2023-11-14T15:01:58-06:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 4th Floor Manchester NH 03101 990 2022-07-01 020223317 Brewster Academy BREW 6035697105 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine Chairman 6035697105 2023-11-14 1 Roy Ballentine 999009999 1 Melissa Magoon CPA P01712842 6036697337 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kristy Kerin 80 Academy Drive Wolfeboro NH 03894 40470410 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 25 25 246 25 89401 0 6504714 7126246 26181572 25637506 -47648 678152 287053 323739 32925691 33765643 6299925 6341356 0 0 13062172 12519524 0 0 1091390 8510187 9658289 27872284 28519169 5053407 5246474 85558593 94737573 27214483 29806160 58344110 64931413 We prepare diverse thinkers for lives of purpose. 0 0 23228612 6341356 24649353 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century.Brewster Academy strives to provide an approach to learning that has the exponential power to transform education, communities, and the lives of students in our care 348705 988153 The Summer Program featured educational programs and conferences during the summer recess, including Royal Thai Scholars. 23577317 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 96 0 1 246 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697105 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine Chairman 3.00 X X 0 0 0 Arthur W Coviello Jr Vice Chairman 3.00 X X 0 0 0 Robert Mueller Treasurer 2.00 X X 0 0 0 Carlos Noble Secretary 2.00 X X 0 0 0 Brian Ballentine Trustee 2.00 X 0 0 0 Richard Blackburn Trustee 2.00 X 0 0 0 Ronn Bronzetti Trustee 2.00 X 0 0 0 Richard Carlson Trustee 2.00 X 0 0 0 Martha Cassidy Trustee 3.00 X 0 0 0 James Curvey Trustee 2.00 X 0 0 0 Scott Curvey Trustee 2.00 X 0 0 0 George J Dohrmann III Trustee 2.00 X 0 0 0 Karen Fix Trustee 2.00 X 0 0 0 Gabrielle Gatta Sloss Trustee 2.00 X 0 0 0 Peter Grayson Trustee 2.00 X 0 0 0 Joan Hill Trustee 2.00 X 0 0 0 Yong Hak Huh Trustee 2.00 X 0 0 0 Ashley Pettus Trustee 2.00 X 0 0 0 Andrew Reyes Trustee 2.00 X 0 0 0 Rev Nancy Spencer Smith Trustee 2.00 X 0 0 0 Steven Webster Trustee 2.00 X 0 0 0 Richard Wood II Trustee 2.00 X 0 0 0 Steven Alperin Past Trustee 2.00 X 0 0 0 Karen Boykin-Towns Past Trustee 2.00 X 0 0 0 Zachary Carlile Past Trustee 2.00 X 0 0 0 Craig Gemmell President 60.00 X 751042 0 133043 Susan Harrington Chief Financial Officer 50.00 X 160492 0 14062 Kristy M Kerin Head of School 60.00 X 394716 0 69233 Ricardo Carreno Asst. Head of School for Global Initiatives 50.00 X 126077 0 18133 Peter Gilligan Chief Technology & Operations Officer 50.00 X 164648 0 42385 Nicholas Wilbur Director of Enrollment Management 50.00 X 157019 0 36081 Tyler Butler Director of Finance & Financial Aid 50.00 X 110290 0 2921 John Northrop Director of Advancement 50.00 X 104536 0 8597 1968820 0 324455 8 0 1 0 Harvey Construction Corporation 10 Harvey Road Bedford NH 03110 General Contractor 3430593 Dewing Schmid Kearns Architects & Planne 30 Monument Square Concord MA 01742 Architectural Design 231373 Dawson's Excavation and Utility Services 80 Route 16B Center Ossipee NH 03814 Excavation Services 165756 Lakes Region Property Care LLC PO Box 585 Wolfeboro Falls NH 03896 Landscaping Services 140465 Omada Technologies LLC 36 Maplewood Avenue Portsmouth NH 03801 Techonology Services 116065 6 1895569 5230677 351873 7126246 Tuition and Fees 611710 23307534 23307534 Summer Programs 611710 988153 929882 58271 Instructional Support 611710 958698 958698 Student Related 611710 336621 336621 Miscellaneous Revenue 611710 46500 15370 31130 25637506 715789 715789 6602631 6603484 36784 -853 -36784 -37637 -37637 84783 64499 20284 20284 Distribution from beneficial trus 900099 303455 303455 303455 33765643 25548105 89401 1001891 12500 12500 6328856 6328856 1522589 1522589 8421282 7298805 546504 575973 479233 431385 14900 32948 1412830 1107343 113192 192295 683590 524601 121278 37711 46874 46874 52200 52200 1680008 1153206 459838 66964 20041 20041 576159 416533 105291 54335 1292674 1275800 8437 8437 618112 497135 78507 42470 491422 429332 62090 2222279 2179683 42596 337029 337029 Food Service 827844 763448 20462 43934 Other Expenses 635689 421928 206255 7506 Maintenance and Equipme 554022 432826 92379 28817 Plant Expenses 303936 303936 28519169 23577317 3850462 1091390 X 1616681 223817 15696442 21735210 575730 316860 659126 634347 53498 59569 245660 296214 77075617 29822366 46198282 47253251 10798873 13283415 326291 326291 388061 1197917 8999949 9410682 85558593 94737573 1437748 2372131 6813108 7456072 17910313 17294785 68905 81494 1271787 984409 1329891 27214483 29806160 X 33422573 36763647 24921537 28167766 58344110 64931413 85558593 94737573 X 5246474 1427736 -86907 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14625251 119685 1587022 866323 15465635 16615942 283336 -1684944 589083 14625251 12170635 1067179 3937351 559223 16615942 12198521 75135 439040 542061 12170635 11940461 93590 789482 625012 12198521 0.00000 0.68416 0.31584 0 0 2285479 2285479 60747463 21988741 38758722 5487071 3831427 1655644 8555604 4002198 4553406 47253251 Deferred Compensation Plans 157503 Beneficial Interest in Perpetual Trust 8173385 Charitable Gift Annuity 325980 Due from Related Party 753814 9410682 Charitable Gift Annuity 285070 Deferred Compensation Payable 157504 Finance Lease 887317 1329891 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Through newspaper, television, and radio advertising, and in school literature. Europe (Including Iceland & Greenland) 0 7 Program Services Trimesters abroad in Spain 232272 Europe (Including Iceland & Greenland) 0 1 Admissions travel and referral fees 50620 East Asia and the Pacific 0 1 Admissions travel and referral fees 24956 Middle East and North Africa 0 1 Admissions travel 10641 0 10 0 0 0 10 318489 0 318489 0 0 0 0 0 0 Part III Accounting Method: Bobcat Open Golf Tournament 42625 42625 18373 3027 Fall Family Weekend Auction 26308 26308 6454 1 15850 15850 9070 10585 7751 9239 84783 84783 27443 10585 7751 18720 64499 20284 1 Friends of Pop Whalen PO Box 1140 Wolfeboro NH 03894 843180575 501(c)(3) 12500 0 Donation to the Pop Whalen Renovation project. 1 0 Financial Aid and Tuition Remission 156 6328856 FMV Brewster Academy provides financial aid to students based on need Part I, Line 2: Grants and Other Assistance to Individuals - The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Brewster monitors the use of grant funds on a regular basis via visits to the receiving organizations. Schedule I, Part III, Line F Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Craig Gemmell President 433925 0 107650 0 209467 0 80350 0 52693 0 884085 0 202267 0 Kristy M Kerin Head of School 276964 0 55802 0 61950 0 40997 0 28236 0 463949 0 0 0 Peter Gilligan Chief Technology & Operations Office 140648 0 0 0 24000 0 12263 0 30122 0 207033 0 0 0 Nicholas Wilbur Director of Enrollment Management 135840 0 21179 0 0 0 9966 0 26115 0 193100 0 0 0 Susan Harrington Chief Financial Officer 148492 0 0 0 12000 0 11419 0 2643 0 174554 0 0 0 Part I, Line 1a Housing was provided to President of Brewster and BAI, Head of School, Director of Enrollment Management, Assistant Head of School for Global Initiatives, and Director of Advancement The Head of School receives a tax gross-up for tuition remission. Part I, Line 4b Craig Gemmell, President, and Kristy Kerin, Head of School, participate in a 457f plan. Brewster Academy contributed $27,000 and $20,000, respectively, on their behalf into the plan. Part I, Line 7 Craig Gemmell, President of Brewster & BAI, Nick Wilbur, Director of Enrollment Management, and Kristy Kerin, Head of School received a bonus during the year based on goals established in their contracts which were met during the prior year. A New Hampshire Health and Education Facilities Authority 020279866 2020-10-28 18872000 To refinance previous bonds and finance routine capital expenditures 0 0 0 A 1404554 18872000 377440 3380702 15113858 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 9 351873 Stock Market Avg Value 0 0 1 0 Form 990, Part VI, Section A, line 2 Roy Ballentine, Board Chair, and Brian Ballentine, Board Trustee, have a family relationship. J. Scott Curvey, Board Trustee, and James Curvey, Board Trustee, have a family relationship. Form 990, Part VI, Section A, line 7a Commonwealth of MA has the right to appoint members of the Brewster Trust, who are members of the Board of Trustees under the Charter. Form 990, Part VI, Section B, line 11b The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c All present Trustees and each new Trustee, prior to taking his/her position on the Board shall submit in writing to the Chairman of the Board a list of all businesses or other organizations of which s/he is an officer, director, trustee, member, owner, shareholder, employee or agent, with which Brewster Academy has, or might reasonably in the future enter into, a relationship or transaction in which the Trustee would have conflicting interests. This disclosure shall be provided by each Board Member to the Chairman of the Board on an annual basis. The Chairman of the Board shall become familiar with the statements of all trustees in order to guide appropriate conduct should a conflict arise. Voting - At such time as any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Trustee shall make known the potential conflict, whether disclosed by his/her written statement or not, and after answering any questions that might be asked of him/her, shall withdraw from the Board meeting for so long as the matter shall continue under discussion. The Conflict of Interest Policy must be signed individually by members of the Board of Trustees, and there is an annual review of the conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. The Board of Trustees also reviewed independent benchmarking studies to determine the salary for the President and Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity -18,503. Change in Value of Beneficial Interest in Perpetual Trust -94,797. Change in Pledge discounting and Allowance for Pledges 26,393. The John Brewster Trust 1550 Worcester Road 607 Framingham MA 01702 046289100 Perpetual Trust NH N/A T -94797 8173385 0.70000 0 BA International LLC 80 Academy Drive Wolfeboro NH 03894 851684404 Educational Services NH Brewster Academy C 269017 43875 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 BA International LLC O 875120 John Brewster Trust S 303455