2013-05-13T16:49:26-05:00 2012-06-30 042943536 Tonneson & Company CPAs PC 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2011-07-01 042104926 Shore Country Day School SHOR 9789271700 545 Cabot Street Beverly MA 01915 Joseph F Trustey 9789271700 2013-05-08 1 Cynthia P Almquist P01309212 7812459999 2013-05-08 2011 2016-02-24 21:20:13Z Joseph F Trustey 545 Cabot Street Beverly MA 01915 17729768 0 X www.shoreschool.org X 1936 MA To provide education to students in Readiness/Kindergarten to 9th Grade. 25 25 152 250 0 0 2227273 6398525 10800142 10857386 176950 208192 0 -7048 13204365 17457055 939167 937707 0 0 7360187 8249468 52500 21000 687107 3820691 3039157 12172545 12247332 1031820 5209723 25790921 30710710 1109731 1161771 24681190 29548939 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 9018700 937707 10672501 Shore Country Day School provides education to approximately 440 students in Readiness/Kindergarten to 9th Grade. 9018700 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 47 0 1 152 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 Susan Murley 5.00 X X 0 0 0 James Allan 3.00 X 0 0 0 Kevin Bottomley 3.00 X 0 0 0 Sheila Burke 3.00 X 0 0 0 Martha Carter 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 Peter Harrison 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 Bobbye Lou Sims 3.00 X 0 0 0 Eve Trkla 3.00 X 0 0 0 Seth Ward 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 311550 0 30680 Roberta B Whiting 40.00 X 200375 0 18387 Marge Cregg 40.00 X 128500 0 6425 Lee Carey 40.00 X 109250 0 10925 Elizabeth MacCurrach 40.00 X 104625 0 10462 854300 0 76879 5 0 1 0 Olson Lewis & Architects 17 Elm Street Manchester MA 01944 Architects 920382 1 6398525 162209 6398525 Tuition and fees 611600 10672501 10672501 Auxilliary activities 611710 158125 158125 Other income 611710 26760 26760 10857386 223702 223702 55784 40274 -55784 -15510 -55784 40274 209881 216929 -7048 -7048 17457055 10801602 0 256928 937707 937707 659014 659014 5483902 4190418 896807 396677 421022 287202 106633 27187 1236784 1037074 172650 27060 448746 306114 113654 28978 32801 32801 21000 21000 1450 1450 5287 5287 493177 296061 109840 87276 174711 80161 94550 193582 193582 161791 160449 1342 20781 5136 15200 445 733127 733127 Student related expense 391794 196366 184024 11404 Repairs and maintenance 269916 265357 4559 Professional developmen 131126 104557 10246 16323 Classroom related expen 108737 89124 19613 320877 129528 121934 69415 12247332 9018700 2541525 687107 85940 136393 4189570 4242240 0 4041278 13731 17297 290391 239524 20320553 8655874 10775583 11664679 10435706 10182048 0 187251 25790921 30710710 167395 181510 543436 525860 50001 398900 404400 1109731 1161771 X 21302149 22604944 1891917 5455371 1487124 1488624 24681190 29548939 25790921 30710710 X 5209723 -341974 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8224491 18010 -95822 321015 7825664 7063186 74777 1417076 330548 8224491 6509561 66870 830650 343895 7063186 8428743 6130 -1579174 346138 6509561 0.73000 0.27000 0 0 10500 10500 18434203 7251634 11182569 1735767 1352765 383002 140083 51475 88608 11664679 Tuition deposits 404400 404400 17457055 12247332 5209723 -341974 -341974 4867749 16434319 -341974 40016 216929 -85029 16519348 937707 937707 17457055 11566570 40016 216929 256945 11309625 937707 937707 12247332 Description of Uncertain Tax Positions Under FIN 48: Part X: 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, 2012, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 216,929. Part XII, Line 4b - Other Adjustments: Financial Aid 937,707. Part XIII, Line 2d - Other Adjustments: Fundraising Expenses 216,929. Part XIII, Line 4b - Other Adjustments: Financial Aid 937,707. 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 16 Wood Way Cohasset MA 02025 Professional Fundraising Counsel 0 0 21000 0 21000 MA 75th Anniversary Event 209881 0 209881 56110 6100 154719 209881 209881 56110 6100 154719 216929 -7048 1 Financial Aid 59 937707 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 311550 0 0 0 0 0 0 0 30680 0 342230 0 0 0 Roberta B Whiting 200375 0 0 0 0 0 0 0 18387 0 218762 0 0 0 X 7 162209 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 Attoney General's office/website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -341,974.