2024-05-14T18:07:22-05:00 2023-06-30 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 018806208 990 2022-07-01 042658251 GLEN URQUHART SCHOOL GLEN 9789271064 74 HART STREET BEVERLY FARMS MA 01915 GRETCHEN FORSYTH HEAD OF SCHOOL 9789271064 2024-05-14 1 GRETCHEN FORSYTH 999009999 0 JODY K BOOTH P00963825 7812459999 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GRETCHEN FORSYTH 74 HART STREET BEVERLY FARMS MA 01915 8672823 0 X WWW.GUS.ORG X 1979 MA THROUGH THE JOYS OF LEARNING, WE INSPIRE YOUNG PEOPLE TO BE ENGAGED AND CURIOUS STEWARDS OF THE WORLD AROUND THEM. 20 20 137 0 0 0 367401 283714 7059901 7212067 75365 468178 112784 100353 7615451 8064312 1497460 1535115 0 0 3790556 4158320 0 0 151130 1597668 1708952 6885684 7402387 729767 661925 13068115 13960892 6277956 6121689 6790159 7839203 X THROUGH THE JOYS OF LEARNING, WE INSPIRE YOUNG PEOPLE TO BE ENGAGED AND CURIOUS STEWARDS OF THE WORLD AROUND THEM. 0 0 5157790 1535115 6572492 GLEN URQUHART SCHOOL PROVIDES AN EXCEPTIONAL INDEPENDENT EDUCATION TO 200 BOYS AND GIRLS ENROLLED FROM PRE-K THROUGH EIGHTH GRADE. 399791 639575 SUMMER AND AFTER-SCHOOL PROGRAMS: THE EXTENDED DAY PROGRAM PROVIDES ENRICHING, EXTENDED SCHOOL HOURS FOR THOSE CHILDREN WHO ENROLL. CHILDREN MAY CHOOSE TO PLAY ON THE PLAYGROUND, THE BASKETBALL AND FOUR SQUARE COURTS, PLAY PICK UP FOOTBALL OR SOCCER, OR ENGAGE IN IMAGINATIVE PLAY ON THE PLAYGROUND STRUCTURES. INDOORS THEY PLAY BOARD GAMES, DRAW, COOK, DO CRAFTS, READ, OR DO HOMEWORK. STUDENTS MAY ALSO ENROLL IN AFTER SCHOOL ENRICHMENT CLASSES CALLED GUS+. THE TOPICS INCLUDE BALLET, MOVIE MAKING, CHESS, ART CLASSES, SPORTS, YOGA, FENCING, DANCE AND SSAT PREPARATION. THE SUMMER CAMP PROGRAM PROVIDES A VARIETY OF ACTIVITIES THAT INCLUDE DEVISING ADVENTURES, CREATING ARTS AND CRAFTS, EXPLORING OUR NATURAL ENVIRONMENT, ENGAGING IN OUTDOOR GAMES, AND SWIMMING. THEME DAYS AND ALL-CAMP SPECIAL EVENTS ARE BLENDED INTO EACH SESSION TO ADD TO THE FUN. 375029 OTHER PROGRAM RELATED MISCELLANEOUS INCOME 375029 5557581 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 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 137 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MARY ELLEN FRECHETTE 9789271064 74 HART STREET BEVERLY FARMS MA 01915 X ALEN YEN PRESIDENT 2.00 X X 0 0 0 JODY KING TREASURER 1.00 X X 0 0 0 MICHAEL BUENSUCESO CO-VICE PRESIDENT 1.00 X X 0 0 0 LISA KENT CO-VICE PRESIDENT 1.00 X X 0 0 0 AJALI CHITRE CLERK 1.00 X X 0 0 0 PAULA BLUME TRUSTEE 1.00 X 0 0 0 JAKE BARTLETT TRUSTEE 1.00 X 0 0 0 KRISTIN BROWN TRUSTEE 1.00 X 0 0 0 AMY CRAFTON TRUSTEE 1.00 X 0 0 0 JARED BARTOK CO-VICE PRESIDENT 1.00 X X 0 0 0 TAMAH FRENCH TRUSTEE 1.00 X 0 0 0 MADELINE FIUMARA TRUSTEE 1.00 X 0 0 0 BRIAN MILLER TRUSTEE 1.00 X 0 0 0 LIAM MCCARTHY TRUSTEE 1.00 X 0 0 0 SARAH MCGRATH TRUSTEE 1.00 X 0 0 0 ANDREA TOULOUSE TRUSTEE 1.00 X 0 0 0 LYNNE WARREN LIFE TRUSTEE 1.00 X 0 0 0 GREG MEAHL TRUSTEE 1.00 X 0 0 0 LOUIS SOMMA TRUSTEE 1.00 X 0 0 0 JOAN ROSENTHAL TRUSTEE 1.00 X 0 0 0 EMILY GRIMES P.A. REPRESENTATIVE 1.00 X 0 0 0 KAREN RUSSO TRUSTEE 1.00 X 0 0 0 GRETCHEN FORSYTH HEAD OF SCHOOL 40.00 X 181102 0 17141 MARTHA DELAY DIRECTOR OF ADVANCEMENT 40.00 X 102406 0 407 283508 0 17548 2 0 1 0 NRT (NORTH READING TRANSPORTATION) PO BOX 24017 NEW YORK NY 10087 STUDENT TRANSPORTATION 122672 1 283714 283714 TUITION AND FEES 611600 6572492 6572492 AFTER SCHOOL AND SUMME 611710 639575 639575 7212067 145658 145658 1925 10164 -8239 -8239 -8239 855459 532939 322520 322520 322520 121491 65408 56083 56083 OTHER INCOME 611710 52509 52509 52509 8064312 7587096 0 193502 1535115 1535115 257445 257445 3300126 2269819 926782 103525 41411 24166 17245 296460 156394 140066 262878 168034 86525 8319 6120 6120 23963 23963 64913 49913 15000 35652 35652 344070 264164 61633 18273 32154 19145 13009 300723 270652 24058 6013 284334 284334 136013 136013 305924 305924 64404 54743 9661 MISCELLANEOUS 53515 17951 35564 PROFESSIONAL DEVELOPMEN 34767 28727 6040 GAIN AT GUS PROGRAM 22400 22400 7402387 5557581 1693676 151130 453054 987464 2955792 434308 9688 22000 20202 13205 49079 67462 11799832 6455483 6113119 5344349 3467181 7037590 0 54514 13068115 13960892 502088 548924 2370010 2227337 3405858 3290914 0 54514 6277956 6121689 X 5718659 6639660 1071500 1199543 6790159 7839203 13068115 13960892 661925 387119 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3554714 250 482223 31323 4005864 4187896 2250 -605517 29915 3554714 3217560 1750 994912 26326 4187896 3171786 85 61840 16151 3217560 3024408 2250 164908 19780 3171786 0.75200 0.01240 0.23560 0 0 772156 772156 10023660 5695191 4328469 843440 676024 167416 160576 84268 76308 5344349 ST PORTION OF OPERATING LEASE 30820 LT PORTION OF OPERATING LEASE 23694 54514 X 6991888 387119 75572 462691 6529197 1535115 1535115 8064312 5942844 75572 75572 5867272 1535115 1535115 7402387 PART V, LINE 4: THE SCHOOL'S PRIMARY OBJECTIVE IS LONG-TERM CAPITAL APPRECIATION WHICH TOGETHER WITH INCOME WILL PROVIDE FOR THE GROWTH OF THE ENDOWMENT WHILE ALLOWING SUPPORT FOR CURRENT ACTIVITIES. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. 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 AMOUNT AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAX AUTHORITIES. AS OF JUNE 30, 2023, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 10,164. FUNDRAISING EXPENSES 65,408. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,535,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 10,164. FUNDRAISING EXPENSES 65,408. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,535,115. 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 IS A MEMBER OF THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE). AISNE ANNUALLY PUBLISHES A RACIALLY NONDISCRIMINATORY POLICY IN VARIOUS NEWSPAPERS THROUGHOUT NEW ENGLAND FOR ITS MEMBERS. THE RACIALLY NONDISCRIMINATORY POLICY IS ALSO PUBLICIZED ON THE SCHOOL'S WEBSITE. WILD BOAR GOLF TOURNAMENT 87295 87295 5451 3000 13450 19000 2278 GROW WITH GUS: A GARDEN PARTY 29149 29149 1655 4891 600 8880 1 5047 5047 6203 121491 121491 5451 4655 18341 19600 17361 65408 56083 1 FINANCIAL AID 87 1535115 PART I, LINE 2: GLEN URQUHART SCHOOL MONITORS THE USE OF FINANCIAL ASSISTANCE FUNDS BY DIRECTLY APPLYING AWARDS/GRANTS TO THE STUDENT BILLS AS AN OFFSET TO BILLED TUITIONS. NO MONEY EVER PHYSICALLY EXCHANGES HANDS BETWEEN THE SCHOOL AND THE RECIPIENT. THUS, THE GENERAL LEDGER MUST BE IN SYNC WITH THE AWARDS LIST AT ALL TIMES. THE ALLOCATIONS ARE MADE BY THE FINANCIAL AID COMMITTEE WHICH IS COMPRISED OF THE DIRECTOR OF ADMISSION AND DIRECTOR OF FINANCE. THE INDIVIDUAL ALLOCATIONS ARE REVIEWED BY THE HEAD OF SCHOOL AND THE AGGREGATE AMOUNT BY THE BOARD OF TRUSTEES. 1 X X X X X 0 0 0 0 0 0 0 0 0 GRETCHEN FORSYTH HEAD OF SCHOOL 181102 0 0 0 0 0 0 0 17141 0 198243 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2012-03-28 4794521 REFUNDING OF TWO EXISTING BONDS 0 0 0 A 1503607 4794521 4794521 2012 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 GRETCHEN FORSYTH HEAD OF SCHOOL 30600 FINANCIAL AID TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 7A ALL NATURAL PARENTS, ADOPTIVE PARENTS AND LEGAL GUARDIANS OF THE CHILDREN IN ATTENDANCE AT GLEN URQUHART SCHOOL ARE MEMBERS DURING SUCH PERIOD OF ATTENDANCE. THE MEMBERS AT THEIR ANNUAL MEETING ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S DIRECTOR OF FINANCE AND TREASURER 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 & COMPANY, PC (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 BUSINESS OFFICE, PLUS ADDITIONAL WORK REQUESTED SPECIFIC TO THE 990. THE TREASURER, HEAD OF SCHOOL AND DIRECTOR OF FINANCE 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 AUTHORIZE THE FINANCE COMMITTEE TO APPROVE THE FORM 990. THE FINANCE COMMITTEE APPROVED THE FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE ON AN ANNUAL BASIS ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST. 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINE THE COMPENSATION FOR THE HEAD OF SCHOOL AND REVIEWS COMPENSATION FOR OTHER KEY EMPLOYEES BASED ON BENCHMARKING WITH AREA PEER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 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. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE.