2012-05-15T06:36:15-05:00 2011-06-30 Tonneson & Company CPAs PC 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2010-07-01 042104926 Shore Country Day School SHOR 9789271700 545 Cabot Street Beverly MA 01915 David F Torchiana 9789271700 2012-05-11 1 Cynthia P Almquist 7812459999 2012-04-30 2010 2016-02-24 21:20:13Z David F Torchiana 545 Cabot Street Beverly MA 01915 13220976 0 X www.shoreschool.org X 1936 MA To provide education to students in Readiness/Kindergarten to 9th Grade. 22 22 144 250 0 0 978189 2227273 9987638 10800142 91364 176950 0 0 11057191 13204365 907335 939167 0 0 6908060 7360187 15000 52500 557399 3465553 3820691 11295948 12172545 -238757 1031820 23054364 25790921 751913 1109731 22302451 24681190 To provide an education that inspires a love of learning and encourages children to embrace academic challenge. We seek to build character, cultivate creativity, and value diversity as we help our children become healthy, compassionate citizens of the world. 0 0 9232622 939167 10532167 Shore Country Day School provides education to approximately 440 students in Readiness/Kindergarten to 9th Grade. 9232622 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 144 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Roberta B Whiting 9789271700 545 Cabot Street Beverly MA 01915 David F Torchiana MD 5.00 X X 0 0 0 Rosemary S French 5.00 X X 0 0 0 Ali Towfighi 5.00 X X 0 0 0 Susan Murley 5.00 X X 0 0 0 James Allan 3.00 X 0 0 0 Sheila Burke 3.00 X 0 0 0 Martha Carter 3.00 X 0 0 0 Robert Clark Jr 3.00 X 0 0 0 Pam Demetroulakos 3.00 X 0 0 0 Robert Duffy 3.00 X 0 0 0 Susan Fortin 3.00 X 0 0 0 Peter Harrison 3.00 X 0 0 0 W Drew Hoffman 3.00 X 0 0 0 Courtney Kagan 3.00 X 0 0 0 Karla Kaneb 3.00 X 0 0 0 Jennifer Knowles 3.00 X 0 0 0 Ledyard McFadden 3.00 X 0 0 0 Nicola Savignano 3.00 X 0 0 0 Eve Trkla 3.00 X 0 0 0 Joseph Trustey 3.00 X 0 0 0 Seth Ward 3.00 X 0 0 0 Patrick Wilson 3.00 X 0 0 0 Lawrence A Griffin 40.00 X X 316400 0 26941 Roberta B Whiting 40.00 X 201250 0 18125 Marge Cregg 40.00 X 119250 0 2925 Lee Carey 40.00 X 113500 0 10850 Elizabeth MacCurrach 40.00 X 105250 0 10275 855650 0 69116 6 0 1 0 0 2227273 2227273 Tuition and fees 611600 10532167 10532167 Auxilliary activities 611710 206862 206862 Other income 611710 61113 61113 10800142 193561 193561 16611 -16611 -16611 -16611 13204365 10783531 0 193561 939167 939167 653976 653976 5456977 4465055 647939 343983 403255 294644 85912 22699 408689 262416 114141 32132 437290 319512 93163 24615 35182 35182 52500 52500 446728 288257 127038 31433 325 325 17717 17550 167 741781 741781 Insurance 720091 668716 51375 Student related expense 440781 198313 231438 11030 Repairs and maintenance 316773 218171 96932 1670 Utilities 267504 267504 Classroom related expen 174920 172772 2148 658889 396314 225730 36845 12172545 9232622 2382524 557399 187913 85940 2221965 4189570 13731 239893 290391 18888929 8113346 11177782 10775583 8822842 10435706 403969 23054364 25790921 69379 167395 284684 543436 397850 398900 751913 1109731 X 19417683 21302149 1458436 1891917 1426332 1487124 22302451 24681190 23054364 25790921 X 1031820 1346919 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7063186 74777 1417076 330548 8224491 6509561 66870 830650 343895 7063186 8428743 6130 -1579174 346138 6509561 0.73000 0.27000 0 0 10500 10500 17118416 6792202 10326214 1663855 1280509 383346 96158 40635 55523 10775583 Tuition deposits 398900 398900 13204365 12172545 1031820 1346919 1346919 2378739 13612117 1346919 1346919 12265198 939167 939167 13204365 11233378 0 11233378 939167 939167 12172545 Description of Uncertain Tax Positions Under FIN 48: Part X: In determining the recognition of uncertain tax positions, the School 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 4b - Other Adjustments: Financial Aid 939,167. Part XIII, Line 4b - Other Adjustments: Financial Aid 939,167. 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 Policy is described in newspaper advertising. X X X X 1 Mr Jeffrey Berndt 16 Wood Way Cohasset MA 02025 Professional Fundraising Counsel 0 0 52500 0 52500 MA 1 Financial Aid 62 939167 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Financial Aid is awarded to families who demonstrate financial need through the School and Student Services for Financial Aid (SSS) program, sponsored by the National Association of Independent Schools. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Lawrence A Griffin 316400 0 0 0 0 0 0 0 26941 0 343341 0 0 0 Roberta B Whiting 201250 0 0 0 0 0 0 0 18125 0 219375 0 0 0 Form 990, Part VI, Section B, line 11 The Form 990 is presented to the compensation committee as directed by the board of directors. Form 990, Part VI, Section B, line 12c Shore Country Day School requires directors, officers, and key employees to complete a conflict of interest questionnaire every year. These individuals are asked to review the Conflict of Interest Policy at the same time. The completed forms are reviewed and any apparent conflicts are probed and resolved. The Board of Directors and staff are also vigilant during the year for any conflicts of interest which may arise in the period between completing the questionnaires. Form 990, Part VI, Section B, line 15 The process and policy for determining compensation for key employees at Shore Country Day School is as follows: The School has established a compensation committee to determine the compensation for key employees. The policy of the committee is to attract and retain key executive talent by providing a competitive total compensation package. In determining competitiveness, Shore Country Day School looks primarily to compensation offered by other local non-profit organizations that are similar in size as well as reviewing statistical data provided by the National Association of Independent Schools. The Compensation Committee of the Board of Directors reports to the Board of Directors the cash and non-cash compensation policies, programs and amounts, as well as major changes in the School's benefit plans, applicable to key executives of Shore Country Day School. "Key executive" is defined as Headmaster, Chief Financial Officer, and other key employees. The Compensation Committee documents the basis for its determination of the reasonable compensation for those key executives under its review and the basis for determining that the compensation of the executive was reasonable in light of market data. The Compensation Committee reports to the Board of Directors on an annual basis. The Board of Directors periodically reviews the membership of the Compensation Committee with a view to making sure that no member is subject to a conflict of interest which would make his or her participation in the review of compensation inappropriate. Form 990, Part VI, Section C, line 19 Shore Country Day School 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 5: Net unrealized gains on investments: 1,346,919.