2020-02-03T14:53:36-06:00 2019-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2018-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 James L Bisesti Business Manager 2079662100 2020-01-29 1 Barbara J McGuan CPA P00219457 2077752387 2020-01-29 69.49.157.66 2020-01-29 18:47:44 ES P C86B3C3384E7B30FA9F9EB149CE7FBCC333204C6 8B04EC08AF02322EA9ED1307B74D8AF8BDCA5114 2018 2020-09-23 17:36:50Z Dan Marchetti PO Box 309 Hebron ME 04238 23897720 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 16 128 94 0 0 5058510 1640447 13086314 13034138 2145607 1228822 19466 20034 20309897 15923441 4870525 5011390 0 0 5647825 6065633 0 0 726170 6112211 5996716 16630561 17073739 3679336 -1150298 54668570 56077529 15817520 16817027 38851050 39260502 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 12389481 5011390 13034138 Secondary and Middle School Education 12389481 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 28 0 1 128 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 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 Paul S Goodof Chair 5.00 X X 0 0 0 J Matthew Lyness Vice Chair 5.00 X X 0 0 0 Clement S Dwyer Jr Treasurer 5.00 X X 0 0 0 Wallace Higgins Secretary 5.00 X X 0 0 0 David S Prout Assistant Treasurer 5.00 X X 0 0 0 Richard Bennett Board Member 5.00 X 0 0 0 Devon Biondi Board Member 5.00 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 Heather C Stephens Board Member 5.00 X 0 0 0 Meredith Strang Burgess Board Member 5.00 X 0 0 0 Robert E Waite 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 Debra B Bloomingdale Past Secretary 5.00 X X 0 0 0 Dan Marchetti Head of School 40.00 X 203441 0 43816 James Bisesti CFO and Business Manager 40.00 X 133148 0 24443 Patricia Layman Director of Development 40.00 X 126277 0 34417 Joseph Hemmings Assistant Head of School for Admissions and Market 40.00 X 100110 0 38471 562976 0 141147 4 0 1 0 Sage Dining Services 1402 York Rd Lutherville MD 21093 Food Services 1333345 Hebert Construction 9 Gould Rd Lewiston ME 04240 Construction 912977 Net Sports Group 15 Lund Road Saco ME 04072 Turf Field Contractor 704347 SMRT Inc PO Box 618 Portland ME 04104 Architect 114297 4 1640447 137303 1640447 Tuition and Fees 611600 12699838 12699838 Student Center 611710 200972 200972 Other Services and Fees 611710 95254 95254 Special Assessments 611710 38074 38074 13034138 601975 601975 20034 0 20034 20034 20034 8596626 4500 7974279 0 622347 4500 626847 626847 15923441 13034138 0 1248856 5011390 5011390 404847 77573 249701 77573 4144306 2484079 1302046 358181 270586 150093 102884 17609 916677 493861 362100 60716 329217 172368 132798 24051 18966 18966 81795 81795 313390 68796 235971 8623 139303 94528 44775 278441 20233 180213 77995 1182754 763245 413932 5577 301297 51729 214840 34728 422854 365855 53108 3891 1232380 1133128 87642 11610 138029 6501 131528 Food Service 1025089 1025089 Student Activities & Su 480792 480792 Miscellaneous 320153 84749 234563 841 Bad Debt 61473 61473 17073739 12389481 3958088 726170 X 1225063 686910 3575913 3115158 10129166 8892287 130881 95165 42436 46033 223561 135990 35285965 14059037 18754345 21226928 16478236 18079460 1592487 1592614 2516482 2206984 54668570 56077529 572583 751925 3854576 4480846 10591382 11144016 313136 200000 149584 0 336259 240240 15817520 16817027 X 7644541 8781626 10690774 9626663 20515735 20852213 38851050 39260502 54668570 56077529 X -1150298 944227 615523 X 0 1 X 1 0 X 3141908 4784966 5528650 5058510 1640447 20154481 3141908 4784966 5528650 5058510 1640447 20154481 7092692 13061789 441543 355138 431727 536904 622009 2387321 197422 197422 22739224 66638662 0.57440 0.56470 X Schedule A, Part II, Line 10, Explanation of Other Income: Casualty Gain - 2014 Amount: $ 110,600. Insurance Proceeds - 2014 Amount: $ 86,822. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 19556405 1546098 2086754 862551 22326706 17739852 1251385 2029792 1464624 19556405 13100107 3439573 1790308 590136 17739852 10865101 2415791 241447 422232 13100107 8655158 2100134 418812 309003 10865101 0.06380 0.73120 0.20500 0 0 611081 611081 30699883 11131824 19568059 3975001 2927213 1047788 21226928 Funds Held For Others 84879 Deferred Vendor Rebate 155361 240240 12380339 944227 709431 1653658 10726681 81795 5114965 5196760 15923441 11970887 0 11970887 81795 5021057 5102852 17073739 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 Pledge Discounting and Allowance For Pledges 709,431. Part XI, Line 4b - Other Adjustments: Financial Aid 5,011,390. Change In Value of Split-Interest liability 93,908. Bad Debt Expenses 9,667. Part XII, Line 4b - Other Adjustments: Financial Aid 5,011,390. Bad Debt Expenses 9,667. 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 180 5011390 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 Dan Marchetti Head of School 202054 0 0 0 1387 0 10172 0 33644 0 247257 0 0 0 James Bisesti CFO and Business Manager 132836 0 0 0 312 0 13315 0 11128 0 157591 0 0 0 Patricia Layman Director of Development 125965 0 0 0 312 0 8839 0 25578 0 160694 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 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 Snow Squall LLC Entity more than 35% owned by Clement Dwyer, Treasurer Vehicle Purchase X 32645 0 0 1 1 Snow Squall LLC Entity more than 35% owned by Clement Dwyer, Treasurer Building Improvements X 300000 200000 0 1 0 200000 Courtney P Marchetti Family Member of the Headmaster Daniel Marchetti. 15705 Employed by Hebron Academy. 0 X Turf Field 1 123215 FMV X Travel Expenses 1 9088 FMV X Sauna 1 5000 FMV 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 -93,908. Change in Pledge Discounting and Allowance for Pledges 709,431.