2011-11-15T14:15:56-06:00 2011-06-30 CBIZ TOFIAS 56 EXCHANGE TERRACE PROVIDENCE RI 02903 990 2010-07-01 042103628 SHADY HILL SCHOOL SHAD 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 ELIZABETH REID 6175205216 2011-11-15 1 JOHN T WILMOT 4016263200 2010 2016-03-07 17:11:31Z ELIZABETH REID 178 COOLIDGE HILL CAMBRIDGE MA 02138 30956327 0 X WWW.SHS.ORG X 1915 MA SHADY HILL SCHOOL IS A PRIVATE, PRE-K THROUGH GRADE 8, CO-EDUCATIONAL DAY SCHOOL LOCATED ON 11 ACRES IN CAMBRIDGE, MASSACHUSETTS. THE CAMPUS CONTAINS ACADEMIC, ATHLETIC AND ADMINISTRATION BUILDINGS INCLUDING A NEW ARTS COMPLEX AND GYMNASIUMS IN ADDITION TO PLAYGROUNDS AND PLAYING FIELDS. TOTAL ENROLLMENT IS APPROXIMATELY 520 STUDENTS.SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE.THE SCHOOL KNOWS AND HONORS THE INDIVIDUAL CHARACTER AND SPIRIT OF EACH CHILD, RESPECTS THE PACE OF CHILDHOOD AND UNDERSTANDS THAT TRUE EXPLORATION TAKES TIME CREATES A SAFE ENVIRONMENT THAT ALLOWS CHILDREN TO BE CURIOUS, TAKE RISKS, AND MAKE MISTAKES CHALLENGES PREJUDICE AND RESPECTS DIFFERENCES. 23 20 269 75 140833 0 2920525 1689080 13573568 14582976 74302 71180 185248 283404 16753643 16626640 1957720 1863396 0 0 9332992 8902736 52641 16013 691086 5679289 6014112 17022642 16796257 -268999 -169617 89679075 93142227 35545156 34655903 54133919 58486324 X SEE MISSION STATEMENT ON SCHEDULE O. 0 0 12318064 1517826 13595798 INSTRUCTIONAL - SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE. 706797 276047 844793 AFTER SCHOOL PROGRAM - THE GOAL OF THIS PROGRAM IS TO PROVIDE A RELAXED, SAFE, NURTURING, AND DYNAMIC NEIGHBORHOOD SETTING FOR CHILDREN ONCE THEIR DAY ENDS. WE AIM TO PROVIDE A STIMULATING AND FUN ENVIRONMENT IN WHICH CHILDREN CAN EXPLORE THEIR OWN UNIQUE IMAGINATIONS, DEVELOP FRIENDSHIPS AND TEST THEIR ABILITIES. THE PROGRAM IS PLANNED WITH THE FLEXIBILITY TO MAKE ROOM FOR CHILDREN TO INITIATE AND INVENT THEIR OWN GAMES AND PROJECTS. ADDITIONALLY, WE OFFER A QUIET AND SUPPORTIVE SPACE FOR STUDENTS TO WORK ON THEIR HOMEWORK. 334003 69523 161850 TEACHER TRAINING COURSE (TTC)- THIS COURSE PROVIDES ASPIRING TEACHERS WITH WELL-GUIDED EXPERIENCES IN PRE-K THROUGH EIGHTH GRADE CLASSROOMS WHERE PRACTICE MERGED WITH THEORY IS PARAMOUNT. IMMERSION IN THE CLASSROOM WHILE STUDYING AND WORKING ALONGSIDE A TALENTED MENTOR IS THE BEST WAY TO LEARN HOW TO TEACH. IN THIS ONE-YEAR, SITE-BASED PREPARATION PROGRAM, APPRENTICE TEACHERS DISCOVER WHAT TEACHING IS ALL ABOUT THROUGH OBSERVATION, SUPERVISED TEACHING, WORKSHOPS, SEMINARS, AND CONTINUOUS INVOLVEMENT IN THE LIFE OF THE SCHOOL. 13358864 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 47 0 1 269 1 1 1 0 0 0 0 0 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X ELIZABETH REID 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 GEORGE LANGDON 40.00 X 69861 0 13677 JEANNE MCDERMOTT 40.00 X 59501 0 5114 JINANE ABOUNADI 1.00 X 0 0 0 JOHN AVERY 1.00 X 0 0 0 VENKAT VENKATRAMAN 4.00 X 0 0 0 RORY MORTON 1.00 X 0 0 0 SARAH LAZARUS 1.00 X 0 0 0 KIMBERLY BUDD 1.00 X 0 0 0 DAVID ALTSHULER 4.00 X 0 0 0 PAM DICKINSON 4.00 X 0 0 0 TY TINGLEY 1.00 X 0 0 0 TOM HASLETT 1.00 X 0 0 0 NIMA ESHGHI 1.00 X 0 0 0 ALEX MOOT 4.00 X 0 0 0 JAMES HOUGHTON 4.00 X 0 0 0 JONATHAN POORVU 4.00 X 0 0 0 HYUN-A PARK FRIIS 1.00 X 0 0 0 ELIZABETH BARTLE 1.00 X 125 0 0 LENORE GESSNER TRAVIS 1.00 X 0 0 0 SUE HALLOWELL 6.00 X X 0 0 0 MARK STANEK 60.00 X X 148913 0 33851 CHARLES LONGFIELD 5.00 X X 0 0 0 ROSEMARIE JOHNSON 5.00 X X 0 0 0 ELIZABETH REID 48.00 X 172129 0 13749 ALLISON WEBSTER 50.00 X 117865 0 6381 CYNTHIA DOBE 50.00 X 100893 0 9899 EMILY BLACKWELL 40.00 X 39060 0 6590 JOHN SEGAR 40.00 X 64091 0 11076 BRUCE SHAW 60.00 X 678253 0 27511 1450691 0 127848 5 1 1 0 LOCAL MOTION OF BOSTON 66B ROCSAM PARK ROAD BRAINTREE MA 02184 TRANSPORTATION SERVICES 244261 MACHADO & SILVETTI ASSOCIATES 560 HARRISON AVENUE STE 301 BOSTON MA 02118 ARCHITECTURAL SERVICES 121813 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 11555 INVESTMENT ADVISORS 117252 3 1689080 63335 1689080 TUITION AND FEES 900099 13114406 13114406 AFTER SCHOOL PROGRAM 900099 844793 844793 OTHER PROGRAMS 900099 623777 623777 14582976 118487 118487 61348 5685 55663 55663 55663 14264729 14261209 50827 3520 -50827 -47307 -47307 79409 11966 67443 67443 INVESTMENT INCOME-UBI 523000 140833 140833 MISCELLANEOUS INCOME 900099 19465 19465 160298 16626640 14602441 140833 194286 1863396 1863396 668940 262604 344822 61514 118008 118008 6638887 5371024 900585 367278 347284 280757 55065 11462 510446 444137 34521 31788 619171 469791 118488 30892 29393 29393 62025 62025 16013 16013 379842 379842 2400 2400 4982 4982 1585571 1062756 393059 129756 388261 385491 2770 855082 703803 145320 5959 512 512 719890 719890 1417186 1166344 240922 9920 87660 72144 14876 640 BOND EXPENSE 232481 232481 LUNCHROOM 114564 113477 998 89 FACULTY DEVELOPMENT 65268 65268 OTHER OPERATING EXPENSE 26874 9674 7894 9306 MULTI-CULTURAL RECRUITI 16003 5825 10114 64 26118 6500 5983 13635 16796257 13358864 2746307 691086 400 400 15888413 18900735 2980252 1678939 96118 68672 745034 818130 47211917 8640445 38565030 38571472 620332 1168897 30783496 31934982 89679075 93142227 1909718 1492070 900369 936207 30600000 29800000 2135069 2427626 35545156 34655903 X 43910459 49039334 6793536 6009600 3429924 3437390 54133919 58486324 89679075 93142227 X -169617 4522022 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40707115 402034 4208382 2082830 43234701 38434020 709836 3745616 2182357 40707115 46669667 87775 -6324917 1998505 38434020 0.82180 0.07910 0.09910 0 0 57698 57698 44905819 7895792 37010027 1511885 663815 848070 736515 80838 655677 38571472 NON PUBLICALLY TRADED INVESTMENT FUNDS 30367323 F OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE 1567659 C 31934982 PROVISION FOR UNEMP COMP 56008 DEFERRED RENTAL INCOME 159411 INTEREST RATE SWAP 1852780 EQUIPMENT LEASE LIABILITY 359427 2427626 16626640 16796257 -169617 4522022 4522022 4352405 19538334 4342316 259360 -238350 4363326 15175008 1451632 1451632 16626640 15185929 259360 5685 265045 14920884 1875373 1875373 16796257 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS IT'S ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON ENDOWMENT 4,342,316. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 179,706. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,685. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 179,706. FINANCIAL AID NETTED AGAINST AUXILIARY REVENUE FOR FINANCIAL STATEMENTS -423,741. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,439,655. SPECIAL EVENTS INDIRECT EXPENSES 11,977. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,685. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,439,655. SPECIAL EVENTS INDIRECT EXPENSES 11,977. FINANCIAL AID 423,741. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE. X X X X X X 1 JAQUES & COMPANY LIBERTY SQUARE DANVERS MA 01923 FUNDRAISING CONSULTING 0 1549678 16013 1533665 1549678 16013 1533665 MA SHADY HILL FAIR 79409 79409 1398 5388 5180 79409 79409 1398 5388 5180 11966 67443 1 FINANCIAL AID 88 1439655 NEED-BASED FINANCIAL AID TO STUDENTS - TUITION FINANCIAL AID 83 423741 NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS X 1 1 X X X X 1 1 0 1 0 0 0 0 0 MARK STANEK 148913 0 0 0 0 0 7327 0 26524 0 182764 0 0 0 ELIZABETH REID 172129 0 0 0 0 0 8756 0 4993 0 185878 0 0 0 EMILY BLACKWELL 39060 0 0 0 0 0 2296 0 4294 0 45650 0 0 0 JOHN SEGAR 64091 0 0 0 0 0 3784 0 7292 0 75167 0 0 0 BRUCE SHAW 629019 0 4167 0 45067 0 6916 0 20595 0 705764 0 493235 0 PART I, LINE 1A AS A CONDITION OF HIS EMPLOYMENT, THE DIRECTOR OF THE SCHOOL, MARK STANEK, IS REQUIRED TO LIVE ON CAMPUS IN A HOME PROVIDED TO HIM BY THE SCHOOL. BASED ON COMPARABLE RENTALS IN CAMBRIDGE, AND ALLOWING FOR THE LOCATION AND CONDITION OF THE HOUSE, THE TOTAL ESTIMATED VALUE OF THIS NONTAXABLE BENEFIT FOR A FULL YEAR IS $48,000. PART I, LINES 4A-B IN CONSIDERATION FOR BRUCE SHAW'S 16 YEAR TENURE AS SHADY HILL SCHOOL DIRECTOR AND THE SUCCESSFUL COMPLETION OF THE BLUEPRINTS CAPITAL CAMPAIGN, MR. SHAW RECEIVED ADDITIONAL COMPENSATION TO BE PAID OUT OVER A THREE YEAR PERIOD ENDING IN 2013. IN ADDITION, MR. SHAW ACCUMULATED DEFERRED COMPENSATION DURING HIS LONG TENURE AT SHADY HILL, $493,235 WAS PAID OUT DURING CALENDAR YEAR 2010. SUPPLEMENTAL INFORMATION PART III FOR FORMER DIRECTOR OF SCHOOL, BRUCE SHAW, THE NONTAXABLE BENEFITS OF $27,511 INCLUDE THE FOLLOWING: PART-YEAR HOUSING VALUED AT $18,000, HEALTH/LIFE INSURANCES TOTALING $2,595, AND PENSION CONTRIBUTION OF $6,916. FOR DIRECTOR OF SCHOOL, MARK STANEK, THE NONTAXABLE BENEFITS OF $33,851 INCLUDE THE FOLLOWING: PART-YEAR HOUSING VALUED AT $24,000, HEALTH/LIFE INSURANCES TOTALING $2,524, AND PENSION CONTRIBUTION OF $7,327. FOR CHIEF FINANCIAL OFFICER, ELIZABETH REID, THE NONTAXABLE BENEFITS OF $13,749 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $4,993 AND PENSION CONTRIBUTION OF $8,756. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RYD1 2008-06-26 30600000 CONSTRUCTION AND EQUIPPING OF NEW GYM AND UNDERGROUND PARKING GARAGE 0 0 0 30600000 501389 122511 25582206 4393894 2009 0 0 1 1 0 0 0 0 0 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 SCHEDULE K PAGE 2 PART IV, ARBITRAGE HEDGING THE SCHOOL HAS THREE OUTSTANDING SWAP AGREEMENTS IN PLACE AT JUNE 30, 2011 TO MITIGATE EXPOSURE TO INTEREST RATE RISK ON THE VARIABLE RATE BOND ISSUE. THERE ARE TWO AGREEMENTS WITH MORGAN STANLEY ENDING IN JULY 2013 AND 2028. THE THIRD AGREEMENT DOES NOT START UNTIL 2013 WITH DEUTSCHE BANK ENDING IN JUNE 2024. X 26 63335 FMV ON DATE OF GIFT 0 1 1 THIRD PARTY USE: PART I, LINE 32B: TD AMERITRADE (FORMERLY PRIMEVEST) WAS USED IN FISCAL YEAR ENDING 6-30-2011 TO PROCESS STOCK GIFTS BY RECEIVING THE STOCK AND LIQUIDATING, ALL ON BEHALF OF SHADY HILL SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS ALSO MADE AVAILABLE TO THE BOARD OF OVERSEERS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF OVERSEERS ARE ASKED TO FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION LEVELS ARE DETERMINED BY MARKET SURVEYS AND CONSULTATIONS WITH RECRUITING FIRMS WHEN APPLICABLE. FORM 990, PART VI, SECTION C, LINE 19 SHADY HILL SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN/LOSS ON ENDOWMENT 4,342,316. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 179,706. TOTAL TO FORM 990, PART XI, LINE 5: 4,522,022. EXPLANATION OF LINE 2C PART XI - FINANCIAL STATEMENTS AND REPORTING THE SHADY HILL AUDIT COMMITTEE MEETS PERIODICALLY AND IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, AS WELL AS THE SELECTION OF THE AUDITOR. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.