2024-04-29T16:46:27-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 042130844 BROOKS SCHOOL BROO 9787256300 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 9787256300 2024-04-29 1 PAUL GRIFFIN XXX-XX-XXXX 0 JOHN TOSCANO P00358542 8605614000 2024-04-29 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN PACKARD 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 48593656 0 X WWW.BROOKSSCHOOL.ORG X 1926 MA BROOKS SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT SEEKS TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES. 28 27 348 100 66508 0 9865941 14972120 24659348 25889082 2668675 1610491 0 265701 37193964 42737394 6195275 6615526 0 0 14444001 15949424 0 0 1612186 15132024 16256305 35771300 38821255 1422664 3916139 196716400 210365049 54292341 52050813 142424059 158314236 BROOKS SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT SEEKS TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES. 0 0 27988672 6615526 23691095 SECONDARY EDUCATION COLLEGE PREPARATORY SCHOOL FOR APPROXIMATELY 245 BOARDING AND 95 DAY STUDENTS WITH EDUCATIONAL AND AUXILIARY SCHOOL ACTIVITIES. 1426381 2197987 SUMMER PROGRAMS: YOUTH-DEVELOPMENT FOCUSED SUMMER CAMP FOR APPROXIMATELY 399 CAMPERS PER WEEK FOR EIGHT WEEKS, AGES FOUR TO FOURTEEN. TEEN LEADERSHIP PROGRAM FOR APPROXIMATELY 70 TEENAGERS PER WEEK FOR EIGHT WEEKS. SIX-WEEK ACADEMIC SUMMER SCHOOL FOR STUDENTS IN GRADES SEVEN THROUGH TWELVE. 29415053 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 108 0 1 348 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X PAUL GRIFFIN 9787256213 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 JOHN R PACKARD JR HEAD OF SCHOOL 50.00 X X 448438 0 105331 JOHN R BARKER PRESIDENT 2.00 X X 0 0 0 CHRISTINA E ANTELO VICE PRESIDENT 2.00 X X 0 0 0 WHITNEY ROMOSER SAVIGNANO VICE PRESIDENT 2.00 X X 0 0 0 CRAIG J ZIADY SECRETARY 2.00 X X 0 0 0 VALENTINE HOLLINGSWORTH TREASURER 2.00 X X 0 0 0 IRIS BONET TRUSTEE 2.00 X 0 0 0 PETER J CALDWELL TRUSTEE 2.00 X 0 0 0 CHARLES F CORNISH TRUSTEE 2.00 X 0 0 0 WJ PATRICK CURLEY III TRUSTEE 2.00 X 0 0 0 CATALINA DIB TRUSTEE 2.00 X 0 0 0 PETER VK DOYLE TRUSTEE 2.00 X 0 0 0 CHERYL M DUCKWORTH TRUSTEE 2.00 X 0 0 0 ANTHONY H EVERETS TRUSTEE 2.00 X 0 0 0 NANCY C FERRY TRUSTEE 2.00 X 0 0 0 JULIA SALTONSTALL HALEY TRUSTEE 2.00 X 0 0 0 PAUL L HALLINGBY TRUSTEE 2.00 X 0 0 0 BOOTH D KYLE TRUSTEE 2.00 X 0 0 0 BRIAN MCCABE TRUSTEE 2.00 X 0 0 0 DIANA MERRIAM TRUSTEE 2.00 X 0 0 0 SALLY T MILLIKEN TRUSTEE 2.00 X 0 0 0 IKENNA U NDUGBA TRUSTEE 2.00 X 0 0 0 DANIEL J RICCIO TRUSTEE 2.00 X 0 0 0 VIVEK SHARMA TRUSTEE 2.00 X 0 0 0 JULIANE GARDNER SPENCER TRUSTEE 2.00 X 0 0 0 ALESSANDRO F UZIELLI TRUSTEE 2.00 X 0 0 0 MEREDITH M VERDONE TRUSTEE 2.00 X 0 0 0 CHRISTOPHER T WOOD TRUSTEE 2.00 X 0 0 0 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 50.00 X 279342 0 58615 GAGE DOBBINS DIRECTOR OF INSTITUTIONAL ADVANCEMENT 50.00 X 196882 0 84809 SUSANNA WATERS ASSOCIATE HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 50.00 X 149969 0 47984 ELIZABETH MARTIN DIRECTOR OF FACILITIES AND PLANNING 50.00 X 142404 0 43649 KIMBERLY CRATTY DIRECTOR OF PSYCHOLOGICAL COUNSELING SERVICES 50.00 X 139729 0 18712 JO-ANN BEVIS DIRECTOR OF FINANCIAL OPERATIONS/CONTROLLER 50.00 X 135861 0 47328 1492625 0 406428 21 0 1 0 CONNOLLY BROTHERS INC 152 CONANT STREET BEVERLY MA 01915 CONSTRUCTION 3020946 CE FLOYD CO INC 135 SOUTH ROAD BEDFORD MA 01730 CONSTRUCTION 1999922 MERIWETHER GODSEY 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICE 1966468 MJ CATALDO INC PO BOX 1343 LITTLETON MA 01460 CONSTRUCTION 1231489 KISTLER & KNAPP BUILDERS INC 916 MAIN STREET ACTON MA 01720 CONSTRUCTION 975589 26 3566556 11405564 406587 14972120 TUITION AND FEES 611110 23200595 23200595 SUMMER PROGRAMS 611110 2197987 2197987 AUXILIARY INCOME 611110 490500 490500 25889082 586796 -9402 596198 6879957 5853754 2508 1026203 -2508 1023695 75910 947785 OTHER REVENUES 900099 265701 265701 265701 42737394 25889082 66508 1809684 6615526 6615526 907668 835054 63537 9077 11245611 6807852 3594508 843251 1170234 656890 412854 100490 1796258 1386321 309093 100844 829653 530176 241783 57694 36271 36271 640336 640336 720155 720155 842243 654486 115002 72755 215783 5244 185036 25503 270877 159134 79168 32575 1472637 1366467 92899 13271 140136 80460 33338 26338 273874 24690 53659 195525 865576 796330 60590 8656 5078457 4672180 355492 50785 453430 6263 447167 FOOD & DIETARY 1726483 1723654 2829 EDUCATIONAL ACTIVITIES 1337216 1284946 52166 104 REPAIRS & MAINTENANCE 914927 841682 64348 8897 SUPPLIES 137972 117421 16178 4373 1129932 850277 217607 62048 38821255 29415053 7794016 1612186 17582542 1119634 15522185 4847690 4071428 7713 9493797 8347483 1426929 888418 156028354 72151628 78336449 83876726 6229518 4122036 77394773 88581885 2543303 2688940 196716400 210365049 2016491 2288098 19077539 20576283 32475620 28539841 722691 646591 54292341 52050813 X 65493992 72868269 76930067 85445967 142424059 158314236 196716400 210365049 X 3916139 11793191 180847 X 0 1 X 1 0 X 4279744 4113138 6235706 9865941 14972120 39466649 4279744 4113138 6235706 9865941 14972120 39466649 12408730 27057919 716442 663100 412422 567012 596198 2955174 72583 73474 66508 212565 265701 265701 42900089 0.63070 0.69710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUES - 2022 AMOUNT: $ 265,701. SCHEDULE A, PART I DURING THE TAX YEAR, THE SCHOOL REVIEWED THE REASON FOR ITS PUBLIC CHARITY STATUS DOCUMENTED IN ITS TAX EXEMPTION LETTER COMPARED TO ITS PREVIOUS RESPONSES TO PART I. BASED ON THIS REVIEW, THE SCHOOL IS EXEMPT AS A SCHOOL AS DESCRIBED IN SECTION 170(B)(1)(A)(II). ACCORDINGLY, THE SCHOOL HAS CHANGED ITS RESPONSE ON THIS AND FUTURE RETURNS TO SELECT BOX 2 AS ITS REASON FOR PUBLIC CHARITY STATUS, CONSISTENT WITH ITS TAX EXEMPTION LETTER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 89140670 845936 13247474 3673740 720155 98840185 101945743 1359204 -10001526 3506932 655819 89140670 80128010 1415108 24538792 3480400 655767 101945743 81919176 393409 1206525 2818004 573096 80128010 80638598 1024542 3621177 2648582 716559 81919176 0.24760 0.75240 0.00000 0 0 2440626 2440626 102180899 50582820 51598079 31729641 12933411 18796230 10709983 8635397 2074586 8967205 8967205 83876726 DOMESTIC EQUITIES AND MUTUAL FUNDS 34595055 F GLOBAL EQUITY 10806055 F INTERNATIONAL EQUITY 5815192 F PRIVATE EQUITY 11925556 F FLEXIBLE CAPITAL 25391016 F PRIVATE REAL ESTATE 49011 F 88581885 SPLIT INTEREST AGREEMENT OBLIGATION 646591 646591 X 47375751 11793191 -6434679 5358512 42017239 720155 720155 42737394 31485574 -6615526 -6615526 38101100 720155 720155 38821255 PART III, LINE 1A: THE SCHOOL DOES NOT RECOGNIZE OR CAPITALIZE WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH OR EXHIBITION PURPOSES RATHER THAN FOR SALE OR FINANCIAL GAIN. PART III, LINE 4: COLLECTIONS OF PHOTOGRAPHS BY VARIOUS ARTISTS (I.E. ERNEST WITHERS AND BILL FERRIS) AND VARIOUS PAINTINGS (MOST NOTABLY A COLLECTION OF PAINTINGS BY ANDY WARHOL) ARE CO-OWNED BY BROOKS SCHOOL AND WILLIAMS COLLEGE. PART OF THE SCHOOL'S EDUCATIONAL PROGRAMS INCLUDE THE STUDY OF THESE ARTISTS. PART V, LINE 4: THE INTENDED USE OF THE SCHOOL'S ENDOWMENT FUNDS ARE FOR EDUCATIONAL AND SPECIAL PROGRAMS, FINANCIAL AID, PLANT MAINTENANCE AND GENERAL PURPOSES. PART X, LINE 2: IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME. HOWEVER, THE SCHOOL DOES INCUR FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE SCHOOL APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. THE SCHOOL BELIEVES ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATIONS AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS. AS OF JUNE 30, 2023, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS GENERALLY SUBJECT TO EXAMINATION BY TAXING JURISDICTIONS FOR THE PRIOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 170,527. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 10,320. FINANCIAL AID -6,615,526. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -6,615,526. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BROOKS SCHOOL DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS HOME PAGE AND ADMISSION PAGE OF ITS WEBSITE. SCHEDULE E, PART I, LINE 6 DURING THE YEAR ENDED JUNE 30, 2023, THE SCHOOL RECEIVED EMPLOYEE RETENTION CREDITS OF APPROXIMATELY $3.5 MILLION PLUS INTEREST. THE SCHOOL DOES NOT OTHERWISE RECEIVE FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5854703 0 0 0 0 0 0 5854703 0 5854703 0 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3: THE LISTED INVESTMENTS RELATE TO HOLDINGS IN THE SCHOOL'S ENDOWMENT FUND. 1 FINANCIAL AID AWARDS 138 6483780 FMV CREDIT TO STUDENT ACCOUNTS FINANCIAL ASSISTANCE 40 131746 PART I, LINE 2: FINANCIAL AID AWARDS ARE GRANTED TO QUALIFIED STUDENTS ON THE BASIS OF NEED AS DETERMINED BY THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) OF PRINCETON, NEW JERSEY. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN R PACKARD JR HEAD OF SCHOOL 448175 0 0 0 263 0 36600 0 68731 0 553769 0 0 0 PAUL GRIFFIN CHIEF FINANCIAL OFFICER 278851 0 0 0 491 0 34174 0 24441 0 337957 0 0 0 GAGE DOBBINS DIRECTOR OF INSTITUTIONAL ADVANCEMEN 196619 0 0 0 263 0 24455 0 60354 0 281691 0 0 0 SUSANNA WATERS ASSOCIATE HEAD OF SCHOOL FOR ACADEMI 149866 0 0 0 103 0 17984 0 30000 0 197953 0 0 0 ELIZABETH MARTIN DIRECTOR OF FACILITIES AND PLANNING 142233 0 0 0 171 0 17868 0 25781 0 186053 0 0 0 JO-ANN BEVIS DIRECTOR OF FINANCIAL OPERATIONS/CON 135747 0 0 0 114 0 17382 0 29946 0 183189 0 0 0 KIMBERLY CRATTY DIRECTOR OF PSYCHOLOGICAL COUNSELING 139537 0 0 0 192 0 16834 0 1878 0 158441 0 0 0 PART I, LINE 1A CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. THE FOLLOWING INDIVIDUALS, LISTED ON PART II, RECEIVED HOUSING: JOHN R. PACKARD, JR., GAGE DOBBINS, AND SUSANNA WATERS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2020-01-01 37743720 REFINANCE AND CONSTRUCTION/RENOVATION 0 0 0 A 8865977 37743720 392909 37350811 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 X 31 406587 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH ITEM. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 WITH THE EXCEPTION OF SCHEDULE B AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE DISCLOSURES ON SCHEDULE B ARE DISCUSSED WITH THE AUDIT COMMITTEE BY MANAGEMENT BUT THE FORM ITSELF IS NOT PROVIDED DUE TO THE SENSITIVITY OF DONOR'S PERSONEL INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO THE SIGNED ANNUAL CONFLICT OF INTEREST POLICY, PRIOR TO THE START OF DISCUSSION OR NEGOTIATION OF FINANCIAL MATTERS, TRUSTEES AND EMPLOYEES ARE EXPECTED TO MAKE FULL DISCLOSURE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION. A TRUSTEE OR EMPLOYEE WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND DEPENDING ON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. THE BUSINESS OFFICER REGULARLY MONITORS ITS CONTRACTS AND CASH DISBURSEMENTS TO DETERMINE FIT HERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH ANY PERSON COVERED BY THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. OTHER KEY EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL, JOHN PACKARD. AS PART OF THE PROCESS, COMPENSATION IS BASED ON COMPARABILITY DATA FOR SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISION IS HELD. THIS PROCESS OCCURS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS PUBLISHED ON THE GUIDESTAR WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 170,527. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 10,320. CHARITABLE GIFT ANNUITIES (8) TRUST MA T 1 CHARITABLE UNITRUST (2) TRUST MA T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0