2017-11-14T13:29:29-06:00 2017-06-30 263753134 CBIZ TOFIAS 56 EXCHANGE TERRACE PROVIDENCE RI 02903 990 2016-07-01 042103628 SHADY HILL SCHOOL SHAD 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 MAUREEN NUNEZ CFO & COO 6175205216 2017-11-14 1 JOHN T WILMOT P00095129 4016263200 2017-11-14 100.10.27.170 2017-11-14 13:34:06 ES P 4EA0442B42FE7DF86F93B32BCC6EE999EA29E3AD A091C3A5D87150ECB7764FCD0A4B3C3862A9D61D 2016 2017-02-10 21:41:12Z MARK STANEK 178 COOLIDGE HILL CAMBRIDGE MA 02138 30545993 0 X WWW.SHS.ORG X 1915 MA SHADY HILL SCHOOL IS A PRIVATE, PRE-K THROUGH GRADE 8, CO-EDUCATIONAL DAY SCHOOL LOCATED ON 11 ACRES IN CAMBRIDGE, MASSACHUSETTS. THE CAMPUS CONTAINS ACADEMIC, ATHLETIC AND ADMINISTRATION BUILDINGS INCLUDING A NEW ARTS COMPLEX AND GYMNASIUMS IN ADDITION TO PLAYGROUNDS AND PLAYING FIELDS. TOTAL ENROLLMENT IS APPROXIMATELY 520 STUDENTS.SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE.THE SCHOOL KNOWS AND HONORS THE INDIVIDUAL CHARACTER AND SPIRIT OF EACH CHILD, RESPECTS THE PACE OF CHILDHOOD AND UNDERSTANDS THAT TRUE EXPLORATION TAKES TIME CREATES A SAFE ENVIRONMENT THAT ALLOWS CHILDREN TO BE CURIOUS, TAKE RISKS, AND MAKE MISTAKES CHALLENGES PREJUDICE AND RESPECTS DIFFERENCES. 19 16 274 100 87253 62575 5884760 4292881 18217440 18618822 630485 590401 323877 191908 25056562 23694012 2457008 2690181 0 0 11961285 12106122 22967 10903 921365 8060690 7911740 22501950 22718946 2554612 975066 98494091 105638010 31134326 31395092 67359765 74242918 X SEE MISSION STATEMENT ON SCHEDULE O. 0 0 16662158 2251534 17670793 INSTRUCTIONAL - SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE. 837600 373547 784190 AFTER SCHOOL & SUMMER CAMP PROGRAMS - THE GOAL OF THE AFTER SCHOOL PROGRAM IS TO PROVIDE A RELAXED, SAFE, NURTURING, AND DYNAMIC NEIGHBORHOOD SETTING FOR CHILDREN ONCE THEIR DAY ENDS. WE AIM TO PROVIDE A STIMULATING AND FUN ENVIRONMENT IN WHICH CHILDREN CAN EXPLORE THEIR OWN UNIQUE IMAGINATIONS, DEVELOP FRIENDSHIPS AND TEST THEIR ABILITIES. THE PROGRAM IS PLANNED WITH THE FLEXIBILITY TO MAKE ROOM FOR CHILDREN TO INITIATE AND INVENT THEIR OWN GAMES AND PROJECTS. ADDITIONALLY, WE OFFER A QUIET AND SUPPORTIVE SPACE FOR STUDENTS TO WORK ON THEIR HOMEWORK.OUR SUMMER CAMP PHILOSOPHY IS IN KEEPING WITH THE SCHOOL'S MISSION TO CREATE A COMMUNITY OF ACCEPTANCE. WE GIVE INDIVIDUAL ATTENTION AND ENCOURAGE CAMPERS TO DEVELOP A PASSION FOR LIFE THROUGH PLAYTIME, EXPLORATION AND THE BUSINESS OF MAKING FRIENDS. WE UNDERSTAND THE WONDERFUL OPPORTUNITY THAT THE SUMMER PROVIDES FOR LEARNING AND FUN. 463589 65100 186462 TEACHER TRAINING COURSE (TTC)- THIS COURSE PROVIDES ASPIRING TEACHERS WITH WELL-GUIDED EXPERIENCES IN PRE-K THROUGH EIGHTH GRADE CLASSROOMS WHERE PRACTICE MERGED WITH THEORY IS PARAMOUNT. IMMERSION IN THE CLASSROOM WHILE STUDYING AND WORKING ALONGSIDE A TALENTED MENTOR IS THE BEST WAY TO LEARN HOW TO TEACH. IN THIS ONE-YEAR, SITE-BASED PREPARATION PROGRAM, APPRENTICE TEACHERS DISCOVER WHAT TEACHING IS ALL ABOUT THROUGH OBSERVATION, SUPERVISED TEACHING, WORKSHOPS, SEMINARS, AND CONTINUOUS INVOLVEMENT IN THE LIFE OF THE SCHOOL. 17963347 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 76 0 1 274 1 1 1 0 0 0 0 0 0 0 0 0 X 19 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X MAUREEN NUNEZ 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 NIMA ESHGHI BOARD CHAIR; ADMISSION SCREENER 5.00 X X 456 0 0 BOB CROWLEY TREASURER 5.00 X X 0 0 0 SUZANNE SINER CLERK 5.00 X X 0 0 0 CARITA ANDERSON TRUSTEE 2.00 X 0 0 0 DAVID BREWSTER TRUSTEE 2.00 X 0 0 0 HOLLY EDMONDS TRUSTEE; ADMISSIONS SCREENER 2.00 X 1388 0 0 JEANNE FITZGIBBON TRUSTEE 2.00 X 0 0 0 MELISSA HANENBERGER TRUSTEE 2.00 X 0 0 0 ALYSSA HAYWOODE TRUSTEE 2.00 X 0 0 0 ANNE SCRIBNER TRUSTEE; GRADE IV GRADEHEAD 50.00 X 85597 0 7805 KERI HUGHES TRUSTEE; GRADE VIII GRADEHEAD 50.00 X 32036 0 3318 HILARY JOHNSTON TRUSTEE 2.00 X 0 0 0 CHRIS LEE TRUSTEE 2.00 X 0 0 0 ARTHUR D LITTLE TRUSTEE 2.00 X 0 0 0 JEITA PHILLIPS TRUSTEE 2.00 X 0 0 0 ERIK RAMANATHAN TRUSTEE 2.00 X 0 0 0 ALEX SACERDOTE TRUSTEE 2.00 X 0 0 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 50.00 X X 382931 0 83069 RALPH WALES TRUSTEE 2.00 X 0 0 0 MAUREEN NUNEZ CFO & COO 50.00 X 209418 0 10689 KIMBERLY KUBIK DIRECTOR OF ADVANCEMENT 50.00 X 151716 0 18679 TIM WHYTE DIRECTOR OF FACILITIES 50.00 X 118461 0 24129 CINDY DOBE CHIEF INFORMATION OFFICER 50.00 X 119219 0 16878 DESIREE HUMPHRIES DIRECTOR OF TEACHER TRAINING 50.00 X 120603 0 25795 VINCENT QUIRK CONTROLLER 50.00 X 117645 0 28398 SERENA GIFFORD LOWER SCHOOL DIV HEAD 50.00 X 115043 0 29305 1454513 0 248065 8 0 1 0 ECK MACNEELY ARCHITECTS INC 560 HARRISON AVENUE SUITE 403 BOSTON MA 02118 ARCHITECTURAL SERVICES 221986 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 11555 INVESTMENT ADVISORS 158164 2 4292881 1281775 4292881 TUITION AND FEES 900099 17067573 17067573 AFTER SCHOOL & SUMMER CAMP PROGRA 900099 784190 784190 OTHER PROGRAMS 900099 767059 767059 18618822 305327 87253 218074 128162 17740 110422 110422 110422 7102730 300 6817956 0 284774 300 285074 285074 75148 16285 58863 58863 MISCELLANEOUS INCOME 523000 22623 22623 22623 23694012 18641445 87253 672433 2690181 2690181 956192 264109 433570 258513 8519469 7151971 1046575 320923 678226 595525 68585 14116 1182763 918562 180925 83276 769472 640691 95909 32872 130445 130445 75044 75044 10903 10903 456865 456865 563 563 84 84 1974270 1402632 475974 95664 446227 433304 12923 1552360 1200014 346152 6194 766808 766808 1943981 1502697 433508 7776 122661 94777 27378 506 UNRELATED BUSINESS INCO 22129 22129 LUNCHROOM 160346 151559 7635 1152 FACULTY DEVELOPMENT 112447 111375 1072 CAPITAL CAMPAIGN 47825 47825 99685 39058 32977 27650 22718946 17963347 3834234 921365 400 400 10009384 8487321 2376203 1826814 35971 29186 365177 216563 61890374 18336001 40726056 43554373 44980900 51523353 98494091 105638010 1838322 1549260 4562687 5728578 24060000 23500000 673317 617254 31134326 31395092 X 55188263 59521070 6409383 7412620 5762119 7309228 67359765 74242918 98494091 105638010 X 975066 5908087 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45668021 1578664 6059901 2071407 51235179 47573241 1530930 -1414792 2021358 45668021 48294856 403896 813667 1939178 47573241 44084020 1115550 5087348 1992062 48294856 41906115 404799 3822970 2049864 44084020 0.76190 0.13990 0.09820 0 0 57698 57698 54586100 14258869 40327231 4989396 3121961 1867435 2257180 955171 1302009 43554373 NON PUBLICALLY TRADED INVESTMENT FUNDS 49277722 F OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE 1635091 C OTHER INVESTMENTS - SPLIT INTEREST AGREEMENTS 610540 C 51523353 PROVISION FOR UNEMP COMP 62669 DEFERRED RENTAL INCOME 505272 CHARITABLE GIFT ANNUITIES 12498 OTHER LIABILITIES 36815 617254 X 26903198 5911834 5911834 20991364 2702648 2702648 23694012 20020045 0 20020045 2698901 2698901 22718946 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,690,181. SPECIAL EVENTS INDIRECT EXPENSES 8,720. REALIZED GAINS 3,747. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,110,920. SPECIAL EVENTS INDIRECT EXPENSES 8,720. FINANCIAL AID 579,261. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE AND OTHER LOCAL NEWSPAPERS. X X X X X 0 MARTS & LUNDY 1200 WALL STREET W LYNDHURST NJ 07071 FUNDRAISING CONSULTING 0 0 10903 -10903 10903 -10903 SHADY HILL FAIR 74182 74182 768 3704 7045 4768 74182 74182 768 3704 7045 4768 16285 57897 1 FINANCIAL AID 98 2110920 NEED-BASED FINANCIAL AID TO STUDENTS - TUITION FINANCIAL AID 122 579261 NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 372931 0 10000 0 0 0 23400 0 59669 0 466000 0 0 0 MAUREEN NUNEZ CFO & COO 209418 0 0 0 0 0 10420 0 269 0 220107 0 0 0 KIMBERLY KUBIK DIRECTOR OF ADVANCEMENT 151716 0 0 0 0 0 11367 0 7312 0 170395 0 0 0 PART I, LINE 1A AS A CONDITION OF HIS EMPLOYMENT, THE HEAD OF SCHOOL, MARK STANEK, IS REQUIRED TO LIVE ON CAMPUS IN A HOME PROVIDED TO HIM BY THE SCHOOL. BASED ON COMPARABLE RENTALS IN CAMBRIDGE, AND ALLOWING FOR THE LOCATION AND CONDITION OF THE HOUSE, THE TOTAL ESTIMATED VALUE OF THIS NONTAXABLE BENEFIT FOR A FULL YEAR IS $48,000. THE DIRECTOR OF THE SCHOOL IS ALSO PROVIDED A VEHICLE, AND THE VALUE OF ANY PERSONAL USE OF THIS VEHICLE IS ADDED TO HIS FORM W-2. PART I, LINE 7 THE HEAD OF SCHOOL, MARK STANEK, RECEIVED A BONUS PAYMENT OF $10,000 IN RECOGNITION OF HIS OUTSTANDING PERFORMANCE DURING THE COURSE OF THE YEAR. SCHEDULE J, PART II, COLUMN (D) FOR HEAD OF SCHOOL, MARK STANEK, THE NONTAXABLE BENEFITS OF $83,069 INCLUDE THE FOLLOWING: FULL-YEAR HOUSING VALUED AT $48,000, HEALTH/LIFE INSURANCES TOTALING $11,669, AND PENSION CONTRIBUTION OF $23,400. FOR CHIEF FIANCIAL OFFICER/CHIEF OPERATING OFFICER, MAUREEN NUNEZ, THE NONTAXABLE BENEFITS OF $10,689 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $269, AND PENSION CONTRIBUTION OF $10,420. FOR DIRECTOR OF ADVANCEMENT, KIMBERLY KUBIK, THE NONTAXABLE BENEFIT OF $18,679 INCLUDES HEALTH/LIFE INSURANCES TOTALING $7,312 AND PENSION CONTRIBUTION OF $11,367. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RYD1 2013-06-20 26780000 DEBT REFINANCING 0 0 0 A 26780000 24392805 129120 2258075 2013 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 SEE EXPLANATION BELOW SEE PART V 122016 FINANCIAL AID SCHEDULE L, PART III FINANCIAL AID GRANTED TO THE CHILDREN OF TRUSTEES, FACULTY AND STAFF IS BASED ON NEED THAT MUST BE DEMONSTRATED THROUGH THE STANDARD APPLICATION FOR FINANCIAL AID PROCESS; FOR PRIVACY CONSIDERATIONS, THE NAMES OF RECIPIENTS ARE NOT DISCLOSED AND ONLY THE TYPE OF ASSISTANCE AND THE AGGREGATE AMOUNT ARE REPORTED ON SCHEDULE L, PART III. X 22 1281775 FMV ON DATE OF GIFT 0 1 1 PART I, LINE 32B: ALL STOCK GIFTS ARE RECEIVED BY TD AMERITRADE AND SOLD THROUGH THEIR BROKERAGE FIRM. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN NINETEEN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN NINETEEN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AND DISCUSSED VIA CONFERENCE CALL ABOUT A WEEK BEFORE FILING. THE AUDIT COMMITTEE REVIEWED AND DISCUSSED IT AT THIS TIME. IT IS ALSO POSTED TO THE SCHOOL'S INTERNAL WEBSITE FOR REVIEW BY ALL BOARD MEMBERS DURING THE SAME TIME FRAME. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND OFFICERS OF THE ORGANIZATION ARE ASKED TO FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON REPORTS THE CONFLICT TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE EVALUATES THE SEVERITY OF THE TRANSACTION AND THE NEED TO REPORT THE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD. IF THE CONFLICT RISES TO THE LEVEL OF REPORTING, THE AUDIT COMMITTEE WILL REPORT THE TRANSACTION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD WHICH REVIEWS THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL WHEN THE CONTRACT IS PERIODICALLY REVIEWED. THE COMMITTEE USES COMPARABLE DATA AND CONSULTANTS WHEN NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 SHADY HILL SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON UNRESTRICTED -77,818. UNREALIZED GAIN/LOSS ON ENDOWMENT 5,989,652. REALIZED GAINS ON SALE OF INVESTMENTS -3,747.