2012-11-14T11:37:55-06:00 2012-06-30 263753134 CBIZ TOFIAS 56 EXCHANGE TERRACE PROVIDENCE RI 02903 990 2011-07-01 042103628 SHADY HILL SCHOOL SHAD 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 ELIZABETH REID 6175205216 2012-11-13 1 JOHN T WILMOT P00095129 4016263200 2011 2016-02-24 21:20:13Z MARK STANEK 178 COOLIDGE HILL CAMBRIDGE MA 02138 21733899 0 X WWW.SHS.ORG X 1915 MA 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. 23 20 270 100 160045 0 1689080 1535756 14582976 15504510 71180 108429 283404 415618 16626640 17564313 1863396 1877938 0 0 8902736 9725097 16013 5320 787228 6014112 6853639 16796257 18461994 -169617 -897681 93142227 89383677 34655903 32553391 58486324 56830286 X SEE MISSION STATEMENT ON SCHEDULE O. 0 0 13988759 1534892 14604387 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. 360930 296946 738335 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. 324044 46100 172100 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. 14673733 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 0 0 0 0 0 0 1 51 0 1 270 1 1 1 0 0 0 0 0 0 0 0 0 X 23 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X ELIZABETH REID 6175205216 178 COOLIDGE HILL CAMBRIDGE MA 02138 GEORGE LANGDON 50.00 X 75368 0 22477 JEANNE MCDERMOTT 50.00 X 46939 0 23230 JINANE ABOUNADI 2.00 X 0 0 0 JOHN AVERY 5.00 X 0 0 0 VENKAT VENKATRAMAN 5.00 X 0 0 0 RORY MORTON 2.00 X 0 0 0 SARAH LAZARUS 2.00 X 0 0 0 CAROLINE ERISMAN 2.00 X 0 0 0 DAVID ALTSHULER 5.00 X 0 0 0 PAM DICKINSON 5.00 X 0 0 0 JEANNE FITZGIBBON 5.00 X 0 0 0 ALYSSA HAYWOODE 2.00 X 0 0 0 SHARON TOFFLER-TOULOTTE 2.00 X 0 0 0 ALEX MOOT 5.00 X 0 0 0 JAMES HOUGHTON 5.00 X 0 0 0 KARL SIMS 2.00 X 0 0 0 HYUN-A PARK FRIIS 2.00 X 0 0 0 JOHN WILSON 5.00 X 0 0 0 LENORE GESSNER TRAVIS 2.00 X 0 0 0 SUE HALLOWELL 10.00 X X 0 0 0 MARK STANEK 50.00 X X 307248 0 69683 CHARLES LONGFIELD 5.00 X X 0 0 0 NIMA ESHGHI 5.00 X X 750 0 0 ELIZABETH REID 50.00 X 175438 0 20635 ALLISON WEBSTER 50.00 X 121838 0 6593 CYNTHIA DOBE 50.00 X 101658 0 13703 KIMBERLY KUBIK 50.00 X 120319 0 11507 949558 0 167828 5 0 1 0 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 3 1535756 38475 1535756 TUITION AND FEES 900099 14594075 14594075 AFTER SCHOOL PROGRAM 900099 738335 738335 OTHER PROGRAMS 900099 172100 172100 15504510 160716 160716 147305 55945 91360 91360 91360 4020876 4073163 -52287 -52287 -52287 199535 40478 159057 159057 UBIT INVESTMENT INCOME 900099 160045 160045 MISCELLANEOUS INCOME 523000 5156 5156 165201 17564313 15509666 160045 358846 1877938 1877938 724681 279504 377019 68158 7279685 5986673 889363 403649 385729 302482 65407 17840 677257 585043 41761 50453 657745 494505 130254 32986 83733 83733 79030 79030 5320 5320 322694 322694 16501 16501 5156 5156 1834237 1202564 484427 147246 485348 469391 15957 1114555 917279 189505 7771 986 986 692529 692529 1538688 1266340 261577 10771 90182 74220 15304 658 BOND EXPENSE 221460 221460 LUNCHROOM 105982 105612 370 0 MISCELLANEOUS EXPENSES 95196 79119 7169 8908 FACULTY DEVELOPMENT 72152 72117 35 95210 40815 36919 17476 18461994 14673733 3001033 787228 400 400 18900735 6894672 1678939 1165223 68672 85662 818130 917863 48580552 10179132 38571472 38401420 1168897 880458 31934982 41037979 93142227 89383677 1492070 1195655 936207 1266331 29800000 25900000 2427626 4191405 34655903 32553391 X 49039334 48104873 6009600 5202483 3437390 3522930 58486324 56830286 93142227 89383677 X -897681 -758357 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43234701 156075 538390 2023051 41906115 40707115 402034 4208382 2082830 43234701 38434020 709836 3745616 2182357 40707115 46669667 87775 -6324917 1998505 38434020 0.82050 0.08380 0.09570 0 0 57698 57698 45289823 8990107 36299716 1766029 947026 819003 1467002 241999 1225003 38401420 NON PUBLICALLY TRADED INVESTMENT FUNDS 39470320 F OTHER LT INVESTMENT - RESIDENTIAL REAL ESTATE 1567659 C 41037979 PROVISION FOR UNEMP COMP 56008 DEFERRED RENTAL INCOME 801101 INTEREST RATE SWAP 3214542 EQUIPMENT LEASE LIABILITY 119754 4191405 17564313 18461994 -897681 -758357 -758357 -1656038 14988800 603406 66654 -1782622 -1112562 16101362 1462951 1462951 17564313 16644838 66654 8114 74768 16570070 1891924 1891924 18461994 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 COMMON NON-DISCRIMINATION AD WITH OTHER MEMBERS OF THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND WAS PUBLISHED IN THE BOSTON GLOBE. SHADY HILL FAIR 66434 66434 532 4664 2794 1899 SPRING AUCTION 133101 133101 11463 8238 10888 199535 199535 532 16127 11032 12787 40478 159057 1 FINANCIAL AID 84 1448965 NEED-BASED FINANCIAL AID TO STUDENTS - TUITION FINANCIAL AID 97 428973 NEED-BASED FINANCIAL AID TO STUDENTS - OTHER PROGRAMS X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 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 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. SUPPLEMENTAL INFORMATION 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. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RYD1 2008-06-26 30600000 CONSTRUCTION AND EQUIPPING OF NEW GYM AND UNDERGROUND PARKING GARAGE 0 0 0 30600000 501389 122511 25582206 4393894 2009 0 0 1 1 0 0 0 0 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 SCHEDULE K PAGE 2 PART IV, ARBITRAGE HEDGING 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. X 16 38475 FMV ON DATE OF GIFT 0 0 1 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: 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. EXPLANATION OF LINE 2C 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.