2025-04-02T12:44:05-05:00 2024-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL STREET 4TH FLOOR CONCORD NH 03301 990 2023-07-01 020265542 THE DERRYFIELD SCHOOL DERR 6036694524 2108 RIVER ROAD MANCHESTER NH 03104 SCOTT MCPHERSON CFO 6036694524 2025-04-01 1 0 MELISSA A BIRON P01399032 6032245357 2025-04-01 2023 2025-03-06 01:10:19Z SCOTT MCPHERSON 2108 RIVER ROAD MANCHESTER NH 03104 23182947 0 X WWW.DERRYFIELD.ORG X 1964 NH THE DERRYFIELD SCHOOL INSPIRES BRIGHT, MOTIVATED YOUNG PEOPLE TO BE THEIR BEST AND PROVIDES THEM WITH THE SKILLS AND EXPERIENCES NEEDED TO BE VALUED, DYNAMIC, CONFIDENT, AND PURPOSEFUL MEMBERS OF ANY COMMUNITY. 19 19 205 125 0 0 4282108 2280129 17607314 18151163 650323 460706 -13383 6467 22526362 20898465 4289330 4777075 0 0 9729741 10113502 0 0 757040 5211114 5782147 19230185 20672724 3296177 225741 49506131 50868578 16259922 15670837 33246209 35197741 X THE DERRYFIELD SCHOOL INSPIRES BRIGHT, MOTIVATED YOUNG PEOPLE TO BE THEIR BEST AND PROVIDES THEM WITH THE SKILLS AND EXPERIENCES NEEDED TO BE VALUED, DYNAMIC, CONFIDENT, AND PURPOSEFUL MEMBERS OF ANY COMMUNITY. 0 0 15720929 4777075 18175769 THE 2023-24 SCHOOL YEAR SAW THE DERRYFIELD SCHOOL RETURN TO ENROLLMENT AND ACTIVITY LEVELS THAT WERE LAST EXPERIENCED PRE-COVID. BY THE NUMBERS, 28% OF OUR POPULATION (387 STUDENTS) SELF-IDENTIFIED AS PERSONS OF COLOR, AS COMPARED TO 16% IN THE STATE OF NEW HAMPSHIRE. IN ADDITION, 39% OF DERRYFIELD STUDENTS RECEIVED NEED-BASED FINANCIAL AID, INCLUDING EIGHT AMOSKEAG SCHOLARS WHO ENROLLED TUITION-FREE, REPRESENTING BRIGHT AND HIGHLY MOTIVATED STUDENTS FROM LOCAL UNDERSERVED POPULATIONS. THESE STUDENTS JOINED OUR CARLSON SCHOLARS AND MALONE SCHOLARS, WHO QUALIFY THROUGH BOTH A FINANCIAL AND ADMISSION LENS, AND ENROLL WITH THE ASSISTANCE OF OUR ENDOWED FUNDS.HEAD OF SCHOOL ANDY CHAPPELL SHEPHERDED THE SCHOOL THROUGH ITS FINAL YEAR OF A STRATEGIC PLAN REFRESH, ALL THE WHILE BUILDING COMMUNITY AND HELPING TO GUIDE THE PROCESS OF SCHOOL RE-ACCREDITATION THROUGH THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. THE RE-ACCREDITATION PROCESS CONCLUDED IN DECEMBER 2023. THIS YEAR, OUR 60TH, WE LOOK BACK AND CELEBRATE WHAT HAS BEEN ACCOMPLISHED, WHILE ALSO LOOKING FORWARD WITH OPTIMISM ABOUT WHAT LIES AHEAD FOR DERRYFIELD AS WE DEVELOP A NEW STRATEGIC PLAN. AT THE CORE OF OUR PROCESS HAS BEEN A CRUCIAL BALANCE BETWEEN PRESERVING THE FUNDAMENTAL VALUES AND EFFECTIVE PRACTICES THAT DEFINE DERRYFIELD'S IDENTITY AND SUCCESS WHILE ADAPTING PROACTIVELY TO FUTURE NEEDS, CHALLENGES, AND OPPORTUNITIES. WE ARE ON TRACK TO ADOPT A NEW STRATEGIC PLAN IN MAY 2025.THE SCHOOL HAS STAYED TRUE TO ITS MISSION, AND STRIVES TO BE A REGIONAL AND STATE LEADER IN EDUCATIONAL EXCELLENCE AND INNOVATION. OUR STRATEGIC PLANS KEEP US FOCUSED ON BEING THOUGHT LEADERS, KEEPING OUR PEDAGOGY AND FACILITIES CURRENT AND INNOVATIVE, AND STAYING CONNECTED TO THE LOCAL AND GLOBAL COMMUNITY. AS A COLLEGE PREPARATORY SCHOOL, WE EXCEL AT DEVELOPING SKILLS AND LIFELONG HABITS THAT SET OUR ALUMNI UP FOR SUCCESS IN COLLEGE AND BEYOND. FOR THE SCHOOL YEAR ENDING JUNE 2024, 100% OF THE CLASS WAS ADMITTED TO FOUR YEAR COLLEGES AND UNIVERSITIES, 100% TO ONE OF THEIR TOP THREE CHOICES. AS A WHOLE, THE CLASS WAS OFFERED OVER $15.5 MILLION PER YEAR IN NON-NEED BASED MERIT AID FROM THESE COLLEGES AND UNIVERSITIES. ALUMNI CONTINUE TO CONNECT BACK TO DERRYFIELD, MOST NOTABLY IN THEIR EFFORTS TO PROVIDE VALUABLE COLLEGE AND CAREER ADVICE TO DERRYFIELD STUDENTS AND YOUNG ALUMNI USING DERRYFIELD CONNECT, AN ONLINE PLATFORM THAT OFFERS NETWORKING RESOURCES.THE DERRYFIELD SCHOOL BEGINS ITS SECOND HALF-CENTURY IN A POSITION OF STRENGTH AND WITH A PROFOUND SENSE OF OPPORTUNITY. WE ARE COMMITTED TO PROVIDING FACILITIES THAT MATCH OUR STELLAR ACADEMIC PROGRAM. WORKING TOWARD COMPLETION OF A MAJOR GOAL OF THE FACILITIES STRATEGIC PLAN, THE SCHOOL HAS ONLY $250,000 LEFT TO RAISE TOWARD $8.7 MILLION TO COMPLETE FUNDING OF THE MATARESE DINING COMMONS. THE COMMONS OPENED ITS DOORS FOR THE FIRST COMMUNITY MEAL IN OCTOBER OF 2024, AND PROVIDES ENOUGH SPACE TO ACCOMMODATE EACH DIVISION TO GATHER AS ONE OVER HEALTHY, DELICIOUS MEALS. HEAD OF SCHOOL ANDY CHAPPELL NOTED, "THE COMMONS IS THE HEART OF OUR CAMPUS, A PLACE TO SPEND TIME TOGETHER OVER A SHARED MEAL, A PLACE THAT TRANSFORMS THE DAILY EXPERIENCE FOR OUR STUDENTS, FACULTY, AND STAFF."THE 2023-24 SCHOOL YEAR SAW A CONTINUATION OF COLLABORATIONS WITH THE GREATER MANCHESTER COMMUNITY. VOLUNTEER STUDENTS PARTNERED WITH THE CENTER FOR NEW AMERICANS TO HELP TUTOR READING AND WRITING SKILLS TO ELL STUDENTS. AN ENTIRE GRADE SPENT PART OF A DAY IMPROVING GROUNDS AND FACILITIES AT A LOCAL CAMP FOR DISABLED CHILDREN AND ADULTS. FOR OVER TWENTY YEARS, OUR STUDENTS HAVE WORKED WITH ATHLETES AT THE ANNUAL NH SPECIAL OLYMPICS WINTER GAMES, A THREE-DAY EVENT IN WATERVILLE VALLEY. THE RED CROSS CLUB ORGANIZED A SUCCESSFUL BLOOD DRIVE, AND DURING THE FALL HOLIDAY SEASON STUDENTS GATHERED CANNED GOODS FOR THE NH FOOD BANK, ASSEMBLED MEAL KITS FOR FAMILIES IN TRANSITION, AND COLLECTED GIFTS FOR CHILDREN AT MANCHESTER COMMUNITY COLLEGE HEAD START PROGRAM. FOR THE 17TH YEAR, DERRYFIELD STUDENTS PARTNERED WITH HABITAT FOR HUMANITY DURING SPRING BREAK TO BUILD HOMES ALONGSIDE CONSTRUCTION STAFF AND LOCAL VOLUNTEERS. IN ADDITION, THE DERRYFIELD SCHOOL IS COMMITTED TO SHARING OUR FACILITIES WITH LOCAL, FELLOW NON-PROFIT ORGANIZATIONS. DURING THE SUMMER OF 2023, TWO SUCH ORGANIZATIONS UTILIZED OUR TENNIS COURTS AND GYM: CHABAD OF NH, OUR NEIGHBOR DOWN THE ROAD, CAME TO DERRYFIELD EVERY WEDNESDAY FOR A MONTH. A DOZEN CHILDREN FROM THEIR DAY CAMP PROGRAM RECEIVED TENNIS INSTRUCTIONS FROM ONE OF THEIR COUNSELORS. YOUTH CO-ED TENNIS, A (NOMINALLY) FREE PROGRAM OFFERED TO MANCHESTER CHILDREN, UTILIZED THE DERRYFIELD COURTS THE WEEK OF JULY 25-29 FOR THEIR HALF-DAY TENNIS PROGRAM. APPROXIMATELY 15 CHILDREN ATTENDED THE CAMP.DERRYFIELD'S AIM, TO INSPIRE BRIGHT, MOTIVATED STUDENTS TO BE THEIR BEST AND TO BECOME LEADERS FOR THE COMMON GOOD, GIVES PURPOSE TO OUR COLLEAGUES, OUR STUDENTS, OUR FAMILIES, AND ALL OUR VOLUNTEERS. WE LOOK FORWARD TO ANOTHER STELLAR YEAR. 565349 THE DERRYFIELD SCHOOL, BREAKTHROUGH MANCHESTER'S HOST FOR THE PAST 33 YEARS, FOCUSED ON THE CORE VALUE OF FAMILY IN 2023-24 AND THAT WAS CARRIED THROUGH THE SUMMER BY BREAKTHROUGH MANCHESTER. WITH 88 STUDENTS AND 24 TEACHING FELLOWS, OUR COMMUNITY BONDED LIKE FAMILY AS WE CELEBRATED BREAKTHROUGH'S 33RD SUMMER. WITH A THEME OF "UNDER THE SEA", WE ALL DOVE INTO TEACHING AND LEARNING, EMBRACING NEW EXPERIENCES TOGETHER. SUMMER HIGHLIGHTS INCLUDED: LEARNING ABOUT BODY SYSTEMS AND DISSECTING REAL ANIMAL HEARTS IN BIOLOGY, LEARNING ABOUT THE ELEMENTS AND PERFORMING LABS TESTING VARIOUS SOLUTIONS IN CHEMISTRY, AND APPLYING NEWTON'S LAWS TO CREATE FUNCTIONAL PAPER ROLLER COASTERS FOR MARBLES IN PHYSICS INSPIRING LITERATURE DISCUSSIONS AROUND READING THE OTHER WES MOORE, RAISIN IN THE SUN, THE ARRIVAL, AND FAREWELL TO MANZANAR - MAKING CONNECTIONS WITH HISTORY AND STUDENTS' WORLDS WRITING CLASSES EMPOWERED STUDENTS TO EXPRESS THEMSELVES AND WHAT THEY BELIEVE IN, THROUGH PERSUASIVE, ARGUMENTATIVE, AND PERSONAL NARRATIVE ESSAYS MATH - ALGEBRA AND GEOMETRY, WORD PROBLEMS, AND GRAPHS - WITH CREATIVE TWISTS LIKE CHALKING NUMBER LINES ON THE MACADAM AND JUMPING ALONG THE LINE TO SOLVE PROBLEMSAND THAT'S ONLY WHAT HAPPENED IN THE MORNINGS! AFTERNOONS WERE FILLED WITH: COLLEGE FAIRS TO LEARN ABOUT THE COLLEGES ATTENDED BY OUR 24 CREATIVE, ENGAGING TEACHING FELLOWS CAREER FAIRS START STUDENTS THINKING ABOUT FUTURE DREAMS AND THE PATHS TO GET THEM THERE SERVICE AND GRATITUDE: OUR STUDENTS MADE OVER 171 CARDS AND BRACELETS TO BRIGHTEN THE DAYS OF CHILDREN IN LOCAL HOSPITALS! STUDENTS CLIMBED MOUNTAINS, TOOK A FERRY TO VISIT AN ISLAND OFF THE COAST OF NH, EXPLORED LOCAL COLLEGES AND MUSEUMS IN NEW HAMPSHIRE AND BOSTON - AND SO MUCH MORE!OVER BREAKFAST ON THE FINAL DAY OF SUMMER, EVERY 7TH GRADER, EVEN THOSE WHO WERE NERVOUS AND A LITTLE SHY ON THE FIRST DAY, STOOD UP AND SPOKE IN A LOUD VOICE TO ALL 120 OF US TO ANSWER THE QUESTION OF THE DAY, "WHAT WAS YOUR FAVORITE SUMMER ACTIVITY AT BREAKTHROUGH?" THE BOSTON FIELD TRIP - VISITING COLLEGES, RIDING TRAINS, AND EXPLORING MUSEUMS WAS A TOP CHOICE, AS WELL AS OLYMPICS DAY - COMPETING IN JEOPARDY ON COLLEGE TEAMS, BUILDING PAPER BOATS TO FLOAT, OR PASSING SOAPY WATERMELONS! BTM PACKS A FULL SCHOOL YEAR OF ACTIVITIES INTO OUR 6-WEEK SUMMER PROGRAM!TO KEEP IN TOUCH WITH OUR STUDENTS AND CONTINUE TO SUPPORT THEIR EDUCATIONAL PATHWAYS, BREAKTHROUGH PROVIDES A SCHOOL YEAR PROGRAM OF 5 SUPER SATURDAYS. PARTNERING WITH DERRYFIELD AND OTHER LOCAL HIGH SCHOOLS, WE RECRUITED 15 HIGH SCHOOL STUDENTS TO SERVE AS TEACHERS AND MENTORS FOR 67 MIDDLE SCHOOL STUDENTS. THEMES FOR THE SATURDAYS INCLUDED: STUDY SKILLS, EXPLORING MEDIA: ART AND FILM, AND FOCUS ON WELLNESS AND SPORTS, INCLUDING PICKLEBALL AND FLOOR HOCKEY! IN FEBRUARY AN EXTRA STEM SATURDAY WAS LED BY THE DERRYFIELD ROBOTICS TEAM. DURING THIS OPTIONAL ADDITIONAL SATURDAY, STUDENTS BUILT ROBOTS WITH LEGOS AND ENJOYED A FRIENDLY COMPETITION! THE FINAL SUPER SATURDAY BROUGHT US ALL TO THE MANCHESTER-BOSTON REGIONAL AIRPORT WHERE OUR STUDENTS LEARNED ABOUT THE WORLD OF AVIATION BY EXPLORING VARIOUS CAREERS IN AIRPORT MANAGEMENT AND OPERATIONS.BREAKTHROUGH HAS REMAINED FINANCIALLY STABLE THROUGH THE EFFORTS OF OUR SMALL BUT MIGHTY YEAR-ROUND STAFF LED BY EXECUTIVE DIRECTOR DEB MCLOUD, PROGRAM DIRECTOR CAROLINE WILSON, AND DIRECTOR OF PHILANTHROPY ALICE HANDWERK. THROUGH ALICE'S HARD WORK, STRATEGY, AND PLANNING, BREAKTHROUGH EXCEEDED ITS FUNDRAISING GOAL AND KEPT CLOSE TO BUDGET DESPITE INCREASING EXPENSES, PARTICULARLY IN PROVIDING LUNCH AND TRANSPORTATION FOR OUR STUDENTS.AS WE STRIVE TO KEEP OUR STUDENTS ON THEIR PATHS TO COLLEGE, WE CONTINUE TO FIND GAPS IN THEIR LEARNING FROM THE COVID-19 YEARS. BREAKTHROUGH IS MORE IMPORTANT THAN EVER FOR ITS WORK TO ADDRESS THOSE GAPS AND PROVIDE ACADEMIC, EMOTIONAL, AND SOCIAL SUPPORT. WE ARE GRATEFUL FOR THE GENEROSITY OF MANY FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS IN OUR COMMUNITY WHO MAKE BREAKTHROUGH HAPPEN - ESPECIALLY THE DERRYFIELD SCHOOL FOR ITS MYRIAD AVENUES OF IN-KIND SUPPORT FOR BREAKTHROUGH. 16286278 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 1 112 0 1 205 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NH X X LYNNE WAGNER 6036694524 2108 RIVER ROAD MANCHESTER NH 03104 STEPHEN CARTER TRUSTEE - INVESTMENT TASK 4.00 X 0 0 0 DR CECELIA CLEMANS TRUSTEE 2.00 X 0 0 0 RICHARD CRITZ JR TRUSTEE 2.00 X 0 0 0 SHEILA DEWITT TRUSTEE - GOVERNANCE CHAIR 4.00 X 0 0 0 LISA DRAKE TRUSTEE 2.00 X 0 0 0 SALLY GREEN SECRETARY 4.00 X X 0 0 0 BOB GRUNBECK TRUSTEE - PHILANTHROPY CHA 4.00 X 0 0 0 LAUREN HINES TRUSTEE - VICE CHAIR 4.00 X X 0 0 0 STEVE JOHNSON TRUSTEE 2.00 X 0 0 0 BILL KELSEY TRUSTEE 2.00 X 0 0 0 JIM LAMP TRUSTEE - B&G CHAIR 4.00 X 0 0 0 HAROLD LOSEY TRUSTEE - AUDIT CHAIR 4.00 X 0 0 0 DR SAL MALIK TRUSTEE 2.00 X 0 0 0 BRENT POWELL TRUSTEE 2.00 X 0 0 0 SUSAN RAND KING TRUSTEE - BOARD CHAIR 8.00 X X 0 0 0 JOEL ROZEN TRUSTEE 2.00 X 0 0 0 SAURABH ULLAL TRUSTEE 2.00 X 0 0 0 NEAL WINNEG TRUSTEE - TREASURER/FINANC 4.00 X X 0 0 0 KAREN WU TRUSTEE 2.00 X 0 0 0 ANDREW CHAPPELL HEAD OF SCHOOL 40.00 X 338707 0 51440 SCOTT MCPHERSON CHIEF FINANCE AND OPERATIONS OFFICER 40.00 X 186609 0 10424 FRANK BRANDT ASSISTANT HEAD OF ACADEMIC AFFAIRS 40.00 X 118679 0 32195 MARK BLAISDELL HEAD OF MIDDLE SCHOOL 40.00 X 104304 0 34402 KATHLEEN RUTTY FEY ASSISTANT HEAD FOR EXTERNAL AFFAIRS 40.00 X 112386 0 31029 ANNA MOSKOV DIRECTOR OF PHILANTHROPY AND ENGAGEMENT 40.00 X 102162 0 27883 962847 0 187373 6 0 1 0 0 66991 2213138 440918 2280129 TUITION AND FEES 611110 16985638 16985638 AUXILIARY OPERATIONS 611110 1165525 1165525 18151163 397071 397071 2322728 3750 2258268 4575 64460 -825 63635 63635 3500 66991 21639 -18139 -18139 FEES AND OTHER INCOME 611110 24606 24606 24606 20898465 18175769 0 442567 X 4777075 4777075 619915 619915 7385210 5678721 1307965 398524 407315 296426 86972 23917 1142409 870099 177604 94706 558653 405033 125328 28292 22014 1745 20269 84435 84435 90659 70663 16205 3791 821506 662429 141620 17457 44033 1025 42908 100 81147 20170 52360 8617 660705 464150 169277 27278 312443 293472 17146 1825 33991 20013 12118 1860 439615 439615 1471069 1119843 281892 69334 180725 103188 75292 2245 SUPPLIES 355719 310384 31346 13989 COPYRIGHT LICENSING FEE 226101 46137 160922 19042 LEASES 190531 162529 27837 165 STUDENT AWARDS AND PART 135934 135535 399 631520 408026 177596 45898 20672724 16286278 3629406 757040 3695841 1832147 15803 34083 567140 489602 44521 207173 284697 337752 44436335 13448813 22906963 30987522 14764608 16854208 42246 30176 7184312 95915 49506131 50868578 2016259 1284123 2004373 1977544 5231660 5116251 6300487 6269024 416250 707143 607645 16259922 15670837 X 21611111 22289826 11635098 12907915 33246209 35197741 49506131 50868578 X 225741 1558928 166863 X 0 1 X 1 0 X 1889468 3652633 2311414 4282108 2280129 14415752 1889468 3652633 2311414 4282108 2280129 14415752 2946703 11469049 271332 200905 279763 461691 397071 1610762 16026514 82103792 0.71560 0.69270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6.21 1 1 10.00 456 11461751 1009113 1608631 498737 67737 13513021 10180051 888036 908909 453369 61876 11461751 11660224 101824 -1218319 297299 66379 10180051 9458194 365461 2219203 318361 64273 11660224 9047852 251975 587601 369479 59755 9458194 0.06530 0.53620 0.39850 0 0 1240229 1240229 35121318 9897633 25223685 4061078 2048069 2013009 4013710 1503111 2510599 30987522 DEFERRED COMPENSATION 34083 GIFT ANNUITIES PAYABLE 24364 INTEREST RATE SWAP IN LOSS POSITION 269366 LEASE LIABILITIES 46516 REFUNDABLE ADVANCE 233316 607645 X 17791926 1558928 6174 -4609338 -3044236 20836162 83942 -21639 62303 20898465 15800620 6174 22513 28687 15771933 83942 4816849 4900791 20672724 PART II, LINE 9: THE VALUE IS ACCOUNTED FOR AS A PART OF LAND IN THE SCHOOL'S FIXED ASSETS. PART V, LINE 4: DERRYFIELD'S ENDOWMENT IS AN INVESTMENT PORTFOLIO WITH THE INITIAL CAPITAL DERIVING FROM DONATIONS. INVESTMENT APPRECIATION IS TAKEN ANNUALLY AT AN APPROVED BOARD PERCENT. RELIABLE LONG-TERM SUPPORT FROM DERRYFIELD'S ENDOWMENT ENABLES THE SCHOOL TO INCREASE STUDENT AID, MAKE COMMITMENTS TO FACULTY, INITIATE PIONEERING RESEARCH, DEVELOP STRONGER TEACHING PROGRAMS, INVEST IN NEW TECHNOLOGIES, AND MAINTAIN OUR LIBRARIES, SCIENCE LABS, AND OTHER PHYSICAL ASSETS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ENTITLED "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAS 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 YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION REPORTED PER AUDITED FINANCIAL STATEMENTS IS NET OF FINANCIAL AID -4,777,075. CHANGE IN VALUE OF INTEREST RATE SWAP 167,737. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING REVENUE REPORTED PER 990 IS NET OF FUNDRAISING EXPENSES -21,639. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING REVENUE REPORTED PER 990 IS NET OF FUNDRAISING EXPENSES 21,639. CHANGE IN PRESENT VALUE OF PLANNED GIFTS 874. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REPORTED PER AUDITED FINANCIAL STATEMENTS IS NET OF FINANCIAL AID 4,777,075. OTHER EXPENSES 39,774. 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 HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ADMISSION VIEWBOOK, ITS WEBSITE, AND PERSONAL COMMUNICATIONS. BREAKTHROUGH MANCHESTER 54291 53741 550 4891 883 PFA SPRING BENEFIT 16200 13250 2950 742 3017 12106 70491 66991 3500 742 7908 12989 21639 -18139 1 FINANCIAL AID AND SCHOLARSHIPS TO STUDENTS 131 4117575 FMV TUITION REDUCTION TUITION REMISSION 19 409500 FMV TUITION REDUCTION FOUNDER'S SCHOLAR AWARDS 35 179000 FMV TUITION REDUCTION CORE VALUES SCHOLAR AWARDS 4 64000 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIPS AND FINANCIAL AID PROVIDE ASSISTANCE TO STUDENTS WHO COULD NOT OTHERWISE AFFORD TO ATTEND THE SCHOOL. STUDENTS WHO RECEIVE MERIT-BASED SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS, AND FINANCIAL AID ARE OFFERED AS A TUITION REDUCTION ONLY. CREDITS ARE NON-CASH AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE SCHOOL. THE SCHOOL AWARDS FINANCIAL AID BASED UPON FINANCIAL NEED IN AN OBJECTIVE AND NON-DISCRIMINATORY MANNER. THE SCHOOL MAINTAINS FILES ON EACH SUCCESSFUL CANDIDATE FOR NEED-BASED FINANCIAL AID. THE FILE INCLUDES A COMPLETED "PARENT FINANCIAL STATEMENT" (PFS) PROVIDED BY CLARITY, THE SCHOOL'S FINANCIAL AID APPLICATION AND COPIES OF THE MOST RECENT FILINGS OF THE PARENT'S 1040 FEDERAL TAX RETURN. THE SCHOOL USES THE INFORMATION PROVIDED BY THE ANALYSIS OF THE PFS BY CLARITY TO HELP MAKE AWARD DETERMINATIONS. AWARDS ARE ALSO ADJUSTED, AS NECESSARY, TO REFLECT SUPPLEMENTAL INFORMATION PROVIDED BY THE PARENTS. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 ANDREW CHAPPELL HEAD OF SCHOOL 338707 0 0 0 0 0 31500 0 19940 0 390147 0 0 0 SCOTT MCPHERSON CHIEF FINANCE AND OPERATIONS OFFICER 186609 0 0 0 0 0 9450 0 974 0 197033 0 0 0 FRANK BRANDT ASSISTANT HEAD OF ACADEMIC AFFAIRS 118679 0 0 0 0 0 12757 0 19438 0 150874 0 0 0 PART I, LINE 1B IT IS THE POLICY OF THE SCHOOL TO REIMBURSE STAFF FOR REASONABLE AND NECESSARY EXPENSES INCURRED IN CONNECTION WITH APPROVED TRAVEL AND EXPENSES ON BEHALF OF THE SCHOOL. THERE IS NO WRITTEN FORMAL POLICY REGARDING EXPENSES AND REIMBURSEMENTS. REIMBURSEMENT FOR EXPENSES FOLLOW IRS GUIDELINES FOR AN ACCOUNTABLE PLAN; PAID FOR INCURRED EXPENSES, ACCOUNT FOR EXPENSES INCURRED, RETURN EXCESS REIMBURSEMENT, ALL WITHIN A REASONABLE TIME PERIOD. A NH HEALTH & ED FACILITIES AUTHORITY 020279866 644614VK2 2017-12-01 5943000 PROCEEDS USED TO CURRENTLY REFUND PRIOR ISSUE. 0 0 0 A 5943000 2011 1 1 0 0 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 RBS CITIZENS NATIONAL 31.000000000000 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NH HEALTH & ED FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/24/2022 X 488 X 11 379549 FMV X CONSTRUCTION MATERIALS 1 60881 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE DERRYFIELD SCHOOL'S AUDIT COMMITTEE CONDUCTS A REVIEW OF COMPLIANCE AND FINANCIAL INFORMATION OF THE 990 BEFORE IT IS FILED. IN ADDITION, THE 990 IS MADE AVAILABLE FOR EVERY VOTING BOARD MEMBER BY PLACING THE DOCUMENT ON THE TRUSTEE WEBSITE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH ACADEMIC YEAR AT THE FIRST BOARD MEETING, THE BOARD IS PRESENTED WITH A QUESTIONNAIRE ON CONFLICTS OF INTEREST. THE CHAIR AND VICE CHAIR OF THE GOVERNANCE COMMITTEE IN CONSULTATION WITH THE DERRYFIELD CFO, REVIEW THE CONFLICT OF INTEREST FORMS AND DETERMINE WHETHER OR NOT THERE IS ANY POTENTIAL CONFLICT OF INTEREST. CONFLICTED PARTIES ARE UNABLE TO VOTE IN THIS PROCESS. CONNECTIONS TO THE SCHOOL ARE CONSIDERED UPON 'HIRING' NEW TRUSTEES. NEW TRUSTEES ARE PROVIDED WITH A COPY OF THE SCHOOL'S CONFLICT OF INTEREST POLICY AS A PART OF ORIENTATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF TOP OFFICIALS AND OFFICERS IS REVIEWED AGAINST THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) BENCHMARKS UPON HIRING, THEN PERIODICALLY EVERY FEW YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS ARE NOT MADE PUBLIC, BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 4,286. MANAGEMENT AND GENERAL EXPENSES 85,501. FUNDRAISING EXPENSES 6,810. TOTAL EXPENSES 96,597. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 658,143. MANAGEMENT AND GENERAL EXPENSES 56,119. FUNDRAISING EXPENSES 10,647. TOTAL EXPENSES 724,909. FORM 990, PART IX, LINE 24E CATERING AND MEALS: PROGRAM SERVICE EXPENSES 62,737. MANAGEMENT AND GENERAL EXPENSES 49,862. FUNDRAISING EXPENSES 23,269. TOTAL EXPENSES 135,868. VEHICLES, GAS AND REGISTRATION: PROGRAM SERVICE EXPENSES 80,390. MANAGEMENT AND GENERAL EXPENSES 3,825. FUNDRAISING EXPENSES 936. TOTAL EXPENSES 85,151. RENTALS: PROGRAM SERVICE EXPENSES 62,563. MANAGEMENT AND GENERAL EXPENSES 4,295. FUNDRAISING EXPENSES 8,988. TOTAL EXPENSES 75,846. FURNITURE AND EQUIPMENT: PROGRAM SERVICE EXPENSES 50,501. MANAGEMENT AND GENERAL EXPENSES 9,899. FUNDRAISING EXPENSES 1,216. TOTAL EXPENSES 61,616. STUDENT BILLING EXPENSE: PROGRAM SERVICE EXPENSES 56,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,181. INSTITUTIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 11,943. MANAGEMENT AND GENERAL EXPENSES 42,414. FUNDRAISING EXPENSES 37. TOTAL EXPENSES 54,394. EMPLOYEE RECRUITMENT: PROGRAM SERVICE EXPENSES 8,121. MANAGEMENT AND GENERAL EXPENSES 37,231. FUNDRAISING EXPENSES 98. TOTAL EXPENSES 45,450. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 39,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,774. BANK AND BOND FEES: PROGRAM SERVICE EXPENSES 5,865. MANAGEMENT AND GENERAL EXPENSES 13,816. FUNDRAISING EXPENSES 8,850. TOTAL EXPENSES 28,531. SUBSCRIPTIONS AND DUES: PROGRAM SERVICE EXPENSES 16,934. MANAGEMENT AND GENERAL EXPENSES 4,326. FUNDRAISING EXPENSES 2,299. TOTAL EXPENSES 23,559. BAD DEBT AND ALLOWANCE ADJUSTMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,091. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,091. DESIGN AND PRODUCTION: PROGRAM SERVICE EXPENSES 7,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,080. SAFETY AND SECURITY: PROGRAM SERVICE EXPENSES 3,316. MANAGEMENT AND GENERAL EXPENSES 837. FUNDRAISING EXPENSES 205. TOTAL EXPENSES 4,358. COST OF GOODS SOLD: PROGRAM SERVICE EXPENSES 2,621. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,621. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF PLANNED GIFTS -874. CHANGE IN VALUE OF INTEREST RATE SWAP 167,737.