2024-05-09T07:53:36-05:00 2023-06-30 390758449 WIPFLI LLP 1 MARKET SQUARE AUGUSTA ME 043304637 990 2022-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 043490257 ANDREW MAY CFO 2076854914 2024-05-07 1 ANDREW MAY 999009999 0 DANIELLE MARTIN CPA P01265151 2076224766 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW MAY PO BOX 257 KENTS HILL ME 043490257 21444579 0 X WWW.KENTSHILL.ORG X 1824 ME THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT. 22 20 126 47 -70594 0 4843929 2034943 10519354 13289550 1344731 905792 -27204 -112352 16680810 16117933 4020627 5133063 0 0 5503445 6058252 0 0 1149125 6432282 7439763 15956354 18631078 724456 -2513145 55504534 53263514 14923714 13867672 40580820 39395842 X THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE PERSON OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. 0 0 5133063 5133063 0 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED AND MERIT BASED. 8788380 0 13185805 PRIVATE SECONDARY SCHOOL UTILIZED BY 246 BOARDING AND DAY STUDENTS. 13921443 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 1 1 0 0 1 39 0 1 126 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ANDREW MAY 2076854914 1614 MAIN STREET KENTS HILL ME 04349 THEODORE B ALFOND VICE PRESIDENT 1.00 X X 0 0 0 MARK S ALCAIDE VP & TREASURER 1.00 X X 0 0 0 PATRICIA R HATLER PRESIDENT 1.00 X X 0 0 0 PARKER J BEVERAGE TRUSTEE 1.00 X 0 0 0 TAYLOR BODMAN TRUSTEE 1.00 X 0 0 0 PHILIP BOULTON TRUSTEE 1.00 X 0 0 0 NANCY COLHOUN TRUSTEE 1.00 X 0 0 0 CATHERINE EATON COAKLEY TRUSTEE 1.00 X 0 0 0 GORDON H FAY TRUSTEE 1.00 X 0 0 0 DEBRA GESIMONDO TRUSTEE 1.00 X 0 0 0 DAVID GREENE TRUSTEE 1.00 X 0 0 0 KEVIN HANEY TRUSTEE 1.00 X 0 0 0 JOSETTE HUNTRESS HOLLAND TRUSTEE 1.00 X 0 0 0 STEVEN MADISON TRUSTEE 1.00 X 0 0 0 CAMILLE MCGADNEY TRUSTEE 1.00 X 0 0 0 KYLE MCNULTY TRUSTEE 1.00 X 0 0 0 ALANE B O'CONNOR TRUSTEE 1.00 X 0 0 0 RICHARD O'CONNOR TRUSTEE 1.00 X 0 0 0 DAVID RHODES TRUSTEE 1.00 X 0 0 0 JANET E ROCHE TRUSTEE 1.00 X 0 0 0 WALTER WASHINGTON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CHENEY HEAD OF SCHOOL 50.00 X 244890 0 35188 ANDREW MAY CFO 50.00 X 137399 0 23583 ROBERT WHITTAKER DIRECTOR OF ADVANCEMENT 50.00 X 108720 0 15292 ALISON LINCOLN-RICH DEAN OF ENROLLMENT MGMT 50.00 X 112409 0 18222 LAJUAN R DAVIS ASSOCIATE HEAD OF SCHOOL 50.00 X 107894 0 16370 JOSEPH FITZPATRICK DIRECTOR OF HEALTH CENTER 50.00 X 101340 0 11999 812652 0 120654 6 0 1 0 SAGE DINING SERVICES INC 1402 YORK RD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 1364626 WINTHROP FUEL CO INC 111 STATE ROUTE 133 WINTHROP ME 04364 FUEL 317864 RESILIENT PHILANTHROPY LLC 531 W MORSE BLVD SUITE 100 WINTER PARK FL 32789 FUNDRAISING CONSULTANT 296077 WARREN CONSTRUCTION GROUP LLC PO BOX 360 TOPSHAM ME 04086 CONSTRUCTION & MAINTENANCE SERVICES 160246 PICTURE PERFECT PRO PAINTING LLC 584 LEIGHTON ROAD AUGUSTA ME 04330 CONSTRUCTION & MAINTENANCE SERVICES 154970 5 2034943 31638 2034943 TUITION & FEES 611110 13119827 13119827 OTHER REVENUE 611110 169723 169723 13289550 44136 44136 45975 13289 95302 160321 -49327 -147032 -196359 -103745 -70594 -22020 5817807 4956151 861656 861656 861656 198879 114872 84007 84007 16117933 13185805 -70594 967779 3049392 3049392 2083671 2083671 451493 56383 282344 112766 3889735 2983500 586590 319645 194345 157286 23310 13749 1117369 842778 165294 109297 405310 302459 67433 35418 61165 61165 562924 172183 390741 83521 79631 3890 7600 7600 236337 124468 57323 54546 754166 754166 233653 165213 17841 50599 391112 391112 1432694 1432694 228581 88382 140199 CONTRACTUAL SERVICES 1590157 1529067 61090 MAINT, SUPPLIES, & EQUI 789511 722874 41033 25604 OTHER EXPENSES 730797 672112 21925 36760 STUDENT ACTIVITIES 302461 302461 35084 35084 18631078 13921443 3560510 1149125 2432090 2304422 112089 521964 9706 90363 92033 30224 39918 491621 605776 51840090 28276454 24228432 23563636 27071793 25768321 638047 767613 55504534 53263514 506817 428168 3295662 3230053 700813 700813 10109678 9500252 310744 8386 14923714 13867672 X 27677715 27698661 12903105 11697181 40580820 39395842 55504534 53263514 X -2513145 934008 394159 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26659371 175839 1804019 447665 2362077 61165 25768322 29783384 49999 -1237468 412423 1456263 67858 26659371 25044754 74799 6198179 372214 1094958 67176 29783384 26169172 49500 814418 348611 1574004 65721 25044754 26419142 2421621 406478 2197163 67950 26169172 0.66400 0.15600 0.18000 1 0 74330 74330 47848685 25109816 22738869 3837544 3166638 670906 79531 79531 23563636 LIABILITY UNDER UNITRUST AGREEMENT 8386 8386 X 12622366 934008 764653 1698661 10923705 61165 5133063 5194228 16117933 13807345 370495 370495 13436850 61165 5133063 5194228 18631078 PART V, LINE 4: ENDOWMENT IS USED TO SUPPORT FACILITIES, CAPITAL PROJECTS, TO PROVIDE SCHOLARSHIPS, AND TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II). THE SCHOOL IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNTION THRESHOLD, THE BENEFIT OF THE POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SCHOOL HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 114,872. RENTAL EXPENSES 255,623. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 394,158. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,133,063. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 114,872. RENTAL EXPENSES 255,623. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,133,063. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS. 1 0 0 0 0 0 0 0 0 0 STUDENT FINANCIAL AID EUROPE 19 700725 SCHOLARSHIP FMV STUDENT FINANCIAL AID NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 15 623150 SCHOLARSHIP FMV STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 6 191250 SCHOLARSHIP FMV STUDENT FINANCIAL AID SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 3 194652 SCHOLARSHIP FMV STUDENT FINANCIAL AID RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 3 118075 SCHOLARSHIP FMV STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 124000 SCHOLARSHIP FMV STUDENT FINANCIAL AID SOUTH ASIA 2 131819 SCHOLARSHIP FMV 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID AND GRANTS SCHOLARSHIPS TO ELIGIBLE STUDENTS AND MAINTAINS RECORDS AS PART OF THE ENROLLMENT PROCESS. PART III ACCOUNTING METHOD: X X X X X 0 RESILIENT PHILANTHROPY PO BOX 1919 WINTER PARK FL 32790 CAMPAIGN CONSULTANT 0 0 296077 -296077 296077 -296077 1 STUDENT FINANCIAL AID 113 3049392 FMV SCHOLARSHIPS PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID AND GRANTS SCHOLARSHIPS TO ELIGIBLE STUDENTS AND MAINTAINS RECORDS AS PART OF THE ENROLLMENT PROCESS. X 1 1 X X 1 0 0 0 0 0 0 0 0 CHRISTOPHER CHENEY HEAD OF SCHOOL 244890 0 0 0 0 0 12200 0 22988 0 280078 0 0 0 ANDREW MAY CFO 137399 0 0 0 0 0 7175 0 16408 0 160982 0 0 0 PART I, LINE 4A ROBERT WHITTAKER - DIRECTOR OF ADVANCEMENT - $35,113.50 SEVERANCE WAS PAID OUT FROM 8/1/23 TO 10/31/23. THEODORE ALFOND VICE PRESIDENT TO ASSIST IN CASH FLOW X 1000000 700813 0 1 0 700813 CAMILLE MCGADNEY TRUSTEE 54450 FINANCIAL AID FINANCIAL AID FOR STUDENT ATTENDANCE AT KENTS HILL X 2 31638 FMV 0 1 1 PART I, LINE 32B: KENTS HILL SCHOOL USES A BROKERAGE ACCOUNT TO LIQUIDATE STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CHIEF FINANCIAL OFFICER, CONTROLLER AND THE AUDIT COMMITTEE AND THEN IS AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL PROVIDES TRUSTEES THE CONFLICT OF INTEREST POLICY AT A BOARD MEETING TO COMPLETE AND RETURN ON AN ANNUAL BASIS AND THE SCHOOL REVIEWS FOR ANY QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL'S HEAD OF SCHOOL COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR AND THE SCHOOL WILL PROVIDE A COPY OF THE 990 UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 394,158. ROUNDING 1. MAINE WESLEYAN BOARD OF EDUCATION 39A PLEASANT ST TOPSHAM ME 04086 237275366 TRUST ME KENTS HILL SCHOOL T 47934 1583656 1.00000 1 WILLIAM FARWELL TRUST 127 PUBLIC SQAURE CLEVELAND OH 44114 016010161 TRUST OH KENTS HILL SCHOOL T 42070 925747 0.66660 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MAINE WESLEYAN BOARD OF EDUCATION S 47934 FINANCIAL STATEMENTS WILLIAM FARWELL TRUST S 42070 FINANCIAL STATEMENTS