WILBRAHAM & MONSON ACADEMY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- WILBRAHAM & MONSON ACADEMY (EIN 04-2105838)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-03-08
- IRS object ID
- 202140679349300739
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-08T14:07:33-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CHURCH STREET 12TH FLOOR | AddressLine1Txt |
| City | HARTFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042105838 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILBRAHAM AND MONSON ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILB | BusinessNameControlTxt |
| Phone | 4135966811 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 423 MAIN STREET | AddressLine1Txt |
| City | WILBRAHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01095 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN P EASLER | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 4135966811 | PhoneNum |
| Signature | 2021-03-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICIA MCGOWAN | PreparerPersonNm |
| PTIN | P00184514 | PTIN |
| Phone | 9592007000 | PhoneNum |
| Preparation | 2021-03-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN P EASLER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 423 MAIN STREET | AddressLine1Txt |
| City | WILBRAHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01095 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,320,529 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WMA.US | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 202 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,879,748 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,223,362 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,585,135 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,283,989 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$216,944 | PYInvestmentIncomeAmt |
| CY Investment Income | $68,993 | CYInvestmentIncomeAmt |
| PY Other Revenue | $345,171 | PYOtherRevenueAmt |
| CY Other Revenue | $526,394 | CYOtherRevenueAmt |
| PY Total Revenue | $24,593,110 | PYTotalRevenueAmt |
| CY Total Revenue | $22,102,738 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,351,450 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,336,550 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,161,945 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,656,833 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,151,587 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,631,742 | PYOtherExpensesAmt |
| CY Other Expenses | $6,720,206 | CYOtherExpensesAmt |
| PY Total Expenses | $23,145,137 | PYTotalExpensesAmt |
| CY Total Expenses | $22,713,589 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,447,973 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$610,851 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $37,946,412 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,033,544 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $13,792,691 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,044,622 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $24,153,721 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,988,922 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,917,433 | ExpenseAmt |
| Grant | $4,336,550 | GrantAmt |
| Revenue | $20,342,846 | RevenueAmt |
| Desc | PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL ENROLLMENT OF APPROXIMATELY 401 STUDENTS. PROGRAM SERVICE EXPENSES INCLUDE INSTRUCTIONAL, SCHOLARSHIP, LIBRARY, AND INFIRMARY. WITHIN A CARING AND SUPPORTIVE ENVIRONMENT, THE ACADEMY MAKES AVAILABLE AN ABUNDANT OFFERING OF CURRICULAR AND EXTRACURRICULAR EXPERIENCES. ALL MEMBERS OF THE COMMUNITY ARE ENCOURAGED TO DEVELOP THEIR TALENTS BY MEANS OF THE ACADEMY'S MENTORING PHILOSOPHY CENTRALLY IMPORTANT TO THE SCHOOL'S MISSION. | Desc |
| Total Program Service Expenses | $16,917,433 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 202 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIM DAVIS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4135966811 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 423 MAIN ST | AddressLine1Txt |
| City | WILBRAHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01095 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| SCOTT B JACOBS | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES E LACROSSE | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK R SHENKMAN | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID A REEVES | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KRISTA HANSON | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANDREW MELE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BARRY M MALONEY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BONNIE FAULKNER RYAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAITLIN S FLYNN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER ANTONACCI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CRAIG RUBIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JUDITH A KNAPP | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA B GRIFFIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL SULLIVAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RAYMOND ANTON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT LITTLE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM GUERIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIAN P EASLER | |||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $356,820 | $0 | $70,465 | ||
| KIM DAVIS | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $204,105 | $0 | $40,433 | ||
| DONALD NICHOLSON | |||||||
| DIRECTOR OF ATHLETICS | 40.00 | $113,694 | $0 | $40,053 | Yes (X) | ||
| JOHN BOOZANG | |||||||
| DIRECTOR OF COLLEGE COUNSEL | 40.00 | $107,505 | $0 | $29,179 | Yes (X) | ||
| KATE GAW | |||||||
| DIRECTOR OF ADMISSION & FI | 40.00 | $144,042 | $0 | $21,123 | Yes (X) | ||
| MARK AIMONE | |||||||
| DIRECTOR OF ADVANCEMENT | 40.00 | $209,547 | $0 | $57,392 | Yes (X) | ||
| ERIK KINDBLOM | |||||||
| DEAN OF ACADEMICS | 40.00 | $101,194 | $0 | $41,829 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,236,907 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $300,474 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FONTAINE BROS INC | |||||
| 510 COTTAGE STREET | SPRINGFIELD | MA | 01104 | CONTRACTOR | $3,947,752 |
| COMPASS GROUP | |||||
| PO BOX 417632 | BOSTON | MA | 022417632 | FOOD SERVICES | $1,546,247 |
| ABLE SERVICES INTEGRATED FACILITIES MGMT | |||||
| PO BOX 3900 | SAN FRANCISCO | CA | 941390001 | CLEANING SERVICE | $295,838 |
| FLANSBURGH ARCHITECTS | |||||
| 77 N WASHINGTON ST | BOSTON | MA | 02114 | ARCHITECT | $281,463 |
| SUPREME SYSTEMS INC | |||||
| PO BOX 610444 | DALLAS | TX | 75261 | CONTRACTOR | $260,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,223,362 | AllOtherContributionsAmt |
| Noncash Contributions | $46,967 | NoncashContributionsAmt |
| Total Contributions | $1,223,362 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $20,225,055 | $20,225,055 |
| SUPPORTING SERVICES | 611710 | $58,934 | $58,934 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,283,989 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,243 | TotalRevenueColumnAmt |
| Exclusion | $61,243 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $134,267 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $19,847 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $114,420 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,420 | TotalRevenueColumnAmt |
| Exclusion | $114,420 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,032,507 | SecuritiesAmt |
| Other | $21,204 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,034,387 | SecuritiesAmt |
| Other | $11,574 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,880 | SecuritiesAmt |
| Other | $9,630 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,750 | TotalRevenueColumnAmt |
| Exclusion | $7,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $210,840 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $151,983 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,857 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $58,857 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INSURANCE SETTLEMENT PROCEEDS | 900099 | $210,118 | $210,118 |
| OTHER SUPPORT SERVICES | 611710 | $142,999 | $142,999 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $353,117 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,102,738 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,342,846 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $536,530 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,336,550 | TotalAmt |
| Program Services | $4,336,550 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,802 | TotalAmt |
| Program Services | $23,367 | ProgramServicesAmt |
| Management And General | $603,969 | ManagementAndGeneralAmt |
| Fundraising | $93,466 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,756,181 | TotalAmt |
| Program Services | $6,015,832 | ProgramServicesAmt |
| Management And General | $1,172,676 | ManagementAndGeneralAmt |
| Fundraising | $567,673 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $545,349 | TotalAmt |
| Program Services | $442,810 | ProgramServicesAmt |
| Management And General | $66,329 | ManagementAndGeneralAmt |
| Fundraising | $36,210 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,024,570 | TotalAmt |
| Program Services | $1,532,707 | ProgramServicesAmt |
| Management And General | $335,459 | ManagementAndGeneralAmt |
| Fundraising | $156,404 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $609,931 | TotalAmt |
| Program Services | $453,605 | ProgramServicesAmt |
| Management And General | $109,178 | ManagementAndGeneralAmt |
| Fundraising | $47,148 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,189 | TotalAmt |
| Management And General | $46,189 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,764 | TotalAmt |
| Management And General | $55,764 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $654,969 | TotalAmt |
| Program Services | $567,687 | ProgramServicesAmt |
| Management And General | $87,282 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $379,106 | TotalAmt |
| Program Services | $11,271 | ProgramServicesAmt |
| Management And General | $352,023 | ManagementAndGeneralAmt |
| Fundraising | $15,812 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,264 | TotalAmt |
| Program Services | $12,494 | ProgramServicesAmt |
| Management And General | $225,349 | ManagementAndGeneralAmt |
| Fundraising | $38,421 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,035 | TotalAmt |
| Management And General | $85,004 | ManagementAndGeneralAmt |
| Fundraising | $56,031 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,070,933 | TotalAmt |
| Program Services | $1,751,877 | ProgramServicesAmt |
| Management And General | $293,274 | ManagementAndGeneralAmt |
| Fundraising | $25,782 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,883 | TotalAmt |
| Program Services | $273,692 | ProgramServicesAmt |
| Management And General | $46,240 | ManagementAndGeneralAmt |
| Fundraising | $48,951 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,005 | TotalAmt |
| Program Services | $13,631 | ProgramServicesAmt |
| Management And General | $1,374 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,592 | TotalAmt |
| Management And General | $55,592 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,243,322 | TotalAmt |
| Program Services | $819,342 | ProgramServicesAmt |
| Management And General | $405,964 | ManagementAndGeneralAmt |
| Fundraising | $18,016 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,496 | TotalAmt |
| Management And General | $235,496 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ACADEMIC/STUDENT EXPENS | $723,689 | $422,051 | $254,697 | $46,941 |
| REPAIRS AND MAINTENANCE | $260,812 | $214,243 | $46,118 | $451 |
| BAD DEBTS | $160,144 | $160,144 | ||
| FURNITURE FIXTURES EQUI | $33,003 | $26,274 | $6,448 | $281 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,713,589 | TotalAmt |
| Program Services | $16,917,433 | ProgramServicesAmt |
| Management And General | $4,644,569 | ManagementAndGeneralAmt |
| Fundraising | $1,151,587 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,403,917 | BOYAmt |
| EOY | $1,355,116 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,918,616 | BOYAmt |
| EOY | $3,847,378 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,633 | BOYAmt |
| EOY | $12,213 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,873 | BOYAmt |
| EOY | $351,769 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,880 | BOYAmt |
| EOY | $110,399 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $293,827 | BOYAmt |
| EOY | $355,435 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $40,572,804 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,265,839 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,289,199 | BOYAmt |
| EOY | $22,306,965 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,334,934 | BOYAmt |
| EOY | $10,270,682 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,388 | BOYAmt |
| EOY | $284,496 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,145 | BOYAmt |
| EOY | $139,091 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,946,412 | BOYAmt |
| EOY | $39,033,544 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,767,144 | BOYAmt |
| EOY | $1,745,658 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,876,311 | BOYAmt |
| EOY | $4,278,458 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,900,000 | BOYAmt |
| EOY | $3,755,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,402,347 | BOYAmt |
| EOY | $3,093,405 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $846,889 | BOYAmt |
| EOY | $3,172,101 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,792,691 | BOYAmt |
| EOY | $16,044,622 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,943,876 | BOYAmt |
| EOY | $16,017,951 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,209,845 | BOYAmt |
| EOY | $6,970,971 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,153,721 | BOYAmt |
| EOY | $22,988,922 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,946,412 | BOYAmt |
| EOY | $39,033,544 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$610,851 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$171,931 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$382,015 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,764,368 | BeginningYearBalanceAmt |
| Contributions | $65,981 | ContributionsAmt |
| Investment Earnings Or Losses | -$174,382 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $460,534 | OtherExpendituresAmt |
| End Year Balance | $10,195,433 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,644,024 | BeginningYearBalanceAmt |
| Contributions | $168,351 | ContributionsAmt |
| Investment Earnings Or Losses | $374,413 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $422,420 | OtherExpendituresAmt |
| End Year Balance | $10,764,368 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,965,537 | BeginningYearBalanceAmt |
| Contributions | $1,440,427 | ContributionsAmt |
| Investment Earnings Or Losses | $648,248 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $410,188 | OtherExpendituresAmt |
| End Year Balance | $10,644,024 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,453,184 | BeginningYearBalanceAmt |
| Contributions | $156,115 | ContributionsAmt |
| Investment Earnings Or Losses | $756,359 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $400,121 | OtherExpendituresAmt |
| End Year Balance | $8,965,537 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,094,971 | BeginningYearBalanceAmt |
| Contributions | $335,690 | ContributionsAmt |
| Investment Earnings Or Losses | -$603,744 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $373,733 | OtherExpendituresAmt |
| End Year Balance | $8,453,184 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.39050 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.29180 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.31770 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,927,712 | OtherCostOrOtherBasisAmt |
| Book Value | $4,927,712 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,806,953 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,365,398 | DepreciationAmt |
| Book Value | $10,441,555 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,116,417 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,660,872 | DepreciationAmt |
| Book Value | $455,545 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,721,722 | OtherCostOrOtherBasisAmt |
| Depreciation | $239,569 | DepreciationAmt |
| Book Value | $6,482,153 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,306,965 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| SWAP CONTRACT LIABILITY | $1,072,677 |
| DEFERRED OBLIGATIONS | $11,293 |
| CAPITAL LEASE | $139,588 |
| DUE TO ENDOWMENT | $24,823 |
| REFUNDABLE ADVANCE PPP | $1,923,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,172,101 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $17,391,036 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$171,931 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $6,965 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$4,566,582 | OtherRevenueAmt |
| Revenue Not Reported | -$4,731,548 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,122,584 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$19,847 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$19,847 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,102,737 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,555,835 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $6,965 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $171,830 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $178,795 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,377,040 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,336,550 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,336,550 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,713,590 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | INVESTMENT RETURN FROM THE ACADEMY'S ENDOWMENT IS APPROPRIATED ANNUALLY, IN ACCORDANCE WITH THE BOARD APPROVED SPENDING POLICY, TO UNDERWRITE A PORTION OF THE ACADEMY'S ANNUAL OPERATING BUDGET, INCLUDING FINANCIAL AID AWARDS, FACULTY COMPENSATION AND PROFESSIONAL DEVELOPMENT AND OTHER QUALIFYING OPERATING EXPENSES. |
| PART X, LINE 2: | THE ACADEMY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 AND 2019. THE ACADEMY'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2017 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ACADEMY HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 151,983. CHANGE IN VALUE OF INTEREST RATE SWAP -380,123. FINANCIAL AID -4,336,550. UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -1,892. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES -19,847. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 151,983. RENTAL EXPENSES 19,847. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 4,336,550. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE ACADEMY DOES NOT DISCRIMINATE AGAINST APPLICANTS OR STUDENTS ON THE BASIS OF RACE, SEX, CREED, RELIGION, HANDICAP OR NATIONAL ORIGIN. THIS POLICY APPLIES TO ALL ASPECTS OF THE ADMISSIONS POLICY, THE AWARDING OF FINANCIAL AID, AND TO SCHOOL LIFE IN GENERAL. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | STUDENT TRAVEL | $23,714 |
| MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $6,580 |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | STUDENT TRAVEL | $4,644 |
| SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, | 0 | 0 | PROGRAM SERVICES | ALUMNI RELATIONS, FUNDRAISING | $1,526 |
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $5,368 |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $58,122 |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $8,595 |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $13,235 |
| RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, | 0 | 0 | PROGRAM SERVICES | STUDENT RECRUITING | $9,528 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | ALUMNI RELATIONS, FUNDRAISING | $23,116 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | ALUMNI RELATIONS, FUNDRAISING | $9,305 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | STUDENT TRAVEL | $13,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $121,784 | SubtotalSpentAmt |
| Continuation Spent | $54,949 | ContinuationSpentAmt |
| Total Spent | $176,733 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID TO STUDENTS | GrantTypeTxt |
| Recipient | 194 | RecipientCnt |
| Non Cash Assistance | $4,336,550 | NonCashAssistanceAmt |
| Valuation Method Used | FAIR VALUE | ValuationMethodUsedDesc |
| Non Cash Assistance | FINANCIAL AID AWARDED AS A REDUCTION OF TUITION CHARGE | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FAMILIES INTERESTED IN RECEIVING FINANCIAL AID NOTIFY THE ADMISSION OFFICE AND SUBMIT AN APPLICATION THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID ("SSS"). SSS WILL ESTIMATE THE FAMILY CONTRIBUTION AMOUNT USING FINANCIAL INFORMATION SUBMITTED BY THE FAMILY DURING THE APPLICATION PROCESS. THE ACADEMY USES THIS ESTIMATE AS A GUIDE, ALONG WITH FINANCIAL INFORMATION PROVIDED BY THE FAMILY, TO DETERMINE THE AMOUNT OF THE AWARD TO THE STUDENT. FINANCIAL AID IS NOT A CASH GRANT AWARD. ACTUAL FINANCIAL AID AWARDS ARE REFLECTED AS CREDITS TOWARDS TUITION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIAN P EASLER | ||||||||||||||
| HEAD OF SCHOOL | $356,544 | $0 | $0 | $0 | $276 | $0 | $47,000 | $0 | $23,465 | $0 | $427,285 | $0 | $0 | $0 |
| KIM DAVIS | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $203,589 | $0 | $0 | $0 | $516 | $0 | $20,947 | $0 | $19,486 | $0 | $244,538 | $0 | $0 | $0 |
| DONALD NICHOLSON | ||||||||||||||
| DIRECTOR OF ATHLETICS | $113,344 | $0 | $0 | $0 | $350 | $0 | $11,890 | $0 | $28,163 | $0 | $153,747 | $0 | $0 | $0 |
| KATE GAW | ||||||||||||||
| DIRECTOR OF ADMISSION & FI | $143,558 | $0 | $0 | $0 | $484 | $0 | $14,484 | $0 | $6,639 | $0 | $165,165 | $0 | $0 | $0 |
| MARK AIMONE | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $209,271 | $0 | $0 | $0 | $276 | $0 | $15,075 | $0 | $42,317 | $0 | $266,939 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE ACADEMY, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A HOME OWNED BY THE ACADEMY AND SITUATED ON THE ACADEMY'S CAMPUS. THE ESTIMATED PERSONAL USE VALUE IS INCLUDED ON PART II, COLUMN D AS A NONTAXABLE BENEFIT. MARK AIMONE, DON NICHOLSON AND JOHN BOOZANG ARE ALSO PROVIDED HOUSING. IN ADDITION, THE HEAD OF SCHOOL AND MARK AIMONE ARE PROVIDED WITH A VEHICLE FOR BUSINESS USE. THE TAXABLE LEASE VALUE IS INCLUDED IN THEIR 2019 FORM W-2 AS OTHER REPORTABLE COMPENSATION. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2010-03-04 | BondIssuedDt |
| Issue Price | $4,940,000 | IssuePriceAmt |
| Purpose | TO REFINANCE 2006 BONDS USED TO CONSTRUCT AN ATHLETIC FIELD HOUSE AND FIELDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,185,000 | RetiredAmt |
| Total Proceeds | $4,940,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $70,200 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $4,869,800 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $203 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $42,532 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,850 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | OTHER | Desc |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,390 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | NUMBER REPORTED IN COLUMN B OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTORS. |
| PART I, LINE 32B: | THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN IS REVIEWED BY THE CURRENT CHAIR OF THE BOARD, CURRENT CHAIR OF THE FINANCE COMMITTEE AND CHIEF FINANCIAL OFFICER PRIOR TO SUBMISSION. THE TAX RETURN IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. IN ORDER TO PROTECT THE PRIVACY OF THE ACADEMY'S DONOR POPULATION, MANAGEMENT DISTRIBUTES FORM 990 EXCLUDING SCHEDULE B. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CHAIR OF THE BOARD IS KEPT INFORMED OF ANY CONFLICTS OF INTEREST BY BOARD MEMBERS. BOARD MEMBERS ARE EXCUSED FROM ANY DISCUSSIONS AT MEETINGS WHERE THEY HAVE A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE DETERMINES THE SALARIES OF THE HEAD OF SCHOOL AND OFFICERS BASED UPON COMPARATIVE SALARIES FOR SIMILAR POSITIONS AND DUTIES FROM DATA COLLECTED FROM PEER INSTITUTIONS. REASONABLE AND COMPETITIVE SALARIES ARE BASED ON THE DATA COLLECTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF INTEREST RATE SWAP -380,123. UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -1,892. |
| FORM 990, PART XII, LINE 2C: | THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. |