2021-11-15T11:34:09-06:00 2021-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2020-07-01 020223317 Brewster Academy BREW 6035697105 80 Academy Drive Wolfeboro NH 03894 Robert Mueller Treasurer 6035697105 2021-11-12 1 Robert Mueller 999009999 Barbara J McGuan CPA P00219457 2077752387 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Kristy Kerin 80 Academy Drive Wolfeboro NH 03894 32534340 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 21 21 251 23 13000 0 4694670 6388925 24177490 24435109 354493 502934 540598 281239 29767251 31608207 5825206 6558015 0 0 12558347 11453640 0 0 1218510 8033280 8222632 26416833 26234287 3350418 5373920 70295249 87057353 24025597 30188043 46269652 56869310 X An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 0 1 20664151 6558015 23981684 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 421494 0 453425 The Summer Program featured remote educational programs and conferences during the summer recess, including the Session and Royal Thai Scholars. 21085645 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 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 1 1 0 0 0 1 48 0 1 251 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697105 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine Chairman 2.00 X X 0 0 0 Arthur W Coviello Jr Vice Chairman 2.00 X X 0 0 0 Robert Mueller Treasurer 2.00 X X 0 0 0 Carlos Noble Secretary 2.00 X X 0 0 0 Steven Alperin Trustee 2.00 X 0 0 0 Richard Blackburn Trustee 2.00 X 0 0 0 Karen Boykin-Towns Trustee 2.00 X 0 0 0 Zachary Carlile Trustee 2.00 X 0 0 0 Richard Carlson Trustee 2.00 X 0 0 0 Martha Cassidy Trustee 2.00 X 0 0 0 James Curvey Trustee 2.00 X 0 0 0 George J Dohrmann III Trustee 2.00 X 0 0 0 Karen Fix Trustee 2.00 X 0 0 0 Gabrielle Gatta Sloss Trustee 2.00 X 0 0 0 Peter Grayson Trustee 2.00 X 0 0 0 Joan Hill Trustee 2.00 X 0 0 0 Yong Hak Huh Trustee 2.00 X 0 0 0 Ashley Pettus Trustee 2.00 X 0 0 0 Rev Nancy Spencer Smith Trustee 2.00 X 0 0 0 Steven Webster Trustee 2.00 X 0 0 0 Richard Wood II Trustee 2.00 X 0 0 0 Derek Murphy Past Trustee 2.00 X 0 0 0 Craig Gemmell Head of School 60.00 X 616622 0 106724 Susan Harrington CFO 50.00 X 151316 0 14998 Kristy M Kerin Assoc. Head of School 60.00 X 190531 0 30361 Lynne M Palmer Director of External Affairs 50.00 X 150479 0 30033 Peter Gilligan Chief Technology & Ops. Officer 50.00 X 142978 0 30435 Nick Wilbur Director of Admissions 50.00 X 134524 0 41484 Ricardo Careno Assist. Head of School/Global Prgms 50.00 X 125380 0 13592 Lisa Braiterman Former CFO 0.00 X 116691 0 0 1628521 0 267627 11 1 1 0 Dewing Schmidt Kearns Architects & Plann 30 Monument Square Concord MA 01742 Architectural Design 716932 Harvey Construction Corporation 10 Harvey Road Bedford NH 03110 General Contractor 591332 Perkins Paper LLC 630 John Hancock Road Taunton MA 02780 Food Services 295857 On-Site Medical Services LLC 71 Belknap Avenue Newport NH 03773 Covid-19 Testing 130768 4 1836200 4552725 76201 6388925 Tuition and Fees 611710 22715277 22715277 Instructional Support 611710 1063828 1063828 Summer Programs 611710 453425 440425 13000 Student Related 611710 190617 190617 Miscellaneous Revenue 611710 11962 11962 24435109 272422 272422 1123456 33189 912725 13408 210731 19781 230512 230512 Distribution from beneficial trus 900099 281239 281239 281239 31608207 24422109 13000 784173 6558015 6558015 889660 889660 8458805 6650273 876799 931733 191443 171569 19874 1274233 935020 264097 75116 639499 476264 112921 50314 155528 155528 55478 55478 1112138 910331 190277 11530 12781 12781 598644 467861 107037 23746 886449 873194 13255 152170 115103 36012 1055 531002 470322 60680 1848536 1822531 26005 254800 254800 Dining Hall 648966 641738 7228 Loss on Extinguishment 634473 634473 Equipment & Maintenance 425477 382113 16825 26539 Plant Expenses 260767 260767 645423 350544 216276 78603 26234287 21085645 3930132 1218510 X 3025464 1549849 9981556 17708521 1113728 744367 3780 204245 56434 54117 176555 251751 69756824 29858261 34872067 39898563 12128809 15677794 296291 200001 8936856 10471854 70295249 87057353 821781 2314208 5481541 6510815 15036887 18387301 88056 98024 176699 1836200 761132 2700996 24025597 30188043 X 22676284 25005028 23593368 31864282 46269652 56869310 70295249 87057353 X 5373920 3683879 1541859 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12170635 1067179 3937351 559223 16615942 12198521 75135 439040 542061 12170635 11940461 93590 789482 625012 12198521 11303269 698485 585425 646718 11940461 10824765 96392 1082464 700352 11303269 0.00000 0.61255 0.38746 0 0 2285479 2285479 47637131 20647478 26989653 5026216 3919873 1106343 14807998 5290910 9517088 39898563 Deferred Compensation Plans 375633 Beneficial Interest in Perpetual Trust 8947778 Charitable Gift Annuity 744602 Property held for investment 403841 10471854 Charitable Gift Annuity 311704 Deferred Compensation Payable 375133 CARES Act Funding 1836205 Finance Lease 177954 2700996 Part IV, Line 2b: The Organization has custodial fund accounts held for students. Funds are deposited in a debit account and are held on the student's behalf. Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes, including scholarships and operations. Its endowment includes donor-restricted endowment funds. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Through newspaper, television, and radio advertising, and in school literature. 1 Financial Aid 181 0 6558015 FMV Brewster Academy provides financial aid to students based on need Part I, Line 2: Grants and Other Assistance to Individuals - The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Schedule I, Part III, Line F Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Craig Gemmell Head of School 322554 0 65095 0 228973 0 65498 0 41226 0 723346 0 0 0 Kristy M Kerin Assoc. Head of School 178293 0 2238 0 10000 0 9377 0 20984 0 220892 0 0 0 Lynne M Palmer Director of External Affairs 150479 0 0 0 0 0 7393 0 22640 0 180512 0 0 0 Nick Wilbur Director of Admissions 131570 0 2954 0 0 0 6758 0 34726 0 176008 0 0 0 Peter Gilligan Chief Technology & Ops. Officer 131688 0 2290 0 9000 0 7419 0 23016 0 173413 0 0 0 Susan Harrington CFO 140026 0 2290 0 9000 0 7321 0 7677 0 166314 0 0 0 Lisa Braiterman Former CFO 0 0 0 0 116691 0 0 0 0 0 116691 0 101691 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions, Director of External Affairs, and Associate Head of School in the amount of $14,900 each. The Head of School receives a tax gross-up for tuition remission. Part I, Line 4b Craig Gemmell, Head of School, participates in a 457f plan. Brewster Academy contributed $32,000 on his behalf into the plan. Part I, Line 7 Craig Gemmell, Head of School, Nick Wilbur, Director of Admissions, and Kristy Kerin, Associate Head of School, received a bonus during the year based on goals established in their contracts which were met during the prior year. Peter Gilligan, COO, Nick Wilber, Director of Admissions and Susan Harrington CFO also received bonuses based on leadership of the COVID task force. A New Hampshire Health and Education Facilities Authority 020279866 2020-10-28 18872000 To refinance previous bonds and finance routine capital expenditures 0 0 0 A 305146 18872000 377440 15113858 3380702 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 12 76201 FMV 0 0 0 Form 990, Part III, line 3 On campus classes were suspended in March of 2020. Students studied remotely for the remainder of the school year. On campus summer programs were suspended in the Summer of 2020 due to the ongoing COVID-19 pandemic. The Smith Center gym membership program for members of the local community was also suspended for the same reason. Form 990, Part VI, Section A, line 7a Commonwealth of MA has the right to appoint members of the Brewster Trust, who are members of the Board of Trustees under the Charter. Form 990, Part VI, Section B, line 11b The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c All present Trustees and each new Trustee, prior to taking his/her position on the Board shall submit in writing to the Chairman of the Board a list of all businesses or other organizations of which s/he is an officer, director, trustee, member, owner, shareholder, employee or agent, with which Brewster Academy has, or might reasonably in the future enter into, a relationship or transaction in which the Trustee would have conflicting interests. This disclosure shall be provided by each Board Member to the Chairman of the Board on an annual basis. The Chairman of the Board shall become familiar with the statements of all trustees in order to guide appropriate conduct should a conflict arise. Voting - At such time as any matter comes before the Board in such a way as to give rise to a conflict of interest, the affected Trustee shall make known the potential conflict, whether disclosed by his/her written statement or not, and after answering any questions that might be asked of him/her, shall withdraw from the Board meeting for so long as the matter shall continue under discussion. The Conflict of Interest Policy must be signed individually by members of the Board of Trustees, and there is an annual review of the conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Charitable Gift Annuity 130,416. Change in Value of Beneficial Interest in Perpetual Trust 1,468,100. Change in Pledge Discounting and Allowance for Pledges -56,657. The John Brewster Trust 1550 Worcester Road 607 Framingham MA 01702 046289100 Perpetual Trust NH N/A T 1468100 8947778 0.70000 0 BA International LLC 80 Academy Drive Wolfeboro NH 03894 851684404 Educational Services NH Brewster Academy C 92473 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 BA International LLC B 296291 FMV