2020-05-15T08:37:35-05:00 2019-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2018-07-01 042103751 BUCKINGHAM BROWNE & NICHOLS SCHOOL BUCK 6175476100 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 TARA GOHLMANN COO/CFO 6175476100 2020-05-13 1 BRENDA L BOOTH P01342395 6177610600 2020-05-13 207.172.72.163 2020-05-13 11:46:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6EBF32EC077803D5773B28E578504B4367373832 2018 2021-01-29 14:40:06Z DR JENNIFER PRICE 80 GERRYS LANDING ROAD CAMBRIDGE MA 021385595 68356534 0 X WWW.BBNS.ORG X 1883 MA SEE SCHEDULE O 31 29 537 300 -138112 0 7643640 4479300 45015957 47067499 5004013 5561279 5819 31309 57669429 57139387 8413515 8255720 0 0 32065274 32300591 0 0 2705876 14612866 14491382 55091655 55047693 2577774 2091694 168903710 166933171 40929287 39068860 127974423 127864311 X SEE SCHEDULE O 0 0 42343968 8223143 45340725 BUCKINGHAM BROWNE & NICHOLS SCHOOL IS A COEDUCATIONAL DAY SCHOOL FOR CHILDREN GRADES PRE-KINDERGARTEN THROUGH TWELVE THAT STRIVES FOR THE PURSUIT OF EDUCATIONAL EXCELLENCE WHILE CELEBRATING THE DIVERSITY OF ITS COMMUNITY AND FOSTERING INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS.STUDENTS: 1,014 TOTAL STUDENTS: 333 LOWER SCHOOL; 170 MIDDLE SCHOOL; 511 UPPER SCHOOLSTUDENT DEMOGRAPHICS: 500 BOYS; 514 GIRLS; 38% STUDENTS OF COLORTEACHING FACULTY: 159 TOTAL; 84 PERCENT HAVE ADVANCED DEGREES FINANCIAL AID: 23% PERCENT OF THE STUDENT BODYCOLLEGE COUNSELING: 4 COUNSELORS AVAILABLE FOR GUIDANCECOLLEGE MATRICULATION: THE CLASS OF 2019 ENTERED APPROXIMATELY 60 DIFFERENT COLLEGES AND UNIVERSITIESBB&N'S COMMITMENT TO DIVERSITY IS INTEGRAL TO THE MISSION AND VISION OF THE SCHOOL. THE DIFFERENT PERSPECTIVES AND EXPERIENCES OF OUR STUDENTS DEFINE THE FABRIC OF OUR COMMUNITY. THESE MANY PERSPECTIVES AND EXPERIENCES CONTRIBUTE TO THE GROWTH OF THE INDIVIDUALS WHO CALL BB&N THEIR ALMA MATER AND SHAPE THE CLASSROOM AND EXTRACURRICULAR EXPERIENCES. TO HAVE AS CLASSMATES AND FRIENDS PEOPLE WHO ARE DIFFERENT FROM ONESELF, TO COME TO TRULY KNOW THE BACKGROUND, EXPERIENCES, AND BELIEFS OF A NEW FRIEND, IS TO LEARN MORE DEEPLY ABOUT ONESELF AND OUR WORLD. THERE IS NO MORE IMPORTANT ATTRIBUTE IN THE PREPARATION FOR GLOBAL CITIZENSHIP. IN ADDITION, NO AMOUNTS HAVE BEEN REFLECTED IN THE FORM 990 FOR MANY HOURS OF CONTRIBUTED SERVICES FROM VOLUNTEERS. HOWEVER, MANY INDIVIDUALS VOLUNTEER THEIR TIME AND PERFORM A VARIETY OF TASKS THAT ASSIST THE SCHOOL WITH ITS ACTIVITIES. THE VALUE OF THIS CONTRIBUTED TIME AND EFFORT IS NOT REFLECTED IN THE FORM 990.EACH YEAR OVER 300 BB&N ALUMNI/AE, PARENTS AND FRIENDS SUPPORT THE SCHOOL BY VOLUNTEERING THEIR TIME. THIS GENEROUS SUPPORT ALLOWS BB&N TO ACCOMPLISH MANY OF THE THINGS THAT SET IT APART FROM OTHER INDEPENDENT DAY SCHOOLS. WE ARE ABLE TO RETAIN THE MOST QUALIFIED AND DYNAMIC FACULTY, PROVIDE TREMENDOUS ART AND ATHLETIC PROGRAMS, MAINTAIN BEAUTIFUL GROUNDS AND BUILDINGS, AND PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS. 1147903 32577 1657924 BUCKINGHAM BROWNE & NICHOLS SCHOOL HOLDS A SUMMER CAMP FOR BOSTON AREA CHILDREN EACH SUMMER THAT PROVIDES MEMBERS OF THE SCHOOL AND LOCAL COMMUNITY WITH A HIGH QUALITY, AFFORDABLE OPTION TO EDUCATE AND ENTERTAIN THEIR CHILDREN DURING SUMMER VACATION. 72500 BUCKINGHAM BROWNE & NICHOLS SCHOOL HOLDS MANY CULTURAL, SOCIAL AND EDUCATIONAL PROGRAMS FOR MEMBERS OF ITS COMMUNITY THROUGHOUT THE YEAR THAT STRIVE TO INCREASE UNDERSTANDING OF CULTURE, DIVERSITY AND INTELLECTUAL ISSUES. 43564371 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 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 1 119 0 1 537 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X X ROBERT SAVAGE 6178002781 46 BELMONT STREET WATERTOWN MA 02472 LOUISA CONNAUGHTON FACULTY TRUSTEE 40.00 0.00 X 67760 0 15300 DR JENNIFER PRICE HEAD OF SCHOOL 40.00 0.00 X X 222396 0 64042 LESLIE AHLSTRAND TRUSTEE 1.00 0.00 X 0 0 0 JAKE ANDERSON-BIALIS TRUSTEE 1.00 0.00 X 0 0 0 CARMEN ARCE-BOWEN TRUSTEE 1.00 0.00 X 0 0 0 PAM BAKER TRUSTEE 1.00 0.00 X 0 0 0 JEFF BARBER TRUSTEE 1.00 0.00 X 0 0 0 JIMMY BERYLSON TRUSTEE 1.00 0.00 X 0 0 0 MARGARET BOASBERG TRUSTEE 1.00 0.00 X 0 0 0 AGNES BUNDY SCANLAN TRUSTEE 1.00 0.00 X 0 0 0 BIHUA CHEN TRUSTEE 1.00 0.00 X 0 0 0 TIM COHEN TRUSTEE 1.00 0.00 X 0 0 0 MARY BETH GORDON TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINE GROSS-LOH TRUSTEE 1.00 0.00 X 0 0 0 RACHEL KRONER HANSELMAN TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN KARGMAN HOLDEN TRUSTEE 1.00 0.00 X 0 0 0 FREDDIE JACOBS TRUSTEE 1.00 0.00 X 0 0 0 KEN LANG TRUSTEE 1.00 0.00 X 0 0 0 PETER LEVITT TRUSTEE 1.00 0.00 X 0 0 0 BRIDGET TERRY LONG TRUSTEE 1.00 0.00 X 0 0 0 TRISTIN MANNION TRUSTEE 1.00 0.00 X 0 0 0 LESLIE RIEDEL TRUSTEE 1.00 0.00 X 0 0 0 MICKI ROWAAN TRUSTEE 1.00 0.00 X 0 0 0 EMMA SAGAN TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW SIDMAN TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN SPALOSS TRUSTEE 1.00 0.00 X 0 0 0 DAVID THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 CHARLES A BRIZIUS CHAIR 1.00 0.00 X 0 0 0 ERICA GERVAIS PAPPENDICK VICE CHAIR/SECRETARY 1.00 0.00 X 0 0 0 BOB HIGGINS VICE CHAIR/TREASURER 1.00 0.00 X 0 0 0 JASON HAFLER VICE CHAIR 1.00 0.00 X 0 0 0 THOM GREENLAW SPECIAL ADVISOR TO THE HEAD OF SCHOOL 40.00 0.00 X 115480 0 11590 TARA GOHLMANN COO/CFO 40.00 0.00 X 140130 0 30723 SHERWOOD C HASKINS ASSISTANT HEAD OF SCHOOL 40.00 0.00 X 278570 0 32536 GEORGE L MITCHELL JR DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 0.00 X 176080 0 31772 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR 40.00 0.00 X 192908 0 31872 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 152520 0 24875 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 40.00 0.00 X 152805 0 28627 KATHERINE SMALL DIRECTOR OF DEVELOPMENT 40.00 0.00 X 157720 0 19286 DEMETRI ORLANDO DIRECTOR OF IT 40.00 0.00 X 141983 0 28637 ROBERT SAVAGE FINANCE MANAGER 40.00 0.00 X 158756 0 16367 KIMBERLY GOLD DIRECTOR OF STUDENT SUPORT SERVICES 40.00 0.00 X 135448 0 20076 RORY J MORTON DEAN OF STUDENTS 40.00 0.00 X 134726 0 13735 REBECCA T UPHAM FORMER HEAD OF SCHOOL (UNTIL 6/30/18) 40.00 0.00 X 1570941 0 145737 3798223 0 515175 42 1 1 0 CAROUSEL INDUSTRIES OF NORTH AMERICA IN PO BOX 842084 BOSTON MA 02284 IT CONSULTANTS 617812 C & W FACILITIES 275 GRAVE STREET RIVERSIDE CENTER AUBURNDALE MA 02466 MAINTENANCE 522676 YOUR SPACE LANDSCAPE 2 BLANCHARD ROAD BURLINGTON MA 01803 CONTRACTOR 500542 GOODY CLANCY ARCHITECTURE 420 BOYLSON STREET BOSTON MA 02116 ARCHITECT 400138 MIDDLESEX GLASS COMPANY 1635 SHAWSHEEN STREET TEWKSBURY MA 01876 CONTRACTOR 352401 27 4479300 143604 4479300 STUDENT TUITION 900099 44608943 44608943 SUMMER & OTHER TUITION 900099 1657924 1657924 OTHER REVENUE 900099 800632 731782 68850 47067499 983149 -206962 1190111 15773067 2000 11194237 2700 4578830 -700 4578130 4578130 51519 20210 31309 31309 57139387 46998649 -138112 5799550 103500 103500 8152220 8152220 2839842 2839842 22350090 18475147 2624171 1250772 2091491 1728879 245566 117046 3252757 2688811 381913 182033 1766411 1529986 132845 103580 257234 51796 205438 75740 7574 68166 711122 711122 2050178 810022 891818 348338 104288 104288 376045 190040 41209 144796 2912160 2764948 73606 73606 720899 648610 35085 37204 565518 293866 131436 140216 418068 418068 3740407 3553387 93510 93510 231670 192078 29694 9898 SUPPLIES 1306838 1070172 76263 160403 EQUIPMENT RENTAL/MAINT. 566368 459155 72274 34939 MISCELLANEOUS EXPENSES 283330 219757 59266 4307 BOOKS AND DUES 171517 102067 64222 5228 55047693 43564371 8777446 2705876 1794604 138935 22777418 20170993 2570336 1545618 3558082 2805060 1124817 971629 102949763 43021284 60588972 59928479 15708162 14911887 60725110 66233882 56209 226688 168903710 166933171 6526802 4715243 20015629 20517894 11693366 11201095 2693490 2634628 40929287 39068860 X 69008731 69914826 0 0 58965692 57949485 127974423 127864311 168903710 166933171 X 2091694 -2180555 -21251 X 0 1 X 1 0 X 7100718 9310746 5659465 7702331 4530819 34304079 7100718 9310746 5659465 7702331 4530819 34304079 3918704 30385375 797721 692484 1204709 290046 983149 3968109 38272188 218951072 0.79390 0.80540 X SCHEDULE A, PART I, LINE 7: THE BASIS OF BUCKINGHAM BROWNE & NICHOLS SCHOOL'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1000 1000 0 PART II-B, LINE 1: THE ORGANIZATION PAYS $13,527 IN MEMBERSHIP DUES TO TWO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X 1 167.00 0 0 0 1 1 80.00 0 1 80358235 1839578 2437778 3248787 81386804 76996555 1741177 4746904 3126401 80358235 71604876 2271434 6482539 3362294 76996555 73374760 2263538 -1020210 3013212 71604876 73690280 889820 656049 1861389 73374760 0.31760 0.68240 0 0 5748799 5748799 83147824 34245547 48902277 3586170 2141433 1444737 8709128 6634304 2074824 1757842 1757842 59928479 GLOBAL EQUITY FUNDS 9717681 F EMERGING MARKETS EQUITY FUNDS 4445827 F U.S. EQUITY FUNDS 9061137 F MULTI-STRATEGY FUNDS 13392460 F NON-MARKETABLE FUNDS 29616777 F 66233882 ENROLLMENT DEPOSITS 2134630 ANNUITY PAYABLE 192998 ASSET RETIREMENT OBLIGATION 307000 2634628 X 46094449 -2180555 -1041 -2181596 48276045 711122 8152220 8863342 57139387 46204561 20210 20210 46184351 711122 8152220 8863342 55047693 PART II, LINE 9: THE SCHOOL DOES NOT RECEIVE REVENUE AND HAS NO EXPENSES RELATED TO THIS CONSERVATION EASEMENT. THEREFORE, NO REVENUE OR EXPENSES ARE INCLUDED. PART V, LINE 4: USE OF THE ORGANIZATION'S ENDOWMENT FUNDS: TO SUPPLEMENT AND SUPPORT THE OPERATIONS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATIONS AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR THREE YEARS AFTER THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ANNUITY DISCOUNTS -21,251. FUNDRAISING EXPENSES 20,210. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,152,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 20,210. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,152,220. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF RACIAL NON-DISCRIMINATION POLICY IS PUBLISHED ONLINE AT WWW.AISNE.ORG. IT IS ALSO PUBLISHED IN THE EMPLOYEE HANDBOOK, ON THE ORGANIZATION'S WEBSITE AND IN A FINANCIAL SUPPLEMENT WHICH IS PROVIDED TO ALL FAMILIES WHEN STUDENTS ENROLL. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 9203421 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTING 1874359 NORTH AMERICA - CANADA AND MEXICO 0 0 INVESTING 47042 0 0 0 0 0 0 11124822 0 11124822 1 0 1 1 1 0 CIRCUS 51519 51519 2039 2965 14146 1060 51519 51519 2039 2965 14146 1060 20210 31309 1 THE FAMILY COOPERATIVE INC 46 BELMONT STREET WATERTOWN MA 02472 461859126 501(C)(3) 23500 80000 FMV RENT & UTILITIES BB&N HAS FORGIVEN THE RENT AND UTILITIES OWED BY THE FAMILY COOPERATIVE AS WELL AS PAYING A CASH GRANT DURING FISCAL YEAR 2019.ONE OF THE CONDITIONS OF THE RENTAL AGREEMENT BETWEEN BB&N AND THE FAMILY COOPERATIVE IS THAT BB&N ENROLLEES WHO SATISFY THE FAMILY COOPERATIVE'S CRITERIA FOR ACCEPTANCE WILL BE GIVEN PREFERENCE AND WILL BE ACCEPTED TO FILL ANY VACANCIES. 1 0 FINANCIAL AID 227 8099984 CREDIT TO STUDENT ACCOUNT SUMMER CAMP & AFTER SCHOOL PROGRAMS 71 52236 CREDIT TO STUDENT ACCOUNT PART I, LINE 2: SCHOLARSHIPS ARE APPLIED AGAINST TUITION CHARGED BY THE ORGANIZATION. FAMILIES SUBMIT THEIR FINANCIAL INFORMATION THROUGH A SERVICE THAT CALCULATES THE AMOUNT THAT A FAMILY CAN AFFORD TO PAY FOR TUITION. THE SCHOOL PERIODICALLY CHECKS TAX RETURNS WITH THE IRS TO CONFIRM THAT THE DATA PROVIDED IS ACCURATE. THE SCHOOL FOLLOWS THE PRINCETON RECOMMENDATIONS AND APPLIES THE GRANT TO THE TUITION CHARGED. X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 DR JENNIFER PRICE HEAD OF SCHOOL 220428 0 0 0 1968 0 40877 0 23165 0 286438 0 0 0 TARA GOHLMANN COO/CFO 130085 0 10000 0 45 0 23558 0 7165 0 170853 0 0 0 SHERWOOD C HASKINS ASSISTANT HEAD OF SCHOOL 236853 0 10000 0 31717 0 22377 0 10159 0 311106 0 0 0 GEORGE L MITCHELL JR DIRECTOR OF ENROLLMENT MANAGEMENT 175822 0 0 0 258 0 18265 0 13507 0 207852 0 0 0 GEOFFREY THEOBALD UPPER SCHOOL DIRECTOR 177770 0 0 0 15138 0 18365 0 13507 0 224780 0 0 0 MARY EVERETT DOLBEAR MIDDLE SCHOOL DIRECTOR 146262 0 6000 0 258 0 15565 0 9310 0 177395 0 0 0 ANTHONY REPPUCCI LOWER SCHOOL DIRECTOR 141745 0 0 0 11060 0 15120 0 13507 0 181432 0 0 0 KATHERINE SMALL DIRECTOR OF DEVELOPMENT 127522 0 30000 0 198 0 12773 0 6513 0 177006 0 0 0 DEMETRI ORLANDO DIRECTOR OF IT 141845 0 0 0 138 0 15130 0 13507 0 170620 0 0 0 ROBERT SAVAGE FINANCE MANAGER 158345 0 0 0 411 0 15947 0 420 0 175123 0 0 0 KIMBERLY GOLD DIRECTOR OF STUDENT SUPORT SERVICES 135358 0 0 0 90 0 13568 0 6508 0 155524 0 0 0 REBECCA T UPHAM FORMER HEAD OF SCHOOL (UNTIL 6/30/18 333861 0 0 0 1237080 0 115229 0 30508 0 1716678 0 882605 0 PART I, LINE 1A THE HEAD OF SCHOOL LIVES IN A SCHOOL OWNED PERSONAL RESIDENCE. THIS IS FOR THE CONVENIENCE OF THE SCHOOL. USE OF THE HOUSE, WITH AN IMPUTED ANNUAL VALUE OF $48,000, HAS BEEN INCLUDED IN NONTAXABLE BENEFITS OF THE HEAD OF SCHOOL. $ 24,000 FOR 6 MONTHS OF USE WAS INCLUDED FOR THE FORMER HEAD OF SCHOOL, $16,000 FOR 4 MONTHS OF USE AS INCLUDED FOR THE CURRENT HEAD OF SCHOOL. PART I, LINES 4A-B REBECCA T. UPHAM PARTICIPATES IN A SUPPLEMENTAL, NON-QUALIFIED RETIREMENT PLAN. AMOUNTS EARNED BY THE PARTICIPANT DURING THE YEAR TOTALED $115,229. REBECCA T. UPHAM RECEIVED A SEVERANCE PAYMENT IN 2018 OF $348,102. PART I, LINE 7 SHERWOOD C. HASKINS RECEIVED A BONUS OF $10,000. MARY EVERETT DOLBEAR RECEIVED A BONUS OF $6,000. KATHERINE SMALL RECEIVED A BONUS OF $30,000. TARA GOHLMANN RECEIVED A BONUS OF $10,000. SCHEDULE J, PART II, COLUMN F: THE AMOUNT OF COMPENSATION REPORTED IN COLUMN (F) FOR REBECCA T. UPHAM REPRESENTS THE AMOUNT THAT IS REPORTED IN COLUMN (B)(III), OTHER REPORTABLE COMPENSATION, THAT HAS BEEN REPORTED ON PRIOR 990S AS DEFERRED COMPENSATION IN COLUMN (C). A MASS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2011-12-19 15000000 REFUND 2006 BOND ISSUE 0 0 0 A 3125000 15000000 236123 14763877 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 13 143604 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 1 AND PART III, LINE 1: BB&N, A COEDUCATIONAL DAY SCHOOL IN CAMBRIDGE, MASSACHUSETTS, WAS ESTABLISHED IN 1974 BY THE MERGER OF TWO INDEPENDENT SCHOOLS, THE BUCKINGHAM SCHOOL AND THE BROWNE & NICHOLS SCHOOL, FOUNDED RESPECTIVELY IN 1889 AND 1883. LOCATED ON MULTIPLE CAMPUSES, WE WORK AS ONE SCHOOL IN PURSUIT OF EXCELLENCE. WE CELEBRATE THE DIVERSITY OF OUR COMMUNITY WHICH ENRICHES OUR DAILY EXPERIENCE. AT BB&N, WE FOSTER INTELLECTUAL CURIOSITY, CRITICAL THINKING AND A DEEP CONCERN AND RESPECT FOR OTHERS. OUR EDUCATIONAL PROGRAM, COORDINATED FROM BEGINNERS THROUGH GRADE TWELVE, PROVIDES A RIGOROUS CORE CURRICULUM, TAUGHT IN FLEXIBLE AND INNOVATIVE WAYS. STUDENTS ACQUIRE THE SKILLS AND DISCIPLINE NECESSARY FOR ACADEMIC ACCOMPLISHMENT AND LEARN TO REFLECT, TAKE RISKS AND TO DISCOVER. THE CURRICULUM IS STRENGTHENED BY OUR COMMITMENT TO A COMPREHENSIVE PROGRAM IN THE ARTS AND ATHLETICS. IN ALL OF OUR EXPERIENCES, BOTH THOSE WITHIN THE SCHOOL AND THOSE WHICH USE OUR URBAN LOCATION, WE ENCOURAGE SELF-RELIANCE, KNOWLEDGE OF ONESELF, AND A CAPACITY FOR LEADERSHIP. THE CONNECTIONS BETWEEN OUR FACULTY AND STUDENTS ARE AT THE HEART OF OUR SCHOOL. WE ASK MEMBERS OF OUR COMMUNITY TO BE ENGAGED LEARNERS, COMPASSIONATE INDIVIDUALS, AND PRODUCTIVE CITIZENS WHO LIVE OUR SCHOOL'S MOTTO: "HONOR, SCHOLARSHIP, AND KINDNESS." FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES HAS ACCESS TO THE COMPLETE FORM 990 WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B. THE NAMES OF THOSE DONORS WHO WISH TO REMAIN ANONYMOUS HAVE BEEN REDACTED FROM SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES AND THEY DETERMINE IF A POTENTIAL CONFLICT EXISTS. IF A POTENTIAL CONFLICT IS FOUND TO EXIST, THAT INDIVIDUAL IS BARRED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS REGARDING THE CONFLICTING MATTER. REVIEW OF THE CONFLICT OF INTEREST POLICY IS DONE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A REASONABLE COMPENSATION: IT IS THE POLICY OF BUCKINGHAM BROWNE & NICHOLS SCHOOL ("THE SCHOOL") TO PAY NO MORE THAN REASONABLE COMPENSATION FOR PERSONAL SERVICES RENDERED TO THE SCHOOL BY OFFICERS AND EMPLOYEES. THE TRUSTEES OF THE SCHOOL SHALL NOT RECEIVE COMPENSATION FOR FULFILLING THEIR DUTIES AS TRUSTEES, ALTHOUGH TRUSTEES MAY BE REIMBURSED FOR ACTUAL OUT-OF-POCKET EXPENSES WHICH THEY INCUR IN ORDER TO FULFILL THIER DUTIES AS TRUSTEES. EXPENSES OF SPOUSES WILL NOT BE REIMBURSED BY THE SCHOOL UNLESS THE EXPENSES ARE NECESSARY TO ACHIEVE A SCHOOL PURPOSE. APPROVAL OF COMPENSATION: THE BOARD OF TRUSTEES MUST APPROVE IN ADVANCE THE AMOUNT OF ALL COMPENSATION FOR THE HEAD OF THE SCHOOL. BEFORE APPROVING THE COMPENSATION OF THE HEAD OF SCHOOL, THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE SCHOOL TO THE HEAD OF SCHOOL IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY AND QUALIFICATION OF THE HEAD OF SCHOOL FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE HEAD OF SCHOOL'S PRIOR PERFORMANCE FOR THE SCHOOL, IF APPLICABLE. IN MAKING THE DETERMINATION, THE BOARD SHALL CONSIDER TOTAL COMPENSATION TO INCLUDE THE SALARY AND THE VALUE OF ALL BENEFITS PROVIDED BY THE SCHOOL TO THE INDIVIDUAL IN PAYMENT FOR SERVICES. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING THE HEAD OF SCHOOL'S COMPENSATION, THE HEAD OF SCHOOL SHOULD NOT BE PRESENT AT THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DATA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR HEAD OF SCHOOLS IN LIKE CIRCUMSTANCES. THE BOARD SHALL SET FORTH THE BASIS FOR ITS DECISIONS WITH RESPECT TO COMPENSATION IN THE MINUTES OF THE MEETING AT WHICH THE DECISIONS ARE MADE, INCLUDING THE CONCLUSIONS OF THE EVALUATION AND THE BASIS FOR DETERMINING THAT THE INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND THE COMPARABILITY DATA. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 18 AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE FROM THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT HTTP://WWW.CHARITIES.AGO.STATE.MA.US/. THE FORM 1023 AND 990-T ARE AVAILABLE UPON REQUEST. IN ADDITION, VARIOUS ORGANIZATIONAL DOCUMENTS ARE AVAILABLE ON THE MASSACHUSETTS SECRETARY OF STATE WEBSITE: HTTP://CORP.SEC.STATE.MA.US/CORP/CORPSEARCH/CORPSEARCHINPUT.ASP. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE FROM THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITY DISCOUNTS -21,251.