2024-04-24T18:26:09-05:00 2023-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2022-07-01 041200600 CONCORD ACADEMY CONC 9784022200 166 MAIN ST CONCORD MA 01742 AMY MILLER-FREDERICKS CFOO 9784022200 2024-04-09 1 AMY MILLER-FREDERICKS 999009999 0 REBEKUH ELEY P01247672 6179129000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z HENRY FAIRFAX 166 MAIN ST CONCORD MA 01742 69551496 0 X WWW.CONCORDACADEMY.ORG X 1922 MA CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2022-23 ENROLLMENT WAS COMPOSED OF 403 STUDENTS, 152 OF WHOM WERE BOARDING STUDENTS AND 251 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2022-23 YEAR CONSISTED OF STUDENTS FROM 11 STATES/TERRITORIES AND 16 FOREIGN COUNTRIES. 30 29 372 386 123977 106666 10606935 10593673 24247690 25644491 4233600 1197920 1524674 160410 40612899 37596494 5395316 5284219 0 0 16924668 18152050 0 0 1637141 11166353 12152935 33486337 35589204 7126562 2007290 166818681 177453653 24219758 24771415 142598923 152682238 X CONCORD ACADEMY IS A COMMUNITY ANIMATED BY LOVE OF LEARNING, DIVERSE AND STRIVING FOR EQUITY, WITH COMMON TRUST AS OUR FOUNDATION. HONORING EACH INDIVIDUAL, WE CHALLENGE AND EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD THROUGH PURPOSEFUL COLLABORATION AND CREATIVE ENGAGEMENT. CONCORD ACADEMY CULTIVATES EMPATHY, INTEGRITY, AND RESPONSIBILITY TO BUILD A MORE JUST AND SUSTAINABLE FUTURE. 0 0 27140041 5284219 25773897 SECONDARY EDUCATION: 403 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9. 27140041 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 106 0 1 372 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X AMY MILLER-FREDERICKS CFOO 9784022200 166 MAIN ST CONCORD MA 01742 HENRY FAIRFAX HEAD OF SCHOOL (FROM 7/1/2022) 55.00 0.00 X X 250455 0 114205 SUNREDI ADMADJAJA TRUSTEE 1.00 0.00 X 0 0 0 TESS MUNRO BAUTA TRUSTEE 1.00 0.00 X 0 0 0 DR HARVEY J BERGER TRUSTEE 1.00 0.00 X 0 0 0 TRELANE CLARK TRUSTEE 1.00 0.00 X 0 0 0 IRENE CHU TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN DESIMONE TRUSTEE 3.00 0.00 X 0 0 0 MATTHEW GINSBURG TRUSTEE 1.00 0.00 X 0 0 0 RACHEL LIPSON GLICK TRUSTEE 1.00 0.00 X 0 0 0 DENNIS GOLDSTEIN TRUSTEE 1.00 0.00 X 0 0 0 ALEXIS GOLTRA TRUSTEE 1.00 0.00 X 0 0 0 KERRY HOFFMAN TRUSTEE 1.00 0.00 X 0 0 0 NICOLE KOCH TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN KRAMARSKY TRUSTEE 1.00 0.00 X 0 0 0 YUCHUN LEE TRUSTEE 1.00 0.00 X 0 0 0 PAULINE LIN TRUSTEE 1.00 0.00 X 0 0 0 KAREN MCALMON TRUSTEE 1.00 0.00 X 0 0 0 CAROL MORIARTY TRUSTEE 1.00 0.00 X 0 0 0 ANDY ORY TRUSTEE 1.00 0.00 X 0 0 0 DERRICK PANG TRUSTEE 1.00 0.00 X 0 0 0 IMANI PERRY TRUSTEE 1.00 0.00 X 0 0 0 ASHLEY SHIH TRUSTEE 1.00 0.00 X 0 0 0 LY TRAN TRUSTEE 1.00 0.00 X 0 0 0 FAY LAMPERT SHUTZER PRESIDENT 4.00 0.00 X X 0 0 0 JENNIFER J BURLEIGH VICE PRESIDENT 3.00 0.00 X X 0 0 0 SEAN M DALTON VICE PRESIDENT 3.00 0.00 X X 0 0 0 JOHN GROSSMAN VICE PRESIDENT 3.00 0.00 X X 0 0 0 KEVIN PARKE VICE PRESIDENT 3.00 0.00 X X 0 0 0 JENNIFER A PLINE TREASURER 3.00 0.00 X X 0 0 0 CAROLYN STAFFORD STEIN SECRETARY 3.00 0.00 X X 0 0 0 AMY MILLER-FREDERICKS CHIEF FINANCIAL & OPERATING OFFICER 55.00 0.00 X 278165 0 74687 SARAH YEH ASSOCIATE HEAD FOR TEACHING, LEARNING & FACULTY 55.00 0.00 X 341495 0 88254 ALICE R ROEBUCK ASSISTANT HEAD FOR ADVANCEMENT & ENGAGEMENT 55.00 0.00 X 254874 0 20327 MARIE MYERS DIRECTOR OF ENROLLMENT MANAGEMENT 55.00 0.00 X 155090 0 60336 RICHARD G HARDY EMERITUS HEAD OF SCHOOL 55.00 0.00 X 360467 0 20511 MELODY KOMYEROV DIR. OF MARKETING & COMMUNICATIONS 55.00 0.00 X 274440 0 32825 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION 55.00 0.00 X 147117 0 73003 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 55.00 0.00 X 153748 0 54382 FRANCIS GALLAGHER CONTROLLER 55.00 0.00 X 146164 0 23687 2362015 0 562217 38 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 1956123 DEWING SCHMID KEARNS 30 MONUMENT SQUARE SUITE 200B CONCORD MA 01742 ARCHITECTURAL SERVICES 796877 CITY WIDE OF BOSTON 293 BOSTON POPST ROAD W SUITE 340 MARLBOROUGH MA 01752 CLEANING SERVICES 534788 OUNCE IT LLC PO BOX 3137 WORCESTER MA 01613 IT SERVICES 436857 HARBOUR CARPENTRY 580 W WATER STREET ROCKLAND MA 02370 CARPENTRY SERVICES 259880 12 10593673 872266 10593673 TUITION & FEES/SUMMER 611110 25644491 25644491 25644491 1725532 123977 1601555 31004 0 31004 31004 31004 31427390 31955002 -527612 -527612 -527612 MISCELLANEOUS INCOME 611110 129406 129406 129406 37596494 25773897 123977 1104947 10000 10000 5274219 5274219 1698869 305262 1114366 279241 12449809 9956924 1834480 658405 803629 611351 151025 41253 2218437 1651607 404402 162428 981306 718884 197295 65127 45102 45102 94707 94707 268264 268264 2001287 1293581 661887 45819 86550 707 66643 19200 367993 142640 175831 49522 173527 98903 63442 11182 1075153 982491 70813 21849 293939 207941 67383 18615 211499 145475 59305 6719 332401 313746 11306 7349 2379023 2245506 80920 52597 248258 805 247410 43 FOOD 2118109 1927418 179956 10735 EQUIPMENT 756342 701746 36442 18154 PROVISION FOR UNCOLLECT 658333 658333 DUES AND SUBSCRIPTIONS 397867 205867 120521 71479 644581 344968 202189 97424 35589204 27140041 6812022 1637141 6301 3600 19418431 22468096 10463468 8833294 38502 429040 14256 12026 16032 29570 764288 603032 83685139 38584997 42099088 45100142 56744828 53721329 35676190 44714398 1577297 1539126 166818681 177453653 2038894 1596598 8118275 9489101 12985876 12605653 1076713 1080063 24219758 24771415 X 65318447 67168240 77280476 85513998 142598923 152682238 166818681 177453653 X 2007290 7992367 83658 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86526570 841687 8101623 916512 3167488 91385880 94564831 2605448 -6852709 829365 2961635 86526570 80021483 1890094 16209254 728454 2827546 94564831 80169190 4053596 -941303 625137 2634863 80021483 72889992 6704821 3686377 541804 2570196 80169190 0.29400 0.56600 0.14000 0 0 8171694 8171694 64956044 34358306 30597738 6053076 4213775 1839301 4504325 12916 4491409 45100142 HIGH QUALITY FIXED INCOME 11981199 F PRIVATE EQUITY 14277092 F DEFENSIVE EQUITY 4286183 F REAL ASSET 1746152 F DIRECT LENDING 5586911 F GLOBAL EQUITY 6836861 F 44714398 CAPITAL LEASE OBLIGATIONS 5757 HOUSING DEPOSITS 19136 ACTIVITIES ACCOUNT 522726 REGRISTRATION DEPOSITS 493190 INSURANCE DEPOSITS 39254 1080063 X 40586265 7992367 -4734332 3258035 37328230 268264 268264 37596494 30502950 0 30502950 268264 4817990 5086254 35589204 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED IN FURTHERANCE OF THE ACADEMY'S EXEMPT PURPOSES. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. UNDER INTERNAL REVENUE SERVICE STATUTES, WITH FEW EXCEPTIONS, THE ACADEMY IS ONLY SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE ACADEMY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 83,658. FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,817,990. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,817,990. 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 FOLLOWING STATEMENT IS MADE AVAILABLE ON THE SCHOOL'S WEBSITE: WE REAFFIRM OUR LONG-STANDING POLICY OF NONDISCRIMINATORY ADMISSION OF STUDENTS. WE ADMIT STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT OUR SCHOOL. WE DO NOT DISCRIMINATE IN VIOLATION OF ANY LAW OR STATUTE IN THE ADMINISTRATION OF OUR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAM, AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. INFORMATION AND SCHOOL CATALOGUES MAY BE OBTAINED BY CALLING THE SCHOOL. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 9135403 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3130755 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES ADMISSIONS RECRUITING 5078 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES ADMISSIONS RECRUITING 5449 EAST ASIA AND THE PACIFIC PROGRAM SERVICES ADMISSIONS RECRUITING 11243 0 0 0 0 0 0 12287928 0 12287928 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 CONCORD FREE PUBLIC LIBRARY CORPORATION 129 MAIN STREET CONCORD MA 01742 042121328 501(C)(3) 10000 0 FMV CAPITAL CAMPAIGN 1 TUITION GRANTS 96 4867991 DIFFERENCE AFTER EXPECTED FAMILY CONTRIBUTION PER FINANCIAL AID (FA) GRANTS DEDUCTED FROM SCHOOL TUITION MUSIC LESSON FINANCIAL AID 37 66656 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM MUSIC LESSON FEES HEALTH INSURANCE FINANCIAL AID 27 97019 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM STUDENT HEALTH INSURANCE COSTS MONTHLY SUPPLEMENTAL FOR INCIDENTALS 30 22160 TRAVEL EXPS - FA STUDENTS TIX PURCHASED ON THEIR BEHALF TO/FROM HOME; SUMMER PROGRAM/TRAVEL EXPENSE 29 3600 5623 CASH REIMBURSEMENTS TRAVEL EXPENSES PURCHASED FOR STUDENTS BY DIRECTORS OF FA ON STUDENT'S BEHALF FA STUDENTS COMPUTER GRANTS/COMPUTER SUPPLIES 23 10458 20260 CASH REIMBURSEMENTS SUPPLIES PURCHASED FOR STUDENTS BY DIRECTORS OF FA ON STUDENT'S BEHALF ACTIVITIES ACCOUNT GRANTS 105 125609 ESTIMATE FOR STUDENT RELATED BOOK AND INCIDENTAL EXPENSES FA DEDUCTED FROM STUDENT INCIDENTAL CHARGES STUDENT TRIP GRANTS 23 0 51643 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM STUDENT TRIP COSTS TRAVEL EXP REIMB - FA PARENT/GUARDIAN TO/FROM CA EVENTS 11 1737 1463 CASH REIMBURSEMENTS TRAVEL EXPENSES PURCHASED FOR GUARDIANS BY DIRECTORS OF FA ON THEIR BEHALF PART I, LINE 2: CONCORD ACADEMY AWARDED FINANCIAL ASSISTANCE TO 105 STUDENTS INCLUDING TUITION GRANTS AND ASSISTANCE FOR MUSIC LESSONS, HEALTH INSURANCE, BOOKSTORE PURCHASES, TRANSPORTATION AND MISCELLANEOUS EXPENSES. ASSISTANCE IS AWARDED ON A FINANCIAL NEED BASIS THROUGH THE FINANCIAL AID OFFICE. THE DIRECTORS OF FINANCIAL AID AND THE FINANCE OFFICE STAFF ADMINISTER AND MONITOR ALL GRANTS AND STUDENT SPENDING ON A MONTHLY BASIS. THE FINANCIAL AID DIRECTORS MEET MONTHLY WITH EACH FINANCIAL AID RECIPIENT TO REVIEW SPENDING. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 SARAH YEH ASSOCIATE HEAD FOR TEACHING, LEARNING & FACULTY 341141 0 0 0 354 0 48155 0 40099 0 429749 0 0 0 RICHARD G HARDY EMERITUS HEAD OF SCHOOL 210086 0 0 0 150381 0 6120 0 14391 0 380978 0 150000 0 HENRY FAIRFAX HEAD OF SCHOOL (FROM 7/1/2022) 250365 0 0 0 90 0 70500 0 43705 0 364660 0 0 0 AMY MILLER-FREDERICKS CHIEF FINANCIAL & OPERATING OFFICER 276581 0 0 0 1584 0 43532 0 31155 0 352852 0 0 0 MELODY KOMYEROV DIR. OF MARKETING & COMMUNICATIONS 142897 0 0 0 131543 0 0 0 32825 0 307265 0 0 0 ALICE R ROEBUCK ASSISTANT HEAD FOR ADVANCEMENT & ENGAGEMENT 254514 0 0 0 360 0 20327 0 0 0 275201 0 0 0 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION 145463 0 0 0 1654 0 12639 0 60364 0 220120 0 0 0 MARIE MYERS DIRECTOR OF ENROLLMENT MANAGEMENT 154782 0 0 0 308 0 12870 0 47466 0 215426 0 0 0 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 153472 0 0 0 276 0 13927 0 40455 0 208130 0 0 0 FRANCIS GALLAGHER CONTROLLER 146048 0 0 0 116 0 11988 0 11699 0 169851 0 0 0 PART I, LINE 1A CONCORD ACADEMY IS A COEDUCATIONAL BOARDING AND DAY SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, SOME FACULTY AND STAFF LIVE IN SCHOOL-OWNED HOUSING WHICH IS A NONTAXABLE BENEFIT TO THEM. LISTED EMPLOYEES WHO RECEIVE THIS HOUSING INCLUDE THE HEAD OF SCHOOL, THE DIRECTOR OF ENROLLMENT MANAGEMENT, THE DIRECTOR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION, AND THE ASSOCIATE HEAD FOR TEACHING, LEARNING AND FACULTY. PART I, LINE 3 THE CONCORD BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFOO, DIRECTOR OF ENROLLMENT MANAGEMENT, ASSOCIATE HEAD FOR TEACHING, LEARNING, AND FACULTY, AND ASSISTANT HEAD FOR ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. PART I, LINES 4A-B RICHARD G. HARDY, EMERITUS HEAD OF SCHOOL, PARTICIPATED IN THE ACADEMY'S NONQUALIFIED RETIREMENT PLAN (SEC. 457F PLAN). THE DEFERRED COMPENSATION AMOUNT UNDER THE PLAN VESTED ON JUNE 30, 2022. HENRY FAIRFAX, HEAD OF SCHOOL, PARTICIPATES IN THE ACADEMY'S NONQUALIFIED RETIREMENT PLAN (SEC. 457F PLAN). THE ACADEMY ACCRUED $50,000 UNDER THE PLAN AS OF JUNE 30, 2023. THIS AMOUNT IS REPORTED IN PART II, COLUMN C. MELODY KOMYEROV, DIRECTOR OF MARKETING AND COMMUNICATIONS, LEFT CONCORD ACADEMY IN OCTOBER 2022 AND RECEIVED A SEVERANCE OF $131,325. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-03-01 14045589 SEE PART VI 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-03-01 7000000 SEE PART VI 0 0 0 A 1232939 14045589 14045589 1 0 1 1 B 7000000 51000 6949000 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: TO REFINANCE THE SERIES 2017A BONDS AND THE SERIES 2017B BONDS. SCHEDULE K, PART I, BOND ISSUES: (B) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF CENTENNIAL ARTS CENTER BUILDING. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY MADE AVAILABLE UP TO $7,000,000 IN REVENUE BONDS (THE SERIES 2022 BONDS) AND ARE AVAILABLE FOR THE ACADEMY TO DRAW DOWN UPON THROUGH MARCH 2025. AS OF JUNE 30, 2023, THE ACADEMY HAD DRAWN DOWN $51,000. X 47 872266 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. PART I, LINE 32B: MORGAN STANLEY SMITH BARNEY, LLC PROCESSED AND SOLD THE STOCK DONATIONS ON BEHALF OF THE ACADEMY THROUGH NOVEMBER 2022. BEGINNING IN DECEMBER 2022, PRINCIPAL FINANCIAL GROUP PROCESSED THESE GIFTS ON BEHALF OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE 2022 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM ELECTRONICALLY WHICH IS THEN MADE AVAILABLE TO THE CHIEF OF STAFF. ONCE RETURNED, EACH FORM IS REVIEWED BY THE CHIEF OF STAFF AND ANY EXCEPTIONS ARE REPORTED TO THE HEAD AND CFOO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE ON TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. AN ELECTRONIC RECORD OF THE RESPONSES IS SAVED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CONCORD BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFOO, DIRECTOR OF ENROLLMENT MANAGEMENT, ASSOCIATE HEAD FOR TEACHING, LEARNING AND FACULTY, AND ASSISTANT HEAD FOR ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 83,658. CHARITABLE REMAINDER TRUSTS (1) CHARITABLE TRUST MA CONCORD ACADEMY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0