2023-02-13T13:27:12-07:00 2022-06-30 990 2021-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2023-02-13 1 11 0 AAL2 X 2021 2023-03-07 01:45:13Z Jay Bounty 350 Prospect Street Belmont MA 02478 68636037 0 X www.belmonthill.org X 1923 MA Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 34 33 274 300 46860 0 11578059 12286440 25022399 26243933 6185432 8995935 -331582 -15370 42454308 47510938 5751356 6110680 0 0 17024957 17296201 0 0 2158407 11598857 13161165 34375170 36568046 8079138 10942892 242788328 216719471 42616196 40827288 200172132 175892183 Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 0 0 27345012 6083207 35000445 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. 360953 27473 445684 Educational institutions and related activities: Educated 707 boys and girls, ages 8 to 18, in a 4 week remote comprehensive and rigorous summer school or in person summer camp. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. 0 0 0 27705965 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 82 0 1 274 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 50 0 X X 464153 0 227805 Beverly Couglin Director of Development 50 0 X 354251 0 45281 Jay Bounty Assistant Treasurer CFO and Director of Operations 50 0 X 319108 0 49492 Michael Grant Assistant Head of School 50 0 X 212785 0 90066 Stephen Carr Director of Admissions 50 0 X 186787 0 45405 Jay Fritz Director of Major and Planned Gifts 50 0 X 168859 0 50604 Donald Bradley Head of Upper School 50 0 X 180552 0 34999 Lauren Hamilton Director of Middle School 50 0 X 155449 0 59407 Jon Biotti President 1 0 X X 0 0 0 William Achtmeyer Vice President 1 0 X X 0 0 0 Anthony Ryan Treasurer 1 0 X X 0 0 0 Jinane Abounadi Trustee 1 0 X 0 0 0 Dewey Awad Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 Gretchen Cook-Anderson Trustee 1 0 X 0 0 0 Warren Cross Trustee 1 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Groom Dinkneh Trustee 1 0 X 0 0 0 Jeffrey Drucker Trustee 1 0 X 0 0 0 Ronald Druker Trustee 1 0 X 0 0 0 Jean Egan Trustee 1 0 X 0 0 0 Daniel S Farb Trustee 1 0 X 0 0 0 William Forde Trustee 1 0 X 0 0 0 John Grady Trustee 1 0 X 0 0 0 Christopher Hadley Trustee 1 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jason Hurd Trustee 1 0 X 0 0 0 Stephen Karp Trustee 1 0 X 0 0 0 Jonathan Kraft Trustee 1 0 X 0 0 0 George Lynch Trustee 1 0 X 0 0 0 Emmet Lyne Trustee 1 0 X 0 0 0 Amy Madden Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Kirk McKeown Trustee 1 0 X 0 0 0 Sarah Pelmas Trustee 1 0 X 0 0 0 Taggart Romney Trustee 1 0 X 0 0 0 Jill Shah Trustee 1 0 X 0 0 0 Brian Shortsleeve Trustee 1 0 X 0 0 0 Margaret Wade Trustee 1 0 X 0 0 0 Herbert Wagner Trustee 1 0 X 0 0 0 Meghan Weldon Trustee 1 0 X 0 0 0 2041944 0 603059 36 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 1099007 Compass Facility Services 65 Jackman Street Georgetown MA 01833 Custodial Services 592099 Bedford Charter Services 11 Railroad Avenue Bedford MA 01730 Transportation Services 570826 Doug Rancourt 7 Priscilla Street Hopkington MA 01748 Electrician Services 283038 Hudson Stones Inc 1414 Concord Street Framingham MA 01701 Construction Services 266835 12 0 0 286905 0 0 11999535 1295764 12286440 Tuition and Fees 900099 25764759 25764759 0 0 Summer Programs 900099 445684 445684 0 0 Student Activities 900099 33490 33490 0 0 0 0 0 0 26243933 199569 0 278092 -78523 0 0 0 0 0 0 0 0 429384 0 836720 0 -407336 0 -407336 0 -217368 -189968 28829826 0 20033460 0 8796366 0 8796366 8796366 0 0 36520 286905 50384 -13864 -13864 0 0 0 0 0 0 0 150855 204535 -53680 -53680 0 0 School Bus Transportation 900099 407766 407766 0 0 Program and Parent Alumni 900099 10488 10488 0 0 Insurance Dividends 900099 24692 24692 0 0 16564 16564 0 0 459510 47510938 35446129 46860 -268491 0 0 6110680 6110680 0 0 0 0 1221187 0 832136 389051 0 0 0 0 11529105 8422129 2324734 782242 1015530 806324 169430 39776 2602030 1727082 640582 234366 928349 618913 226550 82886 0 0 0 0 24015 0 24015 0 76750 0 76750 0 0 0 0 0 0 0 154031 154031 0 0 1170251 914036 216006 40209 65783 16228 49555 0 1046319 665235 190409 190675 677078 329122 277353 70603 0 0 0 0 2500173 2482844 17329 0 218657 196088 6269 16300 0 0 0 0 111633 46580 64087 966 939167 939167 0 0 0 0 0 0 2720636 2720636 0 0 501480 66421 435059 0 Student Food Services 1187262 1187262 0 0 Entertainment 370782 97200 87518 186064 Printing and Publications 291307 62955 160554 67798 Postage and Membership 182171 95432 65577 21162 923670 47600 839761 36309 36568046 27705965 6703674 2158407 1000 1000 18401456 18259332 8124617 7906995 131565 191744 0 0 0 0 0 0 0 0 860557 785505 101580496 43559459 53397533 58021037 32028954 29212636 129639160 102161236 0 0 0 0 203486 179986 242788328 216719471 1322203 1336832 2953837 3140238 36340156 36350218 2000000 0 0 0 0 0 42616196 40827288 X 167781123 147556646 32391009 28335537 200172132 175892183 242788328 216719471 X 10942892 -35248323 0 0 0 25482 X 0 1 X 1 0 X 8289183 19848525 9263335 11578059 12286440 61265542 22268659 23467741 24671625 25505594 26854298 122767917 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30557842 43316266 33934960 37083653 39140738 184033459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 184033459 406835 407920 423200 384405 199569 1821929 -136693 -198807 -302203 -442664 60724 -1019643 270142 209113 120997 -58259 260293 802286 0 0 0 0 0 0 0 0 0 0 0 0 30827984 43525379 34055957 37025394 39401031 184835745 0.99566 0.99525 0.00434 0.00475 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162560539 2486390 -26179562 0 5556455 0 133310912 126814721 2675250 38585956 0 5515388 0 162560539 131766070 1406451 2210050 0 8567850 0 126814721 125232107 3743469 8154219 0 5363725 0 131766070 117987952 4217662 8117433 0 5090940 0 125232107 0.839 0.116 0.045 0 0 8088841 0 8088841 73691620 0 29896142 43795478 9028685 0 4836591 4192094 6588916 0 5713546 875370 4182434 0 3113180 1069254 58021037 0 F 0 F Limited Partnership and Alternative Investments 102040036 F Real Estate 121200 F 102161236 7115025 -35248323 0 0 1117121 -34131202 41246227 154031 6110680 6264711 47510938 31394974 0 0 0 1091639 1091639 30303335 154031 6110680 6264711 36568046 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations. Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 50,384, Cost of goods sold $ 204,535, Rental expenses $ 836,720 and the Change in the Value of Split Interest Agreements $25,482. Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 6,110,680. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $50,384, Cost of goods sold $204,535, Rental expenses $836,720. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $6,110,680. 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 Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. Sawyer Golf Tournament 323425 286905 36520 0 0 2500 31787 0 16097 0 0 323425 286905 36520 0 0 2500 31787 0 16097 50384 -13864 1 Financial Aid for the school year 137 6083207 0 Determined by need Tuition aid and discounts for Summer Program reciepients 232 27473 0 Tuition discounts Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return 2. A completed "Parents Financial Statement" provided by the school and the student service for financial aid (SSS). SSS analyzes the Parents Financial Statement and makes a recommendation regarding financial need to the school for its consideration. The school makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X 0 0 0 0 0 0 0 0 0 Gregory J Schneider Ronald M. Druker '62 Head of School 380618 0 60743 0 22792 0 23200 0 204605 0 691958 0 0 0 Beverly Couglin Director of Development 351375 0 2876 0 0 0 34800 0 10481 0 399532 0 0 0 Jay Bounty Assistant Treasurer CFO and Director of Operations 295646 0 2876 0 20586 0 29000 0 20492 0 368600 0 0 0 Michael Grant Assistant Head of School 149368 0 3017 0 60400 0 17353 0 72713 0 302851 0 0 0 Stephen Carr Director of Admissions 130964 0 2998 0 52825 0 13935 0 31470 0 232192 0 0 0 Jay Fritz Director of Major and Planned Gifts 165561 0 2998 0 300 0 19134 0 31470 0 219463 0 0 0 Donald Bradley Head of Upper School 160486 0 2998 0 17068 0 20017 0 14982 0 215551 0 0 0 Lauren Hamilton Director of Middle School 151365 0 2998 0 1086 0 18164 0 41243 0 214856 0 0 0 Schedule J, Part I, Line 1a Gregory J. Schneider is required to stay on campus to perform his duties as Head of School. Included in Gregory J Schneider's column D is the rental value of his house plus utilities totaling $72,000, along with $15,900 for housekeeping's charge to clean the house. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. A Massachusetts Development Finance Agency 043431814 000000000 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 B Massachesetts Development Finance Agency 043431814 000000000 2017-10-02 29132000 Refund of Series A 2012 taxable bonds 0 0 0 A 0 0 7423000 0 0 42858 0 0 0 0 0 0 1 1 1 B 0 0 29132000 0 0 0 188677 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.0174 0.0184 0.0358 0 0 1 B 0 0 0 0 0.0174 0.0184 0.0358 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 Schedule K, Part IV, Line 2c-10/02/2017 29,132,000 Massachesetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 X 38 1533868 FMV on date of gift X Changes in Pledges 1 -238104 NPV of Pledges 0 1 0 Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review the Form 990 online prior to filing. Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the CFO, and key employees, namely the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public on request to the Business Office, Belmont Hill School, Inc. at 350 Prospect Street in Belmont, MA 02478. These documents are also available for public inspection on the website of the Attorney General of the Commonwealth of Massachusetts at http://www.charities.ago.state.ma.us/ and also at Guidestar at http://www2.guidestar.org. Form 990, Part XI, Line 9 Other changes in net assets equals the change in split interest agreements. BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 227900 180006 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 831409 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 0 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1063251 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 0 Belmont Hill School Inc 305 Prospect Street Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 001152239 Real Estate MA 0 0 Belmont Hill School Inc 31 Marsh Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 001541208 Real Estate MA 0 2558671 Belmont Hill School Inc Extension filed.