2017-02-15T09:19:49-06:00 2016-06-30 135381590 BDO USA LLP TWO INTERNATIONAL PLACE BOSTON MA 02110 990 2015-07-01 042502446 JAMES F FARR ACADEMY INC JAME 6174972620 71 PEARL STREET CAMBRIDGE MA 02139 MICHAEL T CULHANE PRESIDENT 6174972620 2017-01-26 1 JEFFREY T ROGERS P01074284 6174220700 2015 2021-01-29 14:40:06Z MICHAEL T CULHANE 71 PEARL STREET CAMBRIDGE MA 02139 6088141 0 X WWW.FARRACADEMY.ORG X 1972 MA PROVIDER OF EDUCATIONAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH SPECIAL NEEDS. 9 6 132 0 0 0 76409 85640 6125308 5967849 267058 12145 8784 6486 6477559 6072120 0 0 0 0 4348284 4322746 0 0 0 1517445 1363438 5865729 5686184 611830 385936 1943831 2220759 1724347 1625093 219484 595666 X PROVIDER OF EDUCATIONAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS. 0 0 1935497 2406934 DAY SCHOOL FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS; AN AVERAGE OF 32 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2015. 153194 180574 SUMMER PROGRAM FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS; AN AVERAGE OF 24 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2015. 2756732 3338762 RESIDENTIAL CARE SERVICES FOR INDIVIDUALS WITH SPECIAL BEHAVIORAL AND EMOTIONAL NEEDS; AN AVERAGE OF 23 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2015. FARR WORKS AND LUNCH PROGRAM REVENUE 4845423 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 14 2 1 132 1 0 0 0 0 0 1 1 0 0 0 0 X 9 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X THE ORGANIZATION 6174972620 71 PEARL STREET CAMBRIDGE MA 02139 MICHAEL T CULHANE CHIEF EXECUTIVE OFFICER/TR 40.00 X X 238779 0 19438 THOMAS F CULHANE TREASURER/EXECUTIVE DIRECT 40.00 X X 301397 0 7403 BONNIE K CULHANE PROGRAM ADVISOR/TRUSTEE 40.00 X X 108154 0 7380 JOHN G SERINO ASSISTANT CLERK/TRUSTEE 1.00 X X 0 0 0 JOHN KILEY TRUSTEE 1.00 X 0 0 0 KENNETH L SULLIVAN TRUSTEE 1.00 X 0 0 0 DOUGLAS DICERBO CLERK/TRUSTEE 1.00 X X 0 0 0 DEAN LUCENTE TRUSTEE 1.00 X 0 0 0 CRAIG LOOMIS TRUSTEE 1.00 X 0 0 0 648330 0 34221 3 0 1 0 US FOODS 3101 PARK CENTER DRIVE ALEXANDRIA VA 22302 CONCESSIONS/FOOD 100114 1 65300 2200 18140 85640 PROGRAM SERVICE REVENU 900099 5967849 5967849 5967849 4714 4714 7431 0 7431 7431 7431 0 65300 16021 -16021 -16021 OTHER INCOME 611600 22507 22507 22507 6072120 5997787 0 -11307 354962 354962 3041845 3041845 925939 759979 165960 409042 374710 34332 164031 121010 43021 94049 16235 77814 23083 20908 2175 40112 22874 17238 SUPPLIES AND EXPENSES N 497977 428140 69837 STAFF TRAINING 135144 59722 75422 5686184 4845423 840761 0 761820 1229018 485508 313867 103716 93116 87386 81429 987443 856539 151812 130904 188027 188406 165562 184019 1943831 2220759 420688 354261 14994 10185 1154665 1213281 134000 47366 1724347 1625093 X 197261 573443 12121 12121 10102 10102 219484 595666 1943831 2220759 385936 -9754 0 X 0 1 X 1 1 1 X 0 1 X 10102 10102 10102 10102 10102 10102 10102 10102 10102 10102 1.00000 0 0 39200 39200 462748 389877 72871 389022 375660 13362 96473 91002 5471 130904 CUSTODIAL FUNDS 10185 ACCOUNTS RECEIVABLE - OTHER 11341 CASH SURRENDER VALUE 162493 184019 UNSECURED N/P - DUE TO FARR FOUNDATION 47366 47366 X 6078387 -9754 -9754 6088141 -16021 -16021 6072120 5702205 16021 16021 5686184 0 5686184 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS CUSTODIAL FUNDS FOR THE CLIENTS OF ITS RESIDENTIAL PROGRAM. THESE FUNDS, WHICH ARE PROVIDED BY THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES, ARE DESIGNED FOR BASIC CLIENT NEEDS SUCH AS CLOTHING AND OTHER PERSONAL ITEMS AND ARE OVERSEEN BY ORGANIZATION PERSONNEL. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF FUNDS THAT WERE RESTRICTED BY DONORS TO BE MAINTAINED IN PERPETUITY. INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR PROGRAM RELATED ACTIVITIES. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -16,021. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 16,021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENTS IN NEWSPAPERS, TRADE PUBLICATIONS, AND SCHOOL ASSOCIATION BOOKLETS AND MATERIALS. SCHEDULE E, LINE 6 JAMES F. FARR ACADEMY, INC. OPERATES A PRIVATE DAY SCHOOL (FARR ACADEMY) THAT IS APPROVED BY THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION AND, AS SUCH, RECEIVES FUNDING FROM VARIOUS CITIES AND TOWNS WITHIN MASSACHUSETTS. THE SEVENS AUCTION 21110 21110 94 GOLF TOURNAMENT 43990 43990 15927 1 200 200 65300 65300 16021 16021 -16021 X X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL T CULHANE CHIEF EXECUTIVE OFFICER/TR 233391 0 0 0 5388 0 0 0 19438 0 258217 0 0 0 THOMAS F CULHANE TREASURER/EXECUTIVE DIRECT 296381 0 0 0 5016 0 0 0 7403 0 308800 0 0 0 THOMAS F CULHANE PRESIDENT/TREASURER/EXECUTIVE DIRECTOR SPLIT DOLLAR LIFE INSURANCE PREMIUM X 103716 93116 0 1 1 93116 THOMAS F CULHANE PRESIDENT/TREASURER/EXECUTIVE DIRECTOR 112283 THE ORGANIZATION LEASES THE TWO FACILITIES USED BY THE AGAPE INN RESIDENTIAL CARE PROGRAM FROM ITS EXECUTIVE DIRECTOR UNDER AN AGREEMENT THAT EXPIRES AUGUST 31, 2016. UNDER THE TERMS OF THE LEASE, WHICH WAS APPROVED BY THE BOARD OF TRUSTEES, THE ORGANIZATION IS REQUIRED TO PAY FOR SUBSTANTIALLY ALL OF THE COSTS RELATED TO THE PREMISES. PAYMENTS MADE TO THE EXECUTIVE DIRECTOR UNDER THIS LEASE TOTALED $112,283 DURING THE YEAR ENDED JUNE 30, 2016. THERE WERE NO AMOUNTS DUE TO THIS ARRANGEMENT AT JUNE 30, 2016. 0 FORM 990, PART IV, LINE 26 SPLIT DOLLAR LIFE INSURANCE PREMIUM IS DUE FROM THE EXECUTIVE DIRECTOR, NET OF THE CASH SURRENDER VALUE, AND IS SECURED BY AN ASSIGNMENT OF THE INSURANCE POLICY. FORM 990, PART VI, SECTION A, LINE 2 THOMAS F. CULHANE (PRESIDENT/TREASURER/EXECUTIVE DIRECTOR) IS MARRIED TO BONNIE K. CULHANE (PROGRAM ADVISOR/TRUSTEE). MICHAEL T. CULHANE (CHIEF EXECUTIVE OFFICER/TRUSTEE) IS THE SON OF THOMAS F. AND BONNIE K. CULHANE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY COMMENTS RESULTING FROM THE REVIEW PROCESS ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE EFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS IN CONNECTION WITH THE ORGANIZATION'S BUDGETING PROCESS. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR USING DATA FOR COMPARABLE ORGANIZATIONS AND MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES FOR APPROVAL. SUCH DELIBERATIONS AND DECISIONS ARE RECORDED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY WAY OF THE WEBSITES OF CERTAIN REGULATORY AGENCIES. FARR FOUNDATION INC 71 PEARL STREET CAMBRIDGE MA 02139 043364089 TO PROVIDE FINANCIAL SUPPORT TO REPORTING ORGANIZATION MA 501(C)(3) 7 N/A 0 BROOKLINE INFANT TODDLER CENTER INC 1900 COMMONWEALTH AVE NEWTON MA 02166 042625150 PROVIDER OF PRESCHOOL PROGRAMS TO PRE-KINDERGARTEN CHIDLREN MA 501(C)(3) 9 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 FARR FOUNDATION INC E 101994 FAIR MARKET VALUE BROOKLINE INFANT TODDLER CENTER INC Q 563000 COST