2013-02-12T10:25:58-06:00 2012-06-30 060530830 SEWARD AND MONDE CPA'S 296 STATE STREET NORTH HAVEN CT 064732165 990 2011-07-01 042121313 BERKSHIRE SCHOOL INC BERK 4132298511 UNDERMOUNTAIN ROAD SHEFFIELD MA 012579672 STEPHEN P NORMAN 4132291231 2013-02-12 LOUIS A CRISCUOLO P01215715 2032489341 2011 2016-03-07 17:11:31Z STEPHEN P NORMAN UNDERMOUNTAIN ROAD SHEFFIELD MA 012579672 104567818 0 X BERKSHIRESCHOOL.ORG X 1919 MA TO PROVIDE SECONDARY EDUCATIONAL, SOCIAL, AND ATHLETIC PROGRAMS TO CHILDREN. 30 29 216 75 589741 -527941 11717880 4060256 19297946 19837166 3000205 1500738 308806 500676 34324837 25898836 4026075 4282654 574400 609600 11270930 11529130 0 0 1198030 12988479 12361013 28859884 28782397 5464953 -2883561 228294024 220073360 33481513 34371792 194812511 185701568 X TO PROVIDE YOUNG MEN AND WOMEN WITH THE INTELLECTUAL AND MORAL FOUNDATIONS AND THE LEADERSHIP SKILLS THAT WILL ENABLE THEM TO FLOURISH AS MEMBERS OF A FAMILY AND A COMMUNITY AS THEY CONFRONT THE CHALLENGES OF COLLEGE AND BEYOND. 0 0 19502894 4282654 18300548 INSTRUCTION OF APPROXIMATELY 382 HIGH SCHOOL AGED CHILDREN BY APPROXIMATELY 65 QUALIFIED INSTRUCTORS. 1148150 830569 CONDUCTING ATHLETIC PROGRAMS AND VARIOUS OTHER STUDENT ACTIVITIES. 1706417 116309 PROVIDING FOOD SERVICES AND SUPPLIES AND INFIRMARY FOR STUDENTS. 660300 589741 CONDUCTING VARIOUS SUMMER PROGRAMS 660300 589741 23017761 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 X 66 0 1 216 1 1 1 1 BD CA EI BF CJ 0 0 0 0 0 0 0 0 X 30 29 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MA NY X JOHN E ALDEN JR 4132298511 BERKSHIRE SCHOOL SHEFFIELD MA 01257 HANS L CARSTENSEN III 1.00 X 0 0 0 LO-YI CHAN 1.00 X 0 0 0 ALICE E COLE 1.00 X X 0 0 0 ROBERT W CRISPIN 1.00 X 0 0 0 PETER R KELLOGG 1.00 X 0 0 0 JOHN H ELLWOOD 1.00 X 0 0 0 C TWIGGS MYERS 1.00 X 0 0 0 STEPHEN P NORMAN 1.00 X X 0 0 0 RHONDA BENTLEY-LEWIS 1.00 X 0 0 0 DAVID T RONDEAU 1.00 X 0 0 0 JOHN W WATKINS 1.00 X X 0 0 0 JAMES E HOOPER 1.00 X 0 0 0 GILMAN C PERKINS 1.00 X 0 0 0 MICHAEL J MAHER 40.00 X X 248618 0 70417 LANCE R ODDEN 1.00 X 0 0 0 JOHN C KUHN 1.00 X 0 0 0 ALLISON WOOD 1.00 X 0 0 0 DAVID W PUTH 1.00 X X 0 0 0 STUART M BELL 1.00 X 0 0 0 EDWARD A REGER 1.00 X 0 0 0 THOMAS STEINER 1.00 X 0 0 0 ANNE SUTHERLAND FUCHS 1.00 X 0 0 0 JIN HO KUM 1.00 X 0 0 0 KEITH L REED 1.00 X 0 0 0 JOHN E TOFFOLON JR 1.00 X 0 0 0 LARA SCHEFLER MCLANAHAN 1.00 X 0 0 0 JEFFREY A VANDERBEEK 1.00 X 0 0 0 ANDREW D ALLEN 1.00 X 0 0 0 TRACEY E GERBER 1.00 X 0 0 0 JAMES L HASKEL 1.00 X 0 0 0 JOHN E ALDEN JR 40.00 X 160117 0 25679 ANDREW P KAY 40.00 X 80603 0 17842 JOHN E ORMISTON 40.00 X 120640 0 18406 WILLIAM P CLOUGH 40.00 X 118429 0 24091 PETER MULDER 40.00 X 104463 0 23299 TIMOTHY J FULCO 40.00 X 114241 0 18513 947111 0 198247 6 0 1 0 FONTAINE BROS INC 112 WALL STREET TORRINGTON CT 06790 BUILDING CONTRACTORS 14635888 FINEGOLD ALEXANDER & ASSOCIATES 77 NORTH WASHINGTON ST BOSTON MA 02114 ARCHITECTURAL SERVICES 357937 JOE WILKINSON & SONS EXCAVATION INC 1551 BOARDMAN STREET SHEFFIELD MA 01257 EXCAVATION SERVICES 339092 PMG INC 42 BROCKWAY ROAD WOODSTOCK CT 06282 PROJECT MANAGEMENT 306317 JOHNSTON BUILDING CONTRACTORS INC PO BOX 234 MILL RIVER MA 01244 BUILDING CONTRACTORS 287861 7 4060256 768534 4060256 TUITION & FEES 900099 18300548 18300548 STUDENT SUPPORT SERVIC 611710 777836 777836 SPECIAL PROGRAMS 711300 355460 355460 DAY CARE 624410 234281 234281 MISCELLANEOUS INCOME 611710 116309 116309 52732 52732 19837166 1165358 1165358 79004362 78502722 166260 501640 -166260 335380 335380 P.V. ADJ FOR SPLIT-INT 900099 480910 480910 FINANCE CHARGES 900099 19766 19766 500676 25898836 18300548 589741 2948291 4282654 4282654 609600 609600 624903 249961 374942 8012873 5635129 1858137 519607 576961 325758 187152 64051 1744784 1062950 355582 326252 569609 343967 192014 33628 358502 358502 124505 86278 38227 3749575 2781317 854952 113306 37558 37558 2692765 2692765 215430 169882 45548 3492 3492 405706 405706 3928685 3928685 298169 58770 239399 PROFESSIONAL FEES 567058 216151 296988 53919 AMORTIZATION 1500 1500 BAD DEBT -21932 -21932 28782397 23017761 4566606 1198030 580148 779127 7765546 16960994 5191378 4397836 72765 226860 395240 439000 210273 231631 131669617 38479987 89735767 93189630 114968050 83673352 1648031 1921701 7726826 18253229 228294024 220073360 10439294 10458128 5982566 7662883 16000000 15545000 116050 47144 943603 658637 33481513 34371792 X 133809109 146159984 37972852 16039464 23030550 23502120 194812511 185701568 228294024 220073360 X -2883561 -6227382 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92527307 2886951 -2037429 3823801 89553028 81174307 481992 12815829 1944821 92527307 70259093 8080526 5032123 2197435 81174307 85234338 6827991 -19489744 2313492 70259093 0.68200 0.31800 0 0 71043 71043 113297728 28097800 85199928 8968609 7730457 1238152 9332237 2651730 6680507 93189630 CONSTRUCTION IN PROGRESS 18253229 18253229 AMOUNTS HELD ON BEHALF OF OTHERS 176889 INTEREST RATE SWAP 481748 658637 25898836 28782397 -2883561 -5463181 -764201 -6227382 -9110943 15184899 -5463181 -5463181 20648080 358502 4892254 5250756 25898836 23531641 0 23531641 358502 4892254 5250756 28782397 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL FOLLOWS A POLICY THAT ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE INTEGRITY OF ENDOWMENT ASSETS. PART XI, LINE 8 - OTHER ADJUSTMENTS: POST RETIREMENT MEDICAL BENEFITS -1,040,005. INTEREST RATE SWAP HEDGE ADJUSTMENTS 275,804. TOTAL TO SCHEDULE D, PART XI, LINE 8: -764,201. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS 4,282,654. FACULTY AND STAFF REMISSIONS 609,600. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS 4,282,654. FACULTY AND STAFF REMISSIONS 609,600. 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 NOTED IN GENERAL PUBLICATIONS AND ADVERTISEMENTS CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17214000 0 0 0 0 0 0 17214000 0 17214000 0 0 1 0 1 0 1 FINANCIAL AID TO STUDENTS 124 0 4282654 FAIR MARKET VALUE REDUCTION OF TUITION CHARGED TO STUDENTS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAINTAINS A LISTING OF ALL SCHOLARSHIP RECIPIENTS AND AMOUNTS AWARDED TO EACH STUDENT. X X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 MICHAEL J MAHER 248618 0 0 0 0 0 37033 0 33384 0 319035 0 0 0 JOHN E ALDEN JR 160117 0 0 0 0 0 16837 0 8842 0 185796 0 0 0 PART I, LINE 1B THE ORGANIZATION HAS A PRACTICE OF ALLOWING FIRST-CLASS OR BUSINESS CLASS TRAVEL FOR THE EMPLOYEES' CONVENIENCE. THE ORGANIZATION ALSO ALLOWS TRAVEL FOR THE HEAD OF SCHOOL'S WIFE, AN EMPLOYEE OF THE ORGANIZATION, WHEN SHE IS TRAVELING FOR BUSINESS PURPOSES. THE ORGANIZATION HAS A PRACTICE OF PROVIDING ON CAMPUS HOUSING FOR KEY EMPLOYEES WHO NEED TO HAVE DIRECT AND REGULAR CONTACT WITH OUR STUDENTS. JEAN MAHER SPOUSE OF SECRETARY/HEAD OF SCHOOL MICHAEL J. MAHER 80322 EMPLOYMENT 0 CHERYL ALDEN SPOUSE OF ASSISTANT TREASURER/CFO JOHN E. ALDEN, JR. 14493 EMPLOYMENT 0 E G ANDERSON & CO TRUSTEE PETER R. KELLOGG HAS BUSINESS INTEREST IN ENTITY 18000 RENT AT MARKET RATES OF A HOUSE THAT ADJOINS THE SCHOOL'S CAMPUS 0 NATIONAL HOCKEY TRAINING CAMPS COMPANY OWNED IN PART BY HEAD OF SCHOOL MICHAEL J. MAHER 43732 LEASED FACILITIES AT MARKET RATES FOR SUMMER CAMP 0 PPS BERKSHIRE SOLAR LLC CERTAIN TRUSTEES AND FAMILY MEMBERS OF TRUSTEES ARE PARTNERS IN ENTITY 145624 SALE OF ELECTRICITY 0 X 14 768534 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): 14 IS THE NUMBER OF ACTUAL CONTRIBUTIONS MADE. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES DAVID PUTH, KEITH REED, PETER KELLOGG AND WILLIAM MCLANAHAN (SPOUSE OF TRUSTEE) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B AN EXECUTIVE COMMITTEE EXISTS AND HAS THE POWER TO ACT ON BEHALF OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE DID NOT MEET AND TAKE ANY ACTION ON BEHALF OF THE GOVERNING BODY DURING THIS PERIOD. FORM 990, PART VI, SECTION B, LINE 11 THIS YEAR'S 990 WAS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER AND MEMBERS OF THE AUDIT COMMITTEE PRIOR TO THE FILING OF THE RETURN. IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD ARE ANNUALLY ASKED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE BOARD, WHOSE MEMBERS ARE INDEPENDENT, USING COMPARATIVE SALARY INFORMATION FROM SEVERAL SOURCES, INCLUDING AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT, MAKES RECOMMENDATIONS TO THE INDEPENDENT MEMBERS OF THE BOARD AND THIS GROUP APPROVES COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,463,181. POST RETIREMENT MEDICAL BENEFITS -1,040,005. INTEREST RATE SWAP HEDGE ADJUSTMENTS 275,804. TOTAL TO FORM 990, PART XI, LINE 5: -6,227,382.