2015-02-13T12:45:28-06:00 2014-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2013-07-01 010212438 Maine Central Institute MAIN 2074874454 295 Main Street Pittsfield ME 04967 Donna Ferenc Dir of Finance and Operations 2074874454 2015-02-12 1 Barbara J McGuan CPA P00219457 2077752387 2015-02-12 2013 2016-02-25 16:41:14Z Christopher Hopkins 295 Main Street Pittsfield ME 04967 12839763 0 X www.mci-school.org X 1866 ME Secondary school education. 26 26 231 100 0 0 933242 688548 8475188 8659688 230338 538849 0 0 9638768 9887085 723526 934952 0 0 5380155 4836928 19344 2182 242217 2957622 2925821 9080647 8699883 558121 1187202 18933438 20998469 5414631 5729860 13518807 15268609 X MCI pledges to provide a rigorous, comprehensive educational program to a multicultural student body with a wide range of abilities and interests. In a safe and caring atmosphere, students will acquire knowledge, self-esteem, social responsibility, and the critical thinking and communication skills necessary for global citizenship and lifelong learning. 0 0 5664808 934952 8659688 Maine Central Institute offers high school and postgraduate programs in Pittsfield, Maine to Maine School Administrative District #53 (SAD #53) and boarding students. Education and meals provided for aproximately 455 students; housing is provided for aproximately 135 students. 5664808 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 38 0 1 231 1 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 ME X Donna Ferenc 2074874454 295 Main Street Pittsfield ME 04967 Timothy Archibald Trustee 1.00 X 0 0 0 William Ball Trustee 1.00 X 0 0 0 Blake Bartlett Trustee 1.00 X 0 0 0 Paul Bertrand Trustee 1.00 X 0 0 0 Daine Bryan Trustee 1.00 X 0 0 0 Tania Carnrick Trustee 1.00 X 0 0 0 James Christie Trustee 1.00 X 0 0 0 Robert Cianchette Trustee 1.00 X 0 0 0 Susan England Trustee 1.00 X 0 0 0 Peter Fendler Trustee 1.00 X 0 0 0 Lewis Fitts III Trustee 1.00 X 0 0 0 David Fortin Vice-Chair 1.00 X X 0 0 0 Anthony Frederick Jr Trustee 1.00 X 0 0 0 Susan Haseltine Trustee 1.00 X 0 0 0 Robert Hayes Trustee 1.00 X 0 0 0 Michael Hodgins Trustee 1.00 X 0 0 0 David MacGown Trustee 1.00 X 0 0 0 Robert Menucci Trustee 1.00 X 0 0 0 Gregg Newhouse Trustee 1.00 X 0 0 0 Elaine Patterson Trustee 1.00 X 0 0 0 Gregory Patterson Trustee 1.00 X 0 0 0 Michael Savage Trustee 1.00 X 0 0 0 Linda Shorey Trustee 1.00 X 0 0 0 Carolyn Smith Trustee 1.00 X 0 0 0 Andi Vigue Treasurer 1.00 X X 0 0 0 Norbert Young Jr Chairman 5.00 X X 0 0 0 Christopher Hopkins Headmaster 40.00 X 159656 0 44554 Donna M Ferenc CFO 40.00 X 80400 0 9678 240056 0 54232 1 0 1 0 Chartwells 3 International Drive Rye Brook NY 10573 Catering 451575 Cianbro Corporation PO Box 1000 Pittsfield ME 04967 Construction 244531 2 688548 13247 688548 Tuition and Fees 611710 8238454 8238454 Other Program Revenue 611710 330774 330774 Student Activities 611710 82818 82818 Bookstore 611710 7642 7642 8659688 212698 212698 3278629 200 2952678 0 325951 200 326151 326151 9887085 8659688 0 538849 934952 934952 294288 24925 228521 40842 3803710 2539072 1158326 106312 404775 285539 112455 6781 334155 211467 111264 11424 5624 5624 54717 54717 2182 2182 15790 15790 267737 264817 2920 8794 2132 6662 475617 81616 334056 59945 2594 2594 508717 399113 107072 2532 68591 22371 39842 6378 129540 101630 27265 645 453345 355672 95417 2256 138210 138210 Food Service 462738 462738 0 0 Miscellaneous 193071 102845 90226 0 Student Activities 119468 119468 0 0 Bad Debt Expense 21268 21268 0 0 8699883 5664808 2792858 242217 1713181 2591253 441905 904176 1507761 1223718 79013 108261 43434 48577 28479 26560 15939841 8223257 7605404 7716584 5469165 6126195 55037 52722 1990059 2200423 18933438 20998469 511500 595864 12000 0 4032874 3916395 858257 1217601 5414631 5729860 X 7138287 8286276 2964249 3309266 3416271 3673067 13518807 15268609 18933438 20998469 1187202 562600 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 333 333 0 Part II-B, Line 1: The Orgnaization pays dues to various organizations, a portion of which are attributable to lobbying expenses. 5570302 258 864431 154542 6280449 5620895 11104 484811 546508 5570302 5774547 60152 -49343 164461 5620895 4583110 65563 1354548 228674 5774547 3859870 367811 537204 181775 4583110 0.57000 0.22000 0.21000 0 0 80681 80681 14109811 6844688 7265123 1568309 1378569 189740 181040 181040 7716584 Cash Surrender Value of Life Insurance Policies 8262 Gifts of Future Interests 2192161 2200423 Tuition Deposits 1197285 Other Current Liabilities 20316 1217601 9607843 353874 30888 208726 593488 9014355 15790 856940 872730 9887085 7858041 30888 30888 7827153 15790 856940 872730 8699883 Part V, Line 4: MCI maintains endowment investment funds that are used to fund current/future operations, scholarships, facilities, and to supply capital for other various needs. Part XI, Line 2d - Other Adjustments: Changes in Value of Split-Interest Agreements 208,726. Part XI, Line 4b - Other Adjustments: Financial Aid Grants 856,940. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 856,940. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Statement included in recruiting brochures Schedule E, Part I, Line 6 The school participates in various state governmental Financial Aid programs. East Asia and the Pacific - 0 0 Finders fees paid for recruiting students 276589 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Finders fees paid for recruiting students 6155 Russia & the Newly Independent States - 0 0 Cost of travel for recruiting 3665 East Asia and the Pacific - 0 0 Cost of travel for recruiting 25886 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Cost of travel for recruiting 1548 0 0 0 0 0 0 313843 0 313843 0 0 0 0 0 0 1 Scholarship Awards 38 78012 Financial Aid 57 856940 FMV Discounted tuition Part I, Line 2: All assistance to individuals is in the form of financial aid, grants, scholarships and tuition discounts awarded to students. Assistance is applied directly to the student's account balance. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Christopher Hopkins Headmaster 159109 0 0 0 547 0 0 0 44554 0 204210 0 0 0 Part I, Line 1a The Headmaster is required to live on campus, therefore housing is provided at a total estimated fair market value of $20,510. A Finance Authority of Maine 010392006 2012-08-01 4147000 Refunding of Previously issued 2007 Finance Authority of Maine Bond 0 0 0 A 230605 4147000 40914 2012 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 Suzanne Hopkins Family member of Christopher Hopkins, Headmaster 12500 Compensation 0 X 375 FMV X 1391 FMV X 3 1429 FMV X 2 1415 FMV X 1 3924 X Miscellaneous 7 4713 FMV 0 1 1 Part I, Line 32b: The organization sells contributions of stock through its investment broker as soon as is administratively possible. Part I, Line 33: Some gifts of stock received by the Organization during FY 2014 were not reflected in current year income, as these gifts were payments made on amounts previously pledged to the Organization. Total stock gifts made for amounts previously pledged for fiscal year 2014 totaled $80,474. Form 990, Part VI, Section A, line 2 Michael Hodgins, Trustee, and Andi Vigue, Board Treasurer, have a family relationship. Elaine Patterson, Trustee, and Gregory Patterson, Trustee, have a family relationship. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an outside accounting firm. A complete copy of the form and all schedules is reviewed by the chief financial officer as well as the finance/investment committee. A copy of the core Form 990 is then provided to each member of the board of trustees for review, without the schedules attached. All schedules are available in the business office for review, but names and addresses of donors are redacted from the Schedule B. Form 990, Part VI, Section B, line 12c Every October, the Organization requires the completion of a conflict of interest disclosure form for any situation that would give rise to a conflict. The Organization maintains records as to who has returned a completed form and the situation in question. Form 990, Part VI, Section B, line 15 When determining the compensation levels for the Headmaster of the school, the Organization reviewed documentation from the Independent Schools Association of Northern New England and the National Association of Independent Schools. Salary levels for prior Headmasters, as well as information from other similar schools is also reviewed. The executive administration staff compensation is also based upon documentation from ISANE. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Albert & Olive Partridge Trust co US Bank Bank of America Trust Operation PO Box 366 Providence RI 029019972 Charitable Trust ME N/A T 680111 0.89760 0 Sanger Cook Trust co US Bank Bank of America Trust Operations PO Box 366 Providence RI 029019972 Charitable Trust ME N/A T 444535 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0