2012-03-22T21:42:16-05:00 2011-06-30 Tonneson & Company CPAs PC 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2010-07-01 042104370 The Kingsley Montessori School Inc KING 6172264900 30 Fairfield Street Boston MA 02116 Renee DuChainey-Farkes 6175365984 2012-03-22 1 Cynthia P Almquist 7812459999 2011-12-02 2010 2016-02-24 21:20:13Z Renee Duchainey-Farkes 30 Fairfield Street Boston MA 02116 5792512 0 X www.kingsley.org X 1945 MA To provide education to students in grades Toddler to Sixth 16 12 89 0 0 0 373018 608485 4793601 4997756 -3634 -6771 97973 126940 5260958 5726410 152450 173845 0 0 3023272 3175558 0 0 118872 2122387 2145063 5298109 5494466 -37151 231944 3629232 3452797 6223531 5815152 -2594299 -2362355 To provide education to students in grades Toddler to Sixth 0 0 3819741 4990578 The Kingsley Montessori School, Inc. maintains a non-profit private school and, in general, conducts activities for the promotion of education and instruction of students 3819741 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 16 0 1 89 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X Greg Fisher 6172264900 30 Fairfield Street Boston MA 02116 Renee DuChainey-Farkes 40.00 X X X 190091 0 29841 Ashley Jacobs 1.00 X X 0 0 0 David Belluck 1.00 X X 0 0 0 Greg Fisher 1.00 X X 0 0 0 Robert Reilly 1.00 X X 0 0 0 Lowell Kingsley 1.00 X 25000 0 0 Monique Austin 1.00 X 0 0 0 Kristin Forbes 1.00 X 0 0 0 William Hess 1.00 X 0 0 0 Becky Kidder Smith 1.00 X 0 0 0 Susan Kluver 1.00 X 0 0 0 Stephen Kunian 1.00 X 0 0 0 Jill Shah 1.00 X 0 0 0 John Soukas 1.00 X 0 0 0 Ken Tutunjian 1.00 X 0 0 0 Lynn Waller 1.00 X 0 0 0 Bonnie McKeever 40.00 X 93822 0 6496 Becky Hedin 40.00 X 87075 0 7047 Michael Grossman 40.00 X 73947 0 11756 Gail Duffney-Cirillo 40.00 X 64131 0 0 215091 0 29841 1 0 1 0 0 69160 539325 608485 Tuition and fees 611600 4730035 4730035 Other activities 611600 267721 267721 4997756 407 407 7178 -7178 -7178 -7178 185864 69160 58924 126940 126940 5726410 4990578 0 127347 173845 173845 217552 217552 2349286 1652218 628230 68838 59501 39216 18651 1634 330085 222810 98715 8560 219134 144428 68689 6017 9757 9757 15790 15790 246070 119954 126116 860407 774327 86080 30011 27049 2962 238299 214469 23830 Miscellaneous 127742 93919 33823 Student activities 124270 124270 Utilities 92885 92885 Repairs and maintenance 72903 72903 Staff development 61982 61982 264947 99385 165562 5494466 3819741 1555853 118872 232 1764 628747 639051 59340 59550 839 0 19704 18633 4325798 1733357 2768343 2592441 152027 141358 3629232 3452797 546510 428020 1734776 1971149 480000 3106353 3007137 355892 408846 6223531 5815152 X -2674752 -2546267 80453 183912 -2594299 -2362355 3629232 3452797 231944 0 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37000 37000 863878 609795 254083 2725398 599253 2126145 699522 524309 175213 2592441 Accrued Rent 408846 408846 5726410 5494466 231944 0 231944 5618667 58924 58924 5559743 166667 166667 5726410 5386723 66102 66102 5320621 173845 173845 5494466 Description of Uncertain Tax Positions Under FIN 48: Part X: In accordance with Section 501(c)(3) of the Internal Revenue Code, the School is exempt from federal and state income taxes and, accordingly, the financial statements do not reflect a provision for income taxes. These determinations have been reviewed according to guidance in a recent Financial Accounting Standards Board pronouncement related to accounting for uncertainty in income taxes which was adopted by the School on July 1, 2009. In determining the recognition of uncertain tax positions, the School now applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2011, the School has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XII, Line 2d - Other Adjustments: Fundraising Expense Part XII, Line 4b - Other Adjustments: Financial Aid - $173,845 Loss on Disposal of Assets - ($7,178) Part XIII, Line 2d - Other Adjustments: Fundraising Expense - $58,924 Loss on Disposal of Assets - $7,178 Part XIII, Line 4b - Other Adjustments: Financial Aid 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 Kingsley Montessori School publicizes their nondiscriminatory policy through The Boston Globe and certain other publications. Gala 243025 69160 173865 53263 Parents' Association 11999 11999 5661 255024 69160 185864 58924 58924 126940 1 Financial Aid/Scholarship 18 173845 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: A limited number of scholarships financed primarily by fundraising activities are available depending on the current financial condition of the school. Scholarships are based upon need. The Financial Aid Committee has sole discretion in determining who is awarded a scholarship. X X X 0 0 0 0 0 1 0 0 0 Renee DuChainey-Farkes 190091 0 0 0 0 0 15750 0 14091 0 219932 0 0 0 Part I, Line 6 The Head of School's bonus is contingent on the School meeting certain budget thresholds. Massachusetts Development Finance Agency 043431814 2005-06-01 3360000 Finance the renovation, furnishing & equipping of space leased by Kingsley 0 0 0 352863 3360000 210000 67200 3082800 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 Gordon Family LLC Shareholder of LLC is Chairman of the Board -240000 Loan to the Organization. The loan was repaid in full during the year ended June 30, 2011. 0 David Belluck Board member of the Organization -240000 Loan to the Organization. The loan was repaid in full during the year ended June 30, 2011. 0 Form 990, Part VI, Section B, line 11 Form 990 is first prepared by the outside auditors,and then reviewed by the Director of Finance and Operations. The return is then submitted for approval to the Audit Committee and prior to filing is made available to the Board of Trustees. Form 990, Part VI, Section B, line 12c Directors, trustees and key employees are required to disclose annually any interests because it is important for management and the board of trustees to be aware of any potential conflicts Form 990, Part VI, Section B, line 15a The process of determining compensation for the organization's director includes review by the compensation committee, comparison to a relative compensation survey, and ultimately approval by the organization's Board of Trustees. Form 990, Part VI, Section C, line 19 The 990 is made available to the public upon request and through www.guidestar.com.