2015-09-28T14:27:54-05:00 2015-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2014-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 D THOMAS HEALEY PRESIDENT 6037356000 2015-09-25 1 W JAY SIMMS P00435321 6036530044 2015-09-24 2014 2016-02-25 16:41:14Z MICHAEL HENRIQUES PO BOX 500 ANDOVER NH 03216 29642659 0 X PROCTORACADEMY.ORG X 1848 NH TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIMENTAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 25 25 333 150 153944 -103760 2499508 8028041 19185272 20162977 1167115 1078875 19410 54741 22871305 29324634 3273535 3470230 0 0 9484943 11947746 0 0 1216941 9707040 8247424 22465518 23665400 405787 5659234 61312669 66332204 19167806 19319197 42144863 47013007 X TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIMENTAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 13703842 3470230 20166561 EDUCATING 360 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 13703842 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 133 0 1 333 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PROCTOR ACADEMY 6037356000 BUSINESS OFFICE 204 MAIN ST ANDOVER NH 03216 ELIZABETH BLODGETT-SMITH VICE PRESIDENT 1.00 X X 0 0 0 WILBUR BOLTON III TRUSTEE 1.00 X 0 0 0 KAREN BONEWALD TREASURER 1.00 X X 0 0 0 IDOLINE DUKE TRUSTEE 1.00 X 0 0 0 ALEXANDRA ESTIN TRUSTEE 40.00 X 34454 0 9288 THOMAS HEALEY PRESIDENT 1.00 X X 0 0 0 SHAWN HURWITZ TRUSTEE 1.00 X 0 0 0 CHRISTINE JOHNSON TRUSTEE 1.00 X 0 0 0 ANDREA JOHNSTONE CLERK 1.00 X X 0 0 0 KATIE KIDDER TRUSTEE 1.00 X 0 0 0 KEVIN LYNCH TRUSTEE 1.00 X 0 0 0 TIM MINER TRUSTEE 1.00 X 0 0 0 MATTHEW NATHANSON TRUSTEE 1.00 X 0 0 0 PHILIP PASTAN TRUSTEE 1.00 X 0 0 0 CHRIS RAY TRUSTEE 1.00 X 0 0 0 GREG SAMAHA TRUSTEE 1.00 X 0 0 0 R OLIVER SCHWAB JR TRUSTEE 1.00 X 0 0 0 JOHN SHEEHY TRUSTEE 1.00 X 0 0 0 MARY ELLEN SHEEHY TRUSTEE 1.00 X 0 0 0 STEPHEN THEROUX TRUSTEE 1.00 X 0 0 0 RICHARD WAGNER TRUSTEE 1.00 X 0 0 0 TRAVIS WARREN TRUSTEE 1.00 X 0 0 0 GREGORY WEISSMAN TRUSTEE 1.00 X 0 0 0 PAUL WHYTE TRUSTEE 1.00 X 0 0 0 MARY PRESSMAN TRUSTEE 1.00 X 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 40.00 X 251999 0 84336 JOHN FERRIS CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 158910 0 27104 KEITH BARRETT DIRECTOR OF DEVELOPMENT 40.00 X 121726 0 29517 567089 0 150245 3 0 1 0 0 8028041 195708 8028041 TUITION & FEES 611710 18955021 18955021 SUMMER PROGRAM REVENUE 611710 632613 632613 PROGRAM SUPPORT REVENU 611710 575343 575343 20162977 506097 506097 32916 18321 14595 14595 14595 548387 24391 0 0 548387 24391 572778 572778 25043 13072 11971 11971 157279 286632 -129353 -129353 SKI HILL INCOME 713990 83722 3584 80138 HOCKEY RINK INCOME 713940 52967 52967 GORDON RESEARCH CONFER 722410 20839 20839 157528 29324634 20166561 153944 976088 3470230 3470230 475495 475495 8701295 5834263 2241312 625720 504320 341300 126416 36604 1629496 1045693 471653 112150 637140 406782 186731 43627 105350 105350 38669 38669 112425 112425 33603 33603 27097 23037 4060 230629 27516 203113 189064 189064 1760842 1760842 109646 39870 69776 372699 372699 1961942 1961942 260070 241281 18789 OFF-CAMPUS PROGRAMS 737384 737384 INSTRUCTIONAL ATHLETICS 543717 543717 MISCELLANEOUS 316624 6732 175143 134749 GENERAL INSTRUCTION 314468 314468 1133195 734476 208464 190255 23665400 13703842 8744617 1216941 437116 307761 1840968 4636558 116503 403099 260864 280269 185594 521162 56796126 23947297 33495730 32848829 23394311 25770395 787500 787500 794083 776631 61312669 66332204 1365343 1967785 3430404 4851244 10221547 9968503 106473 68087 4044039 2463578 19167806 19319197 X 23144498 24678343 4747909 7297321 14252456 15037343 42144863 47013007 61312669 66332204 X 5659234 -758148 -32942 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22096968 813000 163993 1056000 22017961 19929702 382534 2800062 1015330 22096968 18719162 406562 1820978 1017000 19929702 19978434 456437 -753709 962000 18719162 17733643 262210 3091581 1109000 19978434 0.28420 0.66420 0.05160 0 0 3744670 3744670 45182323 19527492 25654831 7869133 4419805 3449328 32848829 CAPITAL LEASE OBLIGATIONS 49573 RETIREMENT OBLIGATIONS 414005 SHORT-TERM NOTES PAYABLE 2000000 2463578 X 25114978 -758148 -153936 -912084 26027062 112425 3185147 3297572 29324634 20246834 318025 318025 19928809 112425 3624166 3736591 23665400 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT WITH REGARD TO UNRELATED BUSINESS INCOME, WHICH IS TAXED AT CORPORATE INCOME TAX RATES. ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE SCHOOL HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2011 PART XI, LINE 2D - OTHER ADJUSTMENTS: PLEDGE VALUATION ALLOWANCE -116,601. SPLIT INTEREST AGREEMENT VALUATION ALLOWANCE -37,335. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,470,230. FUNDRAISING EXPENSES -13,072. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES 32,942. RENTAL EXPENSES -18,321. BOOKSTORE COST OF SALES -286,632. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 286,632. RENTAL EXPENSES 18,321. FUNDRAISING EVENT EXPENSES 13,072. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,470,230. PLEDGE VALUATION ALLOWANCE 116,601. SPLIT INTEREST AGREEMENT VALUATION ALLOWANCE 37,335. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PROCTOR ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE CONCORD MONITOR NEWSPAPER ANNUALLY IN SEPTEMBER. THE POLICY IS PUBLICIZED ON THE PROCTOR ACADEMY'S WEBSITE. FRANCE 1 2 PROGRAM SERVICES STUDY ABROAD TERM 176066 SPAIN 1 2 PROGRAM SERVICES STUDY ABROAD TERM 242586 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TERM 73838 GUATEMALA 0 4 PROGRAM SERVICES SUMMER COMMUNITY SERVICE TRIP 27201 2 8 0 0 2 8 519691 0 519691 0 0 0 0 0 0 ANNUAL GOLF TOURNAMENT 25043 25043 7649 5423 25043 25043 7649 5423 13072 11971 0 FINANCIAL AID & TUITION REMISSION. 142 3470230 FMV SCHOLARSHIPS AND OTHER FINANCIAL AID FOR STUDENTS. SCHEDULE I, LINE 2 THE DIRECTOR OF FINANCIAL AID MAINTAINS THE RECORDS, AND THE CHIEF FINANCIAL & OPERATING OFFICER CONFIRMS THE TOTAL FINANCIAL AID TO THE BUDGETED AMOUNT. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 251999 0 0 0 0 0 17936 0 66400 0 336335 0 0 0 JOHN FERRIS CHIEF FINANCIAL & OPERATING OFFICER 158910 0 0 0 0 0 11088 0 16016 0 186014 0 0 0 KEITH BARRETT DIRECTOR OF DEVELOPMENT 121726 0 0 0 0 0 8641 0 20876 0 151243 0 0 0 PART I, LINE 1A ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. AS A CONDITION OF EMPLOYMENT AS HEAD OF SCHOOL AND IN ORDER TO FULFILL RESPONSIBILITIES AS HEAD OF SCHOOL, AND FOR THE CONVENIENCE OF THE SCHOOL THE HEAD OF SCHOOL WILL BE PROVIDED WITH HOUSING ON THE MAIN CAMPUS OF THE SCHOOL, WHICH INCLUDES PAYMENT OF ALL UTILITIES. A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 644614AG5 2010-12-15 10175000 FINANCE EXISTING DEBT AND SUBSIDIZE DEFERRED MAINTENANCE PROJECTS 1 0 0 B STATE OF NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY 521304598 64468KAD8 2010-12-15 518667 FINANCE EXISTING DEBT AND SUBSIDIZE DEFERRED MAINTENANCE PROJECTS 1 0 0 A 10175000 2010 0 0 0 1 B 518667 2010 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 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 23 151727 FAIR MARKET VALUE X GIFTS-IN-KIND 50 43981 FMV 0 1 1 PART I, LINE 32B: PROCTOR HAS AN ACCOUNT AT MORGAN STANLEY AND ALL STOCK GIFTS ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THE FINANCE COMMITTEE INCLUDING THE PRESIDENT AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE ASKED ANNUALLY TO REPORT ON ANY CONFLICTS OF INTERESTS THAT THEY MAY HAVE. THAT INFORMATION IS ANNOUNCED PUBLICLY TO THE REST OF THE BOARD AND POSTED INTO THE NEWSPAPER. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE -32,942.