2019-11-13T10:50:34-06:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 021697431 990 2018-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 6175225544 2019-11-08 1 MICHELLE Y HATCH P01222458 7819821001 2019-11-08 64.251.63.131 2019-11-08 08:16:35 ES P 212D4AA7D86991E97AAA9C7923B382683810470F B49528270D5C596423F272EFB472E66EFBF6AFC8 2018 2020-04-17 16:48:07Z JEFFREY DUBOIS 20 NEWTON STREET BROOKLINE MA 024457498 60126085 0 X WWW.DEXTERSOUTHFIELD.ORG X 1926 MA DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 30 30 354 250 0 0 5011574 13468404 38041246 41771901 1054778 1466235 0 0 44107598 56706540 9808275 11140545 0 0 19898584 21453459 0 0 1664476 12393184 12609926 42100043 45203930 2007555 11502610 88839850 96434315 47436118 43347379 41403732 53086936 DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW." 0 0 25832594 39762901 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 11140545 11140545 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 1680546 2009000 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS, ADULT EDUCATION, PUBLIC SCHOOL PROGRAMS, AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 38653685 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 106 0 1 354 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X JEFFREY DUBOIS 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 EDWARD M MAHONEY TRUSTEE 4.00 X 0 0 0 DR DAVID S BROWN TRUSTEE 4.00 X 0 0 0 SCOTT BARRINGER TRUSTEE 4.00 X 0 0 0 F WARREN MCFARLAN TRUSTEE 4.00 X 0 0 0 PETER L O'BRIEN TRUSTEE 4.00 X 0 0 0 CHRISTOPHER B ROY TRUSTEE 4.00 X 0 0 0 ELIZABETH H BALDINI TRUSTEE 4.00 X 0 0 0 JONATHAN A KRAFT TRUSTEE 4.00 X 0 0 0 BRANT C BINDER TRUSTEE 4.00 X 0 0 0 STEFANIE CRONIN TRUSTEE 4.00 X 0 0 0 SCOTT GIESELMANN TRUSTEE 4.00 X 0 0 0 RYLAN M HAMILTON TRUSTEE 4.00 X 0 0 0 IAN O' KEEFFE TRUSTEE 4.00 X 0 0 0 SUSANNAH WILSON TRUSTEE 4.00 X 0 0 0 KENNETH CHICOS TRUSTEE A/O 4/18/19 4.00 X 0 0 0 TERENCE CONNELL TRUSTEE A/O 4/18/19 4.00 X 0 0 0 DAVID DORMON TRUSTEE 4.00 X 0 0 0 MICHAEL FORRESTER TRUSTEE A/O 4/18/19 4.00 X 0 0 0 JAROME IGINLA TRUSTEE A/O 4/8/19 4.00 X 0 0 0 HASAN JAFRI TRUSTEE 4.00 X 0 0 0 SEAN KEOHANE TRUSTEE A/O 5/17/19 4.00 X 0 0 0 ROBERT MCALEER TRUSTEE A/O 4/18/19 4.00 X 0 0 0 JESSICA SCHMITZ TRUSTEE A/O 4/18/19 4.00 X 0 0 0 MEGHAN SWENSON TRUSTEE 4.00 X 0 0 0 JEFFREY UNGER TRUSTEE A/O 4/18/19 4.00 X 0 0 0 GLORIA YANG TRUSTEE 4.00 X 0 0 0 KAREN W MUELLER TRUSTEE/TREASURER 4.00 X X 0 0 0 CHRISTOPHER H REYNOLDS TRUSTEE/CLERK 4.00 X X 0 0 0 MARK E FUSCO TRUSTEE/PRESIDENT 10.00 X X 0 0 0 LAURA CONRAD WILSON TRUSTEE/VICE PRESIDENT 4.00 X X 0 0 0 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 60.00 X 232300 0 36599 TODD VINCENT HEAD OF SCHOOL-SEE SCH O 60.00 X 559657 0 101487 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL-SEE S 60.00 X 247533 0 132205 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 50.00 X 202000 0 109436 IAN MOORHOUSE DIRECTOR OF OPERATIONS 50.00 X 169477 0 71900 DANIEL DONATO ADMISSIONS/COACH-SEE SCH O 50.00 X 235030 0 188100 GEORGE WRIGHT ATHLETICS TEACHER 50.00 X 148850 0 38583 CARMEN URBONAS DIRECTOR OF HUMAN RESOURCES 40.00 X 171700 0 23748 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 40.00 X 141400 0 87992 ALEXANDER MELANSON ASSISTANT DIRECTOR OF FINANCE 40.00 X 127025 0 57493 2234972 0 847543 10 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1474471 AE MECHANICAL INC 5-7 DELAWARE DRIVE SALEM NH 03079 GAS AND HEATING CONTRACTOR 513996 PROSPECT BUILDING SERVICES CORP 360 PEARL STREET MALDEN MA 02148 CLEANING SERVICES 247161 SCHWARTZ HANNUM PC 11 CHESTNUT STREET ANDOVER MA 01810 LAWYER/CONSULTANT 150402 LOCAL MOTION OF BOSTON INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 TRANSPORTATION 120633 5 13468404 700933 13468404 TUITION & FEES 611110 39229128 39229128 SUMMER PROGRAM 611110 2009000 2009000 OTHER REVENUE 611110 533773 533773 41771901 682951 682951 4192179 10650 3419545 0 772634 10650 783284 783284 56706540 41771901 0 1466235 11140545 11140545 1974521 380743 1279885 313893 81926 81926 14445924 12089636 1708455 647833 945541 781972 120329 43240 2837538 2397522 365417 74599 1168009 932448 175047 60514 277153 277153 51590 51590 129085 129085 78680 78680 18695 14498 3202 995 206844 140 136527 70177 43736 33918 7490 2328 2460686 2305663 100888 54135 220983 4138 216845 35093 27215 6010 1868 1502533 1407873 61604 33056 2598553 2434844 106541 57168 298453 279650 12237 6566 INSTRUCTIONAL EXPENSES 1344309 1344309 FOOD SERVICE 935366 935366 SUMMER AND OTHER PROGRA 844168 654670 144572 44926 ATHLETICS 661557 661557 902442 749190 116919 36333 45203930 38653685 4885769 1664476 3440288 2843261 926 3009755 8053982 77823 182980 132874 141001 509227 543413 87138626 42009745 42547961 45128881 36336172 36595675 2712888 2894551 71936 50571 88839850 96434315 1193147 608469 9108036 7713609 32369504 32260960 4500000 2500000 265431 264341 47436118 43347379 X 34691967 39993070 4904990 11280372 1806775 1813494 41403732 53086936 88839850 96434315 11502610 180594 0 X 0 1 X 1 0 X 2439919 2512912 11515542 5011574 13468404 34948351 2439919 2512912 11515542 5011574 13468404 34948351 5072085 29876266 693451 589875 578828 624550 682951 3169655 38118006 179948709 0.78380 0.70990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 38844004 282201 1501485 36893 1176568 39414229 37524028 202750 2341659 33136 1191297 38844004 35443006 53243 3708243 1680464 37524028 30036887 236486 6084783 915150 35443006 31670189 176682 -796056 1013928 30036887 0.90860 0.04690 0.04450 0 0 358747 358747 63728539 29813144 33915395 10903251 4787345 6115906 10431905 7409256 3022649 1716184 1716184 45128881 ACCRUED INTEREST PAYABLE 254567 CHARITABLE GIFT ANNUITY PAYABLE 9774 264341 X 45617504 180594 180594 45436910 129085 11140545 11269630 56706540 33934300 0 33934300 129085 11140545 11269630 45203930 PART III, LINE 4: THE SCHOOL HOLDS TWO PORTRAITS FOR DISPLAY AT THE SCHOOL. BEYOND THIS ARTWORK DISPLAYED IN THE HALLWAYS, THE SCHOOL GALLERY PROVIDES DEDICATED SPACE TO ELEVATE STUDENT ARTWORK. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN THE CURRENT YEAR AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 11,140,545. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 11,140,545. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE CURRENT FISCAL YEAR THE RACIALLY NON-DISCRIMINATORY POLICY WAS PUBLISHED IN CONJUNCTION WITH A GROUP ADVERTISEMENT COORDINATED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND ON DECEMBER 16, 2018. 1 FINANCIAL AID TO STUDENTS 313 11140545 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO SSS WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. X 0 0 X X X X 0 1 0 1 0 0 0 0 0 JEFFREY DUBOIS CHIEF FINANCIAL OFFICER 232300 0 0 0 0 0 12788 0 23811 0 268899 0 0 0 TODD VINCENT HEAD OF SCHOOL-SEE SCH O 528805 0 0 0 30852 0 27500 0 73987 0 661144 0 0 0 DANIEL STEWART TUCKER ASST. HEAD OF SCHOOL-SEE S 247533 0 0 0 0 0 18895 0 113310 0 379738 0 0 0 STEPHANIE GOVERNALI DIRECTOR OF ADVANCEMENT 202000 0 0 0 0 0 11120 0 98316 0 311436 0 0 0 IAN MOORHOUSE DIRECTOR OF OPERATIONS 141400 0 28077 0 0 0 10962 0 60938 0 241377 0 0 0 DANIEL DONATO ADMISSIONS/COACH-SEE SCH O 204190 0 0 0 30840 0 16585 0 171515 0 423130 0 0 0 GEORGE WRIGHT ATHLETICS TEACHER 148850 0 0 0 0 0 14885 0 23698 0 187433 0 0 0 CARMEN URBONAS DIRECTOR OF HUMAN RESOURCES 171700 0 0 0 0 0 0 0 23748 0 195448 0 0 0 BRIAN MCCOLGAN DIRECTOR OF ATHLETICS 141400 0 0 0 0 0 14140 0 73852 0 229392 0 0 0 ALEXANDER MELANSON ASSISTANT DIRECTOR OF FINANCE 127025 0 0 0 0 0 524 0 56969 0 184518 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL, TODD VINCENT, AND THE ASSOCIATE DIRECTOR OF ADMISSIONS, DANIEL DONATO LIVE IN CAMPUS HOUSING PROVIDED BY THE SCHOOL. THE FMV OF THE HOUSING IS INCLUDED IN THEIR W-2 INCOME. PART I, LINE 4B IN JULY 2015, DEXTER SOUTHFIELD ADOPTED A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR TODD VINCENT, THE HEAD OF SCHOOL AND DANIEL STEWART TUCKER, THE ASSISTANT HEAD OF SCHOOL. DEXTER SOUTHFIELD HAS NOT MADE ANY CONTRIBUTIONS DURING FISCAL YEAR 2018 OR FISCAL YEAR 2019. THE NON-QUALIFIED DEFERRED COMPENSATION PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. THE SCHOOL TERMINATED THE PLAN DURING THE CURRENT YEAR AND THE REMAINING AMOUNT WAS PAID OUT IN SEPTEMBER OF 2019. PART I, LINE 5 THE ORGANIZATION GAVE A BONUS TO THE DIRECTOR OF OPERATIONS DURING FISCAL YEAR 2019 WHICH WAS BASED ON A PERCENTAGE OF THE CAMP REVENUE FOR THE YEAR. SCHEDULE J, PART II, COLUMN D TODD VINCENT'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $50,175 FOR 1 CHILD. STEPHANIE GOVERNALI'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $74,520 FOR 2 CHILDREN. IAN MOORHOUSE'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $37,260 FOR 1 CHILD. DANIEL STEWART TUCKER'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $89,525 FOR 2 CHILDREN, AND DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $147,780 FOR 3 CHILDREN. BRIAN MCCOLGAN'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $50,175 FOR 1 CHILD AND ALEXANDER MELANSON'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $33,350 FOR 1 CHILD. TUITION REMISSION IS A NONTAXABLE BENEFIT PROVIDED TO ALL EMPLOYEES OF THE SCHOOL. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2007-08-02 47720000 CONSTRUCTION OF NEW CAMPUS BUILDING 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2015-09-14 32262736 TO RETIRE A PORTION OF 2007 BONDS AND FUND THE REFUNDING TRUST AGREEMENT 0 0 0 A 46780000 47720000 2008 0 0 1 1 B 32262736 510416 31752320 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 1 A 1 B 1 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 81926 EMPLOYEE OF THE SCHOOL 0 X 21 700933 FMV ON DATE OF GIFT 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR SECURITIES-PUBLICLY TRADED REPRESENTS THE INDIVIDUALS WHO DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE MEETINGS OF THE BOARD OF TRUSTEES ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE CORPORATION. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONDUCTS PERIODIC REVIEWS TO DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND PRINCIPAL ADMINISTRATORS OF THE SCHOOL TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SCHOOL ALSO DISTRIBUTES THIS POLICY TO ANY THIRD PARTY WHO IS ENGAGED BY THE SCHOOL TO PROVIDE CONSULTING OR FINANCIAL AND OPERATING DECISIONS. IF THERE IS A POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE TO THE COMMITTEE ON TRUSTEES AND GOVERNANACE AND ANY OTHER BOARD COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE THE DISCLOSURE HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF A CONFLICT OF INTEREST IS FOUND, THE GOVERNANCE COMMITTEE WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE SCHOOL'S BEST INTEREST AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 FOLLOWING A COMPREHENSIVE COMPENSATION REVIEW AND ANALYSIS OF SALARY AND BENEFITS FOR ALL EMPLOYEES, THE BOARD OF TRUSTEES MADE AN ADJUSTMENT TO THE COMPENSATION STRUCTURE FOR ITS HEAD OF SCHOOL TO ENSURE ADEQUATE AND COMPETITIVE COMPENSATION. THE COMPENSATION PROCESS REQUIRES REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. THEY COMPARE DATA FROM COMPARABLE SURROUNDING PRIVATE SCHOOLS TO DETERMINE ADEQUATE COMPENSATION. THE DELIBERATION IS DOCUMENTED. DEFERRED COMPENSATION WAS ELIMINATED IN LIEU OF AN INCREASE TO THE HEAD OF SCHOOL'S BASE PAY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S DOCUMENTS ARE AVAILABLE UPON REQUEST.