2024-05-15T20:38:08-05:00 2023-06-30 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 018806208 990 2022-07-01 043298290 THE SUMMIT MONTESSORI SCHOOL INC SUMM 5088723630 283 PLEASANT STREET FRAMINGHAM MA 01701 CHRIS HUI DIRECTOR OF FINANCE 5088723630 2024-05-15 1 CHRIS HUI 999009999 0 JODY K BOOTH P00963825 7812459999 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS HUI 283 PLEASANT ST FRAMINGHAM MA 01701 3257008 0 X SUMMITMONTESSORI.ORG X 1996 MA REFER TO SCHEDULE O.SUMMIT MONTESSORI SCHOOL IS A COMMUNITY DEDICATED TO DEVELOPING RESPECTFUL, SELF-MOTIVATED, LIFE-LONG LEARNERS THROUGH A CHALLENGING, INDIVIDUALIZED, MONTESSORI-BASED CURRICULUM. THE CHILDREN CULTIVATE THEIR STRENGTHS TO REACH THEIR UNIQUE POTENTIAL AND TO BECOME ACTIVE PARTICIPANTS IN THE GLOBAL COMMUNITY. 16 16 47 0 -58748 0 1147080 379749 2341937 2865844 0 0 -9444 -47515 3479573 3198078 84750 182544 0 0 1903502 2078812 0 0 78800 609702 891418 2597954 3152774 881619 45304 4218509 4887995 1876088 2464610 2342421 2423385 REFER TO SCHEDULE O. 0 0 2213709 182544 2733222 SUMMIT MONTESSORI SCHOOL IS AN INDEPENDENT SCHOOL FOR CHILDREN ENROLLED FROM PRE-SCHOOL THROUGH SIXTH GRADE THAT OPERATES WITH A MONTESSORI PEDAGOGY. 42192 144037 AFTER-SCHOOL AND SUMMER PROGRAMS - AFTER-SCHOOL CARE PROVIDES ENRICHING, EXTENDED SCHOOL HOURS FOR THOSE CHILDREN WHO ENROLL. THE EXPLORATIONS PROGRAM PROVIDES OPPORTUNITIES TO EXPLORE ACTIVITIES SUCH AS ART OR OTHER VARIOUS PROGRAMS IN-DEPTH. IN ADDITION, THE SCHOOL FURTHER EXTENDED ITS HOURS TO PROVIDE AN EARLY-CARE OPTION FOR PARENTS PROVIDING THE SAME ENRICHING ENVIRONMENT AS THE AFTER-SCHOOL CARE PROGRAM. THE SUMMER PROGRAM PROVIDES THE CHILDREN WITH A SUMMER CAMP EXPERIENCE. THIS PROGRAM INCLUDES BOTH INDOOR AND OUTDOOR ACTIVITIES, AS WELL AS FIELD TRIPS. 2255901 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 47 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X CHRIS HUI 5088723630 283 PLEASANT STREET FRAMINGHAM MA 01701 MARTHA TORRENCE HEAD OF SCHOOL 50.00 X 184189 0 9829 MATTHEW GRASSE PRESIDENT 5.00 X X 0 0 0 KATE SALLEY SECRATERY 3.00 X X 0 0 0 JEFF ESPER TRUSTEE 5.00 X X 0 0 0 ERIC FALCONE TREASURER 3.00 X 0 0 0 JOSH GROSSETTI TRUSTEE 3.00 X 0 0 0 JESSICA MILAN TRUSTEE 3.00 X 0 0 0 ALEX STEPHEN TRUSTEE 3.00 X 0 0 0 STEPHANIE KATZ TRUSTEE 3.00 X 0 0 0 SUMMER SHAUD TRUSTEE 3.00 X 0 0 0 JOHN BOWER TRUSTEE 3.00 X 0 0 0 KRISTINA B DAVIS TRUSTEE 3.00 X 0 0 0 SANDRA DURAN TRUSTEE 3.00 X 0 0 0 ROBIN JENKINS TRUSTEE 3.00 X 0 0 0 ELBERT HARDEMAN TRUSTEE 3.00 X 0 0 0 JAMES LENNON TRUSTEE 3.00 X 0 0 0 184189 0 9829 1 0 1 0 0 22964 356785 379749 TUITION 611600 2721807 2721807 AFTER-SCHOOL & SUMMER 611600 144037 144037 2865844 58748 -58748 -58748 -58748 0 22964 182 -182 -182 OTHER SOURCES 900099 11415 11415 11415 3198078 2877259 -58748 -182 182544 182544 208220 208220 1597052 1262591 290393 44068 54594 39142 14145 1307 38352 47600 -9820 572 180594 131927 44635 4032 1381 1381 19349 19349 9408 9408 35958 35958 123333 76408 46925 33405 33405 202002 145387 50314 6301 12900 12900 53790 53790 68600 68600 123798 82503 39186 2109 MISCELLANEOUS 111002 71659 39343 TUITION REMISSION 31492 31492 CAPITAL CAMPAIGN EXPENS 23000 23000 PROFESSIONAL DEVELOPMEN 17599 17599 24401 13400 8189 2812 3152774 2255901 818073 78800 753140 864655 32087 114133 6393 5608323 1705509 3433282 3902814 4218509 4887995 585443 260184 1114010 1313415 176635 891011 1876088 2464610 X 2054825 2132629 287596 290756 2342421 2423385 4218509 4887995 45304 204 35456 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 255509 255509 255509 255509 255509 6 6 255509 255509 452 452 255509 255509 235 235 255509 1.00000 0 0 680000 680000 1053291 533228 520063 3463558 795288 2668270 303569 270991 32578 107905 106002 1903 3902814 X 3074486 204 204 3074282 123796 123796 3198078 3028978 58748 58748 2970230 182544 182544 3152774 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND IS SUBJECT TO DONOR STIPULATIONS REQUIRING THAT THE GIFTS BE INVESTED IN PERPETUITY AND ONLY THE INCOME EARNED ON THE INVESTED GIFTS BE EXPENDED. THERE ARE NO RESTRICTIONS ON THE USE OF THE EARNED INCOME. PART X, LINE 2: 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 HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INVESTMENT 204. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 182,544. RENTAL EXPENSES -58,748. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 58,748. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 182,544. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES A RACIAL NONDICRIMINATORY POLICY ON THEIR WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECIEVED GRANTS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA). 21604 21604 182 21604 21604 182 182 -182 1 FINANCIAL AID 18 182544 PART I, LINE 2: THE SCHOOL REQUIRES ALL FAMILIES ASKING FOR FINANCIAL AID TO COMPLETE A FINANCIAL AID APPLICATION. THE APPLICATION FOR AID INCLUDES A COMPLETED SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) WHICH IS AN INDEPENDENT DETERMINATION OF WHAT THE FAMILY CAN CONTRIBUTE TOWARDS EDUCATIONAL COSTS. THE APPLICATION ALSO INCLUDES THE PARENTS' FINANCIAL STATEMENTS, FEDERAL TAX RETURNS, AND W-2S. ALL FINANCIAL AID AWARDS ARE DETERMINED ON THE BASIS OF NEED AND ON A NON-DISCRIMINATORY BASIS AS DETERMINED BY THE SSS AND THE FINANCIAL AID COMMITTEE USING ALL INFORMATION OBTAINED IN THE APPLICATION. X X X X 0 0 0 0 0 0 0 0 0 MARTHA TORRENCE HEAD OF SCHOOL 184189 0 0 0 0 0 9502 0 327 0 194018 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S TREASURER AND DIRECTOR OF FINANCE AND OPERATIONS ARE RESPONSIBLE FOR OVERSEEING THE PREPARATION OF IRS FORM 990 (990). THE 990 AND ITS SUPPORTING SCHEDULES WERE PREPARED BY THE PUBLIC ACCOUNTING FIRM, TONNESON + CO (TONNESON), RESPONSIBLE FOR AUDITING THE SCHOOL'S FINANCIAL STATEMENTS. TONNESON'S WORK WAS BASED ON INFORMATION PROVIDED TO THEM DURING THE COURSE OF THE AUDIT BY THE SCHOOL'S ACCOUNTING DEPARTMENT, PLUS ADDITIONAL WORK REQUESTED SPECIFIC TO THE 990. THE BOARD TREASURER AND ONE BOARD MEMBER PERFORMED A DETAILED REVIEW OF THE COMPLETED 990 AND REPORTED THE RESULTS OF ITS REVIEW TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES THEN VOTED TO APPROVE THE FORM 990. EACH MEMBER OF THE SCHOOL'S BOARD OF TRUSTEES RECEIVED A COPY OF THE 990 PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES REQUIRES REGULAR ANNUAL STATEMENTS FROM TRUSTEES, OFFICERS, EMPLOYEES, AND INDIVIDUALS SERVING ON BOARD COMMITTEES, AND OTHER DESIGNATED INDIVIDUALS, WHICH WILL REQUIRE SUCH INDIVIDUALS TO DISCLOSE ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST AND TO INFORM THE BOARD OF TRUSTEES IN THE EVENT A POTENTIAL CONFLICT OF INTEREST MAY ARISE. THE BOARD OF TRUSTEES MAY ALSO PROVIDE FOR SUCH CORRECTIVE ACTION AS IT DEEMS APPROPRIATE BY REASON OF A FAILURE TO DISCLOSE SUCH CONFLICT OF INTEREST, WHICH MAY INCLUDE REMOVAL FROM A POSITION OR OFFICE. DISCLOSURE FORMS SHALL BE UPDATED ANNUALLY OR SOONER IF CHANGED CIRCUMSTANCES REQUIRE DISCLOSURE. ALL PERSONS SUBJECT TO THIS POLICY ARE EXPECTED TO UPDATE THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ANY TIME DURING THE YEAR THAT THE INFORMATION REQUESTED ON THE FORM CHANGES. THE ADMINISTRATION AND MAINTENANCE OF THE CONFLICT OF INTEREST DISCLOSURE STATEMENT SHALL BE THE RESPONSIBILITY OF THE PRESIDENT OF THE BOARD OF TRUSTEES, OR HIS/HER DESIGNEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, WHO ARE NOT EMPLOYEES OF THE SCHOOL OR RELATED TO ANY EMPLOYEES OF THE SCHOOL, MEETS ANNUALLY TO REVIEW THE HEAD OF SCHOOL'S COMPENSATION. AS PART OF ITS REVIEW, THE BOARD OF TRUSTEES EVALUATES VARIOUS CRITERIA INCLUDING, BUT NOT LIMITED TO, THE SCHOOL'S GOALS AND OBJECTIVES, THE HEAD OF SCHOOL'S PERFORMANCE, AND COMPARATIVE THIRD-PARTY COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE AND GUIDESTAR. ALSO, ALL OF THESE DOCUMENTS ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE SCHOOL'S OFFICE, WALKING INTO THE SCHOOL'S OFFICE OR MAILING IN A REQUEST TO THE SCHOOL.