2011-11-14T13:04:09-06:00 2011-06-30 BLUM SHAPIRO & COMPANY PC 1001 HINGHAM STREET ROCKLAND MA 02370 990 2010-07-01 042574089 THE WALDORF SCHOOL INC WALD 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 JOSEPH O'REGAN 7818631063 2011-11-10 1 KEVIN T WHITE 7819821001 2011-11-10 2010 2016-02-24 21:20:13Z JOSEPH O'REGAN 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 4601679 0 X WWW.THEWALDORFSCHOOL.ORG X 1971 MA TO PROVIDE AN EDUCATIONAL ENVIRONMENT THAT SUPPORTS THE PHYSICAL, SPIRITUAL, SOCIAL, AND INTELLECTUAL GROWTH AND DEVELOPMENT OF OUR STUDENTS IN GRADES K-8. 14 11 64 40 0 0 197544 328976 3663611 3923580 5256 9831 83040 39733 3949451 4302120 575792 533673 0 0 2590761 2858487 0 0 73264 624835 671675 3791388 4063835 158063 238285 3880511 4263400 2315343 2425462 1565168 1837938 X WE ARE AN INDEPENDENT FACULTY-GUIDED PRE-KINDERGARTEN THROUGH EIGHTH GRADE WALDORF SCHOOL IN LEXINGTON, MASSACHUSETTS.OUR MISSION IS TO PROVIDE AN EDUCATIONAL ENVIRONMENT THAT SUPPORTS THE PHYSICAL, SPIRITUAL, SOCIAL, AND INTELLECTUAL GROWTH AND DEVELOPMENT OF OUR STUDENTS.OUR WORK IS BASED ON THE EDUCATIONAL CONTRIBUTIONS OF RUDOLF STEINER AND HIS INSIGHTS INTO HUMAN DEVELOPMENT AND SOCIAL FORMS.OUR GOAL IS TO AWAKEN AND FOSTER IN OUR STUDENTS-A SENSE OF WONDER-CREATIVE AND INQUIRING MINDS-A WELL-FOUNDED BELIEF IN THEIR CAPACITIES-STRENGTH OF CHARACTER, WILL, AND INTELLECT; AND-COMPASSION FOR AND INTEREST IN ALL LIFE 0 0 3183713 533673 3914010 PROVIDING A COMPREHENSIVE, CULTURAL EDUCATION TO ENCOURAGE THE 259 STUDENTS TO DEVELOP INTO CREATIVE, BALANCED, RESPONSIBLE, AND CLEAR-THINKING INDIVIDUALS. 52579 48370 PROVIDING SUMMER PROGRAMS TO FURTHER ENHANCE THE EDUCATION AND LIVES OF ITS STUDENTS. THERE WERE 17 PARTICIPANTS IN THE SUMMER PROGRAM DURING FISCAL YEAR 2011. 3236292 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 22 0 64 1 0 0 0 0 0 0 0 0 0 0 X 14 11 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MA X JOSEPH O'REGAN 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 02420 SHANNON AMES 1.00 X 0 0 0 JEFF ASK 1.00 X 0 0 0 TED BRAVEMAN 1.00 X 0 0 0 MIGUEL CANIZARES 1.00 X 0 0 0 SUSAN CODY 40.00 X 53542 0 8391 TOM DIGBY 1.00 X 0 0 0 CHERYL DRESSLER 1.00 X 0 0 0 JONATHAN GREEN 1.00 X 0 0 0 WENDY MARGO 40.00 X 50252 0 7722 HELENE SVAHNQVIST 1.00 X 0 0 0 SAMUEL DINNAR 1.00 X X 0 0 0 JONATHAN EDSON 1.00 X X 0 0 0 KEITH HARTT 1.00 X X 0 0 0 HELENA NIIVA 40.00 X X 59202 0 8671 JOE O'REGAN 40.00 X 92236 0 74356 255232 0 99140 0 0 1 0 0 43904 285072 38332 328976 TUITION & FEES 611600 3923580 3923580 3923580 4853 4853 38066 78651 -40585 -40585 -40585 8500 3522 4978 4978 4978 57537 43904 83482 -25945 -25945 201367 133904 67463 67463 RECOVERIES OF BAD DEBT 611600 34805 34805 MISCELLANEOUS PROGRAM 611600 3995 3995 38800 4302120 3962380 0 10764 533673 533673 374760 190855 157651 26254 1820751 1451165 340184 29402 59977 46663 12553 761 457574 371211 77120 9243 145425 112850 29199 3376 1630 1630 16850 16850 14815 14815 28895 28895 121850 69104 48518 4228 241680 227547 14133 10790 10790 94125 87212 6913 24642 20983 3659 MISCELLANEOUS 77515 75356 2159 DUES AND SUBSCRIPTIONS 25560 25560 PROFESSIONAL DEVELOPMEN 13323 13323 4063835 3236292 754279 73264 272153 287183 386180 647360 42694 17500 17515 23041 52260 56410 25153 18983 4489938 1531809 2863475 2958129 181751 220521 39330 34273 3880511 4263400 133437 173527 1072362 1161312 1109544 1090623 2315343 2425462 X 1400131 1598763 32986 107124 132051 132051 1565168 1837938 3880511 4263400 X 238285 34485 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 151486 4162 34300 189948 142150 5000 4336 151486 141637 513 142150 0.20400 0.69500 0.10100 0 0 800000 800000 1147718 360818 786900 2022226 795264 1226962 519994 375727 144267 2958129 FIDELITY BOND MUTUAL FUNDS 63467 F FIDELITY DOMESTIC EQUITY MUTUAL FUNDS 97677 F FIDELITY INTERNATIONAL EQUITY MUTUAL FUNDS 59377 F 220521 4302120 4063835 238285 34485 34485 272770 3951889 34485 -533673 -499188 4451077 -148957 -148957 4302120 3679119 183762 183762 3495357 568478 568478 4063835 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE INCOME TO SUPPORT PROGRAMS, FINANCIAL AID, AND FUTURE CAPITAL NEEDS/CAPITAL MAINTENANCE FOR THE SCHOOL. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -533,673. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -133,904. BAD DEBT RECOVERIES 34,805. NET LOSS ON RENTAL ACTIVITY -49,858. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 133,904. NET LOSS ON RENTAL ACTIVITY 49,858. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 533,673. BAD DEBT RECOVERIES 34,805. 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 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY TO THE GENERAL PUBLIC IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE). HOLIDAY EVENT 18769 18769 2319 4573 40TH GALA 82672 25135 57537 225 14982 100 61283 101441 43904 57537 225 17301 100 65856 83482 -25945 1 FINANCIAL AID 83 533673 0 OTHER INFORMATION: PART IV: THE TUITION ASSISTANCE PROGRAM (TAP) COMMITTEE OVERSEES THE ENTIRE TUITION ASSISTANCE APPLICATION AND AWARD PROCESS, AND MAKES ALL AWARD DECISIONS. THIS COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT AND MONITORING OF TUITION ASSISTANCE AWARDS TO ENSURE THEY ARE APPLIED PROPERLY TOWARDS TUITION OF THE SCHOOL AND THAT THE PROCESS FOR SELECTING RECIPIENTS IS IN ACCORDANCE WITH THE SCHOOL'S POLICIES. X X X X 0 0 0 0 0 0 0 0 0 JOE O'REGAN 92236 0 0 0 0 0 0 0 74356 0 166592 0 0 0 NOT REQUIRED TO BE DISCLOSED NOT REQUIRED TO BE DISCLOSED 11274 FINANCIAL AID DISCOUNT MEGAN CURTIS DAUGHTER OF TRUSTEE 47032 COMPENSATION, INCLUDING BENEFITS, FOR SERVICES AS TEACHER AND LIBRARIAN 0 KATHERINE GRAHAM-O'REGAN DAUGHTER OF OFFICER 2295 COMPENSATION FOR SERVICES AS A SUMMER PROGRAM COUNSELOR 0 X VARIOUS AUCTION ITEMS 117 38332 FMV AT DONATION 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR ENDED JUNE 30, 2011, THE SCHOOL'S BYLAWS WERE AMENDED. THE SIGNIFICANT CHANGES INCLUDED ADDING A "FACULTY" OFFICER, IF THERE IS A MEMBER OF THE FACULTY SERVING ON THE BOARD (EXCLUSIVE OF ANY EX-OFFICIO MEMBERS), AND TO PROHIBIT FACULTY MEMBERS FROM SERVING AS OFFICERS, EXCEPT AS THE "FACULTY OFFICER." PREVIOUSLY, FACULTY BOARD MEMBERS WERE PERMITTED TO SERVE AS THE BOARD SECRETARY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HOLD THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF FORM 990 HAS BEEN DISTRIBUTED TO ALL BOARD MEMBERS IN HARD COPY OR EMAIL PRIOR TO ITS FILING. QUESTIONS AND CLARIFICATIONS CAN BE DIRECTED TOWARD THE DIRECTOR OF FINANCE AND ADMINSTRATION, TREASURER, OR FINANCE COMMITTEE MEMBERS PRIOR TO THE FILING DATE. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE 990 TO THE FINANCE COMMITTEE. THE FORM 990 AND ALL REQUIRED SUPPLEMENTAL SCHEDULES, EXCEPT FOR SCHEDULE B DUE TO CONFIDENTIALITY REASONS, HAVE BEEN REVIEWED FOR COMPLETENESS AND ACCURACY BY THE FINANCE COMMITTEE PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER ANNUALLY COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE TRUSTEE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE WALDORF SCHOOL INC. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE SCHOOL DIRECTOR, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. ANY INDIVIDUALS WITH IDENTIFIED CONFLICTS OF INTEREST DO NOT PARTICIPATE IN DICUSSIONS OR VOTES WITH RESPECT TO THOSE MATTERS, NOR ARE THEY PERMITTED TO EXERT INFLUENCE ON ANY VOTING MEMBER REGARDING THOSE MATTERS. THIS POLICY IS APPLICABLE TO ALL OFFICERS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION POLICY STATES THAT THE PROCESS INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OR COMPENSATION COMMITTEE OF THE WALDORF SCHOOL INC, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. (3)CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THIS PROCESS WAS PERFORMED DURING THE CURRENT FISCAL YEAR FOR THE POSITION OF THE INTERIM SCHOOL DIRECTOR AND SCHOOL DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THESE DOCUMENTS ARE MADE AVAILABLE IN THE SCHOOL'S MAIN BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 34,485. FORM 990, PART XI, LINE 2C: THE SCHOOL'S AUDIT AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS OF THE SCHOOL AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINE 15B THE SCHOOL DID NOT COMPENSATE ANY INDIVIDUAL MEETING THE DEFINITION OF OFFICER OR KEY EMPLOYEE, OTHER THAN AS DESCRIBED IN LINE 15A.