Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Return Reference | Explanation |
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| SCHEDULE E, PART I, LINE 3 | THE SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL COMMUNICATIONS. SPECIFICALLY, IT WAS ADVERTISED IN THE BOSTON GLOBE NEWSPAPER AS PART OF THE ASSOCIATION FOR INDEPENDENT SCHOOLS IN NEW ENGLAND PUBLIC NOTICE OF NON-DISCRIMINATION. |
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| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | THE COMMITTEE ON TRUSTEES MET ON MARCH 4 AND APRIL 8, 2024. THE COMMITTEE PROPOSED THE NEED FOR MODIFICATIONS TO THE BY-LAWS REGARDING: 1) FACULTY REP TERM FROM 1-YEAR TERM, WITH THE POTENTIAL TO SERVE 3 TERMS, TO ONE 2-YEAR TERM; 2) REPLACE ALL REFERENCES IN THE BY-LAWS TO "PARENT ASSOCIATION" TO "COMMUNITY ASSOCIATION" TO REFLECT THE NEW NAME FOR THIS ORGANIZATION RECENTLY VOTED ON BY THE CRS COMMUNITY; AND, 3) REMOVAL OF LANGUAGE THAT THE BOARD TREASURER POST A BOND, IF REQUESTED, FOR THE REASON THAT THIS IS AN OUTDATED REQUIREMENT THAT HAS NOT BEEN UTILIZED BY THE BOARD IN MODERN TIMES. ALL 3 BY-LAW AMENDMENTS, IF APPROVED BY THE BOARD, WILL BE VOTED UPON BY THE CRS COMMUNITY AT THE ANNUAL MEETING. A VOTE TO APPROVE THE REVISIONS BY THE FULL BOARD FOLLOWED AND PASSED WITH 20 VOTES IN FAVOR. |
| FORM 990, PART VI, SECTION A, LINE 6 | ACCORDING TO THE BY LAWS OF THE SCHOOL, MEMBERSHIP IN THE SCHOOL CONSISTS OF THE PARENTS OF THE CHILDREN ENROLLED IN THE SCHOOL, THE BOARD OF TRUSTEES, MEMBERS OF THE EDUCATIONAL STAFF AND PARENT COUNCIL. |
| FORM 990, PART VI, SECTION A, LINE 7A | ACCORDING TO THE BY LAWS, THE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY AND APPROVE AMMENDMENTS TO THE BY LAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A. THE AUDIT AND RISK COMMITTEE WILL CONDUCT A PRELIMINARY REVIEW OF THE DRAFT 990. THE COMMITTEE WILL BE GRANTED THIS AUTHORITY BY THE FULL BOARD AND RECEIVE EXPLICIT TRAINING FROM AN INDEPENDENT PARTY ON HOW TO REVIEW THE 990 TO ENSURE OBJECTIVITY AND ACCURACY IN THE SCHOOL'S REPORTING. B. ONCE ANY EDITS OR CORRECTIONS HAVE BEEN MADE AND REVIEWED BY THE COMMITTEE OR A DESIGNEE ON THE COMMITTEE, THE COMMITTEE WILL THEN RECOMMEND FILING TO THE FULL BOARD. C. THE DRAFT 990 WILL BE INCLUDED IN THE BOARD MATERIALS AS AN APPENDIX ITEM AND ON THE AGENDA FOR BOARD MEMBERS TO ASK ANY QUESTIONS OR CONCERNS. A FULL VOTE WILL THEN BE TAKEN FOR APPROVAL. WITH APPROVAL BY THE FULL BOARD, THE FILING WILL BE MADE BY DECEMBER 31 OR MAY 15 AS NEEDED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL CHARLES RIVER SCHOOL TRUSTEES, OFFICERS, DIRECTORS, AND EMPLOYEES (INCLUDING THOSE NOT INCLUDED IN THE ANNUAL DISCLOSURE PROCESS) ARE SUBJECT TO THE SCHOOL CONFLICT OF INTEREST POLICY AND MUST DISCLOSE ANY TIME WHEN THEY HAVE A FINANCIAL, FAMILY, OR ORGANIZATIONAL CONFLICT. FOR PURPOSES OF THE POLICY STATEMENT AND COMPLIANCE WITH THE STATEMENT, A CONFLICT OF INTEREST EXISTS WHEN DIRECT OR INDIRECT PERSONAL INTERESTS ARE INCONSISTENT WITH OR INTERFERE IN ANY WAY WITH THE BEST INTERESTS OF THE SCHOOL. SUCH CONFLICTS MAY ARISE OUT OF (BUT ARE NOT LIMITED TO): BUSINESS OR FINANCIAL RELATIONSHIPS BETWEEN THE SCHOOL AND A COVERED PARTY OR THEIR IMMEDIATE FAMILY; INVESTMENT RELATIONSHIPS INVOLVING TRUSTEES OR OFFICERS; EMPLOYMENT RELATIONSHIPS BETWEEN THE SCHOOL AND IMMEDIATE FAMILY MEMBERS OF A COVERED PARTY; OR SERVICE TO ANOTHER ORGANIZATION AT THE REQUEST OF THE SCHOOL WHERE THAT ORGANIZATION PROVIDES COMPENSATION. EACH YEAR, THE COMMITTEE ON TRUSTEES OF THE BOARD OF TRUSTEES ASKS ALL BOARD MEMBERS, DIRECTORS, AND OFFICERS TO FILE A DISCLOSURE FORM INDICATING WHETHER THEY HAVE CONFLICT. EACH BOARD MEMBER, DIRECTOR, AND OFFICER WILL SIGN A STATEMENT AFFIRMING THEY: A. HAVE RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAVE READ AND UNDERSTAND THE POLICY C. HAVE AGREED TO COMPLY WITH THE POLICY |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION FOR CHARLES RIVER SCHOOL OFFICERS INCLUDING THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER AS WELL AS KEY EMPLOYEES RELIES ON DATA FROM COMPARATIVE SCHOOLS OF A SIMILAR SIZE, LOCATION, MISSION, STUDENT POPULATION E.G. PRE-KINDERGARTEN THROUGH GRADE 8 AND LABOR MARKET SURVEY DATA AVAILABLE FROM THE ASSOCIATION OF INDEPENDENT SCHOOLS NEW ENGLAND (AISNE). FOR THE HEAD OF SCHOOL, THIS PROCESS WAS DIRECTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE INDEPENDENCE, OBJECTIVITY, AND AVOID CONFLICTS OF INTEREST. THE COMMITTEE ENGAGED AN EXECUTIVE SEARCH FIRM. THE POSITION DESCRIPTION WAS REVISITED AND PROPOSED COMPENSATION ALIGNED CONSIDERING THE FINANCIAL HEALTH OF SCHOOL, CANDIDATE QUALIFICATIONS SUCH AS ACADEMIC PREPARATION AND YEARS OF PROFESSIONAL EXPERIENCE, DEMONSTRATED FIELD LEADERSHIP, AND CHANGES IN THE COMPLEXITY OF THE ROLE. IN ADDITION TO SURVEY DATA, PREVAILING MARKET CONDITIONS WERE ALSO CONSIDERED. ONCE THE LEADING CANDIDATE WAS IDENTIFIED, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MADE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION PACKAGE, SHARING ALL DATA AND COMPENSATION VARIABLES WITH THE BOARD. A FULL VOTE WAS UNDERTAKEN BY THE BOARD TO ENSURE TRANSPARENCY AND APPROPRIATE GOVERNANCE OF THE PROCESS. THE PROCESS WAS DOCUMENTED IN THE MINUTES FROM THE BOARD AND COMMITTEE MEETINGS SO THAT THE DECISION PROCESS, INCLUDING COMPARABILITY DATA USED, WAS MEMORIZED. FOR OTHER KEY EMPLOYEE POSITIONS, SALARIES ARE BENCHMARKED UTILIZING AISNE AND OTHER INDEPENDENT SCHOOL COMPENSATION DATA IS CONSIDERED ALONG WITH INTERNAL AND EXTERNAL BENCHMARKING WITH SUPPORT FROM EXECUTIVE SEARCH FIRMS AS REQUIRED. REASONABLENESS FOR ALL COMPENSATION IS A PRIMARY CONSIDERATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THE FORM PC IS FILED WITH THE DIVISION OF PUBLIC CHARITIES. |
| FORM 990, PART XII, LINE 2C: | PROCEDURES DID NOT CHANGE FROM PRIOR YEAR. |
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| Software Version: |