2020-07-15T18:26:49-05:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FL BOSTON MA 02110 990 2018-07-01 042103632 TABOR ACADEMY TABO 5087482000 66 SPRING STREET MARION MA 02738 STEPHEN P SANFORD CFO 5087482000 2020-07-15 1 LAURA J KENNEY P00202198 6177170831 2020-07-15 64.251.63.131 2020-07-15 17:58:01 ED P 212D4AA7D86991E97AAA9C7923B382683810470F F655607A01BC9414CB150F5C2D5B642F4B7C09E6 2018 2021-01-29 14:40:06Z JOHN H QUIRK 66 SPRING STREET MARION MA 02738 46700030 0 X WWW.TABORACADEMY.ORG X 1876 MA TABOR ACADEMY IS A COEDUCATIONAL, COLLEGE PREPARATORY BOARDING AND DAY SCHOOL. 23 23 360 27 -5229 -9079 5144347 9695161 30432039 31778819 1392877 1466898 0 0 36969263 42940878 8298025 9024450 0 0 17660686 17084451 0 78006 2372501 15249869 13775070 41208580 39961977 -4239317 2978901 109555160 116068356 30067916 34277538 79487244 81790818 TABOR ACADEMY FOCUSES ITS ACADEMIC PROGRAMS TO INSPIRE A LIFE-LONG LOVE OF LEARNING, TO INSTILL A PASSION FOR THE HIGHEST STANDARDS OF ACHIEVEMENT, TO ENCOURAGE PERSONAL RESPONSIBILITY, AND TO FOSTER CARE FOR OTHERS AND COMMITTED CITIZENSHIP. 0 0 28521700 9024450 31250961 TABOR ACADEMY EDUCATES APPROXIMATELY 525 STUDENTS. AS THE "SCHOOLBY THE SEA," TABOR SUSTAINS A UNIQUE MARITIME HERITAGE THATEMBODIES, IN ALL ITS PROGRAMS, THE QUALITIES A SEAGOING LIFEREQUIRES: THOUGHTFUL PREPARATION FOR, AND AWARENESS OF THE WIDERWORLD, PERSEVERANCE, COURAGE, GOOD HUMOR, A SENSE OF DIRECTION,AND HUMILITY. TABOR'S FACULTY COMMIT THEMSELVES TO BALANCING HIGHDEMANDS WITH GENUINE AFFECTION FOR THEIR STUDENTS AND TO FOSTERINGRELATIONSHIPS FOUNDED ON THE COMPASSION, PERSONAL INTEGRITY, ANDTRUST THAT ANCHOR TABOR'S COMMUNITY. 542644 527858 TABOR ACADEMY PROVIDES ACCOMODATIONS AND AUXILIARY SERVICES FORBOARDING STUDENTS AS A PART OF THEIR EDUCATION. THESE SERVICES AREPROVIDED AT A NOMINAL FEE IN ORDER TO COVER COSTS. SUCH SERVICESRANGE FROM THE PROVISION OF UTILITIES TO RECREATIONAL ACTIVITIES. 29064344 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 134 0 1 360 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X STEPHEN P SANFORD 5082918370 66 SPRING STREET MARION MA 02738 CLEMENT C BENSON TRUSTEE 1.00 X 0 0 0 JASON BLAND TRUSTEE 1.00 X 0 0 0 STEPHEN DANIEL TRUSTEE 1.00 X 0 0 0 ERIC DAVIS TRUSTEE 1.00 X 0 0 0 ANTHONY G FEATHERSTONE IV TRUSTEE 1.00 X 0 0 0 PETER T FRANCIS TRUSTEE 1.00 X 0 0 0 KRISTIANE C GRAHAM TRUSTEE 1.00 X 0 0 0 ANGUS H LEARY TRUSTEE 1.00 X 0 0 0 KENZO MATSUMURA TRUSTEE 1.00 X 0 0 0 JENNIFER C NOERING MCINTIRE TRUSTEE 1.00 X 0 0 0 TRAVIS ROY TRUSTEE 1.00 X 0 0 0 GARRARD K SCHAEFER TRUSTEE 1.00 X 0 0 0 REGINA SHAKIN TRUSTEE 1.00 X 0 0 0 JACK B SMITH JR TRUSTEE 1.00 X 0 0 0 STEPHEN SPRAGUE TRUSTEE 1.00 X 0 0 0 JAMES A TOMLINSON TRUSTEE 1.00 X 0 0 0 SUMNER J WARING TRUSTEE 1.00 X 0 0 0 LOUIS S WOLFE TRUSTEE 1.00 X 0 0 0 GEOFFREY H WORRELL TRUSTEE 1.00 X 0 0 0 CARMINE A MARTIGNETTI TRUSTEE/CHAIRMAN 2.00 X X 0 0 0 PAUL J MURPHY TRUSTEE/VICE-CHAIR 2.00 X X 0 0 0 DAVID A BARRETT TRUSTEE/TREASURER 2.00 X X 0 0 0 ELIZABETH WELSH EYLER TRUSTEE/SECRETARY 2.00 X X 0 0 0 JOHN H QUIRK HEAD OF SCHOOL 40.00 X 419117 0 132180 STEPHEN P SANFORD CFO 40.00 X 110923 0 16853 PATRICK J O'CONNELL DIRECTOR OF ADVANCEMENT 40.00 X 196822 0 51522 JULIE SALIT ASSOCIATE HEAD OF SCHOOL 40.00 X 127294 0 48942 ANDREW L MCCAIN DIRECTOR OF ADMISSIONS 40.00 X 118212 0 121437 TIMOTHY FREY DIRECTOR OF IT 40.00 X 122742 0 58148 TIMOTHY M CHENEY DIRECTOR OF COLLEGE COUNSEL 40.00 X 109608 0 136717 JOHN TROVAGE DIRECTOR OF FACILITIES 40.00 X 138997 0 61021 1343715 0 626820 12 0 1 0 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 DINING SERVICES 1282322 ROPES & GRAY LLP 800 BOYLSTON ST BOSTON MA 02199 LEGAL SERVICES 410671 GREENSCAPE LAND DESIGN INC 175 PARAMOUNT DRIVE RAYNHAM MA 02767 LANDSCAPING SERVICES 317250 ECM SECURITY INC PO BOX 751 MATTAPOISETT MA 02739 CAMPUS SECURITY 210646 SJ SERVICES 235 NEWBURY ST DANVERS MA 01923 CLEANING/CUSTODIAL SERVICES 185971 14 9695161 622471 9695161 TUITION 611710 29905750 29905750 STUDENT AND SUMMER PROGRAMS 611710 1345211 1345211 AUXILIARY ACTIVITIES 611710 527858 527858 31778819 1084605 -5577 1090182 4141445 3736831 22321 404614 -22321 382293 348 381945 42940878 31778819 -5229 1472127 9024450 9024450 1048178 781266 266912 12265069 9285475 1729390 1250204 1142011 1142011 1683635 1683635 945558 671731 168567 105260 19125 19125 140272 140272 217112 217112 78006 78006 365855 365855 2643877 2329936 255865 58076 176739 48656 40904 87179 616513 438088 147393 31032 530804 472346 46054 12404 2278570 2080948 162634 34988 449106 254137 93100 101869 674315 384418 47296 242601 286365 286365 2874659 2558067 249414 67178 256734 217950 34585 4199 ADMINISTRATIVE 783226 145796 604837 32593 AUXILARY PROGRAMS EXPEN 542644 542644 INSTRUCTIONAL PROGRAMMI 330331 330331 BAD DEBT 309452 309452 279371 279371 39961977 29064344 8525132 2372501 4140733 4475642 319057 66013 2548607 6338644 289007 363376 146573 53014 609307 528416 85110557 40294110 41604507 44816447 27686076 26629456 12453115 13887720 19758178 18909628 109555160 116068356 3287074 4427380 8239636 11094205 13079188 12798339 816276 2571626 4645742 3385988 30067916 34277538 X 15300438 12058475 44652122 49764467 19534684 19967876 79487244 81790818 109555160 116068356 X 2978901 752212 -1427539 X 0 1 X 1 0 X 3209628 3691745 3605917 5144347 9695161 25346798 3209628 3691745 3605917 5144347 9695161 25346798 2574969 22771829 622821 867390 879233 453033 1090182 3912659 29259457 146490396 0.77830 0.84890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48982386 414383 1835264 914060 886247 297177 49134549 46810972 415225 3656546 780881 887028 232448 48982386 42992118 460564 5156089 697933 894067 205799 46810972 42831138 1153892 -789631 45067 158214 42992118 41100435 2442548 778155 660979 612317 216704 42831138 0.16450 0.83550 0.00000 0 0 786259 786259 64312830 31065527 33247303 3643642 1791460 1852182 10868405 7437123 3431282 5499421 5499421 44816447 INVESTMENT IN PARTNERSHIPS 13887720 F 13887720 BENEFICIAL INTEREST IN PERPETUAL TRUST 17513070 STOCK IN TRANSIT 1478 LOANS TO EMPLOYEES 4255 OTHER RECEIVABLES 35336 SECURITY DEPOSITS 7650 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 1347839 18909628 INTEREST RATE SWAP AGREEMENT 1706371 ACCRUED PENSION LIABILITIES 689151 ANNUITIES PAYABLE 620466 ACCRUED LITIGATION EXPENSES 370000 3385988 32943894 752212 -1427539 -675327 33619221 297207 9024450 9321657 42940878 30640320 0 30640320 297207 9024450 9321657 39961977 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -473,114. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -763,141. PENSION RELATED COSTS -191,284. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,024,450. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,024,450. SCHEDULE D, PART V, LINE 4 ENDOWMENT SERVES TO SUPPORT SCHOLARSHIPS, FACULTY, ACADEMIC AND EXTRACURRICULAR PROGRAMS, AND GENERAL ADMINISTRATION OF THE SCHOOL. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 PART I, LINE 3 TABOR IS FOUNDED ON THE BELIEF THAT A HEALTHY SCHOOL COMMUNITY FINDS COMMON GROUND WHILE EMBRACING DIFFERENCES AND, THEREFORE, ACCEPTS A RACIALLY, ETHNICALLY, RELIGIOUSLY, ECONOMICALLY, AND INTERNATIONALLY DIVERSE STUDENT BODY. TO CULTIVATE AND SUSTAIN A MORE DIVERSE AND INCLUSIVE COMMUNITY, TABOR ACADEMY RECOGNIZES THAT OUR SUCCESS AS A 21ST CENTURY SCHOOL IS EMBEDDED IN A GENUINE UNDERSTANDING OF HOW THE COMPONENTS OF DIVERSITY REFLECT THE CORE VALUES OF OUR MISSION, WHICH IS ROOTED IN COMPASSION, RESPECT, TRUST, HONESTY, AND PERSONAL RESPONSIBILITY. DIVERSITY AT TABOR ENCOMPASSES RACE, ETHNICITY, GENDER, SOCIO-ECONOMIC STATUS, RELIGION, INTELLECTUAL AND PHYSICAL ABILITY, GENDER EXPRESSION, SEXUAL ORIENTATION, AGE, FAMILY STRUCTURE, LANGUAGE AND GEOGRAPHIC PLACE OF ORIGIN. WE RECOGNIZE THAT THE ESTABLISHMENT OF POLICIES, PRACTICES, AND PROGRAMS THAT SUPPORT THE INTERCONNECTEDNESS OF THESE CULTURAL IDENTIFIERS AND FURTHER DEVELOP THE CULTURAL COMPETENCY OF OUR COMMUNITY'S MEMBERS WILL ALLOW FOR TRUE DIALOGUE AND COLLABORATION WITHIN OUR SCHOOL AND WITH LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. TO THAT END, WE COMMIT OURSELVES TO BEING A COMMUNITY IN WHICH ALL MEMBERS HAVE VOICE, ARE GIVEN RESPECT, AND SEE THEIR IDENTITIES REFLECTED AND AFFIRMED IN THE CURRICULUM, CO-CURRICULUM AND PHYSICAL AND VIRTUAL ENVIRONMENTS OF THE SCHOOL. TABOR ACADEMY PROMULGATES EACH YEAR, ITS NONDISCRIMINATORY POLICIES THROUGH SEVERAL ADS IN LOCAL AND REGIONAL NEWSPAPERS DURING THE PERIOD OF SOLICITATION OF STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6765871 0 0 0 0 0 0 6765871 0 6765871 0 0 0 1 1 0 X X X X X 0 MARTS & LUNDY 160 CHUBB AVE SUITE 303 LYNDHURST NJ 07071 TRAINING SEMINARS 0 0 36756 -36756 ELIZABETH CHENEY 66 SPRING STREET MARION MA 02738 ANNUL APPEAL CONSULTANT 0 0 30000 -30000 CRYSTAL CLEAR CONSULTING 27 TAFTHILL TERRACE 3 ROSLINDALE MA 02131 STAFF COACHING 0 0 6250 -6250 SPENSER GROUP INCORPORATED 130 SOUTH WILLARD STREET BURLINGTON VT 05401 ANNUAL APPEAL MAILINGS 0 0 5000 -5000 78006 -78006 MA B 1 FINANCIAL AID 219 9024450 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS AWARDED BY DEMONSTRATED NEED IN THE FORM OF TUITION REMISSION, AND THEY CAN ONLY BE USED TO REDUCE THE AMOUNT OF THE TUITION OWED BY A GIVEN FAMILY FOR AN ACADEMIC YEAR. NEED IS DETERMINED BY ANALYZING TAX FORMS AND/OR OTHER INFORMATION FROM SCHOOL SCHOLARSHIP SERVICE, PRINCETON,NJ. X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOHN H QUIRK HEAD OF SCHOOL 314068 0 105049 0 0 0 33770 0 98410 0 551297 0 0 0 PATRICK J O'CONNELL DIRECTOR OF ADVANCEMENT 196822 0 0 0 0 0 13847 0 37675 0 248344 0 0 0 JULIE SALIT ASSOCIATE HEAD OF SCHOOL 127294 0 0 0 0 0 10677 0 38265 0 176236 0 0 0 ANDREW L MCCAIN DIRECTOR OF ADMISSIONS 118212 0 0 0 0 0 15360 0 106077 0 239649 0 0 0 TIMOTHY FREY DIRECTOR OF IT 122742 0 0 0 0 0 14887 0 43261 0 180890 0 0 0 TIMOTHY M CHENEY DIRECTOR OF COLLEGE COUNSEL 109608 0 0 0 0 0 8178 0 128539 0 246325 0 0 0 JOHN TROVAGE DIRECTOR OF FACILITIES 138997 0 0 0 0 0 17308 0 43713 0 200018 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL INTERNATIONAL AIR TRAVEL - THE HEAD OF SCHOOL (HOS) AND DIRECTOR OF ADVANCEMENT MAY TRAVEL VIA FIRST CLASS ON OVERSEAS TRIPS (MORE THAN 7 HOURS) BUT ONLY IF TRAVEL REWARD PROGRAMS CAN BE USED THEREFORE LOWERING COST. TRAVEL BY TRAIN - THE HOS AND DIRECTOR OF ADVANCEMENT ON OCCASION USE AMTRAK FIRST CLASS TRAVEL TO NYC FOR BOARD AND ADVANCEMENT MEETINGS. USE OF TRAIN FIRST CLASS SIGNIFICANTLY IMPROVES WORK PRODUCTIVITY AND THE COST DIFFERENCE IS MINIMAL. THESE ARE NOT CONSIDERED TAXABLE TO THE HEAD OF SCHOOL AND DIRECTOR OF ADVANCEMENT. THIS BENEFIT IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. HOUSING AND PERSONAL SERVICES CONSISTENT WITH THE ACADEMY'S UNIQUE BOARDING SCHOOL ENVIRONMENT, THE ACADEMY PROVIDES A RESIDENCE FOR PERSONAL USE FOR MULTIPLE PERSONNEL. PURSUANT TO HIS EMPLOYMENT CONTRACT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS TO SERVE HIS DUTIES AND RESPONSIBILITIES TO THE ACADEMY, INCLUDING ENTERTAINING STUDENTS, FACULTY, AND OTHER CONSTITUENTS, AND TO PROVIDE GUIDANCE AND A SAFE, WELCOMING LEARNING ENVIRONMENT FOR STUDENTS. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE ACADEMY AND IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. IN ADDITION, THE ACADEMY PROVIDES HOUSING FOR THE CFO, DIRECTOR OF ADVANCEMENT, ASSISTANT HEAD OF SCHOOL AND DIRECTOR OF ADMISSIONS AND THE BENEFIT IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. THE ACADEMY IS RESPONSIBLE FOR MAINTAINING THE RESIDENCE FOR THE HEAD OF SCHOOL. THIS MAINTENANCE IS PROVIDED FOR THE BENEFIT OF THE ACADEMY AND IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. SOCIAL CLUB DUES THE ACADEMY PROVIDES THE HEAD OF SCHOOL WITH LIMITED MEMBERSHIP TO THE BEVERLY YACHT CLUB AND LOCAL GOLF CLUB. BOTH MEMBERSHIPS ARE TO SERVE THE ACADEMY'S BUSINESS AND ACADEMIC PURPOSES AND THESE ARE NOT CONSIDERED TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. PART I, LINE 7 THE BOARD OF TRUSTEES HAS PROVIDED A DISCRETIONARY BONUS TO THE HEAD OF SCHOOL. PART I, LINE 2 THE ACADEMY REIMBURSES ALL EMPLOYEES, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES, FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE ACADEMY. ALL EXPENSES WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO REIMBURSEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RJN6 2009-09-01 13715000 REFUNDING 2007 SERIES 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-07-28 5000000 RENOVATIONS AROUND CAMPUS 0 0 0 A 5670000 13715000 13715000 2004 1 0 1 1 B 5000000 5000000 2018 0 0 0 0 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 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 27 622471 FMV ON DATE OF GIFT 1 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF ITEMS RECEIVED. PART I, LINE 32B: TABOR ACADEMY IS REQUIRED TO HOLD CERTAIN CONTRIBUTIONS OF BOATS FOR 3 YEARS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FORM 990 BEING FILED WITH THE IRS, THE MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH A HARDCOPY AND ELECTRONIC COPY OF THE FORM 990 ACCOMPANIED BY A LETTER CO-SIGNED BY THE AUDIT COMMITTEE CHAIRPERSON AND ACADEMY'S MANAGMENT CERTIFYING THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE, ON AN ANNUAL BASIS, A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE CHIEF FINANCIAL OFFICER AS PART OF THE AUDIT COMMITTEE REPORT. THE QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE BOARD AND THE CHIEF FINANCIAL OFFICER, AS APPROPRIATE. IN THE EVENT THAT A BOARD MEMBER DOES DISCLOSE A CONFLICT, THAT PERSON IS RECUSED FROM DISCUSSIONS AND DOES NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL WAS DETERMINED PRIOR TO VALIDATING HIS EMPLOYMENT CONTRACT. AT THAT TIME, THE BOARD OF TRUSTEES UTILIZED DATA GATHERED BY THE ASSOCIATION OF BUSINESS OFFICERS OF PRIVATE SCHOOLS (ABOPS) TO IDENTIFY COMPARATIVE COMPENSATION BASED ON OFFICERS IN SIMILAR ROLES AT PEER INSTITUTIONS. THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT DELINEATES A FIXED SALARY INCREASE FOR A THREE YEAR PERIOD, WHICH WAS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD PRIOR TO EXECUTION OF THE CONTRACT. REVIEW OF COMPENSATION OF OTHER OFFICERS IS PERFORMED BY THE HEAD OF SCHOOL USING SIMILAR COMPARATIVE DATA. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -473,114. PENSION RELATED CHARGES -191,284. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -763,141. CHARITABLE REMAINDER TRUSTS (7) TRUSTS MA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0