2024-05-14T09:45:33-05:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-07-01 010224898 Hebron Academy Incorporated HEBR 2079662100 PO Box 309 Hebron ME 04238 John Bell CFO 2079662100 2024-05-14 1 John Bell 999009999 1 Melissa Magoon CPA P01712842 2077752387 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Patrick Phillips PO Box 309 Hebron ME 04238 20469078 0 X www.hebronacademy.org X 1941 ME To operate a non-profit, private school for students from middle school to high school, and to inspire and guide students to reach their highest potential in mind, body and spirit. Our core values are fundamental to the Hebron experience. 17 17 124 40 0 0 1177295 1638166 15434517 11124236 823811 409951 13160 13160 17448783 13185513 5554375 4141016 0 0 5786284 5713160 0 0 479358 7170732 6905043 18511391 16759219 -1062608 -3573706 58306001 56759714 15949897 13513538 42356104 43246176 To operate a non-profit, private school for students from middle school to high school, and to inspire and guide students to reach their highest potential in mind, body and spirit. Our core values are fundamental to the Hebron experience. 0 0 11555167 4141016 11124236 Secondary and Middle School Education 11555167 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 9 0 1 124 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X John Bell 2079665268 339 Paris Road PO Box 309 Hebron ME 04238 J Matthew Lyness Chair 5.00 X X 0 0 0 Robert E Waite Vice Chair 5.00 X X 0 0 0 David S Prout Treasurer 5.00 X X 0 0 0 Robert J Ryan Secretary 5.00 X X 0 0 0 Felica W Coney Assistant Secretary 5.00 X X 0 0 0 Carolyn E Adams Board Member 5.00 X 0 0 0 Jane Harris Ash Board Member 5.00 X 0 0 0 Bill Becker Board Member 5.00 X 0 0 0 Debra Beacham Bloomingdale Board Member 5.00 X 0 0 0 Dr Jamie M Fey Board Member 5.00 X 0 0 0 Wende Fox Lawson Board Member 5.00 X 0 0 0 Doug Haartz Board Member 5.00 X 0 0 0 Noah Love Board Member 5.00 X 0 0 0 Barrett S Mitchell Board Member 5.00 X 0 0 0 William R Percival Board Member 5.00 X 0 0 0 Garvin L Warner Board Member 5.00 X 0 0 0 Scott E Wilson Board Member 5.00 X 0 0 0 Clement S Dwyer Jr Past Assistant Treasurer 5.00 X X 0 0 0 William G Becker III Past Board Member 5.00 X 0 0 0 Dr Robert C Greaves Past Board Member 5.00 X 0 0 0 Wallace E Higgins Past Board Member 5.00 X 0 0 0 Mathew W Johnson Past Board Member 5.00 X 0 0 0 Mary McGrady Warner Interim Head of School 40.00 X 182856 0 9004 John Bell CFO 40.00 X 125273 0 30999 Edwin Nunez Admissions Director 40.00 X 137906 0 23983 446035 0 63986 3 0 1 0 Sage Dining Services 1402 York Rd Lutherville MD 21093 Food Services 1298056 Parla USA LLC 421 W 28th St Houston TX 77008 Tuition Consultant 218760 Ad Astara International Inc 8701 Georgia Ave Ste 808 Silver Spring MD 20910 Tuition Consultant 156387 GDI Integrated Facility Services 170 John Roberts Rd Unit 5 South Portland ME 04106 Cleaning Services 151665 Active Internet Technologies LLC 655 Winding Brook Dr Ste 100 Glastonbury CT 06033 Software Services 122625 5 1638166 287297 1638166 Tuition and Fees 611600 11021194 11021194 Other Services and Fees 611710 70807 70807 Student Center 611710 16416 16416 Special Assessments 611710 15819 15819 11124236 566264 566264 13160 0 13160 13160 13160 7117052 10200 7275248 8317 -158196 1883 -156313 -156313 13185513 11124236 0 423111 4141016 4141016 348131 84557 179017 84557 4244471 2484058 1583096 177317 213184 129919 72822 10443 587156 338107 217256 31793 320218 180307 121854 18057 357967 357967 124509 124509 466039 67500 383339 15200 1236821 1151979 65575 19267 445894 153913 199453 92528 1514667 992331 515183 7153 300341 42125 250368 7848 74890 74890 1220574 1110602 99062 10910 446896 403703 38908 4285 Food Service 242578 242578 Student Activities & Su 211806 211806 Miscellaneous 174042 63244 110798 Bad Debt 88019 88019 16759219 11555167 4724694 479358 X 3075971 425704 5815063 4612577 5633362 5930605 29041 26410 43178 43895 169125 107670 36600641 19090778 18344903 17509863 20635032 23314532 2055833 2016634 2504493 2771824 58306001 56759714 624140 522962 4190320 2546643 10708765 10230348 426672 213585 15949897 13513538 X 9126600 9002985 33229504 34243191 42356104 43246176 58306001 56759714 X -3573706 3709327 754451 X X 0 0 0 X 1640447 2115055 3841336 1177295 1638166 10412299 1640447 2115055 3841336 1177295 1638166 10412299 2707198 7705101 622009 503509 431819 436493 579424 2573254 12985553 64550681 0.59340 0.62850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH Consignment Sale - Art P 1 26139317 296700 1397405 2142202 25691220 29886604 478227 -3170129 1055385 26139317 23626978 446195 7071418 1257987 29886604 22326706 1252968 847882 800578 23626978 19556405 1546098 2086754 862551 22326706 0.04589 0.72955 0.22456 0 0 623581 623581 31022830 14976956 16045874 4868543 4113822 754721 85687 85687 17509863 Funds Held For Others 120891 Deferred Vendor Rebate 92694 213585 13383766 3709327 754451 4463778 8919988 124509 4141016 4265525 13185513 12493694 0 12493694 124509 4141016 4265525 16759219 Part III, Line 4: The collection helps to explain the history of the academy as well as the alumni who attended the school. Part V, Line 4: To provide support for various activities of the academy, including provision for financial aid and related expenditures. Part XI, Line 2d - Other Adjustments: Change in Pledge Discount and Allow for Pledges 267,331. Change in Value of Split-Interest Liability 487,120. Part XI, Line 4b - Other Adjustments: Financial Aid 4,141,016. Part XII, Line 4b - Other Adjustments: Financial Aid 4,141,016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Hebron Academy publicizes its policy through student and staff handbooks as well as other publicized advertisements. 1 Student Financial Aid 225 4141016 Direct Discount of Tuition Reduction of Tuition Due From Recipient Part I, Line 2: Grant funds are a direct reduction of student tuition. Therefore, additional monitoring is not deemed to be necessary. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Mary McGrady Warner Interim Head of School 182856 0 0 0 0 0 4923 0 4081 0 191860 0 0 0 Edwin Nunez Admissions Director 137906 0 0 0 0 0 12292 0 11691 0 161889 0 0 0 John Bell CFO 125273 0 0 0 0 0 17693 0 13306 0 156272 0 0 0 Part I, Line 1a The Head of School at Hebron Academy is provided with housing located on the Hebron Academy campus. This is in accordance with an employment agreement stipulating that the Head of School is required to live on the grounds of the campus. A discretionary allowance is also available for reimbursement of housing related costs, such as maintenance and cleaning. A Finance Authority of Maine 010392006 2019-06-20 11500000 To refinance previous bond and construction loan 0 0 0 A 1000000 11500000 11500000 2019 1 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 0 X 1 287297 Fair Market Value 0 1 1 Part I, Line 32b: Should the Academy decide to sell an asset/artwork, the Board approves of this process and sells the item through an auction house or curator. Part I, Line 33: The Academy received various in-kind supplies during the year. The value of these in-kind contributions cannot be determined and thus, the Academy did not record any contribution revenue related to these items. Form 990, Part VI, Section A, line 2 Wende Fox-Lawson, Clem Dwyer, Matt Johnson and David Prout have a business relationship. Form 990, Part VI, Section B, line 11b The draft Form 990 is reviewed by the whole Board of Trustees. Once accepted, the CFO and Business Manager will approve the efiling and sign the transmittal forms. Form 990, Part VI, Section B, line 12c Hebron Academy requires all individuals or companies with whom there might be a conflict of interest complete a conflict of interest statement. The Board of Trustees also requires the individual/company work with the Chief Financial Officer and Business Manager to craft a reason why the Academy would rather do business with the individual/company versus a competitor with no conflict of interest. All individuals or companies where there is a conflict of interest are reviewed each fiscal year and conflict of interest statements are updated. Form 990, Part VI, Section B, line 15 In the first board meeting of the calendar year, the board of trustees goes into executive session to review the Head of School, which is followed up with a review of the Head of School's performance at the summer board meeting. Compensation is then discussed for the next fiscal year based on performance and comparability data of other private schools. Form 990, Part VI, Section C, line 19 Available upon request at the business office. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Hebron Academy Incorporated P.O. Box 309 Hebron, ME 04238 EIN 01-0224898 Section 1.263(a)-3(n) Election: Hebron Academy Incorporated is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Split Interest Agreement 267,331. Change in Pledge Discounting and Allowance for Pledges 487,120. Form 990, Part XII, Line 2a: Financial Statements and Reporting As of May 15, 2024, the Organization's financial statement audit for the fiscal year ended 6/30/23 is still in process and has not yet been completed. As a result, questions related to financial statement audit on Form 990 Part IV and Part XII have been answered 'no' accordingly. Split-Interest Agreements (4) Trusts ME Hebron Academy Incorporated 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0