2014-02-14T08:55:07-07:00 2013-06-30 990 2012-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty 6179935313 2014-02-10 2012 2015-11-30 17:44:51Z Jay Bounty Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 37022252 0 X www.belmonthill.org X 1923 MA Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility and a passion for lifelong learning. 35 35 289 300 -185488 279751 9766349 13632771 17125361 18385182 2235285 717644 75276 -336823 29202271 32398774 3266893 3515827 0 0 12212479 13011584 0 0 1956125 9670370 15381789 25149742 31909200 4052529 489574 130313372 147583951 42718925 47104732 87594447 100479219 Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty, and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage, and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility, and a passion for lifelong learning. 0 0 18097674 3467643 17203201 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. 786440 48184 1181981 Educational institutions and related activities: Educated 602 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. Instructional program for another 632 boys and girls, ages 6 to 14, in athletic skills camps and art workshops, one to three weeks in length with emphasis on instruction and skill development. 0 0 0 18884114 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 88 0 1 289 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Naomi Aberly 1 0 X 0 0 0 Dewey Awad 1 0 X 0 0 0 David Bright 1 0 X 0 0 0 William Byrnes 1 0 X 0 0 0 Mark Chandler 1 0 X 0 0 0 Frederick Chicos 1 0 X 0 0 0 John Connors III 1 0 X 0 0 0 John Connors Jr 1 0 X 0 0 0 Roy Coppedge III 1 0 X 0 0 0 Jeffrey Drucker 1 0 X 0 0 0 Ronald Druker 1 0 X 0 0 0 Sandy Fenwick 1 0 X 0 0 0 Warren Fields 1 0 X 0 0 0 Ruthanne Fuller 1 0 X 0 0 0 Scott Gieselman 1 0 X 0 0 0 Michael Gordon 1 0 X 0 0 0 John Grady 1 0 X 0 0 0 Danielle Heard 1 0 X 0 0 0 Amos Hostetter 1 0 X 0 0 0 Jason Hurd 1 0 X 0 0 0 Gerald Jordan 1 0 X 0 0 0 Stephen Karp 1 0 X 0 0 0 Jonathan Kraft 1 0 X 0 0 0 Emmett Lyne 1 0 X 0 0 0 Martin Mannion 1 0 X 0 0 0 Carl Martignetti 1 0 X 0 0 0 Marilyn McGrath 1 0 X 0 0 0 Kevin Mundt 1 0 X 0 0 0 Rachel Stettler 1 0 X 0 0 0 Sarah Williamson 1 0 X 0 0 0 Mark Wolpow 1 0 X 0 0 0 Jon Biotti 1 0 X X 0 0 0 William Achtmeyer 1 0 X X 0 0 0 Anthony Ryan 1 0 X X 0 0 0 Richard Melvoin 50 0 X X X 373866 0 107000 Jay Bounty 50 0 X X 216273 0 48570 Beverly Coughlin 50 0 X 249160 0 31803 Edward Gallagher 0 0 X 172729 0 27476 John MacLean 0 0 X 150047 0 26638 Richard Hoffman 50 0 X 127719 0 17303 Steven Armstrong 50 0 X 115753 0 106701 Donald Bradley 50 0 X 108041 0 100606 1513588 0 466097 11 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 878421 Valley Crest Landscape Development PO Box 404083 Atlanta GA 303844083 Landscape Construction 635520 Quirk Construction 1 Martel Way Georgetown MA 01833 Landscape Construction 557698 Prospect Building Services Corporation 360 Pearl Street Malden MA 02148 Custodial Services 400542 Bedford Charter Service 11 Railroad Avenue Bedford MA 01730 Transportation for students 383611 7 0 0 176065 0 0 13456706 5402598 13632771 Tuition and Fees 900099 17147939 17147939 0 0 Summer Programs 900099 1181981 1181981 0 0 Student Activities 900099 55262 55262 0 0 0 0 0 0 18385182 534507 533021 0 1486 29 29 0 0 0 0 0 0 478951 0 1186227 0 -707276 0 -707276 0 -185488 -521788 3173486 5000 2995378 0 178108 5000 183108 183108 0 0 34287 176065 43981 -9694 0 -9694 0 0 0 0 0 0 418476 397892 20584 20584 0 0 School Bus Transportation 900099 255330 255330 0 0 Programs for Parents and Alumni 900099 52870 52870 0 0 Insurance Dividends 900099 45751 45751 0 0 5612 5612 0 0 359563 32398774 19481487 -185488 -529996 0 0 3515827 3515827 0 0 0 0 893665 0 617665 276000 0 0 0 0 9058524 6608213 1884733 565578 629652 460484 130121 39047 1737583 1164017 431058 142508 692160 463682 171710 56768 0 0 0 0 47358 0 47358 0 65051 700 64351 0 0 0 0 0 0 0 115710 0 115710 0 964389 683714 149593 131082 39149 20478 18671 0 788426 472159 194161 122106 404025 253228 113698 37099 0 0 0 0 1580770 1448073 102772 29925 127089 97588 3492 26009 0 0 0 0 49877 31164 15052 3661 1065335 1065335 0 0 0 0 0 0 1688670 1531354 121839 35477 153937 65996 87941 0 Defeasance Expense 6410621 0 6410621 0 Student Food Services 699650 699650 0 0 Entertainment 375726 38685 67832 269209 Printing and Publications 366046 115401 124387 126258 439960 148366 196196 95398 31909200 18884114 11068961 1956125 500 500 6728883 10923427 4144806 6043259 116594 129844 0 0 0 0 0 0 71775 68840 890860 740274 61325688 23554041 37003060 37771647 18234687 18301964 62996215 73478204 0 0 0 0 125992 125992 130313372 147583951 1574259 1636291 0 0 2992107 2913441 32075000 7423000 0 0 0 0 5988000 35132000 0 0 89559 42718925 47104732 X 71814856 78359585 7869425 14135263 7910166 7984371 87594447 100479219 130313372 147583951 X 489574 12292442 0 0 0 102756 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79210331 4015988 12902485 0 3850140 0 92278664 77852961 4691019 92070 0 3425719 0 79210331 59853912 9817081 11771878 0 3589910 0 77852961 50387622 6270635 6108188 0 2912533 0 59853912 61650868 4073479 -12602691 0 2734034 0 50387622 0.86 0.08 0.06 0 0 0 5279242 5279242 0 42254190 15448215 26805975 0 6221592 2137144 4084448 0 3994002 3442706 551296 0 3576662 2525976 1050686 37771647 0 0 Limited Partnerships and Alternative Inv 73357004 F Real Estate 121200 F 73478204 42682776 12292442 0 0 1623097 13915539 28767237 115710 3515827 3631537 32398774 29798004 0 0 0 1520341 1520341 28277663 115710 3515827 3631537 31909200 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special event expenses $43,981, Cost of goods sold $397,891, Gain on disposal of fixed asset ($5,002), and Rental expenses $1,186,227. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $3,515,827. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special event expenses $43,981, cost of goods sold $397,891, gain on disposal of fixed asset ($5,002), rental expenses $1,186,227, and gain in the value of split interest agreements ($102,756). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $3,515,827. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Belmont Hill School publishes its racially non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Sawyer Golf Tournament and Peggy Corbett Day 210352 176065 34287 0 0 1500 28779 7185 6517 0 0 210352 176065 34287 0 0 1500 28779 7185 6517 43981 -9694 1 Financial aid awards for school year 117 0 3467643 By need Tuition aid and discounts for summer programs 298 0 48184 Aid to individuals living in Belmont and by need Tuition discounts SchI_P01_S00_L02 Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return 2. A completed "Parents Financial Statement" provided by the school and the student service for financial aid (SSS). SSS analyzes the "Parents Financial Statement" and makes a recommendation regarding financial need to the school for its consideration. The school makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Melvoin 343198 0 0 0 30668 0 22500 0 67000 0 463366 0 0 0 Beverly Coughlin 249160 0 0 0 0 0 25000 0 6803 0 280963 0 0 0 Jay Bounty 198773 0 0 0 17500 0 11050 0 20020 0 247343 0 0 0 Steven Armstrong 115753 0 0 0 0 0 9800 0 96900 0 222453 0 0 0 Donald Bradley 108041 0 0 0 0 0 13631 0 86975 0 208647 0 0 0 Edward Gallagher 172729 0 0 0 0 0 16836 0 10640 0 200205 0 0 0 John MacLean 150047 0 0 0 0 0 13256 0 13382 0 176685 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Richard I. Melvoin is required to stay on campus to perform his duties as Head of School. Included in Richard I. Melvoin's column D for 2012 is an amount for 5% of the value of his house with utilities totaling $48,000, along with $3049 for housekeeping's charge to clean the house. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the CFO, and key employees, namely the Director of Development. A Massachusetts Development Finance Agency 043431814 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 A 0 0 7423000 0 0 7380142 42858 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.023 0.019 0.042 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SchK_P04_S00_L02c Schedule K, Part IV, Line 2c The proceeds were used to advance refund a portion of the School's Series 2007 bonds. By verification report dated August 9, 2012 issued by Causey Demkin & Moore P.C., the yield on the Series 2012B bonds is in excess of the yield on the U.S. Treasury Securities held in escrow to pay the debt service requirements of the Series 2007 bonds. Accordingly, the Series 2012B bond is not an "arbitrage bond" under Section 148 of the Internal Revenue Code of 1986, as amended. X 9858 Cost of Flowers and a piano X 42 3312324 FMV on date of gift X Technology Gift 1 181964 Market value of technology 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 John Connors Jr is the father of John Connors III. Both individuals are trustees of the School. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A complete copy of the Form 990 (with the exception of the detailed donor information provided on Schedule B which the School has determined not to disclose to members of the Board of Trustees) was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal section of the School's website. All trustees were invited to review and comment on the Form 990 prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation. F990_P06_S0C_L18 Form 990, Part VI, Section C, Line 18 The School's Form 990 is attached to the Massachusetts Form PC filed each year with the Attorney General of the Commonwealth of Massachusetts and is available for public inspection at the office of the Attorney General of the Commonwealth of Massachusetts. The School's Form 990-T and Form 1023 are available to the general public upon request. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The School's Articles of Organization are available for public inspection at the office of the Secretary of State of the Commonwealth of Massachusetts. The School's by-laws and the annual audited financial statements (which are attached to the Massachusetts Form PC filed each year with the Attorney General of the Commonwealth of Massachusetts) are available for public inspection at the office of the Attorney General of the Commonwealth of Massachusetts. The School does not make its conflict of interest policy available to the public. F990_P11_S00_L09 Form 990, Part XI, Line 9 Other changes in net assets are the change in split interest agreements $102,756. BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 199214 5509249 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 1524411 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 1891795 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1536881 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774554 Belmont Hill School Inc