2015-02-12T09:59:55-06:00 2014-06-30 134260189 BOISSELLE MORTON & ASSOCIATES LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2013-07-01 042724993 THE ACADEMY AT CHARLEMONT INC ACAD 4133394912 ROUTE 2 MOHAWK TRAIL CHARLEMONT MA 01339 BRUCE LESSELS TREASURER 4133394912 2015-01-28 1 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2013 2016-02-25 16:41:14Z BRIAN BLOOMFIELD ROUTE 2 MOWHAWK TRAIL CHARLEMONT MA 01339 3940660 0 X CHARLEMONT.ORG X 1981 MA INDEPENDENT SECONDARY COLLEGE PREPARATORY SCHOOL. 17 15 53 65 0 0 255346 1503087 2437464 2385865 13379 27215 13982 18188 2720171 3934355 983434 871824 0 0 1258224 1310054 0 0 99181 573394 621473 2815052 2803351 -94881 1131004 2913522 3625515 1536528 1114646 1376994 2510869 X THE ACADEMY AT CHARLEMONT MAKES A CLASSICAL, ACADEMIC EDUCATION AVAILABLE TO CHILDREN FROM THE TOWNS OF WESTERN MASSACHUSETTS. THE ACADEMY SEEKS TO GRADUATE YOUNG MEN AND WOMEN PREPARED TO BE SUCCESSFUL AS COLLEGE STUDENTS AND AS CITIZENS. WE EMPHASIZE CLEAR, ORIGINAL THINKING THAT IS EXPRESSED WITH PRECISION, CLARITY, AND GRACE, WE STRIVE TO SHOW THE CONNECTION AMONG PEOPLES, PLACES, AND AREAS OF INQUIRY THROUGH INTER-DISCIPLINARY LEARNING. THE ACADEMY COMMUNITY IS FOUNDED ON THE VALUES OF SELF-RELIANCE, INDUSTRY, INTEGRITY, AND COMPASSION; THOSE VALUES ARE REFLECTED CLEARLY IN THE HONOR CODE AND ARE NURTURED THROUGH OUR SYSTEM OF SELF-GOVERNMENT. 0 0 2265679 871824 2385865 PROVIDED CO-EDUCATIONAL, COLLEGE-PREPARATORY DAY SCHOOL EDUCATION FOR 96 STUDENTS IN GRADES SEVEN THROUGH POST-GRAD. 2265679 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 53 1 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X BRIAN BLOOMFIELD 4133394912 ROUTE 2 CHARLEMONT MA 01339 DAVID CHALFANT FACULTY TRUSTEE 40.00 X 35403 0 0 SEAN DACUS TRUSTEE 2.00 X 0 0 0 LINDA ENGHAGEN TRUSTEE 2.00 X 0 0 0 DENNY FULLER TRUSTEE 2.00 X 0 0 0 NANCY HENDERSON TRUSTEE 40.00 X 49342 0 0 KAREN PARMETT TRUSTEE 2.00 X 0 0 0 BO PEABODY TRUSTEE 2.00 X 0 0 0 TANYA RAPINCHUK TRUSTEE 2.00 X 0 0 0 CORNELIA REID TRUSTEE 2.00 X 0 0 0 WES ROSNER TRUSTEE 2.00 X 0 0 0 JAKA SAARONY TRUSTEE 2.00 X 0 0 0 OLIVER STEBICH TRUSTEE 2.00 X 0 0 0 PETER STEVENS TRUSTEE 2.00 X 0 0 0 BEN THOMPSON TRUSTEE 2.00 X 0 0 0 DAVID EPSTEIN PRESIDENT 3.00 X X 0 0 0 BRUCE LESSELS TREASURER 2.00 X X 0 0 4328 ELIZABETH SLOWINSKI CLERK 1.00 X X 0 0 0 MARK EFINGER HEADMASTER "PAST" 40.00 X 82682 0 0 ELINOR TODD INTERIM HEADMASTER 40.00 X 33906 0 0 JOHN BALDWIN BUSINESS MANAGER 40.00 X 63162 0 0 264495 0 4328 0 0 0 0 0 1503087 1503087 TUITION 900099 2199562 2199562 STUDENT FEES/SERVICES 900099 186303 186303 2385865 27215 27215 22974 2399 20575 20575 1519 3906 -2387 -2387 3934355 2385865 0 45403 871824 871824 282919 95904 178567 8448 841571 719083 47555 74933 93721 77117 15337 1267 91843 72021 13540 6282 741 741 6919 6919 42334 42334 29131 29131 65253 65253 1488 1265 223 33760 33681 79 103189 103189 21362 21362 TRANSPORTATION 77668 77668 BAD DEBT EXPENSE 46381 46381 STUDENT ACTIVITIES 40577 40577 ACADEMIC DEPARTMENT 33724 33724 118946 45242 65453 8251 2803351 2265679 438491 99181 100596 83889 7949 151824 260898 242669 24634 59674 7125 5947 18787 13439 2921171 1025937 2172559 1895234 199064 1172839 121910 0 2913522 3625515 161972 209424 1118355 817232 256201 87990 1536528 1114646 X 814033 1894850 10737 77871 552224 538148 1376994 2510869 2913522 3625515 X 1131004 30371 -27500 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 552224 21490 -35566 538148 542943 -3019 12300 552224 566706 1950 2037 27750 542943 558640 4300 3766 566706 535281 19354 4005 558640 1.00000 0 0 602044 602044 1613500 680321 933179 449359 104302 345057 100968 88114 12854 155300 153200 2100 1895234 PREPAID TUITION AND FEES 78494 DUE TO OTHERS 9496 87990 X 3099207 30371 -871824 -841453 3940660 -6305 -6305 3934355 1965332 33805 33805 1931527 871824 871824 2803351 PART X, LINE 2: PROFESSIONAL ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, CLASSIFICATION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THEY REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE ORGANIZATION'S TAX EXEMPT STATUS. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AND, THEREFORE, NO LIABILITY HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE ACADEMY'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE. THE ACADEMY'S OPEN AUDIT PERIODS ARE 2011-2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -871,824. PART XI, LINE 4B - OTHER ADJUSTMENTS: TEXTBOOK AND CLOTHING COST OF SALES -3,906. AUCTION EXPENSES -2,399. PART XII, LINE 2D - OTHER ADJUSTMENTS: TEXTBOOKS AND CLOTHING COST OF SALES 3,906. AUCTION EXPENSES 2,399. LOSS ON DISPOSAL OF EQUIPMENT 27,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 871,824. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 OUR RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL OUR ADVERTISEMENTS AND PROMOTIONAL MATERIALS. AUCTION 22974 22974 2399 22974 22974 2399 2399 20575 1 NEED-BASED FINANCIAL AID TO OVER HALF OF OUR STUDENTS. 71 871824 PART I, LINE 2: THE ORGANIZATION PROVIDES NEED-BASED FINANCIAL AID GRANTS TO STUDENTS. THE ORGANIZATION REQUIRES APPLICATIONS FOR FINANCIAL AID. THE APPLICATIONS ARE REVIEWED, APPROVED, AND MAINTAINED BY THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR BYLAWS DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD AUTHORIZED THE HEAD OF SCHOOL TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE BUSINESS MANAGER AND HEADMASTER MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER'S (CEO'S) COMPENSATION IS DETERMINED ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES, AS PER THE LETTER OF AGREEMENT BOTH PARTIES HAVE SIGNED. COMPARABILITY DATA ARE USED IN SETTING COMPENSATION FOR THE HEADMASTER. 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 XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -27,500. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENT OVERSIGHT PROCESS AND SELECTION OF THE INDEPENDENT ACCOUNTANT PROCESS HAVE NOT CHANGED DURING THE YEAR.