2016-02-25T16:36:51-06:00 2015-06-30 042943536 Tonneson & Company Inc 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2014-07-01 042104926 Shore Country Day School SHOR 9789271700 545 Cabot Street Beverly MA 01915 Jennifer M Borggaard President 9789271700 2016-02-19 1 Cynthia P Almquist P01309212 7812459999 2016-02-19 2014 2016-08-17 19:52:53Z Jennifer M Borggaard 545 Cabot Street Beverly MA 01915 14658718 0 X www.shoreschool.org X 1936 MA To provide education to students in Pre-K to 9th Grade. 23 23 142 250 -2750 -2750 2518323 2046039 12167807 12253627 648716 296164 0 27590 15334846 14623420 1033649 1195561 0 0 8845781 9216899 0 0 435417 3565807 3901915 13445237 14314375 1889609 309045 42865010 41952668 7724261 6837104 35140749 35115564 To provide an education that inspires a love of learning and encourages children to embrace academic challenge. We seek to build character, cultivate creativity, and value diversity as we help our children become healthy, compassionate citizens of the world. 0 0 10756997 1195561 12006976 Shore Country Day School provides education to approximately 450 students in Pre-K to 9th Grade. 165445 246651 Auxiliary activities - SEA Shore, an after school program, provides a wide variety of opportunities for students. The program offers childcare, supervised study hall, and enrichment classes. Childcare provides a range of fun activities including sports, games, computers, arts and crafts, as well as educational experiences for students. Supervised study hall ia an option for students needing extra time to work on their homework in a quiet, supervised environment. Enrichment classes include private music lessons, mandarin chinese, tae kwon do, and woodworking. Also, the School offers a variety of camps including hockey, girls lacrosse, ceramics, and a variety of others. 10922442 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 142 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Roberta B Whiting 9789271700 545 Cabot Street Beverly MA 01915 X Jennifer M Borggaard President 5.00 X X 0 0 0 Joshua A Webber Vice President 5.00 X X 0 0 0 Duncan B Wilkinson Treasurer 5.00 X X 0 0 0 William M Shields Clerk 5.00 X X 0 0 0 Martha B Bacigalupo Trustee 3.00 X 0 0 0 William O Charman Trustee 3.00 X 0 0 0 John Collins Trustee 3.00 X 0 0 0 Robert J Duffy Trustee 3.00 X 0 0 0 Robin Ellis Trustee 3.00 X 0 0 0 Susan Fortin Trustee 3.00 X 0 0 0 Amy Foster Trustee 3.00 X 0 0 0 James A Hamilton Trustee 3.00 X 0 0 0 Julia Hesse Trustee 3.00 X 0 0 0 Courtney Kagan Trustee 3.00 X 0 0 0 Cynthia T Mazareas Trustee 3.00 X 0 0 0 Ledyard H McFadden Trustee 3.00 X 0 0 0 John J Meany Trustee 3.00 X 0 0 0 Fiona Minney Trustee 3.00 X 0 0 0 Santo Politi Trustee 3.00 X 0 0 0 Nicola CG Savignano Trustee 3.00 X 0 0 0 Elizabeth Skates Trustee 3.00 X 0 0 0 Richard Toran Jr Trustee 3.00 X 0 0 0 Patrick A Wilson Trustee 3.00 X 0 0 0 Lawrence A Griffin Head of School 40.00 X 304198 0 67290 Roberta B Whiting Chief Financial Officer 40.00 X 203500 0 48350 Marge Cregg Director of Advancement 40.00 X 122709 0 6135 Lee Carey Director of Admissions & Placement 40.00 X 116875 0 11687 Elizabeth MacCurrach Head of Lower School 40.00 X 117000 0 11700 Benjamin Kennedy Head of Upper School 40.00 X 117775 0 5775 982057 0 150937 8 0 1 0 0 2046039 73892 2046039 Tuition and fees 611600 12006976 12006976 Auxiliary activities 611710 246651 246651 12253627 189564 189564 8400 11150 -2750 -2750 -2750 130748 0 24148 130748 -24148 106600 -24148 130748 Other income 611710 30340 30340 30340 14623420 12259819 -2750 320312 1195561 1195561 742060 742060 6116711 4789907 1085406 241398 475455 332135 126597 16723 1395450 1121874 255985 17591 487223 340355 129731 17137 5000 5000 34534 34534 14194 14194 472429 341187 93680 37562 214178 95977 118201 270384 270384 173349 173349 26765 5408 18028 3329 141540 141540 1213387 1213387 Student related expense 409264 183193 202377 23694 Repairs and maintenance 339472 332360 7112 Professional developmen 179237 120725 19115 39397 Classroom related expen 134848 113616 21232 273334 137290 97458 38586 14314375 10922442 2956516 435417 421453 544726 1626528 1189690 1666593 1207162 4879 20879 45000 20000 205755 302371 34578326 9946479 24909322 24631847 13810711 13867465 174769 168528 42865010 41952668 215836 550011 584650 526548 6525000 5300000 76195 398775 384350 7724261 6837104 X 29974031 30320688 3676494 3303152 1490224 1491724 35140749 35115564 42865010 41952668 309045 -334230 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12233638 232390 -53257 416089 11996682 8404477 2682660 1453724 307223 12233638 7825664 69258 845896 336341 8404477 8224491 28320 -95833 331314 7825664 7063186 74777 1417076 330548 8224491 0.79440 0.20560 0.00000 0 0 159600 159600 32216490 8406017 23810473 2062153 1452479 609674 140083 87983 52100 24631847 Tuition deposits 384350 384350 X 13104779 -334230 11150 -323080 13427859 1195561 1195561 14623420 13129964 11150 11150 13118814 1195561 1195561 14314375 Part X, Line 2: In determining the recognition of uncertain tax positions, the School applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2015, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Rental Expenses 11,150. Part XI, Line 4b - Other Adjustments: Financial Aid 1,195,561. Part XII, Line 2d - Other Adjustments: Rental Expenses 11,150. Part XII, Line 4b - Other Adjustments: Financial Aid 1,195,561. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Policy is described in newspaper advertising. 1 Financial Aid 67 1195561 Part I, Line 2: Shore Country Day School monitors the use of financial assistance funds by directly applying awards/grants to the student bills as an offset to billed tuitions. No money ever physically exchanges hands between the school and the recipient. Thus, the general ledger must be in sync with the awards list at all times. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Lawrence A Griffin Head of School 304198 0 0 0 0 0 35000 0 32290 0 371488 0 0 0 Roberta B Whiting Chief Financial Officer 203500 0 0 0 0 0 28000 0 20350 0 251850 0 0 0 A Massachusetts Development Finance Agency 043431814 2012-06-28 4000000 Finance construction costs 0 0 0 B Massachusetts Development Finance Agency 043431814 2012-06-28 8500000 Finance construction costs 0 0 0 A 4000000 59920 3940080 0 0 1 1 B 7200000 8500000 127331 8372669 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 Lawrence A Griffin Head of School Purchase of Personal Residence X 170000 20000 0 1 1 20000 X 6 73892 Market Value 0 0 0 Form 990, Part VI, Section A, line 6 The parents of any child who is enrolled as a pupil of the school are members of the organization until such child ceases to be a pupil of the school. Form 990, Part VI, Section A, line 7a The members of the organization elect the trustees, treasurer and clerk. Form 990, Part VI, Section A, line 7b The members of the organization elect the trustees, treasurer and clerk. Form 990, Part VI, Section B, line 11 The Form 990 is presented to the compensation committee as directed by the board of directors. Form 990, Part VI, Section B, line 12c Shore Country Day School requires directors, officers, and key employees to complete a conflict of interest questionnaire every year. These individuals are asked to review the Conflict of Interest Policy at the same time. The completed forms are reviewed and any apparent conflicts are probed and resolved. The Board of Directors and staff are also vigilant during the year for any conflicts of interest which may arise in the period between completing the questionnaires. Form 990, Part VI, Section B, line 15 The process and policy for determining compensation for key employees at Shore Country Day School is as follows: The School has established a compensation committee to determine the compensation for key employees. The policy of the committee is to attract and retain key executive talent by providing a competitive total compensation package. In determining competitiveness, Shore Country Day School looks primarily to reviewing statistical data provided by the Independent School Data Exchange (INDEX). The Compensation Committee of the Board of Directors reports the process to the Board of Directors as well as any major changes in the School's benefit plans applicable to key executives of Shore Country Day School. "Key executive" is defined as Headmaster and Chief Financial Officer. The Compensation Committee documents the basis for its determination of the reasonable compensation for those key executives under its review and the basis for determining that the compensation of the executive was reasonable in light of market data. The Compensation Committee reports to the Board of Directors on an annual basis. The Board of Directors periodically reviews the membership of the Compensation Committee with a view to making sure that no member is subject to a conflict of interest which would make his or her participation in the review of compensation inappropriate. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, financial statements and Form 990 are immediately made available to the public by calling the School's office, walking into the School's office or mailing in a request to the School. The Form 990 and financial statements are also available through the Massachusetts Attorney General's office/website.