GROTON SCHOOL: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GROTON SCHOOL (EIN 04-2104265)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-13
- IRS object ID
- 201410449349300626
- Schema version
- 2012v2.0
- 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) |
|---|---|---|
| Timestamp | 2014-02-13T10:12:01-07:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104265 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GROTON SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GROT | NameControl |
| Phone | 9784483363 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J Hale Smith | Name |
| Title | Chief Financial Officer | Title |
| Phone | 9784487566 | Phone |
| Date Signed | 2014-02-13 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | J Hale Smith | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 60010624 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.groton.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1884 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Groton School provides college and university preparatory education for students in grades eight to twelve. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 220 | TotalNbrEmployees |
| Total Nbr Volunteers | 681 | TotalNbrVolunteers |
| Total Gross UBI | 70307 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7982516 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 20229460 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 18416804 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19118886 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 15477582 | InvestmentIncomePriorYear |
| Investment Income Current Year | 15716096 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 311082 | OtherRevenuePriorYear |
| Other Revenue Current Year | 357815 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 42187984 | TotalRevenuePriorYear |
| Total Revenue Current Year | 55422257 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5140650 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5640955 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15316855 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16221838 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2086547 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16414752 | OtherExpensePriorYear |
| Other Expenses Current Year | 16114295 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36872257 | TotalExpensesPriorYear |
| Total Expenses Current Year | 37977088 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5315727 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 17445169 | RevenuesLessExpensesCY |
| Total Assets BOY | 411490784 | TotalAssetsBOY |
| Total Assets EOY | 440108102 | TotalAssetsEOY |
| Total Liabilities BOY | 78082487 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 71005228 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 333408297 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 369102874 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 30611512 | Expense |
| Grants | 5640955 | Grants |
| Revenue | 19120004 | Revenue |
| Description | Education of students in grades eight through twelve in a non-profit, co-educational college preparatory boarding school. The School provides aid assistance for 37% of its students in the form of tuition grants, housing support, travel assistance, and subsidies for books, supplies, and laptop purchases (373 students). | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 30611512 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 207 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 220 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | J Hale Smith | NamePerson |
| Telephone Number | 9784487566 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| David Altshuler | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Charles A Anton | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Auguste J Bannard | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Amelia Manice Berkowitz | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| James A Bundy | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Diana V Chigas | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Franz F Colloredo Mansfeld | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Henry P Davis | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Peter C Erichsen | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Grant A Gund | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Stephen G Hill | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Kenneth C Irving | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| John R S Jacobsson | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Thomas Kalaris | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Jonathan D Klein | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Alexander Robert Krapf | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Vikram Malhotra | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Andrew S Paul | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Benjamin N Pyne | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| James H R Windels | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Ann Bakewell Woodward | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| Richard G Woolworth Jr | ||||||||
| Board Member | 4 | 0 | X | 0 | 0 | 0 | ||
| James H Higgins III | ||||||||
| President | 12 | 0 | X | 0 | 0 | 0 | X | |
| Jennifer Ayer Sandell | ||||||||
| Vice President | 4 | 0 | X | 0 | 0 | 0 | X | |
| D D Willard Gardiner Jr | ||||||||
| Treasurer | 4 | 0 | X | 0 | 0 | 0 | X | |
| Dr Lori D Hill | ||||||||
| Secretary | 4 | 0 | X | 0 | 0 | 0 | X | |
| Richard B Commons | ||||||||
| Headmaster | 60 | 0 | X | 459438 | 0 | 117260 | X | |
| J Hale Smith | ||||||||
| C.F.O. | 60 | 0 | 223089 | 0 | 56907 | X | ||
| John MacEachern | ||||||||
| Director of Development | 50 | 0 | 199906 | 0 | 132132 | X | ||
| Ian Gracey | ||||||||
| Director of Admissions | 50 | 0 | 120915 | 0 | 133996 | X | ||
| John Amirault | ||||||||
| Director of IT | 45 | 0 | 112682 | 0 | 30327 | X | ||
| Craig Gemmell | ||||||||
| Director of College Counseling | 45 | 0 | 109023 | 0 | 67240 | X | ||
| Katherine Bradley | ||||||||
| Assistant Headmaster | 50 | 0 | 105962 | 0 | 66967 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1331015 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 604829 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| Mahan Slate Roofing Company | ||||||
| 32 Verge | Springfield | MA | 01129 | Construction | 2001055 | |
| Chartwells | ||||||
| 2400 Yorkmont Road | Charlotte | NC | 28217 | Food Service | 1254378 | |
| Shepley Bulfinch Richardson & Abbott | ||||||
| 2 Seaport Lane | Boston | MA | 02210 | Architect | 1169433 | |
| Shepherd PMC LLC | ||||||
| 358 Revere Street | Winthrop | MA | 02152 | Construction | 398345 | |
| CSL Consulting LLC | ||||||
| 24 New England Executive Park | Burlington | MA | 01803 | Construction Consultant | 326239 | Suite 330 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 19 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 0 | GovernmentGrants |
| All Other Contributions | 20229460 | AllOtherContributions |
| Noncash Contributions | 1373629 | NoncashContributions |
| Total Contributions | 20229460 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Tuition | 611600 | 18579572 | 18579572 | 0 | $0 |
| Technology support fee | 611710 | 223800 | 223800 | 0 | $0 |
| Heath center fee | 611710 | 123730 | 123730 | 0 | $0 |
| Application fees | 611710 | 74950 | 74950 | 0 | $0 |
| Student billing finance charges | 611710 | 19917 | 19917 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 96917 | TotalRevenueColumn |
| Related Or Exempt Function Income | 96917 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19118886 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4284248 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 59790 | UnrelatedBusinessRevenue |
| Exclusion | $4,224,458 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 358745 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23598 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 335147 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 335147 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 10517 | UnrelatedBusinessRevenue |
| Exclusion | $324,630 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15927319 | Securities |
| Other | 1732 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4496589 | Securities |
| Other | 614 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11430730 | Securities |
| Other | 1118 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11431848 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1118 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $11,430,730 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Gross Sales Of Inventory | 90234 | GrossSalesOfInventory |
| Cost Of Goods Sold | 67566 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22668 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $22,668 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55422257 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19120004 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 70307 | UnrelatedBusinessRevenue |
| Exclusion | $16,002,486 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107245 | Total |
| Program Services | 107245 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5533710 | Total |
| Program Services | 5533710 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 856694 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 856694 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10292961 | Total |
| Program Services | 7640927 | ProgramServices |
| Management And General | 1643298 | ManagementAndGeneral |
| Fundraising | 1008736 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1795588 | Total |
| Program Services | 1224311 | ProgramServices |
| Management And General | 408265 | ManagementAndGeneral |
| Fundraising | 163012 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2575055 | Total |
| Program Services | 1731355 | ProgramServices |
| Management And General | 600636 | ManagementAndGeneral |
| Fundraising | 243064 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 701540 | Total |
| Program Services | 463331 | ProgramServices |
| Management And General | 169570 | ManagementAndGeneral |
| Fundraising | 68639 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91855 | Total |
| Program Services | 5382 | ProgramServices |
| Management And General | 50045 | ManagementAndGeneral |
| Fundraising | 36428 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106417 | Total |
| Program Services | 10023 | ProgramServices |
| Management And General | 96394 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1265285 | Total |
| Program Services | 1265285 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 898109 | Total |
| Program Services | 620746 | ProgramServices |
| Management And General | 232840 | ManagementAndGeneral |
| Fundraising | 44523 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360185 | Total |
| Program Services | 89327 | ProgramServices |
| Management And General | 150995 | ManagementAndGeneral |
| Fundraising | 119863 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202711 | Total |
| Program Services | 64893 | ProgramServices |
| Management And General | 83322 | ManagementAndGeneral |
| Fundraising | 54496 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 406352 | Total |
| Program Services | 108186 | ProgramServices |
| Management And General | 278587 | ManagementAndGeneral |
| Fundraising | 19579 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2597994 | Total |
| Program Services | 2571482 | ProgramServices |
| Management And General | 22611 | ManagementAndGeneral |
| Fundraising | 3901 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309452 | Total |
| Program Services | 86559 | ProgramServices |
| Management And General | 141094 | ManagementAndGeneral |
| Fundraising | 81799 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33303 | Total |
| Program Services | 12702 | ProgramServices |
| Management And General | 14922 | ManagementAndGeneral |
| Fundraising | 5679 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2028901 | Total |
| Program Services | 2028901 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5726543 | Total |
| Program Services | 5588392 | ProgramServices |
| Management And General | 133069 | ManagementAndGeneral |
| Fundraising | 5082 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238896 | Total |
| Program Services | 84619 | ProgramServices |
| Management And General | 136127 | ManagementAndGeneral |
| Fundraising | 18150 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food | 814946 | 690282 | 32860 | 91804 |
| General merchandise & equipment | 304342 | 291348 | 4812 | 8182 |
| Special events | 329254 | 220108 | 43378 | 65768 |
| Other regulatory | 156696 | 68719 | 54504 | 33473 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243054 | Total |
| Program Services | 103679 | ProgramServices |
| Management And General | 125006 | ManagementAndGeneral |
| Fundraising | 14369 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37977088 | Total |
| Program Services | 30611512 | ProgramServices |
| Management And General | 5279029 | ManagementAndGeneral |
| Fundraising | 2086547 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20914 | BOY |
| EOY | 16887 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 992650 | BOY |
| EOY | 487454 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9583914 | BOY |
| EOY | 12433296 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 417743 | BOY |
| EOY | 279598 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129373 | BOY |
| EOY | 90304 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221307 | BOY |
| EOY | 208563 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1069901 | BOY |
| EOY | 927353 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 170336995 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 77109160 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92780200 | BOY |
| EOY | 93227835 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165449904 | BOY |
| EOY | 189772112 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133590889 | BOY |
| EOY | 135430711 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15797 | BOY |
| EOY | 15797 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7218013 | BOY |
| EOY | 7218013 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179 | BOY |
| EOY | 179 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 411490784 | BOY |
| EOY | 440108102 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11927029 | BOY |
| EOY | 8937138 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1657905 | BOY |
| EOY | 2139318 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49415000 | BOY |
| EOY | 48640000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15082553 | BOY |
| EOY | 11288772 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78082487 | BOY |
| EOY | 71005228 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195426501 | BOY |
| EOY | 212457655 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71711399 | BOY |
| EOY | 88279253 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66270397 | BOY |
| EOY | 68365966 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 333408297 | BOY |
| EOY | 369102874 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 411490784 | BOY |
| EOY | 440108102 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 17445169 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 12334681 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 0 | ReconcilationDonatedServices |
| Reconcilation Invest Expenses | 0 | ReconcilationInvestExpenses |
| Reconcilation Prior Adjustment | 0 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 5914727 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $0 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 0 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchC_P2B_S00_L01 | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| 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 its members. The portion of dues and fees allocated to lobbying activities is not determinable. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 295580171 | BeginningOfYearBalance |
| Contributions | 5384256 | Contributions |
| Investment Earnings Or Losses | 26464968 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2708118 | GrantsOrScholarships |
| Other Expenditures | 11129096 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 313592181 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 306053479 | BeginningOfYearBalance |
| Contributions | 3001319 | Contributions |
| Investment Earnings Or Losses | -374150 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2441835 | GrantsOrScholarships |
| Other Expenditures | 10658642 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 295580171 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 265642371 | BeginningOfYearBalance |
| Contributions | 3553974 | Contributions |
| Investment Earnings Or Losses | 47594562 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2922392 | GrantsOrScholarships |
| Other Expenditures | 7815036 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 306053479 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 242484014 | BeginningOfYearBalance |
| Contributions | 5320500 | Contributions |
| Investment Earnings Or Losses | 27343554 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1755423 | GrantsOrScholarships |
| Other Expenditures | 7750274 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 265642371 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 291284441 | BeginningOfYearBalance |
| Contributions | 2674640 | Contributions |
| Investment Earnings Or Losses | -40111672 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2106706 | GrantsOrScholarships |
| Other Expenditures | 9256689 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 242484014 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.57 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.2 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.23 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3862194 | OtherCostOrOtherBasis |
| Book Value | 3862194 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 148074629 | OtherCostOrOtherBasis |
| Depreciation | 63789734 | Depreciation |
| Book Value | 84284895 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 10894126 | OtherCostOrOtherBasis |
| Depreciation | 8017368 | Depreciation |
| Book Value | 2876758 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 7506046 | OtherCostOrOtherBasis |
| Depreciation | 5302058 | Depreciation |
| Book Value | 2203988 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 93227835 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Hedge Funds | 79813047 | F |
| US Bond Funds | 15269656 | F |
| Venture Capital Funds | 16627191 | F |
| Real Asset Funds | 15407472 | F |
| Private Equity Funds | 8313345 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 135430711 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Interest Rate Swap Agreements | $8,977,198 |
| Charitable Remainder Unitrusts | $1,795,164 |
| Charitable Gift Annuity | $516,410 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11288772 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 66938158 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 12334681 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 715083 | OtherRevenues |
| Revenue Not Rptd F990 | 13049764 | RevenueNotRptdF990 |
| Revenue Subtotal | 53888394 | RevenueSubtotal |
| Investment Expenses Not Included | 1625027 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -91164 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1533863 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 55422257 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31243581 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 91164 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 91164 | ExpensesNotRptdF990 |
| Expenses Subtotal | 31152417 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1625027 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 5199644 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 6824671 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 37977088 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | To support the educational mission of the School. |
| SchD_P10_S00_L02 | Schedule D, Part X, Line 2 | The School follows FASB ASC 740, "Income Taxes", which clarifies the accounting for uncertainty in income taxes 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 uncertainties in income taxes as of June 30, 2013 and 2012. The School is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for fiscal years before 2010. The School will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense. |
| SchD_P11_S00_L02d | Schedule D, Part XI, Line 2d | Defined benefit plan $1,886,047, change in value split interest agreements $131,500, financial aid ($5,199,644), unrealized gain from interest rate swap agreements $4,590,689, and recovery provision for uncollectible pledges ($693,509). |
| SchD_P11_S00_L04b | Schedule D, Part XI, Line 4b | Rental expenses of ($23,598) are associated with unrelated business income and cost of goods sold($67,566) at the School store. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Rental expenses of $23,598 associated with unrelated business income and cost of goods sold $67,566 at the School store. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Financial aid of $5,199,644. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchE_P01_S00_L03 | Identifier |
| Return Reference | Schedule E, Part I, Line 3 | ReturnReference |
| 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. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (14 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 0 | Program Services | The School sponsored a global education trip to China from June 12, 2012 to July 8, 2012 involving four students. | 3390 |
| East Asia and the Pacific | 0 | 0 | Fundraising | Reception held on November 18, 2012. 40 people were in attendance. | 4171 |
| East Asia and the Pacific | 0 | 0 | Fundraising | Reception held on November 16, 2012 in Hong Kong. 27 people were in attendance. | 5278 |
| East Asia and the Pacific | 0 | 0 | Program Services | Meetings with potential students during receptions held on November 12 through November 18, 2012 in Beijing, Shanghai, Hong Kong, and Seoul. | 6716 |
| South Asia | 0 | 0 | Program Services | The School sponsored a global education trip to India from March 3, 2013 to March 19, 2013 involving three students. | 7568 |
| Sub-Saharan Africa | 0 | 0 | Program Services | The School sponsored a global education trip to Uganda from June 12, 2012 to July 9, 2012 involving ten students. | 13300 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | The School sponsored a global education trip that traveled to various World War II battle sites in Europe. The trip went from June 7, 2013 to June 20, 2013 and it involved eight students. | 15122 |
| Europe (including Iceland and Greenland) | Fundraising | Reception held on September 27, 2012 in London. 28 people were in attendance. | 17714 | ||
| Europe (including Iceland and Greenland) | 0 | 0 | Fundraising | Reception held on April 25, 2013 in London. 19 people were in attendance. | 22885 |
| 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. | 23205 |
| Sub-Saharan Africa | 0 | 0 | Program Services | The School sponsored a global education trip to Tanzania from June 29, 2012 to July 19, 2012 involving 16 students. | 32508 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | The School sponsored a choir trip to the UK from March 3, 2013 to March 14, 2013 involving 49 students. | 67329 |
| Central America and the Caribbean | 0 | 0 | Investments | 46892228 | |
| Europe (including Iceland and Greenland) | 0 | 0 | Investments | 106400130 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 153511544 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Town of Groton | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 173 Main Street | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 01450 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 046001164 | EINOfRecipient |
| IRC Section | Government Entity | IRCSection |
| Amount Of Cash Grant | 100000 | AmountOfCashGrant |
| Purpose Of Grant | The contribution was made to help the Town of Groton subsidize their annual operating costs. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Tuition Grant | 137 | 0 | 5199644 | 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 | 96 | 165138 | 0 | Travel credits that are applied to annual billing | |
| Incidental Grant | 51 | 99697 | 0 | Credits are applied to monthly bill | |
| Other Grant | 43 | 54489 | Payments made to purchase laptops for qualified students | ||
| Parent Travel Grant | 17 | 14742 | Payments made to travel agents for air travel & lodging |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard B Commons | ||||||||||||||
| Headmaster | 357503 | 0 | 0 | 0 | 101935 | 0 | 47862 | 0 | 69398 | 0 | 576698 | 0 | 80698 | 0 |
| J Hale Smith | ||||||||||||||
| C.F.O. | 212514 | 0 | 0 | 0 | 10576 | 0 | 41166 | 0 | 15740 | 0 | 279996 | 0 | 0 | 0 |
| John MacEachern | ||||||||||||||
| Director of Development | 199906 | 0 | 0 | 0 | 0 | 0 | 39384 | 0 | 92748 | 0 | 332038 | 0 | 0 | 0 |
| Ian Gracey | ||||||||||||||
| Director of Admissions | 120915 | 0 | 0 | 0 | 0 | 0 | 19068 | 0 | 114928 | 0 | 254911 | 0 | 0 | 0 |
| Craig Gemmell | ||||||||||||||
| Director of College Counseling | 109023 | 0 | 0 | 0 | 0 | 0 | 17862 | 0 | 49378 | 0 | 176263 | 0 | 0 | 0 |
| Katherine Bradley | ||||||||||||||
| Assistant Headmaster | 97395 | 0 | 0 | 0 | 8567 | 0 | 17569 | 0 | 49398 | 0 | 172929 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | 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 of a golf club and residential cleaning. 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 participating in School related fundraising events. |
| SchJ_P01_S00_L04 | Schedule J, Part I, Line 4 | The Headmaster's contract, which is approved by the board President and the Compensation Committee, includes periodic contributions to a non-qualified 457(f) plan. $32,811.60 was disbursed from the plan to satisfy the tax obligations on an $80,698 vested benefit. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| Massachusetts Development Finance Agency | ||||||||
| A | 043431814 | 57583RMR3 | 2007-05-24 | 10000000 | Building and Structure Renovations | 0 | 0 | 0 |
| Massachusetts Development Finance Agency | ||||||||
| B | 043431814 | 57583F4W8 | 2004-07-01 | 22915000 | Advanced refunding of 1998 fixed debt issue | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 10000000 | 9850000 | 0 | 0 | 130000 | 20000 | 0 | 9800000 | 50000 | 0 | 2009 | 0 | 0 | 1 | 1 |
| B | 0 | 0 | 22915000 | 0 | 187775 | 22333525 | 357824 | 0 | 0 | 0 | 35876 | 0 | 2004 | 0 | 1 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Bank of New York | ||||||||||||
| A | 0 | 0 | 1 | 0 | 1 | 1 | 40 | 0 | 0 | 0 | 0 | 0 |
| Morgan Stanley Capital Services | ||||||||||||
| B | 0 | 0 | 0 | 0 | 1 | 1 | 30 | 1 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 0 |
| B | 1 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Lindsay Commons | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Headmaster's Wife | Relationship |
| Amount Of Transaction | 28000 | AmountOfTransaction |
| Description Of Transaction | Salary for co-hosting events | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 125 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1373629 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchM_P01_S00_L09 | Identifier |
| Return Reference | Schedule M, Part I, Line 9 | ReturnReference |
| Explanation | The number of contributions represent the number of security gifts that were received during the fiscal year. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11b | 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 prior to the January 2014 Audit Committee and Board meetings. The Committee performed a thorough review of the draft and had the opportunity to ask questions and suggest possible revisions. The draft was also posted to a secure electronic portal accessible by the full Board, and each Trustee was given the opportunity to ask questions and suggest possible revisions. Upon completion of the review, and with the recommendation of the Audit Committee, the Board voted to accept the draft Form 990. |
| F990_P06_S0B_L12c | 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. |
| F990_P06_S0B_L15 | 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 administrator's 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 budget limits set by the Board of Trustees. |
| F990_P06_S0C_L19 | 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. |
| F990_P11_S00_L09 | Form 990, Part XI, Line 9 | Interest rate swap agreements $4,590,689, split interest agreements $131,500, change in accrued pension liability $1,886,047, and recovery provision for uncollectible pledges ($693,509). |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|
| Charitable Remainder Trust (5) | ||||||||
| PO Box 991 | Groton | MA | 01450 | Charitable Trust | MA | Groton School | T | 0 |
| Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | 0 |
| Growth Pooled Income Fund | ||||||||
| PO Box 991 | Groton | MA | 01450 | Pooled Income Fund | MA | Groton School | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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, 2012. This extension provides the School's Board of Trustees the time necessary to complete a thorough review of the return. | Explanation |