2011-11-11T13:33:04-06:00 2011-06-30 BLUM SHAPIRO & COMPANY PC 1001 HINGHAM STREET ROCKLAND MA 02370 990 2010-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 LUCILLE KOOYOOMJIAN 6174843078 2011-11-09 1 MICHELLE Y HATCH 7819821001 2011-11-09 2010 2016-03-07 17:11:31Z ANNETTE RAPHEL 55 DAY SCHOOL LANE BELMONT MA 02478 10245152 0 X BELMONTDAY.ORG X 1927 MA SCHEDULE O 29 26 183 140 0 0 1989536 1010974 8485429 8855104 177149 199026 23599 -49363 10675713 10015741 841762 860479 0 0 5610596 5931169 0 0 352081 2530768 2955666 8983126 9747314 1692587 268427 30998784 32633727 15562048 15588772 15436736 17044955 X SEE SCHEDULE O 0 0 7071303 801237 7250939 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 276 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, SPANISH, AND PHYSICAL EDUCATION. 692267 7450 1281304 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 630 CHILDREN ATTEND SUMMER SESSION. 274595 51792 340767 THE EXTERNAL PROGRAMS PROVIDE APPROXIMATELY 100 CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. 8038165 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 80 0 183 1 0 0 0 0 0 0 0 0 0 0 X 29 26 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 MA X LUCILLE KOOYOOMJIAN 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 STEVEN BERCU 1.00 X 0 0 0 ERICA CARERE 1.00 X 0 0 0 DIANA CHIGAS 1.00 X 0 0 0 JENNIFER JONES CLARK 1.00 X 0 0 0 STACIE CLAYTON 1.00 X 0 0 0 CONNAUGHT COLBERT 1.00 X 0 0 0 ANDREW COMPAINE 1.00 X 0 0 0 STEPHEN DADAGIAN 1.00 X 0 0 0 MARK DOLNY 1.00 X 0 0 0 BRUCE DONALD 1.00 X 0 0 0 EDWARD FOLEY 1.00 X 0 0 0 LESLIE JENG 1.00 X 0 0 0 MARGARET RAMSEY MCCLUSKEY 1.00 X 0 0 0 MINOU PALANDJIAN 1.00 X 0 0 0 WILLIAM PAINE 1.00 X 0 0 0 SUSAN LOCONTO PENTA 1.00 X 0 0 0 CHARLES STYRON 1.00 X 0 0 0 ANDREA SUSSMAN 1.00 X 0 0 0 CAROLINE THIES 1.00 X 0 0 0 RICHARD THOMPSON 1.00 X 0 0 0 ELSPETH MCCANN 1.00 X 0 0 0 THOMAS HANCOCK 1.00 X 0 0 0 KRISTEN LEWIS 1.00 X 0 0 0 BRIT DEWEY 1.00 X 0 0 0 LANA HOLMAN 40.00 X 63935 0 5187 JOHN SUCICH 40.00 X 66207 0 14419 BETTY CHU PRYOR 40.00 X 68202 0 8146 MARGARET WADE 1.00 X X 0 0 0 KAREN LIESCHING 1.00 X X 0 0 0 LUIS VICEIRA 1.00 X X 0 0 0 NICHOLAS NOMICOS 1.00 X X 0 0 0 LENESA LEANA 40.00 X X 295274 0 23132 LUCILLE R KOOYOOMJIAN 40.00 X 140525 0 17908 634143 0 68792 2 0 1 0 ARGUS CONSTRUCTION CORP 363 GREAT ROAD SUITE 203 BEFORD MA 01730 CONSTRUCTION SERVICES 154835 1 93715 917259 157926 1010974 TUITION & FEES - WINTE 611600 7186833 7186833 TUITION & FEES - SUMME 611600 1239664 1239664 TUITION & FEES - EXT. 611600 279211 279211 TUITION & FEES - OTHER 611600 149396 149396 8855104 199497 199497 27575 28046 -471 -471 -471 128071 93715 200203 -72132 -72132 6025 1162 4863 4863 MISCELLANEOUS 611600 17906 17906 17906 10015741 8873010 0 131757 860479 860479 737596 231874 471170 34552 4270329 3678604 390382 201343 190493 163631 20434 6428 390393 367616 18357 4420 342358 276823 48296 17239 42241 42241 30350 30350 78797 70475 8322 62178 25710 29905 6563 422705 361491 11416 49798 65619 65619 415240 412503 2158 579 92699 81488 11211 391952 389182 2184 586 637518 633317 3313 888 80236 2848 77388 MISCELLANEOUS 210285 135416 74869 FOOD & KITCHEN 180006 180006 PRINTING & PUBLICATIONS 107669 9065 98604 ATHLETICS 49998 49998 EQUIPMENT RENTAL & MAIN 48927 32459 16468 39246 9561 29685 9747314 8038165 1357068 352081 721111 602376 4475231 3786870 1548900 1091987 30768 35836 249298 219570 21345907 7053709 14710764 14292198 79438 5738919 9001091 6763251 182183 102720 30998784 32633727 711406 689139 3960038 3959253 10125000 10940380 765604 0 15562048 15588772 X 9717208 11152789 2401914 2338247 3317614 3553919 15436736 17044955 30998784 32633727 X 268427 1339792 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1 0 0.00 0 0 9080529 2214547 1812904 414000 12693980 7872588 457009 895977 145045 9080529 7905268 1414788 -1236788 210680 7872588 0.65490 0.27290 0.07220 0 0 1117580 1117580 17012669 5143905 11868764 1913632 1410574 503058 1302026 499230 802796 14292198 COMMONFUND INVESTMENTS 5987327 F NYES LEDGE CAPITAL OFFSHORE FUND 775924 F 6763251 10015741 9747314 268427 1642223 -4297 -18163 -279971 1339792 1608219 10869461 18154 781744 799898 10069563 18163 -71985 -53822 10015741 9261242 22451 351956 374407 8886835 860479 860479 9747314 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE SCHOOL OWNS A PARCEL OF LAND WHICH IS SUBJECT TO A CONSERVATION EASEMENT REQUIRING THAT IT BE PRESERVED AS OPEN SPACE. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED AND REALIZED LOSSES ON INTEREST RATE SWAP AGREEMENT -28,260. CHANGE IN SPLIT INTEREST AGREEMENT -251,711. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -860,479. REALIZED AND UNREALIZED GAINS ON INVESTMENTS 1,642,223. PART XII, LINE 4B - OTHER ADJUSTMENTS: AUCTION/RAFFLE EXPENSES -71,985. PART XIII, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED AND REALIZED LOSSES ON INTEREST RATE SWAP AGREEMENT 28,260. CHANGE IN SPLIT INTEREST AGREEMENT 251,711. ACTION/RAFFLE EXPENSES 71,985. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 860,479. 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 NOTICE OF NON-DISCRIMINATION POLICY APPEARS IN NEWSPAPER WITH LARGEST CIRCULATION IN THE AREA AUCTION 221786 93715 128071 7864 20534 171805 221786 93715 128071 7864 20534 171805 200203 -72132 1 FINANCIAL AID 51 860479 OTHER INFORMATION: PART IV: FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LENESA LEANA 282963 0 0 0 12311 0 12250 0 10882 0 318406 0 0 0 LUCILLE R KOOYOOMJIAN 140525 0 0 0 0 0 7026 0 10882 0 158433 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES A MONTHLY HOUSING ALLOWANCE AND USE OF A SCHOOL LEASED AUTOMOBILE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043438140 2011-05-03 11000000 TO PAY OFF 2001 BONDS AND VARIOUS SCHOOL PROJECTS, INCLUDING AN HVAC SYSTEM. 0 0 0 59620 11000000 1665633 103820 9230547 1 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 DISCLOSURE NOT REQUIRED SEE PART V 35920 NEED BASED ASSIST. SEE PART V PART III COLUMN B GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES OR SUBSTANTIAL CONTRIBUTORS WHO ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). PART III COLUMN C GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS AMOUNT OF GRANTS BENEFITING INTERESTED PERSONS REPRESENTS 4% OF TOTAL GRANTS AWARDED FOR THE YEAR. X 4 28046 FMV AT DONATION X VARIOUS AUCT. ITEMS 195 129880 FMV AT DONATION 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION HIRED A THIRD PARTY TO HELP FACILITATE AN ON-LINE AND LIVE AUCTION DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE TREASURER OF THE BOARD, THE PRESIDENT OF THE BOARD, THE BUSINESS MANAGER AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE BUSINESS MANAGER SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE BUSINESS MANAGER TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND BUSINESS MANAGER, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR THE HEAD OF SCHOOL IN FISCAL 2011 AND BUSINESS MANAGER IN FISCAL 2008. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE BUSINESS MANAGER'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,642,223. DONATED SERVICES AND USE OF FACILITIES: -4,297. INVESTMENT EXPENSES: -18,163. NET UNREALIZED AND REALIZED LOSSES ON INTEREST RATE SWAP AGREEMENT -28,260. CHANGE IN SPLIT INTEREST AGREEMENT -251,711. TOTAL TO FORM 990, PART XI, LINE 5: 1,339,792. ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES FORM 990, PART I, LINE 1: BELMONT DAY SCHOOL IS AN EDUCATIONAL INSTITUTION DEDICATED TO PROVIDING A PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS, PRE-KINDERGARTEN THROUGH EIGHTH GRADE, THAT BALANCES CREATIVE PROJECT WORK WITH TRADITIONAL SKILL INSTRUCTION. TOGETHER STUDENTS, FACULTY AND FAMILIES CREATE A CULTURE THAT RESTS ON RESPECT AND CARE AND VALUES EXCELLENCE IN ALL MATTERS OF EDUCATION. AT BELMONT DAY SCHOOL THE STUDENTS ARE AT THE CENTER OF ALL ACTIVITY. THEIR EDUCATIONAL NEEDS SHAPE THE PROGRAM, THEIR OBSERVATIONS AND QUESTIONS GUIDE ALL REFLECTIONS, AND THEIR DEVELOPMENT IS A CONSTANT TOPIC OF CONVERSATION AMONG TEACHERS AND STAFF. ESSENTIAL TO THE SUCCESS OF BELMONT DAY SCHOOL IS A FACULTY WHO ARE COMMITTED TO KNOWING THE CHILDREN IN THEIR CLASSES AND FINDING THE BEST PATHWAYS TO SUPPORT THEIR LEARNING. BELMONT DAY SCHOOL TEACHERS ARE KNOWLEDGEABLE ABOUT DEVELOPMENTAL THEORY AND REFER TO COGNITIVE MILESTONES AS THEY DEVISE THEIR CLASSROOM PROGRAMS. ANOTHER COMPONENT OF THE HEALTHY ATMOSPHERE OF THE SCHOOL IS THE STRONG PARTNERSHIP THAT EXISTS BETWEEN FAMILIES AND FACULTY. FROM ITS FOUNDING IN 1927 BY A GROUP OF PARENTS, OUR FAMILIES AND FACULTY HAVE WORKED ASSIDUOUSLY TO MAINTAIN A POSITIVE AND OPEN RELATIONSHIP WITH ONE ANOTHER AS THEY SUPPORT THE LEARNING OF OUR STUDENTS. THE BOARD OF TRUSTEES, WHICH IS COMPOSED PRIMARILY OF CURRENT PARENTS AND INCLUDES THE HEAD OF SCHOOL AND TWO FACULTY MEMBERS, HOLDS THE MISSION OF THE SCHOOL AS ITS GUIDE IN DECISION MAKING. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, LINE 14: THE SCHOOL DID NOT HAVE A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY FOR FISCAL YEAR 2011. THE SCHOOL RETAINED ALL FINANCIAL DOCUMENTS FOR SEVEN YEARS AND ALL PERSONNEL AND STUDENT RECORDS FROM THE TIME THEY WERE FIRST FILED IN THE FILE STORAGE ROOM. IN ADDITION, THE SCHOOL'S POLICY WAS THAT NO DOCUMENTS WOULD BE DESTROYED OR FALSIFIED TO PREVENT THEIR USE IN LITIGATION OR OFFICIAL PROCEEDINGS. THE SCHOOL IS CURRENTLY WORKING ON ADOPTING A FORMAL DOCUMENT RENTENTION AND DESTRUCTION POLICY.