GROTON SCHOOL: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- GROTON SCHOOL (EIN 04-2104265)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-15
- IRS object ID
- 201130469349300938
- Schema version
- 2009v1.2
- 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 I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-15T10:34:21-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104265 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GROTON SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GROT | NameControl |
| Phone | 9784483363 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 01450 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J Hale Smith | Name |
| Title | Chief Financial Officer | Title |
| Phone | 9784487566 | Phone |
| Date Signed | 2011-02-15 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | J Hale Smith | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 01450 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 40451294 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.groton.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1884 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Groton provides college and university preparatory education for students in grades eight to twelve. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 214 | TotalNbrEmployees |
| Total Nbr Volunteers | 630 | TotalNbrVolunteers |
| Total Gross UBI | -76502 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3939586 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8567154 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15458463 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17010632 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1113184 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7955322 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 310872 | OtherRevenuePriorYear |
| Other Revenue Current Year | 318824 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18595737 | TotalRevenuePriorYear |
| Total Revenue Current Year | 33851932 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4207843 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4855860 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13806624 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13898331 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1926650 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15439243 | OtherExpensePriorYear |
| Other Expenses Current Year | 16907171 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33453710 | TotalExpensesPriorYear |
| Total Expenses Current Year | 35661362 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -14857973 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1809430 | RevenuesLessExpensesCY |
| Total Assets BOY | 365547214 | TotalAssetsBOY |
| Total Assets EOY | 385564083 | TotalAssetsEOY |
| Total Liabilities BOY | 68998996 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 72333325 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 296548218 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 313230758 | NetAssetsOrFundBalancesEOY |
| Mission Description | Groton School is dedicated to educating promising students in a diverse and intimate community that fosters intellectual, moral, and spiritual character and physical development in preparation for lifelong learning, leadership, and service to others. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 29134761 | Expense |
| Grants | 4855860 | Grants |
| Revenue | 17010632 | Revenue |
| Description | Eduction, General/Other: Education of students in grades eight through twelve in a non-profit, co-educational college preparatory boarding school. The school provides financial assistance for 36% of its students in the form of tuition grants, housing support, travel assistance, and subsidies for books and laptop purchases. (372 students) | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 29134761 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | 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 | 1 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 254 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 214 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CA | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | VI | NameOfForeignCountry |
| 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 |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | 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 | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | 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 | 0 | 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 |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | J Hale Smith | NamePerson |
| Telephone Number | 9784487566 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 991 | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 014500991 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 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 |
|---|---|---|---|---|---|---|---|
| James H R Windels | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Richard G Woolworth Jr | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Thomas Kalaris | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| John R S Jacobsen | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Benjamin N Pyne | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Mark McC Collins Jr | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Diana V Chigas | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| D D Willard Gardiner Jr | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Pauline Cross Reeve | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| William N Thorndike Jr | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Charles A Anton | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| James A Bundy | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Henry P Davis | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Jennifer Ayer Sandell | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Stephen G Hill | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Jonathan D Klein | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Victoria Smith Walsh | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Franz F Colloredo Mansfeld | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Grant A Gund | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Andrew S Paul | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| Ann Bakewell Woodward | |||||||
| Board Member | 4 | X | 0 | 0 | 0 | ||
| James H Higgins III | |||||||
| President | 12 | X | 0 | 0 | 0 | X | |
| Auguste J Bannard | |||||||
| Vice President | 4 | X | 0 | 0 | 0 | X | |
| Brian T Bristol | |||||||
| Treasurer | 4 | X | 0 | 0 | 0 | X | |
| Dr Lori D Hill | |||||||
| Secretary | 4 | X | 0 | 0 | 0 | X | |
| Richard B Commons | |||||||
| Headmaster | 60 | X | 314421 | 0 | 129034 | X | |
| J Hale Smith | |||||||
| C.F.O. | 60 | 194831 | 0 | 82205 | X | ||
| John MacEachern | |||||||
| Director of Development | 50 | 188154 | 0 | 81204 | X | ||
| John Amirault | |||||||
| Director of IT | 45 | 108610 | 0 | 23820 | X | ||
| John Niles | |||||||
| Director of Communication | 50 | 123649 | 0 | 27523 | X | ||
| Ian M Gracey | |||||||
| Director of Admissions | 50 | 100725 | 0 | 110889 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1030390 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 454675 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| R H White Construction Company | |||||
| 41 Central Street | Auburn | MA | 01501 | Construction | 1492532 |
| Chartwells | |||||
| 2400 Yorkmont Road | Charlotte | NC | 28217 | Food Service | 1278642 |
| Prospect Building Service Corp | |||||
| 360 Pearl Street | Malden | MA | 02148 | Custodial Service | 419409 |
| Thielsch Engineering Incorporated | |||||
| 1341 Elmwood Avenue | Cranston | RI | 02910 | Energy Efficiency Consultants | 379286 |
| Cambridge Associates | |||||
| 100 Summer Street | Boston | MA | 02110 | Investment Consultant | 238550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 0 | GovernmentGrants |
| All Other Contributions | 8567154 | AllOtherContributions |
| Noncash Contributions | 628551 | NoncashContributions |
| Total Contributions | 8567154 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Tuition | 611600 | 16481585 | 16481585 | 0 | $0 |
| Student support services | 611710 | 307127 | 307127 | 0 | $0 |
| Application fees | 611710 | 61505 | 61505 | 0 | $0 |
| Student billing finance charge | 611710 | 24807 | 24807 | 0 | $0 |
| Tuition refund fee | 611710 | 93261 | 93261 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 42347 | TotalRevenueColumn |
| Related Or Exempt Function Income | 42347 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17010632 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3556212 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -72993 | UnrelatedBusinessRevenue |
| Exclusion | $3,629,205 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38819 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $38,819 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 346525 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 27701 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 318824 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 318824 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -3509 | UnrelatedBusinessRevenue |
| Exclusion | $322,333 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10931952 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6571661 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4360291 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4360291 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,360,291 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33851932 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17010632 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -76502 | UnrelatedBusinessRevenue |
| Exclusion | $8,350,648 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102107 | Total |
| Program Services | 102107 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4753753 | Total |
| Program Services | 4753753 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 720491 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 720491 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9264354 | Total |
| Program Services | 6675868 | ProgramServices |
| Management And General | 1619368 | ManagementAndGeneral |
| Fundraising | 969118 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1405562 | Total |
| Program Services | 926890 | ProgramServices |
| Management And General | 341619 | ManagementAndGeneral |
| Fundraising | 137053 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1890683 | Total |
| Program Services | 1234326 | ProgramServices |
| Management And General | 467711 | ManagementAndGeneral |
| Fundraising | 188646 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 617241 | Total |
| Program Services | 396525 | ProgramServices |
| Management And General | 155601 | ManagementAndGeneral |
| Fundraising | 65115 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102863 | Total |
| Program Services | 35840 | ProgramServices |
| Management And General | 63737 | ManagementAndGeneral |
| Fundraising | 3286 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75968 | Total |
| Program Services | 8400 | ProgramServices |
| Management And General | 67568 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1253035 | Total |
| Program Services | 1253035 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 596029 | Total |
| Program Services | 532551 | ProgramServices |
| Management And General | 28862 | ManagementAndGeneral |
| Fundraising | 34616 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 466778 | Total |
| Program Services | 90700 | ProgramServices |
| Management And General | 252969 | ManagementAndGeneral |
| Fundraising | 123109 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 225512 | Total |
| Program Services | 74862 | ProgramServices |
| Management And General | 85499 | ManagementAndGeneral |
| Fundraising | 65151 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 338300 | Total |
| Program Services | 87564 | ProgramServices |
| Management And General | 218364 | ManagementAndGeneral |
| Fundraising | 32372 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2617660 | Total |
| Program Services | 2600070 | ProgramServices |
| Management And General | 14441 | ManagementAndGeneral |
| Fundraising | 3149 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269157 | Total |
| Program Services | 101894 | ProgramServices |
| Management And General | 111017 | ManagementAndGeneral |
| Fundraising | 56246 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32675 | Total |
| Program Services | 7552 | ProgramServices |
| Management And General | 15016 | ManagementAndGeneral |
| Fundraising | 10107 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2178571 | Total |
| Program Services | 2178571 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5397538 | Total |
| Program Services | 5265672 | ProgramServices |
| Management And General | 123426 | ManagementAndGeneral |
| Fundraising | 8440 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 194042 | Total |
| Program Services | 77214 | ProgramServices |
| Management And General | 98728 | ManagementAndGeneral |
| Fundraising | 18100 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Landscape Improvements | 1300000 | 1300000 | 0 | 0 |
| Food | 679678 | 552113 | 25589 | 101976 |
| General merchandise and equipment | 543970 | 533062 | 4211 | 6697 |
| Special events | 278252 | 185571 | 39227 | 53454 |
| Other regulatory | 159059 | 78825 | 46167 | 34067 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198084 | Total |
| Program Services | 81796 | ProgramServices |
| Management And General | 100340 | ManagementAndGeneral |
| Fundraising | 15948 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35661362 | Total |
| Program Services | 29134761 | ProgramServices |
| Management And General | 4599951 | ManagementAndGeneral |
| Fundraising | 1926650 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28202 | BOY |
| EOY | 30137 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 936226 | BOY |
| EOY | 197995 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9556988 | BOY |
| EOY | 10531702 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 329579 | BOY |
| EOY | 134231 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 217089 | BOY |
| EOY | 182645 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210595 | BOY |
| EOY | 197446 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1147935 | BOY |
| EOY | 1191099 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 157431759 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 60425573 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100080582 | BOY |
| EOY | 97006186 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148450589 | BOY |
| EOY | 152056962 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97371237 | BOY |
| EOY | 116817488 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7218013 | BOY |
| EOY | 7218013 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179 | BOY |
| EOY | 179 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 365547214 | BOY |
| EOY | 385564083 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9935929 | BOY |
| EOY | 11299351 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1556705 | BOY |
| EOY | 1708888 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51590000 | BOY |
| EOY | 50890000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5916362 | BOY |
| EOY | 8435086 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68998996 | BOY |
| EOY | 72333325 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 182969921 | BOY |
| EOY | 187190110 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50273071 | BOY |
| EOY | 60886031 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63305226 | BOY |
| EOY | 65154617 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 296548218 | BOY |
| EOY | 313230758 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 365547214 | BOY |
| EOY | 385564083 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 242484014 | BeginningOfYearBalance |
| Contributions | 5320500 | Contributions |
| Investment Earnings Or Losses | 27343554 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1755423 | GrantsOrScholarships |
| Other Expenditures | 7750274 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 265642371 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 291284441 | BeginningOfYearBalance |
| Contributions | 2674640 | Contributions |
| Investment Earnings Or Losses | -40111672 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2106706 | GrantsOrScholarships |
| Other Expenditures | 9256689 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 242484014 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.57 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3862194 | OtherCostOrOtherBasis |
| Book Value | 3862194 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 137559468 | OtherCostOrOtherBasis |
| Depreciation | 49882884 | Depreciation |
| Book Value | 87676584 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 8878437 | OtherCostOrOtherBasis |
| Depreciation | 6362326 | Depreciation |
| Book Value | 2516111 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 7131660 | OtherCostOrOtherBasis |
| Depreciation | 4180363 | Depreciation |
| Book Value | 2951297 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 97006186 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Hedge Funds | 77732898 | F |
| US Bond Funds | 12803060 | F |
| Real Asset Funds | 12486806 | F |
| Private Equity Funds | 6701964 | F |
| Venture Capital Funds | 7092760 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 116817488 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Bond Proceeds Held by Trustee | Description |
| Book Value | 179 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 179 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Interest Rate Swap Agreements | Description |
| Amount | $8,435,086 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8435086 | TotalOfAmounts |
| Total Revenue | 33851932 | TotalRevenue |
| Total Expenses | 35661362 | TotalExpenses |
| Excess Or Deficit For Year | -1809430 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 20909442 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | -$2,417,472 | OtherAmount |
| Total Adjustments | 18491970 | TotalAdjustments |
| Excess Or Deficit Per FS | 16682540 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 48638703 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 20909442 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | -6150372 | OtherRevenues |
| Revenue Not Rptd F990 | 14759070 | RevenueNotRptdF990 |
| Revenue Subtotal | 33879633 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -27701 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -27701 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 33851932 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31956163 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 2445173 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2445173 | ExpensesNotRptdF990 |
| Expenses Subtotal | 29510990 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1525897 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 4624475 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 6150372 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 35661362 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | To support the educational mission of the school. |
| SchD_P10_S00_L00 | Schedule D, Part X | The School follows FASB ASC 740, Income Taxes, which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Management believes that the School has no material uncertain tax positions. |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | Change in accrued pension liability $(152,414), unrealized gain (loss) swaps $(2,518,724), change in value-split interest $253,666. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Investment management fees ($1,253,035), other professional services ($179,843), bank charges ($59,482), annuity payments ($11,492), federal tax payments on investments ($20,696), state tax payments on investments ($1,349), financial aid ($4,624,475). |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Rental expenses of ($27,701) are associated with unrelated business income. |
| SchD_P13_S00_L02d | Schedule D, Part XIII, Line 2d | Change in accrued pension liability $152,414, rental expenses associated with unrelated business income $27,701, interest rate swap agreements $2,518,724, change in value split interest agreements ($253,666). |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | Financial aid of 4,624,475 is reflected as a net to tuition. |
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 |
| Pub Via Broadcast Media Expln | The school's application, which can be mailed upon request or accessed through the school's website at www.groton.org, clearly stipulates that Groton does not discriminate on the basis of gender, race, color, disability, religion, sexual orientation, or national origin in the administration of the school's admission policies and financial aid programs. | PubViaBroadcastMediaExpln |
| 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 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Town of Groton | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 173 Main Street | AddressLine1 |
| City | Groton | City |
| State | MA | State |
| ZIP Code | 01450 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 046001164 | EINOfRecipient |
| IRC Section | Government Entity | IRCSection |
| Amount Of Cash Grant | 100000 | AmountOfCashGrant |
| Purpose Of Grant | The contribution was made to help the Town of Groton subsidize their annual operating costs. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 5 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 4 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Tuition Grant | 139 | 0 | 4624475 | Total credits applied to tuition | Credits are applied to tuition bill as a means of subsidizing the overall tuition costs to qualified students attending Groton School. |
| Incidental Grant | 32 | 0 | 62510 | Credits are applied to monthly bill | Credits are applied to tuition bill as a means of subsidizing the overall incidental costs to qualified students attending Groton School. |
| Travel Grant | 17 | 4881 | 13626 | Total travel credits that are applied to annual billing. | Credits are applied to the monthly incidental bill when travel related charges are posted as a means of subsidizing the overall travel costs for qualified boarding students attending Groton School. |
| Laptop Grant | 32 | 36068 | 0 | Payments made to purchase laptops for qualified students. | |
| Parent Travel Grant | 41 | 12194 | 0 | Payments made to travel agent for airline travel. |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | The school works directly with town officials and local charitable organizations to assess future needs and the use of current and past monetary grants. The school also makes several other small donations throughout the year based on charitable purpose, historical relationship, and current needs. These one time contributions are not typically monitored by the CFO and the Headmaster. Financial aid grants are awarded annually to qualified students and are applied as credits to the tuition bill up to the amount of the grant for the current academic year. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard B Commons | |||||||||||||
| 292516 | 0 | 0 | 0 | 21904 | 0 | 65688 | 0 | 63347 | 0 | 443455 | 0 | 0 | 0 |
| J Hale Smith | |||||||||||||
| 194831 | 0 | 0 | 0 | 0 | 0 | 38379 | 0 | 43826 | 0 | 277036 | 0 | 0 | 0 |
| John MacEachern | |||||||||||||
| 188154 | 0 | 0 | 0 | 0 | 0 | 37084 | 0 | 44119 | 0 | 269357 | 0 | 0 | 0 |
| John Niles | |||||||||||||
| 104037 | 0 | 0 | 0 | 19613 | 0 | 16880 | 0 | 10642 | 0 | 151172 | 0 | 0 | 0 |
| Ian M Gracey | |||||||||||||
| 100725 | 0 | 0 | 0 | 0 | 0 | 16430 | 0 | 94459 | 0 | 211614 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | Schedule J, Part I, Line 1a | Faculty are required to live in on-campus housing as a condition of employment. The Headmaster's home includes some space that is reserved for school related meetings and student activities. The cost of maintaining this allotted space is paid by the school and recorded as an operating expense. The Headmaster's contract, which is approved by the President and the Compensation Committee, includes the cost of a social club and residential house cleaning. These costs are recorded by the school as taxable benefits and reported on the W-2. The school will only pay for the cost of a traveling spouse when they are also participating in school related fundraising events. |
| SchJ_P01_S00_L04 | Schedule J, Part I, Line 4 | The Headmaster's contracts, which is approved by the President and the Compensation Committee, included an annual $35,000 deferred compensation contribution. The school deposited the initial payment to a qualified 457(b) plan up to the annual IRS limit of $16,500. The remaining balance of $18,500 was deposited to a non-qualified 457(f) plan. |
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 | 57583RMR3 | CUSIPNumber |
| Date Issued | 2007-05-24 | DateIssued |
| Issue Price | 10000000 | IssuePrice |
| Description Of Purpose | Building and Structure Renovations | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 10000000 | TotalProceeds |
| Amount In Reserve Fund | 9850000 | AmountInReserveFund |
| Amount Defeased | 0 | AmountDefeased |
| Amount Unspent | 20000 | AmountUnspent |
| Issuance Costs From Proceeds | 130000 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 9800000 | CapitalExpenditures |
| 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 |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | 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 | The Bank of New York | BusinessNameLine1 |
| Business Name Line2 | 40 Year Swap | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 3.59 | TermOfHedge |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Lindsay Commons | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Headmaster's Wife | Relationship |
| Amount Of Transaction | 30930 | AmountOfTransaction |
| Description Of Transaction | Salary for co-hosting events | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 104 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 628551 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | 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 (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | A draft of the public disclosure version of the form 990 was distributed electronically as a PDF transmission to each member of the Audit Committee prior to the January 2011 board meeting. The Committee performed a thorough review of the draft prior to presenting it to the full board. Each trustee was given the opportunity to ask questions and suggest possible revisions. Upon completion of the review, the board voted to accept the draft Form 990 including requested revisions. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | All school officers, Key Employees, and members of the Board of Trustees are required annually to read the conflict of interest policy and sign the document. This signature indicates an understanding of the guidelines and an assurance to the Board that they are in compliance with the policy. Any potential conflict must be disclosed and reviewed by the President of the Board to determine if further action is required. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | An employment contract between the Headmaster and the school is updated periodically and renewed annually. Each year, the President and Compensation Committee review the Headmaster's and other senior administrator's salaries and benefits. Annual salary and benefit offerings are discussed with the Headmaster and reported to the full Board. The annual salary and benefit offerings for the Chief Financial Officer are made by the Headmaster. All salaries and benefit offerings for the remaining school employees are updated annually and approved by the Chief Financial Officer of the Headmaster up to the budget limits set by the Board of Trustees. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The financial statements can be viewed on-line by going to www.DisclosureUSA.org, an independently operated website. The Conflict of Interest Policy and the Governing Documents may be viewed any time upon request. |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The form 8868, an Application for Extension of Time to File an Exempt Organization Return, was filed on November 10, 2010. This extension provides the School's Board of Directors the time necessary to complete a thorough review of the return. | Explanation |