ROXBURY LATIN SCHOOL INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ROXBURY LATIN SCHOOL INC (EIN 04-2104857)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201201369349302135
- Schema version
- 2010v3.4
- 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 J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T09:44:43-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAHN LITWIN RENZA & CO LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 SOUTH STREET SUITE 300 | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 02453 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104857 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ROXBURY LATIN SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ROXB | NameControl |
| Phone | 6173254920 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 ST THERESA AVENUE | AddressLine1 |
| City | WEST ROXBURY | City |
| State | MA | State |
| ZIP Code | 02132 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KERRY P BRENNAN | Name |
| Title | HEADMASTER | Title |
| Phone | 6173254920 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MEYER H LEVY | Name |
| Phone | 7815478800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KERRY P BRENNAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 ST THERESA AVENUE | AddressLine1 |
| City | WEST ROXBURY | City |
| State | MA | State |
| ZIP Code | 02132 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 52605951 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ROXBURYLATIN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1645 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4014135 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12615363 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4224140 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4360000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4204898 | InvestmentIncomePriorYear |
| Investment Income Current Year | 10527265 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 132965 | OtherRevenuePriorYear |
| Other Revenue Current Year | 309306 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12576138 | TotalRevenuePriorYear |
| Total Revenue Current Year | 27811934 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7129775 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7251657 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 362582 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4161771 | OtherExpensePriorYear |
| Other Expenses Current Year | 4490879 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11291546 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11742536 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1284592 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 16069398 | RevenuesLessExpensesCY |
| Total Assets BOY | 154161411 | TotalAssetsBOY |
| Total Assets EOY | 177777287 | TotalAssetsEOY |
| Total Liabilities BOY | 3464345 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3761987 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 150697066 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 174015300 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 10517561 | Expense |
| Revenue | 4360000 | Revenue |
| Description | TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12. | Description |
| Total Program Service Expense | 10517561 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 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 | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | 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 | 35 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 67 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARY HALL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6173254920 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 ST THERESA AVENUE | AddressLine1 |
| City | WEST ROXBURY | City |
| State | MA | State |
| ZIP Code | 02132 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DENNIS ROY KANIN | ||||||||
| PRESIDENT/TRUSTEE | 2.00 | X | X | 0 | 0 | 0 | ||
| PAUL J MASSEY JR | ||||||||
| SECRETARY/TRUSTEE | 2.00 | X | X | 0 | 0 | 0 | ||
| NANCY SWEGLER ANTHONY | ||||||||
| VICE PRESIDENT/TRUSTEE | 2.00 | X | X | 0 | 0 | 0 | ||
| PAUL MATTHEW SPINALE | ||||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | ||
| WILLIAM A OATES JR | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM P COLLATOS | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT J O'CONNOR JR | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| REV PROF PETER GOMES | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| DR RAMON F MARTIN | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| PROF HARRY R LEWIS | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM B O'KEEFFE | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| STANLEY J BERNSTEIN | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| DAVID W MANZO | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| HON SANDRA HAMLIN | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| VANCE WILSON | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT PINKHAM | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| ANNE CRAIGE MCNAY | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| BRUCE R EVANS | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| ETHAN M BERMAN | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| PHILIP AS M APHONSE | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT MCGOVERN BROGGI | ||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |||
| KERRY BRENNAN REGULAR SALARY | ||||||||
| HEADMASTER | 50.00 | X | 241951 | 0 | 0 | |||
| KERRY BRENNAN BENEFITS | ||||||||
| HEADMASTER | 50.00 | X | 0 | 0 | 31787 | |||
| KERRY BRENNAN VESTED DEF COMP | ||||||||
| HEADMASTER | 50.00 | X | 228979 | 0 | 0 | |||
| KERRY BRENNAN REQUIRED HOUSING | ||||||||
| HEADMASTER | 50.00 | X | 0 | 0 | 49300 | |||
| EDWARD ELLISON | ||||||||
| DIR OF FINANCE & OPS | 50.00 | X | 144683 | 0 | 20069 | |||
| PHILIP THORNTON | ||||||||
| DIR OF DEVELOPMENT | 50.00 | 172790 | 0 | 30761 | X | |||
| MICHAEL POJMAN | ||||||||
| ASST HEADMASTER | 50.00 | 141803 | 0 | 20988 | X | |||
| PAUL SUGG JR | ||||||||
| DEAN OF STUDENTS | 50.00 | 112371 | 0 | 27245 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1042577 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 180150 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FA WILLIAMS INC | |||||
| 12 BRIGHTON STREET | BELMONT | MA | 02478 | PLUMBING/HEATING | 840867 |
| HERITAGE RESTORATION | |||||
| PO BOX 478 | ROCKLAND | MA | 02370 | MASONRY | 262908 |
| CAMBRIDGE ASSOCIATES LLC | |||||
| PO BOX 83232 | CHICAGO | IL | 60691 | INVESTMENT MANAGEMENT | 156259 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 12615363 | AllOtherContributions |
| Noncash Contributions | 715614 | NoncashContributions |
| Total Contributions | 12615363 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 4360000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4360000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4360000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1700321 | TotalRevenueColumn |
| Exclusion | $1,700,321 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33620961 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24794017 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8826944 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8826944 | TotalRevenueColumn |
| Exclusion | $8,826,944 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 309306 | TotalRevenueColumn |
| Exclusion | $309,306 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 309306 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27811934 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4360000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $10,836,571 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1061833 | Total |
| Program Services | 902558 | ProgramServices |
| Management And General | 106183 | ManagementAndGeneral |
| Fundraising | 53092 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4751623 | Total |
| Program Services | 4038880 | ProgramServices |
| Management And General | 475162 | ManagementAndGeneral |
| Fundraising | 237581 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 452217 | Total |
| Program Services | 384384 | ProgramServices |
| Management And General | 45222 | ManagementAndGeneral |
| Fundraising | 22611 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 577014 | Total |
| Program Services | 490462 | ProgramServices |
| Management And General | 57702 | ManagementAndGeneral |
| Fundraising | 28850 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 408970 | Total |
| Program Services | 347625 | ProgramServices |
| Management And General | 40897 | ManagementAndGeneral |
| Fundraising | 20448 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40837 | Total |
| Management And General | 40837 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28750 | Total |
| Management And General | 28750 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66500 | Total |
| Management And General | 66500 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57220 | Total |
| Program Services | 57220 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 794725 | Total |
| Program Services | 794725 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1655903 | Total |
| Program Services | 1655903 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 196603 | Total |
| Program Services | 196603 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| FOOD SERVICE | 369229 | 369229 |
| EXTERNAL AFFAIRS | 288625 | 288625 |
| INSTRUCTIONAL EXPENSE | 274704 | 274704 |
| SCHOOL FUNCTIONS | 193017 | 193017 |
| ATHLETICS | 154698 | 154698 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370068 | Total |
| Program Services | 368928 | ProgramServices |
| Management And General | 1140 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11742536 | Total |
| Program Services | 10517561 | ProgramServices |
| Management And General | 862393 | ManagementAndGeneral |
| Fundraising | 362582 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 723234 | BOY |
| EOY | 1884065 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2077348 | BOY |
| EOY | 10040423 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124069 | BOY |
| EOY | 218797 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131048 | BOY |
| EOY | 131048 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18399 | BOY |
| EOY | 5722 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131935 | BOY |
| EOY | 117290 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 64568666 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15854339 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48751126 | BOY |
| EOY | 48714327 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101525772 | BOY |
| EOY | 115987135 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 678480 | BOY |
| EOY | 678480 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154161411 | BOY |
| EOY | 177777287 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1264742 | BOY |
| EOY | 1134827 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 519942 | BOY |
| EOY | 538511 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1679661 | BOY |
| EOY | 2088649 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3464345 | BOY |
| EOY | 3761987 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46198188 | BOY |
| EOY | 47521515 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48244619 | BOY |
| EOY | 64632495 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56254259 | BOY |
| EOY | 61861290 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150697066 | BOY |
| EOY | 174015300 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154161411 | BOY |
| EOY | 177777287 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 16069398 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7248836 | 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 100309618 | BeginningOfYearBalance |
| Contributions | 5205258 | Contributions |
| Investment Earnings Or Losses | 17527628 | InvestmentEarningsOrLosses |
| Other Expenditures | 5096526 | OtherExpenditures |
| End Of Year Balance | 117945978 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 93266734 | BeginningOfYearBalance |
| Contributions | 1135764 | Contributions |
| Investment Earnings Or Losses | 12059524 | InvestmentEarningsOrLosses |
| Other Expenditures | 6152404 | OtherExpenditures |
| End Of Year Balance | 100309618 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 165035614 | BeginningOfYearBalance |
| Contributions | 521832 | Contributions |
| Investment Earnings Or Losses | -34192364 | InvestmentEarningsOrLosses |
| Other Expenditures | -38098348 | OtherExpenditures |
| End Of Year Balance | 93266734 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01740 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.52390 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.45870 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22246886 | OtherCostOrOtherBasis |
| Book Value | 22246886 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 37194367 | OtherCostOrOtherBasis |
| Depreciation | 11490515 | Depreciation |
| Book Value | 25703852 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5127413 | OtherCostOrOtherBasis |
| Depreciation | 4363824 | Depreciation |
| Book Value | 763589 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 48714327 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH | 267368 | F |
| PRIVATE EQUITY FUNDS | 33720788 | F |
| EQUITY SECURITIES | 10459359 | F |
| INTEREST & DIVIDEND RECEIVABLE | 14272 | F |
| MUTUAL FUNDS | 55706422 | F |
| LAND HELD FOR INVESTMENT | 7722182 | C |
| INVESTMENTS HELD BY THIRD PARTY TRUST | 235305 | F |
| MONEY MARKET | 7861439 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 115987135 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND OTHER DEPOSITS | Description |
| Amount | $2,088,649 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2088649 | TotalOfAmounts |
| Total Revenue | 27811934 | TotalRevenue |
| Total Expenses | 11742536 | TotalExpenses |
| Excess Or Deficit For Year | 16069398 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 7248836 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 7248836 | TotalAdjustments |
| Excess Or Deficit Per FS | 23318234 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 35060770 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 7248836 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 7248836 | RevenueNotRptdF990 |
| Revenue Subtotal | 27811934 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 27811934 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11742536 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11742536 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 11742536 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | TO CARRY OUT THE SCHOOL'S EDUCATIONAL PURPOSES. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE SCHOOL IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE SCHOOL ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE SCHOOL CURRENTLY HAS NO TAX EXAMINATION IN PROGRESS. |
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 | PUBLISHED IN NEWSPAPER ADVERTISEMENTS, JOB FAIRS, AND MEMBERSHIP ASSOCIATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| 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 (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KERRY BRENNAN REGULAR SALARY | |||||||||||||
| 241951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241951 | 0 | 0 | 0 |
| KERRY BRENNAN BENEFITS | |||||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 7287 | 0 | 31787 | 0 | 0 | 0 |
| KERRY BRENNAN VESTED DEF COMP | |||||||||||||
| 0 | 0 | 0 | 0 | 228979 | 0 | 0 | 0 | 0 | 0 | 228979 | 0 | 0 | 0 |
| KERRY BRENNAN REQUIRED HOUSING | |||||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49300 | 0 | 49300 | 0 | 0 | 0 |
| EDWARD ELLISON | |||||||||||||
| 144683 | 0 | 0 | 0 | 0 | 0 | 14400 | 0 | 5669 | 0 | 164752 | 0 | 0 | 0 |
| PHILIP THORNTON | |||||||||||||
| 172790 | 0 | 0 | 0 | 0 | 0 | 19000 | 0 | 11761 | 0 | 203551 | 0 | 0 | 0 |
| MICHAEL POJMAN | |||||||||||||
| 141803 | 0 | 0 | 0 | 0 | 0 | 14400 | 0 | 6588 | 0 | 162791 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | COLUMN (B)-III INCLUDES A ONE-TIME VESTING OF DEFERRED COMPENSATION. COLUMN (D) 1 (II) SCHOOL PROVIDED HOUSING REQUIRED AS A CONDITION OF EMPLOYMENT. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | EDWARD ELLISON | NameOfInterestedPerson |
| Relationship With Organization | DIRECTOR OF FINANCE | RelationshipWithOrganization |
| Amount Of Grant | 10000 | AmountOfGrant |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLIAM A OATES JR | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE AND FORMER TREASURER | Relationship |
| Amount Of Transaction | 86000 | AmountOfTransaction |
| Description Of Transaction | INV MNGMT | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 489 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 712225 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | 2 AEDS | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2900 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | 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 (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS AND CHARTER, EFFECTIVE AFTER THE LAST MEETING OF ITS BOARD IN FISCAL YEAR 2011. THE AMENDED CHARTER AND BYLAWS PHASED OUT EXISTING CLASSES OF MEMBERS OF THE BOARD AND ESTABLISHED TWO NEW CLASSES, CONSISTING OF SIX-YEAR TERMS AND TWELVE-YEAR TERMS. THE NUMBER OF BOARD MEMBERS WAS INCREASED FROM TWENTY TO TWENTY-FOUR, SIX OF WHOM SERVE TWELVE-YEAR TERMS AND A SIMPLE MAJORITY OF WHOM ARE ALUMNI OF THE SCHOOL. THE AMENDMENTS ALSO MODERNIZED A NUMBER OF PROVISIONS IN THE BYLAWS, INCLUDING INCREASING THE NUMBER OF TRUSTEES REQUIRED TO CONSTITUTE A QUORUM, REQUIRING SUPERMAJORITIES TO APPROVE CERTAIN ACTIONS, UPDATING THE DESCRIPTION OF DUTIES OF OFFICERS, MANDATING CERTAIN EXISTING STANDING COMMITTEES, INCLUDING THE AUDIT COMMITTEE, AND CLARIFYING THE SCOPE OF STANDING COMMITTEE FUNCTIONS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. IT IS THEN REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD. REVISIONS ARE MADE AS NECESSARY. A COPY IS PROVIDED TO ALL BOARD MEMBERS AND A REVIEW IS CONDUCTED AT A BOARD OF TRUSTEES MEETING PRIOR TO FILING WITH THE IRS. | |
| EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A CONFLICTS DISCLOSURE STATEMENT. CONFLICTS ARE EVALUATED BY THE CONFLICTS COMMITTEE OF THE BOARD. WHERE NECESSARY, A BOARD VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| ANNUALLY A COMPENSATION COMMITTEE COMPOSED OF BOARD MEMBERS CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE HEADMASTER. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THE PROCESS INCLUDES A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM SALARY SURVEY INFORMATION PREPARED BY AN INDUSTRY GROUP. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED BY THE HEADMASTER AND IS AVAILABLE FOR REVIEW BY THE BOARD. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE AT THE OFFICE OF THE SECRETARY OF STATE OF THE COMMONWEALTH OF MASSACHUSETTS. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE ATTACHED TO MASSACHUSETTS FORM PC FILED EVERY YEAR WITH ATTORNEY GENERAL OF THE COMMONWEALTH OF MASSACHUSETTS AND ARE AVAILABLE FOR PUBLIC INSPECTION AT THAT OFFICE. THE ORGANIZATION DOES NOT MAKE ITS BY-LAWS OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 7,248,836. | FORM 990, PART XI, LINE 5: |