2017-02-14T07:45:20-06:00 2016-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2015-07-01 010223755 BERWICK ACADEMY BERW 2073842164 31 ACADEMY STREET SOUTH BERWICK ME 03908 JONATHAN DOUGLAS CHIEF FINANCIAL OFFICER 2073842164 2017-02-13 1 W JAY SIMMS P00435321 6036530044 2017-02-13 2015 2017-02-10 21:41:12Z JONATHAN DOUGLAS 31 ACADEMY STREET SOUTH BERWICK ME 03908 20211181 0 X BERWICKACADEMY.ORG X 1791 ME 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 EHTIC OF SPORTSMANSHIP. WE NURURE STRENGHT OF CHARACTER, INDIVIDUAL RESPONSIBILITY, AND A COMMITMENT TO THE COMMON GOOD. BERWICH STUDENTS, TEACHERS AND FAMILIEIS COMPRISED 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 DEVELOPEMENT OF EACH STUDENT'S POTENTIAL. 25 24 230 200 1225 225 2427129 1322977 17219859 17976117 0 521954 36484 32909 19683472 19853957 3470730 4991096 0 0 10775762 10094827 0 0 492711 5620669 5257832 19867161 20343755 -183689 -489798 42175867 40698864 10777665 11198910 31398202 29499954 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 DEVELOPEMENT OF EACH STUDENT'S POTENTIAL. 0 0 16510884 4991096 18009026 INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 589 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAIN, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. 16510884 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 1 0 0 0 0 0 0 0 0 1 80 1 1 230 1 1 1 0 0 0 0 1 1 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X GREGORY J SCHNEIDER 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 ELIZABETH J HETZ 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 335995 0 100361 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 SUZANNE MILLER TRUSTEE 1.00 X 0 0 0 STEPHANIE KENDALL JAGGERS TRUSTEE 1.00 X 0 0 0 BRAD CATES DIRECTOR OF FINANCE 40.00 X X 97011 0 14004 JONATHAN DOUGLAS CFO 40.00 X 62185 0 37566 CINDY BRIGGS ASSISTANT HEAD OF SCHOOL 40.00 X 160144 0 15768 SHIELA ESTEN DIRECTOR OF UPPER SCHOOL 40.00 X 110666 0 14364 AMY SMUCKER DIRECTOR OF ADVANCEMENT 40.00 X 112200 0 14486 SETH HURD DIRECTOR OF VISUAL/PERFORMING ARTS 40.00 X 102513 0 21740 JOEL HAWES DIRECTOR OF LOWER SCHOOL 40.00 X 106890 0 9182 1087604 0 227471 7 0 1 0 SPANG BUILDERS INC 10 GRANITE HEIGHTS RD KENNEBUNKPORT ME 04046 CONSTRUCTION 1073556 SAGE DINING SERVICES INC 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 756795 STUDENT TRANSPORTATION OF AMERICA INC 63 SOUTH ST SUITE 240 HOPKINTON MA 01748 BUS TRANSPORTATION 480931 BSC CLEANING SERVICES 170 JOHN ROBERTS RD SUITE 5 SOUTH PORTLAND ME 04106 CUSTODIAL/JANITORIAL 214708 STATELINE CONSTRUCTION 123 LAFAYETTE RD HAMPTON FALLS NH 03844 CONSTRUCTION 160760 5 1322977 126629 1322977 TUITION 611710 17060712 17060712 PROGRAM SUPPORT 611710 806749 806749 OTHER PROGRAM REVENUE 611710 65696 65696 SUMMER PROGRAMS 611710 42960 42960 17976117 272091 1225 270866 22589 3000 0 0 22589 3000 25589 25589 233376 353165 0 336678 233376 16487 249863 249863 27866 20546 7320 7320 19853957 18009026 1225 520729 4991096 4991096 747003 285731 286272 175000 7201509 5697517 1391284 112708 473520 370642 84108 18770 1672795 1188244 422281 62270 86894 86894 18050 18050 1537001 1490283 37842 8876 51142 888 50254 142409 74704 67705 435823 408261 27562 107683 90840 10162 6681 233394 233394 980469 935406 45063 145549 145549 SUPPLIES 744894 567605 76063 101226 DEPARTMENTAL/ATHLETICS 373295 373295 EQUIPMENT 184580 184580 MISCELLANEOUS 154277 147097 7180 62372 36372 26000 20343755 16510884 3340160 492711 98041 907589 2223375 2583815 1939176 158219 118877 37558 38271 368464 388226 35545893 15769775 19059950 19776118 16963005 17364419 683440 166188 42175867 40698864 1321084 1161102 1917100 7983125 7087370 767720 1473456 265618 10777665 11198910 X 14178484 13091723 6800546 6049850 10419172 10358381 31398202 29499954 42175867 40698864 X -489798 -1173778 -234669 -3 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16599392 243102 -669240 -1000000 15173254 16971178 418408 -390194 -400000 16599392 17089413 -918856 1759604 -958983 16971178 16584902 338503 455304 -289296 17089413 17452799 58847 -26128 -900616 16584902 0.24450 0.64760 0.10790 0 0 336830 336830 28856092 11997982 16858110 3259210 1417977 1841233 3006961 2353816 653145 86800 86800 19776118 CONTRIB REMAINDER FROM REMAINDER TRUS 190696 LIABILITY FROM SPLIT-INTEREST AGREEMENT 74922 265618 X 13753629 -1173778 -4926550 -6100328 19853957 0 19853957 15367208 14549 14549 15352659 4991096 4991096 20343755 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 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -4,991,096. COST OF GOODS SOLD 20,546. PROVISION FOR PLEDGES -6,000. RESERVE FOR PLEDGES 50,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,546. PROVISION FOR PLEDGES -6,000. ROUNDING 3. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,991,096. 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. 1 FINANCIAL AID 274 4991096 FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF TUITION REDUCTION. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 GREGORY J SCHNEIDER HEAD OF SCHOOL 335995 0 0 0 0 0 36650 0 63711 0 436356 0 0 0 CINDY BRIGGS ASSISTANT HEAD OF SCHOOL 160144 0 0 0 0 0 13747 0 2021 0 175912 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 CONVIENIENCE OF THE ACADEMY. IT IS SPECIFIED IN THE EMPLOYMENT CONTRACT AND PURSUANT TO EMPLOYMENT. A FINANCE AUTHORITY OF MAINE 010392006 2013-03-13 7235000 REFINANCE 2011 TOWN OF SOUTH BERWICK 0 0 0 A 7235000 112859 7122141 0 1 1 1 A 0 0 0 0 0 0 1 A 1 1 0 0 0 1 A 0 X 5 76430 FAIR MARKET VALUE X GIFTS FOR AUCTION 18 11443 FAIR MARKET VALUE X MIDDLE SCHOOL RENOVATIONS 1 8000 FAIR MARKET VALUE X TRACTOR 2 7000 FAIR MARKET VALUE 0 0 0 PART I, LINE 30B: BERWICK ACADEMY USES PEOPLE'S WEALTH MANAGAGMENT TO PROCESS AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS MANAGER PEREPARES 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 BUSINESS MANAGER. THE BUSINESS MANAGER 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 TURSTEES 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 BUSINESS MANAGER REVIEW AND RESEARCH MANAGEMENT COMPENSATION. THE HEAD OF SCHOOL AND THE BUSINESS MANAGER 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 BUSINESS MANAGER'S OFFICE FROM 8:00AM TO 4:30PM, MONDAY THROUGH FRIDAY BY APPOINTMENT. FORM 990, PART XI, LINE 9: ROUNDING -3. FORM 990, PARTXII, LINE 2C: AUDIT PROCESS OVERSIGNT : THE PROCESS HAS NOT CHANGED.