2017-11-13T12:33:01-06:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 042104273 Miss Hall's School Inc MISS 4134436401 492 HOLMES ROAD PITTSFIELD MA 01201 Stacey Sotirhos Goneos President 4134436401 2017-11-10 1 JOHN TOSCANO P00358542 9592007000 209.3.217.20 2017-11-10 15:19:01 ES P 8BC3D3574AB0CFBA84D08761C2C1F256112FF70E 896C1F5B5D42EC59A37A0D46A5820AA48C1A79ED 2016 2018-03-14 21:41:22Z Julia Heaton 492 HOLMES ROAD PITTSFIELD MA 01201 19408677 0 X WWW.MISSHALLS.ORG X 1924 MA TO EDUCATE, INSPIRE, AND ENCOURAGE GIRLS IN GRADES 9 THROUGH 12 25 25 148 302 471908 -234283 3206586 6481407 10412054 11077947 1378063 592617 418398 495402 15415101 18647373 3397453 3787919 0 0 7599867 8156830 25338 51191 851824 4359654 4588756 15382312 16584696 32789 2062677 44902933 51383550 13150245 16600902 31752688 34782648 TO INSPIRE AND ENCOURAGE GIRLS IN GRADES 9 THROUGH 12 TO PURSUE THE HIGHEST STANDARDS OF LEARNING AND CHARACTER, TO CONTRIBUTE BOLDLY AND CREATIVELY TO THE COMMON GOOD, AND TO SEEK A PURPOSEFUL LIFE BASED ON HONOR, RESPECT AND PERSONAL AUTHENTICITY. 0 0 12062664 3787919 11086073 PROVIDED COLLEGE-PREPARATORY EDUCATION IN A SMALL SCHOOL SETTING APPROXIMATELY 213 BOARDING AND DAY STUDENTS IN GRADES 9-12 CAME FROM 11 STATES AND 27 COUNTRIES. 12062664 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 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 96 0 1 148 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SUZANNE BAUMGARTEN 4134436401 492 HOLMES ROAD PITTSFIELD MA 01201 Nancy Gustafson Ault Board of Trustees 1.00 X 0 0 0 Martha Bullock Board of Trustees 1.00 X 0 0 0 Alice Butler Burnham Vice President 1.00 X X 0 0 0 Susan Rowland Chollet Board of Trustees 1.00 X 0 0 0 Anne Peterson Conolly Board of Trustees 1.00 X 0 0 0 Barbara J Cooperman Board of Trustees 1.00 X 0 0 0 Katie Grace Deane Board of Trustees 1.00 X 0 0 0 Alisha Arnold Foster Board of Trustees 1.00 X 0 0 0 Caroline Rutter Frazer Board of Trustees 1.00 X 0 0 0 Carolyn Green Board of Trustees 1.00 X 0 0 0 Stacey Sotirhos Goneos President 1.00 X X 0 0 0 Rebecca Hajjar Board of Trustees 1.00 X 0 0 0 Laura H Harris Board of Trustees 1.00 X 0 0 0 Herbert Jaques Jr Board of Trustees 1.00 X 0 0 0 Jane Joukowsky Vice President 1.00 X X 0 0 0 Stephanie Lawlor Kadner Board of Trustees 1.00 X 0 0 0 Stacy Kirk Board of Trustees 1.00 X 0 0 0 Joy Kiser Outgoing Trustee 1.00 X 0 0 0 Charles Platt Board of Trustees 1.00 X 0 0 0 Jonathan Poorvu Board of Trustees 1.00 X 0 0 0 Christopher Pope Vice President 1.00 X X 0 0 0 Scott Quigg Treasurer 1.00 X X 0 0 0 Jennifer Perkins Speers Board of Trustees 1.00 X 0 0 0 Cornelia Cabot Whiting Clerk 1.00 X X 0 0 0 Suzanne Wilson Board of Trustees 1.00 X 0 0 0 Amy Church Wood Outgoing Trustee 1.00 X 0 0 0 Edith Stetson Yovu Board of Trustees 1.00 X 0 0 0 JULIA HEATON HEAD OF SCHOOL 50.00 X 268304 0 57995 SUZANNE BAUMGATEN DIRECTOR OF FINANCE & OPERATIONS 50.00 X 111404 0 30630 DIANE WORTIS DIRECTOR OF DEVELOPMENT & ALUMNAE RELATIONS 50.00 X 110546 0 29812 ELIZABETH CLEARY DEAN OF ACADEMICS & FACULTY 50.00 X 108199 0 42882 JULIE BRADLEY DIRECTOR OF ADMISSION & FINANCIAL AID 50.00 X 101167 0 29077 699620 0 190396 5 0 1 0 Pac Group LLC 126 South Main St Suite 200 Torrington CT 06790 Construction/General Contractors 8474978 Aramark Corporation 27310 Network Place chicago IL 60673 Food services 1023559 Thorpe Electric Supply Inc 27 Washington Street rensselaer NY 12144 electricians 119435 Pignatelli Electric POB 2153 lenox MA 01240 electricians 117618 Flansburgh Associates Inc 77 North Washington Street boston MA 02114 electricians 104500 5 6481407 113775 6481407 TUITION FEES 611710 10789150 10789150 OTHER PROGRAM REVENUE 611710 205729 205729 STUDENT FEES 611710 83068 83068 11077947 256306 256306 1504 0 1504 1504 1504 1097615 759554 1750 338061 -1750 336311 336311 8126 0 8126 8126 SUMMER BOARDING 721310 471908 471908 MISCELLANEOUS INCOME 611710 13864 13864 485772 18647373 11086073 471908 607985 3787919 3787919 475952 409946 66006 5869447 3885749 1521195 462503 266055 190633 75422 1108550 752178 356372 436826 288305 148521 74339 74339 42325 42325 51191 51191 82406 82406 16611 16611 25460 25460 53441 32706 20735 199339 46339 140455 12545 388085 341515 36868 9702 136114 21603 90411 24100 10037 10037 53962 45328 8634 922539 774933 147606 126873 126873 FOOD SERVICE 987206 987206 CONTRACTED SERVICES 347367 258180 68489 20698 SUPPLIES 328041 265227 12735 50079 STUDENT ACTIVITIES 311506 311506 483105 106043 242797 134265 16584696 12062664 3670208 851824 4110 4267 884934 1119445 3684406 4012880 91138 176477 41791 48548 143930 182465 43215483 11924490 27727186 31290993 11186500 13325258 1138938 1223217 44902933 51383550 1231073 769881 3977064 4250151 6157878 9703291 88427 130222 7020 3930 1688783 1743427 13150245 16600902 X 11116541 12955301 3456082 4352671 17180065 17474676 31752688 34782648 44902933 51383550 X 2062677 1368974 -401691 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12325355 894752 2088368 760000 14548475 12647083 815258 -301816 835170 12325355 19452405 705802 -282513 6981661 246950 12647083 17174930 729895 2576580 792000 237000 19452405 15906224 1274319 1759427 1765040 17174930 0.06500 0.92700 0.00800 0 0 457932 457932 30898181 9877624 21020557 2529173 2046866 482307 9330197 9330197 31290993 CONSTRUCTION COSTS PAYABLE 143888 INTEREST RATE SWAP AGREEMENT 344631 line of credit 1200000 liabilities under split-interest agreements 54908 1743427 X 15575236 1368974 1368974 14206262 82406 4358705 4441111 18647373 12545276 0 12545276 82406 3957014 4039420 16584696 Part IV, Line 2b: THE BALANCES INCLUDED IN AGENCY FUNDS PAYABLE REPRESENT FUNDS PLACED ON DEPOSIT WITH THE SCHOOL AS CUSTODIAN. Part V, Line 4: THE ENDOWMENT FUND IS AN INVESTMENT PORTFOLIO COMPRISED OF DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS. ITS PURPOSE IS TO GENERATE A TOTAL RETURN THAT PRESERVES THE VALUE OF THE DONOR-RESTRICTED FUNDS AFTER INFLATION & PROVIDE A RELATIVELY PREDICTABLE REVENUE STREAM TO BE USED FOR PURPOSES THAT REFLECT OUR MISSION. Part X, Line 2: The School had no uncertain tax positions at June 30, 2017 or 2016. The School's federal information returns prior to fiscal year 2014 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If the School had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statements of financial position. Part XI, Line 4b - Other Adjustments: Financial aid 3,787,919. Tuition remission 169,095. Change in value of mineral deed 15,568. Change in value of split-interest agreements 5,442. Change in value of interest rate swap 344,631. Provision for uncollectible pledges 36,050. Part XII, Line 4b - Other Adjustments: Financial aid 3,787,919. tuition remission 169,095. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 publications, applications, registration forms, newspaper advertisements and summer programs make reference to the school's racially nondiscriminatory policy. North America 0 0 Student recruiting - Finder's Fee TRAVEL AND EXPENSES TO RECRUIT STUDENTS TO ENROLL AT THE SCHOOL 5511 Europe (Including Iceland & Greenland) 0 0 STUDENT RECRUITING TRAVEL AND EXPENSES TO RECRUIT STUDENTS TO ENROLL AT THE SCHOOL 34161 Central America and the Caribbean 0 0 INVESTMENTS 1221911 0 0 0 0 0 0 1261583 0 1261583 0 0 0 0 0 0 Part I, line 3: EXPENSES REPORTED RELATE TO EMPLOYEE TRAVEL AND CONSULTANTS WORKING OVERSEAS TO RECRUIT STUDENTS TO ATTEND THE SCHOOL. THESE EXPENSES ARE TRACKED BY THE SCHOOL AND REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2017, IN ACCORDANCE WITH US GAAP. X X X X X X 1 GRAHAM-PELTON ASSOCIATES INC 39 BEECHWOOD ROAD SUMMIT NJ 07901 CONSULTING REGARDING FUNDRAISING 0 0 51191 -51191 51191 -51191 MA 1 STUDENT FINANCIAL AID/RESIDENT TUITION 128 3787919 SCHEDULE I PART 1V REQUEST FOR FINANCIAL ASSISTANCE ARE SUBMITTED THROUGH STUDENT SERVICE FOR FINANCIAL AID (SSSFA), AN ORGANIZATION OPERATED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. MISS HALL'S RECEIVES A REPORT DETAILING THE AMOUNT OF FINANCIAL NEED AS DETERMINED BY SSSFA. FINANCIAL ASSISTANCE AWARDS ARE BASED ON THIS REPORT. IN ADDITION, AN INTERNATIONAL ASSIST PROGRAM SENDS STUDENTS TO THE SCHOOL FROM FOREIGN COUNTRIES. ASSIST ALSO DETERMINES THE FINANCIAL NEED OF THOSE STUDENTS. X X X 0 1 X X X X X 0 0 0 0 0 0 0 0 1 0 JULIA HEATON HEAD OF SCHOOL 200972 0 0 0 67332 0 14218 0 43777 0 326299 0 0 0 ELIZABETH CLEARY DEAN OF ACADEMICS & FACULTY 108199 0 0 0 0 0 6650 0 36232 0 151081 0 0 0 Part I, Line 1a THE CURRENT HEAD OF SCHOOL AND DEAN OF SCHOOL AND DEAN OF ACADEMICS AND FACULTY, ARE REQUIRED AS A CONDITION OF EMPLOYMENT, TO BE RESIDENTS OF THE SCHOOLS BOARDING COMMUNITY. IN ORDER TO PERFORM THEIR DUTIES AND BE AVAILABLE TO FACUTY AND STUDENTS, AS ON CAMPUS HOUSING WAS A CONDITION OF EMPLOYMENT, IT HAS BEEN EXCLUDED FROM THE W-2 FORMS AS A TAX-FREE BENEFIT UNDER SEC 119. KEY EMPLOYEES HAVE SMALL DISCRETIONARY SPENDING ACCOUNTS FOR BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THE HEAD OF SCHOOL PERFORMS A SIGNIFICANT AMOUNT OF BUSINESS SERVICES SERVICES IN THE RESIDENCE, INCLUDING EVENTS FOR EMPLOYEES, FAMILIES, ALUMNAE, AND DONORS. IT IS ALSO NECESSARY FOR THE HEAD OF SCHOOL TO BE A PART OF THE RESIDENTIAL COMMUNITY OF THE SCHOOL, IN ORDER TO OVERSEE AND CONNECT TO THE RESIDENT STUDENTS AND EMPLOYEES. Part I, Line 8 the head of school assumed this position in July 2014. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-05-27 10000000 BUILDINGS AND STRUCTURES 0 0 0 A 113168 10000000 10000000 0 0 1 1 A 0 1 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 X 23 113775 MARKET QUOTATIONS 0 1 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. Part I, Line 32b: A THIRD PARTY ORGANIZATION IS USED TO SELL SECURITIES RECEIVED AS CONTRIBUTIONS PART 1 LINE 10 B. THE NUMBER OF SEPARATE STOCK CONTRIBUTIONS HAS BEEN REPORTED. Form 990, Part VI, Section B, line 11b THE FORM 990 WILL BE REVIEWED BY SUZANNE BAUMGARTEN, DIRECTOR OF FINANCE AND OPERATIONS, NANCY AULT, TRUSTEE AND CHAIR OF AUDIT COMMITTEE, AND AT LEAST ONE OFFICER OF THE CORPORATION. AN ELECTRONIC COPY OF FORM 990 WILL THEN BE MAILED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO THE FILING OF THE 990. HARD COPIES OF FORM 990 ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Section B, line 12c THE SCHOOL REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES TO COMPLETE THE CONFLICT OF INTEREST STATEMENT ANNUALLY. ANY BOARD MEMBER THAT HAS A POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO ABSTAIN FROM VOTING ON A PARTICULAR ISSUE. Form 990, Part VI, Section B, line 15 MHS USES OUTSIDE SOURCES FOR BENCHMARKING COMPENSATION LEVELS INCLUDING THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE), AS WELL AS PUBLIC SCHOOL COMPENSATION DATA. COMPENSATION FOR ALL TOP MANAGEMENT POSITIONS WAS BENCHMARKED IN DECEMBER 2014 USING NAIS AND OTHER INDUSTRY STATISTICS. MHS STRIVES TO MAINTAIN A COMPETITIVE SALARY AND BENEFITS PACKAGE. THEREFORE, OUR PACKAGE IS REGULARLY REVIEWED BY MANAGEMENT AND THE BOARD OF TRUSTEES, AS DATA IS AVAILABLE FOR REASONABLENESS AND COMPETITIVE WEIGHT. THE SALARY AND BENEFITS OF THE HEAD OF SCHOOL ARE SET BY THE BOARD OF TRUSTEES. COMPENSATION FOR ALL OTHER EMPLOYEES IS SET BY THE HEAD OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES ANNUALLY. tHE CONSIDERATIONS AND DELIBERATIONS ON DETERMINING SALARY ARE DOCUMENTED BY THE ORGANIZATION. Form 990, Part VI, Section C, line 19 ALL FORMS ARE MADE AVAILABLE TO PUBLIC INSPECTION UPON WRITTEN REQUEST MADE TO THE BUREAU OFFICE Form 990, Part XI, line 9: Change in value of mineral deed -15,568. Change in value of split-interest agreements -5,442. Change in value of interest rate swap -344,631. Provision for uncollectible pledges -36,050. FORM 990 PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED DURING THE FISCAL YEAR.