2012-11-09T06:35:32-06:00 2012-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2011-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 PETER HENDEL 6035361748 2012-11-01 1 ORESTE J MOSCA P00366101 6032245357 2011 2016-02-24 21:20:13Z PETER HENDEL CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 23981825 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 286. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 29 29 201 29 0 0 5109672 2144351 12384781 13561187 790453 575141 0 60740 18284906 16341419 2825998 3014340 0 0 7449250 7811233 0 0 1101620 5355344 5790539 15630592 16616112 2654314 -274693 77512008 75517345 8906233 9583325 68605775 65934020 X LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 286. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 12900918 13621927 PRIVATE SECONDARY SCHOOL WHICH SERVICED 286 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, TEACHING SUBJECTS USUALLY TAUGHT IN PUBLIC SCHOOLS. DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 12900918 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 54 0 1 201 1 0 1 CJ BD OC 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PETER HENDEL 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR PETER KIMBALL 2.00 X 0 0 0 MR PAUL MARTINI 2.00 X 0 0 0 MR HARRY SHEEHY 2.00 X 0 0 0 MR WILLIAM L PRICKETT 3.00 X X 0 0 0 MS SUSAN PAINE 2.00 X 0 0 0 MR THOMAS PHILLIPS 2.00 X 0 0 0 MR NIGEL D FURLONGE 2.00 X 0 0 0 MR DOUGLAS H GRISWOLD 2.00 X 0 0 0 MR JAMES HAMBLIN 3.00 X X 0 0 0 MR PETER NORDBLOM 2.00 X 0 0 0 MS JAN HAUSER 2.00 X 0 0 0 MR CHRISTOPHER CARNEY 2.00 X 0 0 0 MR JON Q REYNOLDS 2.00 X 0 0 0 MR FRANK BONSAL 2.00 X 0 0 0 MR RUSSELL CUSHMAN 2.00 X 0 0 0 MR RICHARD NESBITT 2.00 X 0 0 0 MS TAMAR PICHETTE 2.00 X 0 0 0 MR IAN SANDERSON 2.00 X 0 0 0 MS JENNY SEEMAN 2.00 X 0 0 0 MS ELLYN WEISEL 2.00 X 0 0 0 MS GRACE BIRD 2.00 X 0 0 0 MS ELIZABETH BUNCE 2.00 X 0 0 0 MR RANDOLPH DALES 2.00 X 0 0 0 MS TRACY GILLETTE 2.00 X 0 0 0 MR ROBERT HALL 2.00 X 0 0 0 REV VGENE ROBINSON 2.00 X 0 0 0 MR JON BAUM 2.00 X 0 0 0 MR GARY A SPIESS ESQ 2.00 X 0 0 0 MR JEROME THOMAS 2.00 X 0 0 0 MR R PHILLIP PECK 60.00 X 219583 0 46189 MR PETER HENDEL 60.00 X 134159 0 30150 MR ROBERT CALDWELL 60.00 X 147189 0 11667 500931 0 88006 3 0 1 0 0 10299 2134052 562439 2144351 TUITION AND FEES 900099 12722300 12722300 SCHOOL ACTIVITY REVENU 900099 454585 454585 SUMMER PROGRAM REVENUE 900099 384302 384302 13561187 547669 547669 7662453 5425 7636250 4156 26203 1269 27472 27472 BAD DEBT RECOVERY 900099 60740 60740 60740 16341419 13621927 0 575141 3014340 3014340 418014 256966 161048 5551511 3891054 1059708 600749 479658 333298 98089 48271 833181 584487 159393 89301 528869 370468 103831 54570 52418 52418 50667 50667 117898 117898 7368 1822 5546 106841 28409 78432 80584 67115 13469 212341 201172 11169 1166804 1093887 72917 213384 109997 24712 78675 69252 26485 42767 79952 79952 1011065 1011065 136003 136003 RESIDENTIAL SERVICES 583110 583110 TUITION REMISSION 405960 405960 ATHLETICS 280816 280816 SUMMER PROGRAM 274823 274823 941253 690647 171935 78671 16616112 12900918 2613574 1101620 700 700 4851172 5075166 4035207 2527115 48460 49497 196753 167639 254342 273466 40516985 15430430 23053677 25086555 45071697 42302594 0 34613 77512008 75517345 1290502 754841 4115731 4328484 3500000 4500000 8906233 9583325 X 26525899 30630854 21945070 14791509 20134806 20511657 68605775 65934020 77512008 75517345 X -274693 -2397062 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46321896 351120 -4340802 795489 613377 162523 40760825 39227478 1383254 7241576 736171 629075 165166 46321896 36670099 341859 3685605 669632 633927 166526 39227478 45507114 2020954 -9472597 616991 603741 164640 36670099 0.21800 0.45700 0.32500 0 0 424972 424972 35566403 11913461 23652942 4525610 3516969 1008641 25086555 INVESTMENTS - SECURITIES 39953205 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 2349389 F 42302594 16341419 16616112 -274693 -2488966 91904 -2397062 -2671755 10812119 -2488966 91904 -2397062 13209181 117898 3014340 3132238 16341419 13483874 0 13483874 117898 3014340 3132238 16616112 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740). ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 91,904. PART XI, LINE 8: INCREASE IN VALUE OF THE SCHOOL'S SPLIT-INTEREST AGREEMENTS $91,904 PART XII, LINE 2D: INCREASE IN VALUE OF THE SCHOOL'S SPLIT-INTEREST AGREEMENTS $91,904 PART XII, LINE 4B: SCHOLARSHIPS AND STUDENT LOANS $3,014,340 PART XIII, LINE 4B: SCHOLARSHIPS AND STUDENT LOANS $3,014,340 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A FEDERAL GRANT FOR SCHOOL LUNCHES IN THE AMOUNT OF $10,299 FOR THE FISCAL YEAR ENDED JUNE 30, 2012. 1 FINANCIAL AID TO STUDENTS 106 3014340 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MR R PHILLIP PECK 219583 0 0 0 0 0 20325 0 25864 0 265772 0 0 0 MR PETER HENDEL 134159 0 0 0 0 0 12706 0 17444 0 164309 0 0 0 MR ROBERT CALDWELL 147189 0 0 0 0 0 10647 0 1020 0 158856 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 4500000 4500000 2011 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 X 39 562439 FMV ON DONATION DATE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD AT THEIR OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES OF THE SCHOOL. THE FORMAL PROCESS FOR DETERMINING COMPENSATION OF ALL KEY EMPLOYEES IS AS FOLLOWS: HEAD OF SCHOOL - ANNUALLY THE COMPENSATION COMMITTEE MEETS AND REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND ALSO REVIEWS BENCHMARK INFORMATION OF SALARY AND BENEFITS FROM 14 PEER SCHOOLS. THE COMMITTEE THEN RECOMMENDS A TOTAL COMPENSATION PACKAGE. THIS RECOMMENDATION IS REVIEWED AND VOTED ON BY THE FULL BOARD OF TRUSTEES. OTHER HIGHLY COMPENSATED EMPLOYEES OF THE SCHOOL - ANNUALLY THE HEAD OF SCHOOL PRESENTS TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW HIS/HER RECOMMENDATION AS TO THE COMPENSATION LEVELS FOR ANY HIGHLY COMPENSATED EMPLOYEE OF THE SCHOOL. THE HEAD SUPPORTS THESE DECISIONS WITH A REPORT ON JOB PERFORMANCE FOR EACH EMPLOYEE AND WITH BENCHMARK INFORMATION FROM 14 PEER BOARDING SCHOOLS. THIS PROCEDURE WAS LAST CONDUCTED ON OCTOBER 21, 2011. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,488,966. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 91,904. TOTAL TO FORM 990, PART XI, LINE 5: -2,397,062. AUDIT COMMITTEE PROCESS 990, PART XII, LN 2C AUDIT COMMITTEE OVERSIGHT PROCESS REMAINS UNCHANGED FROM PRIOR YEAR.