2014-02-11T12:07:59-06:00 2013-06-30 PFBFCPAS 46 FIRSTPARK DRIVE OAKLAND ME 049635362 990 2012-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 ATTN BUSINESS OFFICE KENTS HILL ME 04349 BARRY GATES 2076854914 2014-02-08 true DANIELLE D MARTIN CPA 2078731603 2014-02-11 2012 2015-11-30 17:44:51Z BARRY GATES PO BOX 257 KENTS HILL ME 043490257 14915796 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. 29 28 133 -66532 -34571 1774711 2701983 10767175 11393602 424540 396622 79404 -47667 13045830 14444540 2276250 2393700 0 5720630 6118520 0 587779 6025822 5813957 14022702 14326177 -976872 118363 52594935 54556136 24271410 22918095 28323525 31638041 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 2393700 2393700 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED 7478727 11393602 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 220 BOARDING AND DAY STUDENTS 9872427 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 true false false false false false false false true 22 0 133 true true true false false false false true true false false false false false X 29 28 true false false false false false false true true false false true true false true true true true false false ME X X BARRY GATES 2076854914 1614 MAIN STREET KENTS HILL ME 043490257 PARKER BEVERAGE 1.00 X 0 0 0 TAYLOR BODMAN 1.00 X 0 0 0 ABIGAIL BOWERS 1.00 X 0 0 0 CHARLES CHIANG 1.00 X 0 0 0 NANCY COLHOUN 1.00 X 0 0 0 EMILY BEVERAGE 1.00 X 0 0 0 THOMAS DIBENEDETTO 1.00 X 0 0 0 GORDON FAY 1.00 X 0 0 0 PATRICIA HATLER 1.00 X 0 0 0 STEPHEN JENEY 1.00 X 0 0 0 WILLIAM BRENNAN 1.00 X 0 0 0 JOSETTE HUNTRESS HOLLAND 1.00 X 0 0 0 RICHARD O'CONNOR 1.00 X 0 0 0 ROBERT RHEAULT 1.00 X 0 0 0 DAVID RHODES 1.00 X 0 0 0 JANET ROCHE 1.00 X 0 0 0 CORNELIA SPRING 1.00 X 0 0 0 DOUGLAS STINSON 1.00 X 0 0 0 ALEXANDER WALL 1.00 X 0 0 0 STEVEN AKIN 1.00 X X 0 0 0 MARK ALCAIDE 1.00 X X 0 0 0 THEODORE ALFOND 1.00 X X 0 0 0 EDWARD LANE 1.00 X 0 0 0 RUTH SIGAL 1.00 X 0 0 0 GUY WILLIAMS 1.00 X 0 0 0 ALANE B O'CONNOR 1.00 X 0 0 0 ZUHAIR SHAMMOUT 1.00 X 0 0 0 JAMIE THORSEN 1.00 X 0 0 0 TANNETTA VAN VLISSINGEN 1.00 X 0 0 0 JEREMY LACASSE 40.00 X 143002 0 23718 BARRY GATES 40.00 X 110936 0 19541 PATRICK C MCINERNEY 40.00 X 106279 0 19441 360217 62700 3 false true false SAGE DINING SERVICES INC 222 BOSLEY AVE SUITE B7 TOWSON MD 21204 FOOD SERVICES 927954 WINTHROP FUEL CO INC 111 ROUTE 133 WINTHROP ME 04364 OIL 380514 WARREN CONSTRUCTION GROUP LLC PO BOX 362 SOUTH FREEPORT ME 04078 CONSTRUCTION 349682 BOWER CONSTRUCTION 557 HALLOWELL-LITCHFIELD ROAD WEST GARDINER ME 04345 CONSTRUCTION 221886 CONSTELLATION NEW ENERGY INC 14217 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ELECTRICITY 151204 6 23682 2678301 107657 2701983 TUITION INCOME 10999770 10999770 SUMMER PROGRAM INCOME 228107 228107 ENROLLMENT FEES FORFEITED 71873 71873 TRANSPORTATION FEES 61933 61933 APPLICATION FEES 16201 16201 15718 15718 11393602 396622 396622 176862 243394 -66532 -66532 -66532 42690 23682 10689 32001 173448 217173 -43725 -43725 SUNDRY INCOME 29245 29245 DISCOUNTS TAKEN 1344 1344 30589 14444540 11424191 -66532 352897 1841000 1841000 552700 552700 293905 229219 64686 4448038 2741074 1414648 292316 185507 114725 60390 10392 866485 494299 312755 59431 324585 187805 115220 21560 60563 60563 50159 50159 136266 136203 63 131441 81643 49798 690930 690930 371612 164829 140240 66543 658316 658316 1406241 1406241 46726 46726 CONTRACTUAL SERVICES 1017885 958792 59093 MAINT, SUPPLIES & EQUIP 719214 638090 58134 22990 MISCELLANEOUS 240430 198 240232 BAD DEBTS 202430 202430 81744 81744 14326177 9872427 3865971 587779 3952 2896 3566857 3575928 1551202 1371899 187729 133113 54542 54542 22990 13610 152498 143816 42091683 15281271 26917646 26810412 19022553 21324329 1114966 1125591 52594935 54556136 525196 808138 3744202 3692740 974373 1087342 16567895 16023334 2459744 1306541 24271410 22918095 X 21261327 23831216 3725784 4094721 3336414 3712104 28323525 31638041 52594935 54556136 118363 2508326 687827 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19022553 505795 2922000 -93415 -972041 -60563 21324329 19838068 918240 96730 -87155 -1684979 -58351 19022553 17161499 700000 3554449 -82872 -1436589 -58419 19838068 10767121 5585000 1418901 -94765 -465755 -49003 17161499 0.77000 0.17000 0.06000 false false 74330 74330 38392902 13026033 25366869 1829587 1389933 439654 1794864 865305 929559 26810412 INTEREST RATE SWAP 1199553 DEFERRED GIFT ANNUITY 64074 LEASES PAYABLE 42914 NOTE TO ENDOWMENT FUND 1306541 X 15646997 2508326 1148394 3656720 11990277 2454263 2454263 14444540 12332481 460567 460567 11871914 2454263 2454263 14326177 LIABILITY UNDER FIN 48 FOOTNOTE 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, 2010 THROUGH 2013. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 217,173 RENTAL EXPENSES NETTED WITH REVENUES 243,394 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 687,827 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT FINANCIAL AID 2,393,700 INVESTMENT FEES NETTED WITH INCOME 60,563 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 217,173 RENTAL EXPENSES NETTED WITH REVENUES 243,394 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT FINANCIAL AID 2,393,700 INVESTMENT EXPENSES 60,563 true true true true true true true false false false false false false false false false false true PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS STUDENT FINANCIAL AID EUROPE 4 83500 SCHOLARSHIP STUDENT FINANCIAL AID NORTH AMERICA (EXCLUDING UNITED STATES) 15 469200 SCHOLARSHIP false false false false false false AUCTION 66372 23682 42690 10689 66372 23682 42690 10689 10689 32001 true STUDENT FINANCIAL AID 100 1841000 SCHOLARSHIPS X X X true true X X X X false false false false false false false false false JEREMY LACASSE 143002 23718 166720 THEODORE ALFOND TO ASSIST IN CASH FLOW X 1112969 1087342 false true false 1087342 X 1 80000 X 2 27657 false true false ORGANIZATION'S MISSION 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. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 STEVEN AKIN TED ALFOND TRUSTEE TRUSTEE AKIN IS TRUSTEE OF ALFOND FOUN ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THIS PROCESS WILL BE IMPLEMENTED AT THE NEXT BOARD OF TRUSTEES MEETING. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE SCHOOL'S HEADMASTER'S COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 COST OF GOODS SOLD NETTED WITH REVENUES 217,173 RENTAL EXPENSES NETTED WITH REVENUES 243,394 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 687,827 STUDENT FINANCIAL AID -2,393,700 INVESTMENT FEES NETTED WITH INCOME -60,563 COST OF GOODS SOLD NETTED WITH REVENUES -217,173 RENTAL EXPENSES NETTED WITH REVENUES -243,394 STUDENT FINANCIAL AID 2,393,700 INVESTMENT EXPENSES 60,563