2015-11-10T09:51:11-06:00 2015-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2014-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 PETER HENDEL BUSINESS MANAGER 6035361748 2015-11-06 1 ORESTE J MOSCA P00366101 6032245357 2014 2016-02-25 16:41:14Z PETER HENDEL CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 36359731 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 280. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 26 26 234 26 0 0 3763603 3470806 14613919 15420018 1976861 619226 0 0 20354383 19510050 3218304 3249682 0 0 8283658 9058546 0 0 1658337 6247449 6880491 17749411 19188719 2604972 321331 86444945 89531088 9366507 13429749 77078438 76101339 HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 14985279 3249682 15420018 PRIVATE SECONDARY SCHOOL WHICH SERVICED 280 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, TEACHING SUBJECTS USUALLY TAUGHT IN PUBLIC SCHOOLS. DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 14985279 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 73 0 1 234 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PETER HENDEL 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR HARRY SHEEHY MEMBER OF BOARD 2.00 X 0 0 0 MS SUSAN PAINE MEMBER OF BOARD 2.00 X 0 0 0 MR THOMAS PHILLIPS MEMBER OF BOARD 2.00 X 0 0 0 MR JAMES HAMBLIN CHAIRMAN OF BOARD 6.00 X X 0 0 0 MR PETER NORDBLOM MEMBER OF BOARD 4.00 X 0 0 0 MS JAN HAUSER MEMBER OF BOARD 2.00 X 0 0 0 MR CHRISTOPHER CARNEY TREASURER 2.00 X X 0 0 0 MR A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 MR RUSSELL CUSHMAN MEMBER OF BOARD 2.00 X 0 0 0 MR RICHARD NESBITT MEMBER OF BOARD 2.00 X 0 0 0 MR IAN SANDERSON MEMBER OF BOARD 2.00 X 0 0 0 MS JENNIFER ALFOND SEEMAN MEMBER OF BOARD 2.00 X 0 0 0 MS GRACE MACOMBER BIRD MEMBER OF BOARD 2.00 X 0 0 0 MR RANDOLPH DALES SECRETARY 2.00 X X 15875 0 0 MS TRACY GILLETTE MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT HALL MEMBER OF BOARD 2.00 X 0 0 0 MR JON BAUM MEMBER OF BOARD 2.00 X 0 0 0 MR GARY A SPIESS ESQ MEMBER OF BOARD 2.00 X 0 0 0 MR JEROME THOMAS MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 MS VICTORIA FREI MEMBER OF BOARD 2.00 X 0 0 0 MR ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 MS POPPY STAUB MEMBER OF BOARD 2.00 X 0 0 0 MR SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 MS CAROLYN CULLEN MEMBER OF BOARD 2.00 X 0 0 0 MR SANDEEP ALVA MEMBER OF BOARD 2.00 X 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 60.00 X 246681 0 112465 MR PETER HENDEL BUSINESS MANAGER 60.00 X 126887 0 42013 MR ROBERT CALDWELL EXEC DIR FOR ADVANCEMENT 60.00 X 174385 0 40091 563828 0 194569 3 0 1 0 CLAYTON DINGMAN 75 SUMMER STREET BRISTOL NH 03222 GRAPHIC DESIGN 183916 1 295000 3175806 1177801 3470806 TUITION AND FEES 900099 14453687 14453687 SUMMER PROGRAM REVENUE 900099 514606 514606 SCHOOL ACTIVITY REVENUE 900099 451725 451725 15420018 819950 819950 16638957 10000 16709823 139858 -70866 -129858 -200724 -200724 19510050 15420018 0 619226 3249682 3249682 445801 278698 167103 6399329 4416265 1085586 897478 502311 344527 91925 65859 1104119 762705 187443 153971 606986 308231 217333 81422 48948 48948 55759 55759 95191 95191 31095 941 232 29922 233435 72101 161334 146159 50217 25782 70160 290057 145029 87017 58011 1492523 1381649 110874 203903 159705 1432 42766 38765 33428 5337 108270 108270 1294961 1294961 169849 169849 RESIDENTIAL SERVICES 644002 644002 ATHLETICS 421188 421188 TUITION REMISSION 370150 370150 SUMMER PROGRAM 369526 369526 866710 715702 58931 92077 19188719 14985279 2545103 1658337 647 648 5473689 4821311 2239501 2122333 13343 15410 180111 153039 233748 206597 48866742 16989106 26192656 31877636 52039864 50267049 71386 67065 86444945 89531088 770821 1476680 3964108 4087032 4581578 7746637 50000 119400 9366507 13429749 X 33991964 34557044 21338905 19473714 21747569 22070581 77078438 76101339 86444945 89531088 X 321331 -1117376 -181054 X X 0 1 X 1 0 X 5109672 2144351 3512507 3763603 3470806 18000939 5109672 2144351 3512507 3763603 3470806 18000939 18000939 651554 547669 634356 551071 819950 3204600 21205539 69916448 0.84890 0.85890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49381068 389276 -462153 1011119 687991 184641 47424440 44442364 780609 5711548 827004 573402 153047 49381068 40760825 1128210 4150089 837632 600271 158857 44442364 46321896 351120 -4340802 795489 613377 162523 40760825 39227478 1383254 7241576 736171 629075 165166 46321896 0.22110 0.42250 0.35640 0 0 424972 424972 44114675 13633597 30481078 4327095 3355509 971586 31877636 INVESTMENTS - SECURITIES 47765293 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 2501756 F 50267049 DEFERRED COMPENSATION 119400 119400 X 15002606 -1117376 -170600 -1287976 16290582 95191 3124277 3219468 19510050 15979705 135859 135859 15843846 95191 3249682 3344873 19188719 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT-INTEREST AGREEMENTS -170,600. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,249,682. BAD DEBT EXPENSE 10,454. LOSS ON DISPOSAL OF ASSETS -135,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 135,859. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,249,682. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 93 3249682 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 246681 0 0 0 0 0 73108 0 39357 0 359146 0 0 0 MR PETER HENDEL BUSINESS MANAGER 126887 0 0 0 0 0 12006 0 30007 0 168900 0 0 0 MR ROBERT CALDWELL EXEC DIR FOR ADVANCEMENT 174385 0 0 0 0 0 36178 0 3913 0 214476 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 1600 3165059 79978 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 ROBIN PECK WIFE OF R. PHILLIP PECK, HEAD OF SCHOOL 20400 EMPLOYMENT FOR THE ORGANIZATION'S TAX YEAR 0 X 53 1172121 FMV ON DONATION DATE X FURNITURE/DECOR 5 5108 X PROFESSIONAL SPORTS EVENT TICKETS 1 572 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD AT THEIR OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -170,600. BAD DEBT EXPENSE -10,454. 990, PART XII, LN 2C AUDIT COMMITTEE OVERSIGHT OF THE AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.