2013-11-01T11:14:54-05:00 2013-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2012-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 PETER HENDEL 6035361748 2013-10-28 1 ORESTE J MOSCA P00366101 6032245357 2012 2015-11-30 17:44:51Z PETER HENDEL CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 27434170 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 282. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 26 26 217 26 0 0 2144351 3512507 13561187 13875803 575141 627417 60740 0 16341419 18015727 3014340 3092882 0 0 7811233 7916695 0 0 1171433 5790539 6144344 16616112 17153921 -274693 861806 75517345 80282845 9583325 9820774 65934020 70462071 X LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 282. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 13678387 3092882 13875803 PRIVATE SECONDARY SCHOOL WHICH SERVICED 282 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, TEACHING SUBJECTS USUALLY TAUGHT IN PUBLIC SCHOOLS. DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 13678387 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 1 217 1 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PETER HENDEL 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR PAUL MARTINI 2.00 X 0 0 0 MR HARRY SHEEHY 2.00 X 0 0 0 MR WILLIAM L PRICKETT 2.00 X 0 0 0 MS SUSAN PAINE 2.00 X 0 0 0 MR THOMAS PHILLIPS 2.00 X 0 0 0 MR NIGEL D FURLONGE 2.00 X 0 0 0 MR DOUGLAS H GRISWOLD 2.00 X 0 0 0 MR JAMES HAMBLIN 3.00 X X 0 0 0 MR PETER NORDBLOM 2.00 X 0 0 0 MS JAN HAUSER 2.00 X 0 0 0 MR CHRISTOPHER CARNEY 2.00 X X 0 0 0 MR JON Q REYNOLDS JR 2.00 X 0 0 0 MR A ROBERT HIRSCHFELD 2.00 X 0 0 0 MR RUSSELL CUSHMAN 2.00 X 0 0 0 MR RICHARD NESBITT 2.00 X 0 0 0 MS TAMAR PICHETTE 2.00 X 0 0 0 MR IAN SANDERSON 2.00 X 0 0 0 MS JENNIFER ALFOND SEEMAN 2.00 X 0 0 0 MS ELLYN PAINE WEISEL 2.00 X 0 0 0 MS GRACE MACOMBER BIRD 2.00 X 0 0 0 MR RANDOLPH DALES 2.00 X X 0 0 0 MS TRACY GILLETTE 2.00 X 0 0 0 MR ROBERT HALL 2.00 X 0 0 0 MR JON BAUM 2.00 X 0 0 0 MR GARY A SPIESS ESQ 2.00 X 0 0 0 MR JEROME THOMAS 2.00 X 0 0 0 MR R PHILLIP PECK 40.00 X 220484 0 69916 MR GEORGE MACOMBER 60.00 X 110183 0 44098 MR PETER HENDEL 60.00 X 144083 0 44412 MR ROBERT CALDWELL 60.00 X 153870 0 14768 628620 0 173194 4 0 1 0 0 3512507 509476 3512507 TUITION AND FEES 900099 13007446 13007446 SUMMER PROGRAM REVENUE 900099 493236 493236 SCHOOL ACTIVITY REVENUE 900099 375121 375121 13875803 634356 634356 9411504 9418443 -6939 -6939 -6939 18015727 13875803 0 627417 3092882 3092882 565921 393052 172869 5497425 3979561 860742 657122 464076 334671 79110 50295 839760 607050 133137 99573 549513 398763 89223 61527 96418 96418 52208 52208 105134 105134 33377 8732 24645 135529 63185 72344 107123 12193 50756 44174 213782 106891 64135 42756 1267384 1189675 77709 198293 131648 25453 41192 28743 22134 6609 107910 107910 1171106 1171106 141884 141884 RESIDENTIAL SERVICES 565780 565780 OTHER MISCELLANEOUS 441786 154043 216547 71196 SUMMER PROGRAM 361809 361809 TUITION REMISSION 339200 339200 776878 776878 17153921 13678387 2304101 1171433 700 730 5075166 6138233 2527115 2431593 49497 10598 167639 176968 273466 179817 41416403 15839198 25086555 25577205 42302594 45735448 34613 32253 75517345 80282845 754841 761237 4328484 4559537 4500000 4500000 9583325 9820774 X 30630854 32129943 14791509 16822950 20511657 21509178 65934020 70462071 75517345 80282845 X 861806 3626156 40089 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40760825 1128210 4150089 837632 600271 158857 44442364 46321896 351120 -4340802 795489 613377 162523 40760825 39227478 1383254 7241576 736171 629075 165166 46321896 36670099 341859 3685605 669632 633927 166526 39227478 45507114 2020954 -9472597 616991 603741 164640 36670099 0.21290 0.43810 0.34900 0 0 424972 424972 36743757 12620109 24123648 4247674 3219089 1028585 25577205 INVESTMENTS - SECURITIES 43270240 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 2465208 F 45735448 X 18483955 3626156 115819 3741975 14741980 105134 3168613 3273747 18015727 13955905 0 13955905 105134 3092882 3198016 17153921 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF SPLIT-INTEREST AGREEMENTS 115,819. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,092,882. BAD DEBT EXPENSE 75,731. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 3,092,882. 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 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 110 3092882 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MR R PHILLIP PECK 220484 0 0 0 0 0 20816 0 49100 0 290400 0 0 0 MR GEORGE MACOMBER 110183 0 0 0 0 0 10097 0 34001 0 154281 0 0 0 MR PETER HENDEL 144083 0 0 0 0 0 13626 0 30786 0 188495 0 0 0 MR ROBERT CALDWELL 153870 0 0 0 0 0 13686 0 1082 0 168638 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 X 43 489431 FMV ON DONATION DATE X ATHLETIC GEAR 2 2659 FMV ON DONATION DATE X TEAM MEALS 2 200 FMV ON DONATION DATE X FURNITURE/DECOR 2 17165 FMV ON DONATION DATE X CHEMISTRY SUPPLIES 1 21 FMV ON DONATION DATE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER GRACE MACOMBER BIRD IS THE SISTER OF THE ACTING HEAD OF SCHOOL, GEORGE MACOMBER. FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD AT THEIR OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES OF THE SCHOOL. THE FORMAL PROCESS FOR DETERMINING COMPENSATION OF ALL KEY EMPLOYEES IS AS FOLLOWS: HEAD OF SCHOOL - ANNUALLY THE COMPENSATION COMMITTEE MEETS AND REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND ALSO REVIEWS BENCHMARK INFORMATION OF SALARY AND BENEFITS FROM 14 PEER SCHOOLS. THE COMMITTEE THEN RECOMMENDS A TOTAL COMPENSATION PACKAGE. THIS RECOMMENDATION IS REVIEWED AND VOTED ON BY THE FULL BOARD OF TRUSTEES. OTHER HIGHLY COMPENSATED EMPLOYEES OF THE SCHOOL - ANNUALLY THE HEAD OF SCHOOL PRESENTS TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW HIS/HER RECOMMENDATION AS TO THE COMPENSATION LEVELS FOR ANY HIGHLY COMPENSATED EMPLOYEE OF THE SCHOOL. THE HEAD SUPPORTS THESE DECISIONS WITH A REPORT ON JOB PERFORMANCE FOR EACH EMPLOYEE AND WITH BENCHMARK INFORMATION FROM 14 PEER BOARDING SCHOOLS. THIS PROCEDURE WAS LAST CONDUCTED ON MAY 11, 2013. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 115,819. BAD DEBT EXPENSE -75,730. AUDIT COMMITTEE PROCESS 990, PART XII, LN 2C AUDIT COMMITTEE OVERSIGHT PROCESS REMAINS UNCHANGED FROM PRIOR YEAR.