2017-12-06T13:54:45-06:00 2017-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2016-07-01 042105750 TOWER SCHOOL IN MARBLEHEAD INC TOWE 7816315800 75 WEST SHORE DRIVE MARBLEHEAD MA 01945 TAYLOR MILNER TREASURER 7816315800 2017-11-28 1 MICHELLE Y HATCH P01222458 7819821001 2017-11-28 50.200.120.74 2017-11-28 15:39:13 ES P DF8EC6EC51E1FD1DECD3FD9B85C405DAF374F076 32C2B15C8AAF7E27428FAF8181EC4CA1A501E391 2016 2017-02-10 21:41:12Z TAYLOR MILNER 75 WEST SHORE DRIVE MARBLEHEAD MA 01945 8522986 0 X HTTP://WWW.TOWERSCHOOL.ORG X 1912 MA AN INDEPENDENT DAY SCHOOL SERVING PRE-KINDERGARTEN THROUGH GRADE 8. 21 21 138 225 0 0 531489 467440 7572103 7621602 420633 179382 26999 -32639 8551224 8235785 1978126 2194313 0 0 4799771 4420136 0 0 450091 2132897 2212233 8910794 8826682 -359570 -590897 16430308 15913964 7795834 7560069 8634474 8353895 X TOWER SCHOOL AIMS TO SPARK A LIFELONG LOVE OF LEARNING IN OUR STUDENTS BY PROVIDING A STIMULATING EDUCATION IN A SUPPORTIVE ENVIRONMENT. WE ENCOURAGE CHILDREN TO STRIVE FOR PERSONAL LEVELS OF EXCELLENCE AND TO DEVELOP FULLY ACROSS A BROAD RANGE OF ACADEMIC, PHYSICAL, CREATIVE, AND SOCIAL ENDEAVORS. TOWER SEEKS TO NOURISH A SPIRIT OF INQUIRY, TO IMPART AN APPROPRIATE BODY OF KNOWLEDGE, TO SET HIGH STANDARDS, TO INSTILL STRONG LEARNING HABITS, AND TO HELP STUDENTS BECOME SECURE IN THEMSELVES WHILE RESPECTING THE DIGNITY OF OTHERS. 0 0 7096859 2167937 7358771 THE SCHOOL OPERATES AS A COEDUCATIONAL INDEPENDENT DAY SCHOOL OFFERING A BROAD LIBERAL CURRICULUM FOR GRADES PRE-KINDERGARTEN THROUGH EIGHT. EDUCATED 247 STUDENTS, GRADUATED 29 STUDENTS AND PLACED THEM IN NUMEROUS QUALITY PUBLIC AND PRIVATE SECONDARY SCHOOLS. 231649 26376 272179 THE SUMMER PROGRAM AT TOWER SCHOOL OFFERS A VARIETY OF PROGRAMS FOR CHILDREN AGES 3-16, INCLUDING ART, TECHNOLOGY, ROBOTICS, BASKETBALL AND ADVENTURE CAMPS. DURING THE SUMMER OF 2016, 314 STUDENTS ATTENDED THE SUMMER PROGRAM. 27536 17753 PARENTS ASSOCIATION 7356044 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 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 0 0 0 0 1 6 0 1 138 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X DR ANDREW TAYLOR 7816315800 75 WEST SHORE DRIVE MARBLEHEAD MA 01945 PETER WEISE TRUSTEE 1.00 X 0 0 0 GEROLD MACKILLOP TRUSTEE 1.00 X 0 0 0 ALLISON JUVES TRUSTEE 1.00 X 0 0 0 PAIGE HAMILTON TRUSTEE 1.00 X 0 0 0 ERIC GYLLENBORG TRUSTEE 1.00 X 0 0 0 MARIANNE KANE TRUSTEE 1.00 X 0 0 0 LEILA BLODGETT TRUSTEE 1.00 X 0 0 0 ELIZABETH P BRADLEY TRUSTEE 1.00 X 0 0 0 MEGHAN BURKE TRUSTEE 1.00 X 0 0 0 TIMOTHY JOHNSON TRUSTEE 1.00 X 0 0 0 TIMOTHY G MURNANE TRUSTEE 1.00 X 0 0 0 BRADFORD ROBIE TRUSTEE 1.00 X 0 0 0 GABRIELLE ROGERS TRUSTEE 1.00 X 0 0 0 JEFFREY CARTER TRUSTEE 1.00 X 0 0 0 PAIGE HINTLIAN TRUSTEE 1.00 X 0 0 0 DOROTHY ZUR MUHLEN TRUSTEE 1.00 X 0 0 0 DONALD SOUTER TRUSTEE 1.00 X 0 0 0 JASPAL SINGH TRUSTEE/VICE-CHAIR 1.00 X X 0 0 0 REBECCA H MCKERNAN TRUSTEE/SECRETARY 1.00 X X 0 0 0 JAMES B BYRNE TRUSTEE/CHAIRPERSON 1.00 X X 0 0 0 C TAYLOR MILNER TRUSTEE/TREASURER 1.00 X X 0 0 0 DR ANDREW TAYLOR HEAD OF SCHOOL 60.00 X 217413 0 79808 DEAN A SIDELL ASSOC. HEAD OF SCHOOL FOR FINANCE & OPERATIONS 60.00 X 175274 0 30125 PETER TWADELL DEAN OF FACULTY 40.00 X 107803 0 27610 500490 0 137543 3 0 1 0 0 96642 370798 80772 467440 TUITION AND FEES 611600 7331670 7331670 SUMMER PROGRAM 611600 272179 272179 PARENTS ASSOCIATION 611600 17753 17753 7621602 168491 168491 111115 143591 -32476 -32476 -32476 31509 20618 10891 10891 10891 95728 96642 122992 -27264 -27264 MISCELLANEOUS 611600 27101 27101 27101 8235785 7648703 0 119642 2194313 2194313 475842 82522 263214 130106 3067595 2670613 182666 214316 163258 127323 25219 10716 457265 366714 79811 10740 256176 201378 46638 8160 14162 14162 26500 26500 43932 43932 126346 27759 98295 292 37870 37870 58640 55802 2091 747 155787 142996 9425 3366 103627 83938 14508 5181 118816 96219 16658 5939 599883 485905 83984 29994 63041 51063 8826 3152 STUDENT ACTIVITIES 328795 328795 SUMMER CAMP 231650 231650 MAINTENANCE 194573 129475 57106 7992 TRANSPORTATION 32631 32631 75980 46948 9642 19390 8826682 7356044 1020547 450091 504513 379596 7005 7012 527330 277721 12340 10146 38762 98290 16297240 7398230 9349212 8899010 5896421 6242189 94725 0 16430308 15913964 529073 540112 2243161 2190441 3852645 3687780 1170955 1141736 7795834 7560069 X 6996345 6672531 311569 349791 1326560 1331573 8634474 8353895 16430308 15913964 -590897 310318 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5995414 267563 445768 331646 6377099 6145905 378846 465 529802 5995414 6892500 419475 -137547 1028523 6145905 5736217 1061060 345223 250000 6892500 5712685 10935 262597 250000 5736217 0.78590 0.19820 0.01600 0 0 1910627 1910627 2139550 11601173 6878283 6862440 467930 446531 21399 177960 73416 104544 8899010 6307858 310318 -2238245 -1927927 8235785 0 8235785 6588437 0 6588437 43932 2194313 2238245 8826682 PART V, LINE 4: WE USE A SMALL AMOUNT OF THE EARNINGS EACH YEAR FOR OPERATIONS. THE FUND PRINCIPAL IS PROTECTED AND INTENDED FOR USE IN FUTURE YEARS TO PROVIDE EARNINGS POWER AND FINANCIAL STABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REIMBURSEMENT -2,194,313. INVESTMENT FEES -43,932. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 2,194,313. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WE PLACE AN AD WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND EACH YEAR IN A MAJOR BOSTON NEWSPAPER. GOLF TOURNAMENT 19385 3150 16235 10986 884 AUCTION EVENT 172985 93492 79493 80772 10276 20074 192370 96642 95728 80772 10986 10276 20958 122992 -27264 1 FINANCIAL AID 124 1829805 TUITION REMISSION 17 338131 SUMMER CAMP SCHOLARSHIPS 29 26376 PART I, LINE 2: ALL GRANTS ARE USED FOR EDUCATIONAL SERVICES AT TOWER SCHOOL. FINANCIAL AID IS USED AS A REDUCTION OF TUITION FOR THE CURRENT YEAR. TO APPLY FOR TUITION ASSITANCE, STUDENTS NEED TO CHECK THE BOX ON THE ADMISSION APPLICATION AND TOWER SCHOOL MAILS OUT THE MATERIALS IN DECEMBER. TOWER SCHOOL IN MARBLEHEAD 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. ANY AMOUNTS AWARDED ARE A DIRECT REDUCTION TO THE TUITION INVOICE. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ANDREW TAYLOR HEAD OF SCHOOL 217413 0 0 0 0 0 25871 0 53937 0 297221 0 0 0 DEAN A SIDELL ASSOC. HEAD OF SCHOOL FOR FINANCE & 175274 0 0 0 0 0 8640 0 21485 0 205399 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL HAS A DISCRETIONARY ACCOUNT FOR USE WITH JOB RELATED EXPENSES. TOWER SCHOOL ALSO PAYS VARIOUS HEALTH CLUB AND SERVICE FEES ON BEHALF OF THIS INDIVIDUAL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-03-29 5798000 REFUND 7/1/07 ISSUE AND ACQUIRE LAND AND BUILDING 0 0 0 A 89495 5798000 74692 805240 2992068 1926000 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X AUCTION ITEMS 135 80772 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS DONATED TO THE AUCTION. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING, HOWEVER, THE NAMES AND ADDRESSES OF THE DONORS ON SCHEDULE B OF THE FORM WERE NOT PROVIDED. THE ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS, HEAD OF SCHOOL AND TREASURER REVIEW THE COMPLETE FORM 990 PRIOR TO DISTRIBUTION TO THE BOARD. ONCE THE 990 REVIEW IS COMPLETE, IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. IF A MEMBER OF THE BOARD OF TRUSTEES OR OFFICER (OR ANY MEMBER OF HIS OR HER FAMILY) HAS AN INTEREST IN A PROPOSED TRANSACTION WITH THE CORPORATION OR IN ANY ORGANIZATION INVOLVED IN THE PROPOSED TRANSACTION, HE OR SHE MUST MAKE FULL DISCLOSURE OF SUCH INTEREST BEFORE ANY DISCUSSION OR NEGOTIATION OF SUCH TRANSACTION. THE CONDUCT OF BUSINESS BETWEEN ANY SUCH MEMBER OF THE BOARD OF TRUSTEES OR OFFICER, OR HIS OR HER FAMILY OR AFFILIATES, AND THE CORPORATION MUST BE DISCLOSED PROMPTLY AND TIMELY IN WRITING TO THE BOARD AND APPROVED IN WRITING BY THE BOARD. A WRITTEN RECORD OF THE DISCLOSURE OF AND DESCRIPTION OF THE CONFLICT, ANY DECISIONS ON SUCH CONFLICT, AND ANY WAIVERS OF SUCH CONFLICTS SHALL BE MAINTAINED BY THE BOARD OF TRUSTEES AND BY THE CORPORATION. THE TRUSTEE OR OFFICER WITH THE RELATIONSHIP SHALL NOT BE PRESENT FOR AND SHALL NOT PARTICIPATE IN ANY DISCUSSION OR VOTE IN CONNECTION WITH THE MATTER. THE EXECUTIVE COMMITTEE, BY A MAJORITY VOTE, SHALL HAVE THE RIGHT TO SUSPEND TEMPORARILY OR PLACE ON TEMPORARY LEAVE OF ABSENCE ANY MEMBER OF THE BOARD OF TRUSTEES OR ANY OFFICER WHOM THE COMMITTEE DETERMINES IS ACTING INCONSISTENTLY WITH THE REQUIREMENTS OF THIS CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES, BY A MAJORITY VOTE, MAY SUSPEND, PLACE ON LEAVE OF ABSENCE OR REMOVE ANY MEMBER OF THE BOARD OF TRUSTEES OR ANY OFFICER WHOM THE BOARD DETERMINES IS ACTING INCONSISTENTLY WITH THE REQUIREMENTS OF THIS CONFLICT OF INTEREST POLICY. ANY OFFICER OR MEMBER OF THE BOARD OF TRUSTEES INVOLVED IN AN ISSUE OF WHETHER HE OR SHE HAS OR HAS NOT COMPLIED WITH THE REQUIREMENTS OF THIS CONFLICT OF INTEREST POLICY SHALL NOT PARTICIPATE IN THE DISCUSSION OR IN THE VOTE AT EITHER THE EXECUTIVE COMMITTEE OR AT THE BOARD OF TRUSTEES MEETING. NOT LESS THAN ANNUALLY, EACH TRUSTEE SHALL MAKE WRITTEN DISCLOSURE TO THE CHAIR OF THE COMMITTEE ON TRUSTEES CONFIRMING THAT HE OR SHE HAS REVIEWED THIS CONFLICT OF INTEREST POLICY." FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY A REVIEW OF THE COMMITTEE ON TRUSTEES. THE REVIEW INCLUDES A PERFORMANCE EVALUATION AND MARKET COMPARISON WITH INDEPENDENT SCHOOLS OF OUR SIZE AND IN OUR GEOGRAPHIC AREA. THIS PROCESS WAS LAST FOLLOWED IN MAY-JUNE 2014 FOR DR. ANDREW TAYLOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.