2013-02-15T10:16:32-06:00 2012-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2011-07-01 042104720 MEADOWBROOK SCHOOL OF WESTON INCORPORATED MEAD 7818941193 10 FARM ROAD WESTON MA 024932493 MCGLADREY LLP 7818941193 2013-02-14 1 LYNNE JOHNSON P00757336 6179129000 2011 2016-03-07 17:11:31Z STEPHEN T HINDS 10 FARM ROAD WESTON MA 024932493 17478315 0 X WWW.MEADOWBROOK-MA.ORG X 1923 MA A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH EIGHT, MEADOWBROOK INSPIRES CHILDREN TO LIVE WITH PURPOSE, LEARN WITH PASSION AND LEAD BY PRACTICE. 31 31 231 120 0 0 2416247 6836935 9814257 10000559 -1639485 344387 256811 228847 10847830 17410728 778983 853713 0 0 6294661 6827706 0 0 536816 4968423 5110182 12042067 12791601 -1194237 4619127 51428675 54113088 11619178 10588863 39809497 43524225 MEADOWBROOK IS A SCHOOL WITH HIGH ACADEMIC, ETHICAL, AND SOCIAL STANDARDS, WHOSE MISSION IS TO PROVIDE A NURTURING EXPERIENCE FOR EACH STUDENT IN AN INTENTIONALLY SMALL LEARNING ENVIRONMENT. 0 0 7131241 753658 8102442 TUITION - PROVIDE A HIGH QUALITY, BROAD BASED, INNOVATIVE, ACCREDITED EDUCATION TO 302 ENROLLED STUDENTS RANGING OVER 10 CLASSES FROM JUNIOR KINDERGARTEN THROUGH GRADE 8, WHILE MAINTAINING HIGH ACADEMIC, ETHICAL AND SOCIAL STANDARDS, AN INTENTIONALLY SMALL LEARNING ENVIRONMENT AND A NURTURING EXPERIENCE FOR EACH STUDENT. THE ENTIRE CLASS OF 34 EIGHTH GRADERS GRADUATED IN JUNE 2012, GARNERING A VARIETY OF NATIONAL AWARDS IN MATH AND LANGUAGES. 1059906 1436974 SUMMER CAMP - TWO SUMMER CAMPS PROVIDE ACADEMIC AND RECREATIONAL SUMMER PROGRAMS OF UP TO 8 WEEKS' DURATION TO A TOTAL OF 546 CHILDREN RANGING FROM THOSE ENTERING KINDERGARTEN THROUGH GRADE 8. 609206 100055 604281 SPECIAL INSTRUCTIONAL, SUPPLEMENTARY AND SCREENING PROGRAMS SUCH AS FIELD TRIPS, AFTER SCHOOL ACTIVITIES, LEARNING LAB AND TESTING THAT SERVE TO ENHANCE, EXTEND AND PERSONALIZE THE CORE CURRICULAR OFFERINGS. 8800353 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 53 0 1 231 1 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOHN AUSTIN 7818932536 10 FARM ROAD WESTON MA 02493 THOMAS H GRAPE 5.00 X X 0 0 0 JEFFREY C HADDEN 5.00 X X 0 0 0 DEWEY J AWAD 5.00 X X 0 0 0 ANGELA M BRAMAN 5.00 X X 0 0 0 GEOFFREY T BERNSTEIN 2.00 X 0 0 0 MICHAEL BROWN 2.00 X 0 0 0 KEVIN T CALLAGHAN 2.00 X 0 0 0 DAVID V CAPPILO 2.00 X 0 0 0 BALA CUMARESAN 2.00 X 0 0 0 WILLIAM A DANOFF 2.00 X 0 0 0 MICHAEL DENNING 2.00 X 0 0 0 SANDRA M EDGERLEY 2.00 X 0 0 0 DAVID E GOEL 2.00 X 0 0 0 MARTIN D HALE JR 2.00 X 0 0 0 LARRY HAMELSKY 2.00 X 0 0 0 ANDREW E JANFAZA 2.00 X 0 0 0 JANICE JESTER 2.00 X 0 0 0 MICHAEL W KERWIN 2.00 X 0 0 0 LISA LEBOVITZ 2.00 X 0 0 0 AI-LI LIM 2.00 X 0 0 0 SUSAN LITTLEFIELD 2.00 X 0 0 0 SEAN MCGRATH 2.00 X 0 0 0 MEREDITH MCPHERRON 2.00 X 0 0 0 MARION MUSSAFER 2.00 X 0 0 0 JOHN R PORTER III 2.00 X 0 0 0 ROBERT SCHLAGER 2.00 X 0 0 0 JENNIFER A SEEMAN 2.00 X 0 0 0 SANGITA THAKORE 2.00 X 0 0 0 PENNY VINIK 2.00 X 0 0 0 KENT R WELDON 2.00 X 0 0 0 CAROLYN M WOOD 2.00 X 0 0 0 JOHN AUSTIN 40.00 X 125677 0 22207 STEPHEN T HINDS 40.00 X 262682 0 104583 BARBARA VINCENT 40.00 X 123874 0 18126 JANICE THOMPSON 40.00 X 151216 0 18910 663449 0 163826 4 0 1 0 CHARTWELLS (COMPASS GROUP USA) PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE 414539 CAVICCHIO GREENHOUSES INC 110 CODJER LANE SUDBURY MA 01776 LANDSCAPING 385963 GOODWIN PROCTOR LLP EXCHANGE PLACE 53 STATE STREET BOSTON MA 021092881 LEGAL SERVICES 220425 SELECT HORTICULTURE INC 1865 MAIN STREET LANCASTER MA 01523 LANDSCAPING 149291 LOCAL MOTION INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 STUDENT TRANSPORTATION 121515 7 6770 6830165 95984 6836935 TUITION 611600 8091327 8091327 DAY CAMP 611710 1436974 1436974 OTHER PROGRAMS 611600 472258 472258 10000559 344387 344387 123852 18499 105353 105353 105353 136043 6770 49088 86955 86955 OTHER REVENUE 900099 36539 36539 36539 17410728 10037098 0 536695 853713 853713 663448 96639 415593 151216 78589 78589 4316603 3158636 957971 199996 303528 223559 66157 13812 1091968 832710 214481 44777 373570 275148 81423 16999 33936 33936 69264 69264 87198 87198 563054 465801 97253 114639 48550 36406 29683 875977 571785 246264 57928 132351 99263 33088 627845 627845 2951 2951 150608 150608 1120270 952230 145635 22405 58489 58489 SUMMER DAY CAMPS 1022180 1022180 CONTINGENCY EARN OUT PA 129870 129870 TRANSPORTATION 83824 83824 AMORTIZATION EXPENSE 37726 37726 12791601 8800353 3454432 536816 5461383 3805857 1071416 1141901 648843 308684 64961 144011 19414 26387 25941 417805 402428 36315446 9080941 27076639 27234505 13063669 17599946 3394770 3303261 183834 146108 51428675 54113088 1437065 1243924 4927113 4424939 3650000 3370000 105000 50000 1500000 1500000 11619178 10588863 X 32309814 31065655 2152012 2685099 5347671 9773471 39809497 43524225 51428675 54113088 X 4619127 -904399 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO THE MASSACHUSETTS ASSOCIATION OF NON-PROFIT SCHOOLS AND COLLEGES WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. AS SUCH, NO DETERMINATIVE AMOUNT IS LISTED IN THIS SCHEDULE. 14972960 4375800 -555233 683628 18109899 15308262 50350 2164349 2550001 14972960 11542884 2699464 1616151 550237 15308262 14686501 28596 -2652946 519267 11542884 0.38470 0.53970 0.07560 0 0 4706480 4706480 28815186 7071250 21743936 2317267 1726961 590306 476513 282730 193783 27234505 PRIVATE EQUITY 3303261 F 3303261 17410728 12791601 4619127 -812261 -92138 -904399 3714728 16540778 -937537 -937537 17478315 -67587 -67587 17410728 12826050 812261 159725 971986 11854064 937537 937537 12791601 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE ENDOWMENT IS TO PROVIDE A REASONABLY STABLE AND PREDICTABLE STREAM OF EARNINGS TO SUPPORT THE OPERATIONS OF THE SCHOOL, AND TO PRESERVE AND ENHANCE OVER TIME THE REAL (INFLATION ADJUSTED) VALUE OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL FOLLOWS THE PROVISIONS OF THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOMES TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION MUST MEET IN CONNECTION WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY AN ENTITY BEFORE BEING MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SCHOOL HAS EVALUATED THE APPLICATION OF THE STANDARD AND HAS DETERMINED THAT THE ADOPTION OF THE STANDARD DOES NOT HAVE A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2009. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS FROM CONTRIBUTION RECEIVABLE -92,138. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID & TRANSPORTATION NETTED WITH REVENUE ON FINANCIAL STATEMENTS -937,537. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL FUNDRAISING EVENTS EXPENSES REPORTED ON LINE 8B -49,088. RENTAL EXPENSES REPORTED ON LINE 6B -18,499. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 18,499. DIRECT SPECIAL FUNDRAISING EVENTS EXPENSES REPORTED ON LINE 8B 49,088. LOSS FROM CONTRIBUTION RECEIVABLE 92,138. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & TRANSPORTATION NETTED WITH REVENUE ON FINANCIAL STATEMENTS 937,537. 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 HAS A LONG STANDING POLICY OF NON-DISCRIMINATORY ADMISSION OF STUDENTS. THEY PARTICIPATE WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND IN PUBLISHING THIS POLICY IN THE BOSTON GLOBE ON DECEMBER 2, 2012. THE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS. GALA 136345 6770 129575 43823 136345 6770 129575 43823 43823 85752 1 TUITION 37 753658 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT AFTER SCHOOL 24 62764 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDAUL'S ACCOUNT LEARNING LAB 9 9189 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT TESTING 10 3162 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT FIELD TRIPS 21 13895 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT LAPTOP PROGRAM 7 4636 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT OTHER (BOOKS, INTERNET, ETC.) 37 6409 FAIR MARKET VALUE CREDITS APPLIED TO INDIVIDUAL'S ACCOUNT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL ASSISTANCE IS ISSUED IN THE FORM OF CREDITS APPLIED TO THE INDIVIDUAL'S ACCOUNT TO OFFSET CHARGES INCURRED FOR TUITION FEES, AFTER SCHOOL, LEARNING LAB AND TESTING FEES, FIELD TRIP FEES, FEES RELATED TO OUR LAPTOP PROGRAM, AND OTHER MISCELLANEOUS CHARGES THAT MAY BE INCURRED IN THE COURSE OF BEING A STUDENT AT THE SCHOOL. X 1 1 X X X 0 1 0 0 0 0 0 0 0 STEPHEN T HINDS 217661 0 21500 0 23521 0 82340 0 22243 0 367265 0 0 0 JANICE THOMPSON 151069 0 0 0 147 0 10512 0 8398 0 170126 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANION IS DUE TO THE COMPANION'S POSITION AT THE SCHOOL AND NOT FOR TRAVEL WITH HEADMASTER. THIS AMOUNT IS NOT TAXABLE TO THE HEADMASTER OR THE COMPANION. PART I, LINE 4B PART I, LINE 4B: THE ORGANIZATION HAS ENTERED INTO A DEFERRED COMPENSATION ARRANGEMENT WITH ITS HEADMASTER. THE PLAN HAS VESTING AND TERMINATION PROVISIONS. THE PLAN BECAME EFFECTIVE DURING THE YEAR ENDED 6/30/06. THE PLAN REQUIRES FOR THE INDIVIDUAL TO BE PAID A CERTAIN AMOUNT IF THE EMPLOYEE LEAVES ON OR AFTER 1/1/08 AND ON OR AFTER 6/30/10. THE SCHOOL RECORDS THE EXPENSE IN THE YEAR IN WHICH IT IS EARNED. IN THE YEAR ENDING 6/30/11, A NEW PLAN AGREEMENT BECAME EFFECTIVE WHICH EXTENDS THROUGH 6/30/15. THE PLAN REQUIRES FOR THE INDIVIDUAL TO BE PAID A CERTAIN AMOUNT IF THE EMPLOYEE LEAVES ON OR AFTER 1/1/13 AND ON OR AFTER 6/30/15. THE SCHOOL RECORDS THE EXPENSE IN THE YEAR IN WHICH IT IS EARNED. AS OF 6/30/12, THE PLAN IS FUNDED, AND DEFERRED COMPENSATION OF $65,000 IS INCLUDED IN PART II, COLUMN C. JERE HINDS FAMILY MEMBER OF STEPHEN T. HINDS, HEADMASTER 77589 JERE HINDS IS EMPLOYED BY THE ORGANIZATION. 0 X 8 95076 FAIR MARKET VALUE X TANGIBLE GIFT ITEMS FOR GALA 1 656 FAIR MARKET VALUE X EDUCATION MATERIALS 1 252 FAIR MARKET VALUE 0 0 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF STOCK GIFTS RECEIVED AND THE NUMBER OF CONTRIBUTIONS FOR THE OTHER CONTRIBUTIONS. THIRD PARTY USE: PART I, LINE 32B: STOCK DONATIONS ARE RECEIVED THROUGH AN ACCOUNT AT UBS. THE STOCK IS CASHED BY UBS UPON DIRECTION OF THE BUSINESS MANAGER, JOHN AUSTIN. FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS OFFICE RECEIVES FROM ITS INDEPENDENT ACCOUNTING FIRM AN ANNUAL QUESTIONNAIRE SOLICITING INFORMATION FOR THE PREPARATION OF FORM 990. THE QUESTIONNAIRE IS COMPLETED BY THE CONTROLLER AND RETURNED TO THE ACCOUNTING FIRM, WHICH PREPARES A DRAFT. THE SCHOOL'S DIRECTOR OF FINANCE AND OPERATIONS, BOARD TREASURER, PRESIDENT, AND CHAIRS OF THE FINANCE AND AUDIT COMMITTEES REVIEW THE DRAFT FOR ACCURACY, MAKING ANY NECESSARY ADJUSTMENTS. WHEN ALL REVISIONS HAVE BEEN INCORPORATED, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD AND THE COMPLETE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, EVERY EMPLOYEE PREPARES GOALS WHICH ARE USED TO EVALUATE INDIVIDUAL PERFORMANCE. TEACHING FACULTY ARE SUBJECT TO SALARIED COMPENSATION BASED ON AN OBJECTIVE "STEP" SCALE (I.E. SALARY IS DETERMINED BY YEARS OF SERVICE). STAFF ARE ALSO SALARIED AND RECEIVE A STANDARD ANNUAL INCREASE TO ADJUST FOR INFLATION. THE HEADMASTER'S PERFORMANCE AND COMPENSATION IS REVIEWED AND DETERMINED BY A SUB-COMMITTEE OF THE BOARD AND SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE ANNUAL COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST, USE OF COMPARABILITY DATA GATHERED AND CONTEMPORANEOUS DOCUMENTATION OF THE MEETINGS, DELIBERATIONS AND DECISIONS. THERE IS NO FORMAL INCENTIVE-BASED COMPENSATION POLICY THROUGHOUT THE ENTITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ANNUAL, REPORT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE ACCESSED VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -812,261. LOSS FROM CONTRIBUTION RECEIVABLE -92,138. TOTAL TO FORM 990, PART XI, LINE 5: -904,399.