2026-04-01T13:05:33-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 COLLEEN RAMSDEN HEAD OF SCHOOL 7817490746 2026-03-30 1 0 LUKE BURNETT P01079018 9786202000 2026-03-30 2024 2025-03-06 01:10:19Z COLLEEN RAMSDEN 56 BURDITT AVENUE HINGHAM MA 02043 18930629 0 X WWW.DERBYACADEMY.ORG X 1784 MA DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 18 18 192 150 0 0 1938323 1626939 14766474 15230197 753839 1112052 44300 183499 17502936 18152687 889539 1107388 0 0 11295196 11908840 0 0 612306 4277958 4739330 16462693 17755558 1040243 397129 43678900 33562192 16493880 5118796 27185020 28443396 DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 0 0 13464746 916784 14554386 INSTRUCTION AND STUDENT ACTIVITIES FOR APPROXIMATELY 350 STUDENTS IN PRE-KINDERGARDEN THROUGH GRADE 8. ACHIEVEMENTS INCLUDING ACADEMIC ADVANCEMENT TO THE NEXT GRADE LEVEL FOR ALL STUDENTS, SOCIAL DEVELOPMENT THROUGH CLASSROOM ACTIVITIES, TEAM SPORTS, PERFORMING ARTS, FAMILY STYLE LUNCHES, AND DEVELOPMENT OF THE INTELLECTIAL CURIOSITY OF EACH STUDENT USING HIS OR HER LEARNING STYLE TO GUIDE THE PROCESS. 596027 190604 693060 SUMMER PROGRAMS FOR ARTS, EDUCATION, AND ACTIVITIES SERVING APPROXIMATELY 339 STUDENTS. ACHIEVEMENTS INCLUDE DEVELOPMENT OF STUDENT ABILTIIES IN PERFORMING ARTS, CREATIVE CRAFT, ATHLETICS, SCIENTIFIC EXPLORATION, AND OUTDOOR ACTIVITIES. 14060773 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 33 0 1 192 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 0 0 MA X REBECCA RICHMOND 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 COLLEEN RAMSDEN HEAD OF SCHOOL 45.00 X 331500 0 96156 ANTHONY BLACK CHIEF FINANCIAL OFFICER 45.00 X 216827 0 37782 KRISTIN DONELAN DIRECTOR OF ADVANCEMENT 45.00 X 172565 0 14331 MARY MURPHY HEAD OF PRIMARY AND LOWER SCHOOL 45.00 X 167510 0 33972 TRACEY BOUCHER DIRECTOR OF COMMUNICATIONS 45.00 X 126368 0 28051 PAUL DALY ATHLETIC DIRECTOR 45.00 X 119557 0 25526 NICOLE CARNES DIRECTOR OF ADMISSIONS 45.00 X 114250 0 28439 JEFFREY CAMUSO TRUSTEE/PRESIDENT 5.00 X X 0 0 0 JOHN HELLER TRUSTEE/SECRETARY 5.00 X X 0 0 0 ANDY MCELANEY TRUSTEE/TREASURER 5.00 X X 0 0 0 JOHN DREW TRUSTEE 5.00 X 0 0 0 DEMI ISENSTADT TRUSTEE 5.00 X 0 0 0 HUNTER KASS TRUSTEE 5.00 X 0 0 0 CHARLIE DAVIES TRUSTEE 5.00 X 0 0 0 EMILIE LIEBHOFF TRUSTEE 5.00 X 0 0 0 KEVIN GILL TRUSTEE 5.00 X 0 0 0 JEFF HAYWOOD TRUSTEE 5.00 X 0 0 0 KRISTY KENNEDY TRUSTEE 5.00 X 0 0 0 DAN RIVERA TRUSTEE 5.00 X 0 0 0 TREVOR BYRNE TRUSTEE AS OF 08/2024 5.00 X 0 0 0 SARA CLANCY TRUSTEE AS OF 08/2024 5.00 X 0 0 0 LOU DEFRANCO TRUSTEE AS OF 08/2024 5.00 X 0 0 0 LAUREN FRAZIER TRUSTEE AS OF 08/2024 5.00 X 0 0 0 CHRIS LAWRENCE TRUSTEE AS OF 08/2024 5.00 X 0 0 0 LUCINDA VANDERWEIL TRUSTEE AS OF 08/2024 5.00 X 0 0 0 1248577 0 264257 22 0 1 0 0 136775 1490164 1626939 TUITION AND FEES 611110 15070874 15070874 STUDENT SUPPORT SERVICES 611110 159323 159323 15230197 618487 618487 98911 0 98911 98911 98911 1140721 4000 651156 0 489565 4000 493565 493565 194125 136775 126786 67339 67339 PARENTS ASSOCIATION INCOME 611110 16416 16416 MISCELLANEOUS REVENUE 611110 833 833 17249 18152687 15247446 0 1278302 1107388 1107388 643707 38981 487782 116944 7997635 6870852 914914 211869 484072 386591 91422 6059 2102104 1685910 395276 20918 681322 506856 149925 24541 65822 65822 49795 49795 55274 55274 390310 69560 179931 140819 101621 77252 10366 14003 456542 388801 52620 15121 993374 973507 19867 138823 11724 110206 16893 83385 6910 76475 740291 665653 68476 6162 140849 125356 15493 FOOD 700806 679782 14016 7008 DUES AND SUBSCRIPTIONS 254682 73795 176051 4836 PROFESSIONAL DEVELOPMEN 191322 122360 67099 1863 TRANSPORTATION 191132 191132 185302 78363 81669 25270 17755558 14060773 3082479 612306 2895019 2575069 76127 212100 11505485 340636 44040 11086 127276 222364 26986380 13085096 13823133 13901284 15207820 15723048 576605 43678900 33562192 846333 816027 12956891 1783538 2690656 2519231 16493880 5118796 X 18975877 19631934 8209143 8811462 27185020 28443396 43678900 33562192 397129 861247 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14949324 268950 1779465 36264 659456 16302019 13473432 261400 1774492 38418 521582 14949324 12671173 70157 1231002 32340 466560 13473432 15226049 185134 -2553877 23600 162533 12671173 11694190 169989 3761870 45527 354473 15226049 0.46289 0.53711 0.00000 0 0 1058089 1058089 20838313 10077039 10761274 3301917 2060975 1240942 1788061 947082 840979 13901284 17781570 861247 -1177090 -315843 18097413 55274 55274 18152687 16523194 -1051627 -1051627 17574821 55274 125463 180737 17755558 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, INCLUDING FACILITY COSTS AND FINANCIAL AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 55,761. FINANCIAL AID -1,107,388. CAPITAL CAMPAIGN EXPENSES -125,463. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 55,761. FINANCIAL AID -1,107,388. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN EXPENSES 125,463. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN ALL BROCHURES, HANDBOOK AND PUBLICATIONS USED BY THE SCHOOL, THE STATEMENT IS INCLUDED. ALSO, AN ANNUAL STATEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER SPONSORED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. GOLF AND TENNIS TOURNAMENT 330900 136775 194125 71025 300 11132 1500 42829 330900 136775 194125 71025 300 11132 1500 42829 126786 67339 1 FINANCIAL AID FOR ATTENDING STUDENTS 37 916784 SUMMER ARTS TUITION ASSISTANCE 61 190604 PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE NAIS GUIDELINES AND ARE SET BY THE HEAD OF SCHOOL, CFO AND HEAD OF ADMISSIONS. THE FINANCIAL AID BUDGET IS THEN FORMALLY SET BY THE FINANCE COMMITTEE WITH APPROVAL BY THE BOARD ON A YEARLY BASIS. X 1 1 X X 0 1 0 0 0 0 0 0 0 COLLEEN RAMSDEN HEAD OF SCHOOL 331500 0 0 0 0 0 16575 0 79581 0 427656 0 0 0 ANTHONY BLACK CHIEF FINANCIAL OFFICER 216827 0 0 0 0 0 16951 0 20831 0 254609 0 0 0 KRISTIN DONELAN DIRECTOR OF ADVANCEMENT 172565 0 0 0 0 0 13805 0 526 0 186896 0 0 0 MARY MURPHY HEAD OF PRIMARY AND LOWER SCHOOL 167510 0 0 0 0 0 13292 0 20680 0 201482 0 0 0 TRACEY BOUCHER DIRECTOR OF COMMUNICATIONS 126368 0 0 0 0 0 7502 0 20549 0 154419 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE. PART I, LINE 4B COLLEEN RAMSDEN PARTICIPATES IN A 457F PLAN. THERE WAS NO PAYMENT MADE IN 2024. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-26 1666025 TO PAY OFF PRIOR ISSUANCE FROM 2006 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-04-27 4750000 ACQUISITION OF PROPERTY 0 0 0 A 1480761 1666025 1666025 2007 1 0 1 1 B 2346601 4750000 100948 4649052 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD HAS AN EXECUTIVE COMMITTEE THAT CONSISTS OF THE OFFICERS OF THE BOARD AND THE CHAIRPERSONS OF THE STANDING COMMITTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE NOMINATED BY THE PRESIDENT AND ELECTED BY THE BOARD. THE COMMITTEE AND ITS MEMBERS SHALL SERVE AT THE PLEASURE OF THE BOARD. THE PRESIDENT OF THE BOARD SHALL BE CHAIRPERSON OF THE EXECUTIVE COMMITTEE UNLESS THE BOARD SHOULD DETERMINE OTHERWISE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS THAT MAY BE DELEGATED TO IT BY THE BOARD, AND IT SHALL REPORT BACK TO THE BOARD REGARDING ALL ACTIONS TAKEN ON THE BOARD'S BEHALF. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM, IT IS REVIEWED BY THE CHAIR (TREASURER) OF THE FINANCE COMMITTEE. THE BOARD DOES NOT RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EACH NEW TRUSTEE BEFORE HE OR SHE IS ELECTED. ON AN ANNUAL BASIS, EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY THE POLICY. AT SUCH TIME AS ANY MATTER COMES BEFORE THE BOARD IN SUCH A WAY AS TO GIVE RISE TO A CONFLICT OF INTEREST, THE AFFECTED TRUSTEE SHALL MAKE KNOWN THE POTENTIAL CONFLICT, WHETHER DISCLOSED BY HIS OR HER WRITTEN STATEMENT OR NOT. AFTER ANSWERING ANY POTENTIAL QUESTIONS THAT MIGHT BE ASKED OF HIM OR HER, SHALL WITHDRAW FROM THE BOARD MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION. IN ADDITION, OTHER TRUSTEES WHO THEMSELVES HAVE HAD PECUNIARY BENEFIT FROM TRANSACTIONS WITH THE ACADEMY WITHIN THE SAME FISCAL YEAR, SHALL ALSO NOT BE PRESENT AND NOT PARTICIPATE IN THE DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, NEITHER THE AFFECTED TRUSTEE NOR ANY OTHER TRUSTEE WITH A PECUNIARY BENEFIT TRANSACTION WITH THE ACADEMY IN THE SAME FISCAL YEAR SHALL VOTE ON IT. WHETHER A CONFLICT OF INTEREST EXISTS IS DETERMINED BY MAJORITY VOTE OF THE DISINTERESTED TRUSTEES. (A) IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD SHALL THEN DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ACADEMY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION OR ARRANGEMENT IS FAIR AND REASONABLE TO THE ACADEMY. THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. (B) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD MEETING. AFTER SUCH PRESENTATION, HOWEVER, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT POTENTIALLY RESULTS IN THE CONFLICT OF INTEREST. (C) THE PRESIDENT OF THE BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (D) AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE ACADEMY CAN OBTAIN, WITH REASONABLE EFFORT, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (E) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS IN THE ACADEMY'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ACADEMY, AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A SUBCOMMITTEE OF THE BOARD AND DOCUMENTED IN HER EVALUATION. THIS PROCESS WAS LAST FOLLOWED IN 2023. THE HEAD OF SCHOOL'S COMPENSATION IS ALSO DOCUMENTED IN AN EMPLOYMENT CONTRACT. THE CFO'S COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL THROUGH AN ANNUAL EMPLOYEE EVALUATION WITH A COMPARISON TO PEER SCHOOLS, MARKET CONDITIONS, AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.