2014-01-30T14:52:24-06:00 2013-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2012-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 STEPHEN THEROUX 6037356000 2014-01-16 1 W JAY SIMMS P00435321 6036530044 2014-01-16 2012 2015-11-30 17:44:51Z MICHAEL HENRIQUES PO BOX 500 ANDOVER NH 03216 25273077 0 X PROCTORACADEMY.ORG X 1848 NH TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIMENTAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 22 22 338 100 190583 -47441 5523778 3928781 16939440 18254228 1043075 2688480 137219 121182 23643512 24992671 2837779 2966812 0 0 8842304 9044773 0 0 942046 8290241 9466981 19970324 21478566 3673188 3514105 57643120 59867234 21556952 19160841 36086168 40706393 X TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIMENTAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 12366802 2966812 18324604 EDUCATING 360 HIGH SCHOOL STUDENTS TAUGHT BY 80 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 12366802 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 125 0 1 338 1 1 1 1 FR SP 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PROCTOR ACADEMY 6037356000 BUSINESS OFFICE 204 MAIN ST ANDOVER NH 03216 MARK LOEHR 1.00 X X 0 0 0 SALLY B DOWNEY 1.00 X X 0 0 0 JEFFREY HOWARD 1.00 X X 0 0 0 STEPHEN THEROUX 1.00 X X 0 0 0 MARK BEGOR 1.00 X 0 0 0 CHARLES BENEVENTO 1.00 X 0 0 0 ELIZABETH BLODGETT-SMITH 1.00 X 0 0 0 WILBUR BOLTON III 1.00 X 0 0 0 KAREN BONEWALD 1.00 X 0 0 0 IDOLINE DUKE 1.00 X 0 0 0 ALEXANDER ESTIN 1.00 X 34750 0 6717 JERRY GROTE 1.00 X 0 0 0 STACEY HERLITZ 1.00 X 0 0 0 KATIE KIDDER 1.00 X 0 0 0 ANNE LANDERS 1.00 X 0 0 0 TIM MILNER 1.00 X 0 0 0 MARY PRESSMAN 1.00 X 0 0 0 CHRIS RAY 1.00 X 0 0 0 GREGORY SHINE 1.00 X 0 0 0 KELLY VERROCHI 1.00 X 0 0 0 TRAVIS WARREN 1.00 X 0 0 0 GREGORY WEISSMAN 1.00 X 0 0 0 PAUL WHYTE 1.00 X 0 0 0 MICHAEL HENRIQUES 40.00 X 203252 0 64806 JOHN FERRIS 40.00 X 136482 0 13594 374484 0 85117 2 0 1 0 0 3928781 148621 3928781 TUITION & FEES 611710 16744495 16744495 PROGRAM SUPPORT REVENU 611710 852883 852883 SUMMER PROGRAM REVENUE 611710 656850 656850 18254228 424474 424474 29037 12146 16891 16891 16891 2241077 22929 0 0 2241077 22929 2264006 2264006 23349 11776 11573 11573 151187 256484 -105297 -105297 SKI HILL INCOME 713990 112711 7432 105279 HOCKEY RINK INCOME 713940 66436 66436 GORDON RESEARCH CONFER 722410 18868 18868 198015 24992671 18261660 190583 2611647 X 2966812 2966812 421264 421264 6225477 3949297 1858956 417224 467390 295144 141065 31181 1357828 818210 453178 86440 572814 342301 194351 36162 38680 38680 66786 66786 147774 147774 12547 11349 1198 104605 104605 216697 27227 189470 99694 99694 1549736 1549736 79114 19868 59246 390155 303 389852 1769939 1769939 269728 252185 17543 INSTRUCTIONAL ATHLETICS 700257 700257 OFF-CAMPUS PROGRAMS 644586 644586 FOOD SERVICE 578448 578448 ALLOWANCE FOR DOUBTFUL 455547 455547 2342688 1792032 240061 310595 21478566 12366802 8169718 942046 349153 404860 3006540 2297283 139712 115126 171282 248438 186872 206084 50358442 21053496 26346271 29304946 21623002 22371259 3096252 3133752 2724036 1785486 57643120 59867234 1811018 1597049 4734391 4478601 10693667 10461728 228132 154866 4089744 2468597 21556952 19160841 X 18372244 21007102 4651991 5852122 13061933 13847169 36086168 40706393 57643120 59867234 X 3514105 -614130 359611 1360639 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18719162 406562 1820978 1017000 19929702 19978434 456437 -753709 962000 18719162 17733643 262210 3091581 1109000 19978434 16426350 377122 1925171 995000 17733643 0.27990 0.67580 0.04430 0 0 1880741 1880741 41257343 17107784 24149559 7220358 3945712 3274646 29304946 LAND HELD FOR INVESTMENT 3133752 C 3133752 CAPITAL LEASE OBLIGATIONS 158993 RETIREMENT OBLIGATIONS 309604 SHORT-TERM NOTES PAYABLE 2000000 2468597 22514430 -614130 256484 -357646 22872076 147774 1972821 2120595 24992671 18253816 333640 333640 17920176 147774 3410616 3558390 21478566 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 256,484. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,966,812. GAIN/LOSS ON GIFT OF STOCK 33. ALLOWANCE FOR DOUBTFUL PLEDGES 455,547. FUNDRAISING EXPENSES -11,776. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES -1,425,649. RENTAL EXPENSES -12,146. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 333,640. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,966,812. GAIN/LOSS ON GIFT OF STOCK 33. ALLOWANCE FOR DOUBTFUL PLEDGES 455,547. FUNDRAISING EVENT EXPENSES -11,776. 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 PROCTOR ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE CONCORD MONITOR NEWSPAPER ANNUALLY IN SEPTEMBER. THE POLICY IS PUBLICIZED ON THE PROCTOR ACADEMY'S WEBSITE. FRANCE 1 2 PROGRAM SERVICES STUDY ABROAD TERM 187659 SPAIN 1 2 PROGRAM SERVICES STUDY ABROAD TERM 268612 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TERM 52816 2 4 0 0 2 4 509087 0 509087 0 0 0 0 0 0 X X X X X 0 ANNUAL GOLF TOURNAMENT 23349 23349 8800 2976 23349 23349 8800 2976 11776 11573 0 FINANCIAL AID & TUITION REMISSION. 110 2966812 FMV SCHOLARSHIPS AND OTHER FINANCIAL AID FOR STUDENTS. THE DIRECTOR OF FINANCIAL AID MAINTAINS THE RECORDS, AND THE CHIEF FINANCIAL & OPERATING OFFICER CONFIRMS THE TOTAL FINANCIAL AID TO THE BUDGETED AMOUNT. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HENRIQUES 203252 0 0 0 0 0 15525 0 49281 0 268058 0 0 0 JOHN FERRIS 136482 0 0 0 0 0 6297 0 7297 0 150076 0 0 0 PART I, LINE 1A ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. AS A CONDITION OF EMPLOYMENT AS HEAD OF SCHOOL AND IN ORDER TO FULFILL RESPONSIBILITIES AS HEAD OF SCHOOL, AND FOR THE CONVENIENCE OF THE SCHOOL THE HEAD OF SCHOOL WILL BE PROVIDED WITH HOUSING ON THE MAIN CAMPUS OF THE SCHOOL, WHICH INCLUDES PAYMENT OF ALL UTILITIES. A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 644614AG5 2010-12-15 10175000 FINANCE EXISTING DEBT AND SUBSIDIZE DEFERRED MAINTENANCE PROJECTS 1 0 0 B STATE OF NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY 521304598 64468KAD8 2010-12-15 518667 FINANCE EXISTING DEBT AND SUBSIDIZE DEFERRED MAINTENANCE PROJECTS 1 0 0 A 10175000 2010 0 0 0 1 B 518667 2010 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 STEPHEN THEROUX PRESIDENT OF THE BOARD OF DIRECTORS 547078 STEPHEN THEROUX IS AN OFFICER OF LAKE SUNAPEE BANK THE PURCHASER OF THE THE SCHOOL'S OUTSTANDING SERIES 2010A BOND ISSUED FOR $10,175,000 AND 2010B BOND ISSUED FOR $518,667. THE BONDS WERE ISSUED DURING 2011. 0 X 34 126860 FAIR MARKET VALUE X GIFTS-IN-KIND 38 21761 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: PROCTOR HAS AN ACCOUNT AT MORGAN STANLEY AND ALL STOCK GIFTS ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THE FINANCE COMMITTEE INCLUDING THE PRESIDENT AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE ASKED ANNUALLY TO REPORT ON ANY CONFLICTS OF INTERESTS THAT THEY MAY HAVE. THAT INFORMATION IS ANNOUNCED PUBLICLY TO THE REST OF THE BOARD AND POSTED INTO THE NEWSPAPER. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE AND PRESIDENT USE THE INDEPENDENT SCHOOLS ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES TO DETERMINE THE HEAD OF SCHOOLS COMPENSATION. ADDITIONALLY, THE HEAD OF SCHOOL UTILIZES ISANNE TO DETERMINE ADMINISTRATIVE PAY CHARTS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 24E GORDON RESEARCH PROGRAM - SUMMER: PROGRAM SERVICE EXPENSES 398,385. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 398,385. GENERAL INSTRUCTION: PROGRAM SERVICE EXPENSES 372,693. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,693. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 2,124. MANAGEMENT AND GENERAL EXPENSES 206,843. FUNDRAISING EXPENSES 159,110. TOTAL EXPENSES 368,077. HEALTH SERVICE: PROGRAM SERVICE EXPENSES 276,564. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276,564. OCEAN CLASSROOM: PROGRAM SERVICE EXPENSES 233,239. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,239. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 220,962. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,962. MOUNTAIN CLASSROOM: PROGRAM SERVICE EXPENSES 140,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,597. FUNCTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 121,658. TOTAL EXPENSES 121,658. STUDENT LOUNGE: PROGRAM SERVICE EXPENSES 57,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,072. SKI HILL EXPENSES: PROGRAM SERVICE EXPENSES 42,698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,698. CAMPAIGN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 29,827. TOTAL EXPENSES 29,827. BAD DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 19,640. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,640. DUES & MEMBERSHIPS: PROGRAM SERVICE EXPENSES 9,447. MANAGEMENT AND GENERAL EXPENSES 6,781. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,228. WOODLANDS: PROGRAM SERVICE EXPENSES 11,527. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,527. PAYROLL EXPENSE: PROGRAM SERVICE EXPENSES 11,142. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,142. COMMUNITY CLASSROOM EXPENSE: PROGRAM SERVICE EXPENSES 9,041. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,041. TRUSTEE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,797. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,797. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 6,541. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,541. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE 1,425,649. DAYCARE EXPENSES 12,146. COST OF GOODS SOLD -77,156. PROCTOR ACADEMY HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR RECOMMENDING AN INDEPENDENT AUDITOR TO THE BOARD OF TRUSTEES, INCLUDING COMPENSATION, AND REVIEWING THE AUDITED FINANCIAL STATEMENTS.