2017-02-14T08:17:33-07:00 2016-06-30 990 2015-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2017-02-14 2015 2021-01-29 14:40:06Z Jay Bounty Belmont Hill School Belmont MA 02478 43808574 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. 35 34 263 300 -138660 -154032 8326045 7116000 19111281 19739280 715408 818460 -555473 -507753 27597261 27165987 3940544 4288238 0 0 13646153 14632077 0 0 1926948 9741170 9512912 27327867 28433227 269394 -1267240 169943340 167761700 46872215 47517351 123071125 120244349 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 20473426 4254707 18779029 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. 735666 33531 924121 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 21209092 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 83 0 1 263 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 1 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 Naomi Aberly Trustee 1 0 X 0 0 0 Dewey Awad Trustee 1 0 X 0 0 0 William L Byrnes 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 John Connors Jr 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 Marilyn McGrath 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 Sarah Williamson Trustee 1 0 X 0 0 0 Mark Wolpow 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 526379 0 95507 Jay Bounty CFO and Director of Operations Assistant Treasurer 50 0 X 259739 0 34032 Beverly Coughlin Dir of Development 50 0 X 292718 0 36720 Steven Armstrong Asst Head of School 50 0 X 149483 0 157590 Jay Fritz Director of Major and Planned Gifts 50 0 X 138990 0 67878 Donald Bradley Faculty 50 0 X 134810 0 72684 Lauren Hamilton Faculty 50 0 X 121542 0 56027 1623661 0 520438 25 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 1086798 Shawmut Woodworking and Supply 560 Harrison Avenue Boston MA 02118 Construction 822754 Prospect Building Services Corp 360 Pearl Street Malden MA 02148 Custodial Services 555091 Bedford Charter Services 11 Railroad Avenue Bedford MA 01730 Student Transportation 423661 Four Seasons Air PO Box 404083 Atlanta GA 30384 HVAC Services 196010 6 0 0 157440 0 0 6958560 265141 7116000 Tuition and Fees 900099 18779029 18779029 0 0 Summer Programs 900099 924121 924121 0 0 Student Activities 900099 36130 36130 0 0 0 0 0 0 19739280 351737 390743 0 -39006 0 0 0 0 0 0 0 0 489238 0 1292671 0 -803433 0 -803433 0 -115026 -688407 15528992 0 15062269 0 466723 0 466723 466723 0 0 34111 157440 57745 -23634 -23634 0 0 0 0 0 0 0 170737 229902 -59165 -59165 0 0 School Bus Transportation 900099 327155 327155 0 0 Program for Parent and Alumni 900099 39116 39116 0 0 Insurance Dividends 900099 16905 16905 0 0 -4697 -4697 0 0 378479 27165987 20916060 -138660 -727413 0 0 4288238 4288238 0 0 0 0 737325 0 737325 0 0 0 0 0 9917975 6944669 2032237 941069 899375 653254 188789 57332 2337089 1540674 596618 199797 740313 488035 188989 63289 0 0 0 0 35466 0 35466 0 74860 0 74860 0 0 0 0 0 0 0 124700 0 124700 0 875377 689010 95956 90411 68193 24081 44112 0 730369 491939 112349 126081 503230 155549 321696 25985 1806166 1660961 112459 32746 152092 125450 6582 20060 0 0 0 0 45132 28306 12493 4333 1005911 1005911 0 0 0 0 0 0 2063221 1891881 132700 38640 180406 73861 106545 0 Student Food Services 880639 880639 0 0 Entertainment 326392 41366 93323 191703 Printing and Publications 307583 93013 140355 74215 Postage Membership and Dues 156132 51241 78365 26526 177043 81014 61268 34761 28433227 21209092 5297187 1926948 500 500 6627926 8745297 4575488 3842375 44607 82848 0 0 0 0 0 0 43576 38923 820795 831231 78469277 30509166 49047539 47960111 19230385 17874037 89429532 88218886 0 0 0 0 122992 167492 169943340 167761700 1807435 2218521 0 0 2696450 2922058 7390519 7391988 0 0 0 0 34977811 34984784 0 0 0 46872215 47517351 X 103677638 101078769 10503675 10103574 8889812 9062006 123071125 120244349 169943340 167761700 X -1267240 -1568623 0 0 0 9087 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 77852961 4691019 92070 0 3425719 0 79210331 0.849 0.082 0.069 0 0 5872242 0 5872242 56188617 0 20185775 36002842 7467862 0 3355421 4112441 4818932 0 4247041 571891 4121624 0 2720929 1400695 47960111 0 0 Limited Partnerships and Alternative Investments 88097686 F Real Estate 121200 F 88218886 22773831 -1568623 0 0 1589405 20782 22753049 124700 4288238 4412938 27165987 25600607 0 0 0 1580318 1580318 24020289 124700 4288238 4412938 28433227 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 $ 57,745, Cost of goods sold $ 229,902, Rental expenses $ 1,292,671, and the Change in the Value of Split Interest Agreements $ 9,087. Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 4,288,238. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 57,745, Cost of goods sold $ 229,902, Rental expenses $ 1,292,671. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $ 4,288,238. 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 non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Sawyer Tournament 191551 157440 34111 0 0 1500 26532 7366 22347 0 0 191551 157440 34111 0 0 1500 26532 7366 22347 57745 -23634 1 Financial Aid for school year 143 4254707 0 by need Tuition aid and discounts for 280 Summer Program recipients. 220 33531 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 423830 0 75091 0 27458 0 29150 0 66357 0 621886 0 0 0 Beverly Coughlin Dir of Development 292127 0 591 0 0 0 29150 0 7570 0 329438 0 0 Jay Bounty CFO and Director of Operations Assistant Treasurer 240056 0 591 0 19092 0 18634 0 15398 0 293771 0 0 0 Steven Armstrong Asst Head of School 148347 0 584 0 552 0 15660 0 141930 0 307073 0 0 0 Jay Fritz Director of Major and Planned Gifts 138136 0 584 0 270 0 13049 0 54829 0 206868 0 0 0 Donald Bradley Faculty 133299 0 584 0 927 0 16854 0 55830 0 207494 0 0 0 Lauren Hamilton Faculty 119808 0 642 0 1092 0 13227 0 42800 0 177569 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 is an amount for 5% of the value of his house with utilities totaling $48,000, along with $3,278 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 0.023 0.018 0.041 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 8/9/2012 7,423,000 Massachusetts Development Finance Agency- The proceeds were used to advance refund a portion of the School's Series 2007 X 7014 Cost of flowers X 32 879458 FMV on date of gift X Technology 1 120869 Market Value of Technology X Change in Pledges 1 -742200 NPV of Pledges 0 1 0 Form 990, Part VI, Section A, Line 2 John Connors Jr. is the father of John Connors III. Both Individuals are trustees of the school 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 mees in executive session to consider compensation for the Head of School. Ths 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 officeers and key emplyees, 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 on request the 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 232075 4914618 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 1227411 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 1362595 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1333898 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774554 Belmont Hill School Inc 305 Prospect Street Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 811045471 Real Estate MA 0 881828 Belmont Hill School Inc Extension filed.