2023-05-15T07:50:20-05:00 2022-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2021-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 John Bell CFO 2079662100 2023-05-12 1 John Bell 999009999 Melissa Magoon CPA P01712842 2077752387 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Patrick Phillips PO Box 309 Hebron ME 04238 24243108 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. 19 19 124 40 0 0 3841336 1177295 10916353 15434517 4508364 823811 13260 13160 19279313 17448783 4021490 5554375 0 0 5213474 5786284 0 0 548629 6662656 7170732 15897620 18511391 3381693 -1062608 65845494 58306001 18263166 15949897 47582328 42356104 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 13093709 5554375 15434517 Secondary and Middle School Education 13093709 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 9 0 1 124 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X John Bell 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 Clement S Dwyer Jr Assistant 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 Wende Fox Lawson Board Member 5.00 X 0 0 0 Dr Robert C Greaves Board Member 5.00 X 0 0 0 Wallace E Higgins Board Member 5.00 X 0 0 0 Jane Harris Ash Board Member 5.00 X 0 0 0 Mathew W Johnson 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 Garvin L Warner Board Member 5.00 X 0 0 0 Scott E Wilson Board Member 5.00 X 0 0 0 Daniel Marchetti Past Head of School 40.00 X 186212 0 40108 Jennifer Whitesel Interim CFO 40.00 X 47990 0 4776 Mary McGrady Warner Interim Head of School 40.00 X 182856 0 9004 John Bell Interim CFO 40.00 X 0 0 0 Edwin Nunez Admissions Director 40.00 X 137906 0 23983 554964 0 77871 3 0 1 0 Sage Dining Services 1402 York Rd Lutherville MD 21093 Food Services 1298056 Parla USA LLC 421 W 28th St Houston TX 77008 Tuition Consultant 218760 Ad Astara International Inc 8701 Georgia Ave Ste 808 Silver Spring MD 20910 Tuition Consultant 156387 GDI Integrated Facility Services 170 John Roberts Rd Unit 5 South Portland ME 04106 Cleaning Services 151665 Active Internet Technologies LLC 655 Winding Brook Dr Ste 100 Glastonbury CT 06033 Software Services 122625 5 1177295 75430 1177295 Tuition and Fees 611600 15137005 15137005 Student Center 611710 153936 153936 Other Services and Fees 611710 119868 119868 Special Assessments 611710 23708 23708 15434517 423333 423333 13160 0 13160 13160 13160 7190084 4719 6792327 1998 397757 2721 400478 400478 17448783 15434517 0 836971 5554375 5554375 470945 169910 131125 169910 4172443 2515745 1491556 165142 200817 123298 71461 6058 605218 356298 215809 33111 336861 171735 144822 20304 18746 18746 133450 133450 1310378 29708 1268651 12019 89385 41210 48175 376161 124579 193056 58526 1498507 957887 533274 7346 205992 47546 152216 6230 467204 422047 40677 4480 1224683 1114312 99422 10949 178929 178929 Food Service 1300714 1300714 Miscellaneous 194721 75960 112382 6379 Student Activities & Su 129595 129595 Bad Debt 42267 42267 18511391 13093709 4869053 548629 X 1967663 3075971 6548742 5815063 6234615 5633362 49296 29041 44790 43178 427182 169125 36240060 17895157 19165536 18344903 26812771 20635032 1958576 2055833 2636323 2504493 65845494 58306001 489010 624140 6160986 4190320 11187182 10708765 425988 426672 18263166 15949897 X 10706771 9126600 36875557 33229504 47582328 42356104 65845494 58306001 X -1062608 -4085422 -78194 X 0 1 X 1 0 X 5058510 1640447 2115055 3841336 1177295 13832643 5058510 1640447 2115055 3841336 1177295 13832643 3548757 10283886 536904 622009 503509 431819 436493 2530734 16363377 66512758 0.62850 0.63430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 29886604 478227 -3170129 1055385 26139317 23626978 446195 7071418 1257987 29886604 22326706 1252968 847882 800578 23626978 19556405 1546098 2086754 862551 22326706 17739852 1251385 2029792 1464624 19556405 0.05178 0.70787 0.24035 0 0 623581 623581 30955632 14043690 16911942 4660847 3851467 809380 18344903 Funds Held For Others 185784 Deferred Vendor Rebate 108361 Charitable Gift Annuity Obligations 132527 426672 7597342 -4085422 16349 -4069073 11666415 133450 5648918 5782368 17448783 12823566 0 12823566 133450 5554375 5687825 18511391 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 16,349. Part XI, Line 4b - Other Adjustments: Financial Aid 5,554,375. Change in Value of Split-Interest Liability 94,543. Part XII, Line 4b - Other Adjustments: Financial Aid 5,554,375. 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. 1 Student Financial Aid 225 5554375 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 Daniel Marchetti Past Head of School 129962 0 0 0 56250 0 18668 0 21440 0 226320 0 0 0 Mary McGrady Warner Interim Head of School 182856 0 0 0 0 0 4923 0 4081 0 191860 0 0 0 Edwin Nunez Admissions Director 137906 0 0 0 0 0 12292 0 11691 0 161889 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 Daniel Marchetti, Past Head of School, received severance pay of $56,250 during 2021. A Finance Authority of Maine 010392006 2019-06-20 11500000 To refinance previous bond and construction loan 0 0 0 A 500000 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 Courtney P Marchetti Family Member of the Headmaster Daniel Marchetti. 47689 Employed by Hebron Academy 0 X 13 75430 Fair Market Value 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, 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 -94,543. Change in Pledge Discounting and Allowance for Pledges 16,349. Split-Interest Agreements (4) 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