2024-10-14T07:40:59-05:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 Jessie Daniels Chief Financial Officer 2079662100 2024-10-11 1 1 Melissa Magoon CPA P01712842 2077752387 2024-10-11 2022 2024-10-15 13:58:12Z X Patrick Phillips PO Box 309 Hebron ME 04238 20489218 0 X www.hebronacademy.org X 1941 ME To operate a non-profit, private school for students from middle school to high school, and to inspire and guide students to reach their highest potential in mind, body and spirit. Our core values are fundamental to the Hebron experience. 17 17 123 40 0 0 1177295 1658306 15434517 11124236 823811 409951 13160 13160 17448783 13205653 5554375 4141016 0 0 5786284 5713162 0 0 479358 7170732 6905039 18511391 16759217 -1062608 -3553564 58306001 56779856 15949897 13513538 42356104 43266318 To operate a non-profit, private school for students from middle school to high school, and to inspire and guide students to reach their highest potential in mind, body and spirit. Our core values are fundamental to the Hebron experience. 0 0 11555167 4141016 11124236 Secondary and Middle School Education 11555167 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 13 0 1 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jessie Daniels 2079665268 339 Paris Road PO Box 309 Hebron ME 04238 J Matthew Lyness Chair 5.00 X X 0 0 0 Robert E Waite Vice Chair 5.00 X X 0 0 0 David S Prout Treasurer 5.00 X X 0 0 0 Robert J Ryan Secretary 5.00 X X 0 0 0 Felica W Coney Assistant Secretary 5.00 X X 0 0 0 Carolyn E Adams Board Member 5.00 X 0 0 0 William G Becker III Board Member 5.00 X 0 0 0 Debra Beacham Bloomingdale Board Member 5.00 X 0 0 0 Dr Jamie M Fey Board Member 5.00 X 0 0 0 Doug Haartz Board Member 5.00 X 0 0 0 Jane Harris Ash Board Member 5.00 X 0 0 0 Noah Love Board Member 5.00 X 0 0 0 Barrett S Mitchell Board Member 5.00 X 0 0 0 William R Percival Board Member 5.00 X 0 0 0 Anne Sage Board Member 5.00 X 0 0 0 Garvin L Warner Board Member 5.00 X 0 0 0 Scott E Wilson Board Member 5.00 X 0 0 0 Clement S Dwyer Jr Past Assistant Treasurer 5.00 X X 0 0 0 Wende Fox Lawson Board Member 5.00 X 0 0 0 Dr Robert C Greaves Past Board Member 5.00 X 0 0 0 Wallace E Higgins Past Board Member 5.00 X 0 0 0 Mathew W Johnson Past Board Member 5.00 X 0 0 0 Patrick Phillips Head of School 40.00 X 142666 0 21241 John Bell CFO 40.00 X 65569 0 2760 Mary McGrade Warner Former Interim Head of School 40.00 X 128727 0 23422 Daniel Marchetti Former Head of School 40.00 X 100094 0 0 437056 0 47423 3 1 1 1 Sage Dining Services 1402 York Rd Lutherville MD 21093 Food Services 1243973 Ad Astara International Inc 2458 James Street Halifax Nova Scotia CA B3K 3W7 Tuition Consultant 121995 Active Internet Technologies LLC PO Box 783838 Philadelphia PA 191783838 Software Services 117000 3 1658306 32993 1658306 Tuition and Fees 611600 11021194 11021194 Other Services and Fees 611710 70807 70807 Student Center 611710 16416 16416 Special Assessments 611710 15819 15819 11124236 566264 566264 13160 0 13160 13160 13160 7117052 10200 7275248 8317 -158196 1883 -156313 -156313 13205653 11124236 0 423111 4141016 4141016 232236 68979 94278 68979 4344365 2503119 1644868 196378 230508 130656 88672 11180 585835 333888 224373 27574 320218 180307 121854 18057 35967 35967 124509 124509 788039 67500 705339 15200 1236821 1151979 65575 19267 445893 153913 199453 92527 1514667 992331 515183 7153 300341 42125 250368 7848 74890 74890 1220574 1110602 99062 10910 446896 403703 38908 4285 Food Service 242578 242578 Student Activities & Su 211806 211806 Miscellaneous 174039 63243 110796 Bad Debt 88019 88019 16759217 11555167 4724692 479358 X 3075971 425706 5815063 4612577 5633362 5950745 29041 26410 43178 43895 169125 107670 36600641 19090778 18344903 17509863 20635032 23314532 2055833 2016634 2504493 2771824 58306001 56779856 624140 377570 4190320 2546643 10708765 10230348 426672 358977 15949897 13513538 X 9126600 6345897 33229504 36920421 42356104 43266318 58306001 56779856 X -3553564 3709327 754451 X 0 1 X 1 0 X 1640447 2115055 3841336 1177295 1658306 10432439 1640447 2115055 3841336 1177295 1658306 10432439 834544 9597895 622009 503509 431819 436493 579424 2573254 13005693 64550681 0.73800 0.62850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 26139317 296700 4067936 2380604 28123349 29886604 478227 -3170129 1055385 26139317 23626978 446195 7071418 1257987 29886604 22326706 1252968 847882 800578 23626978 19556405 1546098 2086754 862551 22326706 0.03109 0.66848 0.30043 0 0 623581 623581 31022830 14976956 16045874 4868543 4113822 754721 85687 85687 17509863 Funds Held For Others 120891 Deferred Vendor Rebate 92694 Charitable Gift Annuity Obligations 145392 358977 13403906 3709327 754451 4463778 8940128 124509 4141016 4265525 13205653 12493692 0 12493692 124509 4141016 4265525 16759217 Part III, Line 4: The collection helps to explain the history of the academy as well as the alumni who attended the school. Part V, Line 4: To provide support for various activities of the academy, including provision for financial aid and related expenditures. Part XI, Line 2d - Other Adjustments: Change in Pledge Discount and Allow for Pledges 267,331. Change in Value of Split-Interest Liability 487,120. Part XI, Line 4b - Other Adjustments: Financial Aid 4,141,016. Part XII, Line 4b - Other Adjustments: Financial Aid 4,141,016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Hebron Academy publicizes its policy through student and staff handbooks as well as other publicized advertisements. North America 0 0 Program Recruiting Consultant 129795 South America 0 1 Program Recruiting Consultant 101341 0 1 0 0 0 1 231136 0 231136 0 0 0 0 0 0 Part III Accounting Method: 1 Student Financial Aid 186 4141016 Direct Discount of Tuition Reduction of Tuition Due From Recipient Part I, Line 2: Grant funds are a direct reduction of student tuition. Therefore, additional monitoring is not deemed to be necessary. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Patrick Phillips Head of School 142666 0 0 0 0 0 5292 0 15949 0 163907 0 0 0 Mary McGrade Warner Former Interim Head of School 128727 0 0 0 0 0 5985 0 17437 0 152149 0 0 0 Daniel Marchetti Former Head of School 0 0 0 0 100094 0 0 0 0 0 100094 0 0 0 Part I, Line 1a The Head of School at Hebron Academy is provided with housing located on the Hebron Academy campus. This is in accordance with an employment agreement stipulating that the Head of School is required to live on the grounds of the campus. A discretionary allowance is also available for reimbursement of housing related costs, such as maintenance and cleaning. Part I, Line 4a During the calendar year 2022, Daniel Marchetti, Past Head of School, received $100,094 of severance pay. Form 990, Part VII, Line 5 Explanation: During the calendar year 2022, the organization paid $11,723 to PGM, LLC, an unrelated organization, for John Bell's, CFO, services to the organization. The amount compensated to John Bell from PGM, LLC is unknown. A Finance Authority of Maine 010392006 2019-06-20 11500000 To refinance previous bond and construction loan 0 0 0 A 1000000 11500000 11500000 2019 1 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 0 X 1 32993 Fair Market Value 0 0 1 1 Part I, Line 32b: Should the Academy decide to sell an asset/artwork, the Board approves of this process and sells the item through an auction house or curator. Part I, Line 33: The Academy received various in-kind supplies during the year. The value of these in-kind contributions cannot be determined and thus, the Academy did not record any contribution revenue related to these items. Form 990: Explanation of Amended Return When the original 2022 Form 990 was filed, the Organization's financial statement audit was not complete. Now that the financial statement audit has been completed, the 2022 Form 990 is now being amended to reflect the issued financial statements. The changes are as follows: 1. The amount on Form 990, Box G was updated to reflect the amount of gross receipts reported on the issued financial statements. 2. Part I, line 5 and Part V, line 2a were updated to report to correct amount of W-2s issued in 2022. 3. Part I, lines 8 and 12 were updated to report the correct amount of contribution revenue reported on the issued financial statements. There was an overall $20,140 decrease. This is also reflected on Part VIII, lines 1f, 1h,12 and Part XI, line 1. 4. Part I, line 15, 17, and 18 were updated to report the correct amount of expenses as reported on the financial statements. An overall decrease of expenses of $2. This is also reflected in Part IX, lines 5, 7, 8, 9, 11g, 13, 24c, 25 and Part XI, Line 2. 5. Part I, lines 20, 21, and 22 were updated to reflect the issued financial statements. This is further reflected on Part X, lines 1, 3, 16, 17, 25, 27, 28, 32, and 33. 6. Part II, the Signer was updated. 7. Part IV, line 12a is now checked as "yes" since the financial statements have been issued. 8. Part IV, lines 14a and 14b have been checked as "yes". Schedule F has been appropriately added to the amended return. 9. Part V, line 1a has been updated to report the correct amount of 1099s issued in 2022. 10. Part VI, Section C, line 20 was updated to report the current person in care of the books. 11. Part VII, Section A, line 1a was updated to report the accurate board listing and calendar year 2022 compensation to officers. 12. Part VII, lines 3 and 5 have been checked as "Yes". 13. Part VII, Section B, lines 1 and 2 has been updated to report the highest paid independent contactors in 2022. 14. Part XII, lines 2b and 2c have now been checked as "yes" since the audit has been completed. 15. Schedule A, Part II, line 1(e), 1(f), 6, 11, and 14 have been updated to reflect the changes in Part VIII. 16. Schedule B, Donor #2 was updated to report the correct amount of current year contributions and Donor #8 was added. 17. Schedule D, Part V, Column (A) and lines 2a, 2b, and 2c were updated to reflect the audited financial statements. 18. Schedule D, Part XI and XII were updated to reflect the audited financial statements and changes made to Part VIII and Part IX. 19. Schedule I, Part III Column (b) was updated to report the correct number of recipients. 20. Schedule J, Part I, Line 4a was checked "Yes and corresponding narrative on Part III was added. 21. Part VIII, line 1g and Schedule M, line 9 have been updated to report the correct amount of noncash gifts recorded in the fiscal year. 22. Disclosure of two chartiable gift annuities have been added to Schedule R, Part IV. Form 990, Part VI, Section A, line 2 Wende Fox-Lawson, Clem Dwyer, Matt Johnson and David Prout have a business relationship. Form 990, Part VI, Section B, line 11b The draft Form 990 is reviewed by the whole Board of Trustees. Once accepted, the CFO and Business Manager will approve the efiling and sign the transmittal forms. Form 990, Part VI, Section B, line 12c Hebron Academy requires all individuals or companies with whom there might be a conflict of interest complete a conflict of interest statement. The Board of Trustees also requires the individual/company work with the Chief Financial Officer and Business Manager to craft a reason why the Academy would rather do business with the individual/company versus a competitor with no conflict of interest. All individuals or companies where there is a conflict of interest are reviewed each fiscal year and conflict of interest statements are updated. Form 990, Part VI, Section B, line 15 In the first board meeting of the calendar year, the board of trustees goes into executive session to review the Head of School, which is followed up with a review of the Head of School's performance at the summer board meeting. Compensation is then discussed for the next fiscal year based on performance and comparability data of other private schools. Form 990, Part VI, Section C, line 19 Available upon request at the business office. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Hebron Academy Incorporated P.O. Box 309 Hebron, ME 04238 EIN 01-0224898 Section 1.263(a)-3(n) Election: Hebron Academy Incorporated is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Split Interest Agreement 267,331. Change in Pledge Discounting and Allowance for Pledges 487,120. Split-Interest Agreements (4) Trusts ME Hebron Academy Incorporated 1 Charitable Gift Annunity (2) Trusts ME Hebron Academy Incorporated 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0