2012-02-14T11:41:36-07:00 2011-06-30 990 2010-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty 6179935313 2012-01-06 2010 2016-02-24 21:20:13Z Jay Bounty Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 78108819 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 36 303 300 -293902 -293211 10875181 9966307 16108585 16665664 -1368873 2635421 456358 -106903 26071251 29160489 2923405 3160216 0 0 11726592 12456354 0 5546 1924507 9158172 9245850 23808169 24867966 2263082 4292523 111279313 128497742 39681036 42934976 71598277 85562766 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 18057012 3111742 15507266 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 440 boys with 118 receiving financial aid) 706267 48474 1158398 Educational institutions and related activities: Educated 611 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 651 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 1262 students with 11 children receiving financial aid) 0 0 0 18763279 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 0 0 0 0 0 0 1 82 0 1 303 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 1 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 Richard Melvoin 50.00 X X X 588354 0 104850 Emmett Lyne 1 X 0 0 0 Linda Isner 1 X 0 0 0 Mark Wolpow 1 X 0 0 0 Jay Bounty 50 X X 118466 0 32776 Beverly Coughlin 50 X 240774 0 29145 Steven Armstrong 50 X 152212 0 63392 Deborah Callahan 50 X 109154 0 25293 Donald Bradley 50 X 140302 0 91590 Donald Stewart 40.00 X 117743 0 12793 George Tahan 40.00 X 113580 0 27797 Gary Hall 0 X 111833 0 24836 1692418 0 412472 13 1 1 0 Sodexo Inc and Affiliates Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 856625 Prospect Building Services Corporation Prospect Building Services Corporation 360 Pearl Street Malden MA 02148 Custodial Services 374515 Four Seasons Air Paul Viola 373 S Willow Street 331 Manchester NH 03103 Heat and Ventilation Work 224515 Cape and Island Corporation PO Box 1100 Pocasset MA 02559 Outdoor track and drainage repair 191194 Doug Rancourt Doug Rancourt Electricians 7 Priscilla Road Hopkinton MA 01748 Electrical Services 139368 6 0 0 126410 0 0 9839897 777178 9966307 Tuition and fees 900099 15462806 15462806 0 0 Summer Programs 900099 1158398 1158398 0 0 Student Activities 900099 44460 44460 0 0 0 0 0 0 16665664 558145 0 0 558145 199 0 0 199 0 0 0 0 143201 274448 640800 172033 -497599 102415 -395184 0 -293902 -101282 49570744 198000 47625259 66408 1945485 131592 2077077 0 0 2077077 55112 126410 49051 6061 0 6061 0 0 0 0 0 0 368640 394779 -26139 0 0 -26139 School Bus Transportation 900099 238990 238990 0 0 Programs for parents and alumni 900099 34949 34949 0 0 Insurance Refunds 900099 25602 25602 0 0 8818 8818 0 0 308359 29160489 16974023 -293902 2514061 0 0 3160216 3160216 0 0 0 0 990992 0 725849 265143 0 0 0 0 8537730 6521772 1474917 541041 632790 485457 107427 39906 1598441 1239300 307066 52075 696401 480488 158709 57204 0 0 0 0 45452 0 45452 0 81520 0 81520 0 0 0 0 0 5546 5546 289552 0 289552 0 655532 398107 130523 126902 36666 23234 13432 0 0 0 0 0 329300 195706 111768 21826 0 0 0 0 1642240 1504838 106416 30986 113302 82555 3623 27124 0 0 0 0 38790 21743 10584 6463 1528094 1528094 0 0 0 0 0 0 1800192 1658721 109567 31904 148955 69751 79204 0 Supplies and Equipment 655326 359135 128618 167573 Student Food Services 640647 640647 0 0 Printing and Publications 319222 119197 89427 110598 Entertainment 475626 30311 72996 372319 Miscellaneous 269901 196323 44074 29504 175533 47684 89456 38393 24867966 18763279 4180180 1924507 300 500 6096848 5092782 3846702 3526916 136590 279370 0 0 0 0 0 0 56573 50663 841439 822733 57860242 19279031 36941753 38581211 30613041 25681535 32660075 54376040 0 0 0 0 85992 85992 111279313 128497742 1700502 1873224 0 0 2804625 2903518 32075000 32075000 0 0 0 0 0 5988000 3000000 0 100909 95234 39681036 42934976 X 57380143 70317038 6359395 7542097 7858739 7703631 71598277 85562766 111279313 128497742 X 4292523 9671966 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 41716238 12532488 29183750 0 4521115 1492147 3028968 0 3367217 2810690 556527 0 2976430 2443706 532724 38581211 Bond Proceeds Held by Trustee 2517307 F Limited Partnerships and Alternative Investments 51753733 F Real Estate 105000 F 54376040 0 Unamortized Original Issue Premium Bond 95234 95234 29160489 24867966 4292523 9553562 0 289553 0 118404 9961519 14254042 36389353 9553562 0 0 1125071 10678633 25710720 289553 3160216 3449769 29160489 22424864 0 0 0 1006667 1006667 21418197 289553 3160216 3449769 24867966 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 $49,051, Cost of goods sold $394,779, Rental expenses $812,833, and gain on disposal of fixed asset ($131,592) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other adjustments Financial aid grants $3,160,216 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other adjustments are expenses which were netted out of revenue. Special Events Expense $49,051, Cost of goods sold $394,779, Rental expenses $812,833, Gain on disposal of fixed asset ($131,592), and the Change in value of split interest agreements ($118,404) SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other adjustments Financial aid grants $3,160,216 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 154920 126410 28510 0 3725 24102 2387 0 4070 Parents Council Jamboree 26602 0 26602 0 775 1263 0 4776 7953 0 181522 126410 55112 0 4500 25365 2387 4776 12023 49051 6061 1 Financial aid awards for school year 118 0 3111742 By need Tuition assistance Tuition discounts for summer programs 275 0 48474 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 320750 0 0 0 267604 0 22050 0 66300 0 676704 0 434793 0 Beverly Coughlin 240774 0 0 0 0 0 22604 0 6541 0 269919 0 254210 0 Steven Armstrong 152212 0 0 0 0 0 9150 0 54242 0 215604 0 0 0 Donald Bradley 140302 0 0 0 0 0 10973 0 80617 0 231892 0 189223 0 Jay Bounty 101967 0 0 0 16500 0 5731 0 10545 0 134743 0 0 0 Gary Hall 111833 0 0 0 0 0 13800 0 11036 0 136669 0 269453 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 2010 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_P02_S00_L00 Schedule J, Part II On June 30, 2010, Richard Melvoin became substantially vested and was paid $237,683.20 for amounts earned in a deferred compensation plan subject to 457(f). On the same date, Belmont Hill School made a contribution of $16,500 into Richard Melvoin's 457(b) plan. 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 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 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 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 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 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 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 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 1 0 0 0 0 1 0.024 0.027 0.051 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 7767 Cost of Flowers X 1 400000 Cost of computer equipment X 37 689197 FMV on date of gift 0 1 0 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_L11a Form 990, Part VI, Section B, Line 11a 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. 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. 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 Guide star 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 $118,404 and the net unrealized gains on investments $9,553,562.