2015-01-13T13:57:02-06:00 2014-06-30 042943536 Tonneson & Company Inc 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2013-07-01 042104370 The Kingsley Montessori School Inc KING 6172264900 30 Fairfield Street Boston MA 02116 Renee DuChainey-Farkes Head of School 6175365984 2015-01-13 1 Cynthia P Almquist P01309212 7812459999 2015-01-12 2013 2016-02-25 16:41:14Z Renee Duchainey-Farkes 30 Fairfield Street Boston MA 02116 7940930 0 X www.kingsley.org X 1945 MA To provide education to students in grades Toddler to Sixth 22 21 106 50 0 0 571836 643995 6322045 7123098 1757 5774 81274 99796 6976912 7872663 175733 165700 0 0 3977958 4365910 47502 86523 315927 2378435 2586818 6579628 7204951 397284 667712 5154852 6114560 6633133 6925129 -1478281 -810569 To provide education to students in grades Toddler to Sixth 0 0 4987922 165700 7123098 The Kingsley Montessori School, Inc. maintains a non-profit private school and, in general, conducts activities for the promotion of education and instruction of students 4987922 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 106 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X Greg Fisher 6172264900 30 Fairfield Street Boston MA 02116 Renee DuChainey-Farkes Head of School 40.00 X X 205847 0 39355 Robert Reilly Chairman of the Board 1.00 X X 0 0 0 David Belluck Vice Chairman of the Board 1.00 X X 0 0 0 Greg Fisher Treasurer 1.00 X X 0 0 0 Monique Austin Clerk 1.00 X 0 0 0 Charlotte Hemr Assistant Clerk 1.00 X 0 0 0 Ashley Jacobs Chair Emeritus 1.00 X 0 0 0 Rob Adams Trustee 1.00 X 0 0 0 Kristin Forbes Trustee 1.00 X 0 0 0 Matthew Friedman Trustee 1.00 X 0 0 0 William Hess Trustee 1.00 X 0 0 0 Reid Jordan Trustee 1.00 X 0 0 0 Becky Kidder Smith Trustee 1.00 X 0 0 0 Christopher Kingsley Trustee 1.00 X 0 0 0 Lowell Kingsley Trustee Emeritus 1.00 X 25000 0 0 Susan Kluver Trustee 1.00 X 0 0 0 John Pena Trustee 1.00 X 0 0 0 Jill Shah Trustee 1.00 X 0 0 0 John Soukas Trustee 1.00 X 0 0 0 Marcus Springer Trustee 1.00 X 0 0 0 Kristina Stookey Trustee 1.00 X 0 0 0 Ken Tutunjian Trustee 1.00 X 0 0 0 Jason Weiner Trustee 1.00 X 0 0 0 Michael Grossman Director of Finance and Operations 40.00 X 104550 0 7956 335397 0 47311 2 0 1 0 0 22285 621710 10147 643995 Tuition and fees 611600 6640250 6640250 Other activities 611600 482848 482848 7123098 5774 5774 168063 22285 68267 99796 99796 7872663 7123098 0 105570 165700 165700 282372 282372 3270760 2353912 769708 147140 66179 56362 6349 3468 452458 327024 106635 18799 294141 198119 83832 12190 48707 48707 16911 16911 86523 86523 323867 169094 154773 746228 671605 74623 104615 94154 10461 335361 301825 33536 48474 48474 Student activities 217324 217324 Miscellaneous 154162 114921 39241 Repairs and maintenance 126476 126476 Strategic Consulting 93503 84937 8566 371190 221390 149800 7204951 4987922 1901102 315927 7381 10631 2252315 3006503 57093 57033 45324 15122 5462212 2578172 2649514 2884040 143225 141231 5154852 6114560 527234 542798 2783788 3167043 2851907 2775661 470204 439627 6633133 6925129 X -1663233 -955858 184952 145289 -1478281 -810569 5154852 6114560 667712 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37000 37000 1211331 661143 550188 3169394 1107397 2061997 1044487 809632 234855 2884040 Accrued Rent 439627 439627 X 7775230 68267 68267 7706963 165700 165700 7872663 7107518 68267 68267 7039251 165700 165700 7204951 Part X, Line 2: In accordance with Section 501(c)(3) of the Internal Revenue Code, the School is exempt from federal and state income taxes and, accordingly, the financial statements do not reflect a provision for income taxes. These determinations have been reviewed according to guidance in a recent Financial Accounting Standards Board pronouncement related to accounting for uncertainty in income taxes. In determining the recognition of uncertain tax positions, the School now applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2014, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The School is generally subject to potential examination by taxing jurisdictions for the prior three years. Part XI, Line 2d - Other Adjustments: Fundraising Expense 68,267. Part XI, Line 4b - Other Adjustments: Financial Aid 165,700. Part XII, Line 2d - Other Adjustments: Fundraising Expense 68,267. Part XII, Line 4b - Other Adjustments: Financial Aid 165,700. 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 Kingsley Montessori School publicizes their nondiscriminatory policy through The Boston Globe and certain other publications. X X X X X 1 Jaques & Company 254 Bay Road South Hamilton MA 01982 Development consulting 0 0 86523 -86523 86523 -86523 Gala 176520 22285 154235 64523 Miscellaneous Fundraising 13828 13828 3744 190348 22285 168063 68267 68267 99796 1 Financial Aid/Scholarship 16 165700 Part I, Line 2: A limited number of scholarships financed primarily by fundraising events are available depending on the current financial condition of the school. Scholarships are based upon need. The Financial Aid Committee has sole discretion in determining who is awarded a scholarship. X X X X 0 0 0 0 0 1 0 0 0 Renee DuChainey-Farkes Head of School 205847 0 0 0 0 0 17500 0 21855 0 245202 0 0 0 Part I, Line 6 The Head of School's bonus is contingent on the School meeting certain budget thresholds. A Massachusetts Development Finance Agency 043431814 2005-06-01 3360000 Finance renovation, furnishing & equipping of space leased & owned by School 0 0 0 A 584339 3360000 67200 3082800 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section A, line 2 Lowell Kingsley and Christopher Kingsley have a family relationship. Form 990, Part VI, Section B, line 11 Form 990 is first prepared by the outside auditors,and then reviewed by the Director of Finance and Operations. The return is then submitted for approval to the Audit Committee and prior to filing is made available to the Board of Trustees. Form 990, Part VI, Section B, line 12c Directors, trustees and key employees are required to disclose annually any interests because it is important for management and the board of trustees to be aware of any potential conflicts Form 990, Part VI, Section B, line 15a The process of determining compensation for the organization's Head of School includes engaging a consultant that utilizes Form 990 of similar organizations as benchmarks, review by the compensation committee, comparison to a relative compensation survey, and ultimately approval by the organization's Board of Trustees. Form 990, Part VI, Section C, line 19 The 990 is made available to the public upon request and through www.guidestar.com.