TY 2016 Form 990 Schedule O

efile Public Visual Render ObjectId: 201831939349300618 - Submission: 2018-07-12 TIN: 04-2428713

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2016

Open to Public
Inspection

Name of the organization

FAYERWEATHER STREET SCHOOL INC

Employer identification number

04-2428713

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE AND OPERATIONS FOR COMPLETENESS AND ACCURACY BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICTS OF INTEREST FORMS ARE COMPLETED ANNUALLY BY BOARD MEMBERS. THESE FORMS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION OF THE HEAD OF THE SCHOOL IS DELIBERATED BY A COMPENSATION COMMITTEE COMPOSED OF MEMBERS OF THE BOARD. THE COMMITTEE RECEIVES DATA FROM BENCHMARK SCHOOL COMPARISONS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE). COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED THROUGH COMPARISON WITH BENCHMARK REPORTING FROM NAIS AND AISNE.
FORM 990, PART VI, SECTION C, LINE 18	THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE TAX FILINGS ARE ALSO AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION FOR PUBLIC CHARITIES WEBSITE AND AT THE SCHOOL.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE TAX FILINGS ARE ALSO AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION FOR PUBLIC CHARITIES WEBSITE AND AT THE SCHOOL.
PART X COLUMN A BEGINNING OF THE YEAR BALANCE SHEET BALANCES	DURING THE YEAR ENDED AUGUST 31, 2017 THE SCHOOL RECORDED PRIOR PERIOD ADJUSTMENTS AND RECLASS ENTRIES WHICH CHANGED THE FOLLOWING BEGINNING OF THE YEAR BALANCES SHOWN IN COLUMN A: LINE 1 - CASH - NON INTEREST BEARING - BEGINNING OF THE YEAR BALANCE PER 990 $2,964,569 RECLASS TO LINE 2 $(1,174,732), RECLASS TO LINE 11 $(367,033), RECLASS FROM LINE 9 $45,329 = ADJUSTED BEGINNING OF THE YEAR BALANCE $1,468,133. LINE 2 - SAVINGS AND TEMPORARY CASH INVESTMENTS - BEGINNING OF THE YEAR BALANCE PER 990 $-0- RECLASS FROM LINE 1 $1,174,732 = ADJUSTED BEGINNING OF THE YEAR BALANCE $1,174,732. LINE 3 - PLEDGES AND GRANTS - BEGINNING OF THE YEAR BALANCE $84,500 PER 990 PRIOR PERIOD ADJUSTMENT $(39,050) = ADJUSTED BEGINNING OF THE YEAR BALANCE $45,450. LINE 4 - ACCOUNTS RECEIVABLE - BEGINNING OF THE YEAR BALANCE $67,003 PER 990 PRIOR PERIOD ADJUSTMENT $(7,500) RECLASS TO LINE 19 $(11,184) = ADJUSTED BEGINNING OF THE YEAR BALANCE $48,319. LINE 9 - PREPAID EXPENSES AND DEFERRED CHARGES - BEGINNING OF THE YEAR BALANCE $154,441 PER 990 PRIOR PERIOD ADJUSTMENT $(27,420) RECLASS TO LINE 1 $(45,329) RECLASS TO LINE 15 $(2,940) = ADJUSTED BEGINNING OF THE YEAR BALANCE $78,752. LINE 10 - LAND, BUILDINGS & EQUIPMENT NET - BEGINNING OF THE YEAR BALANCE $5,258,604 PER 990 PRIOR PERIOD ADJUSTMENT $(6,901) = ADJUSTED BEGINNING OF THE YEAR BALANCE $5,251,703. LINE 11 - INVESTMENTS - PUBLICLY TRADED SECURITIES - BEGINNING OF THE YEAR BALANCE $805 PER 990 PRIOR PERIOD ADJUSTMENTS $228,156, RECLASS FROM LINE 1 $367,033 = ADJUSTED BEGINNING OF THE YEAR BALANCE $595,994. LINE 12 - INVESTMENTS - OTHER SECURITIES - BEGINNING OF THE YEAR BALANCE $158,837 PER 990 PRIOR PERIOD ADJUSTMENT $(112,969) = ADJUSTED BEGINNING OF THE YEAR BALANCE $45,868. LINE 15 - OTHER ASSETS - BEGINNING OF THE YEAR BALANCE $-0- PER 990 RECLASS FROM LINE 9 $2,940 = ADJUSTED BEGINNING OF THE YEAR BALANCE $2,940. LINE 17 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES - BEGINNING OF THE YEAR BALANCE $52,795 PER 990 PRIOR PERIOD ADJUSTMENT $72,661 = ADJUSTED BEGINNING OF THE YEAR BALANCE $125,456. LINE 19 - DEFERRED REVENUE - BEGINNING OF THE YEAR BALANCE $2,051,095 RECLASS FROM LINE 4 $(11,184), ROUNDING $1, = ADJUSTED BEGINNING OF THE YEAR BALANCE $2,039,912. LINE 27 - UNRESTRICTED NET ASSETS - BEGINNING OF THE YEAR BALANCE $4,675,105 EFFECT OF PRIOR PERIOD ADJUSTMENTS AND RECLASSES $(227,453) = ADJUSTED BEGINNING OF THE YEAR BALANCE $4,447,652. LINE 28 - TEMPORARILY RESTRICTED NET ASSETS - BEGINNING OF THE YEAR BALANCE $284,410 EFFECT OF PRIOR PERIOD ADJUSTMENTS AND RECLASSES $189,047 = ADJUSTED BEGINNING OF THE YEAR BALANCE $473,457.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE AND OPERATIONS FOR COMPLETENESS AND ACCURACY BEFORE IT IS FILED.

FORM 990, PART VI, SECTION B, LINE 12C

CONFLICTS OF INTEREST FORMS ARE COMPLETED ANNUALLY BY BOARD MEMBERS. THESE FORMS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD.

FORM 990, PART VI, SECTION B, LINE 15

COMPENSATION OF THE HEAD OF THE SCHOOL IS DELIBERATED BY A COMPENSATION COMMITTEE COMPOSED OF MEMBERS OF THE BOARD. THE COMMITTEE RECEIVES DATA FROM BENCHMARK SCHOOL COMPARISONS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND (AISNE). COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED THROUGH COMPARISON WITH BENCHMARK REPORTING FROM NAIS AND AISNE.

FORM 990, PART VI, SECTION C, LINE 18

THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE TAX FILINGS ARE ALSO AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION FOR PUBLIC CHARITIES WEBSITE AND AT THE SCHOOL.

FORM 990, PART VI, SECTION C, LINE 19

PART X COLUMN A BEGINNING OF THE YEAR BALANCE SHEET BALANCES

DURING THE YEAR ENDED AUGUST 31, 2017 THE SCHOOL RECORDED PRIOR PERIOD ADJUSTMENTS AND RECLASS ENTRIES WHICH CHANGED THE FOLLOWING BEGINNING OF THE YEAR BALANCES SHOWN IN COLUMN A: LINE 1 - CASH - NON INTEREST BEARING - BEGINNING OF THE YEAR BALANCE PER 990 $2,964,569 RECLASS TO LINE 2 $(1,174,732), RECLASS TO LINE 11 $(367,033), RECLASS FROM LINE 9 $45,329 = ADJUSTED BEGINNING OF THE YEAR BALANCE $1,468,133. LINE 2 - SAVINGS AND TEMPORARY CASH INVESTMENTS - BEGINNING OF THE YEAR BALANCE PER 990 $-0- RECLASS FROM LINE 1 $1,174,732 = ADJUSTED BEGINNING OF THE YEAR BALANCE $1,174,732. LINE 3 - PLEDGES AND GRANTS - BEGINNING OF THE YEAR BALANCE $84,500 PER 990 PRIOR PERIOD ADJUSTMENT $(39,050) = ADJUSTED BEGINNING OF THE YEAR BALANCE $45,450. LINE 4 - ACCOUNTS RECEIVABLE - BEGINNING OF THE YEAR BALANCE $67,003 PER 990 PRIOR PERIOD ADJUSTMENT $(7,500) RECLASS TO LINE 19 $(11,184) = ADJUSTED BEGINNING OF THE YEAR BALANCE $48,319. LINE 9 - PREPAID EXPENSES AND DEFERRED CHARGES - BEGINNING OF THE YEAR BALANCE $154,441 PER 990 PRIOR PERIOD ADJUSTMENT $(27,420) RECLASS TO LINE 1 $(45,329) RECLASS TO LINE 15 $(2,940) = ADJUSTED BEGINNING OF THE YEAR BALANCE $78,752. LINE 10 - LAND, BUILDINGS & EQUIPMENT NET - BEGINNING OF THE YEAR BALANCE $5,258,604 PER 990 PRIOR PERIOD ADJUSTMENT $(6,901) = ADJUSTED BEGINNING OF THE YEAR BALANCE $5,251,703. LINE 11 - INVESTMENTS - PUBLICLY TRADED SECURITIES - BEGINNING OF THE YEAR BALANCE $805 PER 990 PRIOR PERIOD ADJUSTMENTS $228,156, RECLASS FROM LINE 1 $367,033 = ADJUSTED BEGINNING OF THE YEAR BALANCE $595,994. LINE 12 - INVESTMENTS - OTHER SECURITIES - BEGINNING OF THE YEAR BALANCE $158,837 PER 990 PRIOR PERIOD ADJUSTMENT $(112,969) = ADJUSTED BEGINNING OF THE YEAR BALANCE $45,868. LINE 15 - OTHER ASSETS - BEGINNING OF THE YEAR BALANCE $-0- PER 990 RECLASS FROM LINE 9 $2,940 = ADJUSTED BEGINNING OF THE YEAR BALANCE $2,940. LINE 17 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES - BEGINNING OF THE YEAR BALANCE $52,795 PER 990 PRIOR PERIOD ADJUSTMENT $72,661 = ADJUSTED BEGINNING OF THE YEAR BALANCE $125,456. LINE 19 - DEFERRED REVENUE - BEGINNING OF THE YEAR BALANCE $2,051,095 RECLASS FROM LINE 4 $(11,184), ROUNDING $1, = ADJUSTED BEGINNING OF THE YEAR BALANCE $2,039,912. LINE 27 - UNRESTRICTED NET ASSETS - BEGINNING OF THE YEAR BALANCE $4,675,105 EFFECT OF PRIOR PERIOD ADJUSTMENTS AND RECLASSES $(227,453) = ADJUSTED BEGINNING OF THE YEAR BALANCE $4,447,652. LINE 28 - TEMPORARILY RESTRICTED NET ASSETS - BEGINNING OF THE YEAR BALANCE $284,410 EFFECT OF PRIOR PERIOD ADJUSTMENTS AND RECLASSES $189,047 = ADJUSTED BEGINNING OF THE YEAR BALANCE $473,457.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2016

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