2024-05-01T14:59:28-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 042103632 TABOR ACADEMY TABO 5087482000 66 SPRING STREET MARION MA 02738 JAMES BONSEY ASSOC HEAD FOR FIN/OPS, CFO 5087482000 2024-04-30 1 JAMES BONSEY XXX-XX-XXXX 0 JOHN TOSCANO P00358542 8605614000 2024-04-30 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANTHONY JACCACI 66 SPRING STREET MARION MA 02738 59127911 0 X WWW.TABORACADEMY.ORG X 1876 MA TABOR ACADEMY IS A COEDUCATIONAL, COLLEGE PREPARATORY BOARDING AND DAY SCHOOL. 14 14 329 120 -30687 0 7065770 14705046 34966513 36800441 3494915 1273626 0 0 45527198 52779113 8621500 8884050 0 0 20109706 22142348 48784 33918 2867360 15916851 17410354 44696841 48470670 830357 4308443 129635296 140564011 38756046 42621657 90879250 97942354 TABOR ACADEMY FOCUSES ITS ACADEMIC PROGRAMS TO INSPIRE A LIFE-LONG LOVE OF LEARNING, TO INSTILL A PASSION FOR THE HIGHEST STANDARDS OF ACHIEVEMENT, TO ENCOURAGE PERSONAL RESPONSIBILITY, AND TO FOSTER CARE FOR OTHERS AND COMMITTED CITIZENSHIP. 0 0 38498083 8884050 36800441 TABOR ACADEMY EDUCATES APPROXIMATELY 538 STUDENTS. AS THE "SCHOOLBY THE SEA," TABOR SUSTAINS A UNIQUE MARITIME HERITAGE THATEMBODIES, IN ALL ITS PROGRAMS, THE QUALITIES A SEAGOING LIFEREQUIRES: THOUGHTFUL PREPARATION FOR, AND AWARENESS OF THE WIDERWORLD, PERSEVERANCE, COURAGE, GOOD HUMOR, A SENSE OF DIRECTION,AND HUMILITY. TABOR'S FACULTY COMMIT THEMSELVES TO BALANCING HIGHDEMANDS WITH GENUINE AFFECTION FOR THEIR STUDENTS AND TO FOSTERINGRELATIONSHIPS FOUNDED ON THE COMPASSION, PERSONAL INTEGRITY, ANDTRUST THAT ANCHOR TABOR'S COMMUNITY. 38498083 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 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 1 128 0 1 329 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X JAMES BONSEY 5082918370 66 SPRING STREET MARION MA 02738 JACCACI ANTHONY TT HEAD OF SCHOOL 40.00 X 411568 0 176636 SANFORD STEPHEN P CFO 40.00 X 246195 0 53921 FREY TIMOTHY L DIRECTOR OF TECHNOLOGY 40.00 X 140181 0 128213 LONG ERIC DIRECTOR OF ADMISSION 40.00 X 132906 0 212455 HURD ROBERT WATERFRONT DIRECTOR/FACULTY 40.00 X 211301 0 95365 HRASKY WILLIAM COACH/FACULTY 40.00 X 154109 0 22521 IRVINE JOSEPH DIRECTOR OF FACILITIES 40.00 X 133250 0 12340 SHAKIN REGINA TRUESTEE - CHAIR 4.00 X X 0 0 0 DAVIS G ERIC TRUSTEE - VICE CHAIR 3.00 X X 0 0 0 SPRAGUE STEPHEN P TRUSTEE - TREASURER 3.00 X X 0 0 0 EYLER ELIZABETH WELSH TRUSTEE - SECTRETARY 3.00 X X 0 0 0 BARKER JR DAVID B TRUSTEE 2.00 X 0 0 0 DEFILIPPO DAVID TRUSTEE 2.00 X 0 0 0 FRANCIS JENNIFER TRUSTEE 2.00 X 0 0 0 KO KELVIN PAN CHUEN TRUSTEE 2.00 X 0 0 0 PIERRE DUDLEY M TRUSTEE 2.00 X 0 0 0 RICE WILLIAM P TRUSTEE 2.00 X 0 0 0 ROBINSON CRAIG A TRUSTEE 2.00 X 0 0 0 SHIRE JACQUELINE TRUSTEE 2.00 X 0 0 0 STRAND ERIC H TRUSTEE 2.00 X 0 0 0 SUET NGAI TRUSTEE 2.00 X 0 0 0 1429510 0 701451 19 0 1 0 DELPHI CONSTRUCTION 255 BEAR HILL ROAD WALTHAM MA 02451 CONSTRUCTION SERVICES 7715356 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 1944548 NORTHSTAR REFRIGERATION INC 95 CAMELOT DRIVE UNIT 1 PLYMOUTH MA 02360 RINK REFRIGERATION PLANT UPGRADE SERVICE 1030005 DUCLOS CORPORATION DBA GLADDING-HEARN PO BOX 300 ONE RIVERSIDE AVENUE SOMERSET MA 02725 TABOR BOY SHOONER RESTORATAION AND REPAI 925111 IMPERIAL BUILDING MAINTENANCE INC 849 POST ROAD WARWICK RI 02888 CUSTODIAL SERVICES 634022 15 14705046 213112 14705046 TUITION 611110 35849194 35849194 STUDENT AND SUMMER PROGRAMS 611110 647299 647299 AUXILIARY ACTIVITIES 611110 303948 303948 36800441 1253050 -47873 1300923 6369374 6303643 45155 65731 -45155 20576 17186 3390 52779113 36800441 -30687 1304313 8884050 8884050 873619 141874 533122 198623 14700 14700 14134933 10730164 2067261 1337508 1291265 969451 195119 126695 5547519 4083981 917373 546165 280312 204067 47653 28592 508403 508403 103829 103829 33918 33918 407241 407241 1420019 1191900 217345 10774 813713 602414 154673 56626 457894 425932 27503 4459 2662186 2484818 152798 24570 475280 336244 81058 57978 662546 340335 60385 261826 606695 564347 36440 5908 2953863 2747681 177420 28762 749370 672476 62300 14594 FOOD SERVICES 2706903 2520995 159974 25934 ADMINISTRATIVE 1917215 731392 1096095 89728 STUDENT SUPPORT 380424 380424 INSTRUCTIONAL PROGRAMMI 278732 278732 306041 206806 99235 48470670 38498083 7105227 2867360 4167271 2663489 47347 811805 3744070 6195872 403862 181147 901066 490408 112191531 51231519 51705402 60960012 17732859 19418152 32064637 30318680 18868782 19524446 129635296 140564011 5458941 5917146 8631706 8173479 24268243 27069909 1000000 21231 15926 375925 445197 38756046 42621657 X 9824662 12418122 81054588 85524232 90879250 97942354 129635296 140564011 X 4308443 2385541 369120 X X 0 1 X 1 0 X 9695161 9260150 6370879 7065770 14705046 47097006 9695161 9260150 6370879 7065770 14705046 47097006 19993994 27103012 1090182 1128317 989818 1202497 1300923 5711737 52808743 169823139 0.51320 0.58180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59172929 4792202 3049932 788539 3611461 62615063 63481108 2961557 -5169736 786303 1313697 59172929 47988044 928054 16465010 677540 1222460 63481108 49134549 1221903 1424778 832200 2960986 47988044 48982386 414383 1538087 914060 886247 49134549 0.08457 0.91543 0.00000 0 0 786259 786259 90278129 38778998 51499131 4691352 2285494 2405858 15832559 10167027 5665532 603232 603232 60960012 INVESTMENT IN PARTNERSHIPS 30318680 F 30318680 BENEFICIAL INTEREST IN PERPETUAL TRUST 17542019 LOANS TO EMPLOYEES 4205 OTHER RECEIVABLES 15153 SECURITY DEPOSITS 20200 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 1506626 STOCK IN TRANSIT 28902 OVERFUNDED PENSION PLAN 316733 RIGHT OF USE ASSET 90608 19524446 CAPITAL LEASE PAYABLE 90667 ANNUITIES PAYABLE 354530 445197 46322159 2385541 -8514930 -6129389 52451548 327565 327565 52779113 39259055 0 39259055 327565 8884050 9211615 48470670 PART V, LINE 4: ENDOWMENT SERVES TO SUPPORT SCHOLARSHIPS, FACULTY, ACADEMIC AND EXTRACURRICULAR PROGRAMS, AND GENERAL ADMINISTRATION OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 776,284. PENSION RELATED COSTS 23,761. FINANCIAL AID -8,884,050. PROVISION FOR UNCOLLECTIBLE PLEDGES -430,925. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,884,050. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 TABOR ACADEMY PROMULGATES EACH YEAR, ITS NONDISCRIMINATORY POLICIES THROUGH SEVERAL ADS IN LOCAL AND REGIONAL NEWSPAPERS DURING THE PERIOD OF SOLICITATION OF STUDENTS. SEE PART II FOR ADDITIONAL INFORMATION. PART I, LINE 3 TABOR IS FOUNDED ON THE BELIEF THAT A HEALTHY SCHOOL COMMUNITY FINDS COMMON GROUND WHILE EMBRACING DIFFERENCES AND, THEREFORE, ACCEPTS A RACIALLY, ETHNICALLY, RELIGIOUSLY, ECONOMICALLY, AND INTERNATIONALLY DIVERSE STUDENT BODY. TO CULTIVATE AND SUSTAIN A MORE DIVERSE AND INCLUSIVE COMMUNITY, TABOR ACADEMY RECOGNIZES THAT OUR SUCCESS AS A 21ST CENTURY SCHOOL IS EMBEDDED IN A GENUINE UNDERSTANDING OF HOW THE COMPONENTS OF DIVERSITY REFLECT THE CORE VALUES OF OUR MISSION, WHICH IS ROOTED IN COMPASSION, RESPECT, TRUST, HONESTY, AND PERSONAL RESPONSIBILITY. DIVERSITY AT TABOR ENCOMPASSES RACE, ETHNICITY, GENDER, SOCIO-ECONOMIC STATUS, RELIGION, INTELLECTUAL AND PHYSICAL ABILITY, GENDER EXPRESSION, SEXUAL ORIENTATION, AGE, FAMILY STRUCTURE, LANGUAGE AND GEOGRAPHIC PLACE OF ORIGIN. WE RECOGNIZE THAT THE ESTABLISHMENT OF POLICIES, PRACTICES, AND PROGRAMS THAT SUPPORT THE INTERCONNECTEDNESS OF THESE CULTURAL IDENTIFIERS AND FURTHER DEVELOP THE CULTURAL COMPETENCY OF OUR COMMUNITY'S MEMBERS WILL ALLOW FOR TRUE DIALOGUE AND COLLABORATION WITHIN OUR SCHOOL AND WITH LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. TO THAT END, WE COMMIT OURSELVES TO BEING A COMMUNITY IN WHICH ALL MEMBERS HAVE VOICE, ARE GIVEN RESPECT, AND SEE THEIR IDENTITIES REFLECTED AND AFFIRMED IN THE CURRICULUM, CO-CURRICULUM AND PHYSICAL AND VIRTUAL ENVIRONMENTS OF THE SCHOOL. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4478074 0 0 0 0 0 0 4478074 0 4478074 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3(F) THE LISTED INVESTMENTS ARE PART OF THE SCHOOL'S ENDOWMENT. X X X X X 1 PG CALC INC 129 MOUNT AUBURN ST CAMBRIDGE MA 02138 RESEARCH AND ACTIVITY 0 0 3750 0 THE HELEN BROWN GROUP 489 MT AUBURN ST SUITE 4 WATERTOWN MA 02472 PROSPECT DEVELOPMENT 0 0 30168 0 33918 MA B 1 FINANCIAL AID 192 8821532 FMV TUITION ASSISTANCE OTHER ASSISTANCE 39 62518 FMV TEXT BOOK AND CLASSROOM NECCESSITIES, TESTING FEES, TRAVEL, PERSONAL NEEDS PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS AWARDED BY DEMONSTRATED NEED IN THE FORM OF TUITION REMISSION, AND THEY CAN ONLY BE USED TO REDUCE THE AMOUNT OF THE TUITION OWED BY A GIVEN FAMILY FOR AN ACADEMIC YEAR. NEED IS DETERMINED BY ANALYZING TAX FORMS AND/OR OTHER INFORMATION FROM SCHOOL SCHOLARSHIP SERVICE, PRINCETON,NJ. X X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 JACCACI ANTHONY TT HEAD OF SCHOOL 411568 0 0 0 0 0 29000 0 147636 0 588204 0 0 0 SANFORD STEPHEN P CFO 246195 0 0 0 0 0 19173 0 34748 0 300116 0 0 0 FREY TIMOTHY L DIRECTOR OF TECHNOLOGY 140181 0 0 0 0 0 17901 0 110312 0 268394 0 0 0 LONG ERIC DIRECTOR OF ADMISSION 132906 0 0 0 0 0 16722 0 195733 0 345361 0 0 0 HURD ROBERT WATERFRONT DIRECTOR/FACULTY 88835 0 0 0 122466 0 7351 0 88014 0 306666 0 0 0 HRASKY WILLIAM COACH/FACULTY 81585 0 0 0 72524 0 6483 0 16038 0 176630 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL AND INTERNATIONAL AIR TRAVEL - THE HEAD OF SCHOOL (HOS) AND DIRECTOR OF ADVANCEMENT MAY TRAVEL VIA FIRST CLASS ON OVERSEAS TRIPS (MORE THAN 7 HOURS) BUT ONLY IF TRAVEL REWARD PROGRAMS CAN BE USED THEREFORE LOWERING COST. TRAVEL BY TRAIN - THE HOS AND DIRECTOR OF ADVANCEMENT ON OCCASION USE AMTRAK FIRST CLASS TRAVEL TO NYC FOR BOARD AND ADVANCEMENT MEETINGS. USE OF TRAIN FIRST CLASS SIGNIFICANTLY IMPROVES WORK PRODUCTIVITY AND THE COST DIFFERENCE IS MINIMAL. THESE ARE NOT CONSIDERED TAXABLE TO THE HEAD OF SCHOOL AND DIRECTOR OF ADVANCEMENT. HOUSING AND PERSONAL SERVICES - CONSISTENT WITH THE ACADEMY'S UNIQUE BOARDING SCHOOL ENVIRONMENT, THE ACADEMY PROVIDES A RESIDENCE FOR PERSONAL USE FOR MULTIPLE PERSONNEL. PURSUANT TO HIS EMPLOYMENT CONTRACT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN CLOSE PROXIMITY TO CAMPUS TO SERVE HIS DUTIES AND RESPONSIBILITIES TO THE ACADEMY, INCLUDING ENTERTAINING STUDENTS, FACULTY, AND OTHER CONSTITUENTS, AND TO PROVIDE GUIDANCE AND A SAFE, WELCOMING LEARNING ENVIRONMENT FOR STUDENTS. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE ACADEMY AND IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. IN ADDITION, THE ACADEMY PROVIDES HOUSING FOR THE DIRECTOR OF ADMISSIONS AND THE BENEFIT IS REPORTED AS NON-TAXABLE COMPENSATION ON SCHEDULE J PART II, COLUMN D. THE ACADEMY IS RESPONSIBLE FOR MAINTAINING THE RESIDENCE FOR THE HEAD OF SCHOOL. THIS MAINTENANCE IS PROVIDED FOR THE BENEFIT OF THE ACADEMY AND IS NOT CONSIDERED TAXABLE INCOME TO THE HEAD OF SCHOOL. PART I, LINE 4A THE AMOUNTS REPORTED AS OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) FOR ROBERT HURD AND WILLIAM HRASKY REPRESENT SEVERANCE PAYMENTS MADE TO EACH INDIVIDUAL DURING THE TAX YEAR. PART I, LINE 2 THE ACADEMY REIMBURSES ALL EMPLOYEES, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES, FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE ACADEMY. ALL EXPENSES WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO REIMBURSEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RJN6 2020-05-01 19476000 SERIES A - REFINANCE EXISTING LTD 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-05-01 8000000 SERIES B - NEW CONSTRUCTION 0 0 0 A 83043 19476000 254537 19221463 2020 1 0 1 1 B 11899 8000000 51000 8000000 2023 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 18 213112 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS OF THE BOARD OF TRUSTEES, EXCEPT THE POWER TO AMEND THE BYLAWS OR TO TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD OF TRUSTEES, AND SHALL BE CALLED TOGETHER BY THE CHAIR, THE HEAD OF SCHOOL, OR ANY THREE OTHER MEMEBERS OF THE EXECUTIVE COMMITTEE AT THEIR DISCRETION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS AT A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY VIA BOARDEFFECT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE, ON AN ANNUAL BASIS, A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE CHIEF FINANCIAL OFFICER AS PART OF THE AUDIT COMMITTEE REPORT. THE QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE BOARD AND THE CHIEF FINANCIAL OFFICER, AS APPROPRIATE. IN THE EVENT THAT A BOARD MEMBER DOES DISCLOSE A CONFLICT, THAT PERSON IS RECUSED FROM DISCUSSIONS AND DOES NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL WAS DETERMINED PRIOR TO VALIDATING HIS EMPLOYMENT CONTRACT IN JANUARY 2021. AT THAT TIME, THE BOARD OF TRUSTEES UTILIZED DATA GATHERED BY THE ASSOCIATION OF BUSINESS OFFICERS OF PRIVATE SCHOOLS (ABOPS) TO IDENTIFY COMPARATIVE COMPENSATION BASED ON OFFICERS IN SIMILAR ROLES AT PEER INSTITUTIONS. ANNUALLY THEREAFTER, THE BOARD REVIEWS THE HEAD OF SCHOOL'S COMPENSATION AND MAKES ADJUSTMENTS, AS DEEMED APPROPRIATE. REVIEW OF COMPENSATION OF OTHER OFFICERS IS PERFORMED BY THE HEAD OF SCHOOL ANNUALLY USING SIMILAR COMPARATIVE DATA. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 776,284. PENSION RELATED CHARGES 23,761. PROVISION FOR UNCOLLECTIBLE PLEDGES -430,925. LINE 2C THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.