIMIT THE TERMS FOR TRUSTEES OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE CORPORATION. THE 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. IF THERE IS A POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE TO THE COMMITTEE ON TRUSTEES AND GOVERNANACE AND ANY OTHER BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE THE DISCLOSURE HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF A CONFLICT OF INTEREST IS FOUND, THE GOVERNANCE COMMITTEE WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE SCHOOL'S BEST INTEREST AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES COMPARED DATA FROM COMPARABLE SURROUNDING PRIVATE SCHOOLS TO DETERMINE ADEQUATE AND COMPETITIVE COMPENSATION FOR THE INCOMING HEAD OF SCHOOL. A COMPREHENSIVE COMPENSATION ANALYSIS IS CURRENTLY UNDERWAY WITH A REVIEW OF SALARY AND BENEFITS FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S DOCUMENTS ARE AVAILABLE UPON REQUEST. PART VII, COLUMN F TODD VINCENT'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $46,670 FOR 1 CHILD. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $77,750 FOR 2 CHILDREN, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $130,315 FOR 3 CHILDREN. TUITION REMISSION IS A NONTAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL.