2017-05-11T13:12:56-05:00 2016-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2015-07-01 042130844 BROOKS SCHOOL BROO 9787256300 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 9787256300 2017-05-04 1 JOSEPH M GISO CPA MST P00030126 6177610600 2017-05-04 2015 2021-01-29 14:40:06Z JOHN PACKARD 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 42832553 0 X WWW.BROOKSSCHOOL.ORG X 1926 MA BROOKS SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT SEEKS TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES. 24 23 400 480 81420 39547 11549674 10939841 21731071 21653080 3012910 4183454 76911 75197 36370566 36851572 4382183 4770890 0 0 13172057 13655937 0 0 2159165 10613769 10952668 28168009 29379495 8202557 7472077 158806958 160224534 41385873 42030998 117421085 118193536 X BROOKS SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT SEEKS TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES. 0 0 19429813 4770890 19189635 SECONDARY EDUCATION COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS WITH EDUCATIONAL AND AUXILIARY SCHOOL ACTIVITIES. 1313699 2008941 SUMMER SCHOOL PROGRAM EDUCATIONAL SUMMER CAMP FOR APPROXIMATELY 450 CAMPERS PER WEEK FOR EIGHT WEEKS, AGES FOUR TO TWELVE AND TWO ACADEMIC CAMPS FOR APPROXIMATELY 420 STUDENTS ENTERING GRADES THREE TO TWELVE. 193155 215678 EXTRACURRICULAR SPORTS PROGRAM SKATING RINK USED FOR INTERSCHOLASTIC COMPETITION AS PART OF THE SCHOOL ATHLETIC PROGRAM AS WELL AS FOR INSTRUCTIONAL PURPOSES. 133926 292458 OTHER PROGRAM SERVICES INCLUDE LIBRARY, SNACK BAR FOR STUDENTS, MUSIC LESSONS, CAMPUS STORE, AND MISCELLANEOUS SERVICES FOR STUDENTS. 133926 292458 21070593 1 1 0 0 0 0 0 0 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 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 122 0 1 400 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X PAUL GRIFFIN CFO 9787256300 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 WILLIAM N BOOTH PRESIDENT 5.00 X X 0 0 0 W J PATRICK CURLEY III VICE PRESIDENT 2.00 X X 0 0 0 PAUL L HALLINGBY VICE PRESIDENT 2.00 X X 0 0 0 DONALD R PECK TREASURER 3.00 X X 0 0 0 PAMELA W ALBRIGHT TRUSTEE 2.00 X 0 0 0 JOHN R BARKER TRUSTEE 2.00 X 0 0 0 KAMILAH M BRISCOE TRUSTEE 2.00 X 0 0 0 ANTHONY H EVERETS TRUSTEE 2.00 X 0 0 0 JON GIBBONS TRUSTEE 2.00 X 0 0 0 STEVEN R GORHAM TRUSTEE 2.00 X 0 0 0 VALENTINE HOLLINGSWORTH III TRUSTEE 2.00 X 0 0 0 ROBERT W HUGHES TRUSTEE 2.00 X 0 0 0 BOOTH D KYLE TRUSTEE 2.00 X 0 0 0 ZACHARY S MARTIN TRUSTEE 2.00 X 0 0 0 TIMOTHY H MCCOY TRUSTEE 2.00 X 0 0 0 DANIEL J RICCIO TRUSTEE 2.00 X 0 0 0 BELISARIO A ROSAS TRUSTEE 2.00 X 0 0 0 WHITNEY ROMOSER SAVIGNANO TRUSTEE 2.00 X 0 0 0 LYNNE A SAWYER TRUSTEE 2.00 X 0 0 0 LETITIA WIGHTMAN SCOTT TRUSTEE 2.00 X 0 0 0 RAMAKRISHNA R SUDIREDDY TRUSTEE 2.00 X 0 0 0 ISABELLA SPEAKMAN TIMON TRUSTEE 2.00 X 0 0 0 ALESSANDRO F UZIELLI TRUSTEE 2.00 X 0 0 0 JOHN R PACKARD JR HEAD OF SCHOOL 50.00 X X 268711 0 79100 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 50.00 X 172625 0 29778 JAMES HAMILTON ASSOCIATE HEAD OF EXTERNAL AFFAIRS 50.00 X 142981 0 62351 DEAN ELLERTON CHIEF OPERATING OFFICER 50.00 X 137275 0 31042 GAGE DOBBINS DIRECTOR OF DEVELOPMENT 50.00 X 127764 0 51344 LAWRENCE CALLAHAN DIRECTOR OF COMM. & MARKETING 50.00 X 114944 0 54957 JOHN HAILE DEAN OF FACULTY 50.00 X 105842 0 26089 1070142 0 334661 10 0 1 0 ANN BEHA ASSOCIATES 33 KINGSTON STREET BOSTON MA 02111 ARCHITECTURE 478594 PFG NORTHCENTER PO BOX 2628 AUGUSTA ME 04330 FOOD SERVICES 418010 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 BUILDING MAINTENANCE 212273 E&R LAUNDRY & DRY CLEANERS 565 GOLD STREET MANCHESTER NH 03103 LAUNDRY & DRY CLEANING 172200 GREENSCAPE LAND DESIGN 100 REVOLUTIONARY DR EAST TAUNTON MA 02718 LANDSCAPING 161931 12 10939841 488972 10939841 TUITION AND FEES 611110 19189635 19189635 AUXILIARY PROGRAMS 611110 2008941 2008941 RINK RENTAL 713940 211403 189838 21565 ATHLETICS FACILITIES 713940 25840 25840 217261 217261 21653080 953931 11645 942286 9053107 5823584 3229523 3229523 48210 3181313 232594 157397 75197 75197 36851572 21706712 81420 4123599 4770890 4770890 525894 525894 10230689 7322948 1862495 1045246 868006 583012 181965 103029 1257564 727927 420405 109232 773784 537107 163227 73450 151689 151689 101191 101191 477471 477471 413052 130766 148400 133886 48739 48739 761811 41166 479621 241024 397319 397319 1025509 912703 82041 30765 112366 17640 47113 47613 8653 8653 841730 749140 67338 25252 3298966 2936080 263917 98969 326582 326582 FOOD & DIETARY 667579 667579 REPAIRS & MAINTENANCE 529686 469702 44542 15442 ATHLETICS 219159 219159 STUDENT ACTIVITIES 117180 117180 1453986 818855 408527 226604 29379495 21070593 6149737 2159165 X 13243056 17254572 5801378 10488394 77544 78175 946 315 7170807 10654195 697167 897174 100154168 46900676 54754225 53253492 5518784 2374699 68438159 62679972 3104892 2543546 158806958 160224534 1504442 1885471 16308862 17235924 22081885 21591840 1490684 1317763 41385873 42030998 X 51930951 51791618 38955934 39065695 26534200 27336223 117421085 118193536 158806958 160224534 X 7472077 -6253726 -445900 X 0 1 X 1 0 X 7626898 5570838 3172440 11549674 10939841 38859691 17805269 18752617 19578986 21945031 21864109 99946012 25432167 24323455 22751426 33494705 32803950 138805703 0 0 0 138805703 117342 186553 401849 834280 923231 2463255 117342 186553 401849 834280 923231 2463255 104922 65420 46759 49869 52265 319235 25654431 24575428 23200034 34378854 33779446 141588193 0.98030 0.98470 0.01740 0.01240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74799439 1178352 -2364944 2684410 477471 70450966 74615928 633115 2520244 2477458 492390 74799439 66154053 556486 10969831 2595536 468906 74615928 60359567 539988 8405064 2460566 690000 66154053 64626812 1271090 -872218 3976117 690000 60359567 0.26160 0.36330 0.37510 0 0 832897 832897 69885435 34135153 35750282 18254759 4166284 14088475 9854532 8599239 1255293 1326545 1326545 53253492 INTERNATIONAL AND GLOBAL EQUITY 16771999 F DOMESTIC PRIVATE EQUITY 17484744 F INTERNATIONAL PRIVATE EQUITY 2815904 F GLOBAL HEDGE FUNDS 24097059 F REAL ESTATE FUNDS 1510266 F 62679972 SPLITS INTEREST AGREEMENT OBLIGATION 1140563 CAPITAL LEASE OBLIGATION- SOLAR PANEL 177200 1317763 X 25060982 -6253726 -445900 -6699626 31760608 477471 4613493 5090964 36851572 24288531 0 24288531 477471 4613493 5090964 29379495 PART V, LINE 4: THE INTENDED USE OF THE SCHOOL'S ENDOWMENT FUNDS ARE FOR EDUCATIONAL AND SPECIAL PROGRAMS, FINANCIAL AID, PLANT MAINTENANCE AND GENERAL PURPOSES. PART X, LINE 2: IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. HOWEVER, THE SCHOOL DOES INCUR FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE SCHOOL APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF JUNE 30, 2016, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS GENERALLY SUBJECT TO EXAMINATION BY TAXING JURISDICTIONS FOR THE PRIOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENT -445,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 4,770,890. COST OF GOODS SOLD -157,397. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 4,770,890. COST OF GOODS SOLD -157,397. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 BROOKS SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY AS A MEMBER SCHOOL OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE). BERMUDA 0 0 INVESTMENT 5084306 0 0 0 0 0 0 5084306 0 5084306 1 0 0 1 1 0 1 FINANCIAL AID AWARDS 116 4770890 PART I, LINE 2: FINANCIAL AID AWARDS ARE GRANTED TO QUALIFIED STUDENTS ON THE BASIS OF NEED AS DETERMINED BY THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) OF PRINCETON, NEW JERSEY X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN R PACKARD JR HEAD OF SCHOOL 268441 0 0 0 270 0 27408 0 51692 0 347811 0 0 0 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 172211 0 0 0 414 0 17625 0 12153 0 202403 0 0 0 JAMES HAMILTON ASSOCIATE HEAD OF EXTERNAL AFFAIRS 142801 0 0 0 180 0 15009 0 47342 0 205332 0 0 0 DEAN ELLERTON CHIEF OPERATING OFFICER 136861 0 0 0 414 0 14350 0 16692 0 168317 0 0 0 GAGE DOBBINS DIRECTOR OF DEVELOPMENT 127587 0 0 0 177 0 13171 0 38173 0 179108 0 0 0 LAWRENCE CALLAHAN DIRECTOR OF COMM. & MARKETING 114717 0 0 0 227 0 11784 0 43173 0 169901 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON-CAMPUS HOUSING FOR THE HEAD OF SCHOOL, ADMINISTRATIVE AND FACULTY MEMBERS. JOHN PACKARD, JR., $36,000 JAMES HAMILTON, $30,000 LAWRENCE CALLAHAN, $30,000 GAGE DOBBINS, $24,000 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2011-10-01 24115000 CONSTRUCTION AND RENOVATION OF BUILDING 0 0 0 A 2195063 24115000 388536 250000 23476464 1 0 1 1 A 0 0 1 0 0 0 0 0 1 A 1 JAMES HAMILTON COMPUTER COMPUTER LOAN X 1261 315 0 0 1 315 X 34 488972 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH ITEM. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 WITH THE EXCEPTION OF SCHEDULE B AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE DISCLOSURES ON SCHEDULE B ARE DISCUSSED WITH THE AUDIT COMMITTEE BY MANAGEMENT BUT THE FORM ITSELF IS NOT PROVIDED DUE TO THE SENSITIVITY OF DONORS' PERSONAL INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO THE SIGNED ANNUAL CONFLICT OF INTEREST POLICY, PRIOR TO THE START OF DISCUSSION OR NEGOTIATION OF FINANCIAL MATTERS, TRUSTEES AND EMPLOYEES ARE EXPECTED TO MAKE FULL DISCLOSURE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION. A TRUSTEE OR EMPLOYEE WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND DEPENDING ON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. THE BUSINESS OFFICE REGULARLY MONITORS ITS CONTRACTS AND CASH DISBURSEMENTS TO DETERMINE IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH ANY PERSON COVERED BY THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. OTHER KEY EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL, JOHN PACKARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS PUBLISHED ON THE GUIDESTAR WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. FORM 990, PART X, BALANCE SHEET: DURING 2016, THE SCHOOL RETROSPECTIVELY ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS UPDATE ("ASU") NO. 2015-03, INTEREST-IMPUTATION OF INTEREST (SUBTOPIC 835-30) - SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS, AND DEBT ISSUANCE COSTS ARE NOW PRESENTED AS A DEDUCTION OF BOND PAYABLE ON THE FINANCIAL STATEMENTS FOR EACH YEAR. ACCORDINGLY, BOND PAYABLE ORIGINALLY STATED AT $22,422,933 IN THE JUNE 30, 2015 FINANCIAL STATEMENTS HAS BEEN RESTATED TO $22,081,885 TO REFLECT $341,048 OF UNAMORTIZED ISSUANCE COSTS PREVIOUSLY REPORTED AS AN ASSET IN DEFERRED BOND ISSUANCE COSTS. ADDITIONALLY, DURING 2016, THE SCHOOL RETROSPECTIVELY ADOPTED FASB ASU NO. 2015-07, FAIR VALUE MEASUREMENT (TOPIC 820) - DISCLOSURES FOR INVESTMENTS IN CERTAIN ENTITIES THAT CALCULATE NET ASSET VALUE PER SHARE (OR ITS EQUIVALENT), AND INVESTMENTS VALUED AT NET ASSET VALUE (NAV) ARE NOW PRESENTED IN A SEPARATE COLUMN IN THE RELATED FOOTNOTE DISCLOSURE FOR 2016 AND 2015. IN ADDITION, CERTAIN AMOUNTS FROM THE PRIOR YEAR'S FINANCIAL STATEMENTS WERE RECLASSIFIED IN ORDER TO CONFORM TO THE CURRENT YEAR'S FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -445,900. CHARITABLE GIFT ANNUITIES (10) - PER IRS INSTRUCTIONS INVESTMENT MANAGEMENT MA N/A T 0 CHARITABLE UNITRUST (1) - PER IRS INSTRUCTIONS INVESTMENT MANAGEMENT MA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0