2015-05-14T14:20:12-05:00 2014-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2013-07-01 042104720 MEADOWBROOK SCHOOL OF WESTON INCORPORATED MEAD 7818941193 10 FARM ROAD WESTON MA 024932493 MCGLADREY LLP HEADMASTER 7818941193 2015-05-14 1 LYNNE JOHNSON P00757336 6179129000 2013 2016-03-07 17:11:31Z STEPHEN T HINDS 10 FARM ROAD WESTON MA 024932493 13936331 0 X WWW.MEADOWBROOK-MA.ORG X 1923 MA A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH EIGHT. MEADOWBROOK INSPIRES CHILDREN TO LIVE WITH PURPOSE, LEARN WITH PASSION AND LEAD BY PRACTICE. 31 31 225 120 0 0 2361357 2412679 10319733 10575472 504340 666739 221348 221581 13406778 13876471 996248 988379 0 0 7334064 8014196 0 19483 701235 5061547 5550817 13391859 14572875 14919 -696404 56071010 55694673 11047442 8488850 45023568 47205823 X MEADOWBROOK KNOWS, LOVES, AND CHALLENGES EVERY CHILD. TOGETHER, AS A DIVERSE COMMUNITY WITH HIGH ACADEMIC, ETHICAL AND SOCIAL STANDARDS, WE NURTURE CHARACTER, PROMOTE CONFIDENCE, INSPIRE CREATIVITY AND FOSTER CRITICAL THINKING SKILLS AS WE GUIDE EACH CHILD'S JOURNEY IN THE PURSUIT OF EXCELLENCE. 0 0 8007224 841683 8756013 TUITION - PROVIDE A HIGH QUALITY, BROAD BASED, INNOVATIVE, ACCREDITED EDUCATION TO 304 ENROLLED STUDENTS RANGING OVER 10 CLASSES FROM JUNIOR KINDERGARTEN THROUGH GRADE 8, WHILE MAINTAINING HIGH ACADEMIC, ETHICAL AND SOCIAL STANDARDS, AN INTENTIONALLY SMALL LEARNING ENVIRONMENT AND A NURTURING EXPERIENCE FOR EACH STUDENT. THE ENTIRE CLASS OF 32 EIGHTH GRADERS GRADUATED IN JUNE 2014, GARNERING A VARIETY OF NATIONAL AWARDS IN MATH AND LANGUAGES. 965081 1371794 SUMMER CAMP - TWO SUMMER CAMPS PROVIDE ACADEMIC AND RECREATIONAL SUMMER PROGRAMS OF UP TO 8 WEEKS' DURATION TO A TOTAL OF 576 CHILDREN RANGING FROM THOSE ENTERING KINDERGARTEN THROUGH GRADE 8. 647048 146696 447666 SPECIAL INSTRUCTIONAL, SUPPLEMENTARY AND SCREENING PROGRAMS SUCH AS FIELD TRIPS, AFTER SCHOOL ACTIVITIES, LEARNING LAB AND TESTING THAT SERVE TO ENHANCE, EXTEND AND PERSONALIZE THE CORE CURRICULAR OFFERINGS. 9619353 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 67 0 1 225 1 0 1 EI CJ 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOHN AUSTIN 7818932536 10 FARM ROAD WESTON MA 02493 AI-LI LIM TRUSTEE 2.00 X 0 0 0 ANGELA M BRAMAN TRUSTEE 2.00 X 0 0 0 BALA CUMARESAN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER M AUSTEN TRUSTEE 2.00 X 0 0 0 DAVID E GOEL TRUSTEE 2.00 X 0 0 0 DAVID V CAPPILO SECRETARY 5.00 X X 0 0 0 DEWEY J AWAD TREASURER 5.00 X X 0 0 0 GEOFFREY T BERNSTEIN TRUSTEE 2.00 X 0 0 0 JEFFREY C HADDEN TRUSTEE 2.00 X 0 0 0 JENNIFER A SEEMAN TRUSTEE 2.00 X 0 0 0 JOHN H TYLER TRUSTEE 2.00 X 0 0 0 JOHN R PORTER III TRUSTEE 2.00 X 0 0 0 KATE ELLIS TRUSTEE 2.00 X 0 0 0 KENT R WELDON TRUSTEE 2.00 X 0 0 0 KEVIN T CALLAGHAN VICE PRESIDENT 5.00 X X 0 0 0 KIMBERLY STANFIELD TRUSTEE 2.00 X 0 0 0 LARRY HAMELSKY TRUSTEE 2.00 X 0 0 0 LISA LEBOVITZ TRUSTEE 2.00 X 0 0 0 MARTIN D HALE JR TRUSTEE 2.00 X 0 0 0 MEREDITH MCPHERRON TRUSTEE 2.00 X 0 0 0 MICHAEL BROWN TRUSTEE 2.00 X 0 0 0 MICHAEL DENNING TRUSTEE 2.00 X 0 0 0 SANDRA M EDGERLEY TRUSTEE 2.00 X 0 0 0 SANGITA THAKORE TRUSTEE 2.00 X 0 0 0 SUSAN LITTLEFIELD VICE PRESIDENT 5.00 X X 0 0 0 THOMAS H GRAPE PRESIDENT 5.00 X X 0 0 0 WILLIAM A DANOFF TRUSTEE 2.00 X 0 0 0 JP FINE TRUSTEE 2.00 X 0 0 0 FREDERICK HOFF TRUSTEE 2.00 X 0 0 0 YUCHON LEE TRUSTEE 2.00 X 0 0 0 MEG SMITH TRUSTEE 2.00 X 0 0 0 JOHN AUSTIN DIRECTOR OF FINANCE AND OP 40.00 X 156596 0 29022 STEPHEN T HINDS HEADMASTER 40.00 X 466359 0 104873 BARBARA VINCENT ASSISTANT HEAD OF SCHOOL 40.00 X 136881 0 18603 JANICE THOMPSON DIRECTOR OF ADVANCEMENT 40.00 X 166509 0 18447 BRENDAN LARGAY HEAD OF MIDDLE SCHOOL 40.00 X 108303 0 7420 1034648 0 178365 5 0 1 0 CHARTWELLS (COMPASS GROUP USA) PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 550204 CVM INC 780 E MAIN STREET BRANFORD CT 06405 IT SERVICES 137933 LOCAL MOTION INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 STUDENT TRANSPORTATION 129399 CHILL EXPEDITIONS LLC 124 SIBLEY AVENUE 2ND FLR ARDMORE PA 19003 TRAVEL SERVICES 124610 4 1850 2410829 129104 2412679 TUITION 611600 8743183 8743183 DAY CAMP 611710 1371794 1371794 OTHER PROGRAMS 611600 460495 460495 10575472 662239 662239 102969 19548 83421 83421 83421 4500 0 4500 4500 4500 156610 1850 40312 116298 116298 OTHER REVENUE 900099 21862 21862 21862 13876471 10597334 0 866458 988379 988379 755120 106920 481150 167050 84132 84132 5457276 3868829 1346060 242387 356437 229823 103436 23178 927752 598197 269227 60328 433479 279499 125793 28187 42540 42540 79269 79269 19483 19483 62446 62446 770999 530151 240848 119409 49291 30925 39193 922141 647736 177607 96798 134741 101056 33685 702718 702718 5805 5805 143342 143342 1231570 1046835 160104 24631 80149 80149 DAY CAMP 965080 965080 CONTINGENCY EARN OUT PA 167183 167183 TRANSPORTATION 85699 85699 AMORTIZATION EXPENSE 37726 37726 14572875 9619353 4252287 701235 5564333 6359724 805336 739877 125960 75250 153053 125982 15786 19868 620935 687971 36845459 11494689 26318536 25350770 20258777 22264575 2099912 0 108382 70656 56071010 55694673 1347811 1507408 5099631 5481442 3075000 0 25000 0 1500000 1500000 11047442 8488850 X 31285162 31667577 3845512 5195253 9892894 10342993 45023568 47205823 56071010 55694673 X -696404 2879659 -1000 X 0 1 X 1 0 X SCHEDULE A, PART II: THE SCHOOL HISTORICALLY HAS USED THE GREATER THAN $5,000 OR 2% RULE IN REPORTING CONTRIBUTORS IN COMPLIANCE WITH THE SCHEDULE B INSTRUCTIONS; THEREFORE, DUE TO THE BROADLY SUPPORTED NATURE OF THE ORGANIZATION AND IT IS DEEMED TO MEET THE PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE, CONTRIBUTORS OVER THE 2% RULE FOR SECTION 509(A)(1) BROADLY SUPPORTED ORGANIZATIONS ARE REPORTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO THE MASSACHUSETTS ASSOCIATION OF NON-PROFIT SCHOOLS AND COLLEGES WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. AS SUCH, NO DETERMINATIVE AMOUNT IS LISTED IN THIS SCHEDULE. 19539768 450099 3478834 -3503823 19964878 18109899 119423 2005483 695037 19539768 14972960 4375800 -555233 683628 18109899 15308262 50350 2164349 2550001 14972960 11542884 2699464 1616151 550237 15308262 0.30990 0.51810 0.17200 0 0 4729871 4729871 28977184 9139200 19837984 2662508 2060980 601528 475896 294509 181387 25350770 X 15511283 2879659 -1304707 1574952 13936331 -59860 -59860 13876471 13329028 59860 59860 13269168 62446 1241261 1303707 14572875 PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE ENDOWMENT IS TO PROVIDE A REASONABLY STABLE AND PREDICTABLE STREAM OF EARNINGS TO SUPPORT THE OPERATIONS OF THE SCHOOL, AND TO PRESERVE AND ENHANCE OVER TIME THE REAL (INFLATION ADJUSTED) VALUE OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE SCHOOL RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2014. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION AND TRANSPORTATION ASSISTANCE NETTED WITH REVENUE ON AUDITED FS -1,074,078. CONTINGENCY EARN OUT PAYMENT -167,183. LOSS FROM CONTRIBUTION RECEIVABLE ACTIVITY -1,000. INVESTMENT FEES NETTED WITH REVENUE -62,446. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENTS EXP. REPORTED ON FORM 990, PART VIII, LINE 8B -40,312. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -19,548. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 19,548. SPECIAL FUNDRAISING EVENTS EXP. REPORTED ON FORM 990, PART VIII, LINE 8B 40,312. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AND TRANSPORTATION ASSISTANCE NETTED WITH REVENUE ON AUDITED FS 1,074,078. CONTINGENCY EARN OUT PAYMENT 167,183. 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 HAS A LONG STANDING POLICY OF NON-DISCRIMINATORY ADMISSION OF STUDENTS. THEY PARTICIPATE WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND IN PUBLISHING THIS POLICY IN THE BOSTON GLOBE ON DECEMBER 1, 2013. THE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X X X X X 1 WASHBURN & MCGOLDRICK INC 950 NEW LOUDON RD SUITE 210 LATHAM NY 12110 FUNDRAISING CONSULTANT 0 0 19483 -19483 19483 -19483 MA GALA 147800 1850 145950 32186 147800 1850 145950 32186 32186 113764 1 TUITION 40 841682 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT AFTER SCHOOL 23 63806 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT FIELD TRIPS 23 14714 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT LEARNING LAB 11 48464 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT TESTING 8 5563 206 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT TECHNOLOGY 12 342 8913 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT OTHER (BOOKS, INTERNET, ETC.) 40 4689 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT PART I, LINE 2: FINANCIAL ASSISTANCE IS ISSUED IN THE FORM OF CREDITS APPLIED TO THE INDIVIDUAL'S ACCOUNT TO OFFSET CHARGES INCURRED FOR TUITION FEES, AFTER SCHOOL PROGRAMS, LEARNING LAB AND TESTING FEES, FIELD TRIP FEES, FEES RELATED TO OUR LAPTOP PROGRAM, AND OTHER MISCELLANEOUS CHARGES THAT MAY BE INCURRED IN THE COURSE OF BEING A STUDENT AT THE SCHOOL. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JOHN AUSTIN DIRECTOR OF FINANCE AND OP 150914 0 0 0 5682 0 7836 0 21186 0 185618 0 0 0 STEPHEN T HINDS HEADMASTER 236575 0 0 0 229784 0 83528 0 21345 0 571232 0 162500 0 BARBARA VINCENT ASSISTANT HEAD OF SCHOOL 131351 0 0 0 5530 0 9324 0 9279 0 155484 0 0 0 JANICE THOMPSON DIRECTOR OF ADVANCEMENT 161761 0 0 0 4748 0 11472 0 6975 0 184956 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANION IS DUE TO THE COMPANION'S POSITION AT THE SCHOOL AND NOT FOR TRAVEL WITH HEADMASTER. THIS AMOUNT IS NOT TAXABLE TO THE HEADMASTER OR THE COMPANION. TAX GROSS-UP PAYMENTS WERE PROVIDED TO THE HEADMASTER IN THE AMOUNT OF $22,000. IT IS TAXABLE AND REPORTED IN PART II, COLUMN (B)(III). PART I, LINE 4B THE SCHOOL HAS A DEFERRED COMPENSATION ARRANGEMENT WITH ITS HEADMASTER. THE PLAN REQUIRES THE HEADMASTER TO BE PAID $162,500 IF THE EMPLOYEE LEAVES ON OR AFTER JANUARY 1, 2013 AND $325,000 ON OR AFTER JUNE 30, 2015. THE SCHOOL RECORDS THE EXPENSE IN THE YEAR IN WHICH IT IS EARNED. AS OF 6/30/14, THE PLAN IS FUNDED, AND DEFERRED COMPENSATION OF $65,000 IS INCLUDED IN PART II, COLUMN C. THE $177,840 REPORTED IN THE HEADMASTER'S 2013 FORM W-2 AND IN PART II, COLUMN B(III) REPRESENTS THE FAIR MARKET VALUE AT DECEMBER 31, 2013 OF THE $162,500 IN CONTRIBUTIONS THAT BECAME VESTED DURING 2013. THE SCHOOL ENTERED INTO A NEW DEFERRED COMPENSATION AGREEMENT ON APRIL 25, 2014 WITH THE HEADMASTER EFFECTIVE JULY 1, 2015 THROUGH JUNE 30, 2017 WHICH WILL BECOME EFFECTIVE AT THE TERMINATION OF THE EXISTING PLAN. THE NEW PLAN WILL ENTITLE THE INDIVIDUAL TO RECEIVE $455,000 AS DEFERRED COMPENSATION IF THE EMPLOYEE IS TERMINATED OR RETIRES AFTER JUNE 30, 2017. JERE HINDS FAMILY MEMBER OF STEPHEN T. HINDS, HEADMASTER 84617 JERE HINDS IS EMPLOYED BY THE ORGANIZATION. 0 X 8 105552 FAIR MARKET VALUE X DINNER RECEPT 1 23552 FAIR MARKET VALUE 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF STOCK GIFTS RECEIVED AND THE NUMBER OF CONTRIBUTIONS FOR THE OTHER CONTRIBUTIONS. PART I, LINE 32B: STOCK DONATIONS ARE RECEIVED THROUGH AN ACCOUNT AT UBS. THE STOCK IS CASHED BY UBS UPON DIRECTION OF THE DIRECTOR OF FINANCE AND OPERATIONS, JOHN AUSTIN. FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS OFFICE RECEIVES FROM ITS INDEPENDENT ACCOUNTING FIRM AN ANNUAL QUESTIONNAIRE SOLICITING INFORMATION FOR THE PREPARATION OF FORM 990. THE QUESTIONNAIRE IS COMPLETED BY THE CONTROLLER AND RETURNED TO THE ACCOUNTING FIRM, WHICH PREPARES A DRAFT. THE SCHOOL'S DIRECTOR OF FINANCE AND OPERATIONS, BOARD TREASURER, PRESIDENT, AND CHAIRS OF THE FINANCE AND AUDIT COMMITTEES REVIEW THE DRAFT FOR ACCURACY, MAKING ANY NECESSARY ADJUSTMENTS. WHEN ALL REVISIONS HAVE BEEN INCORPORATED, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD AND THE COMPLETE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE POLICY REQUIRES THAT ANY POTENTIAL CONFLICT OF INTEREST MUST BE DISCLOSED BY THE SIGNATORY TO THE FULL BOARD ANNUALLY, WITH UPDATES IN THE EVENT OF CHANGED CIRCUMSTANCES. THE HEAD OF SCHOOL, PRESIDENT OF THE BOARD AND CHAIRPERSON OF THE COMMITTEE ON TRUSTEES ARE INDIVIDUALLY AND JOINTLY CHARGED WITH ADMINISTERING THE POLICY. ANY TRUSTEE HAVING A PERSONAL INTEREST IN A GIVEN TRANSACTION OR OTHER RELATIONSHIP SHALL NOT PARTICIPATE IN THE DISCUSSION OF THAT TRANSACTION OR RELATIONSHIP, EXCEPT TO RESPOND TO QUESTIONS FROM OR PROVIDE INFORMATION REQUESTED BY THE TRUSTEES, SHALL SPECIFICALLY ABSTAIN FROM VOTING ON THE TRANSACTION OR RELATIONSHIP, AND SHALL NOT BE COUNTED TOWARD A QUORUM FOR PURPOSES OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, EVERY EMPLOYEE PREPARES GOALS WHICH ARE USED TO EVALUATE INDIVIDUAL PERFORMANCE. TEACHING FACULTY ARE SUBJECT TO SALARIED COMPENSATION BASED ON AN OBJECTIVE "STEP" SCALE (I.E. SALARY IS DETERMINED BY YEARS OF SERVICE). STAFF ARE ALSO SALARIED AND RECEIVE A STANDARD ANNUAL INCREASE TO ADJUST FOR INFLATION. THE HEADMASTER'S PERFORMANCE AND COMPENSATION IS REVIEWED AND DETERMINED BY A SUB-COMMITTEE OF THE BOARD AND SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE ANNUAL COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST, USE OF COMPARABILITY DATA GATHERED AND CONTEMPORANEOUS DOCUMENTATION OF THE MEETINGS, DELIBERATIONS AND DECISIONS. THERE IS NO FORMAL INCENTIVE-BASED COMPENSATION POLICY THROUGHOUT THE ENTITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ANNUAL, REPORT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 CAN ALSO BE ACCESSED VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: LOSS FROM CONTRIBUTION RECEIVABLE -1,000.