2022-01-10T10:25:49-06:00 2021-06-30 061009205 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2020-07-01 042103636 WALNUT HILL CENTER FOR THE ARTS INC WALN 5086534312 12 HIGHLAND STREET NATICK MA 01760 JANE SEGALE CFO 5086505015 2021-12-21 1 JANE SEGALE 999009999 LAURA J KENNEY P00202198 6177170831 2021-12-16 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WALNUT HILL SCHOOL FOR THE ARTS ANTONIO VIVA 12 HIGHLAND STREET NATICK MA 01760 39952107 0 X WWW.WALNUTHILLARTS.ORG X 1893 MA WALNUT HILL CENTER FOR THE ARTS EDUCATES AND TRAINS CREATIVE AND INTELLECTUALLY CURIOUS YOUNG ARTISTS TO MAKE AN ENDURING IMPACT ON THE WORLD. 28 27 221 28 0 0 1279453 1510765 18964170 17878175 -172917 3815209 56835 1610943 20127541 24815092 3930596 3593154 0 0 10005426 8959118 0 0 533357 6968608 7216396 20904630 19768668 -777089 5046424 67676052 71366440 28451520 26148923 39224532 45217517 WALNUT HILL CENTER FOR THE ARTS TRANSFORMS LIVES, BUILDS COMMUNITY AND EXPANDS CULTURE THROUGH THE ARTS. 0 0 10126526 3593154 17719234 INSTRUCTIONAL EXPENSES RELATED TO EDUCATING STUDENTS IN GRADES 9 THROUGH 12 WHILE AT SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 297 STUDENTS DURING THE FALL AND SPRING SEMESTERS. WALNUT HILL STUDENTS IMMERSE THEMSELVES DEEPLY IN THEIR ART, GUIDED BY HIGHLY ACCOMPLISHED PROFESSIONAL ARTISTS WHO HAVE DEDICATED THEMSELVES TO SUPPORTING YOUNG PEOPLE ON THEIR ARTISTIC JOURNEYS. THIS TIME SPENT MASTERING AN ARTISTIC DISCIPLINE IS BALANCED BY ENGAGEMENT IN A RIGOROUS COLLEGE-PREPARATORY CURRICULUM THAT CHALLENGES STUDENTS TO ASK BIG QUESTIONS, SOLVE COMPLEX PROBLEMS, AND EXPLORE TRADITIONAL ACADEMIC SUBJECTS THROUGH INNOVATIVE, HANDS-ON LESSONS. 4802259 35592 STUDENT ACTIVITIES, THEATER AND MUSIC PRODUCTIONS, TUTORING, DORM LIFE AND FOOD SERVICE AND STUDENT CLUBS. THE SCHOOL ENROLLED APPROXIMATELY 297 STUDENTS DURING THE FALL AND SPRING SEMESTERS. OF THE 297 STUDENTS, APPROXIMATELY 181 STUDENTS LIVED ON-CAMPUS. 703283 124264 SUMMER AND OTHER PROGRAM EXPENSES FOR UNENROLLED STUDENTS, SUCH AS THE COMMUNITY ARTS PROGRAM. THE SUMMER PROGRAMS ENROLLED APPROXIMATELY 173 STUDENTS AMONG MANY DIFFERENT PROGRAMS SUCH AS DANCE, VISUAL ARTS, MUSIC, WRITING AND THEATER. 15632068 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 40 0 1 221 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JANE SEGALE 5086505015 12 HIGHLAND STREET NATICK MA 01760 ANTONIO VIVA HEAD OF SCHOOL 40.00 X 268675 0 60782 JANE SEGALE CFO 40.00 X 156444 0 19079 TOBEY FOSSEY DIRECTOR OF DEVELOPMENT 40.00 X 161771 0 6221 SUSANNE CARPENTER ASSISTANT HEAD OF SCHOOL 40.00 X 153917 0 5895 JEANNE O'ROURKE CHIEF CREATIVE OFFICER 40.00 X 123297 0 17576 DERRICK HARKINS TRUSTEE 5.00 X 0 0 0 CHARLOTTE I HALL TRUSTEE 5.00 X 0 0 0 JUSTINE HAND TRUSTEE 5.00 X 0 0 0 BENNY IBARRA DE LLANO TRUSTEE 5.00 X 0 0 0 ANNE M MORGAN TRUSTEE 5.00 X 0 0 0 BEIYAN LIP TRUSTEE 5.00 X 0 0 0 KAREN MCKEEL CALBY TRUSTEE 5.00 X 0 0 0 JORDAN MCCULLOUGH TRUSTEE 5.00 X 0 0 0 JOHN SEBASTIAN PAOLELLA TRUSTEE 5.00 X 0 0 0 PAULA NICOLE DRAKE TRUSTEE 5.00 X 0 0 0 BETSY KESSLER TRUSTEE 5.00 X 0 0 0 DAVID EDELMAN TRUSTEE 5.00 X 0 0 0 NICOLE GAKIDIS TRUSTEE 5.00 X 0 0 0 KRISTINE VAN AMSTERDAM TRUSTEE 5.00 X 0 0 0 AMY LAWRENCE WHEELER TRUSTEE 5.00 X 0 0 0 JEFFREY FLOWERS TRUSTEE 5.00 X 0 0 0 PATRICIA L DAVIDSON TRUSTEE 5.00 X 0 0 0 MATTHEW ROBERT GLASS TRUSTEE 5.00 X 0 0 0 DEBORAH MANKIW TRUSTEE 5.00 X 0 0 0 WENDY SUE MCKELVY TRUSTEE 5.00 X 0 0 0 KATHARINE O'CONNELL TRUSTEE 5.00 X 0 0 0 HAESUN PAIK TRUSTEE 5.00 X 0 0 0 JOHN I WILLIAMS JR TRUSTEE 5.00 X 0 0 0 LINDA WISNEWSKI TRUSTEE/TREASURER 5.00 X X 0 0 0 LISA ROTHMAN TRUSTEE/CLERK 5.00 X X 0 0 0 ELIZABETH P MCCLENDON TRUSTEE/PRESIDENT 5.00 X X 0 0 0 JENNIFER TOOLIN MCAULIFFE TRUSTEE/VICE PRESIDENT 5.00 X X 0 0 0 JANET EMERY PATTILLO TRUSTEE/ASSISTANT CLERK 5.00 X X 0 0 0 864104 0 109553 5 0 1 0 SODEXO INC & AFFILIATES P O BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 946933 POIRIER & SPRINGER INC 17E STERLING ROAD BILLERICA MA 01862 CONSTRUCTION 666791 OUNCE IT LLC P O BOX 3137 WORCESTER MA 01613 TECHNOLOGY SUPPORT 502620 NEW ENGLAND CONSERVATORY OF MUSIC 290 HUNTINGTON AVENUE BOSTON MA 02115 EDUCATION-MUSIC 332648 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 168781 12 1510765 51754 1510765 TUITION AND FEES 611600 17440325 17440325 COMMUNITY ART 611600 210449 210449 SUMMER PROGRAMS 611600 124265 124265 OTHER 611600 82163 82163 STUDENT ACTIVITIES 611600 20973 20973 17878175 360203 360203 13918 13003 915 915 915 18534048 15079042 3455006 3455006 3455006 50798 44970 5828 5828 PPP LOAN FORGIVENESS 900099 1604200 1604200 1604200 24815092 17879090 0 5425237 3484155 3484155 108999 108999 664661 502584 162077 27498 27498 7151184 5812086 1113063 226035 609831 455760 118120 35951 505944 367959 112432 25553 38611 38611 53150 53150 56924 56924 221731 17685 204046 98825 2453 96372 78669 17972 33733 26964 244636 73977 170491 168 1480715 1333534 142676 4505 3946 2555 1068 323 63304 29000 34304 380995 380995 1704692 1587021 114070 3601 178343 166035 11934 374 FOOD SERVICE 1049682 1049682 INSTRUCTIONAL PROGRAM E 630596 502941 127655 SUPPLIES 536178 482860 52694 624 RENTALS 106530 47055 59475 288869 90339 151348 47182 19768668 15632068 3603243 533357 7481067 1250539 5279830 145328 5668754 6238570 21072 10384 29489 26411 260638 362346 54652076 25068667 30324498 29583409 18709679 21406698 663910 5180855 6399015 67676052 71366440 1334804 1637844 14390505 13921814 10432395 9960459 2276183 601325 17633 27481 28451520 26148923 X 21556760 23647357 17667772 21570160 39224532 45217517 67676052 71366440 5046424 946561 0 X 0 1 X 1 0 X 3353968 1812154 1857748 1279453 1510765 9814088 3353968 1812154 1857748 1279453 1510765 9814088 1357910 8456178 465451 520278 502057 560686 374121 2422593 1604200 1604200 13840881 93958660 0.61100 0.67290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS - 2020 AMOUNT: $ 1,604,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15654015 74444 3316904 19045363 16793636 87387 -567915 218722 440371 15654015 20012707 260115 708924 200001 3988109 16793636 18653960 2084548 131007 594794 20012707 17695979 1768647 810666 18653960 0.24000 0.46000 0.30000 0 0 101810 101810 2294740 44987992 21370143 25912589 1892662 897565 995097 5374872 2800959 2573913 29583409 PERPETUAL TRUST 5267034 ASSETS OF SPLIT INTEREST AGREEMENTS 1131981 6399015 DUE TO LIFE BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 27481 27481 22171606 946561 57973 1004534 21167072 54866 3593154 3648020 24815092 16178621 57973 57973 16120648 54866 3593154 3648020 19768668 PART V, LINE 4: THE SCHOOL'S INTENDED USE OF ENDOWMENT FUNDS INCLUDES SCHOLARSHIP, FINANCIAL AID, FACULTY DEVELOPMENT, INVESTMENT IN PLANT AND VARIOUS OPERATIONAL NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 44,970. RENTAL EXPENSES 13,003. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,593,154. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 44,970. RENTAL EXPENSES 13,003. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,593,154. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM (PPP LOAN) GRANTED BY THE SMALL BUSINESS ADMINISTRATION (SBA) UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) IN FY2020 AND RECEIVED FORGIVENESS IN FY21. 1 0 0 0 0 0 0 0 0 0 FINANCIAL AID EAST ASIA AND THE PACIFIC 2 87208 FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 1 21791 0 0 0 0 0 0 PART I, LINE 2: MOST INTERNATIONAL STUDENTS STUDIED REMOTELY FROM THEIR HOME COUNTRY THIS YEAR. FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO THE RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER PART III ACCOUNTING METHOD: 1 FINANCIAL AID 147 3484154 PART I, LINE 2: FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S OUTSTANDING TUITION BILL. CASH PAYMENTS ARE NOT MADE DIRECTLY TO RECIPIENTS. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ANTONIO VIVA HEAD OF SCHOOL 268675 0 0 0 0 0 9930 0 50852 0 329457 0 0 0 JANE SEGALE CFO 156444 0 0 0 0 0 6129 0 12950 0 175523 0 0 0 TOBEY FOSSEY DIRECTOR OF DEVELOPMENT 161771 0 0 0 0 0 5950 0 271 0 167992 0 0 0 SUSANNE CARPENTER ASSISTANT HEAD OF SCHOOL 153917 0 0 0 0 0 5624 0 271 0 159812 0 0 0 PART I, LINE 1A THE SCHOOL REQUIRES THAT THE HEAD OF SCHOOL LIVE ON CAMPUS IN SCHOOL PROVIDED HOUSING. IT IS NOT CONSIDERED A TAXABLE BENEFIT AS THE HOUSE IS AVAILABLE TO CONDUCT SCHOOL BUSINESS IN, EVEN IF THE HEAD IS NOT THERE. IN ADDITION, WHILE THE HEAD IS IN THE HOUSING, HE IS AVAILABLE TO ASSIST THE NEEDS OF THE SCHOOL SHOULD THEY ARISE OUTSIDE OF NORMAL BUSINESS HOURS. DUE TO THE RESIDENTIAL COMPONENT OF THE SCHOOL, IT IS CRITICAL THAT THE HEAD BE AVAILABLE AND PRESENT AS MUCH AS POSSIBLE. THE HOUSING PROVIDED TO THE HEAD OF SCHOOL IS CLEANED WEEKLY AND INCLUDES HIS PERSONAL LIVING SPACE. THE CLEANING SERVICES ARE INCLUDED IN THE HEAD OF SCHOOL'S W-2. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2014-01-30 13160000 TO PAY OFF THE 2002 & 2006 SERIES BONDS 0 0 0 A 3102480 13160000 89489 1425511 11645000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2019 PART II, LINE 11 THE $13,070,511 IS MADE UP OF $11,645,000 WHICH WAS USED TO REFINANCE THE 2002 AND 2006 PREVIOUSLY ISSUED BONDS AND $1,425,511. THE $1,425,511 WAS USED FOR FACILITY IMPROVEMENTS AND EXPANSION PROJECTS. ANTONIO VIVA HEAD OF SCHOOL OFFICER ALLOWS THE HEAD OF SCHOOL TO PUT A DOWN PAYMENT ON A HOUSE. X 90000 10384 0 1 1 10384 55400 FINANCIAL AID EDUCATION IVY CREATIVE LLC COMPANY OWNED BY HUSBAND OF CFO 27498 THE HEAD OF SCHOOL AND DIRECTOR OF ARTISTIC STUDIES ENGAGED THE ORGANIZATION TO PRODUCE SCHOOL VIDEOS. 0 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS THE SCHOOL ISSUED A PERSONAL LOAN TO THE HEAD OF SCHOOL IN THE AMOUNT OF $90,000. THE WRITTEN AGREEMENT INCLUDES A STATED INTEREST RATE OF 6% (OR, IF LOWER, THE MAXIMUM RATE ALLOWABLE BY LAW) WITH PAYMENT TERMS OVER 10 YEARS. THE LOAN WILL BE DUE IN FULL IN THE EVENT EMPLOYMENT BETWEEN THE HEAD OF SCHOOL AND THE SCHOOL IS TERMINATED FOR ANY REASON. THIS TRANSACTION WAS APPROVED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL IS STILL REQUIRED TO LIVE ON CAMPUS IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT. X 4 51754 FMV AT DONATION DATE 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR "SECURITIES-PUBLICLY TRADED" REPRESENTS THE NUMBER OF INDIVIDUALS WHO DONATED THE SECURITIES. FORM 990, PART I, ITEM C DBA: WALNUT HILL SCHOOL FOR THE ARTS DBA: WALNUT HILL COMMUNITY ACADEMY FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE GOVERNING BODY HAVE NOT RECEIVED A COPY OF THE FORM 990 PRIOR TO ITS FILING. THE BOARD OF TRUSTEES HAS APPOINTED THE RESPONSIBILITY OF OBTAINING AND REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS RECEIVED A COPY OF THE FORM 990, IN ITS ENTIRETY (WITH THE EXCEPTION OF SCHEDULE B - SCHEDULE OF CONTRIBUTORS), AND REVIEWED IT FOR COMPLETENESS AND ACCURACY, PRIOR TO IT BEING FILED. THE FORM 990 IS MADE AVAILABLE TO THE BOARD ONCE IT IS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT THAT INDICATES THAT THEY HAVE READ, UNDERSTOOD AND AGREE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. FURTHER, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS (AS DEFINED IN THE POLICY) AND/OR NOTIFY THE HEAD OF SCHOOL IF ANY ADDITIONAL ISSUES ARISE THROUGHOUT THE YEAR. THE POLICY IS ENFORCED AND MONITORED BY THE HEAD OF SCHOOL AND/OR THE BOARD OF TRUSTEES. TRUSTEES WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE FORM ARE ASKED TO VERBALLY CONFIRM THE INFORMATION IN THE ANNUAL DISCLOSURE STATEMENT AND ALSO DISCUSS ANY POTENTIAL CONFLICTS AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES WILL DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER OFFICERS USING THE FOLLOWING CRITERIA: 1. THE TRANSACTION IS APPROVED BY AN AUTHORIZED BODY OF THE ORGANIZATION, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. 2. PRIOR TO MAKING ITS DETERMINATION, THE AUTHORIZED BODY OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY. 3. THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION WILL INCLUDE: -THE TERMS OF THE APPROVED TRANSACTION AND THE DATE APPROVED; -THE MEMBERS OF THE AUTHORIZED BODY WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; -THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE AUTHORIZED BODY AND HOW THE DATA WAS OBTAINED; -ANY ACTIONS BY A MEMBER OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST; AND -DOCUMENTATION OF THE BASIS FOR THE DETERMINATION BEFORE THE LATER OF THE NEXT MEETING OF THE AUTHORIZED BODY OR 60 DAYS AFTER THE FINAL ACTIONS OF THE AUTHORIZED BODY ARE TAKEN AND APPROVAL OF RECORDS AS REASONABLE, ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER. THIS PROCESS WAS LAST UTILIZED IN THE SPRING OF 2019 TO DETERMINE THE HEAD OF SCHOOL'S COMPENSATION. IT RESULTED IN A MULTI- YEAR CONTRACT THROUGH 2024. EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS THE HEAD OF SCHOOL'S COMPENSATION PER THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.