2021-05-17T09:05:56-05:00 2020-06-30 010523282 Berry Dunn McNeil & Parker LLC PO BOX 1100 Portland ME 041011100 990 2019-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 James L Bisesti Business Manager 2079662100 2021-05-17 1 Melissa Magoon CPA P01712842 2077752387 2021-05-17 2019 2022-09-23 18:48:47Z Dan Marchetti PO Box 309 Hebron ME 04238 20322649 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. 15 15 135 45 0 0 1640447 2115055 13034138 14041437 1228822 1136824 20034 20362 15923441 17313678 5011390 4982240 0 0 6065633 5665922 0 0 671750 5996716 5945317 17073739 16593479 -1150298 720199 56077529 55359698 16817027 15258642 39260502 40101056 X 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 1 11734947 4982240 14041437 Secondary and Middle School Education 11734947 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 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 22 0 1 135 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X James L Bisesti 2079662100 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 Wallace Higgins Secretary 5.00 X X 0 0 0 Felica W Coney Board Member 5.00 X 0 0 0 Wende Fox Lawson Board Member 5.00 X 0 0 0 Matthew W Johnson Board Member 5.00 X 0 0 0 Robert J Ryan Esq Board Member 5.00 X 0 0 0 William Becker Board Member 5.00 X 0 0 0 Dr Robert Greaves Board Member 5.00 X 0 0 0 Barrett Mitchell Board Member 5.00 X 0 0 0 Jamie Fey Board Member 5.00 X 0 0 0 Garvn Warner Board Member 5.00 X 0 0 0 Jane Harris Ash Board Member 5.00 X 0 0 0 Dan Marchetti Head of School 40.00 X 209436 0 22964 James Bisesti CFO and Business Manager 40.00 X 146544 0 16826 Patricia Layman Director of Advancement 40.00 X 127892 0 10732 483872 0 50522 3 0 1 0 Sage Dining Services 1402 York Rd Lutherville MD 21093 Food Services 912161 Hebert Construction 9 Gould Rd Lewiston ME 04240 Construction 232073 2 2115055 191546 2115055 Tuition and Fees 611600 13711510 13711510 Other Services and Fees 611710 170046 170046 Student Center 611710 126366 126366 Special Assessments 611710 33515 33515 14041437 483147 483147 20362 0 20362 20362 20362 3662648 3008971 653677 653677 653677 17313678 14041437 0 1157186 4982240 4982240 395768 101128 193512 101128 4042046 2293332 1430652 318062 281104 141912 118367 20825 598435 321198 225260 51977 348569 185242 130898 32429 22232 22232 92937 92937 475234 30022 441682 3530 124716 109023 15693 433369 121027 228697 83645 1174143 737025 431653 5465 274783 49607 203131 22045 484366 417978 61943 4445 1388077 1203479 172240 12358 125783 3099 122684 Food Service 785788 785788 Student Activities & Su 285841 285841 Miscellaneous 181733 76029 105556 148 Bad Debt 96315 96315 16593479 11734947 4186782 671750 X 686910 765672 3115158 2817087 8892287 6770501 95165 95868 46033 49520 135990 113901 35569337 15447114 21226928 20122223 18079460 20732144 1592614 1592849 2206984 2299933 56077529 55359698 751925 560220 4480846 2189494 11144016 11165599 200000 0 240240 1343329 16817027 15258642 X 8781626 9843130 30478876 30257926 39260502 40101056 56077529 55359698 X 720199 -141331 261686 X 0 1 X 1 0 X 4784966 5528650 5058510 1640447 2115055 19127628 4784966 5528650 5058510 1640447 2115055 19127628 6361693 12765935 355138 431727 536904 622009 503509 2449287 21576915 67275234 0.59160 0.57440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 22326706 1252968 847882 800578 23626978 19556405 1546098 2086754 862551 22326706 17739852 1251385 2029792 1464624 19556405 13100107 3439573 1790308 590136 17739852 10865101 2415791 241447 422232 13100107 0.05710 0.74400 0.19890 0 0 623581 623581 30762873 12213809 18549064 4182883 3233305 949578 20122223 Funds Held For Others 174035 Deferred Vendor Rebate 139694 CARES Act Funding 1029600 1343329 12358826 -141331 261686 120355 12238471 92937 4982270 5075207 17313678 11518272 0 11518272 92937 4982270 5075207 16593479 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 89,932. Change in Pledge Discount and Allow for Pledges 171,754. Part XI, Line 4b - Other Adjustments: Financial Aid 4,982,240. Change In Value of Split-Interest liability Bad Debt Recovery 30. Part XII, Line 4b - Other Adjustments: Financial Aid 4,982,240. Bad Debt Recovery 30. 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 184 4982240 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 1 0 Dan Marchetti Head of School 209436 0 0 0 0 0 10472 0 12492 0 232400 0 0 0 James Bisesti CFO and Business Manager 136544 0 10000 0 0 0 13655 0 3171 0 163370 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 7 Bonuses are determined and approved by the board. A Finance Authority of Maine 010392006 2019-06-20 11500000 To refinance previous bond and construction loan 0 0 0 A 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 Snow Squall LLC Entity more than 35% owned by Clement Dwyer, Treasurer Building Improvements X 300000 0 0 1 0 Courtney P Marchetti Family Member of the Headmaster Daniel Marchetti. 46792 Employed by Hebron Academy.;ListTotal 15705 0 X 5 191546 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 III, line 3 The Academy moved to an all online platform in March of 2020 because of the pandemic. 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 89,932. Change in Pledge Discounting and Allowance for Pledges 171,754.