2023-04-19T14:29:54-05:00 2022-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2021-07-01 041200600 CONCORD ACADEMY CONC 9784022200 166 MAIN STREET CONCORD MA 01742 AMY MILLER-FREDERICKS CFOO 9784022200 2023-04-14 1 AMY MILLER-FREDERICKS 999009999 KAREN LO P01434915 6179129000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SARAH YEH 166 MAIN STREET CONCORD MA 01742 76753462 0 X WWW.CONCORDACADEMY.ORG X 1922 MA CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2021-22 ENROLLMENT WAS COMPOSED OF 406 STUDENTS, 156 OF WHOM WERE BOARDING STUDENTS AND 250 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2021-22 YEAR CONSISTED OF STUDENTS FROM 16 STATES/TERRITORIES AND 13 FOREIGN COUNTRIES. 29 28 361 359 70198 11736 15031098 10606935 23103331 24247690 14551968 4233600 0 1524674 52686397 40612899 5380719 5395316 0 0 15564867 16924668 91000 0 1676118 12221614 11166353 33258200 33486337 19428197 7126562 169702633 166818681 23375222 24219758 146327411 142598923 X CONCORD ACADEMY IS A COMMUNITY ANIMATED BY LOVE OF LEARNING, DIVERSE AND STRIVING FOR EQUITY, WITH COMMON TRUST AS OUR FOUNDATION. HONORING EACH INDIVIDUAL, WE CHALLENGE AND EXPAND OUR UNDERSTANDING OF OURSELVES AND THE WORLD THROUGH PURPOSEFUL COLLABORATION AND CREATIVE ENGAGEMENT. CONCORD ACADEMY CULTIVATES EMPATHY, INTEGRITY, AND RESPONSIBILITY TO BUILD A MORE JUST AND SUSTAINABLE FUTURE. 0 0 26254153 5395316 24327658 SECONDARY EDUCATION: 406 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9. 26254153 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 106 0 1 361 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X AMY MILLER-FREDERICKS CFOO 9784022200 166 MAIN STREET CONCORD MA 01742 SARAH YEH INTERIM HEAD OF SCHOOL 55.00 0.00 X X 328565 0 85399 SUNREDI ADMADJAJA TRUSTEE 1.00 0.00 X 0 0 0 ADIL BAHALIM TRUSTEE 1.00 0.00 X 0 0 0 DR HARVEY J BERGER TRUSTEE 1.00 0.00 X 0 0 0 IRENE CHU TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN DESIMONE TRUSTEE 3.00 0.00 X 0 0 0 MATTHEW GINSBURG TRUSTEE 1.00 0.00 X 0 0 0 RACHEL LIPSON GLICK TRUSTEE 1.00 0.00 X 0 0 0 ALEXIS GOLTRA TRUSTEE 1.00 0.00 X 0 0 0 JOHN GROSSMAN TRUSTEE 3.00 0.00 X 0 0 0 LORI HICK TRUSTEE 1.00 0.00 X 0 0 0 KERRY HOFFMAN TRUSTEE 1.00 0.00 X 0 0 0 JAMIE KLICKSTEIN TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN KRAMARSKY TRUSTEE 1.00 0.00 X 0 0 0 YUCHUN LEE TRUSTEE 1.00 0.00 X 0 0 0 PAULINE LIN TRUSTEE 1.00 0.00 X 0 0 0 KAREN MCALMON TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW MCCAHILL TRUSTEE 1.00 0.00 X 0 0 0 CAROL MORIARTY TRUSTEE 1.00 0.00 X 0 0 0 ANDY ORY TRUSTEE 1.00 0.00 X 0 0 0 DERRICK PANG TRUSTEE 1.00 0.00 X 0 0 0 IMANI PERRY TRUSTEE 1.00 0.00 X 0 0 0 LY TRAN TRUSTEE 1.00 0.00 X 0 0 0 FAY LAMPERT SHUTZER PRESIDENT 4.00 0.00 X X 0 0 0 JENNIFER J BURLEIGH VICE PRESIDENT 3.00 0.00 X X 0 0 0 SEAN M DALTON VICE PRESIDENT 3.00 0.00 X X 0 0 0 KEVIN PARKE VICE PRESIDENT 3.00 0.00 X X 0 0 0 JENNIFER A PLINE TREASURER 3.00 0.00 X X 0 0 0 CAROLYN STAFFORD STEIN SECRETARY 3.00 0.00 X X 0 0 0 AMY MILLER-FREDERICKS CHIEF FINANCIAL & OPERATING OFFICER 55.00 0.00 X 286131 0 71724 ALICE R ROEBUCK DIR OF ADVANCEMENT & ENGAGEMENT 55.00 0.00 X 259506 0 30131 MARIE MYERS DIRECTOR OF ENROLLMENT MANAGEMENT 55.00 0.00 X 161766 0 82154 RICHARD G HARDY EMERITUS HEAD OF SCHOOL 55.00 0.00 X 413457 0 87270 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION 55.00 0.00 X 157121 0 73775 SARAH ZIMMERLI DEAN OF STUDENTS 55.00 0.00 X 138777 0 63877 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 55.00 0.00 X 149329 0 52619 FRANCIS GALLAGHER CONTROLLER 55.00 0.00 X 138336 0 22520 2032988 0 569469 31 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 1503442 CIC HEALTH LLC ONE BROADWAY 14TH FLOOR CAMBRIDGE MA 02142 HEALTH SERVICES 572733 CITY WIDE OF BOSTON 11 MAIN STREET SUITE 12 SOUTHBOROUGH MA 01772 CLEANING SERVICES 522103 OUNCE IT LLC PO BOX 3137 WORCESTER MA 01613 IT SERVICES 502228 DEWING SCHMID KEARNS 30 MONUMENT SQUARE SUITE 200B CONCORD MA 01742 ARCHITECTURAL SERVICES 384300 14 10606935 1016810 10606935 TUITION & FEES/SUMMER 611110 24247690 24247690 24247690 1236742 70198 1166544 39137421 36132526 8037 3004895 -8037 2996858 2996858 LEGAL SETTLEMENT 900099 1444706 1444706 MISCELLANEOUS INCOME 611110 79968 79968 1524674 40612899 24327658 70198 5608108 10000 10000 5385316 5385316 1272189 1001028 271161 11884876 9323094 1851682 710100 794249 617534 128641 48074 2050888 1472000 415040 163848 922466 662905 190730 68831 42409 42409 89327 89327 352725 352725 1445729 981489 406348 57892 117792 504 102777 14511 161494 131534 23978 5982 166515 100435 60758 5322 1004470 949880 33085 21505 173910 136470 30402 7038 142091 93654 47453 984 341783 322602 11625 7556 2346730 2215026 79821 51883 215294 215294 FOOD 2010519 1901249 94828 14442 EQUIPMENT 821572 763629 42115 15828 COVID EXPENSES 635696 635696 DUES AND SUBSCRIPTIONS 343477 183341 100762 59374 754820 367795 235238 151787 33486337 26254153 5556066 1676118 6400 6301 15358926 19418431 10211457 10463468 38502 6545 14256 23108 16032 629182 764288 78527739 36428651 42706721 42099088 61315009 56744828 37926053 35676190 1519232 1577297 169702633 166818681 1442659 2038894 7397282 8118275 13383543 12985876 1151738 1076713 23375222 24219758 X 67496615 65318447 78830796 77280476 146327411 142598923 169702633 166818681 X 7126562 -11020498 165448 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94564831 2605448 -6852709 829365 2961635 0 86526570 80021483 1890094 16209254 728454 2827546 94564831 80169190 4053596 -941303 625137 2634863 80021483 72889992 6704821 3686377 541804 2570196 80169190 67056380 4497504 4394108 510528 2547472 72889992 0.29600 0.58820 0.11580 0 0 8171694 8171694 62942156 32511268 30430888 5579490 3841790 1737700 1834399 75593 1758806 42099088 HIGH QUALITY FIXED INCOME 12097834 F ABSOLUTE RETURN 120600 F PRIVATE EQUITY 12631861 F DEFENSIVE EQUITY 4146900 F REAL ASSET 2068642 F DIRECT LENDING 4610353 F 35676190 ACTIVITIES ACCOUNT - BOOKSTORE 525991 CAPITAL LEASE OBLIGATIONS 23558 HOUSING DEPOSITS 18598 REGISTRATION DEPOSITS 487300 TUITION REFUND INSURANCE DEPOSITS 21266 1076713 X 24504823 -11020498 -4734853 -15755351 40260174 352725 352725 40612899 28233311 0 28233311 352725 4900301 5253026 33486337 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED IN FURTHERANCE OF THE ACADEMY'S EXEMPT PURPOSES. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. UNDER INTERNAL REVENUE SERVICE STATUTES, WITH FEW EXCEPTIONS, THE ACADEMY IS ONLY SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE ACADEMY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 165,448. FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,900,301. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,900,301. 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 FOLLOWING STATEMENT IS MADE AVAILABLE ON THE SCHOOL'S WEBSITE: WE REAFFIRM OUR LONG-STANDING POLICY OF NONDISCRIMINATORY ADMISSION OF STUDENTS. WE ADMIT STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN AND QUALIFIED HANDICAPPED STUDENTS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT OUR SCHOOL. WE DO NOT DISCRIMINATE IN VIOLATION OF ANY LAW OR STATUTE IN THE ADMINISTRATION OF OUR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAM, AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. INFORMATION AND SCHOOL CATALOGUES MAY BE OBTAINED BY CALLING THE SCHOOL. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 9225194 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3141757 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES ADMISSIONS RECRUITING 7740 0 0 0 0 0 0 12374691 0 12374691 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 CONCORD FREE PUBLIC LIBRARY CORPORATION 129 MAIN STREET CONCORD MA 01742 042121328 501(C)(3) 10000 0 FMV CAPITAL CAMPAIGN 1 TUITION GRANTS 102 4972401 DIFFERENCE AFTER EXPECTED FAMILY CONTRIBUTION PER FINANCIAL AID (FA) GRANTS DEDUCTED FROM SCHOOL TUITION MUSIC LESSON FINANCIAL AID 51 70532 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM MUSIC LESSON FEES HEALTH INSURANCE FINANCIAL AID 29 100349 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM STUDENT HEALTH INSURANCE COSTS MONTHLY SUPPLEMENTAL FOR INCIDENTALS 34 24000 TRAVEL EXPS - FA STUDENTS TIX PURCHASED ON THEIR BEHALF TO/FROM HOME; SUMMER PROGRAM/TRAVEL EXPENSE 29 1240 6066 CASH REIMBURSEMENTS TRAVEL EXPENSES PURCHASED FOR STUDENTS BY DIRECTOR OF FA ON STUDENT'S BEHALF FA STUDENTS COMPUTER GRANTS/COMPUTER SUPPLIES 25 17147 5209 CASH REIMBURSEMENTS SUPPLIES PURCHASED FOR STUDENTS BY DIRECTOR OF FA ON STUDENT'S BEHALF ACTIVITIES ACCOUNT GRANTS 111 139358 ESTIMATE FOR STUDENT RELATED BOOK AND INCIDENTAL EXPENSES FA DEDUCTED FROM STUDENT INCIDENTAL CHARGES STUDENT TRIP GRANTS 21 0 49014 PERCENTAGE OF FINANCIAL AID AWARD FINANCIAL AID DEDUCTED FROM STUDENT TRIP COSTS PART I, LINE 2: CONCORD ACADEMY AWARDED FINANCIAL ASSISTANCE TO 111 STUDENTS INCLUDING TUITION GRANTS AND ASSISTANCE FOR MUSIC LESSONS, HEALTH INSURANCE, BOOKSTORE PURCHASES, TRANSPORTATION AND MISCELLANEOUS EXPENSES. ASSISTANCE IS AWARDED ON A FINANCIAL NEED BASIS THROUGH THE FINANCIAL AID OFFICE. THE DIRECTORS OF FINANCIAL AID AND THE FINANCE OFFICE STAFF ADMINISTER AND MONITOR ALL GRANTS AND STUDENT SPENDING ON A MONTHLY BASIS. THE FINANCIAL AID DIRECTORS MEET MONTHLY WITH EACH FINANCIAL AID RECIPIENT TO REVIEW SPENDING. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 RICHARD G HARDY EMERITUS HEAD OF SCHOOL 411933 0 0 0 1524 0 57880 0 29390 0 500727 0 0 0 SARAH YEH INTERIM HEAD OF SCHOOL 328325 0 0 0 240 0 46015 0 39384 0 413964 0 0 0 AMY MILLER-FREDERICKS CHIEF FINANCIAL & OPERATING OFFICER 284547 0 0 0 1584 0 42629 0 29095 0 357855 0 0 0 ALICE R ROEBUCK DIR OF ADVANCEMENT & ENGAGEMENT 259146 0 0 0 360 0 20938 0 9193 0 289637 0 0 0 MARIE MYERS DIRECTOR OF ENROLLMENT MANAGEMENT 161417 0 0 0 349 0 14109 0 68045 0 243920 0 0 0 DONALD KINGMAN DIR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION 156183 0 0 0 938 0 13471 0 60304 0 230896 0 0 0 SARAH ZIMMERLI DEAN OF STUDENTS 138505 0 0 0 272 0 11873 0 52004 0 202654 0 0 0 CHRISTINE H FLASHNER DIRECTOR OF DEVELOPMENT 149053 0 0 0 276 0 13524 0 39095 0 201948 0 0 0 FRANCIS GALLAGHER CONTROLLER 138226 0 0 0 110 0 11344 0 11176 0 160856 0 0 0 PART I, LINE 1A CONCORD ACADEMY IS A COEDUCATIONAL BOARDING AND DAY SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, SOME FACULTY AND STAFF LIVE IN SCHOOL-OWNED HOUSING WHICH IS A NONTAXABLE BENEFIT TO THEM. LISTED EMPLOYEES WHO RECEIVE THIS HOUSING INCLUDE THE INTERIM HEAD OF SCHOOL, THE DIRECTOR OF ENROLLMENT MANAGEMENT, THE DIRECTOR OF CAMPUS PLANNING, DESIGN & CONSTRUCTION, AND DEAN OF STUDENTS. PART I, LINE 3 THE CONCORD BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFOO, DIRECTOR OF ENROLLMENT MANAGEMENT, AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. PART I, LINE 4B RICHARD G. HARDY, EMERITUS HEAD OF SCHOOL, PARTICIPATES IN THE ACADEMY'S NONQUALIFIED RETIREMENT PLAN (SEC. 457F PLAN). EMPLOYER CONTRIBUTIONS FOR FY21-22 ARE IN THE AMOUNT OF $35,000 WHICH IS INCLUDED IN FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. THE DEFERRED COMPENSATION AMOUNT UNDER THE PLAN VESTED ON JUNE 30, 2022. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-03-01 14045589 SEE PART VI 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-03-01 7000000 SEE PART VI 0 0 0 A 842482 14045589 14045589 1 0 1 1 B 7000000 51000 6949000 0 0 0 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 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: TO REFINANCE THE SERIES 2017A BONDS AND THE SERIES 2017B BONDS. SCHEDULE K, PART I, BOND ISSUES: (B) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF CENTENNIAL ARTS CENTER BUILDING. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY MADE AVAILABLE UP TO $7,000,000 IN REVENUE BONDS (THE SERIES 2022 BONDS) AND ARE AVAILABLE FOR THE ACADEMY TO DRAW DOWN UPON THROUGH MARCH 2025. AS OF JUNE 30, 2022, THE ACADEMY HAD DRAWN DOWN $51,000. X 48 1016810 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. PART I, LINE 32B: MORGAN STANLEY SMITH BARNEY, LLC PROCESSED AND SOLD THE STOCK DONATIONS ON BEHALF OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE 2021 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM ELECTRONICALLY WHICH IS THEN MADE AVAILABLE TO THE ASSISTANT TO THE HEAD OF SCHOOL. ONCE RETURNED, EACH FORM IS REVIEWED BY THE ASSISTANT AND ANY EXCEPTIONS ARE REPORTED TO THE HEAD AND CFOO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE ON TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. AN ELECTRONIC RECORD OF THE RESPONSES IS SAVED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CONCORD BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. KEY EMPLOYEE JOB PERFORMANCE, INCLUDING THE CFOO, DIRECTOR OF ENROLLMENT MANAGEMENT, AND DIRECTOR OF ADVANCEMENT AND ENGAGEMENT, IS EVALUATED BY THE HEAD OF SCHOOL. THE COMPENSATION PROCESS INVOLVES ATTENTION TO AND AVOIDANCE OF CONFLICTS OF INTEREST AS WELL AS THE USE OF COMPARABILITY DATA GATHERED AND GENERATED THROUGH AN EXTERNAL DATABASE. SUCH DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 165,448. CHARITABLE REMAINDER TRUSTS (1) CHARITABLE TRUST MA CONCORD ACADEMY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0