2023-05-12T14:40:21-05:00 2022-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2021-07-01 042103751 BUCKINGHAM BROWNE & NICHOLS SCHOOL BUCK 6175476100 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 TARA GOHLMANN COO/CFO 6175476100 2023-05-12 1 TARA GOHLMANN 999009999 LYNNE JOHNSON P00757336 6179129000 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR JENNIFER PRICE 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 79713906 0 X WWW.BBNS.ORG X 1883 MA SEE SCHEDULE O 33 31 553 75 333526 0 14253896 12164564 50585371 55229514 29595008 3118195 0 0 94434275 70512273 10265269 10002143 0 0 36497308 37563675 0 0 2930349 16658353 15654407 63420930 63220225 31013345 7292048 260141304 253630027 78711351 82014267 181429953 171615760 X SEE SCHEDULE O 0 0 51593819 9910643 52547543 BUCKINGHAM BROWNE & NICHOLS SCHOOL IS AN ALL GENDER DAY SCHOOL FOR CHILDREN GRADES PRE-KINDERGARTEN THROUGH TWELVE THAT STRIVES FOR THE PURSUIT OF EDUCATIONAL EXCELLENCE WHILE CELEBRATING THE DIVERSITY OF ITS COMMUNITY AND FOSTERING INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS. STUDENTS: 1,037 TOTAL STUDENTS: 332 LOWER SCHOOL; 173 MIDDLE SCHOOL; 532 UPPER SCHOOL; 44% STUDENTS OF COLORTEACHING FACULTY: 161 TOTAL; 85% HAVE ADVANCED DEGREESFINANCIAL AID: 24% OF THE STUDENT BODY COLLEGE COUNSELING: 4 COUNSELORS AVAILABLE FOR GUIDANCECOLLEGE MATRICULATION: THE CLASS OF 2022 ENTERED APPROXIMATELY 71 DIFFERENT COLLEGES AND UNIVERSITIESBB&N'S COMMITMENT TO DIVERSITY IS INTEGRAL TO THE MISSION AND VISION OF THE SCHOOL. THE DIFFERENT PERSPECTIVES AND EXPERIENCES OF OUR STUDENTS DEFINE THE FABRIC OF OUR COMMUNITY. THESE MANY PERSPECTIVES AND EXPERIENCES CONTRIBUTE TO THE GROWTH OF THE INDIVIDUALS WHO CALL BB&N THEIR ALMA MATER AND SHAPE THE CLASSROOM AND EXTRACURRICULAR EXPERIENCES. TO HAVE AS CLASSMATES AND FRIENDS PEOPLE WHO ARE DIFFERENT FROM ONESELF, TO COME TO TRULY KNOW THE BACKGROUND, EXPERIENCES, AND BELIEFS OF A NEW FRIEND, IS TO LEARN MORE DEEPLY ABOUT ONESELF AND OUR WORLD. THERE IS NO MORE IMPORTANT ATTRIBUTE IN THE PREPARATION FOR GLOBAL CITIZENSHIP.IN ADDITION, NO AMOUNTS HAVE BEEN REFLECTED IN THE FORM 990 FOR MANY HOURS OF CONTRIBUTED SERVICES FROM VOLUNTEERS. HOWEVER, MANY INDIVIDUALS VOLUNTEER THEIR TIME AND PERFORM A VARIETY OF TASKS THAT ASSIST THE SCHOOL WITH ITS ACTIVITIES. THE VALUE OF THIS CONTRIBUTED TIME AND EFFORT IS NOT REFLECTED IN THE FORM 990. EACH YEAR OVER 200 BB&N ALUMNI/AE, PARENTS AND FRIENDS SUPPORT THE SCHOOL BY VOLUNTEERING THEIR TIME. THIS GENEROUS SUPPORT ALLOWS BB&N TO ACCOMPLISH MANY OF THE THINGS THAT SET IT APART FROM OTHER INDEPENDENT DAY SCHOOLS. WE ARE ABLE TO RETAIN THE MOST QUALIFIED AND DYNAMIC FACULTY, PROVIDE TREMENDOUS ART AND ATHLETIC PROGRAMS, MAINTAIN BEAUTIFUL GROUNDS AND BUILDINGS, AND PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS. 854958 91500 2648066 BUCKINGHAM BROWNE & NICHOLS SCHOOL HOLDS A SUMMER CAMP FOR BOSTON AREA CHILDREN EACH SUMMER THAT PROVIDES MEMBERS OF THE SCHOOL AND LOCAL COMMUNITY WITH A HIGH QUALITY, AFFORDABLE OPTION TO EDUCATE AND ENTERTAIN THEIR CHILDREN DURING SUMMER VACATION. 52448777 1 1 0 0 0 0 1 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 0 0 0 0 1 104 0 1 553 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X JENNIFER TRENT 6178002747 46 BELMONT STREET WATERTOWN MA 02472 DR JENNIFER P PRICE HEAD OF SCHOOL 40.00 X X 500717 0 125560 JESSE SARZANA FACULTY TRUSTEE 40.00 X 92039 0 38344 LESLIE AHLSTRAND TRUSTEE 1.00 X 0 0 0 JAKE ANDERSON-BIALIS TRUSTEE 1.00 X 0 0 0 ELIZA APPLETON TRUSTEE 1.00 X 0 0 0 CARMEN ARCE-BOWEN TRUSTEE 1.00 X 0 0 0 JENNIFER WINN ARONSON TRUSTEE 1.00 X 0 0 0 TAMARA ASHFORD TRUSTEE (FROM 9/1/21) 1.00 X 0 0 0 MARGARET BOASBERG TRUSTEE 1.00 X 0 0 0 TIM COHEN TRUSTEE 1.00 X 0 0 0 ALEXI CONINE TRUSTEE 1.00 X 0 0 0 ALEXIS BOYLE EGAN TRUSTEE 1.00 X 0 0 0 ALEXANDRA EPEE-BOUNYA TRUSTEE 1.00 X 0 0 0 CHRISTINE GROSS-LOH TRUSTEE 1.00 X 0 0 0 RACHEL KRONER HANSELMAN TRUSTEE 1.00 X 0 0 0 LIONEL HARRIS TRUSTEE (FROM 9/1/21) 1.00 X 0 0 0 JEFF HAWKINS TRUSTEE 1.00 X 0 0 0 FREDDIE JACOBS TRUSTEE 1.00 X 0 0 0 JOELINDA JOHNSON TRUSTEE (FROM 9/1/21) 1.00 X 0 0 0 MARJORIE LICHTENBERGER TRUSTEE 1.00 X 0 0 0 BRIDGET TERRY LONG TRUSTEE 1.00 X 0 0 0 TRISTIN MANNION TRUSTEE 1.00 X 0 0 0 JK NICHOLAS TRUSTEE 1.00 X 0 0 0 SHEP PERKINS TRUSTEE 1.00 X 0 0 0 LESLIE RIEDEL TRUSTEE 1.00 X 0 0 0 ILA SHAH TRUSTEE 1.00 X 0 0 0 TOWNE WILLIAMS TRUSTEE (FROM 9/1/21) 1.00 X 0 0 0 FAN WU TRUSTEE 1.00 X 0 0 0 ADAM ZALISK TRUSTEE 1.00 X 0 0 0 CHARLES A BRIZIUS CHAIR 1.00 X X 0 0 0 JASON HAFLER VICE CHAIR 1.00 X X 0 0 0 PAM BAKER VICE CHAIR/SECRETARY 1.00 X X 0 0 0 JIMMY BERYLSON VICE CHAIR/TREASURER 1.00 X X 0 0 0 TARA S GOHLMANN COO/CFO 40.00 X 424442 0 63385 JED LIPPARD CHIEF LEARNING OFFICER 40.00 X 247163 0 75965 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 40.00 X 257113 0 44065 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR (UNTIL 6/30/22) 40.00 X 213857 0 50004 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 40.00 X 172269 0 47742 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 40.00 X 177123 0 38240 JENNIFER TRENT DIRECTOR OF BUSINESS OPERATIONS 40.00 X 169007 0 63235 TAMAH ROSKER DIRECTOR OF HUMAN RESOURCE 40.00 X 165668 0 45938 LEILA BAILEY-STEWART DEIG OFFICER 40.00 X 153879 0 44211 KIM GOLD DIRECTOR OF HEALTH SERVICES 40.00 X 157173 0 20236 ANDREW MARCENIK CHIEF DIGITAL OFFICER 40.00 X 155729 0 19091 2886179 0 676016 54 0 1 0 C&W FACILITY SERVICES 4002 SOLUTIONS CENTER CHICAGO IL 60677 MAINTENANCE 708044 YOUR SPACE LANDSCAPE & CONSTRUCTION INC 2 BLANCHARD ROAD BURLINGTON MA 01803 LANDSCAPE CONSTRUCTION 554926 COMMUNITY COUNSELING SERVICES 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 COUNSELING SERVICES 336000 JAMES SARTORI ELECTRIC 1035 VERNON STREET BRIDGEWATER MA 02324 ELECTRICAL SERVICES 307521 FOLEY HOAG LLP 155 SEAPORT BOULEVARD BOSTON MA 02210 LEGAL SERVICES 268746 18 12164564 216318 12164564 STUDENT TUITION 611600 52547543 52547543 SUMMER & OTHER TUITION 611710 2082468 2082468 TRANSPORTATION INCOME 480000 416004 416004 OTHER REVENUE 900099 115216 115216 RENTAL REVENUE 532000 68283 34378 33905 55229514 273657 299621 -25964 12046171 9201633 2844538 2844538 2844538 70512273 55195609 333526 2818574 91500 91500 9910643 9910643 3867409 1910817 1647665 308927 25513427 22453149 1764376 1295902 2330126 2062159 150070 117897 3828023 3307362 310234 210427 2024690 1693856 220691 110143 219539 219539 85965 85965 918968 918968 2647460 1912831 503278 231351 95960 95585 375 233388 81509 72689 79190 1106693 936262 109563 60868 1481910 1339790 100872 41248 252599 236910 6438 9251 503626 245935 196275 61416 760482 760482 3645146 3306147 240580 98419 306431 33710 272721 EQUIPMENT RENTAL/MAINTE 823935 711124 38340 74471 SUPPLIES 642317 580253 41917 20147 BOOKS & DUES 587050 526136 48482 12432 1342938 1013099 131579 198260 63220225 52448777 7841099 2930349 1977911 6097262 12612659 167177 1626781 6176350 24228400 25719690 769023 558295 172613790 54040501 106061362 118573289 7175594 7735357 100869724 83909992 4819850 4692615 260141304 253630027 5363963 6074210 44413168 45843752 28756697 29895574 177523 200731 78711351 82014267 X 99446833 94456890 81983120 77158870 181429953 171615760 260141304 253630027 X 7292048 -17080716 -25525 X 0 1 X 1 0 X 7702331 4530819 5644611 14253896 12164564 44296221 7702331 4530819 5644611 14253896 12164564 44296221 1089597 43206624 290046 983149 817303 3404876 -25964 5469410 231555 231555 49997186 246705830 0.86420 0.81860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 167.00 0 0 0 1 1 80.00 0 1 112471722 1314719 -14907628 3562428 95316385 82360609 3608126 29857792 3354805 112471722 81386804 1789677 2494143 3310015 82360609 80358235 1839578 2437778 3248787 81386804 76996555 1741177 4746904 3126401 80358235 0.29980 0.53230 0.16790 0 0 57750488 57750488 90535710 42642852 47892858 3593657 2987797 605860 9293662 8409852 883810 11440273 11440273 118573289 GLOBAL EQUITY FUNDS 11448975 F EMERGING MARKETS EQUITY FUNDS 4889859 F U.S. EQUITY FUNDS 11721308 F MULTI-STRATEGY FUNDS 18443424 F NON-MARKETABLE FUNDS 37406426 F 83909992 ENROLLMENT DEPOSITS 27836 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 172895 200731 X 42576421 -17080716 -10855136 -27935852 70512273 0 70512273 52390614 0 52390614 918968 9910643 10829611 63220225 PART II, LINE 9: THE SCHOOL DOES NOT RECEIVE REVENUE AND HAS NO EXPENSES RELATED TO THIS CONSERVATION EASEMENT. THEREFORE, NO REVENUE OR EXPENSES ARE INCLUDED. PART V, LINE 4: USE OF THE ORGANIZATION'S ENDOWMENT FUNDS: TO SUPPLEMENT AND SUPPORT THE OPERATIONS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATIONS AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS AFTER THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMMORTIZATION OF ANNUITY DISCOUNTS -25,525. FINANCIAL AID NETTED WITH REVENUE ON AUDITED F/S -9,910,643. INVESTMENT EXPENSES NETTED WITH INVESTMENT RETURN ON AUDITED F/S -918,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 9,910,643. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF RACIAL NON-DISCRIMINATION POLICY IS PUBLISHED ONLINE AT WWW.AISNE.ORG. IT IS ALSO PUBLISHED IN THE EMPLOYEE HANDBOOK, ON THE ORGANIZATION'S WEBSITE AND IN A FINANCIAL SUPPLEMENT WHICH IS PROVIDED TO ALL FAMILIES WHEN STUDENTS ENROLL. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 27102404 0 0 0 0 0 0 27102404 0 27102404 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 THE FAMILY COOPERATIVE INC 46 BELMONT STREET WATERTOWN MA 02472 461859126 501(C)(3) 0 91500 FMV RENT & UTILITIES BB&N HAS FORGIVEN THE RENT AND UTILITIES OWED BY THE FAMILY COOPERATIVE DURING FISCAL YEAR 2022 1 0 FINANCIAL AID 248 9910643 CREDIT TO STUDENT ACCOUNT PART I, LINE 2: SCHOLARSHIPS ARE APPLIED AGAINST TUITION CHARGED BY THE ORGANIZATION. FAMILIES SUBMIT THEIR FINANCIAL INFORMATION THROUGH A SERVICE THAT CALCULATES THE AMOUNT THAT A FAMILY CAN AFFORD TO PAY FOR TUITION. THE SCHOOL PERIODICALLY CHECKS TAX RETURNS WITH THE IRS TO CONFIRM THAT THE DATA PROVIDED IS ACCURATE. THE SCHOOL FOLLOWS THE PRINCETON RECOMMENDATIONS AND APPLIES THE GRANT TO THE TUITION CHARGED. PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: THE FAMILY COOPERATIVE INC (H) PURPOSE OF GRANT OR ASSISTANCE: BB&N HAS FORGIVEN THE RENT AND UTILITIES OWED BY THE FAMILY COOPERATIVE DURING FISCAL YEAR 2021. ONE OF THE CONDITIONS OF THE RENTAL AGREEMENT BETWEEN BB&N AND THE FAMILY COOPERATIVE IS THAT BB&N ENROLLEES WHO SATISFY THE FAMILY COOPERATIVE'S CRITERIA FOR ACCEPTANCE WILL BE GIVEN PREFERENCE AND WILL BE ACCEPTED TO FILL ANY VACANCIES. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DR JENNIFER P PRICE HEAD OF SCHOOL 496189 0 0 0 4528 0 48500 0 77060 0 626277 0 626277 0 TARA S GOHLMANN COO/CFO 303764 0 0 0 120678 0 32214 0 31171 0 487827 0 487827 0 JED LIPPARD CHIEF LEARNING OFFICER 246683 0 0 0 480 0 45020 0 30945 0 323128 0 323128 0 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 256327 0 0 0 786 0 25105 0 18960 0 301178 0 301178 0 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR (UNTIL 6/30/22 193209 0 0 0 20648 0 20220 0 29784 0 263861 0 263861 0 JENNIFER TRENT DIRECTOR OF BUSINESS OPERATIONS 168527 0 0 0 480 0 32332 0 30903 0 232242 0 232242 0 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 164789 0 0 0 7480 0 16859 0 30883 0 220011 0 220011 0 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 176475 0 0 0 648 0 17857 0 20383 0 215363 0 215363 0 TAMAH ROSKER DIRECTOR OF HUMAN RESOURCE 165020 0 0 0 648 0 16806 0 29132 0 211606 0 211606 0 LEILA BAILEY-STEWART DEIG OFFICER 148435 0 0 0 5444 0 14926 0 29285 0 198090 0 198090 0 KIM GOLD DIRECTOR OF HEALTH SERVICES 156693 0 0 0 480 0 14937 0 5299 0 177409 0 177409 0 ANDREW MARCENIK CHIEF DIGITAL OFFICER 155279 0 0 0 450 0 14916 0 4175 0 174820 0 174820 0 PART I, LINE 1A THE HEAD OF SCHOOL LIVES IN A SCHOOL OWNED PERSONAL RESIDENCE. THIS IS FOR THE CONVENIENCE OF THE SCHOOL. USE OF THE HOUSE, WITH AN IMPUTED ANNUAL VALUE OF $48,000, HAS BEEN INCLUDED IN NONTAXABLE BENEFITS OF THE HEAD OF SCHOOL. PART I, LINE 4A GEOFFREY THEOBALD, UPPER SCHOOL DIRECTOR, RECEIVED A PAYMENT OF $206,707 DURING FISCAL YEAR JUNE 30, 2022. THE PAYMENT IS REPORTED ON THE 2022 FORM W-2. A MASS DEVELOPMENT FINANCE ACADEMY 043431814 2011-12-19 15000000 REFUND 2006 BOND ISSUE 0 0 0 B MASS DEVELOPMENT FINANCE ACADEMY 043431814 2021-01-13 20375000 SEE PART VI 0 0 0 A 5625000 15000000 236123 14763877 2011 1 0 1 1 B 20375000 20375000 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 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I BOND ISSUES, LINE B: (F) TO FINANCE COSTS TO PURCHASE PROPERTY, CONSTRUCT NEW ATHLETIC FACILITIES, RENOVATE AND MAKE IMPROVEMENTS TO EXISTING BUILDINGS/FACILITIES, AND ACQUISITION OF FURNITURE, FURNISHINGS AND EQUIPMENT FOR THE SCHOOL. X 36 216318 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE I & PART III, LINE I: BB&N, AN ALL GENDER DAY SCHOOL IN CAMBRIDGE, MASSACHUSETTS, WAS ESTABLISHED IN 1974 BY THE MERGER OF TWO INDEPENDENT SCHOOLS, THE BUCKINGHAM SCHOOL AND THE BROWNE & NICHOLS SCHOOL, FOUNDED RESPECTIVELY IN 1889 AND 1883. LOCATED ON MULTIPLE CAMPUSES, WE WORK AS ONE SCHOOL IN PURSUIT OF EXCELLENCE. WE CELEBRATE THE DIVERSITY OF OUR COMMUNITY WHICH ENRICHES OUR DAILY EXPERIENCE. AT BB&N, WE FOSTER INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS. OUR EDUCATIONAL PROGRAM, COORDINATED FROM BEGINNERS THROUGH GRADE TWELVE, PROVIDES A RIGOROUS CORE CURRICULUM, TAUGHT IN FLEXIBLE AND INNOVATIVE WAYS. STUDENTS ACQUIRE THE SKILLS AND DISCIPLINE NECESSARY FOR ACADEMIC ACCOMPLISHMENT AND LEARN TO REFLECT, TAKE RISKS AND TO DISCOVER. THE CURRICULUM IS STRENGTHENED BY OUR COMMITMENT TO A COMPREHENSIVE PROGRAM IN THE ARTS AND ATHLETICS. IN ALL OF OUR EXPERIENCES, BOTH THOSE WITHIN THE SCHOOL AND THOSE WHICH USE OUR URBAN LOCATION, WE ENCOURAGE SELF-RELIANCE, KNOWLEDGE OF ONESELF, AND A CAPACITY FOR LEADERSHIP. THE CONNECTIONS BETWEEN OUR FACULTY AND STUDENTS ARE AT THE HEART OF OUR SCHOOL. WE ASK MEMBERS OF OUR COMMUNITY TO BE ENGAGED LEARNERS, COMPASSIONATE INDIVIDUALS, AND PRODUCTIVE CITIZENS WHO LIVE OUR SCHOOL'S MOTTO: "HONOR, SCHOLARSHIP, AND KINDNESS." FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES HAS ACCESS TO THE COMPLETE FORM 990 WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B. THE NAMES OF THOSE DONORS WHO WISH TO REMAIN ANONYMOUS HAVE BEEN REDACTED FROM SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES AND THEY DETERMINE IF A POTENTIAL CONFLICT EXISTS. IF A POTENTIAL CONFLICT IS FOUND TO EXIST, THAT INDIVIDUAL IS BARRED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS REGARDING THE CONFLICTING MATTER. REVIEW OF THE CONFLICT OF INTEREST POLICY IS DONE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A REASONABLE COMPENSATION: IT IS THE POLICY OF BUCKINGHAM BROWNE & NICHOLS SCHOOL ("THE SCHOOL") TO PAY NO MORE THAN REASONABLE COMPENSATION FOR PERSONAL SERVICES RENDERED TO THE SCHOOL BY OFFICERS AND EMPLOYEES. THE TRUSTEES OF THE SCHOOL SHALL NOT RECEIVE COMPENSATION FOR FULFILLING THEIR DUTIES AS TRUSTEES, ALTHOUGH TRUSTEES MAY BE REIMBURSED FOR ACTUAL OUT-OF-POCKET EXPENSES WHICH THEY INCUR IN ORDER TO FULFILL THIER DUTIES AS TRUSTEES. EXPENSES OF SPOUSES WILL NOT BE REIMBURSED BY THE SCHOOL UNLESS THE EXPENSES ARE NECESSARY TO ACHIEVE A SCHOOL PURPOSE. APPROVAL OF COMPENSATION: THE BOARD OF TRUSTEES MUST APPROVE IN ADVANCE THE AMOUNT OF ALL COMPENSATION FOR THE HEAD OF THE SCHOOL. BEFORE APPROVING THE COMPENSATION OF THE HEAD OF SCHOOL, THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE SCHOOL TO THE HEAD OF SCHOOL IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY AND QUALIFICATION OF THE HEAD OF SCHOOL FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE HEAD OF SCHOOL'S PRIOR PERFORMANCE FOR THE SCHOOL, IF APPLICABLE. IN MAKING THE DETERMINATION, THE BOARD SHALL CONSIDER TOTAL COMPENSATION TO INCLUDE THE SALARY AND THE VALUE OF ALL BENEFITS PROVIDED BY THE SCHOOL TO THE INDIVIDUAL IN PAYMENT FOR SERVICES. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING THE HEAD OF SCHOOL'S COMPENSATION, THE HEAD OF SCHOOL SHOULD NOT BE PRESENT AT THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DATA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR HEAD OF SCHOOLS IN LIKE CIRCUMSTANCES. THE BOARD SHALL SET FORTH THE BASIS FOR ITS DECISIONS WITH RESPECT TO COMPENSATION IN THE MINUTES OF THE MEETING AT WHICH THE DECISIONS ARE MADE, INCLUDING THE CONCLUSIONS OF THE EVALUATION AND THE BASIS FOR DETERMINING THAT THE INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND THE COMPARABILITY DATA. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE ORGANIZATION'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: AMORTIZATION OF ANNUITY DISCOUNTS -25,525.