2013-02-13T06:25:45-06:00 2012-06-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2011-07-01 042104328 COTTING SCHOOL INC COTT 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 DAVID W MANZO 7818627323 2013-02-12 1 JOHN G MADDEN P00142526 7813564800 2011 2016-03-07 17:11:31Z DAVID W MANZO 453 CONCORD AVENUE LEXINGTON MA 02421 22500626 0 X WWW.COTTING.ORG X 1893 MA TO EDUCATE CHILDREN AND ADULTS WHO HAVE PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING. 16 15 194 19 0 0 995913 761425 8540589 7811244 4449059 2566358 110494 131130 14096055 11270157 0 0 0 0 8973423 8736331 0 0 329131 2599893 2562466 11573316 11298797 2522739 -28640 84941459 81258232 4017267 5221951 80924192 76036281 TO ENABLE STUDENTS WITH SPECIAL NEEDS TO ACHIEVE THEIR HIGHEST LEARNING POTENTIAL AND LEVEL OF INDEPENDENCE. 0 0 9235752 7814162 DAY/SUMMER PROGRAM - COMPREHENSIVE PRIMARY, MIDDLE, UPPER AND POST GRADUATE EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUNG ADULTS WHO HAVE VARIED PHYSICAL, COMMUNICATION AND OTHER CHALLANGES TO LEARNING. APPROXIMATELY 105 CLIENTS SERVED. 9235752 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 194 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MR MICHAEL PEMBROKE 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 JOHN BEACH 1.00 X 0 0 0 STUART A RANDLE 1.00 X 0 0 0 GINNY NICHOLAS 1.00 X 0 0 0 MICHAEL DURKIN 1.00 X 0 0 0 LYNDA KABBASH MD 1.00 X 0 0 0 MAKEEBA MCCREARY 1.00 X 0 0 0 SUSAN HALBY 1.00 X 0 0 0 HENRY W CLARK PHD ESQ 1.00 X 0 0 0 RICHARD C KEELEY 1.00 X 0 0 0 KATHERINE MARTIEN MD 1.00 X 0 0 0 JOAN THORNDIKE 1.00 X 0 0 0 ELISE WALLACE 1.00 X 0 0 0 DAVID W MANZO 45.00 X 280553 0 37697 DAVID C CUSHING CFA 1.00 X 0 0 0 CHARLES T HAYDOCK 1.00 X 0 0 0 D ELIOT KLEIN 1.00 X 0 0 0 ANNE P OGILBY ESQ 1.00 X 0 0 0 MICHAEL PEMBROKE 45.00 X 146696 0 36325 PAUL GOODOF 1.00 X 0 0 0 RAYMOND L KILLIAN JR 1.00 X 0 0 0 DAVID S LEE 1.00 X 0 0 0 BRIDGET IRISH 45.00 X 143837 0 10435 KRISTA MACARI 45.00 X 139308 0 19577 710394 0 104034 4 0 1 0 PAUL BRYAN 28 CONCORD CROSSING CONCORD MA 01742 COMPUTER SERVICES 176820 US TRUST 225 FRANKLIN STREET BOSTON MA 02110 INVESTMENT SERVICES 158844 O'LEARY TEMPERATURE CONTROLS 288 WATER STREET WAKEFIELD MA 01880 HEATING & A/C 126526 3 51485 3500 706440 761425 TUITION 611710 7811244 7811244 7811244 1818785 1818785 11945643 11198070 747573 747573 747573 32399 51485 32399 0 OTHER INCOME 611710 131130 131130 131130 11270157 7942374 0 2566358 513639 485524 28115 5963732 5259573 562728 141431 407845 369872 37973 1316435 1199126 91958 25351 534680 456193 67499 10988 5541 5541 54100 54100 317538 220479 69749 27310 745709 663667 63425 18617 53037 50432 1236 1369 737895 670010 55898 11987 33744 33744 MISCELLANEOUS PROGRAM A 490886 277364 204539 8983 PROGRAM SUPPORT 124016 69036 54980 11298797 9235752 1733914 329131 X 842660 1465232 1214421 108310 159094 88204 831975 564164 118236 18821 15887862 12348502 3870434 3539360 76041502 73632665 1863137 1841476 84941459 81258232 718887 701718 3835 2132 3294545 4518101 4017267 5221951 X 69911257 64854279 5612891 5803870 5400044 5378132 80924192 76036281 84941459 81258232 X -28640 -4859271 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 15 4.00 0 1 0 2.00 0 73714713 2328 -1383945 -1975000 70358096 62561407 5166 13123140 -1975000 73714713 57867370 767864 5251173 -1325000 62561407 72408765 32842 -12312625 -2261612 57867370 0.92000 0.05000 0.03000 0 0 240885 240885 14348091 11488287 2859804 1298886 860215 438671 3539360 LONG-TERM ACCRUED POST RETIREMENT BENEFITS 4383181 LONG-TERM ACCRUED DEFERRED COMPENSATION 134920 4518101 11270157 11298797 -28640 -4859271 -4859271 -4887911 11302556 32399 32399 11270157 0 11270157 16190467 4859271 32399 4891670 11298797 0 11298797 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THERE ARE NO APPLICABLE AMOUNTS IN CONNECTION WITH THE ORGANIZATION'S EASEMENTS THAT ARE REQUIRED TO BE REPORTED IN ITS FINANCIAL STATEMENTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO FURTHER ENHANCE THE EDUCATIONAL MISSION OF THE ORGANIZATION AND PROVIDE FOR LONG TERM STABILITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE INSTITUTION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE INSTITUTION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE INSTITUTION HAS ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT, AS OF JUNE 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE INSTITUTION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: NON-OPERATING POSTRETIREMENT BENEFIT PLAN LOSS -975,082. NET UNREALIZED LOSSES ON INVESTMENTS -3,884,189. TOTAL TO SCHEDULE D, PART XI, LINE 8: -4,859,271. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 32,399. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 32,399. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENT IN LOCAL NEWSPAPER. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE INSTITUTION CONTRACTS WITH MASSACHUSETTS LOCAL EDUCATIONAL AUTHORITIES TO PROVIDE EDUCATIONAL TRAINING TO STUDENTS WITH SPECIAL NEEDS. SEE FORM 990, PART III FOR DESCRIPTION OF SERVICES. BTSF 83884 51485 32399 32399 83884 51485 32399 32399 32399 0 X X X X 0 0 0 0 0 0 0 0 0 DAVID W MANZO 280553 0 0 0 0 0 21238 0 16459 0 318250 0 0 0 MICHAEL PEMBROKE 146696 0 0 0 0 0 14765 0 21560 0 183021 0 0 0 BRIDGET IRISH 143837 0 0 0 0 0 8764 0 1671 0 154272 0 0 0 KRISTA MACARI 139308 0 0 0 0 0 9135 0 10442 0 158885 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S PRESIDENT/EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER AND BOARD OF TRUSTEES REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS AND TRUSTEES OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF TRUSTEES USES A COMPETENT SALARY SURVEY, SUCH AS GUIDSTAR, TO COMPARE COMPENSATION FOR THE PRESIDENT OF THE INSTITUTION WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. THE CHAIR MAY ALSO SOLICIT INPUT FROM OTHER TRUSTEES, OR CONVENE A COMPENSATION COMMITTEE REGARDING THE PRESIDENT'S PERFORMANCE AND COMPENSATION. THE CHAIR WILL THEN PRESENT HIS/HER FINDINGS AND RECOMMENDATIONS IN AN EXECUTIVE SESSION WITHOUT THE PRESIDENT PRESENT, TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE FULL BOARD WILL DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF THE PRESIDENT'S COMPENSATION. IT IS THE RESPONSIBILITY OF THE PRESIDENT TO PROPOSE COMPENSATION OF SENIOR MANAGEMENT EMPLOYEES IN ACCORDANCE WITH THE BUDGET APPROVED BY THE BOARD OF TRUSTEES. ANNUALLY, THE PRESIDENT, IN EXECUTIVE SESSION OF THE FULL BOARD, WILL PROPOSE HIS ADJUSTMENTS TO THE COMPENSATION OF SENIOR MANAGEMENT, ALONG WITH A PRESENTATION OF A COMPETENT SALARY SURVEY, SUCH AS GUIDESTAR, TO DEVELOP BENCHMARK COMPENSATION FOR SENIOR MANAGEMENT. COMPENSATION FOR SENIOR MANAGEMENT WILL BE COMPARED WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. UTILIZING THIS INFORMATION, THE BOARD OF TRUSTEES WILL APPROVE THE COMPENSATION OF SENIOR MANAGEMENT AND DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF SENIOR MANAGEMENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE WEBSITES OF CERTAIN STATE REGULATORY AGENCIES AS WELL AS UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NON-OPERATING POSTRETIREMENT BENEFIT PLAN LOSS -975,082. NET UNREALIZED LOSSES ON INVESTMENTS -3,884,189. TOTAL TO FORM 990, PART XI, LINE 5: -4,859,271.