2016-02-08T13:51:19-06:00 2015-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2014-07-01 042620156 FALMOUTH ACADEMY INC FALM 5084579696 7 HIGHFIELD DRIVE FALMOUTH MA 025402345 PATRICIA DOON BUSINESS MANAGER 5084579696 2016-02-02 1 MICHELLE Y HATCH P01222458 7819821001 2016-02-01 2014 2016-08-17 19:52:53Z PATRICIA DOON 7 HIGHFIELD DRIVE FALMOUTH MA 025402345 8829933 0 X FALMOUTHACADEMY.ORG X 1977 MA HARNESSING THE POWER OF INSPIRED LEARNING IN A WORLD-RENOWNED SCIENTIFIC AND VIBRANT ARTISTIC COMMUNITY, FALMOUTH ACADEMY EMBOLDENS EACH STUDENT TO TAKE CREATIVE AND INTELLECTUAL RISKS TO CONFIDENTLY ENGAGE THE CHALLENGES OF OUR TIMES. 19 19 108 100 0 0 739305 1164522 5202319 5474171 135440 205169 72739 131388 6149803 6975250 1093043 1308078 0 0 3766252 3801462 0 0 526490 1208802 1374281 6068097 6483821 81706 491429 18626377 18964588 1981561 1727502 16644816 17237086 HARNESSING THE POWER OF INSPIRED LEARNING IN A WORLD-RENOWNED SCIENTIFIC AND VIBRANT ARTISTIC COMMUNITY, FALMOUTH ACADEMY EMBOLDENS EACH STUDENT TO TAKE CREATIVE AND INTELLECTUAL RISKS TO CONFIDENTLY ENGAGE THE CHALLENGES OF OUR TIMES. 0 0 4889090 1308078 5523491 THE ACADEMY'S PRIMARY MISSION IS THE EDUCATION OF STUDENTS ENROLLED IN GRADES 7 THROUGH 12. DURING THE CURRENT YEAR THE ACADEMY HAD ENROLLED 203 STUDENTS. 51572 83169 FALMOUTH ACADEMY OFFERS A SUMMER PROGRAM FOR STUDENTS OF ALL AGES AND SKILL LEVELS INVOLVING ACTIVITIES IN THE ARTS, SCIENCE AND ROBOTICS, ATHLETICS, LANGUAGES AND OUTDOOR ACTIVITIES. THE COURSES USUALLY LAST A WEEK AND RUN FOR SIX WEEKS FROM JUNE 30-AUGUST 7. 4940662 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 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 108 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 MA X PATRICIA DOON 5084579696 7 HIGHFIELD DRIVE FALMOUTH MA 02540 COLLEEN C JOHNS TRUSTEE 2.00 X 0 0 0 DR STEVEN W ATWOOD TRUSTEE 2.00 X 0 0 0 DR VICTOR M AVILES TRUSTEE 2.00 X 0 0 0 JIM TAYLOR TRUSTEE 2.00 X 0 0 0 JOSEF M KELLNDORFER TRUSTEE 2.00 X 0 0 0 JOSEPH VALLE TRUSTEE 2.00 X 0 0 0 LAURA RYAN SHACHOY TRUSTEE 2.00 X 0 0 0 MICHAEL G JONES TRUSTEE 2.00 X 0 0 0 SCOTT BROWN TRUSTEE 2.00 X 0 0 0 SHEILA GIANCOLA TRUSTEE 2.00 X 0 0 0 BRETT A SANIDAS TRUSTEE 2.00 X 0 0 0 CYNTHIA FELDMANN TRUSTEE 2.00 X 0 0 0 HENRIK GULMANN TRUSTEE 2.00 X 0 0 0 MARK A HUTKER TRUSTEE 2.00 X 0 0 0 SUSAN G MORSE TRUSTEE 2.00 X 0 0 0 BETH COLT TRUSTEE/BOARD CHAIR 2.00 X X 0 0 0 H RUSSEL LEMCKE TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 BEN ALLEN TRUSTEE/SECRETARY 2.00 X X 0 0 0 ROBERT M REYNOLDS TRUSTEE/TREASURER 2.00 X X 0 0 0 STEPHEN A DUFFY HEAD OF SCHOOL 40.00 X 84792 0 28274 WILLIAM POTTER BUSINESS MANAGER 40.00 X 87167 0 7735 MARK SEGAR INTERIM HEAD OF SCHOOL 40.00 X 148000 0 32386 319959 0 68395 1 0 1 0 JK SCANLAN CO 15 RESEARCH ROAD EAST FALMOUTH MA 02536 CONTRACTOR 1635530 CAPE DESTINATIONS 182 QUEEN ANNE ROAD HARWICH MA 02645 TRANSPORTATION 124514 2 56444 1108078 91089 1164522 TUITION AND FEES 611600 5306301 5306301 AUXILIARY INCOME 611600 84701 84701 SUMMER PROGRAM INCOME 611600 83169 83169 5474171 164738 164738 24145 0 24145 24145 24145 1832020 1791589 40431 40431 40431 37848 56444 63094 -25246 -25246 MISCELLANEOUS INCOME 611600 132489 132489 132489 6975250 5606660 0 204068 1308078 1308078 344045 189907 82855 71283 2409133 1645279 524510 239344 150449 103295 32659 14495 702505 477630 153324 71551 195330 130871 42973 21486 450 450 23215 23215 21688 21688 10511 10511 144144 100184 43960 140918 46785 50258 43875 2220 1110 555 555 72079 68475 2883 721 164291 164291 5891 5891 296501 281676 11860 2965 77005 51593 16941 8471 DEPARTMENTAL EXPENSES 142057 142057 REPAIRS AND MAINTENANCE 96218 91407 3849 962 INTERNATIONAL STUDENT E 79210 79210 PROFESSIONAL DEVELOPMEN 39392 26393 8666 4333 58491 26530 29472 2489 6483821 4940662 1016669 526490 187442 249828 3745023 1321418 335796 463204 3870 11071 150000 150000 84300 96331 12626025 4241824 6671570 8384201 7448376 8288535 18626377 18964588 488886 449771 1492675 1277731 1981561 1727502 X 10557271 11545390 3614392 3156645 2473153 2535051 16644816 17237086 18626377 18964588 491429 100841 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 4024753 732296 173679 123986 4806742 5090473 -962390 103330 4024753 3787243 1427564 68035 69814 122555 5090473 3077214 905190 64958 77572 182547 3787243 2745563 437803 486784 510049 82850 37 3077214 0.29560 0.51460 0.18980 0 0 250600 250600 8283227 3163724 5119503 812692 315830 496862 451090 400048 51042 2828416 362222 2466194 8384201 5746325 100841 -1329766 -1228925 6975250 0 6975250 5154055 0 5154055 21688 1308078 1329766 6483821 PART V, LINE 4: THE ACADEMY'S ENDOWMENT CONSISTS OF APPROXIMATELY 5 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY US GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A REASONABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE ENDOWMENT ASSETS ARE INVESTED WITH AN OBJECTIVE OF PRESERVING THE LONG-TERM, REAL PURCHASING POWER OF THE ASSETS WHILE PROVIDING A RELATIVELY PREDICTABLE AND GROWING STREAM OF ANNUAL DISTRIBUTION IN SUPPORT OF THE INSTITUTION. THE ENDOWMENT IS INVESTED IN A BALANCED PORTFOLIO OF EQUITIES AND FIXED INCOME INVESTMENTS. THE ACADEMY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION, AN AMOUNT THAT CONSIDERS THE DISTRIBUTION IN RELATION TO THE TOTAL PERCENTAGE OF THE ENDOWMENT, AS WELL AS THE LONG TERM EXPECTED RETURN ON ITS ENDOWMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AID -1,308,078. INVESTMENT EXPENSES -21,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 1,308,078. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN ALL LOCAL MEDIA ADVERTISEMENTS AND PRINTED LITERATURE, THE ACADEMY INCLUDES A STATEMENT OF ITS NONDISCRIMINATORY POLICY. THIS INCLUDES NEWSPAPERS AND BROADCAST MEDIA. ON AN ANNUAL BASIS, THE ACADEMY COLLABORATES WITH OTHER PRIVATE SCHOOLS TO PLACE A FULL PAGE AD IN THE BOSTON GLOBE. THIS AD SPECIFICALLY DECLARES THE ACADEMY HAS A RACIALLY NONDISCRIMINATORY POLICY. ANNUAL SPRING EVENT 94292 56444 37848 41886 4546 8891 400 7371 94292 56444 37848 41886 4546 8891 400 7371 63094 -25246 1 FINANCIAL AID 100 1308078 PART I, LINE 2: FINANCIAL AID GRANTS ARE APPLIED TO EACH INDIVIDUAL STUDENT'S ACCOUNT AS A REDUCTION IN THE TUITION BALANCE. ONCE THE STUDENT ACCEPTS THE GRANT, THE WRITTEN DOCUMENT IS SIGNED BY THE STUDENT AND THE SCHOOL. THE FIRST HALF OF THE FINANCIAL AID IS GIVEN TO THE STUDENT IN AUGUST AND THE SECOND HALF IS GIVEN IN DECEMBER. THE AMOUNT THE STUDENT HAS ACCEPTED IS TRACKED THROUGHOUT THE YEAR. FORM 990, SCHEDULE I, PART III, LINE A FINANCIAL AID IS DETERMINED BY THE FAMILY'S NEED. FALMOUTH ACADEMY USES SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (SSS BY NAIS) AS A BENCHMARK. THE FAMILY FILLS OUT A PERSONAL FINANCIAL STATEMENT AND UPLOADS TAX INFORMATION WITH THEIR APPLICATION THROUGH SSS BY NAIS. A COMMITTEE CONSISTING OF ADMISSIONS, THE BUSINESS MANAGER, HEAD OF SCHOOL AND FACULTY MEMBERS REVIEW THE APPLICATIONS AND OFFER ASSISTANCE BASED ON NEED. X 1 1 X X 0 0 0 0 0 0 0 0 0 MARK SEGAR INTERIM HEAD OF SCHOOL 148000 0 0 0 0 0 11840 0 20546 0 180386 0 0 0 STEPHEN DUFFY HEAD OF SCHOOL AS OF 7/1/14 TO PROVIDE A LOAN FOR PURCHASE OF PRINCIPAL RESIDENCE. X 150000 150000 0 1 1 150000 X 1 49203 FMV AT DONATION X AUCTION ITEMS 220 41886 FMV AT DONATION 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "AUCTION ITEMS" REPRESENTS THE NUMBER OF ITEMS DONATED. THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENTS THE NUMBER OF INDIVIDUALS WHO DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 ONCE THE 990 IS PREPARED, IT IS SCHEDULED FOR DISCUSSION AT THE NEXT FINANCE COMMITTEE MEETING. THE FINANCE COMMITTEE WILL REVIEW AND APPROVE THE RETURN FOR FILING. COPIES OF THE 990 WILL BE MADE AVAILABLE TO THE TRUSTEES AFTER APPROVAL. THE FORM 990 IS THEN SIGNED BY THE AUTHORIZED INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES MEETS ON AN ANNUAL BASIS TO EVALUATE THE HEADMASTER'S PERFORMANCE. THE BOARD CHAIR, FINANCE CHAIR AND EXECUTIVE COMMITTEE NEGOTIATE THE COMPENSATION FOR THE HEAD OF SCHOOL AND A LAWYER ON THE BOARD REVIEWS THE AGREEMENT TO MAKE SURE THE CONTRACT DOES NOT VIOLATE ANY LAWS. THIS PROCESS WAS LAST FOLLOWED IN OCTOBER 2013 TO SET THE SALARY FOR THE NEW HEAD OF SCHOOL WHOSE EMPLOYMENT BEGAN 7/1/2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.