2015-02-16T12:55:37-06:00 2014-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2013-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 D THOMAS HEALEY PRESIDENT 6037356000 2015-02-12 1 W JAY SIMMS P00435321 6036530044 2015-02-12 2013 2016-03-07 17:11:31Z MICHAEL HENRIQUES PO BOX 500 ANDOVER NH 03216 23260687 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. 23 23 328 115 158246 -58385 3928781 2499508 18254228 19185272 2688480 1167115 121182 19410 24992671 22871305 2966812 3273535 0 0 9044773 9484943 0 0 1128945 9466981 9707040 21478566 22465518 3514105 405787 59867234 61312669 19160841 19167806 40706393 42144863 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 13097857 3273535 19191063 EDUCATING 360 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 13097857 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 128 0 1 328 1 1 1 1 FR SP 0 0 0 1 1 0 0 0 0 X 23 23 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 MARK BEGOR TREASURER 1.00 X X 0 0 0 CHARLES BENEVENTO TRUSTEE 1.00 X 0 0 0 ELIZABETH BLODGETT-SMITH VICE PRESIDENT 1.00 X X 0 0 0 BILL BOLTON III TRUSTEE 1.00 X 0 0 0 KAREN BONEWALD TRUSTEE 1.00 X 0 0 0 IDOLINE DUKE TRUSTEE 1.00 X 0 0 0 ALEXANDRA ESTIN TRUSTEE 1.00 X 34424 0 5734 GERRY GROTE TRUSTEE 1.00 X 0 0 0 STACEY HERLITZ TRUSTEE 1.00 X 0 0 0 TOM HEALEY TRUSTEE 1.00 X 0 0 0 JEFFREY HOWARD CLERK 1.00 X X 0 0 0 ANDREA JOHNSTONE TRUSTEE 1.00 X 0 0 0 KATIE KIDDER TRUSTEE 1.00 X 0 0 0 ANNE LANDERS 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 PHIL PASTAN TRUSTEE 1.00 X 0 0 0 MARY PRESSMAN TRUSTEE 1.00 X 0 0 0 CHRIS RAY TRUSTEE 1.00 X 0 0 0 OLIVER SCHWAB JR TRUSTEE 1.00 X 0 0 0 STEVE THEROUX PRESIDENT 1.00 X X 0 0 0 KELLY MASON VERROCHI 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 DEBBIE HUTCHINS TRUSTEE 1.00 X 0 0 0 GREGORY SHINE TRUSTEE 1.00 X 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 40.00 X 237651 0 88754 JOHN FERRIS CHIEF FINANCIAL & OPERATIN 40.00 X 147136 0 25898 KEITH BARRETT DIRECTOR OF DEVELOPMENT 40.00 X 107912 0 53018 527123 0 173404 3 0 1 0 0 2499508 146803 2499508 TUITION & FEES 611710 17869620 17869620 SUMMER PROGRAM REVENUE 611710 769244 769244 PROGRAM SUPPORT REVENU 611710 546408 546408 19185272 539058 539058 32228 18959 13269 13269 13269 666621 0 38564 666621 -38564 628057 628057 20123 11140 8983 8983 153840 320719 -166879 -166879 SKI HILL INCOME 713990 96881 5791 91090 HOCKEY RINK INCOME 713940 53458 53458 GORDON RESEARCH CONFER 722410 13698 13698 164037 22871305 19191063 158246 1022488 3273535 3273535 441754 441754 6615852 3997098 2038938 579816 466865 281750 144244 40871 1348876 775309 461101 112466 611596 348358 212705 50533 64385 64385 62655 62655 106985 106985 92812 92812 239049 31211 207838 135182 135182 1713081 1713081 112535 48802 63733 355091 355091 1886763 1886763 252940 233955 18985 INSTRUCTIONAL ATHLETICS 786508 786508 OFF-CAMPUS PROGRAMS 764111 764111 FOOD SERVICE 662369 662369 GORDON RESEARCH PROGRAM 456380 456380 2016194 1487273 247395 281526 22465518 13097857 8238716 1128945 404860 437116 2297283 1840968 115126 116503 248438 260864 206084 185594 55940393 22444663 30348800 33495730 22371259 23394311 3133752 787500 741632 794083 59867234 61312669 1597049 1365343 4478601 3430404 10461728 10221547 154866 106473 2468597 4044039 19160841 19167806 X 21007102 23144498 5852122 4747909 13847169 14252456 40706393 42144863 59867234 61312669 X 405787 1707590 21215 -686404 -9718 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19929702 382534 2800062 1015330 22096968 18719162 406562 1820978 1017000 19929702 19978434 456437 -753709 962000 18719162 17733643 262210 3091581 1109000 19978434 16426350 377122 1925171 995000 17733643 0.31430 0.62570 0.06000 0 0 3589589 3589589 44658660 18279258 26379402 7692144 4165405 3526739 33495730 CAPITAL LEASE OBLIGATIONS 88105 RETIREMENT OBLIGATIONS 325846 SHORT-TERM NOTES PAYABLE 2000000 LINE OF CREDIT 1630088 4044039 21553200 1707590 21215 320719 2049524 19503676 106985 3260645 3367630 22871306 19428326 333145 333145 19095181 106985 3263353 3370338 22465519 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 XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 320,719. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,273,535. GAIN/LOSS ON GIFT OF STOCK 966. FUNDRAISING EXPENSES -11,140. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES 16,242. RENTAL EXPENSES -18,958. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 333,145. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,273,535. GAIN/LOSS ON GIFT OF STOCK 966. FUNDRAISING EVENT EXPENSES -11,140. OTHER -8. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 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. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED $14,000 IN FEDERAL AND STATE FUNDS FOR THEIR FOOD PROGRAM. FRANCE 1 2 PROGRAM SERVICES STUDY ABROAD TERM 223955 SPAIN 1 2 PROGRAM SERVICES STUDY ABROAD TERM 288759 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TERM 109726 2 4 0 0 2 4 622440 0 622440 0 0 0 0 0 0 ANNUAL GOLF TOURNAMENT 20123 20123 8085 3055 20123 20123 8085 3055 11140 8983 0 FINANCIAL AID & TUITION REMISSION. 139 3273535 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 237651 0 0 0 0 0 16888 0 71866 0 326405 0 0 0 JOHN FERRIS CHIEF FINANCIAL & OPERATIN 147136 0 0 0 0 0 10264 0 15634 0 173034 0 0 0 KEITH BARRETT DIRECTOR OF DEVELOPMENT 107912 0 0 0 0 0 7607 0 45411 0 160930 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 STEPHEN THEROUX PRESIDENT OF THE BOARD OF DIRECTORS 561210 STEPHEN THEROUX IS AN OFFICER OF LAKE SUNAPEE BANK THE PURCHASER OF THE THE SCHOOL'S OUTSTANDING SERIES 2010A BOND ISSUED FOR $10,175,000 AND 2010B BOND ISSUED FOR $518,667. THE BONDS WERE ISSUED DURING 2011. 0 X 17 92011 FAIR MARKET VALUE X GIFTS-IN-KIND 39 33577 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 AND PRESIDENT USE THE INDEPENDENT SCHOOLS ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES TO DETERMINE THE HEAD OF SCHOOLS COMPENSATION. ADDITIONALLY, THE HEAD OF SCHOOL UTILIZES ISANNE TO DETERMINE ADMINISTRATIVE PAY CHARTS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE -16,242. RENTAL EXPENSES 18,958. COST OF GOODS SOLD -12,426. OTHER -8. FORM 990, PART XII, LINE 2C: PROCTOR ACADEMY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR RECOMMENDING AN INDEPENDENT AUDITOR TO THE BOARD OF TRUSTEES, INCLUDING COMPENSATION, AND REVIEWING THE AUDITED FINANCIAL STATEMENTS.