2015-01-15T10:29:02-06:00 2014-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2013-07-01 010223755 BERWICK ACADEMY BERW 2073842164 31 ACADEMY STREET SOUTH BERWICK ME 03908 BRADLEY A CATES DIRECTOR OF FINANCE 2073842164 2014-12-11 1 JASON C LEBLANC P01212079 2077721981 2014-12-10 2013 2016-03-07 17:11:31Z GREGORY J SCHNEIDER 31 ACADEMY STREET SOUTH BERWICK ME 03908 22640398 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 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. 24 23 228 200 0 0 2007926 1336071 15191543 16335754 397536 400312 88893 95244 17685898 18167381 3136740 3498980 0 0 9694082 10278910 0 0 482436 5447146 5480565 18277968 19258455 -592070 -1091074 40996337 41522164 9357465 9507218 31638872 32014946 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 15293760 3498980 16415710 INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 592 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINE, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. 15293760 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 1 1 0 0 0 0 0 0 0 0 1 68 0 1 228 1 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GREGORY J SCHNEIDER 2073846102 31 ACADEMY STREET SOUTH BERWICK ME 03908 CHAD KAGELEIRY TRUSTEE 1.00 X 0 0 0 ELIZABETH J HETZ TRUSTEE 1.00 X 0 0 0 HOLLY A MALLOY TRUSTEE 1.00 X 0 0 0 JAMES JALBERT TRUSTEE 1.00 X 0 0 0 KAREN G WALSH TRUSTEE 1.00 X 0 0 0 LISA GOULEMAS TRUSTEE 1.00 X 0 0 0 MALCOLM E SMITH III TRUSTEE 1.00 X 0 0 0 MICHAEL J SCHAFER TRUSTEE 1.00 X 0 0 0 PHIL CAVANAUGH TRUSTEE 1.00 X 0 0 0 ROBERT J HOY TRUSTEE 1.00 X 0 0 0 SUSAN NOERDLINGER 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 PATRICK SPEARMAN TRUSTEE 1.00 X 0 0 0 DIANE WALKER EX-OFFICIO 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 MARK C SVENSON EX-OFFICIO 1.00 X 0 0 0 ALEX AUTY VICE PRESIDENT 1.00 X X 0 0 0 ERIC S KATZ SECRETARY 1.00 X X 0 0 0 GREGORY J SCHNEIDER HEAD OF SCHOOL 50.00 X X 283117 0 39164 LUCAS M MERROW TREASURER 1.00 X X 0 0 0 MATTHEW R FRIEL PRESIDENT 1.00 X X 0 0 0 BRADLEY CATES DIRECTOR OF FINANCE 40.00 X 80478 0 8862 CINDY BRIGGS ASSISTANT HEAD OF SCHOOL 40.00 X 135707 0 9009 SETH HURD DIRECTOR OF ARTS AND CAMPUS OPERATIONS 40.00 X 113206 0 17940 SHIELA ESTEN DIRECTOR OF UPPER SCHOOL 40.00 X 102644 0 14550 715152 0 89525 4 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 697656 LEDGEMERE TRANSPORTATION 658 SANFORD ROAD WELLS ME 04090 STUDENT TRANSPORTATION 492661 BSC CLEANING SERVICES 170 JOHN ROBERTS ROAD STE 5 SOUTH PORTLAND ME 04106 CLEANING SERVICES 178836 SADCO SITE DEVELOPMENT CORP 875 GREENLAND ROAD C2 PORTSMOUTH NH 03801 CONSTRUCTION SERVICES 139466 STATELINE LANDSCAPE AND PAVING 123 LAFAYETTE ROAD HAMPTON FALLS NH 03844 LANDSCAPING SERVICES 105257 5 1336071 98206 1336071 TUITION AND FEES 611600 15662731 15662731 TRANSPORTATION 480000 288065 288065 AUXILIARY INSTRUCTION 611600 282319 282319 AFTERCARE 624410 39071 39071 SUMMER PROGRAMS 611600 38145 38145 25423 25423 16335754 294300 294300 26425 0 26425 26425 26425 4552591 11137 4457716 0 94875 11137 106012 11137 94875 20385 15301 5084 5084 SODA/VENDING MACHINES 900099 32512 32512 STUDENT ACTIVITIES 611600 16703 16703 YEARBOOK INCOME 611600 14520 14520 63735 18167381 16415710 0 415600 3498980 3498980 386721 193361 65743 127617 6676685 5139406 1397901 139378 3215504 2344870 772472 98162 116421 116421 23000 23000 17054 17054 1506298 1480025 17261 9012 8339 3448 4891 20125 20125 91400 91400 480832 454127 26705 92835 72109 14891 5835 202857 202857 914997 891369 23628 128760 128760 SUPPLIES/BOOKS/MAINTENA 1046294 806639 182091 57564 DEPARTMENT/ATHLETICS 409426 409426 EQUIPMENT 260234 260234 MISCELLANEOUS 161693 116825 44868 19258455 15293760 3482259 482436 236566 112627 2773538 2483354 2476893 2295692 417575 233491 36429 33478 142238 317743 33102655 14240835 19502204 18861820 14737607 16481344 673287 702615 40996337 41522164 1176010 1215272 7235000 7235000 34551 5691 911904 1051255 9357465 9507218 X 16906158 17380304 3946322 3662539 10786392 10972103 31638872 32014946 40996337 41522164 -1091074 1467148 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17089413 997629 1759604 -958983 18887663 16584902 338503 455304 -289296 17089413 17452799 58847 -26128 900616 16584902 19601716 59747 -12726 3116055 16532682 16275969 1054335 2271412 19601716 0.37500 0.04820 0.57680 0 0 336830 336830 30120942 11847760 18273182 1564227 1423544 140683 1080656 969531 111125 18861820 ADVANCE TUITION & DEPOSITS 1051255 1051255 X 16133796 1467148 15301 1482449 14651347 17054 3498980 3516034 18167381 15757722 15301 15301 15742421 17054 3498980 3516034 19258455 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: U.S. GAAP PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ACADEMY HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE ACADEMY RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ACADEMY DOES NOT BELIEVE IT HAS TAKEN A POSITION ON ITS TAX RETURNS WHICH WOULD REQUIRE THE RECOGNITION OF A TAX BENEFIT AND, ACCORDINGLY, NO ADJUSTMENT TO THE FINANCIAL STATEMENTS HAS BEEN MADE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 15,301. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,498,980. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 15,301. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,498,980. 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 AND BROCHURES. 1 FINANCIAL AID 257 3498980 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 275250 0 0 0 7867 0 15139 0 24025 0 322281 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. A FINANCE AUTHORITY OF MAINE 010392006 NONEAVAIL 2013-03-13 7235000 REFINANCE 2011 TOWN OF SOUTH BERWICK BONDS 0 0 0 A 7235000 112859 7122141 2013 0 1 1 1 A 0 0 0 0 0 0 1 A 1 1 0 0 0 1 A 0 JAMES JALBERT TRUSTEE 7319 BUS SERVICE 0 SCH L, PART IV (A) NAME OF PERSON: JAMES JALBERT (C&J TRAILWAYS)(B) RELATIONSHIP BETWEEN INTERESTED PERSON ORGANIZATION: TRUSTEE(C) AMOUNT OF TRANSACTION: $7,319(D) DESCRIPTION OF TRANSACTION: BUS SERVICES FOR STUDENTS(E) SHARING OF ORGANIZATION REVENUES = NO X 12 98206 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: BERWICK ACADEMY USES PEOPLE'S WEALTH MANAGEMENT TO PROCESS AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS MANAGER 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 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 COMMITTEE 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 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 XII, LINE 2C: AUDIT PROCESS OVERSIGHT: THE PROCESS HAS NOT CHANGED.