2013-02-15T09:46:58-07:00 2012-06-30 990 2011-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty 6179935313 2013-02-10 2011 2016-03-07 17:11:31Z Jay Bounty Belmont Hill School 350 Prospect Street Belmont MA 024782662 54494654 0 X www.belmonthill.org X 1923 MA Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility and a passion for lifelong learning. 36 36 286 300 -192896 0 9966307 9766349 16665664 17125361 2635421 2235285 -106903 75276 29160489 29202271 3160216 3266893 0 0 12456354 12212479 5546 0 1970293 9245850 9670370 24867966 25149742 4292523 4052529 128497742 130313372 42934976 42718925 85562766 87594447 Belmont Hill is a community dedicated to developing boys in mind, body, and spirit. In a school that challenges and supports students in and beyond the classroom, we strive for excellence, honoring clear thinking and creativity, competition and teamwork, tradition and vision. Valuing difference, we seek students, faculty, and staff from a broad range of backgrounds who will embrace honest effort, curiosity, courage, and compassion. Working together, we seek to foster in each boy good character, commitment to service, global responsibility, and a passion for lifelong learning. 0 0 18102993 3239321 15985728 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. (Total of 434 boys with 122 receiving financial aid) 711303 27572 1139633 Educational institutions and related activities: Educated 591 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. Instructional program for another 617 boys and girls, ages 6 to 14, in athletic skills camps and art workshops, one to three weeks in length with emphasis on instruction and skill development. (Total of 1208 students with 281 children receiving financial aid) 0 0 0 18814296 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 77 0 1 286 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 36 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Amos Hostetter 1 X 0 0 0 Anthony Ryan 1 X 0 0 0 Arlene Spence 1 X 0 0 0 Carl Martignetti 1 X 0 0 0 Carolyn Peter 1 X 0 0 0 Danielle Heard 1 X 0 0 0 David Bright 1 X 0 0 0 Frederick Chicos 1 X 0 0 0 Gerald Jordan 1 X 0 0 0 Geraldine Denterlein 1 X 0 0 0 Jason Hurd 1 X 0 0 0 Jeffrey Drucker 1 X 0 0 0 John Connors III 1 X 0 0 0 John Connors Jr 1 X 0 0 0 John Grady 1 X 0 0 0 Jon Biotti 1 X 0 0 0 Jonathan Kraft 1 X 0 0 0 Kevin McCafferty 1 X 0 0 0 Kevin Mundt 1 X 0 0 0 Marilyn McGrath 1 X 0 0 0 Mark Chandler 1 X 0 0 0 Michael Gordon 1 X 0 0 0 Ronald Druker 1 X 0 0 0 Roy Coppedge III 1 X 0 0 0 Ruthanne Fuller 1 X 0 0 0 Scott Gieselman 1 X 0 0 0 Stephen Karp 1 X 0 0 0 Warren Fields 1 X 0 0 0 William Byrnes 1 X 0 0 0 Richard Ganong 1 X X 0 0 0 William Achtmeyer 1 X X 0 0 0 Sandra Fenwick 1 X X 0 0 0 Emmett Lyne 1 X 0 0 0 Linda Isner 1 X 0 0 0 Mark Wolpow 1 X 0 0 0 Richard Melvoin 50 X X X 367802 0 104008 Jay Bounty 50 X X 203143 0 29074 Beverly Coughlin 50 X 238782 0 30400 Donald Stewart 0 X X 167739 0 20413 Deborah Callahan 0.00 X X 157897 0 37129 Michael Grant 50 X 118867 0 25571 Steven Armstrong 50 X 110802 0 100935 Donald Bradley 50 X 104298 0 94961 1469330 0 442491 13 1 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 847969 Prospect Building Services Corporation 360 Pearl Street Malden MA 02148 Custodial Services 392174 Bedford Charter Service 11 Railroad Avenue Bedford MA 01730 Transportation for students 247422 Doug Rancourt Electricians 7 Priscilla Road Hopkinton MA 01748 Electrical Services 160819 Four Seasons Air 373 S Willow Street 331 Manchester NH 03103 Heat and Ventilation Work 115675 6 0 0 153905 0 0 9612444 1107781 9766349 Tuition and fees 900099 15945067 15945067 0 0 Summer programs 900099 1139633 1139633 0 0 Student Activities 900099 40661 40661 0 0 0 0 0 0 17125361 536680 534243 0 2437 156 156 0 0 0 0 0 0 199799 302082 725736 104271 -525937 197811 -328126 0 -192896 -135230 25725253 0 24026804 0 1698449 0 1698449 1698449 0 0 86927 153905 76324 10603 0 10603 403737 359248 44489 44489 0 0 School bus transportation 900099 236380 236380 0 0 Prior year returns 900099 42042 42042 0 0 Programs for parents and alumni 900099 35753 35753 0 0 34135 34135 0 0 348310 29202271 19751008 -192896 -122190 0 0 3266893 3266893 0 0 0 0 860893 0 596343 264550 0 0 0 0 8291830 6110695 1634037 547098 596692 440847 116754 39091 1802724 1214720 432942 155062 660340 444954 158587 56799 0 0 0 0 72108 0 72108 0 64714 700 64014 0 0 0 0 0 0 0 129877 0 129877 0 902684 613611 199238 89835 29879 17339 12540 0 0 0 0 0 417347 262058 117720 37569 0 0 0 0 1808818 1662154 113589 33075 153498 107090 3103 43305 0 0 0 0 32203 15564 12679 3960 1472818 1472818 0 0 0 0 0 0 1858282 1709783 115010 33489 137954 58801 79153 0 Supplies and equipment 648813 437696 93149 117968 Student Food Services 687569 687569 0 0 Printing and publications 377219 104163 171435 101621 Entertainment 457399 34475 64029 358895 419188 152366 178846 87976 25149742 18814296 4365153 1970293 500 500 5092782 6728883 3526916 4144806 279370 116594 0 0 0 0 0 0 50663 71775 822733 890860 58452949 21449889 38581211 37003060 25681535 18234687 54376040 62996215 0 0 0 0 85992 125992 128497742 130313372 1873224 1574259 0 0 2903518 2992107 32075000 32075000 0 0 0 0 5988000 5988000 0 95234 89559 42934976 42718925 X 70317038 71814856 7542097 7869425 7703631 7910166 85562766 87594447 128497742 130313372 X 4052529 -2020848 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77852961 4691019 92070 0 3425719 0 79210331 59853912 9817081 11771878 0 3589910 0 77852961 50387622 6270635 6108188 0 2912533 0 59853912 61650868 4073479 -12602691 0 2734034 0 50387622 0.85 0.1 0.05 0 0 0 5279242 5279242 0 41866640 13982614 27884026 0 4555587 1772909 2782678 0 3829338 3184142 645196 0 2922142 2510224 411918 37003060 0 Bond Proceeds Held by Trustee 2517462 F Limited Partnerships and Alternative Investments 60357553 F Real Estate 121200 F 62996215 Unamortized Original Issue Premium Bond 89559 89559 29202271 25149742 4052529 -2009938 0 0 0 -10910 -2020848 2031681 25061146 -2009938 0 0 1265579 -744359 25805505 129873 3266893 3396766 29202271 23029465 0 0 0 1276489 1276489 21752976 129873 3266893 3396766 25149742 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of split interest agreements SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events Expense $76,324, Cost of Goods Sold $359,248, Rental Expenses $830,007. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $3,266,893. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events Expense $76,324, Cost of Goods Sold $359,248, Rental Expenses $830,007, and change in Value of Split Interest Agreements $10,910. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other adjustments Financial Aid Grants $3,266,893. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Belmont Hill School publishes its racially non-discriminatory policy annually in the Boston Globe in conjunction with the other local independent schools. Sawyer Golf Tournament 187455 152595 34860 0 0 1500 26105 7897 3745 Parents Council Jamboree 44825 0 44825 0 0 7598 21352 900 445 2 8552 1310 7242 0 0 1500 3712 1570 0 240832 153905 86927 0 0 10598 51169 10367 4190 76324 10603 1 Financial aid awards for school year. 122 0 3239321 By need Tuition assistance Tuition discounts for summer programs 281 0 27572 Aid to individuals living in Belmont and by need Tuition discounts SchI_P01_S00_L02 Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return 2. A completed "Parents Financial Statement" provided by the school and the student service for financial aid (SSS). SSS analyzes the "Parents Financial Statement" and makes a recommendation regarding financial need to the school for its consideration. The School makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Melvoin 338134 0 0 0 29668 0 22050 0 65458 0 455310 0 0 Beverly Coughlin 238782 0 0 0 0 0 24050 0 6350 0 269182 0 0 Jay Bounty 186643 0 0 0 16500 0 10375 0 18699 0 232217 0 0 Steven Armstrong 110802 0 0 0 0 0 9336 0 91599 0 211737 0 0 0 Donald Bradley 104298 0 0 0 0 0 11850 0 83112 0 199260 0 0 Deborah Callahan 157897 0 0 0 0 0 13139 0 7490 0 178526 0 0 0 Donald Stewart 167739 0 0 0 0 0 15391 0 5022 0 188152 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Richard I. Melvoin is required to stay on campus to perform his duties as Head of School. Included in Richard I. Melvoin's column D for 2011 is an amount for 5% of the value of his house with utilities totaling $48,000, along with $2960 for housekeeping's charge to clean the house. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the CFO, and key employees, namely the director of development. Mass Development Finance Agency 043431814 57583RKB0 2007-02-28 985000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKC8 2007-02-28 1030000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKD6 2007-02-28 125000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKQ7 2007-02-28 945000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 0 0 988482 72807 0 700968 13930 0 0 200777 0 0 2009 0 1 1 1 0 0 1033641 76133 0 732991 14567 0 0 209950 0 0 2009 0 1 1 1 0 0 125442 9240 0 88955 1768 0 0 25479 0 0 2009 0 1 1 1 0 0 948341 69850 0 672502 13365 0 0 192624 0 0 2009 0 1 1 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mass Development Finance Agency 043431814 57583RKE4 2007-02-28 1120000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKF1 2007-02-28 1185000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKG9 2007-02-28 1235000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKH7 2007-02-28 1290000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 0 0 1123959 82786 0 797039 15839 0 0 228295 0 0 2009 0 1 1 1 0 0 1189189 87590 0 843296 16759 0 0 241544 0 0 2009 0 1 1 1 0 0 1239366 91286 0 878878 17466 0 0 251736 0 0 2009 0 1 1 1 0 0 1294560 95351 0 918018 18244 0 0 262947 0 0 2009 0 1 1 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mass Development Finance Agency 043431814 57583RKJ3 2007-02-28 1350000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKK0 2007-02-28 1420000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKL8 2007-02-28 140000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKS3 2007-02-28 1350000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 0 0 1354773 99787 0 960717 19092 0 0 275177 0 0 2009 0 1 1 1 0 0 1425020 104961 0 1010532 20082 0 0 289445 0 0 2009 0 1 1 1 0 0 140495 10348 0 99630 1980 0 0 28537 0 0 2009 0 1 1 1 0 0 1354773 99787 0 960717 19092 0 0 275177 0 0 2009 0 1 1 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mass Development Finance Agency 043431814 57583RKM6 2007-02-28 400000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKT1 2007-02-28 1170000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKN4 2007-02-28 8960000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 Mass Development Finance Agency 043431814 57583RKP9 2007-02-28 11195000 Renovations and additions and refund Series 1998 and 2001 bonds 0 0 0 0 0 401414 29566 0 284657 5657 0 0 81534 0 0 2009 0 1 1 1 0 0 1174136 86482 0 832621 16546 0 0 238487 0 0 2009 0 1 1 1 0 0 7166676 662287 0 6376313 126716 0 0 1360 0 0 2009 0 1 1 1 0 0 11234577 827489 0 7966833 158324 0 0 2281931 0 0 2009 0 1 1 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0.028 0.02 0.048 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 40000 Appraisal of art work X 7100 Cost of Flowers X 40 442792 FMV on date of gift 0 1 0 F990_P04_S00_L11a Form 990, Part IV, Line 11a Due to the very sensitive, personal and confidential nature of donor information provided on Schedule B, and since Schedule B is not open to public inspection, the organization has made the decision that it will not disclose detailed donor information provided on Schedule B to members of our governing body before filing the final return with the IRS. All other forms and attachments of the return ultimately filed with the IRS are provided to the governing body in advance of filing the return with the IRS. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 John Connors Jr is the father of John Connors III. Both individuals are trustees of the School. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review the form 990 online prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the CFO, and key employees, namely the Director of Development. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 These documents are available to the public on request to the Business Office, Belmont Hill School, Inc. at 350 Prospect Street in Belmont, MA 02478. These documents are also available for public inspection on the website of the Attorney General of the Commonwealth of Massachusetts at http://www.charities.ago.state.ma.us/ and also at Guidestar at http://www2.guidestar.org. F990_P11_S00_L05 Form 990, Part XI, Line 5 Other changes in net assets are the change in split interest agreements ($10,910) and the net unrealized loss on investments ($2,009,938). BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 0 5681344 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 72603 1623411 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 75603 2068195 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 51602 1604542 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774554 Belmont Hill School Inc