2014-11-05T09:47:06-06:00 2014-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2013-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 PETER HENDEL BUSINESS MANAGER 6035361748 2014-10-31 1 ORESTE J MOSCA P00366101 6032245357 2013 2015-11-30 17:44:51Z PETER HENDEL CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 26604235 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 283. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 29 29 222 29 0 0 3512507 3763603 13875803 14613919 627417 1976861 0 0 18015727 20354383 3092882 3218304 0 0 7916695 8283658 0 0 1226205 6144344 6247449 17153921 17749411 861806 2604972 80282845 86444945 9820774 9366507 70462071 77078438 X LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 283. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 14101716 3218304 14613919 PRIVATE SECONDARY SCHOOL WHICH SERVICED 283 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, TEACHING SUBJECTS USUALLY TAUGHT IN PUBLIC SCHOOLS. DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 14101716 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 73 0 1 222 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PETER HENDEL 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR PAUL MARTINI MEMBER OF BOARD 2.00 X 0 0 0 MR HARRY SHEEHY MEMBER OF BOARD 2.00 X 0 0 0 MR WILLIAM L PRICKETT MEMBER OF BOARD 2.00 X 0 0 0 MS SUSAN PAINE MEMBER OF BOARD 2.00 X 0 0 0 MR THOMAS PHILLIPS MEMBER OF BOARD 2.00 X 0 0 0 MR NIGEL D FURLONGE MEMBER OF BOARD 2.00 X 0 0 0 MR DOUGLAS H GRISWOLD MEMBER OF BOARD 2.00 X 0 0 0 MR JAMES HAMBLIN CHAIRMAN OF BOARD 6.00 X X 0 0 0 MR PETER NORDBLOM MEMBER OF BOARD 4.00 X 0 0 0 MS JAN HAUSER MEMBER OF BOARD 2.00 X 0 0 0 MR CHRISTOPHER CARNEY TREASURER 2.00 X X 0 0 0 MR JON Q REYNOLDS JR MEMBER OF BOARD 2.00 X 0 0 0 MR A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 MR RUSSELL CUSHMAN MEMBER OF BOARD 2.00 X 0 0 0 MR RICHARD NESBITT MEMBER OF BOARD 2.00 X 0 0 0 MR IAN SANDERSON MEMBER OF BOARD 2.00 X 0 0 0 MS JENNIFER ALFOND SEEMAN MEMBER OF BOARD 2.00 X 0 0 0 MS GRACE MACOMBER BIRD MEMBER OF BOARD 2.00 X 0 0 0 MR RANDOLPH DALES SECRETARY 2.00 X X 0 0 0 MS TRACY GILLETTE MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT HALL MEMBER OF BOARD 2.00 X 0 0 0 MR JON BAUM MEMBER OF BOARD 2.00 X 0 0 0 MR GARY A SPIESS ESQ MEMBER OF BOARD 2.00 X 0 0 0 MR JEROME THOMAS MEMBER OF BOARD 2.00 X 0 0 0 MR ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 MS VICTORIA FREI MEMBER OF BOARD 2.00 X 0 0 0 MR ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 MS POPPY STAUB MEMBER OF BOARD 2.00 X 0 0 0 MR SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 60.00 X 228933 0 116286 MR PETER HENDEL BUSINESS MANAGER 60.00 X 139129 0 33266 MR GEORGE MACOMBER ASSISTANT HEAD OF SCHOOL 60.00 X 117992 0 26991 MR ROBERT CALDWELL EXEC DIR FOR ADVANCEMENT 60.00 X 161025 0 16034 647079 0 192577 4 0 1 0 CLAYTON DINGMAN 75 SUMMER STREET BRISTOL NH 03222 GRAPHIC DESIGN 131639 FRANCONIA SKI CLUB PO BOX 462 FRANCONIA NH 03580 COACHING 125894 2 3763603 157367 3763603 TUITION AND FEES 900099 13710948 13710948 SUMMER PROGRAM REVENUE 900099 487625 487625 SCHOOL ACTIVITY REVENUE 900099 415346 415346 14613919 551071 551071 7671642 4000 6244197 5655 1427445 -1655 1425790 1425790 20354383 14613919 0 1976861 3218304 3218304 575910 424250 151660 5759502 4025034 1085473 648995 486851 341909 95069 49873 911048 637958 170422 102668 550347 303607 188201 58539 37901 37901 54764 54764 89463 89463 33557 2720 678 30159 154168 67300 86868 134213 50136 20489 63588 243837 121919 73151 48767 1308217 1226449 81768 200811 160358 3087 37366 37361 27064 10297 107910 107910 1229039 1229039 166472 166472 RESIDENTIAL SERVICES 588119 588119 TUITION REMISSION 448000 448000 SUMMER PROGRAM 354191 354191 ATHLETICS 346161 346161 713265 556262 67918 89085 17749411 14101716 2421490 1226205 730 647 6138233 5473689 2431593 2239501 10598 13343 176968 180111 179817 233748 43138163 16945507 25577205 26192656 45735448 52039864 32253 71386 80282845 86444945 761237 770821 4559537 3964108 4500000 4581578 0 50000 9820774 9366507 X 32129943 33991964 16822950 21338905 21509178 21747569 70462071 77078438 80282845 86444945 X 2604972 3822648 188747 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44442364 780609 5711548 827004 573402 153047 49381068 40760825 1128210 4150089 837632 600271 158857 44442364 46321896 351120 -4340802 795489 613377 162523 40760825 39227478 1383254 7241576 736171 629075 165166 46321896 36670099 341859 3685605 669632 633927 166526 39227478 0.22430 0.37920 0.39650 0 0 424972 424972 38362068 13636795 24725273 4351123 3308712 1042411 26192656 INVESTMENTS - SECURITIES 49367508 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 2672356 F 52039864 DEFERRED COMPENSATION 50000 50000 X 21058011 3822648 207148 4029796 17028215 89463 3236705 3326168 20354383 14441644 0 14441644 89463 3218304 3307767 17749411 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF SPLIT-INTEREST AGREEMENTS 207,148. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,218,304. BAD DEBT EXPENSE 18,401. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,218,304. 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 SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 99 3218304 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 MR R PHILLIP PECK HEAD OF SCHOOL 228933 0 0 0 0 0 71478 0 44808 0 345219 0 0 0 MR PETER HENDEL BUSINESS MANAGER 139129 0 0 0 0 0 12975 0 20291 0 172395 0 0 0 MR ROBERT CALDWELL EXEC DIR FOR ADVANCEMENT 161025 0 0 0 0 0 14350 0 1684 0 177059 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 1600 79978 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 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 X 41 152139 FMV ON DONATION DATE X FURNITURE/DEC 1 5228 FMV ON DONATION DATE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD AT THEIR OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES OF THE SCHOOL. THE FORMAL PROCESS FOR DETERMINING COMPENSATION OF ALL KEY EMPLOYEES IS AS FOLLOWS: HEAD OF SCHOOL - ANNUALLY THE COMPENSATION COMMITTEE MEETS AND REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND ALSO REVIEWS BENCHMARK INFORMATION OF SALARY AND BENEFITS FROM 14 PEER SCHOOLS. THE COMMITTEE THEN RECOMMENDS A TOTAL COMPENSATION PACKAGE. THIS RECOMMENDATION IS REVIEWED AND VOTED ON BY THE FULL BOARD OF TRUSTEES. OTHER HIGHLY COMPENSATED EMPLOYEES OF THE SCHOOL - ANNUALLY THE HEAD OF SCHOOL PRESENTS TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW HIS/HER RECOMMENDATION AS TO THE COMPENSATION LEVELS FOR ANY HIGHLY COMPENSATED EMPLOYEE OF THE SCHOOL. THE HEAD SUPPORTS THESE DECISIONS WITH A REPORT ON JOB PERFORMANCE FOR EACH EMPLOYEE AND WITH BENCHMARK INFORMATION FROM 14 PEER BOARDING SCHOOLS. THIS PROCEDURE WAS LAST CONDUCTED ON OCTOBER 13, 2013. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 207,148. BAD DEBT EXPENSE -18,401. 990, PART XII, LN 2C AUDIT COMMITTEE OVERSIGHT OF THE AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.