2011-02-14T13:40:02-07:00 2010-06-30 990 2009-07-01 041200600 CONCORD ACADEMY CONC 9784022200 166 Main Street Concord MA 01742 Judi B Seldin 9784022263 2011-02-14 2009 2016-02-24 21:20:13Z Richard G Hardy 166 Main Street Concord MA 01742 39391023 0 X www.concordacademy.org X 1922 MA See Schedule O for Form 990, Part 1, Line 1 24 22 358 154 0 0 7332322 6147927 15227961 15709604 -235010 1055323 26433 22690 22351706 22935544 2330121 3061810 0 0 11205244 10678234 46315 33152 1837766 6883524 6828695 20465204 20601891 1886502 2333653 76701098 83389792 23303081 23829610 53398017 59560182 Concord Academy engages its students in a community animated by a love of learning, enriched by a diversity of backgrounds and perspectives, and guided by a covenant of common trust. 0 0 15933580 3061810 15709604 Secondary Education; 372 students in grades 9 through 12; Educational Programs, General/Other: Summer Camp 8-week program for children in grades pre-K through 9 0 0 0 15933580 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 83 0 1 358 1 0 0 0 0 0 1 1 0 0 0 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Concord Academy Finance Office 9784022261 166 Main Street Concord MA 01742 D Pike Aloian 0.50 X 0 0 0 Elizabeth Ballantine 0.50 X X 0 0 0 Paul S Barth 0.50 X 0 0 0 Peter D Blacklow 0.50 X 0 0 0 W Anthony Brooke 0.50 X 0 0 0 Ian T Douglas 0.50 X 0 0 0 Jeffrey L Eberle 1.00 X X 0 0 0 Lisa Frusztajer 0.50 X X 0 0 0 Keith B Gelb 0.50 X 0 0 0 Silvia Gosnell 0.50 X 0 0 0 Ann L Gund 0.50 X 0 0 0 Sandra Willett Jackson 0.50 X 0 0 0 Mary B Malhotra 0.50 X 0 0 0 Amelia Lloyd McCarthy 0.50 X X 0 0 0 John J Moriarty 1.00 X X 0 0 0 Maureen Mulligan 0.50 X 0 0 0 Sarah Muyskens 0.50 X 0 0 0 Susan Hall Mygatt 0.50 X 0 0 0 Erin S Pastuszenski 0.50 X 0 0 0 Katrina B Pugh 0.50 X 0 0 0 Maia Y Sharpley 0.50 X 0 0 0 Karmala Avis Sherwood 0.50 X 0 0 0 Fay Lampert Shutzer 0.50 X 0 0 0 Lowell S Smith 0.50 X 0 0 0 Jorge Solares Parkhurst 0.50 X 0 0 0 Kim Williams 0.50 X 0 0 0 Richard G Hardy 55 X 137953 0 11000 Judi Seldin 55 X 178936 0 31452 Margaret Wilson 55 X 172358 0 23713 Pamela Safford 55 X 139147 0 15303 Elizabeth Ginsberg 55 X 121880 0 19119 David Rost 55 X 101549 0 18305 Robert Koskovich 55 X 103642 0 18209 Jacob A Dresden 55 X 407116 0 32096 1362581 0 169197 9 1 1 0 0 0 0 47563 0 0 6100364 447099 6147927 Tuition and Fees/Summer Programs 611110 15514312 15514312 0 0 Misc Income 611110 191885 191885 0 0 Student Loan Income 611110 3407 3407 0 0 0 0 0 0 15709604 812747 0 0 812747 61672 0 0 61672 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16373197 0 16192293 0 180904 0 180904 0 0 180904 17577 47563 22804 -5227 0 0 -5227 18120 1055 17065 0 0 17065 249192 239327 9865 0 0 9865 Faculty Loan Interest 611110 987 0 0 987 0 0 0 0 987 22935544 15709604 0 1078013 0 0 3061810 3061810 0 0 0 0 516220 0 516220 0 0 0 0 0 7974268 5897990 1093543 982735 549376 415419 65074 68883 1012695 718349 159884 134462 625675 438055 114979 72641 18587 0 18587 0 64994 0 64994 0 33152 33152 67232 0 67232 0 419210 347630 57051 14529 131892 53180 53864 24848 508015 263252 117541 127222 203661 159259 30709 13693 0 0 0 0 725522 617697 88038 19787 171423 87024 32455 51944 0 0 0 0 68725 41846 14490 12389 773245 594691 107660 70894 0 0 0 0 1368416 1259354 66836 42226 29681 0 29681 0 Miscellaneous Expenses 547939 428361 53216 66362 Equipment: purchase, repairs and maintenance 548054 506681 25465 15908 Food & Beverage 1182099 1042982 53026 86091 20601891 15933580 2830545 1837766 22035 14835 7681887 10070594 6582304 6490568 2725 58872 8935 6894 0 0 50013 34444 88076 80004 341748 345046 38483919 18776409 20455499 19707510 37705835 42841379 2044178 2262225 196717 84118 1521146 1393303 76701098 83389792 1076510 999784 0 0 6050151 7316497 12857784 12542784 1796335 1337768 0 0 0 0 1522301 1632777 23303081 23829610 X 20799777 23489722 8380523 10638334 24217717 25432126 53398017 59560182 76701098 83389792 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38855071 2798398 4759050 334401 1830598 0 44247520 46986395 1842416 -7751951 378962 1842827 0 38855071 0.37 0.63 0 0 0 0 4919539 4919539 0 29937420 16261343 13676077 0 0 0 0 0 3404128 2501891 902237 0 222832 13175 209657 19707510 0 0 Alternative Investment; Hedge Fund 2262225 F 2262225 Student Loans 84118 F 84118 Split Interest Agreements w/third party 234511 Cash Surrender Value of Life Insurance 140051 Assets held by Bond Trustees 1010241 Other Assets 8500 1393303 0 Bookstore Deposits 600060 Capital Lease Obligations 64978 Interest Rate Swap - Liability 534949 Registration Deposits 432790 1632777 22935544 20601891 2333653 3870024 0 0 0 -41514 3828510 6162163 24151200 3870024 0 0 -2917553 952471 23198729 0 -263185 -263185 22935544 17989037 0 0 0 410106 410106 17578931 67232 2955728 3022960 20601891 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Concord Academy's Endowment supports and sustains forward-thinking initiatives; provides the flexibility to act on great educational opportunities; underwrites the maintenance and enhancement of buildings and grounds; and offers stability in times of fiscal uncertainty. Concord Academy's strategic plan places a priority on increasing our endowment for financial aid, faculty compensation and maintenance of our historic campus. SchD_P10_S00_L00 Schedule D, Part X None SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Changes in value of split-interest agreements = $105,407; Unrealized loss on interest rate swap = -$146,921; net = -$41,514 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Financial Aid Grants -$2,955,728; Investment Advisor Fees -$67,232;Change in Value of Split Interest Agreement $105,407 for a total of -$2,917,553 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Bookstore and Special Event Expenses = $263,185 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Bookstore & Special Event Expenses $263,185; Unrealized loss on Interest Rate Swap $146,921 for a total of $410,106 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial Aid = $2,955,728 1 1 1 See Schedule O for Schedule E, Line 3 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 East Asia and the Pacific 0 0 Program Services Admission fairs, school visits and interviews with prospective students 18725 0 0 18725 X X X X X X 0 MA Benefit for Financial Aid 45490 32185 13305 0 0 0 8498 0 5584 SSD Winter's Cabaret 19650 15378 4272 0 0 0 1682 0 7040 0 65140 47563 17577 0 0 0 10180 0 12624 22804 -5227 18120 1055 1 0.26 18120 0 0 0 1055 1055 17065 MA 1 0 0 0 1 0 Concord Academy Advancement Office 166 Main Street Concord MA 01742 0 0 0 1 Tuition Grants, Bookstore Account Funding, Health Insurance, Music Lessons, Supplemental Aid, Transportation Expense Aid, and Miscellaneous Expense Aid 91 3061810 0 none SchI_P01_S00_L02 Schedule I, Part I, Line 2 Concord Academy awarded financial assistance to 91 students, including tuition grants and assistance for music lessons, health insurance, bookstore purchases, transportation and miscellaneous expenses. Assistance is awarded on a financial need basis through the Financial Aid Office. Both the Financial Aid Director and the Finance Office staff administer and monitor all grants, loans and student spending in the recipient's Concord Academy Bookstore account on a monthly basis. The Financial Aid Director also meets monthly with each Financial Aid recipient to review spending. Class attendance is required and monitored by the Academic Office staff. X X X X X 0 0 0 0 0 0 0 0 0 Judi Seldin 178936 0 0 0 0 0 21884 0 12731 0 213551 0 0 Margaret Wilson 172358 0 0 0 0 0 14144 0 12343 0 198845 0 0 0 Pamela Safford 139147 0 0 0 0 0 11308 0 5206 0 155661 0 0 0 Jacob A Dresden 273768 0 133348 0 0 0 24500 0 11620 0 443236 0 133348 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Concord Academy Board of Trustees Executive Committee also acts as the Compensation Committee. This group reviews and deliberates compensation for the Head of School and the Chief Financial Officer using peer school data and financial reporting (Form 990), outside consultants and other external sources. Compensation for FY 09-10 for these positions was reviewed and approved by the Committee in the Spring of 2009. Massachusetts Development Finance Agency 043431814 noneavail 2004-11-23 4600000 Real Estate - Faculty Housing 0 0 4600000 0 0 0 72500 4535000 2006 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 Faculty Staff Charges Bookstore Accounts X 107 107 0 0 1 Highly Compensated Real Estate Purchase X 9900 6786 0 1 1 Trustee real estate purchase X 2000000 1337768 0 1 1 1344661 Jeffrey L Eberle family member 25531 employment 0 X 47 447099 See Part 11 0 0 1 1 SchM_P01_S00_L09 Schedule M, Part I, Line 9 Column D - method of determining revenues: mean of the high/low price of stock on the date of the gift SchM_P01_S00_L32b Schedule M, Part I, Line 32b UBS Securities, LLC and affiliate of UBS Financial Services, Inc. F990_P01_S00_L01 Form 990, Part I, Line 1 Concord Academy is a four-year, coeducational, independent college-preparatory school enrolling students in grades nine through twelve. The school was founded in 1922 and is located in Concord, Massachusetts. The 2009-2010 enrollment was composed of 372 students, 155 of whom were boarding students and 217 of whom were day students coming from nineteen states/territories and six foreign countries. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Upon completion of the 2009 Form 990 the form was presented for discussion and review to members of the Audit Committee of the Board of Trustees. A copy was then made available to each Concord Academy Trustee on the Trustee Website for further review. Soon after the 2009 Form 990 was efiled to the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c In October of each year new and returning trustess are asked to complete, sign and return to the Assistant to the Head of School a Conflict of Interest form. Once completed, each form is reviewed by the Head and CFO to ensure compliance. In the event of a conflict, said conflict would be discussed with the Committee on Trustees and/or legal counsel to determine how to proceed. The original forms are kept in the individual trustee files in the Head's office. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 See Schedule J, Part lll Supplemental Information F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization does not make these documents available to the public. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Richard G Hardy reported compensation for July-December 2009 SchE_P00_S00_L03 Schedule E, Line 3 The following statement is published annually in the Boston Globe: We member schools of the Association of Independent Schools in New England reaffirm our long standing policy of nondiscriminatory admission of students. We admit students of any race, color, religious affiliation, national and ethnic origin and qualified handicapped students to all rights, privileges, programs and activities generally accorded or made available to students at our schools. We do not discriminate in violation of any law or statute in the administration of our educational policies, admissions policies, scholarship and loan program, and athletic or other school administered programs. Information and school catalogues may be obtained by calling the schools.