2021-12-10T13:48:03-06:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2020-07-01 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 2021-12-08 1 ROBERT KRAMER 999009999 LAURA J KENNEY P00202198 6177170831 2021-12-08 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JASON SAGHIR PO BOX 992 GROTON MA 01450 32173334 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, AND EMPOWERS YOU TO TAKE ACTION FOR THE GREATER GOOD." 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. 27 26 207 45 0 0 4184061 3286510 23186617 23019123 1176325 1010051 366199 2390706 28913202 29706390 4769814 5169104 0 0 12363986 13591340 110085 0 1517624 9320955 8506360 26564840 27266804 2348362 2439586 72139806 84353087 15247022 14529769 56892784 69823318 X 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, AND EMPOWERS YOU TO TAKE ACTION FOR THE GREATER GOOD." 0 0 22678648 5169104 23533703 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 403 STUDENTS ENROLLED DURING THE 2020/2021 SCHOOL YEAR. 22678648 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 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 68 0 1 207 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 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 399569 0 206895 ROBERT KRAMER ASST HEAD OF SCHOOL FOR FINANCE & OP 60.00 X 191567 0 51984 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 60.00 X 165548 0 51572 CHRISTOPHER DAVEY ASST HEAD OF SCHOOL FOR INSTITUTIONAL STRATEG A/O 60.00 X 203805 0 1379 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 60.00 X 157804 0 37769 MELINDA RABOIN DIRECTOR OF HEALTH CENTER 60.00 X 168348 0 13354 PHILIP BLOOD DIRECTOR OF ADMISSIONS 60.00 X 109212 0 64335 FRANK MASTRANGELO DIRECTOR OF CAMPUS SAFETY & SECURITY, ASS'T DIR. O 60.00 X 113656 0 58796 SEAN SHEEHAN DIRECTOR OF COLLEGE COUNSELING 60.00 X 104493 0 57033 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 40.00 X 120613 0 36304 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 BRADFORD HOBBS TRUSTEE 2.00 X 0 0 0 STEPHEN WILKINS TRUSTEE 2.00 X 0 0 0 BRUCE MACNEIL TRUSTEE 2.00 X 0 0 0 KIYOHIKO HIROSE TRUSTEE 2.00 X 0 0 0 EDWARD STEINBORN TRUSTEE 2.00 X 0 0 0 KAREN MITCHELL BRANDVOLD TRUSTEE 2.00 X 0 0 0 ELIZABETH GROSS TRUSTEE THRU 5/2021 2.00 X 0 0 0 SUSANNA GALLANT TRUSTEE 2.00 X 0 0 0 CHRISTOPHER BERNENE TRUSTEE 2.00 X 0 0 0 DEBORAH BARNES TRUSTEE 2.00 X 0 0 0 TIMOTHY M ARMSTRONG TRUSTEE 2.00 X 0 0 0 RONALD M ANSIN TRUSTEE 2.00 X 0 0 0 KEVIN A ANDERSON TRUSTEE 2.00 X 0 0 0 ROBERT ACHTMEYER TRUSTEE 2.00 X 0 0 0 RANDY CHAMBERLAIN TRUSTEE 2.00 X 0 0 0 COURTNEY COX HARRISON TRUSTEE A/O 01/29/21 2.00 X 0 0 0 MICHAEL MCLAUGHLIN TRUSTEE 2.00 X 0 0 0 JASON SAGHIR TRUSTEE/PRESIDENT 5.00 X X 0 0 0 GORDON SEWALL TRUSTEE/SECRETARY 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 1734615 0 579421 23 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 DINING HALL SERVICE 902694 X-PRO CLEANING INC 20 HILLTOP ROAD DRACUT MA 01826 CLEANING SERVICE 408865 CCS PRESENTATION SYSTEMS 132 NORTHEASTERN BLVD NASHUA NH 03062 AUDIO VISUAL EQUIPMENT PROVIDER 315726 HOLLAND & KNIGHT LLP 10 ST JAMES AVENUE BOSTON MA 02116 LEGAL COUNSEL 112054 ACTIVE INTERNET TECHNOLOGIES LLC PO BOX 783838 PHILADELPHIA PA 19178 WEBSITE DEVELOPMENT 108566 11 27066 3259444 175865 3286510 ACADEMIC YEAR TUITION 611110 23013363 23013363 SUMMER PROGRAMS 611110 5760 5760 23019123 974011 974011 1000 0 1000 1000 1000 2475307 2439267 36040 36040 36040 23200 27066 24660 -1460 -1460 4603 3017 1586 1586 PPP LOAN FORGIVENESS 611110 1875000 1875000 MISCELLANEOUS REVENUE 611110 514580 514580 2389580 29706390 23533703 0 2886177 75000 75000 5094104 5094104 1156394 303667 699060 153667 8961571 7342866 850731 767974 653675 514599 82083 56993 2110871 1788472 199568 122831 708829 550726 90436 67667 57105 57105 36300 36300 110067 110067 99634 70877 28757 240337 29049 183094 28194 878842 421288 245879 211675 125792 121389 3145 1258 3117165 3008064 77929 31172 66633 48935 52 17646 175815 175815 1900782 1834254 47520 19008 243187 243187 FOOD SERVICE 1081734 1043997 26955 10782 ATHLETIC EXPENSES 130817 130817 ACADEMIC DEPT. EXPENSES 104285 104285 MISCELLANEOUS STUDENT S 78858 78858 59007 12463 46544 27266804 22678648 3070532 1517624 6106606 5344486 2964168 5823899 431622 460554 379049 18329 14840 14990 36688 29281 458307 743575 66368042 36248233 31606652 30119809 29722356 41292602 419518 505562 72139806 84353087 2240516 2237244 4841645 6294120 6289861 5998405 1875000 0 15247022 14529769 X 31864150 36664832 25028634 33158486 56892784 69823318 72139806 84353087 X 2439586 10414598 76350 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28975139 1490158 10998277 256586 891809 40315179 29584342 1279278 -756481 246764 885236 28975139 28901863 1126880 645599 176574 913426 29584342 26611658 386221 2893554 257250 732320 28901863 26229620 1286091 3283809 4187862 26611658 0.34790 0.35370 0.29840 0 0 3463442 3463442 52621620 26450181 26171439 10090511 9798052 292459 192469 192469 30119809 X 34103747 10414598 92681 10507279 23596468 110067 5999855 6109922 29706390 21173213 6637 6637 21166576 110067 5990161 6100228 27266804 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: FUNDRAISING EVENT 3,620. CHANGE IN VALUE OF PERPETUAL TRUSTS 86,044. COST OF GOODS SOLD 3,017. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,880,854. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 9,694. CAPITAL CAMPAIGN EXPENSES 109,307. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT COST 3,620. COST OF GOODS SOLD 3,017. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,880,854. CAPITAL CAMPAIGN EXPENSES 109,307. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. SPRING SOCIAL AND FUNDRAISER 50266 27066 23200 21040 3620 50266 27066 23200 21040 3620 24660 -1460 1 TOWN OF GROTON 173 MAIN STREET GROTON MA 01450 046001164 75000 CONTRIBUTION MADE TO THE TOWN TO HELP SUBSIDIZE THEIR ANNUAL OPERATING BUDGET. 1 FINANCIAL AID FOR STUDENT 127 5094104 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 1 0 R DANIEL SCHEIBE HEAD OF SCHOOL 395724 0 0 0 3845 0 22800 0 184095 0 606464 0 0 0 ROBERT KRAMER ASST HEAD OF SCHOOL FOR FINANCE & OP 190741 0 0 0 826 0 16600 0 35384 0 243551 0 0 0 ROBINSON C MOORE ASSOCIATE HEAD OF SCHOOL 163719 0 0 0 1829 0 13536 0 38036 0 217120 0 0 0 CHRISTOPHER DAVEY ASST HEAD OF SCHOOL FOR INSTITUTIONA 203000 0 0 0 805 0 0 0 1379 0 205184 0 0 0 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL 157684 0 0 0 120 0 11615 0 26154 0 195573 0 0 0 MELINDA RABOIN DIRECTOR OF HEALTH CENTER 167703 0 0 0 645 0 3500 0 9854 0 181702 0 0 0 PHILIP BLOOD DIRECTOR OF ADMISSIONS 108840 0 0 0 372 0 9628 0 54707 0 173547 0 0 0 FRANK MASTRANGELO DIRECTOR OF CAMPUS SAFETY & SECURITY 102741 0 10600 0 315 0 8772 0 50024 0 172452 0 0 0 SEAN SHEEHAN DIRECTOR OF COLLEGE COUNSELING 104322 0 0 0 171 0 8759 0 48274 0 161526 0 0 0 CARL ANDERSON DIRECTOR OF BUILDINGS AND GROUNDS 120392 0 0 0 221 0 10972 0 25332 0 156917 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, ELIZABETH MARGRAF, ASSISTANT HEAD OF SCHOOL, PHILIP BLOOD, DIRECTOR OF ADMISSIONS, FRANK MASTRANGELO, DIRECTOR OF CAMPUS SAFETY & SECURITY AND SEAN SHEEHAN, DIRECTOR OF COLLEGE COUNSELING. LAWRENCE ACADEMY BELIEVES THE HOUSING IS NOT TAXABLE. PART I, LINE 7 THE DIRECTOR OF CAMPUS SAFETY AND SECURITY RECEIVED A BONUS BASED ON OVER TIME HE WORKED TO PROTECT THE CAMPUS DURING THE PANDEMIC. 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 1240436 4200000 4200000 2012 1 0 1 1 B 1161159 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 7 149575 FMV AT DONATION X AUCTION ITEMS 28 21040 FMV AT DONATION X RAFFLE ITEM 1 3000 FMV AT DONATION X REUSABLE WATER BOTTLES 1 2250 FMV AT DONATION 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO GAVE DONATIONS FOR SECURITIES PUBLICLY TRADED. THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS DONATED FOR THE AUCTION AND RAFFLE ITEMS. ONE DONOR ALSO CONTRIBUTED WATER BOTTLES TO STUDENTS AND FACULTY. 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 -9,694. CHANGE IN VALUE OF PERPETUAL TRUSTS 86,044.