2022-03-28T12:43:54-05:00 2021-06-30 823736106 POZERSKI HATCH & COMPANY 190 OLD DERBY ST 210 HINGHAM MA 020434066 990 2020-07-01 042103964 THE CAMBRIDGE SCHOOL OF WESTON INC CAMB 7816428600 45 GEORGIAN ROAD WESTON MA 02493 ALLIE ALTMAN TREASURER 7816428600 2022-03-21 1 ALLIE ALTMAN 999009999 TRACI L POZERSKI CPA P00415905 7814801430 2022-03-21 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISE CHARLIER 45 GEORGIAN ROAD WESTON MA 02493 25835431 0 X WWW.CSW.ORG X 1936 MA THE CAMBRIDGE SCHOOL OF WESTON'S MISSION IS TO PROVIDE A PROGRESSIVE EDUCATION THAT EMPHASIZES DEEP LEARNING, MEANINGFUL RELATIONSHIPS AND A DYNAMIC PROGRAM THAT INSPIRES STUDENTS TO DISCOVER WHO THEY ARE AND WHAT THEIR CONTRIBUTION IS TO THEIR SCHOOL, THEIR COMMUNITY AND THE WORLD. 20 17 145 0 0 0 1082995 3154020 17409138 16608063 757524 782695 126433 71383 19376090 20616161 3094953 3274470 0 0 10021567 8825296 37205 0 742267 5859409 7082530 19013134 19182296 362956 1433865 53482429 57046494 17059889 16530302 36422540 40516192 X THE CAMBRIDGE SCHOOL OF WESTON'S MISSION IS TO PROVIDE A PROGRESSIVE EDUCATION THAT EMPHASIZES DEEP LEARNING, MEANINGFUL RELATIONSHIPS AND A DYNAMIC PROGRAM THAT INSPIRES STUDENTS TO DISCOVER WHO THEY ARE AND WHAT THEIR CONTRIBUTION IS TO THEIR SCHOOL, THEIR COMMUNITY AND THE WORLD. 0 0 15033700 3274470 16697462 THE CAMBRIDGE SCHOOL OF WESTON IS A PROGRESSIVE, COEDUCATIONAL, DAY AND BOARDING SCHOOL FOR GRADES 9 THROUGH 12, AND POST GRADUATE. ESTABLISHED IN 1886, WE ARE DEDICATED TO FOSTERING INDIVIDUAL STRENGTHS AND MULTIPLE INTELLIGENCES THROUGH A WIDE RANGE OF CHALLENGING COURSES AND A VARIETY OF TEACHING STYLES. IN FY2021, THE SCHOOL HAD 222 DAY STUDENTS AND 76 BOARDING STUDENTS.OUR UNIQUE MODULE SYSTEM FOSTERS DEEP LEARNING AND INNOVATIVE TEACHING IN ALL DISCIPLINES. CLASSES ARE AN HOUR AND A HALF LONG, AND STUDENTS CONCENTRATE INTENSELY ON THREE SUBJECTS AT A TIME. OUR CURRICULUM IS DIVERSE AND INTERDISCIPLINARY, COMBINING DEMANDING ACADEMICS WITH EXTENSIVE OFFERINGS IN THE VISUAL AND PERFORMING ARTS. STUDENTS ARE ENCOURAGED TO EXPLORE NEW EDUCATIONAL EXPERIENCES AND AREAS OF STUDY, AND TO BE PROACTIVE IN PLANNING THEIR ACADEMIC SCHEDULES. WE OFFER MORE THAN 300 COURSES. NO TWO STUDENT SCHEDULES ARE ALIKE. EACH STUDENT WORKS WITH AN ADVISOR AND THE ACADEMIC OFFICE TO CREATE A UNIQUE ACADEMIC SCHEDULE THAT BALANCES PERSONAL INTERESTS WITH COLLEGE EXPECTATIONS AND THE SCHOOL'S REQUIREMENTS FOR GRADUATION. ULTIMATELY, EACH STUDENT SCHEDULE AIMS TO PROVIDE BALANCE, RIGOR, AND STIMULATION THROUGHOUT THE YEAR. 15033700 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 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 X 86 0 1 145 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SUSAN RYAN 7816428600 45 GEORGIAN ROAD WESTON MA 02493 ALLIE ALTMAN TREASURER 1.00 X X 0 0 0 JAMES BONSEY TRUSTEE 1.00 X 0 0 0 LISE CHARLIER HEAD OF SCHOOL 40.00 X X 306839 0 39295 NETA CRAWFORD TRUSTEE 1.00 X 0 0 0 MAURA FARRELL TRUSTEE 1.00 X 0 0 0 JOHN FINNERTY TRUSTEE 1.00 X 0 0 0 MICHAEL FLANAGAN TRUSTEE 1.00 X 0 0 0 ANN GORSON CHAIR 1.00 X X 0 0 0 CYNTHIA HARMON TRUSTEE 1.00 X 0 0 0 SNOWDEN HENRY TRUSTEE 1.00 X 0 0 0 BEN IBBETSON FACULTY REPRESENTATIVE 40.00 X 88663 0 2483 CHIN LIN SECRETARY 1.00 X X 0 0 0 KEVIN MEDIK TRUSTEE 1.00 X 0 0 0 JOHN THOMPSON TRUSTEE 1.00 X 0 0 0 DANIEL WOLF TRUSTEE 1.00 X 0 0 0 ALANA ZOLA TRUSTEE 1.00 X 0 0 0 ASHLEY HO BOARD STUDENT REPRESENTATIVE 1.00 X 0 0 0 VIVIEN WU TRUSTEE 1.00 X 0 0 0 PATRICK FOLEY FACULTY REPRESENTATIVE 40.00 X 76626 0 1166 MIRIAM LEVINE DAY STUDENT REPRESENTATIVE 1.00 X 0 0 0 KATHLEEN CHERY CFO 40.00 X 193776 0 3435 CHRISTINE MILLER INTERIM CFO 20.00 X 51189 0 0 ROSANNA SALCEDO DEAN OF EQUITY & INCLUSION 40.00 X 126520 0 1288 ANDREA FINNERTY DIRECTOR OF DEVELOPMENT 40.00 X 146583 0 4021 JULIE JOHNSTONE ASSISTANT HEAD OF SCHOOL 40.00 X 128590 0 49242 1118786 0 100930 10 0 1 0 OUNCEIT LLC PO BOX 538 UPTON MA 01568 IT SERVICES/SUPPORT 252173 1 1430000 1724020 44881 3154020 TUITION AND FEES 611110 16608063 16608063 16608063 267580 267580 2333 0 2333 2333 2333 5701334 5186219 515115 515115 515115 12702 33051 -20349 -20349 MISC REVENUE 900099 89399 89399 89399 20616161 16697462 0 764679 3274470 3274470 663378 261359 317481 84538 6440745 4969832 1113561 357352 303912 229362 58707 15843 895230 698287 147237 49706 522031 376212 112050 33769 11827 11827 70230 70230 73568 73568 390157 3202 386955 70277 70277 231354 163172 47874 20308 78945 1434 75206 2305 542364 513618 24949 3797 13415 6377 7038 142247 34687 15443 92117 317712 301016 14614 2082 1758700 1666273 80897 11530 131382 131382 DINING HALL EXPENSES 761190 761190 REPAIRS AND MAINTENANCE 719318 514697 193816 10805 HEALTH CENTER AND OTHER 463102 320976 142126 PANDEMIC EXPENSE 305926 305926 1000816 500228 442473 58115 19182296 15033700 3406329 742267 48505 25164 7281792 7615470 942823 910581 128280 141246 148576 118372 175522 141884 52186771 22607832 30615539 29578939 13318939 17726603 822453 788235 53482429 57046494 1595887 1455829 2463359 4075618 11301763 10998855 268880 0 1430000 0 17059889 16530302 X 25816970 28208798 10605570 12307394 36422540 40516192 53482429 57046494 1433865 2659787 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14120752 257645 3348206 17726603 13288458 456612 375682 14120752 11799124 227418 1261916 13288458 9904008 1083350 811766 11799124 8457499 480845 965664 9904008 0.45000 0.49700 0.05300 0 0 62343 62343 47088752 18196427 28892325 5035676 4411405 624271 29578939 20055281 2659788 -3180150 -520362 20575643 73569 -33051 40518 20616161 15961629 33051 33051 15928578 73568 3180150 3253718 19182296 PART V, LINE 4: THE CAMBRIDGE SCHOOL OF WESTON MAINTAINS ITS ENDOWMENT FUNDS TO DIRECTLY SUPPORT FACULTY SALARIES, INSTRUCTIONAL & ACADEMIC SUPPORT, STUDENT ACTIVITIES AND SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,180,150. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -33,051. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 33,051. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,180,150. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EACH YEAR, AN ADVERTISEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER AS PART OF AN ASSOCIATON FOR INDEPENDENT SCHOOLS OF NEW ENGLAND: NOTICE OF NONDISCRIMINATION POLICY TO STUDENTS". 1 NEED BASED FINANCIAL AID 87 3180150 TUITION REMISSION 2 94320 PART I, LINE 2: FINANCIAL AID AND SCHOLARSHIPS ARE GRANTED TO CAMBRIDGE SCHOOL OF WESTON STUDENTS WHO DEMONSTRATE FINANCIAL NEED. THE FINANCIAL AID BUDGET IS APPROVED BY THE BOARD OF TRUSTEES. THE CAMBRIDGE SCHOOL OF WESTON OFFERS TUITION DISCOUNTS TO QUALIFYING EMPLOYEES FOR ITS TWO MAJOR PROGRAMS - THE HIGH SCHOOL AND SUMMER CAMP. (THE SUMMER CAMP PROGRAM HAS BEEN SUSPENDED DUE TO COVID.) SCHOLARSHIP FUNDS AND TUITION REMISSION AMOUNTS ARE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LISE CHARLIER HEAD OF SCHOOL 306839 0 0 0 0 0 3295 0 36000 0 346134 0 0 0 KATHLEEN CHERY CFO 193776 0 0 0 0 0 3435 0 0 0 197211 0 0 0 JULIE JOHNSTONE ASSISTANT HEAD OF SCHOOL 128590 0 0 0 0 0 2082 0 47160 0 177832 0 0 0 ANDREA FINNERTY DIRECTOR OF DEVELOPMENT 146583 0 0 0 0 0 4021 0 0 0 150604 0 0 0 PART I, LINE 1A THE CAMBRIDGE SCHOOL OF WESTON HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS. THE SCHOOL PROVIDES A PERSONAL RESIDENCE ON CAMPUS FOR THE FAMILY OF THE HEAD OF SCHOOL. THE ESTIMATED VALUE OF THIS NONTAXABLE BENEFIT IS $36,000, WHICH IS CONSISTENT WITH PRIOR YEAR. A HEAD DISCRETIONARY FUND, IN AN AMOUNT DETERMINED BY THE BOARD DURING EACH YEAR OF THE TERM BUT NOT TO EXCEED $10,000 ANNUALLY, WILL BE MAINTAINED BY THE BOARD AS A LINE ITEM OF THE SCHOOL'S ANNUAL BYDGET. THE HEAD MAY UTILIZE THE HEAD DISCRETIONARY FUND FOR ITEMS ASSOCIATED WITH THE BUSINESS OF THE SCHOOL, AS DETERMINED BY THE HEAD CONSISTENT WITH THE HEAD'S REASONABLE BUSINESS JUDGEMENT. THE HEAD SHALL DOCUMENT SUCH COSTS IN ACCORDANCE WITH THE IRS REQUIREMENTS, AND SHALL SUBMIT FOR REIMBURSEMENT IN THE NORMAL COURSE OF OPERATIONS. A MASS DEVELOPMENT FINANCE AGENCY 043431914 2020-01-17 11440000 REFINANCE PREVIOUS BONDS 0 0 0 A 11440000 28456 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 X 2 28430 MEAN VALUE OF STOCK 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO CONTRIBUTED STOCK. PART I, LINE 32B: ALL STOCK GIFTS ARE RECEIVED AND SOLD BY A BROKERAGE FIRM, JP MORGAN. FORM 990, PART V, LINE 7G: THE SCHOOL DID NOT RECEIVE DONATIONS OF QUALIFIED INTELLECTUAL PROPERTY. FORM 990, PART V, LINE 13A THE SCHOOL DID NOT RECIEVE DONATIONS OF QUALIFIED INTELLECTUAL PROPERTY. THE SCHOOL DID NOT RECEIVE CONTRIBUTIONS OF CARS, BOATS, AIRPLANES OR OTHER VEHICLES. FORM 990, PART VI, SECTION B, LINE 11B THE DOCUMENT IN ITS ENTIRETY WAS REVIEWED BY THE SCHOOL'S HEAD, DIRECTOR OF FINANCE & OPERATIONS AND CONTROLLER. THE FULL DOCUMENT WITH SCHEDULE B DONOR NAMES AND ADDRESSES REDACTED WAS THEN PRESENTED FOR REVIEW AND APPROVAL OF THE BOARD CHAIR AND TREASURER. THE DOCUMENT WITH THE SAME REDACTION WAS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. THE DONOR NAME AND ADDRESS REDACTIONS WERE MADE TO PRESERVE THE CONFIDENTIALITY OF DONORS, INCLUDING THOSE WHO DONATED TO THE SCHOOL ANONYMOUSLY. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ANNUALLY REQUESTS BOARD MEMBERS TO CERTIFY, IN WRITING, THAT THEY HAVE NO CONFLICTS OF INTEREST BY SIGNING A CONFLICT OF INTEREST DISCLOSURE FROM. THE CHAIR OF THE BOARD REVIEWS THE CONFLICT OF INTERST FORMS TO DETERMINE IF A POTENTIAL CONFLICT EXISTS. IF A POTENTIAL CONFLICT IS FOUND TO EXIST THE MEMBER WOULD BE ASKED TO RESIGN THEIR POSITION ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CAMBRIDGE SCHOOL OF WESTON IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). AS PART OF ITS SERVICES, NAIS COLLECTS STATISTICS ON INDEPENDENT SCHOOLS RANGING FROM BASIC ENROLLMENT AND GRADES SERVED THROUGH THE HEAD OF SCHOOL COMPENSATION. THROUGH ITS BENCHMARK TOOLS, THE CAMBRIDGE SCHOOL OF WESTON IS ABLE TO CREATE A REPORT BASED ON SCHOOLS OF SIMILAR SIZE AND GRADES THAT ENABLES US TO SURVEY AND COMPARE SALARY INFORMATION FOR HEADS OF SCHOOL. IN ADDITION, THE CAMBRIDGE SCHOOL OF WESTON IDENTIFIES SCHOOLS OF LIKE SIZE IN OUR GEOGRAPHIC AREA AND UTILIZES GUIDESTAR.ORG TO VIEW COMPETITIOR SCHOOL'S 990 FOR THE PURPOSES OF COMPARING HEAD OF SCHOOL SALARIES. THE DATA IS PRESENTED TO THE SCHOOL'S BOARD OF TRUSTEES WHO ESTABLISH THE HEAD OF SCHOOL'S SALARY ANNUALLY. RESEARCH DOCUMENTS SUPPORTING THE BOARD'S DECISION ARE FILED IN THE HEAD'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C PROCEDURES FOR CHANGE OF AUDITOR: DURING THIS FISCAL YEAR IT WAS DECIDED TO CHANGE AUDIT FIRMS. A MOTION WAS PUT TO THE FINANCE COMMITTEE TO DO AN RFP FOR NEW AUDITORS. THE FINANCE COMMITTEE APPROVED THE MOTION. A LIST OF 4 FIRMS TO SEND REQUEST FOR PROPOSALS (RFP) WAS COMPILED BY THE INTERIM CFO, DIRECTOR OF BUSINESS OPERATIONS AND THE NEW CFO'S, BASED ON THEIR PRIOR AUDITING EXPERIENCE. PROPOSALS WERE SENT TO THE 4 FIRMS IN MAY; INTERVIEWS WERE SET UP FOR JUNE WITH A DECISION BY JUNE 30, 2021. INTERVIEWS WERE CONDUCTED BY 4 MEMBERS OF THE FINANCE COMMITTEE INCLUDING THE TREASURER, INTERIM CFO, NEW CFO AND DIRECTOR OF BUSINESS OPERATIONS. AFTER INTERVIEWS, THE RFP COMMITTEE MET AND VOTED ON THE FIRM THAT WAS SELECTED