BERWICK ACADEMY TRUSTEES: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BERWICK ACADEMY TRUSTEES (EIN 01-0223755)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-24
- IRS object ID
- 201321489349300327
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-24T09:45:53-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010448006 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBIN RANDALL & BENNETT | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 445 130 MIDDLE STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 041120445 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010223755 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERWICK ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BERW | NameControl |
| Phone | 2073842164 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ACADEMY STREET | AddressLine1 |
| City | SOUTH BERWICK | City |
| State | ME | State |
| ZIP Code | 03908 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SETH A HURD | Name |
| Title | DIRECTOR OF FINANCE/OPERATIONS | Title |
| Phone | 2073842164 | Phone |
| Date Signed | 2013-04-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JASON C LEBLANC | Name |
| PTIN | P01212079 | PTIN |
| Phone | 2077721981 | Phone |
| Date Prepared | 2013-04-25 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GREGORY J SCHNEIDER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ACADEMY STREET | AddressLine1 |
| City | SOUTH BERWICK | City |
| State | ME | State |
| ZIP Code | 03908 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16849982 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | BERWICKACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1791 | YearFormation |
| State Legal Domicile | ME | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 229 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1585104 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1823789 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 13756497 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 14929136 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 58166 | InvestmentIncomePriorYear |
| Investment Income Current Year | 16735 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 102656 | OtherRevenuePriorYear |
| Other Revenue Current Year | 68536 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15502423 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16838196 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2358207 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2799701 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8578854 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9316091 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 571865 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4812624 | OtherExpensePriorYear |
| Other Expenses Current Year | 4650286 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15749685 | TotalExpensesPriorYear |
| Total Expenses Current Year | 16766078 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -247262 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 72118 | RevenuesLessExpensesCY |
| Total Assets BOY | 41233898 | TotalAssetsBOY |
| Total Assets EOY | 40816012 | TotalAssetsEOY |
| Total Liabilities BOY | 9463334 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8940165 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 31770564 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31875847 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13288648 | Expense |
| Grants | 2799701 | Grants |
| Revenue | 14985172 | Revenue |
| Description | 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. | Description |
| Total Program Service Expense | 13288648 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 43 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 229 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY J SCHNEIDER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2073846102 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ACADEMY STREET | AddressLine1 |
| City | SOUTH BERWICK | City |
| State | ME | State |
| ZIP Code | 03908 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ALEX AUTY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CAROLINE C LEVINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHAD KAGELEIRY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELIZABETH J HETZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ERIC S KATZ | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| FRED A SEIGEL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GREGORY J SCHNEIDER | |||||||
| HEAD OF SCHOOL | 50.00 | X | 214182 | 0 | 15228 | X | |
| 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 | ||
| LESLI R FRIEL | |||||||
| EX-OFFICIO | 1.00 | X | 0 | 0 | 0 | ||
| LISA GOULEMAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LUCAS M MERROW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MALCOLM E SMITH III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARK H TAY | |||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | X | |
| MATTHEW R FRIEL | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| MICHAEL J SCHAFER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| NINA BINNIE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PETER M MARTIN | |||||||
| 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 | ||
| SEAN CLARKE | |||||||
| EX-OFFICIO | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN NOERDLINGER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SETH HURD | |||||||
| DIRECTOR OF FINANCE | 40.00 | 97500 | 0 | 0 | X | ||
| JEDD WHITLOCK | |||||||
| DIRECTOR OF ADVANCEMENT | 40.00 | 101750 | 0 | 0 | X | ||
| PETER SALIBA | |||||||
| UPPER SCHOOL DIRECTOR | 40.00 | 101750 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 515182 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 15228 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| JOSEPH GNAZZO COMPANY INC | |||||
| 1053 BUCKLEY HIGHWAY | UNION | CT | 06076 | CONSTRUCTION - VARIOUS | 964303 |
| SAGE DINING SERVICES INC | |||||
| 1402 YORK ROAD STE 100 | LUTHERVILLE | MD | 21093 | DINING SERVICES | 583490 |
| LEDGEMERE TRANSPORTATION | |||||
| 699 US ROUTE ONE | YORK | ME | 03909 | STUDENT TRANSPORTATION | 505861 |
| DANIEL T ALLEN ROOFING & SHEET METAL | |||||
| 19 PHEASANT LANE | BUXTON | ME | 04096 | CONSTRUCTION - VARIOUS | 133500 |
| STROGEN'S HVAC LLC | |||||
| 113 MILTON ROAD | ROCHESTER | NH | 03868 | HVAC SERVICES | 120203 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 1823789 | AllOtherContributions |
| Noncash Contributions | 165409 | NoncashContributions |
| Total Contributions | 1823789 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 14288858 | 14288858 |
| AUXILIARY INSTRUCTION | 611600 | 270974 | 270974 |
| TRANSPORTATION | 480000 | 254376 | 254376 |
| AFTERCARE | 624410 | 52010 | 52010 |
| SUMMER PROGRAMS | 611600 | 33365 | 33365 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29553 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29553 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 14929136 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16735 | TotalRevenueColumn |
| Exclusion | $16,735 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12500 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12500 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12500 | TotalRevenueColumn |
| Exclusion | $12,500 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 11318 | GrossSalesOfInventory |
| Cost Of Goods Sold | 11786 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -468 | TotalRevenueColumn |
| Related Or Exempt Function Income | -468 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SODA/VENDING MACHINES | 900099 | 24874 | 24874 |
| STUDENT ACTIVITIES | 611600 | 15970 | 15970 |
| YEARBOOK INCOME | 611600 | 15660 | 15660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 56504 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16838196 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14985172 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $29,235 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2799701 | Total |
| Program Services | 2799701 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339594 | Total |
| Program Services | 169797 | ProgramServices |
| Management And General | 86394 | ManagementAndGeneral |
| Fundraising | 83403 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6033364 | Total |
| Program Services | 4833038 | ProgramServices |
| Management And General | 947955 | ManagementAndGeneral |
| Fundraising | 252371 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2943133 | Total |
| Program Services | 2239142 | ProgramServices |
| Management And General | 599418 | ManagementAndGeneral |
| Fundraising | 104573 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77565 | Total |
| Management And General | 77565 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25100 | Total |
| Management And General | 25100 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1137985 | Total |
| Program Services | 1093099 | ProgramServices |
| Management And General | 18762 | ManagementAndGeneral |
| Fundraising | 26124 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11513 | Total |
| Program Services | 5070 | ProgramServices |
| Management And General | 6443 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99000 | Total |
| Management And General | 99000 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80370 | Total |
| Management And General | 80370 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 518811 | Total |
| Program Services | 494815 | ProgramServices |
| Management And General | 23996 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110729 | Total |
| Program Services | 89741 | ProgramServices |
| Management And General | 19377 | ManagementAndGeneral |
| Fundraising | 1611 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287685 | Total |
| Management And General | 287685 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 852437 | Total |
| Program Services | 821475 | ProgramServices |
| Management And General | 30962 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119090 | Total |
| Management And General | 119090 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUPPLIES/BOOKS/MAINTENA | 602554 | 364097 | 176258 | 62199 |
| DEPARTMENT/ATHLETICS | 378673 | 378673 | ||
| EQUIPMENT | 225640 | 225640 | ||
| MISCELLANEOUS | 123134 | 81550 | 41584 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16766078 | Total |
| Program Services | 13288648 | ProgramServices |
| Management And General | 2905565 | ManagementAndGeneral |
| Fundraising | 571865 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 321861 | BOY |
| EOY | 317138 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9057220 | BOY |
| EOY | 7330476 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2258727 | BOY |
| EOY | 2400273 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 551475 | BOY |
| EOY | 507069 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33080 | BOY |
| EOY | 34999 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306270 | BOY |
| EOY | 42770 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 32600391 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12667559 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19290974 | BOY |
| EOY | 19932832 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8368001 | BOY |
| EOY | 9563612 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346607 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 699683 | BOY |
| EOY | 686843 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41233898 | BOY |
| EOY | 40816012 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1416243 | BOY |
| EOY | 958457 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7000000 | BOY |
| EOY | 7000000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89173 | BOY |
| EOY | 62068 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 957918 | BOY |
| EOY | 919640 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9463334 | BOY |
| EOY | 8940165 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17326769 | BOY |
| EOY | 17150419 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3683234 | BOY |
| EOY | 3977847 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10760561 | BOY |
| EOY | 10747581 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31770564 | BOY |
| EOY | 31875847 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41233898 | BOY |
| EOY | 40816012 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 72118 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 33165 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 17452799 | BeginningOfYearBalance |
| Contributions | 58847 | Contributions |
| Investment Earnings Or Losses | -26128 | InvestmentEarningsOrLosses |
| Other Expenditures | 900616 | OtherExpenditures |
| End Of Year Balance | 16584902 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19601716 | BeginningOfYearBalance |
| Contributions | 59747 | Contributions |
| Investment Earnings Or Losses | -12726 | InvestmentEarningsOrLosses |
| Other Expenditures | 3116055 | OtherExpenditures |
| End Of Year Balance | 16532682 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16275969 | BeginningOfYearBalance |
| Contributions | 1054335 | Contributions |
| Investment Earnings Or Losses | 2271412 | InvestmentEarningsOrLosses |
| End Of Year Balance | 19601716 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10774080 | BeginningOfYearBalance |
| Contributions | 178806 | Contributions |
| Investment Earnings Or Losses | -500471 | InvestmentEarningsOrLosses |
| End Of Year Balance | 10452415 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.29360 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.62800 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.07840 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 336830 | OtherCostOrOtherBasis |
| Book Value | 336830 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29680199 | OtherCostOrOtherBasis |
| Depreciation | 10540466 | Depreciation |
| Book Value | 19139733 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1502706 | OtherCostOrOtherBasis |
| Depreciation | 1222164 | Depreciation |
| Book Value | 280542 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1080656 | OtherCostOrOtherBasis |
| Depreciation | 904929 | Depreciation |
| Book Value | 175727 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19932832 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADVANCE TUITION & DEPOSITS | Description |
| Amount | $919,640 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 919640 | TotalOfAmounts |
| Total Revenue | 16838196 | TotalRevenue |
| Total Expenses | 16766078 | TotalExpenses |
| Excess Or Deficit For Year | 72118 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 33165 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 33165 | TotalAdjustments |
| Excess Or Deficit Per FS | 105283 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 14083446 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 33165 | NetUnrealizedGainsInvestments |
| Other Revenues | 11786 | OtherRevenues |
| Revenue Not Rptd F990 | 44951 | RevenueNotRptdF990 |
| Revenue Subtotal | 14038495 | RevenueSubtotal |
| Other Revenues Not Included | 2799701 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2799701 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16838196 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13978163 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 11786 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 11786 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13966377 | ExpensesSubtotal |
| Other Expenses Not Included | 2799701 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2799701 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 16766078 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | EFFECTIVE JULY 1, 2010, THE ACADEMY ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. 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 AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO 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. THERE WAS NO CUMULATIVE EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS RELATED TO ADOPTION OF THESE PROVISIONS, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. THE ACADEMY IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2009 THROUGH 2012. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COST OF GOODS SOLD 11,786. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID 2,799,701. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COST OF GOODS SOLD 11,786. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID 2,799,701. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE SCHOOL'S RACIAL NONDISCRIMINATION POLICY IS PUBLISHED IN ITS CATALOGS AND BROCHURES. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 201 | NumberOfRecipients |
| Amount Of Cash Grant | 2799701 | AmountOfCashGrant |
| Description Of Non Cash Assistance | FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF TUITION REDUCTION. | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GREGORY J SCHNEIDER | NamePerson |
| Base Compensation Filing Org | 208500 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 5682 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 15228 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 229410 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | HOUSING IS PROVIDED TO THE 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCE AUTHORITY OF MAINE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 010392006 | IssuerEIN |
| CUSIP Number | NONEAVAIL | CUSIPNumber |
| Date Issued | 2011-01-05 | DateIssued |
| Issue Price | 7000000 | IssuePrice |
| Description Of Purpose | REFINANCE TOWN OF SOUTH BERWICK BONDS. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 7000000 | TotalProceeds |
| Issuance Costs From Proceeds | 157027 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 6842973 | OtherSpentProceeds |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 1 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV ARBITRAGE, LINE 2 | Identifier |
| Return Reference | VARIABLE RATE ISSUE | ReturnReference |
| Explanation | THE BOND INTEREST RATE IS FIXED AT 4.0% FOR THE FIRST FIFTEEN YEARS, WITH A RESET ON 4/5/2026 AT A RATE NO LESS THAN 4.0%; EXACT RATE TO BE DETERMINED AT THAT TIME. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| JAMES JALBERT | |||
| TRUSTEE | 7092 | BUS SERVICE | 0 |
| CHARLES CLEMENT | |||
| TRUSTEE EMERITUS | 190204 | CHARLES CLEMENT OWNS EASTERN PROPANE AND OIL, FROM WHOM THE ORGANIZATION PURCHASES THEIR PROPANE AND OIL FOR THE CAMPUS. | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCH L, PART IV | Identifier |
| Return Reference | BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: | ReturnReference |
| Explanation | (A) NAME OF PERSON: JAMES JALBERT (C&J TRAILWAYS)(B) RELATIONSHIP BETWEEN INTERESTED PERSON ORGANIZATION: TRUSTEE(C) AMOUNT OF TRANSACTION: $7,092(D) DESCRIPTION OF TRANSACTION: BUS SERVICES FOR STUDENTS(E) SHARING OF ORGANIZATION REVENUES = NO | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 57909 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | PIANOS | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 107500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE TREASURER FOR THE BOARD OF TRUSTEES IS MARRIED TO AN EX-OFFICIO (MATTHEW FRIEL AND LESLI FRIEL). | |
| 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. BUSINESS MANAGER THEN PROVIDES THE AUDIT COMMITTEE WITH A DRAFT COPY OF THE 990 TO REVIEW INDIVIDUALLY PRIOR TO VOTE. 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 MANAGERS OFFICE FROM 8:00AM TO 4:30PM, MONDAY THROUGH FRIDAY BY APPOINTMENT. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 33,165. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED. | AUDIT PROCESS OVERSIGHT |