2026-04-16T15:45:10-05:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 042104824 PARK SCHOOL CORPORATION PARK 6172772456 171 GODDARD AVENUE BROOKLINE MA 02445 FEMI OBI TREASURER 6172772456 2026-03-17 1 1 JOHN BUCKLEY CPA P00830631 5083669100 2026-03-17 2024 2025-03-06 01:10:19Z SCOTT YOUNG 171 GODDARD AVENUE BROOKLINE MA 02445 36531800 0 X PARKSCHOOL.ORG X 1923 MA THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION. THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE, COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL, AND MORAL GROWTH AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY. PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED. 23 23 400 150 180885 105464 2528081 4165000 31213848 31780095 240586 390499 97720 112604 34080235 36448198 5421351 5729475 0 0 20200207 21095493 0 91959 1353799 12280883 11981706 37902441 38898633 -3822206 -2450435 121478046 127211246 45753199 46345955 75724847 80865291 X THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION. THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE, COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL, AND MORAL GROWTH AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY. PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED. 0 0 23051233 5010526 27614830 PARK SCHOOL PROVIDES AN EXCEPTIONAL INDEPENDENT EDUCATION TO 555 STUDENTS ENROLLED FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. 2307402 200475 2270474 SUMMER AND EXTERNAL REVENUE - PARK SCHOOL OFFERS TWO SUMMER CAMPS ON CAMPUS TO PROVIDE MISSION-ALIGNED ACTIVITIES FOR CHILDREN IN THE SUMMER MONTHS. CREATIVE ARTS AT PARK IS A 5 WEEK CAMP WHERE CHILDREN AGES 7 TO 15 CAN EXPLORE THE FULL RANGE OF VISUAL AND PERFORMING ARTS. SUMMER AT PARK IS AN ACA-ACCREDITED CAMP FOR CHILDREN AGES 4 TO 15. CAMPERS CAN PARTICIPATE IN A WIDE VARIETY OF PROGRAMS OF VARYING DURATION THROUGHOUT THE SUMMER. 3317522 518474 1894791 AUXILIARY PROGRAMS - PARK SCHOOL PROVIDES AUXILIARY PROGRAMMING TO ENSURE ALL STUDENTS ARE ABLE TO ACCESS THE FULL PARK EXPERIENCE. AUXILIARY PROGRAMS INCLUDE TRANSPORTATION, AFTER-SCHOOL AND ENRICHMENT PROGRAMS, ACADEMIC SUPPORT TEACHING AND LEARNING. 28676157 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 66 0 1 400 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X KIMBERLY BOYD 6172772456 171 GODDARD AVENUE BROOKLINE MA 02445 SCOTT YOUNG HEAD OF SCHOOL 40.00 X X 552390 0 75803 LESLEY RYAN MILLER BOARD CHAIR 5.00 X X 0 0 0 GREG WOODS VICE CHAIR 5.00 X X 0 0 0 RAHUL BALLAL SECRETARY 5.00 X X 0 0 0 SARA FLEISS TREASURER 5.00 X X 0 0 0 KENT BENNETT TRUSTEE 3.50 X 0 0 0 LISE CHARLIER TRUSTEE 3.50 X 0 0 0 NICOLE DANFORTH TRUSTEE 3.50 X 0 0 0 MAY HARA TRUSTEE 3.50 X 0 0 0 TED NOON TRUSTEE 3.50 X 0 0 0 FEMI OBI TRUSTEE 3.50 X 0 0 0 RICHARD QUINCY TRUSTEE 3.50 X 0 0 0 ANNA SINAIKO TRUSTEE 3.50 X 0 0 0 AMANDA TEO TRUSTEE 3.50 X 0 0 0 SUSANNA WHITAKER WATERS TRUSTEE 3.50 X 0 0 0 DARREN ABRAHAMSON TRUSTEE 3.50 X 0 0 0 CELINA BARRIOS MILLNER TRUSTEE 3.50 X 0 0 0 JAMES BENENSON TRUSTEE 3.50 X 0 0 0 KELLY CAIAZZO TRUSTEE 3.50 X 0 0 0 JULIA LLOYD JOHANNSEN TRUSTEE 3.50 X 0 0 0 SEAN ABDUR RAHIM TRUSTEE 3.50 X 0 0 0 IVY ALPHONSE-CREAN TRUSTEE (AS OF 9/24) 3.50 X 0 0 0 NADIA FENTON-RAHIM TRUSTEE (AS OF 9/24) 3.50 X 0 0 0 SARA OFOSU-AMAAH TRUSTEE (AS OF 9/24) 3.50 X 0 0 0 KIMBERLY BOYD ASST HEAD OF SCHOOL-FINANCE AND OPS 40.00 X 228515 0 37699 KENNETH ROGERS ASST HEAD OF SCHOOL-PROGRAM AND INS 40.00 X 178712 0 45441 JOSEPH LEPORE DIR. OF FACILITIES AND CONSTRUCTION 40.00 X 145797 0 44995 TAYLA BURKE CONTROLLER 40.00 X 147559 0 40971 SHANNON O'LEARY DIRECTOR OF DEVELOPMENT 40.00 X 160918 0 20538 CHRISTINA FOX LOWER DIVISION HEAD 40.00 X 153206 0 19998 CAROLE CARTER DIRECTOR OF IT 40.00 X 161525 0 9924 1728622 0 295369 51 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 SCHOOL DINING 1205056 LOCAL MOTION PO BOX 190 DRACUT MA 01826 STUDENT TRANSPORTATION SERVICES 832180 J CALNAN & ASSOCIATES INC 3 BATTERYMARCH PARK QUINCY MA 02169 CONSTRUCTION SERVICES 465663 OUNCEIT LLC 205 NEWBURY STREET SUITE 202 FRAMINGHAM MA 01701 IT SERVICES 360273 STEFANO'S 200 WALNUT ST SUITE C SAUGUS MA 01906 SNOW REMOVAL & LAWN MAINTENANCE 158865 5 4165000 189017 4165000 TUITION 611600 27614830 27614830 EXTERNAL PROGRAMS 611600 2270474 2270474 AUXILIARY REVENUE 611600 1894791 1894791 31780095 390499 180885 209614 196206 83602 112604 112604 112604 36448198 31780095 180885 322218 5729475 5729475 1361117 379619 672179 309319 15337970 11601340 3450481 286149 606726 487985 114228 4513 2629188 1869062 673844 86282 1160492 820459 297719 42314 3596 3596 90820 90820 91959 91959 356915 356915 2606448 1652650 904921 48877 1289031 815931 346202 126898 1007798 726648 238912 42238 491654 485429 2592 3633 1036976 722369 271989 42618 3237011 2255757 848170 133084 FOOD AND KITCHEN 1172657 778390 307290 86977 PROFESSIONAL DEVELOPMEN 224985 171851 53134 DUES AND SUBSCRIPTIONS 170790 42641 91724 36425 EQUIPMENT 163240 41348 113862 8030 129785 95203 30099 4483 38898633 28676157 8868677 1353799 11965265 9132173 7997416 13911276 3039054 2505946 84721 12232 2069163 2322212 82485225 44593762 38978497 37891463 56669308 61427726 674622 8218 121478046 127211246 2377303 2992382 8819966 9620949 34539412 33724406 16518 8218 45753199 46345955 X 54294034 55847073 21430813 25018218 75724847 80865291 121478046 127211246 X -2450435 7623894 -33015 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 3 11.56 1 0 80.00 5000 59255532 171128 7480870 2515000 64392530 54532420 975508 6319604 2572000 59255532 53909005 39908 3109507 2526000 54532420 63017797 32886 -6601678 2540000 53909005 51500537 235488 15081772 3800000 63017797 0.68580 0.16270 0.15150 1 0 6774254 6774254 63514932 37410295 26104637 4742108 2793102 1949006 7453931 4390365 3063566 37891463 ALTERNATIVE INVESTMENTS 61427726 F 61427726 OPERATING LEASE LIABILITIES 8218 8218 X 38069304 7623894 7623894 30445410 356915 5645873 6002788 36448198 32928860 116617 116617 32812243 356915 5729475 6086390 38898633 PART II, LINE 9: CONSERVATION EASEMENTS ARE INCLUDED IN PROPERTY AND EQUIPMENT ON THE SCHOOL'S JUNE 30, 2025 STATEMENT OF FINANCIAL POSITION. THERE WERE NO NEW CONSERVATION EASEMENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2025. PART V, LINE 4: THE SCHOOL'S PRIMARY OBJECTIVE IS LONG-TERM CAPITAL APPRECIATION WHICH TOGETHER WITH INCOME WILL PROVIDE FOR THE GROWTH OF THE ENDOWMENT WHILE ALLOWING SUPPORT FOR CURRENT ACTIVITIES. THE SCHOOL HAS ADOPTED A SPENDING POLICY WHEREBY A PERCENTAGE OF THE HISTORICAL AVERAGE MARKET VALUE OF THE ENDOWMENT FOR PROGRAM SERVICES AND CAPITAL NEEDS IS DISTRIBUTED AND TREATED AS SUPPORT FOR OPERATING ACTIVITIES. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS NOT FULFILLED BY INTEREST AND DIVIDENDS, THE SCHOOL UTILIZES REALIZED GAINS OF ITS ENDOWMENT. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS EXCEEDED BY INTEREST AND DIVIDENDS, THE SCHOOL ADDS THE EXCESS INCOME TO ITS ENDOWMENT. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2025. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,729,475. RENTAL EXPENSES NETTED WITH REVENUE -83,602. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE 83,602. PROVISION FOR CREDIT LOSSES 33,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,729,475. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL POSTS ITS NON-DISCRIMINATION POLICY ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. THE NON-DISCRIMINATION POLICY IS ALSO POSTED ON THE DIVERSITY, EQUITY AND INCLUSION PAGE AND THE CAREERS PAGE OF THE SCHOOL'S WEBSITE. X X X 1 DEVELOPMENT GUILDDDI ONE BOSTON PLACE SUITE 2600 BOSTON MA 02108 PROFESSIONAL FUNDRAISING CONSULTANT 0 0 91959 -91959 91959 -91959 MA 1 FINANCIAL AID 320 5729475 PART I, LINE 2: FINANCIAL AID IS AWARDED TO FAMILIES BY COMMITTEE, INCLUDING THE DIRECTOR OF ENROLLMENT, CONTROLLER, AND THE DIRECTOR OF SECONDARY SCHOOL COUNSELING. THE COMMITTEE'S DECISION IS LARGELY BASED UPON THE CALCULATION BY AN ORGANIZATION, SCHOOL AND STUDENT SERVICES (SSS), WHICH IS OWNED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. ONCE THE COMMITTEE AWARDS A GRANT TO A FAMILY, AN EMAIL IS COMMUNICATED TO EACH FAMILY INDICATING THE AWARD, AND A CONTRACT IS EMAILED FOR THE AMOUNT OF TUITION THAT IS DUE FOR THE YEAR. THESE CONTRACTS ARE MAINTAINED IN A SECURE ONLINE STUDENT INFORMATION SYSTEM. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 SCOTT YOUNG HEAD OF SCHOOL 552390 0 0 0 0 0 40250 0 35553 0 628193 0 0 0 KIMBERLY BOYD ASST HEAD OF SCHOOL-FINANCE AND OPS 228515 0 0 0 0 0 36272 0 1427 0 266214 0 0 0 KENNETH ROGERS ASST HEAD OF SCHOOL-PROGRAM AND INS 178712 0 0 0 0 0 9888 0 35553 0 224153 0 0 0 JOSEPH LEPORE DIR. OF FACILITIES AND CONSTRUCTION 145797 0 0 0 0 0 9442 0 35553 0 190792 0 0 0 TAYLA BURKE CONTROLLER 147559 0 0 0 0 0 8525 0 32446 0 188530 0 0 0 SHANNON O'LEARY DIRECTOR OF DEVELOPMENT 160918 0 0 0 0 0 8633 0 11905 0 181456 0 0 0 CHRISTINA FOX LOWER DIVISION HEAD 153206 0 0 0 0 0 8093 0 11905 0 173204 0 0 0 CAROLE CARTER DIRECTOR OF IT 161525 0 0 0 0 0 9457 0 467 0 171449 0 0 0 PART I, LINE 1A SCHEDULE J - PART I TYPE OF BENEFITS: HOUSING NUMBER OF PERSONS LISTED WHO RECEIEVED THE BENEFITS: 1 TAXABILITY OF BENEFITS: NON-TAXABLE A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-08-01 5990000 FINANCE CONSTRUCTION 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-08-01 3630328 REFINANCE 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-08-01 15894672 REFINANCE 0 0 0 D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2022-08-01 10485000 FINANCE CONSTRUCTION 0 0 0 A 199030 5990000 90000 5900000 2024 0 0 0 1 B 228116 3630328 70000 3560328 2024 1 0 1 1 C 1154247 15894672 337304 81000 15675000 2024 1 0 1 1 D 336091 10485000 156000 10329000 2024 0 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 X 10 189017 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS SEAN ABDUR RAHIM AND NADIA FENTON-RAHIM HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A ALL PARENTS OF CHILDREN IN ATTENDANCE AT THE PARK SCHOOL ARE MEMBERS OF THE CORPORATION DURING SUCH PERIOD OF ATTENDANCE. ADDITIONALLY, INDIVIDUALS WITH LONG-STANDING CONNECTION TO THE SCHOOL MAY BE INVITED TO BE MEMBERS OF THE CORPORATION BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S CONTROLLER AND ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS ARE RESPONSIBLE FOR OVERSEEING THE PREPARATION OF IRS FORM 990 (990). THE 990 AND ITS SUPPORTING SCHEDULES WERE PREPARED BY THE PUBLIC ACCOUNTING FIRM AAFCPAS, INC. AAFCPAS, INC. IS RESPONSIBLE FOR AUDITING THE SCHOOL'S FINANCIAL STATEMENTS. AAFCPAS' WORK WAS BASED ON INFORMATION PROVIDED TO THEM DURING THE COURSE OF THE AUDIT BY THE SCHOOL'S BUSINESS OFFICE AND ADDITIONAL WORK REQUESTED SPECIFIC TO THE 990. THE CONTROLLER AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS PERFORMED A DETAILED REVIEW OF THE COMPLETED 990, REVIEWED THE 990 WITH THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES, AND PROVIDED A COPY OF THE RETURN TO THE BOARD OF TRUSTEES PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE AT THE FIRST BOARD MEETING OF EACH YEAR ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST. THE BOARD OF TRUSTEES MAY ALSO PROVIDE FOR SUCH CORRECTIVE ACTION AS IT DEEMS APPROPRIATE BY REASON OF A FAILURE TO DISCLOSE SUCH CONFLICT OF INTEREST, WHICH MAY INCLUDE REMOVAL FROM A POSITION OR OFFICE. DISCLOSURE FORMS SHALL BE UPDATED ANNUALLY OR SOONER IF CHANGED CIRCUMSTANCES REQUIRE DISCLOSURE. ALL PERSONS SUBJECT TO THIS POLICY ARE EXPECTED TO UPDATE THEIR ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST AT ANY TIME DURING THE YEAR THAT THE INFORMATION REQUESTED ON THE FORM CHANGES. THE ADMINISTRATION AND MAINTENANCE OF THE ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST SHALL BE THE RESPONSIBILITY OF THE CHAIR OF THE BOARD OF TRUSTEES, OR HIS/HER DESIGNEE. FORM 990, PART VI, SECTION B, LINE 15A THE COMMITTEE OF TRUSTEES INITIALLY DETERMINES COMPENSATION FOR THE HEAD OF SCHOOL. PROPOSED COMPENSATION IS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL. THE BOARD OF TRUSTEES VOTES TO APPROVE TOTAL COMPENSATION EXPENSE ON AN ANNUAL BASIS PRIOR TO THE DISTRIBUTION OF EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE SCHOOL'S OFFICE, WALKING INTO THE SCHOOL'S OFFICE OR MAILING IN A REQUEST TO THE SCHOOL. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE. ADDITIONALLY, THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE. FORM 990, PART XI, LINE 9: PROVISION FOR CREDIT LOSSES -33,015. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.