2013-11-11T11:57:34-06:00 2013-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2012-07-01 042506944 TENACRE COUNTRY DAY SCHOOL CORPORATION TENA 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 MCGLADREY LLP 7812352282 2013-11-11 1 LYNNE JOHNSON P00757336 6179129000 2012 2016-03-07 17:11:31Z TENACRE COUNTRY DAY SCHOOL CHRISTIAN B ELLIOT 78 BENVENUE STREET WELLESLEY MA 02482 7206717 0 X WWW.TENACRECDS.ORG X 1972 MA TENACRE COUNTRY DAY SCHOOL ("TENACRE") PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 192 STUDENTS ENROLLED FOR THE 2012-2013 SCHOOL YEAR. TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. 24 23 204 180 0 0 593637 646953 5794907 6122290 132197 326069 70299 54466 6591040 7149778 618962 684443 0 0 4766679 5026872 0 0 354241 1672983 1821006 7058624 7532321 -467584 -382543 22986996 24623777 2534629 2482843 20452367 22140934 X TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. TENACRE COUNTRY DAY SCHOOL, A SMALL, COEDUCATIONAL, INDEPENDENT SCHOOL FOR CHILDREN IN PRE-KINDERGARTEN THROUGH GRADE SIX, IS COMMITTED TO:PROVIDING A THOROUGH ACADEMIC PREPARATION FOR STUDENTS THROUGH A WELL-DEFINED PROGRAM THAT FOSTERS A LOVE OF LEARNING AND THINKING, THE CONFIDENCE TO TAKE RISKS, AND THE COMMITMENT TO EFFORT. ENCOURAGING THE SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL DEVELOPMENT OF STUDENTS TO NURTURE THE GROWTH OF INDIVIDUAL CHARACTER. PROMOTING A DIVERSE AND INCLUSIVE ENVIRONMENT AND COMMUNITY, WHICH ENGENDERS A RESPECT FOR THE SIMILARITIES AND DIFFERENCES OF ALL PEOPLE. DEVELOPING AN ENVIRONMENTALLY RESPONSIBLE COMMUNITY BY ADOPTING SUSTAINABLE PRACTICES. AS A SCHOOL DEDICATED TO PROVIDING AN ELEMENTARY EDUCATION, TENACRE VALUES THE IMPORTANCE OF TEAM TEACHING, THE STRONG PARTNERSHIP BETWEEN PARENTS AND STAFF, AND THE MEANINGFUL PARTICIPATION OF EACH CHILD IN DAILY (SEE SCH. O LAST PG) 0 0 4601793 657675 5014066 TENACRE COUNTRY DAY SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 192 STUDENTS ENROLLED DURING THE 2012-2013 SCHOOL YEAR. 753917 950727 TENACRE OPERATES INSTRUCTIONAL SUMMER DAY PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. SUMMER PROGRAMS PROVIDE INSTRUCTION IN ARTS, CRAFTS, MUSIC, SWIMMING, AND OTHER SPORTS AND ACTIVITIES. THERE WERE ABOUT 440 STUDENTS/CHILDREN ENROLLED DURING THE 2012-2013 SCHOOL YEAR. 120959 26768 135900 TENACRE PROVIDES AFTER SCHOOL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. AFTER SCHOOL PROGRAMS PROVIDE INSTRUCTION AND DEVELOPMENT TO STUDENTS OUTSIDE THE COURSE OF THE TRADITIONAL SCHOOL DAY. THERE WERE APPROXIMATELY 20-25 STUDENTS ENROLLED DAILY DURING THE 2012-2013 SCHOOL YEAR. 166369 TENACRE PROVIDES A FOOD PROGRAM, INCLUDING SNACKS AND LUNCHES, FOR ITS STUDENTS DURING THE SCHOOL YEAR. 166369 5643038 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 14 0 204 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X ROD FLETCHER 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 CHRISTIAN B ELLIOT 40.00 X X 251449 0 85179 C JEFFERY GROGAN 1.00 X 0 0 0 CYNTHIA LAWRY 1.00 X 0 0 0 D JARRETT COLLINS 1.00 X 0 0 0 DEBORAH PASCULANO 1.00 X 0 0 0 ELEANOR FRECHETTE 1.00 X 0 0 0 J STUART ABLON PHD 1.00 X X 0 0 0 ROGER FORMAN 1.00 X 0 0 0 LAURENCE P CHASE 1.00 X 0 0 0 MARK ROBINSON 1.00 X 0 0 0 MARY H DUNNE 1.00 X 0 0 0 PETER ROSENBERG 1.00 X 0 0 0 RACHEL ROCK 1.00 X 0 0 0 STEPHEN B KISTNER 1.00 X X 0 0 0 STEVEN PATRICK 1.00 X 0 0 0 TINA L WANG DMD 1.00 X 0 0 0 WARREN CROSS JR 1.00 X 0 0 0 WILLIAM G FOLEY 1.00 X 0 0 0 JENNIFER CARLSON-PIETRASZEK 1.00 X 0 0 0 ELIZABETH CLARKE 1.00 X 0 0 0 MARC COSTANTINI 1.00 X 0 0 0 GWYNETH LOUD 1.00 X 0 0 0 THOMAS P OLVERSON 1.00 X 0 0 0 JENNIFER G SKOLER 1.00 X 0 0 0 LOUANNE COLLINS 40.00 X 99921 0 32574 ROD FLETCHER 32.00 X 111232 0 33810 462602 0 151563 2 0 1 0 CYR CONTRACTING CORPORATION 52 PLAIN STREET UPTON MA 01568 GENERAL CONSTRUCTION 246443 1 646953 70501 646953 TUITION 611600 5005960 5005960 SUMMER PROGRAMS 611710 950727 950727 AFTER SCHOOL PROGRAMS 611710 135900 135900 AUXILIARY ACTIVITIES 900099 26170 26170 ACTIVITY INCOME 900099 3533 3533 6122290 298645 298645 38156 0 38156 38156 38156 41400 13976 27424 27424 27424 40615 39639 976 976 1205 1907 -702 -702 1459 1417 42 42 MISCELLANEOUS INCOME 900099 15994 15994 15994 7149778 6138284 0 364541 684443 684443 631165 251880 343923 35362 3603072 2769307 649371 184394 233961 178252 46835 8874 274943 227528 36419 10996 283731 211591 56854 15286 4508 4508 30676 30676 70240 44469 25771 39135 8527 30608 65941 56288 9653 227627 196540 31087 62115 10617 48823 2675 404309 355003 49306 23233 23233 SUPPLIES 254680 162351 49401 42928 EQUIPMENT RENTAL 225336 187783 37553 ADMISSION DEPARTMENT 168543 91864 47039 29640 MISC SCHOOL ACTIVITIES 154232 123439 7563 23230 90431 83156 6419 856 7532321 5643038 1535042 354241 206408 286881 997104 702453 58750 15000 81569 63368 342997 199503 10917763 5376019 5324701 5541744 15726467 17569828 249000 245000 22986996 24623777 676198 634675 1858431 1848168 2534629 2482843 X 18167414 20078876 830090 596995 1454863 1465063 20452367 22140934 22986996 24623777 -382543 2071110 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 200 200 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE SCHOOL IS A DUES PAYING MEMBER ($175/YEAR) OF THE MA ASSOCIATION OF NON PROFIT SCHOOLS AND COLLEGES WHICH ADVOCATES FOR SCHOOLS WITH RESPECT TO LEGISLATION. 15847877 10200 1798239 17656316 16101837 9050 -263010 15847877 13556154 18646 2527037 16101837 12223627 496791 835736 13556154 13178902 171401 -1091368 35308 12223627 0.88720 0.08300 0.02980 0 0 448554 448554 9176106 4315759 4860347 1264801 1060260 204541 28302 28302 5541744 X 8579408 2071110 -684443 1386667 7192741 -42963 -42963 7149778 6890841 42963 42963 6847878 684443 684443 7532321 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY PURPOSE OF THE UNRESTRICTED ENDOWMENT FUND IS TO SEEK MAXIMUM TOTAL RETURN WITH AN ACCEPTABLE LEVEL OF RISK THROUGH INVESTMENT IN A DIVERSIFIED PORTFOLIO. UNDER ORDINARY CIRCUMSTANCES, THE SCHOOL WILL SPEND NO MORE THAN 4.5% OF THE AVERAGE QUARTER END VALUES OF THE ENDOWMENT FOR THE PAST TWELVE QUARTERS AT DECEMEBER 31 OF THE PRIOR YEAR. IT IS THE INTENT NOT TO INVADE PRINCIPAL, EXCEPT TO MEET THE ANNUAL SPENDING RATE, AS AUTHORIZED BY THE TRUSTEES. TENACRE SEEKS TO BUILD ENDOWMENT INCOME TO CONTRIBUTE TO THE OPERATING BUDGET AND MITIGATE ESCALATING OPERATING COSTS. THE GOALS ARE TO SUPPORT THE SCHOOL'S ANNUAL OPERATING BUDGET, TO KEEP TUITION INCREASES REASONABLE AND SUPPORT STAFF SALARY AND BENEFIT INCREASES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. 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 2010. THE SCHOOL ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS A PART OF TAX EXPENSE. THERE WERE NO INTEREST OR PENALTIES ACCRUED AT JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS -657,675. AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE -26,768. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B -39,639. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B -1,907. COST OF GOODS SOLD INCLUDED ON FORM 990, PART VIII, LINE 10B -1,417. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B 39,639. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B 1,907. COST OF GOODS SOLD INCLUDED ON FORM 990, PART VIII, LINE 10B 1,417. PART XII, LINE 4B - OTHER ADJUSTMENTS: AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE 657,675. STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 26,768. 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'S POLICY IS DOCUMENTED ON THE FIRST PAGE OF ITS PROMOTIONAL BROCHURE. IN ADDITION, AN ADVERTISEMENT IS PLACED EACH YEAR IN THE BOSTON GLOBE NEWSPAPER IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. ORCHARDFEST FAIR 40615 976 39639 39639 40615 976 39639 39639 39639 0 1 FINANCIAL AID 30 581192 TUITION REMISSION 6 76483 AFTER SCHOOL PROGRAM AID 20 26768 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TENACRE TUITION ASSISTANCE RECIPIENTS MUST FILL OUT THE SCHOOL AND STUDENT SERVICE (SSS) PARENT FINANCIAL STATEMENT (PFS) ANNUALLY. EVERY EFFORT WILL BE MADE TO MEET THE NEEDS OF TENACRE FAMILIES CURRENTLY RECEIVING ASSISTANCE, PROVIDING: 1. ALL NECESSARY FORMS ARE SUBMITTED IN A TIMELY FASHION, 2. STUDENTS REMAIN IN GOOD ACADEMIC STANDING, 3. ALL TUITION PAYMENTS ARE CURRENT, OR SATISFACTORY PAYMENT ARRANGEMENTS HAVE BEEN MADE. FINANCIAL AID AT TENACRE IS BASED ON FINANCIAL NEED ONLY. THE COMMITTEE USES THE SSS AS A GUIDELINE IN OUR DECISIONS. TENACRE HAS A FIXED AMOUNT OF FUNDING AVAILABLE EACH YEAR FOR TUITION ASSISTANCE, AND THEREFORE, IN A GIVEN YEAR, MAY BE UNABLE TO MEET A FAMILY'S TOTAL NEED, ALTHOUGH IT IS OUR POLICY TO CONTINUE FUNDING FAMILIES WITH STUDENTS CURRENTLY ENROLLED UNLESS THERE IS A SIGNIFICANT CHANGE IN THE FAMILY'S FINANCIAL SITUATION. EACH FAMILY BEARS THE PRIMARY RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION. IN CASES WHERE PARENTS ARE NOT LIVING TOGETHER, THE RESOURCES OF BOTH THE NONCUSTODIAL AND CUSTODIAL PARENT AND NEW SPOUSES (IF ANY) MAY BE CONSIDERED IN ESTABLISHING A LEVEL OF NEED. THE FINANCIAL AID COMMITTEE INCLUDES THE HEAD OF SCHOOL, THE DIRECTOR OF FINANCE AND OPERATIONS AND THE DIRECTOR OF ENROLLMENT MANAGEMENT. WE RESERVE THE RIGHT TO REQUEST ADDITIONAL INFORMATION FROM FAMILIES IN ORDER TO EVALUATE THEIR FINANCIAL NEEDS MORE EFFECTIVELY. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRISTIAN B ELLIOT 245899 0 0 0 5550 0 25000 0 60179 0 336628 0 0 0 90125 NEED-BASED SCHOLARSHIPS FINANCIAL AID JOHN HANCOCK INSURANCE CO MARC COSTANTINI, TRUSTEE OF TENACRE, IS AN OFFICER AT JOHN HANCOCK. 146989 CONTRIBUTIONS TO RETIREMENT PLAN 0 X 8 70501 FAIR MARKET VALUE 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS OF STOCK RECEIVED AND NOT THE NUMBER OF ACTUAL SHARES RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE FINANCE COMMITTEE. FOLLOWING THESE REVIEWS, A PUBLIC DISCLOSURE COPY OF THE FINAL DRAFT FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL CIRCULATES AND COLLECTS SIGNED CONFLICT OF INTEREST POLICIES FROM EACH MEMBER OF THE BOARD OF TRUSTEES. ANY ISSUES THAT ARISE ARE DISCUSSED AND APPROVED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH INCLUDES THE BOARD PRESIDENT AND TREASURER AND BENEFITS COMMITTEE CHAIR. THE COMPENSATION COMMITTEE OF THE TENACRE COUNTRY DAY SCHOOL BOARD OF TRUSTEES CONSISTS OF STUART ABLON (CHAIR & BOARD PRESIDENT), STEPHEN KISTNER (TREASURER), MARK ROBINSON AND PETER ROSENBERG (BENEFITS CHAIR). DURING THE SPRING OF THE 2011-2012 SCHOOL YEAR THE COMPENSATION COMMITTEE OF THE TENACRE BOARD OF TRUSTEES APPROVED THE COMPENSATION FOR THE HEAD OF SCHOOL FOR 2012-2013. AS A RESULT OF THOSE DISCUSSIONS IT WAS AGREED BY CONSENSUS TO GRANT THE SAME 3% SALARY INCREASE FOR THE HEAD OF SCHOOL AS HAD BEEN APPROVED BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES FOR THE FACULTY AS PART OF THE 2013 BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART III, LINE 1, CONTINUED: SCHOOL LIFE. TENACRE EXPECTS EACH SIXTH GRADER TO LEAVE TENACRE AS A CONFIDENT LEARNER, CRITICAL THINKER AND CARING CITIZEN. AS A COMMUNITY OF CHILDREN AND ADULTS, TENACRE STRIVES TO WORK HARD, TO FIND JOY AND TO BE KIND. FORM 990, PART I, LINE 6: TENACRE HAS VOLUNTEERS, PRIMARILY CURRENT PARENTS, PAST PARENTS, AND FORMER EMPLOYEES, AS WELL AS OTHER, SERVING ON A VARIETY OF SCHOOL COMMITTEES. THE COMMITTEES INCLUDE BOARD DIVERSITY, FINANCE, DEVELOPMENT, HEALTH & SAFETY, SUNSHINE, TENACRE ART GALLERY, TPA, ORCHARDFEST, INVESTMENT, BENEFITS, COMPENSATION, ENRICHMENT, AMONG OTHERS.