2022-05-13T14:55:37-05:00 2021-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2020-07-01 042103751 BUCKINGHAM BROWNE & NICHOLS SCHOOL BUCK 6175476100 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 TARA GOHLMANN COO/CFO 6175476100 2022-05-13 1 TARA GOHLMANN 999009999 LYNNE JOHNSON P00757336 6179129000 2022-05-13 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JENNIFER PRICE 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 111028396 0 X WWW.BBNS.ORG X 1883 MA SEE SCHEDULE O 33 31 474 31 -19134 0 5644611 14253896 49063744 50585371 4002967 29595008 0 0 58711322 94434275 8826726 10265269 0 0 33747564 36497308 0 0 2742117 13890005 16658353 56464295 63420930 2247027 31013345 184959090 260141304 55067599 78711351 129891491 181429953 X SEE SCHEDULE O 0 0 50941685 10265269 50301621 BUCKINGHAM BROWNE & NICHOLS SCHOOL IS A COEDUCATIONAL DAY SCHOOL FOR CHILDREN GRADES PRE-KINDERGARTEN THROUGH TWELVE THAT STRIVES FOR THE PURSUIT OF EDUCATIONAL EXCELLENCE WHILE CELEBRATING THE DIVERSITY OF ITS COMMUNITY AND FOSTERING INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS. STUDENTS: 1,038 TOTAL STUDENTS: 333 LOWER SCHOOL; 173 MIDDLE SCHOOL; 532 UPPER SCHOOL STUDENT DEMOGRAPHICS: 513 BOYS; 525 GIRLS; 39% STUDENTS OF COLORTEACHING FACULTY: 161 TOTAL; 85 PERCENT HAVE ADVANCED DEGREESFINANCIAL AID: 24% PERCENT OF THE STUDENT BODY COLLEGE COUNSELING: 4 COUNSELORS AVAILABLE FOR GUIDANCECOLLEGE MATRICULATION: THE CLASS OF 2021 ENTERED APPROXIMATELY 71 DIFFERENT COLLEGES AND UNIVERSITIESBB&N'S COMMITMENT TO DIVERSITY IS INTEGRAL TO THE MISSION AND VISION OF THE SCHOOL. THE DIFFERENT PERSPECTIVES AND EXPERIENCES OF OUR STUDENTS DEFINE THE FABRIC OF OUR COMMUNITY. THESE MANY PERSPECTIVES AND EXPERIENCES CONTRIBUTE TO THE GROWTH OF THE INDIVIDUALS WHO CALL BB&N THEIR ALMA MATER AND SHAPE THE CLASSROOM AND EXTRACURRICULAR EXPERIENCES. TO HAVE AS CLASSMATES AND FRIENDS PEOPLE WHO ARE DIFFERENT FROM ONESELF, TO COME TO TRULY KNOW THE BACKGROUND, EXPERIENCES, AND BELIEFS OF A NEW FRIEND, IS TO LEARN MORE DEEPLY ABOUT ONESELF AND OUR WORLD. THERE IS NO MORE IMPORTANT ATTRIBUTE IN THE PREPARATION FOR GLOBAL CITIZENSHIP.IN ADDITION, NO AMOUNTS HAVE BEEN REFLECTED IN THE FORM 990 FOR MANY HOURS OF CONTRIBUTED SERVICES FROM VOLUNTEERS. HOWEVER, MANY INDIVIDUALS VOLUNTEER THEIR TIME AND PERFORM A VARIETY OF TASKS THAT ASSIST THE SCHOOL WITH ITS ACTIVITIES. THE VALUE OF THIS CONTRIBUTED TIME AND EFFORT IS NOT REFLECTED IN THE FORM 990. EACH YEAR OVER 200 BB&N ALUMNI/AE, PARENTS AND FRIENDS SUPPORT THE SCHOOL BY VOLUNTEERING THEIR TIME. THIS GENEROUS SUPPORT ALLOWS BB&N TO ACCOMPLISH MANY OF THE THINGS THAT SET IT APART FROM OTHER INDEPENDENT DAY SCHOOLS. WE ARE ABLE TO RETAIN THE MOST QUALIFIED AND DYNAMIC FACULTY, PROVIDE TREMENDOUS ART AND ATHLETIC PROGRAMS, MAINTAIN BEAUTIFUL GROUNDS AND BUILDINGS, AND PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS. 503660 283750 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. 51445345 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 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 81 0 1 474 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 31 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 46 BELMONT STREET WATERTOWN MA 02472 DR JENNIFER P PRICE HEAD OF SCHOOL 40.00 X X 495472 0 121896 JESSE SARZANA FACULTY TRUSTEE 40.00 X 97447 0 38967 LESLIE AHLSTRAND TRUSTEE 1.00 X 0 0 0 JAKE ANDERSON-BIALIS TRUSTEE 1.00 X 0 0 0 ELIZA APPLETON TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 CARMEN ARCE-BOWEN TRUSTEE 1.00 X 0 0 0 JENNIFER WINN ARONSON TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 PAM BAKER TRUSTEE 1.00 X 0 0 0 JIMMY BERYLSON TRUSTEE 1.00 X 0 0 0 MARGARET BOASBERG TRUSTEE 1.00 X 0 0 0 ALEXI CONINE TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 TIM COHEN TRUSTEE 1.00 X 0 0 0 ALEXIS BOYLE EGAN TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 CHRISTINE GROSS-LOH TRUSTEE 1.00 X 0 0 0 RACHEL KRONER HANSELMAN TRUSTEE 1.00 X 0 0 0 ALEXANDRA EPEE-BOUNYA TRUSTEE 1.00 X 0 0 0 FREDDIE JACOBS TRUSTEE 1.00 X 0 0 0 LISA KERRIGAN TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 PETER LEVITT TRUSTEE 1.00 X 0 0 0 BRIDGET TERRY LONG TRUSTEE 1.00 X 0 0 0 TRISTIN MANNION TRUSTEE 1.00 X 0 0 0 JK NICHOLAS TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 LESLIE RIEDEL TRUSTEE 1.00 X 0 0 0 JEFF HAWKINS TRUSTEE 1.00 X 0 0 0 EMMA SAGAN TRUSTEE (UNTIL 9/1/20) 1.00 X 0 0 0 MARJORIE LICHTENBERGER TRUSTEE 1.00 X 0 0 0 SHEP PERKINS TRUSTEE 1.00 X 0 0 0 BECKY VELANDER TRUSTEE (UNTIL 9/1/20) 1.00 X 0 0 0 FAN WU TRUSTEE (FROM 9/1/20) 1.00 X 0 0 0 ADAM ZALISK TRUSTEE 1.00 X 0 0 0 ILA SHAH TRUSTEE 1.00 X 0 0 0 CHARLES A BRIZIUS CHAIR 1.00 X X 0 0 0 ERICA GERVAIS PAPPENDICK VICE CHAIR/SECRETARY 1.00 X X 0 0 0 BOB HIGGINS VICE CHAIR/TREASURER 1.00 X X 0 0 0 JASON HAFLER VICE CHAIR 1.00 X X 0 0 0 TARA S GOHLMANN COO/CFO 40.00 X 362134 0 71693 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 40.00 X 245815 0 45258 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR 40.00 X 187383 0 49625 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 40.00 X 159399 0 48943 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 40.00 X 163320 0 40920 JENNIFER TRENT DIRECTOR OF BUSINESS OPERATIONS 40.00 X 157676 0 46940 TAMAH ROSKER DIRECTOR OF HUMAN RESOURCES 40.00 X 152063 0 46051 DEREK BROSS DIRECTOR OF FACILITIES 40.00 X 141868 0 44692 ROBERT SAVAGE DIRECTOR OF FINANCE 40.00 X 143834 0 34308 KRISTI O'CONNOR DIRECTOR OF DEVELOPMENT 40.00 X 149290 0 14678 2455701 0 603971 49 0 1 0 C&W FACILITY SERVICES 4002 SOLUTIONS CENTER CHICAGO IL 60677 MAINTENANCE 497412 PHYSICIAN ONE URGENT CARE 31 OLD ROUTE 7 BROOKFIELD CT 06804 HEALTH CARE CONTRACTOR 364120 COX ENGINEERING 21 PACELLA PARK DRIVE RANDOLPH MA 02368 HVAC CONTRACTOR 276907 COMMUNITY COUNSELING SERVICES 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 COUNSELING SERVICES 234243 FOLEY HOAG LLP 155 SEAPORT BOULEVARD BOSTON MA 02210 LEGAL SERVICES 222261 13 5075784 9178112 411950 14253896 STUDENT TUITION 611600 49921895 49921895 SUMMER & OTHER TUITION 611710 255460 255460 TRANSPORTATION INCOME 480000 248673 248673 RENTAL REVENUE 532000 138585 138585 OTHER REVENUE 900099 20758 20758 50585371 3385742 -19134 3404876 24687994 18115393 16594121 0 8093873 18115393 26209266 26209266 94434275 50585371 -19134 29614142 85240 85240 10180029 10180029 2099975 1835211 264764 25731475 22171133 2133923 1426419 2656743 2125394 371944 159405 3968582 3043679 696627 228276 2040533 1632427 285674 122432 181851 181851 106861 106861 2136418 2136418 1254147 452334 529918 271895 24956 24581 375 312611 124711 103511 84389 940416 799353 94042 47021 4048624 3884169 164455 241484 240130 199 1155 320517 187414 62642 70461 405730 405730 3583201 3439873 143328 261382 35502 225880 SUPPLIES 967762 914945 21821 30996 EQUIPMENT RENTAL/MAINTE 957623 953325 4133 165 BOOKS & DUES 539568 484409 52474 2685 375202 260967 82181 32054 63420930 51445345 9233468 2742117 1147059 1977911 14659121 12612659 1002155 1626781 22511334 24228400 915820 769023 156456717 50395355 65840489 106061362 5565820 7175594 73138120 100869724 179172 4819850 184959090 260141304 4695711 5363963 39107689 44413168 10708824 28756697 555375 177523 55067599 78711351 X 70384764 99446833 59506727 81983120 129891491 181429953 184959090 260141304 X 31013345 20546567 -21450 X 0 1 X 1 0 X 5659465 7702331 4530819 5644611 14253896 37791122 5659465 7702331 4530819 5644611 14253896 37791122 1370013 36421109 1204709 290046 983149 817303 3404876 6700083 44491205 235603892 0.81860 0.74630 X SCHEDULE A, PART II, SPECIAL RULE IN SCHEDULE B: THE BASIS OF BUCKINGHAM BROWNE & NICHOLS SCHOOL'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 167.00 0 0 0 1 1 80.00 0 1 82360609 3608126 29857792 3354805 112471722 81386804 1789677 2494143 3310015 82360609 80358235 1839578 2437778 3248787 81386804 76996555 1741177 4746904 3126401 80358235 71604876 2271434 6482539 3362294 76996555 0.30370 0.69630 0.00000 0 0 54259392 54259392 87095514 39778195 47317319 3593657 2707140 886517 9079327 7910020 1169307 2428827 2428827 106061362 GLOBAL EQUITY FUNDS 18594836 F EMERGING MARKETS EQUITY FUNDS 7961544 F U.S. EQUITY FUNDS 20422406 F MULTI-STRATEGY FUNDS 23933395 F NON-MARKETABLE FUNDS 29957543 F 100869724 ENROLLMENT DEPOSITS 680 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 176843 177523 X 97567161 20546567 -21450 20525117 77042044 2136418 15255813 17392231 94434275 46028699 0 46028699 2136418 15255813 17392231 63420930 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: AMMORTIZATION OF ANNUITY DISCOUNTS -21,450. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 10,180,029. EMPLOYEE RETENTION CREDIT INCOME NETTED WITH EXPENSES ON AUDITED FS 5,075,784. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 10,180,029. EMPLOYEE RETENTION CREDIT INCOME NETTED WITH EXPENSES ON AUDITED FS 5,075,784. 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 34090669 0 0 0 0 0 0 34090669 0 34090669 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 THE FAMILY COOPERATIVE INC 46 BELMONT STREET WATERTOWN MA 02472 461859126 501(C)(3) 85240 FMV RENT & UTILITIES BB&N HAS FORGIVEN THE RENT AND UTILITIES OWED BY THE FAMILY COOPERATIVE DURING FISCAL YEAR 2021. 1 FINANCIAL AID 268 10180029 CREDIT TO STUDENT ACCOUNT 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 FOLLOWS THE PRINCETON RECOMMENDATIONS AND APPLIES THE GRANT TO THE TUITION CHARGED. PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: THE FAMILY COOPERATIVE INC (H) PURPOSE OF GRANT OR ASSISTANCE: BB&N HAS FORGIVEN THE RENT AND UTILITIES OWED BY THE FAMILY COOPERATIVE DURING FISCAL YEAR 2020. ONE OF THE CONDITIONS OF THE RENTAL AGREEMENT BETWEEN BB&N AND THE FAMILY COOPERATIVE IS THAT BB&N ENROLLEES WHO SATISFY THE FAMILY COOPERATIVE'S CRITERIA FOR ACCEPTANCE WILL BE GIVEN PREFERENCE AND WILL BE ACCEPTED TO FILL ANY VACANCIES. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR JENNIFER P PRICE HEAD OF SCHOOL 490992 0 0 0 4480 0 48000 0 73896 0 617368 0 0 0 TARA S GOHLMANN COO/CFO 283006 0 0 0 79128 0 38500 0 33193 0 433827 0 0 0 JULIE A GRAY CHIEF ADVANCEMENT OFFICER 245167 0 0 0 648 0 24194 0 21064 0 291073 0 0 0 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR 186855 0 0 0 528 0 19487 0 30138 0 237008 0 0 0 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 151904 0 0 0 7495 0 16248 0 32695 0 208342 0 0 0 JENNIFER TRENT DIRECTOR OF BUSINESS OPERATIONS 157196 0 0 0 480 0 16703 0 30237 0 204616 0 0 0 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 162672 0 0 0 648 0 17209 0 23711 0 204240 0 0 0 TAMAH ROSKER DIRECTOR OF HUMAN RESOURCES 151415 0 0 0 648 0 16197 0 29854 0 198114 0 0 0 DEREK BROSS DIRECTOR OF FACILITIES 141430 0 0 0 438 0 14881 0 29811 0 186560 0 0 0 ROBERT SAVAGE DIRECTOR OF FINANCE 143075 0 0 0 759 0 33360 0 948 0 178142 0 0 0 KRISTI O'CONNOR DIRECTOR OF DEVELOPMENT 148810 0 0 0 480 0 14678 0 0 0 163968 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. A MASS DEVELOPMENT FINANCE ACADEMY 043431814 2011-12-19 15000000 REFUND 2006 BOND ISSUE 0 0 0 B MASS DEVELOPMENT FINANCE ACADEMY 043431814 2021-01-13 20375000 SEE PART VI 0 0 0 A 4625000 15000000 236123 14763877 2011 1 0 1 1 B 1624000 20375000 20375000 0 0 0 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 36 411950 0 0 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, A COEDUCATIONAL 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 FULL FORM 990 AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES HAS ACCESS TO THE COMPLETE FORM 990 WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B. THE NAMES OF THOSE DONORS WHO WISH TO REMAIN ANONYMOUS HAVE BEEN REDACTED FROM SCHEDULE B. 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 GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: AMORTIZATION OF ANNUITY DISCOUNTS -21,450.