2022-11-01T08:53:25-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 042103869 THE BEAVER COUNTRY DAY SCHOOL INC BEAV 6177382700 791 HAMMOND STREET CHESTNUT HILL MA 024672317 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 6177382700 2022-10-19 1 JOANNE MCDANIEL XXX-XX-XXXX JUSTIN K LEROUX CPA P01722988 5083669100 2022-10-19 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOANNE MCDANIEL 791 HAMMOND STREET CHESTNUT HILL MA 024672317 38358428 0 X WWW.BCDSCHOOL.ORG X 1920 MA BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 23 22 466 42 0 0 7625966 3986990 26865219 33073311 506734 442871 0 187687 34997919 37690859 5681171 6425798 0 0 16235088 19148674 0 0 748157 10811012 11501573 32727271 37076045 2270648 614814 89227379 85211798 43191306 42298739 46036073 42913059 X BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 0 0 25394272 6134850 28887614 INSTRUCTION PROGRAM - PROVIDES AN ACADEMICALLY CHALLENGING CURRICULUM TO ALMOST 500 STUDENTS IN GRADES 6-12. STUDENTS COME FROM NUMEROUS COMMUNITIES IN EASTERN MASS., AND FROM A WIDE RANGE OF SOCIAL AND ECONOMIC BACKGROUNDS. 3087987 290948 4373384 SUMMER PROGRAM - PROVIDES EDUCATIONAL AND ATHLETIC INSTRUCTION DURING THE SUMMER TO OVER 1000 CHILDREN, RANGING IN AGE FROM 3 TO 14. 28482259 1 1 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 79 0 1 466 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOANNE MCDANIEL 6177382722 791 HAMMOND STREET CHESTNUT HILL MA 02467 RAYMONDE ALCINDOR DIRECTOR 1.00 X 0 0 0 CHARLES ARGYLE TREASURER 1.00 X X 0 0 0 STEVE BERG DIRECTOR 1.00 X 0 0 0 MATT BOTEIN DIRECTOR 1.00 X 0 0 0 MAX CAMPION DIRECTOR 1.00 X 0 0 0 DAVID EDWARDS DIRECTOR 1.00 X 0 0 0 WENDY FISCHMAN DIRECTOR 1.00 X 0 0 0 REBECCA ROTH GULLO DIRECTOR 1.00 X 0 0 0 HEIDI JOHNSON DIRECTOR 1.00 X 0 0 0 HEETEN KALAN DIRECTOR 1.00 X 0 0 0 KRISTIN LORANGER PRESIDENT 1.00 X X 0 0 0 MIMI LOVE DIRECTOR 1.00 X 0 0 0 JULIE MARCUS DIRECTOR 1.00 X 0 0 0 JESS MCLEAR DIRECTOR 1.00 X 0 0 0 BIJAN SABET DIRECTOR 1.00 X 0 0 0 ROSEMARY SHORE DIRECTOR 1.00 X 0 0 0 JENNIFER SKOLER DIRECTOR 1.00 X 0 0 0 LISA SMITH-MCQUEENIE CLERK 1.00 X X 0 0 0 BOB TAYLOR DIRECTOR 1.00 X 0 0 0 JOANNA TRAVIS DIRECTOR 1.00 X 0 0 0 JODI WALKER DIRECTOR 1.00 X 0 0 0 LYNN YOUNGEN DIRECTOR 1.00 X 0 0 0 MELINDA O'LEARY PARENT REP 1.00 X 0 0 0 LOGAN RABE STUDENT REP 1.00 X 0 0 0 AMBER KUNTZ FACULTY REP 40.00 X 84840 0 13700 ANA NORGAARD FACULTY REP 40.00 X 109200 0 2514 KIM SAMSON HEAD OF SCHOOL 40.00 X X 396039 0 75061 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 40.00 X 269827 0 43996 ERICA DEROSA DIRECTOR OF P&E 40.00 X 262630 0 21659 TIFFANY SMITH MIDDLE SCHOOL DIRECTOR 40.00 X 191637 0 25049 KADER ADJOUT DIRECTOR OF TEACHING, LEARNING, AND INNOVATION 40.00 X 184667 0 36959 LISA SZATMARY CHIEF MARKETING OFFICER 40.00 X 180668 0 36585 SHAMIKHAN BAKER DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 173348 0 34736 1852856 0 290259 53 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21039 FOOD SERVICES 1184240 LOCAL MOTION 161 NORTH STREET NEWTON MA 02460 TRANSPORTATION 518112 BOWDOIN CONSTRUCTION CORP 220-1 RESERVOIR STREET NEEDHAM HEIGHTS MA 02494 CONSTRUCTION 461449 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 FACILITY CLEANING SERVICES 448280 POUC 31 OLD ROUTE 7 BROOKFIELD CT 06804 COVID SERVICES 339375 9 3986990 3986990 TUITION & FEES 611710 28699927 28699927 SUMMER PROGRAM FEES 611710 4373384 4373384 33073311 515642 515642 594798 664690 2879 -69892 -2879 -72771 -72771 MISCELLANEOUS REVENUE 900099 187687 187687 187687 37690859 33260998 0 442871 6425798 6425798 808344 114968 463440 229936 14873848 11031673 3347034 495141 749922 566359 161937 21626 2716560 1909754 679289 127517 59380 59380 47800 47800 512609 117074 351309 44226 126393 27233 99160 1243049 718990 487204 36855 623853 623853 822931 733574 85697 3660 773154 773154 3407779 3407779 117070 117070 FOOD SERVICE 1190277 1188178 2099 REPAIRS AND MAINTENANCE 963996 45505 918491 MISCELLANEOUS 892276 394887 347309 150080 PROFESSIONAL DEVELOPMEN 274716 215550 59131 35 446290 4992716 -4183408 -363018 37076045 28482259 7845629 748157 9874975 2229204 1008209 10693445 3377171 2492955 55745 681979 647957 79685915 29725177 52362210 49960738 20183361 18579310 1683729 608189 89227379 85211798 615786 699700 14043609 14789590 27031911 25309449 1500000 1500000 43191306 42298739 X 32568402 30141986 13467671 12771073 46036073 42913059 89227379 85211798 X 614814 -2830456 -907372 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23427423 951585 -3312209 651395 20415404 16647303 2534552 4838450 592882 23427423 14275647 2618431 309434 556209 16647303 14016063 81693 815789 637898 14275647 12146826 1605045 832241 568049 14016063 0.46500 0.39040 0.14460 0 0 181047 181047 68594998 23308692 45286306 5101677 2550313 2551364 5593632 3668694 1924938 214561 197478 17083 49960738 EQUITY MUTUAL FUNDS 11735686 F FIXED INCOME MUTUAL FUNDS 2546419 F MULTI-STRATEGY HEDGE FUND 4297205 F 18579310 LINE OF CREDIT 1500000 1500000 X 27527233 -2830456 -7333170 -10163626 37690859 0 37690859 30650247 0 30650247 6425798 6425798 37076045 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2022. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CARRYING VALUE -907,372. FINANCIAL AID -6,425,798. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,425,798. PART V, LINE 4 EARNINGS FROM PERMANENTLY RESTRICTED ASSETS MAY BE USED FOR OPERATIONS, BUT THE PRINCIPAL MAY NOT BE SPENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EVERY DECEMBER THE ORGANIZATION PUBLISHES A JOINT ADVERTISEMENT WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 CAYMAN ISLANDS - BASED HEDGE FUND INVESTMENT 4297205 0 0 0 0 0 0 4297205 0 4297205 0 0 1 1 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 THE SCHOOL IS NOT REQUIRED TO COMPLETE FORM 5471 AS THE SCHOOL DID NOT MEET THE 10% OWNERSHIP THRESHOLD. SCHEDULE F, PART IV, LINE 4 THE SCHOOL IS ALSO NOT REQUIRED TO COMPLETE FORM 8621 AS THE PRIVATE FOREIGN INVESTMENT COMPANY (PFIC) RULES DO NOT APPLY TO TAX EXEMPT ORGANIZATIONS AS THE PFIC DOES NOT GENERATE ANY INCOME UNDER INTERNAL REVENUE CODE 952 SUBPART F. 0 TUITION FINANCIAL AID 129 6134850 SUMMER PROGRAM FINANCIAL AID 290948 PART III, COLUMN (B) FINANCIAL AID IS AWARDED TO STUDENTS OBJECTIVELY, BASED ON FINANCIAL NEED. TO BE CONSIDERED FOR A FINANCIAL AID GRANT FOR THEIR CHILDREN, PARENTS MUST FURNISH : 1) A COPY OF THEIR MOST RECENT FEDERAL TAX RETURN; AND 2) A COMPLETED "PARENTS FINANCIAL STATEMENT" (PFS) PROVIDED BY THE SCHOOL AND STUDENT SERVICE (SSS) AFFILIATE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. SSS ANALYZES THE PFS AND MAKES A RECOMMENDATION REGARDING FINANCIAL NEED TO THE SCHOOL FOR ITS CONSIDERATION. THE SCHOOL MAKES THE FINAL DETERMINATION OF FINANCIAL AID BASED ON THE SSS RECOMMENDATION, SOMETIMES ADJUSTED TO REFLECT UNUSUAL CIRCUMSTANCES OR SUPPLEMENTAL INFORMATION PROVIDED BY THE FAMILY. 1 X X X X X 0 0 0 0 0 0 0 0 0 KIM SAMSON HEAD OF SCHOOL 396039 0 0 0 0 0 17000 0 58061 0 471100 0 0 0 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 269827 0 0 0 0 0 22600 0 21396 0 313823 0 0 0 ERICA DEROSA DIRECTOR OF P&E 262630 0 0 0 0 0 21222 0 437 0 284289 0 0 0 KADER ADJOUT DIRECTOR OF TEACHING, LEARNING, AND 184667 0 0 0 0 0 15572 0 21387 0 221626 0 0 0 LISA SZATMARY CHIEF MARKETING OFFICER 180668 0 0 0 0 0 15553 0 21032 0 217253 0 0 0 TIFFANY SMITH MIDDLE SCHOOL DIRECTOR 191637 0 0 0 0 0 15596 0 9453 0 216686 0 0 0 SHAMIKHAN BAKER DIRECTOR OF ENROLLMENT MANAGEMENT 173348 0 0 0 0 0 14656 0 20080 0 208084 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN A SCHOOL-OWNED RESIDENCE AS PART OF HER CONTRACT. A PORTION ($48,000) OF THE FIGURE SHOWN IN PART II (D) INCLUDES THE VALUE OF THIS HOUSING BASED ON COMPARABLE LOCAL RENTALS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-02-01 15282915 REFINANCE DEBT 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-05-10 13000000 CONSTRUCTION 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2019-07-01 7000000 CONSTRUCTION 0 0 0 A 3104460 15282915 15282915 2013 1 0 1 1 B 6524087 13000000 13000000 2016 0 0 1 1 C 116494 7000000 7000000 2021 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 0 B 0 C 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES; THE MEMBERS THEN HAVE A WEEK TO SUGGEST ANY CHANGES. ANY MEMBERS OF THE BOARD MAY REQUEST A COPY OF THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF THE SCHOOL YEAR, ALL BOARD MEMBERS RECEIVE A COPY OF THE POLICY AND A DISCLOSURE STATEMENT THAT MUST BE FILLED IN AND RETURNED TO THE HEAD'S ASSISTANT, ACTING ON BEHALF OF THE BOARD CLERK. THE HEAD'S ASSISTANT MONITORS RETURNS AND ASSURES THAT ALL TRUSTEES DO SUBMIT THE DISCLOSURE STATEMENTS. ANY CONFLICTS DISCLOSED WOULD BE REVIEWED BY THE EXECUTIVE COMMITTEE, PER THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD'S COMPENSATION: EACH YEAR THE SCHOOL'S CHIEF FINANCIAL OFFICER(CFO) ASSEMBLES MARKET DATA FROM TWO PRINCIPAL SOURCES: STATISTICS COMPILED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND IRS FORM 990'S AVAILABLE FROM THE GUIDESTAR WEB SITE. EMPHASIS IS ON BENCHMARKING VERSUS A DEFINED GROUP OF 9 PEER SCHOOLS, BUT THE BROADER NEW ENGLAND MARKET IS ALSO CONSIDERED. THIS DATA IS CONDENSED, ANALYZED AND CONVEYED TO THE PRESIDENT OF THE BOARD OF TRUSTEES, WHO SHARES IT WITH THE BOARD'S EXECUTIVE COMMITTEE. THAT COMMITTEE, CONSIDERING ALSO WRITTEN PERFORMANCE EVALUATIONS, SETS THE HEAD'S COMPENSATION. FOR POSITIONS OTHER THAN THE HEAD, THE CFO ASSEMBLES OBJECTIVE MARKET DATA FROM THE NAIS AND CONVEYS THAT TO THE HEAD, WHO SETS SALARIES BASED ON THAT DATA, EMPLOYEE PERFORMANCE, AND BUDGETED FUNDS AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHARITABLE CHANGE IN CARRYING VALUE -907,372. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.