GOVERNOR DUMMER ACADEMY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GOVERNOR DUMMER ACADEMY (EIN 04-2103564)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202641349349302364
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T08:54:06-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITRIN COOPERMAN ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 BRAINTREE HL OFFICE PARK STE 300 | AddressLine1Txt |
| City | BRAINTREE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02184 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103564 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOVERNOR DUMMER ACADEMY | BusinessNameLine1Txt |
| Business Name Line2 | THE GOVERNOR'S ACADEMY | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GOVE | BusinessNameControlTxt |
| Phone | 9784651763 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 ELM STREET | AddressLine1Txt |
| City | BYFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01922 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JONATHAN DOUGLAS | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 9784993134 | PhoneNum |
| Signature | 2026-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 7813562000 | PhoneNum |
| Preparation | 2026-05-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JONATHAN DOUGLAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 ELM STREET | AddressLine1Txt |
| City | BYFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01922 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $56,113,627 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.THEGOVERNORSACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1763 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE GOVERNOR'S ACADEMY IS THE OLDEST CONTINUOUSLY OPERATED BOARDING AND DAY SCHOOL IN THE U.S., WHERE YOUNG MEN AND WOMEN IN GRADES 9 THROUGH 12 PREPARE TO BECOME THE CITIZEN LEADERS OF TOMORROW. MORE THAN 400 STUDENTS FROM 23 STATES AND 18 COUNTRIES CREATE A VIBRANT, FASCINATING GLOBAL COMMUNITY. TWO-THIRDS BOARD AND ONE-THIRD ARE DAY STUDENTS. THE ACADEMY SITS ON A BEAUTIFUL 450-ACRE CAMPUS WITH EXTENSIVE FACILITIES FOR ACADEMICS, ATHLETICS, AND VISUAL AND PERFORMING ARTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 308 | TotalEmployeeCnt |
| Total Volunteers | 500 | TotalVolunteersCnt |
| Total Gross UBI | $74,379 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $62,014 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $10,329,749 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,666,971 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,551,840 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,555,803 | CYProgramServiceRevenueAmt |
| PY Investment Income | $16,527,036 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,963,230 | CYInvestmentIncomeAmt |
| PY Other Revenue | $344,120 | PYOtherRevenueAmt |
| CY Other Revenue | $721,421 | CYOtherRevenueAmt |
| PY Total Revenue | $55,752,745 | PYTotalRevenueAmt |
| CY Total Revenue | $55,907,425 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,627,896 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,829,165 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,827,224 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,241,329 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,745,983 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,542,867 | PYOtherExpensesAmt |
| CY Other Expenses | $13,003,074 | CYOtherExpensesAmt |
| PY Total Expenses | $40,997,987 | PYTotalExpensesAmt |
| CY Total Expenses | $41,073,568 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,754,758 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $14,833,857 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $180,516,909 | TotalAssetsBOYAmt |
| Total Assets EOY | $188,809,970 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,308,001 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,021,714 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $152,208,908 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $159,788,256 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TOGETHER, WE TEACH AND LEARN SKILLS THAT FOSTER THE COURAGE TO DISCOVER OUR VOICES, DEVELOP OLD AND NEW PASSIONS, PRACTICE BALANCE IN THE PURSUIT OF EXCELLENCE, AND COLLABORATE IN BUILDING VIBRANT,INCLUSIVE, AND SUSTAINABLE COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $30,210,614 | ExpenseAmt |
| Grant | $6,829,165 | GrantAmt |
| Revenue | $29,633,161 | RevenueAmt |
| Desc | THE GOVERNOR'S ACADEMY OPERATES AN INDEPENDENT SECONDARY BOARDING AND DAY SCHOOL ENROLLING OVER 400 DOMESTIC AND INTERNATIONAL STUDENTS. THE ACADEMY COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY CONNECTIONS WITH TEACHERS AND PEERS AND DEFINED BY A COMMITMENT TO ACHIEVING EXCELLENCE IN ACADEMICS, ATHLETICS, AND ARTS. ACADEMY GRADUATES ARE LIFE-LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. | Desc |
| Total Program Service Expenses | $30,210,614 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 108 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 308 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONATHAN DOUGLAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9784651763 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 ELM STREET | AddressLine1Txt |
| City | BYFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01922 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| PAUL NARDONE | ||||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LUCY HENKES | ||||||||
| VICE-PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ARCHIE SEALE | ||||||||
| VICE-PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVEN G SHAPIRO | ||||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH FARRELL | ||||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BILL ALFOND | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| ARJUN BHATNAGAR | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM BRINE III | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| MOON-SUN CHUNG | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK COUSINS JR | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| COLIN CROSS | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT C DELENA | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JONATHAN J DOYLE | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| AJ ENCHILL | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| CHANDLER EVANS | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINA GENTILE | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN HEALD | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN G KASNET | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| LESLIE L LACY | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE LAWLOR | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS M MERCER JR | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| MOLLY SCHARFE PRINN | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| SPENCER L PURINTON | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES L RUDOLPH | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF TAFT | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| EVAN M TRENT | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER QUIMBY | ||||||||
| HEAD OF SCHOOL | 50.00 | Yes (X) | $476,880 | $0 | $80,074 | |||
| JONATHAN K DOUGLAS | ||||||||
| CFO | 50.00 | Yes (X) | $118,407 | $0 | $25,529 | |||
| LESLIE L DICKEY | ||||||||
| DIRECTOR OF ADVANCEMENT | 50.00 | $240,253 | $0 | $59,584 | Yes (X) | |||
| MICHAEL KINNEALEY | ||||||||
| ASSISTANT HEAD OF SCHOOL | 50.00 | $191,370 | $0 | $59,387 | Yes (X) | |||
| THOMAS JAMES TRAFTON | ||||||||
| DIRECTOR OF MAJOR GIFTS | 50.00 | $152,836 | $0 | $17,688 | Yes (X) | |||
| LINDSAY ALLISON MCPHERSON | ||||||||
| COMMUNICATIONS DIRECTOR | 50.00 | $133,690 | $0 | $62,827 | Yes (X) | |||
| THOMAS S WOODRUFF | ||||||||
| FACILITIES DIRECTOR | 50.00 | $137,949 | $0 | $56,029 | Yes (X) | |||
| CYNTHIA ROSE SCANNELL | ||||||||
| FORMER CFO | 50.00 | $129,908 | $0 | $87,338 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,581,293 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $448,456 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 30 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONSIGLI CONSTRUCTION CO INC | |||||
| 72 SUMNER STREET | MILFORD | MA | 01757 | CONSTRUCTION | $930,650 |
| COMPASS FACILITY SERVICES | |||||
| 65 JACKMAN STREET | GEORGETOWN | MA | 01833 | CLEANING COMPANY | $510,059 |
| US FOODSERVICE | |||||
| PO BOX 3155 | BOSTON | MA | 022413155 | FOOD SERVICE | $447,565 |
| NORTHCENTER FOODS | |||||
| PO BOX 2628 | AUGUSTA | MA | 043302628 | FOOD SERVICE | $322,935 |
| SECURITY SERVICES OF CONNECTICUT INC | |||||
| 25 CONTROL DR | SHELTON | CT | 06484 | CAMPUS SECURITY | $278,579 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $390,939 | GovernmentGrantsAmt |
| All Other Contributions | $7,276,032 | AllOtherContributionsAmt |
| Noncash Contributions | $795,889 | NoncashContributionsAmt |
| Total Contributions | $7,666,971 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $28,348,775 | $28,348,775 |
| STUDENT FEE INCOME | 611710 | $755,087 | $755,087 |
| SUMMER PROGRAMS | 713990 | $411,068 | $411,068 |
| REUNION WEEKEND/EVENTS | 713990 | $40,873 | $40,873 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,555,803 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,093,394 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $74,379 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,019,015 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $333,768 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $333,768 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $333,768 | TotalRevenueColumnAmt |
| Exclusion | $333,768 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,869,085 | SecuritiesAmt |
| Other | $751 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,869,085 | SecuritiesAmt |
| Other | $751 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,869,836 | TotalRevenueColumnAmt |
| Exclusion | $16,869,836 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $283,560 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $206,202 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,358 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $77,358 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INTEREST EARNED ON EMPLOYEE RETEN | 900099 | $171,952 | $171,952 |
| TUITION DEPOSIT RECOVERY | 900099 | $116,787 | $116,787 |
| INSURANCE REFUND | 900099 | $25 | $25 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,531 | TotalRevenueColumnAmt |
| Exclusion | $21,531 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $310,295 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,907,425 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,633,161 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $74,379 | UnrelatedBusinessRevenueAmt |
| Exclusion | $18,532,914 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,829,165 | TotalAmt |
| Program Services | $6,829,165 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $874,748 | TotalAmt |
| Program Services | $610,653 | ProgramServicesAmt |
| Management And General | $163,092 | ManagementAndGeneralAmt |
| Fundraising | $101,003 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,338,637 | TotalAmt |
| Program Services | $10,219,180 | ProgramServicesAmt |
| Management And General | $1,616,448 | ManagementAndGeneralAmt |
| Fundraising | $1,503,009 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,285,410 | TotalAmt |
| Program Services | $763,917 | ProgramServicesAmt |
| Management And General | $520,312 | ManagementAndGeneralAmt |
| Fundraising | $1,181 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,644,936 | TotalAmt |
| Program Services | $1,433,147 | ProgramServicesAmt |
| Management And General | $2,849,719 | ManagementAndGeneralAmt |
| Fundraising | $362,070 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,097,598 | TotalAmt |
| Program Services | $618,681 | ProgramServicesAmt |
| Management And General | $477,920 | ManagementAndGeneralAmt |
| Fundraising | $997 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,181 | TotalAmt |
| Management And General | $77,181 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $576,717 | TotalAmt |
| Management And General | $576,717 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $838,551 | TotalAmt |
| Program Services | $178,902 | ProgramServicesAmt |
| Management And General | $329,740 | ManagementAndGeneralAmt |
| Fundraising | $329,909 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,553 | TotalAmt |
| Program Services | $52,153 | ProgramServicesAmt |
| Management And General | $137,389 | ManagementAndGeneralAmt |
| Fundraising | $21,011 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,222 | TotalAmt |
| Program Services | $340,821 | ProgramServicesAmt |
| Management And General | $69,767 | ManagementAndGeneralAmt |
| Fundraising | $17,634 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $426,559 | TotalAmt |
| Program Services | $187,318 | ProgramServicesAmt |
| Management And General | $162,466 | ManagementAndGeneralAmt |
| Fundraising | $76,775 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,473,706 | TotalAmt |
| Program Services | $3,265,284 | ProgramServicesAmt |
| Management And General | $173,685 | ManagementAndGeneralAmt |
| Fundraising | $34,737 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,147 | TotalAmt |
| Program Services | $199,551 | ProgramServicesAmt |
| Fundraising | $73,596 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,961 | TotalAmt |
| Program Services | $46,742 | ProgramServicesAmt |
| Management And General | $96,615 | ManagementAndGeneralAmt |
| Fundraising | $12,604 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608,595 | TotalAmt |
| Program Services | $608,595 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,311,913 | TotalAmt |
| Program Services | $3,113,198 | ProgramServicesAmt |
| Management And General | $165,596 | ManagementAndGeneralAmt |
| Fundraising | $33,119 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $496,531 | TotalAmt |
| Management And General | $496,531 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD | $776,389 | $750,159 | $23,857 | $2,373 |
| STUDENT ACTIVITIES | $506,571 | $506,571 | ||
| DUES & SUBSCRIPTIONS | $130,566 | $49,696 | $67,521 | $13,349 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $711,912 | TotalAmt |
| Program Services | $436,881 | ProgramServicesAmt |
| Management And General | $112,415 | ManagementAndGeneralAmt |
| Fundraising | $162,616 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,073,568 | TotalAmt |
| Program Services | $30,210,614 | ProgramServicesAmt |
| Management And General | $8,116,971 | ManagementAndGeneralAmt |
| Fundraising | $2,745,983 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,888 | BOYAmt |
| EOY | $53,014 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,033,585 | BOYAmt |
| EOY | $7,580,274 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,067,093 | BOYAmt |
| EOY | $2,768,836 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,275 | BOYAmt |
| EOY | $61,475 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,250 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,888 | BOYAmt |
| EOY | $207,591 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,128 | BOYAmt |
| EOY | $82,705 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $710,403 | BOYAmt |
| EOY | $783,313 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $122,257,390 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,482,651 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,004,464 | BOYAmt |
| EOY | $72,774,739 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,556,712 | BOYAmt |
| EOY | $25,444,029 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,177,268 | BOYAmt |
| EOY | $67,381,186 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,530,955 | BOYAmt |
| EOY | $11,622,808 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,516,909 | BOYAmt |
| EOY | $188,809,970 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,792,201 | BOYAmt |
| EOY | $2,331,684 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,927,924 | BOYAmt |
| EOY | $7,854,932 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,445,003 | BOYAmt |
| EOY | $18,648,921 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,714 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,159 | BOYAmt |
| EOY | $186,177 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,308,001 | BOYAmt |
| EOY | $29,021,714 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,043,400 | BOYAmt |
| EOY | $98,078,485 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,165,508 | BOYAmt |
| EOY | $61,709,771 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,208,908 | BOYAmt |
| EOY | $159,788,256 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,516,909 | BOYAmt |
| EOY | $188,809,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $14,833,857 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$7,519,238 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $264,729 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $40,000 | AssetsIncludedAmt |
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $95,674,879 | BeginningYearBalanceAmt |
| Contributions | $4,043,327 | ContributionsAmt |
| Investment Earnings Or Losses | $10,120,228 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $854,084 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,742,314 | OtherExpendituresAmt |
| End Year Balance | $105,242,036 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $86,826,023 | BeginningYearBalanceAmt |
| Contributions | $5,500,695 | ContributionsAmt |
| Investment Earnings Or Losses | $10,415,014 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $630,170 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,436,683 | OtherExpendituresAmt |
| End Year Balance | $95,674,879 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $75,324,469 | BeginningYearBalanceAmt |
| Contributions | $10,756,165 | ContributionsAmt |
| Investment Earnings Or Losses | $5,117,015 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $784,651 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,586,975 | OtherExpendituresAmt |
| End Year Balance | $86,826,023 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $88,154,762 | BeginningYearBalanceAmt |
| Contributions | $1,478,918 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,008,219 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,300,992 | OtherExpendituresAmt |
| End Year Balance | $75,324,469 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $66,715,583 | BeginningYearBalanceAmt |
| Contributions | $3,436,403 | ContributionsAmt |
| Investment Earnings Or Losses | $22,290,747 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,287,971 | OtherExpendituresAmt |
| End Year Balance | $88,154,762 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.46492 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.53508 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $96,938,077 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,950,465 | DepreciationAmt |
| Book Value | $59,987,612 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,461,670 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,074,379 | DepreciationAmt |
| Book Value | $5,387,291 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,857,643 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,457,807 | DepreciationAmt |
| Book Value | $7,399,836 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $72,774,739 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $59,099,113 | F |
| LIMITED PARTNERSHIPS | $8,282,073 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $67,381,186 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| BENEFICIAL INTEREST IN PHILLIPS TRUSTS | $10,298,918 |
| INTEREST RATE SWAP | $1,082,890 |
| COLLECTIONS AND OTHER ASSETS | $241,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $11,622,808 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITIES PAYABLE | Desc |
| Amt | $186,177 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $186,177 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $41,453,236 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$7,519,238 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $470,931 | OtherRevenueAmt |
| Revenue Not Reported | -$7,048,307 | RevenueNotReportedAmt |
| Revenue Subtotal | $48,501,543 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $576,717 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $6,829,165 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $7,405,882 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $55,907,425 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $33,873,888 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $206,202 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $206,202 | ExpensesNotReportedAmt |
| Expenses Subtotal | $33,667,686 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $576,717 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $6,829,165 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $7,405,882 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $41,073,568 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | VARIOUS PAINTINGS THAT ARE DISPLAYED IN THE LIBRARY WHICH WERE DONATED TO THE SCHOOL. |
| PART V, LINE 4: | THE ACADEMY'S ENDOWMENT FUNDS ARE USED TO SUPPORT MULTIPLE AREAS INCLUDING THE GENERAL OPERATIONS OF THE ACADEMY. THE ENDOWMENT HELPS SUPPORT FINANCIAL AID, FACULTY SALARIES AND BENEFITS, COMMENCEMENT PRIZES, PHYSICAL PLANT AND OTHER EXPENDITURES. |
| PART X, LINE 2: | THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ACADEMY FILES INFORMATIONAL TAX RETURNS IN THE US FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 206,202. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -364,517. NET APPRECIATION (DEPRECIATION) ON BENEFICIAL INTEREST IN PHILLIPS TRUSTS 640,487. PERIODIC ADJUSTMENT OF ANNUITY OBLIGATIONS -11,241. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 6,829,165. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 206,202. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 6,829,165. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | GOVERNOR DUMMER ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY ON A SCHOOL BULLETIN AND IN BROCHURES. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $13,246,007 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $3,858,223 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $17,104,230 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $17,104,230 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | THE AMOUNTS REPORTED ON PART I, LINE 3 REPRESENT THE FAIR MARKET VALUE OF INVESTMENTS HELD IN THE REGION AS OF THE END OF THE TAX YEAR. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 122 | RecipientCnt |
| Non Cash Assistance | $6,829,165 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK | ValuationMethodUsedDesc |
| Non Cash Assistance | TUITION REDUCTION | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FINANCIAL AID IS ALLOCATED ON A NEED BASED BASIS AT THE GOVERNOR'S ACADEMY. FOR NEW APPLICANTS TO THE SCHOOL, WE REQUIRE FAMILIES TO SUBMIT INCOME AND ASSET INFORMATION TO SSS, A FINANCIAL AID ASSESSMENT ORGANIZATION THAT OPERATES WITHIN NAIS. SSS PROVIDES FOR US A RECOMMENDED FAMILY CONTRIBUTION (RFC) AND, TO OUR ABILITY AND AFTER OUR EVALUATION OF A FAMILY'S SUBMISSION, WE WILL PROVIDE FINANCIAL AID TO A FAMILY THAT REPRESENTS THE DIFFERENCE BETWEEN THE RFC AND THE COST OF TUITION. WITH RESPECT TO MONITORING THE STUDENTS OVER TIME, FAMILIES MUST SUBMIT A FINANCIAL AID APPLICATION EACH YEAR AND THE RFC IS USED TO DETERMINE A FINANCIAL AID ALLOCATION EACH YEAR. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PETER QUIMBY | ||||||||||||||
| HEAD OF SCHOOL | $465,201 | $0 | $0 | $0 | $11,679 | $0 | $37,950 | $0 | $42,124 | $0 | $556,954 | $0 | $0 | $0 |
| LESLIE L DICKEY | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $238,815 | $0 | $0 | $0 | $1,438 | $0 | $16,925 | $0 | $42,659 | $0 | $299,837 | $0 | $0 | $0 |
| MICHAEL KINNEALEY | ||||||||||||||
| ASSISTANT HEAD OF SCHOOL | $184,152 | $0 | $0 | $0 | $7,218 | $0 | $21,755 | $0 | $37,632 | $0 | $250,757 | $0 | $0 | $0 |
| CYNTHIA ROSE SCANNELL | ||||||||||||||
| FORMER CFO | $129,908 | $0 | $0 | $0 | $0 | $0 | $8,073 | $0 | $79,265 | $0 | $217,246 | $0 | $0 | $0 |
| LINDSAY ALLISON MCPHERSON | ||||||||||||||
| COMMUNICATIONS DIRECTOR | $133,151 | $0 | $0 | $0 | $539 | $0 | $16,606 | $0 | $46,221 | $0 | $196,517 | $0 | $0 | $0 |
| THOMAS S WOODRUFF | ||||||||||||||
| FACILITIES DIRECTOR | $137,345 | $0 | $0 | $0 | $604 | $0 | $16,431 | $0 | $39,598 | $0 | $193,978 | $0 | $0 | $0 |
| THOMAS JAMES TRAFTON | ||||||||||||||
| DIRECTOR OF MAJOR GIFTS | $151,546 | $0 | $0 | $0 | $1,290 | $0 | $16,670 | $0 | $1,018 | $0 | $170,524 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | UNDER PETER QUIMBY'S EMPLOYMENT CONTRACTS COVERING 2014-2032, EACH YEAR OF THE TERM DURING WHICH HE IS EMPLOYED BY THE SCHOOL, THE SCHOOL WILL ACCUMULATE A DISCRETIONARY COMPENSATION AMOUNT. THE DISCRETIONARY ACCOUNT SHALL ACCRUE INTEREST ON A FISCAL YEAR ANNUAL BASIS AT THE SAME ANNUAL RATE OF RETURN THAT THE SCHOOL'S ENDOWMENT EARNS. THE BALANCE OF THE DISCRETIONARY ACCOUNT, INCLUDING ALL INCOME AND ACCUMULATIONS THEREIN, MAY BE PAID TO HIM WITHIN 60 DAYS UPON THE TERMINATION OF HIS CONTRACT IF APPROVED AT THAT TIME BY THE PRESIDENT AND TREASURER OF THE BOARD. THE DISCRETIONARY AMOUNT CREDITED TO THE ACCOUNT DURING THIS FISCAL YEAR WAS $25,000. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2019-03-13 | BondIssuedDt |
| Issue Price | $23,353,177 | IssuePriceAmt |
| Purpose | REFUND PRIOR TAXABLE AND TAX-EXEMPT FINANCING | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | Yes (1) | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $4,439,175 | RetiredAmt |
| Total Proceeds | $23,353,177 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $328,526 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $23,024,651 | OtherSpentProceedsAmt |
| Substantial Completion | 2019 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE | BusinessNameLine1Txt |
| Business Name Line2 | TORONTO-DOMINION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER QUIMBY | PersonNm |
| Relationship With Org | HEAD OF SCHOOL | RelationshipWithOrgTxt |
| Loan Purpose | FACULTY HOUSING LOAN | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $125,000 | OriginalPrincipalAmt |
| Balance Due | $50,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $50,000 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $795,889 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER REPORTED IN COLUMN B IS BASED ON THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | AFTER BEING DRAFTED BY THE TAX PREPARERS AND REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER, A VERSION OF THE FORM 990 IS SENT TO THE AUDIT COMMITTEE, INCLUDING THE TREASURER, FOR REVIEW BY THE COMMITTEE. ANY QUESTIONS RAISED BY COMMITTEE MEMBERS ARE BROUGHT BACK TO THE CFO AND THE TAX PREPARERS. ONCE QUESTIONS HAVE BEEN ANSWERED AND ANY NEEDED CHANGES MADE, A FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE THE FILING DATE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ACADEMY'S CONFLICT OF INTEREST POLICY APPLIES TO TRUSTEES, COMMITTEE MEMBERS, EXECUTIVE OFFICERS AS DEFINED HEREIN (HEREINAFTER "EXECUTIVE OFFICER") AND COVERED EMPLOYEES. BECOMING AWARE OF A POTENTIAL CONFLICT OF INTEREST IS THE MOST IMPORTANT STEP TOWARD PROTECTING ALL RELEVANT INTERESTS. WHEN IT HAS BEEN TAKEN, THE NEXT ESSENTIAL STEP IS FULL DISCLOSURE, WHICH THE REQUIRED ANNUAL DECLARATION FACILITATES. THE FINAL STEP IS FORBEARANCE FROM PARTICIPATING IN DELIBERATIONS AND VOTES RELATED TO THE TRANSACTION IN WHICH THE POTENTIAL CONFLICT HAS BEEN IDENTIFIED. ALL TRUSTEES, COMMITTEE MEMBERS AND EXECUTIVE OFFICERS, AS WELL AS SELECTED EMPLOYEES WHOSE RESPONSIBILITIES INVOLVE THE EXERCISE OF SIGNIFICANT DISCRETION ON THE ACADEMY'S BEHALF, ARE REQUIRED TO COMPLETE AN ANNUAL DECLARATION OF ANY POTENTIAL CONFLICTS. THE DECLARATION IS TO BE FILED EACH YEAR WITH THE ACADEMY'S AUDITORS AND A COPY PROVIDED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES. AN UPDATED DECLARATION SHOULD BE FILED IN THE EVENT OF CHANGED CIRCUMSTANCES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED BY THE PRESIDENT OF THE BOARD AND THE OFFICERS OF THE ACADEMY, WITH SUPPORT FROM THE CFO'S OFFICE WHICH PROVIDES RELEVANT AND COMPARABLE SALARY DATA FOR THIS POSITION. THE CFO'S SALARY IS SET BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL AND THE CFO WORK TOGETHER IN SETTING THE FACULTY AND STAFF SALARY POOL, INCLUDING ANTICIPATED TURNOVER AND A BUDGET FOR REPLACEMENT PERSONNEL. ALL SALARY RECOMMENDATIONS ARE THEN INCORPORATED INTO THE DRAFT FISCAL YEAR BUDGET WHICH IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD THEN APPROVES THE BUDGET FOR IMPLEMENTATION. THE ORGANIZATION BENCHMARKS AND ANALYZES SALARIES AGAINST DATA FROM NATIONAL AND REGIONAL SCHOOL ASSOCIATIONS. |
| 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. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -364,517. NET APPRECIATION (DEPRECIATION) ON BENEFICIAL INTEREST IN PHILLIPS TRUSTS 640,487. PERIODIC ADJUSTMENT OF ANNUITY OBLIGATIONS -11,241. |