2018-02-13T12:51:06-07:00 2017-06-30 990 2016-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2018-02-13 2016 2022-09-23 18:48:47Z Jay Bounty 350 Prospect Street Belmont MA 02351 40738399 0 X www.belmonthill.org X 1923 MA Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 34 33 266 300 -158944 -173466 7116000 7017179 19739280 21006212 818460 2837143 -507753 -498509 27165987 30362025 4288238 4804858 0 0 14632077 15313798 0 0 1937124 9512912 9940015 28433227 30058671 -1267240 303354 167761700 178496859 47517351 47361553 120244349 131135306 Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 0 0 22048365 4758389 19957387 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. 666490 46469 1018145 Educational institutions and related activities: Educated 550 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. Instructional program for another 601 boys and girls, ages 6 to 14, in athletic skills camps and art workshops, one to three weeks in length with emphasis on instruction and skill development. 0 0 0 22714855 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 92 0 1 266 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Dewey Awad Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 Frederick Chicos Trustee 1 0 X 0 0 0 John Connors III Trustee 1 0 X 0 0 0 Roy Coppedge III Trustee 1 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Jeffrey Drucker Trustee 1 0 X 0 0 0 Ronald Druker Trustee 1 0 X 0 0 0 Warren Fields Trustee 1 0 X 0 0 0 Ruthanne Fuller Trustee 1 0 X 0 0 0 Scott Gieselman Trustee 1 0 X 0 0 0 Michael Gordon Trustee 1 0 X 0 0 0 John Grady Trustee 1 0 X 0 0 0 Christopher Hadley Trustee 1 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jason Hurd Trustee 1 0 X 0 0 0 Gerald Jordan Trustee 1 0 X 0 0 0 Stephen Karp Trustee 1 0 X 0 0 0 Jonathan Kraft Trustee 1 0 X 0 0 0 Emmett Lyne Trustee 1 0 X 0 0 0 Martin Mannion Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Kirk D McKeown Trustee 1 0 X 0 0 0 Jennifer Mugar-Flaherty Trustee 1 0 X 0 0 0 Mitali Prasad Trustee 1 0 X 0 0 0 Taggart Romney Trustee 1 0 X 0 0 0 Rachel Stettler Trustee 1 0 X 0 0 0 Margaret M Wade Trustee 1 0 X 0 0 0 David B Wilkins Trustee 1 0 X 0 0 0 Sarah Williamson Trustee 1 0 X 0 0 0 Jon Biotti President 1 0 X X 0 0 0 William Achtmeyer Vice President 1 0 X X 0 0 0 Anthony Ryan Treasurer 1 0 X X 0 0 0 Richard Melvoin Secretary Head of School 50 0 X X 757355 0 98876 Jay Bounty CFO and Director of Operations Assistant Treasurer 50 0 X 269569 0 39568 Beverly Coughlin Dir of Development 50 0 X 300965 0 39689 Steven Armstrong Asst Head of School 50 0 X 151742 0 121582 Jay Fritz Director of Major and Planned Gifts 50 0 X 142990 0 64267 Donald Bradley Director of Upper School 50 0 X 136642 0 42352 Lauren Hamilton Director of Middle School 50 0 X 124426 0 93070 1883689 0 499404 32 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 1171517 RAD Corporation 171 VFW Drive Rockland MA 02370 Construction Services 789074 Prospect Building Services Corp 360 Pearl Street Malden MA 02148 Custodial Services 507294 Bedford Charter Services 11 Railroad Avenue Bedford MA 01730 Transportation Services 457196 Four Seasons Air 373 S Willow Street Suite 331 Manchester NH 03103 HVAC Services 242665 8 0 0 143150 0 0 6874029 -428017 7017179 Tuition and Fees 900099 19957387 19957387 0 0 Summer Programs 900099 1018145 1018145 0 0 Student Activities 900099 30680 30680 0 0 0 0 0 0 21006212 232104 252378 0 -20274 0 0 0 0 0 0 0 0 490599 0 1263053 0 -772454 0 -772454 0 -153192 -619262 11435072 0 8830033 0 2605039 0 2605039 2605039 0 0 37805 143150 43557 -5752 -5752 0 0 0 0 0 0 0 177954 239731 -61777 -61777 0 0 School Bus Transportation 900099 288785 288785 0 0 Program and Parent Alumni 900000 35040 35040 0 0 Insurance Dividends 900099 21668 21668 0 0 -4019 -4019 0 0 341474 30362025 24143326 -158944 -639536 0 0 4804858 4804858 0 0 0 0 875483 0 875483 0 0 0 0 0 10369655 7098974 2260982 1009699 834858 592705 186493 55660 2460299 1572055 674306 213938 773503 494245 211998 67260 0 0 0 0 25619 25619 0 0 65020 65020 0 0 0 0 0 0 0 0 125781 125781 0 0 893721 758464 82435 52822 63067 20364 42703 0 842874 530014 165303 147557 367800 145840 202093 19867 0 0 0 0 2262690 2080784 140883 41023 142360 118454 8132 15774 0 0 0 0 24302 14677 9625 0 999170 999170 0 0 0 0 0 0 2033140 2033140 0 0 182131 65628 116503 0 Student Food Services 883520 883520 0 0 Entertainment 343615 58175 106518 178922 Printing and Publications 248529 79662 99812 69055 Postage Membership and Dues 139748 42529 68738 28481 296928 105177 154685 37066 30058671 22714855 5406692 1937124 500 500 8745297 9966424 3842375 2895893 82848 80169 0 0 0 0 0 0 38923 0 831231 1075595 78790144 32475642 47960111 46314502 17874037 24115053 88218886 93845237 0 0 0 0 167492 203486 167761700 178496859 2218521 1921106 0 0 2922058 3055233 7391988 7394136 0 0 0 0 34984784 34991078 0 0 47517351 47361553 X 101078769 109627217 10103574 12289054 9062006 9219035 120244349 131135306 167761700 178496859 X 303354 10551299 0 0 0 36304 X 0 1 1 0 X 13632771 11782540 8326045 7116000 7017179 47874535 19163221 19120798 19640765 20288496 21525640 99738920 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32795992 30903338 27966810 27404496 28542819 147613455 0 0 0 0 0 0 0 0 0 0 0 0 147613455 533050 414684 189713 390743 252378 1780568 -185488 -265444 -83227 -138660 -158944 -831763 347562 149240 106486 252083 93434 948805 0 0 0 0 0 0 0 0 0 0 0 33143554 31052578 28073296 27656579 28636253 148562260 0.99361 0.9919 0.00639 0.0081 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106318605 3043188 13316589 0 4690430 0 117987952 109013599 2574421 -944381 0 4325034 0 106318605 107740311 1570038 3413475 0 3710225 0 109013599 92278664 3610196 15294903 0 3443452 0 107740311 79210331 4015988 12902485 0 3850140 0 92278664 0.843 0.082 0.075 0 0 5872242 0 5872242 56856439 0 21944613 34911826 7760028 0 3105745 4654283 4942961 0 4549918 393043 3358474 0 2875366 483108 46314502 0 0 Limited Partnerships and Alternative Investments 93723437 F Real Estate 121800 F 93845237 37565329 10551299 0 0 1582644 12133943 25431386 125781 4804858 4930639 30362025 26674372 0 0 0 1546340 1546340 25128032 125781 4804858 4930639 30058671 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations. Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 43,557, Cost of goods sold $ 239,731, Rental expenses $ 1,263,052 and the Change in the Value of Split Interest Agreements $ 36,304. Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 4,804,858. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 43,557, Cost of goods sold $ 239,731, Rental expenses $ 1,263,052. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $ 4,804,858. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Belmont Hill School publishes its racially non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Sawyer Tournament 182225 143150 39075 0 0 1500 31811 0 10246 0 0 182225 143150 39075 0 0 1500 31811 0 10246 43557 -4482 1 Financial Aid for the school year 137 4758389 0 by need Tuition aid and discounts for Summer Program Recipients. 348 46469 0 Aid to individuals in Belmont and by need Tuition discounts Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return. 2. A completed "Parents Financial Statement: provided by the school and the student service for financial aid (SSS). SSS analyzes the "Parents Financial Statement" and makes a recommendation regarding financial need to the school for its consideration. The school makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Melvoin Secretary Head of School 435306 0 294341 0 27708 0 31800 0 67076 0 856231 0 0 Beverly Coughlin Dir of Development 300374 0 591 0 0 0 31800 0 7889 0 340654 0 0 0 Jay Bounty CFO and Director of Operations Assistant Treasurer 249886 0 591 0 19092 0 23850 0 15718 0 309137 0 0 0 Steven Armstrong Asst Head of School 150606 0 584 0 552 0 17490 0 104092 0 273324 0 0 0 Jay Fritz Director of Major and Planned Gifts 142106 0 584 0 300 0 14850 0 49417 0 207257 0 0 0 Donald Bradley Director of Upper School 135106 0 584 0 952 0 17160 0 25192 0 178994 0 0 0 Lauren Hamilton Director of Middle School 122250 0 584 0 1592 0 14670 0 78400 0 217496 0 0 0 Schedule J, Part I, Line 1a Richard I. Melvoin is required to stay on campus to perform his duties as Head of School. Included in Richard I. Melvoin's column D for is an amount for 5% of the value of his house with utilities totaling $51377, along with $3376 for housekeeping's charge to clean the house. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. A Massachusetts Development Finance Agency 043431814 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 A 0 0 7423000 0 0 7380142 42858 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.024 0.019 0.043 0 0 1 A 0 0 0 1 0 0 0 0 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 bonds. By verification report dated August 9, 2012 issued by Causey, Demkin & Moore P.C., the yield on the Series 2012B bonds is in excess of the yield on the U.S. Treasury Securities held in escrow to pay the department service rquirement of the Series 2007 bonds. Accordingly, the Series 2012B bond is not an "arbitrage bond" under Section 148 of the Internal Revenue Code of 1986, as amended. X 6972 Cost of flowers X 36 492597 FMV on date of gift X Technology 1 55200 Market Value of Technology X Change in Pledges 1 -978762 NPV of Pledges 0 1 0 Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review the Form 990 online prior to filing. Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. This Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers and key employees, namely the Assistant Treasurer/CFO and Director of Operations and the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public upon request from the Business Office, Belmont Hill School, Inc. at 350 Prospect Street in Belmont, MA 02478. These documents are also available for public inspection on the website of the Attorney General of the Commonwealth of Massachusetts at http://www.charities.ago.state.ma.us and also at Guidestar at http://www2.guidestar.org Form 990, Part XI, Line 9 Other charges in net assets equals the change in split interest agreements. BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 238800 4757713 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 1128410 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 1186195 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1266236 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774553 Belmont Hill School Inc 305 Prospect Street Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 811045471 Real Estate MA 0 845725 Belmont Hill School Inc Extension was filed.