BELMONT DAY SCHOOL INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BELMONT DAY SCHOOL INC (EIN 04-2108347)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-08
- IRS object ID
- 201223139349300807
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-08T09:33:46-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061009205 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUM SHAPIRO & COMPANY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 HINGHAM STREET | AddressLine1 |
| City | ROCKLAND | City |
| State | MA | State |
| ZIP Code | 02370 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042108347 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELMONT DAY SCHOOL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BELM | NameControl |
| Phone | 6174843078 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 DAY SCHOOL LANE | AddressLine1 |
| City | BELMONT | City |
| State | MA | State |
| ZIP Code | 02478 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANNETTE RAPHEL | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 6174843078 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHELLE Y HATCH | Name |
| PTIN | P01222458 | PTIN |
| Phone | 7819821001 | Phone |
| Date Prepared | 2012-11-05 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANNETTE RAPHEL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 DAY SCHOOL LANE | AddressLine1 |
| City | BELMONT | City |
| State | MA | State |
| ZIP Code | 02478 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10029709 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | BELMONTDAY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1927 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 221 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1010974 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 642192 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8855104 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9091890 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 199026 | InvestmentIncomePriorYear |
| Investment Income Current Year | 225710 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -49363 | OtherRevenuePriorYear |
| Other Revenue Current Year | 23317 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10015741 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9983109 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 860479 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 899675 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5931169 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6075194 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 264195 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2955666 | OtherExpensePriorYear |
| Other Expenses Current Year | 2852386 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9747314 | TotalExpensesPriorYear |
| Total Expenses Current Year | 9827255 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 268427 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 155854 | RevenuesLessExpensesCY |
| Total Assets BOY | 32633727 | TotalAssetsBOY |
| Total Assets EOY | 31506992 | TotalAssetsEOY |
| Total Liabilities BOY | 15588772 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14981098 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 17044955 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16525894 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 7165666 | Expense |
| Grants | 830005 | Grants |
| Revenue | 7432335 | Revenue |
| Description | WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 273 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, SPANISH, AND PHYSICAL EDUCATION. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 777733 | Expense |
| Grants | 6530 | Grants |
| Revenue | 1338776 | Revenue |
| Description | SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 674 CHILDREN ATTEND SUMMER SESSION. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 278585 | Expense |
| Grants | 63140 | Grants |
| Revenue | 344096 | Revenue |
| Description | THE EXTERNAL PROGRAMS PROVIDE APPROXIMATELY 118 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 8221984 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 1 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 62 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 221 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUCILLE KOOYOOMJIAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6174843078 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BELMONT DAY SCHOOL 55 DAY SCHOOL | AddressLine1 |
| City | BELMONT | City |
| State | MA | State |
| ZIP Code | 02478 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| ERICA CARERE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DIANA CHIGAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JENNIFER JONES CLARK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STACIE CLAYTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CONNAUGHT COLBERT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANDREW COMPAINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN DADAGIAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARK DOLNY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BRUCE DONALD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| EDWARD FOLEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LESLIE JENG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARGARET RAMSEY MCCLUSKEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM PAINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN LOCONTO PENTA | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES STYRON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANDREA SUSSMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CAROLINE THIES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD THOMPSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELSPETH MCCANN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS HANCOCK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BRIT DEWEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KRISTEN LEWIS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LANA HOLMAN | |||||||
| TEACHER/TRUSTEE | 40.00 | X | 70260 | 0 | 5574 | ||
| BETTY CHU PRYOR | |||||||
| TEACHER/TRUSTEE | 40.00 | X | 70753 | 0 | 5016 | ||
| MARGARET WADE | |||||||
| CLERK/TRUSTEE | 1.00 | X | 0 | 0 | 0 | X | |
| KAREN LIESCHING | |||||||
| TREASURER/TRUSTEE | 1.00 | X | 0 | 0 | 0 | X | |
| NICHOLAS NOMICOS | |||||||
| PRESIDENT/TRUSTEE | 1.00 | X | 0 | 0 | 0 | X | |
| LUIS VICEIRA | |||||||
| VICE PRESIDENT/TRUSTEE | 1.00 | X | 0 | 0 | 0 | X | |
| ANNETTE RAPHEL | |||||||
| TRUSTEE/HEAD OF SCHOOL | 40.00 | X | 151860 | 0 | 8633 | X | |
| LUCILLE R KOOYOOMJIAN | |||||||
| DIRECTOR OF FINANCE AND OPERATIONS | 40.00 | 132890 | 0 | 17403 | X | ||
| LENESA LEANA | |||||||
| FORMER HEAD OF SCHOOL/TRUSTEE/OFFICER | 40.00 | 162172 | 0 | 17444 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 587935 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 54070 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| KENNETH VONA CONSTRUCTION | |||||
| 11 FOX ROAD | WALTHAM | MA | 02451 | CONSTRUCTION SERVICES | 162061 |
| SANTORO ASSOCIATES | |||||
| 151 LANCASTER TERRACE | BROOKLINE | MA | 02446 | CONSULTANTS | 127188 |
| PREFERRED CONTRACTORS | |||||
| 223 CENTER STREET | PEMBROKE | MA | 02359 | HVAC HEATING PLANT INSTALLATION | 107404 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 642192 | AllOtherContributions |
| Noncash Contributions | 31200 | NoncashContributions |
| Total Contributions | 642192 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES-WINTER | 611600 | 7367018 | 7367018 |
| TUITION & FEES-SUMMER | 611600 | 1338776 | 1338776 |
| TUITION & FEES-EXT. PR | 611600 | 280300 | 280300 |
| TUITION & FEES-OTHER P | 611600 | 105796 | 105796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9091890 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 203441 | TotalRevenueColumn |
| Exclusion | $203,441 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 68869 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46600 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 22269 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22269 | TotalRevenueColumn |
| Exclusion | $22,269 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 23317 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23317 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 23317 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9983109 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9115207 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $225,710 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 899675 | Total |
| Program Services | 899675 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 635058 | Total |
| Program Services | 150474 | ProgramServices |
| Management And General | 468506 | ManagementAndGeneral |
| Fundraising | 16078 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4442276 | Total |
| Program Services | 3863030 | ProgramServices |
| Management And General | 393100 | ManagementAndGeneral |
| Fundraising | 186146 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 196521 | Total |
| Program Services | 168511 | ProgramServices |
| Management And General | 20926 | ManagementAndGeneral |
| Fundraising | 7084 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432824 | Total |
| Program Services | 404190 | ProgramServices |
| Management And General | 23775 | ManagementAndGeneral |
| Fundraising | 4859 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 368515 | Total |
| Program Services | 294976 | ProgramServices |
| Management And General | 58627 | ManagementAndGeneral |
| Fundraising | 14912 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26325 | Total |
| Management And General | 26325 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31300 | Total |
| Management And General | 31300 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11432 | Total |
| Management And General | 11432 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68347 | Total |
| Program Services | 66772 | ProgramServices |
| Management And General | 1575 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58165 | Total |
| Program Services | 24164 | ProgramServices |
| Management And General | 25889 | ManagementAndGeneral |
| Fundraising | 8112 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387299 | Total |
| Program Services | 349314 | ProgramServices |
| Management And General | 13039 | ManagementAndGeneral |
| Fundraising | 24946 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111085 | Total |
| Program Services | 111085 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 403297 | Total |
| Program Services | 400639 | ProgramServices |
| Management And General | 2096 | ManagementAndGeneral |
| Fundraising | 562 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56512 | Total |
| Program Services | 56512 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 424829 | Total |
| Program Services | 422029 | ProgramServices |
| Management And General | 2208 | ManagementAndGeneral |
| Fundraising | 592 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 648477 | Total |
| Program Services | 644203 | ProgramServices |
| Management And General | 3370 | ManagementAndGeneral |
| Fundraising | 904 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80595 | Total |
| Program Services | 1860 | ProgramServices |
| Management And General | 78735 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FOOD & KITCHEN | 178696 | 178696 | |
| MISCELLANEOUS | 129289 | 66394 | 62895 |
| PRINTING & PUBLICATIONS | 124835 | 15540 | 109295 |
| ATHLETICS | 50285 | 50285 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61618 | Total |
| Program Services | 53635 | ProgramServices |
| Management And General | 7983 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9827255 | Total |
| Program Services | 8221984 | ProgramServices |
| Management And General | 1341076 | ManagementAndGeneral |
| Fundraising | 264195 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 602376 | BOY |
| EOY | 3142047 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3786870 | BOY |
| EOY | 2614082 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1091987 | BOY |
| EOY | 1016995 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35836 | BOY |
| EOY | 15667 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 219570 | BOY |
| EOY | 351362 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 21863113 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7648346 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14292198 | BOY |
| EOY | 14214767 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5738919 | BOY |
| EOY | 6939190 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6763251 | BOY |
| EOY | 3094144 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102720 | BOY |
| EOY | 118738 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32633727 | BOY |
| EOY | 31506992 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 689139 | BOY |
| EOY | 791749 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3959253 | BOY |
| EOY | 3587166 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10940380 | BOY |
| EOY | 10602183 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15588772 | BOY |
| EOY | 14981098 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11152789 | BOY |
| EOY | 10921574 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2338247 | BOY |
| EOY | 1998870 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3553919 | BOY |
| EOY | 3605450 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17044955 | BOY |
| EOY | 16525894 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32633727 | BOY |
| EOY | 31506992 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 155854 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -674915 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Of Open Space | X | PreservationOfOpenSpace |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoring |
| Staff Hours Spent On Enforcement | 0.00 | StaffHoursSpentOnEnforcement |
| Expenses Incurred For Enforcement | 0 | ExpensesIncurredForEnforcement |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12693980 | BeginningOfYearBalance |
| Contributions | 534508 | Contributions |
| Investment Earnings Or Losses | -540958 | InvestmentEarningsOrLosses |
| Other Expenditures | 477035 | OtherExpenditures |
| End Of Year Balance | 12210495 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9080529 | BeginningOfYearBalance |
| Contributions | 2214547 | Contributions |
| Investment Earnings Or Losses | 1812904 | InvestmentEarningsOrLosses |
| Other Expenditures | 414000 | OtherExpenditures |
| End Of Year Balance | 12693980 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7872588 | BeginningOfYearBalance |
| Contributions | 457009 | Contributions |
| Investment Earnings Or Losses | 895977 | InvestmentEarningsOrLosses |
| Other Expenditures | 145045 | OtherExpenditures |
| End Of Year Balance | 9080529 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7905268 | BeginningOfYearBalance |
| Contributions | 1414788 | Contributions |
| Investment Earnings Or Losses | -1236788 | InvestmentEarningsOrLosses |
| Other Expenditures | 210680 | OtherExpenditures |
| End Of Year Balance | 7872588 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.65680 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.29140 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.05180 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1117580 | OtherCostOrOtherBasis |
| Book Value | 1117580 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17468010 | OtherCostOrOtherBasis |
| Depreciation | 5614556 | Depreciation |
| Book Value | 11853454 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1975497 | OtherCostOrOtherBasis |
| Depreciation | 1487127 | Depreciation |
| Book Value | 488370 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1302026 | OtherCostOrOtherBasis |
| Depreciation | 546663 | Depreciation |
| Book Value | 755363 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14214767 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMONFUND INVESTMENTS | 2329458 | F |
| NYES LEDGE CAPITAL OFFSHORE FUND | 764686 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 3094144 | TotalOfBookValueSecurities |
| Total Revenue | 9983109 | TotalRevenue |
| Total Expenses | 9827255 | TotalExpenses |
| Excess Or Deficit For Year | 155854 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -741361 | NetUnrealizedGLOnInvestments |
| Other | $66,446 | OtherAmount |
| Total Adjustments | -674915 | TotalAdjustments |
| Excess Or Deficit Per FS | -519061 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9150179 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -810661 | OtherRevenues |
| Revenue Not Rptd F990 | -810661 | RevenueNotRptdF990 |
| Revenue Subtotal | 9960840 | RevenueSubtotal |
| Other Revenues Not Included | 22269 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 22269 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 9983109 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9669240 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 753092 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 753092 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8916148 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 11432 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 899675 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 911107 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 9827255 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 8 - OTHER ADJUSTMENTS: | LOSS ON DONATION RECEIVABLE -34,000. CHANGE IN SPLIT INTEREST AGREEMENT 117,425. LOSS ON FIXED ASSET DISPOSAL -16,979. TOTAL TO SCHEDULE D, PART XI, LINE 8: 66,446. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -899,675. CHANGE IN SPLIT INTEREST AGREEMENT 117,425. INVESTMENT FEES -11,432. LOSS ON FIXED ASSET DISPOSAL -16,979. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | REALIZED GAINS 22,269. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | REALIZED GAINS -22,269. UNREALIZED LOSSES 741,361. LOSS ON CONTRIBUTION RECEIVABLE 34,000. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 899,675. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | NOTICE OF NON-DISCRIMINATION POLICY APPEARS IN NEWSPAPER WITH LARGEST CIRCULATION IN THE AREA | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 53 | NumberOfRecipients |
| Amount Of Cash Grant | 899675 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANNETTE RAPHEL | |||||||||||||
| 151860 | 0 | 0 | 0 | 0 | 0 | 7500 | 0 | 1133 | 0 | 160493 | 0 | 0 | 0 |
| LUCILLE R KOOYOOMJIAN | |||||||||||||
| 132890 | 0 | 0 | 0 | 0 | 0 | 7207 | 0 | 10196 | 0 | 150293 | 0 | 0 | 0 |
| LENESA LEANA | |||||||||||||
| 162172 | 0 | 0 | 0 | 0 | 0 | 8144 | 0 | 9300 | 0 | 179616 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE HEAD OF SCHOOL, IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT, HAS AN AUTOMOBILE ALLOWANCE, WHICH IS INCLUDED IN HER W-2 COMPENSATION. THE FORMER HEAD OF SCHOOL RECEIVED A MONTHLY HOUSING ALLOWANCE AND USE OF A SCHOOL LEASED AUTOMOBILE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. ANY PERSONAL USE OF THE VEHICLE WAS DOCUMENTED AND REPORTED AS TAXABLE INCOME TO THE FORMER HEAD OF SCHOOL. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043438140 | IssuerEIN |
| Date Issued | 2011-05-03 | DateIssued |
| Issue Price | 11000000 | IssuePrice |
| Description Of Purpose | TO PAY OFF 2001 BONDS AND VARIOUS SCHOOL PROJECTS, INCLUDING AN HVAC SYSTEM. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 397817 | AmountRetired |
| Total Proceeds | 11000000 | TotalProceeds |
| Amount In Reserve Fund | 1324160 | AmountInReserveFund |
| Issuance Costs From Proceeds | 103820 | IssuanceCostsFromProceeds |
| Capital Expenditures | 341473 | CapitalExpenditures |
| Other Spent Proceeds | 9230547 | OtherSpentProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART V: PROCEDURES TO UNDERTAKE CORRECTIVE ACTION | Identifier |
| Explanation | A WRITTEN MEMO ON PROCEDURES REGARDING POST ISSUANCE COMPLIANCE ISSUES, WHICH INCLUDES THE AWARENESS OF CORRECTION THROUGH THE USE OF THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE, WAS NOT IN PLACE AS OF JUNE 30, 2012. HOWEVER, A WRITTEN MEMO WAS DRAFTED AND EFFECTIVELY IN PLACE AS OF OCTOBER 3, 2012 FOR THE JUNE 30, 2013 FISCAL YEAR. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
Name Of Interested Business NameOfInterestedBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DISCLOSURE NOT REQUIRED | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Organization | SEE PART V | RelationshipWithOrganization |
| Amount Of Grant | 48700 | AmountOfGrant |
| Type Of Assistance | NEED BASED ASSIST. SEE PART V | TypeOfAssistance |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 5.4% OF TOTAL GRANTS AWARDED FOR THE YEAR. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 31200 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV AT DONATION | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 4 | THE CHANGES TO THE BY-LAWS OF BELMONT DAY SCHOOL INCLUDE THE FOLLOWING: ARTICLE II, SECTIONS 4 AND 5. CHANGES MADE TO ARTICLE II ARE MINIMAL, MEANT TO UPDATE THE PROVISIONS FOR VOTING BY THE BOARD OF TRUSTEES TO INCLUDE ELECTRONIC MAIL AND OTHER REMOTE ITEMS. ARTICLE III, SECTIONS 1, 2, 5, 7, 8, AND 11. MINOR CHANGES HAVE BEEN MADE TO THIS ARTICLE. LANGUAGE PROVIDING GREATER CLARITY ABOUT THE POWERS AND RESPONSIBILITIES OF THE BOARD OF TRUSTEES HAS BEEN INSERTED IN SECTION 1. IN ADDITION, SECTION 2 HAS BEEN AMENDED TO PROVIDE FOR A "REPRESENTATIVE," RATHER THAN THE PRESIDENT, OF THE ALUMNI AND FRIENDS ASSOCIATION TO SERVE ON THE BOARD. THE LATTER AMENDMENT INCREASES THE OPTIONS FOR THE AFA TO ELECT AN APPROPRIATE REPRESENTATIVE WHO ALSO HAS THE TIME AND IS WILLING TO SERVE ON THE BOARD. ARTICLE IV, SECTIONS 1, 4 AND 5, AND ADDING NEW SECTIONS 6 AND 7. SUBSTANTIAL CHANGES HAVE BEEN MADE TO THE PROVISIONS ON STANDING COMMITTEES OF THE BOARD OF TRUSTEES. MOST OF THE CHANGES DO NOT CHANGE CURRENT PRACTICE, BUT REVISE THE LANGUAGE TO REFLECT THE CURRENT PRACTICE OF THE BOARD. IN THIS REGARD, TWO STANDING COMMITTEES, AUDIT AND COMPENSATION, HAVE BEEN ADDED TO THE BY-LAWS (SECTIONS 6 AND 7). THESE TWO COMMITTEES HAVE ALREADY BEEN OPERATING FOR A NUMBER OF YEARS. THEY ARE IMPORTANT ENOUGH THAT BY-LAW PROVISIONS FORMALIZING BOTH THE PROCESS FOR SELECTION OF COMMITTEE MEMBERS, AND THEIR FUNCTIONS, WERE DEEMED APPROPRIATE. IN ADDITION, THE PROVISIONS REGARDING THE COMMITTEE ON TRUSTEES HAVE BEEN CHANGED SIGNIFICANTLY. IN THE CURRENT BY-LAWS, THERE IS A PROVISION SPECIFYING A NOMINATING COMMITTEE TO FULFILL DUTIES THAT, IN PRACTICE, HAVE ALWAYS BEEN FULFILLED BY THE COMMITTEE ON TRUSTEES. CONSISTENT WITH PEER SCHOOL PRACTICE, BELMONT DAY SCHOOL'S COMMITTEE ON TRUSTEES HAS FULFILLED THE RESPONSIBILITIES OF THE NOMINATING COMMITTEE DESCRIBED IN THE CURRENT BY-LAWS, IN ADDITION TO REVIEWING OVERALL GOVERNANCE ISSUES AND MANAGING THE EVALUATION OF THE HEAD OF SCHOOL AND THE BOARD. THIS PRACTICE HAS BEEN FORMALIZED IN THE AMENDED LANGUAGE, AND BRINGS BDS IN LINE WITH MOST OF OUR PEER SCHOOLS IN THIS REGARD. THE NOMINATING PROCESS HAS ALSO BEEN STREAMLINED AND SIMPLIFIED. THE STREAMLINED PROCESS PROVIDES FOR THE COT TO PRESENT NOMINEES TO THE FULL BOARD OF TRUSTEES FOR APPROVAL, AND FOR THE BOARD IN TURN TO REPORT ITS PROPOSAL OF NOMINEES TO THE CORPORATION MEMBERS AT LEAST 20 DAYS PRIOR TO THE ANNUAL MEETING. NOMINATIONS CONTINUE TO BE SOLICITED FROM THE ENTIRE MEMBERSHIP, AND THE ELECTION OF TRUSTEES STILL TAKES PLACE AT THE ANNUAL MEETING. ARTICLE V, SECTIONS 1, 2, AND 3. THERE HAS BEEN ONE SUBSTANTIAL CHANGE TO THE PROVISIONS OF THE BY-LAWS CONCERNING OFFICERS OF THE CORPORATION IN SECTION 3(D), REGARDING THE RESPONSIBILITIES OF THE TREASURER. THE DESCRIPTION OF THE RESPONSIBILITIES HAS BEEN AMENDED TO REFLECT THE REAL DUTIES OF THE TREASURER OF THE BOARD OF TRUSTEES AND TO AVOID CONFUSION WITH THE RESPONSIBILITIES OF THE BUSINESS MANAGER. IN ADDITION, LANGUAGE HAS BEEN ADDED TO SECTION 2 REGARDING TERMS OF OFFICERS THAT MAKES EXPLICIT THE PRACTICE THAT THE BDS BOARD OF TRUSTEES HAS FOLLOWED FOR MANY YEARS. ARTICLE IX (NEW). FINALLY, A NEW ARTICLE IX CONCERNING CONFLICT OF INTEREST HAS BEEN ADDED TO THE BY-LAWS. BDS HAS A CONFLICT OF INTEREST POLICY, WHICH TRUSTEES AND AD HOC MEMBERS OF BOARD COMMITTEES SIGN EVERY YEAR. THE INCLUSION OF PROVISIONS ON CONFLICT OF INTEREST FORMALIZES THE BASIC ELEMENTS OF THE POLICY. | |
| 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 2012. | |
| 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 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -741,361. LOSS ON DONATION RECEIVABLE -34,000. CHANGE IN SPLIT INTEREST AGREEMENT 117,425. LOSS ON FIXED ASSET DISPOSAL -16,979. TOTAL TO FORM 990, PART XI, LINE 5: -674,915. |
| DOCUMENT RETENTION AND DESTRUCTION POLICY | FORM 990, PART VI, LINE 14: | THE SCHOOL DID NOT HAVE A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY FOR FISCAL YEAR 2012. THE SCHOOL RETAINED ALL FINANCIAL DOCUMENTS FOR SEVEN YEARS AND ALL PERSONNEL AND STUDENT RECORDS FROM THE TIME THEY WERE FIRST FILED IN THE FILE STORAGE ROOM. IN ADDITION, THE SCHOOL'S POLICY WAS THAT NO DOCUMENTS WOULD BE DESTROYED OR FALSIFIED TO PREVENT THEIR USE IN LITIGATION OR OFFICIAL PROCEEDINGS. THE SCHOOL IS CURRENTLY WORKING ON ADOPTING A FORMAL DOCUMENT RENTENTION AND DESTRUCTION POLICY. |
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