2012-11-14T06:31:24-06:00 2012-06-30 041796830 RUSSELL BRIER & CO LLP TEN POST OFFICE SQUARE - 6TH FL BOSTON MA 021094689 990 2011-07-01 042104152 DEXTER SCHOOL DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 RICHARD SAUL 6175225544 2012-11-14 1 KEITH P LAGRAVES P00068702 6175237094 2011 2016-02-24 21:20:13Z RICHARD SAUL 20 NEWTON STREET BROOKLINE MA 024457498 29873329 0 X WWW.DEXTER-SOUTHFIELD.ORG X 1926 MA ELEMENTARY THROUGH HIGH SCHOOL FOR BOYS- PRE-KINDERGARTEN TO GRADE TWELVE 14 13 266 0 0 0 669529 1700980 23777453 23592375 423780 27802 1266 -11297 24872028 25309860 4226267 3675753 0 0 14141720 14263041 0 0 750572 11055568 9633166 29423555 27571960 -4551527 -2262100 67648130 64084779 42168054 42166545 25480076 21918234 X ELEMENTARY THROUGH HIGH SCHOOL FOR BOYS - PRE-KINDERGARTEN TO GRADE TWELVE 0 0 8647968 14523340 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS IN GRADES PRE-KINDERGARTEN THROUGH 12. 3675752 PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL 1096053 1073036 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY AND OVERNIGHT PROGRAMS ON THE CAMPUS AND AT ITS FACILITIES ON CAPE COD. IN ADDITION, ADULT EDUCATION, PUBLIC SCHOOL PROGRAMS, AND OTHER EDUCATIONAL OUTREACH PROGRAMS ARE CONDUCTED ON THE PROPERTY AND AT THE SCHOOL'S CLAY CENTER OBSERVATORY. 4261886 7330010 LUNCHROOM: $1,133,330TRANSPORTATION: $827,362ATHLETICS: $1,530,738CLAY CENTER: $157,018ROUNDING $1ICE FACILITY: $613,437 4261886 7330010 17681659 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 1 56 0 1 266 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X RICHARD D SAUL 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 W SHAW MCDERMOTT 2.00 X 0 0 0 DR BARBARA P ROCKETT 2.00 X 0 0 0 DR DOLA HAMILTON STEMBERG 2.00 X 0 0 0 CHARLES HAYDOCK 2.00 X 0 0 0 ERNEST C ADAMS 2.00 X 0 0 0 DR DAVID S BROWN 2.00 X 0 0 0 WILLIAM J CLEARY JR 2.00 X 0 0 0 HONORABLE SANDRA HAMLIN 2.00 X 0 0 0 DR EDWARD M MAHONEY 2.00 X 0 0 0 DR VINCENT J MORGAN 2.00 X 0 0 0 INGRID MCDONOUGH 2.00 X 0 0 0 ANTHONY DINOVI 2.00 X 0 0 0 TODD VINCENT 40.00 X X 242980 0 41906 RICHARD SAUL 40.00 X X 175555 0 39197 ENDICOTT SALTONSTALL 40.00 X 168870 0 18004 DANIEL STEWART TUCKER 40.00 X 162360 0 36623 GEORGE WRIGHT 40.00 X 158030 0 36661 DANIEL DONATO 40.00 X 151460 0 33520 BENJAMIN PHINNEY 40.00 X 139080 0 29014 WILLIAM F PHINNEY 40.00 X 960418 0 24672 2158753 0 259597 8 1 1 0 SCHWARTZ HANNUM 11 CHESTNUT STREET 11 ANDOVER MA 01810 LEGAL SERVICES 113704 RUSSELL BRIER & CO LLP TEN POST OFFICE SQUARE SUITE 600 BOSTON MA 01290 AUDIT/ACCOUNTING 103000 2 1700980 29431 1700980 TUITION & FEES 611110 14285408 14285408 SOUTHFIELD OPERATIONS 611110 7173830 7173830 SUMMER PROGRAM 611110 1073036 1073036 ICE FACILITY FEES 611110 501477 501477 BRIARWOOD OPERATION 611110 344739 344739 213885 213885 23592375 682494 682494 3908777 3727266 836203 181511 -836203 -654692 -654692 ALLOWANCE FOR UNCOLLEC 611110 -11297 -11297 -11297 25309860 22926386 0 682494 3675753 3675753 10509905 8430129 1687532 392244 628242 498873 110546 18823 2363491 1759613 520788 83090 761403 604311 128861 28231 383058 383058 127563 127563 16812 2582 14230 1041786 844253 163237 34296 663260 297188 366072 29360 1848 27512 2103049 2103049 241215 67066 174149 BOND COSTS 1774166 1774166 CONTRACTED SERVICES 1138478 311829 716478 110171 UTILITIES 582784 197730 385054 INSTRUCTIONAL EXPENSES 566740 566740 964895 425592 483098 56205 27571960 17681659 9139729 750572 211500 35912 3057544 3057610 37825 651079 320888 219076 35393 36349 468723 662360 65780857 32779434 34998139 33001423 21907202 19990497 2889486 1856459 3721430 4574014 67648130 64084779 119848 74081 2473957 3287917 35750000 35750000 3824249 3054547 42168054 42166545 X 25380513 21321502 500000 99563 96732 25480076 21918234 67648130 64084779 X -2262100 -1299742 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 30480262 840250 -1411603 1010058 11297 28887554 29189126 54150 3779055 2543335 -1266 30480262 24813237 3426675 2151369 -1188151 -14004 29189126 26464518 254648 -3807432 1901103 400 24813237 0.97770 0.01870 0.00360 0 0 342130 358747 700877 3039357 47035567 21474442 28600482 82841 4466358 3213142 1336057 137823 9546683 8091850 1592656 771351 771351 33001423 ACCRUED INVESTMENT INCOME 55206 FACILITY PLANNING IN PROCESS 406657 ACCOUNTS RECEIVABLE - SOUTHFIELD SCHOOL 4006928 OTHER ASSETS 38086 OTHER RECEIVABLES 67137 4574014 ROXBURY LATIN SCHOOL CAPITAL CONTRIBUTION 131049 ACCRUED INTEREST PAYABLE 291322 CHARITABLE GIFT ANNUITY PAYABLE 14309 LINE OF CREDIT 2000000 POST RETIREMENT BENEFIT PAYABLE - CURRENT 617867 3054547 25309860 27571960 -2262100 -1299741 -1 -1299742 -3561842 21821006 -1299741 -3675753 -4975494 26796500 127563 -1614204 -1486641 25309859 23694800 0 23694800 127563 3749597 3877160 27571960 PART III, LINE 1A: THE SCHOOL HOLDS FINE ART AND COLLECTIBLES FOR DISPLAY AT THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN 2012 RETURNS AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. THE SCHOOL'S 2009 THROUGH 2011 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE -3,675,753. PART XII, LINE 4B - OTHER ADJUSTMENTS: NONOPERATING REVENUE -1,614,206. NONOPERATING REALIZED GAINS NONOPERATING SHORT-TERM INVESTMENT INCOME FINANCIAL AID LOSS ON DISPOSAL OF ASSETS ROUNDING 2. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 3,675,753. DEFERRED COMPENSATION EXPENSE 73,842. ROUNDING 2. 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 DEXTER SCHOOL PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY ANNUALLY IN THE BOSTON GLOBE, WHICH OCCURRED ON DECEMBER 4TH, 2011. IN THE 2012 FISCAL YEAR, IT WAS PUBLISHED IN CONJUNCTION WITH A GROUP ADVERTISEMENT COORDINATED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 132 3675753 X 0 0 X X 0 0 0 0 0 0 0 0 0 TODD VINCENT 212500 0 0 0 30480 0 21250 0 20656 0 284886 0 0 0 RICHARD SAUL 175555 0 0 0 0 0 17556 0 21641 0 214752 0 0 0 ENDICOTT SALTONSTALL 168870 0 0 0 0 0 8444 0 9560 0 186874 0 0 0 DANIEL STEWART TUCKER 162360 0 0 0 0 0 16226 0 20397 0 198983 0 0 0 GEORGE WRIGHT 137990 0 0 0 20040 0 13689 0 22972 0 194691 0 0 0 DANIEL DONATO 151460 0 0 0 0 0 12880 0 20640 0 184980 0 0 0 BENJAMIN PHINNEY 139080 0 0 0 0 0 9277 0 19737 0 168094 0 0 0 WILLIAM F PHINNEY 960418 0 0 0 0 0 15500 0 9172 0 985090 0 0 0 PART I, LINE 1A HEADMASTER TODD VINCENT LIVES IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. GEORGE WRIGHT LIVES IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. FORMER HEADMASTER WILLIAM PHINNEY LIVED IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. MASS DEVELOPMENT FINANCE AGENCY 57583RQL2 2007-08-02 1100000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQM0 2007-08-02 1150000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQN8 2007-08-02 1210000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQP3 2007-08-02 1275000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQQ1 2007-08-02 1330000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQR9 2007-08-02 1400000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQS7 2009-08-02 1465000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQT5 2009-08-02 1540000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQU2 2009-08-02 1600000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQV0 2009-08-02 1680000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQW8 2009-08-02 3000000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQE8 2009-08-02 8000000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 57583RQX6 2009-08-02 11000000 MASSACHUSETTS DEVELOPMENT FINANCE AGY (MDFA) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BENJAMIN PHINNEY FAMILY MEMBER OF TRUSTEE AND FORMER HEADMASTER 167610 EMPLOYEE OF THE SCHOOL 0 PERRY PHINNEY FAMILY MEMBER OF TRUSTEE AND FORMER HEADMASTER 133784 EMPLOYEE OF THE SCHOOL 0 CYNTHIA SAUL FAMILY MEMBER OF BUSINESS MANAGER 3933 SEASONAL EMPLOYEE IN THE SUMMER CAMP PROGRAM 0 ROBERT PHINNEY FAMILY MEMBER OF TRUSTEE AND FORMER HEADMASTER 138966 EMPLOYEE OF THE SCHOOL 0 X 6 29431 FMV ON DATE OF GIFT 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B 39. MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT AND TREASURER OF THE CORPORATION REVIEW THE FORM 990 PRIOR TO SUBMITTAL, AND THE FORM IS AVAILABLE FOR REVIEW FOR THOSE DESIRING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL COMPARED DATA FROM SURROUNDING PRIVATE SCHOOLS TO DETERMINE ADEQUATE AND COMPETITIVE COMPENSATION FOR THE INCOMING HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS ARE AVAILABLE AT THE COMMONWEALTH OF MASSACHUSETTS DIVISION OF CORPORATION THE CONFLICT OF INTEREST POLICY IS FURNISHED UPON REQUEST THE FINANCIAL STATEMENTS ARE FURNISHED UPON REQUEST, LOCATED ON GUIDESTAR, AND AVAILABLE FOR VIEWING AT THE COMMONWEALTH'S DIVISION OF CHARITIES CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,299,741. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -1,299,742. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR SOUTHFIELD SCHOOL 20 NEWTON STREET BROOKLINE MA 02445 043134986 ELEMENTARY THROUGH HIGH SCHOOL FOR GIRLS - PRE-KINDERGARTEN TO GRADE TWELVE MA 501(C)(3) 170(B)(1)(A)(II) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 SOUTHFIELD SCHOOL N 2808679 ALLOCATION SOUTHFIELD SCHOOL P 4365151 ALLOCATION