2024-04-30T13:16:31-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 042526455 INLY SCHOOL INC INLY 7815455544 46 WATCH HILL DRIVE SCITUATE MA 02066 HEATHER MCLELLAN DIR OF FINANCE & OPERATIONS 7815455544 2024-04-29 1 HEATHER MCLELLAN XXX-XX-XXXX 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HEATHER MCLELLAN 46 WATCH HILL DRIVE SCITUATE MA 02066 14075038 0 X WWW.INLYSCHOOL.ORG X 1973 MA TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE. 16 16 141 64 0 0 716262 2707762 9632527 11037503 9827 15414 139893 161011 10498509 13921690 1086869 1253772 0 0 6089470 7318812 0 0 469657 3155326 3342450 10331665 11915034 166844 2006656 15613460 17681081 7384688 7449719 8228772 10231362 INLY'S DYNAMIC, MONTESSORI PRACTICES INSPIRE OUR INCLUSIVE COMMUNITY OF LEARNERS TO EXPLORE AND SHAPE OURSELVES AND THE WORLD WITH JOYFUL CURIOSITY, COURAGE AND COMPASSION. 0 0 9629960 1253772 11106259 TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE. 9629960 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 73 0 1 141 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DONNA MILANI LUTHER 7815455544 46 WATCH HILL DRIVE SCITUATE MA 02066 X DONNA MILANI LUTHER HEAD OF SCHOOL 40.00 X 377947 0 7671 LINDA DEASY INTERIM DIR. OF FIN. AND OPERS. 40.00 X 165793 0 0 COURTNEY RUSILLO DIR. OF ADMISSIONS 40.00 X 131399 0 126 JENNIFER MCGONAGLE DIR. OF UPPER SCH. 40.00 X 104566 0 3160 STACEY BEST PRESIDENT 5.00 X X 0 0 0 ELIZABETH FEEHERRY VICE PRESIDENT 4.00 X X 0 0 0 CHARLES HALEY TREASURER 5.00 X X 0 0 0 CONOR COOPER SECRETARY 4.00 X X 0 0 0 DAVENPORT CROCKER JR TRUSTEE 1.00 X 0 0 0 PAUL ANTICO TRUSTEE 1.00 X 0 0 0 SANDY KRONITIS-SIPOLS TRUSTEE 1.00 X 0 0 0 MOIRA KELLY TRUSTEE 2.50 X 0 0 0 RYAN PENA TRUSTEE 1.00 X 0 0 0 LISA TYRRELL TRUSTEE 1.00 X 0 0 0 ALVIN DELGADO TRUSTEE 1.00 X 0 0 0 INGRID TUCKER TRUSTEE 1.00 X 0 0 0 BRIJAL PADIA TRUSTEE 1.00 X 0 0 0 JONATHAN MARIANO TRUSTEE 1.00 X 0 0 0 RICK HOUSLEY TRUSTEE 1.00 X 0 0 0 MIA ANTONIA SANTOSCOY-DOUGHERTY TRUSTEE 1.00 X 0 0 0 ADAM RUSSO TRUSTEE (UNTIL 2/2023) 1.00 X 0 0 0 779705 0 10957 4 0 1 0 0 60682 2647080 69302 2707762 TUITION AND FEES 611110 11037503 11037503 11037503 15993 15993 17951 18530 -579 -579 -579 227073 60682 134818 92255 92255 MISCELLANEOUS 900099 68756 68756 68756 13921690 11106259 0 107669 1253772 1253772 391614 352453 39161 5625263 4687972 695152 242139 129106 95493 28887 4726 743062 525778 190207 27077 429767 300837 111739 17191 59271 41490 15410 2371 36426 25498 9471 1457 126266 100420 9047 16799 205194 134254 42434 28506 117761 73998 39535 4228 308157 215710 80121 12326 109535 76675 28479 4381 477529 334270 124158 19101 70019 49013 18205 2801 TUITION REMISSION 858547 858547 EDUCATION/CLASSROOM EXP 614492 614492 CONTRACTED SERVICES 158054 110638 41094 6322 SCHOOL EVENTS 119798 73044 6795 39959 81401 58059 22230 1112 11915034 9629960 1815417 469657 3135416 3562488 171286 155819 200000 2042271 10029 147242 374630 141277 15795603 4323045 11582399 11472558 139700 159426 15613460 17681081 268333 119793 3800432 4104688 3315923 3225238 7384688 7449719 X 7610019 7571668 618753 2659694 8228772 10231362 15613460 17681081 2006656 -4066 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 184181 750 184931 204900 -20719 184181 142735 62165 204900 140140 2595 142735 133421 6719 140140 0.59890 0.40110 0 0 1273938 1273938 13731456 3920417 9811039 790209 402628 387581 11472558 X 11805304 -4066 -4066 11809370 2112320 2112320 13921690 9802714 0 9802714 2112320 2112320 11915034 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, 2023. THE SCHOOL'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,112,320. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,112,320. 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 POLICY IS PUBLICIZED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE), PUBLISHED IN THE BOSTON GLOBE AND ON ITS WEBSITE AT WWW.AISNE.ORG. THE PUBLIC ANNOUNCEMENTS INCLUDES A STATEMENT THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN OR QUALIFIED HANDICAPPED STUDENTS. MAY GALA & AUCTION 287755 60682 227073 1961 8721 48398 8593 67145 287755 60682 227073 1961 8721 48398 8593 67145 134818 92255 0 TUITION ASSISTANCE 93 1253772 BOOK REDUCTION TO TUITION AND FEES X X 0 0 0 0 0 0 0 0 0 DONNA MILANI LUTHER HEAD OF SCHOOL 326847 0 51100 0 0 0 6842 0 829 0 385618 0 0 0 LINDA DEASY INTERIM DIR. OF FIN. AND OPERS. 165793 0 0 0 0 0 0 0 0 0 165793 0 0 0 1 TRUSTEE 25075 NEED BASED FINANCIAL AID TUITION REDUCTION X 1 10353 FMV X AUCTION ITEMS 108 52150 FMV X SHED FOR ATHLETIC FIELD 1 6799 VALUE PROVIDED BY DO 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ANNUALLY, THE DIRECTOR OF FINANCE AND OPERATIONS WILL PRESENT THE COMPLETED FORM 990 AND ALL REQUIRED SCHEDULES TO THE MEMBERS OF THE AUDIT WORKING GROUP, THE PRESIDENT AND TREASURER OF THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT. ANY NECESSARY CHANGES WILL THEN BE UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES ARE MADE, THE FORM 990 AND ITS REQUIRED PUBLIC SCHEDULES WILL BE PRESENTED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL. UPON APPROVAL, THE FORM 990 AND ALL REQUIRED SCHEDULES WILL BE SIGNED BY THE TREASURER OR THE DIRECTOR OF FINANCE AND OPERATIONS AS A DIRECTED OFFICER OF INLY SCHOOL, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE FINAL FORM 990 AND ALL REQUIRED SCHEDULES WILL BE MAINTAINED BY THE DIRECTOR OF FINANCE AND OPERATIONS AND SECRETARY OF THE BOARD OF TRUSTEES. THE FORM 990 AND ALL REQUIRED SCHEDULES ARE AVAILABLE TO VIEW BY ALL MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS OF INLY SCHOOL UPON REQUEST AND APPROVAL FROM THE EXECUTIVE COMMITTE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE IN WRITING IF THEY OR ANY MEMBER OF THEIR FAMILIES, OR ANY ORGANIZATION WITH WHICH THEY ARE AFFILIATED, PRESENTLY TRANSACT ANY BUSINESS OR MIGHT REASONABLY BE EXPECTED TO DO SO IN THE FUTURE. MINUTES OF APPROPRIATE MEETINGS ARE TO REFLECT SUCH DISCLOSURE AND THAT SUCH BOARD MEMBER ABSTAINED FROM VOTING AND WAS NOT COUNTED FOR THE PURPOSE OF DETERMINING A QUORUM. BOARD MEMBERS MAINTAINING NO SUCH RELATIONSHIPS ATTEST TO THAT FACT IN WRITING AND AGREE TO NOTIFY THE BOARD SHOULD THEIR STATUS CHANGE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ADOPTED A POLICY FOR HIRING AND FOR SETTING COMPENSATION FOR THE HEAD OF SCHOOL WHICH PROVIDES FOR A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THE REVIEW INCLUDES A REVIEW OF COMPARABILITY DATA FROM VARIOUS SOURCES FOR SIMILAR ORGANIZATIONS. THE BOARD WILL RETAIN DOCUMENTATION OF DELIBERATIONS AND DECISIONS. THE ORGANIZATION HAS ADOPTED A POLICY FOR HIRING AND FOR SETTING COMPENSATION FOR OTHER KEY EMPLOYEES WHICH PROVIDES FOR A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THE REVIEW INCLUDES A REVIEW OF COMPENSATION PAID FOR SIMILAR POSITIONS FROM VARIOUS SOURCES FOR SIMILAR ORGANIZATIONS. THE COMPENSATION AMOUNT WILL THEN BE INCLUDED IN AN EMPLOYMENT CONTRACT FOR THESE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 INDIVIDUALS MAY CONTACT THE BUSINESS OFFICE TO SCHEDULE AN APPOINTMENT DURING NORMAL BUSINESS HOURS TO REVIEW THE DOCUMENTS. COPIES WILL BE PROVIDED FOR IN-PERSON, WRITTEN, TELEPHONE OR E-MAIL REQUESTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.