2020-02-10T15:03:53-06:00 2019-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2018-07-01 010246278 FOXCROFT ACADEMY TRUSTEES OF FOXC 2075648351 975 WEST MAIN STREET DOVERFOXCROFT ME 04426 DANIEL N WHITE CFO 2075648351 2020-02-10 1 JAMES N GODFREY CPA P00913422 6036530044 2020-02-08 216.107.201.226 2020-02-10 08:52:25 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7E797A795B2BB7BC55F5A79F99305C6DABDD9FB5 2018 2020-11-19 02:30:22Z RICHARD SWETT 157 DAWES RD DOVERFOXCROFT ME 04426 14028655 0 X WWW.FOXCROFTACADEMY.ORG X 1823 ME SECONDARY EDUCATION 19 19 147 20 0 0 498995 3655145 8552403 8813107 468819 455157 566734 369569 10086951 13292978 725416 1427213 0 0 5137885 5422116 0 0 195857 4194210 3803313 10057511 10652642 29440 2640336 27181891 29177325 14351246 13903450 12830645 15273875 X FOXCROFT ACADEMY IS AN INDEPENDENT HIGH SCHOOL FOUNDED IN 1823 ON THE PRINCIPLE THAT KNOWLEDGE IS POWER. FOXCROFT ACADEMY IS COMMITTED TO PROVIDING STUDENTS FROM CENTRAL MAINE AND BEYOND A RIGOROUS COLLEGE AND CAREER PREPARATORY ACADEMIC CURRICULUM DESIGNED TO PRODUCE INFORMED AND ACTIVE GLOBAL CITIZENS. FOXCROFT ACADEMY WILL FURNISH ALL STUDENTS WITH THE UNDERLYING SKILLS NEEDED FOR POST-SECONDARY SUCCESS WHILE EMBRACING ITS SAFE COMMUNITY AND NATURAL ENVIRONMENT. 0 0 7811714 1427213 9182676 THE TRUSTEES OF FOXCROFT ACADEMY OPERATE A PRIVATE SECONDARY SCHOOL WHICH CONTRACTS TO PROVIDE COMPREHENSIVE SECONDARY EDUCATION TO ALL STUDENTS IN RURAL SCHOOL UNIT (RSU) #68, OTHER LOCAL COMMUNITIES WITH NO SECONDARY SCHOOL AND SOME PRIVATE INDIVIDUALS, INCLUDING BOARDING STUDENTS. CO-CURRICULAR PROGRAMS FORM AN INTEGRAL PART OF THAT EDUCATION. TOTAL STUDENT POPULATION FOR FY 19 WAS 427. 7811714 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 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 0 0 0 0 0 0 0 0 0 1 33 0 1 147 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X DANIEL N WHITE 2075648351 FOXCROFT ACADEMY DOVERFOXCROFT ME 04426 ETHAN ANNIS VICE PRESIDENT 1.00 X X 0 0 0 DR HILLARY CARUSO TRUSTEE 1.00 X 0 0 0 PETER CULLEY TRUSTEE 1.00 X 0 0 0 JASON FREDERICK TRUSTEE 1.00 X 0 0 0 KRISTEN GURALL TRUSTEE 1.00 X 0 0 0 KENNETH HEWS TREASURER 1.00 X X 0 0 0 NORMAN HIGGINS TRUSTEE 1.00 X 0 0 0 KELLY KEENAN TRUSTEE 1.00 X 0 0 0 LAURIE LACHANCE TRUSTEE 1.00 X 0 0 0 THOMAS LIZOTTE TRUSTEE 1.00 X 0 0 0 RAYMOND POULIN TRUSTEE 1.00 X 0 0 0 JOHN SIMKO TRUSTEE 1.00 X 0 0 0 RICHARD SWETT MD PRESIDENT 1.00 X X 0 0 0 DAN WANG TRUSTEE 1.00 X 0 0 0 JOHN WENTWORTH SECRETARY 1.00 X X 0 0 0 KIRSTEN WHITE TRUSTEE 1.00 X 0 0 0 KAREN POMEROY TRUSTEE 1.00 X 0 0 0 JESSICA KLEIN TRUSTEE 1.00 X 0 0 0 JACK CLUKEY TRUSTEE 1.00 X 0 0 0 ARNOLD SHOREY HEAD OF SCHOOL 40.00 X 208132 0 31680 DANIEL WHITE CFO 40.00 X 136550 0 35329 CHRISTOPHER MCGARY ADMISSIONS DIRECTOR 40.00 X 108009 0 36755 452691 0 103764 3 0 1 0 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 191824885 CAPITAL CAMPAIGN SERVICES 178627 ROWELLS TRANSPORTATION LLC PO BOX 129 DOVERFOXCROFT ME 04426 TRANSPORTATION: STUDENTS 130762 2 3655145 3655145 TUITION 611710 5263986 5263986 PROGRAM SUPPORT 611710 3233963 3233963 LUNCH PROGRAM 611710 281520 281520 SUMMER PROGRAM 611710 33638 33638 8813107 373001 373001 817833 735677 82156 82156 82156 BENEFICIARY INCOME 900099 369569 369569 369569 13292978 9182676 0 455157 1427213 1427213 401669 401669 3596348 2932994 541845 121509 152201 130024 19898 2279 1271898 428991 823530 19377 24881 24881 16025 16025 69938 69938 521661 285202 227645 8814 139348 639 137806 903 156097 123278 25517 7302 493313 444163 48280 870 133540 128518 5022 361385 357060 4325 811969 802251 9718 FOOD EXPENSES 370372 334582 35790 STUDENT ACTIVITIES 261916 133764 128152 OTHER EDUCATIONAL EXPEN 80913 41380 32401 7132 FURNITURE & EQUIP 73864 70061 2803 1000 288091 171594 89826 26671 10652642 7811714 2645071 195857 441171 114984 366240 2597213 39670 1039153 27537 92374 15548 15753 104693 76689 21796209 8663640 13814241 13132569 12224328 12108590 148463 27181891 29177325 933343 798173 867557 428363 12393436 11961284 156910 379986 0 335644 14351246 13903450 X 8848506 8089364 1618335 4799021 2363804 2385490 12830645 15273875 27181891 29177325 X 2640336 287000 -484106 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4375927 21686 96668 56699 116689 6487 4314406 4529748 19632 2774 163945 12282 4375927 4209333 36697 453916 75420 84350 10428 4529748 4310078 23438 37492 86502 65231 9942 4209333 4385062 7275 91866 80970 83165 9990 4310078 0.27500 0.55290 0.17210 1 0 198184 198184 17946964 5831098 12115866 2101733 1639773 461960 1326411 991602 334809 222917 201167 21750 13132569 INTEREST RATE SWAP 335644 335644 X 11598721 287000 287000 11311721 69938 1911319 1981257 13292978 9155491 0 9155491 69938 1427213 1497151 10652642 PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,427,213. INTEREST RATE SWAP 484,106. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,427,213. PART V, LINE 4 INTENDED USES OF THE ENDOWMENT FUND ENDOWMENT FUNDS ARE FOR THE OCCUPANCY AND OPERATION OF FOXCROFT ACADEMY. THE INCOME FROM SOME FUNDS IS RESTRICTED TO CAPITAL REPAIRS AND IMPROVEMENTS OR FOR THE RELATED DEBT SERVICE. THE INCOME FROM CERTAIN FUNDS IS RESTRICTED TO POST-SECONDARY EDUCATION SCHOLARSHIPS FOR FOXCROFT ACADEMY GRADUATES OR FOR FOXCROFT ACADEMY STUDENTS/FACULTY TO EXPERIENCE EDUCATIONAL OPPORTUNITES OUTSIDE OF FOXCROFT ACADEMY. THE INCOME FROM LIMITED FUNDS IS RESTRICTED TO DEFRAY TUITION COSTS FOR ACADEMY STUDENTS FROM OUTSIDE THE PUBLIC SENDING UNIT AREA. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 FOXCROFT ACADEMY CONTRACTS WITH RSU #68 TO PROVIDE SECONDARY EDUCATION REGARDLESS OF RACE, RELIGION, GENDER, NATIONAL ORIGIN OR SEXUAL ORIENTATION. THE SCHOOL ALSO ACCEPTS BOARDING STUDENTS WITHOUT REGARD TO RACE, RELIGION, GENDER, NATIONAL ORIGIN OR SEXUAL ORIENTATION. THIS NON-DISCRIMINATION POLICY IS PUBLISHED IN THE STUDENT AND FACULTY HANDBOOKS, GUIDANCE CURRICULUM HANDBOOK, AND THE MAINE ASSOCIATION OF INDEPENDENT SCHOOLS. 1 FINANCIAL AID 52 1427213 FMV FINANCIAL AID PART I, LINE 2: FINANCIAL ASSISTANCE IS NEED BASED AND APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. PART III THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE OF FOXCROFT ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ARNOLD SHOREY HEAD OF SCHOOL 184766 0 4500 0 18866 0 12986 0 18694 0 239812 0 0 0 DANIEL WHITE CFO 126817 0 0 0 9733 0 2617 0 32712 0 171879 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED AS PART OF EMPLOYMENT AND IN ACCORDANCE WITH CONTRACT. PART I, LINE 3 SALARIES ARE IN COMPARABLE RANGE WITH DATA FROM ISANNE AND NAIS. A FINANCE AUTHORITY OF MAINE 010392006 2015-06-29 14430000 TO RESTRUCTURE EXISTING DIRECT PAY LETTER AND REFINANCE EXISTING BOND/NOTE. 0 0 0 A 14430000 35467 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL PROVIDES A 990 DRAFT TO THE PRESIDENT, TREASURER, AND HEAD OF SCHOOL FOR REVIEW AND SIGN-OFF BEFORE THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL WRITTEN DISCLOSURES OF CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE IN COMPARABLE RANGE WITH DATA FROM ISANNE AND NAIS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT -484,106.