2024-02-07T17:52:25-06:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 042111216 HILLSIDE SCHOOL INC HILL 5084852824 404 ROBIN HILL STREET MARLBOROUGH MA 01752 EDWARD CHASE JR HEAD OF SCHOOL 5084852824 2024-01-31 1 EDWARD CHASE JR XXX-XX-XXXX 0 ZACHARY WILLIAM LAFLASH P02521174 6174711120 2024-01-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWARD CHASE JR 404 ROBIN HILL STREET MARLBOROUGH MA 01752 22495116 0 X WWW.HILLSIDESCHOOL.NET X 1901 MA SEE SCHEDULE O. 11 9 73 11 0 0 1331507 784547 6917265 6627887 271058 313700 584612 2536347 9104442 10262481 1026166 953567 0 0 4464958 4037747 0 0 345736 3792659 3934337 9283783 8925651 -179341 1336830 33049340 36423705 21475735 23458469 11573605 12965236 SEE SCHEDULE O. 0 0 6501331 953567 6627887 EDUCATION - PROVIDING EDUCATION TO STUDENTS. 6501331 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 73 1 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X EDWARD CHASE JR 5084852824 404 ROBIN HILL STREET MARLBOROUGH MA 01752 JOSH GROSS PREISDENT 2.00 X X 0 0 0 MICHAEL O'NEILL TREASUER 2.00 X X 0 0 0 EMILY WICK SECRETARY 2.00 X X 0 0 0 ED LATESSA TRUSTEE 2.00 X 0 0 0 ALEX SUGAR TRUSTEE 2.00 X 0 0 0 JOHN TEGAN TRUSTEE 2.00 X 0 0 0 JOAN O'CONNOR TRUSTEE 2.00 X 0 0 0 HARVEY ALLEN TRUSTEE 2.00 X 0 0 0 CAROLYN NUTT TRUSTEE 2.00 X 0 0 0 EDWARD CHASE JR HEAD OF SCHOOL 40.00 X 495309 0 0 EMILY KENT ASSISTANT HEAD FOR ADVANCE 40.00 X 179044 0 22525 FANG QI CHIEF FINANCIAL OFFICER 40.00 X 204623 0 9403 SEAN HAYES DIRECTOR OF ADMISSIONS 40.00 X 157955 0 27734 RICHARD BRANDE ADMISSIONS ASSOCIATE 40.00 X 107067 0 2358 1143998 0 62020 5 0 1 0 0 784547 784547 TUITION AND FEES 900099 6627887 6627887 6627887 300972 300972 12245363 12232635 12728 12728 12728 INSURANCE PROCEEDS 524298 1676225 1676225 MISCELLANEOUS REVENUE 900099 860122 860122 2536347 10262481 6627887 0 2850047 953567 953567 1143998 964954 179044 2238780 2098468 60416 79896 109619 75677 29315 4627 277539 247647 21271 8621 267811 193591 68525 5695 21098 21098 44100 44100 4746 4746 79093 44638 30973 3482 59154 48014 11140 166074 119323 42416 4335 916364 694943 215419 6002 80431 10610 35920 33901 524322 524322 914955 686216 228739 144838 108629 36209 FOOD 635487 635487 MISCELLANEOUS 208649 4869 197529 6251 STUDENT ACTIVITIES 101480 101480 DUES & SUBSCRIPTIONS 32673 1864 28067 2742 873 873 8925651 6501331 2078584 345736 557240 2015750 3576151 1990897 1662775 2269355 23531 15882 88970 95429 34837784 15457995 20088344 19379789 5555733 9074612 1496596 1581991 33049340 36423705 1574852 846261 15456766 15114635 4444117 7497573 21475735 23458469 X 8771613 10118822 2801992 2846414 11573605 12965236 33049340 36423705 1336830 54801 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1691436 59474 59474 1691436 1691436 67449 67449 1691436 1691436 1691436 1691436 1691436 1760462 69026 1691436 1.00000 0 0 223870 223870 28662540 11079367 17583173 2470774 2214741 256033 3480600 2163887 1316713 19379789 PERSONAL ACCOUNTS 155212 PREPAID MISCELLANEOUS 14850 PREPAID TUITION 7327511 7497573 X 10312536 54801 54801 10257735 4746 4746 10262481 8920905 0 8920905 4746 4746 8925651 PART V, LINE 4: THE SCHOOL INTENDS TO USE THE ENDOWMENT FUNDS FOR SCHOLARSHIP AND TUTORIAL PROGRAMS, CAPITAL PURCHASES AND IMPROVEMENTS, EDUCATIONAL MATERIALS, FACULTY DEVELOPMENT, ATHLETIC PROGRAMS, GENERAL OPERATING EXPENSES, AS WELL AS TO MAINTAIN THE LONGEVITY OF THE SCHOOL. PART X, LINE 2: FIN 48 DISCLOSURE U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MTLN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. INTEREST AND PENALTIES, IF ANY, RELATED TO ASSESSMENTS BY TAX AUTHORITIES WILL BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY, IN THE STATEMENT OF ACTIVITIES. A TAX POSITION MAY BE CONSIDERED AS TAKEN ANY TIME A TAXPAYER CHOOSES AMONGST ALTERNATIVES THAT AFFECT THE AMOUNT OF THEIR TAX OBLIGATIONS AND INCLUDE FOR EXAMPLE: TAX EMEMPT STATUS; STATUS AS A PASS-THROUGH ENTITY(S CORPORATION); DECISIONS NOT TO FILE IN CERTAIN JURISDICTIONS; ALLOCATION OF INCOME BETWEEN JURISDICTIONS AND THE CHARACTERIZATION OF INCOME OR EXPENSES. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. HILLSIDE SCHOOL HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATIONS, HILLSIDE SCHOOL HAS INDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS MLTN SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. HILLSIDE SCHOOL HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 (B)(1)(A)(VI). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY EXPLAINED IN BROCHURE GIVEN TO PROSPECTIVE STUDENTS AND TO ORGANIZATIONS SUPPORTING THE SCHOOL. AS STATED IN THE BROCHURE, THE SCHOOL DOES NOT DISCRIMINATE AGAINST RACE, COLOR, RELIGION, OR NATIONAL ORIGIN. ADDITIONALLY, THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE SCHOOL'S WEBSITE. 1 SCHOLARSHIPS PROVIDED TO STUDENTS 953567 FAIR MARKET VALUE OF STUDENT TUITION SCHOLARSHIPS PROVIDED TO STUDENTS WHICH REDUCE THE AMOUNT OF TUITION THE STUDENT IS REQUIRED TO PAY THE SCHOOL PART I, LINE 2: THE SCHOOL DOES NOT HAVE A PROCEDURE FOR MONITORING GRANT FUNDS BECAUSE THE SCHOOL DOES NOT AWARD ANY GRANTS. RATHER, THE SCHOOL PROVIDED OTHER ASSISTANCE TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS. X 1 1 X 0 0 0 0 0 0 0 0 0 EDWARD CHASE JR HEAD OF SCHOOL 495309 0 0 0 0 0 0 0 0 0 495309 0 0 0 FANG QI CHIEF FINANCIAL OFFICER 204623 0 0 0 0 0 0 0 9403 0 214026 0 0 0 EMILY KENT ASSISTANT HEAD FOR ADVANCE 179044 0 0 0 0 0 0 0 22525 0 201569 0 0 0 SEAN HAYES DIRECTOR OF ADMISSIONS 147955 0 10000 0 0 0 0 0 27734 0 185689 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RTD7 2019-10-16 16000000 REFINANCE OF PRIOR CONSTRUCTION/RENOVATION DEBT AND NEW CONSTRUCTION. 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990 - ORGANIZATION'S MISSION TO EDUCATE MIDDLE SCHOOL BOYS - ACADEMICALLY, SOCIALLY, ATHLETICALLY, AND SPIRITUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S HEADMASTER, BUSINESS MANAGER, AND TREASURER OF THE BOARD OF TRUSTEES REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES, THE HEADMASTER, ADMINISTRATORS, AND EMPLOYEES WITH PURCHASING AND/OR HIRING RESPONSIBILITIES OR AUTHORITY RECEIVE A LIST OF VENDORS WITH WHOM THE SCHOOL HAS TRANSACTED BUSINESS WITH DURING THE PRECEDING YEAR. ONCE THE AFOREMENTIONED INDIVIDUALS HAVE REVIEWED THE VENDOR LIST, THEY MUST COMPLETE A WRITTEN DISCLOSURE STATEMENT INDICATING ALL REPORTABLE CONFLICTS OR CONFIRMING THAT THERE ARE NO CONFLICTS TO REPORT. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE APPROPRIATE LEVEL OF AUTHORITY WITHIN THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION COMMITTEE DETERMINES THE COMPENSATION OF THE HEADMASTER. ADDITIONALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE HEADMASTER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE THROUGH THE HEADMASTER'S OFFICE UPON REQUEST. THE FINANCIAL STATEMENTS OF THE SCHOOL ARE NOT DISTRIBUTED TO THE PUBLIC. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.