2022-11-14T08:04:37-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 6175225544 2022-11-07 1 JEFFREY DUBOIS 999009999 LAURA J KENNEY P00202198 6177170831 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JEFFREY DUBOIS 20 NEWTON STREET BROOKLINE MA 024457498 68017157 0 X WWW.DEXTERSOUTHFIELD.ORG X 1926 MA DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 28 28 416 100 13468 11379 6649822 3986428 49095187 54475668 2693321 1707071 0 0 58438330 60169167 9224175 9137880 0 0 25894422 27633506 0 0 1714290 14668439 17006329 49787036 53777715 8651294 6391452 119216504 119267019 45634638 45943837 73581866 73323182 DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 0 0 35212091 51781163 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 9137880 9137880 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 1986446 2694505 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 46336417 1 1 0 0 0 0 0 1 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 1 0 1 0 0 0 0 0 0 0 0 1 95 0 1 416 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X JEFFREY DUBOIS 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 TODD VINCENT HEAD OF SCHOOL 60.00 X 580852 0 55441 STEPHANIE GOVERNALI DIRECTOR OF EXTERNAL RELATIONS 50.00 X 236343 0 133270 IAN MOORHOUSE DIRECTOR OF OPERATIONS 50.00 X 190000 0 165990 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 60.00 X 223990 0 99981 DANIEL DONATO ADMISSIONS/COACH 50.00 X 211911 0 100200 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 60.00 X 251193 0 47703 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 50.00 X 186269 0 35690 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 50.00 X 163300 0 38532 GEORGE WRIGHT ATHLETICS TEACHER 50.00 X 157660 0 41417 SCOTT DUDDY DIR. OF ADMISSIONS AND ENROLLMENT 50.00 X 159000 0 37246 KENNETH CHICOS TRUSTEE 4.00 X 0 0 0 BRANT C BINDER TRUSTEE 4.00 X 0 0 0 IAN O' KEEFFE TRUSTEE 4.00 X 0 0 0 ELIZABETH H BALDINI TRUSTEE 4.00 X 0 0 0 GLORIA YANG TRUSTEE 4.00 X 0 0 0 HASAN JAFRI TRUSTEE 4.00 X 0 0 0 MEGHAN SWENSON TRUSTEE 4.00 X 0 0 0 SEAN KEOHANE TRUSTEE 4.00 X 0 0 0 ROBERT MCALEER TRUSTEE 4.00 X 0 0 0 DAVID DORMON TRUSTEE 4.00 X 0 0 0 MICHAEL FORRESTER TRUSTEE 4.00 X 0 0 0 JONATHAN A KRAFT TRUSTEE 4.00 X 0 0 0 TERENCE CONNELL TRUSTEE 4.00 X 0 0 0 RICHARD ALLEN TRUSTEE 4.00 X 0 0 0 DENIS CLEARY TRUSTEE 4.00 X 0 0 0 JASON IMPERATO MD TRUSTEE 4.00 X 0 0 0 SHUNEE YEE TRUSTEE 4.00 X 0 0 0 CHRISTOPHER H REYNOLDS TRUSTEE 4.00 X 0 0 0 MARK E FUSCO TRUSTEE 4.00 X 0 0 0 SUSANNAH WILSON TRUSTEE 4.00 X 0 0 0 JEFFREY UNGER TRUSTEE THRU 11/2021 4.00 X 0 0 0 EMILY BURNS TRUSTEE THRU 08/2021 4.00 X 0 0 0 JONATHAN ASHE TRUSTEE 4.00 X 0 0 0 WALTER DONOVAN TRUSTEE 4.00 X 0 0 0 JOHN SIMOURIAN TRUSTEE 4.00 X 0 0 0 CATHERINE STANZLER TRUSTEE 4.00 X 0 0 0 SCOTT GIESELMAN TRUSTEE/PRESIDENT 10.00 X X 0 0 0 JESSICA SCHMITZ TRUSTEE/VICE PRESIDENT 4.00 X X 0 0 0 RYLAN M HAMILTON TRUSTEE/TREASURER 4.00 X X 0 0 0 STEFANIE CRONIN TRUSTEE/CLERK 4.00 X X 0 0 0 2360518 0 755470 33 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1987439 COMPASS FACILITY SERVIES INC 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 564465 LOCAL MOTION OF BOSTON INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 TRANSPORTATION 400398 ARCARCHITECTURAL RESOURCES CAMBRIDGE I 501 BOYLSTON STREET BOSTON MA 02116 ARCHITECTURAL 337570 SEVEN SONS LANDSCAPING INC PO BOX 248 WALPOLE MA 02032 LANDSCAPING 153945 7 3986428 236219 3986428 TUITION & FEES 611110 51389432 51389432 SUMMER PROGRAM 611110 2694505 2694505 OTHER REVENUE 611110 391731 391731 54475668 676881 -17068 693949 8592975 285205 7810755 37235 782220 247970 1030190 30536 999654 60169167 54475668 13468 1693603 9137880 9137880 2042367 341999 1329071 371297 91685 91685 16467391 13715121 2140678 611592 995304 836677 127689 30938 6667199 6221985 396463 48751 1369560 1113035 198650 57875 211077 211077 85155 85155 123020 123020 150185 150185 67433 52341 11921 3171 2140205 1850981 137528 151696 48000 37257 8485 2258 3180886 2993214 120874 66798 137443 4522 132921 20953 16264 3704 985 1374924 1293803 52247 28874 3360465 3162198 127698 70569 446751 420393 16977 9381 TAX ON FOREIGN INVESTME 3020 3020 FOOD SERVICE 1944083 1944083 CONTRACTED SERVICES 1391196 1079836 245930 65430 SUMMER AND OTHER PROGRA 920843 714752 162783 43308 1400690 1312913 69331 18446 53777715 46336417 5727008 1714290 3463397 5015217 3515515 2374788 158804 245279 155090 135869 817632 1057877 108216327 49007076 57856379 59209251 47569637 42582589 5584562 8538242 95488 107907 119216504 119267019 800732 562732 11477583 14134413 31103871 30995327 2000000 0 252452 251365 45634638 45943837 X 65376976 66650268 8204890 6672914 73581866 73323182 119216504 119267019 X 6391452 -6535136 -115000 X 0 1 X 1 0 X 5011574 13468404 3941827 6649822 3986428 33058055 5011574 13468404 3941827 6649822 3986428 33058055 5545661 27512394 624550 682951 763909 604394 693663 3369467 36427522 227595414 0.75530 0.72840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 51927033 1608618 -5166006 51667 1399653 46918325 39622157 1416753 12223005 38865 1296017 51927033 39414229 1346420 129293 38147 1229638 39622157 38844004 282201 1501485 36893 1176568 39414229 37524028 202750 2341659 33136 1191297 38844004 0.90958 0.04188 0.04854 0 0 358747 358747 83465256 35322671 48142585 11368162 6029181 5338981 11733721 7655224 4078497 1290441 1290441 59209251 ALTERNATIVE INVESTMENTS 8538242 C 8538242 ACCRUED INTEREST PAYABLE 244858 CHARITABLE GIFT ANNUITY PAYABLE 6507 251365 X 40584171 -6535136 -6535136 47119307 123020 12926840 13049860 60169167 40842855 0 40842855 123020 12811840 12934860 53777715 PART III, LINE 4: THE SCHOOL HOLDS TWO PORTRAITS FOR DISPLAY AT THE SCHOOL. BEYOND THIS ARTWORK DISPLAYED IN THE HALLWAYS, THE SCHOOL GALLERY PROVIDES DEDICATED SPACE TO ELEVATE STUDENT ARTWORK. PART V, LINE 4: DEXTER SOUTHFIELD DRAWS UP TO 3.5% ANNUALLY FROM THE ENDOWMENT TO SUPPORT OPERATIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN THE CURRENT YEAR RETURN AND BELIEVE THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,808,820. LOSS ON PLEDGE RECEIVABLE 115,000. TAX ON FOREIGN INVESTMENTS 3,020. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,808,820. TAX ON FOREIGN INVESTMENTS 3,020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE CURRENT FISCAL YEAR THE RACIALLY NON-DISCRIMINATORY POLICY WAS PUBLISHED ON THE SCHOOL'S HOMEPAGE OF ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 1359142 0 0 0 0 0 0 1359142 0 1359142 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID TO STUDENTS 237 9137880 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO SSS WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. FINANCIAL AID IS AWARDED IN A NONDISCRIMINATORY AND OBJECTIVE MANNER. X 0 0 X X X X 0 0 0 0 0 0 0 1 0 TODD VINCENT HEAD OF SCHOOL 450000 0 100000 0 30852 0 29000 0 26441 0 636293 0 0 0 STEPHANIE GOVERNALI DIRECTOR OF EXTERNAL RELATIONS 235043 0 1300 0 0 0 19999 0 113271 0 369613 0 0 0 IAN MOORHOUSE DIRECTOR OF OPERATIONS 173000 0 17000 0 0 0 17300 0 148690 0 355990 0 0 0 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL 203950 0 20040 0 0 0 20395 0 79586 0 323971 0 0 0 DANIEL DONATO ADMISSIONS/COACH 179771 0 1300 0 30840 0 17977 0 82223 0 312111 0 0 0 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 249893 0 1300 0 0 0 21262 0 26441 0 298896 0 0 0 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 184969 0 1300 0 0 0 12341 0 23349 0 221959 0 0 0 BRIAN BLOOMFIELD HEAD OF UPPER SCHOOL 162000 0 1300 0 0 0 12160 0 26372 0 201832 0 0 0 GEORGE WRIGHT ATHLETICS TEACHER 152200 0 5460 0 0 0 15070 0 26347 0 199077 0 0 0 SCOTT DUDDY DIR. OF ADMISSIONS AND ENROLLMENT 145000 0 14000 0 0 0 10900 0 26346 0 196246 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, TODD VINCENT, AND THE ASSOCIATE DIRECTOR OF ADMISSIONS, DANIEL DONATO LIVE IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED IN THEIR FORM W-2 INCOME. PART I, LINE 7 ALL HIGHLY COMPENSATED EMPLOYEES WERE GIVEN A BONUS. THE BONUS TOTALS WERE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. NO BONUSES WERE BASED UPON A REVENUE- OR NET REVENUE-BASED FORMULA BUT WERE A RESULT OF THE REVIEWS FROM THE SCHOOL'S PERFORMANCE MANAGEMENT SYSTEM. SCHEDULE J, PART II, COLUMN D STEPHANIE GOVERNALI'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $86,830 FOR 2 CHILDREN. IAN MOORHOUSE'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $122,295 FOR 3 CHILDREN. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $53,145 FOR ONE CHILD, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $55,815 FOR ONE CHILD. TUITION REMISSION IS A NON-TAXABLE BENEFIT OFFERED TO ALL EMPLOYEES. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2015-09-14 32262736 TO RETIRE A PORTION OF 2007 BONDS AND FUND THE REFUNDING TRUST AGREEMENT 0 0 0 A 32262736 510416 31752320 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2022 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 91685 EMPLOYEE OF THE SCHOOL 0 X 21 236219 FMV ON DATE OF GIFT 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENTS THE INDIVIDUALS WHO DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE SCHOOL. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. IF THERE IS A POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE TO THE COMMITTEE ON TRUSTEES AND GOVERNANACE AND ANY OTHER BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE THE DISCLOSURE HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF A CONFLICT OF INTEREST IS FOUND, THE GOVERNANCE COMMITTEE WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE SCHOOL'S BEST INTEREST AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL AND OTHER KEY EMPLOYEES. THE COMMITTEE COMPARES DATA FROM COMPARABLE SURROUNDING INDEPENDENT SCHOOLS TO DETERMINE ADEQUATE COMPENSATION. DELIBERATION AND DECISION ARE DOCUMENTED AT THE COMMITTEE LEVEL. THE HEAD OF SCHOOL ANNUAL REVIEW IS CONDUCTED JOINTLY BY THE BOARD PRESIDENT AND THE CHAIR OF THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON PLEDGE RECEIVABLE -115,000.