2026-05-14T08:54:06-05:00 2025-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2024-07-01 042103564 GOVERNOR DUMMER ACADEMY THE GOVERNOR'S ACADEMY GOVE 9784651763 1 ELM STREET BYFIELD MA 01922 JONATHAN DOUGLAS CHIEF FINANCIAL OFFICER 9784993134 2026-05-05 1 1 AMANDA ADAMS P00748038 7813562000 2026-05-05 2024 2025-03-06 01:10:19Z JONATHAN DOUGLAS 1 ELM STREET BYFIELD MA 01922 56113627 0 X WWW.THEGOVERNORSACADEMY.ORG X 1763 MA 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. 24 24 308 500 74379 62014 10329749 7666971 28551840 29555803 16527036 17963230 344120 721421 55752745 55907425 6627896 6829165 0 0 20827224 21241329 0 0 2745983 13542867 13003074 40997987 41073568 14754758 14833857 180516909 188809970 28308001 29021714 152208908 159788256 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. 0 0 30210614 6829165 29633161 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. 30210614 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 108 0 1 308 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JONATHAN DOUGLAS 9784651763 1 ELM STREET BYFIELD MA 01922 PAUL NARDONE PRESIDENT 5.00 X X 0 0 0 LUCY HENKES VICE-PRESIDENT 5.00 X X 0 0 0 ARCHIE SEALE VICE-PRESIDENT 5.00 X X 0 0 0 STEVEN G SHAPIRO TREASURER 5.00 X X 0 0 0 ELIZABETH FARRELL SECRETARY 5.00 X X 0 0 0 BILL ALFOND TRUSTEE 5.00 X 0 0 0 ARJUN BHATNAGAR TRUSTEE 5.00 X 0 0 0 WILLIAM BRINE III TRUSTEE 5.00 X 0 0 0 MOON-SUN CHUNG TRUSTEE 5.00 X 0 0 0 FRANK COUSINS JR TRUSTEE 5.00 X 0 0 0 COLIN CROSS TRUSTEE 5.00 X 0 0 0 ROBERT C DELENA TRUSTEE 5.00 X 0 0 0 JONATHAN J DOYLE TRUSTEE 5.00 X 0 0 0 AJ ENCHILL TRUSTEE 5.00 X 0 0 0 CHANDLER EVANS TRUSTEE 5.00 X 0 0 0 CHRISTINA GENTILE TRUSTEE 5.00 X 0 0 0 JOHN HEALD TRUSTEE 5.00 X 0 0 0 STEPHEN G KASNET TRUSTEE 5.00 X 0 0 0 LESLIE L LACY TRUSTEE 5.00 X 0 0 0 MICHELE LAWLOR TRUSTEE 5.00 X 0 0 0 THOMAS M MERCER JR TRUSTEE 5.00 X 0 0 0 MOLLY SCHARFE PRINN TRUSTEE 5.00 X 0 0 0 SPENCER L PURINTON TRUSTEE 5.00 X 0 0 0 JAMES L RUDOLPH TRUSTEE 5.00 X 0 0 0 JEFF TAFT TRUSTEE 5.00 X 0 0 0 EVAN M TRENT TRUSTEE 5.00 X 0 0 0 PETER QUIMBY HEAD OF SCHOOL 50.00 X 476880 0 80074 JONATHAN K DOUGLAS CFO 50.00 X 118407 0 25529 LESLIE L DICKEY DIRECTOR OF ADVANCEMENT 50.00 X 240253 0 59584 MICHAEL KINNEALEY ASSISTANT HEAD OF SCHOOL 50.00 X 191370 0 59387 THOMAS JAMES TRAFTON DIRECTOR OF MAJOR GIFTS 50.00 X 152836 0 17688 LINDSAY ALLISON MCPHERSON COMMUNICATIONS DIRECTOR 50.00 X 133690 0 62827 THOMAS S WOODRUFF FACILITIES DIRECTOR 50.00 X 137949 0 56029 CYNTHIA ROSE SCANNELL FORMER CFO 50.00 X 129908 0 87338 1581293 0 448456 30 1 1 0 CONSIGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION 930650 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING COMPANY 510059 US FOODSERVICE PO BOX 3155 BOSTON MA 022413155 FOOD SERVICE 447565 NORTHCENTER FOODS PO BOX 2628 AUGUSTA MA 043302628 FOOD SERVICE 322935 SECURITY SERVICES OF CONNECTICUT INC 25 CONTROL DR SHELTON CT 06484 CAMPUS SECURITY 278579 14 390939 7276032 795889 7666971 TUITION 611600 28348775 28348775 STUDENT FEE INCOME 611710 755087 755087 SUMMER PROGRAMS 713990 411068 411068 REUNION WEEKEND/EVENTS 713990 40873 40873 29555803 1093394 74379 1019015 333768 0 333768 333768 333768 16869085 751 0 0 16869085 751 16869836 16869836 283560 206202 77358 77358 INTEREST EARNED ON EMPLOYEE RETEN 900099 171952 171952 TUITION DEPOSIT RECOVERY 900099 116787 116787 INSURANCE REFUND 900099 25 25 21531 21531 310295 55907425 29633161 74379 18532914 6829165 6829165 874748 610653 163092 101003 13338637 10219180 1616448 1503009 1285410 763917 520312 1181 4644936 1433147 2849719 362070 1097598 618681 477920 997 77181 77181 576717 576717 838551 178902 329740 329909 210553 52153 137389 21011 428222 340821 69767 17634 426559 187318 162466 76775 3473706 3265284 173685 34737 273147 199551 73596 155961 46742 96615 12604 608595 608595 3311913 3113198 165596 33119 496531 496531 FOOD 776389 750159 23857 2373 STUDENT ACTIVITIES 506571 506571 DUES & SUBSCRIPTIONS 130566 49696 67521 13349 711912 436881 112415 162616 41073568 30210614 8116971 2745983 54888 53014 5033585 7580274 3067093 2768836 42275 61475 56250 50000 182888 207591 100128 82705 710403 783313 122257390 49482651 75004464 72774739 21556712 25444029 62177268 67381186 12530955 11622808 180516909 188809970 1792201 2331684 6927924 7854932 19445003 18648921 10714 0 132159 186177 28308001 29021714 X 96043400 98078485 56165508 61709771 152208908 159788256 180516909 188809970 X 14833857 -7519238 264729 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 40000 0 0 X 1 95674879 4043327 10120228 854084 3742314 105242036 86826023 5500695 10415014 630170 6436683 95674879 75324469 10756165 5117015 784651 3586975 86826023 88154762 1478918 -10008219 4300992 75324469 66715583 3436403 22290747 4287971 88154762 0.46492 0.53508 0 0 96938077 36950465 59987612 14461670 9074379 5387291 10857643 3457807 7399836 72774739 ALTERNATIVE INVESTMENTS 59099113 F LIMITED PARTNERSHIPS 8282073 F 67381186 BENEFICIAL INTEREST IN PHILLIPS TRUSTS 10298918 INTEREST RATE SWAP 1082890 COLLECTIONS AND OTHER ASSETS 241000 11622808 ANNUITIES PAYABLE 186177 186177 X 41453236 -7519238 470931 -7048307 48501543 576717 6829165 7405882 55907425 33873888 206202 206202 33667686 576717 6829165 7405882 41073568 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 GOVERNOR DUMMER ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY ON A SCHOOL BULLETIN AND IN BROCHURES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13246007 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3858223 0 0 0 0 0 0 17104230 0 17104230 1 0 1 1 1 0 PART I, LINE 3: 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. 1 FINANCIAL AID 122 6829165 BOOK TUITION REDUCTION PART I, LINE 2: 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. X X X X 0 1 0 0 0 0 0 0 0 PETER QUIMBY HEAD OF SCHOOL 465201 0 0 0 11679 0 37950 0 42124 0 556954 0 0 0 LESLIE L DICKEY DIRECTOR OF ADVANCEMENT 238815 0 0 0 1438 0 16925 0 42659 0 299837 0 0 0 MICHAEL KINNEALEY ASSISTANT HEAD OF SCHOOL 184152 0 0 0 7218 0 21755 0 37632 0 250757 0 0 0 CYNTHIA ROSE SCANNELL FORMER CFO 129908 0 0 0 0 0 8073 0 79265 0 217246 0 0 0 LINDSAY ALLISON MCPHERSON COMMUNICATIONS DIRECTOR 133151 0 0 0 539 0 16606 0 46221 0 196517 0 0 0 THOMAS S WOODRUFF FACILITIES DIRECTOR 137345 0 0 0 604 0 16431 0 39598 0 193978 0 0 0 THOMAS JAMES TRAFTON DIRECTOR OF MAJOR GIFTS 151546 0 0 0 1290 0 16670 0 1018 0 170524 0 0 0 PART I, LINE 4B 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. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2019-03-13 23353177 REFUND PRIOR TAXABLE AND TAX-EXEMPT FINANCING 0 1 0 A 4439175 23353177 328526 23024651 2019 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 THE TORONTO-DOMINION 20.000000000000 0 0 0 0 1 A 1 PETER QUIMBY HEAD OF SCHOOL FACULTY HOUSING LOAN X 125000 50000 0 1 1 50000 X 5 795889 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B IS BASED ON THE NUMBER OF CONTRIBUTORS. 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.