2025-11-05T13:23:38-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-07-01 042105775 TRUSTEES OF LAWRENCE ACADEMY AT GROTON MA CORP TRUS 9784486535 26 POWDERHOUSE ROAD GROTON MA 01450 ROBERT M KRAMER ASSISTANT HEAD FOR FIN AND OPS 9784486535 2025-11-05 1 0 SHANNON CROWLEY P01594935 6177170831 2025-11-05 2024 2025-03-06 01:10:19Z X KAREN BRANDVOLD 26 POWDERHOUSE ROAD GROTON MA 01450 107723407 0 X WWW.LACADEMY.EDU X 1793 MA LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE, INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME, SUPPORTS YOU AS YOU LEARN, AND EMPOWERS YOU TO TAKE ACTION FOR THE GREATER GOOD." THROUGH ITS MISSION AND PROGRAMS, LAWRENCE ACADEMY SEEKS EXCELLENCE AND DISTINCTION THROUGH A "STUDENT-CENTERED" APPROACH TO EDUCATION. THE SCHOOL'S FOCUS BEGINS WITH A CAREFULLY DESIGNED ACADEMIC PROGRAM THAT STRIVES FOR CREATIVE AND INTERDISCIPLINARY APPROACHES TO LEARNING. ARTS AND ATHLETICS ARE ADDITIONAL AVENUES FOR FOSTERING SELF-DISCOVERY, GROWTH, PASSION, AND ACCOMPLISHMENT IN YOUNG PEOPLE. ULTIMATELY THE TOTAL EDUCATION PROGRAM, INCLUDING LIFE ON CAMPUS AND IN THE DORMS, IS DEDICATED TO TRANSFORMING THE LIVES OF YOUNG PEOPLE AND CREATING A COMMUNITY WHERE WELL-BEING, MUTUAL SUPPORT, AND THOUGHTFUL, RESPONSIBLE LIVING ARE FOSTERED. 32 32 208 125 0 0 7423078 5751269 27588647 28555802 721341 3383898 64188 62439 35797254 37753408 5884146 5895657 0 0 15182069 15954576 0 0 2368722 11464487 12208254 32530702 34058487 3266552 3694921 94778767 101453929 14477853 15750163 80300914 85703766 LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE, INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME, SUPPORTS YOU AS YOU LEARN, AND EMPOWERS YOU TO TAKE ACTION FOR THE GREATER GOOD. 0 0 27657005 5895657 28694046 THROUGH ITS MISSION, EACH YEAR LAWRENCE ACADEMY PREPARES MORE THAN ONE HUNDRED GRADUATES FOR SUCCESS IN THEIR NEXT ACADEMIC EXPERIENCES AND IN LIFE. IN THE PROCESS, THE SCHOOL'S ACADEMICS, ARTS, AND ATHLETICS PROGRAMS ALLOW STUDENTS THE OPPORTUNITY TO EXCEL AMONGST PEERS IN THE CONTEXT OF A SUPERB EDUCATIONAL ENVIRONMENT, BOTH WITHIN AND BEYOND SCHOOL. WHILE WE WANT TO SHOW MEASURABLE DEVELOPMENT FOR EACH STUDENT, WE ALSO WANT STUDENTS TO HAVE RICH AND MEANINGFUL EXPERIENCES WITHIN AN INTERDEPENDENT COMMUNITY THAT WILL SHARPEN THEIR APTITUDE AS RESPONSIBLE CITIZENS. ULTIMATELY, WE WANT A LAWRENCE ACADEMY EDUCATION TO TRANSFORM BOTH THE INDIVIDUAL AND SOCIETY. THERE WERE 415 STUDENTS ENROLLED DURING THE 2024/2025 SCHOOL YEAR. 27657005 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 160 0 1 208 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 0 0 MA X ROBERT M KRAMER 9784486535 26 POWDERHOUSE ROAD GROTON MA 01450 R DANIEL SCHEIBE HEAD OF SCHOOL 60.00 X 556742 0 102591 ROBERT M KRAMER ASST HEAD OF SCHOOL FOR FIN. & OPS 60.00 X 232804 0 39993 BETH CRUTCHER DIRECTOR OF ADVANCEMENT 60.00 X 207449 0 41459 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL LIFE 60.00 X 205908 0 41473 MELINDA RABOIN DIRECTOR OF HEALTH SERVICE 60.00 X 200918 0 25678 RAQUEL MAJESKI ASSOCIATE HEAD OF SCHOOL 60.00 X 173017 0 65831 SEAN SHEEHAN DIRECTOR OF COLLEGE COUNSELING 60.00 X 138632 0 62062 MICHAEL POLSONETTI DEAN OF ADMISSIONS & ENROLLMENT 60.00 X 137945 0 63017 ANDREW J HEALY DEAN OF STUDENTS, SPANISH TEACHER 60.00 X 133942 0 61480 KANA NORIMOTO TRUSTEE/SECRETARY 5.00 X X 0 0 0 PHYLLIS ROTHSCHILD TRUSTEE/VICE PRESIDENT 5.00 X X 0 0 0 DAVID STONE TRUSTEE/TREASURER 5.00 X X 0 0 0 KAREN MITCHELL BRANDVOLD TRUSTEE/PRESIDENT 5.00 X X 0 0 0 DOUGLAS LONG TRUSTEE 2.00 X 0 0 0 PETER MYETTE TRUSTEE 2.00 X 0 0 0 PAMELA AMUSA TRUSTEE 2.00 X 0 0 0 RICHARD TYSON TRUSTEE 2.00 X 0 0 0 BRADFORD HOBBS TRUSTEE 2.00 X 0 0 0 BRUCE MACNEIL TRUSTEE 2.00 X 0 0 0 KIYOHIKO HIROSE TRUSTEE 2.00 X 0 0 0 EDWARD STEINBORN TRUSTEE 2.00 X 0 0 0 ROBERT ACHTMEYER TRUSTEE 2.00 X 0 0 0 G RANDALL CHAMBERLAIN TRUSTEE 2.00 X 0 0 0 MICHAEL MCLAUGHLIN TRUSTEE 2.00 X 0 0 0 DEVIN O'REILLY TRUSTEE 2.00 X 0 0 0 TAYLOR SELE TRUSTEE 2.00 X 0 0 0 MELISSA BOIS TRUSTEE 2.00 X 0 0 0 COURTNEY COX HARRISON TRUSTEE 2.00 X 0 0 0 DAVID MAZZA TRUSTEE 2.00 X 0 0 0 KATHERINE BEEDE TRUSTEE 2.00 X 0 0 0 CYRUS DAFTARY TRUSTEE 2.00 X 0 0 0 HISE GIBSON TRUSTEE 2.00 X 0 0 0 ROBIN JONES TRUSTEE 2.00 X 0 0 0 BRIT DEWEY TRUSTEE 2.00 X 0 0 0 GREG LAUZE TRUSTEE 2.00 X 0 0 0 CATIE MCMENAMIN TRUSTEE 2.00 X 0 0 0 JASON SAGHIR TRUSTEE 2.00 X 0 0 0 CHRIS DAVEY TRUSTEE 2.00 X 0 0 0 PETER DEFEO TRUSTEE 2.00 X 0 0 0 JESSICA KNAPP TRUSTEE 2.00 X 0 0 0 CHUCK O'BOYLE TRUSTEE 2.00 X 0 0 0 1987357 0 503584 79 0 1 0 FLIK INTERNATIONAL CORPORATION PO BOX 417632 BOSTON MA 02241 DINING HALL SERVICE 2097553 X-PRO CLEANING INC 20 HILLTOP ROAD DRACUT MA 01826 CLEANING SERVICES 770479 FLANSBURGH ASSOCIATES INC 77 N WASHINGTON STREET BOSTON MA 02114 ARCHITECTURE SERVICES 502506 JAMES D JANUSKIEWICZ 5 GROTON SCHOOL ROAD AYER MA 01432 PAINTING CONTRACTOR 314685 YANKEE LINE INC 40 STATION AVENUE GROTON MA 01450 BUS SERVICES 186500 11 59411 5691858 141005 5751269 ACADEMIC YEAR TUITION 611110 28077677 28077677 ACADEMIC SUPPORT PROGRAM 611110 478125 478125 28555802 2654000 2654000 32986 46095 -13109 -13109 -13109 70513331 14000 69797433 0 715898 14000 729898 729898 63775 59411 126471 -62696 -62696 MISCELLANEOUS REVENUE 611110 138244 138244 138244 37753408 28694046 0 3308093 88500 88500 5807157 5807157 1438445 670650 603514 164281 11242647 8938209 1272897 1031541 832290 669547 78323 84420 1522641 1178557 221074 123010 918553 742474 92627 83452 51470 51470 60960 60960 167443 167443 287472 174516 112956 251761 89146 138549 24066 969035 189651 348573 430811 173772 167690 4344 1738 3738203 3607366 93455 37382 119678 49726 23683 46269 175613 175613 2036026 1964766 50900 20360 342282 342282 FOOD SERVICES 2067271 1569574 291064 206633 ATHLETIC EXPENSES 671638 671638 ACADEMIC DEPT. EXPENSES 556826 556826 STUDENT SUPP. EXPENSES 526224 519915 4506 1803 12580 12580 34058487 27657005 4032760 2368722 1098577 1760758 1156083 356143 4553870 3565094 28475 25801 710078 689461 66427652 37358122 27914421 29069530 53852348 61171687 4980563 4293766 484352 521689 94778767 101453929 2244082 3422869 6961622 7211714 5272149 5115580 14477853 15750163 X 34349831 34738599 45951083 50965167 80300914 85703766 94778767 101453929 X 3694921 1678401 29530 X 0 1 X 1 0 X 3286510 4751935 6894662 7423078 5751269 28107454 3286510 4751935 6894662 7423078 5751269 28107454 3879059 24228395 975011 1445316 1233507 1681140 2686986 8021960 2389580 578700 184882 130537 138244 3421943 39551357 131933187 0.61260 0.58650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 2,389,580. 2021 AMOUNT: $ 578,700. 2022 AMOUNT: $ 184,882. 2023 AMOUNT: $ 130,537. 2024 AMOUNT: $ 138,244. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41296815 291610 3758490 407943 1348922 43590050 38086473 144495 4666175 361259 1239069 41296815 34977781 1143233 3496265 297324 1233482 38086473 40315179 1578985 -5671383 318575 926425 34977781 28975139 1490158 10998277 256586 891809 40315179 0.31214 0.68786 0 0 3463442 3463442 53533328 33058141 20475187 5064216 4299981 764235 4366666 4366666 29069530 X 33218422 1678401 75625 1754026 31464396 167443 6121569 6289012 37753408 27815570 46095 46095 27769475 167443 6121569 6289012 34058487 PART V, LINE 4: THE ENDOWMENT FUNDS ARE PERMANENT FUNDS WITH INCOME ONLY TO BE USED FOR EITHER UNRESTRICTED OR DONOR RESTRICTED PURPOSES. IN ADDITION TO UNRESTRICTED USE, FUNDS DESIGNATED AS RESTRICTED FUNDS SUPPORT VARIOUS PURPOSES AS FOLLOWS: FINANCIAL AID, SALARIES AND BENEFITS, ACADEMICS, COMMUNITY SERVICE, PHYSICAL PLANT, PRIZES, PROFESSIONAL DEVELOPMENT, SABBATICAL PROGRAMS, SPEAKERS/VISITING SCHOLAR AND STUDENT LIFE/STUDENT LEADERSHIP. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ACADEMY ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 46,095. CHANGE IN VALUE OF SPLIT INTEREST -7,807. CHANGE IN VALUE OF PERPETUAL TRUSTS 37,337. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,807,157. CAPITAL CAMPAIGN EXPENSES 314,412. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 46,095. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 5,807,157. CAPITAL CAMPAIGN EXPENSES 314,412. 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 NONDISCRIMINATION POLICY IS ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 FOREIGN INVESTMENTS 398107 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 FOREIGN INVESTMENTS 980625 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 STUDY ABROAD TRIPS PROGRAM SERVICES 143297 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 ADMISSIONS RECRUITING PROGRAM SERVICES 6653 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 STUDY ABROAD TRIPS PROGRAM SERVICES 152741 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FUNDRAISING 15182 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 ADMISSIONS RECRUITING PROGRAM SERVICES 18940 0 0 0 0 0 0 1715545 0 1715545 1 0 0 0 0 0 SPARTAN GOLF CLASSIC EVENT 105866 57791 48075 6247 58120 6194 SPRING SOCIAL 7220 1620 5600 1620 5812 954 1 10100 10100 9393 31357 6774 123186 59411 63775 7867 67513 37169 13922 126471 -62696 1 TOWN OF GROTON 173 MAIN STREET GROTON MA 01450 046001164 501(C)(3) 82500 0 CONTRIBUTION MADE TO THE TOWN TO HELP SUBSIDIZE THEIR ANNUAL OPERATING BUDGET. 1 FINANCIAL AID FOR STUDENT 113 5807157 PART I, LINE 2: ALL FINANCIAL AID AWARDS ARE MADE BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY THE SCHOOL AND SCHOLARSHIP SERVICE (SSS) BY NAIS. AWARDS ARE DETERMINED BY THE DIRECTOR OF FINANCIAL AID. ALL AWARDS ARE ISSUED AS REDUCTIONS IN TUITION BEING BILLED. APPROVED LIST OF AWARDS IS PROVIDED TO THE BUSINESS OFFICE AND ARE POSTED TO THE SPECIFIC STUDENT'S ACCOUNT ACCORDING TO THE TUITION PAYMENT PLAN THE FAMILY HAS SELECTED. LISTS AND POSTINGS ARE CROSS-CHECKED IN BUSINESS OFFICE TO ENSURE ACCURACY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 R DANIEL SCHEIBE HEAD OF SCHOOL 556742 0 0 0 0 0 27600 0 74991 0 659333 0 0 0 ROBERT M KRAMER ASST HEAD OF SCHOOL FOR FIN. & OPS 232804 0 0 0 0 0 18624 0 21369 0 272797 0 0 0 BETH CRUTCHER DIRECTOR OF ADVANCEMENT 207449 0 0 0 0 0 16596 0 24863 0 248908 0 0 0 ELIZABETH MARGRAF ASSISTANT HEAD OF SCHOOL LIFE 205908 0 0 0 0 0 16473 0 25000 0 247381 0 0 0 MELINDA RABOIN DIRECTOR OF HEALTH SERVICE 200918 0 0 0 0 0 15873 0 9805 0 226596 0 0 0 RAQUEL MAJESKI ASSOCIATE HEAD OF SCHOOL 173017 0 0 0 0 0 13840 0 51991 0 238848 0 0 0 SEAN SHEEHAN DIRECTOR OF COLLEGE COUNSELING 138632 0 0 0 0 0 10071 0 51991 0 200694 0 0 0 MICHAEL POLSONETTI DEAN OF ADMISSIONS & ENROLLMENT 137945 0 0 0 0 0 11026 0 51991 0 200962 0 0 0 ANDREW J HEALY DEAN OF STUDENTS, SPANISH TEACHER 133942 0 0 0 0 0 9489 0 51991 0 195422 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF LAWRENCE ACADEMY, HOUSING IS PROVIDED TO ROBERT SCHEIBE, HEAD OF SCHOOL, RAQUEL MAJESKI, ASSOCIATE HEAD OF SCHOOL, ELIZABETH C MARGRAF, ASSISTANT HEAD OF SCHOOL LIFE, MICHAEL POLSONETTI, DEAN OF ADMISSIONS AND ENROLLMENT, SEAN SHEEHAN, DIRECTOR OF COLLEGE COUNSELING AND ANDREW J HEALY, DEAN OF STUDENTS AND SPANISH TEACHER. LAWRENCE ACADEMY BELIEVES THE HOUSING IS NOT TAXABLE. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2022-05-12 5684383 REFINANCE OF 2012 BONDS USED TO FUND VARIOUS FACILITIES EXPANSIONS 0 0 0 A 460174 5684383 5684383 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 10 123277 FMV AT DONATION X AUCTION ITEMS 31 28436 FMV AT DONATION 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO GAVE DONATIONS FOR SECURITIES PUBLICLY TRADED. THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS DONATED FOR THE AUCTION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL BE PROVIDED WITH AN ELECTRONIC VERSION OF THE FORM 990 AND SUPPORTING SCHEDULES PRIOR TO SUBMISSION WITH THE EXCEPTION OF A REDACTED VERSION OF SCHEDULE B, WHICH DOES NOT INCLUDE THE NAMES AND ADDRESSES OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE MUST SIGN AN ANNUAL CONFLICT OF INTEREST FORM. IF A MEMBER OF THE BOARD OF TRUSTEES HAS AN INTEREST IN A PROPOSED TRANSACTION, HE OR SHE MUST DISCLOSE THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE CONSIDERING THE PROPOSED BUSINESS TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT HAS BEEN MADE, THE INTERESTED PERSON MUST LEAVE THE MEETING WHILE THE CONFLICT IS DISCUSSED AND VOTED ON. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO WILL INFORM THE BOARD OF ITS REVIEW. THE COMMITTEE LOOKS AT COMPARABLE DATA FROM A GROUP OF SCHOOLS. DATA IS TAKEN FROM THE NAIS EXECUTIVE COMPENSATION DATA PROVIDED BY NAIS MEMBER SCHOOLS. LEGAL COUNSEL IS CONTACTED WHEN THERE ARE PROPOSED CHANGES TO THE EXISTING TERMS OF THE CONTRACT. THE MEETINGS ARE DOCUMENTED AND A NEW CONTRACT IS PREPARED FOR THE HEAD OF SCHOOL. THE COMPENSATION COMMITTEE MET SEVERAL TIMES DURING FY23 AND FY24 TO REVIEW, NEGOTIATE AND AMEND THE 2019 CONTRACT FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL SIGNED A NEW CONTRACT ON AUGUST 15, 2023 THAT COVERS THE PERIOD FROM JULY 1, 2020 UP TO AND INCLUDING JUNE 30, 2028. THE HEAD OF SCHOOL IS RESPONSIBLE FOR SETTING THE SALARIES OF ALL OTHER EMPLOYEES. THIS PROCESS WAS COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 ALL FORMS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION WILL BE MADE AVAILABLE UPON WRITTEN REQUEST OR CAN BE VIEWED AT THE SCHOOL'S CORPORATE ADDRESS IN GROTON, MASSACHUSETTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -7,807. CHANGE IN VALUE OF PERPETUAL TRUSTS 37,337.