NATIVITY SCHOOL OF WORCESTER INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIVITY SCHOOL OF WORCESTER INC (EIN 03-0385377)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-02-28
- IRS object ID
- 202510599349300611
- Schema version
- 2023v6.0
- 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 G
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-28T07:50:33-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043037870 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030385377 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIVITY SCHOOL OF WORCESTER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 5087990100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 67 LINCOLN STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01605 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS MCKENNEY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5087990100 | PhoneNum |
| Signature | 2025-02-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES M JOHNSTON JR | PreparerPersonNm |
| PTIN | P02149189 | PTIN |
| Phone | 5087557107 | PhoneNum |
| Preparation | 2025-02-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS MCKENNEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 67 LINCOLN STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01605 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,917,493 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | NATIVITYWORCESTER.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE SCHOOL EXISTS TO OFFER HIGH QUALITY EDUCATION TO BOYS FROM CHALLENGING CIRCUMSTANCES. IN A STRUCTED AND CARING ENVIRONMENT EACH "NATIVITY MAN" IS ENCOURAGED TO LEARN TO SERVE AND GROW TO THE BEST OF HIS ABILITY THROUGH THE SCHOOL'S FOUR PILLARS OF STRENGTH, SCHOLARSHIP, CHARACTER AND SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 85 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,429,402 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,977,471 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,531 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $850 | CYProgramServiceRevenueAmt |
| PY Investment Income | $425,421 | PYInvestmentIncomeAmt |
| CY Investment Income | $856,576 | CYInvestmentIncomeAmt |
| PY Other Revenue | $11,339 | PYOtherRevenueAmt |
| CY Other Revenue | -$31,703 | CYOtherRevenueAmt |
| PY Total Revenue | $12,867,693 | PYTotalRevenueAmt |
| CY Total Revenue | $5,803,194 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $93,511 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $126,207 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,506,100 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,558,315 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $403,841 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $918,986 | PYOtherExpensesAmt |
| CY Other Expenses | $899,362 | CYOtherExpensesAmt |
| PY Total Expenses | $2,518,597 | PYTotalExpensesAmt |
| CY Total Expenses | $2,583,884 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,349,096 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,219,310 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $25,147,795 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,099,398 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $65,242 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $121,988 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $25,082,553 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $28,977,410 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SCHOOL EXISTS TO OFFER HIGH QUALITY EDUCATION TO BOYS FROM CHALLENGING CIRCUMSTANCES. IN A STRUCTURED AND CARING ENVIRONMENT EACH "NATIVITY MAN" IS ENCOURAGED TO LEARN, TO SERVE AND TO GROW TO THE BEST OF HIS ABILITY THROUGH THE SCHOOL'S FOUR PILLARS OF STRENGTH, SCHOLARSHIP, CHARACTER AND SERVICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,452,137 | ExpenseAmt |
| Desc | COMPREHENSIVE MIDDLE SCHOOL EDUCATION FOR BOYS FROM ECONOMICALLY DISADVANTAGED HOUSEHOLDS, INCLUDING EXTENDED DAY, EXTENDED YEAR, SMALL CLASS SIZES, TUTORING, SCHOOL SUPPLIES AND UNIFORMS, SUMMER CAMP WITH LEADERSHIP OPPORTUNITIES, MEALS, AND SOCIAL-EMOTIONAL SUPPORT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $304,911 | ExpenseAmt |
| Grant | $126,207 | GrantAmt |
| Desc | THE SCHOOL ALSO PROVIDES A COMPREHENSIVE SUPPORT PROGRAM FOR GRADUATES OF THE MIDDLE SCHOOL DURING THEIR HIGH SCHOOL AND COLLEGE YEARS, PROVIDING SCHOLARSHIP FUNDS FOR THEM TO ATTEND PRIVATE HIGH SCHOOLS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,757,048 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS MCKENNEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5087990100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 67 LINCOLN STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01605 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| MATTHEW BRUNELL | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KATHLEEN HERRMAN PSY D | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NICOLYN KEVILLE | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| WILLIAM CONDRON | ||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SEAN MCGRATH | ||||||
| EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET FLORENTINE | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| REV WILLIAM REISER SJ | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VERONICA LISTERUD | ||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| WINIFRED OCTAVE | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CAROLYN STEMPLER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PAMELA MASSAD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JANE MOSAKOWSKI | ||||||
| EMERITA | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEPHEN O'BRIEN | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VINCENT F O'ROURKE | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CANDACE RACE | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PATTY PETERLEITNER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACOB VAZQEUZ | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REV ANDREW GARAVEL SJ | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GEORGE TETLER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL TSOTSIS | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES WEISS PHD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS MCKENNEY | ||||||
| PRESIDENT | 40.00 | Yes (X) | $147,300 | $0 | $13,113 | Yes (X) |
| THOMAS CLARKE | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DERVIN HYLTON | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PATRICK JONES | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH DELIBERTO | ||||||
| VICE PRESIDENT | 40.00 | $106,890 | $0 | $11,370 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $254,190 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $24,483 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $544,348 | FundraisingAmt |
| All Other Contributions | $4,433,123 | AllOtherContributionsAmt |
| Total Contributions | $4,977,471 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARENTAL ACTIVITY FEE | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $850 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $850 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $850 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $663,174 | TotalRevenueColumnAmt |
| Exclusion | $663,174 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,248,137 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,054,735 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $193,402 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $193,402 | TotalRevenueColumnAmt |
| Exclusion | $193,402 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $5,652 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $544,348 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $59,564 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$53,912 | TotalRevenueColumnAmt |
| Exclusion | -$53,912 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $22,209 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,209 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $22,209 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,803,194 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,059 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $802,664 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,207 | TotalAmt |
| Program Services | $126,207 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,269,437 | TotalAmt |
| Program Services | $789,133 | ProgramServicesAmt |
| Management And General | $283,613 | ManagementAndGeneralAmt |
| Fundraising | $196,691 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,193 | TotalAmt |
| Program Services | $6,849 | ProgramServicesAmt |
| Management And General | $651 | ManagementAndGeneralAmt |
| Fundraising | $4,693 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,371 | TotalAmt |
| Program Services | $128,019 | ProgramServicesAmt |
| Management And General | $26,454 | ManagementAndGeneralAmt |
| Fundraising | $17,898 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,314 | TotalAmt |
| Program Services | $67,737 | ProgramServicesAmt |
| Management And General | $19,892 | ManagementAndGeneralAmt |
| Fundraising | $16,685 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,508 | TotalAmt |
| Management And General | $9,508 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,249 | TotalAmt |
| Management And General | $22,249 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $825 | TotalAmt |
| Management And General | $825 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,225 | TotalAmt |
| Program Services | $14,225 | ProgramServicesAmt |
| Fundraising | $6,000 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,914 | TotalAmt |
| Management And General | $2,914 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,574 | TotalAmt |
| Program Services | $55,892 | ProgramServicesAmt |
| Management And General | $4,018 | ManagementAndGeneralAmt |
| Fundraising | $61,664 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,871 | TotalAmt |
| Program Services | $48,664 | ProgramServicesAmt |
| Management And General | $799 | ManagementAndGeneralAmt |
| Fundraising | $5,408 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,946 | TotalAmt |
| Program Services | $87,589 | ProgramServicesAmt |
| Management And General | $2,465 | ManagementAndGeneralAmt |
| Fundraising | $892 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,511 | TotalAmt |
| Program Services | $18,733 | ProgramServicesAmt |
| Management And General | $1,773 | ManagementAndGeneralAmt |
| Fundraising | $5 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,629 | TotalAmt |
| Program Services | $134,260 | ProgramServicesAmt |
| Management And General | $21,653 | ManagementAndGeneralAmt |
| Fundraising | $716 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,841 | TotalAmt |
| Program Services | $45,071 | ProgramServicesAmt |
| Management And General | $3,709 | ManagementAndGeneralAmt |
| Fundraising | $61 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OTHER | $179,694 | $86,401 | $16,340 | $76,953 |
| REPAIRS AND MAINTENANCE | $87,213 | $85,311 | $1,447 | $455 |
| FOOD AND FUNCTIONS | $63,328 | $42,923 | $4,685 | $15,720 |
| SUMMER CAMP & FIELD TRI | $20,034 | $20,034 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,583,884 | TotalAmt |
| Program Services | $1,757,048 | ProgramServicesAmt |
| Management And General | $422,995 | ManagementAndGeneralAmt |
| Fundraising | $403,841 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,937,593 | BOYAmt |
| EOY | $664,904 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,959,120 | BOYAmt |
| EOY | $6,809,704 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,417,347 | BOYAmt |
| EOY | $7,077,178 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,683 | BOYAmt |
| EOY | $20,315 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,439,817 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,867,545 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,727,726 | BOYAmt |
| EOY | $1,572,272 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,791,879 | BOYAmt |
| EOY | $12,668,028 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,447 | BOYAmt |
| EOY | $286,997 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,147,795 | BOYAmt |
| EOY | $29,099,398 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,242 | BOYAmt |
| EOY | $121,988 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,242 | BOYAmt |
| EOY | $121,988 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,041,723 | BOYAmt |
| EOY | $8,717,500 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,040,830 | BOYAmt |
| EOY | $20,259,910 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,082,553 | BOYAmt |
| EOY | $28,977,410 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,147,795 | BOYAmt |
| EOY | $29,099,398 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,219,310 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $699,614 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$24,067 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,700,385 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,264,876 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,443,158 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,429,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,983,123 | CurrentTaxYearAmt |
| Total | $27,820,944 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,700,385 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,264,876 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,443,158 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,429,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,983,123 | CurrentTaxYearAmt |
| Total | $27,820,944 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,436,554 | SubstantialContributorsTotAmt |
| Public Support Total170 | $22,384,390 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $311,114 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $130,647 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $142,029 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $360,574 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $663,174 | CurrentTaxYearAmt |
| Total | $1,607,538 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $29,428,482 | TotalSupportAmt |
| Public Support CY170 | 0.76060 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76730 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,046,006 | BeginningYearBalanceAmt |
| Contributions | $643,811 | ContributionsAmt |
| Investment Earnings Or Losses | $1,171,473 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $296,787 | OtherExpendituresAmt |
| End Year Balance | $10,564,503 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,544,279 | BeginningYearBalanceAmt |
| Contributions | $1,020,001 | ContributionsAmt |
| Investment Earnings Or Losses | $773,513 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $291,787 | OtherExpendituresAmt |
| End Year Balance | $9,046,006 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,688,409 | BeginningYearBalanceAmt |
| Contributions | $434,420 | ContributionsAmt |
| Investment Earnings Or Losses | -$397,591 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $180,959 | OtherExpendituresAmt |
| End Year Balance | $7,544,279 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,652,834 | BeginningYearBalanceAmt |
| Contributions | $1,972,824 | ContributionsAmt |
| Investment Earnings Or Losses | $1,237,010 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $173,261 | OtherExpendituresAmt |
| Administrative Expenses | $998 | AdministrativeExpensesAmt |
| End Year Balance | $7,688,409 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,370,761 | BeginningYearBalanceAmt |
| Contributions | $326,528 | ContributionsAmt |
| Investment Earnings Or Losses | $52,965 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $97,420 | OtherExpendituresAmt |
| End Year Balance | $4,652,834 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.20810 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.79190 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $234,000 | OtherCostOrOtherBasisAmt |
| Book Value | $234,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,833,867 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,558,792 | DepreciationAmt |
| Book Value | $1,275,075 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $371,950 | OtherCostOrOtherBasisAmt |
| Depreciation | $308,753 | DepreciationAmt |
| Book Value | $63,197 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,572,272 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $6,537,480 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $699,614 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $35,497 | OtherRevenueAmt |
| Revenue Not Reported | $735,111 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,802,369 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $825 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $825 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,803,194 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,642,623 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $59,564 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $59,564 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,583,059 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $825 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $825 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,583,884 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENT CONSISTS OF TEN INDIVIDUAL FUNDS (COLLECTIVELY THE "EDUCATIONAL ENDOWMENT FUND") AND THE FLAHERTY FUND ESTABLISHED FOR A VARIETY OF PURPOSES THROUGH DONOR RESTRICTED ENDOWMENT FUNDS, AS WELL AS THE BOARD DESIGNATED FUNDS WHICH HAS BEEN DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE EDUCATIONAL ENDOWMENT FUND PROVIDES A CONSISTENT LEVEL OF BUDGETARY SUPPORT TO THE SCHOOL'S EDUCATIONAL MISSION. THE FLAHERTY FUND PROVIDES GRAD SUPPORT. GIVEN THE GOALS OF THE FUNDS, EARNING SUFFICIENT LONG-TERM RETURNS TO OFFSET THE IMPACT OF WITHDRAWALS AND INFLATION ARE OF PRIMARY IMPORTANCE, WHILE REDUCING VOLATILITY AND LIQUIDITY RISKS ARE OF SECONDARY CONSIDERATION. THE BOARD DESIGNATED FUND IS AN UNRESTRICTED FUND WHICH THE SCHOOL'S BOARD OF TRUSTEES WILL HAVE BROAD DISCRETION OVER EXPENDITURES. PRIMARY USES OF THIS FUND WILL INCLUDE, BUT ARE NOT LIMITED TO, ASSET REPAIR OR REPLACEMENT SHORTFALLS IN DONATIONS RELATIVE TO THE OPERATING BUDGET, AND TEMPORARY FINANCIAL SUPPORT OF THE SCHOOL'S GRADUATES WHO ARE IN HIGH SCHOOL OR COLLEGE. THE BOARD OF TRUSTEES MUST APPROVE THE EXPENDITURES. GIVEN THE LIKELY UNPREDICTABLE AMOUNTS OF FUNDS WITHDRAWN FROM THIS FUND, CONSIDERATIONS OF RETURN, VOLATILITY RISK AND LIQUIDITY RELATED TO THE FUND ARE BALANCED CAREFULLY. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE SCHOOL CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE SCHOOL MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE SCHOOL; AND THE INVESTMENT POLICIES OF THE SCHOOL. THE INVESTMENT OBJECTIVE OF THE SCHOOL IS TO INVEST ITS ASSETS IN A PRUDENT MANNER TO ACHIEVE A LONG-TERM RATE OF RETURN SUFFICIENT TO REDUCE THE RISK OF POTENTIAL ADVERSE CONSEQUENCES RESULTING FROM UNANTICIPATED DONATION SHORTFALLS OR MAJOR CAPITAL EXPENSES. IN SEEKING ADEQUATE RETURNS TO ACHIEVE THESE GOALS, THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES WILL TAKE INTO ACCOUNT AND MODERATE THE VARIOUS MEASURES OF RISK INCLUDING BUT NOT LIMITED TO LIQUIDITY AND VOLATILITY. RISK WILL BE MEASURED ON THE TOTAL PORTFOLIO AND NOT ON INDIVIDUAL COMPONENTS AND SHOULD BE IN LINE WITH THE OBJECTIVES OF THE ENDOWMENT AND ITS EXPECTED RATE OF RETURN. THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION, AS NEEDED, AMOUNTS FOR THE PURPOSE OF SCHOLARSHIPS AND FINANCIAL AID, SPECIAL PROGRAMS, CAPITAL IMPROVEMENTS, AND ACADEMIC AND ATHLETIC SUPPORT PROGRAMS. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE SCHOOL TO RETAIN AS A FUND OF PERPETUAL DURATION. SUCH DEFICIENCIES AMOUNT TO $23,701 AS OF JUNE 30, 2024, WITH AN ORIGINAL GIFT VALUE OF $95,470 |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 11,550. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -35,617. SPECIAL EVENT EXPENSES 59,564. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 59,564. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATION POLICY IN ITS APPLICATION. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNIVERSARY GALA | Event1Nm |
| Gross Receipts Event1 | $550,000 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $544,348 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $5,652 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $59,564 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $550,000 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $544,348 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $5,652 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $59,564 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $59,564 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$53,912 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS TO ATTEND HIGH SCHOOL | GrantTypeTxt |
| Recipient | 64 | RecipientCnt |
| Cash Grant | $126,207 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS MCKENNEY | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $132,300 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $15,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $3,874 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $9,239 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $160,413 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7B | AS DESCRIBED IN THE BY-LAWS CERTAIN ACTIONS OF THE BOARD REQUIRE APPROVAL AND CONSENT OF THE PROVINCIAL OF THE USA EAST PROVINCE OF THE SOCIETY OF JESUS AS FOLLOWS: APPOINTMENT OR REMOVAL OF THE PRESIDENT OR PRINCIPAL; MAJOR CHANGES TO THE EDUCATIONAL POLICIES AND PROGRAMS; CONSTRUCTION OR MAJOR RENOVATIONS OF THE FACILITIES; SALES PURCHASE OR LEASE OF LAND OR BUILDING; INCURRING DEBT OR PLEDGING OF PROPERTY. |
| FORM 990, PART VI, SECTION B, LINE 11B | REVIEWED AND VOTED UPON AT QUARTERLY MEETING OF ORGANIZATION'S TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD ANNUALLY MONITORS AND REVIEWS ANY CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | REVIEWED AND VOTED UPON AT QUARTERLY MEETING OF ORGANIZATION'S TRUSTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE TAX RETURNS AND FORM 1023 AS WELL AS OTHER ORGANIZING DOCUMENTS ARE AVALIABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 11,550. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -35,617. |
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