2025-05-12T10:21:44-05:00 2024-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-07-01 042103751 BUCKINGHAM BROWNE & NICHOLS SCHOOL BUCK 6175476100 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 TARA GOHLMANN COO/CFO 6175476100 2025-05-09 1 0 LYNNE JOHNSON P00757336 6179129000 2025-05-06 2023 2025-03-06 01:10:19Z DR JENNIFER PRICE 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 83023752 0 X WWW.BBNS.ORG X 1883 MA SEE SCHEDULE O 31 29 564 100 116637 0 5472359 7061984 57901523 61870753 1448596 2034152 0 140425 64822478 71107314 10743092 11161803 0 0 39557253 40605090 0 0 2555957 17479834 18325703 67780179 70092596 -2957701 1014718 258855797 271384801 85154018 88044630 173701779 183340171 X SEE SCHEDULE O 0 0 57817732 11161803 58969007 BUCKINGHAM BROWNE & NICHOLS SCHOOL (BB&N) IS A PREK-12 INDEPENDENT DAY SCHOOL IN CAMBRIDGE, MASSACHUSETTS, ENROLLING 1,038 STUDENTS WHO RESIDE IN 95 DIFFERENT TOWNS AND CITIES ACROSS THE GREATER BOSTON REGION. BB&N IS AN ACADEMICALLY EXCELLENT, DIVERSE, AND INCLUSIVE COMMUNITY WHERE STUDENTS DEVELOP INTO LIFELONG LEARNERS WHO LEAD WITH KINDNESS, CURIOSITY, AND INTEGRITY. WE PREPARE STUDENTS TO BE RESPONSIBLE AND OPEN-MINDED AS THEY ENGAGE WITH THE WORLD AROUND THEM. OUR COMMUNITY IS UNIFIED THROUGH FOUR CORE VALUES: INQUIRY, THROUGH WHICH WE PROMOTE CURIOSITY AND CRITICAL THINKING TO INSPIRE A LIFELONG LOVE OF LEARNING; INTEGRITY, THROUGH WHICH WE STRIVE TO BE HONEST, CONSCIENTIOUS, AND ACCOUNTABLE IN OUR ACTIONS EVEN WHEN NO ONE IS WATCHING; BELONGING, THROUGH WHICH WE FOSTER A CULTURE OF RESPECT, WELL-BEING, AND CONNECTION THAT VALUES ALL INDIVIDUALS AND EMPOWERS THEM TO DISCOVER AND BE THEIR AUTHENTIC SELVES; AND KINDNESS, THROUGH WHICH WE STRENGTHEN OUR COMMUNITIES BY RECOGNIZING OUR COMMON HUMANITY AND TREATING OURSELVES AND OTHERS WITH RESPECT AND COMPASSION. 1832659 0 2873239 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. 59650391 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 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 123 0 1 564 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 29 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 30 GERRYS LANDING ROAD CAMBRIDGE MA 02138 DR JENNIFER P PRICE HEAD OF SCHOOL 40.00 X X 560652 0 142941 AMY SELINGER FACULTY TRUSTEE 40.00 X 138748 0 58450 BUNMI ADEKORE TRUSTEE (AS OF 07/20/2023) 1.00 X 0 0 0 JAKE ANDERSON-BIALIS 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 W ASHFORD 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 DAVID J DEMING TRUSTEE 1.00 X 0 0 0 ABBY FUNG TRUSTEE 1.00 X 0 0 0 CHRISTINE KAHVEJIAN TRUSTEE 1.00 X 0 0 0 RACHEL KRONER HANSELMAN TRUSTEE 1.00 X 0 0 0 LIONEL HARRIS TRUSTEE 1.00 X 0 0 0 JEFF HAWKINS TRUSTEE 1.00 X 0 0 0 YOUNG LEE TRUSTEE 1.00 X 0 0 0 BRIDGET LONG 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 JAY SAMMONS TRUSTEE 1.00 X 0 0 0 ARIANE SCHWARTZ TRUSTEE 1.00 X 0 0 0 ILA SHAH TRUSTEE 1.00 X 0 0 0 ZEYNEP TON TRUSTEE 1.00 X 0 0 0 DARIN VEST TRUSTEE (AS OF 12/21/2023) 1.00 X 0 0 0 ALIX WOZNIAK 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 422216 0 89250 JED LIPPARD CHIEF LEARNING OFFICER 40.00 X 266458 0 87918 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 40.00 X 278119 0 57776 JESSICA KEIMOWITZ UPPER SCHOOL DIRECTOR 40.00 X 196257 0 65002 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 40.00 X 192967 0 64759 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 40.00 X 185355 0 64029 KIM GOLD DIRECTOR OF HEALTH SERVICES 40.00 X 183512 0 48218 2424284 0 678343 81 0 1 0 BERKELEY BUILDING COMPANY 248 MAINE STREET SUITE 103 READING MA 01867 BUILDING CONSTRUCTION 1007534 REBECCA'S CULINARY GROUP 85 RANGEWAY ROAD BILLERICA MA 01862 DINING & CATERING SERVICES 730708 ARCH ENERGY 72 SUMNER STREET MILFORD MA 01757 ENERGY & INFRASTRUCTURE 717333 YOUR SPACE LANDSCAPE & CONSTRUCTION 2 BLANCHARD ROAD BURLINGTON MA 01803 LAND AND UTILITY CONSTRUCTION 673108 C & W FACILITY SERVICES 4002 SOLUTIONS CENTER CHICAGO IL 60677 JANITORIAL SERVICES 613722 18 7061984 765787 7061984 STUDENT TUITION 611600 58293832 58293832 SUMMER & OTHER TUITION 611710 2873239 2873239 TRANSPORTATION INCOME 480000 625450 625450 RENTAL REVENUE 532000 78232 9325 68907 61870753 492798 47730 445068 13457792 11663300 253138 1794492 -253138 1541354 1541354 REIMBURSEMENTS 900099 37312 37312 GRAD INTERN PROGRAM 900099 33400 33400 GLOBAL ONLINE TEACHER 900099 7000 7000 62713 62713 140425 71107314 61842246 116637 2086447 11161803 11161803 1861730 587658 1274072 29498139 26335127 1710894 1452118 2696304 2406996 155882 133426 4327494 3829762 286511 211221 2221423 1919062 198371 103990 221832 221832 122205 122205 1005992 1005992 4508417 3403270 933773 171374 78081 77632 449 245258 94065 92717 58476 1057298 937823 66610 52865 2046211 1946077 92281 7853 662992 585674 49531 27787 744842 359280 276010 109552 750002 750002 3609481 3425397 169646 14438 372307 43342 328965 SUPPLIES 925253 868897 41987 14369 FOOD 630195 492952 18665 118578 BOOKS & DUES 593113 524707 55060 13346 EQUIPMENT/RENTAL/MAINTE 500890 451876 14268 34746 251334 198991 20525 31818 70092596 59650391 7886248 2555957 4553235 536358 3813470 16449416 4104995 3027350 27211911 28998121 435254 413144 181748616 58107415 124489566 123641201 3660944 3828931 89836449 93839406 749973 650874 258855797 271384801 5660891 6307457 49519778 52501882 29410451 28706503 562898 528788 85154018 88044630 X 94964880 97938398 78736899 85401773 173701779 183340171 258855797 271384801 X 1014718 8603979 19695 X 0 1 X 1 0 X 5644611 14253896 12164564 5472359 7061984 44597414 5644611 14253896 12164564 5472359 7061984 44597414 1099580 43497834 817303 3404876 -25964 11758 445068 4653041 0 0 231555 0 0 231555 100025 100025 49582035 274588493 0.87730 0.85930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 167.00 1 1 80.00 0 1 97313343 379044 9505675 4148475 103049587 95316385 373081 5609548 3985671 97313343 112471722 1314719 -14907628 3562428 95316385 82360609 3608126 29857792 3354805 112471722 81386804 1789677 2494143 3310015 82360609 0.29600 0.49960 0.20440 0 0 57750488 57750488 109807155 49243719 60563436 9981113 8863696 1117417 4209860 4209860 123641201 GLOBAL EQUITY FUNDS 16591850 F EMERGING MARKETS EQUITY FUNDS 3735200 F U.S. EQUITY FUNDS 15374589 F MULTISTRATEGY FUNDS 20043574 F NONMARKETABLE FUNDS 38094193 F 93839406 ENROLLMENT DEPOSITS 16067 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 137599 LEASE LIABILITY - OPERATING 375122 528788 X 67563193 8603979 -12148100 -3544121 71107314 0 71107314 57924801 0 57924801 1005992 11161803 12167795 70092596 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: AMORTIZATION OF ANNUITY DISCOUNTS 19,695. FINANCIAL AID NETTED WITH REVENUE ON AUDITED F/S -11,161,803. INVESTMENT EXPENSES NETTED WITH INVESTMENT RETURN ON AUDITED F/S -1,005,992. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON AUDITED F/S 11,161,803. 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 54455602 0 0 0 0 0 0 54455602 0 54455602 1 0 1 1 1 0 1 FINANCIAL AID 251 11161803 CREDIT TO STUDENT ACCOUNT ALL GRANTS ARE USED FOR FINANCIAL ASSISTANCE 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 APPLIES THE GRANT TO THE TUITION CHARGED. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DR JENNIFER P PRICE HEAD OF SCHOOL 525636 0 30500 0 4516 0 52500 0 90441 0 703593 0 0 0 TARA S GOHLMANN COO/CFO 327232 0 3500 0 91484 0 43844 0 45406 0 511466 0 0 0 JED LIPPARD CHIEF LEARNING OFFICER 257065 0 3500 0 5893 0 42744 0 45174 0 354376 0 0 0 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 263868 0 3500 0 10751 0 27213 0 30563 0 335895 0 0 0 JESSICA KEIMOWITZ UPPER SCHOOL DIRECTOR 192270 0 3500 0 487 0 20323 0 44679 0 261259 0 0 0 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 182323 0 9900 0 744 0 19353 0 45406 0 257726 0 0 0 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 175018 0 9900 0 437 0 18623 0 45406 0 249384 0 0 0 KIM GOLD DIRECTOR OF HEALTH SERVICES 161529 0 3500 0 18483 0 17032 0 31186 0 231730 0 0 0 AMY SELINGER FACULTY TRUSTEE 135321 0 2410 0 1017 0 14115 0 44335 0 197198 0 0 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 7 ALL SENIOR LEADERSHIP POSITION BONUSES ARE PERFORMANCE-BASED AND APPROVED BY THE BOARD UPON ANNUAL REVIEW. ALL OTHER LISTED EMPLOYEES RECEIVE BONUSES BASED ON COLLECTIVE FUNDRAISING AND SPREAD OUT AMONG THE SCHOOLS EMPLOYEES. A MASS DEVELOPMENT FINANCE ACADEMY 043431814 000000000 2011-12-19 15000000 REFUND 2006 BOND ISSUE 0 0 0 B MASS DEVELOPMENT FINANCE ACADEMY 043431814 000000000 2021-01-13 20375000 SEE PART VI 0 0 0 A 6250000 15000000 236123 14763877 2011 1 0 1 1 B 261497 20375000 20375000 2022 0 0 1 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 33 765787 FMV 0 0 1 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 FORM 990 AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. AFTER APPROVAL BY THE AUDIT COMMITTEE, AND PRIOR TO FILING, A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS. 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 CANDID (FORMERLY KNOWN AS GUIDESTAR) AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: AMORTIZATION OF ANNUITY DISCOUNTS 19,695.