2024-02-06T15:49:49-06:00 2023-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL STREET 4TH FLOOR CONCORD NH 03301 990 2022-07-01 020265542 THE DERRYFIELD SCHOOL DERR 6036694524 2108 RIVER ROAD MANCHESTER NH 03104 SCOTT MCPHERSON CFO 6036694524 2024-02-06 1 SCOTT MCPHERSON 999009999 0 KELLI D'AMORE P01402985 6032245357 2024-02-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT MCPHERSON 2108 RIVER ROAD MANCHESTER NH 03104 29276070 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. 17 17 213 125 0 0 2311414 4282108 16676448 17607314 1328316 650323 7024 -13383 20323202 22526362 3868151 4289330 0 0 9317476 9729741 0 0 779534 5184649 5211114 18370276 19230185 1952926 3296177 44949554 49506131 15860439 16259922 29089115 33246209 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 14302566 4289330 17617117 THE 2022-23 SCHOOL YEAR WAS A YEAR OF GROWTH FOR THE DERRYFIELD SCHOOL. AS WE EMERGED FROM THE COVID ERA, WE SET ANOTHER RECORD FOR ENROLLMENT, OPENING WITH 415 STUDENTS. THE DIVERSITY OF OUR STUDENT BODY EXPANDED AS 24% OF OUR STUDENTS SELF-IDENTIFIED AS STUDENTS OF COLOR, AS COMPARED TO 13% IN THE STATE OF NEW HAMPSHIRE. IN ADDITION, 34% OF DERRYFIELD STUDENTS RECEIVED NEED-BASED FINANCIAL AID, INCLUDING SEVEN 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.ANDY CHAPPELL JOINED THE DERRYFIELD COMMUNITY AS THE NINTH HEAD OF SCHOOL IN JULY 2022. ANDY SHEPHERDED THE SCHOOL THROUGH ITS FOURTH YEAR OF A STRATEGIC PLAN REFRESH, ALL THE WHILE BUILDING COMMUNITY AND HELPING TO GUIDE THE INITIAL PROCESS OF SCHOOL RE-ACCREDITATION THROUGH THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. THE RE-ACCREDITATION PROCESS WILL CONCLUDE IN DECEMBER 2023.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 THOUGHTFUL 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 2023, 100% OF THE CLASS WAS ADMITTED TO FOUR YEAR COLLEGES AND UNIVERSITIES, 90% TO ONE OF THEIR TOP THREE CHOICES. AS A WHOLE, THE CLASS WAS OFFERED OVER $4 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 RAISED $7.7 MILLION DOLLARS, 88% OF THE GOAL, TO CONSTRUCT THE COMMONS, A DINING FACILITY IN THE HEART OF CAMPUS. THE COMMONS IS SLATED TO OPEN ITS DOORS FOR THE FIRST COMMUNITY MEAL IN FALL OF 2023, AND IT WILL PROVIDE ENOUGH SPACE TO ACCOMMODATE EACH DIVISION TO GATHER AS ONE OVER HEALTHY, DELICIOUS MEALS. HEAD OF SCHOOL ANDY CHAPPELL NOTED, "ONE OF THE MOST IMPORTANT THINGS WE CAN DO AS A COMMUNITY IS TO SHARE A MEAL TOGETHER, DURING WHICH WE CAN GATHER TO ENJOY ONE ANOTHER, AND TO LEARN FROM ONE ANOTHER BY BUILDING THE COMMONS, WE WILL BRING THIS SENSE OF COMMUNITY TO OUR ENTIRE DERRYFIELD FAMILY. WE WILL ALSO HAVE THE OPPORTUNITY TO EDUCATE OUR STUDENTS ABOUT THE IMPORTANCE OF HEALTH, WELLNESS, DAILY EXERCISE, AND GOOD NUTRITION. WE'RE EXCITED AT LONG LAST TO HAVE A FACILITY AND A PARTNERSHIP WITH A FOOD SERVICE PROVIDER THAT CAN PROVIDE AND TEACH THESE VALUES AND IMPORTANT LIFE SKILLS."FINALLY, THE 2022-23 SCHOOL YEAR SAW A RETURN TO COLLABORATIONS WITH THE GREATER MANCHESTER COMMUNITY. VOLUNTEER STUDENTS PARTNERED WITH THE AFGHAN SUPPORT NETWORK TO HELP TUTOR YOUNG AFGHANI CHILDREN IN THEIR ENGLISH SKILLS, AND 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 FROM SPECIAL OLYMPICS AND WERE THRILLED TO GET BACK TO THIS UNIQUE EXPERIENCE AFTER A THREE-YEAR HIATUS DUE TO COVID. THE RED CROSS CLUB ORGANIZED A SUCCESSFUL BLOOD DRIVE, AND EQUITY CLUB PARTICIPATED IN AND RAISED OVER THREE THOUSAND DOLLARS FOR WAYPOINT'S SLEEP OUT TO COMBAT YOUTH HOMELESSNESS. COMMUNITY SERVICE WAS WOVEN INTO THE CURRICULUM AS SIXTH GRADE MATH STUDENTS PUT THEIR KNOWLEDGE OF RATIOS AND FRACTIONS TO GOOD USE IN SCALING UP RECIPES, THEN COOKING AND SERVING LUNCH AT THE SLUSSER SENIOR CENTER IN HOPKINTON. EIGHTH GRADERS PARTNERED WITH STUDENTS AT WEBSTER ELEMENTARY SCHOOL FOR LESSONS IN SCIENCE AND LEADERSHIP. UPPER SCHOOL STUDENTS WHO JOINED COMMUNITY CONNECTIONS TRAVELED BY VAN TO VOLUNTEER ALL OVER MANCHESTER. THEY ASSEMBLED FOOD KITS FOR MANCHESTER STUDENTS IN DANGER OF GOING HUNGRY OVER THE WEEKEND AT FUELED BY KIDS, WHICH WAS FOUNDED BY GRACE MIKOL '18. STUDENTS OFFERED TECHNOLOGY HELP TO SENIORS AT RIVERWOODS, SOLVING PESKY PROBLEMS WITH EMAILS OR PHOTO-SHARING. THEY SORTED THROUGH DONATIONS OF FOOD AND OTHER SUPPLIES AT THE FAMILIES IN TRANSITION FOOD PANTRY. IN ADDITION, THE DERRYFIELD SCHOOL IS COMMITTED TO SHARING OUR FACILITIES WITH LOCAL, FELLOW NON-PROFIT ORGANIZATIONS. DURING THE SUMMER OF 2022, THREE SUCH ORGANIZATIONS UTILIZED OUR TENNIS COURTS AND A MULTI-PURPOSE SPACE: 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. ADVANTAGE KIDS, WHOSE MISSION IS TO: "INTRODUCE NORTHERN NEW ENGLAND YOUTH TO THE BENEFITS OF TENNIS AND YOGA, HELPING THEM DEVELOP IN BODY AND MIND," USED THE DERRYFIELD TENNIS COURTS AND MOVEMENT ROOM FOR SIX WEEKS, TWICE PER WEEK. THE 30+ KIDS IN THE PROGRAM WERE INSTRUCTED BY BOTH LOCAL COACHES, AND DERRYFIELD STUDENTS. 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 25 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. 512126 THE DERRYFIELD SCHOOL, BREAKTHROUGH MANCHESTER'S HOST FOR THE PAST 32 YEARS, FOCUSED ON THE CORE VALUE OF COMMUNITY IN 2022 THAT WAS CARRIED THROUGH THE SUMMER BY BREAKTHROUGH MANCHESTER. WITH 89 STUDENTS AND 23 TEACHING FELLOWS, WE HAD THE STRONGEST SENSE OF COMMUNITY EVER AS WE LAUNCHED OUR 31ST SUMMER - THE FIRST THAT WAS FULLY IN-PERSON SINCE THE PANDEMIC THAT HAD DISRUPTED ALL OF OUR LIVES. ACCORDING TO A NEW YORK TIMES ARTICLE (5/5/2022), EDUCATIONAL INEQUITY HAS SURGED SINCE 2020. ECONOMICALLY DISADVANTAGED STUDENTS WERE MORE LIKELY TO GO REMOTE AND WERE MOST CHALLENGED BY THE TECHNOLOGY AND LOGISTICS OF REMOTE SCHOOLING. THEREFORE, IT IS WELL DOCUMENTED THAT LOW-INCOME AND BIPOC STUDENTS, ALREADY FACING AN EDUCATIONAL GAP, FELL FURTHER BEHIND IN SCHOOL. MANCHESTER SCHOOL DISTRICT IS NO DIFFERENT, THEY SHOW THAT STUDENTS ARE STRUGGLING WITH PANDEMIC LEARNING LOSS ESPECIALLY STUDENTS OF COLOR. BTM CONTINUES TO USE A STUDENT-CENTERED APPROACH TO MEET EVOLVING CHALLENGES AND CELEBRATE OUR GRADUATES, WHO AFTER EXPERIENCING THE SIX YEARS OF BREAKTHROUGH MENTORING AND LEARNING, - HAVE ALL CONTINUED EDUCATION AFTER HIGH SCHOOL GRADUATION. BREAKTHROUGH MANCHESTER'S UNIQUE "STUDENTS-TEACHING-STUDENTS DUAL MISSION PROVIDES SIX YEARS OF INTENSIVE, TUITION-FREE ACADEMIC PROGRAMMING TO SUPPORT MANCHESTER STUDENTS FROM TRADITIONALLY UNDERSERVED COMMUNITIES ON THEIR PATH TO COLLEGE WHILE INSPIRING EMERGING LEADERS IN HIGH SCHOOL AND COLLEGE TO BE THE NEXT GENERATION OF EDUCATORS AND ADVOCATES FOR EDUCATIONAL EQUITY.WE DO THIS BY:1. INSPIRING EXCITEMENT FOR LEARNING: MOTIVATED STUDENTS GAIN THE SKILLS AND CONFIDENCE THEY NEED TO EXCEL IN SCHOOL. AT BREAKTHROUGH, IT'S COOL TO BE SMART!2. CREATING PATHS TO COLLEGE: WE CHALLENGE AND PREPARE STUDENTS TO SUCCEED IN RIGOROUS ACADEMIC PROGRAMS AND ASPIRE TO CONTINUE THEIR EDUCATION AFTER HIGH SCHOOL.3. PROMOTING CAREERS IN EDUCATION: HIGH SCHOOL AND COLLEGE STUDENTS RECEIVE TRAINING, SUPPORT, AND HANDS-ON EXPERIENCE. THEY ARE INSPIRED TO BECOME THE NEXT GENERATION OF EDUCATORS AND LEADERS IN OUR COMMUNITY THROUGH COMPETITIVE RECRUITMENT, RESEARCH-BASED TRAINING, AND COACHING FROM MASTER EDUCATORS. BREAKTHROUGH'S 6-WEEK SUMMER PROGRAM WHICH IS FOCUSED ON RIGOROUS ACADEMIC ENRICHMENT WITH A BALANCE OF SUMMER CAMP FUN IS THE FOUNDATION OF BREAKTHROUGH AND WHERE THE MAGIC TRULY HAPPENS. FROM PHYSICS AND GEOMETRY TO READING AND WRITING, STUDENTS HONED ACADEMIC SKILLS AND PREPARED FOR THE SCHOOL YEAR AHEAD. MEANWHILE, THEY TRIED NEW EXTRACURRICULAR COURSES LIKE QUIDDITCH, KNITTING, LACROSSE, FRENCH, OR PERFORMANCE DANCE! COMMUNITY BUILDING WAS THE CORNERSTONE OF COLLEGE AND CAREER FAIRS AND FIELD TRIPS TO STAR ISLAND, RATTLESNAKE MOUNTAIN, AND BOSTON COLLEGES AND CULTURAL SITES. ALL THE WHILE, STUDENTS ENJOYED COMMUNITY BLOCKS, ADVISORY ACTIVITIES, AND SHARING THEIR TALENTS AT ALL SCHOOL MEETINGS!TO KEEP IN TOUCH WITH OUR STUDENTS AND CONTINUE TO SUPPORT THEIR EDUCATIONAL PATHWAY, 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: COMMUNICATIONS, CULTURE AND TRADITIONS, MINDFULNESS AND WELLNESS, AND A SPECIAL FOCUS ON STEM SUBJECTS. IN FEBRUARY AN EXTRA SCIENCE SATURDAY WAS HELD IN THE DERRYFIELD LABS FOR BREAKTHROUGH BY DERRYFIELD. DURING THIS OPTIONAL ADDITIONAL DAY, STUDENTS WERE LED BY BREAKTHROUGH TEACHER, KENNEDY, AND DERRYFIELD TEACHER DR. MOON, THROUGH A GENETIC MODIFICATION LAB USING THE STATE-OF-THE-ART SCIENCE LABS AT THE DERRYFIELD SCHOOL! THIS LAB ALLOWS STUDENTS TO EXPLORE THE WORLD OF BIOTECHNOLOGY AND MAKE BACTERIA GLOW GREEN! THE FINAL SUPER SATURDAY CONTINUED THE SCIENCE THEME WITH A VISIT TO CHASE LABS AT UNH TO EXPLORE THEIR FACILITIES WHICH INCLUDED: GIANT WATER AND WAVE TANKS, OCEAN MAPPING, LIVE UNDERWATER FEEDS AND EVEN DISSECTING A SQUID AND WRITING WITH ITS INK!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 TRANSPORTATION COSTS. AS WE STRIVE TO KEEP OUR STUDENTS ON THEIR PATHS TO COLLEGE DURING THESE COVID RECOVERY TIMES, BREAKTHROUGH HAS BECOME MORE IMPORTANT THAN EVER TO PROVIDE ACADEMIC, EMOTIONAL, AND SOCIAL SUPPORT. WE ARE GRATEFUL FOR THE GENEROSITY OF MANY FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS IN OUR COMMUNITY TO MAKE BREAKTHROUGH HAPPEN - BUT ESPECIALLY TO THE DERRYFIELD SCHOOL FOR ITS MYRIAD AVENUES OF IN-KIND SUPPORT FOR BREAKTHROUGH. 14814692 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 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 1 109 0 1 213 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 FORCE 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 2.00 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 CHAIR 2.00 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 GARVIN WARNER TRUSTEE 2.00 X 0 0 0 NEAL WINNEG TRUSTEE - TREASURER/FINANCE CHAIR 4.00 X X 0 0 0 ANDREW CHAPPELL HEAD OF SCHOOL 40.00 X 177688 0 24332 SCOTT MCPHERSON CHIEF FINANCIAL OFFICER 40.00 X 176524 0 9867 FRANK BRANDT ASSISTANT HEAD FOR FACULTY AND INNOVATION 40.00 X 108161 0 31492 LINDLEY SHUTZ ASSOCIATE HEAD OF SCHOOL & DEAN OF ACADEMICS 40.00 X 106378 0 27574 MARY HALPIN CARTER FORMER HEAD OF SCHOOL 40.00 X 166475 0 27146 735226 0 120411 5 1 1 0 0 69611 4212497 71310 4282108 TUITION AND FEES 611110 16459503 16459503 AUXILIARY OPERATIONS 611110 1147811 1147811 17607314 461691 461691 6880744 28300 6675548 44864 205196 -16564 188632 188632 6110 69611 29296 -23186 -23186 FEES AND OTHER INCOME 611110 9803 9803 9803 22526362 17617117 0 627137 X 4289330 4289330 614073 614073 7061325 5404587 1220406 436332 399426 294177 79812 25437 1094967 795018 215298 84651 559950 392737 135306 31907 20873 2136 18737 78963 78963 77827 62073 14801 953 332205 101327 217399 13479 49899 1892 47907 100 84642 28521 50550 5571 626269 422730 172562 30977 60218 38782 19958 1478 55492 34564 19255 1673 433352 433352 1260034 945812 245210 69012 129695 59296 68797 1602 CATERING AND MEALS 440081 374520 46396 19165 LEASES 314138 287186 26756 196 SUPPLIES 255206 182939 49315 22952 STUDENT BILLING EXPENSE 249329 249329 742891 414384 294458 34049 19230185 14814692 3635959 779534 2922885 3695841 162835 15803 618198 567140 41276 44521 309775 284697 34978646 12071683 23715771 22906963 16548160 14764608 54316 42246 576338 7184312 44949554 49506131 927884 2016259 2182824 2004373 5341650 5231660 6487238 6300487 920843 707143 15860439 16259922 X 17393138 21611111 11695977 11635098 29089115 33246209 44949554 49506131 X 3296177 533024 327893 X 0 1 X 1 0 X 1512202 1889468 3652633 2311414 4282108 13647825 1512202 1889468 3652633 2311414 4282108 13647825 2797174 10850651 385321 271332 200905 279763 461691 1599012 418544 418544 15665381 78845536 0.69270 0.78580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6.21 1 0 10.00 427 10180051 888036 908909 453369 61876 11461751 11660224 101824 -1218319 297299 66379 10180051 9458194 365461 2219203 318361 64273 11660224 9047852 251975 587601 369479 59755 9458194 8722402 84874 643961 345914 57471 9047852 0.61670 0.38330 0 0 1240229 1240229 27233877 9019913 18213964 2730050 1748701 981349 3774490 1303069 2471421 22906963 CONSTRUCTION IN PROGRESS 6957000 RIGHT OF USE ASSETS 227312 7184312 DEFERRED COMPENSATION 15803 GIFT ANNUITIES PAYABLE 26265 INTEREST RATE SWAP IN LOSS POSITION 437103 LEASE LIABILITIES 227972 707143 X 19054669 533024 2400 -3960389 -3424965 22479634 76024 -29296 46728 22526362 14897575 2400 30344 32744 14864831 76024 4289330 4365354 19230185 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 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION REPORTED PER AUDITED FINANCIAL STATEMENTS IS NET OF FINANCIAL AID -4,289,330. CHANGE IN VALUE OF INTEREST RATE SWAP 328,941. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING REVENUE REPORTED PER 990 IS NET OF FUNDRAISING EXPENSES -29,296. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING REVENUE REPORTED PER 990 IS NET OF FUNDRAISING EXPENSES 29,296. CHANGE IN PRESENT VALUE OF PLANNED GIFTS 1,048. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REPORTED PER AUDITED FINANCIAL STATEMENTS IS NET OF FINANCIAL AID 4,289,330. 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. 1 FINANCIAL AID AND SCHOLARSHIPS TO STUDENTS 117 3624880 FMV TUITION REDUCTION TUITION REMISSION 20 409500 FMV TUITION REDUCTION FOUNDER'S SCHOLAR AWARDS 37 175950 FMV TUITION REDUCTION CORE VALUES SCHOLAR AWARDS 5 79000 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 163040 0 14648 0 0 0 14458 0 9874 0 202020 0 0 0 MARY HALPIN CARTER FORMER HEAD OF SCHOOL 166475 0 0 0 0 0 16894 0 10252 0 193621 0 0 0 SCOTT MCPHERSON CHIEF FINANCIAL OFFICER 176524 0 0 0 0 0 8930 0 937 0 186391 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 10492 X 8 60818 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 13,272. MANAGEMENT AND GENERAL EXPENSES 159,469. FUNDRAISING EXPENSES 5,914. TOTAL EXPENSES 178,655. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 88,055. MANAGEMENT AND GENERAL EXPENSES 57,930. FUNDRAISING EXPENSES 7,565. TOTAL EXPENSES 153,550. FORM 990, PART IX, LINE 24E COPYRIGHT LICENSING FEES: PROGRAM SERVICE EXPENSES 33,758. MANAGEMENT AND GENERAL EXPENSES 137,134. FUNDRAISING EXPENSES 15,610. TOTAL EXPENSES 186,502. FURNITURE AND EQUIPMENT: PROGRAM SERVICE EXPENSES 96,660. MANAGEMENT AND GENERAL EXPENSES 24,107. FUNDRAISING EXPENSES 3,966. TOTAL EXPENSES 124,733. STUDENT AWARDS AND PARTICIPATION: PROGRAM SERVICE EXPENSES 108,404. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,404. VEHICLES, GAS AND REGISTRATION: PROGRAM SERVICE EXPENSES 64,159. MANAGEMENT AND GENERAL EXPENSES 4,078. FUNDRAISING EXPENSES 1,177. TOTAL EXPENSES 69,414. RENTALS: PROGRAM SERVICE EXPENSES 48,835. MANAGEMENT AND GENERAL EXPENSES 9,825. FUNDRAISING EXPENSES 4,660. TOTAL EXPENSES 63,320. INSTITUTIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 11,952. MANAGEMENT AND GENERAL EXPENSES 38,274. FUNDRAISING EXPENSES 42. TOTAL EXPENSES 50,268. BAD DEBT AND ALLOWANCE ADJUSTMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 39,832. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,832. EMPLOYEE RECRUITMENT: PROGRAM SERVICE EXPENSES 5,959. MANAGEMENT AND GENERAL EXPENSES 25,493. FUNDRAISING EXPENSES 23. TOTAL EXPENSES 31,475. BANK AND BOND FEES: PROGRAM SERVICE EXPENSES 1,837. MANAGEMENT AND GENERAL EXPENSES 14,808. FUNDRAISING EXPENSES 7,592. TOTAL EXPENSES 24,237. SUBSCRIPTIONS AND DUES: PROGRAM SERVICE EXPENSES 12,079. MANAGEMENT AND GENERAL EXPENSES 4,599. FUNDRAISING EXPENSES 529. TOTAL EXPENSES 17,207. SAFETY AND SECURITY: PROGRAM SERVICE EXPENSES 6,227. MANAGEMENT AND GENERAL EXPENSES 1,558. FUNDRAISING EXPENSES 450. TOTAL EXPENSES 8,235. DESIGN AND PRODUCTION: PROGRAM SERVICE EXPENSES 7,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,976. TUITION REIMBURSEMENT: PROGRAM SERVICE EXPENSES 12,811. MANAGEMENT AND GENERAL EXPENSES -5,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,561. COST OF GOODS SOLD: PROGRAM SERVICE EXPENSES 2,997. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,997. TESTING: PROGRAM SERVICE EXPENSES 730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 730. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF PLANNED GIFTS -1,048. CHANGE IN VALUE OF INTEREST RATE SWAP 328,941.