WALNUT HILL CENTER FOR THE ARTS INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- WALNUT HILL CENTER FOR THE ARTS INC (EIN 04-2103636)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-01-17
- IRS object ID
- 202300179349300645
- Schema version
- 2021v4.2
- 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 I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-01-17T11:26:20-06:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 061009205 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 SOUTH MAIN STREET 4TH FLOOR | AddressLine1Txt |
| City | WEST HARTFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103636 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALNUT HILL CENTER FOR THE ARTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WALN | BusinessNameControlTxt |
| Phone | 5086534312 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 HIGHLAND STREET | AddressLine1Txt |
| City | NATICK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01760 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANE SEGALE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5086505015 | PhoneNum |
| Signature | 2023-01-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JANE | PersonFirstNm |
| Person Last | SEGALE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN TOSCANO | PreparerPersonNm |
| PTIN | P00358542 | PTIN |
| Phone | 8605614000 | PhoneNum |
| Preparation | 2023-01-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALNUT HILL SCHOOL FOR THE ARTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERIC BARBER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 HIGHLAND STREET | AddressLine1Txt |
| City | NATICK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01760 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $32,726,529 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WALNUTHILLARTS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1893 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | WALNUT HILL CENTER FOR THE ARTS EDUCATES AND TRAINS CREATIVE AND INTELLECTUALLY CURIOUS YOUNG ARTISTS TO MAKE AN ENDURING IMPACT ON THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 219 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,510,765 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,667,218 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,878,175 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,131,052 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,815,209 | PYInvestmentIncomeAmt |
| CY Investment Income | $646,113 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,610,943 | PYOtherRevenueAmt |
| CY Other Revenue | $125,198 | CYOtherRevenueAmt |
| PY Total Revenue | $24,815,092 | PYTotalRevenueAmt |
| CY Total Revenue | $22,569,581 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,593,154 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,893,396 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,959,118 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,003,116 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $650,135 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,216,396 | PYOtherExpensesAmt |
| CY Other Expenses | $8,208,206 | CYOtherExpensesAmt |
| PY Total Expenses | $19,768,668 | PYTotalExpensesAmt |
| CY Total Expenses | $22,104,718 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,046,424 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $464,863 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $71,366,440 | TotalAssetsBOYAmt |
| Total Assets EOY | $69,571,380 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,148,923 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,795,181 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $45,217,517 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $42,776,199 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WALNUT HILL CENTER FOR THE ARTS TRANSFORMS LIVES, BUILDS COMMUNITY AND EXPANDS CULTURE THROUGH THE ARTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,913,621 | ExpenseAmt |
| Grant | $3,893,396 | GrantAmt |
| Revenue | $19,421,777 | RevenueAmt |
| Desc | INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,286,169 | ExpenseAmt |
| Revenue | $169,678 | RevenueAmt |
| Desc | STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 290 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 290 STUDENTS, APPROXIMATELY 210 STUDENTS LIVED ON-CAMPUS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,085,861 | ExpenseAmt |
| Revenue | $662,544 | RevenueAmt |
| Desc | SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 58 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $17,285,651 | 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 | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | 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 | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 49 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 219 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 28 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANE SEGALE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5086505015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 HIGHLAND STREET | AddressLine1Txt |
| City | NATICK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01760 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| ANTONIO VIVA | |||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $345,870 | $0 | $23,590 | ||
| JANE SEGALE | |||||||
| CFO | 40.00 | Yes (X) | $166,131 | $0 | $20,834 | ||
| TOBEY FOSSEY | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $172,967 | $0 | $6,129 | Yes (X) | ||
| SUSANNE CARPENTER | |||||||
| ASSISTANT HEAD OF SCHOOL | 40.00 | $163,662 | $0 | $5,793 | Yes (X) | ||
| JEANNE O'ROURKE | |||||||
| CHIEF CREATIVE OFFICER | 40.00 | $128,834 | $0 | $18,139 | Yes (X) | ||
| ELIZABETH L MINNUCCI | |||||||
| DIRECTOR OF HEALTH SERVICES | 40.00 | $109,335 | $0 | $16,558 | Yes (X) | ||
| JENNIFER ELOWITCH | |||||||
| DIRECTOR OF MUSIC | 40.00 | $104,384 | $0 | $4,610 | Yes (X) | ||
| JANET EMERY PATTILLO | |||||||
| TRUSTEE/ASSISTANT CLERK | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JENNIFER TOOLIN MCAULIFFE | |||||||
| TRUSTEE/CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LISA ROTHMAN | |||||||
| TRUSTEE/CLERK | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| KAREN MCKEEL CALBY | |||||||
| TRUSTEE/VICE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LINDA WISNEWSKI | |||||||
| TRUSTEE/TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ELIZABETH P MCCLENDON | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| DEBORAH MANKIW | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| KRISTINE VAN AMSTERDAM | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| AMY LAWRENCE WHEELER | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| PATRICIA L DAVIDSON | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| MATTHEW ROBERT GLASS | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| HAESUN PAIK | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| ERIC IAN HERBST | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| KATHARINE O'CONNELL | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| DAVID EDELMAN | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| JOHN I WILLIAMS JR | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| PAULA NICOLE DRAKE | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| BETSY KESSLER | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| JOHN SEBASTIAN PAOLELLA | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| DERRICK HARKINS | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| EVANGELINE DELGADO | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| BENNY IBARRA DE LLANO | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| ANTHONY WILLIAMS | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| JORDAN MCCULLOUGH | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| JUSTINE HAND | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| NICOLE GAKIDIS | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| JEFFREY FLOWERS | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| BEIYAN LIP | |||||||
| TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,191,183 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $95,653 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | 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 |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| P O BOX 360170 | PITTSBURGH | PA | 15251 | FOOD SERVICE | $1,608,989 |
| POIRIER & SPRINGER INC | |||||
| 17E STERLING ROAD | BILLERICA | MA | 01862 | CONSTRUCTION | $534,949 |
| NEW ENGLAND CONSERVATORY OF MUSIC | |||||
| 290 HUNTINGTON AVENUE | BOSTON | MA | 02115 | EDUCATION-MUSIC | $374,026 |
| CITY WIDE OF BOSTON | |||||
| 293 BOSTON POST RD | MARLBOROUGH | MA | 01752 | CLEANING | $338,338 |
| 4WALL ENTERTAINMENT INC | |||||
| 3165 W SUNSET ROAD | LAS VEGAS | NV | 89118 | CONSTRUCTION | $305,822 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,667,218 | AllOtherContributionsAmt |
| Noncash Contributions | $157,803 | NoncashContributionsAmt |
| Total Contributions | $1,667,218 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $19,313,796 | $19,313,796 |
| COMMUNITY ART | 611600 | $572,685 | $572,685 |
| SUMMER PROGRAMS | 611600 | $89,909 | $89,909 |
| STUDENT ACTIVITIES | 611600 | $81,259 | $81,259 |
| OTHER | 611600 | $73,403 | $73,403 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,131,052 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $429,346 | TotalRevenueColumnAmt |
| Exclusion | $429,346 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $177,797 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $142,990 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $34,807 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,807 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,556 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,251 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,076,995 | SecuritiesAmt |
| Other | $42,385 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,902,613 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $174,382 | SecuritiesAmt |
| Other | $42,385 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,767 | TotalRevenueColumnAmt |
| Exclusion | $216,767 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $201,736 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $111,345 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90,391 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $90,391 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,569,581 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,253,999 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $648,364 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,893,396 | TotalAmt |
| Program Services | $3,893,396 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $901,013 | TotalAmt |
| Management And General | $713,496 | ManagementAndGeneralAmt |
| Fundraising | $187,517 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,431,170 | TotalAmt |
| Program Services | $6,136,121 | ProgramServicesAmt |
| Management And General | $1,051,186 | ManagementAndGeneralAmt |
| Fundraising | $243,863 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,328 | TotalAmt |
| Program Services | $279,164 | ProgramServicesAmt |
| Management And General | $51,157 | ManagementAndGeneralAmt |
| Fundraising | $11,007 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $781,391 | TotalAmt |
| Program Services | $584,531 | ProgramServicesAmt |
| Management And General | $156,783 | ManagementAndGeneralAmt |
| Fundraising | $40,077 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,214 | TotalAmt |
| Program Services | $394,714 | ProgramServicesAmt |
| Management And General | $120,607 | ManagementAndGeneralAmt |
| Fundraising | $32,893 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,854 | TotalAmt |
| Management And General | $96,854 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,665 | TotalAmt |
| Management And General | $55,665 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,410 | TotalAmt |
| Management And General | $85,410 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $553,613 | TotalAmt |
| Program Services | $18,904 | ProgramServicesAmt |
| Management And General | $534,709 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,027 | TotalAmt |
| Program Services | $1,450 | ProgramServicesAmt |
| Management And General | $116,577 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,848 | TotalAmt |
| Program Services | $1,125 | ProgramServicesAmt |
| Management And General | $16,548 | ManagementAndGeneralAmt |
| Fundraising | $31,175 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228,029 | TotalAmt |
| Program Services | $77,031 | ProgramServicesAmt |
| Management And General | $150,823 | ManagementAndGeneralAmt |
| Fundraising | $175 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,328,157 | TotalAmt |
| Program Services | $1,181,366 | ProgramServicesAmt |
| Management And General | $142,299 | ManagementAndGeneralAmt |
| Fundraising | $4,492 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,207 | TotalAmt |
| Management And General | $25,669 | ManagementAndGeneralAmt |
| Fundraising | $24,538 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,442 | TotalAmt |
| Program Services | $31,162 | ProgramServicesAmt |
| Management And General | $48,280 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,390 | TotalAmt |
| Management And General | $363,390 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,729,360 | TotalAmt |
| Program Services | $1,609,987 | ProgramServicesAmt |
| Management And General | $115,720 | ManagementAndGeneralAmt |
| Fundraising | $3,653 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,409 | TotalAmt |
| Program Services | $168,886 | ProgramServicesAmt |
| Management And General | $12,140 | ManagementAndGeneralAmt |
| Fundraising | $383 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD SERVICE | $1,344,732 | $1,344,732 | ||
| INSTRUCTIONAL PROGRAM E | $636,485 | $606,566 | $29,919 | |
| SUPPLIES | $453,480 | $390,584 | $62,129 | $767 |
| EVENTS | $244,003 | $107,629 | $81,303 | $55,071 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $611,095 | TotalAmt |
| Program Services | $458,303 | ProgramServicesAmt |
| Management And General | $138,268 | ManagementAndGeneralAmt |
| Fundraising | $14,524 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,104,718 | TotalAmt |
| Program Services | $17,285,651 | ProgramServicesAmt |
| Management And General | $4,168,932 | ManagementAndGeneralAmt |
| Fundraising | $650,135 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,250,539 | BOYAmt |
| EOY | $1,196,490 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,279,830 | BOYAmt |
| EOY | $5,874,160 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,328 | BOYAmt |
| EOY | $98,426 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,238,570 | BOYAmt |
| EOY | $6,810,194 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,384 | BOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,411 | BOYAmt |
| EOY | $20,428 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $362,346 | BOYAmt |
| EOY | $247,466 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $56,322,213 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,667,585 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,583,409 | BOYAmt |
| EOY | $29,654,628 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,406,698 | BOYAmt |
| EOY | $19,769,175 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,910 | BOYAmt |
| EOY | $147,500 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,399,015 | BOYAmt |
| EOY | $5,752,913 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,366,440 | BOYAmt |
| EOY | $69,571,380 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,637,844 | BOYAmt |
| EOY | $1,522,546 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,921,814 | BOYAmt |
| EOY | $15,253,042 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,960,459 | BOYAmt |
| EOY | $9,472,018 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $601,325 | BOYAmt |
| EOY | $529,617 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,481 | BOYAmt |
| EOY | $17,958 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,148,923 | BOYAmt |
| EOY | $26,795,181 | 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 | $23,647,357 | BOYAmt |
| EOY | $23,557,793 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,570,160 | BOYAmt |
| EOY | $19,218,406 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,217,517 | BOYAmt |
| EOY | $42,776,199 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,366,440 | BOYAmt |
| EOY | $69,571,380 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $464,863 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$2,699,093 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$207,088 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,812,154 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,857,748 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,279,453 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,114,965 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,667,218 | CurrentTaxYearAmt |
| Total | $9,731,538 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,812,154 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,857,748 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,279,453 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,114,965 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,667,218 | CurrentTaxYearAmt |
| Total | $9,731,538 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $392,420 | SubstantialContributorsTotAmt |
| Public Support Total170 | $9,339,118 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $520,278 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $502,057 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $560,686 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $374,121 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $607,143 | CurrentTaxYearAmt |
| Total | $2,564,285 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $12,295,823 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $96,021,815 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.75950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.61100 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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 | $19,045,363 | BeginningYearBalanceAmt |
| Contributions | $423,572 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,918,729 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $235,589 | GrantsOrScholarshipsAmt |
| Other Expenditures | $454,016 | OtherExpendituresAmt |
| End Year Balance | $16,860,601 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,654,015 | BeginningYearBalanceAmt |
| Contributions | $74,444 | ContributionsAmt |
| Investment Earnings Or Losses | $3,316,904 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $19,045,363 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,793,636 | BeginningYearBalanceAmt |
| Contributions | $87,387 | ContributionsAmt |
| Investment Earnings Or Losses | -$567,915 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $218,722 | GrantsOrScholarshipsAmt |
| Other Expenditures | $440,371 | OtherExpendituresAmt |
| End Year Balance | $15,654,015 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,012,707 | BeginningYearBalanceAmt |
| Contributions | $260,115 | ContributionsAmt |
| Investment Earnings Or Losses | $708,924 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $200,001 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,988,109 | OtherExpendituresAmt |
| End Year Balance | $16,793,636 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,653,960 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $2,084,548 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $131,007 | GrantsOrScholarshipsAmt |
| Other Expenditures | $594,794 | OtherExpendituresAmt |
| End Year Balance | $20,012,707 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22897 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.77103 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | 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 | $101,810 | OtherCostOrOtherBasisAmt |
| Book Value | $101,810 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,294,740 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $45,654,301 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,560,006 | DepreciationAmt |
| Book Value | $25,389,035 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,882,874 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,008,650 | DepreciationAmt |
| Book Value | $874,224 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,388,488 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,098,929 | DepreciationAmt |
| Book Value | $3,289,559 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $29,654,628 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| PERPETUAL TRUST | $4,845,784 |
| ASSETS OF SPLIT INTEREST AGREEMENTS | $907,129 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,752,913 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS | Desc |
| Amt | $17,958 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,958 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $15,940,574 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$2,699,093 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$3,846,149 | OtherRevenueAmt |
| Revenue Not Reported | -$6,545,242 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,485,816 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $83,765 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $83,765 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,569,581 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,381,892 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $254,335 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $254,335 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,127,557 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $83,765 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,893,396 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,977,161 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,104,718 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD - BOOKSTORE 111,345. RENTAL EXPENSES 142,990. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -207,088. FINANCIAL AID -3,893,396. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD - BOOKSTORE 111,345. RENTAL EXPENSES 142,990. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 3,893,396. |
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 POLICY IS POSTED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 98 | RecipientCnt |
| Non Cash Assistance | $3,893,396 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | REDUCTION IN TUITION | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| 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 | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANTONIO VIVA | ||||||||||||||
| HEAD OF SCHOOL | $274,475 | $0 | $38,000 | $0 | $33,395 | $0 | $10,277 | $0 | $13,313 | $0 | $369,460 | $0 | $0 | $0 |
| JANE SEGALE | ||||||||||||||
| CFO | $163,131 | $0 | $3,000 | $0 | $0 | $0 | $7,521 | $0 | $13,313 | $0 | $186,965 | $0 | $0 | $0 |
| TOBEY FOSSEY | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $169,967 | $0 | $3,000 | $0 | $0 | $0 | $6,129 | $0 | $0 | $0 | $179,096 | $0 | $0 | $0 |
| SUSANNE CARPENTER | ||||||||||||||
| ASSISTANT HEAD OF SCHOOL | $160,662 | $0 | $3,000 | $0 | $0 | $0 | $5,793 | $0 | $0 | $0 | $169,455 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE HOUSING PROVIDED TO THE HEAD OF SCHOOL IS CLEANED WEEKLY AND INCLUDES HIS PERSONAL LIVING SPACE. THE CLEANING SERVICES ARE INCLUDED IN THE HEAD OF SCHOOL'S W-2. |
| PART I, LINE 7 | THE BOARD APPROVED $3,000 BONUSES TO ALL FULL TIME EMPLOYEES AND A $38,000 BONUS TO THE HEAD OF SCHOOL. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2014-01-30 | BondIssuedDt |
| Issue Price | $13,160,000 | IssuePriceAmt |
| Purpose | TO PAY OFF THE 2002 & 2006 SERIES BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $3,597,392 | RetiredAmt |
| Total Proceeds | $13,160,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $89,489 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $1,425,511 | CapitalExpendituresAmt |
| Other Spent Proceeds | $11,645,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2014 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2019 | ExplanationTxt |
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 | IVY CREATIVE LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | COMPANY OWNED BY HUSBAND OF CFO | RelationshipDescriptionTxt |
| Transaction | $17,360 | TransactionAmt |
| Transaction | THE HEAD OF SCHOOL AND THE DEVELOPMENT OFFICE ENGAGED THE ORGANIZATION TO PRODUCE VIDEOS FOR THE SCHOOL. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $157,803 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV AT DONATION DATE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUALS WHO DONATED THE SECURITIES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, ITEM C | DBA: WALNUT HILL SCHOOL FOR THE ARTS DBA: WALNUT HILL COMMUNITY ACADEMY |
| FORM 990, PART VI, SECTION B, LINE 11B | ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE FORM 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B - SCHEDULE OF CONTRIBUTORS), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. THE FORM 990 IS MADE AVAILABLE TO THE BOARD ONCE IT IS APPROVED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL AND/OR THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS PROCESS WAS LAST UTILIZED IN THE FALL OF 2021 TO DETERMINE THE COMPENSATION FOR THE NEW HEAD OF SCHOOL WHO BEGAN HIS TENURE JULY 1, 2022. IT RESULTED IN A THREE- YEAR CONTRACT THROUGH JULY 2025. EACH YEAR, THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE GOVERNANCE COMMITTEE, REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PER THE CONTRACT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -207,088. |
| FORM 990, PART XII, LINE 2C: | THERE WERE NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR. |