WORCESTER ACADEMY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WORCESTER ACADEMY (EIN 04-2105855)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201301359349308595
- Schema version
- 2011v1.5
- 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 D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T16:43:12-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043037870 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042105855 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WORCESTER ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WORC | NameControl |
| Phone | 5087545302 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 PROVIDENCE STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS DICONZA | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 5087545302 | Phone |
| Date Signed | 2013-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA E KING | Name |
| PTIN | P00005629 | PTIN |
| Phone | 5087557107 | Phone |
| Date Prepared | 2013-05-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS DICONZA | NameOfPrincipalOfficerPerson |
| Gross Receipts | 35009747 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WORCESTERACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1834 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | OPERATION OF AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN GRADES 6 - 12 AND POSTGRADUATES DEDICATED TO PROMOTING SELF-DEVELOPMENT AND EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 301 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4131029 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1850204 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 21174660 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 22153524 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1296845 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1466785 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 154434 | OtherRevenuePriorYear |
| Other Revenue Current Year | 83818 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 26756968 | TotalRevenuePriorYear |
| Total Revenue Current Year | 25554331 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4365838 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4692700 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11733228 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11567060 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 2281 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 612005 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7779755 | OtherExpensePriorYear |
| Other Expenses Current Year | 8532604 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 23881102 | TotalExpensesPriorYear |
| Total Expenses Current Year | 24792364 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2875866 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 761967 | RevenuesLessExpensesCY |
| Total Assets BOY | 91785488 | TotalAssetsBOY |
| Total Assets EOY | 91942528 | TotalAssetsEOY |
| Total Liabilities BOY | 12574129 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11997615 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 79211359 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 79944913 | NetAssetsOrFundBalancesEOY |
| Mission Description | WORCESTER ACADEMY EXISTS TO INSTILL IN ITS STUDENTS THE DESIRE TO LEARN THROUGHOUT LIFE, TO ENGAGE PASSIONATELY WITH THE WORLD AROUND THEM, AND TO BE HONORABLE PERSONS OF STRONG AND RESOURCEFUL CHARACTER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 16498129 | Expense |
| Grants | 4692700 | Grants |
| Revenue | 21877016 | Revenue |
| Description | OPERATION OF PREPARATORY SCHOOL FOR APPOXIMATELY 642 STUDENTS IN GRADES 6 - 12 AND POSTGRADUATES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 213521 | Expense |
| Revenue | 321681 | Revenue |
| Description | SUMMER PROGRAMS BENEFITING APPROXIMATELY 500 STUDENTS AGES 7 - 14. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 16711650 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 1 | 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 | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | 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 | 0 | 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 | 0 | 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 282 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 301 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| 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 |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | 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 | 1 | 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
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5087545302 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 PROVIDENCE STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| ANDREW B O'DONNELL ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ARTHUR KENTROS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BRIAN A O'CONNELL ESQ | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | X | |
| CHARLES O'CONNOR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DANA R LEVENSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID P FORSBERG | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| J MICHAEL GRENON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PATRICIA EPPINGER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HENRY DORMITZER III | |||||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 | X | |
| BENJAMIN S AMBUSH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CRAIG DUFRESNE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JACQUELINE PETERSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JAMES J PIETRO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HERVEY S ROSS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SARAH S PULSIFER | |||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | X | |
| DAVID SHAMOIAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SUSAN WEAGLY JACOBS | |||||||
| VICE PRESIDENT | 2.00 | X | 0 | 0 | 0 | X | |
| THOMAS HEISER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| VICTOR FIELDS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JONATHAN STUART | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| YVONNE GOLDSBERRY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| LUKE VALLAINCOURT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DEXTER MORSE | |||||||
| HEAD OF SCHOOL | 40.00 | 298912 | 0 | 24842 | X | ||
| THOMAS DICONZA | |||||||
| CFO | 40.00 | 156720 | 0 | 17020 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 455632 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 41862 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | 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 |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 13N ROCKLAND ROAD | AUBURN | MA | 01501 | DINING ROOM SERVICES | 1277536 |
| FALLON COMMUNITY HEALTH PLAN | |||||
| 10 CHESTNUT STREET | WORCESTER | MA | 01608 | HEALTH INS. | 980334 |
| QUIRK CONSTRUCTION CORP | |||||
| 1 MARTEL WAY | GEORGETOWN | MA | 01833 | CONSTRUCTION | 863267 |
| METRO CRIME PREVENTION | |||||
| 70 JAMES STREET | WORCESTER | MA | 01603 | SECURITY SERVICE | 462156 |
| HIRTLE CALLAGHAN & COMPANY FIVE | |||||
| 300 BARR HARBOR DR | W CONSHOHOCKEN | PA | 19428 | INVS. FEES | 142210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 21 | NumberOfContractorsGT100K |
| All Other Contributions | 1850204 | AllOtherContributions |
| Noncash Contributions | 178304 | NoncashContributions |
| Total Contributions | 1850204 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 22153524 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22153524 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 22153524 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 654232 | TotalRevenueColumn |
| Exclusion | $654,232 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38645 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38645 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38645 | TotalRevenueColumn |
| Exclusion | $38,645 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10163285 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9350732 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 812553 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 812553 | TotalRevenueColumn |
| Exclusion | $812,553 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 109679 | GrossSalesOfInventory |
| Cost Of Goods Sold | 104684 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4995 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4995 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | VENDING & MISC. INCOME | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 40178 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40178 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 40178 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25554331 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22198697 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,505,430 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4692700 | Total |
| Program Services | 4692700 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9390403 | Total |
| Program Services | 5353202 | ProgramServices |
| Management And General | 3789941 | ManagementAndGeneral |
| Fundraising | 247260 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572296 | Total |
| Management And General | 572296 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 881427 | Total |
| Program Services | 1495 | ProgramServices |
| Management And General | 879932 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 722934 | Total |
| Management And General | 722934 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19246 | Total |
| Management And General | 19246 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63519 | Total |
| Management And General | 63519 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30431 | Total |
| Management And General | 30431 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103888 | Total |
| Program Services | 37360 | ProgramServices |
| Management And General | 66528 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 871681 | Total |
| Program Services | 367579 | ProgramServices |
| Management And General | 334471 | ManagementAndGeneral |
| Fundraising | 169631 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239350 | Total |
| Program Services | 238685 | ProgramServices |
| Fundraising | 665 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2329310 | Total |
| Program Services | 2082256 | ProgramServices |
| Management And General | 199998 | ManagementAndGeneral |
| Fundraising | 47056 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151444 | Total |
| Program Services | 12536 | ProgramServices |
| Management And General | 137443 | ManagementAndGeneral |
| Fundraising | 1465 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170699 | Total |
| Program Services | 49296 | ProgramServices |
| Management And General | 62128 | ManagementAndGeneral |
| Fundraising | 59275 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309220 | Total |
| Program Services | 268720 | ProgramServices |
| Management And General | 34594 | ManagementAndGeneral |
| Fundraising | 5906 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1895791 | Total |
| Program Services | 1725170 | ProgramServices |
| Management And General | 132705 | ManagementAndGeneral |
| Fundraising | 37916 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106071 | Total |
| Program Services | 106071 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DINING ROOM EXPENSES | 1080568 | 1080568 | ||
| OTHER OPERATING EXPENSE | 508761 | 59206 | 422543 | 27012 |
| EXTRACURRICULAR ACTIVIT | 439104 | 423285 | 15819 | |
| SUMMER PROGRAM EXPENSES | 213521 | 213521 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24792364 | Total |
| Program Services | 16711650 | ProgramServices |
| Management And General | 7468709 | ManagementAndGeneral |
| Fundraising | 612005 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3601 | BOY |
| EOY | 2190 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6978749 | BOY |
| EOY | 8976203 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6429287 | BOY |
| EOY | 5224755 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74949 | BOY |
| EOY | 228111 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56358 | BOY |
| EOY | 74710 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 376414 | BOY |
| EOY | 303600 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 60337341 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 21614788 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38218940 | BOY |
| EOY | 38722553 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23788385 | BOY |
| EOY | 21906457 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3419722 | BOY |
| EOY | 3713897 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12439083 | BOY |
| EOY | 12790052 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91785488 | BOY |
| EOY | 91942528 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1598696 | BOY |
| EOY | 1748480 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2722431 | BOY |
| EOY | 2472932 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7182466 | BOY |
| EOY | 6860799 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1070536 | BOY |
| EOY | 915404 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12574129 | BOY |
| EOY | 11997615 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45726500 | BOY |
| EOY | 48051176 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16093459 | BOY |
| EOY | 14720217 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17391400 | BOY |
| EOY | 17173520 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79211359 | BOY |
| EOY | 79944913 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91785488 | BOY |
| EOY | 91942528 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 761967 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -28413 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | X | HistoricStructure |
| Total Number Of Easements | 1 | TotalNumberOfEasements |
| Total Acreage | 9.20 | TotalAcreage |
| Nmbr Hist Struct Easements | 1 | NmbrHistStructEasements |
| Nmbr Hist Struct Easements After | 0 | NmbrHistStructEasementsAfter |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoring |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38252896 | BeginningOfYearBalance |
| Contributions | 181104 | Contributions |
| Investment Earnings Or Losses | -4089841 | InvestmentEarningsOrLosses |
| Other Expenditures | 1316000 | OtherExpenditures |
| End Of Year Balance | 33028159 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23551842 | BeginningOfYearBalance |
| Contributions | 92429 | Contributions |
| Investment Earnings Or Losses | 15903423 | InvestmentEarningsOrLosses |
| Other Expenditures | 1294798 | OtherExpenditures |
| End Of Year Balance | 38252896 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 28664964 | BeginningOfYearBalance |
| Contributions | 245118 | Contributions |
| Investment Earnings Or Losses | 3519318 | InvestmentEarningsOrLosses |
| Other Expenditures | 8877559 | OtherExpenditures |
| End Of Year Balance | 23551842 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 35844869 | BeginningOfYearBalance |
| Contributions | 701058 | Contributions |
| Investment Earnings Or Losses | -6209852 | InvestmentEarningsOrLosses |
| Other Expenditures | 1671111 | OtherExpenditures |
| End Of Year Balance | 28664964 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.34310 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.51190 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.14500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7820671 | OtherCostOrOtherBasis |
| Book Value | 7820671 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 43908854 | OtherCostOrOtherBasis |
| Depreciation | 15311830 | Depreciation |
| Book Value | 28597024 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8250362 | OtherCostOrOtherBasis |
| Depreciation | 6302958 | Depreciation |
| Book Value | 1947404 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 357454 | OtherCostOrOtherBasis |
| Book Value | 357454 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 38722553 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| BOND ISSUANCE COSTS, NET | 58037 |
| BENEFICIAL INTEREST IN TRUST | 12732015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 12790052 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIABILITY UNDER REMAINDER TRUST | $439,950 |
| CAPITAL LEASE OBLIGATIONS | $305,700 |
| FAIR VALUE OF INTEREST RATE SWAP | $169,754 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 915404 | TotalOfAmounts |
| Total Revenue | 25554331 | TotalRevenue |
| Total Expenses | 24792364 | TotalExpenses |
| Excess Or Deficit For Year | 761967 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1461876 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 1094887 | PriorPeriodAdjustments |
| Other | $338,576 | OtherAmount |
| Total Adjustments | -28413 | TotalAdjustments |
| Excess Or Deficit Per FS | 733554 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 19555213 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1461876 | NetUnrealizedGainsInvestments |
| Other Revenues | 368979 | OtherRevenues |
| Revenue Not Rptd F990 | -1092897 | RevenueNotRptdF990 |
| Revenue Subtotal | 20648110 | RevenueSubtotal |
| Other Revenues Not Included | 4906221 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 4906221 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 25554331 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19916546 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 30403 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 30403 | ExpensesNotRptdF990 |
| Expenses Subtotal | 19886143 | ExpensesSubtotal |
| Other Expenses Not Included | 4906221 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4906221 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 24792364 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE SCHOOL'S ENDOWMENT CONSISTS OF ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS. THE BOARD OF TRUSTEES HAS INTERPRETED THE PROVISIONS OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS OF THE CONTRARY. AS A RESULT OF THE INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS TO THE PERMANENT ENDOWMENT IN ACCORDANCE WITH THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE SCHOOL CONSIDERED THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1 - THE DURATION AND PRESERVATION OF VARIOUS FUNDS; 2 - THE PURPOSES OF THE DONOR-RESTRICTED ENDOWMENT FUNDS; 3 - GENERAL ECONOMIC CONDITIONS; 4 - THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; 5 - THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; 6 - OTHER RESOURCES OF THE SCHOOL; AND 7 - THE SCHOOL'S INVESTMENT POLICIES. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR ENDOWMENT FUNDS THAT STRIVE TO PROVIDE A STABLE SOURCE OF RETURNS TO SUPPORT THE ONGOING OPERATION AND ACTIVITIES OF THE SCHOOL WHILE SEEKING TO ACHIEVE A LONG-TERM RATE OF RETURN THROUGH BOTH CAPITAL APPRECIATION AND INVESTMENT YIELDS SUFFICIENT TO PRODUCE REAL GROWTH OF FUND ASSETS, NET OF SPENDING REQUIREMENTS, INFLATION AND INVESTMENT EXPENSES. ENDOWMENT FUNDS ARE INVESTED IN A DIVERSIFIED ASSET MIX, WHICH IS INTENDED TO RESULT IN A CONSISTENT INFLATION-PROTECTED RATE OF RETURN AND SUFFICIENT LIQUIDITY TO MAKE ANNUAL DISTRIBUTIONS AS DETERMINED BY COMMITTEES OF THE BOARD OF TRUSTEES. THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION AND MANAGES ITS INVESTMENT STRATEGIES TO ACHIEVE ITS OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SCHOOL'S ANNUAL SPENDING APPROPRIATION IS DETERMINED BY THE FINANCE COMMITTEE IN CONSULTATION WITHIN THE INVESTMENT COMMITTEE USING AVERAGE MARKET VALUES AND INVESTMENT RETURNS FOR THE PREVIOUS THREE YEARS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE SCHOOL'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 338,576. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST 338,576. WORKERS COMP INSURANCE REBATE 30,403. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 4,692,700. SUMMER PROGRAM EXPENSES 213,521. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | WORKERS COMP INSURANCE REBATE 30,403. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 4,692,700. SUMMER PROGRAM EXPENSES 213,521. |
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 | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE POLICY IS INCLUDED ON THE WEBSITE AND IS PRINTED IN THE "VIEW BOX" WHICH IS DISTRIBUTED AT OPEN HOUSES AND SENT TO ALL INDIVIDUALS REQUESTING SCHOOL INFORMATION. THE POLICY IS ALSO PUBLISHED ANNUALLY IN THE BOSTON GLOBE (W/ AISNE SCHOOLS). | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | EDUCATIONAL SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 249 | NumberOfRecipients |
| Amount Of Cash Grant | 4692700 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: WORCESTER ACADEMY IS FULLY COMMITTED TO ENROLLING A DIVERSE STUDENT BODY; DIVERSE IN TERMS OF INTERESTS, TALENTS, RACE, ETHNICITY AND ECONOMIC BACKGROUND. TO THIS END, THE ACADEMY HAS DEVELOPED A FINANCIAL AID PROGRAM TO PROMOTE ACCESS TO THE ACADEMY TO ALL QUALIFIED STUDENTS, REGARDLESS OF FAMILY FINANCIAL CIRCUMSTANCES. THE GOAL OF OUR FINANCIAL AID PROGRAM IS TO LESSEN THE GAP, BETWEEN WHAT A FAMILY CAN REASONABLY BE EXPECTED TO CONTRIBUTE AND WHAT IT ACTUALLY COSTS TO ATTEND WORCESTER ACADEMY. FINANCIAL AID IS AN ANNUAL AWARD AND STUDENTS MUST APPLY EACH YEAR FOR SUPPORT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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 (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEXTER MORSE | |||||||||||||
| 298912 | 0 | 0 | 0 | 0 | 0 | 17500 | 0 | 7342 | 0 | 323754 | 0 | 0 | 0 |
| THOMAS DICONZA | |||||||||||||
| 156720 | 0 | 0 | 0 | 0 | 0 | 7836 | 0 | 9184 | 0 | 173740 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE HEAD MASTER RECEIVED THE FOLLOWING: (1) COMPANION TRAVEL; TRAVEL WITH WIFE FOR ALUMNI EVENTS; (2) RESIDENCE; ON CAMPUS HOUSING IS REQUIRED FOR HEAD OF SCHOOL; (3) SOCIAL DUES: SOCIAL CLUB DUES FOR BUSINESS MEETINGS WITH COMMUNITY LEADERS, POTENTIAL DONORS AND CULTIVATING ONGOING ALUMNI RELATIONS; (4) PERSONAL SERVICES: CLEANING SERVICES FOR CAMPUS HOUSING. |
| PART I, LINE 1B | NO WRITTEN POLICY IS IN PLACE FOR THE BENEFITS PROVIDED TO THE HEAD OF THE SCHOOL LISTED ABOVE. HOWEVER, THESE ARE LONG STANDING PRACTICES OF THE SCHOOL. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEV FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| Date Issued | 2010-12-29 | DateIssued |
| Issue Price | 7191000 | IssuePrice |
| Description Of Purpose | REFINANCE OF 2000 AND 2008 BONDS | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 7050000 | AmountRetired |
| Refunding Escrow | 45514 | RefundingEscrow |
| Issuance Costs From Proceeds | 64486 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 22466 | OtherSpentProceeds |
| Amount Unspent | 8534 | AmountUnspent |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 178304 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | AN ELECTRONIC COPY OF THE RETURN IS PROVIDED TO A SUBCOMMITTEE OF THE BOARD VIA SECURE FILE TRANSFER. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE SCHOOL HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DESIGNATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THEY HAVE RECEIVED A COPY OF THE POLICY, UNDERSTAND THE POLICY, AGREE TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE POLICY DEFINES INTEREST PERSON, FINANCIAL INTEREST AND DISCUSSES VARIOUS FORMS OF COMPENSATION AND THEIR DUTIES TO DISCLOSE IF CONFLICTS EXIST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SCHOOL COMPARES INFORMATION AVAILABLE WITH NAIS AND SIMILIAR POSITIONS IN OTHER ORGANIZATIONS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL GENERALLY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,461,876. PRIOR PERIOD ADJUSTMENTS: 1,094,887. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 338,576. TOTAL TO FORM 990, PART XI, LINE 5: -28,413. | CHANGES IN NET ASSETS OR FUND BALANCES: |