2018-01-25T14:11:31-06:00 2017-06-30 020476956 Tyler Simms & St Sauveur CPAs PC 19 Morgan Drive Lebanon NH 03766 990 2016-07-01 010223755 Berwick academy BERW 2073842164 31 academy street south berwick ME 03908 jonathan douglas Chief Financial Officer 2073842164 2018-01-10 1 W Jay Simms P00435321 6036530044 2018-01-09 75.150.94.18 2018-01-10 10:04:02 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E65BB1AEDDA5B8DBB8758FFB81D4415164998A82 2016 2021-01-29 14:40:06Z jonathan douglas 31 academy street south berwick ME 03908 23094031 0 X berwickacademy.org X 1791 ME to promote "virtue and useful knowledge among the rising generations." for over 200 years, the berwick academy has pursued its mission through a classical education of the whole person. we prepare students to prosper academically in college and to enjoy an enduring commitment to the life of the mind. we teach the creative process of the arts emphasizing performance and exhibition. we promote athletic and physical development within an ethic of sportsmanship. we nurture strength of character, individual responsibility, and a commitment to the common good. berwick students, teachers and families comprise a community of learners that instills the ethic of personal excellence. the academy is one school with three divisions each designed to broaden and deepen the foundations of virtue and knowledge for the continuing development of each student's potential. 26 25 243 150 882 0 1322977 1554128 17976117 19252992 521954 -496484 32909 247101 19853957 20557737 4991096 5424696 0 0 10094827 10362874 0 0 811501 5257832 5857893 20343755 21645463 -489798 -1087726 40698864 42820016 11198910 12172023 29499954 30647993 X to promote "virtue and useful knowledge among the rising generations." for over 200 years, the academy has pursued its mission through a classical education of the whole person. we prepare students to prosper academically in college and to enjoy an enduring commitment to the life of the mind. we teach the creative process of the arts emphasizing performance and exhibition. we promote athletic and physical development within an ethic of sportsmanship. we nurture strength of character, individual responsibility, and a commitment to the common good. berwick students, teachers and families comprise a community of learners that instills the ethic of personal excellence. the academy is one school with three divisions each designed to broaden and deepen the foundations of virtue and knowledge for the continuing development of each student's potential. 0 0 17162204 5424696 19252992 INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 589 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINe, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. 17162204 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 103 1 1 243 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X Jonathan Douglas 2073842164 31 academy street south berwick ME 03908 Matthew R Friel president 1.00 X X 0 0 0 Lucas M Merrow vice president 1.00 X X 0 0 0 Robert J Hoy treasurer 1.00 X X 0 0 0 Eric S Katz secretary 1.00 X X 0 0 0 Talal Al-Shair trustee 1.00 X 0 0 0 lisa goulemas trustee 1.00 X 0 0 0 MARY DEMPSEY TRUstee 1.00 X 0 0 0 james jalbert trustee 1.00 X 0 0 0 jamie james trustee 1.00 X 0 0 0 kennett kendall jr trustee 1.00 X 0 0 0 james lawson trustee 1.00 X 0 0 0 holly a malloy trustee 1.00 X 0 0 0 susan noerdlinger trustee 1.00 X 0 0 0 barabara o'connor trustee 1.00 X 0 0 0 greg raiff trustee 1.00 X 0 0 0 paula reid trustee 1.00 X 0 0 0 bob richard trustee 1.00 X 0 0 0 michael j schafer trustee 1.00 X 0 0 0 gregory j schneider head of school 50.00 X X 342105 0 112409 malcolm e smith III trustee 1.00 X 0 0 0 patrick spearman trustee 1.00 X 0 0 0 mark h tay trustee 1.00 X 0 0 0 karen g walsh trustee 1.00 X 0 0 0 clare o'brien trustee 1.00 X 0 0 0 karen parker feld trustee 1.00 X 0 0 0 STEPHANIE KENDALL JAGGARS TRUStee 1.00 X 0 0 0 jonathan douglas CFO 40.00 X 148226 0 56405 Ryan feeley assistant head of school 40.00 X 114892 0 109914 amy smucker assistant head of school 40.00 X 125371 0 14443 joel hawes director of lower school 40.00 X 109480 0 9443 840074 0 302614 5 0 1 0 Sage Dining Services Inc 1402 York Rd Suite 100 LUTHERVILLE MD 21093 food service 745256 sullivan construction inc 258 s river rd bedford NH 03110 CONSTRUCTION 612766 Student Transportation of America Inc 63 South St Suite 240 HOPKINTON MA 01748 BUS TRANSPORTATION 441465 BSC CLEANING SERVICES 170 John Roberts Rd Suite 5 SOUTH PORTLAND ME 04106 custodial/janitorial 241891 stogen's service experts 113 milton rd rochester NH 03868 HVAC services 105711 5 5440 1548688 98637 1554128 Tuition 611710 18217219 18217219 Program support 611710 916843 916843 Other program revenue 611710 69290 69290 summer programs 611710 49640 49640 19252992 324245 882 323363 34827 0 34827 34827 34827 1632199 2452928 -820729 -820729 -820729 254819 5440 54032 200787 200787 12800 12180 620 620 28021 17154 10867 10867 20557737 19252992 882 -250265 5424696 5424696 555369 277683 94733 182953 7599031 5725290 1670219 203522 499860 375168 109445 15247 1708614 1266485 369044 73085 89263 89263 54697 54697 7932 7932 21253 21253 26618 535 26083 69368 69368 240809 240809 418584 293009 83717 41858 106638 63931 32588 10119 223930 223930 1061512 743059 212302 106151 158158 158158 general instructional 1397039 1216235 180804 plant expenses 705976 494183 141195 70598 food services 614148 614148 Supplies 242500 83678 66883 91939 419468 343295 60144 16029 21645463 17162204 3671758 811501 907589 1172458 1939176 1596319 118877 185559 100000 38271 39838 388226 165225 37415585 16810911 19776118 20604674 17364419 18955943 166188 0 40698864 42820016 1161102 1324422 1917100 2200604 7087370 7655727 767720 723345 265618 267925 11198910 12172023 X 13091723 13130730 6049850 6618641 10358381 10898622 29499954 30647993 40698864 42820016 X -1087726 2344984 -109219 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15173254 610708 1649757 700000 16733719 16599392 243102 -669240 1000000 15173254 16971178 418408 -390194 400000 16599392 17089413 -918856 1759604 958983 16971178 16584902 338503 455304 289296 17089413 0.25950 0.61800 0.12250 0 0 439630 439630 30390994 12796394 17594600 3272809 1485903 1786906 1974267 1572460 401807 1337885 956154 381731 20604674 liability for split-interest agreement 169170 deferred compensation 98755 267925 X 17439442 2344984 -5455347 -3110363 20549805 7932 7932 20557737 16291403 78568 78568 16212835 7932 5424696 5432628 21645463 Part V, Line 4: THE PURPOSE OF THIS FUND IS TO GENERATE INCOME TO BE USED TO PROVIDE ANNUAL SCHOLARSHIPS, AWARDS, AND PRIZES TO STUDENTS OF THE ACADEMY AS WELL AS TO PROVIDE SUPPORT FOR GENERAL OPERATIONS OF THE ACADEMY. Part X, Line 2: TThe Academy qualifies as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code, except with regard to unrelated business income, which is taxed at corporate income tax rates. 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 2013. Part XI, Line 2d - Other Adjustments: financial aid -5,424,696. Cost of goods sold 17,154. Provision for pledges -4,800. LOSS ON BOND ISSUANCE COSTS -109,217. FUNDRAISING AND GAMING EXPENSES 66,212. Part XII, Line 2d - Other Adjustments: Cost of goods Sold 17,154. provision for pledges -4,800. FUNDRAISING AND GAMING EXPENSES 66,212. rounding 2. Part XII, Line 4b - Other Adjustments: financial aid 5,424,696. 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'S RACIAL NONDISCRIMINATION POLICY IS PUBLISHED IN ITS CATALOGS, BROCHURES AND THE BOSTON GLOBE. BPC Community Benefit 231236 5440 225796 38780 Bulldog golf classic 29023 29023 15252 260259 5440 254819 54032 54032 200787 1 FINANCIAL AID 290 5424696 FMV FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF TUITION REDUCTION. Part I, Line 2: Names and addresses of the financial aid recipients are maintained at the school. The amount of financial aid awarded is credited to each recipient's account and the net amount due to the school is then billed to the student. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 gregory j schneider head of school 342105 0 0 0 0 0 37187 0 75222 0 454514 0 0 0 jonathan douglas CFO 148226 0 0 0 0 0 8862 0 47543 0 204631 0 0 0 Ryan feeley assistant head of school 114892 0 0 0 0 0 6839 0 103075 0 224806 0 0 0 Part I, Line 1a HOUSING IS PROVIDED TO SOME TEACHING STAFF AND TO THE HEAD OF SCHOOL ON THE BUSINESS PREMISES FOR THE CONVENIENCE OF THE ACADEMY. IT IS SPECIFIED IN THE EMPLOYMENT CONTRACT AND PURSUANT TO EMPLOYMENT. Part I, Line 4b The Academy contributed $18,000 to a 457(f) eligible deferred compensation plan for Gregory Schneider. A finance authority of maine 010392006 2017-04-26 9500000 REFUND PRIOR ISSUE OF BONDS AND FINANCE ADDITIONAL PROPERTY IMPROVEMENTS 0 0 0 A 9500000 72633 7727929 1772071 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 Gregory Schneider head of school Loan provided as part of retention package of key executive. X 100000 100000 0 1 1 100000 eastern propane & oil former board president 139693 propane & oil services 0 C&J bUS LINES OWNED BY CURRENT TRUSTEE 22939 TRANSPORTATION SERVICES 0 X 9 87234 fair market value X landscaping 1 11403 fair market value 0 1 1 Part I, Line 30b: berwick academy uses people's wealth managagment to process and sell stock gifts. Form 990, Part VI, Section B, line 11b THE CONTROLLER PREPARES RAW MATERIALS FOR THE INDEPENDENT ACCOUNTING FIRM FOLLOWING THE ANNUAL AUDIT FIELDWORK. AFTER PREPARATION OF THE 990, THE INDEPENDENT ACCOUNTING FIRM PROVIDES A COPY TO THE CFO. THE CFO THEN PROVIDES THE AUDIT COMMITTEE WITH A DRAFT COPY OF THE 990 TO REVIEW INDIVIDUALLY PRIOR TO VOTE. THE AUDIT COMMITTE VOTES TO APPROVE THE FORM 990 AS DRAFTED ON BEHALF OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REPORTS TO BOTH THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. Form 990, Part VI, Section B, line 12c NEW BOARD MEMBERS ARE EDUCATED BY THE COMMITTEE THROUGH THE ORIENTATION PROCESS. ANNUALLY THE BOARD MEMBER DISCLOSURE AND POLICY IS REVIEWED AND SIGNED BY EACH MEMBER AT THE FIRST BOARD MEETING. THE COMMITTEE ON TRUSTEES IS MADE AWARE OF ANY ISSUES. MANAGEMENT MONITORS ANY DISCLOSURES AND KEEPS A WATCH OUT FOR ANY CONFLICTS OF INTEREST. AT THIS TIME, NO CONFLICTS OF INTEREST HAVE BEEN SELF-IDENTIFIED NOR IDENTIFIED BY THE COMMITTEE ON TRUSTEES OR MANAGEMENT. Form 990, Part VI, Section B, line 15 THE BOARD OF TRUSTEES HAS AN AD HOC COMPENSATION COMMITTEE WHICH REVIEWS AND RESEARCHES THE HEAD OF SCHOOL'S COMPENSATION ON AN ONGOING BASIS. THE HEAD OF SCHOOL, AND THE CFO REVIEW AND RESEARCH MANAGEMENT COMPENSATION. THE HEAD OF SCHOOL AND THE CFO PARTICIPATE IN A VARIETY OF BENCHMARKING ORGANIZATION AND REVIEW COMPENSATION ON AN ONGOING BASIS. Form 990, Part VI, Section C, line 19 THE ANNUAL DISCLOSURES AND FINANCIAL STATEMENTS ARE PROVIDED ANNUALLY TO THE RATING DISSEMINATION AGENT. PUBLIC INSPECTION COPIES OF THE 990, THE FINANCIAL STATEMENTS, DISCLOSURE STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE IN THE CFO'S OFFICE FROM 8:00AM TO 4:30PM, MONDAY THROUGH FRIDAY BY APPOINTMENT. Form 990, Part XI, line 9: rounding -2. LOSS ON BOND ISSUANCE COSTS -109,217. FORM 990, PARTXII, LINE 2C: AUDIT PROCESS OVERSIGNT : THE PROCESS HAS NOT CHANGED.