2026-02-18T09:27:51-07:00 2025-06-30 990 2024-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2026-02-18 1 2024 2025-03-06 01:10:19Z Jay Bounty 350 Prospect Street 350 Prospect Street Belmont MA 02478 209965182 0 X www.belmonthill.org X 1923 MA Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 36 35 274 300 -299779 0 11241747 10771879 29903305 31403517 12164017 30413324 149372 647765 53458441 73236485 7667601 8595075 0 0 20209674 21048377 0 0 2334170 15229843 16195572 43107118 45839024 10351323 27397461 269529738 296903003 45327363 43880794 224202375 253022209 Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 0 0 34238325 8532421 60721562 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. 512000 62654 748933 Educational institutions and related activities: Educated 830 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school or summer camp. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. 0 0 0 34750325 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 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 1 122 0 274 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 50 0 X X 589538 0 369630 Beverly Couglin Director of Development 50 0 X 402489 0 56594 Jay Bounty Assistant Treasurer CFO and Director of Operations 50 0 X 362793 0 64107 Michael Grant Assistant Head of School 50 0 X 208916 0 167280 Jay Fritz Director of Major and Planned Gifts 50 0 X 199590 0 70811 Donald Bradley Head of Upper School 50 0 X 200787 0 55218 Steve Carr Director of Admissions & Enrollment 50 0 X 155232 0 62110 Lauren Hamilton Director of Middle School 50 0 X 186628 0 21150 Jon Biotti President 1 0 X X 0 0 0 William Achtmeyer Vice President 1 0 X X 0 0 0 Anthony Ryan Treasurer 1 0 X X 0 0 0 Sam Bartlett Trustee 1 0 X 0 0 0 Florence Bourgeois Trustee 1 0 X 0 0 0 Tim Buckley Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 Gretchen Cook-Anderson Trustee 1 0 X 0 0 0 Warren Cross Jr Trustee 1.00 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Groom Dinkneh Trustee 1 0 X 0 0 0 Jeffrey Drucker Trustee 1 0 X 0 0 0 Ronald Druker Trustee 1 0 X 0 0 0 Jean Egan Trustee 1 0 X 0 0 0 Daniel S Farb Trustee 1 0 X 0 0 0 William Forde Trustee 1 0 X 0 0 0 John Grady Jr Trustee 1 0 X 0 0 0 Christopher Hadley Trustee 1 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jason Hurd Trustee 1 0 X 0 0 0 Josh Isner Trustee 1 0 X 0 0 0 Stephen Karp Trustee 1 0 X 0 0 0 Jonathan Kraft Trustee 1 0 X 0 0 0 George Lynch Trustee 1 0 X 0 0 0 Emmet Lyne Trustee 1 0 X 0 0 0 Todd MacLean Trustee 1 0 X 0 0 0 Amy Madden Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Patricia O'Neill Nolan Trustee 1 0 X 0 0 0 Gregory Paul Trustee 1 0 X 0 0 0 Sarah Pelmas Trustee 1 0 X 0 0 0 Taggart Romney Trustee 1 0 X 0 0 0 Jill Shah Trustee 1 0 X 0 0 0 Brian Shortsleeve Trustee 1 0 X 0 0 0 Herbert Wagner Trustee 1 0 X 0 0 0 2305973 0 866900 43 0 1 0 FE French Construction 40 Brighton Street Belmont MA 02478 Construction Services 6934265 Compass Group USA FLIK PO Box 417632 Boston MA 02241 Food Services 2105823 Bedford Charter Services 11 Railroad Avenue Boston MA 01730 Transportation Services 882687 Compass Facility Services 65 Jackman Street Georgetown MA 01833 Custodial Services 656173 Four Seasons Air 373 S Willow St Suite 331 Manchester NH 03103 HVAC Services 480377 9 0 0 247875 0 0 10524004 339950 10771879 Tuition and Fees 900099 30616665 30616665 0 0 Summer Programs 900099 748933 748933 0 0 Student Activities 900099 37919 37919 0 0 0 0 0 0 31403517 1551743 0 -19164 1570907 0 0 0 0 0 0 0 0 456538 0 981500 0 -524962 0 -524962 0 -247945 -277017 164284309 0 135422728 0 28861581 0 28861581 28861581 0 0 28600 219275 61270 -32670 -32670 0 0 0 0 0 0 0 191576 263199 -71623 -71623 0 0 School Bus Transportation 900099 589544 589544 0 0 Program and Parent Alumni 900099 402661 402661 0 0 Insurance Dividends 900099 35254 35254 0 0 249561 249561 0 0 1277020 73236485 61470495 -299779 1293890 0 0 8595075 8595075 0 0 0 0 1459820 0 1015931 443889 0 0 0 0 13397424 9983225 2709175 705024 1143619 905808 179170 58641 3998947 2704350 993952 300645 1048567 711428 258845 78294 0 0 0 0 11222 0 11222 0 95150 0 95150 0 0 0 0 0 0 0 418095 418095 0 0 1870123 1206842 630046 33235 88252 23084 65168 0 1577610 950188 401328 226094 661339 254054 327791 79494 2848810 2845311 3499 0 369758 324925 33455 11378 0 0 0 0 547838 85040 462798 0 936630 936630 0 0 0 0 0 0 2530664 2530664 0 0 556156 97352 458804 0 Student Food Services 1759173 1759173 0 0 Entertainment 616809 161130 209126 246553 Printing 373154 87155 198840 87159 Postage 237788 111251 104282 22255 697001 59545 595947 41509 45839024 34750325 8754529 2334170 1000 1000 22502394 17499249 7159402 6948310 748027 1086668 0 0 0 0 0 0 0 0 1212295 1495559 124596953 48926385 67170394 75670568 38052365 33324063 132503875 160697600 0 0 0 0 179986 179986 269529738 296903003 4734340 3280178 4222681 4220212 36370342 36380404 0 0 0 0 0 0 45327363 43880794 X 189859605 214600899 34342770 38421310 224202375 253022209 269529738 296903003 X 27397461 1303312 0 0 0 119061 X 0 1 X 1 0 X 11578059 12286440 11957701 11241747 10771879 57835826 25505594 26854298 28291885 30852776 32872113 144376666 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37083653 39140738 40249586 42094523 43643992 202212492 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 202212492 384405 199569 891011 1728086 1551743 4754814 -442664 60724 -197853 -319120 -267945 -1166858 -58259 260293 693158 1408966 1283798 3587956 0 0 0 0 0 0 0 0 0 0 0 0 37025394 39401031 40942744 43503489 44927790 205800448 0.98257 0.98756 0.01743 0.01244 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171687749 2462389 30550237 0 10737057 0 193963318 147252572 7486265 26040635 0 9091723 0 171687749 133310912 4993604 21371144 0 12423088 0 147252572 162560539 2486390 -26179562 0 5556455 0 133310912 126814721 2675250 38585956 0 5515388 0 162560539 0.844 0.12 0.036 0 0 9792841 0 9792841 78846435 0 35075684 43770751 8685316 0 5391367 3293949 9121930 0 8459334 662596 18150431 0 0 18150431 75670568 0 0 Limited Partnerships and Alternative Investments 160576400 F Real Estate 121200 F 160697600 0 0 X 66951657 1303312 0 0 1425030 2728342 64223315 418095 8595075 9013170 73236485 38131823 0 0 0 1305969 1305969 36825854 418095 8595075 9013170 45839024 Schedule D, Part I, Line 2 The School accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The School has identified its tax status as a tax-exempt entity as a tax position; however, the School has determined that such tax position does not result in an uncertainty requiring recognition. The School is not currently under examination by any taxing jurisdiction. The School's Federal and state tax returns are generally open for examination for three years following the date filed. 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. Schedule D, Part X, Line 2 The School accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The School has identified its tax status as a tax-exempt entity as a tax position; however, the School has determined that such tax position does not result in an uncertainty requiring recognition. The School is not currently under examination by any taxing jurisdiction. The School's Federal and state tax returns are generally open for examination for three years following the date filed. Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 61,270, Cost of goods sold $ 263,199, Rental expenses $ 981,500 and the Change in the Value of Split Interest Agreements $119,061. Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 8,595,075. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $61,270, Cost of goods sold $263,199, Rental expenses $981,500. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $8,595,075. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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 247875 219275 28600 0 0 2500 32177 0 26593 0 0 247875 219275 28600 0 0 2500 32177 0 26593 61270 -32670 1 Financial Aid for the school year. 152 8532421 0 Determined by need Tuition aid and discounts for Summer Program recipients 229 62654 0 Tuition discouns 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" then 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 0 0 0 0 0 0 0 0 0 Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 460193 0 98015 0 31330 0 31050 0 338580 0 959168 0 0 0 Beverly Couglin Director of Development 401074 0 1415 0 0 0 41400 0 15194 0 459083 0 0 0 Jay Bounty Assistant Treasurer CFO and Director of Operations 337298 0 1415 0 24080 0 34500 0 29607 0 426900 0 0 0 Michael Grant Assistant Head of School 194018 0 1398 0 13500 0 24600 0 142680 0 376196 0 0 0 Donald Bradley Head of Upper School 186349 0 1398 0 13040 0 23310 0 31908 0 256005 0 0 0 Jay Fritz Director of Major and Planned Gifts 197893 0 1398 0 300 0 25080 0 45730 0 270401 0 0 0 Lauren Hamilton Director of Middle School 176250 0 1398 0 8980 0 21150 0 0 0 207778 0 0 0 Steve Carr Director of Admissions & Enrollment 153691 0 1541 0 0 0 16475 0 45635 0 217342 0 0 0 Schedule J, Part I, Line 1a Gregory J. Schneider is required to stay on campus to perform his duties as Head of School. Included in Gregory J Schneider's column D for 2024 is the rental value of his house plus utilities totaling $120,000 along with $23,850 for housekeeping's charge to clean the house. A Massachusetts Development Finance Agency 043431814 000000000 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 B Massachesetts Development Finance Agency 043431814 000000000 2017-10-02 29132000 Refund of Series A 2012 taxable bonds 0 0 0 A 0 0 7423000 0 0 0 42858 0 0 0 0 0 0 1 1 1 B 0 0 29132000 0 0 0 186677 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.0285 0.0167 0.0452 0 0 1 B 0 0 0 0 0.0285 0.0167 0.0452 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency The proceeds were used to advance refund a portion of the School's Series 2007 bonds. By verification report dated August 9, 2012 issued by Causey Demkin & Moore P.C., the yield on the Series 2012B bonds is in excess of the yield of the U.S. Treasury Securities held in escrow to pay the department service requirement of the Series 2007 bonds. Accordingly, the Series 2012B bond is not an "arbitrage bond" under Section 148 of the Internal Revenue Code of 1986, as amended. Schedule K, Part IV, Line 2c-10/02/2017 29,132,000 Massachesetts Development Finance Agency Rebate computation not performed because bond issue qualified for 6 month exception to rebate under section 148(f)(4)(B) of the Internal Revenue Service Code of 1986, as amended. X 24 670103 FMV on date of gift X Change in Pledges 1 330153 NPV of Pledges 0 1 0 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. 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. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it mees in executive session to consider compensation for the Head of School. Ths 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 officeers and key emplyees, namely the Assistant Treasurer/CFO and Director of Operations and the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public on request the 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 Form 990, Part XI, Line 9 Changes in split interest. BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 186000 243196 Belmont Hill School Inc 31 Marsh Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 001541208 Real Estate MA 0 2057174 Belmont Hill School Inc 130 Marsh Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 Real Estate MA 0 2999752 Belmont Hill School Inc An extension was filed.