2021-04-27T10:21:29-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2019-07-01 042105775 TRUSTEES OF LAWRENCE ACADEMY AT GROTON MA CORP TRUS 9784486535 PO BOX 992 GROTON MA 01450 ROBERT KRAMER ASST. HOS FOR FINANCE & OPS. 9784486535 2021-04-20 1 LAURA J KENNEY P00202198 6177170831 2021-04-19 2019 2022-09-23 18:48:47Z JASON SAGHIR PO BOX 992 GROTON MA 01450 29240935 0 X WWW.LACADEMY.EDU X 1793 MA LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE AND INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME." THROUGH ITS MISSION AND PROGRAMS, LAWRENCE ACADEMY SEEKS EXCELLENCE AND DISTINCTION THROUGH A "STUDENT-CENTERED" APPROACH TO EDUCATION. THE SCHOOL'S FOCUS BEGINS WITH A CAREFULLY DESIGNED ACADEMIC PROGRAM THAT STRIVES FOR CREATIVE AND INTERDISCIPLINARY APPROACHES TO LEARNING. ARTS AND ATHLETICS ARE ADDITIONAL AVENUES FOR FOSTERING SELF-DISCOVERY, GROWTH, PASSION, AND ACCOMPLISHMENT IN YOUNG PEOPLE. ULTIMATELY THE TOTAL EDUCATION PROGRAM, INCLUDING LIFE ON CAMPUS AND IN THE DORMS, IS DEDICATED TO TRANSFORMING THE LIVES OF YOUNG PEOPLE AND CREATING A COMMUNITY WHERE WELL-BEING, MUTUAL SUPPORT, AND THOUGHTFUL, RESPONSIBLE LIVING ARE FOSTERED. 28 28 273 90 0 0 5304829 4184061 22639008 23186617 1561198 1176325 206376 366199 29711411 28913202 4755970 4769814 0 0 11988008 12363986 97258 110085 1400724 9997507 9320955 26838743 26564840 2872668 2348362 75325865 72139806 19018150 15247022 56307715 56892784 LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE AND INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME." 0 0 21132883 4769814 22893611 THROUGH ITS MISSION, EACH YEAR LAWRENCE ACADEMY PREPARES MORE THAN ONE HUNDRED GRADUATES FOR SUCCESS IN THEIR NEXT ACADEMIC EXPERIENCES AND IN LIFE. IN THE PROCESS, THE SCHOOL'S ACADEMICS, ARTS, AND ATHLETICS PROGRAMS ALLOW STUDENTS THE OPPORTUNITY TO EXCEL AMONGST PEERS IN THE CONTEXT OF A SUPERB EDUCATIONAL ENVIRONMENT, BOTH WITHIN AND BEYOND SCHOOL. WHILE WE WANT TO SHOW MEASURABLE DEVELOPMENT FOR EACH STUDENT, WE ALSO WANT STUDENTS TO HAVE RICH AND MEANINGFUL EXPERIENCES WITHIN AN INTERDEPENDENT COMMUNITY THAT WILL SHARPEN THEIR APTITUDE AS RESPONSIBLE CITIZENS. ULTIMATELY, WE WANT A LAWRENCE ACADEMY EDUCATION TO TRANSFORM BOTH THE INDIVIDUAL AND SOCIETY. THERE WERE 400 STUDENTS ENROLLED DURING THE 2019/2020 SCHOOL YEAR. 744956 715221 SUMMER PROGRAMS PROVIDE EDUCATIONAL AND RECREATIONAL ACTIVITIES IN BOTH A DAY AND RESIDENTIAL SETTING. APPROXIMATELY 500 YOUNG PEOPLE PARTICIPATE IN A VARIETY OF PROGRAMS. OUR PROGRAMS INCLUDE A TRADITIONAL DAY CAMP, SPECIALTY CAMPS SUCH AS ROBOTICS AND FASHION DESIGN, AS WELL AS SKILLS AND DRILLS SPORTS CAMPS. BEYOND A REVENUE SOURCE, THESE PROGRAMS PROVIDE DIRECT SUPPORT TO THE SCHOOL IN TERMS OF KEEPING THE CAMPUS VIBRANT AND ACTIVE DURING THESE MONTHS, PROVIDE ADDED EXPOSURE TO THE SCHOOL'S IDENTITY THROUGH EXTENDED OFFERINGS, AND OPPORTUNITIES FOR ENGAGEMENT AND BENEFITS TO THE LOCAL COMMUNITY. 21877839 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 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 64 0 1 273 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 0 0 MA X ROBERT KRAMER 9784486535 26 POWDERHOUSE ROAD GROTON MA 01450 R DANIEL SCHEIBE HEAD OF SCHOOL 60.00 X 382707 0 122616 ROBERT KRAMER ASST HEAD OF SCHOOL FOR FINANCE & OPERATIONS 60.00 X 190515 0 48699 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 60.00 X 164031 0 44007 JAMIE BAKER ASSISTANT HEAD OF SCHOOL THRU 1/17/20 60.00 X 142914 0 54977 MELINDA RABOIN DIRECTOR OF HEALTH CENTER 60.00 X 155803 0 9508 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 60.00 X 133202 0 29753 PHILIP BLOOD DIRECTOR OF ADMISSIONS 60.00 X 106544 0 55583 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 40.00 X 116498 0 33747 KEVIN POTTER DIRECTOR OF ATHLETICS 60.00 X 109052 0 31171 JOHN CURRAN TEACHER 40.00 X 108049 0 29250 CHRISTOPHER DAVEY TRUSTEE THRU 7/31/19/ASST. HOS FOR ADVANCEMENT 60.00 X X 77480 0 598 ROBERT ACHTMEYER TRUSTEE 2.00 X 0 0 0 JAY ACKERMAN TRUSTEE 2.00 X 0 0 0 KEVIN A ANDERSON TRUSTEE 2.00 X 0 0 0 RONALD M ANSIN TRUSTEE 2.00 X 0 0 0 TIMOTHY M ARMSTRONG TRUSTEE 2.00 X 0 0 0 DEBORAH BARNES TRUSTEE 2.00 X 0 0 0 CHRISTOPHER BERNENE TRUSTEE 2.00 X 0 0 0 BARBARA ANDERSON BRAMMER TRUSTEE 2.00 X 0 0 0 RANDY CHAMBERLAIN TRUSTEE 2.00 X 0 0 0 SUSANNA GALLANT TRUSTEE 2.00 X 0 0 0 ELIZABETH GROSS TRUSTEE 2.00 X 0 0 0 BRADFORD HOBBS TRUSTEE 2.00 X 0 0 0 SAMUEL LIANG TRUSTEE 2.00 X 0 0 0 DOUGLAS LONG TRUSTEE 2.00 X 0 0 0 PETER MYETTE TRUSTEE 2.00 X 0 0 0 PAMELA NWAOKO TRUSTEE 2.00 X 0 0 0 DAVID SANTEUSANIO TRUSTEE 2.00 X 0 0 0 ALEX SUGAR TRUSTEE 2.00 X 0 0 0 RICHARD TYSON TRUSTEE 2.00 X 0 0 0 STEPHEN WILKINS TRUSTEE 2.00 X 0 0 0 KAREN MITCHELL BRANDVOLD TRUSTEE A/O 09/19 2.00 X 0 0 0 BRUCE MACNEIL TRUSTEE 2.00 X 0 0 0 KIYOHIKO HIROSE TRUSTEE A/O 01/20 2.00 X 0 0 0 EDWARD STEINBORN TRUSTEE A/O 01/20 2.00 X 0 0 0 JASON SAGHIR TRUSTEE/PRESIDENT 5.00 X X 0 0 0 PHYLLIS ROTHSCHILD TRUSTEE/VICE PRESIDENT 5.00 X X 0 0 0 DAVID STONE TRUSTEE/TREASURER 5.00 X X 0 0 0 GORDON SEWALL TRUSTEE/SECRETARY 5.00 X X 0 0 0 1686795 0 459909 13 0 1 0 SODEXO INC PO BOX 360170 PITTSBURGH PA 15251 DINING HALL SERVICE 1609916 X-PRO CLEANING INC 20 HILLTOP ROAD DRACUT MA 01826 CLEANING SERVICE 451805 PINNACLE CONSTRUCTION COMPANY INC 160 LORUM STREET TEWKSBURY MA 01876 GENERAL CONTRACTOR 407125 BROADREACH 901 N WEST STREET RALEIGH NC 27603 STUDENT TRAVEL 171550 HOLLAND & KNIGHT LLP 10 ST JAMES AVENUE BOSTON MA 02116 LEGAL COUNSEL 155709 11 4184061 221378 4184061 ACADEMIC YEAR TUITION 611110 22471396 22471396 SUMMER PROGRAMS 611110 715221 715221 23186617 1135560 1135560 91797 152518 -60721 -60721 -60721 198513 217 157965 0 40548 217 40765 40765 21955 17250 4705 4705 MISCELLANEOUS REVENUE 611110 422215 422215 422215 28913202 23608832 0 1120309 75000 75000 4694814 4694814 1189911 247157 669823 272931 8378065 7075948 800533 501584 567977 484323 50723 32931 1558807 1272508 277856 8443 669226 534234 87644 47348 221627 221627 44751 44751 110085 110085 95913 95913 42064 19185 22879 302489 24828 253563 24098 752831 361095 191754 199982 209143 201823 5229 2091 2263759 2184527 56594 22638 173623 112588 25839 35196 184544 184544 1934433 1865071 49544 19818 241828 241828 FOOD SERVICE 1124800 1085007 28938 10855 SUMMER EXPENSES 744956 744956 MISCELLANEOUS STUDENT S 290173 290173 ATHLETIC EXPENSES 279156 279156 414865 160087 164933 89845 26564840 21877839 3286277 1400724 5161559 6106606 1621782 2964168 889787 431622 3621402 379049 25387 14840 30488 36688 580181 458307 67860907 36254255 32596148 31606652 30374611 29722356 424520 419518 75325865 72139806 2353076 2240516 10092465 4841645 6572609 6289861 0 1875000 19018150 15247022 X 32095125 31864150 24212590 25028634 56307715 56892784 75325865 72139806 X 2348362 -1748160 -15133 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29584342 1279278 -756481 246764 885236 28975139 28901863 1126880 645599 176574 913426 29584342 26611658 386221 2893554 257250 732320 28901863 26229620 1286091 3283809 4187862 26611658 27131989 888128 -769479 1021018 26229620 0.36460 0.45900 0.17640 0 0 3463442 3463442 52487646 24824213 27663433 11909819 11430042 479777 31606652 PAYCHECK PROTECTION PROGRAM LOAN 1875000 1875000 X 21823520 -1748160 169768 -1578392 23401912 95913 5415377 5511290 28913202 21238451 169768 169768 21068683 95913 5400244 5496157 26564840 PART V, LINE 4: THE ENDOWMENT FUNDS ARE PERMANENT FUNDS WITH INCOME ONLY TO BE USED FOR EITHER UNRESTRICTED OR DONOR RESTRICTED PURPOSES. IN ADDITION TO UNRESTRICTED USE, FUNDS DESIGNATED AS RESTRICTED FUNDS SUPPORT VARIOUS PURPOSES AS FOLLOWS: FINANCIAL AID, SALARIES AND BENEFITS, ACADEMICS, COMMUNITY SERVICE, PHYSICAL PLANT, PRIZES, PROFESSIONAL DEVELOPMENT, SABBATICAL PROGRAMS, SPEAKERS/VISITING SCHOLAR AND STUDENT LIFE/STUDENT LEADERSHIP. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ACADEMY ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 17,250. RENTAL EXPENSES 152,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,200,314. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 10,131. CAPITAL CAMPAIGN EXPENSES 199,930. CHANGE IN VALUE OF PERPETUAL TRUSTS 5,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 17,250. RENTAL EXPENSES 152,518. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,200,314. CAPITAL CAMPAIGN EXPENSES 199,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR ENDED JUNE 30, 2020 THE SCHOOL RECEIVED A PAYCHECK PROTECTION PLAN LOAN GRANTED BY THE U.S. DEPARTMENT OF TREASURY THROUGH THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT). SUB-SAHARAN AFRICA 0 0 ADVANCEMENT & ADMISSIONS TRIPS FUNDRAISING/STUDENT RECRUITMENT 12060 EAST ASIA AND THE PACIFIC 0 0 ADMISSION TRIPS STUDENT RECRUITMENT 7903 CENTRAL AMERICA AND THE CARIBBEAN 0 0 ADVANCEMENT FUNDRAISING 1244 0 0 0 0 0 0 21207 0 21207 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 0 DEVELOPMENT GUILDDDI 223 HARVARD ST 107 BROOKLINE MA 02446 CAPITAL CAMPAIGN CONSULTANT & ADVANCEMENT OFFICE STAFFING & 0 0 83960 0 83960 MA 1 TOWN OF GROTON 173 MAIN STREET GROTON MA 01450 046001164 SECTION 115 75000 CONTRIBUTION MADE TO THE TOWN TO HELP SUBSIDIZE THEIR ANNUAL OPERATING BUDGET. 1 FINANCIAL AID FOR STUDENT 113 4694814 PART I, LINE 2: ALL FINANCIAL AID AWARDS ARE MADE BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY THE SCHOOL AND SCHOLARSHIP SERVICE (SSS) BY NAIS. AWARDS ARE DETERMINED BY THE DIRECTOR OF FINANCIAL AID. ALL AWARDS ARE ISSUED AS REDUCTIONS IN TUITION BEING BILLED. APPROVED LIST OF AWARDS IS PROVIDED TO THE BUSINESS OFFICE AND ARE POSTED TO THE SPECIFIC STUDENT'S ACCOUNT ACCORDING TO THE TUITION PAYMENT PLAN THE FAMILY HAS SELECTED. LISTS AND POSTINGS ARE CROSS-CHECKED IN BUSINESS OFFICE TO ENSURE ACCURACY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 R DANIEL SCHEIBE HEAD OF SCHOOL 381632 0 0 0 1075 0 22400 0 100216 0 505323 0 0 0 ROBERT KRAMER ASST HEAD OF SCHOOL FOR FINANCE & OP 189715 0 0 0 800 0 16360 0 32339 0 239214 0 0 0 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 163089 0 0 0 942 0 13436 0 30571 0 208038 0 0 0 JAMIE BAKER ASSISTANT HEAD OF SCHOOL THRU 1/17/2 142372 0 0 0 542 0 12200 0 42777 0 197891 0 0 0 MELINDA RABOIN DIRECTOR OF HEALTH CENTER 155210 0 0 0 593 0 0 0 9508 0 165311 0 0 0 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 133093 0 0 0 109 0 10633 0 19120 0 162955 0 0 0 PHILIP BLOOD DIRECTOR OF ADMISSIONS 106188 0 0 0 356 0 9380 0 46203 0 162127 0 0 0 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 116288 0 0 0 210 0 9818 0 23929 0 150245 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF LAWRENCE ACADEMY, HOUSING IS PROVIDED TO DANIEL SCHEIBE, HEAD OF SCHOOL, ROBINSON MOORE, ASSISTANT HEAD OF SCHOOL, JAMIE BAKER, ASSISTANT HEAD OF SCHOOL, ELIZABETH MARGRAF, ASSISTANT HEAD OF SCHOOL, KEVIN POTTER, DIRECTOR OF ATHLETICS, AND PHILIP BLOOD, DIRECTOR OF ADMISSIONS. THE HOUSING IS NOT TAXABLE. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-01 4200000 REFINANCE OF MAY 2003 BONDS USED TO FUND VARIOUS FACILITIES EXPANSIONS 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-06-01 4200000 REFINANCE OF MAY 2003 BONDS USED TO FUND VARIOUS FACILITIES EXPANSIONS 0 0 0 A 1094287 4200000 4200000 2012 1 0 1 1 B 1015852 4200000 4200000 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 A 0 B 0 X 11 221378 FMV AT DONATION 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR LINE 9 REPRESENTS THE NUMBER OF DONORS WHO DONATED STOCK. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL BE PROVIDED WITH AN ELECTRONIC VERSION OF THE FORM 990 AND SUPPORTING SCHEDULES PRIOR TO SUBMISSION WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B, WHICH DOES NOT INCLUDE THE NAMES AND ADDRESSES OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST SIGN AN ANNUAL CONFLICT OF INTEREST FORM. IF A MEMBER OF THE BOARD OF TRUSTEES HAS AN INTEREST IN A PROPOSED TRANSACTION, HE OR SHE MUST DISCLOSE THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE CONSIDERING THE PROPOSED BUSINESS TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE MEETING WHILE THE CONFLICT IS DISCUSSED AND VOTED ON. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO WILL INFORM THE BOARD OF ITS REVIEW. THE COMMITTEE LOOKS AT COMPARABLE DATA FROM A GROUP OF SCHOOLS. DATA IS TAKEN FROM THE NAIS EXECUTIVE COMPENSATION DATA PROVIDED BY NAIS MEMBER SCHOOLS. LEGAL COUNSEL IS CONTACTED WHEN THERE ARE PROPOSED CHANGES TO THE EXISTING TERMS OF THE CONTRACT. THE MEETINGS ARE DOCUMENTED AND A NEW CONTRACT IS PREPARED FOR THE HEAD OF SCHOOL. THE COMPENSATION COMMITTEE MET SEVERAL TIMES DURING FY20 TO REVIEW, NEGOTIATE AND PREPARE A NEW CONTRACT FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL SIGNED A NEW CONTRACT ON NOVEMBER 1, 2019 THAT COVERS THE PERIOD FROM JULY 1, 2020 UP TO AND INCLUDING JUNE 30, 2025. THE HEAD OF SCHOOL IS RESPONSIBLE FOR SETTING THE SALARIES OF ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL FORMS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION WILL BE MADE AVAILABLE UPON WRITTEN REQUEST OR CAN BE VIEWED AT THE SCHOOL'S CORPORATE ADDRESS IN GROTON, MASSACHUSETTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -10,131. CHANGE IN VALUE OF PERPETUAL TRUSTS -5,002.