2025-01-14T16:59:13-06:00 2024-06-30 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2023-07-01 042574089 THE WALDORF SCHOOL INC WALD 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 CHRISTIAN WEEKS TREASURER 7818631063 2025-01-14 1 1 SANDRA M BROWN CPA P01614103 5088717178 2025-01-14 2023 2024-10-15 13:58:12Z CHRISTIAN WEEKS 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 5920395 0 X WWW.THEWALDORFSCHOOL.ORG X 1971 MA THE WALDORF SCHOOL OF LEXINGTON NURTURES EACH CHILD'S CURIOSITY, INGENUITY, AND LOVE OF LEARNING SO THAT THEY CAN MEET THE FUTURE WITH WONDER, CONFIDENCE, AND RESILIENCE. 15 12 94 72 0 0 249828 139038 5029236 5205419 109201 165918 445797 197240 5834062 5707615 730360 693154 0 0 4212169 4856878 0 0 137091 1174712 1339196 6117241 6889228 -283179 -1181613 6388677 5375430 1687513 1869169 4701164 3506261 THE WALDORF SCHOOL OF LEXINGTON NURTURES EACH CHILD'S CURIOSITY, INGENUITY, AND LOVE OF LEARNING SO THAT THEY CAN MEET THE FUTURE WITH WONDER, CONFIDENCE, AND RESILIENCE. 0 0 5505848 693154 5205419 FOUNDED IN 1975, THE MISSION OF THE WALDORF SCHOOL OF LEXINGTON (WSL) IS TO NURTURE EACH CHILD'S CURIOSITY, INGENUITY, AND LOVE OF LEARNING SO THAT THEY CAN MEET THE FUTURE WITH WONDER, CONFIDENCE, AND RESILIENCE. ON OUR HISTORIC CAMPUS IN LEXINGTON, MA, ADJACENT TO THE 185-ACRE GREAT MEADOWS CONSERVATION LAND, WSL SERVES STUDENTS FROM PRESCHOOL THROUGH GRADE 8. THE WALDORF CURRICULUM IS CAREFULLY MAPPED TO CHILDREN'S PHYSICAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT AND IS DELIVERED THROUGH MEANINGFUL HUMAN CONNECTIONS THAT BUILD A FOUNDATION FOR LIFE-LONG LEARNING. 5505848 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 94 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X MIKE MASSICOTTE DIRECTOR OF FINANCE & OPERATIONS 7818631063 739 MASSACHUSETTS AVENUE LEXINGTON MA 024203916 THOMAS TRIGG INTERIM HEAD OF SCHOOL 40.00 X 136065 0 9706 JOSEPH ODONNELL TRUSTEE/TEACHER 40.00 X 75481 0 440 CARLOS TROSTLI- FORMER HEAD OF STRATEGIC INITIATIVE/CURRENT TRUSTEE 40.00 X X 68539 0 2929 CHRISTA ANDREA FABER TRUSTEE/FACULTY OFFICER 20.00 X X 44956 0 19114 MIKE MASSICOTTE DIR OF FINANCE & OPS FROM APRIL '24 40.00 X 0 0 0 ALISON DISALVO-RYAN PRESIDENT 1.00 X X 0 0 0 KATHLEEN WILLIAMS VP & INTERIM SECRETARY 1.00 X X 0 0 0 LANCE BRISBOIS SECRETARY 1.00 X X 0 0 0 CHRISTIAN WEEKS TREASURER 1.00 X X 0 0 0 ITAI ROLNICK TRUSTEE 1.00 X 0 0 0 SAMARJIT SHANKAR TRUSTEE 1.00 X 0 0 0 DR LYDIA KNUTSON TRUSTEE 1.00 X 0 0 0 WALTER DUNCAN TRUSTEE 1.00 X 0 0 0 ANN WIEDIE TRUSTEE 1.00 X 0 0 0 CHRISTY EVERETT TRUSTEE 1.00 X 0 0 0 MARCIE HOLMES TRUSTEE 1.00 X 0 0 0 ARTHUR PITTIS TRUSTEE 1.00 X 0 0 0 325041 0 32189 1 0 0 0 CHARLES RIVER CFO INC 20 WALNUT ST WELLESLEY MA 02481 OUTSOURCED ACCOUNTING SERVICES 145274 1 139038 886 139038 TUITION AND FEES 611600 5103707 5103707 AUXILIARY ACTIVITIES 611600 101712 101712 5205419 38379 38379 276769 149230 127539 127539 127539 115297 63550 51747 51747 EMPLOYER RETENTION TAX 900099 145493 145493 145493 5707615 5205419 0 363158 693154 693154 486580 308188 157804 20588 3586172 3021309 485624 79239 470056 379840 86575 3641 314070 230437 76283 7350 12442 12442 261018 8180 250386 2452 6086 6086 33803 28000 4918 885 158730 87675 63480 7575 29963 13586 15994 383 315727 257539 50704 7484 156065 129274 22705 4086 32809 27177 4773 859 PROGRAM SUPPLIES AND EX 232250 232250 PROFESSIONAL DEVELOPMEN 67823 56180 9867 1776 MISCELLANEOUS 31594 26087 4734 773 DONATED SUPPLIES 886 886 6889228 5505848 1246289 137091 886010 238980 105664 1842 17255 600 4775 2559 102548 111745 30815 11174 5037559 2671551 2308623 2366008 861925 737784 2071062 1904738 6388677 5375430 60267 61428 464503 490262 45000 140000 1162743 1132479 1687513 1869169 X 3990332 2726081 710832 780180 4701164 3506261 6388677 5375430 -1181613 -13290 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 872316 250 120949 255731 737784 917946 600 102794 149024 872316 1029009 -111063 917946 805251 8525 215233 1029009 775131 20947 30190 21017 805251 0.00000 1.00000 0.00000 0 0 250000 250000 4250887 2287058 1963829 277000 147627 129373 216177 197326 18851 43495 39540 3955 2366008 EMPLOYEE RETENTION TAX CREDITS RECEIVABLE 799079 RIGHT OF USE ASSET, OPERATING LEASE 1105659 1904738 OPERATING LEASE LIABILITY 1132479 1132479 5001171 -13290 -693154 -706444 5707615 0 5707615 6196074 0 6196074 693154 693154 6889228 PART V, LINE 4: THE SCHOOL HAS ADOPTED AN INVESTMENT AND SPENDING POLICY FOR ENDOWMENT ASSETS. THE PRIMARY OBJECTIVES OF THE SCHOOL'S INVESTMENT STRATEGY ARE TO PRESERVE AND GROW THE VALUE OF THE ENDOWMENT SO AS TO PROVIDE LONG-TERM SECURITY AND FINANCIAL STABILITY FOR THE SCHOOL. PRESERVATION WILL BE MEASURED IN TERMS OF REAL PURCHASING POWER AFTER ADJUSTMENT FOR ADDITIONS TO, AND WITHDRAWALS FROM, THE ENDOWMENT. THE SECONDARY OBJECTIVE OF THE INVESTMENT POLICY IS TO MAXIMIZE, WITHIN AN APPROPRIATE LEVEL OF VOLATILITY AND RISK, THE TOTAL RATE OF RETURN EARNED BY THE ENDOWMENT. THE GOAL IS TO ACHIEVE A TOTAL RETURN ON ASSETS WHICH, OVER THE LONG-TERM, MEETS OR EXCEEDS THE PERFORMANCE OF COMPARABLE INVESTMENT PORTFOLIOS WITH COMPARABLE RISK PORTFOLIOS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -693,154. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 693,154. 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 PUBLICIZES ITS NONDISCRIMINATORY POLICY TO THE GENERAL PUBLIC IN CONJUNCTION WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE). 1 FINANCIAL AID 63 693154 ACTUAL AMOUNT OF TUITION REDUCTION FINANCIAL AID AS PART OF A TUITION ASSISTANCE PROGRAM PART I, LINE 2: THE TUITION ASSISTANCE PROGRAM (TAP) COMMITTEE OVERSEES THE ENTIRE TUITION ASSISTANCE APPLICATION AND AWARD PROCESS, AND MAKES ALL AWARD DECISIONS. THIS COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT AND MONITORING OF TUITION ASSISTANCE AWARDS TO ENSURE THEY ARE APPLIED PROPERLY TOWARDS TUITION OF THE SCHOOL AND THAT THE PROCESS FOR SELECTING RECIPIENTS IS IN ACCORDANCE WITH THE SCHOOL'S POLICIES. ANN WIEDIE TRUSTEE STRATEGIC PLANNING INITIATIVES X 10000 10000 0 1 1 LANCE BRISBOIS TRUSTEE STRATEGIC PLANNING INITIATIVES X 25000 25000 0 1 1 LYDIA KNUTSON TRUSTEE STRATEGIC PLANNING INITIATIVES X 10000 10000 0 1 1 45000 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF FORM 990, EXCEPT FOR SCHEDULE B DUE TO CONFIDENTIALITY REASONS, HAS BEEN DISTRIBUTED TO ALL BOARD MEMBERS IN HARD COPY OR EMAIL PRIOR TO ITS FILING. QUESTIONS AND CLARIFICATIONS CAN BE DIRECTED TOWARD THE DIRECTOR OF FINANCE AND OPERATIONS, TREASURER, OR FINANCE COMMITTEE MEMBERS PRIOR TO THE FILING DATE. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. THE FORM 990 AND ALL REQUIRED SUPPLEMENTAL SCHEDULES, EXCEPT FOR SCHEDULE B DUE TO CONFIDENTIALITY REASONS, HAVE BEEN REVIEWED FOR COMPLETENESS AND ACCURACY BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER ANNUALLY COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE TRUSTEE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE WALDORF SCHOOL INC. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE SCHOOL DIRECTOR, THE DIRECTOR OF FINANCE AND OPERATIONS, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. ANY INDIVIDUALS WITH IDENTIFIED CONFLICTS OF INTEREST DO NOT PARTICIPATE IN DISCUSSIONS OR VOTES WITH RESPECT TO THOSE MATTERS, NOR ARE THEY PERMITTED TO EXERT INFLUENCE ON ANY VOTING MEMBER REGARDING THOSE MATTERS. THIS POLICY IS APPLICABLE TO ALL OFFICERS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION POLICY STATES THAT THE PROCESS INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OR COMPENSATION COMMITTEE OF THE WALDORF SCHOOL INC, PROVIDED THAT PERSONS WITH CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFOED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED SITUATED ORGANIZATIONS. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THIS PROCESS WAS PERFORMED DURING THE CURRENT FISCAL YEAR FOR THE POSITIONS OF THE HEAD OF SCHOOL AND FINANCE AND ADMINISTRATION DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THESE DOCUMENTS ARE MADE AVAILABLE IN THE SCHOOL'S MAIN BUSINESS OFFICE.