2025-02-19T09:44:55-07:00 2024-06-30 990 2023-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2025-02-19 1 2023 2025-03-06 01:10:19Z Jay Bounty 350 Prospect Street Belmont MA 02478 60028608 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 34 260 300 -299789 0 11957701 11241747 27549629 29903305 1574333 12164017 7119 149372 41088782 53458441 6356868 7667601 0 0 18611268 20209674 0 0 2755387 13630997 15229843 38599133 43107118 2489649 10351323 239891189 269529738 41089402 45327363 198801787 224202375 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 31928441 7597201 40246015 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. 525370 70400 763110 Educational institutions and related activities: Educated 830 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school or summer camp. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. 0 0 0 32453811 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 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 1 120 0 1 260 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 50 0 X X 628111 0 303635 Beverly Couglin Director of Development 50 0 X 387159 0 53090 Jay Bounty Assistant Treasurer CFO and Director of Operations 50 0 X 349154 0 59239 Michael Grant Assistant Head of School 50 0 X 186315 0 155840 Steve Carr Director of Admissions & Enrollment 50 0 X 148411 0 117529 Jay Fritz Director of Major and Planned Gifts 50 0 X 189443 0 64233 Donald Bradley Head of Upper School 50 0 X 193834 0 37159 Lauren Hamilton Director of Middle School 50 0 X 178878 0 20250 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 Sam Bartlett Trustee 1 0 X 0 0 0 Florence Bourgeois Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 John Conners Trustee 1 0 X 0 0 0 Gretchen Cook-Anderson Trustee 1 0 X 0 0 0 Warren Cross Jr Trustee 1 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Groom Dinkneh 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 Jean Egan Trustee 1 0 X 0 0 0 Daniel S Farb Trustee 1 0 X 0 0 0 William Forde Trustee 1 0 X 0 0 0 John Grady Jr Trustee 1 0 X 0 0 0 Christopher Hadley Trustee 1.00 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jacqueline Hendrix Trustee 1 0 X 0 0 0 Jason Hurd 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 George Lynch Trustee 1 0 X 0 0 0 Emmet Lyne Trustee 1 0 X 0 0 0 Todd MacLean Trustee 1 0 X 0 0 0 Amy Madden Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Gregory Paul Trustee 1 0 X 0 0 0 Sarah Pelmas Trustee 1 0 X 0 0 0 Taggart Romney Trustee 1 0 X 0 0 0 Jill Shah Trustee 1 0 X 0 0 0 Brian Shortsleeve Trustee 1 0 X 0 0 0 Herbert Wagner Trustee 1 0 X 0 0 0 2261305 0 810975 40 0 1 0 Compass Group USA FLIK PO Box 417632 Boston MA 02241 Food Services 1241189 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 1097327 Bedford Charter Services 11 Railroad Avenue Boston MA 01730 Transportation Services 773616 Compass Facility Services 65 Jackman Street Georgetown MA 01833 Custodial Services 641120 FE French Construction 40 Brighton Street Belmont MA 02478 Construction Services 508029 11 0 0 254615 0 0 10987132 628896 11241747 Tuition and Fees 900099 29103390 29103390 0 0 Summer Programs 900099 763110 763110 0 0 Student Activities 900099 36805 36805 0 0 0 0 0 0 29903305 1728086 0 -105217 1833303 0 0 0 0 0 0 0 0 379975 0 919823 0 -539848 0 -539848 0 -213903 -325945 15758224 35600 5357893 0 10400331 35600 10435931 10400331 35600 0 32200 254615 48469 -16269 -16269 0 0 0 0 0 0 0 202142 243982 -41840 -41840 0 0 School BusTransportation 900099 495347 495347 0 0 Program and Parent Alumni 900099 200 200 0 0 Insurance Dividends 900099 38716 38716 0 0 213066 213066 0 0 747329 53458441 41009125 -299789 1507358 0 0 7667601 7667601 0 0 0 0 1461549 0 1034790 426759 0 0 0 0 13034742 9559801 2759691 715250 1101652 853273 189897 58482 3584394 2379979 930049 274366 1027337 683562 265463 78312 0 0 0 0 87622 0 87622 0 92500 0 92500 0 0 0 0 0 0 0 167330 167330 0 0 1429563 1119447 278015 32101 71353 21444 49909 0 1504574 966981 250084 287509 687160 263843 328148 95169 0 0 0 2596645 2572453 24192 0 352849 278240 50238 24371 211222 73283 134066 3873 939168 939168 0 0 0 0 0 0 2564290 2564290 0 0 504854 80031 424823 Student Food Services 1630968 1630968 0 0 Entertainment 913062 165695 157064 590303 Printing 356765 84123 166289 106353 Postage and Membership 206854 82356 97609 26889 913064 299943 577471 35650 43107118 32453811 7897920 2755387 1000 1000 27080529 22502394 7594267 7159402 235663 748027 0 0 0 0 0 0 0 0 1141283 1212295 113800546 46630152 58282075 67170394 24318464 38052365 121057922 132503875 0 0 0 0 179986 179986 239891189 269529738 1531967 4734340 3197155 4222681 36360280 36370342 0 0 0 0 0 0 41089402 45327363 X 167712657 189859605 31089130 34342770 198801787 224202375 239891189 269529738 X 10351323 15135346 0 0 0 -86081 X 0 1 X 1 0 X 9263335 11578059 12286440 11957701 11241747 56327282 24671625 25505594 26854298 28291885 30852776 136176178 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33934960 37083653 39140738 40249586 42094523 192503460 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 192503460 423200 384405 199569 891011 1728086 3626271 -302203 -442664 60724 -197853 -319120 -1201116 120997 -58259 260293 693158 1408966 2425155 0 0 0 0 0 0 0 0 0 0 0 0 34055957 37025394 39401031 40942744 43503489 194928615 0.98756 0.99170 0.01244 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147252572 7486265 26040635 0 9091723 0 171687749 133310912 4993604 21371144 0 12423088 0 147252572 162560539 2486390 -26179562 0 5556455 0 133310912 126814721 2675250 38585956 0 5515388 0 162560539 131766070 1406451 2210050 0 8567850 0 126814721 0.847 0.121 0.032 0 0 9792841 0 9792841 77210557 0 32984977 44225580 8615625 0 5120799 3494826 6752395 0 5975846 776549 11429128 0 2548530 8880598 67170394 0 F 0 F Limited Partnership and Alternative Investments 132382675 F Real Estate 121200 F 132503875 0 0 X 61885049 15135346 0 0 1126193 16261539 45623510 167330 7667601 7834931 53458441 36484461 0 0 0 1212274 1212274 35272187 167330 7667601 7834931 43107118 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 X, Line 2 The School accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The School has identified its tax status as a tax-exempt entity as a tax position; however, the School has determined that such tax position does not result in an uncertainty requiring recognition. The School is not currently under examination by any taxing jurisdiction. The School's Federal and state tax returns are generally open for examination for three years following the date filed. Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 48,469, Cost of goods sold $ 243,982, Rental expenses $ 919,823 and the Change in the Value of Split Interest Agreements ($86,081). Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 7,667,601. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $48,469, Cost of goods sold $243,982, Rental expenses $919,823. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $7,667,601. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Belmont Hill School publishes its racially non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Sawyer Golf Tournament 254615 222415 32200 0 0 2500 27835 0 18134 0 0 254615 222415 32200 0 0 2500 27835 0 18134 48469 -16269 1 Financial Aid for the school year. 142 7597201 0 Determined by need Tuition aid and discounts for Summer Program recipients. 303 70400 0 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" then 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 435796 0 98415 0 93900 0 26400 0 277235 0 931746 0 0 0 Beverly Couglin Director of Development 385744 0 1415 0 0 0 39600 0 13490 0 440249 0 0 0 Jay Bounty Assistant Treasurer CFO and Director of Operations 324159 0 1415 0 23580 0 33000 0 26239 0 408393 0 0 0 Donald Bradley Head of Upper School 181414 0 1398 0 11022 0 22260 0 14899 0 230993 0 0 0 Jay Fritz Director of Major and Planned Gifts 187745 0 1398 0 300 0 23748 0 40485 0 253676 0 0 0 Michael Grant Assistant Head of School 184918 0 0 0 1397 0 23400 0 132440 0 342155 0 0 0 Lauren Hamilton Director of Middle School 168750 0 1398 0 8730 0 20250 0 0 0 199128 0 0 0 Steve Carr Director of Admissions & Enrollment 146873 0 1538 0 0 0 15700 0 101829 0 265940 0 0 0 Schedule J, Part I, Line 1a Gregory J. Schneider is required to stay on campus to perform his duties as Head of School. Included in Gregory J. Schneider's column D for 2023 is the rental value of his house plus utilities totaling $120,000 along with $22,500 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 000000000 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 B Massachesetts Development Finance Agency 043431814 000000000 2017-10-02 29132000 Refund of Series A 2012 taxable bonds 0 0 0 A 0 0 7423000 0 0 0 42858 0 0 0 0 0 0 1 1 1 B 0 0 29132000 0 0 0 186677 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.0267 0.0162 0.0429 0 0 1 B 0 0 0 0 0.0267 0.0162 0.0429 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 bonds. By verification report dated August 9, 2012 issued by Causey Demkin & Moore P.C., the yield on the Series 2012B bonds is in excess of the yield of the U.S. Treasury Securities held in escrow to pay the department service requirement of the Series 2007 bonds. Accordingly, the Series 2012B bond is not an "arbitrage bond" under Section 148 of the Internal Revenue Code of 1986, as amended. Schedule K, Part IV, Line 2c-10/02/2017 29,132,000 Massachesetts Development Finance Agency Rebate computation not performed because bond issue qualified for 6 month exception to rebate under Section 148(f)(4)(B) of the Internal Revenue Service Code of 1986, as amended. X 28 891098 FMV on date of gift X Changes in Pledges 1 -348284 NPV of Pledges 0 1 0 Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review the form 990 online prior to filing. Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the Assistant Treasurer/CFO and Director of Operations, and key employees, namely the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public on request to 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 changes 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 96000 171502 Belmont Hill School Inc 31 Marsh Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 001541208 Real Estate MA 0 2224370 Belmont Hill School Inc 130 Marsh Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 Real Estate MA 0 3161720 Belmont Hill School Inc An extension was filed.