CONCORD ACADEMY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CONCORD ACADEMY (EIN 04-1200600)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-08
- IRS object ID
- 202520989349301017
- Schema version
- 2023v6.0
- 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
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-08T15:02:55-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021293742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041200600 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CONC | BusinessNameControlTxt |
| Phone | 9784022200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN ST | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY MILLER-FREDERICKS | PersonNm |
| Person Title | CFOO | PersonTitleTxt |
| Phone | 9784022200 | PhoneNum |
| Signature | 2025-04-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | REBEKUH ELEY | PreparerPersonNm |
| PTIN | P01247672 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HENRY FAIRFAX | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN ST | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $144,962,326 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CONCORDACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1922 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2023-24 ENROLLMENT WAS COMPOSED OF 419 STUDENTS, 162 OF WHOM WERE BOARDING STUDENTS AND 257 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2023-24 YEAR CONSISTED OF STUDENTS FROM 12 STATES/TERRITORIES AND 13 FOREIGN COUNTRIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 399 | TotalEmployeeCnt |
| Total Volunteers | 360 | TotalVolunteersCnt |
| Total Gross UBI | $20,467 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $8,177 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $10,593,673 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,585,896 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $25,644,491 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $28,951,791 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,197,920 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,066,860 | CYInvestmentIncomeAmt |
| PY Other Revenue | $160,410 | PYOtherRevenueAmt |
| CY Other Revenue | $136,527 | CYOtherRevenueAmt |
| PY Total Revenue | $37,596,494 | PYTotalRevenueAmt |
| CY Total Revenue | $53,741,074 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,284,219 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,950,493 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,152,050 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,646,706 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,463,699 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,152,935 | PYOtherExpensesAmt |
| CY Other Expenses | $11,448,144 | CYOtherExpensesAmt |
| PY Total Expenses | $35,589,204 | PYTotalExpensesAmt |
| CY Total Expenses | $37,045,343 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,007,290 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,695,731 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $177,453,653 | TotalAssetsBOYAmt |
| Total Assets EOY | $203,071,551 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $24,771,415 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,940,862 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $152,682,238 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $175,130,689 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $29,091,183 | ExpenseAmt |
| Grant | $5,950,493 | GrantAmt |
| Revenue | $28,994,689 | RevenueAmt |
| Desc | SECONDARY EDUCATION: 419 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9. | Desc |
| Total Program Service Expenses | $29,091,183 | 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 | 0 | 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 | 0 | 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 | Yes (1) | 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 | 0 | 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 | Yes (1) | 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 | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 109 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 399 | 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 | 0 | QuidProQuoContributionsInd |
| 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 | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | 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 | 0 | 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 |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY MILLER-FREDERICKS CFOO | PersonNm |
| Phone | 9784022200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 166 MAIN ST | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| HENRY FAIRFAX | |||||||||
| HEAD OF SCHOOL | 55.00 | 0.00 | Yes (X) | Yes (X) | $450,063 | $0 | $167,904 | ||
| SUNREDI ADMADJAJA | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TESS MUNRO BAUTA | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES CARTER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TRELANE CLARK | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| IRENE CHU | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JANE DU | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL LIPSON GLICK | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DENNIS GOLDSTEIN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEXIS GOLTRA | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KERRY HOFFMAN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NICOLE KOCH | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN KRAMARSKY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRENDAN LARGAY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAULINE LIN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PODIE LYNCH | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN MCALMON | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROL MORIARTY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDY ORY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DERRICK YAT BOND PANG | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| IMANI PERRY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ASHLEY SHIH | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LY TRAN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER J BURLEIGH | |||||||||
| CO-PRESIDENT | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER A PLINE | |||||||||
| CO-PRESIDENT | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KEVIN PARKE | |||||||||
| FIRST VICE PRESIDENT | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SEAN M DALTON | |||||||||
| VICE PRESIDENT | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN GROSSMAN | |||||||||
| VICE PRESIDENT | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JONATHAN DESIMONE | |||||||||
| TREASURER | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CAROLYN STAFFORD STEIN | |||||||||
| SECRETARY | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| AMY MILLER-FREDERICKS | |||||||||
| CHIEF FINANCIAL & OPERATING OFFICER | 55.00 | 0.00 | Yes (X) | $286,312 | $0 | $78,874 | |||
| SARAH YEH ASSOCIATE HEAD FOR | |||||||||
| TEACHING, LEARNING & FACULTY | 55.00 | 0.00 | $248,570 | $0 | $84,135 | Yes (X) | |||
| ALICE R ROEBUCK ASS HEAD FOR | |||||||||
| ADVANCEMENT & ENGMT. (UNTIL 1/5/24) | 55.00 | 0.00 | $262,467 | $0 | $20,935 | Yes (X) | |||
| CHRISTINE H FLASHNER INT DIR OF | |||||||||
| ADVANCEMENT & ENGMT. (FROM 1/29/24) | 55.00 | 0.00 | $158,481 | $0 | $56,297 | Yes (X) | |||
| MICHAEL MCSORLEY | |||||||||
| DIRECTOR OF OPERATIONS | 55.00 | 0.00 | $170,587 | $0 | $78,226 | Yes (X) | |||
| DONALD KINGMAN DIR OF CAMPUS | |||||||||
| PLANNING, DESIGN & CONSTRUCTION | 55.00 | 0.00 | $176,473 | $0 | $64,881 | Yes (X) | |||
| HEATHER SULLIVAN DIRECTOR OF | |||||||||
| MARKETING & COMM. (UNTIL 5/30/24) | 55.00 | 0.00 | $154,164 | $0 | $35,946 | Yes (X) | |||
| FRANCIS GALLAGHER | |||||||||
| CONTROLLER | 55.00 | 0.00 | $151,813 | $0 | $24,671 | Yes (X) | |||
| DAVID LEACH | |||||||||
| DIRECTOR OF ADMINISTRATIVE SYSTEMS | 55.00 | 0.00 | $144,806 | $0 | $11,438 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,203,736 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $623,307 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 34 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | 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 |
|---|---|---|---|---|---|
| MJ CATALDO INC | |||||
| PO BOX 1343 | LITTLETON | MA | 01460 | CONSTRUCTION SERVICES | $2,693,913 |
| SODEXO INC & AFFILIATES | |||||
| PO BOX 360170 | PITTSBURGH | PA | 15251 | FOOD SERVICES | $1,898,203 |
| WINDOVER CONSTRUCTION INC | |||||
| 66 CHERRY HILL DRIVE | BEVERLY | MA | 01915 | CONSTRUCTION SERVICES | $1,863,041 |
| DEWING SCHMID KEARNS | |||||
| 30 MONUMENT SQUARE SUITE 200B | CONCORD | MA | 01742 | ARCHITECTURAL SERVICES | $1,238,260 |
| OUNCE IT LLC | |||||
| 205 NEWBURY ST SUITE 202 | FRAMINGHAM | MA | 01701 | IT SERVICES | $735,291 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $18,585,896 | AllOtherContributionsAmt |
| Noncash Contributions | $844,675 | NoncashContributionsAmt |
| Total Contributions | $18,585,896 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION & FEES/SUMMER | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $28,951,791 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,951,791 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $28,951,791 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,324,805 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $20,467 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,304,338 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $83,000 | 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 | $83,000 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $83,000 | TotalRevenueColumnAmt |
| Exclusion | $83,000 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $94,963,307 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $91,221,252 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,742,055 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,742,055 | TotalRevenueColumnAmt |
| Exclusion | $3,742,055 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| REUNION REGISTRATIONS | 611110 | $27,640 | $27,640 | |
| PERFORMING ARTS | 611110 | $12,630 | $12,630 | |
| CREDIT CARD REBATES | 611110 | $10,629 | $10,629 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,628 | TotalRevenueColumnAmt |
| Exclusion | $2,628 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $53,527 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,741,074 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,992,061 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $20,467 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,142,650 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $10,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,940,493 | TotalAmt |
| Program Services | $5,940,493 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,755,643 | TotalAmt |
| Program Services | $310,198 | ProgramServicesAmt |
| Management And General | $1,067,256 | ManagementAndGeneralAmt |
| Fundraising | $378,189 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,556,189 | TotalAmt |
| Program Services | $10,680,685 | ProgramServicesAmt |
| Management And General | $2,407,541 | ManagementAndGeneralAmt |
| Fundraising | $467,963 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $841,062 | TotalAmt |
| Program Services | $626,971 | ProgramServicesAmt |
| Management And General | $188,918 | ManagementAndGeneralAmt |
| Fundraising | $25,173 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,430,450 | TotalAmt |
| Program Services | $1,881,690 | ProgramServicesAmt |
| Management And General | $423,135 | ManagementAndGeneralAmt |
| Fundraising | $125,625 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,063,362 | TotalAmt |
| Program Services | $772,675 | ProgramServicesAmt |
| Management And General | $234,131 | ManagementAndGeneralAmt |
| Fundraising | $56,556 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,663 | TotalAmt |
| Management And General | $62,663 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,865 | TotalAmt |
| Management And General | $110,865 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,717 | TotalAmt |
| Management And General | $389,717 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,624,393 | TotalAmt |
| Program Services | $1,223,913 | ProgramServicesAmt |
| Management And General | $330,873 | ManagementAndGeneralAmt |
| Fundraising | $69,607 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,835 | TotalAmt |
| Program Services | $817 | ProgramServicesAmt |
| Management And General | $85,146 | ManagementAndGeneralAmt |
| Fundraising | $40,872 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $453,103 | TotalAmt |
| Program Services | $244,090 | ProgramServicesAmt |
| Management And General | $143,803 | ManagementAndGeneralAmt |
| Fundraising | $65,210 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,660 | TotalAmt |
| Program Services | $98,795 | ProgramServicesAmt |
| Management And General | $62,567 | ManagementAndGeneralAmt |
| Fundraising | $6,298 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,062,750 | TotalAmt |
| Program Services | $1,009,229 | ProgramServicesAmt |
| Management And General | $32,437 | ManagementAndGeneralAmt |
| Fundraising | $21,084 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $374,217 | TotalAmt |
| Program Services | $231,152 | ProgramServicesAmt |
| Management And General | $130,489 | ManagementAndGeneralAmt |
| Fundraising | $12,576 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,220 | TotalAmt |
| Program Services | $113,053 | ProgramServicesAmt |
| Management And General | $83,899 | ManagementAndGeneralAmt |
| Fundraising | $15,268 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $322,941 | TotalAmt |
| Program Services | $305,565 | ProgramServicesAmt |
| Management And General | $10,531 | ManagementAndGeneralAmt |
| Fundraising | $6,845 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,388,849 | TotalAmt |
| Program Services | $2,260,317 | ProgramServicesAmt |
| Management And General | $77,899 | ManagementAndGeneralAmt |
| Fundraising | $50,633 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,466 | TotalAmt |
| Management And General | $258,466 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD | $2,227,215 | $2,140,216 | $63,590 | $23,409 |
| EQUIPMENT | $828,688 | $787,703 | $26,207 | $14,778 |
| DUES & SUBSCRIPTIONS | $304,935 | $134,628 | $100,854 | $69,453 |
| UBI TAX EXPENSE | $40,000 | $40,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $492,627 | TotalAmt |
| Program Services | $318,993 | ProgramServicesAmt |
| Management And General | $159,474 | ManagementAndGeneralAmt |
| Fundraising | $14,160 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,045,343 | TotalAmt |
| Program Services | $29,091,183 | ProgramServicesAmt |
| Management And General | $6,490,461 | ManagementAndGeneralAmt |
| Fundraising | $1,463,699 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,600 | BOYAmt |
| EOY | $3,300 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,468,096 | BOYAmt |
| EOY | $18,207,914 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,833,294 | BOYAmt |
| EOY | $14,291,348 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $429,040 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,026 | BOYAmt |
| EOY | $8,550 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,570 | BOYAmt |
| EOY | $21,420 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,032 | BOYAmt |
| EOY | $708,548 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $100,953,708 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,808,607 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,100,142 | BOYAmt |
| EOY | $60,145,101 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,721,329 | BOYAmt |
| EOY | $58,270,398 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,714,398 | BOYAmt |
| EOY | $49,806,533 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,539,126 | BOYAmt |
| EOY | $1,608,439 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,453,653 | BOYAmt |
| EOY | $203,071,551 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,596,598 | BOYAmt |
| EOY | $4,646,064 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,489,101 | BOYAmt |
| EOY | $9,984,089 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,605,653 | BOYAmt |
| EOY | $12,216,293 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,080,063 | BOYAmt |
| EOY | $1,094,416 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,771,415 | BOYAmt |
| EOY | $27,940,862 | 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 | $67,168,240 | BOYAmt |
| EOY | $72,407,040 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,513,998 | BOYAmt |
| EOY | $102,723,649 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,682,238 | BOYAmt |
| EOY | $175,130,689 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,453,653 | BOYAmt |
| EOY | $203,071,551 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $16,695,731 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,618,135 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $134,585 | 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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $91,385,880 | BeginningYearBalanceAmt |
| Contributions | $3,067,542 | ContributionsAmt |
| Investment Earnings Or Losses | $10,146,144 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $959,164 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,190,836 | OtherExpendituresAmt |
| End Year Balance | $100,449,566 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $86,526,570 | BeginningYearBalanceAmt |
| Contributions | $841,687 | ContributionsAmt |
| Investment Earnings Or Losses | $8,101,623 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $916,512 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,167,488 | OtherExpendituresAmt |
| End Year Balance | $91,385,880 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $94,564,831 | BeginningYearBalanceAmt |
| Contributions | $2,605,448 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,852,709 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $829,365 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,961,635 | OtherExpendituresAmt |
| End Year Balance | $86,526,570 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $80,021,483 | BeginningYearBalanceAmt |
| Contributions | $1,890,094 | ContributionsAmt |
| Investment Earnings Or Losses | $16,209,254 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $728,454 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,827,546 | OtherExpendituresAmt |
| End Year Balance | $94,564,831 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $80,169,190 | BeginningYearBalanceAmt |
| Contributions | $4,053,596 | ContributionsAmt |
| Investment Earnings Or Losses | -$941,303 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $625,137 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,634,863 | OtherExpendituresAmt |
| End Year Balance | $80,021,483 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.28500 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.54600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.16900 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,171,694 | OtherCostOrOtherBasisAmt |
| Book Value | $8,171,694 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,877,773 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,253,544 | DepreciationAmt |
| Book Value | $29,624,229 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,301,632 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,544,050 | DepreciationAmt |
| Book Value | $1,757,582 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,602,609 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,013 | DepreciationAmt |
| Book Value | $20,591,596 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $60,145,101 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HIGH QUALITY FIXED INCOME | $14,150,503 | F |
| PRIVATE EQUITY | $15,332,463 | F |
| REAL ASSET | $3,300,142 | F |
| DIRECT LENDING | $9,568,172 | F |
| GLOBAL EQUITY | $7,455,253 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $49,806,533 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| CAPITAL LEASE OBLIGATIONS | $2,579 |
| HOUSING DEPOSITS | $38,576 |
| ACTIVITIES ACCOUNT | $517,957 |
| REGRISTRATION DEPOSITS | $500,920 |
| INSURANCE DEPOSITS | $34,384 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,094,416 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $53,683,364 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,618,135 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$5,286,128 | OtherRevenueAmt |
| Revenue Not Reported | $332,007 | RevenueNotReportedAmt |
| Revenue Subtotal | $53,351,357 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $389,717 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $389,717 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $53,741,074 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $31,234,913 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $31,234,913 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $389,717 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $5,420,713 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,810,430 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $37,045,343 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 REGULATIONS, 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 134,585. FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -5,420,713. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 5,420,713. |
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 | THE FOLLOWING STATEMENT IS MADE AVAILABLE ON THE SCHOOL'S WEBSITE: CONCORD ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, GENDER, RELIGION, SEXUAL ORIENTATION, AND NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY, RACE, GENDER, RELIGION, SEXUAL ORIENTATION, COLOR, OR NATIONAL AND ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETICS AND OTHER SCHOOL-ADMINISTERED PROGRAMS AND ACTIVITIES. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $7,535,729 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | INVESTMENTS | $3,444,924 | |
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | $8,146 | ADMISSIONS RECRUITING |
| EUROPE (INCLUDING ICELAND & GREENLAND) | PROGRAM SERVICES | $6,805 | ADMISSIONS RECRUITING |
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES/FUNDRAISING | $74,120 | ADMISSIONS RECRUITING/CA EVENTS & UPDATES |
| 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 | $11,069,724 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $11,069,724 | 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 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD FREE PUBLIC LIBRARY CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 129 MAIN STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 042121328 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Purpose Of Grant | CAPITAL CAMPAIGN | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (9 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| TUITION GRANTS | 102 | $5,477,995 | DIFFERENCE AFTER EXPECTED FAMILY CONTRIBUTION PER FINANCIAL AID (FA) | GRANTS DEDUCTED FROM SCHOOL TUITION | |
| MUSIC LESSON FINANCIAL AID | 37 | $59,278 | PERCENTAGE OF FINANCIAL AID AWARD | FINANCIAL AID DEDUCTED FROM MUSIC LESSON FEES | |
| HEALTH INSURANCE FINANCIAL AID | 28 | $109,558 | PERCENTAGE OF FINANCIAL AID AWARD | FINANCIAL AID DEDUCTED FROM STUDENT HEALTH INSURANCE COSTS | |
| MONTHLY SUPPLEMENTAL FOR INCIDENTALS | 31 | $22,320 | |||
| TRAVEL EXPS - FA STUDENTS TIX PURCHASED ON THEIR BEHALF TO/FROM HOME; SUMMER PROGRAM/TRAVEL EXPENSE | 20 | $8,623 | CASH REIMBURSEMENTS | TRAVEL EXPENSES PURCHASED FOR STUDENTS BY DIRECTORS OF FA ON STUDENT'S BEHALF | $4,925 |
| FA STUDENTS COMPUTER GRANTS/COMPUTER SUPPLIES | 35 | $2,558 | CASH REIMBURSEMENTS | SUPPLIES PURCHASED FOR STUDENTS BY DIRECTORS OF FA ON STUDENT'S BEHALF | $23,610 |
| ACTIVITIES ACCOUNT GRANTS | 112 | $136,930 | ESTIMATE FOR STUDENT RELATED BOOK AND INCIDENTAL EXPENSES | FA DEDUCTED FROM STUDENT INCIDENTAL CHARGES | |
| STUDENT TRIP GRANTS | 24 | $91,925 | PERCENTAGE OF FINANCIAL AID AWARD | FINANCIAL AID DEDUCTED FROM STUDENT TRIP COSTS | $0 |
| TRAVEL EXP REIMB - FA PARENT/GUARDIAN TO/FROM CA EVENTS | 5 | $1,371 | CASH REIMBURSEMENTS | TRAVEL EXPENSES PURCHASED FOR GUARDIANS BY DIRECTORS OF FA ON THEIR BEHALF | $1,400 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CONCORD ACADEMY AWARDED FINANCIAL ASSISTANCE TO 112 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | 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 (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HENRY FAIRFAX | ||||||||||||||
| HEAD OF SCHOOL | $449,823 | $0 | $0 | $0 | $240 | $0 | $72,500 | $0 | $95,404 | $0 | $617,967 | $0 | $0 | $0 |
| AMY MILLER-FREDERICKS | ||||||||||||||
| CHIEF FINANCIAL & OPERATING OFFICER | $284,728 | $0 | $0 | $0 | $1,584 | $0 | $46,220 | $0 | $32,654 | $0 | $365,186 | $0 | $0 | $0 |
| SARAH YEH ASSOCIATE HEAD FOR | ||||||||||||||
| TEACHING, LEARNING & FACULTY | $248,210 | $0 | $0 | $0 | $360 | $0 | $39,329 | $0 | $44,806 | $0 | $332,705 | $0 | $0 | $0 |
| ALICE R ROEBUCK ASS HEAD FOR | ||||||||||||||
| ADVANCEMENT & ENGMT. (UNTIL 1/5/24) | $262,107 | $0 | $0 | $0 | $360 | $0 | $20,935 | $0 | $0 | $0 | $283,402 | $0 | $0 | $0 |
| MICHAEL MCSORLEY | ||||||||||||||
| DIRECTOR OF OPERATIONS | $170,398 | $0 | $0 | $0 | $189 | $0 | $14,460 | $0 | $63,766 | $0 | $248,813 | $0 | $0 | $0 |
| DONALD KINGMAN DIR OF CAMPUS | ||||||||||||||
| PLANNING, DESIGN & CONSTRUCTION | $174,743 | $0 | $0 | $0 | $1,730 | $0 | $15,018 | $0 | $49,863 | $0 | $241,354 | $0 | $0 | $0 |
| CHRISTINE H FLASHNER INT DIR OF | ||||||||||||||
| ADVANCEMENT & ENGMT. (FROM 1/29/24) | $158,205 | $0 | $0 | $0 | $276 | $0 | $14,343 | $0 | $41,954 | $0 | $214,778 | $0 | $0 | $0 |
| HEATHER SULLIVAN DIRECTOR OF | ||||||||||||||
| MARKETING & COMM. (UNTIL 5/30/24) | $153,825 | $0 | $0 | $0 | $339 | $0 | $0 | $0 | $35,946 | $0 | $190,110 | $0 | $0 | $0 |
| FRANCIS GALLAGHER | ||||||||||||||
| CONTROLLER | $151,692 | $0 | $0 | $0 | $121 | $0 | $12,449 | $0 | $12,222 | $0 | $176,484 | $0 | $0 | $0 |
| DAVID LEACH | ||||||||||||||
| DIRECTOR OF ADMINISTRATIVE SYSTEMS | $143,396 | $0 | $0 | $0 | $1,410 | $0 | $11,438 | $0 | $0 | $0 | $156,244 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 OPERATIONS, THE DIRECTOR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION, AND THE ASSOCIATE HEAD FOR TEACHING, LEARNING AND FACULTY. CONCORD ACADEMY PAID CERTAIN EXPENSES ON BEHALF OF THE HEAD OF SCHOOL, HENRY FAIRFAX, FOR COMPANION EXPENSES WHICH ARE NONTAXABLE TO THE HEAD OF SCHOOL. CERTAIN TRANSPORTATION EXPENSES WERE INCURRED FOR THE HEAD OF SCHOOL'S SPOUSE IN RELATION TO CONCORD ACADEMY PLANNED EVENTS. |
| 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, INTERIM DIRECTOR OF ADVANCEMENT & ENGAGEMENT, 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 | 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, 2024. THIS AMOUNT IS REPORTED IN PART II, COLUMN C. ALICE ROEBUCK, ASSISTANT HEAD FOR ADVANCEMENT & ENGAGEMENT, LEFT CONCORD ACADEMY IN JANUARY 2024 AND RECEIVED A SEVERANCE OF $154,136. THE SEVERANCE PAYMENT IS REFLECTED ON ALICE'S 2024 FORM W-2. HEATHER SULLIVAN, DIRECTOR OF MARKETING AND COMMUNICATIONS, LEFT CONCORD ACADEMY IN MAY 2024 AND RECEIVED A SEVERANCE OF $29,183. THE SEVERANCE PAYMENT IS REFLECTED ON HEATHER'S 2024 FORM W-2. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2020-03-01 | $14,045,589 | SEE PART VI | 0 | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2022-03-01 | $7,000,000 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|
| A | $1,632,533 | $14,045,589 | $14,045,589 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $7,000,000 | $51,000 | 0 | 0 | 0 | Yes (1) | $6,949,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2024, THE ACADEMY HAD DRAWN DOWN $51,000. THE ACADEMY INTENDS TO DRAW THE REMAINING BALANCE IN FULL DURING FISCAL YEAR 2025. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE PART V | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SEE PART V | RelationshipDescriptionTxt |
| Transaction | $467,000 | TransactionAmt |
| Transaction | SEE PART V | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: | FormAndLineReferenceDesc |
| Explanation | (A) NAME OF PERSON: JOHN MORIARTY & ASSOCIATES, INC.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ENTITY MORE THAN 35% OWNED BY A SPOUSE OF TRUSTEE CAROL MORIARTY.(D) DESCRIPTION OF TRANSACTION: THE ACADEMY WORKED WITH JOHN MORIARTY & ASSOCIATES, INC. ON AN ONGOING CAPITAL PROJECT. THE COMPANY BOUGHT MATERIALS ON BEHALF OF THE ACADEMY AND PASSED THROUGH THE COST TO THE ACADEMY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 54 | ContributionCnt |
| Noncash Contributions Rpt F990 | $844,675 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | 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 OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | UPON COMPLETION OF THE 2023 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, THE INTERIM DIRECTOR OF ADVANCEMENT & ENGAGEMENT, 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 134,585. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARITABLE TRUST | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCORD ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |