2021-03-29T08:33:48-05:00 2020-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2019-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 043490257 ANDREW MAY CFO 2076854914 2021-03-22 1 NICK CROSMAN P01498238 2077745701 2021-03-22 2019 2022-09-23 18:48:47Z ANDREW MAY PO BOX 257 KENTS HILL ME 043490257 14408655 0 X WWW.KENTSHILL.ORG X 1824 ME THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT. 20 19 139 20 -127799 0 1735591 891875 11919738 11328370 641021 413008 -207240 -299271 14089110 12333982 4417077 4321190 0 0 5714756 6008428 0 0 426528 5602264 5260755 15734097 15590373 -1644987 -3256391 57071154 53732644 16023281 16278307 41047873 37454337 X THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE PERSON OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. 0 0 4321190 4321190 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED AND MERIT BASED. 6165870 11235222 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 220 BOARDING AND DAY STUDENTS. 10487060 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 23 0 1 139 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ANDREW MAY 2076854914 1614 MAIN STREET KENTS HILL ME 04349 THEODORE B ALFOND VICE PRESIDENT 1.00 X X 0 0 0 MARK S ALCAIDE VP & TREASURER 1.00 X X 0 0 0 TAYLOR BODMAN TRUSTEE 1.00 X 0 0 0 WILLIAM J BRENNAN TRUSTEE 1.00 X 0 0 0 NANCY COLHOUN TRUSTEE 1.00 X 0 0 0 CATHERINE EATON COAKLEY TRUSTEE 1.00 X 0 0 0 GORDON H FAY TRUSTEE 1.00 X 0 0 0 DEBRA GESIMONDO TRUSTEE 1.00 X 0 0 0 JAMES R HANSEN TRUSTEE 1.00 X 0 0 0 PATRICIA R HATLER PRESIDENT 1.00 X X 0 0 0 JAWAD ISSA TRUSTEE 1.00 X 0 0 0 PARKER J BEVERAGE TRUSTEE 1.00 X 0 0 0 STEVEN MADISON TRUSTEE 1.00 X 0 0 0 ALANE B O'CONNOR TRUSTEE 1.00 X 0 0 0 RICHARD O'CONNOR TRUSTEE 1.00 X 0 0 0 DAVID RHODES TRUSTEE 1.00 X 0 0 0 JANET E ROCHE TRUSTEE 1.00 X 0 0 0 KAREN TEMKIN TRUSTEE 1.00 X 0 0 0 KYLE MCNULTY TRUSTEE 1.00 X 0 0 0 JOSETTE HOLLAND TRUSTEE 1.00 X 0 0 0 CHRIS CHENEY HEAD OF SCHOOL 40.00 X 215000 0 27117 ANDREW MAY CFO 40.00 X 125997 0 24291 MATTHEW CRANE ASST HEAD FOR ADVANCEMENT 40.00 X 101580 0 21631 MEADOW DAVIS ASSOCIATE HEAD OF SCHOOL 40.00 X 129816 0 23671 572393 0 96710 4 0 1 0 SAGE DINING SERVICES INC 1402 YORK RD STE 100 LUTHERVILLE MD 21093 FOOD SERVICES 955103 O'SULLIVAN FLOORING CO INC PO BOX 36 139A SAGAMORE STREET QUINCY MA 02171 CONSTRUCTION 189501 NEW BEGINNINGS FLOORING & HOME DECORATOR 390 WESTERN AVE SUITE 1 AUGUSTA ME 04330 CONSTRUCTION 128537 PIERCE ATWOOD ATTORNEYS MERRILLS WHARF 254 COMMERCIAL ST PORTLAND ME 04101 LEGAL 107790 4 891875 60267 891875 TUITION & FEES 611600 11286776 11286776 OTHER REVENUE 611600 41594 41594 11328370 47656 47656 76346 8773 254785 133434 -178439 -124661 -303100 -93148 -127799 -82153 1891180 1525828 365352 365352 365352 6365 3442 2923 2923 158090 157184 906 906 12333982 11235222 -127799 334684 3264140 3264140 1057050 1057050 427014 161789 211295 53930 4147129 2840071 1059969 247089 176162 119812 46086 10264 921770 615105 249160 57505 336353 219441 95221 21691 199480 199480 21644 21644 51012 48490 2522 577026 577026 158395 15335 128307 14753 471961 471961 1470429 1470429 123191 56116 67075 CONTRACTURAL SERVICES 948023 899525 48498 MAINT, SUPPLIES, & EQUI 583008 522409 44963 15636 OTHER EXPENSES 436833 358 433337 3138 PROVISION FOR BAD DEBTS 79870 79870 139883 138883 1000 15590373 10487060 4676785 426528 2458176 1561214 425498 0 187912 92922 36993 33081 19090 36778 148003 101979 51465422 25274708 26952537 26190714 26169172 25044754 673773 671202 57071154 53732644 381711 312200 2048110 1232949 597813 597813 11880655 11285378 1114992 2849967 16023281 16278307 X 29575057 27014043 11472816 10440294 41047873 37454337 57071154 53732644 X -3256391 335688 -672833 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26169172 49500 814418 348611 1574004 65721 25044754 26419142 2421621 406478 2197163 67950 26169172 24760199 98551 2577773 239273 736069 42039 26419142 22947087 78082 3488961 158773 1529814 65344 24760199 24580692 109269 36769 141064 1500086 64955 23020625 0.67500 0.17540 0.14960 1 0 74330 74330 46497812 21302585 25195227 4839788 3972123 867665 53492 53492 26190714 INTEREST RATE SWAPS 1777631 LAIBILITY UNDER UNITRUST AGREEMENT 9836 REFUNDABLE ADVANCE 1062500 2849967 8221050 335688 545403 881091 7339959 4994023 4994023 12333982 11814586 545403 545403 11269183 4321190 4321190 15590373 PART V, LINE 4: ENDOWMENT IS USED TO SUPPORT FACILITIES, CAPITAL PROJECTS, TO PROVIDE SCHOLARSHIPS, AND TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 157,184. RENTAL EXPENSES 388,219. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 672,833. FINANCIAL AID 4,321,190. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 157,184. RENTAL EXPENSES 388,219. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,321,190. 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 HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS. 1 0 0 0 0 0 0 0 0 0 STUDENT FINANCIAL AID EUROPE 6 195550 SCHOLARSHIP FMV STUDENT FINANCIAL AID NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 17 753100 SCHOLARSHIP FMV STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 4 31500 SCHOLARSHIP FMV STUDENT FINANCIAL AID SOUTH AMERICA 1 26950 SCHOLARSHIP FMV STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 1 49950 SCHOLARSHIP FMV 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID AND GRANTS SCHOLARSHIPS TO ELIGIBLE STUDENTS AND MAINTAINS RECORDS AS PART OF THE ENROLLMENT PROCESS. PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL AID 125 3264140 FMV SCHOLARSHIPS PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID AND GRANTS SCHOLARSHIPS TO ELIGIBLE STUDENTS AND MAINTAINS RECORDS AS PART OF THE ENROLLMENT PROCESS. X 1 1 X X 0 0 0 0 0 0 0 0 0 CHRIS CHENEY HEAD OF SCHOOL 215000 0 0 0 0 0 4927 0 22190 0 242117 0 0 0 ANDREW MAY CFO 125997 0 0 0 0 0 6516 0 17775 0 150288 0 0 0 MEADOW DAVIS ASSOCIATE HEAD OF SCHOOL 129816 0 0 0 0 0 5625 0 18046 0 153487 0 0 0 THEODORE ALFOND VICE PRESIDENT TO ASSIST IN CASH FLOW X 1000000 597813 0 1 0 597813 X 6085 FMV DATE OF DONATION X 4 54182 FMV DATE OF DONATION 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ALANE O'CONNOR (TRUSTEE) AND RICHARD O'CONNOR (TRUSTEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CHIEF FINANCIAL OFFICER, CONTROLLER AND THE AUDIT COMMITTEE AND THEN IS AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL PROVIDES TRUSTEES THE CONFLICT OF INTEREST POLICY AT A BOARD MEETING TO COMPLETE AND RETURN ON AN ANNUAL BASIS AND THE SCHOOL REVIEWS FOR ANY QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL'S HEAD OF SCHOOL COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR AND THE SCHOOL WILL PROVIDE A COPY OF THE 990 UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -672,833. MAINE WESLEYAN BOARD OF EDUCATION 39A PLEASANT ST TOPSHAM ME 04086 237275366 TRUST ME KENTS HILL SCHOOL T 40146 1146646 1.00000 1 WILLIAM FARWELL TRUST 127 PUBLIC SQAURE CLEVELAND OH 44114 016010161 TRUST OH KENTS HILL SCHOOL T 41766 933683 0.66660 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MAINE WESLEYAN BOARD OF EDUCATION S 40146 BOOKS WILLIAM FARWELL TRUST S 41766 BOOKS