2015-04-23T13:57:07-05:00 2014-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2013-07-01 042103563 TRUSTEES OF DEERFIELD ACADEMY TRUS 4137740241 PO BOX 87 DEERFIELD MA 013420087 KEITH FINAN ASSOC HEAD OF SCHOOL & CFO 4137740241 2015-04-15 1 ELIZABETH SOLECKI P00235171 8605614000 2015-04-14 2013 2016-02-25 16:41:14Z KEITH FINAN PO BOX 87 DEERFIELD MA 013420087 115633721 0 X WWW.DEERFIELD.EDU X 1797 MA DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 29 27 692 659 914615 579790 39199974 30835396 30552053 32858319 27066169 9632439 787759 692965 97605955 74019119 7370541 7857855 0 0 26064634 27165728 41616 40061 5243666 21804589 20881999 55281380 55945643 42324575 18073476 672543854 766777882 55989058 69417225 616554796 697360657 X DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 0 0 41522359 7857855 32858319 DURING THE 2013-2014 ACADEMIC YEAR, 570 BOARDING AND 77 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION, (GRADES 9-12), INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION. 41522359 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 137 0 1 692 1 1 1 0 0 0 0 0 0 0 0 0 X 29 27 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X GREG ROLLAND CONTROLLER 4137741412 DEERFIELD ACADEMY DEERFIELD MA 013420087 GREER PHILIP PRESIDENT 8.00 0.00 X X 0 0 0 COHEN H RODGIN VICE PRESIDENT 5.00 0.00 X X 0 0 0 GROSSMAN ROBIN SECRETARY 3.00 0.00 X X 0 0 0 STRANDBERG DIANA S TREASURER 2.00 0.00 X X 0 0 0 BRONFMAN SAMUEL TRUSTEE 2.00 0.00 X 0 0 0 CHO TAY TRUSTEE 2.00 0.00 X 0 0 0 COWAN RORY J TRUSTEE 2.00 0.00 X 0 0 0 DENUNZIO DAVID TRUSTEE 2.00 0.00 X 0 0 0 EVANS SIDNEY H TRUSTEE 2.00 0.00 X 0 0 0 FARMER KATHERINE TRUSTEE 2.00 0.00 X 0 0 0 GARRISON DANIEL TRUSTEE 2.00 0.00 X 0 0 0 GROSSMAN MATTHEW TRUSTEE 2.00 0.00 X 0 0 0 HALE ROBERT TRUSTEE 2.00 0.00 X 0 0 0 HESS JOHN B TRUSTEE 2.00 0.00 X 0 0 0 KLEINER DIANA E TRUSTEE 2.00 0.00 X 0 0 0 KOCH DAVID TRUSTEE 2.00 0.00 X 0 0 0 KUO STANFORD TRUSTEE 2.00 0.00 X 0 0 0 MCENIRY ROGER S TRUSTEE 2.00 0.00 X 0 0 0 MOSLEY DANIEL TRUSTEE 2.00 0.00 X 0 0 0 ROBERTSON J SPENCER TRUSTEE 2.00 0.00 X 0 0 0 ROCKEFELLER MARK TRUSTEE 2.00 0.00 X 0 0 0 RUTH ALICE TRUSTEE 2.00 0.00 X 0 0 0 SIMMONS BRIAN TRUSTEE 2.00 0.00 X 0 0 0 TERRY LUTHER TRUSTEE 2.00 0.00 X 0 0 0 WALLACH SUSAN TRUSTEE 2.00 0.00 X 0 0 0 WEYMOUTH PHILIP B TRUSTEE 2.00 0.00 X 0 0 0 WHITTON LINDA TRUSTEE 2.00 0.00 X 0 0 0 WRIGHT VICTOR TRUSTEE 2.00 0.00 X 0 0 0 CURTIS MARGARITA O'BYRNE HEAD OF SCHOOL/TRUSTEE 60.00 0.00 X X 396936 0 184738 FINAN KEITH CFO 60.00 0.00 X 232250 0 46715 POND DAVID ASSOCIATE HEAD/DIRECTOR OF DEVELOPMENT 60.00 0.00 X 283481 0 80046 HAGAMEN THOMAS SCHOOL PHYSICIAN 60.00 0.00 X 172456 0 64642 TAYLOR JOHN DEAN OF FACULTY 60.00 0.00 X 161972 0 81133 SHEPHERD WENDY DIRECTOR OF ITS 60.00 0.00 X 152174 0 27820 WARSAW PETER ACADEMIC DEAN 60.00 0.00 X 149914 0 48636 ZOLKOS TIMM DIRECTOR OF CAPITAL GIVING 60.00 0.00 X 147057 0 24177 1696240 0 557907 21 0 1 0 DEBEVOISE & PLIMPTON LLP 919 3RD AVENUE NEW YORK NY 10022 LEGAL SERVICES 934396 CALLAHAN PAINTING 8A HARKNESS ROAD PELHAM MA 01002 PAINTING & RESTORATION 182569 DENNIS BOOSKA 169 AVENUE A TURNERS FALLS MA 01376 CONSTRUCTION & RENOVATIONS 150640 ERIC CARRON 14 DEWEY CONRAD AVENUE ORANGE MA 01364 CONSTRUCTION & RENOVATIONS 142600 EDGEWOOD MANAGEMENT LLC 535 MADISON AVENUE 15TH FL NEW YORK NY 10022 INVESTMENT MANAGEMENT 133031 6 30835396 3807726 30835396 TUITION AND FEES 611710 31978272 31978272 AUXILIARY PROGRAMS 611710 714123 714123 SUMMER EDUCATION 611710 165924 165924 32858319 3524271 -271675 3795946 47176717 41068549 6108168 6108168 1042537 5065631 1033270 546053 487217 487217 SUMMER SPORTS CAMPS 713940 94846 94846 OUTSIDE FUNCTION REVENUE 900099 67845 48907 18938 OTHER REVENUE 900099 43057 43057 205748 74019119 32858319 914615 9410789 166043 166043 7691812 7691812 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175450046 197766877 616554796 697360657 672543854 766777882 18073476 62732385 0 X 0 1 X 1 0 X 22086224 33514329 37502768 39199974 30835396 163138691 22086224 33514329 37502768 39199974 30835396 163138691 13440377 149698314 2498277 5374646 3644978 2458429 3877418 17853748 744683 1231053 846021 1560618 476615 4858990 2225919 940880 1192081 1104458 1095265 6558603 192410032 149372254 0.77800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 440455638 22657092 70903580 5341426 11005267 813505 516856112 393452650 11312775 52113283 5128827 10640990 653253 440455638 381567404 17246428 10848821 5084125 10276660 849218 393452650 318585485 21769820 59408655 5614078 12012478 570000 381567404 306341192 9090134 15917331 3650561 8446693 665918 318585485 0.26000 0.38000 0.36000 1 0 1657123 1657123 192155017 32617574 159537443 21893352 10039227 11854125 8765428 3303115 5462313 178511004 HEDGE FUNDS 163268199 F ALTERNATIVE ASSETS 97151088 F CASH AND CASH EQUIVALENTS 16585833 F 277005120 LIFE INCOME OBLIGATIONS 4045654 4045654 128417434 62732385 -8880123 53852262 74565172 -546053 -546053 74019119 47611573 546053 546053 47065520 8880123 8880123 55945643 PART V, LINE 4: FINANCIAL AID, FACULTY SALARIES, PROFESSIONAL DEVELOPMENT, GENERAL OPERATIONS, AND OTHER. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION -8,004,725. UNRELATED BUSINESS INCOME TAX EXPENSE -61,893. INVESTMENT EXPENSE -813,505. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -546,053. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 546,053. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS-FINANCIAL AID & TUITION REMISSION 8,004,725. UNRELATED BUSINESS INCOME TAX EXPENSE 61,893. INVESTMENT EXPENSE 813,505. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 BY PUBLICATION IN REGIONAL NEWSPAPERS - "THE BOSTON GLOBE". THIS IS DONE ANNUALLY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 168847599 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 695343 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES FINANCIAL AID FOR STUDY ABROAD 79588 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FINANCIAL AID FOR STUDY ABROAD 10137 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 RECRUITMENT AND DEVELOPMENT 278146 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 RECRUITMENT AND DEVELOPMENT 4563 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 RECRUITMENT AND DEVELOPMENT 1580 NORTH AMERICA - CANADA AND MEXICO, BUT BUT NOT THE UNITED STATES 0 0 RECRUITMENT AND DEVELOPMENT 2880 0 0 0 0 0 0 169919836 0 169919836 1 0 1 1 1 0 X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTS ON STRATEGIC COMMUNICATION 0 0 40061 0 40061 MA 1 DEERFIELD AREA FIRE PROTECTION DISTRICT 501(C)(4) 16725 100 OUT OF POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE TOWN OF DEERFIELD 501(C)(3) 91750 CHARITABLE BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY 501(C)(3) 10000 2649 OUT OF POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE 2ND HELPINGS 501(C)(3) 15271 OUT-OF-POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE FRANKLIN LAND TRUST 501(C)(3) 5000 1000 OUT OF POCKET COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES CHARITABLE FIRST CHURCH OF DEERFIELD 501(C)(3) 2000 8676 OUT OF POCKET COST HEATING OIL CHARITABLE FRONTIER REGIONAL AND UNION #38 SCHOOL DISTRICTS 501(C)(3) 6500 145 OUT OF POCKET COST 11 FRENCH DICTIONARIES CHARITABLE 6 1 SCHOLARSHIPS 207 7464617 CASH VALUE TUITION & FEES OTHER STUDENT SUPPORT 51 2173 225022 CASH VALUE OTHER STUDENT SUPPORT PART I, LINE 2: GRANTS ARE PROVIDED VIA A REDUCTION IN TUITION. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CURTIS MARGARITA O'BYRNE HEAD OF SCHOOL/TRUSTEE 373323 0 0 0 23613 0 131370 0 53368 0 581674 0 0 0 FINAN KEITH CFO 215000 0 0 0 17250 0 30274 0 16441 0 278965 0 0 0 POND DAVID ASSOCIATE HEAD/DIRECTOR OF DEVELOPME 283481 0 0 0 0 0 40672 0 39374 0 363527 0 0 0 HAGAMEN THOMAS SCHOOL PHYSICIAN 155206 0 0 0 17250 0 22445 0 42197 0 237098 0 0 0 TAYLOR JOHN DEAN OF FACULTY 144722 0 0 0 17250 0 20718 0 60415 0 243105 0 0 0 SHEPHERD WENDY DIRECTOR OF ITS 152174 0 0 0 0 0 19284 0 8536 0 179994 0 0 0 WARSAW PETER ACADEMIC DEAN 149914 0 0 0 0 0 19338 0 29298 0 198550 0 0 0 ZOLKOS TIMM DIRECTOR OF CAPITAL GIVING 129807 0 0 0 17250 0 18632 0 5545 0 171234 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS ALLOWED FOR INTERNATIONAL TRIPS ONLY. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE HEAD OF SCHOOL AND SPOUSE, TO ASSIST THEM IN FULFILLING THEIR RESPONSIBILITIES AND DUTIES TO THE ACADEMY. THESE POLICIES ARE IN WRITING. EMPLOYEES WHO ARE PROVIDED HOUSING ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THESE HOMES ARE AVAILABLE FOR HOUSING VISITORS AND FOR OTHER USES DURING SCHOOL SPONSORED EVENTS. PART I, LINE 1B FIRST CLASS TRAVEL IS ALLOWED FOR INTERNATIONAL TRIPS ONLY. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE HEAD OF SCHOOL AND SPOUSE, TO ASSIST THEM IN FULFILLING THEIR RESPONSIBILITIES AND DUTIES TO THE ACADEMY. THESE POLICIES ARE IN WRITING. PART I, LINE 4B MARGARITA O'BYRNE CURTIS PARTICIPATES IN A 457(F) PLAN. SEPARATELY, MARGARITA O'BYRNE CURTIS AND DAVID POND HAVE NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH THE ACADEMY. NO PAYMENTS WERE MADE FROM THESE DURING CALENDAR YEAR 2013. A MA DEVELOPMENT FINANCE AGENCY 043431814 57583R3N3 2010-11-10 42925825 TO REFUND PRIOR ISSUES DATED 11/1/1997, 6/26/2003, & 7/16/2008. 0 0 0 B MA DEVELOPMENT FINANCE AGENCY 043431814 2013-05-02 15000000 TO EXPAND AND RENOVATE THE FINE ARTS BUILDING 0 0 0 A 42925825 40506 42328508 556811 2010 1 1 1 1 B 15000000 107600 10812061 4080339 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 HESS CORP JOHN HESS IS A TRUSTEE OF DEERFIELD AND AN OFFICER OF HESS CORP. 640437 FUEL OIL SUPPLIER TO DEERFIELD 0 MANNING CURTIS SPOUSE OF HEAD OF SCHOOL 42237 EMPLOYMENT 0 X 133 3563817 MARKET VALUE X CHINA TRIP EX 1 235779 ACTUAL COST X ROWING MACHIN 1 8130 ACTUAL COST 1 0 1 1 PART I, LINE 32B: DEERFIELD ACADEMY USES A STOCKBROKER TO SELL GIFTS OF PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION A, LINE 7A EXISTING BOARD MEMBERS VOTE IN NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 COPIES OF THIS 2013 FORM 990 WERE SENT TO THE AUDIT COMMITTEE AND THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER, WHICH REPRESENTS APPROXIMATELY 30% OF THE ENTIRE BOARD. PRIOR TO FILING, A MEETING WITH THE AUDIT COMMITTEE MEMBERS AND MANAGEMENT TOOK PLACE IN ORDER TO REVIEW THE RETURN AND ANSWER ALL QUESTIONS. THIS FORM 990, EXCLUDING SCHEDULE B, WAS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS PROHIBIT A TRUSTEE FROM VOTING, APPROVING, OR MAKING A RECOMMENDATION REGARDING A TRANSACTION BETWEEN THE ACADEMY AND AN ENTITY IN WHICH THE INDIVIDUAL OR A MEMBER OF HIS OR HER FAMILY HAS AN OWNERSHIP INTEREST. FORM 990, PART VI, SECTION B, LINE 15A DEERFIELD ACADEMY'S BOARD OF TRUSTEES OVERSEES THE COMPENSATION OF THE ACADEMY'S TOP MANAGEMENT OFFICIALS. HEAD OF SCHOOL - THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR THE POSITION OF HEAD OF SCHOOL TO ENSURE SALARIES ARE REASONABLE AND APPROPRIATE TO THE MARKET. MINUTES OF THE PERSONNEL & COMPENSATION COMMITTEE MEETING ARE MAINTAINED DOCUMENTING THE DISCUSSIONS REGARDING THE SALARY SETTING FOR THE HEAD OF SCHOOL. SENIOR STAFF - THE HEAD OF SCHOOL REVIEWS, IN CONJUNCTION WITH THE PRESIDENT OF THE BOARD, SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR OTHER TOP MANAGEMENT OFFICIALS, TO ENSURE SALARIES ARE REASONABLE AND APPROPRIATE TO THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.