2026-05-11T08:07:00-05:00 2025-06-30 061009205 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 042103636 WALNUT HILL CENTER FOR THE ARTS INC WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 LINDA DENNISON CFO 5086505015 2026-05-07 1 0 LUKE BURNETT P01079018 9786202000 2026-05-07 2024 2025-03-06 01:10:19Z WALNUT HILL SCHOOL FOR THE ARTS ERIC BARBER 12 HIGHLAND STREET NATICK MA 01760 36884910 0 X WWW.WALNUTHILLARTS.ORG X 1916 MA WALNUT HILL CENTER FOR THE ARTS EDUCATES AND TRAINS CREATIVE AND INTELLECTUALLY CURIOUS YOUNG ARTISTS TO MAKE AN ENDURING IMPACT ON THE WORLD. 25 25 280 30 0 0 5010335 2055182 19960378 22733282 1080952 2008038 92018 73446 26143683 26869948 4478669 5241692 0 0 10143762 10914535 0 0 1224138 9855910 10511715 24478341 26667942 1665342 202006 75686277 75005707 26179724 25029746 49506553 49975961 WALNUT HILL CENTER FOR THE ARTS TRANSFORMS LIVES, BUILDS COMMUNITY AND EXPANDS CULTURE THROUGH THE ARTS. 0 0 13074377 5241692 22392905 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 274 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS. 6344853 181889 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 274 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 274 STUDENTS, APPROXIMATELY 180 STUDENTS LIVED ON-CAMPUS. 1245502 231934 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 92 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. 20664732 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 51 0 1 280 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X LINDA DENNISON 5086505015 12 HIGHLAND STREET NATICK MA 01760 ERIC BARBER HEAD OF SCHOOL 40.00 X 300782 0 81046 ALLISON M COOLEY CHIEF DEVEL. OFFICER AS OF 02/2024 40.00 X 178147 0 24468 KEVIN SMITH DIR. OF ENROLLMENT MGMT. UNTIL 11/24 40.00 X 136220 0 46718 PO-WEI WENG ASSISTANT HEAD OF SCHOOL 40.00 X 130366 0 40271 ELIZABETH MINNUCCI DIRECTOR OF HEALTH SERVICES 40.00 X 115909 0 35601 JOHN DELLA CIOPPA DIRECTOR OF FACILITIES & OPERATIONS 40.00 X 103868 0 46543 PATRICK E GULLO DIR. OF STRATEGIC MKTG. & COMM. 40.00 X 125068 0 14099 MELISSA R CASSEL DEAN OF STUDENTS 40.00 X 104690 0 23206 JANE SEGALE CFO UNTIL 06/24 40.00 X 101238 0 24440 JENNIFER ELOWITCH DIRECTOR OF MUSIC 40.00 X 114910 0 3827 LINDA P DENNISON INTERIM CFO 40.00 X 95092 0 6208 JENNIFER TOOLIN MCAULIFFE TRUSTEE/CHAIR 5.00 X X 0 0 0 DONNA EGAN TRUSTEE/VICE CHAIR AS OF 06/30/25 5.00 X X 0 0 0 KAREN MCKEEL CALBY TRUSTEE/TREASURER 5.00 X X 0 0 0 LISA ROTHMAN TRUSTEE/CLERK 5.00 X X 0 0 0 LINDA WISNEWSKI TRUSTEE 5.00 X 0 0 0 EVANGELINE DELGADO TRUSTEE 5.00 X 0 0 0 BENNY IBARRA DE LLANO TRUSTEE 5.00 X 0 0 0 NICOLE GAKIDIS TRUSTEE 5.00 X 0 0 0 EDWIN GORDON TRUSTEE 5.00 X 0 0 0 ERIC IAN HERBST TRUSTEE 5.00 X 0 0 0 DEBORAH MANKIW TRUSTEE 5.00 X 0 0 0 JORDAN MCCULLOUGH TRUSTEE 5.00 X 0 0 0 JENNIFER MCLEAN TRUSTEE 5.00 X 0 0 0 CARRIE NEDROW TRUSTEE 5.00 X 0 0 0 HAE SUN PAIK TRUSTEE 5.00 X 0 0 0 JOHN SEBASTIAN PAOLELLA TRUSTEE 5.00 X 0 0 0 KARLA RADKE TRUSTEE 5.00 X 0 0 0 KRISTINE VAN AMSTERDAM TRUSTEE 5.00 X 0 0 0 AMY LAWRENCE WHEELER TRUSTEE 5.00 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 5.00 X 0 0 0 JOHN I WILLIAMS JR TRUSTEE 5.00 X 0 0 0 MINGI KIM TRUSTEE 5.00 X 0 0 0 JEAN ROBERTSON TRUSTEE 5.00 X 0 0 0 DAVID EDELMAN TRUSTEE 5.00 X 0 0 0 JUHYUN LIM TRUSTEE 5.00 X 0 0 0 1506290 0 346427 11 1 1 0 FLIK PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 1847787 OUNCE IT LLC 205 NEWBURY ST SUITE 202 FRAMINGHAM MA 01701 TECHNOLOGY SUPPORT 282791 POIRIER & SPRINGER INC 17E STERLING ROAD BILLERICA MA 01862 HVAC MAINTENANCE 272872 EHC INC 11 ROBERT TONER BOULEVARD STE 5 NORTH ATTLEBORO MA 02763 CONSTRUCTION 252102 JD LANDSCAPING PO BOX 920012 NEEDHAM MA 02492 LANDSCAPING 217991 10 2055182 255536 2055182 TUITION AND FEES 611600 21830257 21830257 COMMUNITY ART 611600 404382 404382 SUMMER PROGRAMS 611600 231934 231934 OTHER PROGRAM REVENUE 611600 132134 132134 STUDENT ACTIVITIES 611600 121125 121125 13450 13450 22733282 1046077 1046077 183342 159732 23610 23610 23610 10751777 3000 9792816 0 958961 3000 961961 961961 112250 62414 49836 49836 26869948 22806728 0 2008038 5241692 5241692 1102215 958859 143356 78736 17541 61195 7811255 6643994 730096 437165 377711 330961 25881 20869 908862 700057 146193 62612 635756 470352 122937 42467 84609 84609 85024 85024 75491 75491 676426 177882 377207 121337 128509 1520 126989 87982 1722 26620 59640 488162 92341 395613 208 2387001 2144075 147758 95168 335825 45446 190611 99768 122856 32758 90098 306485 306485 1927817 1794746 129000 4071 239810 223106 16198 506 FOOD SERVICE 1852199 1852199 SUPPLIES 414503 350508 60233 3762 EVENTS 388459 155023 110163 123273 INSTRUCTIONAL & STUDENT 367849 326647 41199 3 542708 62162 470613 9933 26667942 20664732 4779072 1224138 7062528 5737005 50000 8690872 8154152 19209 25091 705391 379398 59447988 31195538 28671213 28252450 19000674 22045262 4457587 3392720 7028803 7019629 75686277 75005707 1411686 1516937 15589555 14983009 8444142 7902576 432895 407701 301446 219523 26179724 25029746 X 24944751 24529464 24561802 25446497 49506553 49975961 75686277 75005707 X 202006 240668 26734 X 0 1 X 1 0 X 3114965 1667218 2330427 5010335 2055182 14178127 3114965 1667218 2330427 5010335 2055182 14178127 1123031 13055096 374121 607143 898345 938616 1229419 4047644 18225771 102822476 0.71630 0.73840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20400133 202520 1829551 303481 502735 21625988 18726804 366559 2085132 243330 535032 20400133 16860601 1122367 1529536 223836 561864 18726804 19045363 423572 -1918729 235589 454016 16860601 15654015 74444 3316904 19045363 0.22680 0.77320 0.00000 0 0 101810 101810 2294740 47080943 26216547 23159136 3971527 1950362 2021165 5998968 3028629 2970339 28252450 RIGHT-OF-USE ASSETS 213093 PERPETUAL TRUST 5572459 ASSETS OF SPLIT INTEREST AGREEMENTS 1234077 7019629 LEASE LIABILITY 219523 219523 22042313 240668 -4992812 -4752144 26794457 75491 75491 26869948 21572905 222146 222146 21350759 75491 5241692 5317183 26667942 PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 62,414. RENTAL EXPENSES 159,732. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 26,734. FINANCIAL AID -5,241,692. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 62,414. RENTAL EXPENSES 159,732. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,241,692. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 7 PROGRAM SERVICES FUNDRAISING MEETINGS, ALUMNI EVENTS, AND RECRUITMENT 145673 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 PROGRAM SERVICES FUNDRAISING MEETINGS, ALUMNI EVENTS, AND RECRUITMENT 47207 0 9 0 0 0 9 192880 0 192880 0 0 0 0 0 0 PART I, LINE 3: FOREIGN TRAVEL IS PAID FOR WITH SCHOOL ISSUED CREDIT CARDS AND EMPLOYEES ARE REQUIRED TO SUBMIT ALL RECEIPTS FOR REVIEW. THE EXPENSES ARE REPORTED ON THE ACCRUAL BASIS. 1 FINANCIAL AID 116 5241692 PART I, LINE 2: THE FINANCIAL AID PROCESS USES CLARITY FINANCIAL AID. IT INCLUDES ALL REQUESTS BEING ASSEMBLED BY THE DIRECTOR AND THEN MEETING WITH A COMMITTEE TO DECIDE AWARDS. FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 ERIC BARBER HEAD OF SCHOOL 266502 0 0 0 34280 0 19403 0 61643 0 381828 0 0 0 ALLISON M COOLEY CHIEF DEVEL. OFFICER AS OF 02/2024 178147 0 0 0 0 0 12833 0 11635 0 202615 0 0 0 KEVIN SMITH DIR. OF ENROLLMENT MGMT. UNTIL 11/24 102374 0 5000 0 28846 0 7904 0 38814 0 182938 0 0 0 PO-WEI WENG ASSISTANT HEAD OF SCHOOL 130366 0 0 0 0 0 10044 0 30227 0 170637 0 0 0 ELIZABETH MINNUCCI DIRECTOR OF HEALTH SERVICES 115909 0 0 0 0 0 7857 0 27744 0 151510 0 0 0 JOHN DELLA CIOPPA DIRECTOR OF FACILITIES & OPERATIONS 103868 0 0 0 0 0 8521 0 38022 0 150411 0 0 0 JANE SEGALE CFO UNTIL 06/24 101238 0 0 0 0 0 7592 0 16848 0 125678 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE HOUSING PROVIDED TO THE HEAD OF SCHOOL IS CLEANED WEEKLY AND INCLUDES HIS PERSONAL LIVING SPACE. THE CLEANING SERVICES ARE INCLUDED IN THE HEAD OF SCHOOL'S W-2. PART I, LINE 4A KEVIN SMITH, DIRECTOR OF ENROLLMENT MANAGEMENT, RECEIVED A SEVERANCE PAYMENT OF $28,846. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2014-01-30 13160000 TO PAY OFF THE 2002 & 2006 SERIES BONDS 0 0 0 A 5186247 13160000 89489 1425511 11645000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/12/2024 JILLIAN ROTHMAN DAUGHTER OF TRUSTEE/CLERK 61195 ASSISTANT DIRECTOR OF ADMISSIONS 0 JOY BARBER WIFE OF HEAD OF SCHOOL 17541 STUDENT LIFE ASSOCIATE 0 X 6 255536 FMV AT DONATION DATE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUALS WHO DONATED THE SECURITIES. FORM 990, PART I, ITEM C DBA: WALNUT HILL SCHOOL FOR THE ARTS DBA: WALNUT HILL COMMUNITY ACADEMY FORM 990, PART VI, SECTION A, LINE 1A THE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, CHAIR OF GOVERNANCE, CLERK AND TREASURER. BETWEEN MEETINGS OF THE FULL BOARD, THE EXECUTIVE COMMITTEE IS ADVISORY IN NATURE AND AT TIMES, MAY BE GRANTED THE AUTHORITY OF THE FULL BOARD, WITH PRIOR AUTHORIZATION. THE EXECUTIVE COMMITTEE MAINTAINS MINUTES OF THE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND THE HEAD OF SCHOOL AND THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE FORM 990, WITH SCHEDULE B REDACTED IS THEN PROVIDED TO THE BOARD FOR RATIFICATION. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE CHAIR OF THE BOARD IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS PROCESS WAS LAST UTILIZED IN THE FALL OF 2024 TO DETERMINE THE COMPENSATION FOR THE HEAD OF SCHOOL. THE SIGNED CONTRACT REPLACED THE FINAL YEAR OF THE OLD CONTRACT AND EXTENDED IT THREE YEARS. THE NEW AGREEMENT RUNS THROUGH 6/30/2028. EACH YEAR, THE COMPENSATION COMMITTEE, AN AD HOC COMMITTEE, REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PER THE CONTRACT. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF ALL OTHER KEY EMPLOYEES BASED ON A REVIEW OF PAY DATA FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. THIS PROCESS WAS LAST COMPLETED IN MARCH, 2025. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 26,734. CHARITABLE REMAINDER TRUST REMAINDER BENEFICIARY INTEREST CT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0