2012-12-12T11:35:55-06:00 2012-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2011-07-01 042506944 TENACRE COUNTRY DAY SCHOOL CORPORATION TENA 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 MCGLADREY LLP 7812352282 2012-12-12 1 LYNNE JOHNSON P00757336 6179129000 2011 2016-02-24 21:20:13Z TENACRE COUNTRY DAY SCHOOL CHRISTIAN B ELLIOT 78 BENVENUE STREET WELLESLEY MA 02482 7380997 0 X WWW.TENACRECDS.ORG X 1972 MA TENACRE COUNTRY DAY SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 192 STUDENTS ENROLLED THIS YEAR 2010-2011. TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. 24 23 186 180 0 0 1237402 593637 5471898 5794907 459653 132197 82260 70299 7251213 6591040 618076 618962 0 0 4579538 4766679 0 0 265247 1680088 1672983 6877702 7058624 373511 -467584 23502347 22986996 2582396 2534629 20919951 20452367 X TENACRE COUNTRY DAY SCHOOL NURTURES AND CHALLENGES EACH CHILD, EVERY DAY. TENACRE COUNTRY DAY SCHOOL, A SMALL, COEDUCATIONAL, INDEPENDENT SCHOOL FOR CHILDREN IN PRE-KINDERGARTEN THROUGH GRADE SIX, IS COMMITTED TO:PROVIDING A THOROUGH ACADEMIC PREPARATION FOR STUDENTS THROUGH A WELL-DEFINED PROGRAM THAT FOSTERS A LOVE OF LEARNING AND THINKING, THE CONFIDENCE TO TAKE RISKS, AND THE COMMITMENT TO EFFORT. ENCOURAGING THE SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL DEVELOPMENT OF STUDENTS TO NURTURE THE GROWTH OF INDIVIDUAL CHARACTER. PROMOTING A DIVERSE AND INCLUSIVE ENVIRONMENT AND COMMUNITY, WHICH ENGENDERS A RESPECT FOR THE SIMILARITIES AND DIFFERENCES OF ALL PEOPLE. AS A SCHOOL DEDICATED TO PROVIDING AN ELEMENTARY EDUCATION, TENACRE VALUES THE IMPORTANCE OF TEAM TEACHING, THE STRONG PARTNERSHIP BETWEEN PARENTS AND STAFF, AND THE MEANINGFUL PARTICIPATION OF EACH CHILD IN DAILY SCHOOL LIFE. 0 0 4363996 593010 4801704 TENACRE COUNTRY DAY SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 192 STUDENTS ENROLLED DURING THE 2011-2012 SCHOOL YEAR. 669157 841689 TENACRE OPERATES INSTRUCTIONAL SUMMER DAY PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. SUMMER PROGRAMS PROVIDE INSTRUCTION IN ARTS, CRAFTS, MUSIC, SWIMMING, AND OTHER SPORTS AND ACTIVITIES. 92703 25952 122800 TENACRE PROVIDES AFTER SCHOOL FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. AFTER SCHOOL PROGRAMS PROVIDE INSTRUCTION AND DEVELOPMENT TO STUDENTS OUTSIDE THE COURSE OF THE TRADITIONAL SCHOOL DAY. THERE WERE APPROXIMATELY 20-25 STUDENTS ENROLLED DAILY THIS YEAR. 199979 199979 5325835 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 11 0 186 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X ROD FLETCHER 7812352282 78 BENVENUE STREET WELLESLEY MA 02482 CHRISTIAN B ELLIOT 40.00 X X 243433 0 77134 C JEFFERY GROGAN 1.00 X 0 0 0 CYNTHIA LAWRY 1.00 X 0 0 0 D JARRETT COLLINS 1.00 X X 0 0 0 DEBORAH PASCULANO 1.00 X 0 0 0 ELEANOR FRECHETTE 1.00 X 0 0 0 J STUART ABLON PHD 1.00 X 0 0 0 ROGER FORMAN 1.00 X 0 0 0 LAURENCE P CHASE 1.00 X 0 0 0 MARK ROBINSON 1.00 X 0 0 0 MARY H DUNNE 1.00 X 0 0 0 PETER ROSENBERG 1.00 X 0 0 0 RACHEL ROCK 1.00 X 0 0 0 STEPHEN B KISTNER 1.00 X X 0 0 0 STEVEN PATRICK 1.00 X 0 0 0 TINA L WANG DMD 1.00 X 0 0 0 WARREN CROSS JR 1.00 X 0 0 0 WILLIAM G FOLEY 1.00 X 0 0 0 JENNIFER CARLSON-PIETRASZEK 1.00 X 0 0 0 ELIZABETH CLARKE 1.00 X 0 0 0 MARC COSTANTINI 1.00 X 0 0 0 GWYNETH LOUD 1.00 X 0 0 0 THOMAS P OLVERSON 1.00 X 0 0 0 JENNIFER G SKOLER 1.00 X 0 0 0 LOUANNE COLLINS 40.00 X 96646 0 23600 ROD FLETCHER 32.00 X 107271 0 20308 447350 0 121042 2 0 1 0 LUSSIER CORP 193 OAK STREET NATICK MA 017601306 CONTRACTOR FIELD CONSTRUCTION 153580 1 3229 590408 30428 593637 TUITION 611600 4795675 4795675 SUMMER PROGRAMS 611710 841689 841689 AFTER SCHOOL PROGRAMS 611710 122800 122800 AUXILIARY ACTIVITIES 900099 34218 34218 ACTIVITY INCOME 900099 525 525 5794907 293729 293729 39740 0 39740 39740 39740 583000 744532 -161532 -161532 -161532 36712 3229 36712 0 1825 2096 -271 -271 1218 6617 -5399 -5399 MISCELLANEOUS INCOME 900099 36229 36229 36229 6591040 5831136 0 166267 618962 618962 3848742 2789316 865479 193947 276117 188326 75342 12449 374033 271751 93784 8498 267787 198456 54906 14425 710 710 29399 29399 76701 46298 30403 19641 7255 12386 59031 49149 9882 203290 174490 28800 67149 6580 53300 7269 358004 313476 44528 27183 27183 EQUIPMENT RENTAL 229685 196285 33400 SUPPLIES 198244 149684 48560 MISC SCHOOL ACTIVITIES 155088 143604 4445 7039 ADMISSION DEPARTMENT 139265 73174 45369 20722 109593 99029 9666 898 7058624 5325835 1467542 265247 206928 206408 989094 997104 172766 58750 77776 81569 325184 342997 10433527 5108826 5416278 5324701 16065321 15726467 249000 249000 23502347 22986996 655673 676198 1926723 1858431 2582396 2534629 X 18483874 18167414 990264 830090 1445813 1454863 20919951 20452367 23502347 22986996 -467584 0 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 175 175 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE SCHOOL IS A DUES PAYING MEMBER ($175/YEAR) OF THE MA ASSOCIATION OF NON PROFIT SCHOOLS AND COLLEGES WHICH ADVOCATE'S FOR SCHOOLS WITH RESPECT TO LEGISLATION. 16101837 9050 -263010 15847877 13556154 18646 2527037 16101837 12223627 496791 835736 13556154 13178902 171401 -1091368 35308 12223627 0.88760 0.09180 0.02060 0 0 113636 113636 9063049 4091433 4971616 1256842 1017393 239449 5324701 6591040 7058624 -467584 -467584 6017503 -618962 -618962 6636465 -45425 -45425 6591040 6485087 45425 45425 6439662 618962 618962 7058624 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY PURPOSE OF THE UNRESTRICTED ENDOWMENT FUND IS TO SEEK MAXIMUM TOTAL RETURN WITH AN ACCEPTABLE LEVEL OF RISK THROUGH INVESTMENT IN A DIVERSIFIED PORTFOLIO. UNDER ORDINARY CIRCUMSTANCES, THE SCHOOL WILL SPEND NO MORE THAN 4.5% OF THE AVERAGE QUARTER END VALUES OF THE ENDOWMENT FOR THE PAST TWELVE QUARTERS AT DECEMEBER 31 OF THE PRIOR YEAR. IT IS THE INTENT NOT TO INVADE PRINCIPAL, EXCEPT TO MEET THE ANNUAL SPENDING RATE, AS AUTHORIZED BY THE TRUSTEES. TENACRE SEEKS TO BUILD ENDOWMENT INCOME TO CONTRIBUTE TO THE OPERATING BUDGET AND MITIGATE ESCALATING OPERATING COSTS. THE GOALS ARE TO SUPPORT THE SCHOOL'S ANNUAL OPERATING BUDGET, TO KEEP TUITION INCREASES REASONABLE AND SUPPORT STAFF SALARY AND BENEFIT INCREASES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL FOLLOWS FASB GUIDANCE, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS -593,010. AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE -25,952. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B -36,712. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B -2,096. COST OF GOODS SOLD INCLUDED ON FORM 990, PART VIII, LINE 10B -6,617. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE INCLUDED ON FORM 990, PART VIII, LINE 8B 36,712. GAMING ACTIVITIES DIRECT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 9B 2,096. COST OF GOODS SOLD INCLUDED ON FORM 990, PART VIII, LINE 10B 6,617. PART XIII, LINE 4B - OTHER ADJUSTMENTS: AFTER SCHOOL PROGRAM STUDENT AID NETTED WITH REVENUE 25,952. STUDENT AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 593,010. 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 THE SCHOOL'S POLICY IS DOCUMENTED ON THE FIRST PAGE OF ITS PROMOTIONAL BROCHURE. IN ADDITION, AN ADVERTISEMENT IS PLACED EACH YEAR IN THE BOSTON GLOBE NEWSPAPER IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. ORCHARDFEST FAIR 39941 3229 36712 36712 39941 3229 36712 36712 36712 0 1 FINANCIAL AID 26 475009 TUITION REMISSION 8 143953 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TENACRE TUITION ASSISTANCE RECIPIENTS MUST FILL OUT THE SCHOOL AND STUDENT SERVICE (SSS) PARENT FINANCIAL STATEMENT (PFS) ANNUALLY. EVERY EFFORT WILL BE MADE TO MEET THE NEEDS OF TENACRE FAMILIES CURRENTLY RECEIVING ASSISTANCE, PROVIDING: 1. ALL NECESSARY FORMS ARE SUBMITTED IN A TIMELY FASHION, 2. STUDENTS REMAIN IN GOOD ACADEMIC STANDING, 3. ALL TUITION PAYMENTS ARE CURRENT, OR SATISFACTORY PAYMENT ARRANGEMENTS HAVE BEEN MADE. TUITION ASSISTANCE AT TENACRE IS BASED ON FINANCIAL NEED ONLY. THE COMMITTEE USES THE SSS AS A GUIDELINE IN OUR DECISIONS. TENACRE HAS A FIXED AMOUNT OF FUNDING AVAILABLE EACH YEAR FOR TUITION ASSISTANCE, AND THEREFORE, IN A GIVEN YEAR, MAY BE UNABLE TO MEET A FAMILY'S TOTAL NEED, ALTHOUGH IT IS OUR POLICY TO CONTINUE FUNDING FAMILIES WITH STUDENTS CURRENTLY ENROLLED UNLESS THERE IS A SIGNIFICANT CHANGE IN NEED. THE TUITION ASSISTANCE COMMITTEE INCLUDES THE HEAD OF SCHOOL, THE BUSINESS MANAGER AND THE DIRECTOR OF ADMISSION AND TUITION ASSISTANCE. WE RESERVE THE RIGHT TO REQUEST ADDITIONAL INFORMATION FROM FAMILIES IN ORDER TO EVALUATE THEIR FINANCIAL NEEDS MORE EFFECTIVELY. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTIAN B ELLIOT 243433 0 0 0 0 0 24500 0 52634 0 320567 0 0 0 38345 FINANCIAL AID X 10 30428 STOCK SALE PRICE, NET 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS OF STOCK RECEIVED AND NOT THE NUMBER OF ACTUAL SHARES RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE FINANCE COMMITTEE. FOLLOWING THESE REVIEWS, A PUBLIC DISCLOSURE COPY OF THE FINAL DRAFT FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE SCHOOL CIRCULATES AND COLLECTS SIGNED CONFLICT OF INTEREST POLICIES FROM EACH MEMBER OF THE BOARD OF TRUSTEES. ANY ISSUES THAT ARISE ARE DISCUSSED AND APPROVED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH INCLUDES THE BOARD PRESIDENT, TREASURER AND BENEFITS COMMITTEE CHAIR. THE COMPENSATION COMMITTEE OF THE TENACRE COUNTRY DAY SCHOOL BOARD OF TRUSTEES CONSISTS OF D. JARRETT COLLINS (CHAIR & BOARD PRESIDENT), PAUL GOODOF, STEPHEN KISTNER (TREASURER), MARK ROBINSON AND PETER ROSENBERG (BENEFITS CHAIR). DURING THE SPRING OF 2010-2011 SCHOOL YEAR THE COMPENSATION COMMITTEE OF THE TENACRE BOARD OF TRUSTEES MET TELEPHONICALLY FOR THE SOLE PURPOSE TO CONSIDER COMPENSATION FOR THE HEAD OF SCHOOL FOR 2011-2012. AS A RESULT OF THOSE DISCUSSIONS IT WAS AGREED BY CONSENSUS TO GRANT THE SAME 3% SALARY INCREASE FOR THE HEAD OF SCHOOL AS HAD BEEN APPROVED BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES FOR THE FACULTY AS PART OF THE 2012 BUDGET APPROVAL PROCESS. 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. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.