CUSHING ACADEMY TRUSTEES: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CUSHING ACADEMY TRUSTEES (EIN 04-2104048)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-12
- IRS object ID
- 202321329349306962
- Schema version
- 2021v4.2
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-12T14:06:12-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104048 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TRUSTEES OF THE CUSHING ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 9788277600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 SCHOOL STREET | AddressLine1Txt |
| City | ASHBURNHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01430 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL M SILVA | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9788277600 | PhoneNum |
| Signature | 2023-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PAUL | PersonFirstNm |
| Person Last | SILVA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Preparation | 2023-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUSHING ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSEPH MARZILLI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 SCHOOL STREET | AddressLine1Txt |
| City | ASHBURNHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01430 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $58,275,589 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CUSHING.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1865 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | INDEPENDENT COLLEGE PREPARATORY SECONDARY SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 224 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $249,711 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,647,934 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,558,828 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,494,629 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,381,151 | CYProgramServiceRevenueAmt |
| PY Investment Income | $62,589 | PYInvestmentIncomeAmt |
| CY Investment Income | -$112,543 | CYInvestmentIncomeAmt |
| PY Other Revenue | $17,876 | PYOtherRevenueAmt |
| CY Other Revenue | $333,776 | CYOtherRevenueAmt |
| PY Total Revenue | $29,223,028 | PYTotalRevenueAmt |
| CY Total Revenue | $55,161,212 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,872,017 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,174,219 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,031,626 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,202,481 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,361,675 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,239,836 | PYOtherExpensesAmt |
| CY Other Expenses | $13,750,939 | CYOtherExpensesAmt |
| PY Total Expenses | $29,143,479 | PYTotalExpensesAmt |
| CY Total Expenses | $32,127,639 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $79,549 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $23,033,573 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $208,929,433 | TotalAssetsBOYAmt |
| Total Assets EOY | $228,695,316 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $35,789,636 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,458,316 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $173,139,797 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $189,237,000 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CUSHING ACADEMY, FOUNDED AS A COEDUCATIONAL BOARDING SCHOOL IN 1865, EXISTS FOR STUDENTS, THEIR ACADEMIC GROWTH AND THEIR PERSONAL DEVELOPMENT. WE ARE DEDICATED TO EDUCATING THE MIND, SHAPING THE CHARACTER, AND NURTURING THE CREATIVITY OF YOUNG MEN AND WOMEN. IN A COMMUNITY THAT IS ACADEMICALLY AND CULTURALLY DIVERSE, WE CHALLENGE EACH INDIVIDUAL, SUPPORT EXCELLENCE IN EVERY ASPECT OF THE LEARNING PROCESS, AND PROMOTE ACTIVE PARTICIPATION IN ALL AREAS OF LIFE AND LEARNING. WE OFFER A DEMANDING COLLEGE PREPARATORY CURRICULUM, TEACH SKILLS THAT BUILD CONFIDENCE, AND INSTILL VALUES THAT ENDURE. CUSHING ACADEMY EXISTS FOR STUDENTS AND DEVELOPS CURIOUS, CREATIVE, AND CONFIDENT LEARNERS AND LEADERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $26,050,778 | ExpenseAmt |
| Grant | $6,174,219 | GrantAmt |
| Revenue | $29,375,268 | RevenueAmt |
| Desc | CUSHING ACADEMY OFFERS A RIGOROUS AND TRANSFORMATIVE INDEPENDENT SECONDARY SCHOOL EXPERIENCE FOR STUDENTS IN GRADES 9-12 AND POST GRADUATES. CUSHING ACADEMY HAS 394 STUDENTS, 362 OF WHOM BOARD AND 32 WHO ATTEND BY DAY. | Desc |
| Total Program Service Expenses | $26,050,778 | 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 | 0 | 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 | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | 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 | 0 | 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 | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 34 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 224 | 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 | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | 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 | Yes (1) | 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 |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL M SILVA CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9788277600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 SCHOOL STREET | AddressLine1Txt |
| City | ASHBURNHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01430 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RANDY BERTIN | ||||||||
| TRUSTEE, HEAD OF SCHOOL | 50.00 | Yes (X) | Yes (X) | $364,083 | $0 | $102,575 | ||
| M ELIZABETH AKERS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HIROYUKI ARITA | ||||||||
| TRUSTEE (THRU 5/6/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DANA BARNES | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KEN CHUNG | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS CRAMER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| COLETTE DE LABRY | ||||||||
| TRUSTEE (THRU 10/13/21) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD LAPIDUS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTINE PELLETIER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KIMBERLY SAMSON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATT SIEGAL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUE HAWKES WIGHT | ||||||||
| TRUSTEE (THRU 5/6/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH MARZILLI | ||||||||
| PRESIDENT & TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MELISSA IRVING CHRISTENSEN | ||||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAUL SILVA | ||||||||
| CFO | 50.00 | Yes (X) | $255,643 | $0 | $19,570 | |||
| CATHERINE POLLOCK | ||||||||
| ASSOCIATE HEAD OF SCHOOL | 50.00 | $221,023 | $0 | $60,944 | Yes (X) | |||
| EDWARD KIRK | ||||||||
| DIR. MASTER PLANNING/ENGINEERING | 40.00 | $152,554 | $0 | $34,414 | Yes (X) | |||
| JENNIFER VIANA | ||||||||
| DIRECTOR OF ATHLETICS | 40.00 | $112,371 | $0 | $40,244 | Yes (X) | |||
| DAVID STONE | ||||||||
| DEAN OF FACULTY | 40.00 | $125,161 | $0 | $14,037 | Yes (X) | |||
| ELISE LEWIS | ||||||||
| DIRECTOR OF HEALTH SERVICES | 40.00 | $108,241 | $0 | $23,479 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,339,076 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $295,263 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | 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 |
|---|---|---|---|---|---|
| TIMBERLINE CONSTRUCTION CORPORATION | |||||
| 300 PINE STREET | CANTON | MA | 02021 | CONSTRUCTION COMPANY | $3,621,632 |
| BROCK AND COMPANY | |||||
| 257 GREAT VALLEY PARKWAY | MALVERN | PA | 19355 | DINNING SERVICES | $1,540,440 |
| CSL CONSULTING | |||||
| 300 NORTH AVENUE | BURLINGTON | MA | 01803 | CONSTRUCTION COMPANY | $374,606 |
| DIMELLA SHAFFER | |||||
| 24 FARNSWORTH STREET 4TH FLOOR | BOSTON | MA | 02210 | ARCHITECTS | $277,782 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| PO BOX 403412 | ATLANTA | GA | 303843412 | SECURITY SERVICES | $222,620 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $67,402 | FundraisingAmt |
| Government Grants | $1,541,063 | GovernmentGrantsAmt |
| All Other Contributions | $23,950,363 | AllOtherContributionsAmt |
| Noncash Contributions | $154,506 | NoncashContributionsAmt |
| Total Contributions | $25,558,828 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITIONS & FEES | 611600 | $28,510,099 | $28,510,099 |
| INTERNATIONAL FEE | 611710 | $625,940 | $625,940 |
| TRANSCRIPT & ENROLLMENT | 611710 | $169,155 | $169,155 |
| TUTORING & LESSONS | 611710 | $51,172 | $51,172 |
| SUMMER PROGRAMS | 611710 | $24,785 | $24,785 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,381,151 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,479 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $2,361 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,118 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,686,559 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,688,023 | SecuritiesAmt |
| Other | $148,558 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,464 | SecuritiesAmt |
| Other | -$148,558 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$150,022 | TotalRevenueColumnAmt |
| Exclusion | -$150,022 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $26,633 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $67,402 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $24,554 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,079 | TotalRevenueColumnAmt |
| Exclusion | $2,079 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $258,422 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $253,242 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,180 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$5,883 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $11,063 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ICE RINK RENTAL | 900099 | $236,287 | $236,287 | |
| DAMAGE CHARGES | 900099 | $38,363 | $38,363 | |
| TRANSPORTATION | 480000 | $11,008 | $11,008 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,859 | TotalRevenueColumnAmt |
| Exclusion | $40,859 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $326,517 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,161,212 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,375,268 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $249,711 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$22,595 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,174,219 | TotalAmt |
| Program Services | $6,174,219 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $825,273 | TotalAmt |
| Management And General | $825,273 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,709,809 | TotalAmt |
| Program Services | $6,832,315 | ProgramServicesAmt |
| Management And General | $1,085,485 | ManagementAndGeneralAmt |
| Fundraising | $792,009 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $677,789 | TotalAmt |
| Program Services | $439,952 | ProgramServicesAmt |
| Management And General | $197,776 | ManagementAndGeneralAmt |
| Fundraising | $40,061 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,293,160 | TotalAmt |
| Program Services | $1,009,777 | ProgramServicesAmt |
| Management And General | $215,272 | ManagementAndGeneralAmt |
| Fundraising | $68,111 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $696,450 | TotalAmt |
| Program Services | $485,403 | ProgramServicesAmt |
| Management And General | $174,186 | ManagementAndGeneralAmt |
| Fundraising | $36,861 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,539 | TotalAmt |
| Management And General | $158,539 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,023 | TotalAmt |
| Management And General | $117,023 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,345,021 | TotalAmt |
| Program Services | $954,231 | ProgramServicesAmt |
| Management And General | $299,945 | ManagementAndGeneralAmt |
| Fundraising | $90,845 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,661 | TotalAmt |
| Program Services | $15,294 | ProgramServicesAmt |
| Management And General | $97,780 | ManagementAndGeneralAmt |
| Fundraising | $37,587 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $932,600 | TotalAmt |
| Program Services | $430,683 | ProgramServicesAmt |
| Management And General | $463,782 | ManagementAndGeneralAmt |
| Fundraising | $38,135 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,015 | TotalAmt |
| Program Services | $21,925 | ProgramServicesAmt |
| Management And General | $65,536 | ManagementAndGeneralAmt |
| Fundraising | $31,554 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,006,172 | TotalAmt |
| Program Services | $909,884 | ProgramServicesAmt |
| Management And General | $90,776 | ManagementAndGeneralAmt |
| Fundraising | $5,512 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,611 | TotalAmt |
| Program Services | $96,252 | ProgramServicesAmt |
| Management And General | $101,001 | ManagementAndGeneralAmt |
| Fundraising | $55,358 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,735 | TotalAmt |
| Program Services | $8,996 | ProgramServicesAmt |
| Management And General | $4,580 | ManagementAndGeneralAmt |
| Fundraising | $1,159 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $510,841 | TotalAmt |
| Program Services | $510,841 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,696,477 | TotalAmt |
| Program Services | $4,180,149 | ProgramServicesAmt |
| Management And General | $486,770 | ManagementAndGeneralAmt |
| Fundraising | $29,558 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,359 | TotalAmt |
| Program Services | $206,923 | ProgramServicesAmt |
| Management And General | $120,290 | ManagementAndGeneralAmt |
| Fundraising | $1,146 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD SERVICES | $1,922,360 | $1,922,360 | ||
| REPAIRS AND MAINTENANCE | $826,933 | $737,176 | $83,835 | $5,922 |
| SECURITY | $263,447 | $235,066 | $26,756 | $1,625 |
| DUES & SUBSCRIPTIONS | $88,493 | $19,203 | $31,818 | $37,472 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,017,652 | TotalAmt |
| Program Services | $860,129 | ProgramServicesAmt |
| Management And General | $68,763 | ManagementAndGeneralAmt |
| Fundraising | $88,760 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,127,639 | TotalAmt |
| Program Services | $26,050,778 | ProgramServicesAmt |
| Management And General | $4,715,186 | ManagementAndGeneralAmt |
| Fundraising | $1,361,675 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,753 | BOYAmt |
| EOY | $70,316 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,951,881 | BOYAmt |
| EOY | $37,266,503 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,528,785 | BOYAmt |
| EOY | $32,015,813 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $649,664 | BOYAmt |
| EOY | $520,667 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,507 | BOYAmt |
| EOY | $33,963 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $339,653 | BOYAmt |
| EOY | $405,683 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $173,729,972 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $60,368,320 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,242,984 | BOYAmt |
| EOY | $113,361,652 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,077,077 | BOYAmt |
| EOY | $44,960,715 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,129 | BOYAmt |
| EOY | $60,004 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,929,433 | BOYAmt |
| EOY | $228,695,316 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,228,845 | BOYAmt |
| EOY | $3,080,975 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,291,490 | BOYAmt |
| EOY | $18,990,889 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,907,967 | BOYAmt |
| EOY | $17,092,150 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,541 | BOYAmt |
| EOY | $125,041 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,649 | BOYAmt |
| EOY | $68,081 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,144 | BOYAmt |
| EOY | $101,180 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,789,636 | BOYAmt |
| EOY | $39,458,316 | 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 | $113,470,865 | BOYAmt |
| EOY | $116,329,491 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,668,932 | BOYAmt |
| EOY | $72,907,509 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,139,797 | BOYAmt |
| EOY | $189,237,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,929,433 | BOYAmt |
| EOY | $228,695,316 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $23,033,573 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$6,929,260 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$7,110 | 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) |
|---|---|---|
| School | Yes (X) | SchoolInd |
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 | $500 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $500 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | CUSHING ACADEMY IS A MEMBER OF THE MASSACHUSETTS ASSOCIATION OF NONPROFIT SCHOOLS AND COLLEGES (MANS&C), WHICH PARTICIPATES IN LOBBYING EFFORTS ON BEHALF OF ITS MEMBERS. THE $500 IS THE ANNUAL MEMBERSHIP FEE FOR THE 2021-2022 FISCAL YEAR. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,231,320 | BeginningYearBalanceAmt |
| Contributions | $1,148,181 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,078,396 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $569,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $728,000 | OtherExpendituresAmt |
| End Year Balance | $39,004,105 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,112,698 | BeginningYearBalanceAmt |
| Contributions | $150 | ContributionsAmt |
| Investment Earnings Or Losses | $10,332,788 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $543,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $671,316 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $45,231,320 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,030,558 | BeginningYearBalanceAmt |
| Contributions | $1,394,331 | ContributionsAmt |
| Investment Earnings Or Losses | $803,929 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $520,120 | GrantsOrScholarshipsAmt |
| Other Expenditures | $596,000 | OtherExpendituresAmt |
| End Year Balance | $36,112,698 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,855,320 | BeginningYearBalanceAmt |
| Contributions | $1,903,960 | ContributionsAmt |
| Investment Earnings Or Losses | $2,065,146 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $541,500 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,252,368 | OtherExpendituresAmt |
| End Year Balance | $35,030,558 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,635,625 | BeginningYearBalanceAmt |
| Contributions | $1,150,022 | ContributionsAmt |
| Investment Earnings Or Losses | $2,783,326 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $625,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,088,653 | OtherExpendituresAmt |
| End Year Balance | $32,855,320 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.40335 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.59665 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,028,147 | OtherCostOrOtherBasisAmt |
| Book Value | $8,028,147 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $142,328,729 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,621,719 | DepreciationAmt |
| Book Value | $98,707,010 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,256,645 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,746,601 | DepreciationAmt |
| Book Value | $2,510,044 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,116,451 | OtherCostOrOtherBasisAmt |
| Book Value | $4,116,451 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $113,361,652 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BOND FUNDS | $9,699,699 | F |
| PRIVATE EQUITY | $149,912 | F |
| EQUITY FUNDS | $32,649,219 | F |
| MONEY MARKETS | $2,461,885 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $44,960,715 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHARITABLE GIFT ANNUITY OBLIGATION | Desc |
| Amt | $101,180 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $101,180 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $42,328,419 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$6,929,260 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$6,181,329 | OtherRevenueAmt |
| Revenue Not Reported | -$13,110,589 | RevenueNotReportedAmt |
| Revenue Subtotal | $55,439,008 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$277,796 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$277,796 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $55,161,212 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $26,231,216 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $277,796 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $277,796 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,953,420 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $6,174,219 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $6,174,219 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $32,127,639 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | TO PROVIDE FINANCIAL GRANTS/SCHOLARSHIPS FOR QUALIFYING STUDENTS AND TO PROVIDE FUNDING FOR GENERAL EDUCATIONAL PROGRAMS IN ACCORDANCE WITH DONORS' DIRECTIVES. |
| PART X, LINE 2: | THE ACADEMY FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2022 AND 2021. THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE UNITED STATES FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2019. THE ACADEMY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF INCOME TAX EXPENSE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -6,174,219. CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS -7,110. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | COSTS OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -253,242. SPECIAL EVENTS EXPENSE INCLUDED IN FORM 990, PART VIII, LINE 8B -24,554. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COSTS OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 253,242. SPECIAL EVENTS EXPENSE INCLUDED IN FORM 990, PART VIII, LINE 8B 24,554. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 6,174,219. |
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 | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | EXPLANATION OF NONDISCRIMINATION POLICY: THE ACADEMY PUBLICIZES ITS NONDISCRIMINATION POLICY ON ALL ADMISSION/MARKETING MATERIAL. IN ADDITION, AISNE (ASSOCIATION INDEPENDENT SCHOOL OF NEW ENGLAND) PLACES SEVERAL ADVERTISEMENTS IN NEW ENGLAND AREA PERIODICALS STATING ITS MEMBERS' NONDISCRIMINATION POLICY AND LISTING EACH SCHOOL BY NAME. |
| SCHEDULE E, PART I, LINE 6 | DURING THE YEAR ENDED JUNE 30, 2022, THE ACADEMY CLAIMED AN EMPLOYEE RETENTION TAX CREDIT (ERTC) IN THE AMOUNT OF $1,541,063 AS PART OF THE CARES ACT. THE PURPOSE OF THE ERTC IS TO GIVE EMPLOYERS A REFUNDABLE TAX CREDIT THAT EQUALS 50% OF THE QUALIFIED WAGES THE EMPLOYER PAYS TO EMPLOYEES AFTER MARCH 12, 2020, AND BEFORE JANUARY 1, 2021. TO CLAIM THE CREDIT, EMPLOYERS MUST HAVE EXPERIENCED ECONOMIC HARDSHIP DUE TO A FULL OR PARTIAL SUSPENSION OF OPERATIONS DUE TO COVID-19, OR A SIGNIFICANT DECREASE IN GROSS CASH RECEIPTS. THE ACADEMY HAS RECORDED THE TOTAL ERTC REFUND AMOUNT AS A COMPONENT OF NON-OPERATING ACTIVITIES ON THE ACCOMPANYING STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2022. AS THE ERTC BALANCE HAS NOT YET BEEN REFUNDED TO THE ACADEMY AS OF JUNE 30, 2022, THE BALANCE IS PRESENTED AS A RECEIVABLE ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. MANAGEMENT EXPECTS THE REFUND TO BE RECEIVED IN FULL DURING THE YEAR ENDING JUNE 30, 2023. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF OUTING | Event1Nm |
| Gross Receipts Event1 | $94,035 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $67,402 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $26,633 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $20,402 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $4,152 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $94,035 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $67,402 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $26,633 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $20,402 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,152 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $24,554 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $2,079 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 117 | RecipientCnt |
| Non Cash Assistance | $6,174,219 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK | ValuationMethodUsedDesc |
| Non Cash Assistance | ALL GRANTS ARE FOR FINANCIAL ASSISTANCE TO ATTEND CUSHING ACADEMY. | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS ARE BASED ON FINANCIAL NEED. THE ACADEMY UTILIZES THE SERVICES OF A THIRD PARTY TO ANALYZE THE APPLICANT'S FINANCES TO DETERMINE THE ESTIMATED FAMILY CONTRIBUTION. THE FINANCIAL AID COMMITTEE MAINTAINS ALL RECORDS REGARDING THE SELECTING AND AWARDING OF GRANTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RANDY BERTIN | ||||||||||||||
| TRUSTEE, HEAD OF SCHOOL | $343,709 | $0 | $20,000 | $0 | $374 | $0 | $54,121 | $0 | $48,454 | $0 | $466,658 | $0 | $0 | $0 |
| CATHERINE POLLOCK | ||||||||||||||
| ASSOCIATE HEAD OF SCHOOL | $210,191 | $0 | $10,000 | $0 | $832 | $0 | $22,597 | $0 | $38,347 | $0 | $281,967 | $0 | $0 | $0 |
| PAUL SILVA | ||||||||||||||
| CFO | $244,686 | $0 | $10,000 | $0 | $957 | $0 | $17,530 | $0 | $2,040 | $0 | $275,213 | $0 | $0 | $0 |
| EDWARD KIRK | ||||||||||||||
| DIR. MASTER PLANNING/ENGINEERING | $151,687 | $0 | $0 | $0 | $867 | $0 | $9,690 | $0 | $24,724 | $0 | $186,968 | $0 | $0 | $0 |
| JENNIFER VIANA | ||||||||||||||
| DIRECTOR OF ATHLETICS | $112,243 | $0 | $0 | $0 | $128 | $0 | $9,063 | $0 | $31,181 | $0 | $152,615 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | DUE TO THE RESIDENTIAL NATURE OF THE SCHOOL, CERTAIN EMPLOYEES, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, RECEIVE ON-CAMPUS HOUSING. THE HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, AND DIRECTOR OF ATHLETICS. THIS BENEFIT IS NONTAXABLE TO THE NOTED EMPLOYEES AND ARE REPORTED UNDER FORM 990, PART VII, COL. F AND SCH. J, PART II, COL. D. |
| PART I, LINE 1B | THE ACADEMY HAS A POLICY FOR ON-CAMPUS HOUSING. |
| PART I, LINE 4B | CUSHING ACADEMY HAS ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR THE HEAD OF SCHOOL. THE ORGANZATION ON THE LAST DAY OF EACH FISCAL YEAR DURING THE INITIAL TERM OF THIS AGREEMENT (WHICH BEGINS JULY 1, 2018 AND ENDS ON JUNE 30, 2023) DURING WHICH DR. BERTIN IS EMPLOYED AS HEAD, THE ACADEMY SHALL CREDIT HIS ACCOUNT UNDER THE SECTION 457(F) PLAN WITH A NOTIONAL CONTRIBUTION. ALL NOTIONAL CONTRIBUTIONS TO THE SECTION 457(F) PLAN SHALL FULLY VEST ON JULY 1, 2023, SUBJECT TO THE HEAD'S CONTINUED EMPLOYMENT THROUGH THE INITIAL TERM (I.E., THROUGH JUNE 30, 2023) BUT WITHOUT REGARD TO WHETHER OR NOT THERE ARE ANY SUCCESSIVE TERMS UNDER THE AGREEMENT. THE AMOUNT THE ORGANIZATION HAS CONTRIBUTED TO THIS SECTION 457(F) PLAN IN CALENDAR YEAR 2021 IS $20,000 AND IT IS REPORTED IN PART II, COLUMN (C). |
| PART I, LINE 7 | THE HEAD OF SCHOOL'S BONUS IS PURSUANT TO HIS EMPLOYMENT CONTRACT WITH THE FINAL BONUS AMOUNT DETERMINED AT THE BOARD'S DISCRETION EACH YEAR. THE BONUS FOR CFO & ASSOCIATE HEAD OF SCHOOL IS DETERMINED AT THE DISCRETION OF THE BOARD. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 57583F4G3 | CUSIPNum |
| Bond Issued | 2019-05-01 | BondIssuedDt |
| Issue Price | $19,200,000 | IssuePriceAmt |
| Purpose | REFINANCE SERIES 2004 | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,375,053 | RetiredAmt |
| Total Proceeds | $19,200,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $199,750 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $25,701,764 | CapitalExpendituresAmt |
| Other Spent Proceeds | $19,000,250 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART II, LINE 11: | FormAndLineReferenceDesc |
| Explanation | OTHER SPENT PROCEEDS INCLUDE $18,253,170 USED TO REDEEM THE SERIES 2004 BONDS, $47,080 TO PAY THE ISSUER'S ADMINISTRATIVE FEE AND $700,000 TO PAY A SWAP TERMINATION FEE RELATING TO THE SERIES 2004 BONDS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1156 | ContributionCnt |
| Noncash Contributions Rpt F990 | $151,881 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | HOCKEY SKATE SHARPENER & MISC. | Desc |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,625 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT. IN ADDITION TO THE REVIEW BY SENIOR MANAGEMENT, A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BODY FOR REVIEW PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, KEY EMPLOYEES AND ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO COMPLETE AN ANNUAL DISCLOSURE AND CONFLICT OF INTEREST FORM. IF ANY CONFLICT EXISTS, THE BOARD MEMBERS AND EMPLOYEES ARE NOT ALLOWED INPUT ON ISSUES THAT WOULD RAISE THE CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD PERIODICALLY CONTRACTS WITH CONSULTANTS THAT REVIEW PEER SCHOOLS 990'S, CONDUCT SURVEYS, REVIEWS OTHER PUBLIC INFORMATION AND REPORT THEIR FINDING TO THE BOARD. THIS REVIEW WAS LAST PERFORMED IN FALL OF 2021. IN THE INTERIM YEARS THE COMPENSATION COMMITTEE (AN AD HOC COMMITTEE OF THE BOARD) REVIEWS PEER SCHOOLS 990'S AND OTHER AVAILABLE DATA. |
| 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 FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENT -7,110. |