2012-05-15T15:55:51-05:00 2011-06-30 KIRKLAND ALBRECHT & FREDRICKSON LLC 10 FORBES ROAD WEST BRAINTREE MA 02184 990 2010-07-01 042103564 GOVERNOR DUMMER ACADEMY D/B/A THE GOVERNOR'S ACADEMY GOVE 9784651763 1 ELM STREET BYFIELD MA 01922 HUGH A MCGRAW 9784651763 2012-05-15 1 MICHAEL HINCHEY 7813562000 2012-05-15 2010 2016-02-24 21:20:13Z HUGH A MCGRAW 1 ELM STREET BYFIELD MA 01922 78325586 0 X WWW.THEGOVERNORSACADEMY.ORG X 1763 MA THE LONGEST CONTINUING INDEPENDENT BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. 27 27 241 500 0 0 2073777 2955851 15440755 16225953 5197216 14227081 453938 1086238 23165686 34495123 3036409 3285292 0 0 9407165 9917883 0 0 1131983 10992770 9859458 23436344 23062633 -270658 11432490 125167837 131923243 32326243 31427602 92841594 100495641 X THE LONGEST CONTINUING INDEPENDENT BOARDING AND DAY BOARDING SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. 0 0 18809166 3285292 20029761 THE GOVERNOR'S ACADEMY PROVIDES A CAREFULLY THOUGHT OUT AND RIGOROUS EDUCATIONAL EXPERIENCE THAT ENCOMPASSES ACADEMIC WORK, ATHLETICS, THE ARTS AND SERVICE. IN SMALL CLASSES LED BY TALENTED TEACHERS WHO INSPIRE A LIFELONG LOVE OF LEARNING AND AN UNQUENCHABLE CURIOSITY ABOUT THE WORLD. HERE STUDENTS DISCOVER NEW WORLDS - IN INTELLECTUAL INQUIRY. CLASSES ARE 45-90 MINUTES LONG, MEETING 3 TIMES A WEEK. THE AVERAGE CLASS SIZE IS APPROXIMATELY 13 STUDENTS. LIVING AND LEARNING WITH BOYS AND GIRLS FROM A RANGE OF BACKGROUNDS AND LIFE EXPERIENCES, OUR STUDENTS GAIN A BROADER UNDERSTANDING OF THE WORLD. WE HAVE MORE THAN 390 STUDENTS IN GRADES 9-12. OUR ENROLLMENT INCLUDES 13 PERCENT STUDENTS OF COLOR AND 12 PERCENTS INTERNATIONAL STUDENTS. TWO-THIRDS OF OUR STUDENTS BOARD; ONE-THIRD ARE DAY STUDENTS. ACADEMICALLY WE OFFER HONORS, ADVANCE AND ADVANCED PLACEMENT COURSES, AS WELL AS INDEPENDENT STUDY IN ALL DEPARTMENTS. ATHLETES PARTICIPATE IN THE ISL LEAGUE OF 16 SCHOOLS LOCATED IN THE GREATER BOSTON AREA. WE OFFER MORE THAN 50 INTERSCHOLASTIC TEAMS FROM VARSITY TO THIRDS. OUR EFFORTS CONTINUE TO EXPAND IN PROVIDING GLOBAL UNDERSTANDING ANDEXPERIENCES FOR OUR STUDENTS THROUGH EXCHANGE PROGRAMS. CURRENTLY OUR EXCHANGES ARE IN CHINA, KENYA AND HONDURAS; WE HOPE SOON TO HAVE EXCHANGES ON EVERY CONTINENT. STUDENTS SPEND TIME AT SCHOOLS ACROSS THE GLOBE, AND THEN THOSE FOREIGN STUDENTS AND TEACHERS COME TO OUR CAMPUS, WHERE THEY LIVE IN THE DORMS AND TAKE PART IN CLASSES AND ACTIVITIES. WE ARE DEVELOPING COURSES WITH A GLOBAL PERSPECTIVE, INCLUDING MODERN CHINESE HISTORY AND AFRICAN HISTORY. FOREIGN LANGUAGE STUDENTS - IN CHINESE, SPANISH, FRENCH, GERMAN AND LATIN - ENRICH THEIR LEARNING WITH TRIPS ABROAD AND LANGUAGE CLUB OUTINGS. 18809166 1 1 0 0 0 0 1 0 1 1 1 0 0 1 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 0 0 0 0 0 0 0 0 0 0 1 89 0 1 241 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X HUGH A MCGRAW 9784651763 1 ELM STREET BYFIELD MA 01922 JEFFREY L GORDON 5.00 X X 0 0 0 JAMES L RUDOLPH 5.00 X X 0 0 0 BILL ALFOND 5.00 X 0 0 0 NATHALIE E AMES 5.00 X 0 0 0 SONG-HYUK BANG 5.00 X 0 0 0 REV ADRIENNE BERRY-BURTON 5.00 X 0 0 0 W GRAHAM COLE JR 5.00 X 0 0 0 CHRISTOPHER W COLLINS 5.00 X 0 0 0 WENDY B COWIE 5.00 X 0 0 0 MARGO L DHALIWAL 5.00 X 0 0 0 JONATHAN J DOYLE 5.00 X 0 0 0 HENRY B EATON 5.00 X 0 0 0 BEVERLY R GIBLIN 5.00 X 0 0 0 KATHY S HINES 5.00 X 0 0 0 STEPHEN G KASNET 5.00 X 0 0 0 RICHARD M KELLEHER 5.00 X 0 0 0 PAUL MCKEON 5.00 X 0 0 0 KARA MOHEBAN MCLOY 5.00 X 0 0 0 THOMAS M MERCER JR 5.00 X 0 0 0 JAMES M PIERCE 5.00 X 0 0 0 SPENCER PURINTON 5.00 X 0 0 0 GARY A ROGERS 5.00 X 0 0 0 GEORGE S SCHARFE 5.00 X 0 0 0 AARON M SELLS 5.00 X 0 0 0 STEVEN G SHAPIRO 5.00 X X 0 0 0 DAVID SPLAINE 5.00 X 0 0 0 BRUCE C TURNER 5.00 X 0 0 0 MARK WHISTON 5.00 X 0 0 0 LAURA E ELLISON 5.00 X 0 0 0 MATTHEW R LEE 5.00 X 0 0 0 SHAENA TUCKER 5.00 X 0 0 0 DANIEL C LOOK 5.00 X 0 0 0 HUGH A MCGRAW 50.00 X X 169068 0 2067 LORI CORREALE 40.00 X X 130502 0 15248 JOHN MARTIN DOGGETT 50.00 X X 272662 0 15850 LYNDA FITZGERALD 40.00 X X 104952 0 6026 677184 0 39191 4 0 1 0 HARVARD PILGRIM HEALTH CARE PO BOX 970050 BOSTON MA 02297 HEALTH CARE 1069524 US FOODSERVICE PO BOX D 3155 BOSTON MA 02241 FOOD SUPPLIER 372060 PBSC 360 PEARL STREET MALDEN MA 02148 JANITORIAL SERVICES 238164 OPTIMUM SECURITY 60 WASHINGTON STREET HAVERHILL MA 01832 SECURITY CONTRACTING 159000 SYSCO BOSTON PO BOX AP NORTON MA 02766 FOOD SUPPLIER 150523 5 69738 2886113 2955851 TUITION 611600 15468300 15468300 SUMMER PROGRAMS 713990 462581 462581 STUDENT FEE INCOME 611710 251050 251050 FEES 611710 44022 44022 16225953 1163061 1163061 283057 283057 283057 283057 56679637 43615617 13064020 13064020 13064020 44210 69738 44210 0 251337 170636 80701 80701 CHANGE IN VALUE OF SWA 653848 653848 MISCELLANEOUS 900099 68632 68632 722480 34495123 29439306 0 2099966 3285292 3285292 466967 232457 118281 116229 7221877 5708056 1027427 486394 1595612 1216736 315042 63834 633427 411733 152623 69071 478656 213921 258841 5894 3042 3042 55965 33781 22184 303633 119056 183460 1117 1454011 1454011 69878 8052 42244 19582 37720 30266 120 7334 1122818 1122818 1703999 1601759 85200 17040 461417 24704 436713 COST OF GOODS SOLD 632205 632205 OUTSIDE STAFFING 629689 629689 FACULTY DEVELOPMENT & R 352253 352253 OPERATIONS & MAINTENANC 348522 316174 32348 MISCELLANEOUS EXPENSE 333216 223821 86916 22479 1872434 1189340 392433 290661 23062633 18809166 3121484 1131983 241923 672272 5063612 5785411 1336762 1247597 44485 205200 54187 15970 90844 126125 560724 501620 73589128 17722459 56625641 55866669 45199 53604 61104460 67448775 125167837 131923243 1348096 1273741 2672069 3216364 23700000 23110000 169315 76519 4436763 3750978 32326243 31427602 X 60591995 68947558 7466285 6342441 24783314 25205642 92841594 100495641 125167837 131923243 X 11432490 -3778443 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 61149659 477411 10279795 4404486 67502379 57876141 677277 6039312 3443071 61149659 77538518 363231 -17052959 2972649 57876141 0.55390 0.37150 0.07460 0 0 59994080 13983287 46010793 4815437 2728762 2086675 8779611 1010410 7769201 55866669 LIMITED PARTNERSHIPS 5667884 F BENEFICIAL INTEREST IN PHILLIPS TRUSTS 7076223 F COMMONFUND INSTITUTIONAL FUNDS 53097294 F TIAA-CREF INST. EQUITY 1607374 F 67448775 ANNUITIES PAYABLE 638673 INTEREST RATE SWAP 3112305 3750978 34495123 23062633 11432490 -3778443 -3778443 7654047 31891501 -3778443 4460113 681670 31209831 3285292 3285292 34495123 24237454 4460113 4460113 19777341 3285292 3285292 23062633 PART III, LINE 4: VARIOUS PAINTING THAT ARE DISPLAYED IN THE LIBRARY WHICH WERE DONATED TO THE SCHOOL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ACADEMY'S ENDOWMENT FUNDS ARE USED FOR THE SUPPORT IN FINANCIAL AID AND COMMENCEMENT PRIZES. IT ALSO HELPS TO MAINTAIN FACULTY SALARY AND BENEFITS AS WELL AS MAINTAINING THE PHYSICAL PLANT OF THE SCHOOL. THE TEMPORARY RESTRICTED GIFTS COULD BE MORE SPECIFIC AS UNIFORMS, TUNING PIANOS, SUPPORT IN THE EXCHANGE PROGRAM, HELPING FINANCIAL AID STUDENTS ATTEND THE PROM AND PURCHASE BOOKS. 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 GOVERNOR DUMMER ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY ON A SCHOOL BULLETIN AND IN BROCHURES. GOLF TOURNAMENT 62655 18445 44210 27976 16234 62655 18445 44210 27976 16234 44210 0 1 FINANCIAL AID 102 0 3285292 FMV SCHOLARSHIPS/FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS ALLOCATED ON A NEED BASED BASIS AT THE GOVERNOR'S ACADEMY. FOR NEW APPLICANTS TO THE SCHOOL, WE REQUIRE FAMILIES TO SUBMIT INCOME AND ASSET INFORMATION TO SSS, A FINANCIAL AID ASSESSMENT ORGANIZATION THAT OPERATES WITHIN NAIS. SSS PROVIDES FOR US A RECOMMENDED FAMILY CONTRIBUTION (RFC) AND, TO OUR ABILITY AND AFTER OUR EVALUATION OF A FAMILY'S SUBMISSION, WE WILL PROVIDE FINANCIAL AID TO A FAMILY THAT REPRESENTS THE DIFFERENCE BETWEEN THE RFC AND THE COST OF TUITION. WITH RESPECT TO MONITORING THE STUDENTS OVER TIME, FAMILIES MUST SUBMIT A FINANCIAL AID APPLICATION EACH YEAR AND THE RFC IS USED TO DETERMINE A FINANCIAL AID ALLOCATION EACH YEAR. X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 HUGH A MCGRAW 162948 0 0 0 6120 0 0 0 2067 0 171135 0 0 0 JOHN MARTIN DOGGETT 254630 0 0 0 18032 0 0 0 15850 0 288512 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON CAMPUS HOUSING FOR THE HEADMASTER AND CHIEF FINANCIAL OFFICER TO PROVIDE AN ON CAMPUS PRESENCE TO DEAL WITH ASSORTED ISSUES AND EMERGENCIES. THE HEADMASTER DISCRETIONARY FUND OF $3,000 IS USED TO PAY FOR UNPLANNED SCHOOL ACTIVITIES. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGN9 2006-08-01 15000000 CONSTRUCTION OF DORM,MAINTENANCE BLDG,HOCKEY RINK,TURF FIELD,TENNIS COURTS 0 1 0 15000000 295724 14704276 2007 0 0 0 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 32900 THE SCHOOL PROVIDED A NEED BASED SCHOLARSHIP TO THE NEPHEW OF A DIRECTOR X 8 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF THE FORM 990 IS SENT TO THE DIRECTOR OF FINANCE FOR AN INITIAL REVIEW. DURING THE INITIAL REVIEW IF ANY QUESTIONS ARE RAISED THEY ARE BROUGHT TO THE ATTENTION OF THE TAX PREPARERS. ONCE ALL THE QUESTIONS HAVE BEEN ADEQUATELY ANSWERED THE DRAFT FORM 990 IS PROVIDED TO THE CFO FOR REVIEW. A FINAL REVIEW OF THE FORM IS CONDUCTED BY THE DIRECTOR OF FINANCE AND THE CFO BEFORE THE FORM 990 IS FINALIZED AND SENT TO THE AUDIT COMMITTEE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ISSUED ONCE A YEAR WITH A AKNOWLEDGEMENT TO BE SIGNED ASSURING THAT THE READER IS AWARE AND WILL COMPLY. ONCE THE AKNOWLEDGEMENT IS SIGNED IT IS FILED IN THE CFO'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION IS REVIEWED BY THE PRESIDENT OF THE BOARD AND HIS EXECUTIVE COMMITTEE, WITH SUPPORT FROM THE CFO REGARDING COMPARATIVE SALARY DATA. THE CFO'S SALARY IS SET BY THE HEADMASTER. THE HEADMASTER AND CFO COLLABORATE IN SETTING THE STAFF AND FACULTY SALARY POOL INCLUDING ANTICIPATED TURNOVER AND THE BUDGET SALARY FOR REPLACEMENT PERSONNEL. ALL SALARY RECOMMENDATIONS ARE THEN INCORPORATED INTO THE DRAFT FY BUDGET WHICH IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD APPROVES THE BUDGET FOR IMPLEMENTATIONS. THE ORGANIZATION BENCHMARKS AND ANALYZES THE SALARIES TO ABOPS (AN ASSOCIATION OF 40 PEER SCHOOLS) ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE VIA A WRITTEN OR TELEPHONE REQUEST TO THE ORGANIZATION. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,778,443.