TRUSTEES OF THAYER ACADEMY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THAYER ACADEMY (EIN 04-2105781)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-12
- IRS object ID
- 201131329349300748
- Schema version
- 2009v1.7
- 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 | 2011-05-12T09:13:16-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | rsm mcgladrey inc | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 city square | AddressLine1 |
| City | boston | City |
| State | MA | State |
| ZIP Code | 02129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042105781 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THAYER ACADEMY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRUS | NameControl |
| Phone | 7813800503 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 745 WASHINGTON STREET | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | thomas m kent | Name |
| Title | treasurer | Title |
| Phone | 7813800503 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179129000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | thayer academy | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | william t koskores | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 745 WASHINGTON STREET | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 28339214 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.THAYER.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1879 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | college preparatory educational institution for grades 6 through 12. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 29 | NbrIndependentVotingMembers |
| Total Nbr Employees | 346 | TotalNbrEmployees |
| Total Nbr Volunteers | 180 | TotalNbrVolunteers |
| Total Gross UBI | 131 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4702588 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1658546 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22182182 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23202996 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1789152 | InvestmentIncomePriorYear |
| Investment Income Current Year | 895149 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 682099 | OtherRevenuePriorYear |
| Other Revenue Current Year | 582260 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 29356021 | TotalRevenuePriorYear |
| Total Revenue Current Year | 26338951 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3693082 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4221319 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13669821 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13570008 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 872455 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10193841 | OtherExpensePriorYear |
| Other Expenses Current Year | 9461200 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 27556744 | TotalExpensesPriorYear |
| Total Expenses Current Year | 27252527 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1799277 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -913576 | RevenuesLessExpensesCY |
| Total Assets BOY | 95347542 | TotalAssetsBOY |
| Total Assets EOY | 97339439 | TotalAssetsEOY |
| Total Liabilities BOY | 40721967 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 41804529 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 54625575 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 55534910 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION AND PROGRAM OF THAYER ACADEMY IS TO INSPIRE A DIVERSE COMMUNITY OF STUDENTS IN GRADES 6 THROUGH 12 TO MORAL, INTELLECTUAL, AESTHETIC AND PHYSICAL EXCELLENCE SO THAT EACH MAY RISE TO HONORABLE ACHIEVEMENT AND CONTRIBUTE TO THE COMMON GOOD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 22282870 | Expense |
| Grants | 4221319 | Grants |
| Revenue | 22515012 | Revenue |
| Description | COLLEGE PREPARATORY EDUCATIONAL INSTITUTION FOR GRADES 6 THROUGH 12. the academy had 692 students enrolled this year. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 527549 | Expense |
| Revenue | 629340 | Revenue |
| Description | SUMMER PROGRAM OFFERED TO ALL STUDENTS TO FURTHER ENHANCE THE SCHOOL'S MISSION ON A BROADER FRONT (i.e. arts, crafts, sports, and other specialized programs). | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 250810 | Expense |
| Revenue | 283059 | Revenue |
| Description | auxiliary services provided FOR THE CONVENIENCE OF STUDENTS, parents, FACULTY, and staff. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 23061229 | 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 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 62 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 346 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 29 | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | william f STEPHENSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7813800503 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 745 WASHINGTON STREET | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 021845751 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| BRUCE h HUMPHREY | |||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | |
| MICHAEL j SHEEHAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARISA O'DWYER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JUDith m AVENI | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM l DANDRIDGE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT F LUCEY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| donald j mackinnon | |||||||
| CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | |
| RICHARD J DANIELS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GREGORY P DESCHENES | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD R GOLDFARB | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARK FREITAS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN F POOLE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| suzanne genest sullivan | |||||||
| VICE CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | |
| ERIC p LIMONT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CHARLES S GAZIANO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ARTHUR R OSWALD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PETER s CAHALL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID P GOODING | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| NEIL MCLAUGHLIN | |||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 | |
| paula l becker | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| john j calnan | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| julian h cherubini | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| miniard culpepper sr | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| robert f daylor | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| james j ferrera | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| judith b hale | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| mira b irons | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| thomas m kent | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| daniel budde | |||||||
| truSTEE | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM T KOSKORES | |||||||
| headMASTER | 40.00 | X | 328426 | 0 | 246918 | ||
| WILLIAM f STEPHENSON | |||||||
| business mgr./assist. treasurer | 40.00 | X | 163719 | 0 | 37640 | ||
| mark e gutierrez | |||||||
| director of development | 40.00 | 148770 | 0 | 30252 | X | ||
| michael l clarke | |||||||
| head of upper school | 40.00 | 137637 | 0 | 30602 | X | ||
| jonathan white | |||||||
| director of admissions | 40.00 | 104795 | 0 | 93619 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 883347 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 439031 | 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 (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Sage Dining Services Inc | |||||
| 222 Bosley Avenue Suite B-7 | Towson | MD | 21204 | Food Service Mgmt. | 540501 |
| Joseph Ingle Bus Service Inc | |||||
| po box 1185 | hanover | MA | 02339 | Transportation | 502872 |
| Acella Construction Corp Inc | |||||
| 62 Accord park Drive | Norwell | MA | 02061 | Contractor | 390364 |
| lc anderson inc | |||||
| 15 soldiers field place | boston | MA | 02135 | hvac maint contract and repairs | 322393 |
| SJ Services Inc | |||||
| 20 locust street ste 202 | danvers | MA | 01923 | Custodial Services | 212697 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Fundraising Events | 139598 | FundraisingEvents |
| All Other Contributions | 1518948 | AllOtherContributions |
| Noncash Contributions | 91191 | NoncashContributions |
| Total Contributions | 1658546 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 22329809 | 22329809 |
| SUMMER PROGRAMS | 611710 | 629340 | 629340 |
| TRANSPORTATION | 480000 | 216460 | 216460 |
| Auxiliary | 611710 | 27387 | 27387 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23202996 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 616816 | TotalRevenueColumn |
| Unrelated Business Revenue | 131 | UnrelatedBusinessRevenue |
| Exclusion | $616,685 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 413203 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 78147 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 335056 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 335056 | TotalRevenueColumn |
| Exclusion | $335,056 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2007168 | Securities |
| Other | 5450 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1734285 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 272883 | Securities |
| Other | 5450 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 278333 | TotalRevenueColumn |
| Exclusion | $278,333 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 56011 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 139598 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 56011 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 139593 | GrossSalesOfInventory |
| Cost Of Goods Sold | 131820 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7773 | TotalRevenueColumn |
| Exclusion | $7,773 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| program trips | 611710 | 185203 | 185203 | |
| interest - fw aid loan | 900099 | 12706 | $12,706 | |
| VENDING MACHINE INCOME | 722210 | 2310 | $2,310 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39212 | TotalRevenueColumn |
| Related Or Exempt Function Income | 39212 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 239431 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26338951 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23427411 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 131 | UnrelatedBusinessRevenue |
| Exclusion | $1,252,863 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4221319 | Total |
| Program Services | 4221319 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 657514 | Total |
| Management And General | 545685 | ManagementAndGeneral |
| Fundraising | 111829 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9621307 | Total |
| Program Services | 8205250 | ProgramServices |
| Management And General | 1002220 | ManagementAndGeneral |
| Fundraising | 413837 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 853692 | Total |
| Program Services | 712827 | ProgramServices |
| Management And General | 111105 | ManagementAndGeneral |
| Fundraising | 29760 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1735035 | Total |
| Program Services | 1304607 | ProgramServices |
| Management And General | 413626 | ManagementAndGeneral |
| Fundraising | 16802 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 702460 | Total |
| Program Services | 597863 | ProgramServices |
| Management And General | 76443 | ManagementAndGeneral |
| Fundraising | 28154 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17850 | Total |
| Management And General | 17850 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61250 | Total |
| Management And General | 61250 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36787 | Total |
| Management And General | 36787 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180503 | Total |
| Program Services | 24314 | ProgramServices |
| Management And General | 155689 | ManagementAndGeneral |
| Fundraising | 500 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80798 | Total |
| Program Services | 5890 | ProgramServices |
| Management And General | 58856 | ManagementAndGeneral |
| Fundraising | 16052 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1813179 | Total |
| Program Services | 1619359 | ProgramServices |
| Management And General | 193820 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200003 | Total |
| Program Services | 197285 | ProgramServices |
| Management And General | 2718 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45713 | Total |
| Program Services | 36445 | ProgramServices |
| Management And General | 8568 | ManagementAndGeneral |
| Fundraising | 700 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1358346 | Total |
| Program Services | 1358346 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2596715 | Total |
| Program Services | 2518814 | ProgramServices |
| Management And General | 77901 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67911 | Total |
| Program Services | 3497 | ProgramServices |
| Management And General | 64414 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| supplies | 766992 | 633761 | 43688 | 89543 |
| athleticS | 501714 | 501714 | ||
| FOOD SERVICES | 494074 | 431938 | 15144 | 46992 |
| instructional | 152191 | 152191 | ||
| telephone | 123494 | 24699 | 74096 | 24699 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 963680 | Total |
| Program Services | 511110 | ProgramServices |
| Management And General | 358983 | ManagementAndGeneral |
| Fundraising | 93587 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27252527 | Total |
| Program Services | 23061229 | ProgramServices |
| Management And General | 3318843 | ManagementAndGeneral |
| Fundraising | 872455 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18552 | BOY |
| EOY | 33997 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1107424 | BOY |
| EOY | 1666986 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4120766 | BOY |
| EOY | 3127898 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 445886 | BOY |
| EOY | 498421 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55779 | BOY |
| EOY | 58004 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 277381 | BOY |
| EOY | 341551 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 81515575 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22548358 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60036042 | BOY |
| EOY | 58967217 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 259192 | BOY |
| EOY | 2288430 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27044261 | BOY |
| EOY | 28239291 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1982259 | BOY |
| EOY | 2117644 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95347542 | BOY |
| EOY | 97339439 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1600300 | BOY |
| EOY | 1880384 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5731521 | BOY |
| EOY | 6013726 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30340000 | BOY |
| EOY | 29790000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3050146 | BOY |
| EOY | 4120419 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40721967 | BOY |
| EOY | 41804529 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36704157 | BOY |
| EOY | 36732386 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6613919 | BOY |
| EOY | 7347391 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11307499 | BOY |
| EOY | 11455133 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54625575 | BOY |
| EOY | 55534910 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95347542 | BOY |
| EOY | 97339439 | 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 | 25170519 | BeginningOfYearBalance |
| Contributions | 165199 | Contributions |
| Investment Earnings Or Losses | 3797085 | InvestmentEarningsOrLosses |
| Other Expenditures | 1830559 | OtherExpenditures |
| End Of Year Balance | 27302244 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 35422189 | BeginningOfYearBalance |
| Contributions | 1196574 | Contributions |
| Investment Earnings Or Losses | -6911420 | InvestmentEarningsOrLosses |
| Other Expenditures | 4536824 | OtherExpenditures |
| End Of Year Balance | 25170519 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.40200 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.41960 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.17840 | 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 | 8967192 | OtherCostOrOtherBasis |
| Book Value | 8967192 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 65777072 | OtherCostOrOtherBasis |
| Depreciation | 17963060 | Depreciation |
| Book Value | 47814012 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6039953 | OtherCostOrOtherBasis |
| Depreciation | 4585298 | Depreciation |
| Book Value | 1454655 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 731358 | OtherCostOrOtherBasis |
| Book Value | 731358 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58967217 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMONFUND BOND INVESTMENTS | 7307872 | F |
| COMMONFUND EQUITY INVESTMENTS | 20585095 | F |
| other commonfund investments | 346324 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 28239291 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| other liabilities | $214,770 |
| FAIR VALUE OF INTEREST RATE SWAP AGREEMENT | $3,905,649 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4120419 | TotalOfAmounts |
| Total Revenue | 26338951 | TotalRevenue |
| Total Expenses | 27252527 | TotalExpenses |
| Excess Or Deficit For Year | -913576 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2959794 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -72266 | PriorPeriodAdjustments |
| Other | -$1,064,617 | OtherAmount |
| Total Adjustments | 1822911 | TotalAdjustments |
| Excess Or Deficit Per FS | 909335 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 29174806 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2959794 | NetUnrealizedGainsInvestments |
| Other Revenues | -306626 | OtherRevenues |
| Revenue Not Rptd F990 | 2653168 | RevenueNotRptdF990 |
| Revenue Subtotal | 26521638 | RevenueSubtotal |
| Other Revenues Not Included | -182687 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -182687 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 26338951 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 28265471 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1247304 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1247304 | ExpensesNotRptdF990 |
| Expenses Subtotal | 27018167 | ExpensesSubtotal |
| Other Expenses Not Included | 234360 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 234360 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 27252527 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | the academy's investment policy states two primary functions for the endowment. the first is to provide long-term security and financial stability for the academy. in fulfilling this mission, the board of trustees of the academy seeks to preserve the purchasing power of the endowment in perpetuity, thereby sustaining its ability to support future programs. the second function of the endowment is to maximize, within an appropriate level of volatility and risk, the total rate of return earned by the endowment. the academy intends to use its endowment funds for the operating activities of the academy. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | THE ACADEMY ADOPTED THE PROVISIONS OF THE ACOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES DURING THE FISCAL YEAR ENDED JUNE 30, 2009. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION MUST MEET IN CONNECTION WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY AN ENTITY BEFORE BEING MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS EVALUATED THE APPLICATION OF THE STANDARD AND HAS DETERMINED THAT THE ADOPTION OF THE STANDARD DOES NOT HAVE A MATERIAL IMPACT ON THE ACADEMY'S FINANCIAL STATEMENTS. |
| Part XI, Line 8 - Other Adjustments: | changes in value of interest rate swap agreements: -1017917. change in value of gift annuities: -29135. distributions from beneficial interest : -17500. change in value of beneficial interest in perpetual trust: -65. | |
| Part XII, Line 2d - Other Adjustments: | investment fees netted with revenue on audited financial statements: -36787. program trip expenses netted with revenue on audited financial statements: -197285. BAD DEBT EXPENSEs netted with revenue on audited financial statements: -288. prior period adjustment netted with revenue on audited financial statements: -72266. | |
| Part XII, Line 4b - Other Adjustments: | FUNDRAISING EXPENSE reported on Form 990, part Viii, line 8b: -56011. cost of goods sold reported on form 990, part viii, line 10b: -126676. | |
| Part XIII, Line 2d - Other Adjustments: | FUNDRAISING EXPENSE reported on Form 990, part Viii, line 8b: 56011. CHANGE IN VALUE OF GIFT ANNUITIES: 29135. changes in value of interest rate swap agreements: 1017917. distributions from beneficial interest : 17500. change in value of beneficial interest in perpetual trust: 65. cost of goods sold reported on form 990, part viii, line 10b: 126676. | |
| Part XIII, Line 4b - Other Adjustments: | investment fees netted with revenue on audited financial statements: 36787. program trip expenses netted with revenue on audited financial statements: 197285. BAD DEBT EXPENSEs netted with revenue on audited financial statements: 288. |
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 | Published in the Boston Globe on December 6, 2009. | 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 G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | auction | NameOfEvent1 |
| Gross Receipts Event1 | 128409 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 105190 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 23219 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 23219 | OtherDirectExpensesEvent1 |
| Name Of Event2 | golf tourney | NameOfEvent2 |
| Gross Receipts Event2 | 67200 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 34408 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 32792 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 32792 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 195609 | GrossReceiptsTotal |
| Charitable Contributions Total | 139598 | CharitableContributionsTotal |
| Gross Revenue Total Events | 56011 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 56011 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 56011 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | financial assistance | TypeOfGrant |
| Number Of Recipients | 220 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 4221319 | AmountOfNonCashAssistance |
| Method Of Valuation | fmv | MethodOfValuation |
| Description Of Non Cash Assistance | scholarships | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: the academy provides financial aid to students who are eligible. students who wish to apply must complete an application and submit IT along with COPIES OF THEIR tax returns to the academy, who will determine if the criteria are met for financial aid. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM T KOSKORES | |||||||||||||
| 251428 | 0 | 0 | 0 | 76998 | 0 | 161118 | 0 | 85800 | 0 | 575344 | 0 | 0 | 0 |
| WILLIAM f STEPHENSON | |||||||||||||
| 136175 | 0 | 0 | 0 | 27544 | 0 | 17200 | 0 | 20440 | 0 | 201359 | 0 | 0 | 0 |
| mark e gutierrez | |||||||||||||
| 117877 | 0 | 0 | 0 | 30893 | 0 | 15200 | 0 | 15052 | 0 | 179022 | 0 | 0 | 0 |
| michael l clarke | |||||||||||||
| 101103 | 0 | 0 | 0 | 36534 | 0 | 14150 | 0 | 16452 | 0 | 168239 | 0 | 0 | 0 |
| jonathan white | |||||||||||||
| 83090 | 0 | 0 | 0 | 21705 | 0 | 11100 | 0 | 82519 | 0 | 198414 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | THE ACADEMY PROVIDES A HOUSING ALLOWANCE AND AN ALLOWANCE FOR SOCIAL CLUB TO THE HEADMASTER, WILLIAM T. KOSKORES. THE VALUE OF THESE BENEFITS ARE INCLUDED IN PART II, COLUMN (B)(III). |
| Part I, Line 4a | THE ACADEMY HAS TWO DEFERRED COMPENSATION AGREEMENTS WITH the headmaster FOR THE BENEFIT OF THE headmaster. THE AGREEMENTS HAVE VESTING AND TERMINATION PROVISIONS AND THE ACCOUNTS ARE CREDITED QUARTERLY WITH EARNINGS BASED ON THE RETURN OF THE ACADEMY'S ENDOWMENT FUND. THE EXPENSE OF THESE AGREEMENTS IS INCLUDED IN part ii, column (c). |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | mass development | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| CUSIP Number | 57583rms1 | CUSIPNumber |
| Date Issued | 2007-06-07 | DateIssued |
| Issue Price | 30340000 | IssuePrice |
| Description Of Purpose | see schedule o | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 30340000 | TotalProceeds |
| Amount Defeased | 20042724 | AmountDefeased |
| Issuance Costs From Proceeds | 742636 | IssuanceCostsFromProceeds |
| Capital Expenditures | 9554640 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | 1 | 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 | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | 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 | depfa bank and | BusinessNameLine1 |
| Business Name Line2 | royal bank of | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedge |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 83191 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | piano | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 8000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | fair market value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributors: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | NUMBER OF CONTRIBUTIONS REPORTED IS THE NUMBER OF CONTRIBUTIONS RECEIVED | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | the prepared form 990 is reviewed in detail by the controller and the assistant treasurer. following the review, a full version copy of the final draft form 990 is provided to the board chair and the finance chair for their review. the remainder of the trustees are notified that A public dislosure version of the final draft form 990 is available on the board of trustees section of the academy's website for their review in advance of the board meeting at which questions may be asked. at this meeting they are asked to specifically approve the filing of this final version with the irs. | |
| Form 990, Part VI, Section B, line 12c | trustees and key employees are required annually to complete an "annual disclosure of affiliations and conflict of interest" form. the headmaster requests these from key employees and the forms are returned to the assistant treasurer for review and safe keeping. the chairman of the board of trustees requests these from all trustees, and the assistant to the headmaster provides follow up to ensure all are received. the COMPLETED FORMS are then routed to the assistant treasurer for review and safe keeping. | |
| Form 990, Part VI, Section B, line 15 | COMpensation of the school's headmaster is set by a vote of the full board of trustees (in executive session), acting on the recommendation of a specifically tasked sub-committee. the sub-committee is composed of the standing committee chairs AND the board chair. THE SUB-COMMITTEE meets as necessary in order to prepare that recommendation. comparability data reviewed by the sub-committee includes regular annual salary, deferred compensation amounts and the value of other benefits provided. this is provided by the school's business manager, who obtains it from the database maintained by the national association of independent schools (NAIS). it is provided in statistical format without identifying amounts with specific schoolS, showing minimum, maximum, mean, median, and quartile figures for the 14 schoolS that are considered a meaningful peer group for thayer academy. the same group is used consistently from year to year. compensation of other key employees is set by the headmaster. in doing so THE HEADMASTER is guided by the same peer group comparative data provided by the business manager for THE FOLLOWING POSITIONS: director of admissions, director of communications, director of development, athletic director, director of technology, business manager and the headS of THE middle school and upper school divisions. | |
| 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. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. | |
| schedule k, part i, column f | Funding for various capital projects. a portion of bond proceeds was used to refund a previous $20 million 2004 bond issue. | Purpose of Bond Issued: |