Brewster Academy

“Roy Ballentine, Board Chair, and Brian Ballentine, Board Trustee, have a family relationship. J. Scott Curvey, Board Trustee, and James Curvey, Board Trustee, have a family relationship.”

“1. Charter updates passed legislation in June 2021 - board voted in August 2021 (subsequent event) 62 Brewster Academy; Composition and Election of Board of Trustees. Amend 1887, 167:3, as amended by 1951, 333:1; 1953, 313:1; 1965, 455:1; 1975, 153:2; and 2010, 5:4 to read as follows: SECT. 3. The board of trustees shall be composed of not less than nine nor more than [twenty-five] thirty members as fixed in Brewster Academy's bylaws, or in the absence of any such bylaw provision, as from time to time expressly determined by resolution of the trustees. Not less than five nor more than twenty-one members shall be elected members as hereinafter provided. Three of the members of the board shall be three trustees under the seventh or residuary clause of the will of John Brewster. The trustees under said will and their several successors in said trust under said will shall each be members of the board of trustees of the Academy for so long as they severally remain trustees under said will. One of the members of the board shall be a representative of the Brewster Academy alumni association who shall serve for one year from the date of his or her election. At each annual meeting approximately one-third of the trustees to be elected shall be elected to serve for three years to succeed those whose terms then expire. The retiring members shall be eligible for reelection but shall have no vote in such election. If a vacancy shall occur among the aforesaid elected trustees or their successors or the trustee from the Brewster Academy alumni association, the board of trustees may elect a trustee to serve for the unexpired balance of the affected term. The head of the academy shall be selected by the board of trustees and may attend meetings of the board of trustees but shall not have a vote therein.”

“Commonwealth of MA has the right to appoint members of the Brewster Trust, who are members of the Board of Trustees under the Charter.”

“The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval.”

“All present Trustees and each new Trustee, prior to taking his/her position on the Board shall submit in writing to the Chairman of the Board a list of all businesses or other organizations of which s/he is an officer, director, trustee, member, owner, shareholder, employee or agent, with which Brewster Academy has, or might reasonably in the future enter into, a relationship or transaction in which the Trustee would have conflicting interests. This disclosure shall be provided by each Board Member to the Chairman of the Board on an annual basis. The Chairman of the Board shall become familiar with the statements of all trustees in order to guide appropriate conduct should a conflict arise. Voting - 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/her written statement or not, and after answering any questions that might be asked of him/her, shall withdraw from the Board meeting for so long as the matter shall continue under discussion. The Conflict of Interest Policy must be signed individually by members of the Board of Trustees, and there is an annual review of the conflict of interest statements.”

“The Board of Trustees retained an employment consultant to determine the salary for the Head of School. The Board of Trustees also reviewed independent benchmarking studies to determine the salary for the President and Head of School.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Section 1.263(a)-3(n) Election: Brewster Academy 80 Academy Drive Wolfeboro, NH 03894 EIN 02-0223317 Brewster Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Value of Charitable Gift Annuity -82,116. Change in Value of Beneficial Interest in Perpetual Trust -677,096. Change in Pledge discounting and Allowance for Pledges 16,081.”