2014-05-13T12:08:20-05:00 2013-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2012-07-01 042104720 MEADOWBROOK SCHOOL OF WESTON INCORPORATED MEAD 7818941193 10 FARM ROAD WESTON MA 024932493 MCGLADREY LLP 7818941193 2014-05-13 1 LYNNE JOHNSON P00757336 6179129000 2012 2015-11-30 17:44:51Z STEPHEN T HINDS 10 FARM ROAD WESTON MA 024932493 13483167 0 X WWW.MEADOWBROOK-MA.ORG X 1923 MA A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH EIGHT. MEADOWBROOK INSPIRES CHILDREN TO LIVE WITH PURPOSE, LEARN WITH PASSION AND LEAD BY PRACTICE. 31 31 207 120 0 0 6836935 2361357 10000559 10319733 344387 504340 228847 221348 17410728 13406778 853713 996248 0 0 6827706 7334064 0 0 682750 5110182 5061547 12791601 13391859 4619127 14919 54113088 56071010 10588863 11047442 43524225 45023568 MEADOWBROOK IS A SCHOOL WITH HIGH ACADEMIC, ETHICAL, AND SOCIAL STANDARDS, WHOSE MISSION IS TO PROVIDE A NURTURING EXPERIENCE FOR EACH STUDENT IN AN INTENTIONALLY SMALL LEARNING ENVIRONMENT. 0 0 7585436 883983 8526120 TUITION - PROVIDE A HIGH QUALITY, BROAD BASED, INNOVATIVE, ACCREDITED EDUCATION TO 309 ENROLLED STUDENTS RANGING OVER 10 CLASSES FROM JUNIOR KINDERGARTEN THROUGH GRADE 8, WHILE MAINTAINING HIGH ACADEMIC, ETHICAL AND SOCIAL STANDARDS, AN INTENTIONALLY SMALL LEARNING ENVIRONMENT AND A NURTURING EXPERIENCE FOR EACH STUDENT. THE ENTIRE CLASS OF 40 EIGHTH GRADERS GRADUATED IN JUNE 2013, GARNERING A VARIETY OF NATIONAL AWARDS IN MATH AND LANGUAGES. 932738 0 1360961 SUMMER CAMP - TWO SUMMER CAMPS PROVIDE ACADEMIC AND RECREATIONAL SUMMER PROGRAMS OF UP TO 8 WEEKS' DURATION TO A TOTAL OF 576 CHILDREN RANGING FROM THOSE ENTERING KINDERGARTEN THROUGH GRADE 8. 596194 112265 432652 SPECIAL INSTRUCTIONAL, SUPPLEMENTARY AND SCREENING PROGRAMS SUCH AS FIELD TRIPS, AFTER SCHOOL ACTIVITIES, LEARNING LAB AND TESTING THAT SERVE TO ENHANCE, EXTEND AND PERSONALIZE THE CORE CURRICULAR OFFERINGS. 9114368 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 60 0 1 207 1 0 1 EI CJ 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOHN AUSTIN 7818941193 10 FARM ROAD WESTON MA 02493 AI-LI LIM 2.00 X 0 0 0 ANGELA M BRAMAN 2.00 X 0 0 0 BALA CUMARESAN 2.00 X 0 0 0 CAROLYN M WOOD 2.00 X 0 0 0 CHRISTOPHER M AUSTEN 2.00 X 0 0 0 DAVID E GOEL 2.00 X 0 0 0 DAVID V CAPPILO 5.00 X X 0 0 0 DEWEY J AWAD 5.00 X X 0 0 0 GEOFFREY T BERNSTEIN 2.00 X 0 0 0 JANICE JESTER 2.00 X 0 0 0 JEFFREY C HADDEN 2.00 X 0 0 0 JENNIFER A SEEMAN 2.00 X 0 0 0 JOHN H TYLER 2.00 X 0 0 0 JOHN R PORTER III 2.00 X 0 0 0 KATE ELLIS 2.00 X 0 0 0 KENT R WELDON 2.00 X 0 0 0 KEVIN T CALLAGHAN 5.00 X X 0 0 0 KIMBERLY STANFIELD 2.00 X 0 0 0 LARRY HAMELSKY 2.00 X 0 0 0 LISA LEBOVITZ 2.00 X 0 0 0 MARTIN D HALE JR 2.00 X 0 0 0 MEREDITH MCPHERRON 2.00 X 0 0 0 MICHAEL BROWN 2.00 X 0 0 0 MICHAEL DENNING 2.00 X 0 0 0 ROBERT SCHLAGER 2.00 X 0 0 0 SANDRA M EDGERLEY 2.00 X 0 0 0 SANGITA THAKORE 2.00 X 0 0 0 SEAN MCGRATH 2.00 X 0 0 0 SUSAN LITTLEFIELD 5.00 X X 0 0 0 THOMAS H GRAPE 5.00 X X 0 0 0 WILLIAM A DANOFF 2.00 X 0 0 0 JOHN AUSTIN 40.00 X 148517 0 27474 STEPHEN T HINDS 40.00 X 275896 0 105791 BARBARA VINCENT 40.00 X 130762 0 19107 JANICE THOMPSON 40.00 X 159214 0 21265 714389 0 173637 4 0 1 0 CHARTWELLS (COMPASS GROUP USA) PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 451583 LOCAL MOTION INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 STUDENT TRANSPORTATION 122696 CHILL EXPEDITIONS LLC 124 SIBLEY AVENUE 2ND FLR ARDMORE PA 19003 TRAVEL SERVICES 109189 CVM INC 780 E MAIN STREET BRANFORD CT 06405 IT SERVICES 101831 4 4110 2357247 206568 2361357 TUITION 611600 8514880 8514880 DAY CAMP 611710 1360961 1360961 OTHER PROGRAMS 611600 443892 443892 10319733 504340 504340 119384 23923 95461 95461 95461 150785 4110 52466 98319 98319 OTHER REVENUE 900099 27568 27568 27568 13406778 10347301 0 698120 996248 996248 729846 103469 465407 160970 81405 81405 4738212 3406853 1105225 226134 337943 218724 95646 23573 1034100 669291 292675 72134 412558 267016 116764 28778 26245 26245 69229 69229 44764 44764 645369 513765 131604 127534 50940 38406 38188 801967 631647 61824 108496 109433 82075 27358 635300 635300 6625 6625 143499 143499 1223857 1040279 159101 24477 72926 72926 DAY CAMP 932738 932738 CONTINGENCY EARN OUT PA 102143 102143 TRANSPORTATION 82192 82192 AMORTIZATION EXPENSE 37726 37726 13391859 9114368 3594741 682750 3805857 5564333 1141901 805336 308684 125960 144011 153053 26387 15786 402428 620935 36595656 10277120 27234505 26318536 17599946 20258777 3303261 2099912 146108 108382 54113088 56071010 1243924 1347811 4424939 5099631 3370000 3075000 50000 25000 1500000 1500000 10588863 11047442 X 31065655 31285162 2685099 3845512 9773471 9892894 43524225 45023568 54113088 56071010 X 14919 1546274 -61850 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO THE MASSACHUSETTS ASSOCIATION OF NON-PROFIT SCHOOLS AND COLLEGES WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. AS SUCH, NO DETERMINATIVE AMOUNT IS LISTED IN THIS SCHEDULE. 18109899 119423 2005483 695037 19539768 14972960 4375800 -555233 683628 18109899 15308262 50350 2164349 2550001 14972960 11542884 2699464 1616151 550237 15308262 14686501 28596 -2652946 519267 11542884 0.38870 0.50630 0.10500 0 0 4706480 4706480 28917479 8102913 20814566 2504053 1895609 608444 467644 278598 189046 26318536 X 13742244 1546274 -1242433 303841 13438403 44764 -76389 -31625 13406778 12242901 76389 76389 12166512 44764 1180583 1225347 13391859 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE ENDOWMENT IS TO PROVIDE A REASONABLY STABLE AND PREDICTABLE STREAM OF EARNINGS TO SUPPORT THE OPERATIONS OF THE SCHOOL, AND TO PRESERVE AND ENHANCE OVER TIME THE REAL (INFLATION ADJUSTED) VALUE OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2013. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION AND TRANSPORTATION ASSISTANCE NETTED WITH REVENUE ON AUDITED FS -1,078,440. CONTINGENCY EARN OUT PAYMENT -102,143. LOSS FROM CONTRIBUTION RECEIVABLE ACTIVITY -61,850. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENTS EXP. REPORTED ON FORM 990, PART VIII, LINE 8B -52,466. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -23,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 23,923. SPECIAL FUNDRAISING EVENTS EXP. REPORTED ON FORM 990, PART VIII, LINE 8B 52,466. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AND TRANSPORTATION ASSISTANCE NETTED WITH REVENUE ON AUDITED FS 1,078,440. CONTINGENCY EARN OUT PAYMENT 102,143. 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 THE SCHOOL HAS A LONG STANDING POLICY OF NON-DISCRIMINATORY ADMISSION OF STUDENTS. IT PARTICIPATES WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND IN PUBLISHING THIS POLICY IN THE BOSTON GLOBE ON DECEMBER 1, 2013. THE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS. CENTRAL AMERICA AND THE CARRIBEAN INVESTMENT 1998000 0 0 0 0 0 0 1998000 0 1998000 1 0 0 0 0 0 GALA 141623 2200 139423 43476 141623 2200 139423 43476 43476 95947 1 TUITION 40 883983 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT AFTER SCHOOL 17 43528 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT FIELD TRIPS 27 16549 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT LEARNING LAB 11 44718 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT TESTING 9 4347 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT TECHNOLOGY 1 350 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT OTHER 40 2773 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL ASSISTANCE IS ISSUED IN THE FORM OF CREDITS APPLIED TO THE INDIVIDUAL'S ACCOUNT TO OFFSET CHARGES INCURRED FOR TUITION FEES, AFTER SCHOOL PROGRAMS, LEARNING LAB AND TESTING FEES, FIELD TRIP FEES, FEES RELATED TO OUR LAPTOP PROGRAM, AND OTHER MISCELLANEOUS CHARGES THAT MAY BE INCURRED IN THE COURSE OF BEING A STUDENT AT THE SCHOOL. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JOHN AUSTIN 144255 0 0 0 4262 0 7452 0 20022 0 175991 0 0 0 STEPHEN T HINDS 226156 0 21500 0 28240 0 82916 0 22875 0 381687 0 0 0 JANICE THOMPSON 155936 0 0 0 3278 0 11064 0 10201 0 180479 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANION IS DUE TO THE COMPANION'S POSITION AT THE SCHOOL AND NOT FOR TRAVEL WITH HEADMASTER. THIS AMOUNT IS NOT TAXABLE TO THE HEADMASTER OR THE COMPANION. TAX GROSS-UP PAYMENTS WERE PROVIDED TO THE HEADMASTER IN THE AMOUNT OF $22,000. IT IS TAXABLE AND REPORTED IN PART II, COLUMN (B)(III). PART I, LINE 4B THE SCHOOL HAS A DEFERRED COMPENSATION ARRANGEMENT WITH ITS HEADMASTER. THE PLAN REQUIRES THE HEADMASTER TO BE PAID $162,500 IF THE EMPLOYEE LEAVES ON OR AFTER JANUARY 1, 2013 AND $325,000 ON OR AFTER JUNE 30, 2015. THE SCHOOL RECORDS THE EXPENSE IN THE YEAR IN WHICH IT IS EARNED. AS OF 6/30/13, THE PLAN IS FUNDED, AND DEFERRED COMPENSATION OF $65,000 IS INCLUDED IN PART II, COLUMN C. JERE HINDS FAMILY MEMBER OF STEPHEN T. HINDS, HEADMASTER 81405 JERE HINDS IS EMPLOYED BY THE ORGANIZATION. 0 X 11 205614 FAIR MARKET VALUE X TANGIBLE GIFT ITEMS FOR GALA 1 800 FAIR MARKET VALUE X EDUCATION MATERIALS 1 154 FAIR MARKET VALUE 0 0 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF STOCK GIFTS RECEIVED AND THE NUMBER OF CONTRIBUTIONS FOR THE OTHER CONTRIBUTIONS. THIRD PARTY USE: PART I, LINE 32B: STOCK DONATIONS ARE RECEIVED THROUGH AN ACCOUNT AT UBS. THE STOCK IS CASHED BY UBS UPON DIRECTION OF THE DIRECTOR OF FINANCE AND OPERATIONS, JOHN AUSTIN. FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS OFFICE RECEIVES FROM ITS INDEPENDENT ACCOUNTING FIRM AN ANNUAL QUESTIONNAIRE SOLICITING INFORMATION FOR THE PREPARATION OF FORM 990. THE QUESTIONNAIRE IS COMPLETED BY THE CONTROLLER AND RETURNED TO THE ACCOUNTING FIRM, WHICH PREPARES A DRAFT. THE SCHOOL'S DIRECTOR OF FINANCE AND OPERATIONS, BOARD TREASURER, PRESIDENT, AND CHAIRS OF THE FINANCE AND AUDIT COMMITTEES REVIEW THE DRAFT FOR ACCURACY, MAKING ANY NECESSARY ADJUSTMENTS. WHEN ALL REVISIONS HAVE BEEN INCORPORATED, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD AND THE COMPLETE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, EVERY EMPLOYEE PREPARES GOALS WHICH ARE USED TO EVALUATE INDIVIDUAL PERFORMANCE. TEACHING FACULTY ARE SUBJECT TO SALARIED COMPENSATION BASED ON AN OBJECTIVE "STEP" SCALE (I.E. SALARY IS DETERMINED BY YEARS OF SERVICE). STAFF ARE ALSO SALARIED AND RECEIVE A STANDARD ANNUAL INCREASE TO ADJUST FOR INFLATION. THE HEADMASTER'S PERFORMANCE AND COMPENSATION IS REVIEWED AND DETERMINED BY A SUB-COMMITTEE OF THE BOARD AND SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE ANNUAL COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST, USE OF COMPARABILITY DATA GATHERED AND CONTEMPORANEOUS DOCUMENTATION OF THE MEETINGS, DELIBERATIONS AND DECISIONS. THERE IS NO FORMAL INCENTIVE-BASED COMPENSATION POLICY THROUGHOUT THE ENTITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ANNUAL, REPORT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE ACCESSED VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS FROM CONTRIBUTION RECEIVABLE -61,850.