2014-11-14T10:16:55-06:00 2014-06-30 263753134 CBIZ TOFIAS 56 EXCHANGE TERRACE PROVIDENCE RI 02903 990 2013-07-01 042103628 SHADY HILL SCHOOL SHAD 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 MAUREEN NUNEZ CHIEF FINANCIAL OFFICER 6175205216 2014-11-13 1 JOHN T WILMOT P00095129 4016263200 2013 2015-11-30 17:44:51Z MARK STANEK 178 COOLIDGE HILL CAMBRIDGE MA 02138 26157313 0 X WWW.SHS.ORG X 1915 MA SHADY HILL SCHOOL IS A PRIVATE, PRE-K THROUGH GRADE 8, CO-EDUCATIONAL DAY SCHOOL LOCATED ON 11 ACRES IN CAMBRIDGE, MASSACHUSETTS. THE CAMPUS CONTAINS ACADEMIC, ATHLETIC AND ADMINISTRATION BUILDINGS INCLUDING A NEW ARTS COMPLEX AND GYMNASIUMS IN ADDITION TO PLAYGROUNDS AND PLAYING FIELDS. TOTAL ENROLLMENT IS APPROXIMATELY 520 STUDENTS.SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE.THE SCHOOL KNOWS AND HONORS THE INDIVIDUAL CHARACTER AND SPIRIT OF EACH CHILD, RESPECTS THE PACE OF CHILDHOOD AND UNDERSTANDS THAT TRUE EXPLORATION TAKES TIME CREATES A SAFE ENVIRONMENT THAT ALLOWS CHILDREN TO BE CURIOUS, TAKE RISKS, AND MAKE MISTAKES CHALLENGES PREJUDICE AND RESPECTS DIFFERENCES. 23 20 294 100 34234 -10912 2157735 2228962 16477832 16948185 160083 1330340 272078 266980 19067728 20774467 1685032 2098745 0 0 10159209 10694956 5424 67062 884945 7824224 7859224 19673889 20719987 -606161 54480 94190465 97929236 33227653 32537527 60962812 65391709 X SEE MISSION STATEMENT ON SCHEDULE O. 0 0 14547866 1634545 15567893 INSTRUCTIONAL - SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE. 1201867 404460 1225269 AFTER SCHOOL & SUMMER CAMP PROGRAMS - THE GOAL OF THE AFTER SCHOOL PROGRAM IS TO PROVIDE A RELAXED, SAFE, NURTURING, AND DYNAMIC NEIGHBORHOOD SETTING FOR CHILDREN ONCE THEIR DAY ENDS. WE AIM TO PROVIDE A STIMULATING AND FUN ENVIRONMENT IN WHICH CHILDREN CAN EXPLORE THEIR OWN UNIQUE IMAGINATIONS, DEVELOP FRIENDSHIPS AND TEST THEIR ABILITIES. THE PROGRAM IS PLANNED WITH THE FLEXIBILITY TO MAKE ROOM FOR CHILDREN TO INITIATE AND INVENT THEIR OWN GAMES AND PROJECTS. ADDITIONALLY, WE OFFER A QUIET AND SUPPORTIVE SPACE FOR STUDENTS TO WORK ON THEIR HOMEWORK.OUR SUMMER CAMP PHILOSOPHY IS IN KEEPING WITH THE SCHOOL'S MISSION TO CREATE A COMMUNITY OF ACCEPTANCE. WE GIVE INDIVIDUAL ATTENTION AND ENCOURAGE CAMPERS TO DEVELOP A PASSION FOR LIFE THROUGH PLAYTIME, EXPLORATION AND THE BUSINESS OF MAKING FRIENDS. WE UNDERSTAND THE WONDERFUL OPPORTUNITY THAT THE SUMMER PROVIDES FOR LEARNING AND FUN. OUR FACILITIES ARE CHILD-SCALED AND OUR ENRICHING PROGRAM HAS A SWIMMING EMPHASIS. MOST IMPORTANTLY, OUR WELL-ROUNDED PROGRAM FOSTERS AN ATMOSPHERE WHERE KIDS HAVE PLENTY OF TIME TO JUST BE KIDS AND PLAY. 438277 59740 161330 TEACHER TRAINING COURSE (TTC)- THIS COURSE PROVIDES ASPIRING TEACHERS WITH WELL-GUIDED EXPERIENCES IN PRE-K THROUGH EIGHTH GRADE CLASSROOMS WHERE PRACTICE MERGED WITH THEORY IS PARAMOUNT. IMMERSION IN THE CLASSROOM WHILE STUDYING AND WORKING ALONGSIDE A TALENTED MENTOR IS THE BEST WAY TO LEARN HOW TO TEACH. IN THIS ONE-YEAR, SITE-BASED PREPARATION PROGRAM, APPRENTICE TEACHERS DISCOVER WHAT TEACHING IS ALL ABOUT THROUGH OBSERVATION, SUPERVISED TEACHING, WORKSHOPS, SEMINARS, AND CONTINUOUS INVOLVEMENT IN THE LIFE OF THE SCHOOL. 16188010 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 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 62 0 1 294 1 1 1 0 0 0 0 0 0 0 0 0 X 23 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MAUREEN NUNEZ 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 JEANNE MCDERMOTT TRUSTEE; SCIENCE TEACHER 50.00 X 51286 0 15022 RORY MORTON TRUSTEE 2.00 X 0 0 0 DAVID ALTSHULER TRUSTEE 5.00 X 0 0 0 PAM DICKINSON TRUSTEE 5.00 X 0 0 0 JEANNE FITZGIBBON TRUSTEE 5.00 X 0 0 0 ALYSSA HAYWOODE TRUSTEE 2.00 X 0 0 0 JAMES HOUGHTON TRUSTEE 5.00 X 0 0 0 KARL SIMS TRUSTEE 2.00 X 0 0 0 JOHN WILSON TRUSTEE 5.00 X 0 0 0 LENORE GESSNER TRAVIS TRUSTEE 2.00 X 0 0 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 50.00 X X 322216 0 67348 CHARLES LONGFIELD TREASURER; CHAIR, FIN. COM 5.00 X X 0 0 0 NIMA ESHGHI CLERK 5.00 X X 2860 0 0 MARIA FERNANDOPULLE TRUSTEE 5.00 X 0 0 0 JANE MONCREIFF TRUSTEE 5.00 X 0 0 0 ERIK RAMANATHAN TRUSTEE 2.00 X 0 0 0 ALEX SACERDOTE TRUSTEE 2.00 X 0 0 0 JAKE HOPKINS TRUSTEE; GRADE III, GRADEHEAD 50.00 X 71086 0 86472 BOB CROWLEY TRUSTEE 2.00 X 0 0 0 MELISSA HANENBERGER TRUSTEE 2.00 X 0 0 0 SCOTT MATTHEWS TRUSTEE 5.00 X 0 0 0 SUZANNE SINER TRUSTEE 5.00 X 0 0 0 RALPH WALES TRUSTEE 2.00 X 0 0 0 ELIZABETH REID CHIEF FINANCIAL OFFICER 50.00 X 189705 0 17158 ALLISON WEBSTER ASST. HEAD OF SCHOOL 50.00 X 140386 0 9830 CYNTHIA DOBE CHIEF INFO OFFICER 50.00 X 109496 0 12284 KIMBERLY KUBIK DIRECTOR OF ADVANCEMENT 50.00 X 140052 0 13320 VINCENT QUIRK CONTROLLER 50.00 X 108481 0 17715 DESIREE HUMPHRIES-IVEY DIRECTOR OF TEACHER TRAINING 50.00 X 102240 0 16880 1237808 0 256029 13 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 11555 INVESTMENT ADVISORS 142741 CRANE METAMARKETING LTD 831 CHRISTOPHER ROBIN RD ALPHARETTA GA 30005 MANAGEMENT CONSULTANTS 119202 2 2228962 129490 2228962 TUITION AND FEES 900099 15010425 15010425 AFTER SCHOOL & SUMMER CAMP PROGRA 900099 1225269 1225269 OTHER PROGRAMS 900099 712491 712491 16948185 213788 213788 162720 18182 144538 144538 144538 6419417 17300 5320165 0 1099252 17300 1116552 1116552 126400 44499 81901 81901 UBIT INVESTMENT INCOME 900099 34234 34234 MISCELLANEOUS INCOME 523000 6307 6307 40541 20774467 16954492 34234 1556779 2098745 2098745 1125390 422524 473699 229167 7521820 6388986 852946 279888 546727 491535 44568 10624 800097 620152 118628 61317 700922 590998 83739 26185 53047 53047 63780 63780 67062 67062 692461 692461 13912 13912 3896 3896 2169188 1349956 689061 130171 496903 478837 18066 1320543 1086806 224525 9212 995 995 850436 850436 1684078 1387913 284452 11713 107103 88146 18175 782 LUNCHROOM 142081 138177 3904 FACULTY DEVELOPMENT 95051 95051 MISCELLANEOUS EXPENSES 54086 44095 9991 MULTI-CULTURAL RECRUITI 42676 24688 3574 14414 68988 26074 26561 16353 20719987 16188010 3647032 884945 400 400 11670505 11354430 744060 487471 51620 32781 477908 479107 51173091 13403461 37439468 37769630 43806504 47805417 94190465 97929236 1177137 1118580 4435904 5123866 26780000 25510000 834612 785081 33227653 32537527 X 52114952 55693122 5259786 5539637 3588074 4158950 60962812 65391709 94190465 97929236 X 54480 4374417 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44084020 1115550 5087348 1992062 48294856 41906115 404799 3822970 2049864 44084020 43234701 156075 538390 2023051 41906115 40707115 402034 4208382 2082830 43234701 38434020 709836 3745616 2182357 40707115 0.81270 0.08590 0.10140 0 0 57698 57698 45676224 11184630 34491594 3485214 1680316 1804898 1953955 538515 1415440 37769630 NON PUBLICALLY TRADED INVESTMENT FUNDS 46237758 F OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE 1567659 C 47805417 PROVISION FOR UNEMP COMP 62669 DEFERRED RENTAL INCOME 686122 CHARITABLE GIFT ANNUITIES 36290 785081 X 23040609 4415103 -593720 3821383 19219226 1555241 1555241 20774467 18611712 1415 1415 18610297 2109690 2109690 20719987 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,415. UNREALIZED GAIN/LOSS ON UNRESTRICTED -40,686. FINANCIAL AID NETTED AGAINST AUXILIARY REVENUE FOR FINANCIAL STATEMENTS -554,449. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,544,296. SPECIAL EVENTS INDIRECT EXPENSES 10,945. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,415. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,544,296. SPECIAL EVENTS INDIRECT EXPENSES 10,945. FINANCIAL AID 554,449. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 801 0 0 0 0 0 0 801 0 801 0 0 0 1 1 0 SCHEDULE F, PART IV, LINE 4 FORM 8621 IS NOT REQUIRED TO BE FILED WITH THE RETURN AS THE ORGANIZATION'S PFIC RELATED INCOME WAS NOT PART OF UNRELATED BUSINESS TAXABLE INCOME. SCHEDULE F, PART IV, LINE 5 FORM 8865 IS NOT REQUIRED TO BE FILED AS THE ORGANIZATION DID NOT MAKE A CONTRIBUTION DURING IT'S TAX YEAR IN EXCESS OF $100,000. X X X X X 0 MARTS & LUNDY 1200 WALL STREET W LYNDHURST NJ 07071 FUNDRAISING CONSULTING 0 0 67062 -67062 67062 -67062 SHADY HILL FAIR 94859 94859 887 4255 6741 8372 SHADY HILL SPRING EVENT 31541 31541 10785 12120 1339 126400 126400 887 15040 18861 9711 44499 81901 1 FINANCIAL AID 87 1544296 NEED-BASED FINANCIAL AID TO STUDENTS - TUITION FINANCIAL AID 82 554449 NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 MARK STANEK TRUSTEE; HEAD OF SCHOOL 322216 0 0 0 0 0 13742 0 53606 0 389564 0 0 0 JAKE HOPKINS TRUSTEE; GRADE III, GRADEHEAD 71086 0 0 0 0 0 5337 0 81135 0 157558 0 0 0 ELIZABETH REID CHIEF FINANCIAL OFFICER 189705 0 0 0 0 0 11552 0 5606 0 206863 0 0 0 ALLISON WEBSTER ASST. HEAD OF SCHOOL 140386 0 0 0 0 0 9830 0 0 0 150216 0 0 0 KIMBERLY KUBIK DIRECTOR OF ADVANCEMENT 140052 0 0 0 0 0 7714 0 5606 0 153372 0 0 0 PART I, LINE 1A AS A CONDITION OF HIS EMPLOYMENT, THE DIRECTOR OF THE SCHOOL, MARK STANEK, IS REQUIRED TO LIVE ON CAMPUS IN A HOME PROVIDED TO HIM BY THE SCHOOL. BASED ON COMPARABLE RENTALS IN CAMBRIDGE, AND ALLOWING FOR THE LOCATION AND CONDITION OF THE HOUSE, THE TOTAL ESTIMATED VALUE OF THIS NONTAXABLE BENEFIT FOR A FULL YEAR IS $48,000. SCHEDULE J, PART II, COLUMN (D) FOR DIRECTOR OF SCHOOL, MARK STANEK, THE NONTAXABLE BENEFITS OF $67,348 INCLUDE THE FOLLOWING: FULL-YEAR HOUSING VALUED AT $48,000, HEALTH/LIFE INSURANCES TOTALING $5,606, AND PENSION CONTRIBUTION OF $13,742. FOR CHIEF FINANCIAL OFFICER, ELIZABETH REID, THE NONTAXABLE BENEFITS OF $17,158 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $5,606 AND PENSION CONTRIBUTION OF $11,552. FOR DIRECTOR OF ADVANCEMENT, KIMBERLY KUBIK, THE NONTAXABLE BENEFITS OF $13,320 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $5,606 AND PENSION CONTRIBUTION OF $7,714. FOR ASSISTANT HEAD OF SCHOOL, ALLISON WEBSTER, THE NONTAXABLE BENEFIT OF $9,830 INCLUDES SOLELY A PENSION CONTRIBUTION. FOR GRADE III GRADEHEAD, JAKE HOPKINS, THE NONTAXABLE BENEFITS OF $86,472 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $15,978, NEED-BASED FINANCIAL AID OF $65,157, AND PENSION CONTRIBUTION OF $5,337. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RYD1 2013-06-20 26780000 DEBT REFINANCING 0 0 0 A 26780000 24392805 129120 2258075 2013 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 SEE EXPLANATION BELOW SEE PART V 64952 FINANCIAL AID SCHEDULE L, PART III FINANCIAL AID GRANTED TO THE CHILDREN OF TRUSTEES IS BASED ON NEED THAT MUST BE DEMONSTRATED THROUGH THE STANDARD APPLICATION FOR FINANCIAL AID PROCESS; FOR PRIVACY CONSIDERATIONS, THE NAMES OF RECIPIENTS ARE NOT DISCLOSED AND ONLY THE TYPE OF ASSISTANCE AND THE AGGREGATE AMOUNT ARE REPORTED ON SCHEDULE L, PART III. X 24 129490 FMV ON DATE OF GIFT 0 1 1 PART I, LINE 32B: ALL STOCK GIFTS ARE RECEIVED BY TD AMERITRADE AND SOLD THROUGH THEIR BROKERAGE FIRM. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN EIGHTEEN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN EIGHTEEN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED AND DISCUSSED VIA CONFERENCE CALL ABOUT A WEEK BEFORE FILING. THE AUDIT COMMITTEE REVIEWED AND DISCUSSED IT AT THIS TIME. IT IS ALSO POSTED TO THE SCHOOL'S INTERNAL WEBSITE FOR REVIEW BY ALL BOARD MEMBERS DURING THE SAME TIME FRAME. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND OFFICERS OF THE ORGANIZATION ARE ASKED TO FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON REPORTS THE CONFLICT TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE EVALUATES THE SEVERITY OF THE TRANSACTION AND THE NEED TO REPORT THE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD. IF THE CONFLICT RISES TO THE LEVEL OF REPORTING, THE AUDIT COMMITTEE WILL REPORT THE TRANSACTION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD WHICH REVIEWS THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL WHEN THE CONTRACT IS PERIODICALLY REVIEWED. THE COMMITTEE USES COMPARABLE DATA AND CONSULTANTS WHEN NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 SHADY HILL SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON UNRESTRICTED -40,686. UNREALIZED GAIN/LOSS ON ENDOWMENT 4,415,103.