2025-02-20T15:48:34-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 042104152 DEXTER SOUTHFIELD INC DEXT 6175225544 20 NEWTON STREET BROOKLINE MA 024457498 ALEXANDER MELANSON CHIEF FINANCIAL OFFICER 6175225544 2025-02-18 1 0 LAURA J KENNEY P00202198 6177170831 2025-02-18 2023 2025-03-06 01:10:19Z TODD VINCENT 20 NEWTON STREET BROOKLINE MA 024457498 91123909 0 X 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" 22 22 442 115 -105910 44312 8112450 9656965 59223592 61116128 659907 2032658 -41198 -23986 67954751 72781765 9019665 8438775 0 0 29812387 32104977 0 0 3183978 17848728 20486056 56680780 61029808 11273971 11751957 143274204 168795264 53822868 58573799 89451336 110221465 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 40417678 58795099 THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12. 8438775 8438775 THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. 3570495 2321029 THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS AND OTHER EDUCATIONAL OUTREACH PROGRAMS. 52426948 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 115 0 1 442 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X ALEXANDER MELANSON 6177513624 20 NEWTON ST BROOKLINE MA 02445 TODD VINCENT HEAD OF SCHOOL 60.00 X 589867 0 56329 STEPHANIE GOVERNALI DIRECTOR OF EXTERNAL RELATIONS 50.00 X 247204 0 165059 DANIEL DONATO SR. ASSOCIATE DIR. OF ADMISSIONS 50.00 X 266939 0 102958 ALEXANDER MELANSON CFO 50.00 X 191831 0 176228 CASEY BOBO ASSISTANT HEAD OF SCHOOL 60.00 X 231651 0 11928 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 50.00 X 197546 0 27852 SCOTT DUDDY DIR. OF ADMISSIONS AND ENROLLMENT 50.00 X 177196 0 39417 BRIAN MCCOLGAN DIRECTOR OF ATHLETIC OPERATIONS 50.00 X 162395 0 39993 JOHN BOOTH HEAD OF UPPER SCHOOL 50.00 X 191266 0 10370 JEFFREY DUBOIS FORMER CFO THRU JANUARY 2023 60.00 X 142340 0 7800 DANIEL STEWART TUCKER FORMER ASST. HOS THRU 06/2023 50.00 X 109900 0 24537 IAN O' KEEFFE TRUSTEE 1.00 X 0 0 0 GLORIA YANG TRUSTEE 1.00 X 0 0 0 SEAN KEOHANE TRUSTEE 1.00 X 0 0 0 ROBERT MCALEER TRUSTEE 1.00 X 0 0 0 MICHAEL FORRESTER TRUSTEE 1.00 X 0 0 0 TERENCE CONNELL TRUSTEE 1.00 X 0 0 0 RICHARD ALLEN TRUSTEE 1.00 X 0 0 0 DENIS CLEARY TRUSTEE 1.00 X 0 0 0 JASON IMPERATO MD TRUSTEE 1.00 X 0 0 0 JONATHAN ASHE TRUSTEE 1.00 X 0 0 0 WALTER DONOVAN TRUSTEE 1.00 X 0 0 0 DAN RIOUX TRUSTEE 1.00 X 0 0 0 SUSANNAH THAYER TRUSTEE 1.00 X 0 0 0 BRANT BINDER TRUSTEE 1.00 X 0 0 0 FEI WANG TRUSTEE A/O 12/05/2023 1.00 X 0 0 0 KARA MURPHY-PIERCE TRUSTEE A/O 12/05/2023 1.00 X 0 0 0 JEFFREY MARKLEY TRUSTEE A/O 06/22/2023 1.00 X 0 0 0 ARI HASEOTES TRUSTEE A/O 12/05/2023 1.00 X 0 0 0 JOHN SIMOURIAN TRUSTEE THRU 06/13/24 1.00 X 0 0 0 HASAN JAFRI TRUSTEE THRU 06/13/24 1.00 X 0 0 0 DAVID DORMON TRUSTEE THRU 06/13/24 1.00 X 0 0 0 CATHERINE STANZLER TRUSTEE/CLERK 1.00 X X 0 0 0 SCOTT GIESELMAN TRUSTEE/PRESIDENT 4.00 X X 0 0 0 JESSICA SCHMITZ TRUSTEE/VICE PRESIDENT 1.00 X X 0 0 0 RYLAN M HAMILTON TRUSTEE/TREASURER 1.00 X X 0 0 0 2508135 0 662471 44 1 1 0 DELLBROOK CONSTRUCTION LLC 859 WILLARD STREET QUINCY MA 02169 CONSTRUCTION 12226873 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 2340690 RAD SPORTS 171 VFW DRIVE ROCKLAND MA 02370 CONSTRUCTION 1738026 LOCAL MOTION OF BOSTON INC 66B ROCSAM PARK ROAD BRAINTREE MA 02184 TRANSPORTATION 1633563 ARCARCHITECTURAL RESOURCES CAMBRIDGE I 501 BOYLSTON STREET BOSTON MA 02116 ARCHITECTURAL 861792 27 9656965 391825 9656965 TUITION & FEES 611110 58294070 58294070 SUMMER PROGRAM 611110 2321029 2321029 OTHER REVENUE 611110 501029 501029 61116128 1744216 1035 1743181 287428 335000 -47572 -47572 -172775 125203 18273469 6445 17991472 0 281997 6445 288442 65830 222612 39258 15672 23586 23586 72781765 61116128 -105910 2114582 8438775 8438775 1691452 246232 1016627 428593 102290 102290 21018226 17647260 2130777 1240189 1224067 1041019 120788 62260 6407785 6108212 226634 72939 1661157 1372986 178055 110116 71589 71589 110834 110834 146963 146963 63313 63313 49302 39616 6388 3298 2297893 1771107 81768 445018 122362 98323 15855 8184 3322697 3098621 156694 67382 461202 4417 43805 412980 1645003 1538453 74509 32041 3865143 3608714 179318 77111 434904 406734 19699 8471 FOOD SERVICE 2352330 2199965 106547 45818 TRANSPORTATION 1614101 1614101 CONTRACTED SERVICES 1482094 1190921 192043 99130 ATHLETICS 1052850 1052850 1393476 846352 476676 70448 61029808 52426948 5418882 3183978 4110116 2947474 2964040 6760996 223556 201097 124097 137210 664367 798949 143028084 56395400 67305830 86632684 57811975 58083145 9958889 13184936 111334 48773 143274204 168795264 3052790 1572444 14109978 16028016 36409828 40612190 82000 250272 279149 53822868 58573799 X 81569079 97448977 7882257 12772488 89451336 110221465 143274204 168795264 X 11751957 6521133 2737721 -240682 X 0 1 X 1 0 X 3941827 6649822 3986428 10850171 9656965 35085213 3941827 6649822 3986428 10850171 9656965 35085213 3997700 31087513 763909 604394 693663 1166940 1868384 5097290 40182503 268121998 0.77370 0.75780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30115 X X 0 52289648 1730978 7504877 53870 1557330 59914303 46918325 1648056 5240347 48701 1468379 52289648 51927033 1608618 -5166006 51667 1399653 46918325 39622157 1416753 12223005 38865 1296017 51927033 39414229 1346420 129293 38147 1229638 39622157 0.90089 0.09911 0.00000 0 0 358747 358747 113132470 40035483 73096987 14527592 6968400 7559192 13916079 9391517 4524562 1093196 1093196 86632684 ALTERNATIVE INVESTMENTS 13184936 F 13184936 ACCRUED INTEREST PAYABLE 274825 CHARITABLE GIFT ANNUITY PAYABLE 4324 279149 X 66916459 6521133 350672 6871805 60044654 146963 12590148 12737111 72781765 48884051 350672 350672 48533379 146963 12349466 12496429 61029808 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 V, LINE 4: DEXTER SOUTHFIELD DRAWS UP TO 3.5% ANNUALLY FROM THE ENDOWMENT TO SUPPORT OPERATIONS. 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 RETURN 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 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 15,672. RENTAL EXPENSES 335,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,009,270. LOSS ON PLEDGE RECEIVABLE 240,682. OTHER NON-OPERATING EXPENSES 340,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 15,672. RENTAL EXPENSES 335,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 12,009,270. OTHER NON-OPERATING EXPENSES 340,196. 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 ON THE SCHOOL'S HOMEPAGE OF ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 4011701 0 0 0 0 0 0 4011701 0 4011701 1 0 1 1 1 0 PART I, LINE 3: THE ACCOUNTING METHOD USED IS THE ACCRUAL BASIS CONSISTENT WITH FINANCIAL STATEMENT REPORTING. 1 FINANCIAL AID TO STUDENTS 193 8438775 PART I, LINE 2: FINANCIAL AID IS DETERMINED BASED ON THE STUDENTS' NEED. DEXTER SOUTHFIELD USES THE SERVICES OF CLARITY. THE PARENTS FILL OUT THEIR FINANCIAL STATEMENT AND SUBMIT IT TO CLARITY WHO THEN TURNS OVER THE INFORMATION TO THE SCHOOL. FINANCIAL AID IS AWARDED IN A NONDISCRIMINATORY AND OBJECTIVE MANNER. X 0 0 X X X X 1 0 0 0 0 0 0 1 0 TODD VINCENT HEAD OF SCHOOL 459015 0 100000 0 30852 0 33000 0 23329 0 646196 0 0 0 STEPHANIE GOVERNALI DIRECTOR OF EXTERNAL RELATIONS 247204 0 0 0 0 0 25770 0 139289 0 412263 0 0 0 DANIEL DONATO SR. ASSOCIATE DIR. OF ADMISSIONS 207539 0 0 0 59400 0 19839 0 83119 0 369897 0 0 0 ALEXANDER MELANSON CFO 161831 0 30000 0 0 0 15409 0 160819 0 368059 0 0 0 CASEY BOBO ASSISTANT HEAD OF SCHOOL 216651 0 15000 0 0 0 11928 0 0 0 243579 0 0 0 CARMEN ALIBER DIRECTOR OF HUMAN RESOURCE 197546 0 0 0 0 0 17385 0 10467 0 225398 0 0 0 SCOTT DUDDY DIR. OF ADMISSIONS AND ENROLLMENT 162196 0 15000 0 0 0 16088 0 23329 0 216613 0 0 0 BRIAN MCCOLGAN DIRECTOR OF ATHLETIC OPERATIONS 162395 0 0 0 0 0 16664 0 23329 0 202388 0 0 0 JOHN BOOTH HEAD OF UPPER SCHOOL 191266 0 0 0 0 0 10370 0 0 0 201636 0 0 0 JEFFREY DUBOIS FORMER CFO THRU JANUARY 2023 12285 0 0 0 130055 0 1445 0 6355 0 150140 0 0 0 DANIEL STEWART TUCKER FORMER ASST. HOS THRU 06/2023 109900 0 0 0 0 0 0 0 24537 0 134437 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 FAIR MARKET VALUE OF THE HOUSING IS INCLUDED IN THEIR FORM W-2 INCOME. PART I, LINE 4A JEFFREY DUBOIS, FORMER CHIEF FINANCIAL OFFICER RECEIVED A SEVERANCE PAYMENT OF $130,055 IN CALENDAR YEAR 2023. PART I, LINE 7 CERTAIN HIGHLY COMPENSATED EMPLOYEES WERE GIVEN A BONUS. THE BONUS TOTALS WERE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. NO BONUSES WERE BASED UPON A REVENUE- OR NET REVENUE-BASED FORMULA BUT WERE A RESULT OF THE REVIEWS FROM THE SCHOOL'S PERFORMANCE MANAGEMENT SYSTEM. SCHEDULE J, PART II, COLUMN D STEPHANIE GOVERNALI'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $115,960. DANIEL DONATO'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $59,790. ALEXANDER MELANSON'S NONTAXABLE BENEFITS INCLUDE TUITION REMISSION OF $137,490. A 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 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2022-07-29 10000000 FUNDS TO EXPAND FIELD RENOVATION,CLASSROOM AND DINING HALL ADDITIONS 0 0 0 A 32262736 510416 31752320 2007 0 1 1 1 B 10000000 184790 9815210 2023 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 A 0 1 0 1 0 0 0 0 1 B 0 1 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2023 ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/29/2022 KRISTEN VINCENT WIFE OF HEAD OF SCHOOL 102290 EMPLOYEE OF THE SCHOOL 0 X 19 391825 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 THERE ARE NO SEPARATE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE OF THE SCHOOL. 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 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL, OTHER OFFICERS AND KEY EMPLOYEES. THE COMMITTEE COMPARES DATA FROM COMPARABLE SURROUNDING INDEPENDENT SCHOOLS TO DETERMINE ADEQUATE COMPENSATION. DELIBERATION AND DECISION ARE DOCUMENTED AT THE COMMITTEE LEVEL. THE HEAD OF SCHOOL ANNUAL REVIEW IS CONDUCTED JOINTLY BY THE BOARD PRESIDENT AND THE CHAIR OF THE COMPENSATION COMMITTEE. THE PROCESS WAS LAST COMPLETED JUNE 21, 2024. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON PLEDGE RECEIVABLE -240,682. THIRTY GODDARD CIRCLE LLC 300 WASHINGTON STREET BROOKLINE MA 02445 993534852 STRATEGIC LAND PURCHASE AND HEAD OF SCHOOL HOUSING MA 4351638 DEXTER SOUTHFIELD INC