GROTON SCHOOL: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- GROTON SCHOOL (EIN 04-2104265)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-12
- IRS object ID
- 202311329349303881
- Schema version
- 2021v4.0
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-12T12:43:51-07:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104265 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GROTON SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GROT | BusinessNameControlTxt |
| Phone | 9784483363 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1Txt |
| City | Groton | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01450 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Julie Dolan | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 9784487566 | PhoneNum |
| Signature | 2023-05-12 | SignatureDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| OOB Security Verification | 11 | OOBSecurityVerificationCd |
| Last Submission Rqr OOB | 0 | LastSubmissionRqrOOBCd |
| Authentication Assurance Level | AAL2 | AuthenticationAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Julie Dolan | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1Txt |
| City | Groton | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01450 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $63,917,572 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.groton.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1884 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Groton School provides college and university preparatory education for students in grades eight to twelve. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 235 | TotalEmployeeCnt |
| Total Volunteers | 300 | TotalVolunteersCnt |
| Total Gross UBI | $773,496 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $21,680,439 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,431,830 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $21,964,618 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,552,664 | CYProgramServiceRevenueAmt |
| PY Investment Income | $27,443,226 | PYInvestmentIncomeAmt |
| CY Investment Income | $24,818,816 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$49,100 | PYOtherRevenueAmt |
| CY Other Revenue | -$34,891 | CYOtherRevenueAmt |
| PY Total Revenue | $71,039,183 | PYTotalRevenueAmt |
| CY Total Revenue | $61,768,419 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,755,192 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,774,591 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,071,463 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $22,893,546 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,367,741 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $25,036,268 | PYOtherExpensesAmt |
| CY Other Expenses | $24,240,538 | CYOtherExpensesAmt |
| PY Total Expenses | $54,862,923 | PYTotalExpensesAmt |
| CY Total Expenses | $54,908,675 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,176,260 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,859,744 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $639,928,563 | TotalAssetsBOYAmt |
| Total Assets EOY | $623,393,279 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $92,810,780 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $86,063,013 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $547,117,783 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $537,330,266 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Groton School's mission is to inspire lives of character, scholarship, leadership, and service within a diverse, inclusive, and close-knit community. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $37,830,291 | ExpenseAmt |
| Grant | $7,774,591 | GrantAmt |
| Revenue | $22,552,664 | RevenueAmt |
| Desc | Education of 377 students in grades eight through twelve in a non-profit, co-educational college preparatory boarding school. The School provides aid assistance for 44% of its students in the form of tuition grants, housing support, travel assistance, and subsidies for books, supplies, and laptop purchases. | Desc |
| Total Other Prog Srvc Expense | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $37,830,291 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 149 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 235 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Julie Dolan | PersonNm |
| Phone | 9784487566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1Txt |
| City | Groton | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 014500991 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Temba Maqubela | ||||||||
| Headmaster | 60 | 0 | Yes (X) | Yes (X) | $557,609 | $0 | $158,363 | |
| Julie Dolan | ||||||||
| Chief Financial Officer | 50 | 0 | Yes (X) | $321,655 | $0 | $82,479 | ||
| John MacEachern | ||||||||
| Director of Development | 50 | 0 | $297,712 | $0 | $82,581 | Yes (X) | ||
| Harold W Anderson III | ||||||||
| Assistant Headmaster | 50 | 0 | $186,647 | $0 | $88,012 | Yes (X) | ||
| Megan Harlan | ||||||||
| Assistant Headmaster | 50 | 0 | $180,661 | $0 | $86,278 | Yes (X) | ||
| Ian Gracey | ||||||||
| Director of Admissions | 50 | 0 | $170,955 | $0 | $85,553 | Yes (X) | ||
| Elizabeth Preston | ||||||||
| Chief Technology Officer | 50 | 0 | $180,205 | $0 | $27,659 | Yes (X) | ||
| David Altshuler | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Ellen Boiselle | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Nathaniel A Bristol | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Nicholas F Burgin | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Kun Deng | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Rachel E Diamond | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Merrill Stubbs Dorman | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Charles S Duggan | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Ann Gildroy Fox | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Crista Gannon | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| William B Gray | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Monica Spencer Green | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Kevin M Griffith | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Grant A Gund | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Allison Chin Hays | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Grace Song Park | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| David Porter | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Stacey Clover Symonds | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Thomas Varkey | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| William C Vrattos | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Alfred Winkler | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Nancy Yang | ||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Benjamin N Pyne | ||||||||
| President | 4 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Gary C Hill | ||||||||
| Vice President | 4 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Peter C Erichsen | ||||||||
| Secretary | 4 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Diana S Ferguson | ||||||||
| Treasurer | 4 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,895,444 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $610,925 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | 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 | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| FLIK | ||||||
| 2 International Drive | Rye Brook | NY | 10573 | Food Service | $1,980,429 | |
| CIC Health LLC | ||||||
| One Broadway | Cambridge | MA | 02142 | Public Health Resiliency Services | $1,095,975 | 14th Floor |
| Cambridge Associates | ||||||
| 125 High Street | Boston | MA | 02110 | Investment Advisor | $879,952 | |
| Eagle Cleaning Corporation | ||||||
| 997 Millbury Street | Worcester | MA | 01607 | Cleaning Service | $637,079 | Suite A |
| Consigli Construction Company | ||||||
| 72 Summer Street | Milford | MA | 01757 | Construction | $575,470 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $0 | GovernmentGrantsAmt |
| All Other Contributions | $14,431,830 | AllOtherContributionsAmt |
| Noncash Contributions | $2,179,011 | NoncashContributionsAmt |
| Total Contributions | $14,431,830 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition | 611600 | $21,908,371 | $21,908,371 | $0 | $0 |
| Technology Support Fee | 611710 | $226,200 | $226,200 | $0 | $0 |
| Laptop Rental and Lease | 611710 | $166,250 | $166,250 | $0 | $0 |
| Health Center Fee | 611710 | $128,000 | $128,000 | $0 | $0 |
| Application Fees | 611710 | $70,300 | $70,300 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,543 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,543 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,552,664 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,781,064 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $387,767 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,393,297 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $40,694 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $117,624 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$76,930 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$76,930 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $14,892 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$91,822 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,987,190 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,936,730 | SecuritiesAmt |
| Other | $12,708 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,050,460 | SecuritiesAmt |
| Other | -$12,708 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,037,752 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $370,837 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,666,915 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Gross Sales Of Inventory | $124,130 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $82,091 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,039 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $42,039 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,768,419 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,552,664 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $773,496 | UnrelatedBusinessRevenueAmt |
| Exclusion | $24,010,429 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,750 | TotalAmt |
| Program Services | $226,750 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,547,841 | TotalAmt |
| Program Services | $7,547,841 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,120,106 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,120,106 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,888 | TotalAmt |
| Program Services | $186,888 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,466,392 | TotalAmt |
| Program Services | $10,875,198 | ProgramServicesAmt |
| Management And General | $2,256,180 | ManagementAndGeneralAmt |
| Fundraising | $1,335,014 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,729,398 | TotalAmt |
| Program Services | $1,830,204 | ProgramServicesAmt |
| Management And General | $636,431 | ManagementAndGeneralAmt |
| Fundraising | $262,763 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,408,133 | TotalAmt |
| Program Services | $1,831,770 | ProgramServicesAmt |
| Management And General | $1,355,646 | ManagementAndGeneralAmt |
| Fundraising | $220,717 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $982,629 | TotalAmt |
| Program Services | $658,904 | ProgramServicesAmt |
| Management And General | $229,126 | ManagementAndGeneralAmt |
| Fundraising | $94,599 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,054 | TotalAmt |
| Program Services | $2,925 | ProgramServicesAmt |
| Management And General | $92,129 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,723 | TotalAmt |
| Program Services | $15,800 | ProgramServicesAmt |
| Management And General | $160,923 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,434,536 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,434,536 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,215,865 | TotalAmt |
| Program Services | $335,078 | ProgramServicesAmt |
| Management And General | $845,933 | ManagementAndGeneralAmt |
| Fundraising | $34,854 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $400,183 | TotalAmt |
| Program Services | $131,044 | ProgramServicesAmt |
| Management And General | $172,731 | ManagementAndGeneralAmt |
| Fundraising | $96,408 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,226 | TotalAmt |
| Program Services | $51,738 | ProgramServicesAmt |
| Management And General | $69,548 | ManagementAndGeneralAmt |
| Fundraising | $30,940 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $577,630 | TotalAmt |
| Program Services | $183,924 | ProgramServicesAmt |
| Management And General | $375,006 | ManagementAndGeneralAmt |
| Fundraising | $18,700 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,423,340 | TotalAmt |
| Program Services | $3,304,454 | ProgramServicesAmt |
| Management And General | $118,100 | ManagementAndGeneralAmt |
| Fundraising | $786 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,292 | TotalAmt |
| Program Services | $48,459 | ProgramServicesAmt |
| Management And General | $70,910 | ManagementAndGeneralAmt |
| Fundraising | $30,923 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,597 | TotalAmt |
| Program Services | $17,988 | ProgramServicesAmt |
| Management And General | $15,165 | ManagementAndGeneralAmt |
| Fundraising | $1,444 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,094,837 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,094,837 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,584,562 | TotalAmt |
| Program Services | $8,309,983 | ProgramServicesAmt |
| Management And General | $274,579 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $466,398 | TotalAmt |
| Program Services | $46,794 | ProgramServicesAmt |
| Management And General | $396,979 | ManagementAndGeneralAmt |
| Fundraising | $22,625 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food | $1,188,813 | $1,096,100 | $55,754 | $36,959 |
| Special Events | $1,078,392 | $501,784 | $443,140 | $133,468 |
| General Merchandise and Equipment | $452,525 | $434,214 | $16,206 | $2,105 |
| Other Regulatory | $147,989 | $24,553 | $82,799 | $40,637 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,566,576 | TotalAmt |
| Program Services | $167,898 | ProgramServicesAmt |
| Management And General | $1,393,879 | ManagementAndGeneralAmt |
| Fundraising | $4,799 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,908,675 | TotalAmt |
| Program Services | $37,830,291 | ProgramServicesAmt |
| Management And General | $14,710,643 | ManagementAndGeneralAmt |
| Fundraising | $2,367,741 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,562 | BOYAmt |
| EOY | $75,575 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,189,434 | BOYAmt |
| EOY | $3,057,811 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,454,150 | BOYAmt |
| EOY | $13,102,106 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,572 | BOYAmt |
| EOY | $530,367 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,730 | BOYAmt |
| EOY | $185,557 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $360,872 | BOYAmt |
| EOY | $411,239 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $262,924,384 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $136,270,041 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,381,318 | BOYAmt |
| EOY | $126,654,343 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,425,285 | BOYAmt |
| EOY | $238,377,316 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,094,830 | BOYAmt |
| EOY | $233,765,155 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,797 | BOYAmt |
| EOY | $15,797 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,218,013 | BOYAmt |
| EOY | $7,218,013 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $639,928,563 | BOYAmt |
| EOY | $623,393,279 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,772,375 | BOYAmt |
| EOY | $13,759,370 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,336,153 | BOYAmt |
| EOY | $3,339,564 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,445,175 | BOYAmt |
| EOY | $62,954,499 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,257,077 | BOYAmt |
| EOY | $6,009,580 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,810,780 | BOYAmt |
| EOY | $86,063,013 | 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 | $280,595,166 | BOYAmt |
| EOY | $273,869,194 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,522,617 | BOYAmt |
| EOY | $263,461,072 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $547,117,783 | BOYAmt |
| EOY | $537,330,266 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $639,928,563 | BOYAmt |
| EOY | $623,393,279 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,859,744 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$23,950,729 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $7,303,468 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,871,686 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,798,145 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,078,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,680,439 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,431,830 | CurrentTaxYearAmt |
| Total | $92,860,109 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,871,686 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,798,145 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,078,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,680,439 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,431,830 | CurrentTaxYearAmt |
| Total | $92,860,109 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,079,594 | SubstantialContributorsTotAmt |
| Public Support Total170 | $88,780,515 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,632,294 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,149,535 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,943,625 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,617,899 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,419,099 | CurrentTaxYearAmt |
| Total | $28,762,452 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $773,496 | CurrentTaxYearAmt |
| Total | $773,496 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $112,704 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $111,398 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,743 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $77,846 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $124,130 | CurrentTaxYearAmt |
| Total | $503,821 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $122,899,878 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $108,137,619 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.72238 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72356 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 | FormAndLineReferenceDesc |
| Explanation | Retail sales from the school store. | ExplanationTxt |
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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $0 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $0 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | The school is a member of a number of associations such as the National Association of Independent Schools, New England Association of Schools and Colleges, and the Association of Independent Schools in New England, which may use a portion of their membership dues to lobby on behalf of members. The portion of dues and fees allocated to lobbying activities is not determinable. | ExplanationTxt |
Schedule D IRS990ScheduleD
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $477,247,136 | BeginningYearBalanceAmt |
| Contributions | $8,343,162 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,539,590 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,267,897 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,713,888 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $467,068,923 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $358,682,522 | BeginningYearBalanceAmt |
| Contributions | $11,890,148 | ContributionsAmt |
| Investment Earnings Or Losses | $130,230,943 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,612,648 | GrantsOrScholarshipsAmt |
| Other Expenditures | $18,943,829 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $477,247,136 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $388,141,574 | BeginningYearBalanceAmt |
| Contributions | $5,825,048 | ContributionsAmt |
| Investment Earnings Or Losses | -$15,480,468 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,169,926 | GrantsOrScholarshipsAmt |
| Other Expenditures | $15,633,706 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $358,682,522 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $382,574,956 | BeginningYearBalanceAmt |
| Contributions | $13,764,112 | ContributionsAmt |
| Investment Earnings Or Losses | $11,180,103 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,763,025 | GrantsOrScholarshipsAmt |
| Other Expenditures | $15,614,572 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $388,141,574 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $360,959,010 | BeginningYearBalanceAmt |
| Contributions | $13,616,292 | ContributionsAmt |
| Investment Earnings Or Losses | $24,266,829 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,456,531 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,810,644 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $382,574,956 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.47 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.29 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $7,461,688 | OtherCostOrOtherBasisAmt |
| Book Value | $7,461,688 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $229,960,664 | OtherCostOrOtherBasisAmt |
| Depreciation | $117,931,615 | DepreciationAmt |
| Book Value | $112,029,049 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $13,961,072 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,667,890 | DepreciationAmt |
| Book Value | $3,293,182 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $11,540,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,670,536 | DepreciationAmt |
| Book Value | $3,870,424 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $126,654,343 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Hedge Funds | $130,050,226 | F |
| Venture Capital Funds | $64,537,596 | F |
| Real Asset Funds | $21,543,826 | F |
| Private Equity Funds | $17,633,507 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $233,765,155 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Interest Rate Swap Agreements | $4,094,926 |
| Charitable Remainder Unitrusts | $1,281,155 |
| Charitable Gift Annuities | $633,499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,009,580 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $35,093,194 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$23,950,729 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | -$502,383 | OtherRevenueAmt |
| Revenue Not Reported | -$24,453,112 | RevenueNotReportedAmt |
| Revenue Subtotal | $59,546,306 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,434,536 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$212,423 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,222,113 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $61,768,419 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $44,880,711 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | -$407,329 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$407,329 | ExpensesNotReportedAmt |
| Expenses Subtotal | $45,288,040 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,434,536 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $7,186,099 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $9,620,635 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,908,675 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 1 | The collections, which include artwork, books, and artifacts of historical significance have been acquired through contributions since the school's inception and are not recognized as assets on the statement of financial position. |
| Schedule D, Part III, Line 4 | The artwork acquired by the school since its inception often relates to the school's history and has either been purchased or acquired by donation. This collection is displayed throughout the campus for viewing by students, faculty, and visitors. |
| Schedule D, Part V, Line 4 | The endowment is used to support the mission of the school. |
| Schedule D, Part X, Line 2 | The School follows FASB ASC 740, Income Taxes, which clarifies the accounting for uncertain income tax positions by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The School 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 the taxing authorities. Management evaluated the School's tax positions and concluded that the School had no material uncertain income tax positions as of June 30, 2022 or 2021. Aside from exceptional circumstances (such as fraud), the School is only subject to income tax examinations by the U.S. federal, state or local tax authorities for three years from the filing date. The School will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense. |
| Schedule D, Part XI, Line 2d | Unrealized gain swaps 3,913,093, accrued pension liability 2,087,149, unrealized gain on the value of split interest gifts 1,268,249, tuition grants (7,186,099), the recovery provision for uncollectable pledges 34,976, and the operating expenses netted with revenue on the financial statement (619,751). |
| Schedule D, Part XI, Line 4b | Rental expenses 117,624, cost of goods sold at the school store 82,091, and loss on disposal of property 12,708. |
| Schedule D, Part XII, Line 2d | Rental expenses 117,624, loss on disposal of property 12,708, the cost of goods sold at the school store 82,090, and the operating expenses netted with revenue on the financial statement (619,751). |
| Schedule D, Part XII, Line 4b | Tuition grants of 7,186,099. |
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 | Groton's diversity and inclusion statement is noted on its website. It states that Groton School's mission is to inspire lives of character, scholarship, leadership, and service within a diverse, inclusive, and close-knit community. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (including Iceland and Greenland) | 0 | 0 | Fundraising | Fundraising reception in London in April 2022. | $27,000 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | School sponsored educational trip by a member of the faculty to Europe in March 2022. | $3,000 |
| East Asia and the Pacific | 0 | 0 | Investments | $31,166,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Spent | $31,196,000 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Town of Groton | ||||||||
| 173 Main Street | Groton | MA | 01450 | 046001164 | $156,000 | $0 | Cash payment records | The contribution was made to help the Town of Groton subsidize their annual operating costs. |
| Town of Groton | ||||||||
| 173 Main Street | Groton | MA | 01450 | 046001164 | $35,000 | $0 | Cash payment records | The contribution was made to support the Town of Groton and subsidize the cost of new sidewalks. |
| The Childrens Center at Groton | ||||||||
| 20 Joy Lane | Groton | MA | 01450 | 043190811 | $25,000 | $0 | Cash payment records | The contribution was made to support the Children's Center efforts to recruit new teachers. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Tuition Grant | 170 | $0 | $7,186,099 | Total credits applied to student bills | Credits are applied to the tuition bill as a means of subsidizing the overall tuition costs to qualified students attending Groton School during the academic year and for the available summer program. |
| Incidental Grant | 91 | $180,622 | $0 | Credits are applied to monthly bill to offset costs | |
| Travel Grant | 58 | $92,267 | $0 | Credits are applied to monthly bill to offset costs | |
| Laptop Grant | 57 | $58,265 | $0 | Credits are applied to monthly bill to offset costs | |
| Parent Travel Grant | 39 | $30,588 | $0 | Payments made to subsidize travel related costs for parents |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | The school works directly with town officials and local charitable organizations to assess future needs and the use of current and past monetary grants. The school also makes several other small donations throughout the year based on the charitable purpose, historical relationship, and current need. These one-time contributions are not typically montitored by the CFO or Headmaster. Financial aid grants are awarded annually to qualified students and are typically applied as credits to the tuition bill up to the amount of the grant for the current academic year. In some instances, cash payments are issued directly to parents as reimbursements for academic expenses or travel related costs when applicable. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | 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 (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Temba Maqubela | ||||||||||||||
| Headmaster | $549,959 | $0 | $0 | $0 | $7,650 | $0 | $83,899 | $0 | $74,464 | $0 | $715,972 | $0 | $0 | $0 |
| Julie Dolan | ||||||||||||||
| Chief Financial Officer | $321,655 | $0 | $0 | $0 | $0 | $0 | $29,394 | $0 | $53,085 | $0 | $404,134 | $0 | $0 | $0 |
| John MacEachern | ||||||||||||||
| Director of Development | $264,992 | $0 | $0 | $0 | $32,720 | $0 | $45,650 | $0 | $36,931 | $0 | $380,293 | $0 | $0 | $0 |
| Harold W Anderson III | ||||||||||||||
| Assistant Headmaster | $166,647 | $0 | $0 | $0 | $20,000 | $0 | $21,231 | $0 | $66,781 | $0 | $274,659 | $0 | $0 | $0 |
| Megan Harlan | ||||||||||||||
| Assistant Headmaster | $143,346 | $0 | $10,315 | $0 | $27,000 | $0 | $19,642 | $0 | $66,636 | $0 | $266,939 | $0 | $0 | $0 |
| Elizabeth Preston | ||||||||||||||
| Chief Technology Officer | $156,505 | $0 | $0 | $0 | $23,700 | $0 | $16,473 | $0 | $11,186 | $0 | $207,864 | $0 | $0 | $0 |
| Ian Gracey | ||||||||||||||
| Director of Admissions | $170,955 | $0 | $0 | $0 | $0 | $0 | $18,754 | $0 | $66,799 | $0 | $256,508 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | Teaching faculty are required to live in on-campus housing as a condition of employment. A taxable housing stipend is paid to a few administrators who live off campus. The Headmaster's home includes some space that is reserved for school related meetings and student activities. The cost of maintaining this space is paid by the school and recorded as an operating expense. The School will only pay for the cost of a traveling spouse when they are an authorized participant in school related functions. In such cases, the cost is treated as a non-taxable work-related event. The discretionary account is provided to the Headmaster as part of the annual budget. The account is used to fund small school related expenses and, as a result, is not reported as a taxable fringe benefit. |
| Schedule J, Part I, Line 3 | The salary of Groton's Headmaster is determined annually by the Compensation Committee of the Board. As input to their decisions, the committee reviews the results of the annual ABOPS salary survey. ABOPS is a 40-member organization of independent schools whom we consider to be our peers. |
| Schedule J, Part I, Line 4 | The Headmaster's contract, which is approved by the President of the Board and the Compensation Committee, included an annual deferred compensation contribution of $54,256. The school deposited the intial payment to a qualified 457(b) plan up to the IRS limit of $19,500. The remaining balance of $34,756 was deposited to a non-qualified 457(f) plan. Each deposit to the 457(f) plan is subject to a three-year vesting period and is distributed once the terms are satisfied. |
| Schedule J, Part I, Line 7 | At the discretion of the Headmaster, additional compensation can be made when an employee makes significant contributions that are either outside the scope of their job or at a level that rises well beyond expectations. For 2021, two stipends were awarded for a total of $10,315. The stipends were in recogntion of their involvement with the school's ten-year accreditation planning and for participating in a residential life working group. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| Massachusetts Development Finance Agency | |||||||
| A | 043431814 | 2013-10-17 | $40,777,500 | Remaining balance from 2013A note. 2013B & C were refinanced in 2020. | 0 | 0 | 0 |
| Massachusetts Development Finance Agency | |||||||
| B | 043431814 | 2020-02-26 | $34,222,500 | Reissuance of Series 2013B and 2013C Notes | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $11,742,500 | $0 | $40,777,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40,777,500 | $0 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $0 | $0 | $34,222,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34,222,500 | $0 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Morgan Stanley Capital Services | |||||||||||||
| A | 0 | 0 | 0 | 0 | Yes (1) | Yes (1) | Bank of New York Mellon | 30 | 0 | 0 | 0 | 0 | Yes (1) |
| (no name) | |||||||||||||
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||||
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part IV, Line 4b-10/17/2013 40,777,500 Massachusetts Development Finance Agency | FormAndLineReferenceDesc |
| Explanation | The Bank of New York Mellon swap 20 year maturity, The Bank of New York Mellon swap 38 year maturity, and Morgan Stanley Capital Services swap 30 year maturity. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Vuyelwa Maqubela | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Family member of Temba Maqubela | RelationshipDescriptionTxt |
| Transaction | $186,888 | TransactionAmt |
| Transaction | Teacher and Advisor to Head of 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 | 92 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,179,011 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| 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 | Schedule M, Part I, Line 33 | FormAndLineReferenceDesc |
| Explanation | The number of security contributions is based on the number of gifts and not the number of shares received. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | A draft of the Form 990 without Schedule B was distributed electronically to each member of the Audit Committee. After a thorough review, the Committee had an opportunity to ask questions and suggest revisions during a group conference call. The draft was also posted to a secure electronic portal, accessible by the full Board, prior to filing. |
| Form 990, Part VI, Section B, Line 12c | All school officers, key employees, and members of the Board of Trustees are required annually to read the conflict-of-interest policy and sign the document. The signature indicates an understanding of the guidelines and an assurance to the Board that they are in compliance with the policy. Any potential conflict must be disclosed and reviewed by the President of the Board to determine if further action is required. Any identified conflict will prohibit such individuals from participation in the governing body's deliberations and transaction decisions related to the conflict. |
| Form 990, Part VI, Section B, Line 15 | An employment contract between the Headmaster and the school is updated periodically and renewed annually. Each year, the President of the Board and the Compensation Committee review the Headmaster's and other senior administrator's salaries and benefits. The salary survey provided by the Association of Business Officers of Preparitory Schools is used as a guide and a point of comparison. The annual salary and benefit offerings for the Chief Financial Officer are made by the Headmaster. All salaries and benefit offerings for the remaining school employees are updated annually and approved by the Chief Financial Officer or the Headmaster up to the aggregate salary approved by the Board of Trustees. |
| Form 990, Part VI, Section C, Line 19 | The Form 990 without Schedule B can be viewed on-line by going to guidestar.org, an independently operated website. The conflict of interest policy, governing documents, and financial statements may be viewed any time upon request for the same period of disclosure set forth in Section 6104(d). |
| Form 990, Part XI, Line 9 | Change in value of interest rate swap agreements 3,913,093, accrued pension liability 2,087,149, change in value of split interest agreements 1,268,250, and recovery of uncollectable pledges 34,976. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| Charitable Remainder Trust (4) | ||||||||
| PO Box 991 | Groton | MA | 01450 | Charitable Trust | MA | Groton School | T | Yes (1) |
| Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | Yes (1) |
| Growth Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |