2015-02-11T10:53:02-07:00 2014-06-30 990 2013-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2015-02-11 2013 2016-02-25 16:41:14Z Jay Bounty Belmont Hill School 350 Prospect Street Belmont MA 02478 38286434 0 X www.belmonthill.org X 1923 MA Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility and a passion for lifelong learning. 35 34 286 300 -265444 -250382 13632771 11782540 18385182 18316552 717644 784927 -336823 -378489 32398774 30505530 3515827 3500089 0 0 13011584 13078775 0 0 1910789 15381789 9118970 31909200 25697834 489574 4807696 147583951 169722365 47104732 49718039 100479219 120004326 Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty, and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage, and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility, and a passion for lifelong learning. 0 0 17714284 3457762 17224093 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. 741969 42327 1052309 Educational institutions and related activities: Educated 550 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. Instructional program for another 601 boys and girls, ages 6 to 14, in athletic skills camps and art workshops, one to three weeks in length with emphasis on instruction and skill development. 0 0 0 18456253 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 91 0 1 286 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Naomi Aberly Trustee 1 0 X 0 0 0 Dewey Awad Trustee 1 0 X 0 0 0 David Bright Trustee 1 0 X 0 0 0 William Byrnes Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 Frederick Chicos Trustee 1 0 X 0 0 0 John Connors III Trustee 1 0 X 0 0 0 John Connors Jr Trustee 1 0 X 0 0 0 Roy Coppedge III Trustee 1 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Jeffrey Drucker Trustee 1 1 X 0 0 0 Ronald Druker Trustee 1 0 X 0 0 0 Sandra Fenwick Trustee 1 0 X 0 0 0 Warren Fields Trustee 1 0 X 0 0 0 Ruthanne Fuller Trustee 1 0 X 0 0 0 Scott Gieselman Trustee 1 0 X 0 0 0 Michael Gordon Trustee 1 0 X 0 0 0 John Grady Trustee 1 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jason Hurd Trustee 1 0 X 0 0 0 Gerald Jordan Trustee 1 0 X 0 0 0 Stephen Karp Trustee 1 0 X 0 0 0 Jonathan Kraft Trustee 1 0 X 0 0 0 Emmett Lyne Trustee 1 0 X 0 0 0 Martin Mannion Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Marilyn McGrath Trustee 1 0 X 0 0 0 Mitali Prasad Trustee 1 0 X 0 0 0 Rachel Stettler Trustee 1 0 X 0 0 0 Sarah Williamson Trustee 1 0 X 0 0 0 Mark Wolpow Trustee 1 0 X 0 0 0 Jon Biotti President 1 0 X X 0 0 0 William Achtmeyer Vice President 1 0 X X 0 0 0 Anthony Ryan Treasurer 1 0 X X 0 0 0 Richard Melvoin Secretary Head of School 50 0 X X 609189 0 107671 Jay Bounty CFO and Director of Operations Assistant Treasurer 50 0 X 228616 0 49742 Beverly Coughlin Dir of Development 50 0 X 261652 0 32310 Christopher Richards Faculty 50 0 X 134324 0 88546 Steven Armstrong Asst Head of School 50 0 X 121597 0 111527 Kenneth Martin Faculty 50 0 X 117814 0 28792 Jay Fritz Director of Major and Planned Gifts 50 0 X 115095 0 29667 1588287 0 448255 15 0 1 0 Shawmut Woodworking and Supply 560 Harrison Avenue Boston MA 02118 Construction 1592093 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 925136 Shepley Bulfinch Richardson Abbot 2 Seaport Lane Boston MA 02210 Architect 821563 Prospect Building Services Corp 360 Pearl Street Malden MA 02148 Custodial Services 443765 Bedford Charter Services 11 Railroad Avenue Bedford MA 01730 Student Transportation 419380 7 0 0 171858 0 0 11610682 2666829 11782540 Summer Programs 900099 1052309 1052309 0 0 Tuition and Fees 900099 17224093 17224093 0 0 Student Activities 900099 40150 40150 0 0 0 0 0 0 18316552 422456 414684 0 7772 0 0 0 0 0 0 0 0 435485 0 1224156 0 -788671 0 -788671 -258154 -530517 6476400 0 6113929 0 362471 0 362471 362471 0 0 48755 171858 56045 -7290 -7290 0 0 0 0 0 0 0 382393 386774 -4381 -4381 0 0 School Bus Transportation 900099 286930 286930 0 0 Programs for Parents Alumni 900099 73725 73725 0 0 Insurance Dividends 900099 39929 39929 0 0 21269 21269 0 0 421853 30505530 19511179 -265444 -522745 0 0 3500089 3500089 0 0 0 0 1108336 0 819336 289000 0 0 0 0 8668390 6362068 1714649 591673 634312 466885 124475 42952 1968253 1255890 530756 181607 699484 459710 178647 61127 0 0 54472 0 54472 0 77880 0 77880 0 0 0 0 0 122075 122075 952306 692760 155337 104209 48019 21119 26900 737166 737166 479980 319482 132024 28474 0 0 1795540 1645090 116521 33929 155590 113871 5868 35851 0 0 38864 18203 17577 3084 993711 993711 0 0 1493867 1350466 111062 32339 158517 65244 93273 Student Food Services 759443 759443 0 0 Entertainment 400727 30313 70577 299837 Printing and Publications 289427 73478 113596 102353 Postage Membership and Dues 164183 47981 71314 44888 397203 280450 57287 59466 25697834 18456253 5330792 1910789 500 500 10923427 11052627 6043259 5255344 129844 101268 0 0 0 0 0 0 68840 42956 740274 928087 69861677 25363113 37771647 44498564 18301964 18728861 73478204 88991166 0 0 0 0 125992 122992 147583951 169722365 1636291 4573583 0 0 2913441 2589456 7423000 7423000 0 0 0 0 35132000 35132000 0 0 0 47104732 49718039 X 78359585 100189519 14135263 11041283 7984371 8773524 100479219 120004326 147583951 169722365 X 4807696 14603045 0 0 0 114366 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92278664 3610196 15294903 0 3443452 0 107740311 79210331 4015988 12902485 0 3850140 0 92278664 77852961 4691019 92070 0 3425719 0 79210331 59853912 9817081 11771878 0 3589910 0 77852961 50387622 6270635 6108188 0 2912533 0 59853912 0.853 0.079 0.068 0 0 5279242 0 5279242 42237443 0 16740113 25497330 6306583 0 2503053 3803530 4120559 0 3645402 475157 11917850 0 2474545 9443305 44498564 0 0 Limited Partnerships and Alternative Investments 88869966 F Real Estate 121200 F 88991166 43267752 14603045 0 0 1781341 16384386 26883366 122075 3500089 3622164 30505530 23742645 0 0 0 1666975 1666975 22075670 122075 3500089 3622164 25697834 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing educations, school programs and faciltities, as well as general support for school operations Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $56,045, Cost of goods sold $386,774, Rental expenses $1,224,156 and the Change in Value of Split Interest Agreements $114,366. Schedule D, Part XI, Line 4b Schedule D, Part XII, Line 4b- Other adjustments Financial Aid Grants $3,500,089. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special event expenses $56,045, Cost of Goods Sold $386,774, Rental expenses $1,224,156. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $3,500.089. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Belmont Hill School publishes non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Tournament and Peggy 220613 171858 48755 0 0 1500 34733 8874 10938 0 0 220613 171858 48755 0 0 1500 34733 8874 10938 56045 -7290 1 Financial aid awards for school year 119 0 3457762 By need Tuition aid discounts for 284 summer program recipients. 284 0 42327 Aid to individuals living in Belmont and by need Tuition discounts Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return 2. A completed "Parents Financial Statement" provided by the school and the student service for financial aid (SSS). SSS analyzes the "Parents Financial Statement" and makes a recommendation regarding financial need to the school for its consideration. The school makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Melvoin Secretary Head of School 578521 0 0 0 30668 0 24225 0 65946 0 699360 0 0 0 Beverly Coughlin Dir of Development 261652 0 0 0 0 0 25500 0 6810 0 293962 0 0 0 Jay Bounty CFO and Director of Operations Assistant Treasurer 211116 0 0 0 17500 0 11675 0 20567 0 260858 0 0 0 Steven Armstrong Asst Head of School 121597 0 0 0 0 0 10280 0 101247 0 233124 0 0 0 Christopher Richards Faculty 134324 0 0 0 0 0 9346 0 79200 0 222870 0 0 0 Schedule J, Part I, Line 1a Richard I. Melvoin is required to stay on campus to perform his duties as Head of School. Included in Richard I. Melvoin's column D for 2013 is an amount for 5% of the value of his house with utilities totaling $48,000, along with $3,090 for housekeeping's charge to clean the house. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. A Massachusetts Development Finance Agency 043431814 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 A 0 0 7423000 0 0 7380142 42858 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.022 0.018 0.040 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 bonds. By verification report dated August 9, 2012 issued by Causey Demkin & Moore P.C., the yield on the Series 2012B bonds is in excess of the yield on the U.S. Treasury Securities held in escrow to pay the dept service requirement of the Series 2007 bonds. Accordingly, the Series 2012B bond is not an "arbitrage bond" under Section 148 of the Internal Revenue Code of 1986, as amended. X 1 4500 Value of Howe painting X 6727 Cost of flowers X 38 3480882 FMV on date of gift X Technology Gift 2 77000 Market value of technology 0 1 0 Form 990, Part VI, Section A, Line 2 John Connors Jr is the father of John Connors III. Both individuals are trustees of the school. Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review the form 990 online prior to filing. Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public on request to the Business Office, Belmont Hill School, Inc. at 350 Prospect Street in Belmont, MA 02478. These documents are also available for public inspection on the website of the Attorney General of the Commonwealth of Massachusetts at http://www.charities.ago.state.ma.us/ and also at Guidestar at http://www2.guidestar.org. Form 990, Part XI, Line 9 Other changes in net assets are the change in split interest agreements $114,366 BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 199353 5335354 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 1425411 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 1715395 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1469220 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774554 Belmont Hill School Inc