2024-01-24T10:31:36-06:00 2023-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST 4TH FLOOR CONCORD NH 03301 990 2022-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 WALTER SCHAEFFLER CFO 6035361748 2024-01-24 1 WALTER SCHAEFFLER 999009999 0 ORESTE J MOSCA P00366101 6032245357 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WALTER SCHAEFFLER CHAPEL LANE PO BOX 1879 PLYMOUTH NH 03264 30729943 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12. 26 26 143 26 0 0 7714152 5411931 20500817 22011142 912283 1020148 0 0 29127252 28443221 4441345 4593872 0 0 12527028 12857212 0 0 2345143 9214944 10491954 26183317 27943038 2943935 500183 142642933 152158386 17611599 21238840 125031334 130919546 HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 22176631 4593872 22011142 LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 297. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 22176631 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 1 0 0 0 0 0 0 0 0 1 121 1 1 143 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X WALTER SCHAEFFLER 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 ANDREW DAVIS MEMBER OF BOARD 2.00 X 0 0 0 CHRIS KEATING SECRETARY 2.00 X X 0 0 0 A ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 NELL REYNOLDS CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 ANDREW SAWYER MEMBER OF BOARD 2.00 X 0 0 0 RICHARD VIEIRA TREASURER 2.00 X X 0 0 0 SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 KATIE CRUMBO MEMBER OF BOARD 2.00 X 0 0 0 CHRIS DAVENPORT MEMBER OF BOARD 2.00 X 0 0 0 PAUL JOHN FERRI MEMBER OF BOARD 2.00 X 0 0 0 MATT STOREY MEMBER OF BOARD 2.00 X 0 0 0 BURGWELL HOWARD MEMBER OF BOARD 2.00 X 0 0 0 KARYN CAMPBELL MEMBER OF BOARD 2.00 X 0 0 0 CECILY CUSHMAN MEMBER OF BOARD 2.00 X 0 0 0 JOE MILES MEMBER OF BOARD 2.00 X 0 0 0 CHANCE WRIGHT MEMBER OF BOARD 2.00 X 0 0 0 SUNG YOU MEMBER OF BOARD 2.00 X 0 0 0 KATIE ALFOND MEMBER OF BOARD 2.00 X 0 0 0 JOHN HAYES MEMBER OF BOARD 2.00 X 0 0 0 PHILIP KISTLER MEMBER OF BOARD 2.00 X 0 0 0 CHRISTOPER MARTIN MEMBER OF BOARD 2.00 X 0 0 0 LIZ GARDNER MEMBER OF BOARD 2.00 X 0 0 0 ANNE LOMPO MEMBER OF BOARD 2.00 X 0 0 0 SIMON PARMETT MEMBER OF BOARD 2.00 X 0 0 0 CJ VINCENT MEMBER OF BOARD 2.00 X 0 0 0 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 60.00 X 244525 0 60591 JOHN MCVEIGH HEAD OF SCHOOL 60.00 X 236534 0 17418 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 40.00 X 155547 0 48444 MARGOT RILEY CHIEF OPERATING OFFICER 40.00 X 163548 0 28555 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 40.00 X 189569 0 46506 DAVID FLYNN DIR. OF ADMISSIONS 40.00 X 131541 0 41217 KATHLEEN KIME DIRECTOR OF MAJOR GIFTS 40.00 X 132701 0 12839 PHILLIP PECK FORMER HEAD OF SCHOOL 60.00 X 274429 0 32692 1528394 0 288262 8 1 1 0 KNOWER ACADEMICS LLC 50 HIGHLAND STREET PLYMOUTH NH 03264 TUTORING 577045 1 5411931 218125 5411931 TUITION AND FEES 900099 20679400 20679400 SCHOOL ACTIVITY REVENUE 900099 744006 744006 SUMMER PROGRAM REVENUE 900099 587736 587736 22011142 989963 989963 2212907 104000 2227127 59595 -14220 44405 30185 30185 28443221 22011142 0 1020148 X 4593872 4593872 1480864 699219 528979 252666 7788773 5741839 1051994 994940 654176 512824 70148 71204 2297173 1736848 294991 265334 636226 466613 93008 76605 17606 17606 64300 64300 593349 593349 235049 16883 109083 109083 304844 80507 28500 195837 383573 356607 21289 5677 2760250 2566199 153198 40853 293549 86094 71311 136144 55294 11059 41470 2765 396565 366426 23794 6345 3098336 2862863 185900 49573 RESIDENTIAL SERVICES 775476 775476 ATHLETICS 447750 447750 SUPPLIES 297802 87341 72344 138117 BAD DEBT 244498 244498 523713 523713 27943038 22176631 3421264 2345143 1000 2200 13913045 12060971 5430180 3784865 121838 48514 141083 150010 162561 130930 97884600 31829957 58762803 66054643 61212737 66832907 2897686 3093346 142642933 152158386 1757944 1025643 5476807 5539737 10346848 14613460 30000 60000 17611599 21238840 X 69138232 73771670 55893102 57147876 125031334 130919546 142642933 152158386 X 500183 5192369 195660 X X 0 1 X 1 0 X 11726867 10203838 4246187 7714152 5411931 39302975 11726867 10203838 4246187 7714152 5411931 39302975 15291742 24011233 798401 782913 842229 972994 929974 4326511 43629486 98295332 0.55030 0.62820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61804719 2650221 5625355 1169543 537913 328749 68044090 69040399 428445 -5495217 1084545 777895 306468 61804719 53941796 251658 16957914 1052786 757628 300555 69040399 54922507 244613 809570 968558 902774 163562 53941796 54684726 251810 1863341 973086 650323 253961 54922507 0.22846 0.39688 0.37466 0 0 1446004 1446004 86900094 27221961 59678133 8934056 4607996 4326060 604446 604446 66054643 DEFERRED COMPENSATION 60000 60000 X 28448369 5192369 5192369 23256000 593349 4593872 5187221 28443221 22675817 0 22675817 593349 4673872 5267221 27943038 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,593,872. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 4,593,872. CHANGE IN BAD DEBT EXPENSE 80,000. 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 INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 120 4593872 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 PHILLIP PECK FORMER HEAD OF SCHOOL 274429 0 0 0 0 0 23685 0 9007 0 307121 0 0 0 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 241365 0 3160 0 0 0 42616 0 17975 0 305116 0 0 0 JOHN MCVEIGH HEAD OF SCHOOL 236534 0 0 0 0 0 2962 0 14456 0 253952 0 0 0 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 186749 0 2820 0 0 0 18146 0 28360 0 236075 0 0 0 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 150977 0 4570 0 0 0 25171 0 23273 0 203991 0 0 0 MARGOT RILEY CHIEF OPERATING OFFICER 160898 0 2650 0 0 0 14933 0 13622 0 192103 0 0 0 DAVID FLYNN DIR. OF ADMISSIONS 129001 0 2540 0 0 0 13104 0 28113 0 172758 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 4500000 4500000 2015 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 X 17 215180 FMV ON DONATION DATE X SKI GOGGLES 40 2780 COST X GIFT BASKET 1 165 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD (INCLUDING OFFICERS) AT THEIR BOARD MEETING, PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART IX, LINE 24E FACULTY RELATED: PROGRAM SERVICE EXPENSES 211,571. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 211,571. STUDENT RELATED: PROGRAM SERVICE EXPENSES 139,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 139,238. GRC: PROGRAM SERVICE EXPENSES 122,557. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,557. COURSE RELATED: PROGRAM SERVICE EXPENSES 50,347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,347. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 195,660. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR.