2013-11-07T14:02:27-06:00 2013-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2012-07-01 020223317 Brewster Academy BREW 6035697103 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine 6035697103 2013-11-06 1 Barbara J McGuan CPA P00219457 2077752387 2013-11-05 2012 2016-02-24 21:20:13Z Michael Cooper 80 Academy Drive Wolfeboro NH 03894 28183188 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 18 18 316 132 171491 0 2029399 1717054 19450113 20072851 -75348 -1228784 250543 341056 21654707 20902177 3325720 3642823 0 0 8780040 9821263 21517 29719 737297 8443558 8131603 20570835 21625408 1083872 -723231 58882862 57578979 28669645 26782809 30213217 30796170 An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 0 0 17502889 3642823 19081967 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of perfermance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 528047 1035409 The Summer Program features educational programs and conferences during the summer recess, including the Brewster Academy Summer Session and Royal Thai Scholars. 18030936 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 316 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697103 80 Academy Drive Wolfeboro NH 03894 Arthur O Ricci 2.00 X 0 0 0 Arthur W Coviello Jr 3.00 X X 0 0 0 Barbara Naramore 2.00 X 0 0 0 C Richard Carlson 2.00 X 0 0 0 Candace Crawshaw 2.00 X 0 0 0 Claudine Curran 2.00 X 0 0 0 Daniel T Mudge 3.00 X X 0 0 0 David L Carlson 3.00 X 0 0 0 Douglas H Greeff 3.00 X X 0 0 0 George J Dohrmann III 2.00 X 0 0 0 Karey W Fix 2.00 X 0 0 0 Leslie N H MacLeod 2.00 X X 0 0 0 Michael Appe 2.00 X 0 0 0 Michael Keys 2.00 X 0 0 0 Peter Ford 2.00 X 0 0 0 Rev Nancy Spencer Smith 0.10 X 0 0 0 Roy Ballentine 3.00 X X 0 0 0 Steven R Webster 2.00 X 0 0 0 Ronn Bronzetti 2.00 X 0 0 0 Gabrielle Gatta 2.00 X 0 0 0 David Hadley 2.00 X 0 0 0 Lisa Braiterman 50.00 X 119392 0 49739 Michael Cooper 60.00 X 355956 0 38828 Lynn Palmer 50.00 X 116088 0 11583 Kristy Kerin 50.00 X 126934 0 23143 718370 0 123293 4 0 1 0 Green Acres Landscaping & Construction 21 Malborne Street Lakeville MA 02347 Synthetic Turf Construction 1084332 Milestone Engineering & Construction In PO Box 2279 Concord NH 033022279 Dining Hall Construction 431156 US Foods Inc PO Box 3155 Boston MA 022413155 Dining-Food Service 393759 Adaptive Communications 230 Commerce Way Suite 100 Portsmouth NH 03801 Technology-Equipment and Installation 232629 Kittredge Equipment Company 520 Route 3A Bow NH 03304 Dining-Food Service and Equipment 206896 6 1717054 187553 1717054 Tuition and Fees 611710 16556644 16556644 Instructional Support 611710 1898422 1898422 Summer Programs 611710 1035409 874759 160650 Student Related 611710 517832 517832 Miscellaneous Revenue 611710 64544 53703 10841 20072851 215773 215773 2955724 2857365 2911199 4346447 44525 -1489082 -1444557 44525 -1489082 150538 23365 127173 127173 Distribution from beneficial trus 900099 213883 213883 213883 20902177 19945885 171491 -932253 3642823 3642823 563915 563915 7332731 6123902 768130 440699 407796 312655 69388 25753 958894 758492 150597 49805 557927 443642 82937 31348 46605 46605 47304 47304 29719 29719 11291 11291 260431 111608 138734 10089 1281040 1281040 230412 144749 17940 67723 878742 747239 131503 1473706 1430442 43264 365725 365725 Student Related 795648 795648 Contracted Services 686102 566209 89758 30135 Plant Expense 590448 590448 Dining Hall 538028 538028 926121 544011 330084 52026 21625408 18030936 2857175 737297 1575 2643 8706301 9436872 668809 988807 111013 222023 61030 56701 92849 81425 48877415 18767982 29041490 30109433 8672021 8593490 11527774 8087585 58882862 57578979 683161 824915 8104585 6455157 18000000 17888565 117218 109738 1181973 1013951 582708 490483 28669645 26782809 X 14744660 13866972 2103157 2926030 13365400 14003168 30213217 30796170 58882862 57578979 X -723231 721833 584351 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 7679172 137174 921797 354602 8383541 7973329 26728 57145 378030 7679172 7222254 30666 1133905 413496 7973329 6658608 84590 634703 155647 7222254 6644645 302478 -787284 -498769 6658608 0.00000 0.86200 0.13800 0 0 2215836 2215836 35489542 13172417 22317125 4212684 2304773 1907911 6959353 3290792 3668561 30109433 Bond Issuance Costs 235935 Deferred Compensation Plans 96637 Beneficial Interest in Perpetual Trust 6685073 Charitable Gift Annuity 1060237 Accrued Investment Interest Receivable 9703 8087585 Charitable Gift Annuity 393846 Deferred Compensation Payable 96637 490483 18588903 721833 613359 1335192 17253711 3648466 3648466 20902177 18005950 23365 23365 17982585 3642823 3642823 21625408 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Description of Intended Use of Endowment Funds: Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. Part XI, Line 2d - Other Adjustments: Change in Value of Beneficial Interest in Perpetual Trust 467,594. Fundraising Expenses 23,365. Change in Pledge Discounting and Allowance for Pledges 122,400. Part XI, Line 4b - Other Adjustments: Finanical Aid Grants 3,642,823. Change in Value of Charitable Gift Annuity 5,643. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 23,365. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 3,642,823. 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 newspaper, television, and radio advertising, and in school literature. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The Academy participates in the Federal School Lunch Program and the Federal E-RATE program providing support for technology and libraries. East Asia and the Pacific - 0 0 Fundraising and Parent/Alumni relations 14828 0 0 0 0 0 0 14828 0 14828 0 0 0 0 0 0 Schedule F, Part I, Line 3 Brewster Academy currently has 47 students from Asia. As a result of the trip for fundraising and parent/alumni relations, Brewster Academy received $60,505 worth of contributions from sources in Asia. X X X X X X X 1 Washburn & McGoldrick 950 New Loudon Road Latham NY 12110 Capital campaign planning 0 0 29719 -29719 29719 -29719 Family Weekend Auction 150538 150538 23365 150538 150538 23365 23365 127173 1 Financial Aid 116 3642823 FMV Brewster Academy provides financial aid to students based on need Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Part III, Line (f): Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Lisa Braiterman 117449 0 0 0 1943 0 22384 0 27355 0 169131 0 0 0 Michael Cooper 236194 0 115308 0 4454 0 22500 0 16328 0 394784 0 0 0 Kristy Kerin 126382 0 0 0 552 0 3972 0 19171 0 150077 0 0 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions and Chief Financial Officer in the amount of $13,610, $13,610 and $20,415 respectively. Part I, Line 4b Michael Cooper, Head of School, contributed $17,000 to his 457B account. Brewster Academy contributed $36,360 to his 457F account. A New Hampshire Health and Education Facilities Authority 020279866 2011-02-04 18000000 Capital Improvements 0 0 0 A 111435 18000000 1192723 256607 16439235 2011 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 Lisa Braiterman CFO 29350 Tuition remission X 8 187553 FMV Auction items 0 Donor estimated value 0 0 0 Non Reporting of Revenue: Part I, Line 33: For various auctioned items, the Organization does not record revenue when items are donated, but rather when the items are sold at the auction event. The donor estimated value of auctioned items was $44,892. Form 990, Part VI, Section B, line 11 The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy must be signed individually by members of the Board of Trustees. There is an annual review of these conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity -5,643. Change in Value of Beneficial Interest in Perpetual Trust 467,594. Change in Pledge Discounting and Allowance for Pledges 122,400. Form 990, Part XII, Line 2c The organization has not changed its oversight or selection process during the tax year.