2015-02-16T06:44:03-06:00 2014-06-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2013-07-01 042104328 COTTING SCHOOL INC COTT 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 DAVID W MANZO PRESIDENT/EXECUTIVE DIRECTOR 7818627323 2015-02-12 1 JOSEPH P GREENE P00632697 7813564800 2013 2016-02-25 16:41:14Z DAVID W MANZO 453 CONCORD AVENUE LEXINGTON MA 02421 43452980 0 X WWW.COTTING.ORG X 1893 MA TO EDUCATE CHILDREN AND ADULTS WHO HAVE PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING. 13 12 187 19 0 0 2058654 795383 7966398 8323468 9759526 1824154 212470 280842 19997048 11223847 0 0 0 0 9094976 9477412 0 0 356138 2596303 2473052 11691279 11950464 8305769 -726617 84914075 96142668 4348006 5072315 80566069 91070353 X TO ENABLE STUDENTS WITH SPECIAL NEEDS TO ACHIEVE THEIR HIGHEST LEARNING POTENTIAL AND LEVEL OF INDEPENDENCE. 1 0 8999066 8152797 DAY/SUMMER PROGRAM - COMPREHENSIVE PRIMARY, MIDDLE, UPPER AND POST GRADUATE EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUNG ADULTS WHO HAVE VARIED PHYSICAL, COMMUNICATION AND OTHER CHALLANGES TO LEARNING. APPROXIMATELY 103 CLIENTS SERVED. 205981 232600 ASSISTIVE TECHNOLOGY ASSESSMENT CENTER - PROVIDES TECHNOLOGY-FOCUSED ASSESSMENT, CONSULTATION AND PROFESSIONAL DEVELOPMENT TO IMPROVE CURRICULUM ACCESS AND FUNCTIONAL INDEPENDENCE TO STUDENTS WITH A WIDE RANGE OF PHYSICAL, COMMUNICATION, AND LEARNING DISABILITIES AND COMPLEX MEDICAL CONDITIONS. APPROXIMATELY 83 CLIENTS SERVED. 382392 175106 HOPEHOUSE- PROVIDES ACADEMIC, VOCATIONAL AND COMMUNITY EXPERIENCES TO INDIVIDUALS AGES 17-22 IN A 180 DAY BOARDING SCHOOL ENVIRONMENT. APPROXIMATELY 2 INDIVIDUALS SERVED. 9587439 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 187 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MR MICHAEL PEMBROKE 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 STUART A RANDLE TRUSTEE 1.00 X 0 0 0 MICHAEL K DURKIN TRUSTEE 1.00 X 0 0 0 MAKEEBA MCCREARY TRUSTEE 1.00 X 0 0 0 HENRY W CLARK PHD ESQ TRUSTEE 1.00 X 0 0 0 RICHARD C KEELEY TRUSTEE 1.00 X 0 0 0 KATHERINE MARTIEN MD TRUSTEE 1.00 X 0 0 0 JOAN I THORNDIKE TRUSTEE 1.00 X 0 0 0 JOHN F DRAKE TRUSTEE 1.00 X 0 0 0 DAVID W MANZO PRESIDENT/EXECUTIVE DIRECTOR 45.00 X 279134 0 43209 DAVID C CUSHING CFA CHAIRMAN 1.00 X 0 0 0 D ELIOT KLEIN SECRETARY 1.00 X 0 0 0 ALEXANDER THORNDIKE TREASURER 1.00 X 0 0 0 MICHAEL PEMBROKE CFO 45.00 X 151824 0 37238 PAUL GOODOF TRUSTEE 1.00 X 0 0 0 BRIDGET IRISH COO 45.00 X 155301 0 10230 KRISTA MACARI CAO 45.00 X 151408 0 22160 LEAH THIBODEAU SPECIAL EDUCATION COORDINATOR 45.00 X 102082 0 25329 ELIZABETH PETERS DIRECTOR OF ANNUAL GIVING 45.00 X 107558 0 13087 947307 0 151253 6 0 1 0 PAUL BRYAN 28 CONCORD CROSSING CONCORD MA 01742 COMPUTER SERVICES 113410 1 17300 2800 775283 10426 795383 TUITION 611710 8323468 8323468 8323468 1401460 1401460 32633959 32211265 422694 422694 422694 17868 17300 17868 0 OTHER INCOME 611710 280842 280842 280842 11223847 8604310 0 1824154 540039 510264 29775 6578175 5796637 625934 155604 440751 403725 37026 1372487 1213702 128073 30712 545960 462527 71764 11669 43846 43846 143509 143509 128990 97648 24456 6886 758793 681527 56950 20316 61630 56650 3497 1483 560930 510346 41653 8931 34106 34106 MISCELLANEOUS PROGRAM A 606882 305417 285809 15656 PROGRAM SUPPORT 134366 59260 75106 11950464 9587439 2006887 356138 X 1216206 1743594 534 882 116236 180657 922855 452476 28745 67783 17110314 13649927 3100958 3460387 66591272 77249349 11186441 11058730 1750828 1928810 84914075 96142668 693045 757767 3315 0 3651646 4314548 4348006 5072315 X 67776039 77553554 6386852 6831361 6403178 6685438 80566069 91070353 84914075 96142668 X -726617 11680682 -449781 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 15 4.00 1 0 2.00 73801867 57522 13298238 -2100000 85057627 70358096 891851 4791920 -2240000 73801867 73714713 2328 -1383945 -1975000 70358096 62561407 5166 13123140 -1975000 73714713 57867370 767864 5251173 -1325000 62561407 0.91000 0.05000 0.04000 0 0 240885 240885 15198832 12492112 2706720 1670597 1157815 512782 3460387 PARTNERSHIPS AND JOINT VENTURES 11058730 F 11058730 LONG-TERM ACCRUED POST RETIREMENT BENEFITS 4093937 LONG-TERM ACCRUED DEFERRED COMPENSATION 220611 4314548 X 22922397 11680682 17868 11698550 11223847 0 11223847 12418113 449781 17868 467649 11950464 0 11950464 PART II, LINE 9: THERE ARE NO APPLICABLE AMOUNTS IN CONNECTION WITH THE ORGANIZATION'S EASEMENTS THAT ARE REQUIRED TO BE REPORTED IN ITS FINANCIAL STATEMENTS. PART V, LINE 4: TO FURTHER ENHANCE THE EDUCATIONAL MISSION OF THE ORGANIZATION AND PROVIDE FOR LONG TERM STABILITY. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE INSTITUTION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE INSTITUTION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE INSTITUTION HAS ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT, AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE INSTITUTION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 17,868. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 17,868. 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 ADVERTISEMENT IN LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE INSTITUTION CONTRACTS WITH MASSACHUSETTS LOCAL EDUCATIONAL AUTHORITIES TO PROVIDE EDUCATIONAL TRAINING TO STUDENTS WITH SPECIAL NEEDS. SEE FORM 990, PART III FOR DESCRIPTION OF SERVICES. BTSF 35168 17300 17868 17868 35168 17300 17868 17868 17868 0 X X X X 0 0 0 0 0 0 0 0 0 DAVID W MANZO PRESIDENT/EXECUTIVE DIRECTOR 279134 0 0 0 0 0 26810 0 16399 0 322343 0 0 0 MICHAEL PEMBROKE CFO 151824 0 0 0 0 0 15172 0 22066 0 189062 0 0 0 BRIDGET IRISH COO 155301 0 0 0 0 0 9140 0 1090 0 165531 0 0 0 KRISTA MACARI CAO 151408 0 0 0 0 0 11392 0 10768 0 173568 0 0 0 FORM 990, PART III, LINE 2 THE INSTITUTION OPENED A NEW PROGRAM, HOPE HOUSE, DURING 2014. THIS PROGRAM IS DESCRIBED IN PART III, LINE 4C. FORM 990, PART VI, SECTION A, LINE 2 JOAN THORNDIKE AND ALEXANDER THORNDIKE HAVE A FAMILY RELATIONSHIP AND ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S PRESIDENT/EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER AND BOARD OF TRUSTEES REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED 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 DIRECTORS 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 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 AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES USES A COMPETENT SALARY SURVEY, SUCH AS GUIDESTAR, TO COMPARE COMPENSATION FOR THE PRESIDENT OF THE INSTITUTION WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. THE CHAIR MAY ALSO SOLICIT INPUT FROM OTHER TRUSTEES, OR CONVENE A COMPENSATION COMMITTEE REGARDING THE PRESIDENT'S PERFORMANCE AND COMPENSATION. THE CHAIR WILL THEN PRESENT HIS/HER FINDINGS AND RECOMMENDATIONS IN AN EXECUTIVE SESSION WITHOUT THE PRESIDENT PRESENT, TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE FULL BOARD WILL DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF THE PRESIDENT'S COMPENSATION. IT IS THE RESPONSIBILITY OF THE PRESIDENT TO PROPOSE COMPENSATION OF SENIOR MANAGEMENT EMPLOYEES IN ACCORDANCE WITH THE BUDGET APPROVED BY THE BOARD OF TRUSTEES. ANNUALLY, THE PRESIDENT, IN EXECUTIVE SESSION OF THE FULL BOARD, WILL PROPOSE HIS ADJUSTMENTS TO THE COMPENSATION OF SENIOR MANAGEMENT, ALONG WITH A PRESENTATION OF A COMPETENT SALARY SURVEY, SUCH AS GUIDESTAR, TO DEVELOP BENCHMARK COMPENSATION FOR SENIOR MANAGEMENT. COMPENSATION FOR SENIOR MANAGEMENT WILL BE COMPARED WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. UTILIZING THIS INFORMATION, THE BOARD OF TRUSTEES WILL APPROVE THE COMPENSATION OF SENIOR MANAGEMENT AND DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF SENIOR MANAGEMENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE WEBSITES OF CERTAIN STATE REGULATORY AGENCIES AS WELL AS UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NON-OPERATING POSTRETIREMENT BENEFIT PLAN LOSS -449,781.