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GOVERNOR DUMMER ACADEMY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
GOVERNOR DUMMER ACADEMY (EIN 04-2103564)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-15
IRS object ID
201401359349306800
Schema version
2012v2.1
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-15T13:56:10-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN043121055EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KIRKLAND ALBRECHT & FREDRICKSON LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line110 FORBES ROAD WESTAddressLine1
CityBRAINTREECity
StateMAState
ZIP Code02184ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042103564EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GOVERNOR DUMMER ACADEMY THE GOVERNOR'S ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGOVENameControl
Phone9784651763Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 ELM STREETAddressLine1
CityBYFIELDCity
StateMAState
ZIP Code01922ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCHRISTOPHER V WEJCHERTName
TitleCHIEF FINANCIAL OFFICERTitle
Phone9784651763Phone
Date Signed2014-05-14DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL HINCHEYName
PTINP00451160PTIN
Phone7813562000Phone
Date Prepared2014-05-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

FieldValueIRS element (for citing)
Business Name Line1THE GOVERNOR'S ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Name Of Principal Officer PersonCHRISTOPHER V WEJCHERTNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11 ELM STREETAddressLine1
CityBYFIELDCity
StateMAState
ZIP Code01922ZIPCode
FieldValueIRS element (for citing)
Gross Receipts36306068GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.THEGOVERNORSACADEMY.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1763YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE LONGEST CONTINUING INDEPENDENT BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY.ActivityOrMissionDescription
Nbr Voting Members Governing Body29NbrVotingMembersGoverningBody
Nbr Independent Voting Members29NbrIndependentVotingMembers
Total Nbr Employees257TotalNbrEmployees
Total Nbr Volunteers500TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income-10240NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year7979035ContributionsGrantsPriorYear
Contributions Grants Current Year2693969ContributionsGrantsCurrentYear
Program Service Revenue Prior Year17055525ProgramServiceRevenuePriorYear
Program Service Revenue CY17695000ProgramServiceRevenueCY
Investment Income Prior Year8505537InvestmentIncomePriorYear
Investment Income Current Year10522062InvestmentIncomeCurrentYear
Other Revenue Prior Year629901OtherRevenuePriorYear
Other Revenue Current Year472447OtherRevenueCurrentYear
Total Revenue Prior Year34169998TotalRevenuePriorYear
Total Revenue Current Year31383478TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year3672379GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY3816966GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year10568631SalariesEtcPriorYear
Salaries Etc Current Year11318944SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year2491332TotalFundrsngExpCurrentYear
Other Expense Prior Year9825634OtherExpensePriorYear
Other Expenses Current Year10628769OtherExpensesCurrentYear
Total Expenses Prior Year24066644TotalExpensesPriorYear
Total Expenses Current Year25764679TotalExpensesCurrentYear
Revenues Less Expenses Prior Year10103354RevenuesLessExpensesPriorYear
Revenues Less Expenses CY5618799RevenuesLessExpensesCY
Total Assets BOY136063458TotalAssetsBOY
Total Assets EOY139178454TotalAssetsEOY
Total Liabilities BOY39451408TotalLiabilitiesBOY
Total Liabilities EOY39192754TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY96612050NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY99985700NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionLASTING BONDS AMONG STUDENTS AND FACULTY ARE HALLMARKS OF OUR CAMPUS COMMUNITY. LIFE AT THE ACADEMY IS ALSO INFLUENCED BY OUR MANY TRADITIONS INCLUDING JUMPING THE WALL AT COMMENCEMENT, HOSTING THE SPECIAL OLYMPICS, CELEBRATING FOUNDERS DAY, AND ENJOYING SATURDAY EVENINGS IN THE HEADMASTER'S HOME. IT IS IN THESE TRADITIONS AND COMMUNITY EVENTS THAT THE SPIRIT OF THE ACADEMY COMES TO LIFE. AS THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE UNITED STATES, WE HAVE ALWAYS CHERISHED THE POSSIBILITIES OF THE FUTURE AS MUCH AS WE CHERISH OUR TRADITIONS. STUDENTS BECOME PART OF AN EXCITING HISTORY OF PROGRESS AND SERVICE FROM WHICH SPRING THE SCIENTISTS, ARTISTS, ATHLETES, WRITERS, INNOVATORS AND LEADERS OF TOMORROW. VISITORS TO OUR CAMPUS FEEL IT RIGHT AWAY-THE SENSE OF POSSIBILITY, THAT YOU CAN DO ANYTHING, TRY ANYTHING. <CONTINUED BELOW>MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense19772518Expense
Grants3816966Grants
Revenue17895203Revenue
DescriptionTHE GOVERNOR'S ACADEMY PROVIDES A CAREFULLY THOUGHT OUT AND RIGOROUS EDUCATIONAL EXPERIENCE THAT ENCOMPASSES ACADEMIC WORK, ATHLETICS, THE ARTS AND SERVICE. IN SMALL CLASSES LED BY TALENTED TEACHERS WHO INSPIRE A LIFELONG LOVE OF LEARNING AND AN UNQUENCHABLE CURIOSITY ABOUT THE WORLD. HERE STUDENTS DISCOVER NEW WORLDS - IN INTELLECTUAL INQUIRY. CLASSES ARE 45-90 MINUTES LONG, MEETING 3 TIMES A WEEK. THE AVERAGE CLASS SIZE IS APPROXIMATELY 13 STUDENTS. LIVING AND LEARNING WITH BOYS AND GIRLS FROM A RANGE OF BACKGROUNDS AND LIFE EXPERIENCES, OUR STUDENTS GAIN A BROADER UNDERSTANDING OF THE WORLD. WE HAVE MORE THAN 390 STUDENTS IN GRADES 9-12. OUR ENROLLMENT INCLUDES 13 PERCENT STUDENTS OF COLOR AND 12 PERCENTS INTERNATIONAL STUDENTS. TWO-THIRDS OF OUR STUDENTS BOARD; ONE-THIRD ARE DAY STUDENTS. ACADEMICALLY WE OFFER HONORS AND ADVANCED PLACEMENT COURSES, AS WELL AS INDEPENDENT STUDY IN ALL DEPARTMENTS. ATHLETES PARTICIPATE IN THE ISL LEAGUE OF 16 SCHOOLS LOCATED IN THE GREATER BOSTON AREA. WE OFFER MORE THAN 50 INTERSCHOLASTIC TEAMS FROM VARSITY TO THIRDS. OUR EFFORTS CONTINUE TO EXPAND IN PROVIDING GLOBAL UNDERSTANDING AND EXPERIENCES FOR OUR STUDENTS THROUGH EXCHANGE PROGRAMS. CURRENTLY OUR EXCHANGES ARE IN CHINA, SOUTH AFRICA AND THE NAVAJO PREPARATORY SCHOOL. STUDENTS SPEND TIME AT SCHOOLS ACROSS THE GLOBE, AND THEN THOSE FOREIGN STUDENTS AND TEACHERS COME TO OUR CAMPUS, WHERE THEY LIVE IN THE DORMS AND TAKE PART IN CLASSES AND ACTIVITIES. WE ARE DEVELOPING COURSES WITH A GLOBAL PERSPECTIVE, INCLUDING MODERN CHINESE HISTORY AND AFRICAN HISTORY. FOREIGN LANGUAGE STUDENTS - IN CHINESE, SPANISH, FRENCH, GERMAN AND LATIN - ENRICH THEIR LEARNING WITH TRIPS ABROAD AND LANGUAGE CLUB OUTINGS.Description
Total Program Service Expense19772518TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art1CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds1TaxExemptBonds
Invest Tax Exempt Bonds0InvestTaxExemptBonds
Escrow Account0EscrowAccount
On Behalf Of Issuer0OnBehalfOfIssuer
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP1LoanToOfficerOrDQP
Grant To Related Person1GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With1096106NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees257NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Form8899 Filed0Form8899Filed
Form1098 C Filed0Form1098CFiled
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members29NbrVotingGoverningBodyMembers
Number Independent Voting Members29NumberIndependentVotingMembers
Family Or Business Relationship1FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CHRISTOPHER V WEJCHERTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9784651763TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11 ELM STREETAddressLine1
CityBYFIELDCity
StateMAState
ZIP Code01922ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (35 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
JEFFREY L GORDON
PRESIDENT5.00XX000
JAMES L RUDOLPH
VICE PRESIDENT5.00XX000
STEVEN G SHAPIRO
TREASURER5.00XX000
JAMES M PIERCE
SECRETARY5.00XX000
REV ADRIENNE BERRY-BURTON
TRUSTEE5.00X000
WILLIAM BRINE
TRUSTEE5.00X000
GRAHAM COLE
TRUSTEE5.00X000
WENDY B COWIE
TRUSTEE5.00X000
JONATHAN J DOYLE
TRUSTEE5.00X000
HENRY B EATON
TRUSTEE5.00X000
BEVERLY R GIBLIN
TRUSTEE5.00X000
STEPHEN G KASNET
TRUSTEE5.00X000
PAUL MCKEON
TRUSTEE5.00X000
KARA MOHEBAN MCLOY
TRUSTEE5.00X000
THOMAS M MERCER JR
TRUSTEE5.00X000
KATHY HINES
TRUSTEE5.00X000
SPENCER PURINTON
TRUSTEE5.00X000
AARON M SELLS
TRUSTEE5.00X000
DAVID SPLAINE
TRUSTEE5.00X000
WILLIAM L ALFOND
TRUSTEE5.00X000
FRANCESCA DEMEO
TRUSTEE5.00X000
SONG-HYUK BANG
TRUSTEE5.00X000
MARGO L DHALIWAL
TRUSTEE5.00X000
MARK WHISTON
TRUSTEE5.00X000
GRETCHEN ES FORSYTH
TRUSTEE5.00X000
GARY A RODGERS
TRUSTEE5.00X000
GEORGE S SCHARFE
TRUSTEE5.00X000
BRUCE C TURNER
TRUSTEE5.00X000
DAN GUYTON
TRUSTEE5.00X000
PETER QUIMBY
HEADMASTER50.002729380108909X
ANN WARDWELL
DIRECTOR OF ADVANCEMENT50.00169546025286X
HUGH MCGRAW
CFO50.00177082011091X
JOHN DOGGETT
HEADMASTER EMERITUS40.00273582026025X
LYNDA FITZGERALD
DEAN OF FACULTY50.00109875020149X
ALFRED PARNELL
DIRECTOR OF BUILDINGS AND GROUNDS50.0010634501355X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1109368TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation192815TotalOtherCompensation
Number Individuals GT100 K6NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
SHAWMUT DESIGN AND CONSTRUCTION
560 HARRISON AVENUEBOSTONMA02118CONSTRUCTION3551307
US FOODSERVICE
PO BOX 3155BOSTONMA022413155DINING HALL FOOD438779
PBSC
360 PEARL STREETMALDENMA02148CLEANING SERVICE259877
DIRECT ENERGY BUSINESS
PO BOX 70220PHILADELPHIAPA191760220ELECTRIC UTILITIES257225
US SECURITY ASSOCIATES INC
P O BOX 931703ATLANTAGA31193SECURITY159074
FieldValueIRS element (for citing)
Number Of Contractors GT100 K16NumberOfContractorsGT100K
Fundraising Events-10111FundraisingEvents
All Other Contributions2704080AllOtherContributions
Noncash Contributions832739NoncashContributions
Total Contributions2693969TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION6116001705625517056255
SUMMER PROGRAMS713990323594323594
STUDENT FEE INCOME611710315151315151
FieldValueIRS element (for citing)
Total Program Service Revenue17695000TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2734107TotalRevenueColumn
Exclusion$2,734,107ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real272244Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real0Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real272244Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column272244TotalRevenueColumn
Exclusion$272,244ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities12480995Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities4693040Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities7787955Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column7787955TotalRevenueColumn
Exclusion$7,787,955ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events70876GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events-10111CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses70876FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Gross Sales Of Inventory220602GrossSalesOfInventory
Cost Of Goods Sold158674CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column61928TotalRevenueColumn
Related Or Exempt Function Income61928RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUSDescription
Business Code900099BusinessCode
Total Revenue Column138275TotalRevenueColumn
Related Or Exempt Function Income138275RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue138275TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column31383478TotalRevenueColumn
Related Or Exempt Function Income17895203RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$10,794,306ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total3816966Total
Program Services3816966ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total540348Total
Program Services243644ProgramServices
Management And General174882ManagementAndGeneral
Fundraising121822Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total8226127Total
Program Services6637130ProgramServices
Management And General968245ManagementAndGeneral
Fundraising620752Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total472344Total
Program Services472344ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1366103Total
Program Services827262ProgramServices
Management And General451936ManagementAndGeneral
Fundraising86905Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total714022Total
Program Services409157ProgramServices
Management And General252318ManagementAndGeneral
Fundraising52547Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total390973Total
Program Services151106ProgramServices
Management And General236047ManagementAndGeneral
Fundraising3820Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total12893Total
Program Services150ProgramServices
Management And General12743ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total174780Total
Program Services42217ProgramServices
Management And General75678ManagementAndGeneral
Fundraising56885Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total319531Total
Program Services261407ProgramServices
Management And General15803ManagementAndGeneral
Fundraising42321Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total1261580Total
Program Services1261580ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total74520Total
Fundraising74520Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total111815Total
Program Services49354ProgramServices
Management And General53096ManagementAndGeneral
Fundraising9365Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total1070842Total
Program Services1070842ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1956862Total
Program Services1839478ProgramServices
Management And General97820ManagementAndGeneral
Fundraising19564Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total603107Total
Program Services23589ProgramServices
Management And General579518ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalFundraisingFundraisingProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
CAMPAIGN PROJECT EXPENS12698891269889
OUTSIDE STAFFING634082634082
OPERATIONS & MAINTENANC49926932955301534164780
COST OF GOODS SOLD465016465016

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1783610Total
Program Services1265660ProgramServices
Management And General417963ManagementAndGeneral
Fundraising99987Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total25764679Total
Program Services19772518ProgramServices
Management And General3500829ManagementAndGeneral
Fundraising2491332Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY66314BOY
EOY40445EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY9127583BOY
EOY7603354EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY5919958BOY
EOY2995116EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY225208BOY
EOY106839EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
EOY6300EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY130096BOY
EOY29984EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY81797BOY
EOY93620EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY713923BOY
EOY359963EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis83246955LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec21435870LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY58450426BOY
EOY61811085EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY51500BOY
EOY60596EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY61296653BOY
EOY66071152EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY136063458BOY
EOY139178454EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY2013548BOY
EOY869810EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY6774097BOY
EOY5273945EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY22505000BOY
EOY21890000EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY1708720BOY
EOY6678347EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY6450043BOY
EOY4480652EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY39451408BOY
EOY39192754EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY61184766BOY
EOY66828862EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY10006795BOY
EOY7439289EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY25420489BOY
EOY25717549EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY96612050BOY
EOY99985700EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY136063458BOY
EOY139178454EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses5618799ReconcilationRevenueExpenses
Reconciliation Unrealized Invest-2245149ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collect Used For PreservationXCollectUsedForPreservation
Solicited Assets For Sale0SolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance61348153BeginningOfYearBalance
Contributions2429276Contributions
Investment Earnings Or Losses6316234InvestmentEarningsOrLosses
Other Expenditures3961915OtherExpenditures
End Of Year Balance66131748EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance67502379BeginningOfYearBalance
Contributions419108Contributions
Investment Earnings Or Losses-2895857InvestmentEarningsOrLosses
Other Expenditures3677477OtherExpenditures
End Of Year Balance61348153EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance61149659BeginningOfYearBalance
Contributions477411Contributions
Investment Earnings Or Losses10279795InvestmentEarningsOrLosses
Other Expenditures4404486OtherExpenditures
End Of Year Balance67502379EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance57876141BeginningOfYearBalance
Contributions677277Contributions
Investment Earnings Or Losses6039312InvestmentEarningsOrLosses
Other Expenditures3443071OtherExpenditures
End Of Year Balance61149659EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance77538518BeginningOfYearBalance
Contributions363231Contributions
Investment Earnings Or Losses-17052959InvestmentEarningsOrLosses
Other Expenditures2972649OtherExpenditures
End Of Year Balance57876141EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.53190BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.38750PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.08060TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis69266993OtherCostOrOtherBasis
Depreciation16571245Depreciation
Book Value52695748BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis5615620OtherCostOrOtherBasis
Depreciation3559690Depreciation
Book Value2055930BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis8364342OtherCostOrOtherBasis
Depreciation1304935Depreciation
Book Value7059407BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings61811085TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
LIMITED PARTNERSHIPS5278776F
BENEFICIAL INTEREST IN PHILLIPS TRUSTS6996293F
COMMONFUND INSTITUTIONAL FUNDS52155290F
CHARITABLE GIFT ANNUITIES1640793F
FieldValueIRS element (for citing)
Total Of Book Value Securities66071152TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
ANNUITIES PAYABLE$651,246
INTEREST RATE SWAP$3,829,406
FieldValueIRS element (for citing)
Total Of Amounts4480652TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt29346645TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-2245149NetUnrealizedGainsInvestments
Other Revenues4025282OtherRevenues
Revenue Not Rptd F9901780133RevenueNotRptdF990
Revenue Subtotal27566512RevenueSubtotal
Other Revenues Not Included3816966OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt3816966RevenueNotRptdOnFinStmt
Total Revenue Per Form99031383478TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt25972995TotExpensesEtcAuditedFinclStmt
Other Expenses Included4025282OtherExpensesIncluded
Expenses Not Rptd F9904025282ExpensesNotRptdF990
Expenses Subtotal21947713ExpensesSubtotal
Other Expenses Not Included3816966OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt3816966ExpensesNotRptdOnFinStmt
Total Expenses Per Form99025764679TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (7 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART III, LINE 4:VARIOUS PAINTINGS THAT ARE DISPLAYED IN THE LIBRARY WHICH WERE DONATED TO THE SCHOOL.
PART V, LINE 4:THE ACADEMYS ENDOWMENT FUNDS ARE USED TO SUPPORT MULTIPLE AREAS INCLUDING THE GENERAL OPERATIONS OF THE ACADEMY. THE ENDOWMENT HELPS SUPPORT FINANCIAL AID, FACULTY SALARIES AND BENEFITS, COMMENCEMENT PRIZES, PHYSICAL PLANT AND OTHER EXPENDITURES. TEMPORARY RESTRICTED GIFTS CAN HELP SUPPORT UNIFORMS, MUSICAL INSTRUMENTS, THE EXCHANGE PROGRAM, FINANCIAL AID FOR SPECIFIC NEEDS, AND BOOKS.DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
PART X, LINE 2:THE ACADEMY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE ACADEMY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT JUNE 30, 2013, MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. THE ACADEMY FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2010.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
ENDOWMENT APPROPRIATIONS FOR OPERATIONS AND DEBT SERVICE 3,795,732. FUNDRAISING EXPENSES INCLUDED IN INCOME 70,876. COST OF GOODS SOLD APPLIED AGAINST INCOME 158,674.PART XI, LINE 2D - OTHER ADJUSTMENTS:
FINANCIAL AID AND DISCOUNTS 3,816,966.PART XI, LINE 4B - OTHER ADJUSTMENTS:
ENDOWMENT APPROPRIATION DRAW 3,795,732. FUNDRAISING EXPENSES INCLUDED IN INCOME 70,876. COST OF GOODS SOLD APPLIED AGAINST INCOME 158,674.PART XII, LINE 2D - OTHER ADJUSTMENTS:
FINANCIAL AID AND DISCOUNTS 3,816,966.PART XII, LINE 4B - OTHER ADJUSTMENTS:

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records1MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received0GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

FieldValueIRS element (for citing)
IdentifierEXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONIdentifier
Return ReferenceSCHEDULE E, PART I, LINE 3ReturnReference
ExplanationGOVERNOR DUMMER ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY ON A SCHOOL BULLETIN AND IN BROCHURES.Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1REUNIONNameOfEvent1
Gross Receipts Event160765GrossReceiptsEvent1
Charitable Contributions Event1-10111CharitableContributionsEvent1
Gross Revenue Event170876GrossRevenueEvent1
Other Direct Expenses Event170876OtherDirectExpensesEvent1
Gross Receipts Total60765GrossReceiptsTotal
Charitable Contributions Total-10111CharitableContributionsTotal
Gross Revenue Total Events70876GrossRevenueTotalEvents
Other Direct Expenses Total Events70876OtherDirectExpensesTotalEvents
Direct Expense Summary Events70876DirectExpenseSummaryEvents
Net Income Summary0NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantFINANCIAL AIDTypeOfGrant
Number Of Recipients109NumberOfRecipients
Amount Of Cash Grant0AmountOfCashGrant
Amount Of Non Cash Assistance3816966AmountOfNonCashAssistance
Method Of ValuationFMVMethodOfValuation
Description Of Non Cash AssistanceSCHOLARSHIPS/FINANCIAL AIDDescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: FINANCIAL AID IS ALLOCATED ON A NEED BASED BASIS AT THE GOVERNOR'S ACADEMY. FOR NEW APPLICANTS TO THE SCHOOL, WE REQUIRE FAMILIES TO SUBMIT INCOME AND ASSET INFORMATION TO SSS, A FINANCIAL AID ASSESSMENT ORGANIZATION THAT OPERATES WITHIN NAIS. SSS PROVIDES FOR US A RECOMMENDED FAMILY CONTRIBUTION (RFC) AND, TO OUR ABILITY AND AFTER OUR EVALUATION OF A FAMILY'S SUBMISSION, WE WILL PROVIDE FINANCIAL AID TO A FAMILY THAT REPRESENTS THE DIFFERENCE BETWEEN THE RFC AND THE COST OF TUITION. WITH RESPECT TO MONITORING THE STUDENTS OVER TIME, FAMILIES MUST SUBMIT A FINANCIAL AID APPLICATION EACH YEAR AND THE RFC IS USED TO DETERMINE A FINANCIAL AID ALLOCATION EACH YEAR.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Discretionary Spending AccountXDiscretionarySpendingAccount
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Written Policy Re T And E Expenses0WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
PETER QUIMBY
HEADMASTER27293800000768300320790381847000
ANN WARDWELL
DIRECTOR OF ADVANCEMENT1695460000000252860194832000
HUGH MCGRAW
CFO1770820000000110910188173000
JOHN DOGGETT
HEADMASTER EMERITUS2735820000000260250299607000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationTHE SCHOOL PROVIDES ON CAMPUS HOUSING FOR THE HEADMASTER AND CHIEF FINANCIAL OFFICER TO PROVIDE AN ON CAMPUS PRESENCE TO DEAL WITH ASSORTED ISSUES AND EMERGENCIES. THE HEADMASTER DISCRETIONARY FUND OF $3,000 IS USED TO PAY FOR UNPLANNED SCHOOL ACTIVITIES. PER A CONTRACT BETWEEN THE ACADEMY AND HEADMASTER EMERITUS A GROSS UP PAYMENT WAS PROVIDED. THIS GROSS UP WAS PART OF A PORTION OF COMPENSATION AS IN RELATION TO HOUSING. THIS WAS A MUTUALLY AGREED UPON ARRANGEMENT BETWEEN THE INSTITUTION AND ONLY THIS INDIVIDUAL.Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS DEVELOPMENT FINANCE AGENCYBusinessNameLine1
FieldValueIRS element (for citing)
Issuer EIN043431814IssuerEIN
CUSIP Number57583RGN9CUSIPNumber
Date Issued2006-08-01DateIssued
Issue Price15000000IssuePrice
Description Of PurposeCONSTRUCTION OF DORM,MAINTENANCE BLDG,HOCKEY RINK,TURF FIELD,TENNIS COURTSDescriptionOfPurpose
Defeased0Defeased
On Behalf Of Issuer1OnBehalfOfIssuer
Pool Financing0PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds15000000TotalProceeds
Issuance Costs From Proceeds295724IssuanceCostsFromProceeds
Capital Expenditures14704276CapitalExpenditures
Year Of Subst Completion2007YearOfSubstCompletion
Current Refunding0CurrentRefunding
Advance Refunding0AdvanceRefunding
Final Allocation Made1FinalAllocationMade
Adequate Books And Recds Maintaind1AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedProperty
Any Lease Arrangements0AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty0MngmentCntrctBondFinancdPrprty
Any Research Agreements0AnyResearchAgreements
Prcntge Prvt Business Use By Others0.00000PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI0.00000PercentageOfPrvtBusinessReUBI
Total Private Business Use0.00000TotalPrivateBusinessUse
Bond Iss Meet Prvt Security Pay Test1BondIssMeetPrvtSecurityPayTest
Change In Use Bond Financed Prop0ChangeInUseBondFinancedProp
Non Qualified Bond Remed Procdrs1NonQualifiedBondRemedProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed1Form8038TFiled
Variable Rate Issue1VariableRateIssue
Hedge Identified In Books And Recds0HedgeIdentifiedInBooksAndRecds
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGIC
Gross Proceeds Invested0GrossProceedsInvested
Written Proc To Monitor Reqs0WrittenProcToMonitorReqs

Schedule L IRS990ScheduleL

Loan Table LoanTable

FieldValueIRS element (for citing)
Name PersonLYNDA FITZGERALDNamePerson
Relationship With OrganizationDEAN OF FACULTYRelationshipWithOrganization
Purpose Of LoanFACULTY HOUSING LOANPurposeOfLoan
Loan From OrganizationXLoanFromOrganization
Original Principal$21,000OriginalPrincipalAmount
Balance Due6300BalanceDue
Default0Default
Approved By Board1ApprovedByBoard
Written Agreement1WrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due6300TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII

FieldValueIRS element (for citing)
Relationship With OrganizationNEPHEW OF A DIRECTORRelationshipWithOrganization
Amount Of Grant35000AmountOfGrant
Type Of AssistanceFINANCIAL AIDTypeOfAssistance

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions10NumberOfContributions
Noncash Contribs Rptd F990832739NoncashContribsRptdF990
Method Of Determining RevenuesFMVMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts1ReviewProcessUnusualNCGifts
Third Parties Used0ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 2KARA MCCLOY IS AN EMPLOYEE OF JIM RUDOLPH. BOTH INDIVIDUALS ARE BOARD TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11AFTER BEING DRAFTED BY THE TAX PREPARERS AND REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER, A VERSION OF THE FORM 990 IS SENT TO THE AUDIT COMMITTEE, INCLUDING THE TREASURER, FOR REVIEW BY THE COMMITTEE. ANY QUESTIONS RAISED BY COMMITTEE MEMBERS ARE BROUGHT BACK TO THE CFO AND THE TAX PREPARERS. ONCE QUESTIONS HAVE BEEN ANSWERED AND ANY NEEDED CHANGES MADE, A FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE THE FILING DATE.
FORM 990, PART VI, SECTION B, LINE 12CTHE POLICY IS ISSUED ONCE A YEAR WITH AN ACKNOWLEDGEMENT TO BE SIGNED ASSURING THAT THE READER IS AWARE AND WILL COMPLY. ONCE THE ACKNOWLEDGEMENT IS SIGNED IT IS FILED IN THE CFO'S OFFICE.
FORM 990, PART VI, SECTION B, LINE 15THE HEADMASTERS COMPENSATION IS REVIEWED BY THE PRESIDENT OF THE BOARD AND THE OFFICERS OF THE ACADEMY, WITH SUPPORT FROM THE CFOS OFFICE WHICH PROVIDES RELEVANT AND COMPARABLE SALARY DATA FOR THIS POSITION. THE CFOS SALARY IS SET BY THE HEADMASTER. THE HEADMASTER AND THE CFO WORK TOGETHER IN SETTING THE FACULTY AND STAFF SALARY POOL, INCLUDING ANTICIPATED TURNOVER AND A BUDGET FOR REPLACEMENT PERSONNEL. ALL SALARY RECOMMENDATIONS ARE THEN INCORPORATED INTO THE DRAFT FISCAL YEAR BUDGET WHICH IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD THEN APPROVES THE BUDGET FOR IMPLEMENTATION. THE ORGANIZATION BENCHMARKS AND ANALYZES SALARIES AGAINST DATA FROM NATIONAL AND REGIONAL SCHOOL ASSOCIATIONS.
FORM 990, PART VI, SECTION C, LINE 18THE FORM 990 IS AVAILABLE VIA A WRITTEN OR TELEPHONE REQUEST TO THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CTHERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
FORM 990, PART III, LINE 1, CONTINUATIONA HEALTHY ATMOSPHERE WHERE EVERY CLUB AND TEAM WELCOMES NEW MEMBERS, TEACHERS ENCOURAGE STUDENTS TO TAKE CLASSES AND JOIN ACTIVITIES OUTSIDE THEIR COMFORT ZONE, AND EVERYONE SUPPORTS EACH OTHER IN ANY ENDEAVOR. MOTIVATED STUDENTS FROM THE BOSTON AREA AND AROUND THE GLOBE COME TOGETHER IN WHAT MANY SAY FEELS LIKE A SECOND HOME. VIBRANT, FASCINATING PEOPLE-INCLUDING TEACHERS WHO ALSO SERVE AS COACHES AND MENTORS-FORM A UNIQUE SYNTHESIS OF CULTURES AND LIFE EXPERIENCES. GOVERNOR'S GLOBAL OUTLOOK INSPIRES EXCHANGE AND STUDY ABROAD PROGRAMS, COURSE OFFERINGS, CLASS ACTIVITIES AND THE WELCOMING, ACCEPTING ATMOSPHERE ON CAMPUS. THE CHALLENGE AND OPPORTUNITIES OF A QUINTESSENTIAL NEW ENGLAND BOARDING SCHOOL MERGE WITH A WARMTH AND OPENNESS TO NEW IDEAS AND NEW PEOPLE THAT HAS ALWAYS MADE GOVERNOR'S REFRESHINGLY DIFFERENT.