2025-03-28T13:21:37-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 COLLEEN RAMSDEN HEAD OF SCHOOL 7817490746 2025-03-25 1 0 JOHN TOSCANO P00358542 8605614000 2025-03-24 2023 2025-03-06 01:10:19Z COLLEEN RAMSDEN 56 BURDITT AVENUE HINGHAM MA 02043 18121703 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. 19 19 183 150 0 0 1173646 1938323 13909937 14766474 443488 753839 156207 44300 15683278 17502936 729736 889539 0 0 10132715 11295196 0 0 647588 4785379 4277958 15647830 16462693 35448 1040243 41593451 43678900 16597088 16493880 24996363 27185020 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 11956180 710932 14076765 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. 630134 178607 715130 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. 12586314 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 28 0 1 183 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 0 0 MA X REBECCA RICHMOND 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 COLLEEN RAMSDEN HEAD OF SCHOOL 45.00 X 320503 0 36434 ANTHONY BLACK CHIEF FINANCIAL OFFICER 45.00 X 202487 0 35983 KRISTIN DONELAN DIRECTOR OF ADVANCEMENT 45.00 X 157004 0 7334 MARY MURPHY HEAD OF PRIMARY AND LOWER SCHOOL 45.00 X 150843 0 28019 JESSICA OVERTON HEAD OF PRIMARY AND LOWER SCHOOL 45.00 X 143304 0 26979 TRACEY BOUCHER DIRECTOR OF COMMUNICATIONS 45.00 X 120003 0 25735 DEBORAH LASALA UPPER SCHOOL FACULTY 45.00 X 118567 0 24892 AJAY SADHWANI TRUSTEE/PRESIDENT 1.00 X X 0 0 0 JEFFREY CAMUSO TRUSTEE/PRESIDENT-ELECT 1.00 X X 0 0 0 JOHN HELLER TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFREY ALEXANDER TRUSTEE/SECRETARY 1.00 X X 0 0 0 JENNIFER LOWE NEWELL 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 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 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 KEVIN GILL TRUSTEE A/O 09/2023 1.00 X 0 0 0 JEFF HAYWOOD TRUSTEE A/O 09/2023 1.00 X 0 0 0 KRISTY KENNEDY TRUSTEE A/O 09/2023 1.00 X 0 0 0 DAN RIVERA TRUSTEE A/O 09/2023 1.00 X 0 0 0 1212711 0 185376 14 0 1 0 0 192491 1745832 22750 1938323 TUITION AND FEES 611110 14595055 14595055 STUDENT SUPPORT SERVICES 611110 171419 171419 14766474 513623 513623 30869 0 30869 30869 30869 796958 556742 240216 240216 240216 50035 192491 62025 -11990 -11990 PARENTS ASSOCIATION INCOME 611110 25413 25413 MISCELLANEOUS REVENUE 611110 8 8 25421 17502936 14791895 0 772718 889539 889539 589382 35545 447202 106635 7877851 6520163 1082345 275343 464086 357082 91183 15821 1760103 1340815 354843 64445 603774 468601 106646 28527 176753 176753 41059 41059 39439 39439 250082 84748 143703 21631 86381 67873 6848 11660 388607 341748 35000 11859 818449 802080 16369 114601 11746 85642 17213 90960 12112 78848 670209 609889 54680 5640 136919 15061 121858 FOOD 602218 584152 12044 6022 DUES AND SUBSCRIPTIONS 300214 89482 187633 23099 TRANSPORTATION 160316 160316 PROFESSIONAL DEVELOPMEN 150966 107089 38488 5389 250785 88273 108208 54304 16462693 12586314 3228791 647588 124999 2895019 3012734 153879 76127 10786415 11505485 43673 44040 147841 127276 26206538 12383405 13606263 13823133 13717647 15207820 41593451 43678900 790946 846333 12949258 12956891 2856884 2690656 16597088 16493880 X 17678496 18975877 7317867 8209143 24996363 27185020 41593451 43678900 X 1040243 1158414 -10000 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13473432 261400 1774492 38418 521582 14949324 12671173 70157 1231002 32340 466560 13473432 15226049 185134 -2553877 23600 162533 12671173 11694190 169989 3761870 45527 354473 15226049 11944331 125001 324858 700000 11694190 0.47077 0.52923 0.00000 0 0 1058089 1058089 20507621 9700017 10807604 2762267 1770640 991627 1878561 912748 965813 13823133 17761647 1158414 -860264 298150 17463497 39439 39439 17502936 15572990 -850264 -850264 16423254 39439 39439 16462693 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 39,275. FINANCIAL AID -889,539. PLEDGE WRITE-OFF -10,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 39,275. FINANCIAL AID -889,539. 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. CENTENNIAL SOIREE 242526 192491 50035 22750 11229 21424 6622 242526 192491 50035 22750 11229 21424 6622 62025 -11990 1 FINANCIAL AID FOR ATTENDING STUDENTS 25 710932 FMV REDUCTION IN TUITION SUMMER ARTS TUITION ASSISTANCE 68 178607 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 0 1 0 0 0 0 0 0 0 COLLEEN RAMSDEN HEAD OF SCHOOL 320503 0 0 0 0 0 16000 0 20434 0 356937 0 0 0 ANTHONY BLACK CHIEF FINANCIAL OFFICER 202487 0 0 0 0 0 15954 0 20029 0 238470 0 0 0 KRISTIN DONELAN DIRECTOR OF ADVANCEMENT 157004 0 0 0 0 0 6808 0 526 0 164338 0 0 0 MARY MURPHY HEAD OF PRIMARY AND LOWER SCHOOL 150843 0 0 0 0 0 8167 0 19852 0 178862 0 0 0 JESSICA OVERTON HEAD OF PRIMARY AND LOWER SCHOOL 143304 0 0 0 0 0 7140 0 19839 0 170283 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 1301346 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 INDEPENDENT ACCOUNTING FIRM, IT IS REVIEWED BY THE CHAIR (TREASURER) OF THE FINANCE COMMITTEE. 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 XI, LINE 9: PLEDGE WRITE OFF -10,000. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.