2023-04-04T16:01:27-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 JOHN HELLER CHIEF FINANCIAL OFFICER 7817490746 2023-03-30 1 JOHN HELLER 999009999 JOHN TOSCANO P00358542 8605614000 2023-03-30 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z COLLEEN RAMSDEN 56 BURDITT AVENUE HINGHAM MA 02043 20967276 0 X WWW.DERBYACADEMY.ORG X 1784 MA DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 17 17 163 150 0 0 2556740 1144537 11141923 13383866 -437752 1437525 185058 183726 13445969 16149654 557171 805460 0 0 8067847 9172921 0 0 564402 3592284 4448295 12217302 14426676 1228667 1722978 41494824 40362447 15568852 16261596 25925972 24100851 DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 0 0 11268553 668273 12872161 INSTRUCTION AND STUDENT ACTIVITIES FOR APPROXIMATELY 350 STUDENTS IN PRE-KINDERGARDEN THROUGH GRADE 8. ACHIEVEMENTS INCLUDING ACADEMIC ADVANCEMENT TO THE NEXT GRADE LEVEL FOR ALL STUDENTS, SOCIAL DEVELOPMENT THROUGH CLASSROOM ACTIVITIES, TEAM SPORTS, PERFORMING ARTS, FAMILY STYLE LUNCHES, AND DEVELOPMENT OF THE INTELLECTIAL CURIOSITY OF EACH STUDENT USING HIS OR HER LEARNING STYLE TO GUIDE THE PROCESS. 158295 137187 579340 SUMMER PROGRAMS FOR ARTS, EDUCATION, AND ACTIVITIES SERVING APPROXIMATELY 324 STUDENTS. ACHIEVEMENTS INCLUDE DEVELOPMENT OF STUDENT ABILTIIES IN PERFORMING ARTS, CREATIVE CRAFT, ATHLETICS, SCIENTIFIC EXPLORATION, AND OUTDOOR ACTIVITIES. 11426848 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 0 0 0 1 23 0 1 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 0 0 0 MA X ANTHONY BLACK 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 COLLEEN RAMSDEN HEAD OF SCHOOL 45.00 X 182308 0 55264 ANTHONY BLACK CHIEF FINANCIAL OFFICER 45.00 X 150225 0 22518 THOMAS REID FORMER INTERIM HOS THRU 07/2021 45.00 X 148262 0 4866 MARY MURPHY DIR. CENTER OF TEACHING 45.00 X 135486 0 30599 KATHLEEN HOWELL HEAD OF MIDDLE AND UPPER SCHOOL 45.00 X 141961 0 1013 DEBORAH LASALA FACULTY 40.00 X 112440 0 25365 PAUL DALY DIRECTOR OF ATHLETICS 45.00 X 105983 0 27803 DENNIS DUPUIS DIRECTOR OF FACILITIES 45.00 X 108609 0 16875 LORI CASHMAN TRUSTEE/PRESIDENT 5.00 X X 0 0 0 JOHN HELLER TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFREY ALEXANDER TRUSTEE/SECRETARY 1.00 X X 0 0 0 JENNIFER LOWE NEWELL TRUSTEE 1.00 X 0 0 0 JAY SADLON TRUSTEE 1.00 X 0 0 0 KRISTEN MAXWELL TRUSTEE 1.00 X 0 0 0 CAROLINE CURTIS HAYES TRUSTEE 1.00 X 0 0 0 CURTIS CETRULO TRUSTEE 1.00 X 0 0 0 JOHN DREW TRUSTEE 1.00 X 0 0 0 DEMI ISENSTADT TRUSTEE 1.00 X 0 0 0 ANDREA CARR HEDRICK TRUSTEE 1.00 X 0 0 0 HUNTER KASS TRUSTEE 1.00 X 0 0 0 AJAY SADHWANI TRUSTEE 1.00 X 0 0 0 SUZANNE NORRIS TRUSTEE 1.00 X 0 0 0 CAROLINE COUNSELMAN TRUSTEE 1.00 X 0 0 0 JEFFREY CAMUSO TRUSTEE 1.00 X 0 0 0 HELEN RA TRUSTEE 1.00 X 0 0 0 1085274 0 184303 8 1 1 0 FLIK 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 FOOD AND CATERING 518579 LOUIS PASQUALUCCI & SON INC 40 SUMNER STREET QUINCY MA 02169 CONSTRUCTION SERVICES 288477 HAROLD BROTHERS MECHANICAL 44 WOODROCK RD 2336 WEYMOUTH MA 02189 CONSTRUCTION SERVICES 275917 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 200213 JOSEPH INGLE BUS SERVICESINC 577 CIRCUIT STREET HANOVER MA 02339 TRANSPORTATION SERVICES 133685 7 27195 1117342 26463 1144537 TUITION AND FEES 611110 13173010 13173010 STUDENT SUPPORT SERVICES 611110 210856 210856 13383866 310479 310479 91845 0 91845 91845 91845 5736336 185012 4788963 5339 947373 179673 1127046 1127046 47566 27195 23320 24246 24246 PARENTS ASSOCIATION INCOME 611110 60338 60338 MISCELLANEOUS REVENUE 611110 7297 7297 67635 16149654 13451501 0 1553616 805460 805460 538386 200500 237636 100250 6505648 5337293 882934 285421 361241 303182 48166 9893 1234070 1092911 118929 22230 533576 405924 98884 28768 199117 199117 26000 26000 60333 60333 339480 76619 262561 300 78660 8181 48808 21671 388770 318792 59628 10350 1053788 1032712 21076 85491 42005 20152 23334 98035 19376 78659 744036 669633 66963 7440 137856 120427 16185 1244 FOOD 581498 564053 11630 5815 DUES AND SUBSCRIPTIONS 217969 55111 139168 23690 TRANSPORTATION 166746 166746 PARENT'S ASSOCIATION 92468 92468 178048 115455 38597 23996 14426676 11426848 2435426 564402 10700 2817 3528039 3198952 175494 150237 9287662 10247994 124691 227583 24470402 10909336 13142189 13561066 15226049 12973798 41494824 40362447 632664 889588 11756152 12350930 3180036 3021078 15568852 16261596 X 17509496 17088366 8416476 7012485 25925972 24100851 41494824 40362447 1722978 -3548099 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15226049 185134 -2553877 23600 162533 12671173 11694190 169989 3761870 45527 354473 15226049 11944331 125001 324858 700000 11694190 11501193 292283 550855 400000 11944331 11000800 136219 664174 300000 11501193 0.48190 0.51810 0.00000 0 0 1058089 1058089 19865696 8819601 11046095 1840368 1291486 548882 1706249 798249 908000 13561066 11358333 -3548099 -1182889 -4730988 16089321 60333 60333 16149654 13183454 -1182889 -1182889 14366343 60333 60333 14426676 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, INCLUDING FACILITY COSTS AND FINANCIAL AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 23,320. FINANCIAL AID AND TUITION REMISSION -1,206,209. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 23,320. FINANCIAL AID AND TUITION REMISSION -1,206,209. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN ALL BROCHURES, HANDBOOK AND PUBLICATIONS USED BY THE SCHOOL, THE STATEMENT IS INCLUDED. ALSO, AN ANNUAL STATEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER SPONSORED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. GOLF AND TENNIS 74761 27195 47566 750 183 18330 387 1000 2670 74761 27195 47566 750 183 18330 387 1000 2670 23320 24246 1 FINANCIAL AID FOR ATTENDING STUDENTS 39 805460 FMV REDUCTION IN TUITION PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE NAIS GUIDELINES AND ARE SET BY THE HEAD OF SCHOOL, CFO AND HEAD OF ADMISSIONS. THE FINANCIAL AID BUDGET IS THEN FORMALLY SET BY THE FINANCE COMMITTEE WITH APPROVAL BY THE BOARD ON A YEARLY BASIS. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 COLLEEN RAMSDEN HEAD OF SCHOOL 182308 0 0 0 0 0 0 0 55264 0 237572 0 0 0 ANTHONY BLACK CHIEF FINANCIAL OFFICER 150225 0 0 0 0 0 11780 0 10738 0 172743 0 0 0 THOMAS REID FORMER INTERIM HOS THRU 07/2021 148262 0 0 0 0 0 0 0 4866 0 153128 0 0 0 MARY MURPHY DIR. CENTER OF TEACHING 135486 0 0 0 0 0 10945 0 19654 0 166085 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-26 1666025 TO PAY OFF PRIOR ISSUANCE FROM 2006 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-04-27 4750000 ACQUISITION OF PROPERTY 0 0 0 A 954943 1666025 1666025 2007 1 0 1 1 B 2346601 4750000 100948 4649052 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 6 26463 FMV AT DONATION 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO DONATED ITEMS. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED BY THE INDEPEDENT ACCOUNTING FIRM, IT IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING REVIEWED AND APPROVED BY THE TREASURER. THE BOARD DOES NOT RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EACH NEW TRUSTEE BEFORE HE OR SHE IS ELECTED. ON AN ANNUAL BASIS, EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY THE POLICY. ANY CONFLICTS DISCLOSED ARE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A SUBCOMMITTEE OF THE BOARD. THIS PROCESS WAS LAST FOLLOWED IN 2021. THE HEAD OF SCHOOL'S COMPENSATION IS DOCUMENTED IN AN EMPLOYMENT CONTRACT. THE CFO'S COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.