2013-02-14T08:49:47-07:00 2012-06-30 990 2011-07-01 042103632 TABOR ACADEMY TABO 5087482000 Front Street Marion MA 02738 Paul White 5087482000 2013-02-14 2011 2016-03-07 17:11:31Z Jay S Stroud Front Street Marion MA 02738 30660785 0 X www.taboracademy.org X 1876 MA Independent Secondary Education 23 23 332 0 0 0 2112300 3460448 24783217 26074846 1117758 1101941 37800 23550 28051075 30660785 4545870 4554700 0 0 12709988 12841172 0 0 1060090 9356653 9970884 26612511 27366756 1438564 3294029 81849732 80597500 21272659 22195695 60577073 58401805 Tabor Academy, as a coeducatonal college preparatory school, focuses its academic programs to inspire a life-long love of learning, to instill a passion for the highest standards of achievement, to encourage personal responsibility, and to foster care for others and committed citizenship. 0 0 22292192 4554700 26074846 Tabor Academy is an independent secondary boarding and day school engaged in the process of educating approximately 500 students. 0 0 0 22292192 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 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 0 1 61 0 1 332 1 0 1 CJ 0 0 0 1 1 0 1 1 1 1 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA X Paul C White 5087482000 Front Street Marion MA 02738 X David Barrett 2 X 0 0 0 Keith Browning 5 X X 0 0 0 William Phelps 2 X 0 0 0 R William Blasdale 2 X 0 0 0 Edward Jeager 2 X 0 0 0 Phillips Smith 2 X X 0 0 0 Gregory Barnhill 2 X 0 0 0 Carmine Martignetti 2 X 0 0 0 Deborah Clark 2 X X 0 0 0 Joanne Fallon 2 X 0 0 0 Geoffrey Worrell 2 X 0 0 0 William Hurley III 2 X 0 0 0 Jennifer McIntire 2 X 0 0 0 Louis Wolfe 2 X 0 0 0 Susan Grosart 2 X 0 0 0 Lee Pokoik 2 X 0 0 0 David Campbell 2 X 0 0 0 Charles Talanian 2 X 0 0 0 James Tomlinson 2 X 0 0 0 Peter Francis 2 X 0 0 0 Paul Murphy 2 X X 0 0 0 Clement Benenson 2 X 0 0 0 John Fish 2 X 0 0 0 Jay Stroud 50 X 314079 0 38800 Paul White 50 X 223526 0 37500 Donald Wing 45 X 130002 0 24000 Richard Roller 40 X 109675 0 16800 Andrew McCain 40 X 100726 0 20800 878008 0 137900 5 0 1 0 S J Services 108 Broadway Salem MA 01971 Custodial Services 205643 Towers Watson 800 Boylston Street Boston MA 02199 Actuarial 128458 2 0 0 0 0 0 3460448 261429 3460448 Tuition 900099 23402505 23402505 0 0 Endowment Availment 900099 1326688 1326688 0 0 Misc Income (no UBIT) 900099 747486 747486 0 0 Trust Income 900099 340334 340334 0 0 Student Activities 900099 248786 248786 0 0 9047 9047 0 0 26074846 317331 0 0 317331 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 790963 -6353 0 0 790963 -6353 784610 0 0 784610 0 0 0 0 0 0 0 0 0 0 0 0 23550 0 23550 23550 0 0 0 30660785 26098396 0 1101941 0 0 4554700 4554700 0 0 0 0 824072 0 824072 0 0 0 0 0 9112920 8154585 335026 623309 879258 790138 57955 31165 1331238 1092453 155281 83504 693684 569257 80915 43512 0 0 0 0 179667 0 179667 0 98454 0 98454 0 0 0 0 0 0 0 82148 0 82148 0 155852 0 155852 0 227211 68977 88571 69663 472806 305152 140788 26866 86489 0 86489 0 0 0 0 0 2176148 1875175 300973 0 76895 5040 20202 51653 0 0 0 0 13618 828 9282 3508 574720 0 574720 0 0 0 0 0 1884665 1884665 0 0 166670 0 166670 0 Intruction 1030447 1030447 0 0 Student Support Services 1515218 1515218 0 0 Waterfront 168674 168674 0 0 Administration 784319 0 657409 126910 276883 276883 0 0 27366756 22292192 4014474 1060090 3150723 3702746 69116 69821 649352 593032 1403881 1342768 0 0 0 0 509768 561041 0 0 665715 862351 65599275 29887090 35938215 35712185 19319954 18739410 10935959 10570315 0 0 0 0 9207049 8443831 81849732 80597500 2054411 1871607 0 0 0 0 10685000 9870000 0 0 0 0 1300000 1300000 0 0 7233248 9154088 21272659 22195695 X 21617175 20140493 17255283 16518064 21704615 21743248 60577073 58401805 81849732 80597500 X 3294029 -5469297 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29297987 709880 -606965 476188 757643 115155 28051916 26105406 405804 4191726 496656 801288 107005 29297987 24135181 594795 2927306 544936 908604 98336 26105406 30642788 288191 -5065395 583932 976766 169705 24135181 0.22 0.78 0 0 0 0 419759 419759 0 53001258 22678037 30323221 0 2920779 946011 1974768 0 9085737 6263042 2822695 0 171742 0 171742 35712185 0 0 Investment partnerships 10570315 F 10570315 Beneficial interest in perpetual trust 6715306 Beneficial interest in cruts 1582647 Trust income receivable 88219 Stock in transit 41380 Loans to employees 16279 8443831 0 Advanced tuition and deposit 3679463 Accrued pension liability 2066236 Interest rate swap agreement 2721425 Annuity payable 686964 9154088 30660785 27366756 3294029 -1312976 0 -128791 0 -4027530 -5469297 -2175268 22666939 -1312976 0 0 0 -1312976 23979915 0 6680870 6680870 30660785 22812056 0 0 0 0 0 22812056 0 4554700 4554700 27366756 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Support scholarship, faculty , academic and extracurricular program, and the general administration of the school. SchD_P10_S00_L02 Schedule D, Part X, Line 2 As required by Accounting Standards Codificastion ("ASC 740"),Income Taxes, the Acadey recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following the audit. For tax purposes meeting the more-than-likely-than-not threshold, the amount recognized in the financial statemens is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in split interest = -769,716; Income used for operations = -1,233,831; Change in swap agreement = -1,368,810; Pension charge = -655,173; Total = -4,027,530. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Contribution = 2,090,596; Provisions uncollectible pledges = 12,024; Gain from sale of asset = 23,550 Financial Aid = 4,554,700; Grand Total = 6,080,870 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Fiancial Aid = 4,554,700 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 We promulgate each yyear our nondiscriminatory policies through several ads in local and regional newspapers during the period of solicitation of students. 1 Scholarships for students to attend Tabor Academy. 170 0 4554700 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grants are scholarships awarded by demonstrated need in the form of tuition remission, and they can only be used to reduce the amount of tuition owed by a given family for an academic year. Nedd is determined by ananlyzing tax forms and/or other information from School Scholarship Service, Princeton, NJ. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Jay Stroud 314079 0 0 0 0 0 28900 0 16500 0 359479 0 28500 0 Paul White 223526 0 0 0 0 0 27600 0 9900 0 261026 0 26250 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Jay Stroud is required to live on campus as part of his job description and is provided with housing for the convenience of Tabor Academy. He is provided with memberships to our town yacht club and golf course, as well as being provided with maid services for his residence. Finally, 65% of all employees' health premiums is paid by the school. All of the above are treated as non-taxable items. Massachusetts Development Finance Agency 043431814 57583RJM8 2007-02-08 7805000 Refunding 1998 Series 1 0 0 Massachusetts Development Finance Agency 043431814 57583RJN6 2007-02-08 5910000 Construction Math/Science Building 1 0 0 Massachusetts Development Finance Agency 043431814 57583RJN6 2009-09-01 13715000 Refunding 2007 Series 0 0 0 7805000 7805000 0 0 0 0 0 0 0 0 0 0 2009 1 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 X 28 261429 Mkt price date of gift 0 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Once prepared and filed, the form is distributed the the Head of School, the Board President, Chairman of the Finance Committee and Chairman of the Audit Committee. Relevant discoveries shall be brought to the Board's attention. In this regard,the contents of the audit have been reviewed thoroughly at a previous Audit Committee meeting, with findings reported to the entire Board in October 2012. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Trustees sensitively address in detail the issue of conflict of interest in their meetings and require on an annual basis that each Trustee disclose in writing any such interest that could give rise to conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensaton for the Head of School is set by the Board of Trustees after reviewing comparative data and careful deliberation. The Head of School then determines compensation for other key and highest paid employees based upon review of comparative data and careful deliberation. In this regard, the Trustees approve in advance a percentage increase in salarly foar the employees of Tabor Academy. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Tabor Academy makes its governing documents , conflict of interest policies, and financial statements available to the public upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unreal gains on investment = -1,312,976; Investment expenses = -128,791; Changes in split interest agreements = -769,716; Endowment income used for operations = -1,233,831; Changes in swap agreement = -1,368,810; Pension charge = -655,173; Grand Total = -5,469,297.