2013-10-29T10:54:02-05:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2012-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 ANNETTE RAPHEL 6174843078 2013-10-22 1 MICHELLE Y HATCH P01222458 7819821001 2013-10-22 2012 2016-02-25 16:41:14Z ANNETTE RAPHEL 55 DAY SCHOOL LANE BELMONT MA 02478 15780107 0 X BELMONTDAY.ORG X 1927 MA SCHEDULE O 25 23 203 140 0 0 642192 833453 9091890 9214375 225710 334842 23317 -38198 9983109 10344472 899675 1062744 0 0 6075194 6200237 0 0 271621 2852386 2818052 9827255 10081033 155854 263439 31506992 32469122 14981098 14532430 16525894 17936692 X SEE SCHEDULE O 0 0 7401555 980850 7670934 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 271 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, SPANISH, AND PHYSICAL EDUCATION. 730318 7775 1198952 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 598 CHILDREN ATTEND SUMMER SESSION. 316403 74119 372809 THE EXTERNAL PROGRAMS PROVIDE APPROXIMATELY 126 CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. ALSO, APPROXIMATELY 77 CHILDREN ATTENDED MULTIPLE CAMPS DURING TWO VACATION WEEKS. 8448276 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 51 0 1 203 1 0 0 0 0 0 0 0 0 0 0 X 25 23 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X LUCILLE KOOYOOMJIAN 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 DIANA CHIGAS 1.00 X 0 0 0 STACIE CLAYTON 1.00 X 0 0 0 CONNAUGHT COLBERT 1.00 X 0 0 0 MARK DOLNY 1.00 X 0 0 0 CATHERINE FRANCIS 40.00 X 54226 0 17787 RUTH GASS 1.00 X 0 0 0 DAVID HAJIAN 1.00 X 0 0 0 LESLIE JENG 1.00 X 0 0 0 MARGARET RAMSEY MCCLUSKEY 1.00 X 0 0 0 AMY MOORE 1.00 X 0 0 0 WILLIAM PAINE 1.00 X 0 0 0 BRENDON PARRY 1.00 X 0 0 0 RICHARD THOMPSON 1.00 X 0 0 0 ELSPETH MCCANN 1.00 X 0 0 0 THOMAS HANCOCK 1.00 X 0 0 0 BRIT DEWEY 1.00 X 0 0 0 BETTY CHU PRYOR 40.00 X 72332 0 5086 MARGARET WADE 1.00 X 0 0 0 NICHOLAS NOMICOS 1.00 X 0 0 0 LUIS VICEIRA 1.00 X X 0 0 0 KAREN LIESCHING 1.00 X X 0 0 0 CHARLES FOLEY 1.00 X X 0 0 0 KRISTEN LEWIS 1.00 X X 0 0 0 ANNETTE RAPHEL 40.00 X X 306420 0 14122 LUCILLE R KOOYOOMJIAN 40.00 X 143411 0 17132 576389 0 54127 2 0 1 0 KENNETH VONA CONSTRUCTION INC 11 FOX ROAD WALTHAM MA 02451 CONSTRUCTION SERVICES 340321 1 102007 731446 142100 833453 TUITION & FEES-WINTER 611600 7597864 7597864 TUITION & FEES-SUMMER 611600 1198952 1198952 TUITION & FEES-EXT. PROG. 611600 372789 372789 TUITION & FEES-OTHER PRG. 611600 44770 44770 9214375 361704 361704 5236000 679 5258522 5019 -22522 -4340 -26862 -26862 102551 102007 171273 -68722 -68722 3025 821 2204 2204 MISCELLANEOUS 611600 28320 28320 28320 10344472 9242695 0 268324 1062744 1062744 652898 163128 473674 16096 4552291 3956854 405060 190377 209530 175123 25728 8679 415096 387413 21788 5895 370422 301339 53864 15219 21439 21439 32000 32000 3544 3544 123062 116912 6150 59286 20974 27373 10939 447277 384799 40147 22331 71265 71265 509913 506529 2668 716 59916 59916 322069 319946 1674 449 660208 655857 3431 920 87318 2143 85175 FOOD & KITCHEN 173524 173524 PRINTING & PUBLICATIONS 113765 10931 102834 MISCELLANEOUS 78298 23711 54587 ATHLETICS 48446 48446 6722 6722 10081033 8448276 1361136 271621 3142047 1090892 2614082 3381529 1016995 811161 15667 17133 351362 252321 22632093 8226269 14214767 14405824 6939190 11025169 3094144 1370265 118738 114828 31506992 32469122 791749 832756 3587166 3518733 10602183 10180941 14981098 14532430 X 10921574 12113932 1998870 2137432 3605450 3685328 16525894 17936692 31506992 32469122 X 263439 1141494 5865 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1 0 0.00 0 12210495 171516 1470274 512217 13340068 12693980 534508 -540958 477035 12210495 9080529 2214547 1812904 414000 12693980 7872588 457009 895977 145045 9080529 7905268 1414788 -1236788 210680 7872588 0.65300 0.27600 0.07100 0 0 1117580 1117580 17950411 6107318 11843093 2108140 1526554 581586 1455962 592397 863565 14405824 10528282 1141494 -1031459 110035 10418247 -73775 -73775 10344472 9117484 28964 73775 102739 9014745 3544 1062744 1066288 10081033 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE SCHOOL PURCHASED A PARCEL OF LAND ON MARCH 28, 2001, WHICH IS SUBJECT TO A CONSERVATION EASEMENT REQUIRING THAT IT BE PRESERVED AS OPEN SPACE. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. THE LAND IS ADJACENT TO THE SCHOOL GROUNDS AND HAS BEEN USED AS A PLAYING FIELD FOR PHYSICAL EDUCATION AND ATHLETIC PROGRAMS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,062,744. CHANGE IN SPLIT INTEREST AGREEMENT 34,829. INVESTMENT FEES -3,544. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -73,775. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 73,775. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,062,744. 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 NOTICE OF NON-DISCRIMINATION POLICY APPEARS IN NEWSPAPER WITH LARGEST CIRCULATION IN THE AREA AUCTION 204558 102007 102551 97990 10902 25945 36436 204558 102007 102551 97990 10902 25945 36436 171273 -68722 1 FINANCIAL AID 53 1062744 FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X X X X X 0 0 0 0 0 0 0 0 0 ANNETTE RAPHEL 301620 0 0 0 4800 0 12431 0 1691 0 320542 0 0 0 LUCILLE R KOOYOOMJIAN 143411 0 0 0 0 0 7622 0 9510 0 160543 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043438140 2011-05-03 11000000 TO PAY OFF 2001 BONDS AND VARIOUS SCHOOL PROJECTS, INCLUDING AN HVAC SYSTEM. 0 0 0 A 819059 11000000 969956 103820 695677 9230547 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2013 DISCLOSURE NOT REQUIRED SEE PART V 53310 NEED BASED ASSIST. SEE PART V FINANCIAL AID PART III COLUMN B GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES OR SUBSTANTIAL CONTRIBUTORS WHO ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). PART III COLUMN C GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS AMOUNT OF GRANTS BENEFITING INTERESTED PERSONS REPRESENTS 5% OF TOTAL GRANTS AWARDED FOR THE YEAR. X 1 5000 FMV AT DONATION X 6 43781 FMV AT DONATION X VARIOUS AUCTION ITEMS 537 93319 FMV AT DONATION 0 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR THE "VARIOUS AUCTION ITEMS" AND "WORKS OF ART" REPRESENTS THE NUMBER OF ITEMS RECEIVED FOR THE AUCTION. FOR THE "SECURITIES - PUBLICLY TRADED", THE NUMBER REPRESENTS THE NUMBER OF INDIVIDUAL SECURITIES DONATED. THIRD PARTY USE: PART I, LINE 32B: IN FY13, THE ORGANIZATION USED WWW.BIDDINGFORGOOD.COM TO FACILITATE AN ON-LINE AND LIVE AUCTION DURING THE YEAR. ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES FORM 990, PART I, LINE 1: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE DIRECTOR OF FINANCE AND OPERATIONS, AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE DIRECTOR OF FINANCE AND OPERATIONS SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE DIRECTOR OF FINANCE AND OPERATIONS TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR BOTH THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE AND OPERATIONS FOR FISCAL 2013. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE DIRECTOR OF FINANCE AND OPERATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS ON DONATION RECEIVABLE -28,964. CHANGE IN SPLIT INTEREST AGREEMENT 34,829. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, LINE 14: THE SCHOOL ADOPTED A FORMAL RECORD AND RETENTION POLICY THIS YEAR, WHICH FORMALIZED THE PROCESSES THAT IT HAS BEEN FOLLOWING FOR YEARS.