2014-10-22T08:05:12-05:00 2014-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2013-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 ANNETTE RAPHEL HEAD OF SCHOOL 6174843078 2014-10-08 1 MICHELLE Y HATCH P01222458 7819821001 2014-10-08 2013 2015-11-30 17:44:51Z ANNETTE RAPHEL 55 DAY SCHOOL LANE BELMONT MA 02478 15406808 0 X BELMONTDAY.ORG X 1927 MA SCHEDULE O 25 22 218 75 0 0 833453 632275 9214375 9547965 334842 244720 -38198 17715 10344472 10442675 1062744 1071600 0 0 6200237 6353881 0 48500 339002 2818052 2819049 10081033 10293030 263439 149645 32469122 34547776 14532430 14788848 17936692 19758928 X SEE SCHEDULE O 0 0 7442488 1016460 7862424 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 265 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, SPANISH, AND PHYSICAL EDUCATION. 732568 11000 1341628 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 678 CHILDREN ATTEND SUMMER SESSION. 301089 44140 361628 THE EXTERNAL PROGRAMS PROVIDE APPROXIMATELY 209 CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. ALSO, APPROXIMATELY 113 CHILDREN ATTENDED MULTIPLE CAMPS DURING TWO VACATION WEEKS. 8476145 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 218 1 0 0 0 0 0 0 0 0 0 0 X 25 22 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X LUCILLE KOOYOOMJIAN 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 STACIE CLAYTON TRUSTEE 1.00 X 0 0 0 MARK DOLNY TRUSTEE 1.00 X 0 0 0 CATHERINE FRANCIS TECHNOLOGY COOR/TRUSTEE 40.00 X 56927 0 18099 RUTH GASS TRUSTEE 1.00 X 0 0 0 DAVID HAJIAN TRUSTEE 1.00 X 0 0 0 LESLIE JENG TRUSTEE 1.00 X 0 0 0 MARGARET RAMSEY MCCLUSKEY TRUSTEE 1.00 X 0 0 0 WILLIAM PAINE TRUSTEE 1.00 X 0 0 0 BRENDON PARRY TRUSTEE 1.00 X 0 0 0 RICHARD THOMPSON TRUSTEE 1.00 X 0 0 0 ELSPETH MCCANN TRUSTEE 1.00 X 0 0 0 THOMAS HANCOCK TRUSTEE 1.00 X 0 0 0 BRIT DEWEY TRUSTEE 1.00 X 0 0 0 MARGARET WADE TRUSTEE 1.00 X 0 0 0 NICHOLAS NOMICOS TRUSTEE 1.00 X 0 0 0 JILL FINNERTY TRUSTEE 1.00 X 0 0 0 DESIREE IVEY TRUSTEE 1.00 X 0 0 0 MATTHEW KADNAR TRUSTEE 1.00 X 0 0 0 KATIE RIMER TRUSTEE 1.00 X 0 0 0 NANCY FELL TEACHER/TRUSTEE 40.00 X 51650 0 17899 LUIS VICEIRA PRESIDENT 1.00 X X 0 0 0 KAREN LIESCHING VICE PRESIDENT 1.00 X X 0 0 0 CHARLES FOLEY TREASURER 1.00 X X 0 0 0 KRISTEN LEWIS CLERK OF TRUSTEES 1.00 X X 0 0 0 ANNETTE RAPHEL TRUSTEE/HEAD OF SCHOOL 40.00 X X 311570 0 13972 LUCILLE R KOOYOOMJIAN DIRECTOR OF FINANCE AND OP 40.00 X 148447 0 17426 DEBORAH BRISSENDEN ASST. HEAD & DIR. OF HS PLACEMENT 40.00 X 102190 0 7110 670784 0 74506 3 0 1 0 KENNETH VONA CONSTRUCTION INC 11 FOX ROAD WALTHAM MA 02451 CONSTRUCTION SERVICES 414365 1 632275 33552 632275 TUITION & FEES-WINTER 611600 7817989 7817989 TUITION & FEES-SUMMER 611600 1341628 1341628 TUITION & FEES-EXT. PROG. 611600 361628 361628 TUITION & FEES-OTHER PRG. 611600 26720 26720 9547965 252775 252775 4956078 4943588 20545 12490 -20545 -8055 -8055 MISCELLANEOUS 611600 17715 17715 17715 10442675 9565680 0 244720 1071600 1071600 694979 173624 503944 17411 4636130 3950362 474409 211359 220501 180852 29439 10210 422559 389390 26527 6642 379712 301675 61178 16859 28523 28523 33865 33865 48500 48500 1231 1231 169085 166837 2248 59287 23246 30175 5866 493625 436622 36830 20173 69023 69023 438056 435180 2268 608 52901 52901 310021 307978 1611 432 675916 671461 3513 942 88964 2209 86755 FOOD & KITCHEN 164034 164034 MISCELLANEOUS 95218 21057 74161 PRINTING & PUBLICATIONS 90330 9124 81206 ATHLETICS 48970 48970 10293030 8476145 1477883 339002 1090892 1323058 3381529 5952291 811161 735278 17133 13839 252321 303641 23372347 8857206 14405824 14515141 11025169 10067812 1370265 1528327 114828 108389 32469122 34547776 832756 893740 3518733 4148402 10180941 9746706 14532430 14788848 X 12113932 13408918 2137432 2649467 3685328 3700543 17936692 19758928 32469122 34547776 X 149645 1669450 3141 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 0.00 0 1 13340068 468949 1929657 1948985 13789689 12210495 171516 1470274 512217 13340068 12693980 534508 -540958 477035 12210495 9080529 2214547 1812904 414000 12693980 7872588 457009 895977 145045 9080529 0.62220 0.26840 0.10940 0 0 1117580 1117580 18356279 6597677 11758602 2469447 1622593 846854 1429041 636936 792105 14515141 11067810 1669450 -1064860 604590 10463220 -20545 -20545 10442675 9245574 25375 25375 9220199 1231 1071600 1072831 10293030 PART II, LINE 9: THE SCHOOL PURCHASED A PARCEL OF LAND ON MARCH 28, 2001, WHICH IS SUBJECT TO A CONSERVATION EASEMENT REQUIRING THAT IT BE PRESERVED AS OPEN SPACE. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. THE LAND IS ADJACENT TO THE SCHOOL GROUNDS AND HAS BEEN USED AS A PLAYING FIELD FOR PHYSICAL EDUCATION AND ATHLETIC PROGRAMS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,071,600. CHANGE IN SPLIT INTEREST AGREEMENT 7,971. INVESTMENT FEES -1,231. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON PROPERTY, PLANT AND EQUIPMENT -20,545. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,071,600. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NON-DISCRIMINATION POLICY APPEARS IN NEWSPAPER WITH LARGEST CIRCULATION IN THE AREA 1 COMMUNITY COUNSELING SERVICE 10 HIGH STREET STE 401 BOSTON MA 02110 CAMPAIGN FEASIBLITY STUDY 0 0 0 48500 48500 MA 1 FINANCIAL AID 66 1071600 PART I, LINE 2 FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILIES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X X X X X 0 1 0 0 0 0 0 0 0 ANNETTE RAPHEL TRUSTEE/HEAD OF SCHOOL 306770 0 0 0 4800 0 12574 0 1398 0 325542 0 0 0 LUCILLE R KOOYOOMJIAN DIRECTOR OF FINANCE AND OP 148447 0 0 0 0 0 7853 0 9573 0 165873 0 0 0 PART I, #4B IN DECEMBER 2012, THE BELMONT DAY SCHOOL ADOPTED A 457(B) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR LUCILLE KOOYOOMIJIAN, THE DIRECTOR OF FINANCE AND OPERATIONS AND ANNETTE RAPHEL, THE HEAD OF THE SCHOOL. THERE WERE NO CONTRIBUTIONS MADE TO THE PLAN FOR FISCAL YEAR 2014. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043438140 2011-05-03 11000000 TO PAY OFF 2001 BONDS AND VARIOUS SCHOOL PROJECTS, INCLUDING AN HVAC SYSTEM. 0 0 0 A 1253294 11000000 103820 1665633 9230547 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2014 DISCLOSURE NOT REQUIRED SEE PART V 65300 NEED BASED ASSIST. SEE PART V FINANCIAL AID PART III COLUMN B ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES OR SUBSTANTIAL CONTRIBUTORS WHO ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). PART III COLUMN C AMOUNT OF GRANTS BENEFITTING INTERESTED PERSONS REPRESENTS 6% OF TOTAL GRANTS AWARDED FOR THE YEAR. X 383 FMV AT DONATION X 4 23271 FMV AT DONATION X AV PROJECTOR 1 6592 FMV AT DONATION X INSTRUCTIONAL 5 3306 FMV AT DONATION 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF INDIVIDUAL ITEMS DONATED. FORM 990, PART I, LINE 1: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. FORM 990, PART III, LINE 1: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE DIRECTOR OF FINANCE AND OPERATIONS, AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE DIRECTOR OF FINANCE AND OPERATIONS SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE DIRECTOR OF FINANCE AND OPERATIONS TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR BOTH THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE AND OPERATIONS FOR FISCAL 2014. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE DIRECTOR OF FINANCE AND OPERATIONS. FORM 990, PART XI, LINE 9: LOSS ON DONATION RECEIVABLE -4,830. CHANGE IN SPLIT INTEREST AGREEMENT 7,971.