2011-02-09T13:27:22-07:00 2010-06-30 990 2009-07-01 042103632 TABOR ACADEMY TABO 5087482000 Front Street Marion MA 02738 Paul White 5087482000 2011-02-08 2009 2016-02-24 21:20:13Z Jay S Stroud Front St Marion MA 02738 26462910 0 X www.taboracademy.org X 1876 MA Independent Secondary Education 23 23 312 0 0 0 1134949 2052666 23311429 23656938 -1051821 747728 30500 5578 23425057 26462910 3867900 4647100 0 0 12150465 12448522 0 0 1049732 9535733 8643570 25554098 25739192 -2129041 723718 75612428 76203024 23006322 22312902 52606106 53890122 Tabor Academy, as a coeducatonal college preparatory school, focuses its academic programs to inspire a life-long love of learning, to instill a passion for the highest standards of achievement, to encourage personal responsibility, and to foster care for others and committed citizenship. 0 0 21004635 4647100 23656938 Tabor Academy is an independent secondary boarding and day school engaged in the process of educating approximately 500 students. 0 0 0 21004635 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 312 1 0 1 CJ 0 0 0 1 1 0 1 1 1 1 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA X Paul C White 5087482000 Tabor Academy Marion MA 02738 Peter Aronson 2 X 0 0 0 David Barrett 2 X 0 0 0 Keith Browning 4 X X 0 0 0 William Phelps 2 X 0 0 0 R William Blasdale 2 X 0 0 0 Edward Jeager 2 X 0 0 0 Barbara Marlow 2 X 0 0 0 Phillips Smith 2 X X 0 0 0 John Swope 2 X X 0 0 0 Carmine Martignetti 2 X 0 0 0 Deborah Clark 2 X X 0 0 0 Joanne Fallon 2 X 0 0 0 Geoffrey Worrell 2 X 0 0 0 William Hurley III 2 X 0 0 0 Wendy Macdonald 2 X 0 0 0 Louis Wolfe 2 X 0 0 0 Susan Grosart 2 X 0 0 0 Lee Pokoik 2 X 0 0 0 David Campbell 2 X 0 0 0 Robert Fawcett 2 X 0 0 0 Paul Murphy 2 X 0 0 0 Charles Talanian 2 X 0 0 0 James Tomlinson 2 X 0 0 0 Jay Stroud 50 X X 965454 0 0 Paul White 50 X X 212968 0 0 Donald Wing 40 X 124884 0 0 Richard Roller 40 X 104490 0 0 Andrew McCain 40 X 98522 0 0 1506318 0 0 4 0 1 0 Prospect Building Services 360 Pearl Street Malden MA 02148 Custodial Services 144315 1 0 0 0 0 0 2052666 0 2052666 Tuition 900099 20983130 20983130 0 0 Endowment Availment 900099 1529129 1529129 0 0 Miscellaneous Income (no UBIT) 900099 561151 561151 0 0 Trust Income 900099 328782 328782 0 0 Student Activities 900099 240330 240330 0 0 14416 14416 0 0 23656938 246799 246799 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 495786 5143 0 0 495786 5143 500929 500929 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5578 0 5578 5578 0 0 0 26462910 24410244 0 0 0 0 4647100 4647100 0 0 0 0 817345 0 817345 0 0 0 0 0 8816294 7850116 303607 662571 805426 716249 56048 33129 1332005 1085404 154990 91611 677452 552032 78827 46593 0 0 0 0 63468 0 63468 0 66525 0 66525 0 0 0 0 0 0 0 39042 0 39042 0 29301 0 29301 0 194863 75336 58788 60739 500406 362787 116109 21510 75946 0 75946 0 0 0 0 0 1836997 1508089 328908 0 66775 17695 17272 31808 0 0 0 0 31826 1426 10286 20114 634725 0 634725 0 0 0 0 0 1849540 1849540 0 0 157610 0 157610 0 Instruction 697527 697527 0 0 Student Support Services 1345518 1345518 0 0 Waterfront 73189 73189 0 0 Administration 757685 0 676028 81657 222627 222627 0 0 25739192 21004635 3684825 1049732 1677600 2112071 62741 78041 2245357 463323 684278 1698709 0 0 0 0 531076 542166 0 0 742183 645328 62836927 26164401 37631345 36672526 25149115 26443036 0 0 0 6888733 7547824 75612428 76203024 2613773 1834920 0 0 0 0 12240000 11495000 0 0 0 0 1300000 1300000 0 0 6852549 7682982 23006322 22312902 X 21250840 20356770 12542232 13565253 18813034 19968099 52606106 53890122 75612428 76203024 X 1 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24135181 594795 2927306 544936 908604 98336 26105406 30642788 288191 -5065395 583932 976766 169705 24135181 0.23 0.77 0 0 0 419759 0 419759 52137549 0 20045324 32092225 1873308 0 754255 1119053 8361848 0 5364822 2997026 44463 0 0 44463 36672526 0 Beneficial Interest in Perpetual Trust 6025547 Beneficial Interest in CRUTs 1418193 Trust Income Receivable 72261 Loans to Employees 21206 Stock in Transit 10450 Other Receivables 167 7547824 0 Advanced tuition and deposits 3307494 Accrued Pension Liability 1928641 Interest Rate Swap Agreement 1686084 Annuity Payable 760763 7682982 26462910 25739192 723718 2206444 0 -109855 0 -1536291 560298 1284016 23266836 2206444 0 0 0 2206444 21060392 0 5402518 5402518 26462910 21092092 0 0 0 0 0 21092092 0 4647100 4647100 25739192 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment serves to support scholarship, faculty, academic and extracurricular programs, and the general advancement of the institution. SchD_P10_S00_L00 Schedule D, Part X The Academy is a not-for-profit organization that is exempt form income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, noprovision for income taxes has been recorded in the accompanying financial statements. As required by ASC 740, Income Taxes, the Academy recognizes the financial statement bendfit of a tax postion only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relative tax authority. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Chng in Split Int = 707,825. Income used for op = (1,453,540). Chng in Swap Agmt = (487,585). Pension charge= (302,991). Total = (1,536,291). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Contributions = 917,770. Provision for uncollectible = (173,073). Sale of stock = 5,143. Sale of Inventory = 5,578. Subtotal = 755,418. Financial Aid = 4,467100. Grand total = 5,402,518. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial Aid = 4,647,100. 1 1 1 We promulgate each year our nondiscriminatory policies through several ads in local and regional newspapers during the period of solicitation of students. 0 1 1 1 The school does not maintain any records by racial compostion for its student body, faculty, and administrative staff. 0 0 0 0 0 0 0 0 0 0 1 Scholarship for students to attend Tabor Academy. North America (including Canada and Mexico, but not the United States) 3 0 na 88200 Tuition Remission Financial Aid Process Scholarship for student to attend Tabor Academy. South America 1 0 na 11500 Tuition Remission Financial Aid Process Scholarship for students to attend Tabor Academy. East Asia and the Pacific 3 0 na 57900 Tuition Remission Financial Aid Process SchF_P03_S00_L00 Schedule F, Part III All grants are scholarships awarded by need in the form of tuition remission, and they can only be used to reduce the amount of tuition owed by a given family for an academic year. Need is determined by analyzing tax forms and/or other information supplied by families, typically to the School Scholarship Services in Princeton, NJ. 1 Scholarship for students to attend Tabor Academy. 166 0 3867900 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grants are scholarships awarded by demonstrated need in the form of tuition remission, and they can only be used to reduce the amount of tuition owed by a given family for an academic year. Need is determined by analyzing tax forms and/or other information from School Scholarship Services in Princeton, NJ. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Jay Stroud 277481 0 0 0 687973 0 97748 0 24300 0 1087502 0 369737 0 Paul White 212968 0 0 0 0 0 21297 0 0 0 234265 0 235950 0 Donald Wing 124884 0 0 0 0 0 12488 0 0 0 137372 0 137135 0 Richard Roller 104450 0 0 0 0 0 10445 0 0 0 114895 0 115505 0 Andrew McCain 98522 0 0 0 0 0 9852 0 0 0 108374 0 108563 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Jay Stroud, Headmaster, is required to live on campus as part of his job description and is provided with housing for the convenience of Tabor Academy. He is provided with memberships to our town yacht club and golf course, as well as being provided with maid services for his residence. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Jay Stroud's reportable income from W-2 was 964,454. However, 687,973 is as a result of IRS mandated payout of a deferred compensation plan upon his reaching age 65. Massachusetts Development Finance Agency 043431814 57583RJM8 2007-02-08 7805000 Refunding 1998 Series Bond 0 0 Massachusetts Development Finance Agency 043431814 57583RJN6 2007-02-08 5910000 Construction Math/Science Building 0 0 7805000 0 7615173 0 189827 0 0 2007 1 0 1 1 5910000 0 0 0 111189 5798811 5798111 2007 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Copies of the Form 990 are provided to the Trustees after it is filed. Its contents will be reviewed by the Audit Committee at their next session, with a report to the entire Board to follow. In that regard, the contents of the audit have been reviewed thoroughly in a previous Trustee meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Trustees regularly address the issue of conflict of interest in their meetings and require that each trustee disclose in writing on an annual basis any such interest that could give rise to conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation for the Headmaster is set by the Board of Trustees after reviewing comparative data and careful deliberation. The Headmaster then determines compensation for other key and highest paid employees based upon review of comparative data and careful deliberation. In this regard, the Trustees approve in advance a percentage increase in slary for the employees of the Academy. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.