WAYNFLETE SCHOOL: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- WAYNFLETE SCHOOL (EIN 01-0211565)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-01-10
- IRS object ID
- 201140129349301204
- Schema version
- 2009v1.4
- 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
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-01-10T08:40:57-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBIN RANDALL & BENNETT CPA'S | 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 | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010211565 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNFLETE SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAYN | NameControl |
| Phone | 2077745721 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 360 SPRING STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 04102 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANNE C HAGSTROM | Name |
| Title | DIR OF FINANCE & OPERATIONS | Title |
| Phone | 2077745721 | Phone |
| Date Signed | 2011-01-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2077721981 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARK W SEGAR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 360 SPRING STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 04102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14193025 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.WAYNFLETE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1935 | YearFormation |
| State Legal Domicile | ME | StateLegalDomicile |
| Activity Or Mission Description | TO OFFER LOWER, MIDDLE AND UPPER SCHOOL EDUCATION WHICH ENGAGES THE IMAGINATION AND INTELLECT OF ITS STUDENTS, GUIDES THEM TOWARDS SELF-GOVERNANCE AND SELF-KNOWLEDGE AND ENCOURAGES THEIR RESPONSIBLE AND CARING PARTICIPATION IN THE WORLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 325 | TotalNbrEmployees |
| Total Nbr Volunteers | 55 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 896283 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1043033 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12047856 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12262334 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 357396 | InvestmentIncomePriorYear |
| Investment Income Current Year | 366232 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 23381 | OtherRevenuePriorYear |
| Other Revenue Current Year | 30920 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13324916 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13702519 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1806921 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2131929 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8330011 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8293652 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 429146 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3457700 | OtherExpensePriorYear |
| Other Expenses Current Year | 3598333 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13594632 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14023914 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -269716 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -321395 | RevenuesLessExpensesCY |
| Total Assets BOY | 37557555 | TotalAssetsBOY |
| Total Assets EOY | 38540590 | TotalAssetsEOY |
| Total Liabilities BOY | 15586123 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16337838 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21971432 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22202752 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO OFFER LOWER, MIDDLE AND UPPER SCHOOL EDUCATION WHICH ENGAGES THE IMAGINATION AND INTELLECT OF ITS STUDENTS, GUIDES THEM TOWARDS SELF-GOVERNANCE AND SELF-KNOWLEDGE AND ENCOURAGES THEIR RESPONSIBLE AND CARING PARTICIPATION IN THE WORLD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11249716 | Expense |
| Grants | 2131929 | Grants |
| Revenue | 12316756 | Revenue |
| Description | PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 550 STUDENTS. | Description |
| Total Program Service Expense | 11249716 | 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 |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 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 | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 50 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 325 | 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 |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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 | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANNE HAGSTROM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2077745721 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 360 SPRING STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 04102 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 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 |
|---|---|---|---|---|---|---|---|
| JANE BATZELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GREGORY BOULOS | |||||||
| ASSISTANT TREASURER | 2.00 | X | 0 | 0 | 0 | ||
| CAROLYN BRAUN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CESAR BRITOS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PAUL FRIEDLAND | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GREG HASTINGS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| HILARY HOLM | |||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | X | |
| ANNE JACKSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GREGG LIPTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DIANE LUKAC | |||||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 | X | |
| JAN MACLEOD | |||||||
| OFFICER AT LARGE | 2.00 | X | 0 | 0 | 0 | ||
| SUE MCMULLAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DENNEY MORTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CYNTHIA ORCUTT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DARRELL PARDY | |||||||
| VICE PRESIDENT | 2.00 | X | 0 | 0 | 0 | X | |
| ERICA SCHAIR-CARDONA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RICHARD STEELE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| AYRES STOCKLY | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | X | |
| ROSA SCARCELLI | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARK SEGAR | |||||||
| HEAD OF SCHOOL | 50.00 | 277499 | 0 | 27413 | X | ||
| PETER HAMBLIN | |||||||
| DEAN OF STUDIES | 50.00 | 101046 | 0 | 15193 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 378545 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 42606 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1043033 | AllOtherContributions |
| Noncash Contributions | 97261 | NoncashContributions |
| Total Contributions | 1043033 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611600 | 11354385 | 11354385 |
| SUMMER PROGRAMS | 611600 | 189230 | 189230 |
| TUTORING | 611600 | 184228 | 184228 |
| CAFETERIA | 722210 | 181454 | 181454 |
| TRANSPORTATION | 480000 | 169137 | 169137 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 183900 | TotalRevenueColumn |
| Related Or Exempt Function Income | 183900 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12262334 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 307718 | TotalRevenueColumn |
| Exclusion | $307,718 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 92 | TotalRevenueColumn |
| Exclusion | $92 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 16850 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 16850 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16850 | TotalRevenueColumn |
| Exclusion | $16,850 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 526468 | Securities |
| Other | 4000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 472046 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 54422 | Securities |
| Other | 4000 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58422 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54422 | RelatedOrExemptFunctionIncome |
| Exclusion | $4,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 32530 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 18460 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14070 | TotalRevenueColumn |
| Exclusion | $14,070 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13702519 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12316756 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $342,730 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2131929 | Total |
| Program Services | 2131929 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308356 | Total |
| Management And General | 277520 | ManagementAndGeneral |
| Fundraising | 30836 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6251052 | Total |
| Program Services | 5127305 | ProgramServices |
| Management And General | 860207 | ManagementAndGeneral |
| Fundraising | 263540 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1277600 | Total |
| Program Services | 1065685 | ProgramServices |
| Management And General | 165500 | ManagementAndGeneral |
| Fundraising | 46415 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 456644 | Total |
| Program Services | 372033 | ProgramServices |
| Management And General | 66757 | ManagementAndGeneral |
| Fundraising | 17854 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91608 | Total |
| Management And General | 91608 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22017 | Total |
| Management And General | 22017 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43337 | Total |
| Management And General | 43337 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51067 | Total |
| Program Services | 44777 | ProgramServices |
| Management And General | 6290 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92944 | Total |
| Management And General | 92944 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262571 | Total |
| Program Services | 262571 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212401 | Total |
| Program Services | 208679 | ProgramServices |
| Management And General | 3572 | ManagementAndGeneral |
| Fundraising | 150 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500899 | Total |
| Management And General | 500899 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 664596 | Total |
| Program Services | 664596 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71583 | Total |
| Program Services | 71583 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MAINTENANCE, SUPPLIES, | 1428142 | 1234803 | 129397 | 63942 |
| MISCELLANEOUS | 111050 | 57461 | 50769 | 2820 |
| DUES & SUBSCRIPTIONS | 27431 | 5518 | 20273 | 1640 |
| TRUSTEE EXPENSES | 9222 | 9222 | ||
| BAD DEBTS | 6689 | 4740 | 1949 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2776 | Total |
| Program Services | 2776 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14023914 | Total |
| Program Services | 11249716 | ProgramServices |
| Management And General | 2345052 | ManagementAndGeneral |
| Fundraising | 429146 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 334206 | BOY |
| EOY | 1923311 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3148483 | BOY |
| EOY | 2960612 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3521649 | BOY |
| EOY | 236606 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52957 | BOY |
| EOY | 81532 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73034 | BOY |
| EOY | 50129 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1283 | BOY |
| EOY | 983 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207292 | BOY |
| EOY | 109910 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 24422763 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6077029 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18757962 | BOY |
| EOY | 18345734 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 406679 | BOY |
| EOY | 167848 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10104380 | BOY |
| EOY | 14470195 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 949630 | BOY |
| EOY | 193730 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37557555 | BOY |
| EOY | 38540590 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1354930 | BOY |
| EOY | 1322355 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2364540 | BOY |
| EOY | 2551355 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11090000 | BOY |
| EOY | 11090000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12720 | BOY |
| EOY | 3360 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 763933 | BOY |
| EOY | 1370768 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15586123 | BOY |
| EOY | 16337838 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14622203 | BOY |
| EOY | 18014086 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4533817 | BOY |
| EOY | 1202171 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2815412 | BOY |
| EOY | 2986495 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21971432 | BOY |
| EOY | 22202752 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37557555 | BOY |
| EOY | 38540590 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 10508486 | BeginningOfYearBalance |
| Contributions | 2975073 | Contributions |
| Investment Earnings Or Losses | 1469266 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 95590 | GrantsOrScholarships |
| Other Expenditures | 298021 | OtherExpenditures |
| Administrative Expenses | 89019 | AdministrativeExpenses |
| End Of Year Balance | 14470195 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12449245 | BeginningOfYearBalance |
| Contributions | 389791 | Contributions |
| Investment Earnings Or Losses | -1919555 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 85756 | GrantsOrScholarships |
| Other Expenditures | 325239 | OtherExpenditures |
| End Of Year Balance | 10508486 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.79390 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.20610 | PermanentEndowmentEOYBalance |
| 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 | 714802 | OtherCostOrOtherBasis |
| Book Value | 714802 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22823328 | OtherCostOrOtherBasis |
| Depreciation | 5384849 | Depreciation |
| Book Value | 17438479 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 299203 | OtherCostOrOtherBasis |
| Depreciation | 263168 | Depreciation |
| Book Value | 36035 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 585430 | OtherCostOrOtherBasis |
| Depreciation | 429012 | Depreciation |
| Book Value | 156418 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 18345734 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | COMMON FUND | Description |
| Book Value | 14470195 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 14470195 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP LIABILITY | Description |
| Amount | $1,370,768 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1370768 | TotalOfAmounts |
| Total Revenue | 13702519 | TotalRevenue |
| Total Expenses | 14023914 | TotalExpenses |
| Excess Or Deficit For Year | -321395 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1161499 | NetUnrealizedGLOnInvestments |
| Other | -$608,784 | OtherAmount |
| Total Adjustments | 552715 | TotalAdjustments |
| Excess Or Deficit Per FS | 231320 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12138989 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1161499 | NetUnrealizedGainsInvestments |
| Other Revenues | -593100 | OtherRevenues |
| Revenue Not Rptd F990 | 568399 | RevenueNotRptdF990 |
| Revenue Subtotal | 11570590 | RevenueSubtotal |
| Other Revenues Not Included | 2131929 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2131929 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13702519 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11907669 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 15684 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 15684 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11891985 | ExpensesSubtotal |
| Other Expenses Not Included | 2131929 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2131929 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 14023914 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | Waynflete has a policy of appropriating funds for distribution each year equal to 5% of its endowment fund's average fair value over the prior 12 quarters through the fiscal year-end preceding the fiscal year in which the distribution is planned. In accordance with UPMIFA, the School considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: the duration and preservation of the fund; the purposes of the School and donor-restricted endowment fund; general economic conditions; the possible effect of inflation and deflation; the expected total return from income and the appreciation of investments; other resources of the School; and the investment policies of the School. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | THE SCHOOL DOES NOT BELIEVE IT HAS TAKEN A POSITION ON ITS TAX RETURNS WHICH WOULD REQUIRE THE RECOGNITION OF A TAX BENEFIT AND, ACCORDINGLY, NO ADJUSTMENT TO THE FINANCIAL STATEMENTS HAS BEEN MADE. |
| Part XI, Line 8 - Other Adjustments: | LOSS FROM PLEDGE: -1949. UNREALIZED LOSS ON INTEREST RATE SWAP: -606835. | |
| Part XII, Line 2d - Other Adjustments: | UNREALIZED LOSS ON INTEREST RATE SWAP: -606835. LOSS ON PLEDGE: -1949. SPECIAL EVENT EXPENSES: 18460. CAPITAL CAMPAIGN EXPENSES: -2776. | |
| Part XII, Line 4b - Other Adjustments: | FINANCIAL AID: 2131929. | |
| Part XIII, Line 2d - Other Adjustments: | SPECIAL EVENT EXPENSES: 18460. CAPITAL CAMPAIGN EXPENSES: -2776. | |
| Part XIII, Line 4b - Other Adjustments: | FINANCIAL AID: 2131929. |
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 |
| Pub Via Broadcast Media Expln | WAYNFLETE SCHOOL ADVERTISES THROUGH THE MAINE ASSOCIATION OF INDEPENDENT SCHOOLS COMBINED ADVERTISMENT FOR MEMBER SCHOOLS AND IN LOCAL NEWSPAPERS. | PubViaBroadcastMediaExpln |
| 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 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | HANDS TO ART & REUNION | NameOfEvent1 |
| Gross Receipts Event1 | 29849 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 29849 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 17234 | OtherDirectExpensesEvent1 |
| Name Of Event2 | FALL FLING | NameOfEvent2 |
| Gross Receipts Event2 | 2682 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 2682 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 1226 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 32531 | GrossReceiptsTotal |
| Gross Revenue Total Events | 32531 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 18460 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 18460 | DirectExpenseSummaryEvents |
| Net Income Summary | 14071 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Amount Of Non Cash Assistance | 2131929 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | FINANCIAL AID | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| 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 |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK SEGAR | |||||||||||||
| 277499 | 0 | 0 | 0 | 0 | 0 | 16500 | 0 | 10913 | 0 | 304912 | 0 | 0 | 0 |
| PETER HAMBLIN | |||||||||||||
| 101046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15193 | 0 | 116239 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCE AUTHORITY MAINE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 010392006 | IssuerEIN |
| CUSIP Number | 56042BBM8 | CUSIPNumber |
| Date Issued | 2007-10-01 | DateIssued |
| Issue Price | 11090000 | IssuePrice |
| Description Of Purpose | CONSTRUCTION OF BUILDING | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 11090000 | TotalProceeds |
| Issuance Costs From Proceeds | 212630 | IssuanceCostsFromProceeds |
| Capital Expenditures | 10877370 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | 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 IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLS FARGO BANK | BusinessNameLine1 |
| Business Name Line2 | NA | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 27.200000000000 | TermOfHedge |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK SEGAR | NamePerson |
| Purpose Of Loan | TO PURCHASE HOUSING | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $200,000 | OriginalPrincipalAmount |
| Balance Due | 50129 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 50129 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 13 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 139444 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | REVIEWED BY THE EXECUTIVE COMMITTEE |
| Form 990, Part VI, Section B, line 12c | CONFLICT OF INTEREST IS MONITORED EVERY YEAR, AS THE TRUSTEES ARE ASKED TO COMPLETE A FORM ANNUALLY. IF A CONFLICT EXISTS, IT IS DISCUSSED AND RESOLVED AT THE BOARD LEVEL. TRUSTEES EXCUSE THEMSELVES FROM A VOTE WHEN A CONFLICT ARISES. ENFORCEMENT IS PART OF THE GOVERNING PROCESS |
| Form 990, Part VI, Section B, line 15a | THE MEMBERS OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MET NUMEROUS TIMES OVER A PERIOD OF MONTHS TO RESEARCH, ANALYZE, NEGOTIATE AND SIGN THE HEAD OF SCHOOL'S CURRENT CONTRACT. COMMITTEE MINUTES WERE TAKEN AND REMAIN ON FILE WITH OTHER BOARD DOCUMENTS. MEETINGS TOOK PLACE DURING THE SPRING OF 2008 AND RESUMED AFTER THE SUMMER INTO THE 2008-2009 SCHOOL YEAR. TO PROVIDE EXPERTISE AND ENHANCE OUR UNDERSTANDING OF THE COMPETITIVE LANDSCAPE, COMPARATIVE FINANCIAL DATA, RELEVANT CHANGES IN DEFERRED COMPENSATION REGULATIONS AND GOAL SETTING BENCHMARKS, A COMPENSATION CONSULTANT WAS RETAINED. A NUMBER OF POTENTIAL CONSULTANTS WERE CONSIDERED AND EXTENSIVE INTERVIEWS CONDUCTED WITH THREE OF THEM. THE COMMITTEE ELECTED TO WORK WITH PETER CALFEE OF CALFEE FINANCIAL. THE COMMITTEE WORKED WITH MR. CALFEE OVER MANY MONTHS TO CONSTRUCT FAIR AND COMPETITIVE CONTRACT TERMS. MR. CALFEE PROVIDED A REBUTTABLE PRESUMPTION LETTER TO THE COMMITTEE AT THE CONCLUSION OF OUR WORK. THE COMMITTEE ALSO WORKED WITH TWO ATTORNEYS TO REVIEW THE CONTRACT LANGUAGE AND TO WRITE THE SCHOOL'S 457(F) PLAN. THE COMMITTEE REVIEWED THE PRIOR CONTRACT AND EXAMINED SALARY, BENEFITS AND DEFERRED COMPENSATION DATA FOR PEER SCHOOLS AS WELL AS SCHOOLS NATIONALLY. DATA EXAMINED WAS SOURCED FROM NAIS, THE 990'S OF OTHER SCHOOLS AND THE COMPENSATION CONSULTANT RETAINED BY THE COMMITTEE. DATA WAS EXAMINED FOR HEADS WITH MODEST EXPERIENCE TO THOSE WITH EXTENSIVE EXPERIENCE, AND FOR SCHOOLS ACROSS A VARIETY OF SIZES. OUR GOAL WAS TO PROVIDE A PACKAGE THAT WAS COMPETITIVE, MARKET DRIVEN, FAIR AND REPRESENTATIVE OF THE VALUE MARK SEGAR BRINGS TO THE SCHOOL. THE COMMITTEE'S WORK WAS PRESENTED ON SEVERAL OCCASIONS TO THE FULL BOARD AND INCLUDED THE OPPORTUNITY FOR BOARD MEMBERS TO SPEAK DIRECTLY WITH THE OUTSIDE COMPENSATION CONSULTANT. THE FINAL COMPONENTS OF THE CONTRACT WERE PRESENTED TO THE BOARD AND APPROVED BY THE COMPENSATION COMMITTEE. |
| Form 990, Part VI, Section C, line 19 | Upon Request |
| Form 990, Part XI, Line 2c | THE PROCESS FOR INDEPENDENT AUDITOR SELECTION AND OVERSIGHT OF THE AUDIT DID NOT CHANGE FROM THE PRIOR YEAR. |