2024-02-02T08:22:00-06:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 042502446 JAMES F FARR ACADEMY INC JAME 6174924922 71 PEARL STREET CAMBRIDGE MA 02139 MICHAEL T CULHANE PRESIDENT 6174924922 2024-01-23 1 MICHAEL CULHANE 999009999 0 DAVID A DIIULIS P00303577 6174711120 2024-01-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL T CULHANE 71 PEARL STREET CAMBRIDGE MA 02139 3732810 0 X WWW.FARRACADEMY.ORG X 1972 MA PROVIDER OF EDUCATIONAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS. 6 4 80 5 0 0 2012669 417229 4420591 2288966 -819442 72444 969110 954171 6582928 3732810 0 0 0 0 4134710 2134321 0 0 0 1733624 1071471 5868334 3205792 714594 527018 6917073 7275197 4759902 4484430 2157171 2790767 X PROVIDER OF EDUCATIONAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS. 0 0 2154635 2127927 FARR ACADEMY: A DAY SCHOOL FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS. AN AVERAGE OF 22 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2023. 134869 161039 FARR ACADEMY: A SUMMER PROGRAM FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL AND EMOTIONAL NEEDS. AN AVERAGE OF 18 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2023. 935011 OTHER REVENUE 19160 RESIDENTIAL CARE - LUNCH PROGRAM 954171 2289504 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 3 0 1 80 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X MICHAEL T CULHANE 6174924922 71 PEARL STREET CAMBRIDGE MA 02139 MICHAEL T CULHANE CEO/PRESIDENT/TREASURER 40.00 1.00 X X 305941 0 31460 BONNIE K CULHANE TRUSTEE/PROGRAM ADVISOR 1.00 X 0 0 0 DOUGLAS DICERBO TRUSTEE/CLERK 1.00 X X 0 0 0 JOHN KILEY TRUSTEE 1.00 X 0 0 0 DEAN LUCENTE TRUSTEE 1.00 X 0 0 0 GREG SUSCO TRUSTEE 1.00 X 0 0 0 JAMI LANGLEY PROGRAM DIRECTOR 40.00 X 126802 0 11536 KIMBERLY PHILLIPS EDUCATION COORDINATOR 40.00 X 107992 0 12353 TIMOTHY GALLAGHER ASSOCIATE PROGRAM DIRECTOR 40.00 X 111121 0 0 ARIEL GREENIDGE CLINICIAN 40.00 X 102836 0 11151 MARY E JOYCE OFFICE MANAGER 40.00 X 82131 0 27980 836823 0 94480 5 0 1 0 ECRATCHIT 2 SHARP ST HINGHAM MA 02043 FINANCIAL CONSULTING 105462 1 413456 3773 417229 TUITION AND FEES 900099 2288966 2288966 2288966 72444 72444 ADMINISTRATIVE FEE 611600 649560 649560 OTHER 611600 285451 285451 RESIDENTIAL CARE - LUN 900099 19160 19160 954171 3732810 3243137 0 72444 337401 223923 113478 1283429 1214987 68442 150858 150858 362633 299837 62796 20489 18664 1825 24333 24333 122429 1950 120479 222832 112310 110522 65847 22546 43301 176965 13453 163512 118500 32805 85695 SUPPLIES AND EXPENSES 320076 198171 121905 3205792 2289504 916288 0 1300769 487213 4078 551159 528565 6053 54101 54414 4301560 996803 3385140 3304757 1615773 2842803 0 57445 6917073 7275197 303044 197236 4078 0 4405149 4208178 47631 20695 0 58321 4759902 4484430 X 2147069 2780665 10102 10102 2157171 2790767 6917073 7275197 527018 106578 0 X X 0 1 X 1 0 X 0 1 10102 10102 10102 10102 22223 22223 22223 22223 22223 22223 1.00000 0 0 2039200 2039200 2136899 895389 1241510 28456 27687 769 97005 73727 23278 3304757 LEASE LIABILITIES - OPERATING 58321 58321 X 3839388 106578 106578 3732810 0 3732810 3205792 0 3205792 0 3205792 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATION AND FINANICAL POSITION. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FIELD ALL APPLICABLE RETURNS, AS REQUIRED, IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF FUNDS THAT WERE RESTRICTED BY DONORS TO BE MAINTAINED IN PERPETUITY. INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR PROGRAM RELATED ACTIVITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, LINE 6: JAMES F. FARR ACADEMY, INC. OPERATES A PRIVATE DAY SCHOOL (FARR ACADEMY) THAT IS APPROVED BY THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION AND, AS SUCH, RECEIVES FUNDING FROM VARIOUS CITIES AND TOWNS WITHIN MASSACHUSETTS. X X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL T CULHANE CEO/PRESIDENT/TREASURER 305941 0 0 0 0 0 1010 0 30450 0 337401 0 0 0 PART II: THE ORGANIZATION MAINTAINS A 403(B) PROFIT SHARING PLAN COVERING ALL ELIGIBLE EMPLOYEES, WHO ARE THOSE EMPLOYEES WHO ARE 21 YEARS OF AGE WITH ONE YEAR OF SERVICE AND WHO WORK AT LEAST 1,000 HOURS ANNUALLY. PART II, COLUMN D: THE NONTAXABLE BENEFITS REFLECTED HERE IS FOR THE EMPLOYER PAID PORTION OF EMPLOYEE HEALTH INSURANCE. BONNIE K CULHANE TRUSTEE/PROGRAM ADVISOR 45792 LEASES TO ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL T. CULHANE (CHIEF EXECUTIVE OFFICER/PRESIDENT/TREASURER/TRUSTEE) IS THE SON OF BONNIE K. CULHANE (PROGRAM ADVISOR/TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY COMMENTS RESULTING FROM THE REVIEW PROCESS ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATION OR DECISIONS THAT MAY BE EXPECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS IN CONNECTION WITH THE ORGANIZATION'S BUDGETING PROCESS. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR USING DATA FOR COMPARABLE ORGANIZATIONS AND MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES FOR APPROVAL. SUCH DELIBERATIONS ARE DECISIONS RECORDED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY WAY OF THE WEBSITES OF CERTAIN REGULATORY AGENCIES AND UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS. FARR FOUNDATION INC 71 PEARL STREET CAMBRIDGE MA 02139 043364089 SUPPORT MA 501(C)(3) LINE 7 N/A 0 BROOKLINE INFANT TODDLER CENTER INC 1900 COMMONWEALTH AVENUE NEWTON MA 02466 042625150 CHILDCARE MA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 BROOKLINE INFANT-TODDLER CENTER INC Q 1011480 COST