BERWICK ACADEMY TRUSTEES: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BERWICK ACADEMY TRUSTEES (EIN 01-0223755)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-04
- IRS object ID
- 201201259349301460
- Schema version
- 2010v3.4
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-04T15:06:50-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUNYON KERSTEEN OUELLETTE | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LONG CREEK DRIVE | AddressLine1 |
| City | SOUTH PORTLAND | City |
| State | ME | State |
| ZIP Code | 04106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | 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 | 2012-05-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS EMERY | Name |
| Phone | 2077732986 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GREGORY 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 | 35774132 | 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 PERFORMACE 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 | 233 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 749 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1396653 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1585104 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12784743 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13756497 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 25996 | InvestmentIncomePriorYear |
| Investment Income Current Year | 58166 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 60439 | OtherRevenuePriorYear |
| Other Revenue Current Year | 102656 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14267831 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15502423 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1919300 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2358207 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8713324 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8578854 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 458930 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4656191 | OtherExpensePriorYear |
| Other Expenses Current Year | 4812624 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15288815 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15749685 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1020984 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -247262 | RevenuesLessExpensesCY |
| Total Assets BOY | 45073799 | TotalAssetsBOY |
| Total Assets EOY | 41233898 | TotalAssetsEOY |
| Total Liabilities BOY | 12175214 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9463334 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 32898585 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31770564 | 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 PERFORMACE 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 | 12155555 | Expense |
| Grants | 2358207 | Grants |
| Revenue | 13807846 | Revenue |
| Description | INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 585 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINE, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. | Description |
| Total Program Service Expense | 12155555 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 1 | FundraisingActivities |
| Gaming | 1 | 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 | 1 | 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 | 19 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 233 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| 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 (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MARK H TAY | |||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 | |
| MATTHEW R FRIEL | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| ERIC S KATZ | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| ALEX AUTY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| NINA BINNIE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PHIL CAVANAUGH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KATE GLASSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMESON S FRENCH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT J HOY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES JALBERT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CAROLINE C LEVINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HOLLY A MALLOY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PETER M MARTIN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LUCAS M MERROW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN NOERDLINGER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL J SCHAFER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FRED A SEIGEL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MALCOLM E SMITH III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARGARET M TALCOTT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GREGORY J SCHNEIDER | |||||||
| HEAD OF SCHOOL | 50.00 | X | X | 188212 | 0 | 30560 | X |
| GINGER MATHEWS | |||||||
| EX-OFFICIO | 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 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 188212 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 30560 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| QUIRK CONSTRUCTION CORP | |||||
| 1 MARTEL WAY | GEORGETOWN | MA | 01833 | CONSTRUCTION - VARIOUS | 800029 |
| SAGE DINING SERVICES INC | |||||
| 222 BOSLEY AVENUE SUITE B7 | TOWSON | MD | 21204 | DINING SERVICES | 627724 |
| STUDENT TRANSPORTATION OF AMERICA | |||||
| 3349 HIGHWAY 138 BUILDING B SUITE | WALL | NJ | 07719 | STUDENT TRANSPORTATION | 399779 |
| STROGEN'S HVAC | |||||
| 113 MILTON ROAD | ROCHESTER | NH | 03868 | HVAC | 104360 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 199357 | FundraisingEvents |
| All Other Contributions | 1385747 | AllOtherContributions |
| Noncash Contributions | 47585 | NoncashContributions |
| Total Contributions | 1585104 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 13150472 | 13150472 |
| AUXILIARY INSTRUCTION | 611600 | 252391 | 252391 |
| TRANSPORTATION | 480000 | 202128 | 202128 |
| SUMMER PROGRAMS | 611600 | 51771 | 51771 |
| AFTERCARE | 624410 | 50055 | 50055 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49680 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49680 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13756497 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51489 | TotalRevenueColumn |
| Exclusion | $51,489 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4747 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4747 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4747 | TotalRevenueColumn |
| Exclusion | $4,747 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20183522 | Securities |
| Other | 8798 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20185643 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -2121 | Securities |
| Other | 8798 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6677 | TotalRevenueColumn |
| Exclusion | $6,677 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 86179 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 199357 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 69091 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17088 | TotalRevenueColumn |
| Unrelated Business Revenue | 749 | UnrelatedBusinessRevenue |
| Exclusion | $16,339 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 30025 | GrossIncomeGaming |
| Gaming Direct Expenses | 553 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29472 | TotalRevenueColumn |
| Exclusion | $29,472 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 17625 | GrossSalesOfInventory |
| Cost Of Goods Sold | 16422 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1203 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1203 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SODA/VENDING MACHINES/ | 900099 | 18256 | 18256 |
| YEARBOOK INCOME | 611600 | 12410 | 12410 |
| STUDENT ACTIVITIES | 611600 | 9765 | 9765 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9715 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9715 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 50146 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15502423 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13807846 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 749 | UnrelatedBusinessRevenue |
| Exclusion | $108,724 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2358207 | Total |
| Program Services | 2358207 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253145 | Total |
| Program Services | 84382 | ProgramServices |
| Management And General | 84382 | ManagementAndGeneral |
| Fundraising | 84381 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5708030 | Total |
| Program Services | 4601337 | ProgramServices |
| Management And General | 929751 | ManagementAndGeneral |
| Fundraising | 176942 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384269 | Total |
| Program Services | 303121 | ProgramServices |
| Management And General | 71189 | ManagementAndGeneral |
| Fundraising | 9959 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1766613 | Total |
| Program Services | 1360502 | ProgramServices |
| Management And General | 345553 | ManagementAndGeneral |
| Fundraising | 60558 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 466797 | Total |
| Program Services | 368088 | ProgramServices |
| Management And General | 78992 | ManagementAndGeneral |
| Fundraising | 19717 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17200 | Total |
| Management And General | 17200 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12285 | Total |
| Management And General | 12285 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1205151 | Total |
| Program Services | 1059243 | ProgramServices |
| Management And General | 145908 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23635 | Total |
| Program Services | 4024 | ProgramServices |
| Management And General | 19611 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 622328 | Total |
| Program Services | 390251 | ProgramServices |
| Management And General | 126965 | ManagementAndGeneral |
| Fundraising | 105112 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86865 | Total |
| Management And General | 86865 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 472785 | Total |
| Program Services | 449409 | ProgramServices |
| Management And General | 23376 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52543 | Total |
| Program Services | 42393 | ProgramServices |
| Management And General | 7889 | ManagementAndGeneral |
| Fundraising | 2261 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463493 | Total |
| Management And General | 463493 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838923 | Total |
| Program Services | 798712 | ProgramServices |
| Management And General | 40211 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125144 | Total |
| Management And General | 125144 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| DEPARTMENT/ATHLETICS | 315573 | 315573 | |
| EQUIPMENT | 265632 | 265632 | |
| BAD DEBTS/TUITION ADJUS | 150741 | 150741 | |
| MISCELLANEOUS | 140013 | 140013 | |
| VEHICLES | 20313 | 20313 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15749685 | Total |
| Program Services | 12155555 | ProgramServices |
| Management And General | 3135200 | ManagementAndGeneral |
| Fundraising | 458930 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70700 | BOY |
| EOY | 321861 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21239118 | BOY |
| EOY | 9057220 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2685234 | BOY |
| EOY | 2258727 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 464210 | BOY |
| EOY | 551475 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39112 | BOY |
| EOY | 33080 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 264006 | BOY |
| EOY | 306270 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 31147280 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11856306 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18966160 | BOY |
| EOY | 19290974 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 330939 | BOY |
| EOY | 8368001 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 336010 | BOY |
| EOY | 346607 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 678310 | BOY |
| EOY | 699683 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45073799 | BOY |
| EOY | 41233898 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1494694 | BOY |
| EOY | 1416243 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9815000 | BOY |
| EOY | 7000000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133048 | BOY |
| EOY | 89173 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 732472 | BOY |
| EOY | 957918 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12175214 | BOY |
| EOY | 9463334 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18606158 | BOY |
| EOY | 17326769 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3635100 | BOY |
| EOY | 3683234 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10657327 | BOY |
| EOY | 10760561 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32898585 | BOY |
| EOY | 31770564 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45073799 | BOY |
| EOY | 41233898 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -247262 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -880759 | 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 | 19601716 | BeginningOfYearBalance |
| Contributions | 59747 | Contributions |
| Investment Earnings Or Losses | -12726 | InvestmentEarningsOrLosses |
| Other Expenditures | 3116055 | OtherExpenditures |
| End Of Year Balance | 16532682 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 | 0.33800 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.06510 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.59690 | 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 | 28393928 | OtherCostOrOtherBasis |
| Depreciation | 9776231 | Depreciation |
| Book Value | 18617697 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1395206 | OtherCostOrOtherBasis |
| Depreciation | 1174475 | Depreciation |
| Book Value | 220731 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1021316 | OtherCostOrOtherBasis |
| Depreciation | 905600 | Depreciation |
| Book Value | 115716 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19290974 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADVANCE TUITION & DEPOSITS | Description |
| Amount | $957,918 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 957918 | TotalOfAmounts |
| Total Revenue | 15502423 | TotalRevenue |
| Total Expenses | 15749685 | TotalExpenses |
| Excess Or Deficit For Year | -247262 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 217664 | NetUnrealizedGLOnInvestments |
| Other | -$1,098,423 | OtherAmount |
| Total Adjustments | -880759 | TotalAdjustments |
| Excess Or Deficit Per FS | -1128021 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13117800 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 217664 | NetUnrealizedGainsInvestments |
| Other Revenues | 16422 | OtherRevenues |
| Revenue Not Rptd F990 | 234086 | RevenueNotRptdF990 |
| Revenue Subtotal | 12883714 | RevenueSubtotal |
| Investment Expenses Not Included | 12285 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2606424 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2618709 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15502423 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13395615 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 16422 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 16422 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13379193 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 12285 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2358207 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2370492 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15749685 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 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: | THE ACADEMY FOLLOWS 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 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, 2008 THROUGH 2011. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | LOSS ON BOND EXTINGUISHMENT -850,206. BOOK/TAX DIFFERENCE IN RECORDING OF FUNDRAISING OF PARENTS ASSOCIATION -248,217. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COST OF GOODS SOLD 16,422. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID 2,358,207. NET FUNDRAISING ACTIVITIES 248,217. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COST OF GOODS SOLD 16,422. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID 2,358,207. |
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 G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | COMMUNITY BENEFIT AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 285536 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 199357 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 86179 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 19468 | RentFacilityCostsEvent1 |
| Entertainment Event1 | 2500 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 20025 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 285536 | GrossReceiptsTotal |
| Charitable Contributions Total | 199357 | CharitableContributionsTotal |
| Gross Revenue Total Events | 86179 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 19468 | RentFacilityCostsTotalEvents |
| Entertainment Total Events | 2500 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 20025 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 41993 | DirectExpenseSummaryEvents |
| Net Income Summary | 44186 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 30025 | GrossRevenueOtherGaming |
| Non Cash Prizes Other Gaming | 553 | NonCashPrizesOtherGaming |
| Volunteer Labor Other Gaming | 1 | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 1.00000 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 30025 | GrossRevenueTotalGaming |
| Non Cash Prizes Total Gaming | 553 | NonCashPrizesTotalGaming |
| Direct Expense Summary Gaming | 553 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 29472 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | ME | StatesWhereGamingConducted |
| Licensed | 0 | Licensed |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 0 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
| Charitable Distrib Required | 0 | CharitableDistribRequired |
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 | 2358207 | 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 | 188212 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 9900 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 20660 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 218772 | 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 |
| Date Issued | 2011-01-05 | DateIssued |
| Issue Price | 7000000 | IssuePrice |
| Description Of Purpose | REFINANCE TOWN OF SOUTH BERWICK BONDS. SEE DETAIL DESCRIPTION. | 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 |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| 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 V Form990ScheduleKPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| SCHEDULE K SUPPLENTAL INFORMATION | REFUND PRIOR ISSUE TOWN OF SOUTH BERWICK DATED 1998 AND REFUND PRIOR ISSUE TOWN OF SOUTH BERWICK DATED 2000. | |
| PART IV ARBITRAGE, LINE 2 | 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. | VARIABLE RATE ISSUE |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JAMES JALBERT CJ TRAILWAYS | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE | Relationship |
| Amount Of Transaction | 5272 | AmountOfTransaction |
| Description Of Transaction | BUS SERVICES FOR STUDENTS | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 47585 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | 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 (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TREASURER BOARD OF TRUSTEES MARRIED TO EX-OFFICIO. MATTHEW FRIEL & LESLI FRIEL. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BUSINESS MANAGER PREPARES RAW MATERIALS FOR 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 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. | |
| NEW BOARD MEMBERS EDUCATED BY COMMITTEE ON TRUSTEE THROUGH ORIENTATION PROCESS. ANNUALLY THE BOARD MEMBER DISCLOSURE AND POLICY IS REVIEWED AND SIGNED BY EACH MEMBER AT THE FIRST BOARD MEETING. COMMITTEE ON TRUSTEES IS MADE AWARE OF ANY ISSUES. MANAGEMENT MONITORS ANY DISCLOSURES AND KEEP WATCH FOR ANY CONFLICTS OF INTEREST. AT THIS TIME, NO CONFLICT OF INTERESTS HAVE BEEN SELF-IDENTIFIED NOR IDENTIFIED BY THE COMMITTEE ON TRUSTEES OR MANAGEMENT. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE BOARD OF TRUSTEES HAS AN AD HOC COMPENSATION COMMITTEE WHICH REVIEWS AND RESEARCHES THE HEAD OF SCHOOL COMPENSATION ON AN ONGOING BASIS. THE HEAD OF SCHOOL, AND THE BUSINESS MANAGER REVIEW AND RESEARCH MANAGEMENT COMPENSATION. HOS/BM PARTICIPATE IN A VARIETY OF BENCHMARKING ORGANIZATION AND REVIEW COMPENSATION ON AN ONGOING BASIS. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ACADEMY'S FORM 990 IS AVAILABLE ONLINE AT GUIDESTAR. 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 8:00AM TO 4:30PM MONDAY THROUGH FRIDAY BY APPOINTMENT. | FORM 990, PART VI, SECTION C, LINE 18 | |
| 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 8:00AM TO 4:30PM MONDAY THROUGH FRIDAY BY APPOINTMENT. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 217,664. LOSS ON BOND EXTINGUISHMENT -850,206. BOOK/TAX DIFFERENCE IN RECORDING OF FUNDRAISING OF PARENTS ASSOCIATION -248,217. TOTAL TO FORM 990, PART XI, LINE 5: -880,759. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED. | FORM 990, PART XII, LINE 2C: AUDIT PROCESS OVERSIGHT: | |
| IN THE YEAR ENDED JUNE 30, 2011 AUDITED FINANCIAL STATEMENTS, RECLASSIFICATIONS WERE MADE TO THE FINANCIAL STATEMENTS THAT INCREASED THE AMOUNT PRESENTED AS ENDOWMENT FUNDS. SCHEDULE INFORMATION PRESENTED FOR THE ACADEMY'S ENDOWMENT FUNDS WERE UPDATED FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. INFORMATION FOR THE YEAR ENDED JUNE 30, 2009 WAS NOT READILY AVAILABLE. | SCHEDULE D, PART V, ENDOWMENT FUNDS - TWO YEARS BACK: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERWICK ACADEMY PARENTS ASSOCIATION | BusinessNameLine1 |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010420411 | EIN |
| Primary Activities | SUPPORT THE ACTIVITIES OF BERWICK ACADEMY | PrimaryActivities |
| Legal Domicile State | ME | LegalDomicileState |
| Public Charity Status | 509(A)(3) | PublicCharityStatus |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| BERWICK ACADEMY PARENTS ASSOCIATION | |
| C | 133307 |
| BERWICK ACADEMY PARENTS ASSOCIATION | |
| I | |
| BERWICK ACADEMY PARENTS ASSOCIATION | |
| M | |