2023-05-15T12:27:28-05:00 2022-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PLLC 19 MORGAN DRIVE LEBANON NH 03766 990 2021-07-01 010223755 BERWICK ACADEMY BERW 2073842164 31 ACADEMY STREET SOUTH BERWICK ME 03908 JONATHAN DOUGLAS CHIEF FINANCIAL OFFICER 2073842164 2023-05-11 1 JONATHAN DOUGLAS 999009999 JAMES N GODFREY CPA P00913422 6036530044 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JONATHAN DOUGLAS 31 ACADEMY STREET SOUTH BERWICK ME 03908 31072353 0 X BERWICKACADEMY.ORG X 1791 ME BERWICK ACADEMY, FOUNDED IN 1791, IS DEDICATED TO PROMOTING VIRTUE AND USEFUL KNOWLEDGE AMONG THE RISING GENERATIONS. 20 19 268 50 0 0 5400003 4955362 22090640 23829027 1470814 812518 -7116 44586 28954341 29641493 6656520 6514844 0 0 11327212 11967241 0 0 700963 5778370 5965029 23762102 24447114 5192239 5194379 57917930 55863160 15111548 12935326 42806382 42927834 BERWICK ACADEMY, FOUNDED IN 1791, IS DEDICATED TO PROMOTING VIRTUE AND USEFUL KNOWLEDGE AMONG THE RISING GENERATIONS. 0 0 20834386 6514844 23829027 INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 589 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINE, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. 20834386 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 80 0 1 268 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JONATHAN DOUGLAS 2073842164 31 ACADEMY STREET SOUTH BERWICK ME 03908 BARBARA O'CONNOR PRESIDENT 1.00 X X 0 0 0 PAULA WILLIAMSON-REID VICE PRESIDENT 1.00 X X 0 0 0 JAMES LAWSON TREASURER 1.00 X X 0 0 0 JASON KROLL SECRETARY 1.00 X X 0 0 0 ALICE BENTLEY TRUSTEE 1.00 X 0 0 0 LESLI FRIEL TRUSTEE 1.00 X 0 0 0 JAMES JALBERT TRUSTEE 1.00 X 0 0 0 ERIC KATZ TRUSTEE 1.00 X 0 0 0 KENNETT KENDALL JR TRUSTEE 1.00 X 0 0 0 DR ARUL MAHADEVAN TRUSTEE 1.00 X 0 0 0 SUZANNE MILLER TRUSTEE 1.00 X 0 0 0 JERMAINE MOORE TRUSTEE 1.00 X 0 0 0 CLARE O'BRIEN TRUSTEE 1.00 X 0 0 0 NICOLE OUTSEN TRUSTEE 1.00 X 0 0 0 CATHERINE POWELL TRUSTEE 1.00 X 0 0 0 MALCOM SMITH III TRUSTEE 1.00 X 0 0 0 PATRICK SPEARMAN TRUSTEE 1.00 X 0 0 0 KELLY MCGOWAN TRUSTEE 1.00 X 0 0 0 NATALEE MARTIN TRUSTEE 1.00 X 0 0 0 JAMES HAMILTON HEAD OF SCHOOL 50.00 X X 316584 0 153774 JONATHAN DOUGLAS CFO 40.00 X 191655 0 93108 RYAN FEELEY ASSISTANT HEAD OF SCHOOL 40.00 X 182000 0 54214 AMY SMUCKER ASSISTANT HEAD OF SCHOOL 40.00 X 163257 0 34091 JOEL HAWES DIRECTOR OF LOWER SCHOOL 40.00 X 130931 0 13554 TED SMITH DIRECTOR OF UPPER SCHOOL 40.00 X 120902 0 42010 MICHAEL BUENSUCESCO ASSISTANT HEAD OF SCHOOL 40.00 X 123632 0 88975 1228961 0 479726 9 0 1 0 SAGE DINING SERVICES INC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 849463 C & J BUS LINES 185 GRAFTON DRIVE PORTSMOUTH NH 03801 STUDENT BUS TRANSPORTATION 189010 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 DATABASE MANAGEMENT 142090 MARSHALL RENTAL 56 STATE ROAD ROUTE 1 KITTERY ME 03904 SUPPLIES AND RENTALS 110316 4 2350 1762771 3190241 1124519 4955362 TUITION 611710 21186200 21186200 OTHER PROGRAM REVENUE 611710 1787527 1787527 PROGRAM SUPPORT 611710 726249 726249 SUMMER PROGRAMS 611710 129051 129051 23829027 993101 993101 58706 0 58706 58706 58706 1166576 15205 1360179 2185 -193603 13020 -180583 -180583 28512 2350 29958 -1446 -1446 25864 38538 -12674 -12674 29641493 23829027 0 857104 6514844 6514844 589359 271957 226750 90652 8874245 7404359 1166216 303670 626963 520143 84017 22803 1876674 1543284 260325 73065 37547 37547 51699 51699 46286 46286 136622 120227 12296 4099 922729 812001 83046 27682 47121 30031 17090 247680 247680 1118393 984186 100655 33552 GENERAL INSTRUCTIONAL 811866 811866 GENERAL ADMINISTRATION 792203 792203 FOOD SERVICES 789731 789731 TRANSPORTATION SERVICES 346207 346207 616945 467901 20694 128350 24447114 20834386 2911765 700963 7876523 3479449 3298950 3192740 484585 2048509 160351 128288 52972 36391 402185 425962 41194577 22616235 18513547 18578342 26185019 27185879 943798 787600 57917930 55863160 1595752 1622761 2440154 2217246 9155184 8908262 21485 105531 1772146 3125 126827 78401 15111548 12935326 X 22269802 26144062 20536580 16783772 42806382 42927834 57917930 55863160 X 5194379 -5073427 500 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23005747 103506 -3625433 700000 18783820 18562393 167496 4990672 714814 23005747 18168298 109859 984236 700000 18562393 17418896 675667 778735 705000 18168298 16733719 331963 1053214 700000 17418896 0.27478 0.61207 0.11315 0 0 439630 439630 32006680 16963243 15043437 2600787 2037598 563189 6147480 3615394 2532086 18578342 LIABILITY FOR SPLIT-INTEREST AGREEMENT 78401 78401 X 18075932 -5073427 68496 -5004931 23080863 46286 6514344 6560630 29641493 17954480 68496 68496 17885984 46286 6514844 6561130 24447114 PART V, LINE 4: THE PURPOSE OF THIS FUND IS TO GENERATE INCOME TO BE USED TO PROVIDE ANNUAL SCHOLARSHIPS, AWARDS, AND PRIZES TO STUDENTS OF THE ACADEMY AS WELL AS TO PROVIDE SUPPORT FOR GENERAL OPERATIONS OF THE ACADEMY. PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 38,538. FUNDRAISING EXPENSES 29,958. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGE -500. FINANCIAL AID 6,514,844. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 38,538. FUNDRAISING EXPENSES 29,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,514,844. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIAL NONDISCRIMINATION POLICY IS PUBLISHED IN ITS CATALOGS, BROCHURES AND THE BOSTON GLOBE. BOOSTERS GOLF CLASSIC 28812 2350 26462 29958 28812 2350 26462 29958 29958 -3496 1 FINANCIAL AID 293 6514844 FMV FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF TUITION REDUCTION. PART I, LINE 2: NAMES AND ADDRESSES OF THE FINANCIAL AID RECIPIENTS ARE MAINTAINED AT THE SCHOOL. THE AMOUNT OF FINANCIAL AID AWARDED IS CREDITED TO EACH RECIPIENT'S ACCOUNT AND THE NET AMOUNT DUE TO THE SCHOOL IS THEN BILLED TO THE STUDENT. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JAMES HAMILTON HEAD OF SCHOOL 316584 0 0 0 0 0 35741 0 118033 0 470358 0 0 0 JONATHAN DOUGLAS CFO 191655 0 0 0 0 0 21110 0 71998 0 284763 0 0 0 RYAN FEELEY ASSISTANT HEAD OF SCHOOL 182000 0 0 0 0 0 20591 0 33623 0 236214 0 0 0 MICHAEL BUENSUCESCO ASSISTANT HEAD OF SCHOOL 123632 0 0 0 0 0 16659 0 72316 0 212607 0 0 0 AMY SMUCKER ASSISTANT HEAD OF SCHOOL 163257 0 0 0 0 0 19106 0 14985 0 197348 0 0 0 TED SMITH DIRECTOR OF UPPER SCHOOL 120902 0 0 0 0 0 13064 0 28946 0 162912 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO SOME TEACHING STAFF AND TO THE HEAD OF SCHOOL ON THE BUSINESS PREMISES FOR THE CONVENIENCE OF THE ACADEMY. IT IS SPECIFIED IN THE EMPLOYMENT CONTRACT AND PURSUANT TO EMPLOYMENT. A FINANCE AUTHORITY OF MAINE 010392006 2017-04-26 9500000 REFUND PRIOR ISSUE OF BONDS AND FINANCE ADDITIONAL PROPERTY IMPROVEMENTS 0 0 0 A 9500000 72633 9500000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 JAMES HAMILTON CURRENT OFFICER PER EMPLOYMENT AGREEMENT X 160000 128288 0 1 1 128288 EASTERN PROPANE & OIL FORMER BOARD PRESIDENT 251730 PROPANE & OIL SERVICES 0 C&J BUS LINES OWNED BY CURRENT BOARD PRESIDENT 189010 TRANSPORTATION SERVICES 0 X 21 1124519 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ACADEMY USES UBS TO IMMEDIATELY LIQUIDATE AND TRANSFER STOCK GIFTS TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER PREPARES RAW MATERIALS FOR THE INDEPENDENT ACCOUNTING FIRM FOLLOWING THE ANNUAL AUDIT FIELDWORK. AFTER PREPARATION OF THE 990, THE INDEPENDENT ACCOUNTING FIRM PROVIDES A COPY TO THE CFO. THE CFO THEN PROVIDES THE AUDIT COMMITTEE WITH A DRAFT COPY OF THE 990 TO REVIEW INDIVIDUALLY PRIOR TO VOTE. THE AUDIT COMMITTE VOTES TO APPROVE THE FORM 990 AS DRAFTED ON BEHALF OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REPORTS TO BOTH THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS ARE EDUCATED BY THE COMMITTEE THROUGH THE ORIENTATION PROCESS. ANNUALLY THE BOARD MEMBER DISCLOSURE AND POLICY IS REVIEWED AND SIGNED BY EACH MEMBER AT THE FIRST BOARD MEETING. THE COMMITTEE ON TRUSTEES IS MADE AWARE OF ANY ISSUES. MANAGEMENT MONITORS ANY DISCLOSURES AND KEEPS A WATCH OUT FOR ANY CONFLICTS OF INTEREST. AT THIS TIME, NO CONFLICTS OF INTEREST HAVE BEEN SELF-IDENTIFIED NOR IDENTIFIED BY THE COMMITTEE ON TRUSTEES OR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HAS AN AD HOC COMPENSATION COMMITTEE WHICH REVIEWS AND RESEARCHES THE HEAD OF SCHOOL'S COMPENSATION ON AN ONGOING BASIS. THE HEAD OF SCHOOL, AND THE CFO REVIEW AND RESEARCH MANAGEMENT COMPENSATION. THE HEAD OF SCHOOL AND THE CFO PARTICIPATE IN A VARIETY OF BENCHMARKING ORGANIZATION AND REVIEW COMPENSATION ON AN ONGOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL DISCLOSURES AND FINANCIAL STATEMENTS ARE PROVIDED ANNUALLY TO THE RATING DISSEMINATION AGENT. PUBLIC INSPECTION COPIES OF THE 990, THE FINANCIAL STATEMENTS, DISCLOSURE STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE IN THE CFO'S OFFICE FROM 8:00AM TO 4:30PM, MONDAY THROUGH FRIDAY BY APPOINTMENT. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE 500.