SHADY HILL SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SHADY HILL SCHOOL (EIN 04-2103628)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-14
- IRS object ID
- 201243199349302954
- Schema version
- 2011v1.2
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T11:37:55-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263753134 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ TOFIAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 EXCHANGE TERRACE | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103628 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHADY HILL SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHAD | NameControl |
| Phone | 6175205216 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 178 COOLIDGE HILL | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH REID | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 6175205216 | Phone |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN T WILMOT | Name |
| PTIN | P00095129 | PTIN |
| Phone | 4016263200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARK STANEK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 178 COOLIDGE HILL | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21733899 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SHS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1915 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | SHADY HILL SCHOOL IS A PRIVATE, PRE-K THROUGH GRADE 8, CO-EDUCATIONAL DAY SCHOOL LOCATED ON 11 ACRES IN CAMBRIDGE, MASSACHUSETTS. THE CAMPUS CONTAINS ACADEMIC, ATHLETIC AND ADMINISTRATION BUILDINGS INCLUDING A NEW ARTS COMPLEX AND GYMNASIUMS IN ADDITION TO PLAYGROUNDS AND PLAYING FIELDS. TOTAL ENROLLMENT IS APPROXIMATELY 520 STUDENTS.SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE.THE SCHOOL KNOWS AND HONORS THE INDIVIDUAL CHARACTER AND SPIRIT OF EACH CHILD, RESPECTS THE PACE OF CHILDHOOD AND UNDERSTANDS THAT TRUE EXPLORATION TAKES TIME CREATES A SAFE ENVIRONMENT THAT ALLOWS CHILDREN TO BE CURIOUS, TAKE RISKS, AND MAKE MISTAKES CHALLENGES PREJUDICE AND RESPECTS DIFFERENCES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 270 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 160045 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1689080 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1535756 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 14582976 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15504510 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 71180 | InvestmentIncomePriorYear |
| Investment Income Current Year | 108429 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 283404 | OtherRevenuePriorYear |
| Other Revenue Current Year | 415618 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16626640 | TotalRevenuePriorYear |
| Total Revenue Current Year | 17564313 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1863396 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1877938 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8902736 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9725097 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 16013 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 5320 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 787228 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6014112 | OtherExpensePriorYear |
| Other Expenses Current Year | 6853639 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16796257 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18461994 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -169617 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -897681 | RevenuesLessExpensesCY |
| Total Assets BOY | 93142227 | TotalAssetsBOY |
| Total Assets EOY | 89383677 | TotalAssetsEOY |
| Total Liabilities BOY | 34655903 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32553391 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 58486324 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 56830286 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE MISSION STATEMENT ON SCHEDULE O. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13988759 | Expense |
| Grants | 1534892 | Grants |
| Revenue | 14604387 | Revenue |
| Description | INSTRUCTIONAL - SHADY HILL SCHOOL WANTS CHILDREN TO BE JOYFUL, ACTIVE LEARNERS WHO DEVELOP THE INTELLECTUAL DISCIPLINE NECESSARY TO BECOME CONTRIBUTING, ETHICAL CITIZENS. TO ACCOMPLISH THESE ENDS, WE BELIEVE IN THE PRIMACY OF EXPLORATION AND DISCOVERY, WE ADVANCE THE MASTERY OF SKILLS, AND WE HELP STUDENTS SHAPE MEANING FROM KNOWLEDGE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 360930 | Expense |
| Grants | 296946 | Grants |
| Revenue | 738335 | Revenue |
| Description | AFTER SCHOOL PROGRAM - THE GOAL OF THIS PROGRAM IS TO PROVIDE A RELAXED, SAFE, NURTURING, AND DYNAMIC NEIGHBORHOOD SETTING FOR CHILDREN ONCE THEIR DAY ENDS. WE AIM TO PROVIDE A STIMULATING AND FUN ENVIRONMENT IN WHICH CHILDREN CAN EXPLORE THEIR OWN UNIQUE IMAGINATIONS, DEVELOP FRIENDSHIPS AND TEST THEIR ABILITIES. THE PROGRAM IS PLANNED WITH THE FLEXIBILITY TO MAKE ROOM FOR CHILDREN TO INITIATE AND INVENT THEIR OWN GAMES AND PROJECTS. ADDITIONALLY, WE OFFER A QUIET AND SUPPORTIVE SPACE FOR STUDENTS TO WORK ON THEIR HOMEWORK. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 324044 | Expense |
| Grants | 46100 | Grants |
| Revenue | 172100 | Revenue |
| Description | TEACHER TRAINING COURSE (TTC)- THIS COURSE PROVIDES ASPIRING TEACHERS WITH WELL-GUIDED EXPERIENCES IN PRE-K THROUGH EIGHTH GRADE CLASSROOMS WHERE PRACTICE MERGED WITH THEORY IS PARAMOUNT. IMMERSION IN THE CLASSROOM WHILE STUDYING AND WORKING ALONGSIDE A TALENTED MENTOR IS THE BEST WAY TO LEARN HOW TO TEACH. IN THIS ONE-YEAR, SITE-BASED PREPARATION PROGRAM, APPRENTICE TEACHERS DISCOVER WHAT TEACHING IS ALL ABOUT THROUGH OBSERVATION, SUPERVISED TEACHING, WORKSHOPS, SEMINARS, AND CONTINUOUS INVOLVEMENT IN THE LIFE OF THE SCHOOL. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 14673733 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 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 | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 51 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 270 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH REID | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6175205216 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 178 COOLIDGE HILL | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| GEORGE LANGDON | |||||||
| TRUSTEE; GRADE VII GRADEHEAD | 50.00 | X | 75368 | 0 | 22477 | ||
| JEANNE MCDERMOTT | |||||||
| TRUSTEE; SCIENCE TEACHER | 50.00 | X | 46939 | 0 | 23230 | ||
| JINANE ABOUNADI | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN AVERY | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| VENKAT VENKATRAMAN | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| RORY MORTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SARAH LAZARUS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CAROLINE ERISMAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID ALTSHULER | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| PAM DICKINSON | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JEANNE FITZGIBBON | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| ALYSSA HAYWOODE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SHARON TOFFLER-TOULOTTE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ALEX MOOT | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| JAMES HOUGHTON | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| KARL SIMS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HYUN-A PARK FRIIS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN WILSON | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| LENORE GESSNER TRAVIS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SUE HALLOWELL | |||||||
| PRESIDENT | 10.00 | X | 0 | 0 | 0 | X | |
| MARK STANEK | |||||||
| TRUSTEE; DIRECTOR OF SCHOOL | 50.00 | X | 307248 | 0 | 69683 | X | |
| CHARLES LONGFIELD | |||||||
| TREASURER; CHAIR, FIN. COM | 5.00 | X | 0 | 0 | 0 | X | |
| NIMA ESHGHI | |||||||
| CLERK | 5.00 | X | 750 | 0 | 0 | X | |
| ELIZABETH REID | |||||||
| CHIEF FINANCIAL OFFICER | 50.00 | 175438 | 0 | 20635 | X | ||
| ALLISON WEBSTER | |||||||
| ASST. HEAD OF SCHOOL | 50.00 | 121838 | 0 | 6593 | X | ||
| CYNTHIA DOBE | |||||||
| CHIEF INFO OFFICER | 50.00 | 101658 | 0 | 13703 | X | ||
| KIMBERLY KUBIK | |||||||
| DIRECTOR OF ADVANCEMENT | 50.00 | 120319 | 0 | 11507 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 949558 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 167828 | 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 |
|---|---|---|---|---|---|
| LOCAL MOTION OF BOSTON | |||||
| 66B ROCSAM PARK ROAD | BRAINTREE | MA | 02184 | TRANSPORTATION SERVICES | 269964 |
| CAMBRIDGE ASSOCIATES LLC | |||||
| PO BOX 10317 | UNIONDALE | NY | 11555 | INVESTMENT ADVISORS | 124766 |
| GE CAPITAL | |||||
| PO BOX 64200 | PITTSBURGH | PA | 152642000 | COMPUTER LESSOR | 124258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 1535756 | AllOtherContributions |
| Noncash Contributions | 38475 | NoncashContributions |
| Total Contributions | 1535756 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 14594075 | 14594075 |
| AFTER SCHOOL PROGRAM | 900099 | 738335 | 738335 |
| OTHER PROGRAMS | 900099 | 172100 | 172100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15504510 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 160716 | TotalRevenueColumn |
| Exclusion | $160,716 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 147305 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 55945 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 91360 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 91360 | TotalRevenueColumn |
| Exclusion | $91,360 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4020876 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4073163 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -52287 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -52287 | TotalRevenueColumn |
| Exclusion | -$52,287 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 199535 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 40478 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 159057 | TotalRevenueColumn |
| Exclusion | $159,057 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| UBIT INVESTMENT INCOME | 900099 | 160045 | 160045 | |
| MISCELLANEOUS INCOME | 523000 | 5156 | 5156 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 165201 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17564313 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15509666 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 160045 | UnrelatedBusinessRevenue |
| Exclusion | $358,846 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1877938 | Total |
| Program Services | 1877938 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 724681 | Total |
| Program Services | 279504 | ProgramServices |
| Management And General | 377019 | ManagementAndGeneral |
| Fundraising | 68158 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7279685 | Total |
| Program Services | 5986673 | ProgramServices |
| Management And General | 889363 | ManagementAndGeneral |
| Fundraising | 403649 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385729 | Total |
| Program Services | 302482 | ProgramServices |
| Management And General | 65407 | ManagementAndGeneral |
| Fundraising | 17840 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 677257 | Total |
| Program Services | 585043 | ProgramServices |
| Management And General | 41761 | ManagementAndGeneral |
| Fundraising | 50453 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 657745 | Total |
| Program Services | 494505 | ProgramServices |
| Management And General | 130254 | ManagementAndGeneral |
| Fundraising | 32986 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83733 | Total |
| Management And General | 83733 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79030 | Total |
| Management And General | 79030 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5320 | Total |
| Fundraising | 5320 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 322694 | Total |
| Management And General | 322694 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16501 | Total |
| Management And General | 16501 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5156 | Total |
| Program Services | 5156 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1834237 | Total |
| Program Services | 1202564 | ProgramServices |
| Management And General | 484427 | ManagementAndGeneral |
| Fundraising | 147246 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485348 | Total |
| Program Services | 469391 | ProgramServices |
| Fundraising | 15957 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1114555 | Total |
| Program Services | 917279 | ProgramServices |
| Management And General | 189505 | ManagementAndGeneral |
| Fundraising | 7771 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 986 | Total |
| Program Services | 986 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 692529 | Total |
| Program Services | 692529 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1538688 | Total |
| Program Services | 1266340 | ProgramServices |
| Management And General | 261577 | ManagementAndGeneral |
| Fundraising | 10771 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90182 | Total |
| Program Services | 74220 | ProgramServices |
| Management And General | 15304 | ManagementAndGeneral |
| Fundraising | 658 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BOND EXPENSE | 221460 | 221460 | ||
| LUNCHROOM | 105982 | 105612 | 370 | 0 |
| MISCELLANEOUS EXPENSES | 95196 | 79119 | 7169 | 8908 |
| FACULTY DEVELOPMENT | 72152 | 72117 | 35 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95210 | Total |
| Program Services | 40815 | ProgramServices |
| Management And General | 36919 | ManagementAndGeneral |
| Fundraising | 17476 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18461994 | Total |
| Program Services | 14673733 | ProgramServices |
| Management And General | 3001033 | ManagementAndGeneral |
| Fundraising | 787228 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 400 | BOY |
| EOY | 400 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18900735 | BOY |
| EOY | 6894672 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1678939 | BOY |
| EOY | 1165223 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68672 | BOY |
| EOY | 85662 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 818130 | BOY |
| EOY | 917863 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 48580552 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10179132 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38571472 | BOY |
| EOY | 38401420 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1168897 | BOY |
| EOY | 880458 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31934982 | BOY |
| EOY | 41037979 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93142227 | BOY |
| EOY | 89383677 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1492070 | BOY |
| EOY | 1195655 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 936207 | BOY |
| EOY | 1266331 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29800000 | BOY |
| EOY | 25900000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2427626 | BOY |
| EOY | 4191405 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34655903 | BOY |
| EOY | 32553391 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49039334 | BOY |
| EOY | 48104873 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6009600 | BOY |
| EOY | 5202483 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3437390 | BOY |
| EOY | 3522930 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58486324 | BOY |
| EOY | 56830286 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93142227 | BOY |
| EOY | 89383677 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -897681 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -758357 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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 | 43234701 | BeginningOfYearBalance |
| Contributions | 156075 | Contributions |
| Investment Earnings Or Losses | 538390 | InvestmentEarningsOrLosses |
| Other Expenditures | 2023051 | OtherExpenditures |
| End Of Year Balance | 41906115 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40707115 | BeginningOfYearBalance |
| Contributions | 402034 | Contributions |
| Investment Earnings Or Losses | 4208382 | InvestmentEarningsOrLosses |
| Other Expenditures | 2082830 | OtherExpenditures |
| End Of Year Balance | 43234701 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38434020 | BeginningOfYearBalance |
| Contributions | 709836 | Contributions |
| Investment Earnings Or Losses | 3745616 | InvestmentEarningsOrLosses |
| Other Expenditures | 2182357 | OtherExpenditures |
| End Of Year Balance | 40707115 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 46669667 | BeginningOfYearBalance |
| Contributions | 87775 | Contributions |
| Investment Earnings Or Losses | -6324917 | InvestmentEarningsOrLosses |
| Other Expenditures | 1998505 | OtherExpenditures |
| End Of Year Balance | 38434020 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.82050 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.08380 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09570 | 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 | 57698 | OtherCostOrOtherBasis |
| Book Value | 57698 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 45289823 | OtherCostOrOtherBasis |
| Depreciation | 8990107 | Depreciation |
| Book Value | 36299716 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1766029 | OtherCostOrOtherBasis |
| Depreciation | 947026 | Depreciation |
| Book Value | 819003 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1467002 | OtherCostOrOtherBasis |
| Depreciation | 241999 | Depreciation |
| Book Value | 1225003 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 38401420 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NON PUBLICALLY TRADED INVESTMENT FUNDS | 39470320 | F |
| OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE | 1567659 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 41037979 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PROVISION FOR UNEMP COMP | $56,008 |
| DEFERRED RENTAL INCOME | $801,101 |
| INTEREST RATE SWAP | $3,214,542 |
| EQUIPMENT LEASE LIABILITY | $119,754 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4191405 | TotalOfAmounts |
| Total Revenue | 17564313 | TotalRevenue |
| Total Expenses | 18461994 | TotalExpenses |
| Excess Or Deficit For Year | -897681 | ExcessOrDeficitForYear |
| Other | -$758,357 | OtherAmount |
| Total Adjustments | -758357 | TotalAdjustments |
| Excess Or Deficit Per FS | -1656038 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 14988800 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 603406 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 66654 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -1782622 | OtherRevenues |
| Revenue Not Rptd F990 | -1112562 | RevenueNotRptdF990 |
| Revenue Subtotal | 16101362 | RevenueSubtotal |
| Other Revenues Not Included | 1462951 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1462951 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 17564313 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 16644838 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 66654 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 8114 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 74768 | ExpensesNotRptdF990 |
| Expenses Subtotal | 16570070 | ExpensesSubtotal |
| Other Expenses Not Included | 1891924 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1891924 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18461994 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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 IT'S ONLY SIGNIFICANT 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. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED GAIN/LOSS ON ENDOWMENT 603,406. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,361,763. TOTAL TO SCHEDULE D, PART XI, LINE 8: -758,357. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 8,114. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,361,763. FINANCIAL AID NETTED AGAINST AUXILIARY REVENUE FOR FINANCIAL STATEMENTS -428,973. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 1,448,965. SPECIAL EVENTS INDIRECT EXPENSES 13,986. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 8,114. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 1,448,965. SPECIAL EVENTS INDIRECT EXPENSES 13,986. FINANCIAL AID 428,973. |
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 | COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SHADY HILL FAIR | NameOfEvent1 |
| Gross Receipts Event1 | 66434 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 66434 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 532 | NonCashPrizesEvent1 |
| Food And Beverage Event1 | 4664 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2794 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 1899 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SPRING AUCTION | NameOfEvent2 |
| Gross Receipts Event2 | 133101 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 133101 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 11463 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 8238 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 10888 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 199535 | GrossReceiptsTotal |
| Gross Revenue Total Events | 199535 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 532 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 16127 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 11032 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 12787 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 40478 | DirectExpenseSummaryEvents |
| Net Income Summary | 159057 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|
| FINANCIAL AID | 84 | 1448965 | NEED-BASED FINANCIAL AID TO STUDENTS - TUITION |
| FINANCIAL AID | 97 | 428973 | NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK STANEK | |||||||||||||
| 300000 | 0 | 0 | 0 | 7248 | 0 | 15000 | 0 | 54683 | 0 | 376931 | 0 | 0 | 0 |
| ELIZABETH REID | |||||||||||||
| 175438 | 0 | 0 | 0 | 0 | 0 | 9038 | 0 | 11597 | 0 | 196073 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 1A | AS A CONDITION OF HIS EMPLOYMENT, THE DIRECTOR OF THE SCHOOL, MARK STANEK, IS REQUIRED TO LIVE ON CAMPUS IN A HOME PROVIDED TO HIM BY THE SCHOOL. BASED ON COMPARABLE RENTALS IN CAMBRIDGE, AND ALLOWING FOR THE LOCATION AND CONDITION OF THE HOUSE, THE TOTAL ESTIMATED VALUE OF THIS NONTAXABLE BENEFIT FOR A FULL YEAR IS $48,000. | |
| PART III | FOR DIRECTOR OF SCHOOL, MARK STANEK, THE NONTAXABLE BENEFITS OF $69,683 INCLUDE THE FOLLOWING: FULL-YEAR HOUSING VALUED AT $48,000, HEALTH/LIFE INSURANCES TOTALING $6,683, AND PENSION CONTRIBUTION OF $15,000. FOR CHIEF FINANCIAL OFFICER, ELIZABETH REID, THE NONTAXABLE BENEFITS OF $20,635 INCLUDE THE FOLLOWING: HEALTH/LIFE INSURANCES TOTALING $11,597 AND PENSION CONTRIBUTION OF $9,038. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| CUSIP Number | 57583RYD1 | CUSIPNumber |
| Date Issued | 2008-06-26 | DateIssued |
| Issue Price | 30600000 | IssuePrice |
| Description Of Purpose | CONSTRUCTION AND EQUIPPING OF NEW GYM AND UNDERGROUND PARKING GARAGE | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 30600000 | TotalProceeds |
| Issuance Costs From Proceeds | 501389 | IssuanceCostsFromProceeds |
| Credit Enhancement | 122511 | CreditEnhancement |
| Capital Expenditures | 25582206 | CapitalExpenditures |
| Other Spent Proceeds | 4393894 | OtherSpentProceeds |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K PAGE 2 PART IV, ARBITRAGE | Identifier |
| Return Reference | HEDGING | ReturnReference |
| Explanation | THE SCHOOL HAS THREE OUTSTANDING SWAP AGREEMENTS IN PLACE AT JUNE 30, 2012 TO MITIGATE EXPOSURE TO INTEREST RATE RISK ON THE VARIABLE RATE BOND ISSUE. THERE ARE TWO AGREEMENTS WITH MORGAN STANLEY ENDING IN JULY 2013 AND 2028. THE THIRD AGREEMENT DOES NOT START UNTIL 2013 WITH DEUTSCHE BANK ENDING IN JUNE 2024. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 38475 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN EIGHTEEN BOARD OF OVERSEERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE ORGANIZATION, AS STATED IN THE BYLAWS, ARE EACH PARENT OR LEGAL GUARDIAN OF THE CHILDREN ENROLLED AS FULL-TIME STUDENTS IN SHADY HILL SCHOOL. THE MEMBERS ELECT NOT MORE THAN EIGHTEEN BOARD OF OVERSEERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS ALSO MADE AVAILABLE TO THE BOARD OF OVERSEERS BEFORE IT IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF OVERSEERS (BOO) AND OFFICERS OF THE ORGANIZATION ARE ASKED TO FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON REPORTS THE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOO. THE BOO IS RESPONSIBLE FOR DETERMINING WHETHER AN ACTUAL CONFLICT EXISTS. IF IT HAS BEEN DETERMINED THAT AN ACTUAL CONFLICT OF INTEREST EXISTS, THE BOO WILL EVALUATE THE PARTICULAR TRANSACTION AND MAKE A RECOMMENDATION TO THE BOO. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THERE IS A COMPENSATION COMMITTEE OF THE BOARD WHICH REVIEWS THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL WHEN THE CONTRACT IS PERIODICALLY REVIEWED. THE COMMITTEE USES COMPARABLE DATA AND CONSULTANTS WHEN NECESSARY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | SHADY HILL SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | UNREALIZED GAIN/LOSS ON ENDOWMENT 603,406. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,361,763. TOTAL TO FORM 990, PART XI, LINE 5: -758,357. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XI - FINANCIAL STATEMENTS AND REPORTING | THE SHADY HILL AUDIT COMMITTEE MEETS PERIODICALLY AND IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, AS WELL AS THE SELECTION OF THE AUDITOR. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. | EXPLANATION OF LINE 2C |