GROTON SCHOOL: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GROTON SCHOOL (EIN 04-2104265)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-02-09
- IRS object ID
- 201500409349301120
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-02-09T15:19:14-07:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104265 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GROTON SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GROT | BusinessNameControlTxt |
| Phone | 9784483363 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 01450 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J Hale Smith | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 9784487566 | PhoneNum |
| Signature | 2015-02-09 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | J Hale Smith | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1632 Canton Avenue | AddressLine1 |
| City | Milton | City |
| State | MA | State |
| ZIP Code | 02186 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $68,815,200 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.groton.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1884 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Groton School provides college and university preparatory education for students in grades eight to twelve. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 230 | TotalEmployeeCnt |
| Total Volunteers | 681 | TotalVolunteersCnt |
| Total Gross UBI | -$101,926 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $20,229,460 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,068,421 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,118,886 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,659,041 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,716,096 | PYInvestmentIncomeAmt |
| CY Investment Income | $26,427,041 | CYInvestmentIncomeAmt |
| PY Other Revenue | $357,815 | PYOtherRevenueAmt |
| CY Other Revenue | $435,063 | CYOtherRevenueAmt |
| PY Total Revenue | $55,422,257 | PYTotalRevenueAmt |
| CY Total Revenue | $56,589,566 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,640,955 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,979,862 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,221,838 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,286,092 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,868,848 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,114,295 | PYOtherExpensesAmt |
| CY Other Expenses | $17,247,228 | CYOtherExpensesAmt |
| PY Total Expenses | $37,977,088 | PYTotalExpensesAmt |
| CY Total Expenses | $40,513,182 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,445,169 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,076,384 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $440,108,102 | TotalAssetsBOYAmt |
| Total Assets EOY | $491,179,040 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $71,005,228 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $82,859,840 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $369,102,874 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $408,319,200 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Groton School is dedicated to educating promising students in a diverse and intimate community that fosters intellectual, moral, and spiritual character and physical development in preparation for lifelong learning, leadership, and service to others. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $31,544,994 | ExpenseAmt |
| Grant | $5,979,862 | GrantAmt |
| Revenue | $19,659,041 | RevenueAmt |
| Desc | Education of students in grades eight through twelve in a non-profit, co-educational college preparatory boarding school. The School provides aid assistance for 38% of its students in the form of tuition grants, housing support, travel assistance, and subsidies for books, supplies, and laptop purchases (370 students). | Desc |
| Total Other Prog Srvc Expense | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $31,544,994 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 220 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 230 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | 0 | Form8899Filedind |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J Hale Smith | PersonNm |
| Phone | 9784487566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 014500991 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| David Altshuler | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Charles A Anton | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Auguste J Bannard | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Caroline C Banwell | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| James A Bundy | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Diana V Chigas | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Franz F Colloredo Mansfeld | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Peter C Erichsen | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| William B Gray | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Grant A Gund | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Stephen G Hill | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth C Irving | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| John R S Jacobsson | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Thomas Kalaris | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Alexander Robert Krapf | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Andrew S Paul | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Benjamin N Pyne | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Jennifer Ayer Sandell | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| James H R Windels | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Ann Bakewell Woodward | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Richard G Woolworth Jr | |||||||||
| Board Member | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| James H Higgins III | |||||||||
| President | 12 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Jonathan D Klein | |||||||||
| Vice President | 4 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| D D Willard Gardiner Jr | |||||||||
| Treasurer | 4 | 0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Dr Lori D Hill | |||||||||
| Secretary | 4 | 0 | Yes (X) | $0 | $0 | $0 | |||
| Richard B Commons | |||||||||
| Headmaster | 60 | 0 | $271,624 | $0 | $51,924 | Yes (X) | |||
| Temba Maqubela | |||||||||
| Headmaster | 60 | 0 | Yes (X) | $204,159 | $0 | $86,845 | Yes (X) | ||
| J Hale Smith | |||||||||
| C.F.O. | 60 | 0 | $246,328 | $0 | $59,390 | Yes (X) | |||
| John MacEachern | |||||||||
| Director of Development | 50 | 0 | $206,581 | $0 | $137,373 | Yes (X) | |||
| Ian Gracey | |||||||||
| Director of Admissions | 50 | 0 | $128,454 | $0 | $138,305 | Yes (X) | |||
| Katherine Bradley | |||||||||
| Assistant Headmaster | 50 | 0 | $137,416 | $0 | $71,035 | Yes (X) | |||
| Craig Gemmell | |||||||||
| Director of College Counseling | 45 | 0 | $136,837 | $0 | $71,533 | Yes (X) | |||
| John Amirault | |||||||||
| Director of IT | 45 | 0 | $114,793 | $0 | $30,657 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,446,192 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $647,062 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Shepley Bulfinch Richardson & Abbott | |||||
| 2 Seaport Lane | Boston | MA | 02210 | Architect | $2,241,469 |
| Shawmut Design & Construction | |||||
| 560 Harrison Avenue | Boston | MA | 02118 | Construction | $1,681,945 |
| Chartwells | |||||
| 2400 Yorkmont Road | Charlotte | NC | 28217 | Food Service | $1,342,294 |
| Mahan Slate Roofing Company | |||||
| 32 Verge | Springfield | MA | 01129 | Construction | $411,134 |
| CleanRoom Services Inc | |||||
| 328 Forest Avenue | Brockton | MA | 02301 | Custodial Services | $343,024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $0 | GovernmentGrantsAmt |
| All Other Contributions | $10,068,421 | AllOtherContributionsAmt |
| Noncash Contributions | $1,820,553 | NoncashContributionsAmt |
| Total Contributions | $10,068,421 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition | 611600 | $19,133,930 | $19,133,930 | $0 | $0 |
| Technology support fee | 611710 | $222,000 | $222,000 | $0 | $0 |
| Health center fee | 611710 | $121,200 | $121,200 | $0 | $0 |
| Application fees | 611710 | $75,425 | $75,425 | $0 | $0 |
| Tuition refund fee | 611710 | $60,013 | $60,013 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,473 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,473 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,659,041 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,767,427 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$107,235 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,874,662 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,947 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,947 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $412,283 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $23,204 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $389,079 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $389,079 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $5,309 | UnrelatedBusinessRevenueAmt |
| Exclusion | $383,770 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,795,132 | SecuritiesAmt |
| Other | $1,500 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,143,383 | SecuritiesAmt |
| Other | $582 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,651,749 | SecuritiesAmt |
| Other | $918 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,652,667 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,652,667 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $104,449 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $58,465 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,984 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $45,984 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,589,566 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,659,041 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$101,926 | UnrelatedBusinessRevenueAmt |
| Exclusion | $26,964,030 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,730 | TotalAmt |
| Program Services | $126,730 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,853,132 | TotalAmt |
| Program Services | $5,853,132 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $920,270 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $920,270 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,128,948 | TotalAmt |
| Program Services | $7,823,685 | ProgramServicesAmt |
| Management And General | $2,268,519 | ManagementAndGeneralAmt |
| Fundraising | $1,036,744 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,704,800 | TotalAmt |
| Program Services | $1,056,923 | ProgramServicesAmt |
| Management And General | $486,932 | ManagementAndGeneralAmt |
| Fundraising | $160,945 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,772,003 | TotalAmt |
| Program Services | $1,178,845 | ProgramServicesAmt |
| Management And General | $1,447,513 | ManagementAndGeneralAmt |
| Fundraising | $145,645 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $760,071 | TotalAmt |
| Program Services | $471,220 | ProgramServicesAmt |
| Management And General | $217,095 | ManagementAndGeneralAmt |
| Fundraising | $71,756 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,335 | TotalAmt |
| Program Services | $7,366 | ProgramServicesAmt |
| Management And General | $55,969 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,514 | TotalAmt |
| Program Services | $10,413 | ProgramServicesAmt |
| Management And General | $91,101 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,436,880 | TotalAmt |
| Program Services | $1,436,880 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $715,125 | TotalAmt |
| Program Services | $392,949 | ProgramServicesAmt |
| Management And General | $292,753 | ManagementAndGeneralAmt |
| Fundraising | $29,423 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,656 | TotalAmt |
| Program Services | $68,074 | ProgramServicesAmt |
| Management And General | $163,323 | ManagementAndGeneralAmt |
| Fundraising | $79,259 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,375 | TotalAmt |
| Program Services | $66,707 | ProgramServicesAmt |
| Management And General | $79,482 | ManagementAndGeneralAmt |
| Fundraising | $36,186 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,753 | TotalAmt |
| Program Services | $100,534 | ProgramServicesAmt |
| Management And General | $278,582 | ManagementAndGeneralAmt |
| Fundraising | $26,637 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,916,296 | TotalAmt |
| Program Services | $2,896,104 | ProgramServicesAmt |
| Management And General | $18,563 | ManagementAndGeneralAmt |
| Fundraising | $1,629 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $303,060 | TotalAmt |
| Program Services | $72,184 | ProgramServicesAmt |
| Management And General | $162,615 | ManagementAndGeneralAmt |
| Fundraising | $68,261 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,998 | TotalAmt |
| Program Services | $12,064 | ProgramServicesAmt |
| Management And General | $18,203 | ManagementAndGeneralAmt |
| Fundraising | $6,731 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,927,666 | TotalAmt |
| Program Services | $2,927,666 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,876,913 | TotalAmt |
| Program Services | $5,666,096 | ProgramServicesAmt |
| Management And General | $209,036 | ManagementAndGeneralAmt |
| Fundraising | $1,781 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $360,011 | TotalAmt |
| Program Services | $94,180 | ProgramServicesAmt |
| Management And General | $256,781 | ManagementAndGeneralAmt |
| Fundraising | $9,050 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food | $831,738 | $695,000 | $43,797 | $92,941 |
| Special Events | $402,237 | $288,842 | $49,861 | $63,534 |
| General Merchandise & Equipment | $287,603 | $280,060 | $3,989 | $3,554 |
| Other Regulatory & Miscellaneous | $153,595 | $23,222 | $98,118 | $32,255 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$64,527 | TotalAmt |
| Program Services | -$3,882 | ProgramServicesAmt |
| Management And General | -$63,162 | ManagementAndGeneralAmt |
| Fundraising | $2,517 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,513,182 | TotalAmt |
| Program Services | $31,544,994 | ProgramServicesAmt |
| Management And General | $7,099,340 | ManagementAndGeneralAmt |
| Fundraising | $1,868,848 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,887 | BOYAmt |
| EOY | $16,008 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $487,454 | BOYAmt |
| EOY | $882,796 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,433,296 | BOYAmt |
| EOY | $10,509,575 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,598 | BOYAmt |
| EOY | $449,809 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,304 | BOYAmt |
| EOY | $69,570 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,563 | BOYAmt |
| EOY | $266,512 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $927,353 | BOYAmt |
| EOY | $1,012,068 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $182,098,154 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $82,924,474 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,227,835 | BOYAmt |
| EOY | $99,173,680 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,772,112 | BOYAmt |
| EOY | $236,066,340 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,430,711 | BOYAmt |
| EOY | $133,897,504 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,797 | BOYAmt |
| EOY | $15,797 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,218,013 | BOYAmt |
| EOY | $7,218,013 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179 | BOYAmt |
| EOY | $1,601,368 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,108,102 | BOYAmt |
| EOY | $491,179,040 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,937,138 | BOYAmt |
| EOY | $11,367,637 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,139,318 | BOYAmt |
| EOY | $1,992,836 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,640,000 | BOYAmt |
| EOY | $58,902,500 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,288,772 | BOYAmt |
| EOY | $10,596,867 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,005,228 | BOYAmt |
| EOY | $82,859,840 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,457,655 | BOYAmt |
| EOY | $233,681,086 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,279,253 | BOYAmt |
| EOY | $105,595,233 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,365,966 | BOYAmt |
| EOY | $69,042,881 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,102,874 | BOYAmt |
| EOY | $408,319,200 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,108,102 | BOYAmt |
| EOY | $491,179,040 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $16,076,384 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $22,734,652 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $405,290 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $0 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $0 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | Groton School is a member of a number of associations such as the National Association of Independent Schools, New England Association of Schools and Colleges, and the Association of Independent Schools in New England, which may use a portion of membership dues to lobby on behalf of members. The portion of dues and fees allocated to lobbying activities is not determinable. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $313,592,181 | BeginningYearBalanceAmt |
| Contributions | $2,553,487 | ContributionsAmt |
| Investment Earnings Or Losses | $46,100,003 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,797,139 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,114,213 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $352,334,319 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $295,580,171 | BeginningYearBalanceAmt |
| Contributions | $5,384,256 | ContributionsAmt |
| Investment Earnings Or Losses | $26,464,968 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,708,118 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,129,096 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $313,592,181 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $306,053,479 | BeginningYearBalanceAmt |
| Contributions | $3,001,319 | ContributionsAmt |
| Investment Earnings Or Losses | -$374,150 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,441,835 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,658,642 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $295,580,171 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $265,642,371 | BeginningYearBalanceAmt |
| Contributions | $3,553,974 | ContributionsAmt |
| Investment Earnings Or Losses | $47,594,562 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,922,392 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,815,036 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $306,053,479 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $242,484,014 | BeginningYearBalanceAmt |
| Contributions | $5,320,500 | ContributionsAmt |
| Investment Earnings Or Losses | $27,343,554 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,755,423 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,750,274 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $265,642,371 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.58 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.18 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,921,691 | OtherCostOrOtherBasisAmt |
| Book Value | $3,921,691 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $159,146,574 | OtherCostOrOtherBasisAmt |
| Depreciation | $68,758,754 | DepreciationAmt |
| Book Value | $90,387,820 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $11,305,040 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,552,922 | DepreciationAmt |
| Book Value | $2,752,118 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $7,724,849 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,612,798 | DepreciationAmt |
| Book Value | $2,112,051 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $99,173,680 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Valuation | F | MethodValuationCd |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Hedge Funds | $75,856,504 | F |
| Venture Capital Funds | $22,401,672 | F |
| US Bond Funds | $14,090,851 | F |
| Real Asset Funds | $12,771,827 | F |
| Private Equity Funds | $8,776,650 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $133,897,504 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Interest Rate Swap Agreements | $8,242,792 |
| Charitable Remainder Unitrusts | $1,821,192 |
| Charitable Gift Annuity | $532,883 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,596,867 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $72,552,638 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $22,734,652 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | -$5,133,000 | OtherRevenueAmt |
| Revenue Not Reported | $17,601,652 | RevenueNotReportedAmt |
| Revenue Subtotal | $54,950,986 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,720,250 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$81,670 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,638,580 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $56,589,566 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $33,336,312 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $81,670 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $81,670 | ExpensesNotReportedAmt |
| Expenses Subtotal | $33,254,642 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,720,250 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $5,538,290 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $7,258,540 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $40,513,182 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | To support the educational mission of the School. |
| Schedule D, Part X, Line 2 | The School follows FASB ASC 740, Income Taxes, which clarifies the accounting for uncertain income tax positions by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The School recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the School's tax positions and concluded that the School had no material uncertain income tax positions as of June 30, 2014 or 2013. The School is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for fiscal years before 2011. The School will account for interest an penalties related to uncertain tax positions, if any, as part of tax expense. |
| Schedule D, Part XI, Line 2d | Unrealized gain from interest rate swap agreements $60,406, defined benefit plan $222,939, change in value split interest agreements $282,243, financial aid ($5,538,290), and recovery provision for uncollectible pledges ($160,298). |
| Schedule D, Part XI, Line 4b | Rental expenses of ($23,204) are associated with unrelated business income and cost of goods sold ($58,466) at the School store. |
| Schedule D, Part XII, Line 2d | Rental expenses of $23,204 associated with unrelated business income and cost of goods sold $58,466 at the School store. |
| Schedule D, Part XII, Line 4b | Financial aid of $5,538,290. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | The School's application, which can be mailed upon request or accessed through the School's website at www.groton.org, clearly stipulates that Groton does not discriminate on the basis of gender, race, color, disability, religion, sexual orientation, or national origin in the administration of the School's admission policies and financial programs. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Sub-Saharan Africa | 0 | 0 | Program Services | Meetings with potential students from November 11, 2013 to November 15, 2013 in Botswana and South Africa. | $706 |
| East Asia and the Pacific | 0 | 0 | Program Services | Meetings with potential students from November 15, 2013 to November 18, 2013 in Hong Kong and Beijing. | $2,711 |
| South Asia | 0 | 0 | Program Services | The School sponsored a global education trip to Bali from August 3, 2013 to August 25, 2013 involving 1 student. | $7,586 |
| Sub-Saharan Africa | 0 | 0 | Program Services | The School sponsored a global education trip to Tanzania from June 20, 2013 to July 8, 2013 involving 17 students. | $20,994 |
| Sub-Saharan Africa | 0 | 0 | Program Services | The School sponsored a global education trip to Kenya from July 8, 2013 to August 28, 2013 involving 9 students. | $21,222 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | The School sponsored a global education trip to Rome from March 9, 2014 to March 20, 2014 involving 17 students. | $21,351 |
| East Asia and the Pacific | 0 | 0 | Fundraising | Receptions held from March 13 to March 24 in Seoul, Hong Kong, and Shanghai. | $26,253 |
| South America | 0 | 0 | Program Services | The School sponsored a global education trip to Peru from July 28, 2013 to August 18, 2013 involving 14 students. | $37,263 |
| Central America and the Caribbean | 0 | 0 | Investments | $53,978,820 | |
| Europe (including Iceland and Greenland) | 0 | 0 | Investments | $111,924,951 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Spent | $166,041,857 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Town of Groton | ||||||||
| 173 Main Street | Groton | MA | 01450 | 046001164 | Government Entity | $100,000 | $0 | The contribution was made to help the Town of Groton subsidize their annual operating costs. |
| Town of Groton | ||||||||
| 173 Main Street | Groton | MA | 01450 | 046001164 | Government Entity | $25,000 | $0 | This contribution was made to help the Town of Groton purchase gym equipment for the newly constructed fire station. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Tuition Grant | 140 | $0 | $5,538,290 | Total credits applied to tuition | Credits are applied to the tuition bill as a means of subsidizing the overall tuition costs to qualified students attending Groton School |
| Travel Grant | 78 | $134,013 | $0 | Travel grants that are applied to annual billing | |
| Incidental Grant | 60 | $114,837 | $0 | Credits are applied to monthly bill | |
| Laptop Grant | 38 | $51,278 | Payments made to purchase laptops for qualified students | ||
| Parent Travel Grant | 35 | $14,714 | $0 | Payments made to travel agents for air travel and lodging |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | The School works directly with town officials and local charitable organizations to assess future needs and the use of current and past monetary grants. The School also makes several other small donations throughout the year based on charitable purpose, historical relationship, and current needs. These one time contributions are not typically monitored by the CFO or the Headmaster. Financial aid grants are awarded annually to qualified students and are applied as credits to the tuition bill up to the amount of the grant for the current academic year. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Payments For Use Of Residence | Yes (X) | PaymentsForUseOfResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard B Commons | ||||||||||||||
| Headmaster | $191,682 | $0 | $0 | $0 | $79,942 | $0 | $18,531 | $0 | $33,393 | $0 | $323,548 | $0 | $75,907 | $0 |
| Temba Maqubela | ||||||||||||||
| Headmaster | $163,597 | $0 | $40,000 | $0 | $562 | $0 | $49,856 | $0 | $36,989 | $0 | $291,004 | $0 | $0 | $0 |
| J Hale Smith | ||||||||||||||
| C.F.O. | $225,257 | $0 | $0 | $0 | $21,071 | $0 | $43,342 | $0 | $16,048 | $0 | $305,718 | $0 | $0 | $0 |
| John MacEachern | ||||||||||||||
| Director of Development | $206,581 | $0 | $0 | $0 | $0 | $0 | $40,971 | $0 | $96,402 | $0 | $343,954 | $0 | $0 | $0 |
| Ian Gracey | ||||||||||||||
| Director of Admissions | $128,454 | $0 | $0 | $0 | $0 | $0 | $20,416 | $0 | $117,889 | $0 | $266,759 | $0 | $0 | $0 |
| Katherine Bradley | ||||||||||||||
| Assistant Headmaster | $128,593 | $0 | $0 | $0 | $8,823 | $0 | $21,242 | $0 | $49,793 | $0 | $208,451 | $0 | $0 | $0 |
| Craig Gemmell | ||||||||||||||
| Director of College Counseling | $136,837 | $0 | $0 | $0 | $0 | $0 | $21,359 | $0 | $50,174 | $0 | $208,370 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | Faculty are required to live in on-campus housing as a condition of employment. The Headmaster's home includes some space that is reserved for School related meetings and student activities. The cost of maintaining this allotted space is paid by the School and recorded as an operating expense. The Headmaster's contract, which is approved by the President and the Compensation Committee, includes the cost residential cleaning, and in the case of the former Headmaster, the cost of a golf club. These costs are recorded by the School as taxable benefits and reported on the W-2. The School will only pay for the cost of a traveling spouse when they are an authorized participant in School related functions. In such a case, the cost is treated as a non-taxable work related event. |
| Schedule J, Part I, Line 4 | The former Headmaster's contract, which was approved by the Board President and the Compensation Committee, included periodic contributions to a non-qualified 457(f) plan. $35,429 was disbursed from the plan to satisfy the tax obligations on an $75,907 vested benefit. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Massachusetts Development Finance Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2013-10-17 | BondIssuedDt |
| Issue Price | $75,000,000 | IssuePriceAmt |
| Purpose | Building renovations & refinancing existing debt | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,097,500 | RetiredAmt |
| Bond Defeased | $0 | BondDefeasedAmt |
| Total Proceeds | $75,000,000 | TotalProceedsAmt |
| In Reserve Fund | $0 | InReserveFundAmt |
| Capitalized Interest | $150,131 | CapitalizedInterestAmt |
| Refunding Escrow | $48,640,000 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $474,250 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $0 | CreditEnhancementAmt |
| Working Capital Expenditures | $0 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $10,885,750 | CapitalExpendituresAmt |
| Other Spent Proceeds | $0 | OtherSpentProceedsAmt |
| Unspent | $15,000,000 | UnspentAmt |
| Substantial Completion | 2016 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Morgan Stanley Capital Services | BusinessNameLine1 |
| Business Name Line2 | Bank of New York Mellon | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part IV, Line 4b-10/17/2013 75,000,000 Massachusetts Development Finance Agency | FormAndLineReferenceDesc |
| Explanation | The Bank of New York Mellon Swap 15 Years, The Bank of New York Mellon Swap 38 Years, and Morgan Stanley Capital Services Swap 30 Years. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Vuyelwa M Maqubela | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Headmaster's Wife | RelationshipDescriptionTxt |
| Transaction | $57,000 | TransactionAmt |
| Transaction | English Teacher | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 143 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,820,553 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 9 | FormAndLineReferenceDesc |
| Explanation | The number of security contributions is based on the number of gifts received and not the number of shares received. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | A draft of the public disclosure version of the Form 990 was distributed electronically to each member of the Audit Committee. The Chair of the Audit Committee performed a thorough review of the draft, asked questions and suggested several revisions. The draft was also posted to a secure electronic portal, accessible by the full Board, prior to filing. |
| Form 990, Part VI, Section B, Line 12c | All School officers, Key Employees, and members of the Board of Trustees are required annually to read the conflict of interest policy and sign the document. This signature indicates an understanding of the guidelines and an assurance to the Board that they are in compliance with the policy. Any potential conflict must be disclosed and reviewed by the President of the Board to determine if further action is required. |
| Form 990, Part VI, Section B, Line 15 | An employment contract between the Headmaster and the School is updated periodically and renewed annually. Each year, the President of the Board and the Compensation Committee review the Headmaster's and other senior administrators' salaries and benefits. The salary survey provided by the Association of Business Officers of Preparatory Schools is used as a guide and a point of comparison. The annual salary and benefit offerings for the Chief Financial Officer are made by the Headmaster. All salaries and benefit offerings for the remaining School employees are updated annually and approved by the Chief Financial Officer or the Headmaster up to the aggregate salary increase approved by the Board of Trustees. |
| Form 990, Part VI, Section C, Line 19 | The Form 990 can be viewed on-line by going to guidestar.org, an independently operated website. Both the Form 990 and the financial statements can also be found on the Massachusetts Attorney General Website. The Conflict of Interest Policy and the Governing Documents may be viewed any time upon request for the same period of disclosure as set forth in section 6104(d). |
| Form 990, Part XI, Line 9 | Interest rate swap agreements $60,406, split interest agreements $282,243, change in accrued pension liability $222,939, and recovery provision for uncollectible pledges (160,298). |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| Charitable Remainder Trust (5) | ||||||||
| PO Box 991 | Groton | MA | 01450 | Charitable Trust | MA | Groton School | T | Yes (1) |
| Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | Yes (1) |
| Growth Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The form 8868, an application for Extension of Time to File an Exempt Organization Return, was filed on November 14, 2014. This extension provides the School's Board of Trustees the time necessary to complete a thorough review of the return. | ExplanationTxt |