2024-10-31T14:21:26-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-07-01 042108347 BELMONT DAY SCHOOL INC BELM 6174843078 55 DAY SCHOOL LANE BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 6174843078 2024-10-30 1 0 SHANNON CROWLEY P01594935 7819821001 2024-10-30 2023 2024-10-15 13:58:12Z BRENDAN LARGAY 55 DAY SCHOOL LANE BELMONT MA 02478 26216184 0 X BELMONTDAY.ORG X 1927 MA SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT. 22 17 312 75 0 0 1066117 956280 16928539 17990750 -68929 793966 36090 124247 17961817 19865243 2288724 2696438 0 0 10941174 11721430 47684 82294 763010 4853849 4992211 18131431 19492373 -169614 372870 55318139 57227274 25449924 25877712 29868215 31349562 X TO INSPIRE AND CHALLENGE. (SEE SCHEDULE O FOR CONTINUATION.) 0 0 13914660 2521678 15225804 WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 334 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, LATIN, SPANISH, AND PHYSICAL EDUCATION. 1438020 52969 2320258 SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 960 CHILDREN ATTEND SUMMER SESSION. 521334 121790 568935 THE EXTERNAL PROGRAMS PROVIDE 155 CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. IN ADDITION, 29 CHILDREN PARTICIPATED IN VACATION CAMPS IN FEBRUARY AND APRIL. 15874014 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 1 312 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X HILARY BERKMAN 6174843078 BELMONT DAY SCHOOL 55 DAY SCHOOL BELMONT MA 02478 BRENDAN LARGAY HEAD OF SCHOOL 40.00 X X 393596 0 18628 ELLIOT TARGUM PRESIDENT/TRUSTEE 1.00 X X 0 0 0 JESSICA TURCO VICE PRESIDENT/TRUSTEE 1.00 X X 0 0 0 MATTHEW KISHLANSKY TREASURER/TRUSTEE 1.00 X X 0 0 0 ELISE BAYARD FRANKLIN CLERK/TRUSTEE 1.00 X X 0 0 0 CAROLYN ATINIZIAN TRUSTEE 1.00 X 0 0 0 KARLA BAYS TRUSTEE 1.00 X 0 0 0 SAMUEL BIGELOW TRUSTEE 1.00 X 0 0 0 ADAM COLANGELO TRUSTEE 1.00 X 0 0 0 CHRISTINA COSMAN TRUSTEE 1.00 X 0 0 0 BRIT DEWEY TRUSTEE 1.00 X 0 0 0 NICOLE DUFAUCHARD TRUSTEE 1.00 X 0 0 0 KATIE LEESON TRUSTEE 1.00 X 0 0 0 JOSEPH MCKEEVER TRUSTEE 1.00 X 0 0 0 ALEX MIN TRUSTEE 1.00 X 0 0 0 SHARRA OWENS-SCHWARTZ TRUSTEE 1.00 X 0 0 0 STUTI SHUKLA TRUSTEE 1.00 X 0 0 0 MICHAEL TREISMAN TRUSTEE 1.00 X 0 0 0 KIMBERLY TRUONG TRUSTEE 1.00 X 0 0 0 MUSTAFA ULUKAN TRUSTEE 1.00 X 0 0 0 NATASHA WARIKOO TRUSTEE 1.00 X 0 0 0 ANGEL WILLIAMS TRUSTEE 1.00 X 0 0 0 DAVID GORDON CFO (UNTIL 3/24) 40.00 X 89945 0 16592 JESSICA HALTON DIRECTOR OF DEVELOPMENT (UNTIL 4/24) 40.00 X 190654 0 10093 ELIZABETH PARFIT DIRECTOR OF ADMISSIONS 40.00 X 141990 0 30880 ANNIE FUERST DIRECTOR OF INNOVATION 40.00 X 139160 0 8449 SARAH BARROW BUSINESS MANAGER 40.00 X 130647 0 8716 CONNIE YEPEZ DIR. OF DIVERSITY, EQUITY, INCLUSION & BELONGI 40.00 X 128298 0 17669 FREDERICK COLSON III FORMER DIRECTOR OF FINANCE 40.00 X 119041 0 14090 DEBORAH BRISSENDEN FORMER ASST. HEAD OF SCHOOL 0.00 X 103240 0 0 1436571 0 125117 21 1 1 0 SYSCO BOSTON LLC 99 SPRING STREET PLYMPTON MA 023671701 FOOD DISTRIBUTION SERVICES 193824 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 170090 ALCANTARA CONTRACTOR INC 407 MYSTIC AVENUE REAR 36A MEDFORD MA 021556339 CONTRACTOR- BUILDING RENOVATIONS 129766 DOHERTY'S GARAGE INC 161 LINCOLN ROAD LINCOLN MA 017733815 STUDENT TRANSPORTATION 117431 4 956280 10830 956280 TUITION & FEES-WINTER 611600 15076557 15076557 TUITION & FEES-SUMMER 611600 2320258 2320258 TUITION & FEES-EXT. PROG. 611600 568935 568935 TUITION & FEES-OTHER PRG. 611600 25000 25000 17990750 541227 541227 96188 0 96188 96188 96188 6603280 400 6350941 0 252339 400 252739 252739 MISCELLANEOUS 611600 28059 28059 28059 19865243 18114997 0 793966 2696438 2696438 591790 507467 84323 9088127 7501315 1210532 376280 405289 326115 60493 18681 904979 791217 79783 33979 731245 581915 116097 33233 23498 23498 62750 62750 82294 82294 35950 35950 272915 162814 85203 24898 128162 48253 74820 5089 848875 599965 170091 78819 142543 121479 7721 13343 802234 774977 24911 2346 193523 193523 116912 104401 12511 236704 228440 7553 711 1300087 1254695 41485 3907 183196 3740 179456 FOOD & KITCHEN 322960 322960 MISCELLANEOUS 145108 20529 124579 EQUIPMENT RENTAL & MAIN 91284 60835 30449 ATHLETICS 80403 80403 5107 5107 19492373 15874014 2855349 763010 2031929 2251531 927546 965706 317776 263718 9716300 10489669 544292 547933 44001205 18065490 26662978 25935715 15117318 16773002 55318139 57227274 1467128 1277246 14689209 15592779 9293587 9007687 25449924 25877712 X 22914169 24192633 6954046 7156929 29868215 31349562 55318139 57227274 X 372870 1100515 7962 X 0 1 X 1 0 X 2332516 1956030 1249853 1066117 956280 7560796 2332516 1956030 1249853 1066117 956280 7560796 274000 7286796 377011 278673 272588 449847 637415 2015534 46320 38716 36881 36890 28059 186866 9763196 75290570 0.74640 0.75350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 46,320. 2020 AMOUNT: $ 38,716. 2021 AMOUNT: $ 36,881. 2022 AMOUNT: $ 36,890. 2023 AMOUNT: $ 28,059. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 0.00 0 13502705 644873 1686464 17426 625447 15191169 10808288 576048 2691393 16466 556558 13502705 14358653 684777 -1757865 30718 2446559 10808288 16362749 707771 3433404 27383 6117888 14358653 16011595 718000 292154 19644 639356 16362749 0.61016 0.38984 0.00000 0 0 2640987 2640987 35478617 13563935 21914682 2717035 2175372 541663 3164566 2326183 838383 25935715 18159038 1100515 7962 1108477 17050561 35950 2778732 2814682 19865243 16677691 0 16677691 35950 2778732 2814682 19492373 PART II, LINE 9: THE SCHOOL PURCHASED CLAFIN FIELD ON MARCH 28, 2001, WHICH IS SUBJECT TO A CONSERVATION RESTRICTION REQUIRING THAT IT BE PRESERVED. THIS PARCEL IS INCLUDED IN PROPERTY AND EQUIPMENT ON THE STATEMENT OF FINANCIAL POSITION AND THE SCHOOL'S MANAGEMENT AND BUILDINGS AND GROUNDS STAFF IS AWARE OF THE PRESERVATION REQUIREMENT AND ENSURES IT IS FOLLOWED. THE LAND IS ADJACENT TO THE SCHOOL GROUNDS AND HAS BEEN USED AS A PLAYING FIELD FOR PHYSICAL EDUCATION AND ATHLETIC PROGRAMS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR AND BOARD-RESTRICTED FUNDS. THESE AMOUNTS ARE HELD IN VARIOUS INVESTMENT VEHICLES SO THAT THE RELATED INCOME CAN BE USED TO PROVIDE FINANCIAL AID TO FAMILIES AND TO FUND VARIOUS PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CHARITABLE LEAD TRUST 7,962. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,696,438. CAPITAL CAMPAIGN 82,294. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,696,438. CAPITAL CAMPAIGN EXPENSES 82,294. 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 NOTICE OF NON-DISCRIMINATION POLICY APPEARS ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. X X X X 1 THE ANGELETTI GROUP LLC 365 SOUTH ST SUITE 100 MORRISTOWN NJ 079607339 CAPITAL CAMPAIGN FEASIBILITY STUDY 0 0 0 75000 FLYWHEEL ADVANCEMENT LLC 654 FERRY STREET MOUNT PLEASANT SC 294644412 INTERIM DIRECTOR OF DEVELOPMENT 0 0 0 24000 99000 AZ CA CO DC FL GA IL LA MA ME MD MI MN MO NJ NM NY NC OH OK PA RI SC TN VT WA WI CT NH VA 1 FINANCIAL AID 105 2696438 PART I, LINE 2 FAMILIES WISHING TO APPLY FOR FINANCIAL AID MUST FIRST SUBMIT A LETTER OF INTENT TO APPLY FOR AID TO THE SCHOOL. THE SCHOOL THEN PROVIDES THESE FAMILIES WITH AN APPLICATION WHICH IS COMPLETED AND SENT TO AN INDEPENDENT THIRD PARTY WHO COMPILES STATISTICAL ANALYSIS THE SCHOOL CAN USE TO DETERMINE AWARDS. THE ANALYSIS ALONG WITH RECENT TAX DOCUMENTS WHICH THE FAMILIES ARE REQUIRED TO SUBMIT DIRECTLY TO THE SCHOOL ARE REVIEWED BY THE SCHOOL'S FINANCIAL AID COMMITTEE. THE COMMITTEE DETERMINES WHICH FAMILIES QUALIFY FOR AWARDS AND THE AMOUNT OF EACH AWARD. THE SCHOOL'S BUSINESS OFFICE PERSONNEL ENSURE THE AWARDS ARE PROPERLY APPLIED TO THE RECIPIENTS' TUITION ACCOUNT AND THE BUSINESS MANAGER MONITORS ALL STUDENT ACCOUNT ACTIVITY. X X X X 1 0 0 0 0 0 0 0 0 BRENDAN LARGAY HEAD OF SCHOOL 393596 0 0 0 0 0 16500 0 2128 0 412224 0 0 0 JESSICA HALTON DIRECTOR OF DEVELOPMENT (UNTIL 4/24) 190654 0 0 0 0 0 9713 0 380 0 200747 0 0 0 ELIZABETH PARFIT DIRECTOR OF ADMISSIONS 141990 0 0 0 0 0 8010 0 22870 0 172870 0 0 0 FREDERICK COLSON III FORMER DIRECTOR OF FINANCE 119041 0 0 0 0 0 6202 0 7888 0 133131 0 0 0 DEBORAH BRISSENDEN FORMER ASST. HEAD OF SCHOOL 103240 0 0 0 0 0 0 0 0 0 103240 0 0 0 PART I, LINE 4A DEBORAH BRISSENDEN, ASSISTANT HEAD OF SCHOOL RECEIVED SEVERANCE PAYMENTS TOTALING $103,240. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-04-13 15500000 TO PAY OFF 2012 BONDS AND HELP FUND CONSTRUCTION OF NEW SCHOOL BUILDING 0 0 0 A 6373434 15500000 7050041 8449959 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2024 204353 NEED BASED ASSISTANCE FINANCIAL AID PART III COLUMN B ON OCCASION, THE SCHOOL HAS OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES WHOSE FAMILY MEMBERS ARE AWARDED A GRANT OR OTHER ASSISTANCE (FINANCIAL AID). THESE INDIVIDUALS ARE REQUIRED TO FOLLOW THE SAME PROCEDURES AS ALL OTHER FAMILIES AT THE SCHOOL WHEN APPLYING FOR A GRANT OR OTHER ASSISTANCE (SEE THE PROCESS STATEMENT ON SCHEDULE I, PART IV). FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: INSPIRE AND CHALLENGE. AT BELMONT DAY SCHOOL, WE FOSTER INTELLECTUAL CURIOSITY, HONOR DIFFERENCES, AND EMPOWER MEANINGFUL CONTRIBUTION WITH EXCELLENCE, RESPECT, HONESTY, RESPONSIBILITY, CARING, AND JOY. FORM 990, PART III, LINE 1 CONTINUED: BELMONT DAY SCHOOL WAS FOUNDED IN 1927 BY A GROUP OF PARENTS COMMITTED TO PROVIDING CHILDREN WITH A STRONG ACADEMIC FOUNDATION AND MANY OPPORTUNITIES FOR CREATIVE EXPRESSION. TODAY, AS THEN, THE SCHOOL'S PROGRAM GUIDES AND CHALLENGES THE INTELLECTUAL, SOCIAL, EMOTIONAL, MORAL, ARTISTIC, AND PHYSICAL GROWTH OF EACH CHILD. BELMONT DAY SCHOOL STRIVES TO BE A DIVERSE COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE AND INTELLECTUAL DISCIPLINE WHERE STUDENTS FEEL SECURE, EXPERIENCE THE JOYS OF LEARNING, AND KNOW THEIR ACCOMPLISHMENTS ARE VALUED. AT BELMONT DAY SCHOOL WE VIEW EDUCATION AS A PROCESS BY WHICH CHILDREN BECOME SELF-MOTIVATED, LIFE-LONG LEARNERS WHO TAKE RESPONSIBILITY FOR THEMSELVES, EACH OTHER AND THE WORLD AROUND THEM. THE CURRICULUM IS DYNAMIC AND RIGOROUS AND REFLECTS AN UNDERSTANDING OF THE MANY WAYS CHILDREN DEVELOP AND LEARN. IN EVERY GRADE, NEW CONCEPTS ARE INTRODUCED, REINFORCED AND MASTERED THROUGH A RANGE OF CONCRETE EXPERIENCES AND OPPORTUNITIES THAT DEVELOP ABSTRACT REASONING. TEACHERS GUIDE AND INSTRUCT STUDENTS INDIVIDUALLY AND IN SMALL GROUPS WHILE PROVIDING TIME FOR STUDENTS TO LEARN FROM ONE ANOTHER. THE FACULTY PURSUES ONGOING PROFESSIONAL DEVELOPMENT, AND REGULARLY EVALUATES CURRICULUM IN LIGHT OF THE BEST EDUCATIONAL THEORY AND PRACTICE. THE SCHOOL AND ALL ITS MEMBERS COMMIT TO AND PRACTICE SIX CORE VALUES: RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY AND EXCELLENCE. FACULTY, STUDENTS, PARENTS AND ADMINISTRATORS INTEGRATE THESE VALUES INTO CURRICULAR CHOICES, WORKING RELATIONSHIPS, COMMUNITY SERVICE AND ALL OTHER ASPECTS OF SCHOOL LIFE. IT IS THIS VISION OF EDUCATION THAT GUIDES THE SCHOOL NOW AND HAS CHARACTERIZED THE SCHOOL SINCE ITS FOUNDING. BELMONT DAY'S SIX CORE VALUES-RESPECT, HONESTY, RESPONSIBILITY, CARING, JOY, AND EXCELLENCE-ARE INTEGRAL TO ACADEMIC QUALITY, CREATIVITY, FITNESS, AND HEALTH. EVEN THE YOUNGEST CHILDREN QUICKLY BECOME AWARE OF THE SCHOOL'S VALUES AND EXPECTATIONS. AND SOON ENOUGH, THEY BEGIN TO CHERISH AND PROMOTE THESE IDEALS. SPEND SOME TIME AT BELMONT DAY SCHOOL, AND YOU WILL WITNESS OUR SIX CORE VALUES, ALIVE AND ACTIVE, INFORMING EVERYTHING WE DO. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERS CONSIST OF PARENTS, STEP-PARENTS AND LEGALLY APPOINTED GUARDIANS OF STUDENTS AT THE SCHOOL, ELECTED TRUSTEES WHO ARE NOT OTHERWISE MEMBERS AND CERTAIN OTHER PERSONS AS DEFINED IN THE SCHOOL'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS (SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, SECTION A, LINE 6) CAN ELECT, REMOVE AND SUSPEND TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES THAT ARE MADE TO THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL REQUIRED SCHEDULES WERE REVIEWED COMPLETELY BY THE AUDIT COMMITTEE OF THE BOARD, THE DIRECTOR OF FINANCE, AND THE HEAD OF SCHOOL PRIOR TO ITS FILING. THE FINAL FORM 990 WAS FILED IN THE OFFICE OF THE DIRECTOR OF FINANCE SUBSEQUENT TO ITS FILING WITH THE IRS AND IS AVAILABLE FOR ALL MEMBERS OF THE BOARD OF TRUSTEES TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY SPECIFICALLY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD ALSO REQUIRES THE DIRECTOR OF FINANCE TO BE COVERED BY THE POLICY. ON AN ANNUAL BASIS THESE INDIVIDUALS MUST REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, THE COMMITTEE ON TRUSTEES, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES AS A WHOLE REVIEW EVERY SUBSTANTIVE TRANSACTION THAT MIGHT GIVE RISE TO A REAL OR PERCEIVED CONFLICT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT IS DETERMINED TO EXIST, AT ANY BOARD MEETING IN WHICH A PROPOSED TRANSACTION OR DECISION INVOLVING A CONFLICT IS CONSIDERED, THE INDIVIDUAL WITH A PERSONAL INTEREST SHALL MAKE A FULL STATEMENT OF FACTS REGARDING THE MATTER AND THE SCOPE OF HIS OR HER INTEREST, WHICH DISCLOSURE SHALL BE MADE IN THE MINUTES OF THE MEETING. THE INDIVIDUAL SHALL THEN RECUSE HIMSELF OR HERSELF FROM THE BOARD'S DELIBERATIONS AND VOTING ON THE PROPOSED TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL, AND DIRECTOR OF FINANCE, THE SCHOOL FOLLOWS THE GUIDELINES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH IN THE GENERAL INSTRUCTIONS OF THE FORM 990. THESE GUIDELINES WERE MOST RECENTLY FOLLOWED TO ESTABLISH THE COMPENSATION FOR THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE FOR FISCAL 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OUR AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE DIRECTOR OF FINANCE. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE LEAD TRUST 7,962.