2023-05-15T10:42:54-05:00 2022-06-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2021-07-01 042104328 COTTING SCHOOL INC COTT 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 BRIDGET IRISH PRESIDENT/EXECUTIVE DIRECTOR 7818627323 2023-05-11 1 BRIDGET IRISH 999009999 JOSEPH P GREENE P00632697 7813564800 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRIDGET IRISH 453 CONCORD AVENUE LEXINGTON MA 02421 26802914 0 X WWW.COTTING.ORG X 1893 MA TO EDUCATE CHILDREN AND ADULTS WHO HAVE PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING. 15 14 199 14 0 0 2400735 2115532 11398052 11451764 3205734 6043676 297658 555416 17302179 20166388 0 0 0 0 11830335 13338731 0 0 530517 2442087 3431665 14272422 16770396 3029757 3395992 147947033 131756688 16679126 15629958 131267907 116126730 TO ENABLE STUDENTS WITH SPECIAL NEEDS TO ACHIEVE THEIR HIGHEST LEARNING POTENTIAL AND LEVEL OF INDEPENDENCE. 0 0 12744332 12286775 DAY/SUMMER PROGRAM - COMPREHENSIVE PRIMARY, MIDDLE, UPPER AND POST GRADUATE EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUNG ADULTS WHO HAVE VARIED PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING. APPROXIMATELY 110 CLIENTS SERVED. 516747 471915 CONSULTING AND OUTREACH - PROVIDES TECHNOLOGY-FOCUSED ASSESSMENT, CONSULTATION AND PROFESSIONAL DEVELOPMENT TO IMPROVE CURRICULUM ACCESS AND FUNCTIONAL INDEPENDENCE TO STUDENTS WITH A WIDE RANGE OF PHYSICAL, COMMUNICATION, AND LEARNING DISABILITIES AND COMPLEX MEDICAL CONDITIONS. APPROXIMATELY 170 CLIENTS SERVED. 614913 348872 HOPEHOUSE- PROVIDES ACADEMIC, VOCATIONAL AND COMMUNITY EXPERIENCES TO INDIVIDUALS AGES 17-22 IN A 180 DAY BOARDING SCHOOL ENVIRONMENT. APPROXIMATELY 3 CLIENTS SERVED. 13875992 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 21 0 199 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ANDREA SZEKELY-HILL 7818627323 453 CONCORD AVENUE LEXINGTON MA 02421 DAVID W MANZO PRES./EXEC. DIR. THRU 8/2021 45.00 X X 337894 0 50170 BRIDGET IRISH PRES./EXEC. DIR. BEG 9/2021 45.00 X X 294180 0 15933 MICHAEL K DURKIN CHAIRMAN 1.00 X X 0 0 0 ALEXANDER THORNDIKE TREASURER 1.00 X X 0 0 0 LORI CAMPANA SECRETARY 1.00 X X 0 0 0 JULIE W BENNETT TRUSTEE 1.00 X 0 0 0 TIMOTHY J CONNELLY TRUSTEE 1.00 X 0 0 0 PATRICK B DOWNES PSYD TRUSTEE 1.00 X 0 0 0 JOHN F DRAKE TRUSTEE 1.00 X 0 0 0 RICHARD C KEELEY TRUSTEE 1.00 X 0 0 0 KATHERINE MARTIEN-SULLIVAN MD TRUSTEE 1.00 X 0 0 0 MAKEEBA MCCREARY TRUSTEE 1.00 X 0 0 0 CHARLES S MORRISON II TRUSTEE 1.00 X 0 0 0 STUART A RANDLE TRUSTEE 1.00 X 0 0 0 JOAN I THORNDIKE TRUSTEE 1.00 X 0 0 0 JENNIFER ST HILL TRUSTEE 1.00 X 0 0 0 MICHAEL PEMBROKE CFO THRU 6/2022 40.00 X 180998 0 37618 ELIZABETH PETERS DIRECTOR OF ANNUAL GIVING 45.00 X 167497 0 18298 KAREN WADDILL PROGRAM DIRECTOR 40.00 X 144504 0 17808 LEAH THIBODEAU SPECIAL EDUCATION DIRECTOR 40.00 X 132109 0 29120 VIRGINA BIRMINGHAM PT TEAM LEAD 40.00 X 127341 0 22164 DANIEL CUDDY PE AND COORD. OF SUPP. SVCS 40.00 X 107267 0 12796 1491790 0 203907 9 0 1 0 ERLAND CONSTRUCTION INC 71 THIRD AVENUE BURLINGTON MA 01803 CONSTRUCTION CONTRACTOR 9530764 ARCHITECTURAL RESOURCES CAMBRIDGE 501 BOYLSTON STREET 4101 BOSTON MA 02116 DESIGN CONSULTANT 276953 CLEANCO MAINTENANCE 318 BEAR HILL ROAD SUITE 8 WALTHAM MA 02451 CLEANING SERVICES 149298 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 AUDIT/CONSULTING 124222 WILLIAM C NARDONE 100 WINCHESTER STREET MEDFORD MA 02155 SNOW REMOVAL/LANDSCAPE 101274 5 1183883 931649 2115532 TUITION 611710 11451764 11451764 11451764 1421273 1421273 11258929 6636526 4622403 4622403 4622403 OTHER INCOME 611710 555416 555416 555416 20166388 12007180 0 6043676 587346 559060 28286 9912570 8954017 661847 296706 594401 538707 53302 2392 1351323 1262742 65179 23402 893091 765937 97372 29782 144167 144167 5418 5418 56000 56000 254259 160428 35646 58185 1311206 1111272 179020 20914 67323 63788 2759 776 644282 604513 32747 7022 51917 51917 MISC. PROG./ADMIN EXP. 463478 42034 413755 7689 MEALS 183241 175644 5698 1899 PROG. SUPPLIES AND MAT. 126445 126445 PROGRAM SUPPORT 123929 70465 53464 16770396 13875992 2363887 530517 X 1935593 2650787 77217 782 1048001 477896 626023 476628 58600 50684 37099380 15122720 17249700 21976660 103144027 90246327 10193312 8441101 13614560 7435823 147947033 131756688 2184630 1688729 61972 58298 9940774 9946697 4491750 3936234 16679126 15629958 X 101808925 98253775 29458982 17872955 131267907 116126730 147947033 131756688 X 3395992 -19005736 468567 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 15 4.00 1 0 2.00 110840361 -12109438 -2560000 96170923 88614332 26726029 -4500000 110840361 94176343 -1662011 -3900000 88614332 94439740 4000 4835209 -5102606 94176343 89832975 7256765 -2650000 94439740 0.87120 0.07060 0.05820 0 0 1614791 1614791 33629097 13783613 19845484 1855492 1339107 516385 21976660 PARTNERSHIPS AND JOINT VENTURES 8441101 F 8441101 ACCRUED INVESTMENT INCOME 37183 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 2297014 BENEFICIAL INTEREST IN REMAINDER TRUST 1125798 CONSTRUCTION ESCROW 3975828 7435823 LONG-TERM ACCRUED POST RETIREMENT BENEFITS 3619760 LONG-TERM ACCRUED DEFERRED COMPENSATION 316474 3936234 18126421 468567 468567 17657854 2508534 2508534 20166388 33267598 16497202 16497202 16770396 0 16770396 PART II, LINE 9: THERE ARE NO APPLICABLE AMOUNTS IN CONNECTION WITH THE ORGANIZATION'S EASEMENTS THAT ARE REQUIRED TO BE REPORTED IN ITS FINANCIAL STATEMENTS. PART V, LINE 4: TO FURTHER ENHANCE THE EDUCATIONAL MISSION OF THE ORGANIZATION AND PROVIDE FOR LONG TERM STABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: NON-OPERATING POSTRETIREMENT BENEFIT PLAN GAIN 468,567. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT GAINS 2,508,534. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT LOSSES 16,497,202. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENT IN LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION CONTRACTS WITH LOCAL EDUCATIONAL AUTHORITIES BOTH WITHIN AND OUTSIDE MASSACHUSETTS TO PROVIDE EDUCATIONAL TRAINING TO STUDENTS WITH SPECIAL NEEDS. SEE FORM 990, PART III FOR DESCRIPTION OF SERVICES. DURING THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION RECEIVED GRANTS TOTALING $1,183,883 FROM THE MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION TO REIMBURSE FOR VARIOUS COSTS INCURRED AS A RESULT OF COVID-19. THESE FUNDS WERE RECEIVED IN FEBRUARY 2022 AND APRIL 2022. X X X X 0 0 0 0 0 0 0 0 0 DAVID W MANZO PRES./EXEC. DIR. THRU 8/2021 337894 0 0 0 0 0 37895 0 12275 0 388064 0 0 0 BRIDGET IRISH PRES./EXEC. DIR. BEG 9/2021 294180 0 0 0 0 0 14467 0 1466 0 310113 0 0 0 MICHAEL PEMBROKE CFO THRU 6/2022 180998 0 0 0 0 0 21377 0 16241 0 218616 0 0 0 ELIZABETH PETERS DIRECTOR OF ANNUAL GIVING 167497 0 0 0 0 0 9466 0 8832 0 185795 0 0 0 KAREN WADDILL PROGRAM DIRECTOR 144504 0 0 0 0 0 11620 0 6188 0 162312 0 0 0 LEAH THIBODEAU SPECIAL EDUCATION DIRECTOR 132109 0 0 0 0 0 15058 0 14062 0 161229 0 0 0 DAVID MANZO MR. MANZO IS THE FORMER PRESIDENT AND EXECTIVE DIRECTOR OF COTTING SCHOOL. 144167 DAVID MANZO PROVIDED CONSULTING SERVICES TO COTTING SCHOOL DURING THE YEAR ENDED JUNE 30, 2022. 0 FORM 990, PART VI, SECTION A, LINE 2 JOAN THORNDIKE AND ALEXANDER THORNDIKE HAVE A FAMILY RELATIONSHIP AND ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT/EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER AND BOARD OF TRUSTEES REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD OF TRUSTEES USES A COMPETENT SALARY SURVEY, SUCH AS GUIDESTAR, TO COMPARE COMPENSATION FOR THE PRESIDENT OF THE ORGANIZATION WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. THE CHAIRMAN MAY ALSO SOLICIT INPUT FROM OTHER TRUSTEES, OR CONVENE A COMPENSATION COMMITTEE REGARDING THE PRESIDENT'S PERFORMANCE AND COMPENSATION. THE CHAIRMAN WILL THEN PRESENT HIS/HER FINDINGS AND RECOMMENDATIONS IN AN EXECUTIVE SESSION, WITHOUT THE PRESIDENT PRESENT, TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE FULL BOARD WILL DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF THE PRESIDENT'S COMPENSATION. THE PRESIDENT AND THE BOARD AGREED TO A 2-YEAR CONTRACT. AS A RESULT, THERE WAS NO SUCH DISCUSSION DURING FY2022. IT IS THE RESPONSIBILITY OF THE PRESIDENT TO PROPOSE COMPENSATION OF SENIOR MANAGEMENT EMPLOYEES IN ACCORDANCE WITH THE BUDGET APPROVED BY THE BOARD OF TRUSTEES. ANNUALLY, THE PRESIDENT, IN EXECUTIVE SESSION OF THE FULL BOARD, WILL PROPOSE HER ADJUSTMENTS TO THE COMPENSATION OF SENIOR MANAGEMENT, ALONG WITH A PRESENTATION OF A COMPETENT SALARY SURVEY, SUCH AS GUIDESTAR, TO DEVELOP BENCHMARK COMPENSATION FOR SENIOR MANAGEMENT. COMPENSATION FOR SENIOR MANAGEMENT WILL BE COMPARED WITH SIMILAR POSITIONS OF OTHER NON-PROFIT SCHOOLS SERVING CHILDREN WITH SPECIAL NEEDS, OR OTHER LEADING NON-PROFIT ORGANIZATIONS. UTILIZING THIS INFORMATION, THE BOARD OF TRUSTEES WILL APPROVE THE COMPENSATION OF SENIOR MANAGEMENT AND DOCUMENT ITS DELIBERATION, DECISION AND PROCESS USED IN CONNECTION WITH ITS APPROVAL OF SENIOR MANAGEMENT'S COMPENSATION. ALL MEMBERS OF THE BOARD OF TRUSTEES SIGNED THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT. NO MEMBERS HAD A CONFLICT WITH THE VOTE ON THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE WEBSITES OF CERTAIN STATE REGULATORY AGENCIES AS WELL AS UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NON-OPERATING POSTRETIREMENT BENEFIT PLAN GAIN 468,567.