FALMOUTH ACADEMY INCORPORATED: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FALMOUTH ACADEMY INCORPORATED (EIN 04-2620156)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-21
- IRS object ID
- 201103259349301000
- Schema version
- 2010v3.4
- 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 L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-21T14:26:50-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET 12TH FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042620156 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FALMOUTH ACADEMY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FALM | NameControl |
| Phone | 5084579696 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 HIGHFIELD DRIVE | AddressLine1 |
| City | FALMOUTH | City |
| State | MA | State |
| ZIP Code | 025402345 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT M REYNOLDS | Name |
| Title | TREASURER | Title |
| Phone | 5084579696 | Phone |
| Date Signed | 2011-10-24 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWARD C NICKLES | Name |
| Phone | 6177539985 | Phone |
| Date Prepared | 2011-10-24 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT M REYNOLDS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 HIGHFIELD DRIVE | AddressLine1 |
| City | FALMOUTH | City |
| State | MA | State |
| ZIP Code | 025402345 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6577630 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | FALMOUTHACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1977 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | FALMOUTH ACADEMY, INC. IS A COLLEGE PREPATORY SCHOOL FOR THE EDUCATION OF STUDENTS ENROLLED IN GRADES 7 THROUGH 12. 188 STUDENTS WERE ENROLLED DURING THE YEAR OF WHICH 36 SENIORS GRADUATED IN JUNE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 109 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1418016 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1350120 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4564953 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4459428 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 177856 | InvestmentIncomePriorYear |
| Investment Income Current Year | 150731 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 78666 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6160825 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6038945 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1021297 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1071099 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3208165 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3181144 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 57623 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 44614 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 194473 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1026164 | OtherExpensePriorYear |
| Other Expenses Current Year | 1080332 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5313249 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5377189 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 847576 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 661756 | RevenuesLessExpensesCY |
| Total Assets BOY | 15024210 | TotalAssetsBOY |
| Total Assets EOY | 15579592 | TotalAssetsEOY |
| Total Liabilities BOY | 1460691 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1561066 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13563519 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14018526 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | FALMOUTH ACADEMY, INC., AN ACADEMICALLY RIGOROUS, COED, COLLEGE-PREPARATORY DAY SCHOOL FOR GRADES 7 - 12, IS GUIDED BY TEACHERS WHO BELIEVE THAT STUDENTS WILLING TO WORK HARD CAN MEET THE DEMANDS OF A CHALLENGING CORE CURRICULUM. ESSENTIAL TO TEACHING IS THE CULTIVATION OF READING, WRITING, AND SPEAKING SKILLS, AND ANALYTICAL AND CRITICAL THINKING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4016970 | Expense |
| Grants | 1027192 | Grants |
| Revenue | 4610159 | Revenue |
| Description | THE ACADEMY'S MAIN PROGRAM SERVICE IS THE EDUCATION OF STUDENTS ENROLLED IN GRADES 7 THROUGH 12. DURING THE CURRENT YEAR THE ACADEMY HAD ENROLLED 188 STUDENTS, OF WHICH 36 WERE SENIORS WHO GRADUATED IN JUNE. | Description |
| Total Program Service Expense | 4016970 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | 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 | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | 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 | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | 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 | 78 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 109 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| 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 | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | 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 | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | 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 | MR DAVID FAUS HEADMASTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5084579696 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 HIGHFIELD DRIVE | AddressLine1 |
| City | FALMOUTH | City |
| State | MA | State |
| ZIP Code | 025402345 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| SUSAN G MORSE | |||||||
| BOARD CHAIR | 2.60 | X | X | 0 | 0 | 0 | |
| ROBERT M REYNOLDS | |||||||
| TREASURER | 2.60 | X | X | 0 | 0 | 0 | |
| BEN ALLEN | |||||||
| SECRETARY | 2.60 | X | X | 0 | 0 | 0 | |
| STEVEN W ATWOOD | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| VICTOR M AVILES | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| TERESA BARDAWIL | |||||||
| TRUSTEE, UNTIL 5/11 | 2.60 | X | 0 | 0 | 0 | ||
| JODEE BISHOP | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| LINDSAY M HOPEWOOD | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| CLARA R HULBURT | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| MARK A HUTKER | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| MICHAEL JONES | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| JOSEF KELLNDORFER | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| LAURA RYAN SHACHOY | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| THOMAS M WHITNEY | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| BRETT A SANIDAS | |||||||
| TRUSTEE | 2.60 | X | 0 | 0 | 0 | ||
| H RUSSEL LEMCKE | |||||||
| TRUSTEE, EFF. 9/10 | 2.60 | X | 0 | 0 | 0 | ||
| DAVID C FAUS | |||||||
| HEADMASTER | 40.00 | 230825 | 0 | 43915 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 230825 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 43915 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 2860 | FundraisingEvents |
| All Other Contributions | 1347260 | AllOtherContributions |
| Noncash Contributions | 125099 | NoncashContributions |
| Total Contributions | 1350120 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 4459428 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4459428 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4459428 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 157664 | TotalRevenueColumn |
| Related Or Exempt Function Income | 157664 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 325000 | Securities |
| Other | 3200 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 335133 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -10133 | Securities |
| Other | 3200 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -6933 | TotalRevenueColumn |
| Related Or Exempt Function Income | -6933 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 282218 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 2860 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 203552 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 78666 | TotalRevenueColumn |
| Exclusion | $78,666 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6038945 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4610159 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $78,666 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1071099 | Total |
| Program Services | 1071099 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262405 | Total |
| Management And General | 262405 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2203878 | Total |
| Program Services | 1591394 | ProgramServices |
| Management And General | 521501 | ManagementAndGeneral |
| Fundraising | 90983 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180841 | Total |
| Program Services | 136003 | ProgramServices |
| Management And General | 42423 | ManagementAndGeneral |
| Fundraising | 2415 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 381194 | Total |
| Program Services | 273856 | ProgramServices |
| Management And General | 93088 | ManagementAndGeneral |
| Fundraising | 14250 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152826 | Total |
| Program Services | 105971 | ProgramServices |
| Management And General | 39895 | ManagementAndGeneral |
| Fundraising | 6960 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 640 | Total |
| Management And General | 640 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20384 | Total |
| Management And General | 20384 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44614 | Total |
| Fundraising | 44614 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13618 | Total |
| Management And General | 13618 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43149 | Total |
| Program Services | 42013 | ProgramServices |
| Management And General | 1136 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117167 | Total |
| Program Services | 22048 | ProgramServices |
| Management And General | 79625 | ManagementAndGeneral |
| Fundraising | 15494 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3174 | Total |
| Management And General | 3174 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94953 | Total |
| Program Services | 94953 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76132 | Total |
| Program Services | 76132 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36105 | Total |
| Program Services | 30052 | ProgramServices |
| Management And General | 6053 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 300229 | Total |
| Program Services | 298447 | ProgramServices |
| Management And General | 1782 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54912 | Total |
| Management And General | 54912 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DEPARTMENTAL EXPENSES | 159628 | 150027 | 9601 | |
| REPAIR & MAINTENANCE | 68860 | 68860 | ||
| MISCELLANEOUS | 50868 | 15602 | 15509 | 19757 |
| BOOKS | 40513 | 40513 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5377189 | Total |
| Program Services | 4016970 | ProgramServices |
| Management And General | 1165746 | ManagementAndGeneral |
| Fundraising | 194473 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 241519 | BOY |
| EOY | 137207 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 936312 | BOY |
| EOY | 1394670 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 739013 | BOY |
| EOY | 501885 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6500 | BOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100370 | BOY |
| EOY | 100295 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12000 | BOY |
| EOY | 8000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79013 | BOY |
| EOY | 86481 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10244396 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3159614 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7331721 | BOY |
| EOY | 7084782 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5526968 | BOY |
| EOY | 6195239 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50794 | BOY |
| EOY | 71033 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15024210 | BOY |
| EOY | 15579592 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 438984 | BOY |
| EOY | 506595 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1021707 | BOY |
| EOY | 1054471 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1460691 | BOY |
| EOY | 1561066 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10817956 | BOY |
| EOY | 10941312 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1193062 | BOY |
| EOY | 1021199 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1552501 | BOY |
| EOY | 2056015 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13563519 | BOY |
| EOY | 14018526 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15024210 | BOY |
| EOY | 15579592 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 661756 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -206749 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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) |
|---|---|---|
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2745563 | BeginningOfYearBalance |
| Contributions | 437803 | Contributions |
| Investment Earnings Or Losses | 486784 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 510049 | GrantsOrScholarships |
| Other Expenditures | 82850 | OtherExpenditures |
| Administrative Expenses | 37 | AdministrativeExpenses |
| End Of Year Balance | 3077214 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1879282 | BeginningOfYearBalance |
| Contributions | 1045163 | Contributions |
| Investment Earnings Or Losses | 335318 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 361919 | GrantsOrScholarships |
| Other Expenditures | 152260 | OtherExpenditures |
| Administrative Expenses | 21 | AdministrativeExpenses |
| End Of Year Balance | 2745563 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2895453 | BeginningOfYearBalance |
| Contributions | 84105 | Contributions |
| Investment Earnings Or Losses | 66762 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 62053 | GrantsOrScholarships |
| Other Expenditures | 1104960 | OtherExpenditures |
| Administrative Expenses | 25 | AdministrativeExpenses |
| End Of Year Balance | 1879282 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.66810 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.33190 | 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 | 250600 | OtherCostOrOtherBasis |
| Book Value | 250600 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8272125 | OtherCostOrOtherBasis |
| Depreciation | 2348755 | Depreciation |
| Book Value | 5923370 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 469064 | OtherCostOrOtherBasis |
| Depreciation | 366802 | Depreciation |
| Book Value | 102262 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1252607 | OtherCostOrOtherBasis |
| Depreciation | 444057 | Depreciation |
| Book Value | 808550 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7084782 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PREPAID TUITIONS | Description |
| Amount | $1,054,471 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1054471 | TotalOfAmounts |
| Total Revenue | 6038945 | TotalRevenue |
| Total Expenses | 5377189 | TotalExpenses |
| Excess Or Deficit For Year | 661756 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 543251 | NetUnrealizedGLOnInvestments |
| Other | -$750,000 | OtherAmount |
| Total Adjustments | -206749 | TotalAdjustments |
| Excess Or Deficit Per FS | 455007 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5497543 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 543251 | NetUnrealizedGainsInvestments |
| Other Revenues | -1071099 | OtherRevenues |
| Revenue Not Rptd F990 | -527848 | RevenueNotRptdF990 |
| Revenue Subtotal | 6025391 | RevenueSubtotal |
| Other Revenues Not Included | 13554 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13554 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6038945 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5042536 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 750064 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 750064 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4292472 | ExpensesSubtotal |
| Other Expenses Not Included | 1084717 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1084717 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5377189 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | COLLECTIONS ACQUIRED THROUGH CONTRIBUTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. THE COLLECTIONS ARE HELD FOR PUBLIC EDUCATION RATHER THAN FINANCIAL GAIN. | |
| PART III, LINE 4: | DURING 2011, THE ACADEMY RECEIVED A DONATION OF BOOKS WHICH WERE TO BE USED FOR EDUCATIONAL PURPOSES. THE COLLECTION OF BOOKS WILL BE MAINTAINED, PROTECTED AND PRESERVED IN THE ACADEMY'S LIBRARY FOR CURRENT AND FUTURE USE BY THE STUDENTS AND FACULTY. THE COLLECTION OF BOOKS WAS APPRAISED BY THE DONOR AND HAD A VALUE OF APPROXIMATELY $65,500. ACCORDING TO THE ACADEMY'S POLICY THIS AMOUNT WAS NOT CAPITALIZED. | |
| PART V, LINE 4: | THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE THE ACADEMY WITH A PERMANENT SOURCE OF INCOME THAT ASSISTS IT IN MEETING ITS GOALS AND CARRYING OUT ITS ACTIVITIES. THE ENDOWMENT FUNDS OF THE ACADEMY, BOTH RESTRICTED AND UNRESTRICTED, ENABLE THE SCHOOL TO ENHANCE THE PROFESSIONAL QUALITY OF ITS STAFF, TO MAINTAIN AND IMPROVE ITS PHYSICAL PLANT AND, ABOVE ALL, TO MAINTAIN THE DIVERSITY AND THE QUALITY OF ITS STUDENT BODY THROUGH THE PROVISION OF FINANCIAL AID. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE INCOME TAXES TOPIC OF THE FASB ASC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT OF THE ACADEMY HAS EVALUATED ITS UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| LOSS ON PLEDGE RECEIVABLE -750,000. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SCHOLARSHIP AID -1,071,099. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| AUCTION EXPENSES -64. INVESTMENT EXPENSES 13,618. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| LOSS ON PLEDGE RECEIVABLE 750,000. AUCTION EXPENSES 64. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIP AID 1,071,099. INVESTMENT EXPENSES 13,618. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
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 | IN ALL LOCAL MEDIA ADVERTISEMENT AND PRINTED LITERATURE, THE ACADEMY INCLUDES A STATEMENT OF ITS NONDISCRIMINATORY POLICY. THIS INCLUDES NEWSPAPERS AND BROADCAST MEDIA. ON AN ANNUAL BASIS, THE ACADEMY COLABORATES WITH OTHER PRIVATE SCHOOLS TO PLACE A FULL PAGE AD IN THE BOSTON GLOBE. THIS AD SPECIFICALLY DECLARES THAT THE ACADEMY HAS A RACIALLY NONDISCRIMINATORY POLICY. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAQUES & CO | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 254 BAY ROAD | AddressLine1 |
| City | SOUTH HAMILTON | City |
| State | MA | State |
| ZIP Code | 01982 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUNDRAISING CONSULTANT | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 39519 | AmountRetainedByContractor |
| Net To Organization | -39519 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 39519 | TotalRetainedByContractors |
| Total Net To Organization | -39519 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 78752 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 2860 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 75892 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 7000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 2265 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 8655 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SIMON SINFONIETTA 2008-2009 CONCERT | NameOfEvent2 |
| Gross Receipts Event2 | 206326 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 206326 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 185632 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 285078 | GrossReceiptsTotal |
| Charitable Contributions Total | 2860 | CharitableContributionsTotal |
| Gross Revenue Total Events | 282218 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 7000 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 2265 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 194287 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 203552 | DirectExpenseSummaryEvents |
| Net Income Summary | 78666 | NetIncomeSummary |
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 | 93 | NumberOfRecipients |
| Amount Of Cash Grant | 1027192 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | FINANCIAL AID GRANTS APPLIED TO INDIVIDUAL STUDENT ACCOUNTS ARE A REDUCTION IN TUITION BALANCE. | 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 |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DAVID C FAUS | NamePerson |
| Base Compensation Filing Org | 195825 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 35000 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 20750 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 23165 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 274740 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DAVID C FAUS | NamePerson |
| Purpose Of Loan | SECURE MORTGAGE ON REAL ESTATE | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $100,000 | OriginalPrincipalAmount |
| Balance Due | 100295 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 100295 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | DAVID C FAUS | NameOfInterestedPerson |
| Relationship With Organization | HEADMASTER | RelationshipWithOrganization |
| Amount Of Grant | 45680 | AmountOfGrant |
| Type Of Assistance | TUITION FOR DAUGHTERS | TypeOfAssistance |
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 | 125099 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | ONCE THE FORM 990 IS PREPARED, IT IS SCHEDULED FOR DISCUSSION AT THE NEXT FINANCE COMMITTEE MEETING. THE FINANCE COMMITTEE WILL REVIEW THE REPORT AND, THERE BEING NO UNRESOLVED ISSUES, RECOMMEND IT TO THE BOARD OF TRUSTEES FOR SIGNATURES. THE FORM 990 IS THEN PLACED ON THE BOARD OF TRUSTEES AGENDA FOR DISCUSSION. TRUSTEES ARE ADVISED THAT COPIES CAN BE MADE AVAILABLE SHOULD THEY WISH. THE TREASURER MAKES A REPORT ON THE FORM 990 TO THE TRUSTEES. UPON RESOLUTION OF ALL QUESTIONS, THE FORM 990 IS SIGNED BY AUTHORIZED INDIVIDUALS. | |
| THE BOARD OF TRUSTEES MEETS ON AN ANNUAL BASIS TO EVALUATE THE HEADMASTER'S PERFORMANCE. | FORM 990, PART VI, SECTION B, LINE 15A | |
| FINANCIAL STATEMENTS ARE ATTACHED TO THE MA FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE. THIS FORM IS OPEN TO PUBLIC INSPECTION. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 543,251. LOSS ON PLEDGE RECEIVABLE -750,000. TOTAL TO FORM 990, PART XI, LINE 5: -206,749. | FORM 990, PART XI, LINE 5: |
| FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS. |
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