2018-11-06T07:27:36-06:00 2018-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2017-07-01 020223317 Brewster Academy BREW 6035697103 80 Academy Drive Wolfeboro NH 03894 Robert Mueller Treasurer 6035697103 2018-10-30 1 Barbara J McGuan CPA P00219457 2077752387 2018-10-30 69.49.157.66 2018-10-30 15:58:14 ED P F812085A904E6869F33EAC00142E17048E0A4F95 E262D3C9A45A77A46A0A2832CF74466488750570 2017 2018-06-14 16:35:46Z Craig Gemmell 80 Academy Drive Wolfeboro NH 03894 30044345 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 23 23 294 56 66543 0 2850007 3288596 22888903 22676518 731222 427818 383870 386247 26854002 26779179 4762185 4775589 0 0 11322619 11574119 0 0 1119521 8609924 8767952 24694728 25117660 2159274 1661519 62741139 65304179 24464511 25058502 38276628 40245677 An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 0 0 19483146 4775589 21370646 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 625172 1305872 The Summer Program features educational programs and conferences during the summer recess, including the Brewster Academy Summer Session and Royal Thai Scholars. 20108318 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 46 0 1 294 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697103 80 Academy Drive Wolfeboro NH 03894 Arthur W Coviello Jr Vice Chairman 3.00 X X 0 0 0 Ashley Pettus Trustee 2.00 X 0 0 0 Beverly Bruce Past Trustee 2.00 X 0 0 0 C Richard Carlson Trustee 2.00 X 0 0 0 Candace Crawshaw Trustee 2.00 X 0 0 0 Carlos Noble Trustee 2.00 X 0 0 0 David L Carlson Past Trustee 2.00 X 0 0 0 Derek Murphy Trustee 2.00 X 0 0 0 Gabrielle Gatta Sloss Trustee 2.00 X 0 0 0 George J Dohrmann III Trustee 2.00 X 0 0 0 James Curvey Trustee 2.00 X 0 0 0 Joan Hill Trustee 2.00 X 0 0 0 Karen Boykin-Towns Trustee 2.00 X 0 0 0 Karen W Fix Trustee 2.00 X 0 0 0 Peter Grayson Trustee 2.00 X 0 0 0 Rev Nancy Spencer Smith Trustee 2.00 X 0 0 0 Richard Blackburn Trustee 2.00 X 0 0 0 Robert Mueller Treasurer 2.00 X X 0 0 0 Ronn Bronzetti Secretary 3.00 X X 0 0 0 Roy Ballentine Chairman 3.00 X X 0 0 0 Steven Alperin Trustee 2.00 X 0 0 0 Steven Webster Trustee 2.00 X 0 0 0 Suzie Scanlon Rabinowitz Trustee 2.00 X 0 0 0 Yong Hak Huh Trustee 2.00 X 0 0 0 Zachary Carlile Trustee 2.00 X 0 0 0 Craig Gemmell Head of School 60.00 X 408556 0 91160 Lisa Braiterman CFO 50.00 X 174235 0 26613 Kristy Kerin Director of Advancement 50.00 X 153520 0 47194 Lynne Palmer Director of Admissions 50.00 X 137642 0 9635 873953 0 174602 4 0 1 0 Milestone Engineering & Construction In PO Box 2279 Concord NH 033022279 Admissions Renovation 3382168 Samyn - D'Elia Architects PA PO Box 1259 Ashland NH 03217 Architects 129423 2 3288596 125713 3288596 Tuition and Fees 611710 19584346 19584346 Summer Programs 611710 1305872 1251674 54198 Instructional Support 611710 1227399 1227399 Student Related 611710 520449 520449 Miscellaneous Revenue 611710 38452 26107 12345 22676518 358839 358839 3318266 750 3250037 0 68229 750 68979 68979 114486 15129 99357 99357 Distribution from beneficial trus 900099 286890 286890 286890 26779179 22609975 66543 814065 4775589 4775589 660987 660987 8298795 6621229 989524 688042 561414 425976 88572 46866 1442245 1097879 280004 64362 610678 467681 95583 47414 46484 46484 52637 52637 961357 570921 348716 41720 19582 19582 269810 122685 110889 36236 890853 890853 233948 72838 63935 97175 733668 670050 63618 1765061 1732368 32693 628592 628592 Student Related 753979 753979 Plant Expense 728153 728153 Dining Hall 646910 646910 Goods Held for Resale 180378 180378 856540 350829 408005 97706 25117660 20108318 3889821 1119521 X 304972 2228994 7636962 5785221 1984567 669404 193970 186203 48992 13516 151731 138943 59268307 24512246 31342579 34756061 11609537 11923344 9467829 9602493 62741139 65304179 882538 1787789 6644382 6665340 16261636 15871403 77312 87748 58477 37911 540166 608311 24464511 25058502 X 16543966 19118579 5686511 4311975 16046151 16815123 38276628 40245677 62741139 65304179 X 1661519 212443 95087 X 0 1 X 1 0 X 0 1 X 11303269 698485 585425 646718 11940461 10824765 96392 1082464 700352 11303269 10847178 169563 274371 466347 10824765 10848831 229341 213143 444137 10847178 9588035 157739 1477339 374282 10848831 0.74890 0.25110 0 0 2285479 2285479 40666296 17180454 23485842 4659812 3182302 1477510 11656720 4149490 7507230 34756061 Deferred Compensation Plans 257171 Beneficial Interest in Perpetual Trust 7843478 Charitable Gift Annuity 1091746 Accrued Investment Interest Receivable 6257 Property held for investment 403841 9602493 Charitable Gift Annuity 351140 Deferred Compensation Payable 257171 608311 22326249 212443 110216 322659 22003590 4775589 4775589 26779179 20357200 15129 15129 20342071 4775589 4775589 25117660 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 15,129. Change in Beneficial Interest in Perpetual Trust 94,754. Change in Pledge Disounting & Allowance for Pledges 29,400. Change in Value of Charitable Gift Annuity -29,067. Part XI, Line 4b - Other Adjustments: Finanical Aid Grants 4,775,589. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 15,129. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 4,775,589. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Through newspaper, television, and radio advertising, and in school literature. East Asia and the Pacific - 0 0 Fundraising and Parent/Alumni relations 15962 0 0 0 0 0 0 15962 0 15962 0 0 0 0 0 0 Schedule F, Part I, Line 3 Brewster Academy currently has 13 students from Asia. As a result of the trip for fundraising and parent/alumni relations, Brewster Academy received $162,525 worth of contributions from sources in Asia. Family Weekend Auction 114486 114486 15129 114486 114486 15129 15129 99357 1 Financial Aid 135 0 4775589 FMV Brewster Academy provides financial aid to students based on need Part I, Line 2: Grants and Other Assistance to Individuals - The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Schedule I, Part III, Line F Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X X 1 1 X X X 0 1 0 0 0 0 0 1 0 Craig Gemmell Head of School 349297 0 58000 0 1259 0 58477 0 32683 0 499716 0 0 0 Lisa Braiterman CFO 157155 0 15000 0 2080 0 12493 0 14120 0 200848 0 0 0 Kristy Kerin Director of Advancement 142783 0 10000 0 737 0 11677 0 35517 0 200714 0 0 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions, Director of Advancement, Chief Financial Officer and Senior Philanthropic Advisor in the amount of $14,900, $7,450, $14,900, $14,900 and $18,000 respectively. Part I, Line 4b Craig Gemmell Head of School, participates in a 457f plan. Brewster Academy contributed $22,000 on his behalf into the plan. Part I, Line 7 Craig Gemmell, Head of School, Lisa Braiterman, Chief Financial and Operations Officer, and Kristy Kerin, Assistant Head of School for Strategy and Advancement, received a bonus during the year based on goals established in their contracts which were met during the year. A New Hampshire Health and Education Facilities Authority 020279866 2011-02-04 18000000 Capital Improvements 0 0 0 A 1935431 18000000 260239 1514158 16225603 2011 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 14 125713 FMV Auction items 0 0 Donor estimated valu 0 0 0 Part I, Line 33: For various auctioned items, the Organization does not record revenue when items are donated, but rather when the items are sold at the auction event. The donor estimated value of auctioned items was $51,639. Form 990, Part VI, Section A, line 7a Commonwealth of MA has the right to appoint members of the Brewster Trust, who are members of the Board of Trustees under the Charter. Form 990, Part VI, Section B, line 11b The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c All present Trustees and each new Trustee, prior to taking his/her position on the Board shall submit in writing to the Chairman of the Board a list of all businesses or other organizations of which s/he is an officer, director, trustee, member, owner, shareholder, employee or agent, with which Brewster Academy has, or might reasonably in the future enter into, a relationship or transaction in which the Trustee would have conflicting interests. This disclosure shall be provided by each Board Member to the Chairman of the Board on an annual basis. The Chairman of the Board shall become familiar with the statements of all trustees in order to guide appropriate conduct should a conflict arise. Voting - At such time as any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Trustee shall make known the potential conflict, whether disclosed by his/her written statement or not, and after answering any questions that might be asked of him/her, shall withdraw from the Board meeting for so long as the matter shall continue under discussion. The Conflict of Interest Policy must be signed individually by members of the Board of Trustees, and there is an annual review of the conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive, Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity -29,067. Change in Value of Beneficial Interest in Perpetual Trust 94,754. Change in Pledge Discounting and Allowance for Pledges 29,400. The John Brewster Trust 1550 Worcester Road 607 Framingham MA 01702 046289100 Perpetual Trust NH N/A T 94753 7843478 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0