2011-11-01T13:32:39-05:00 2011-06-30 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST STE 401 CONCORD NH 03301 990 2010-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 PETER HENDEL 6035361748 2011-10-26 1 ORESTE J MOSCA 6032245357 2010 2016-03-07 17:11:31Z PETER HENDEL CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 26192117 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 278. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 27 27 213 27 0 0 3385855 5109672 11775733 12384781 -79650 790453 0 0 15081938 18284906 2612613 2825998 0 0 3891919 7449250 0 0 1034949 8163921 5355344 14668453 15630592 413485 2654314 64039849 77512008 4682083 8906233 59357766 68605775 X LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 278. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. WITHIN THE CONTEXT OF A CARING COMMUNITY, HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN EACH STUDENT, INSTILLING IN ALL THE RESOLVE TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 12201533 12384781 PRIVATE SECONDARY SCHOOL WHICH SERVICED 278 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, TEACHING SUBJECTS USUALLY TAUGHT IN PUBLIC SCHOOLS. DURING THE SUMMER MONTHS THE SCHOOL HOSTS SCIENTIFIC CONFERENCES. 12201533 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 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 X 62 0 213 1 0 1 CJ BD NT 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NH X X PETER HENDEL 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 MR PETER KIMBALL 2.00 X 0 0 0 MR PAUL MARTINI 2.00 X 0 0 0 MR WILHELM NORTHROP 3.00 X X 0 0 0 MR WILLIAM L PRICKETT 3.00 X X 0 0 0 MR NELSON ARMSTRONG 3.00 X X 0 0 0 MR JOHN A STRAUS 2.00 X 0 0 0 MR NIGEL D FURLONGE 2.00 X 0 0 0 MR DOUGLAS H GRISWOLD 2.00 X 0 0 0 MR JAMES HAMBLIN 3.00 X X 0 0 0 MR PETER NORDBLOM 2.00 X 0 0 0 MS RM VAN OTTERLOO 2.00 X 0 0 0 MR CHRISTOPHER CARNEY 2.00 X 0 0 0 MR JON Q REYNOLDS 2.00 X 0 0 0 MR FRANK BONSAL 2.00 X 0 0 0 MR RUSSELL CUSHMAN 2.00 X 0 0 0 MR RICHARD NESBITT 2.00 X 0 0 0 MS TAMAR PICHETTE 2.00 X 0 0 0 MR IAN SANDERSON 2.00 X 0 0 0 MS JENNY SEEMAN 2.00 X 0 0 0 MS ELLYN WEISEL 2.00 X 0 0 0 MS GRACE BIRD 2.00 X 0 0 0 MS ELIZABETH BUNCE 2.00 X 0 0 0 MR RANDOLPH DALES 2.00 X 0 0 0 MS TRACY GILLETTE 2.00 X 0 0 0 MR ROBERT HALL 2.00 X 0 0 0 MS VGENE ROBINSON 2.00 X 0 0 0 MR DOUGLAS THEUNER 2.00 X 0 0 0 MR R PHILLIP PECK 60.00 X 197288 0 44512 MR PETER HENDEL 60.00 X 124410 0 29115 MR ROBERT CALDWELL 60.00 X 139980 0 13470 461678 0 87097 3 0 1 0 SAMYN D'EILA ARCHITECTS PO BOX 1259 ASHLAND NH 03217 ARCHITECTURE 404660 1 21078 5088594 422314 5109672 TUITION AND FEES 900099 11500200 11500200 SCHOOL ACTIVITY REVENU 900099 455336 455336 SUMMER PROGRAM REVENUE 900099 429245 429245 12384781 651554 651554 8042160 3950 7907211 0 134949 3950 138899 138899 18284906 12384781 0 790453 2825998 2825998 409261 251789 157472 5369477 3797307 980380 591790 454689 318595 89530 46564 729467 516667 132689 80111 486356 341189 92744 52423 36103 36103 53109 53109 134788 134788 13761 13341 420 97770 25736 72034 76952 62313 14639 177188 171178 6010 1019197 955321 63876 195292 98463 23352 73477 68291 21183 47108 66064 66064 925829 925829 150661 150661 RESIDENTIAL SERVICES 572441 572441 TUITION REMISSION 445230 445230 SUMMER PROGRAM 302768 302768 ATHLETICS 267609 267609 FACULTY RELATED 185418 185418 566873 396909 119591 50373 15630592 12201533 2394110 1034949 700 700 4001601 4851172 3194213 4035207 50143 48460 157624 196753 269948 254342 37538674 14484997 18334858 23053677 38030762 45071697 64039849 77512008 697885 1290502 1484198 4115731 2500000 3500000 4682083 8906233 X 25618513 26525899 15072510 21945070 18666743 20134806 59357766 68605775 64039849 77512008 X 2654314 6593695 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39227478 1383254 7241576 736171 629075 165166 46321896 36670099 341859 3685605 669632 633927 166526 39227478 45507114 2020954 -9472597 616991 603741 164640 36670099 0.20790 0.43470 0.35740 0 0 257882 257882 33011369 11092656 21918713 4269423 3392341 877082 23053677 INVESTMENTS - SECURITIES 42763266 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 2308431 F 45071697 18284906 15630592 2654314 6307945 285750 6593695 9248009 21917815 6307945 285750 6593695 15324120 134788 2825998 2960786 18284906 12669806 0 12669806 134788 2825998 2960786 15630592 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740), ON APRIL 1, 2009. FASB ASC 740 SEEKS TO REDUCE THE DIVERSITY IN PRACTICE ASSOCIATED WITH CERTAIN ASPECTS OF MEASUREMENT AND RECOGNITION IN ACCOUNTING FOR INCOME TAXES. IN ADDITION, FASB ASC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND ACCOUNTING IN INTERIM PERIODS AND REQUIRES EXPANDED DISCLOSURE WITH RESPECT TO THE UNCERTAINTY IN INCOME TAXES. THE SCHOOL'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS INCLUDES A REVIEW OF ALL MATERIAL TAX POSITIONS FOR ALL TYPES OF TAXES IN ALL JURISDICTIONS AND FOR ALL OPEN YEARS IN ACCORDANCE WITH THE RECOGNITION AND MEASUREMENT REQUIREMENTS OF FASB ASC 740. THE MOST COMMON TAX POSITION FOR THE SCHOOL IS A POSITION TAKEN IN THE ENTITY'S TAX EXEMPT STATUS. HOWEVER, FASB ASC 740 ALSO LOOKS AT OTHER FORMS OF TAX POSITIONS, INCLUDING WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. ONCE THIS PROCESS IS COMPLETED, THE POSITIONS ARE EVALUATED IN TERMS OF THEIR LIKELIHOOD TO SUCCEED. FOR TAX POSITIONS THAT DO NOT MEET THE DEFINITION OF MORE LIKELY THAN NOT TO SUCCEED, NO TAX BENEFIT IS CONSIDERED. ONLY THOSE TAX POSITIONS THAT HAVE A GREATER-THAN-50% CHANCE OF BEING SUSTAINED ON AUDIT BY A KNOWLEDGEABLE AGENT ARE INCLUDED IN VALUING THE BENEFIT. THIS ANALYSIS IS PERFORMED USING ALL RELEVANT AUTHORITIES. THE SCHOOL FILES THE FORM 990. WITH FEW EXCEPTIONS THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2007. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITIES FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 8: INCREASE IN VALUE OF THE SCHOOL'S SPLIT-INTEREST AGREEMENTS $285,750. PART XII, LINE 2D: INCREASE IN VALUE OF THE SCHOOL'S SPLIT-INTEREST AGREEMENTS $285.750. PART XII, LINE 4B: SCHOLARSHIPS AND STUDENT LOANS $2,825,998 PART XIII, LINE 4B: SCHOLARSHIPS AND STUDENT LOANS $2,825,998 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A FEDERAL GRANT FOR SCHOOL LUNCHES IN THE AMOUNT OF $21,078 FOR THE FISCAL YEAR ENDED JUNE 30, 2011. 1 FINANCIAL AID TO STUDENTS 110 2825998 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE TO ATTEND HOLDERNESS SCHOOL PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MR R PHILLIP PECK 197288 0 0 0 0 0 18648 0 25864 0 241800 0 0 0 MR PETER HENDEL 124410 0 0 0 0 0 11754 0 17361 0 153525 0 0 0 MR ROBERT CALDWELL 139980 0 0 0 0 0 12483 0 987 0 153450 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2010-12-28 3500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 3500000 3500000 2011 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 37 416698 FMV ON DONATION DATE X RADIOS 1 207 FMV OF DONATION X CARPETING 1 5409 COST 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): COLUMN (B) NUMBER OF CONTRIBUTORS IS REPRESENTATIVE OF THE NUMBER OF CONTRIBUTIONS GIVEN DURING THE FISCAL YEAR. FOR SECURITIES, EACH SEPARATE GIFT, RATHER THAN EACH SHARE OF STOCK RECEIVED, IS INCLUDED AS A CONTRIBUTION ITEM. FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE AT THEIR SEPTEMBER BOARD MEETING. THIS COMMITTEE THEN RECOMMENDS ACCEPTANCE OF THE FORM 990 BY THE FULL BOARD OF TRUSTEES AT THEIR OCTOBER BOARD MEETING. SCHEDULE B LIST OF CONTRIBUTORS IS EXCLUDED FROM THE DRAFT FORM 990 THAT IS REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY MAILED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN SEPTEMBER AND IS DUE AT THE SCHOOL'S BUSINESS OFFICE BY OCTOBER 3RD. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES OF THE SCHOOL. THE FORMAL PROCESS FOR DETERMINING COMPENSATION OF ALL KEY EMPLOYEES IS AS FOLLOWS: HEAD OF SCHOOL - ANNUALLY THE COMPENSATION COMMITTEE MEETS AND REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND ALSO REVIEWS BENCHMARK INFORMATION OF SALARY AND BENEFITS FROM 14 PEER SCHOOLS. THE COMMITTEE THEN RECOMMENDS A TOTAL COMPENSATION PACKAGE. THIS RECOMMENDATION IS REVIEWED AND VOTED ON BY THE FULL BOARD OF TRUSTEES. OTHER HIGHLY COMPENSATED EMPLOYEES OF THE SCHOOL - ANNUALLY THE HEAD OF SCHOOL PRESENTS TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW HIS/HER RECOMMENDATION AS TO THE COMPENSATION LEVELS FOR ANY HIGHLY COMPENSATED EMPLOYEE OF THE SCHOOL. THE HEAD SUPPORTS THESE DECISIONS WITH A REPORT ON JOB PERFORMANCE FOR EACH EMPLOYEE AND WITH BENCHMARK INFORMATION FROM 14 PEER BOARDING SCHOOLS. THIS PROCEDURE WAS LAST CONDUCTED ON OCTOBER 21, 2011. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 6,307,945. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 285,750. TOTAL TO FORM 990, PART XI, LINE 5: 6,593,695.