2017-02-14T12:01:16-05:00 2016-06-30 010493997 PFBFCPAS 46 FIRSTPARK DRIVE OAKLAND ME 049635362 990 2015-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 04349 ANDREW MAY CFO 2076854914 2017-02-14 true DANIELLE D MARTIN CPA P01265151 2078731603 2017-02-14 2015 2021-01-29 14:40:06Z ANDREW MAY PO BOX 257 KENTS HILL ME 043490257 14622569 false X WWW.KENTSHILL.ORG X 1824 ME 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. 27 26 144 -115341 -73233 6440878 2731741 11554948 11163373 562848 343721 -50082 -60042 18508592 14178793 2863900 2726360 0 5805298 5985502 0 571104 5680614 5423163 14349812 14135025 4158780 43768 60696729 60634284 21416266 21891770 39280463 38742514 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. false false 2726360 2726360 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED 7286074 11163373 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 225 BOARDING AND DAY STUDENTS 10012434 true true false false false false false false false true true false false false true true true false true false false false true false true false false false true true false false false true false false false false true false false false false false false false false true 35 0 144 true true true false false false false true true false false false false false X 27 26 false false false false false false false true true false false true true false true true true true false false ME X X ANDREW MAY 2076854914 1614 MAIN STREET KENTS HILL ME 043490257 EDWARD LANE PRESIDENT 1.00 X X 0 0 0 THEODORE ALFOND VICE-PRESIDE 1.00 X X 0 0 0 MARK ALCAIDE TREASURER/2N 1.00 X X 0 0 0 ERICKA PENCZER SECRETARY 40.00 X X 0 0 0 PARKER BEVERAGE TRUSTEE 1.00 X 0 0 0 TAYLOR BODMAN TRUSTEE 1.00 X 0 0 0 PAUL BRANDES TRUSTEE 1.00 X 0 0 0 WILLIAM BRENNAN TRUSTEE 1.00 X 0 0 0 NANCY COLHOUN TRUSTEE 1.00 X 0 0 0 THOMAS DIBENEDETTO TRUSTEE 1.00 X 0 0 0 GORDON FAY TRUSTEE 1.00 X 0 0 0 PATRICIA HATLER TRUSTEE 1.00 X 0 0 0 JOSETTE HUNTRESS HOLLAND TRUSTEE 1.00 X 0 0 0 JAWAD ISSA TRUSTEE 1.00 X 0 0 0 STEPHEN JENEY TRUSTEE 1.00 X 0 0 0 STEVE 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 ROCHE TRUSTEE 1.00 X 0 0 0 PARKER SOWLES TRUSTEE 1.00 X 0 0 0 CORNELIA SPRING TRUSTEE 1.00 X 0 0 0 KAREN TEMKIN TRUSTEE 1.00 X 0 0 0 JAMIE THORSEN TRUSTEE 1.00 X 0 0 0 ALEXANDER WALL TRUSTEE 1.00 X 0 0 0 GUY WILLIAMS TRUSTEE 1.00 X 0 0 0 PATRICK MCINERNEY HEAD OF SCHO 40.00 X 155773 0 24465 BARRY GATES CFO 20.00 X 70712 0 3570 ANDREW MAY CFO 40.00 X 56075 0 11349 282560 39384 1 false true false WARREN CONSTRUCTION PO BOX 362 SOUTH FREEPORT ME 04078 CONSTRUCTION 3885008 SAGE DINING SERVICES INC 222 BOSLEY AVE SUITE B7 TOWSON MD 21204 FOOD SERVICES 1003009 STEPHEN BLATT 5 SOUTH STREET PORTLAND ME 04101 ARCHITECT 255698 WINTHROP FUEL CO INC 111 ROUTE 133 WINTHROP ME 04364 OIL 214561 4 2731741 35000 2731741 TUITION INCOME 10792196 10792196 SUMMER PROGRAM INCOME 221461 221461 TRANSPORTATION FEES 62926 62926 INTERNATIONAL STUDENT FEE 37439 37439 APPLICATION FEES 17400 17400 31951 31951 11163373 343721 343721 148550 263891 -115341 -115341 -115341 49170 14546 34624 162612 165339 -2727 -2727 SUNDRY INCOME UNRESTRICTED 16328 16328 SUNDRY INCOME RESTRICTED 5665 5665 DISCOUNTS TAKEN 1149 1149 260 260 23402 14178793 11186775 -115341 340994 2265210 2265210 461150 461150 305633 231367 74266 4246502 2672531 1288690 285281 172738 111212 51579 9947 925291 559727 295166 70398 335338 205412 105484 24442 64955 64955 107780 107780 53387 53387 95163 73612 21551 602032 602032 285073 114442 105783 64848 510015 510015 1414784 1414784 49791 49791 CONTRACTUAL SERVICES 998880 948781 50099 MAINT, SUPPLIES & EQUIP 636088 568304 52538 15246 MISCELLANEOUS 297623 471 292027 5125 BAD DEBTS 219214 219214 88378 88378 14135025 10012434 3551487 571104 5750 6452 3760941 4725734 5381646 2020830 86434 161331 6796 4512 176257 243415 49057986 19645765 25536062 29412221 24580692 22947087 1162151 1112702 60696729 60634284 654136 1234540 3985876 4188418 972507 1137813 14735445 14139279 1068302 1191720 21416266 21891770 X 26295891 24915477 8874569 9615143 4110003 4211894 39280463 38742514 60696729 60634284 43768 -417772 -163945 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24580692 109269 -36769 -141064 -1500086 -64955 22947087 24926716 208636 1069928 -120484 -1454925 -49179 24580692 21324329 726118 3917801 -108814 -867051 -65667 24926716 19022553 505795 2922000 -93415 -972041 -60563 21324329 19838068 918240 96730 -87155 -1684979 -58351 19022553 0.70880 0.17110 0.12010 true false 141293 141293 40116311 16542783 23573528 1976854 1616320 360534 6823528 1486662 5336866 29412221 INTEREST RATE SWAP 1180517 DEFERRED GIFT ANNUITY 11203 LEASES PAYABLE 1191720 X 11234991 -417772 265285 -152487 11387478 2791315 2791315 14178793 11772940 429230 429230 11343710 2791315 2791315 14135025 SCHEDULE D, PAGE 3, PART X KENTS HILL SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II). EFFECTIVE JULY 1, 2009, THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48, AS CODIFIED BY ASC 740, INCOME TAXES). THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AS A RESULT, THERE WAS NO CUMULATIVE EFFECT RELATED TO ADOPTION AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. WHEN NECESSARY, THE SCHOOL ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. THE SCHOOL IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING JUNE 30, 2013 THROUGH 2016. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 165,339 RENTAL EXPENSES NETTED WITH REVENUES 232,201 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -163,945 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 31,690 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT FINANCIAL AID 2,726,360 INVESTMENT FEES NETTED WITH INCOME 64,955 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 165,339 RENTAL EXPENSES NETTED WITH REVENUES 232,201 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 31,690 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT FINANCIAL AID 2,726,360 INVESTMENT EXPENSES 64,955 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS. STUDENT FINANCIAL AID EUROPE 6 151050 SCHOLARSHIP STUDENT FINANCIAL AID NORTH AMERICA (EXCLUDING UNITED STATES) 8 293600 SCHOLARSHIP STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 1 16500 SCHOLARSHIP false false false false false false AUCTION 49170 49170 14546 49170 49170 14546 14546 34624 true STUDENT FINANCIAL AID 86 2265210 SCHOLARSHIPS X X X true true X X X X false false false false false false false false false PATRICK MCINERNEY HEAD OF SCHOOL 155773 7850 16615 180238 THEODORE ALFOND TO ASSIST IN CASH FLOW X 1000000 1137813 false true false 1137813 X PIANO 1 35000 APPRAISAL false true false FORM 990 - ORGANIZATION'S MISSION 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CHIEF FINANCIAL OFFICER AND CONTROLLER AND THEN IS FORWARDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THIS PROCESS WILL BE IMPLEMENTED AT THE NEXT BOARD OF TRUSTEES MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE SCHOOL'S HEADMASTER'S COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, 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 COST OF GOODS SOLD NETTED WITH REVENUES 165,339 RENTAL EXPENSES NETTED WITH REVENUES 232,201 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -163,945 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 31,690 STUDENT FINANCIAL AID -2,726,360 INVESTMENT FEES NETTED WITH INCOME -64,955 COST OF GOODS SOLD NETTED WITH REVENUES -165,339 RENTAL EXPENSES NETTED WITH REVENUES -232,201 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE -31,690 STUDENT FINANCIAL AID 2,726,360 INVESTMENT EXPENSES 64,955 TOTAL -163,945