2015-11-10T14:05:15-06:00 2015-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-07-01 020223317 Brewster Academy BREW 6035697103 80 Academy Drive Wolfeboro NH 03894 David Hadley Treasurer 6035697103 2015-11-06 1 Barbara J McGuan CPA P00219457 2077752387 2015-11-05 2014 2016-03-07 17:11:31Z Michael Cooper 80 Academy Drive Wolfeboro NH 03894 23018565 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 22 22 308 80 143085 0 2625786 1222479 20660142 21095135 381513 281555 299979 344413 23967420 22943582 3858689 4285167 0 0 9999165 10223525 19718 0 781286 8290649 8229595 22168221 22738287 1799199 205295 60934136 59774343 26095603 25059442 34838533 34714901 An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 0 0 18111657 4285167 19848913 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 621953 1246222 The Summer Program features educational programs and conferences during the summer recess, including the Brewster Academy Summer Session and Royal Thai Scholars. 18733610 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 39 0 1 308 1 1 1 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697103 80 Academy Drive Wolfeboro NH 03894 Arthur O Ricci Trustee 2.00 X 0 0 0 Arthur W Coviello Jr Vice Chairman 3.00 X X 0 0 0 C Richard Carlson Trustee 2.00 X 0 0 0 Candace Crawshaw Trustee 2.00 X 0 0 0 Daniel T Mudge Chairman 3.00 X X 0 0 0 David L Carlson Trustee 2.00 X 0 0 0 Douglas H Greff Past Secretary 3.00 X X 0 0 0 George J Dohrmann III Trustee 2.00 X 0 0 0 Karen W Fix Trustee 2.00 X 0 0 0 Michael Keys Trustee 2.00 X 0 0 0 Rev Nancy Spencer Smith Trustee 1.00 X 0 0 0 Roy Ballentine Treasurer 3.00 X X 0 0 0 Ronn Bronzetti Secretary 3.00 X X 0 0 0 Gabrielle Gatta Trustee 2.00 X 0 0 0 David Hadley Trustee 3.00 X 0 0 0 Carlos Noble Trustee 2.00 X 0 0 0 Amy Reiner Trustee 1.00 X 0 0 0 Beverly Bruce Trustee 2.00 X 0 0 0 Karen Boykin-Towns Trustee 2.00 X 0 0 0 James Curvey Trustee 2.00 X 0 0 0 Robert Mueller Trustee 1.00 X 0 0 0 Barbara Naramore Trustee 1.00 X 0 0 0 Steven Webster Trustee 1.00 X 0 0 0 Lisa Braiterman CFO 50.00 X 133577 0 55287 Michael Cooper Head of School 60.00 X 346600 0 41491 Lynne Palmer Director of Admissions 50.00 X 123175 0 16799 Kristy Kerin Director of Advancement 50.00 X 133288 0 27594 Marilyn T Shea Academic Dean 50.00 X 102499 0 23125 839139 0 164296 5 0 1 0 Milestone Engineering & Construction In PO Box 2279 Concord NH 033022279 Dining & Anderson Hall Construction 2354155 US Foods Inc PO Box 3155 Boston MA 022413155 Dining-Food Service 421376 Adaptive Communications 230 Commerce Way Suite 100 Portsmouth NH 03801 Technology-Equipment and Installation 299126 McLane Graf Raulerson & Middleton Prof 900 Elm Street PO Box 326 Manchester NH 031050326 Legal Services 163076 Scott Simons Architects 75 York Street Portland ME 04101 Construction In Progress-Anderson 128940 7 1222479 161865 1222479 Tuition and Fees 611710 17806096 17806096 Instructional Support 611710 1556566 1556566 Summer Programs 611710 1246222 1114838 131384 Student Related 611710 455413 455413 Miscellaneous Revenue 611710 30838 19137 11701 21095135 279655 279655 52020 1880 52000 0 20 1880 1900 1900 118546 22983 95563 95563 Distribution from beneficial trus 900099 248850 248850 248850 22943582 20952050 143085 625968 60000 60000 4225167 4225167 576955 576955 7555840 6230382 835384 490074 449719 361207 59452 29060 1075896 814607 205547 55742 565115 450536 79422 35157 62047 62047 61232 61232 803512 513403 258742 31367 13194 13194 342908 124430 174217 44261 1061065 1061065 216953 105542 30986 80425 784797 716902 67895 1675477 1643362 32115 479444 479444 Student Related 748117 748117 Plant Expense 642894 642894 Dining Hall 598173 598173 Summer Program 113360 113360 626422 324463 286759 15200 22738287 18733610 3223391 781286 X 2864827 747941 6166234 6781372 1479271 980283 186682 232398 67756 63349 120874 172556 51523445 20140681 31073384 31382764 9777071 10510560 227381 218827 8970656 8684293 60934136 59774343 1120417 577112 6759103 6542463 17555459 17207000 77448 65051 25658 33020 557518 634796 26095603 25059442 X 14167472 14750908 5255781 4532081 15415280 15431912 34838533 34714901 60934136 59774343 X 205295 -70670 -258257 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10848831 229341 213143 444137 10847178 9588035 157739 1477339 374282 10848831 9195469 137174 609994 354602 9588035 7973329 26728 57145 378030 7679172 7222254 30666 1133905 413496 7973329 0.00000 0.73460 0.26540 0 0 2215836 2215836 38795013 14471968 24323045 4425955 2744348 1681607 6086641 2924365 3162276 31382764 Deferred Compensation Plans 270592 Beneficial Interest in Perpetual Trust 7333272 Charitable Gift Annuity 1072438 Accrued Investment Interest Receivable 7991 8684293 Charitable Gift Annuity 364204 Deferred Compensation Payable 270592 634796 18412471 -70670 127883 57213 18355258 4588324 4588324 22943582 18536103 22983 22983 18513120 4225167 4225167 22738287 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 22,983. Change in Pledge Discounting and Allowance for Pledges 104,900. Part XI, Line 4b - Other Adjustments: Finanical Aid Grants 4,225,167. Change in Value of Beneficial Interest in Perpetual Trust 286,027. Change in Value of Charitable Gift Annuity 77,130. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 22,983. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 4,225,167. 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 newspaper, television, and radio advertising, and in school literature. Schedule E, Part I, Line 6 The Academy participates in the Federal School Lunch Program and the Federal E-RATE program providing support for technology and libraries. East Asia and the Pacific - 0 0 Fundraising and Parent/Alumni relations 22042 0 0 0 0 0 0 22042 0 22042 0 0 0 0 0 0 Schedule F, Part I, Line 3 Brewster Academy currently has 43 students from Asia. As a result of the trip for fundraising and parent/alumni relations, Brewster Academy received $61,356 worth of contributions from sources in Asia. Family Weekend Auction 118546 118546 22983 118546 118546 22983 22983 95563 1 Yale University PO Box 208239 New Haven CT 06520 060646973 501(c)(3) 60000 Cash The grant was provided to fund research on the effectiveness of Yale University's Ruler Program for instruction and emotional literacy. 1 Financial Aid 136 4225167 FMV Brewster Academy provides financial aid to students based on need Part I, Line 2: Grants and Other Assistance to Organizations - A grant was paid to Yale Univeristy, a 501(c)(3) organization, which has monitoring procedures in place. Grants and Other Assistance to Individuals - The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Schedule I, Part III, Line F Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X X 1 1 X X X 0 1 0 0 0 0 0 1 0 Lisa Braiterman CFO 131496 0 0 0 2081 0 23000 0 32287 0 188864 0 0 0 Michael Cooper Head of School 297228 0 44166 0 5206 0 23000 0 18491 0 388091 0 0 0 Kristy Kerin Director of Advancement 132701 0 0 0 587 0 4212 0 23382 0 160882 0 0 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions, Director of Advancement and Chief Financial Officer in the amount of $14,480, $7,240, $28,960 and $14,480 respectively. Part I, Line 4b Michael Cooper, Head of School, contributed $17,500 to his 457B account. Brewster Academy contributed $35,834 to his 457F account. Part I, Line 7 Michael Cooper, Head of School, received a bonus during the year based on goals established in his contract which were met during the year. A New Hampshire Health and Education Facilities Authority 020279866 2011-02-04 18000000 Capital Improvements 0 0 0 A 793000 18000000 859617 256607 16439235 2011 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 8 161865 FMV Auction items 0 0 Donor estimated valu 0 0 0 Part I, Line 33: For various auctioned items, the Organization does not record revenue when items are donated, but rather when the items are sold at the auction event. The donor estimated value of auctioned items was $38,900. Form 990, Part VI, Section B, line 11 The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy must be signed individually by members of the Board of Trustees. There is an annual review of these conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive, Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity -77,130. Change in Value of Beneficial Interest in Perpetual Trust -286,027. Change in Pledge Discounting and Allowance for Pledges 104,900. The John Brewster Trust 1550 Worcester Road 607 Framingham MA 01702 046289100 Perpetual Trust NH N/A T -286027 7333272 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0