STRATEGY STUDIO / PUBLIC DATA EXPLORER

PARK SCHOOL CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PARK SCHOOL CORPORATION (EIN 04-2104824)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-13
IRS object ID
202221339349305982
Schema version
2020v4.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-13T13:36:54-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042943536PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TONNESON & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1401 EDGEWATER PLACE SUITE 300AddressLine1Txt
CityWAKEFIELDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP018806208ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042104824EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARK SCHOOL CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARKBusinessNameControlTxt
Phone6172772456PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1171 GODDARD AVENUEAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSARA FLEISSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6172772456PhoneNum
Signature2022-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSARAPersonFirstNm
Person LastFLEISSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCYNTHIA P ALMQUISTPreparerPersonNm
PTINP01309212PTIN
Phone7812459999PhoneNum
Preparation2022-05-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSARA FLEISSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1171 GODDARD AVENUEAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$33,985,444GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PARKSCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1923FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionREFER TO SCHEDULE O, PAGE 67THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION.THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL AND MORAL GROWTH, AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY.PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED.ActivityOrMissionDesc
Voting Members Governing Body24VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee226TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$275,517TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$265,963NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,700,763PYContributionsGrantsAmt
CY Contributions Grants$10,273,259CYContributionsGrantsAmt
PY Program Service Revenue$23,934,293PYProgramServiceRevenueAmt
CY Program Service Revenue$23,119,417CYProgramServiceRevenueAmt
PY Investment Income$32,709PYInvestmentIncomeAmt
CY Investment Income$277,080CYInvestmentIncomeAmt
PY Other Revenue$611,550PYOtherRevenueAmt
CY Other Revenue$236,562CYOtherRevenueAmt
PY Total Revenue$27,279,315PYTotalRevenueAmt
CY Total Revenue$33,906,318CYTotalRevenueAmt
PY Grants And Similar Paid$4,181,136PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,979,808CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$17,094,036PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$17,205,377CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$862,725CYTotalFundraisingExpenseAmt
PY Other Expenses$8,172,411PYOtherExpensesAmt
CY Other Expenses$8,349,087CYOtherExpensesAmt
PY Total Expenses$29,447,583PYTotalExpensesAmt
CY Total Expenses$29,534,272CYTotalExpensesAmt
PY Revenues Less Expenses-$2,168,268PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,372,046CYRevenuesLessExpensesAmt
Total Assets BOY$92,986,927TotalAssetsBOYAmt
Total Assets EOY$111,847,022TotalAssetsEOYAmt
Total Liabilities BOY$26,902,368TotalLiabilitiesBOYAmt
Total Liabilities EOY$26,174,665TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$66,084,559NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$85,672,357NetAssetsOrFundBalancesEOYAmt
MissionREFER TO SCHEDULE O, PAGE 67MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$21,227,130ExpenseAmt
Grant$3,761,550GrantAmt
Revenue$22,547,580RevenueAmt
DescPARK SCHOOL PROVIDES AN EXCEPTIONAL INDEPENDENT EDUCATION TO 550 BOYS AND GIRLS ENROLLED FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,341,948ExpenseAmt
Grant$218,258GrantAmt
Revenue$571,837RevenueAmt
DescSUMMER AND AFTER-SCHOOL PROGRAMS - CREATIVE ARTS AT PARK IS A 5 WEEK CAMP WHERE CHILDREN AGES 7 TO 15 CAN EXPLORE THE FULL RANGE OF VISUAL AND PERFORMING ARTS. SUMMER AT PARK IS AN ACA-ACCREDITED CAMP FOR CHILDREN AGES 4 TO 15. CAMPERS CAN PARTICIPATE IN A WIDE VARIETY OF PROGRAMS OF VARYING DURATION THROUGHOUT THE SUMMER. AFTER-SCHOOL PROGRAMS PROVIDE ENRICHING, EXTENDED SCHOOL HOURS FOR THOSE CHILDEN WHO ENROLL.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Revenue$241,625RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Revenue$241,625TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$22,569,078TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation EasementsYes (1)ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document51IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee226EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KIMBERLY BOYDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6172772456PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1171 GODDARD AVENUEAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JOSEPH ROBBINS
CHAIR5.00Yes (X)Yes (X)$0$0$0
NEELA PAL
VICE CHAIR5.00Yes (X)Yes (X)$0$0$0
SAM WILDERMAN
VICE CHAIR5.00Yes (X)Yes (X)$0$0$0
PETER BARKAN
SECRETARY5.00Yes (X)Yes (X)$0$0$0
NEERAJ AGRAWAL
TRUSTEE3.50Yes (X)$0$0$0
RAHULL BALLAL
TRUSTEE3.50Yes (X)$0$0$0
KATHRENE BELL
TRUSTEE3.50Yes (X)$0$0$0
NICOLE DANFORTH
TRUSTEE3.50Yes (X)$0$0$0
MARK DOLINS
TRUSTEE3.50Yes (X)$0$0$0
SARA FLEISS
TRUSTEE3.50Yes (X)$0$0$0
KEN FRIEZE
TRUSTEE3.50Yes (X)$0$0$0
ABIGAIL GOODMAN
TRUSTEE3.50Yes (X)$0$0$0
MAY HARA
TRUSTEE3.50Yes (X)$0$0$0
ELIZA HOOVER
TRUSTEE3.50Yes (X)$0$0$0
JULIA JOHANNSEN
TRUSTEE3.50Yes (X)$0$0$0
HEETAN KALAN
TRUSTEE3.50Yes (X)$0$0$0
JESSICA LUTZKER
TRUSTEE3.50Yes (X)$0$0$0
TODD MACLEAN
TRUSTEE3.50Yes (X)$0$0$0
LESLEY RYAN MILLER
TRUSTEE3.50Yes (X)$0$0$0
REBECCA NORDHAUS
TRUSTEE3.50Yes (X)$0$0$0
SEAN RAHIM
TRUSTEE3.50Yes (X)$0$0$0
YOUNG JU RHEE
TRUSTEE3.50Yes (X)$0$0$0
MARY SKELTON ROBERTS
TRUSTEE3.50Yes (X)$0$0$0
STEVE SAMUELS
TRUSTEE3.50Yes (X)$0$0$0
ANNA SINAIKO
TRUSTEE3.50Yes (X)$0$0$0
FOLASHADE SOLOMON
TRUSTEE3.50Yes (X)$0$0$0
CHRISTINA VEST
TRUSTEE3.50Yes (X)$0$0$0
GREG WOODS
TRUSTEE3.50Yes (X)$0$0$0
SCOTT YOUNG
HEAD OF SCHOOL40.00$333,144$0$53,831Yes (X)
ERIC CHAPMAN
ASSISTANT HEAD OF SCHOOL FOR ACADEMICS40.00$176,777$0$6,379Yes (X)
KIMBERLY BOYD
ASST HEAD FOR FINANCE40.00$200,001$0$27,589Yes (X)
BEATRIX SANDERS
DIRECTOR OF DEVELOPMENT40.00$241,425$0$49,060Yes (X)
CAROLE CARTER
DIRECTOR OF TECHNOLOGY40.00$162,926$0$7,072Yes (X)
KIMBERLY FORMISANO
LOWER DIVISION HEAD40.00$184,130$0$8,249Yes (X)
MERLE JACOBS
DIRECTOR OF ADMISSIONS40.00$144,995$0$13,129Yes (X)
JONATHAN PROSKY
ASSOCIATE DIRECTOR OF ADMISSIONS40.00$128,911$0$13,092Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,572,309TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$178,401TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
J CALNAN & ASSOCIATES INC
3 BATTERYMARCH PARKQUINCYMA02169CONSTRUCTION & RENOVATIONS CONTRACTOR$1,037,863
FLIK
PO BOX 417632BOSTONMA022417632SCHOOL DINING$729,939
LOCAL MOTION
66B ROCSAM PARK ROADBRAINTREEMA02184STUDENT TRANSPORTATION SERVICES$338,062
CREATIVE OFFICE PAVILION
ONE DESIGN CENTER PLACE SUITE 734BOSTONMA02210INTERIOR CONSTRUCTION SERVICE PROVIDER$270,317
OUNCE IT LLC
PO BOX 3137WORCESTERMA01613TECHNOLOGY SERVICES PROVIDER$262,122
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K13CntrctRcvdGreaterThan100KCnt
Government Grants$2,992,389GovernmentGrantsAmt
All Other Contributions$7,280,870AllOtherContributionsAmt
Noncash Contributions$104,996NoncashContributionsAmt
Total Contributions$10,273,259TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION611600$22,547,580$22,547,580
AFTER SCHOOL AND SUMMER PROGRAMS611600$571,837$571,837
FieldValueIRS element (for citing)
Total Program Service Revenue$23,119,417TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$277,080TotalRevenueColumnAmt
Exclusion$277,080ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$74,063RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$79,126RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$5,063RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$5,063TotalRevenueColumnAmt
Exclusion-$5,063ExclusionAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Unrelated Business Revenue$275,517UnrelatedBusinessRevenueAmt
Exclusion-$275,517ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$241,625TotalRevenueColumnAmt
Related Or Exempt Func Income$241,625RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$241,625OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,906,318TotalRevenueColumnAmt
Related Or Exempt Func Income$23,361,042RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$275,517UnrelatedBusinessRevenueAmt
Exclusion-$3,500ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$3,979,808TotalAmt
Program Services$3,979,808ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$880,640TotalAmt
Management And General$880,640ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$12,754,436TotalAmt
Program Services$10,239,238ProgramServicesAmt
Management And General$2,028,802ManagementAndGeneralAmt
Fundraising$486,396FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$530,522TotalAmt
Program Services$395,151ProgramServicesAmt
Management And General$109,077ManagementAndGeneralAmt
Fundraising$26,294FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,092,105TotalAmt
Program Services$1,529,393ProgramServicesAmt
Management And General$470,827ManagementAndGeneralAmt
Fundraising$91,885FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$947,674TotalAmt
Program Services$742,744ProgramServicesAmt
Management And General$169,486ManagementAndGeneralAmt
Fundraising$35,444FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$110,305TotalAmt
Management And General$110,305ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$45,592TotalAmt
Management And General$45,592ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$406,843TotalAmt
Management And General$406,843ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$117,173TotalAmt
Program Services$33,087ProgramServicesAmt
Management And General$84,086ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$154,817TotalAmt
Program Services$23,860ProgramServicesAmt
Management And General$125,152ManagementAndGeneralAmt
Fundraising$5,805FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,989,837TotalAmt
Program Services$842,671ProgramServicesAmt
Management And General$1,063,543ManagementAndGeneralAmt
Fundraising$83,623FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$246,445TotalAmt
Management And General$236,440ManagementAndGeneralAmt
Fundraising$10,005FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$567,756TotalAmt
Program Services$537,079ProgramServicesAmt
Management And General$19,173ManagementAndGeneralAmt
Fundraising$11,504FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$323,697TotalAmt
Program Services$323,689ProgramServicesAmt
Fundraising$8FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$90,032TotalAmt
Program Services$76,983ProgramServicesAmt
Management And General$13,049ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$708,496TotalAmt
Program Services$708,496ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,946,608TotalAmt
Program Services$1,790,880ProgramServicesAmt
Management And General$97,330ManagementAndGeneralAmt
Fundraising$58,398FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$26,080TotalAmt
Program Services$13,643ProgramServicesAmt
Management And General$7,773ManagementAndGeneralAmt
Fundraising$4,664FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD SERVICE$760,628$662,252$79,124$19,252
REPAIRS AND MAINTENANCE$712,813$652,730$37,552$22,531
MISCELLANEOUS EXPENSES$80,209$76,123$4,086
DUES AND SUBSCRIPTIONS$50,019$5,637$41,552$2,830

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,737TotalAmt
Program Services$11,737ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$29,534,272TotalAmt
Program Services$22,569,078ProgramServicesAmt
Management And General$6,102,469ManagementAndGeneralAmt
Fundraising$862,725FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,429,089BOYAmt
EOY$11,254,997EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$494,161BOYAmt
EOY$4,866,564EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$489,252BOYAmt
EOY$432,081EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,776,898BOYAmt
EOY$1,613,512EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$60,210,610LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$30,046,065LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$29,641,792BOYAmt
EOY$30,164,545EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,068,130BOYAmt
EOY$3,375,086EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$51,087,605BOYAmt
EOY$60,140,237EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$92,986,927BOYAmt
EOY$111,847,022EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,397,992BOYAmt
EOY$2,889,304EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,367,696BOYAmt
EOY$6,812,264EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,188,409BOYAmt
EOY$16,399,568EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,948,271BOYAmt
EOY$73,529EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,902,368BOYAmt
EOY$26,174,665EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,417,363BOYAmt
EOY$62,151,926EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,667,196BOYAmt
EOY$23,520,431EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$66,084,559BOYAmt
EOY$85,672,357EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$92,986,927BOYAmt
EOY$111,847,022EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,372,046ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$15,215,752NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Preservation Public UseYes (X)PreservationPublicUseInd
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Total Easements3TotalEasementsCnt
Total Acreage11.56TotalAcreageCnt
Modified Easements0ModifiedEasementsCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy Monitoring0WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement80.00StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$15,000ExpensesIncurredEnforcementAmt
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$51,500,537BeginningYearBalanceAmt
Contributions$235,488ContributionsAmt
Investment Earnings Or Losses$15,081,772InvestmentEarningsOrLossesAmt
Other Expenditures$3,800,000OtherExpendituresAmt
End Year Balance$63,017,797EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$54,826,479BeginningYearBalanceAmt
Contributions$65,093ContributionsAmt
Investment Earnings Or Losses-$759,035InvestmentEarningsOrLossesAmt
Other Expenditures$2,632,000OtherExpendituresAmt
End Year Balance$51,500,537EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$53,757,182BeginningYearBalanceAmt
Contributions$614,480ContributionsAmt
Investment Earnings Or Losses$2,728,817InvestmentEarningsOrLossesAmt
Other Expenditures$2,274,000OtherExpendituresAmt
End Year Balance$54,826,479EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$51,057,981BeginningYearBalanceAmt
Contributions$784,306ContributionsAmt
Investment Earnings Or Losses$4,109,895InvestmentEarningsOrLossesAmt
Other Expenditures$2,195,000OtherExpendituresAmt
End Year Balance$53,757,182EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$46,809,382BeginningYearBalanceAmt
Contributions$1,070,339ContributionsAmt
Investment Earnings Or Losses$5,262,863InvestmentEarningsOrLossesAmt
Other Expenditures$2,084,603OtherExpendituresAmt
End Year Balance$51,057,981EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.70283BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.29717PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,774,254OtherCostOrOtherBasisAmt
Book Value$6,774,254BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,086,149OtherCostOrOtherBasisAmt
Depreciation$22,493,707DepreciationAmt
Book Value$19,592,442BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,790,163OtherCostOrOtherBasisAmt
Depreciation$5,693,539DepreciationAmt
Book Value$1,096,624BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,560,044OtherCostOrOtherBasisAmt
Depreciation$1,858,819DepreciationAmt
Book Value$2,701,225BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$30,164,545TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$60,140,237BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$60,140,237TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$48,614,547TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$15,215,752NetUnrealizedGainsInvstAmt
Other Revenue$3,879,128OtherRevenueAmt
Revenue Not Reported$19,094,880RevenueNotReportedAmt
Revenue Subtotal$29,519,667RevenueSubtotalAmt
Investment Expenses Not Incld$406,843InvestmentExpensesNotIncldAmt
Other Revenues Not Included$3,979,808OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$4,386,651RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$33,906,318TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$29,026,749TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$3,879,128OtherExpensesIncludedAmt
Expenses Not Reported$3,879,128ExpensesNotReportedAmt
Expenses Subtotal$25,147,621ExpensesSubtotalAmt
Investment Expenses Not Incld2$406,843InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$3,979,808OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,386,651ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$29,534,272TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 9:CONSERVATION EASEMENTS ARE INCLUDED IN PROPERTY AND EQUIPMENT ON THE SCHOOL'S JUNE 30, 2021 STATEMENT OF FINANCIAL POSITION. THERE WERE NO NEW CONSERVATION EASEMENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2021.
PART V, LINE 4:THE SCHOOL'S PRIMARY OBJECTIVE IS LONG-TERM CAPITAL APPRECIATION WHICH TOGETHER WITH INCOME WILL PROVIDE FOR THE GROWTH OF THE ENDOWMENT WHILE ALLOWING SUPPORT FOR CURRENT ACTIVITIES. THE SCHOOL HAS ADOPTED A SPENDING POLICY WHEREBY A PERCENTAGE OF THE HISTORICAL AVERAGE MARKET VALUE OF THE ENDOWMENT FOR PROGRAM SERVICES AND CAPITAL NEEDS IS DISTRIBUTED AND TREATED AS SUPPORT FOR OPERATING ACTIVITIES. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS NOT FULFILLED BY INTEREST AND DIVIDENDS, THE SCHOOL UTILIZES REALIZED GAINS OF ITS ENDOWMENT. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS EXCEEDED BY INTEREST AND DIVIDENDS, THE SCHOOL ADDS THE EXCESS INCOME TO ITS ENDOWMENT.
PART X, LINE 2:IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE SCHOOL APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF JUNE 30, 2021, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 79,126. APPROPRIATION OF INVESTMENT INCOME(EXPENSE) 3,800,000. ROUNDING 2.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID - TUITION 3,761,550. FINANCIAL AID - AFTER SCHOOL AND SUMMER PROGRAMS 218,258.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 79,126. APPROPRIATION OF INVESTMENT INCOME(EXPENSE) 3,800,000. ROUNDING 2.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID - TUITION 3,761,550. FINANCIAL AID - AFTER SCHOOL AND SUMMER PROGRAMS 218,258.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE SCHOOL POSTS ITS NON-DISCRIMINATION POLICY ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. THE NON-DISCRIMINATION POLICY IS ALSO POSTED ON THE DIVERSITY, EQUITY AND INCLUSION PAGE AND THE CAREERS PAGE OF THE SCHOOL'S WEBSITE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeFINANCIAL AIDGrantTypeTxt
Recipient315RecipientCnt
Cash Grant$3,979,808CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFINANCIAL AID IS AWARDED TO FAMILIES BY COMMITTEE, INCLUSIVE OF THE HEAD OF SCHOOL, ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS, DIRECTOR AND ASSOCIATE DIRECTOR OF ADMISSION, CONTROLLER, ASSISTANT BUSINESS MANAGER, AND BOOKKEEPER. THE COMMITTEE'S DECISION IS LARGELY BASED UPON THE CALCULATION BY AN ORGANIZATION, SCHOOL AND STUDENT SERVICES, WHICH IS OWNED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. ONCE THE COMMITTEE AWARDS A GRANT TO A FAMILY, A LETTER IS WRITTEN TO EACH FAMILY INDICATING THE AWARD AND A CONTRACT IS MAILED HOME FOR THE AMOUNT OF TUITION DUE FOR THE YEAR. THESE CONTRACTS ARE MAINTAINED IN A LOCKED CABINET IN THE SCHOOL'S BUSINESS OFFICE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
SCOTT YOUNG
HEAD OF SCHOOL$333,144$0$0$0$0$0$19,500$0$34,331$0$386,975$0$0$0
BEATRIX SANDERS
DIRECTOR OF DEVELOPMENT$241,425$0$0$0$0$0$18,000$0$31,060$0$290,485$0$0$0
KIMBERLY BOYD
ASST HEAD FOR FINANCE$200,001$0$0$0$0$0$18,000$0$9,589$0$227,590$0$0$0
KIMBERLY FORMISANO
LOWER DIVISION HEAD$184,130$0$0$0$0$0$0$0$8,249$0$192,379$0$0$0
ERIC CHAPMAN
ASSISTANT HEAD OF SCHOOL FOR ACADEMI$176,777$0$0$0$0$0$0$0$6,379$0$183,156$0$0$0
CAROLE CARTER
DIRECTOR OF TECHNOLOGY$162,926$0$0$0$0$0$0$0$7,072$0$169,998$0$0$0
MERLE JACOBS
DIRECTOR OF ADMISSIONS$144,995$0$0$0$0$0$0$0$13,129$0$158,124$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J - PART IFormAndLineReferenceDesc
ExplanationTYPE OF BENEFITS: HOUSING NUMBER OF PERSONS LISTED WHO RECEIVED THE BENEFITS: 1 TAXABILITY OF BENEFITS: NON-TAXABLEExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
A04343181457583RKA22007-02-21$9,435,000FINANCE CONSTRUCTION COSTS000
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
B04343181457583UPU62012-04-01$14,025,000REFINANCE000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndOther Spent ProceedsOtherSpentProceedsAmt
A$3,119,372$9,253,762$249,549$9,004,21300Yes (1)Yes (1)
B$3,898,804$14,335,621$225,718Yes (1)0Yes (1)Yes (1)$14,109,903

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00000.000000.000000.00000000
B00000.000000.000000.00000000

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AYes (1)00000
BYes (1)00000

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
A0
B0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution16ContributionCnt
Noncash Contributions Rpt F990$104,996NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7AALL PARENTS OF CHILDREN IN ATTENDANCE AT THE PARK SCHOOL ARE MEMBERS OF THE CORPORATION DURING SUCH PERIOD OF ATTENDANCE. ADDITIONALLY, INDIVIDUALS WITH LONG-STANDING CONNECTION TO THE SCHOOL MAY BE INVITED TO BE MEMBERS OF THE CORPORATION BY THE HEAD OF SCHOOL.
FORM 990, PART VI, SECTION B, LINE 11BTHE SCHOOL'S TREASURER AND ASSISTANT HEAD FOR FINANCE & OPERATIONS ARE RESPONSIBLE FOR OVERSEEING THE PREPARATION OF IRS FORM 990 (990). THE 990 AND ITS SUPPORTING SCHEDULES WERE PREPARED BY THE PUBLIC ACCOUNTING FIRM, TONNESON & COMPANY, PC (TONNESON), RESPONSIBLE FOR AUDITING THE SCHOOL'S FINANCIAL STATEMENTS. TONNESON'S WORK WAS BASED ON INFORMATION PROVIDED TO THEM DURING THE COURSE OF THE AUDIT BY THE SCHOOL'S BUSINESS OFFICE, PLUS ADDITIONAL WORK REQUESTED SPECIFIC TO THE 990. THE CHAIR OF THE BOARD, TREASURER, AUDIT COMMITTEE CHAIR, HEAD OF SCHOOL AND ASSISTANT HEAD FOR FINANCE & OPERATIONS PERFORMED A DETAILED REVIEW OF THE COMPLETED 990, PROVIDED A COPY OF THE RETURN TO THE BOARD OF TRUSTEES AND REPORTED UPON THE RESULTS OF ITS REVIEW TO THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12CEACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE AT THE FIRST BOARD MEETING OF EACH YEAR ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST. THE BOARD OF TRUSTEES MAY ALSO PROVIDE FOR SUCH CORRECTIVE ACTION AS IT DEEMS APPROPRIATE BY REASON OF A FAILURE TO DISCLOSE SUCH CONFLICT OF INTEREST, WHICH MAY INCLUDE REMOVAL FROM A POSITION OR OFFICE. DISCLOSURE FORMS SHALL BE UPDATED ANNUALLY OR SOONER IF CHANGED CIRCUMSTANCES REQUIRE DISCLOSURE. ALL PERSONS SUBJECT TO THIS POLICY ARE EXPECTED TO UPDATE THEIR "ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST" AT ANY TIME DURING THE YEAR THAT THE INFORMATION REQUESTED ON THE FORM CHANGES. THE ADMINISTRATION AND MAINTENANCE OF THE "ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST" SHALL BE THE RESPONSIBILITY OF THE CHAIR OF THE BOARD OF TRUSTEES, OR HIS/HER DESIGNEE.
FORM 990, PART VI, SECTION B, LINE 15ATHE COMMITTEE OF TRUSTEES INITIALLY DETERMINES COMPENSATION FOR THE HEAD OF SCHOOL. PROPOSED COMPENSATION IS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE SCHOOL'S OFFICE, WALKING INTO THE SCHOOL'S OFFICE OR MAILING IN A REQUEST TO THE SCHOOL. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE. ADDITIONALLY, THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE.