2014-05-15T13:56:10-05:00 2013-06-30 043121055 KIRKLAND ALBRECHT & FREDRICKSON LLC 10 FORBES ROAD WEST BRAINTREE MA 02184 990 2012-07-01 042103564 GOVERNOR DUMMER ACADEMY THE GOVERNOR'S ACADEMY GOVE 9784651763 1 ELM STREET BYFIELD MA 01922 CHRISTOPHER V WEJCHERT 9784651763 2014-05-14 1 MICHAEL HINCHEY P00451160 7813562000 2014-05-14 2012 2015-11-30 17:44:51Z THE GOVERNOR'S ACADEMY CHRISTOPHER V WEJCHERT 1 ELM STREET BYFIELD MA 01922 36306068 0 X WWW.THEGOVERNORSACADEMY.ORG X 1763 MA THE LONGEST CONTINUING INDEPENDENT BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. 29 29 257 500 0 -10240 7979035 2693969 17055525 17695000 8505537 10522062 629901 472447 34169998 31383478 3672379 3816966 0 0 10568631 11318944 0 0 2491332 9825634 10628769 24066644 25764679 10103354 5618799 136063458 139178454 39451408 39192754 96612050 99985700 X LASTING BONDS AMONG STUDENTS AND FACULTY ARE HALLMARKS OF OUR CAMPUS COMMUNITY. LIFE AT THE ACADEMY IS ALSO INFLUENCED BY OUR MANY TRADITIONS INCLUDING JUMPING THE WALL AT COMMENCEMENT, HOSTING THE SPECIAL OLYMPICS, CELEBRATING FOUNDERS DAY, AND ENJOYING SATURDAY EVENINGS IN THE HEADMASTER'S HOME. IT IS IN THESE TRADITIONS AND COMMUNITY EVENTS THAT THE SPIRIT OF THE ACADEMY COMES TO LIFE. AS THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE UNITED STATES, WE HAVE ALWAYS CHERISHED THE POSSIBILITIES OF THE FUTURE AS MUCH AS WE CHERISH OUR TRADITIONS. STUDENTS BECOME PART OF AN EXCITING HISTORY OF PROGRESS AND SERVICE FROM WHICH SPRING THE SCIENTISTS, ARTISTS, ATHLETES, WRITERS, INNOVATORS AND LEADERS OF TOMORROW. VISITORS TO OUR CAMPUS FEEL IT RIGHT AWAY-THE SENSE OF POSSIBILITY, THAT YOU CAN DO ANYTHING, TRY ANYTHING. <CONTINUED BELOW> 0 0 19772518 3816966 17895203 THE GOVERNOR'S ACADEMY PROVIDES A CAREFULLY THOUGHT OUT AND RIGOROUS EDUCATIONAL EXPERIENCE THAT ENCOMPASSES ACADEMIC WORK, ATHLETICS, THE ARTS AND SERVICE. IN SMALL CLASSES LED BY TALENTED TEACHERS WHO INSPIRE A LIFELONG LOVE OF LEARNING AND AN UNQUENCHABLE CURIOSITY ABOUT THE WORLD. HERE STUDENTS DISCOVER NEW WORLDS - IN INTELLECTUAL INQUIRY. CLASSES ARE 45-90 MINUTES LONG, MEETING 3 TIMES A WEEK. THE AVERAGE CLASS SIZE IS APPROXIMATELY 13 STUDENTS. LIVING AND LEARNING WITH BOYS AND GIRLS FROM A RANGE OF BACKGROUNDS AND LIFE EXPERIENCES, OUR STUDENTS GAIN A BROADER UNDERSTANDING OF THE WORLD. WE HAVE MORE THAN 390 STUDENTS IN GRADES 9-12. OUR ENROLLMENT INCLUDES 13 PERCENT STUDENTS OF COLOR AND 12 PERCENTS INTERNATIONAL STUDENTS. TWO-THIRDS OF OUR STUDENTS BOARD; ONE-THIRD ARE DAY STUDENTS. ACADEMICALLY WE OFFER HONORS AND ADVANCED PLACEMENT COURSES, AS WELL AS INDEPENDENT STUDY IN ALL DEPARTMENTS. ATHLETES PARTICIPATE IN THE ISL LEAGUE OF 16 SCHOOLS LOCATED IN THE GREATER BOSTON AREA. WE OFFER MORE THAN 50 INTERSCHOLASTIC TEAMS FROM VARSITY TO THIRDS. OUR EFFORTS CONTINUE TO EXPAND IN PROVIDING GLOBAL UNDERSTANDING AND EXPERIENCES FOR OUR STUDENTS THROUGH EXCHANGE PROGRAMS. CURRENTLY OUR EXCHANGES ARE IN CHINA, SOUTH AFRICA AND THE NAVAJO PREPARATORY SCHOOL. STUDENTS SPEND TIME AT SCHOOLS ACROSS THE GLOBE, AND THEN THOSE FOREIGN STUDENTS AND TEACHERS COME TO OUR CAMPUS, WHERE THEY LIVE IN THE DORMS AND TAKE PART IN CLASSES AND ACTIVITIES. WE ARE DEVELOPING COURSES WITH A GLOBAL PERSPECTIVE, INCLUDING MODERN CHINESE HISTORY AND AFRICAN HISTORY. FOREIGN LANGUAGE STUDENTS - IN CHINESE, SPANISH, FRENCH, GERMAN AND LATIN - ENRICH THEIR LEARNING WITH TRIPS ABROAD AND LANGUAGE CLUB OUTINGS. 19772518 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 106 0 1 257 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X CHRISTOPHER V WEJCHERT 9784651763 1 ELM STREET BYFIELD MA 01922 JEFFREY L GORDON 5.00 X X 0 0 0 JAMES L RUDOLPH 5.00 X X 0 0 0 STEVEN G SHAPIRO 5.00 X X 0 0 0 JAMES M PIERCE 5.00 X X 0 0 0 REV ADRIENNE BERRY-BURTON 5.00 X 0 0 0 WILLIAM BRINE 5.00 X 0 0 0 GRAHAM COLE 5.00 X 0 0 0 WENDY B COWIE 5.00 X 0 0 0 JONATHAN J DOYLE 5.00 X 0 0 0 HENRY B EATON 5.00 X 0 0 0 BEVERLY R GIBLIN 5.00 X 0 0 0 STEPHEN G KASNET 5.00 X 0 0 0 PAUL MCKEON 5.00 X 0 0 0 KARA MOHEBAN MCLOY 5.00 X 0 0 0 THOMAS M MERCER JR 5.00 X 0 0 0 KATHY HINES 5.00 X 0 0 0 SPENCER PURINTON 5.00 X 0 0 0 AARON M SELLS 5.00 X 0 0 0 DAVID SPLAINE 5.00 X 0 0 0 WILLIAM L ALFOND 5.00 X 0 0 0 FRANCESCA DEMEO 5.00 X 0 0 0 SONG-HYUK BANG 5.00 X 0 0 0 MARGO L DHALIWAL 5.00 X 0 0 0 MARK WHISTON 5.00 X 0 0 0 GRETCHEN ES FORSYTH 5.00 X 0 0 0 GARY A RODGERS 5.00 X 0 0 0 GEORGE S SCHARFE 5.00 X 0 0 0 BRUCE C TURNER 5.00 X 0 0 0 DAN GUYTON 5.00 X 0 0 0 PETER QUIMBY 50.00 X 272938 0 108909 ANN WARDWELL 50.00 X 169546 0 25286 HUGH MCGRAW 50.00 X 177082 0 11091 JOHN DOGGETT 40.00 X 273582 0 26025 LYNDA FITZGERALD 50.00 X 109875 0 20149 ALFRED PARNELL 50.00 X 106345 0 1355 1109368 0 192815 6 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION 3551307 US FOODSERVICE PO BOX 3155 BOSTON MA 022413155 DINING HALL FOOD 438779 PBSC 360 PEARL STREET MALDEN MA 02148 CLEANING SERVICE 259877 DIRECT ENERGY BUSINESS PO BOX 70220 PHILADELPHIA PA 191760220 ELECTRIC UTILITIES 257225 US SECURITY ASSOCIATES INC P O BOX 931703 ATLANTA GA 31193 SECURITY 159074 16 -10111 2704080 832739 2693969 TUITION 611600 17056255 17056255 SUMMER PROGRAMS 713990 323594 323594 STUDENT FEE INCOME 611710 315151 315151 17695000 2734107 2734107 272244 0 272244 272244 272244 12480995 4693040 7787955 7787955 7787955 70876 -10111 70876 0 220602 158674 61928 61928 MISCELLANEOUS 900099 138275 138275 138275 31383478 17895203 0 10794306 3816966 3816966 540348 243644 174882 121822 8226127 6637130 968245 620752 472344 472344 1366103 827262 451936 86905 714022 409157 252318 52547 390973 151106 236047 3820 12893 150 12743 174780 42217 75678 56885 319531 261407 15803 42321 1261580 1261580 74520 74520 111815 49354 53096 9365 1070842 1070842 1956862 1839478 97820 19564 603107 23589 579518 CAMPAIGN PROJECT EXPENS 1269889 1269889 OUTSIDE STAFFING 634082 634082 OPERATIONS & MAINTENANC 499269 301534 164780 32955 COST OF GOODS SOLD 465016 465016 1783610 1265660 417963 99987 25764679 19772518 3500829 2491332 66314 40445 9127583 7603354 5919958 2995116 225208 106839 6300 130096 29984 81797 93620 713923 359963 83246955 21435870 58450426 61811085 51500 60596 61296653 66071152 136063458 139178454 2013548 869810 6774097 5273945 22505000 21890000 1708720 6678347 6450043 4480652 39451408 39192754 X 61184766 66828862 10006795 7439289 25420489 25717549 96612050 99985700 136063458 139178454 5618799 -2245149 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 61348153 2429276 6316234 3961915 66131748 67502379 419108 -2895857 3677477 61348153 61149659 477411 10279795 4404486 67502379 57876141 677277 6039312 3443071 61149659 77538518 363231 -17052959 2972649 57876141 0.53190 0.38750 0.08060 0 0 69266993 16571245 52695748 5615620 3559690 2055930 8364342 1304935 7059407 61811085 LIMITED PARTNERSHIPS 5278776 F BENEFICIAL INTEREST IN PHILLIPS TRUSTS 6996293 F COMMONFUND INSTITUTIONAL FUNDS 52155290 F CHARITABLE GIFT ANNUITIES 1640793 F 66071152 ANNUITIES PAYABLE 651246 INTEREST RATE SWAP 3829406 4480652 X 29346645 -2245149 4025282 1780133 27566512 3816966 3816966 31383478 25972995 4025282 4025282 21947713 3816966 3816966 25764679 PART III, LINE 4: VARIOUS PAINTINGS THAT ARE DISPLAYED IN THE LIBRARY WHICH WERE DONATED TO THE SCHOOL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ACADEMYS ENDOWMENT FUNDS ARE USED TO SUPPORT MULTIPLE AREAS INCLUDING THE GENERAL OPERATIONS OF THE ACADEMY. THE ENDOWMENT HELPS SUPPORT FINANCIAL AID, FACULTY SALARIES AND BENEFITS, COMMENCEMENT PRIZES, PHYSICAL PLANT AND OTHER EXPENDITURES. TEMPORARY RESTRICTED GIFTS CAN HELP SUPPORT UNIFORMS, MUSICAL INSTRUMENTS, THE EXCHANGE PROGRAM, FINANCIAL AID FOR SPECIFIC NEEDS, AND BOOKS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT JUNE 30, 2013, MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. THE ACADEMY FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT APPROPRIATIONS FOR OPERATIONS AND DEBT SERVICE 3,795,732. FUNDRAISING EXPENSES INCLUDED IN INCOME 70,876. COST OF GOODS SOLD APPLIED AGAINST INCOME 158,674. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 3,816,966. PART XII, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT APPROPRIATION DRAW 3,795,732. FUNDRAISING EXPENSES INCLUDED IN INCOME 70,876. COST OF GOODS SOLD APPLIED AGAINST INCOME 158,674. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 3,816,966. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 GOVERNOR DUMMER ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY ON A SCHOOL BULLETIN AND IN BROCHURES. REUNION 60765 -10111 70876 70876 60765 -10111 70876 70876 70876 0 1 FINANCIAL AID 109 0 3816966 FMV SCHOLARSHIPS/FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS ALLOCATED ON A NEED BASED BASIS AT THE GOVERNOR'S ACADEMY. FOR NEW APPLICANTS TO THE SCHOOL, WE REQUIRE FAMILIES TO SUBMIT INCOME AND ASSET INFORMATION TO SSS, A FINANCIAL AID ASSESSMENT ORGANIZATION THAT OPERATES WITHIN NAIS. SSS PROVIDES FOR US A RECOMMENDED FAMILY CONTRIBUTION (RFC) AND, TO OUR ABILITY AND AFTER OUR EVALUATION OF A FAMILY'S SUBMISSION, WE WILL PROVIDE FINANCIAL AID TO A FAMILY THAT REPRESENTS THE DIFFERENCE BETWEEN THE RFC AND THE COST OF TUITION. WITH RESPECT TO MONITORING THE STUDENTS OVER TIME, FAMILIES MUST SUBMIT A FINANCIAL AID APPLICATION EACH YEAR AND THE RFC IS USED TO DETERMINE A FINANCIAL AID ALLOCATION EACH YEAR. X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 PETER QUIMBY 272938 0 0 0 0 0 76830 0 32079 0 381847 0 0 0 ANN WARDWELL 169546 0 0 0 0 0 0 0 25286 0 194832 0 0 0 HUGH MCGRAW 177082 0 0 0 0 0 0 0 11091 0 188173 0 0 0 JOHN DOGGETT 273582 0 0 0 0 0 0 0 26025 0 299607 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON CAMPUS HOUSING FOR THE HEADMASTER AND CHIEF FINANCIAL OFFICER TO PROVIDE AN ON CAMPUS PRESENCE TO DEAL WITH ASSORTED ISSUES AND EMERGENCIES. THE HEADMASTER DISCRETIONARY FUND OF $3,000 IS USED TO PAY FOR UNPLANNED SCHOOL ACTIVITIES. PER A CONTRACT BETWEEN THE ACADEMY AND HEADMASTER EMERITUS A GROSS UP PAYMENT WAS PROVIDED. THIS GROSS UP WAS PART OF A PORTION OF COMPENSATION AS IN RELATION TO HOUSING. THIS WAS A MUTUALLY AGREED UPON ARRANGEMENT BETWEEN THE INSTITUTION AND ONLY THIS INDIVIDUAL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGN9 2006-08-01 15000000 CONSTRUCTION OF DORM,MAINTENANCE BLDG,HOCKEY RINK,TURF FIELD,TENNIS COURTS 0 1 0 A 15000000 295724 14704276 2007 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 1 1 0 0 0 0 LYNDA FITZGERALD DEAN OF FACULTY FACULTY HOUSING LOAN X 21000 6300 0 1 1 6300 NEPHEW OF A DIRECTOR 35000 FINANCIAL AID X 10 832739 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KARA MCCLOY IS AN EMPLOYEE OF JIM RUDOLPH. BOTH INDIVIDUALS ARE BOARD TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 AFTER BEING DRAFTED BY THE TAX PREPARERS AND REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER, A VERSION OF THE FORM 990 IS SENT TO THE AUDIT COMMITTEE, INCLUDING THE TREASURER, FOR REVIEW BY THE COMMITTEE. ANY QUESTIONS RAISED BY COMMITTEE MEMBERS ARE BROUGHT BACK TO THE CFO AND THE TAX PREPARERS. ONCE QUESTIONS HAVE BEEN ANSWERED AND ANY NEEDED CHANGES MADE, A FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ISSUED ONCE A YEAR WITH AN ACKNOWLEDGEMENT TO BE SIGNED ASSURING THAT THE READER IS AWARE AND WILL COMPLY. ONCE THE ACKNOWLEDGEMENT IS SIGNED IT IS FILED IN THE CFO'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTERS COMPENSATION IS REVIEWED BY THE PRESIDENT OF THE BOARD AND THE OFFICERS OF THE ACADEMY, WITH SUPPORT FROM THE CFOS OFFICE WHICH PROVIDES RELEVANT AND COMPARABLE SALARY DATA FOR THIS POSITION. THE CFOS SALARY IS SET BY THE HEADMASTER. THE HEADMASTER AND THE CFO WORK TOGETHER IN SETTING THE FACULTY AND STAFF SALARY POOL, INCLUDING ANTICIPATED TURNOVER AND A BUDGET FOR REPLACEMENT PERSONNEL. ALL SALARY RECOMMENDATIONS ARE THEN INCORPORATED INTO THE DRAFT FISCAL YEAR BUDGET WHICH IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD THEN APPROVES THE BUDGET FOR IMPLEMENTATION. THE ORGANIZATION BENCHMARKS AND ANALYZES SALARIES AGAINST DATA FROM NATIONAL AND REGIONAL SCHOOL ASSOCIATIONS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE VIA A WRITTEN OR TELEPHONE REQUEST TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART III, LINE 1, CONTINUATION A HEALTHY ATMOSPHERE WHERE EVERY CLUB AND TEAM WELCOMES NEW MEMBERS, TEACHERS ENCOURAGE STUDENTS TO TAKE CLASSES AND JOIN ACTIVITIES OUTSIDE THEIR COMFORT ZONE, AND EVERYONE SUPPORTS EACH OTHER IN ANY ENDEAVOR. MOTIVATED STUDENTS FROM THE BOSTON AREA AND AROUND THE GLOBE COME TOGETHER IN WHAT MANY SAY FEELS LIKE A SECOND HOME. VIBRANT, FASCINATING PEOPLE-INCLUDING TEACHERS WHO ALSO SERVE AS COACHES AND MENTORS-FORM A UNIQUE SYNTHESIS OF CULTURES AND LIFE EXPERIENCES. GOVERNOR'S GLOBAL OUTLOOK INSPIRES EXCHANGE AND STUDY ABROAD PROGRAMS, COURSE OFFERINGS, CLASS ACTIVITIES AND THE WELCOMING, ACCEPTING ATMOSPHERE ON CAMPUS. THE CHALLENGE AND OPPORTUNITIES OF A QUINTESSENTIAL NEW ENGLAND BOARDING SCHOOL MERGE WITH A WARMTH AND OPENNESS TO NEW IDEAS AND NEW PEOPLE THAT HAS ALWAYS MADE GOVERNOR'S REFRESHINGLY DIFFERENT.