2024-03-18T15:21:03-05:00 2023-06-30 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 302 WESTBOROUGH MA 01581 990 2022-07-01 042574089 THE WALDORF SCHOOL INC WALD 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 CHRISTIAN WEEKS TREASURER 7818631063 2024-03-18 1 CHRISTIAN WEEKS 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2024-03-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTIAN WEEKS 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 6013415 0 X WWW.THEWALDORFSCHOOL.ORG X 1971 MA THE WALDORF SCHOOL OF LEXINGTON NURTURES EACH CHILD'S CURIOSITY, INGENUITY, AND LOVE OF LEARNING SO THAT THEY CAN MEET THE FUTURE WITH WONDER, CONFIDENCE, AND RESILIENCE. 15 13 79 100 0 0 840290 249828 4633044 5029236 20372 109201 670220 445797 6163926 5834062 645700 730360 0 0 3630054 4212169 0 0 185333 950323 1174712 5226077 6117241 937849 -283179 6213572 6388677 1238986 1687513 4974586 4701164 X THE WALDORF SCHOOL OF LEXINGTON NURTURES EACH CHILD'S CURIOSITY, INGENUITY, AND LOVE OF LEARNING SO THAT THEY CAN MEET THE FUTURE WITH WONDER, CONFIDENCE, AND RESILIENCE. 0 0 4991110 730360 5029236 ONE OF OVER 1,200 WALDORF SCHOOLS WORLDWIDE, WALDORF SCHOOL OF LEXINGTON (WSL) SERVES NEARLY 200 STUDENTS FROM PRESCHOOL THROUGH GRADE EIGHT. OUR PROGRAM FEATURES HIGHLY TRAINED, EXPERIENCED FACULTY AND AN ACADEMIC CURRICULUM THAT IS CAREFULLY MAPPED TO CHILDREN'S SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENTAL STAGES. THE CORNERSTONE OF WSL'S EARLY CHILDHOOD PROGRAM IS CREATIVE FREE PLAY, WHICH RESEARCH INDICATES IS CRUCIAL FOR HEALTHY DEVELOPMENT. WE ARE INTENTIONAL IN OUR FOCUS ON DEVELOPMENT AT EARLY AGES AND DO NOT ACCELERATE ACADEMIC LEARNING IN PRESCHOOL OR KINDERGARTEN. CARING TEACHERS CREATE A WARM, NURTURING ENVIRONMENT, WHERE AN UNHURRIED CHILDHOOD CAN UNFOLD. THE SCHOOL OPENED FOR FULL IN-PERSON CLASSES IN SEPTEMBER 2020, FOLLOWING CLOSURE IN SPRING 2020 DUE TO THE COVID-19 PANDEMIC.THE SCHOOL ADOPTED SIGNIFICANT SAFETY PROTOCOLS AND MODIFIED A VARIETY OF ITS PROGRAMS TO ALLOW SAFER DELIVERY OF IN-PERSON LEARNING. THE SCHOOL WAS FULLY OPEN WITH IN PERSON LEARNING FOR THE 2020-2021 SCHOOL YEAR. 4991110 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 79 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X TIM REILLY INTERIM DIRECTOR OF FINANCE & OPERATIONS 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 ALISON DISALVO-RYAN PRESIDENT 1.00 X X 0 0 0 ITAI ROLNICK SECRETARY 1.00 X X 0 0 0 CHRISTA ANDREA FABER TRUSTEE/TEACHER 20.00 X 37213 0 17925 ANNE KELLY FORMER TRUSTEE 1.00 X 0 0 0 SAMARJIT SHANKAR TRUSTEE 1.00 X 0 0 0 DR LYDIA KNUTSON TRUSTEE 1.00 X 0 0 0 KATHLEEN WILLIAMS VICE PRESIDENT 1.00 X X 0 0 0 CHRISTIAN WEEKS TREASURER 1.00 X X 0 0 0 WALTER DUNCAN TRUSTEE 1.00 X 0 0 0 ELIZABETH READING TRUSTEE/TEACHER 40.00 X 47593 0 20948 LANCE BRISBOIS TRUSTEE 1.00 X 0 0 0 ANN WIEDIE TRUSTEE 1.00 X 0 0 0 CARLOS TROSTLI HEAD OF STRATEGIC INITIATIVES 40.00 X 68473 0 23673 ELLEN VARNEY FINANCE & OPERATIONS DIREC 40.00 X 106276 0 12535 LAUREN SMITH SCHOOL DIRECTOR 40.00 X 99029 0 11566 358584 0 86647 1 0 0 0 0 249828 49356 249828 TUITION AND FEES 611600 4924259 4924259 AUXILIARY ACTIVITIES 611600 104977 104977 5029236 24266 24266 175512 90577 84935 84935 84935 136479 88776 47703 47703 EMPLOYER RETENTION TAX 900099 379695 379695 MISCELLANEOUS INCOME 900099 18399 18399 398094 5834062 5427330 0 156904 730360 730360 540260 279826 215910 44524 3008048 2603525 313679 90844 376012 317407 57127 1478 287849 211644 71542 4663 21148 21148 106875 102169 4706 13635 13635 16123 834 13819 1470 183370 121677 44086 17607 40326 16139 23539 648 293625 235512 48441 9672 128878 105618 18406 4854 30949 24394 5434 1121 PROGRAM SUPPLIES AND EX 235839 235839 DONATED SUPPLIES 49356 47945 1411 PROFESSIONAL DEVELOPMEN 32967 32967 MISCELLANEOUS 21621 13788 5498 2335 6117241 4991110 940798 185333 1903158 886010 383221 105664 15000 17255 3245 4775 91892 102548 12609 30815 4831427 2522804 2359375 2308623 901023 861925 544049 2071062 6213572 6388677 44992 60267 1193994 464503 0 1162743 1238986 1687513 X 4321038 3990332 653548 710832 4974586 4701164 6213572 6388677 X -283179 16785 -7028 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 917946 600 102794 149024 872316 1029009 -111063 917946 805251 8525 215233 1029009 775131 20947 30190 21017 805251 686948 41625 46558 775131 0.22590 0.77410 0.00000 0 0 250000 250000 4047566 2177351 1870215 277000 122231 154769 217388 183749 33639 39473 39473 0 2308623 EMPLOYEE RETENTION TAX CREDITS RECEIVABLE 923744 RIGHT OF USE ASSET, OPERATING LEASE 1147318 2071062 OPERATING LEASE LIABILITY 1162743 1162743 5113459 16785 -7028 9757 5103702 730360 730360 5834062 5386881 0 5386881 730360 730360 6117241 PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF OBSOLETE EQUIPMENT -7,028. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 730,360. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 730,360. 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 SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY TO THE GENERAL PUBLIC IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE). 1 FINANCIAL AID 64 0 730360 ACTUAL AMOUNT OF TUITION REDUCTION FINANCIAL AID AS PART OF A TUITION ASSISTANCE PROGRAM PART I, LINE 2: THE TUITION ASSISTANCE PROGRAM (TAP) COMMITTEE OVERSEES THE ENTIRE TUITION ASSISTANCE APPLICATION AND AWARD PROCESS, AND MAKES ALL AWARD DECISIONS. THIS COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT AND MONITORING OF TUITION ASSISTANCE AWARDS TO ENSURE THEY ARE APPLIED PROPERLY TOWARDS TUITION OF THE SCHOOL AND THAT THE PROCESS FOR SELECTING RECIPIENTS IS IN ACCORDANCE WITH THE SCHOOL'S POLICIES. X AIR FILTERS, PIANO AND SUPPLIES 1 49356 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 UPDATED BY-LAWS FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF FORM 990, EXCEPT FOR SCHEDULE B DUE TO CONFIDENTIALITY REASONS, HAS BEEN DISTRIBUTED TO ALL BOARD MEMBERS IN HARD COPY OR EMAIL PRIOR TO ITS FILING. QUESTIONS AND CLARIFICATIONS CAN BE DIRECTED TOWARD THE DIRECTOR OF FINANCE AND OPERATIONS, TREASURER, OR FINANCE COMMITTEE MEMBERS PRIOR TO THE FILING DATE. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. THE FORM 990 AND ALL REQUIRED SUPPLEMENTAL SCHEDULES, EXCEPT FOR SCHEDULE B DUE TO CONFIDENTIALITY REASONS, HAVE BEEN REVIEWED FOR COMPLETENESS AND ACCURACY BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER ANNUALLY COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE TRUSTEE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE WALDORF SCHOOL INC. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE SCHOOL DIRECTOR, THE DIRECTOR OF FINANCE AND OPERATIONS, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. ANY INDIVIDUALS WITH IDENTIFIED CONFLICTS OF INTEREST DO NOT PARTICIPATE IN DISCUSSIONS OR VOTES WITH RESPECT TO THOSE MATTERS, NOR ARE THEY PERMITTED TO EXERT INFLUENCE ON ANY VOTING MEMBER REGARDING THOSE MATTERS. THIS POLICY IS APPLICABLE TO ALL OFFICERS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION POLICY STATES THAT THE PROCESS INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OR COMPENSATION COMMITTEE OF THE WALDORF SCHOOL INC, PROVIDED THAT PERSONS WITH CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFOED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED SITUATED ORGANIZATIONS. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THIS PROCESS WAS PERFORMED DURING THE CURRENT FISCAL YEAR FOR THE POSITIONS OF THE SCHOOL DIRECTOR AND FINANCE AND ADMINISTRATION DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THESE DOCUMENTS ARE MADE AVAILABLE IN THE SCHOOL'S MAIN BUSINESS OFFICE. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF OBSOLETE EQUIPMENT -7,028.