2024-04-19T19:08:13-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 JOHN HELLER HEAD OF SCHOOL 7817490746 2024-04-15 1 JOHN HELLER 999009999 0 JOHN TOSCANO P00358542 8605614000 2024-04-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z COLLEEN RAMSDEN 56 BURDITT AVENUE HINGHAM MA 02043 22057400 0 X WWW.DERBYACADEMY.ORG X 1784 MA DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 18 18 176 150 0 0 1144537 1173646 13383866 13909937 1437525 443488 183726 156207 16149654 15683278 805460 729736 0 0 9172921 10132715 0 0 590419 4448295 4785379 14426676 15647830 1722978 35448 40362447 41593451 16261596 16597088 24100851 24996363 DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 0 0 11932375 588200 13320807 INSTRUCTION AND STUDENT ACTIVITIES FOR APPROXIMATELY 350 STUDENTS IN PRE-KINDERGARDEN THROUGH GRADE 8. ACHIEVEMENTS INCLUDING ACADEMIC ADVANCEMENT TO THE NEXT GRADE LEVEL FOR ALL STUDENTS, SOCIAL DEVELOPMENT THROUGH CLASSROOM ACTIVITIES, TEAM SPORTS, PERFORMING ARTS, FAMILY STYLE LUNCHES, AND DEVELOPMENT OF THE INTELLECTIAL CURIOSITY OF EACH STUDENT USING HIS OR HER LEARNING STYLE TO GUIDE THE PROCESS. 531270 141536 682053 SUMMER PROGRAMS FOR ARTS, EDUCATION, AND ACTIVITIES SERVING APPROXIMATELY 339 STUDENTS. ACHIEVEMENTS INCLUDE DEVELOPMENT OF STUDENT ABILTIIES IN PERFORMING ARTS, CREATIVE CRAFT, ATHLETICS, SCIENTIFIC EXPLORATION, AND OUTDOOR ACTIVITIES. 12463645 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 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 30 0 1 176 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 0 0 MA X ANTHONY BLACK 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 COLLEEN RAMSDEN HEAD OF SCHOOL 45.00 X 301538 0 38267 ANTHONY BLACK CHIEF FINANCIAL OFFICER 45.00 X 160225 0 33633 JESSICA OVERTON HEAD OF PRIMARY AND LOWER SCHOOL 45.00 X 127074 0 23312 MARY MURPHY DIR. OF CENTER FOR TEACHING&LEARNING 45.00 X 114184 0 27749 NAM DINH HR MANAGER/ CONTROLLER 45.00 X 124392 0 3559 TRACEY BOUCHER DIRECTOR OF COMMUNICATIONS 45.00 X 103753 0 22598 JOHN HELLER TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFREY ALEXANDER TRUSTEE/SECRETARY 1.00 X X 0 0 0 AJAY SADHWANI TRUSTEE/PRESIDENT 1.00 X X 0 0 0 JENNIFER LOWE NEWELL TRUSTEE 1.00 X 0 0 0 CAROLINE CURTIS HAYES TRUSTEE 1.00 X 0 0 0 CURTIS CETRULO TRUSTEE 1.00 X 0 0 0 JOHN DREW TRUSTEE 1.00 X 0 0 0 DEMI ISENSTADT TRUSTEE 1.00 X 0 0 0 ANDREA CARR HEDRICK TRUSTEE 1.00 X 0 0 0 HUNTER KASS TRUSTEE 1.00 X 0 0 0 SUZANNE NORRIS TRUSTEE 1.00 X 0 0 0 CAROLINE COUNSELMAN TRUSTEE 1.00 X 0 0 0 JEFFREY CAMUSO TRUSTEE 1.00 X 0 0 0 HELEN RA TRUSTEE 1.00 X 0 0 0 CHARLIE DAVIES TRUSTEE 1.00 X 0 0 0 EMILIE LIEBHOFF TRUSTEE 1.00 X 0 0 0 ANDY MCELANEY TRUSTEE 1.00 X 0 0 0 TOM NOBLE TRUSTEE 1.00 X 0 0 0 931166 0 149118 6 0 1 0 0 1173646 10570 1173646 TUITION AND FEES 611110 13700493 13700493 STUDENT SUPPORT SERVICES 611110 209444 209444 13909937 531459 531459 36850 0 36850 36850 36850 6242191 6330162 -87971 -87971 -87971 58242 31808 26434 26434 20328 12152 8176 8176 PARENTS ASSOCIATION INCOME 611110 64122 64122 MISCELLANEOUS REVENUE 611110 20625 20625 84747 15683278 14002860 0 506772 729736 729736 590131 36291 444966 108874 7177019 6171272 779539 226208 378027 336515 34429 7083 1431697 1302160 107655 21882 555841 445192 85929 24720 141556 141556 82750 82750 52821 52821 535003 86873 366130 82000 96579 51377 30155 15047 369864 331828 31801 6235 934208 895186 29778 9244 110217 30106 43199 36912 86795 22131 64664 806140 723975 75381 6784 160157 141272 18248 637 FOOD 684280 663751 13686 6843 DUES AND SUBSCRIPTIONS 219492 65123 134361 20008 TRANSPORTATION 179350 179350 PROFESSIONAL DEVELOPMEN 113643 110215 2953 475 212524 141292 53765 17467 15647830 12463645 2593766 590419 2817 124999 3198952 3012734 150237 153879 10247994 10786415 32694 43673 194889 147841 25321740 11715477 13561066 13606263 12973798 13717647 40362447 41593451 889588 790946 12350930 12949258 3021078 2856884 16261596 16597088 X 17088366 17678496 7012485 7317867 24100851 24996363 40362447 41593451 35448 860064 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12671173 70157 1231002 32340 466560 13473432 15226049 185134 -2553877 23600 162533 12671173 11694190 169989 3761870 45527 354473 15226049 11944331 125001 324858 700000 11694190 11501193 292283 550855 400000 11944331 0.47970 0.52030 0.00000 0 0 1058089 1058089 20396720 9338021 11058699 2282777 1522542 760235 1584154 854914 729240 13606263 15302460 860064 -1188061 -327997 15630457 52821 52821 15683278 14406948 -1188061 -1188061 15595009 52821 52821 15647830 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, INCLUDING FACILITY COSTS AND FINANCIAL AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 31,808. FINANCIAL AID AND TUITION REMISSION -1,232,021. SCHOOL STORE 12,152. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 31,808. FINANCIAL AID AND TUITION REMISSION -1,232,021. SCHOOL STORE 12,152. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN ALL BROCHURES, HANDBOOK AND PUBLICATIONS USED BY THE SCHOOL, THE STATEMENT IS INCLUDED. ALSO, AN ANNUAL STATEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER SPONSORED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. BASH AT THE COVE 14390 0 14390 853 2408 7894 1808 DERBY FAIR 43852 43852 17770 368 510 197 58242 58242 853 20178 8262 510 2005 31808 26434 1 FINANCIAL AID FOR ATTENDING STUDENTS 22 588200 FMV REDUCTION IN TUITION SUMMER ARTS TUITION ASSISTANCE 73 141536 FMV SUMMER ARTS TUITION ASSISTANCE PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE NAIS GUIDELINES AND ARE SET BY THE HEAD OF SCHOOL, CFO AND HEAD OF ADMISSIONS. THE FINANCIAL AID BUDGET IS THEN FORMALLY SET BY THE FINANCE COMMITTEE WITH APPROVAL BY THE BOARD ON A YEARLY BASIS. X X X 0 1 0 0 0 0 0 0 0 COLLEEN RAMSDEN HEAD OF SCHOOL 291538 0 0 0 10000 0 17875 0 20392 0 339805 0 0 0 ANTHONY BLACK CHIEF FINANCIAL OFFICER 160225 0 0 0 0 0 13699 0 19934 0 193858 0 0 0 JESSICA OVERTON HEAD OF PRIMARY AND LOWER SCHOOL 127074 0 0 0 0 0 3500 0 19812 0 150386 0 0 0 PART I, LINE 3 THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE. PART I, LINE 4B COLLEEN RAMSDEN RECEIVED $10,000 OF DEFERRED COMPENSATION FROM A 457F PLAN. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-26 1666025 TO PAY OFF PRIOR ISSUANCE FROM 2006 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-04-27 4750000 ACQUISITION OF PROPERTY 0 0 0 A 1127127 1666025 1666025 2007 1 0 1 1 B 2346601 4750000 100948 4649052 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 8B THE BOARD HAS AN EXECUTIVE COMMITTEE THAT CONSISTS OF THE OFFICERS OF THE BOARD AND THE CHAIRPERSONS OF THE STANDING COMMITTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE NOMINATED BY THE PRESIDENT AND ELECTED BY THE BOARD. THE COMMITTEE AND ITS MEMBERS SHALL SERVE AT THE PLEASURE OF THE BOARD. THE PRESIDENT OF THE BOARD SHALL BE CHAIRPERSON OF THE EXECUTIVE COMMITTEE UNLESS THE BOARD SHOULD DETERMINE OTHERWISE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS THAT MAY BE DELEGATED TO IT BY THE BOARD, AND IT SHALL REPORT BACK TO THE BOARD REGARDING ALL ACTIONS TAKEN ON THE BOARD'S BEHALF. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED BY THE INDEPEDENT ACCOUNTING FIRM, IT IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING REVIEWED AND APPROVED BY THE TREASURER. THE BOARD DOES NOT RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EACH NEW TRUSTEE BEFORE HE OR SHE IS ELECTED. ON AN ANNUAL BASIS, EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY THE POLICY. ANY CONFLICTS DISCLOSED ARE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A SUBCOMMITTEE OF THE BOARD. THIS PROCESS WAS LAST FOLLOWED IN 2023. THE HEAD OF SCHOOL'S COMPENSATION IS DOCUMENTED IN AN EMPLOYMENT CONTRACT. THE CFO'S COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.