2011-05-13T07:59:55-05:00 2010-06-30 Kirkland Albrecht & Fredrickson LLC 10 Forbes Road West Braintree MA 02184 990 2009-07-01 042103564 GOVERNOR DUMMER ACADEMY DBA THE GOVERNOR'S ACADEMY GOVE 9784651763 1 ELM STREET BYFIELD MA 01922 Hugh A McGraw 9784651763 2011-05-11 1 7813562000 2011-05-11 2009 2016-02-24 21:20:13Z Hugh A McGraw 1 ELM STREET BYFIELD MA 01922 41432234 0 X WWW.THEGOVERNORSACADEMY.ORG X 1763 MA THE OLDEST INDEPENDENT BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. 27 27 239 500 0 -13221 3180500 2073777 14718203 15440755 -5223364 5197216 347065 453938 13022404 23165686 2658469 3036409 0 9449590 9407165 0 818857 9403877 10992770 21511936 23436344 -8489532 -270658 122912688 125167837 30815339 32326243 92097349 92841594 THE OLDEST INDEPENDENT BOARDING AND DAY BOARDING SCHOOL FOR STUDENTS IN GRADES NINE THROUGH TWELVE. FOUNDED IN 1763 ON NEW ENGLAND COASTAL FARMLAND, COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY ENDURING RELATIONSHIPS WITH TEACHERS AND DEFINED BY A COMMITMENT TO LEARNING AND A THOUGHTFUL BALANCE OF ACADEMICS, ATHLETICS, ARTS AND SERVICE TO OTHERS. ACADEMY GRADUATES ARE LIFE LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY. 0 0 18176987 3036409 20139263 The Governor's Academy provides a carefully thought out and rigorous educational experience that encompasses academic work, athletics, the arts and service. In small classes led by talented teachers who inspire a lifelong love of learning and an unquenchable curiosity about the world. Here students discover new worlds - in intellectual inquiry. Classes are 45-90 minutes long, meeting 3 times a week. The average class size is approximately 13 students. Living and learning with boys and girls from a range of backgrounds and life experiences, our students gain a broader understanding of the world. We have more than 390 students in grades 9-12. Our enrollment includes 13 percent students of color and 12 percents international students. Two-thirds of our students board; one-third are day students. Academically we offer honors, advance and advanced placement courses, as well as independent study in all departments. Athletes participate in the ISL league of 16 schools located in the greater Boston area. We offer more than 50 interscholastic teams from Varsity to thirds. Our efforts continue to expand in providing global understanding andexperiences for our students through exchange programs. Currently our exchanges are in China, Kenya and Honduras; we hope soon to have exchanges on every continent. Students spend time at schools across the globe, and then those foreign students and teachers come to our campus, where they live in the dorms and take part in classes and activities. We are developing courses with a global perspective, including Modern Chinese History and African History. Foreign language students - in Chinese, Spanish, French, German and Latin - enrich their learning with trips abroad and language club outings. 18176987 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 239 1 1 1 0 0 0 0 1 1 0 0 0 0 0 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X Hugh A McGraw 9784651763 1 Elm Street Byfield MA 01922 Jeffrey L Gordon 5.00 X X 0 0 0 Christopher C Beebe 5.00 X X 0 0 0 Priscilla K Mcinnis 5.00 X X 0 0 0 James L Rudolph 5.00 X X 0 0 0 William Alfond 5.00 X 0 0 0 NATHALIE E AMES 5.00 X 0 0 0 REV ADRIENNE BERRY-BURTON 5.00 X 0 0 0 CHRISTOPHER W COLLINS 5.00 X 0 0 0 JONATHAN J DOYLE 5.00 X 0 0 0 HENRY B EATON 5.00 X 0 0 0 BEVERLY R GIBLIN 5.00 X 0 0 0 LAUREN B GUDONIS 5.00 X 0 0 0 KATHY S HINES 5.00 X 0 0 0 STEPHNEN G KASNET 5.00 X 0 0 0 RICHARD M KELLEHER 5.00 X 0 0 0 KARA MOHEBAN MCLOY 5.00 X 0 0 0 THOMAS M MERCER JR 5.00 X 0 0 0 WENDY B COWIE 5.00 X 0 0 0 MARGO L DHALIWAL 5.00 X 0 0 0 JAMES M PIERCE 5.00 X 0 0 0 PETER H QUIMBY 5.00 X 0 0 0 HASKELL RHETT 5.00 X 0 0 0 GARY A ROGERS 5.00 X 0 0 0 GEORGE S SCHARFE 5.00 X 0 0 0 AARON M SELLS 5.00 X 0 0 0 STEVEN G SHAPIRO 5.00 X X 0 0 0 BRUCE C TURNER 5.00 X 0 0 0 PAUL MCKEON 5.00 X 0 0 0 DAVID SPLAINE 5.00 X 0 0 0 MARK WHISTON 5.00 X 0 0 0 MARC A WHITE JR 5.00 X 0 0 0 JOHN MARTIN DOGGETT 50.00 X X 246002 0 40757 hugh A mcgraw 50.00 X X 157426 0 10541 LORI CORREALE 40.00 X 126024 0 13496 529452 0 64794 3 0 1 0 HARVARD PILGRIM HEALTH CARE PO BOX 970050 BOSTON MA 02297 HEALTH CARE 1117406 US FOODSERVICE PO BOX D 3155 BOSTON MA 02241 FOOD SUPPLIER 383667 PBSC 360 PEARL STREET MALDEN MA 02148 JANITORIAL SERVICES 232314 BLUE SPRUCE TECHNOLOGIES INC 100 MAIN STREET - SUITE 270 DOVER NH 03820 COMPUTER SERVER CONTRACT 197890 OPTIMUM SECURITY 111 CHARLES STREET HAVERHILL MA 01832 SECURITY COMPANY 155200 5 43914 2029863 2073777 TUITION 611600 14907600 14907600 STUDENT FEE INCOME 611710 253600 253600 SUMMER PROGRAMS 713990 241356 241356 FEES 611710 38199 38199 15440755 1114736 1114736 242094 242094 242094 242094 21999620 17917140 4082480 4082480 4082480 45025 43914 45025 0 391801 304383 87418 87418 MISCELLANEOUS 900099 124426 124426 124426 23165686 15652599 0 5439310 3036409 3036409 799637 511884 185376 102377 6623604 4966264 1265141 392199 1490544 1129493 361051 493380 280107 213273 253803 167334 76119 10350 2462 1805 353 304 52992 30931 22061 381511 376244 3842 1425 1385788 1385788 9027 9027 62330 28682 29786 3862 1438729 1438729 1693026 1625305 50791 16930 489918 25474 464444 Non-Operating Expenses 1353541 1353541 Cost of Goods Sold 756707 756707 OUTSIDE STAFFING 664748 664748 Event/Campaign Expenses 572974 337416 60150 175408 Operations & Maintenanc 324479 194740 97304 32435 1550735 1218927 257268 74540 23436344 18176987 4440500 818857 50961 241923 4302421 5063612 2464403 1336762 45114 44485 120281 54187 103353 90844 567898 560724 72886978 16261337 56807981 56625641 508001 45199 57368140 61104460 574135 122912688 125167837 751185 1348096 2525514 2672069 23900000 23700000 199214 169315 3439426 4436763 30815339 32326243 X 61290219 60591995 5783175 7466285 25023955 24783314 92097349 92841594 122912688 125167837 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 57876141 677277 6039312 3443071 61149659 77538518 363231 -17052959 2972649 57876141 0.49670 0.40250 0.10080 0 0 59495445 12792662 46702783 4770739 2609004 2161735 8620794 859671 7761123 56625641 LIMITED PARTNERSHIPS 4943870 F BENEFICIAL INTEREST IN PHILLIPS TRUSTS 6149860 F COMMONFUND INSTITUTIONAL FUNDS 48532504 F TIAA-CREF INST. EQUITY 1478226 F 61104460 ANNUITIES PAYABLE 670610 INTEREST RATE SWAP 3766153 4436763 23165686 23436344 -270658 1014903 1014903 744245 24778258 1014903 3634078 4648981 20129277 3036409 3036409 23165686 24034013 3634078 3634078 20399935 3036409 3036409 23436344 Part III, Line 4: VARIOUS PAINTING THAT ARE DISPLAYED IN THE LIBRARY WHICH WERE DONATED TO THE SCHOOL. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ACADEMY'S ENDOWMENT FUNDS ARE USED FOR THE SUPPORT IN FINANCIAL AID AND COMMENCEMENT PRIZES. IT ALSO HELPS TO MAINTAIN FACULTY SALARY AND BENEFITS AS WELL AS MAINTAINING THE PHYSICAL PLANT OF THE SCHOOL. THE TEMPORARY RESTRICTED GIFTS COULD BE MORE SPECIFIC AS UNIFORMS, TUNING PIANOS, SUPPORT IN THE EXCHANGE PROGRAM, HELPING FINANCIAL AID STUDENTS ATTEND THE PROM AND PURCHASE BOOKS. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (ANNUITIES): -117,143 DECREASE IN FAIR VALUE OF INTEREST RATE SWAPS: -1,031,238 DECREASE IN VALUE OF BENEFICIAL INTEREST IN PHILLIPS TRUSTS: 418,913 PART XII, LINE 4B - OTHER ADJUSTMENTS: NET REALIZED GAINS ON INVESTMENT: 4,082,480 COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B: -304,383 SPECIAL EVENTS EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B: PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (ANNUITIES): 117,143 DECREASE IN FAIR VALUE OF INTEREST RATE SWAPS: 1,031,238 INCREASE IN VALUE OF BENEFICIAL INTEREST IN PHILLIPS TRUSTS: -418,913 NET REALIZED GAIN ON INVESTMENTS: 4,082,480 NET UNREALIZED GAIN ON INVESTMENTS: -595,990 SPECIAL EVENTS REPORTED ON FORM 990 PART VIII, LINE 8B: COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B: 304,383 1 1 1 Governor Dummer academy publicizes its nondiscriminatory policy on a school bulletin and in brochures. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Golf tournament 45025 45025 21470 3530 20025 45025 45025 21470 3530 20025 45025 0 1 FINANCIAL AID 95 0 3036409 FMV SCHOLARSHIPS/FINANCIAL AID Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FINANCIAL AID IS ALLOCATED ON A NEED BASED BASIS AT THE GOVERNOR'S ACADEMY. FOR NEW APPLICANTS TO THE SCHOOL, WE REQUIRE FAMILIES TO SUBMIT INCOME AND ASSET INFORMATION TO SSS, A FINANCIAL AID ASSESSMENT ORGANIZATION THAT OPERATES WITHIN NAIS. SSS PROVIDES FOR US A RECOMMENDED FAMILY CONTRIBUTION (RFC) AND, TO OUR ABILITY AND AFTER OUR EVALUATION OF A FAMILY'S SUBMISSION, WE WILL PROVIDE FINANCIAL AID TO A FAMILY THAT REPRESENTS THE DIFFERENCE BETWEEN THE RFC AND THE COST OF TUITION. WITH RESPECT TO MONITORING THE STUDENTS OVER TIMW, FAMILIES MUST SUBMIT A FINANCIAL AID APPLICATION EACH YEAR AND THE RFC IS USED TO DETERMINE A FINANCIAL AID ALLOCATION EACH YEAR. X X 0 0 X X X X 0 0 0 0 0 0 0 0 0 JOHN MARTIN DOGGETT 246002 0 0 0 0 0 27060 0 13697 0 286759 0 0 0 hugh A mcgraw 157426 0 0 0 0 0 9446 0 1095 0 167967 0 0 0 Part I, Line 1a THE SCHOOL PROVIDES ON CAMPUS HOUSING FOR THE HEADMASTER AND CHIEF FINANCIAL OFFICER TO PROVIDE AN ON CAMPUS PRESENCE TO DEAL WITH ASSORTED ISSUES AND EMERGENCIES. THE HEADMASTER DISCRETIONARY FUND OF $3,000 IS USED TO PAY FOR UNPLANNED SCHOOL ACTIVITIES. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGN9 2006-08-01 15000000 CONSTRUCTION OF DORM,MAINTENANCE BLDG,HOCKEY RINK,TURF FIELD,TENNIS COURTS 0 1 15000000 295724 14704276 2007 0 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 JOHN M DOGGETT X 135000 94500 0 1 1 94500 X 24 FMV 0 1 0 Form 990, Part VI, Section B, line 11 A Draft version of the Form 990 is sent to the Director of Finance for an initial review. During the initial review if any questions are raised they are brought to the attention of the tax preparers. Once all the questions have been adequately answered the draft Form 990 is provided to the CFO for review. A final review of the Form is conducted by the Director of Finance and the CFO before the Form 990 is finalized and sent to the audit committee for their review. Following the audit committee approval and filing a public disclosure copy is made available to the full board. Form 990, Part VI, Section B, line 12c THE POLICY IS ISSUED ONCE A YEAR WITH A REMITTANCE TO BE SIGNED ASSURING THAT THE READER IS AWARE AND WILL COMPLY. ONCE THE REMITTANCE IS SIGNED IT IS FILED IN THE CFO'S OFFICE. Form 990, Part VI, Section B, line 15 The Headmaster's compensation is reviewed by the President of the board and his executive committee, with support from the CFO regarding comparative salary data. The CFO's salary is set by the Headmaster with the advice and consent of the Board Treasurer. The Headmaster and CFO collaborate in setting the staff and faculty salary pool including anticipated turnover and the budget salary for replacement personnel. All salary recommendations are then incorporated into the draft FY Budget which is presented to the Finance Committee for review and approval. The full board approves the budget for implementations. The organization benchmarks and analyzes the salaries to ABOPS (an association of 40 peer schools) annually. Form 990, Part VI, Section C, line 18 THE FORM 990 IS AVAILABLE VIA A WRITTEN OR TELEPHONE REQUEST TO THE ORGANIZATION. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.