2021-05-14T17:57:14-05:00 2020-06-30 420174325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2019-07-01 042104064 THE FENN SCHOOL FENN 9783695800 516 MONUMENT STREET CONCORD MA 01742 DAVID PLATT ASST HEADMASTER FOR FIN. & OPS 9783695800 2021-05-14 1 LYNNE JOHNSON P00757336 6179129000 2019 2022-09-23 18:48:47Z DEREK R BOONISAR 516 MONUMENT STREET CONCORD MA 01742 27180567 0 X WWW.FENN.ORG X 1929 MA THE FENN SCHOOL IS AN ACCREDITED INDEPENDENT DAY SCHOOL FOR APPROXIMATELY 325 BOYS IN GRADES 4 THROUGH 9. THE MAIN OBJECTIVE OF THE SCHOOL IS TO PROVIDE A SOLID, BALANCED CURRICULUM FOR ELEMENTARY AND MIDDLE SCHOOL AGE BOYS, WITH EMPHASIS ON ACADEMICS, ARTS, AND ATHLETICS THROUGH COORDINATED COURSES THAT INTEGRATE ACROSS DISCIPLINES, THE SCHOOL PREPARES STUDENTS FOR RIGOROUS SECONDARY SCHOOL WORK AND ACADEMIC ACHIEVEMENT. 27 26 237 87 0 0 3831020 5064484 15152692 15293499 1560661 1753125 145088 140036 20689461 22251144 1844839 1976867 0 0 10222833 10580692 77551 0 903052 6191767 6177277 18336990 18734836 2352471 3516308 88973016 88053581 19156975 16512882 69816041 71540699 X THE FENN SCHOOL SEEKS TO PREPARE BOYS FOR A LIFETIME OF LEARNING, LEADERSHIP, AND INTEGRITY BY OFFERING A BROAD AND CHALLENGING EDUCATIONAL PROGRAM IN A PERSONAL COMMUNITY THAT HONORS DIVERSITY. INSPIRED BY THE IDEALS OF HONESTY, RESPECT, EMPATHY, COURAGE, AND GUIDED BY THE MOTTO, SUA SPONTE, EACH BOY IS CHALLENGED TO ACCEPT RESPONSIBILITY FOR HIMSELF, FOR HIS OWN EDUCATION, AND FOR THE WELL-BEING OF OTHERS. 0 0 7624847 988433 7658693 ACADEMIC PROGRAM - THE SCHOOL IS AN ACCREDITED EDUCATIONAL INSTITUTION FOR APPROXIMATELY 325 BOYS, GRADES 4 THROUGH 9. THE SCHOOL PROVIDES A SOLID CURRICULUM IN ENGLISH, SCIENCE, SOCIAL STUDIES, MATHEMATICS, AND LANGUAGES (LATIN AND SPANISH). MATHEMATICS AND LANGUAGE CURRICULA ALLOW FOR STANDARD-LEVEL AS WELL AS ADVANCED-LEVEL LEARNING, DEPENDING ON THE STUDENT'S ABILITIES. THE ENTIRE ACADEMIC PROGRAM IS AN UPWARD PROGRESSION TOWARD SOPHISTICATED COGNITIVE REASONING AND INTELLECTUAL CHALLENGES TO PREPARE BOYS FOR SECONDARY SCHOOL EDUCATION. 3812424 494217 3829346 ARTS PROGRAM - BEGINNING IN GRADE 4, THE STUDENTS ARE INTRODUCED TO A SIX-YEAR SEQUENTIAL CURRICULUM IN THE ARTS BEGINNING WITH STUDIO ART, DRAMA, MUSIC AND WOOD SHOP. AS THE STUDENT PROGRESSES THROUGH EACH GRADE OTHER ARTS PROGRAM OFFERINGS BECOME AVAILABLE, SUCH AS CERAMICS AND PHOTOGRAPHY. IN GRADES 8 AND 9, STUDENTS MAY SELECT FROM A BROAD ARRAY OF COURSES MENTIONED PLUS OTHERS SUCH AS PAINTING, CARTOONING, THEATER TECH, VIDEO PRODUCTION, STEEL DRUMS, GUITAR AND RHYTHM ENSEMBLE. STUDENTS ARE REQUIRED TO COMPLETE THREE ART REQUIREMENTS FOR GRADUATION: ONE EACH IN FINE ARTS, DRAMATIC ARTS AND MUSICAL ARTS. 3812424 494217 3829346 ATHLETICS PROGRAM - THIS PROGRAM PROMOTES ATHLETIC COMPETENCE, CONFIDENCE, AND ENJOYMENT FOR STUDENTS OF VARYING ATHLETIC ABILITIES AND INTERESTS. IT STRESSES LEARNING AND PRACTICING INDIVIDUAL AND TEAM SKILLS, AND IT OFFERS A VARIETY OF INDIVIDUAL AND TEAM ACTIVITIES WITH VARIOUS LEVELS OF COMPETITION. AT ALL LEVELS GOOD SPORTSMANSHIP IS EMPHASIZED AS THE PRIMARY LESSON TO BE LEARNED FROM A WELL ORGANIZED ATHLETIC PROGRAM. SPORTS OPTIONS, DEPENDING ON GRADE, INCLUDE SOCCER, FOOTBALL, CROSS COUNTRY, TRACK, BASKETBALL, WRESTLING, ICE HOCKEY, TENNIS, AND ALSO ALLOWS FOR SPORTS ALTERNATIVE WITH PARENTAL/SCHOOL APPROVAL. 15249695 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 43 0 237 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 1 1 1 1 1 1 0 MA X DAVID A PLATT ASST HEADMASTER FOR FIN & OPS 9783183524 516 MONUMENT STREET CONCORD MA 01742 DEREK R BOONISAR HEADMASTER 60.00 X X 278145 0 100504 DAVID A PLATT ASST. HEADMASTER FOR FINANCE & OPS 40.00 X 212540 0 40119 JOHN SHARON DIR. OF THE ACADEMIC PRO., CHAIR OF SS DEPT. 40.00 X 124087 0 46276 VERONICA JORGE-CURTIS DIRECTOR OF ADVANCEMENT 40.00 X 155303 0 9795 NATHANIEL H CARR DIR. OF FACULTY & PROF. DEVELP; HEAD OF LOWER SCHO 40.00 X 116229 0 42615 DAVID DIPERSIO DIRECTOR OF FACILITIES 40.00 X 114450 0 35279 DANA R PACHECO BUSINESS MANAGER 40.00 X 109537 0 39753 ANA MARTINEZ ALEMAN VICE CHAIRMAN 5.00 X X 0 0 0 ANDREA J DARLING TRUSTEE 5.00 X 0 0 0 ANDREW J SHILLING TRUSTEE 5.00 X 0 0 0 ANDREW J SOHN TRUSTEE, EX OFFICIO 5.00 X 0 0 0 CAROL C MORIARTY CLERK 5.00 X X 0 0 0 DOUGLAS B SHARPE TRUSTEE 5.00 X 0 0 0 FREDERICK H LOVEJOY III TRUSTEE, EMERITUS 5.00 X 0 0 0 G ZACHARY GUND TRUSTEE 5.00 X 0 0 0 GENESIS ROYAL-LANGHAM TRUSTEE 5.00 X 0 0 0 H CHANDLER MANLY TRUSTEE 5.00 X 0 0 0 HILARY N STEINERT TRUSTEE 5.00 X 0 0 0 JAMES F REMINGTON TRUSTEE 5.00 X 0 0 0 JAMES G KITENDAUGH CHAIRMAN 5.00 X X 0 0 0 JEFFREY W ADAMS TRUSTEE 5.00 X 0 0 0 JERRELL ENGERMANN TRUSTEE 5.00 X 0 0 0 LISA M SCOPA TREASURER 5.00 X X 0 0 0 MELLISA MCCRAY EX OFFICIO TRUSTEE 5.00 X 0 0 0 MICHAEL C FOX TRUSTEE 5.00 X 0 0 0 R DANIEL SCHEIBE TRUSTEE 5.00 X 0 0 0 RACHEL JL KRAMER TRUSTEE 5.00 X 0 0 0 RICHARD W GALLANT TRUSTEE 5.00 X 0 0 0 STEVEN L STONE TRUSTEE 5.00 X 0 0 0 TARA BURGESS EDELMAN TRUSTEE 5.00 X 0 0 0 TARAGH MULVANY TRUSTEE 5.00 X 0 0 0 TINA MURDOUGH TRUSTEE 5.00 X 0 0 0 1110291 0 314341 16 0 1 0 FLIK - COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 663084 ERLAND CONSTRUCTION INC 71 THIRD AVE BURLINGTON MA 01803 CONSTRUCTION 321970 BEDFORD CHARTER SERVICE INC 11 RAILROAD AVENUE BEDFORD MA 01730 TRANSPORTATION 299730 MENARD AND SONS INC PO BOX 601 BURLINGTON MA 01803 LANDSCAPING 276557 DEBONIAR LIMOUSINE LLC PO BOX 677 READING MA 01867 TRANSPORTATION 225586 8 1291600 3772884 216298 5064484 SCHOOL TUITION 611600 13779458 13779458 SUMMER CAMP PROGRAM 611710 1487075 1487075 EXTENDED DAY CARE 611710 26966 26966 15293499 924279 924279 95720 0 95720 95720 95720 5706132 4467033 410253 1239099 -410253 828846 828846 53387 40384 13003 13003 19180 11753 7427 7427 TUITION REFUND INSURANCE 900099 23886 23886 23886 22251144 15317385 0 1869275 1976867 1976867 661471 226600 263118 171753 7719820 6005076 1348751 365993 444034 318149 94405 31480 1150075 775934 302366 71775 605292 460011 108711 36570 124626 124626 102400 61440 40960 73597 73597 63726 63726 74062 52107 21955 32265 31609 656 596671 513538 7136 75997 289434 220618 62681 6135 801 801 1176938 1106481 33147 37310 74824 65216 3675 5933 12532 1068 8880 2584 507877 472735 16533 18609 1492787 1391075 47852 53860 106603 106603 DINING, EVENTS, RECEPTI 658935 630515 9335 19085 STUDENT ACTIVITIES AND 477920 477920 PROFESSIONAL DEVELOPMEN 83978 73228 7055 3695 PARENTS' ASSOCIATION 70569 70569 156732 86909 68206 1617 18734836 15249695 2582089 903052 3259352 4077866 1798558 771122 41404 25677 359620 338679 63662703 20113182 44185360 43549521 38028581 38283348 1230806 904137 69335 103231 88973016 88053581 1248639 1077919 4268481 2399679 2250000 2250000 11389855 10785284 19156975 16512882 X 41885739 43007457 27930302 28533242 69816041 71540699 88973016 88053581 3516308 -1791650 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35819995 2352219 262290 0 1526000 0 36908504 33335925 2218609 1682161 1416700 35819995 30622805 1374604 2567176 1288660 33335925 24644290 3391056 3675661 1088202 30622805 22482094 3097408 -412 934800 24644290 0.25000 0.53000 0.22000 0 0 9204633 9204633 48125993 14922573 33203420 6332077 5190609 1141468 43549521 BONDS PAYABLE 10785284 10785284 X 18471038 -1791650 -1976867 -3768517 22239555 63726 -52137 11589 22251144 16746380 52137 52137 16694243 63726 1976867 2040593 18734836 PART V, LINE 4: THE INTENDED USES OF THE SCHOOL'S ENDOWMENT FUNDS ARE FOR FACULTY SALARIES AND MERIT INCREASES, FACULTY ENRICHMENT, FACULTY/STAFF TRAVEL GRANTS, FINANCIAL AID, SCHOLARSHIPS, PHILANTHROPY FUND, FOUNDERS FUND FOR EDUCATION INNOVATION, MULVANY CENTER, SUPPORT FOR FACULTY/STAFF CHILDREN ATTENDING THE FENN SCHOOL. PART X, LINE 2: THE SCHOOL IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR NET REVENUE FROM UNRELATED BUSINESS ACTIVITIES. THE SCHOOL IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE SCHOOL RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2020 AND 2019. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION INCOME ON FINANCIAL STATEMENTS -1,976,867. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -11,753. SPECIAL EVENTS EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -40,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 11,753. SPECIAL EVENTS EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B 40,384. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION INCOME ON FINANCIAL STATEMENTS 1,976,867. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN COMMUNITY NEWSPAPERS AND CATALOGUES SCHEDULE E, PART I, LINE 6 IN 2020, THE PAYCHECK PROTECTION PROGRAM LOAN IN THE AMOUNT OF $1,291,600 WAS APPROVED BY THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) AND DISBURSED TO THE SCHOOL. AS OF JUNE 30, 2020, THE SCHOOL HAS MET THE FORGIVENESS REQUIREMENTS AND HAS RECOGNIZED THE FULL AMOUNT AS CONTRIBUTION INCOME. LOGO APPAREL SALE 53387 53387 40384 53387 53387 40384 40384 13003 1 TUITION REMISSION 9 364290 FAIR MARKET VALUE REDUCTION IN TUITION TUITION FINANCIAL AID 60 1477392 FAIR MARKET VALUE REDUCTION IN TUITION STUDENT FEES FINANCIAL AID 69 135185 FAIR MARKET VALUE REDUCTION IN FEES CHARGED PART I, LINE 2: GRANTS FOR FINANCIAL AID ARE NEED-BASED AND AWARDED BY THE FINANCIAL AID COMMITTEE AS DETERMINED BY FINANCIAL DISCLOSURE INFORMATION PROVIDED BY THE FAMILY OF THE RECIPIENT. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DEREK R BOONISAR HEADMASTER 273182 0 0 0 4963 0 16738 0 83766 0 378649 0 0 0 DAVID A PLATT ASST. HEADMASTER FOR FINANCE & OPS 212043 0 0 0 497 0 13037 0 27082 0 252659 0 0 0 JOHN SHARON DIR. OF THE ACADEMIC PRO., CHAIR OF 123531 0 0 0 556 0 7952 0 38324 0 170363 0 0 0 VERONICA JORGE-CURTIS DIRECTOR OF ADVANCEMENT 154973 0 0 0 330 0 8959 0 836 0 165098 0 0 0 NATHANIEL H CARR DIR. OF FACULTY & PROF. DEVELP; HEAD 116091 0 0 0 138 0 7767 0 34848 0 158844 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES, TO THE HEADMASTER, A RESIDENCE FOR PERSONAL USE AND THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO SEC. 119. THE ESTIMATED VALUE OF THIS BENEFIT WAS $48,000 DURING THE YEAR, WHICH IS INCLUDED IN THE ESTIMATE OF OTHER COMPENSATION REPORTED ON THE FORM 990, PART VII, COLUMN (F) AND NONTAXABLE BENEFITS REPORTED IN PART II, COLUMN (D) OF SCHEDULE J. IN ADDITION, THE SCHOOL ALSO PROVIDES A TAXABLE ALLOWANCE OF $4,333 FOR HEALTH CLUB DUES TO THE HEADMASTER. PART I, LINE 4B EFFECTIVE JULY 1, 2018, THE SCHOOL ENTERED INTO A THREE-YEAR ROLLING EMPLOYMENT CONTRACT WITH THE HEADMASTER. THE AGREEMENT HAS BEEN REVISED AND UPDATED AND RENEWS ON JULY 1, 2021 FOR ANOTHER THREE-YEAR TERM, UNLESS OTHERWISE TERMINATED UNDER THE PROVISIONS OF THE CONTRACT. THE EMPLOYMENT AGREEMENT ALSO OUTLINES CERTAIN SALARY, FRINGE, AND NOTICE REQUIREMENTS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-01-04 3500000 CAMPUS IMPROVEMENT 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-01-04 4700000 REFINANCE OF PREVIOUS 2008 & 2012 BOND 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-05-16 4700000 PURCHASE OF PROPERTY & LAND 0 0 0 A 1454424 3500000 127376 2337320 2018 0 0 0 1 B 363923 4700000 4518856 2013 0 0 1 1 C 9676 4700000 4700000 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 X 12 216298 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS RECEIVED FOR THE SECURITIES DONATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS SUBMISSION TO THE IRS, THE FORM 990 IS REVIEWED BY A COMMITTEE WHICH CONSISTS OF MEMBERS OF THE FINANCE COMMITTEE, AS WELL AS THE CHAIR, VICE-CHAIR, AND TREASURER OF THE BOARD. IN ADDITION, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES SHALL COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. NO TRUSTEE, COMMITTEE MEMBER, OFFICER OR EMPLOYEE SHALL ENGAGE IN ANY ACTION OR ACTIVITY, ACTING ON BEHALF OF THE CORPORATION, WHICH ALSO RESULTS IN A GAIN OR ADVANTAGE TO THAT INDIVIDUAL OR TO A MEMBER OF HIS OR HER IMMEDIATE FAMILY OR A BUSINESS ORGANIZATION IN WHICH SUCH PERSON HAS A SIGNIFICANT INTEREST SUCH THAT SUCH INDIVIDUAL MAY BE DEEMED TO HAVE AN "INTEREST" IN THE TRANSACTION (HEREINAFTER, AN "INTERESTED PERSON"), WITHOUT COMPLIANCE WITH SUCH APPROPRIATE REQUIREMENTS WITH RESPECT TO DISCLOSURE AS THE BOARD OF TRUSTEES OF THE CORPORATION MAY ESTABLISH FROM TIME TO TIME. IN ADDITION, NO PERSON WHO MAY BE DEEMED INTERESTED IN ANY MATTER BASED ON HIS OR HER CAPACITY AS TRUSTEE, COMMITTEE MEMBER, OFFICER OR EMPLOYEE SHALL VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER, AND HE OR SHE SHOULD NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE APPLICABLE MEETING, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THE ABSTENTION BY SUCH INTERESTED PERSON(S) FROM VOTING, THE QUORUM COUNT, AND THAT A DISCLOSURE OF SUCH POTENTIAL CONFLICT OF INTEREST WAS MADE AT THE MEETING OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S THREE YEAR CONTRACT IS REVIEWED BY THE OFFICERS OF THE BOARD - CHAIR, VICE CHAIR, SECRETARY AND TREASURER. THIS GROUP ALSO REVIEWS COMPENSATION ANNUALLY. ON A REGULAR BASIS (LAST TIME, IN OCTOBER 2020) WE BENCHMARK THE HEAD OF SCHOOL'S COMPENSATION (CASH AND BENEFITS) AGAINST OTHER EQUIVALENT SCHOOL HEAD'S. FOR THIS REVIEW WE USE AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.