2025-05-13T08:14:00-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 Jessie L Daniels CFO 2079662100 2025-05-12 1 1 Melissa Magoon CPA P01712842 2077752387 2025-05-12 2023 2025-03-06 01:10:19Z Patrick Phillips PO Box 309 Hebron ME 04238 22100915 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 17 110 40 0 0 1638166 1849747 11124236 9449532 409951 3665097 13160 12709 13185513 14977085 4141016 4118045 0 0 5713160 5582982 0 0 490649 6905043 6477327 16759219 16178354 -3573706 -1201269 56779856 55140582 13513538 12065698 43266318 43074884 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 10889901 4118045 9449532 Secondary and Middle School Education 10889901 1 1 0 0 0 0 0 1 0 1 1 0 0 1 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 0 0 1 0 0 0 0 1 1 0 0 0 1 9 0 1 110 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 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 0.00 X X 0 0 0 Robert E Waite Vice Chair 5.00 0.00 X X 0 0 0 David S Prout Treasurer 5.00 0.00 X X 0 0 0 Robert J Ryan Secretary 5.00 0.00 X X 0 0 0 Felica W Coney Assistant Secretary 5.00 0.00 X X 0 0 0 Carolyn E Adams Board Member 5.00 0.00 X 0 0 0 Bill Becker Board Member 5.00 0.00 X 0 0 0 Debra Beacham Bloomingdale Board Member 5.00 0.00 X 0 0 0 Dr Jamie M Fey Board Member 5.00 0.00 X 0 0 0 Doug Haartz Board Member 5.00 0.00 X 0 0 0 Jane Harris Ash Board Member 5.00 0.00 X 0 0 0 Noah Love Board Member 5.00 0.00 X 0 0 0 Barrett S Mitchell Board Member 5.00 0.00 X 0 0 0 William R Percival Board Member 5.00 0.00 X 0 0 0 Anne Sage Board Member 5.00 0.00 X 0 0 0 Garvin L Warner Board Member 5.00 0.00 X 0 0 0 Scott E Wilson Board Member 5.00 0.00 X 0 0 0 Patrick Phillips Head of School 40.00 0.00 X 226404 0 35060 John Bell Past CFO 40.00 0.00 X 133593 0 25190 Jessie Daniels CFO 40.00 0.00 X 0 0 0 Angela Yang-Handy Assistant Head of School 40.00 0.00 X 105803 0 29237 Seth Williams Director of Advancement 40.00 0.00 X 133064 0 16819 598864 0 106306 4 0 1 0 Sage Dining Services 1402 York Rd Suite 100 Lutherville MD 21093 Food Services 1046618 Horch Roofing 2414 Camden Rd Warren ME 04864 Roofing 168325 E & R Laundry 80 Ross Avenue Manchester NH 03103 Outside Laundry 110751 Nason Mechanical 194 Merrow Rd Auburn ME 04210 Heating Repair 103782 4 1849747 368886 1849747 Tuition and Fees 611600 9383638 9383638 Other Services and Fees 611710 48160 48160 Special Assessments 611710 14100 14100 Student Center 611710 3634 3634 9449532 543864 543864 12709 0 12709 12709 12709 10245063 7123830 3121233 3121233 3121233 14977085 9449532 0 3677806 4118045 4118045 420248 112525 195198 112525 4261087 2232459 1802551 226077 64329 38337 24043 1949 504966 283797 191850 29319 332352 178130 129647 24575 17358 17358 51411 51411 126561 126561 581098 17167 560592 3339 111962 107347 4615 393192 109876 235019 48297 1451314 849329 595768 6217 220639 25437 177627 17575 430960 389306 37522 4132 1327315 1207025 108356 11934 203740 203740 Food Service 1189197 1189197 Miscellaneous 213611 37030 176486 95 Student Activities & Su 102241 102241 Bad Debt 56728 56728 16178354 10889901 4797804 490649 X 20035 10101 1973525 332022 5950745 5964308 26410 51295 43895 59320 107670 105192 36942829 20418093 17509863 16524736 26359255 27729035 2016634 1199617 2771824 3164956 56779856 55140582 522962 472535 2546643 1558102 10230348 9751931 213585 283130 13513538 12065698 X 6345897 5114987 36920421 37959897 43266318 43074884 56779856 55140582 X -1201269 870711 139124 X 0 1 X 1 0 X 2115055 3841336 1177295 1658306 1849747 10641739 2115055 3841336 1177295 1658306 1849747 10641739 1185045 9456694 503509 431819 436493 579424 556573 2507818 13149557 60966075 0.71920 0.73800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 28123349 330967 4409247 4957622 27905941 26139317 296700 4067936 2380604 28123349 29886604 478227 -3170129 1055385 26139317 23626978 446195 7071418 1257987 29886604 22326706 1252968 847882 800578 23626978 0.00801 0.66386 0.32813 0 0 623581 623581 31403271 16018251 15385020 4915977 4399842 516135 16524736 Split Interest Agreement 3164956 3164956 Funds Held For Others 206103 Deferred Vendor Rebate 77027 283130 11742314 870711 438618 1309329 10432985 126561 4417539 4544100 14977085 11933748 0 11933748 126561 4118045 4244606 16178354 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 Value of Split-Interest Liability 438,618. Part XI, Line 4b - Other Adjustments: Financial Aid 4,118,045. Change in Pledge Discount and Allow for Pledges 299,494. Part XII, Line 4b - Other Adjustments: Financial Aid 4,118,045. 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 128 4118045 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 0 0 0 0 0 0 0 0 0 Patrick Phillips Head of School 226404 0 0 0 0 0 9010 0 26050 0 261464 0 0 0 John Bell Past CFO 133593 0 0 0 0 0 5419 0 19771 0 158783 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. A Finance Authority of Maine 010392006 2019-06-20 11500000 To refinance previous bond and construction loan 0 0 0 A 1500000 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 4 368886 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, 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 438,618. Change in Pledge Discounting and Allowance for Pledges -299,494. 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