2014-05-14T09:43:02-05:00 2013-06-30 042943536 Tonneson & Company Inc 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2012-07-01 042104926 Shore Country Day School SHOR 9789271700 545 Cabot Street Beverly MA 01915 Joseph F Trustey 9789271700 2014-05-13 1 Cynthia P Almquist P01309212 7812459999 2014-05-12 2012 2015-11-30 17:44:51Z Joseph F Trustey 545 Cabot Street Beverly MA 01915 15034491 0 X www.shoreschool.org X 1936 MA To provide education to students in Readiness/Kindergarten to 9th Grade. 25 25 150 250 0 0 6398525 3066415 10857386 11577381 208192 254285 -7048 0 17457055 14898081 937707 1029221 0 0 8249468 8461198 21000 21000 749867 3039157 3204451 12247332 12715870 5209723 2182211 30710710 42380284 1161771 10038869 29548939 32341415 To provide an education that inspires a love of learning and encourages children to embrace academic challenge. We seek to build character, cultivate creativity, and value diversity as we help our children become healthy, compassionate citizens of the world. 0 0 9330673 1029221 11346799 Shore Country Day School provides education to approximately 450 students in Readiness/Kindergarten to 9th Grade. 9330673 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 1 150 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Roberta B Whiting 9789271700 545 Cabot Street Beverly MA 01915 Joseph F Trustey 5.00 X X 0 0 0 Rosemary S French 5.00 X X 0 0 0 Robert L Clark Jr 5.00 X X 0 0 0 James Allan 3.00 X 0 0 0 Jennifer Borggaard 3.00 X 0 0 0 Kevin Bottomley 3.00 X 0 0 0 Sheila Burke 3.00 X 0 0 0 John Collins 3.00 X 0 0 0 Pam Demetroulakos 3.00 X 0 0 0 Robert Duffy 3.00 X 0 0 0 Susan Fortin 3.00 X 0 0 0 James Hamilton 3.00 X 0 0 0 Julia Hesse 3.00 X 0 0 0 Courtney Kagan 3.00 X 0 0 0 Karla Kaneb 3.00 X 0 0 0 Jennifer Knowles 3.00 X 0 0 0 Ledyard McFadden 3.00 X 0 0 0 Nicola Savignano 3.00 X 0 0 0 Kelly Sheehan 3.00 X 0 0 0 William Shields 3.00 X 0 0 0 Bobbye Lou Sims 3.00 X 0 0 0 Eve Trkla 3.00 X 0 0 0 Joshua Webber 3.00 X 0 0 0 Duncan Wilkinson 3.00 X 0 0 0 Patrick Wilson 3.00 X 0 0 0 Lawrence A Griffin 40.00 X 318800 0 31530 Roberta B Whiting 40.00 X 214375 0 18888 Marge Cregg 40.00 X 152500 0 7250 Lee Carey 40.00 X 111250 0 11125 Elizabeth MacCurrach 40.00 X 106875 0 10688 903800 0 79481 5 0 1 0 Olson Lewis & Architects 17 Elm Street Manchester MA 01944 Architects 392504 Cresote Affects 314 W Main Street Emmitsburg MD 21727 Marketing/Campaign 215867 Design Technique 48 Northern Blvd Newbury MA 01951 Owner Representative 172510 3 3066415 85780 3066415 Tuition and fees 611600 11346799 11346799 Auxilliary activities 611710 196203 196203 Other income 611710 34379 34379 11577381 316995 316995 136410 73700 -136410 -62710 -136410 73700 14898081 11440971 0 390695 1029221 1029221 698895 698895 5598084 4297628 925280 375176 436186 297693 112505 25988 1276385 1059594 189544 27247 451648 308246 116493 26909 33421 33421 21000 21000 3450 3450 10728 10728 564772 324600 100494 139678 172385 74612 97773 227331 227331 164055 162313 1742 19315 5759 12510 1046 62739 62739 737435 737435 Student related expense 398782 185936 184687 28159 Repairs and maintenance 233567 229565 4002 Classroom related expen 134194 111673 22521 Professional developmen 113846 74626 12900 26320 328431 127524 124305 76602 12715870 9330673 2635330 749867 136393 438136 4242240 5644120 4041278 3044179 17297 45463 95000 70000 239524 454900 29791620 8411481 11569679 21380139 10182048 11122337 187251 181010 30710710 42380284 181510 1156956 525860 528215 50001 7948148 404400 405550 1161771 10038869 X 22604944 26243138 5455371 4608053 1488624 1490224 29548939 32341415 30710710 42380284 2182211 594977 15288 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7825664 69258 845896 336341 8404477 8224491 28320 -95833 331314 7825664 7063186 74777 1417076 330548 8224491 6509561 66870 830650 343895 7063186 8428743 6130 -1579174 346138 6509561 0.73130 0.26870 0.00000 0 0 10500 10500 27844932 6998428 20846504 1796105 1348909 447196 140083 64144 75939 21380139 Tuition deposits 405550 405550 X 14479125 594977 15288 610265 13868860 1029221 1029221 14898081 11686649 0 11686649 1029221 1029221 12715870 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: In determining the recognition of uncertain tax positions, the School applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2013, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XI, Line 4b - Other Adjustments: Financial Aid 1,029,221. Part XII, Line 4b - Other Adjustments: Financial Aid 1,029,221. 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 Policy is described in newspaper advertising. X X X X 1 Mr Jeffrey Berndt 4 Westgate Lane Cohasset MA 02025 Professional Fundraising Counsel 0 0 21000 0 21000 MA 1 Financial Aid 60 1029221 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Financial Aid is awarded to families who demonstrate financial need through the School and Student Services for Financial Aid (SSS) program, sponsored by the National Association of Independent Schools. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Lawrence A Griffin 318800 0 0 0 0 0 0 0 31530 0 350330 0 0 0 Roberta B Whiting 214375 0 0 0 0 0 0 0 18888 0 233263 0 0 0 Marge Cregg 152500 0 0 0 0 0 0 0 7250 0 159750 0 0 0 A Massachusetts Development Finance Agency 043431814 2012-06-28 4000000 Finance construction costs 0 0 0 B Massachusetts Development Finance Agency 043431814 2012-06-28 8500000 Finance construction costs 0 0 0 A 4000000 59920 3940080 0 0 1 1 B 3948148 127331 3820817 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 Lawrence A Griffin Head of School Purchase of Personal Residence X 170000 70000 0 1 1 70000 X 6 85780 Market Value 0 0 0 Form 990, Part VI, Section A, line 6 The parents of any child who is enrolled as a pupil of the school are members of the organization until such child ceases to be a pupil of the school. Form 990, Part VI, Section A, line 7a The members of the organization elect the trustees, treasurer and clerk. Form 990, Part VI, Section A, line 7b The members of the organization elect the trustees, treasurer and clerk. Form 990, Part VI, Section B, line 11 The Form 990 is presented to the compensation committee as directed by the board of directors. Form 990, Part VI, Section B, line 12c Shore Country Day School requires directors, officers, and key employees to complete a conflict of interest questionnaire every year. These individuals are asked to review the Conflict of Interest Policy at the same time. The completed forms are reviewed and any apparent conflicts are probed and resolved. The Board of Directors and staff are also vigilant during the year for any conflicts of interest which may arise in the period between completing the questionnaires. Form 990, Part VI, Section B, line 15 The process and policy for determining compensation for key employees at Shore Country Day School is as follows: The School has established a compensation committee to determine the compensation for key employees. The policy of the committee is to attract and retain key executive talent by providing a competitive total compensation package. In determining competitiveness, Shore Country Day School looks primarily to compensation offered by other local non-profit organizations that are similar in size as well as reviewing statistical data provided by the National Association of Independent Schools. The Compensation Committee of the Board of Directors reports the process to the Board of Directors as well as any major changes in the School's benefit plans applicable to key executives of Shore Country Day School. "Key executive" is defined as Headmaster and Chief Financial Officer. The Compensation Committee documents the basis for its determination of the reasonable compensation for those key executives under its review and the basis for determining that the compensation of the executive was reasonable in light of market data. The Compensation Committee reports to the Board of Directors on an annual basis. The Board of Directors periodically reviews the membership of the Compensation Committee with a view to making sure that no member is subject to a conflict of interest which would make his or her participation in the review of compensation inappropriate. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, financial statements and Form 990 are immediately made available to the public by calling the School's office, walking into the School's office or mailing in a request to the School. The Form 990 and financial statements are also available through the Massachusetts Attorney General's office/website.