2019-10-03T07:40:05-05:00 2019-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-07-01 042103869 THE BEAVER COUNTRY DAY SCHOOL INC BEAV 6177382700 791 HAMMOND STREET CHESTNUT HILL MA 024672317 PETER HUTTON HEAD OF SCHOOL 6177382701 2019-09-27 1 JUSTIN K LEROUX CPA P01722988 5083669100 2019-09-27 40.70.31.102 2019-09-27 10:23:05 ED P 00AC68185A21F79280EE8D14E69A55E23ABC417D CD23422F4DE0791B79B5D518482C2F7364FE87EC 2018 2020-01-14 16:20:31Z PETER HUTTON 791 HAMMOND STREET CHESTNUT HILL MA 02467 33904055 0 X WWW.BCDSCHOOL.ORG X 1920 MA BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 21 20 476 20 0 0 4225796 3679856 27041968 29173397 378514 395701 0 0 31646278 33248954 5080912 5427754 0 0 15501181 16342468 0 0 1087704 10346189 10995458 30928282 32765680 717996 483274 77607991 75800610 40641433 37949224 36966558 37851386 X BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 0 0 21725847 5132483 24687382 INSTRUCTION PROGRAM - PROVIDES AN ACADEMICALLY CHALLENGING CURRICULUM TO ALMOST 500 STUDENTS IN GRADES 6-12. STUDENTS COME FROM NUMEROUS COMMUNITIES IN EASTERN MASS., AND FROM A WIDE RANGE OF SOCIAL AND ECONOMIC BACKGROUNDS. 3476902 295271 4486015 SUMMER PROGRAM - PROVIDES EDUCATIONAL AND ATHLETIC INSTRUCTION DURING THE SUMMER TO OVER 1000 CHILDREN, RANGING IN AGE FROM 3 TO 14. 25202749 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 81 0 1 476 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOANNE MCDANIEL 6177382744 791 HAMMOND STREET CHESTNUT HILL MA 02467 TOMAS BERGSTRAND PRESIDENT 1.00 X X 0 0 0 CHARLES ARGYLE MEMBER 1.00 X 0 0 0 LISA SMITH-MCQUEENIE CLERK 1.00 X X 0 0 0 PETER SAPERSTONE TREASURER 1.00 X X 0 0 0 MIMI LOVE MEMBER 1.00 X 0 0 0 BIJAN SABET MEMBER 1.00 X 0 0 0 JENNIFER SKOLER MEMBER 1.00 X 0 0 0 MARK VERDI MEMBER 1.00 X 0 0 0 NICK ADAMS MEMBER 1.00 X 0 0 0 MARGA BILLER MEMBER 1.00 X 0 0 0 CHRIS DEDE MEMBER 1.00 X 0 0 0 BRIAN FERGUSON MEMBER 1.00 X 0 0 0 ENNA JIMENEZ MEMBER 1.00 X 0 0 0 WILL MUGGIA MEMBER 1.00 X 0 0 0 PAULA PRICE MEMBER 1.00 X 0 0 0 BARBARA SHAPIRO MEMBER 1.00 X 0 0 0 BOB TAYLOR MEMBER 1.00 X 0 0 0 LYNN YOUNGEN MEMBER 1.00 X 0 0 0 REBECCA ROTH GULLO MEMBER 1.00 X 0 0 0 TRACEY BERKOWITZ MEMBER 1.00 X 0 0 0 JOE ROBINSON FACULTY REPRESENTATIVE 45.00 X 83860 0 5737 GEETA JAIN FACULTY REPRESENTATIVE 45.00 X 93811 0 6771 HEIDI JOHNSON PARENT REPRESENTATIVE 1.00 X 0 0 0 JULIE MARCUS PARENT REPRESENTATIVE 1.00 X 0 0 0 SUMAYA IBRAHIM STUDENT REPRESENTATIVE 1.00 X 0 0 0 PETER HUTTON HEAD OF SCHOOL 45.00 X X 720110 0 370588 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 45.00 X 173547 0 23202 NANCY GOLDSMITH-CARUSO ASSOCIATE HEAD OF SCHOOL 45.00 X 261466 0 21332 ERICA DEROSA DIRECTOR OF PHILANTROPY AND ENGAGEMENT 45.00 X 231053 0 18486 LISA SZATMARY DIRECTOR OF MARKETING 45.00 X 183321 0 21690 NAT SALTONSTALL DIRECTOR OF SUMMER PROGRAMS 45.00 X 189024 0 32226 KADER ADJOUT DIRECTOR OF UPPER SCHOOL 45.00 X 160737 0 30099 2096929 0 530131 33 0 1 0 SAGE DINNING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILE MD 21039 FOOD SERVICE 1101407 ERLAND CONSTRUCTION 71 3RD AVE BRAINTREE MA 01803 CONSTRUCTION 831533 NUVU 1920 WASHINGTON STREET 2 BOSTON MA 02118 EDUCATIONAL PROGRAMS 528500 SPORTS TURF SPECIALTIES INC 20 KENNETH A MINER DR WRENTHAM MA 02093 CONSTRUCTION 402174 OUNCEIT LLC PO BOX 3137 WORCHESTER MA 01613 IT SERVICE 387918 20 3679856 3679856 TUITION & FEES 611710 24587509 24587509 SUMMER PROGRAM FEES 611710 4486015 4486015 AUXILIARY ACTIVITIES 611710 99873 99873 29173397 409376 409376 641426 602908 52193 38518 -52193 -13675 -13675 33248954 29173397 0 395701 5427754 5427754 891268 156866 420670 313732 12923947 9021413 3163650 738884 700663 488706 179467 32490 918466 631905 241817 44744 908124 592616 246689 68819 63873 63873 42900 42900 581411 155477 184532 241402 166067 25804 134509 5754 1513150 938620 497563 76967 561363 561363 662342 571670 64536 26136 716168 716168 2695737 2695737 96495 96495 FOOD SERVICE 1193091 1143732 17279 32080 REPAIRS AND MAINTENANCE 902933 89690 813243 OFF CAMPUS PROGRAMS 641443 641443 MISCELLANEOUS 473721 277101 130162 66458 684764 5039952 -3795426 -559762 32765680 25202749 6475227 1087704 5365429 2042492 3259989 6392383 6064557 4376977 94999 178967 808820 901297 69135064 21523263 48345207 47611801 13604370 13810461 64620 486232 77607991 75800610 807413 1141457 13411230 13676946 26422790 23130821 40641433 37949224 X 30455153 31378025 4752006 4632269 1759399 1841092 36966558 37851386 77607991 75800610 483274 401554 0 X X 0 1 X 1 0 X 14016063 81693 815789 637898 14275647 12146826 1605045 832241 568049 14016063 11250540 175950 1317351 597015 12146826 11674659 126119 -30532 519706 11250540 11647966 108456 485926 567689 11674659 0.64430 0.12900 0.22670 0 0 181047 181047 59765049 17071207 42693842 4760634 2021866 2738768 4169593 2220548 1949045 258741 209642 49099 47611801 EQUITY MUTUAL FUNDS 7650586 F FIXED INCOME MUTUAL FUNDS 2656247 F MULTI-STRATEGY HEDGE FUND 3503628 F 13810461 X 33650508 401554 401554 33248954 0 33248954 32765680 0 32765680 0 32765680 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2019. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART V, LINE 4 EARNINGS FROM PERMANENTLY RESTRICTED ASSETS MAY BE USED FOR OPERATIONS, BUT THE PRINCIPAL MAY NOT BE SPENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EVERY DECEMBER THE ORGANIZATION PUBLISHES A JOINT ADVERTISEMENT WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 CAYMAN ISLANDS - BASED HEDGE FUND INVESTMENT 3503628 0 0 0 0 0 0 3503628 0 3503628 0 0 1 1 0 0 SCHEDULE F, PART IV, LINE 3 THE SCHOOL IS NOT REQUIRED TO COMPLETE FORM 5471 AS THE SCHOOL DID NOT MEET THE 10% OWNERSHIP THRESHOLD. SCHEDULE F, PART IV, LINE 4 THE SCHOOL IS ALSO NOT REQUIRED TO COMPLETE FORM 8621 AS THE PRIVATE FOREIGN INVESTMENT COMPANY (PFIC) RULES DO NOT APPLY TO TAX EXEMPT ORGANIZATIONS AS THE PFIC DOES NOT GENERATE ANY INCOME UNDER INTERNAL REVENUE CODE 952 SUBPART F. 0 TUITION FINANCIAL AID 124 5132483 SUMMER PROGRAM FINANCIAL AID 8 295271 PART III, COLUMN (B) FINANCIAL AID IS AWARDED TO STUDENTS OBJECTIVELY, BASED ON FINANCIAL NEED. TO BE CONSIDERED FOR A FINANCIAL AID GRANT FOR THEIR CHILDREN, PARENTS MUST FURNISH : 1) A COPY OF THEIR MOST RECENT FEDERAL TAX RETURN; AND 2) A COMPLETED "PARENTS FINANCIAL STATEMENT" (PFS) PROVIDED BY THE SCHOOL AND STUDENT SERVICE (SSS) AFFILIATE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. SSS ANALYZES THE PFS AND MAKES A RECOMMENDATION REGARDING FINANCIAL NEED TO THE SCHOOL FOR ITS CONSIDERATION. THE SCHOOL MAKES THE FINAL DETERMINATION OF FINANCIAL AID BASED ON THE SSS RECOMMENDATION, SOMETIMES ADJUSTED TO REFLECT UNUSUAL CIRCUMSTANCES OR SUPPLEMENTAL INFORMATION PROVIDED BY THE FAMILY. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 PETER HUTTON HEAD OF SCHOOL 720110 0 0 0 0 0 309088 0 61500 0 1090698 0 214206 0 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 173547 0 0 0 0 0 12819 0 10383 0 196749 0 0 0 NANCY GOLDSMITH-CARUSO ASSOCIATE HEAD OF SCHOOL 261466 0 0 0 0 0 20746 0 586 0 282798 0 0 0 ERICA DEROSA DIRECTOR OF PHILANTROPY AND ENGAGEME 231053 0 0 0 0 0 17298 0 1188 0 249539 0 0 0 LISA SZATMARY DIRECTOR OF MARKETING 183321 0 0 0 0 0 12929 0 8761 0 205011 0 0 0 NAT SALTONSTALL DIRECTOR OF SUMMER PROGRAMS 189024 0 0 0 0 0 15920 0 16306 0 221250 0 0 0 KADER ADJOUT DIRECTOR OF UPPER SCHOOL 160737 0 0 0 0 0 13380 0 16719 0 190836 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN A SCHOOL-OWNED RESIDENCE AS PART OF HIS CONTRACT. A PORTION ($48,000) OF THE FIGURE SHOWN IN PART II (D) INCLUDES THE VALUE OF THIS HOUSING BASED ON COMPARABLE LOCAL RENTALS. PART I, LINE 4B PETER HUTTON, HEAD OF SCHOOL - $51,515 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-02-01 15282915 REFINANCE DEBT 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-05-10 13000000 CONSTRUCTION 0 0 0 A 1989005 15282915 15282915 2013 1 0 1 1 B 2954854 13000000 13000000 2016 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 0 B 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES; THE MEMBERS THEN HAVE A WEEK TO SUGGEST ANY CHANGES. ANY MEMBERS OF THE BOARD MAY REQUEST A COPY OF THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF THE SCHOOL YEAR, ALL BOARD MEMBERS RECEIVE A COPY OF THE POLICY AND A DISCLOSURE STATEMENT THAT MUST BE FILLED IN AND RETURNED TO THE HEAD'S ASSISTANT, ACTING ON BEHALF OF THE BOARD CLERK. THE HEAD'S ASSISTANT MONITORS RETURNS AND ASSURES THAT ALL TRUSTEES DO SUBMIT THE DISCLOSURE STATEMENTS. ANY CONFLICTS DISCLOSED WOULD BE REVIEWED BY THE EXECUTIVE COMMITTEE, PER THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD'S COMPENSATION: EACH YEAR THE SCHOOL'S CHIEF FINANCIAL OFFICER(CFO) ASSEMBLES MARKET DATA FROM TWO PRINCIPAL SOURCES: STATISTICS COMPILED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND IRS FORM 990'S AVAILABLE FROM THE GUIDESTAR WEB SITE. EMPHASIS IS ON BENCHMARKING VERSUS A DEFINED GROUP OF 9 PEER SCHOOLS, BUT THE BROADER NEW ENGLAND MARKET IS ALSO CONSIDERED. THIS DATA IS CONDENSED, ANALYZED AND CONVEYED TO THE PRESIDENT OF THE BOARD OF TRUSTEES, WHO SHARES IT WITH THE BOARD'S EXECUTIVE COMMITTEE. THAT COMMITTEE, CONSIDERING ALSO WRITTEN PERFORMANCE EVALUATIONS, SETS THE HEAD'S COMPENSATION. FOR POSITIONS OTHER THAN THE HEAD, THE CFO ASSEMBLES OBJECTIVE MARKET DATA FROM THE NAIS AND CONVEYS THAT TO THE HEAD, WHO SETS SALARIES BASED ON THAT DATA, EMPLOYEE PERFORMANCE, AND BUDGETED FUNDS AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.