2025-05-14T08:43:42-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 010212438 Maine Central Institute MAIN 2074874454 295 Main Street Pittsfield ME 04967 Jerilyn Underhill Chief Financial Officer 2074874454 2025-05-14 1 1 Barbara J McGuan CPA P00219457 2077752387 2025-05-14 2023 2025-03-06 01:10:19Z David Pearson 295 Main Street Pittsfield ME 04967 11984432 0 X www.mci-school.org X 1866 ME Secondary school education. 23 23 173 100 0 0 4864210 2069634 9228801 9560359 14471 354439 0 0 14107482 11984432 2241323 2020293 0 0 5299754 5648922 0 0 290815 3539916 3750542 11080993 11419757 3026489 564675 27313644 26489958 4863301 5542617 22450343 20947341 X MCI engages a multicultural student body with diverse abilities and interests in a rigorous and comprehensive college and career preparatory experience. In a safe and nurturing environment, students develop self-esteem, academic skills, and social responsibility to be thoughtful global citizens and lifelong learners. 0 0 8839693 2020293 9560359 Maine Central Institute offers high school and postgraduate programs in Pittsfield, Maine to Maine School Administrative District #53 (SAD #53), students attending from towns with school choice, students transferring from other districts and boarding students. Education and meals provided for approximately 250 students; housing is provided for approximately 54 students. 8839693 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 185 0 1 173 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jerilyn Underhill 2074873355 295 Main Street Pittsfield ME 04967 Michael Dow Board President 5.00 X X 0 0 0 Kyle Holmstrom Treasurer 1.00 X X 0 0 0 Timothy Archibald Trustee 1.00 X 0 0 0 Robert Bryant Trustee 1.00 X 0 0 0 Allen Dyer Trustee 1.00 X 0 0 0 Lewis Fitts III Trustee 1.00 X 0 0 0 Natalia Hall Trustee 1.00 X 0 0 0 Mitchell Hallee Trustee 1.00 X 0 0 0 Kristy Hapworth Trustee 1.00 X 0 0 0 Frank Haseltine Trustee 1.00 X 0 0 0 Charles Jeffers Trustee 1.00 X 0 0 0 Margaret Peat Trustee 1.00 X 0 0 0 Paul Pietranico Trustee 1.00 X 0 0 0 Debra Pronovost Trustee 1.00 X 0 0 0 Aaron Rosen Trustee 1.00 X 0 0 0 Elizabeth Ross Trustee 1.00 X 0 0 0 Deborah Rozeboom Trustee 1.00 X 0 0 0 Matthew Stein Trustee 1.00 X 0 0 0 Dan Tilton Trustee 1.00 X 0 0 0 Eric Thompson Trustee 1.00 X 0 0 0 Erik Updyke Trustee 1.00 X 0 0 0 Craig Weaver Trustee 1.00 X 0 0 0 Joo Ohk Yi Trustee 1.00 X 0 0 0 Tania Carnrick Past Vice President 1.00 X X 0 0 0 Gregg Newhouse Past Trustee 1.00 X 0 0 0 Jason Cummings Past Trustee 1.00 X 0 0 0 Norbert Young Past Trustee 1.00 X 0 0 0 Daniel Welch Chief Financial Officer 40.00 X 97633 0 13343 David Pearson Head of School 40.00 X 185737 0 57199 283370 0 70542 1 0 1 0 Compass Group 2400 Yorkmont Road Charlotte NC 28217 Food Service Vendor 779240 Cianbro Corporation 101 Cianbro Square Pittsfield ME 04967 Construction Services 341949 2 2069634 2069634 Tuition and Fees 611710 9283616 9283616 Other Program Revenue 611710 219441 219441 Student Activities 611710 57302 57302 9560359 236661 236661 111778 6000 0 0 111778 6000 117778 117778 11984432 9560359 0 354439 2020293 2020293 353912 82902 259132 11878 4227946 3656691 421277 149978 127662 113797 9093 4772 667163 593994 56557 16612 272239 214502 47609 10128 90556 90556 45221 45221 35975 35975 223915 159890 11937 52088 5878 2622 2153 1103 161823 58634 89432 13757 17857 17857 680733 316364 356979 7390 51114 51114 92222 4142 86747 1333 72072 46319 25392 361 663643 487675 172737 3231 74343 74343 Partnership Expense 578452 578452 Food Costs 525475 525475 Miscellaneous Expenses 246825 228641 18184 Athletics 184438 184438 11419757 8839693 2289249 290815 X 1490632 1758510 661823 206500 999191 259369 4523 4523 83095 77315 25873866 13597208 12565626 12276658 9415345 9871552 31434 22500 2061975 2013031 27313644 26489958 1239081 1155669 115103 188303 2894567 2797401 0 0 614550 1401244 4863301 5542617 X 16464334 11712702 5986009 9234639 22450343 20947341 27313644 26489958 X 564675 425587 -2444321 -48943 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 297 297 0 Part II-B, Line 1: The Organization pays dues to various organizations, a portion of which are attributable to lobbying expenses. 9455353 9455353 9370571 765553 680771 9455353 10887089 -835747 680771 9370571 8788321 55225 2299370 255827 10887089 8501353 68125 494370 275527 8788321 0.50666 0.20644 0.28690 0 0 389117 389117 17716640 11005311 6711329 3283962 2591897 692065 4484147 4484147 12276658 Cash Surrender Value of Life Insurance Policies 15275 Gifts of Future Interests 1997756 2013031 Other Current Liabilities 9160 Tuition Deposits 1340841 Capital Lease Obligation 51243 1401244 Part V, Line 4: MCI maintains endowment investment funds that are used to fund current/future operations, scholarships, facilities, and to supply capital for other various needs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Statement included in recruiting brochures. Schedule E, Part I, Line 6 The school participates in various state governmental Financial Aid programs. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Student recruitment, program implementation assistance, and overall program oversight in partnership Lincoln Management Consultants are our partners in Taiwan. We offer online programming to students there and they visit our school in the summer for an intensive academic program. These students are eligible to earn a MCI diploma at the conclusion of the program which typically lasts three years. We pay them a commission, based on an MOU, for their services to the program. 438000 0 0 0 0 0 0 438000 0 438000 0 0 0 0 0 0 1 Financial Aid 90 0 1979470 FMV Discounted tuition Scholarships 14 0 40823 FMV Scholarship payments Part I, Line 2: All assistance to individuals is in the form of financial aid, grants, scholarships, and tuition discounts awarded to students. Assistance is applied directly to the student's account balance. X 1 1 X X X 0 0 0 0 0 0 0 0 0 David Pearson Head of School 185737 0 0 0 0 0 9032 0 48167 0 242936 0 0 0 Part I, Line 1a The Head of School is required to live near the campus, therefore housing is provided and is included in his nontaxable benefits. A Finance Authority of Maine 010392006 2021-11-12 2934810 Refunding of Previously issued 2012 Finance Authority of Maine Bond 0 0 0 A 72174 2934810 2934810 2021 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 0 Form 990, Part VI, Section B, line 11b Form 990 is prepared by an outside accounting firm. A complete copy of the form and all schedules is reviewed by the Chief Financial Officer as well as the finance/investment committee. A copy of the core Form 990 including all schedules is then provided to each member of the board of trustees for review. Form 990, Part VI, Section B, line 12c Every October, the Organization requires the completion of a conflict-of-interest disclosure form for any situation that would give rise to a conflict. The Organization maintains records as to who has returned a completed form and the situation in question. Form 990, Part VI, Section B, line 15 When determining the compensation levels for the Head of School of the school, the Organization reviewed documentation from the Independent Schools Association of Northern New England and the National Association of Independent Schools. Salary levels for prior Headmasters, as well as information from other similar schools is also reviewed. The executive administration staff compensation is also based upon documentation from ISANE. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Maine Central Institute 295 Main Street Pittsfield, ME 04967 EIN 01-0212438 Maine Central Institute 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 -48,943. Form 990, Part XII, Line 2a: Financial Statements and Reporting As of May 15, 2025, the Organization's financial statement audit for the fiscal year-ended 6/30/24 is still in process and has not yet been completed. As a result, questions related to financial statement audit on Form 990 Part IV and Part XII have been answered 'no' accordingly. Charitable Trusts (2) Charitable Trust ME Maine Central Institute 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0