TRUSTEES OF THORNTON ACADEMY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THORNTON ACADEMY (EIN 01-0224769)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-11
- IRS object ID
- 202631319349301708
- Schema version
- 2024v5.0
- 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) |
|---|---|---|
| Return | 2026-05-11T09:56:15-04:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010440155 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUNYON KERSTEEN OUELLETTE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LONG CREEK DR | AddressLine1Txt |
| City | SOUTH PORTLAND | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010224769 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THORNTON ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 2072823361 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 438 MAIN STREET | AddressLine1Txt |
| City | SACO | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04072 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC PURVIS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2072823361 | PhoneNum |
| Signature | 2026-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY CHASSE | PreparerPersonNm |
| PTIN | P00967183 | PTIN |
| Phone | 2077732986 | PhoneNum |
| Preparation | 2026-05-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERIC PURVIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 438 MAIN STREET | AddressLine1Txt |
| City | SACO | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04072 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,394,497 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | THORNTONACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1811 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | THORNTON ACADEMY PREPARES STUDENTS FOR A CHANGING WORLD, CHALLENGING ALL TO LEARN, GROW, INNOVATE AND SUCCEED THROUGH A GRADE 6-12 PRIVATE SCHOOL, INCLUDING BOARDING PROGRAM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 300 | TotalEmployeeCnt |
| Total Volunteers | 118 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $874,042 | PYContributionsGrantsAmt |
| CY Contributions Grants | $529,596 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,617,709 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $33,457,409 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,215,969 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,253,474 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$5,182 | PYOtherRevenueAmt |
| CY Other Revenue | $88,588 | CYOtherRevenueAmt |
| PY Total Revenue | $33,702,538 | PYTotalRevenueAmt |
| CY Total Revenue | $35,329,067 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,575,090 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,154,199 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,232,524 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,251,939 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $406,441 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,381,082 | PYOtherExpensesAmt |
| CY Other Expenses | $11,446,126 | CYOtherExpensesAmt |
| PY Total Expenses | $30,188,696 | PYTotalExpensesAmt |
| CY Total Expenses | $31,852,264 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,513,842 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,476,803 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $62,191,014 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,716,173 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,181,460 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,290,394 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $41,009,554 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $45,425,779 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THORNTON ACADEMY PREPARES STUDENTS FOR A CHANGING WORLD, CHALLENGING ALL TO LEARN, GROW, INNOVATE AND SUCCEED THROUGH A GRADE 6-12 PRIVATE SCHOOL, INCLUDING BOARDING PROGRAM. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $30,174,656 | ExpenseAmt |
| Grant | $2,154,199 | GrantAmt |
| Revenue | $33,457,409 | RevenueAmt |
| Desc | PROVIDED GRADE 6-12 PRIVATE SCHOOL EDUCATION. STUDENTS INCLUDE THOSE FROM SENDING MUNICIPALITIES OF SACO, DAYTON AND ARUNDEL, PRIVATE PAY DAY STUDENTS AND INTERNATIONAL BOARDING STUDENTS. | Desc |
| Total Program Service Expenses | $30,174,656 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | Yes (true) | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 76 | IRPDocumentCnt |
| IRP Document W2 G | 6 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 300 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANN MARIE SWENSON | PersonNm |
| Phone | 2076024449 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 438 MAIN STREET | AddressLine1Txt |
| City | SACO | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04072 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| RENE MENARD | |||||||
| HEADMASTER | 40.00 | Yes (X) | $293,912 | $0 | $14,701 | ||
| ANN MARIE SWENSON | |||||||
| CFO | 40.00 | Yes (X) | $153,891 | $0 | $1,798 | ||
| CLINT M WILLIAMS | |||||||
| DIR. OF ENRO | 40.00 | $140,948 | $0 | $27,827 | Yes (X) | ||
| BENJAMIN B NASSE | |||||||
| DIR. OF TECH | 40.00 | $121,074 | $0 | $27,827 | Yes (X) | ||
| MATTHEW COOK | |||||||
| DIR. OF FACI | 40.00 | $121,800 | $0 | $12,487 | Yes (X) | ||
| CAROL TARANKO | |||||||
| ASSOCIATE HO | 40.00 | $141,085 | $0 | $34,133 | Yes (X) | ||
| CATHERINE HARTMAN PARADIS | |||||||
| DIR. OF RES. | 40.00 | $115,569 | $0 | $4,809 | Yes (X) | ||
| ERIC PURVIS | |||||||
| PRESIDENT | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PEGGY O'NEIL | |||||||
| VICE PRESIDE | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| VANGEL COTSIS | |||||||
| SECRETARY/TR | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PHILIP FEARON | |||||||
| ASST. TREASU | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BERNARD GAINES | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| ROBERT GOWEN | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| JOEL LEVESQUE | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| KIRK PURVIS | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| TIM MURPHY | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| PAUL REMMES | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| ANGELA BOLDUC | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| KRISTINE DELANO | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| MARK WILLETT | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| PAULA SCULLY | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| RON SCHNEIDER | |||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,088,279 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $123,582 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| FLIK INDEPENDENT SCHOOLS | ||||||
| COMPASS GROUP | 2400 YORKLMONT RD | CHARLOTTE | NC | 28217 | FOOD PROVIDER | $2,255,355 |
| CASCO BAY CLEANING LLC | ||||||
| 13 SARA LANE | PORTLAND | ME | 04103 | CLEANING/CUSTOD | $536,748 | |
| APPLE INC (ATL) | ||||||
| PO BOX 281877 | ATLANTA | GA | 303841877 | TECHNOLOGY | $400,115 | |
| JIM GODBOUT PLUMBING & HEATING INC | ||||||
| PO BOX 365 | BIDDEFORD | ME | 04005 | PLUMBING/HEATIN | $306,814 | |
| CDW LLC | ||||||
| CDW GOVERNMENT LLC | 200 N MILWAUKEE AVE | VERNON HILLS | IL | 60061 | SECURITY SYSTEM | $205,020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $75,469 | FundraisingAmt |
| Government Grants | $3,203 | GovernmentGrantsAmt |
| All Other Contributions | $450,924 | AllOtherContributionsAmt |
| Noncash Contributions | $75,469 | NoncashContributionsAmt |
| Total Contributions | $529,596 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $31,420,658 | $31,420,658 |
| MISCELLANEOUS | 524298 | $978,203 | $978,203 |
| STUDENT MEAL PROGRAM | 611600 | $709,188 | $709,188 |
| STUDENT INSURANCE | 722514 | $349,360 | $349,360 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $33,457,409 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,253,474 | TotalRevenueColumnAmt |
| Exclusion | $1,253,474 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,960 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,960 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,960 | TotalRevenueColumnAmt |
| Exclusion | $8,960 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $108,858 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $75,469 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $45,038 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,820 | TotalRevenueColumnAmt |
| Exclusion | $63,820 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $36,200 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $20,392 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,808 | TotalRevenueColumnAmt |
| Exclusion | $15,808 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,329,067 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $33,457,409 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,342,062 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,154,199 | TotalAmt |
| Program Services | $2,154,199 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,136 | TotalAmt |
| Program Services | $446,627 | ProgramServicesAmt |
| Management And General | $23,757 | ManagementAndGeneralAmt |
| Fundraising | $4,752 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,925,463 | TotalAmt |
| Program Services | $11,905,776 | ProgramServicesAmt |
| Management And General | $776,648 | ManagementAndGeneralAmt |
| Fundraising | $243,039 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $460,899 | TotalAmt |
| Program Services | $432,023 | ProgramServicesAmt |
| Management And General | $18,711 | ManagementAndGeneralAmt |
| Fundraising | $10,165 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,413,141 | TotalAmt |
| Program Services | $3,199,552 | ProgramServicesAmt |
| Management And General | $139,446 | ManagementAndGeneralAmt |
| Fundraising | $74,143 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $977,300 | TotalAmt |
| Program Services | $899,630 | ProgramServicesAmt |
| Management And General | $59,824 | ManagementAndGeneralAmt |
| Fundraising | $17,846 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,005 | TotalAmt |
| Management And General | $14,005 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,150 | TotalAmt |
| Management And General | $24,150 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,849 | TotalAmt |
| Management And General | $65,849 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,843,307 | TotalAmt |
| Program Services | $1,736,249 | ProgramServicesAmt |
| Management And General | $103,808 | ManagementAndGeneralAmt |
| Fundraising | $3,250 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,770 | TotalAmt |
| Program Services | $124,478 | ProgramServicesAmt |
| Fundraising | $4,292 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,776 | TotalAmt |
| Program Services | $60,001 | ProgramServicesAmt |
| Management And General | $22,863 | ManagementAndGeneralAmt |
| Fundraising | $42,912 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,232 | TotalAmt |
| Program Services | $124,643 | ProgramServicesAmt |
| Management And General | $2,874 | ManagementAndGeneralAmt |
| Fundraising | $715 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,441 | TotalAmt |
| Program Services | $165,695 | ProgramServicesAmt |
| Management And General | $1,446 | ManagementAndGeneralAmt |
| Fundraising | $300 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,820 | TotalAmt |
| Program Services | $536,820 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,812,974 | TotalAmt |
| Program Services | $1,812,974 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $545,010 | TotalAmt |
| Program Services | $542,975 | ProgramServicesAmt |
| Management And General | $1,453 | ManagementAndGeneralAmt |
| Fundraising | $582 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CAMPUS MEAL PROGRAM | $2,192,104 | $2,191,863 | $241 | |
| MAINTENANCE, SUPPLIES | $1,602,521 | $1,602,521 | ||
| OTHER PROGRAM EXPENSE | $1,093,656 | $1,089,884 | $3,772 | |
| UTILITIES | $830,153 | $830,153 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,358 | TotalAmt |
| Program Services | $318,593 | ProgramServicesAmt |
| Management And General | $16,092 | ManagementAndGeneralAmt |
| Fundraising | $673 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,852,264 | TotalAmt |
| Program Services | $30,174,656 | ProgramServicesAmt |
| Management And General | $1,271,167 | ManagementAndGeneralAmt |
| Fundraising | $406,441 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,403 | BOYAmt |
| EOY | $1,295,667 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,839,698 | BOYAmt |
| EOY | $15,833,258 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,566 | BOYAmt |
| EOY | $56,299 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,356 | BOYAmt |
| EOY | $1,004,842 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,950 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $96,697 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $62,430,802 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,723,016 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,396,943 | BOYAmt |
| EOY | $32,707,786 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,010,097 | BOYAmt |
| EOY | $13,495,122 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,001 | BOYAmt |
| EOY | $226,502 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,191,014 | BOYAmt |
| EOY | $64,716,173 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,727,296 | BOYAmt |
| EOY | $2,852,865 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,937,746 | BOYAmt |
| EOY | $2,455,841 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,981,962 | BOYAmt |
| EOY | $13,679,001 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $298,339 | BOYAmt |
| EOY | $286,080 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $236,117 | BOYAmt |
| EOY | $16,607 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,181,460 | BOYAmt |
| EOY | $19,290,394 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,399,843 | BOYAmt |
| EOY | $36,892,951 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,609,711 | BOYAmt |
| EOY | $8,532,828 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,009,554 | BOYAmt |
| EOY | $45,425,779 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,191,014 | BOYAmt |
| EOY | $64,716,173 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,476,803 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,014,891 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | -$75,469 | DonatedServicesAndUseFcltsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,552,401 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,776,243 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,269,477 | OtherExpendituresAmt |
| End Year Balance | $19,059,167 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,799,974 | BeginningYearBalanceAmt |
| Contributions | $390,675 | ContributionsAmt |
| Investment Earnings Or Losses | $1,788,305 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $894,411 | OtherExpendituresAmt |
| End Year Balance | $22,873,365 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,365,323 | BeginningYearBalanceAmt |
| Contributions | $1,017,868 | ContributionsAmt |
| Investment Earnings Or Losses | $1,223,708 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $806,925 | OtherExpendituresAmt |
| End Year Balance | $19,799,974 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,990,824 | BeginningYearBalanceAmt |
| Contributions | $170,101 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,523,270 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $272,332 | OtherExpendituresAmt |
| End Year Balance | $18,365,323 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,948,535 | BeginningYearBalanceAmt |
| Contributions | $724,196 | ContributionsAmt |
| Investment Earnings Or Losses | $2,518,621 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $200,528 | OtherExpendituresAmt |
| End Year Balance | $19,990,824 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.76350 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.09710 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.13940 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $753,000 | OtherCostOrOtherBasisAmt |
| Book Value | $753,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $44,866,336 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,482,432 | DepreciationAmt |
| Book Value | $23,383,904 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,598,480 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,043,229 | DepreciationAmt |
| Book Value | $555,251 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,212,986 | OtherCostOrOtherBasisAmt |
| Depreciation | $197,355 | DepreciationAmt |
| Book Value | $8,015,631 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $32,707,786 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RIGHT OF USE LIABILITY - FINANCE | Desc |
| Amt | $16,607 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $16,607 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $34,242,563 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,014,891 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $45,038 | OtherRevenueAmt |
| Revenue Not Reported | $1,059,929 | RevenueNotReportedAmt |
| Revenue Subtotal | $33,182,634 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $65,849 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $2,080,584 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,146,433 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $35,329,067 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $29,826,338 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $75,469 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $45,038 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $120,507 | ExpensesNotReportedAmt |
| Expenses Subtotal | $29,705,831 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $65,849 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $2,080,584 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,146,433 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,852,264 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY IF THE ACADEMY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | FUNDRAISING EXPENSE 45,038 |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | FINANCIAL AID 2,080,584 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | FUNDRAISING EXPENSE 45,038 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | FINANCIAL AID 2,080,584 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING LANGUAGE APPEARS ON ALL STUDENT CONTRACTS AND APPEARS ON THORNTON ACADEMY'S WEBSITE: THORNTON ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, AGE, SEXUAL PRFERENCE, DIABILITY, RELIGION OR NATIONAL AND ETHIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AID PROGRAMS, ATHLETICS, OR OTHER SCHOOL ADMINISTERED PROGRAMS AND ACTIVITIES. THORNTON ACADEMY CONSIDERS ALL PERSONS WITHOUT REGARD TO RACE, AGE, COLOR, ANCESTRY OR NATIONAL ORIGIN, RELIGION, GENDER, SECUAL ORIENTATION, PHYSICAL OR MENTAL DISABILITY, MARITAL, VERTERN OR ANY OTHER LEGALLY PROTECTED STATUS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $184,327 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $75,469 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $108,858 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $5,984 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $39,054 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $184,327 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $75,469 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $108,858 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $5,984 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $39,054 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $45,038 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $63,820 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Labor Bingo | false | VolunteerLaborBingoInd |
| Volunteer Labor Pull Tabs | false | VolunteerLaborPullTabsInd |
| Gross Revenue Other Gaming | $36,200 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $20,000 | CashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $392 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | false | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $36,200 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $20,000 | CashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $392 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $20,392 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $15,808 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Licensed | Yes (true) | LicensedInd |
| License Suspended Etc | false | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | false | GamingWithNonmembersInd |
| Member Of Other Entity | false | MemberOfOtherEntityInd |
| Individual With Books | BETHANY CYR | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 438 MAIN STREET | AddressLine1Txt |
| City | SACO | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04072 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | false | CntrctWith3rdPrtyForGameRevInd |
| Charitable Distribution Rqr | false | CharitableDistributionRqrInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID & SCHOLARSH | GrantTypeTxt |
| Recipient | 105 | RecipientCnt |
| Non Cash Assistance | $2,154,199 | NonCashAssistanceAmt |
| Non Cash Assistance | GRANTS & SCHOLA | NonCashAssistanceDesc |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | false | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| RENE MENARD | ||||
| HEADMASTER | $293,912 | $12,903 | $1,798 | $308,613 |
| ANN MARIE SWENSON | ||||
| CFO | $153,891 | $1,798 | $155,689 | |
| CLINT M WILLIAMS | ||||
| DIR. OF ENROLLMENT | $140,948 | $27,827 | $168,775 | |
| CAROL TARANKO | ||||
| ASSOCIATE HOS | $141,085 | $6,306 | $27,827 | $175,218 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PROVIDED HOUSING FOR THE HEADMASTER, RENE MENARD. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCE AUTHORITY OF MAINE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 010392006 | BondIssuerEIN |
| CUSIP | 999999999 | CUSIPNum |
| Bond Issued | 2017-02-01 | BondIssuedDt |
| Issue Price | $23,500,000 | IssuePriceAmt |
| Purpose | REFINANCE BONDS; FINANCE CAPITAL PROJECTS AND PURCHASE OF REAL PROPERTY. | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $23,500,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $137,014 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $23,362,986 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | Yes (true) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (true) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | Yes (true) | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PURPOSE OF ISSUE DESCRIPTION | FINANCE AUTHORITY OF MAINE REFINANCE BONDS; FINANCE CAPITAL PROJECTS AND PURCHASE OF REAL PROPERTY. |
| DATE REBATE COMPUTATION PERFORMED | FINANCE AUTHORITY OF MAINE 02/01/17 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIRK PURVIS | PersonNm |
| Relationship With Org | TRUSTEE | RelationshipWithOrgTxt |
| Cash Grant | $11,325 | CashGrantAmt |
| Type Of Assistance | TUITION REMISSION | TypeOfAssistanceTxt |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $3,436 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,808 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | GIFT CARDS | 82 | $30,770 | FAIR MARKET VALUE |
| Yes (X) | EVENT TICKETS | 10 | $4,569 | FAIR MARKET VALUE |
| Yes (X) | ACCESSORIES | 7 | $904 | FAIR MARKET VALUE |
| Yes (X) | MISCELLANEOUS | 49 | $32,982 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 2 | ERIC PURVIS KIRK PURVIS TRUSTEE TRUSTEE BROTHERS |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FINANCE DIRECTOR AND PRESIDENT EACH REVIEW THE FORM 990. |
| FORM 990, PAGE 6, PART VI, LINE 12C | TRUSTEES SELF REGULATE THEIR CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE IDENTIFIED AND THE TRUSTEE ABSTAINS FROM ANY RELATED VOTES TO THE INTEREST CONFLICT AS APPROPRIATE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR HEADMASTERS AND OFFICERS IS DETERMINED BY THE BOARD OF TRUSTEES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR HEADMASTERS AND OFFICERS IS DETERMINED BY THE BOARD OF TRUSTEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | FUNDRAISING EXPENSE 45,038 FINANCIAL AID -2,080,584 FUNDRAISING EXPENSE -45,038 FINANCIAL AID 2,080,584 |