2011-02-09T15:29:46-06:00 2010-06-30 Miller Wachman LLP 100 Cambridge Street 13th Floor Boston MA 021142548 990 2009-07-01 042104457 THE RIVERS SCHOOL CORPORATION RIVE 7812359300 333 WINTER STREET WESTON MA 024931040 Roy S MacDowell Jr 7812359300 2011-02-04 1 Mark J Conklin CPA 6173386800 2011-02-04 2009 2016-02-24 21:20:13Z THOMAS P OLVERSON 333 WINTER STREET WESTON MA 024931040 44505035 0 X WWW.RIVERS.ORG X 1924 MA THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS CHALLENGES STUDENTS TO ATTAIN THEIR HIGHEST LEVELS OF EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS. WE SET HIGH STANDARDS AND EXPECT STUDENTS TO PARTICIPATE ACTIVELY IN THEIR LEARNING. WE CULTIVATE A CARING, RESPECTFUL, AND COLLABORATIVE ENVIRONMENT THAT ENCOURAGES STUDENT PERFORMANCE, INCLUDING DEMONSTRATION OF LOGICAL THOUGHT, INFORMED AND ARTICULATE VOICE, CREATIVE VISION, AND INTEGRITY. RIVERS IS DEDICATED TO PREPARING ITS STUDENTS FOR LEADERSHIP IN A WORLD THAT NEEDS THEIR TALENTS, IMAGINATION, INTELLECT, AND COMPASSION. 27 26 459 417 146309 -75415 1905569 10465938 17948479 18676679 -227412 1378159 403514 414999 20030150 30935775 2700376 3166582 0 11686839 11844019 22532 20632 997720 7182825 7181392 21592572 22212625 -1562422 8723150 50715611 59604275 22925857 23364420 27789754 36239855 THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS CHALLENGES STUDENTS TO ATTAIN THEIR HIGHEST LEVELS OF EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS. WE SET HIGH STANDARDS AND EXPECT STUDENTS TO PARTICIPATE ACTIVELY IN THEIR LEARNING. WE CULTIVATE A CARING, RESPECTFUL, AND COLLABORATIVE ENVIRONMENT THAT ENCOURAGES STUDENT PERFORMANCE, INCLUDING DEMONSTRATION OF LOGICAL THOUGHT, INFORMED AND ARTICULATE VOICE, CREATIVE VISION, AND INTEGRITY. RIVERS IS DEDICATED TO PREPARING ITS STUDENTS FOR LEADERSHIP IN A WORLD THAT NEEDS THEIR TALENTS, IMAGINATION, INTELLECT, AND COMPASSION. 0 0 14633968 2786950 14299472 SCHOOL PROGRAM - THE INSTRUCTION OF 452 STUDENTS - GRADE 6-12. THE SCHOOL YEAR RUNS FROM SEPTEMBER TO JUNE. 1861551 1919101 MUSIC CONSERVATORY - OFFERS PREMIER CLASSICAL AND JAZZ MUSIC EDUCATION AND PERFORMANCE PROGRAMS THAT DEVELOP THE HIGHEST LEVELS OF ARTISTIC AND TECHNICAL ACHIEVEMENT IN STUDENT MUSICIANS OF ALL AGES 1011468 1385673 SUMMER CAMP PROGRAMS - THE INSTRUCTION AND SUPERVISION OF 705 TOTAL CAMPERS IN ARTS, CRAFTS, AND OUTDOOR ACTIVITIES. 1443175 1195792 OTHER SCHOOL PROGRAMS - VARIOUS EXTRA - CURRICULAR ACTIVITIES. 1443175 1195792 18950162 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 83 1 1 459 1 1 1 1 CJ 0 0 0 0 0 0 0 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X X BRUCE T AMSBARY 7812359300 THE RIVERS SCHOOL 333 WINTER STREET WESTON MA 02493 Roy S MacDowell Jr 1.50 X X 0 0 0 Clinton P Harris 1.30 X X 0 0 0 THomas L Lyons 1.30 X X 0 0 0 Robert J Davis 0.80 X X 0 0 0 GEOFFREY S REHNERT 0.80 X X 0 0 0 MICHAEl A Bell 0.50 X 0 0 0 BENJAMIN BLOOMSTONE 1.30 X 0 0 0 Robert E Buonato 2.00 X 0 0 0 KAREN L DANIELS 0.80 X 0 0 0 HOward G Davis 0.50 X 0 0 0 T Christopher Donnelly 0.50 X 0 0 0 MARia D Furman 0.50 X 0 0 0 Andrew N Jaffe 0.50 X 0 0 0 DAniel A Kraft 0.80 X 0 0 0 Frank H Laukien 0.50 X 0 0 0 Deborah H McAneny 1.30 X X 0 0 0 Michael E McGuinness 0.50 X 0 0 0 PATRICIA A MORDAS 0.50 X 0 0 0 James C Mullen 0.50 X 0 0 0 Alan D Rose JR 0.80 X 0 0 0 SOLOMON D ROTH 1.30 X 0 0 0 LAURIE SCHOEN 0.50 X 0 0 0 Mark S Schuster 0.50 X 0 0 0 Steven J Snider 1.30 X 0 0 0 Michael P Stansky 0.50 X 0 0 0 ERIC M WOLF 0.50 X 0 0 0 LOUISE CUMMINGS 0.50 X 0 0 0 BARBARA V LIGON 0.50 X 8142 0 0 RICHARD L SMITH 0.50 X 0 0 0 THOMAS P OLVERSON 60.00 X 300641 0 42834 BRUCE T AMSBARY 60.00 X 167573 0 34551 JEAN I MOUZAR 37.50 X 59958 0 13812 JANICE H HICINBOTHEM 55.00 X 154969 0 30606 JAMES M LONG 50.00 X 116969 0 28888 MARIAN F HUPPER 40.00 X 121286 0 66699 PATRICIA L CARBERY 45.00 X 103234 0 27465 SUSAN MCGEE 45.00 X 100424 0 26179 1133196 0 271034 7 0 1 0 FLIK INDEPENDENT SCHOOLS BY CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE PROVIDER 649254 GOLDMAN ENVIRONMENTAL CONSULTANTS INC 60 BROOKS DRIVE BRAINTREE MA 02184 WASTE WATER TREATMENT CONSULTANTS 227931 COLONIAL TOURS INC 190 BAYSWATER STREET EAST BOSTON MA 02128 TRANSPORTATION 179750 AMPM CLEANING SERVICES 295 WESTON STREET WALTHAM MA 02453 CLEANING SERVICES 119652 4 84893 10381045 419026 10465938 TUITION INCOME 900099 14299472 14299472 MUSIC SCHOOL 900099 1919101 1919101 SUMMER CAMPS 900099 1385673 1385673 SCHOOL ACTIVITIES 900099 1072433 1072433 18676679 194089 194089 81887 79079 2808 2808 2808 14271786 13087716 1184070 1184070 1184070 257911 84893 116726 141185 141185 23750 22412 1338 1338 297824 263327 34497 34497 ATHLETIC FACILITY RENT 713990 146309 146309 MISC. INCOME 900099 47764 47764 INSURANCE REFUND 900099 22242 22242 18856 18856 235171 30935775 18800038 146309 1523490 3166582 3166582 778594 591244 187350 9006949 7662709 929534 414706 638173 478630 95726 63817 724311 543233 108647 72431 695992 521994 104399 69599 7309 7309 47945 47945 20632 20632 15988 15988 38380 36748 979 653 96135 45443 44633 6059 183621 137716 27543 18362 17592 1271 16321 54757 54757 768905 768905 1696526 1611700 84826 170236 161724 8512 OTHER SCHOOL ACTIVITIES 867736 867736 REPAIRS & MAINTENANCE 660297 627282 33015 LUNCH PROGRAM 509715 509715 ATHLETIC DEPT. 410381 410381 DAYCAMP EXPENSES 310312 310312 1325557 1088081 93365 144111 22212625 18950162 2264743 997720 54743 5810775 5607290 1201555 1834644 7766564 60064 81865 52313 52313 80040 44443 318019 374624 44271389 16842242 27729658 27429147 5288571 8413438 9438367 8188104 251902 241447 50715611 59604275 842194 984451 6823546 6960112 13640000 13270000 1620117 2149857 22925857 23364420 X 18973678 19405947 3806629 11686770 5009447 5147138 27789754 36239855 50715611 59604275 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 230540 X 0 5020591 141465 370575 194108 5338523 5223355 204176 -406083 857 5020591 0.03580 0.96420 0 0 1294453 1294453 26411738 7694231 18717507 16565198 9148011 7417187 27429147 Money Market funds 2555059 F fund of funds 4515911 F private equity fund 192787 F CERTIFICATES OF DEPOSIT 924347 F 8188104 FAIR VALUE OF INTEREST RATE SWAP LIABILITY 2149857 2149857 30935775 22212625 8723150 256691 -529740 -273049 8450101 28449165 256691 15198 424071 695960 27753205 15988 3166582 3182570 30935775 19469324 15198 424071 439269 19030055 15988 3166582 3182570 22212625 Part III, Line 4: THE SCHOOL'S RECORDING COLLECTION CONTAINS ONE OF THE MOST EXTENSIVE COLLECTIONS OF OPERA RECORDINGS IN THE UNITED STATES. THESE RECORDINGS, COMBINED WITH THOUSANDS OF OTHER INSTRUMENTAL AND VOCAL RECORDINGS WILL PROVIDE A HISTORICAL AND EDUCATIONAL LISTENING RESOURCE FOR STUDENTS AND FACULTY AT THE RIVERS SCHOOL CONSERVATORY AND THE SCHOOL. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ENDOWMENT SUPPORTS THE EDUCATIONAL MISSION OF THE SCHOOL BY PROVIDING SUPPORT FOR FINANCIAL AID FOR STUDENTS, FACULTY RELATED EXPENSES, SCHOOL PROGRAMS, SCHOOL FACILITIES, AS WELL AS GENERAL SUPPORT FOR SCHOOL OPERATIONS. Part XI, Line 8 - Other Adjustments: CHANGE IN fair value of interest rate swap agreement: -529740. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES REPORTED ON PART VIII LINE 6B: 79079. COGS REPORTED ON PART VIII LINE 10B: 263327. SPECIAL EVENT EXPENSES INCLUDED IN PART VIII LINE 8B: 81665. Part XII, Line 4b - Other Adjustments: FINANCIAL AID AND TUITION REMISSION: 3166582. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES REPORTED ON PART VIII LINE 6B: 79079. COGS REPORTED ON PART VIII LINE 10B: 263327. SPECIAL EVENT EXPENSES INCLUDED IN PART VIII LINE 8B: 81665. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID AND TUITION REMISSION: 3166582. 1 1 1 NOTICE OF NON-DISCRIMINATION POLICY AS TO STUDENTS APPEARED IN THE BOSTON SUNDAY GLOBE ON DECEMBER 6, 2009. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X X 1 RUSSELL BUCKLEY CAP CAMPAIGN FEASABILITY STUDY & CONSULT TO MAJOR GIFT COMM 0 8928475 20632 8907843 8928475 20632 8907843 MA PARENT LEAGUE AUCTION 134596 16180 118416 11401 13958 GOLF TOURNAMENT 139095 63763 75332 10679 16145 7413 3 69113 4950 64163 750 14847 5308 36225 342804 84893 257911 750 10679 42393 5308 57596 116726 141185 23750 21200 1212 0 23750 21200 1212 22412 1338 MA 1 0 1 0 1.00000 BRUCE T AMSBARY 333 WINTER STREET WESTON MA 02493 0 BRUCE T AMSBARY 0 BOOKKEEPING AND TAX FILINGS X 0 1 FINANCIAL AID 115 2776950 TUITION REMISSION 12 379632 SCHOLARSHIP 1 10000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE SCHOOL AWARDS FINANCIAL AID BASED UPON FINANCIAL NEED IN AN OBJECTIVE AND NON-DISCRIMINATORY MANNER. THE SCHOOL MAINTAINS FILES ON EACH SUCCESSFUL CANDIDATE FOR NEED BASED FINANCIAL AID WHICH INCLUDES A COMPLETED "PARENT FINANCIAL STATEMENT"(PFS) PROVIDED BY THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) FORMS AND COPIES OF THE MOST RECENT FILING OF THE PARENTS' 1040 FEDERAL TAX RETURN. THE SCHOOL USES THE INFORMATION PROVIDED BY THE ANALYSIS OF THE PFS BY SSS TO HELP MAKE AWARD DETERMINATIONS. AWARDS ARE ALSO ADJUSTED, AS NECESSARY, TO REFLECT SUPPLEMENTAL INFORMATION PROVIDED BY THE PARENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 THOMAS P OLVERSON 300641 0 0 0 0 0 4345 0 38489 0 343475 0 121074 0 BRUCE T AMSBARY 167573 0 0 0 0 0 6769 0 27782 0 202124 0 85991 0 JANICE H HICINBOTHEM 154969 0 0 0 0 0 4345 0 26261 0 185575 0 78441 0 MARIAN F HUPPER 121286 0 0 0 0 0 0 0 66699 0 187985 0 0 0 BENJAMIN BLOOMSTONE INDIVIDUAL IS A MEMBER OF THE SCHOOL'S BOARD OF TRUSTEES 3000000 DURING THE YEAR ENDED JUNE 30, 2010, THE SCHOOL INVESTED IN A FOREIGN REGISTERED MUTUAL FUND OF WHICH THE TRUSTEE IS A CO-FOUNDER. 0 X 19 403828 VALUE AT DONATION DATE X SERVICES 1 100 FAIR MARKET VALUE X FOOD AND BEVERAGE 3 4950 FAIR MARKET VALUE X EVENT SUPPLIES 1 2673 FAIR MARKET VALUE X MUSICAL INSTRUMENT RENTAL 1 3150 FAIR MARKET VALUE X AUCTION ITEMS 4 4000 FAIR MARKET VALUE X SCHOOL EQUIPMENT 1 325 FAIR MARKET VALUE 0 0 1 0 Form 990, Part VI, Section B, line 11 THE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO ALL TRUSTEES PRIOR TO THE BOARD OF TRUSTEES MEETING. THE FORM 990 IS APPROVED BY THE TRUSTEES OR RETURNED FOR ADDITIONAL PREPARATION. Form 990, Part VI, Section B, line 12c THE SCHOOL ANNUALLY DISTRIBUTES TO ALL TRUSTEES, KEY EMPLOYEES AND OTHER COMMITTEE MEMBERS AN ELECTRONIC CONFLICT OF INTEREST SURVEY/QUESTIONNAIRE. THE RETURNED QUESTIONNAIRES ARE REVIEWED AND COMPILED BY THE SCHOOL'S FINANCIAL OFFICE AND THE RESULTS ARE PRESENTED TO THE SCHOOL'S AUDIT COMMITTEE. ANY ISSUES FOUND THAT THE AUDIT COMMITTEE BELIEVES ARE OF A CONCERN ARE FORWARDED TO THE SCHOOL'S COMMITTEE ON TRUSTEES FOR FURTHER ACTION. THE COMPLETED QUESTIONNAIRES ARE MAINTAINED AS PART OF THE SCHOOL'S CORPORATE RECORDS BY THE ASSISTANT CLERK. Form 990, Part VI, Section B, line 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD, MAKES UP THE SCHOOL'S COMPENSATION COMMITTEE. THE COMMITTEE RELIES ON COMPARATIVE DATA FROM SURVEYS CONDUCTED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND COMPARABLE DATA PROVIDED BY OTHER SCHOOLS ON THEIR IRS FORM 990 IN SETTING THE SALARY FOR THE HEAD OF SCHOOLS. DOCUMENTATION OF THE BASIS OF DETERMINATION OF THE SALARY IS KEPT IN MINUTES PREPARED BY THE FIRST VICE PRESIDENT OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS DELEGATED THE AUTHORIZATION OF THE SALARIES OF ALL EMPLOYEES, INCLUDING KEY EMPLOYEES, TO THE HEAD OF SCHOOLS AND IS BASED ON COMPARABLE INFORMATION OBTAINED FROM SOURCES SUCH AS THE IRS FORM 990 OF OTHER SCHOOLS. Form 990, Part VI, Section C, line 19 THE SCHOOL RELIES ON THE WEBSITE OF THE MASSACHUSETTS' ATTORNEY GENERAL'S OFFICE OF PUBLIC CHARITIES DIVISION IN ORDER FOR THE PUBLIC TO ACCESS A COPY OF THE SCHOOL'S AUDITED FINANCIAL STATEMENTS. THE SCHOOL RELIES ON THE WEBSITE OF THE MASSACHUSETTS' SECRETARY OF STATE'S OFFICE FOR PUBLIC ACCESS TO THE SCHOOL'S GOVERNING DOCUMENTS. THE SCHOOL'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE THAT IS COMPRISED OF 3 MEMBERS, ONE OF WHICH IS A TRUSTEE, THAT IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTING FIRM TO CONDUCT THE ANNUAL AUDIT, FOR MEETING WITH THE SELECTED AUDITORS PRIOR TO AND AT THE COMPLETION OF THE AUDIT, AND FOR REVIEWING ACCOUNTING POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, QUESTION 14 THE SCHOOL IS IN THE PROCESS OF FINALIZING A WRITTEN DOCUMENT RETENTION AND DOCUMENT DESTRUCTION POLICY