2024-11-13T07:28:48-06:00 2023-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-01-01 237352599 Kieve Wavus Education Inc KIEV 2075635172 PO Box 169 Nobleboro ME 04555 Keith Orlando Chief Financial Officer 2075635172 2024-11-12 1 0 Connor Smart P02285543 2078792100 2024-11-12 2023 2024-10-15 13:58:12Z Sam Kennedy PO Box 169 Nobleboro ME 04555 13521851 0 X www.kwe.org X 1926 ME To help people grow through experiential programs led by inspirational role models. 17 17 301 18 0 0 1449690 2032089 9494043 9855831 1413417 470144 -45660 154663 12311490 12512727 900533 1237499 0 0 4443412 6813588 0 0 1510129 5181495 6163196 10525440 14214283 1786050 -1701556 44937228 47334128 3671814 5817153 41265414 41516975 X To educate and empower young people and adults to contribute positively to society. (Continued on Schedule O)We foster spiritual, intellectual, social, and physical growth in order to increase self-confidence, raise personal aspirations, and generate enthusiasm for life-long learning. Working at our spectacular camps on Damariscotta Lake, in the wilderness, in schools, and in communities, we promote the values of teamwork, kindness, respect, and environmental stewardship. 0 0 3270850 380634 4376072 Boys Camp - Traditional summer camp, experiential education in outdoor setting. 618 campers were in the 2023 camp program.Founded in 1926, Kieve is a boys' summer camp on Damariscotta Lake in Nobleboro, Maine. Kieve is a Celtic verb meaning to strive in emulation of to work hard to acquire skills, knowledge, and attitudes from others so as to improve yourself and the program is built on this foundation, providing a staff full of tremendous role models worthy of emulation. Campers ranging from 8-17 years old experience a wide variety of in-camp activities and a set of increasingly longer and more challenging wilderness trips as they get older. 2945443 338338 3889812 Girls Camp: Traditional summer camp, experiential education in outdoor setting. 559 campers were in the 2023 camp program.Our campers, ranging from 8-17 years old, experience a wide variety of traditional in-camp activities and a unique series of wilderness tripping adventures that increase in challenge as they grow older. Our girls return year after year to test themselves and to bond with their cabin mates while each girl discovers that there is more grit and grace within her than she could have imagined. We develop leaders with a sense of self and who possess the strength of character necessary to meet the challenges of the world in which they live. We honor the words of Helen Keller "Life is either a daring adventure or nothing." 2772700 518527 1656563 Facilitate Events & Retreats: The Leadership School (TLS) - Non-traditional limited purpose educational school teaching leadership skills to middle school aged children. Making good decisions and the consequences of poor decisions is the primary focus. In a typical year, Kieve-Wavus Education (KWE) sees over 200 contracted programs serving more than 10,000 boys, girls and visiting teachers at, on average, a 60% scholarship rate.(Continued on Schedule O)Educators In Residence (EIR): Trained faculty of TLS were provided to Maine public schools with a total student body of almost 3,000 for ten to twenty weeks. The EIR program was tailored to meet the needs of each school, but primary emphasis was to reinforce the TLS principals stressed to the students who had attended the TLS residential program and with other grade levels and teachers throughout each school. This program had a 90% scholarship rate.Youth-oriented nonprofit programs - KWE to host leadership retreats and training for local community organizations such as "Out as I want to be." 488164 0 7602 Other Programs - Kennedy Learning Center & Jewell Lodge.The Kennedy Learning Center is a place where work teams visit to learn and grow, where groups spend time to think and create, and where families come together to celebrate and share.After an eventful and joyous camp season, the Wavus campus becomes a place of transformation and relaxation for others with a similar mission to strengthen individuals and community. Through KWE sponsored programs as well as those hosted for other non-profit programs, such as For Pete's Sake and Maine Adaptive, the Wavus campus and its Jewell Lodge are remarkable spaces for large group retreats. 488164 0 7602 9477157 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 1 0 1 0 0 0 0 1 0 0 0 1 29 0 1 301 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Keith Orlando Chief Financial Officer 2075635172 PO Box 169 Nobleboro ME 04555 James Blue Trustee 1.00 0.00 X 0 0 0 Reid Bolton Trustee (start 4/2023) 1.00 0.00 X 0 0 0 Gretchen Brinkler Trustee (start 4/2023) 1.00 0.00 X 0 0 0 W Morgan Churchman III Trustee 1.00 0.00 X 0 0 0 Lynley W Ciorobea Trustee 1.00 0.00 X 0 0 0 Christopher T Dougherty Trustee 1.00 0.00 X 0 0 0 Pamela K Jensen Trustee 1.00 0.00 X 0 0 0 Louise W McIlhenny Trustee (end 11/2023) 1.00 0.00 X 0 0 0 Clifford E Muller Trustee 1.00 0.00 X 0 0 0 Bree Murray Trustee (start 11/2023) 1.00 0.00 X 0 0 0 Gabriela Perez Rocchietti Trustee 1.00 0.00 X 0 0 0 Libby Schroeder Trustee 1.00 0.00 X 0 0 0 Mistye Wilson Trustee 1.00 0.00 X 0 0 0 William A Knowlton Chair 8.00 0.00 X X 0 0 0 Kathryn H Redmond Vice Chair 3.00 0.00 X X 0 0 0 J Harrison Stuart Vice Chair 3.00 0.00 X X 0 0 0 Matthew J McKenna Treasurer 3.00 0.00 X X 0 0 0 John W Geismar Secretary 3.00 0.00 X X 0 0 0 Henry Kennedy Executive Director Emeritus 45.00 0.00 X 447065 0 51094 Sam Kennedy Executive Director 45.00 0.00 X 225163 0 94562 Christopher Renyi Business Director 40.00 0.00 X 89509 0 28347 Charles Richardson Jr Senior Advisor to Executive Director 45.00 0.00 X 267623 0 61865 Sam Kaplan Camp Director 45.00 0.00 X 175983 0 88519 1205343 0 324387 4 0 1 0 Bernstein Shur Sawyer & Nelson PA PO Box 9729 Portland ME 04104 Legal Services 273253 Pierce Atwood LLP 254 Commercial Street Portland ME 04101 Legal Services 195256 2 21773 2010316 31318 2032089 Boys camp tuition 611600 4376072 4376072 Girls camp tuition 611600 3889812 3889812 Facilitated events & retreats 611600 1582345 1582345 Kennedy Learning Center & Jewell 611600 7602 7602 9855831 560687 560687 47374 0 47374 47374 47374 786954 877497 -90543 -90543 -90543 0 21773 13262 -13262 -13262 192583 118365 74218 74218 Timber sales 110000 46333 46333 46333 12512727 9930049 0 550589 1475 1475 1236024 1236024 935740 489998 306566 139176 5149878 2452257 2042589 655032 224119 130961 28534 64624 226242 157013 15840 53389 277609 210561 9941 57107 468509 468509 28300 28300 49777 49777 582361 209617 97421 275323 195286 145968 5840 43478 632616 429117 66030 137469 108444 60794 17358 30292 637574 609470 12993 15111 382027 373906 1467 6654 172857 139667 10010 23180 37178 18589 9295 9294 846264 846264 246682 190155 56527 Food/dining services 786145 786145 Camp programs/supplies 529610 529610 Student transportation 364588 364588 Provision for bad debts 94978 94978 14214283 9477157 3226997 1510129 4561550 2172002 590812 1125928 99351 99351 539458 79579 38524 181649 243332 41360955 15061608 23773281 26299347 11504486 13871912 2747805 2510289 938836 893864 44937228 47334128 1299337 2821703 1601744 1602493 768470 713633 676835 2263 2489 3671814 5817153 X 39251543 39319752 2013871 2197223 41265414 41516975 44937228 47334128 -1701556 1953117 0 X X 0 1 X 1 0 X 1226365 2714640 3024062 1449690 2032089 10446846 9071869 212463 8677124 9482371 9930049 37373876 10298234 2927103 11701186 10932061 11962138 47820722 482908 219542 162835 88946 71127 1025358 0 482908 219542 162835 88946 71127 1025358 46795364 468558 263977 663254 498079 608061 2501929 468558 263977 663254 498079 608061 2501929 40760 46333 87093 10766792 3191080 12364440 11470900 12616532 50409744 0.92830 0.93020 0.04960 0.04780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 47.60 0 0 1 0 0.00 0 14826193 548325 2266087 136044 17504561 17497932 5000 -2569339 107400 14826193 15995764 111399 1516419 125650 17497932 13915600 279000 1914562 113398 15995764 11742882 123897 2134871 86050 13915600 0.88590 0.11370 0.00040 0 0 6924940 6924940 26888210 10381154 16507056 3860887 3379990 480897 3686918 1300464 2386454 26299347 Corporate bonds 2510289 F 2510289 Capital lease obligation 2489 2489 X 14547694 1953117 131627 2084744 12462950 49777 49777 12512727 14296133 131627 131627 14164506 49777 49777 14214283 Part II, Line 9: During the year ended December 31, 2020, the Organization purchased a parcel of land in the town of Jefferson, Maine for $1,220,000. As part of that purchase, the Organization applied for a $260,000 conservation easement through the Agricultural Land Easement program of the United States Department of Agriculture. Until the Organization's easement application is approved, the Organization has a liability due to the original seller of the land in the amount of $260,000. As a result, this amount has been included as a component of accounts payable and accrued liabilities at both December 31, 2023 and 2022, in the accompanying statements of financial position. Part V, Line 4: At December 31, 2023 and 2022, the Organization held board-designated and donor-restricted endowments amounting to $17,504,561 and $14,826,193, respectively. The purpose of these endowment funds is to provide investment income and gains to further various activities of the Organization, including a provision for financial aid and related expenditures. The organization has adopted a total return spending policy. Under this policy, an amount equal to 3% (adjusted-down from 4% in November, 2022) of the market value of the fund (4.5% for the Damariscotta Lake fund), based on a rolling three-year average of the fund's calendar year-end market value, shall be available to the organization each year. Part X, Line 2: The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2) of the Code. Under GAAP, the Organization must recognize and disclose in its financial statements a liability for any uncertain tax reporting positions it has taken or expects to take when, despite the Organization's belief that its tax return positions are supportable, it is possible that certain positions may not be fully sustained upon review by tax authorities. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences impact income tax expense in the period in which such determination is made. Interest and penalties, if any, related to accrued liabilities for potential tax assessments are included in income tax expense. Management has determined that no liability for uncertain tax positions exists as of December 31, 2023. Part XI, Line 2d - Other Adjustments: Cost of goods sold 118,365. Fundraising event expenses 13,262. Part XII, Line 2d - Other Adjustments: Cost of goods sold 118,365. Fundraising event expenses 13,262. Schedule D, Part II, Conservation Easements: The Organization holds ownership over approximately fifty acres of undeveloped and natural land that has been deemed by the State of Maine to constitute a conservation easement. As part of the Organization's responsibility under this easement-designation, the Organization is to exercise stewardship over the acreage by keeping the property in its natural and undeveloped state. Accordingly, the Organization expends very little direct cost or time to the property other than annual inspections and minor landscaping expenses; overall, the Organization holds the land to protect it in its wild and unchanged state of being, but otherwise does not interfere with the conditions or natural environment of this property. Therefore, the Organization is unable to provide an amount of the staff time or costs spent in preserving the easement, though the Organization estimates that resources expended on these easements, if any at all, were nominal and immaterial to the Organization's operations. Donor Dinner 12428 12428 200 1114 1114 Donor Pub Crawl 7925 7925 2488 1927 1927 20353 20353 2688 3041 3041 8770 -8770 1 Scholarships and financial aid for tuition-funded programs. 4117 1236024 Part I, Line 2: Scholarships are given to campers and students in the form of tuition reductions; there are no direct cash payments. Scholarships are awarded on a case-by-case basis and relative to financial need. Those wishing to receive financial aid from the Organization must apply for a scholarship in accordance with the Organization's formal application policies and procedures. The Organization requires verification of income and ability (or inability) to pay when considering scholarship applicants. More information regarding the Organization's financial aid and scholarship programs, including documents and forms for application, are available on the Organization's website at: https://www.kwe.org/wavus/application-aid/ X X 1 1 X X X 0 1 0 0 0 0 0 1 0 Henry Kennedy Executive Director Emeritus 166183 0 42488 0 238394 0 39649 0 11445 0 498159 0 165904 0 Charles Richardson Jr Senior Advisor to Executive Director 149826 0 37949 0 79848 0 45000 0 16865 0 329488 0 76218 0 Sam Kennedy Executive Director 148560 0 39375 0 37228 0 69492 0 25070 0 319725 0 0 0 Sam Kaplan Camp Director 113846 0 30900 0 31237 0 68299 0 20220 0 264502 0 0 0 Part I, Line 1a Housing Allowances: Certain individuals who served the Organization in an officer, trustee, key employee, or highest compensated employee-capacity received taxable housing stipends and housing allowances during the period covered by this Form 990. These stipends have been deemed to be includable in these individuals' reportable taxable income, and have therefore been reported within their 2023 Forms W-2, Box 5 wages. Additionally, these individuals have been listed on this Form 990, Part VII, and their housing stipends are included in the figures reported on this Schedule J, Part II, Column B(iii), Other Compensation. The applicable individuals who received such housing benefits, and the value of those benefits, are as follows: - Henry Kennedy, Executive Director Emeritus: $24,000 - Sam Kennedy, Executive Director: $24,000 - Sam Kaplan, Camp Director: $24,000 Payments for Business Use of Personal Residence: During the year covered by this Form 990, the Organization entered a short-term license and use agreement with Henry Kennedy, the Organization's Executive Director Emeritus, to utilize personal properties and lodging units owned by Henry Kennedy for Kieve Wavus programs. The Organization leased the properties from Mr. Kennedy to provide additional lodging for camp guests and families. As part of the agreement, the Organization compensated Henry Kennedy $35,290, an amount considered to be reasonable and representative of the fair market value of the properties under the agreement. This agreement was subject to approval by the Organization's Board and Treasurer. Part I, Line 4b The Organization maintains a retirement plan under Internal Revenue Service Code Section 457(f) for the benefit of certain key employees and/or officers. The Organization made contributions to the plan for the benefit of these employees totaling $57,515 for this tax year; as of December 31, 2023, total assets under the plan amounted to $237,870, and are presented as other assets, with an offset to accounts payable and accrued liabilities, within the Organization's audited Statement of Financial Position and on this Form 990, Part X, Balance Sheet. For the 2023 Tax Year, the following listed individuals received 457(f) contributions under the plan: - Sam Kennedy, Executive Director: $29,515 - Sam Kaplan, Camp Director: $28,000 The 457(f) contributions have been deemed to be deferred compensation and have been included within the amounts reported this Schedule J, Part II, Column C. The contributions to these plans are to recognize many years of distinguished service to the Organization. Part I, Line 7 The Organization may from time-to-time pay bonuses, awards, and incentive compensation to select individuals upon the successful completion of defined goals and in accordance with clear performance metrics. Paddle and Thistle LLC Lots 8 1 Executive Director Emeritus Purchase land X 865000 432145 0 1 1 Richard Kennedy Lot 9 Executive Director Emeritus Purchase land X 385000 192344 0 1 1 Richard Kennedy Lots 18 20 Executive Director Emeritus Purchase land X 145000 54684 0 1 1 RCK Irrevocable Trust Executive Director Emeritus Purchase land X 95000 34460 0 1 1 713633 Henry Kennedy Executive Director Emeritus 35290 During the year covered by this Form 990, the Organization entered a short-term license and use agreement with Henry Kennedy, the Organization's Executive Director Emeritus, to utilize personal properties and lodging units owned by Henry Kennedy for Kieve Wavus programs. The Organization leased the properties from Mr. Kennedy to provide additional lodging for camp guests and families. As part of the agreement, the Organization compensated Henry Kennedy $35,290, an amount considered to be reasonable and representative of the fair market value of the properties under the agreement. This agreement was subject to approval by the Organization's Board and Treasurer. 0 Sarah Kennedy Family Member of Executive Director 66139 Sarah Kennedy is an employee of the Organization. Sarah Kennedy also shares a family relationship with Sam Kennedy and Henry Kennedy, the Organization's Executive Director and Executive Director Emeritus, respectively, during this tax year. Sarah Kennedy is a licensed nurse and is one of the few healthcare professionals available on the Kieve Wavus campus should any camp guest, visitor, or staff require medical attention. Accordingly, Sarah Kennedy, while a relative of an Officer of the Organization, is considered a valuable employee of the Organization who is necessary to the Organization's ability to fulfill its mission. Any compensation and benefits offered to Sarah would have been paid at a fair market value relative to the services performed and the quality of those services, as well as subject to review by the Organization's independent Board of Trustees. 0 Betty J Kennedy Family Member of Executive Director 52349 Betty J. Kennedy is an employee of the Organization. Betty J. Kennedy also shares a family relationship with Sam Kennedy and Henry Kennedy, the Organization's Executive Director and Executive Director Emeritus, respectively, during this tax year. Betty performs administrative services on behalf of the Organization. The employment relationship with Betty J. Kennedy has been deemed necessary and appropriate for the Organization's routine operations. Any compensation and benefits offered to Betty would have been paid at the fair market value relative to the services performed and the quality of those services, as well as subject to review by the Organization's independent Board of Trustees. 0 Form 990, Schedule L, Part II, Loans with Interested Persons Henry Kennedy served as the Organization's Executive Director Emeritus during the period covered by this Form 990, and served as the Organization's Executive Director in prior tax years. Henry Kennedy has also been a strong believer, advocate, and supporter of the Kieve Wavus mission and operation for many years. To support the Organization, Henry Kennedy, either directly or through his trusts and business interests, has provided loans to the Organization so that it may purchase land and real estate to expand its campuses and to further its exempt mission. All loan agreements offered by Henry Kennedy were subject to review and approval by the Organization's Treasurer at the time of such loan. Any fees, charges, or interest rates on these loans was set in reference to the Federal Reserve long-term government bond yield interest-rate at the time of the original loan agreement. Accordingly, the rates on these loans have not been deemed to be unreasonable; the rates were set with the intention of maintaining an objective, measurable fair market yield, without construing any unreasonable private benefit or advantage upon Henry Kennedy. In other words, it was the position of the Organization's Treasurers at the time of these loan agreements that the loan was taken due to a fair, arm's length transaction. The outstanding balances for each loan, and the applicable lending body, are disclosed on this Schedule L, Part II, and in total on this Form 990, Part X. X 519 Amount per book X 16 26344 Gift date FMV X 500 1 Amount per book X Postage 1 3955 Amount per book 0 1 1 Part I, Line 32b: The Organization engages professional investment advisors and brokers to process, sell, and/or maintain contributions of non-cash financial assets as they are received. Form 990, Part VI, Section A, line 2 Henry Kennedy and Sam Kennedy have a family relationship. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with the assistance of an independent CPA firm. The CPA firm coordinates with key officers and finance personnel of the Organization to prepare and review a draft of the Form 990 prior to its filing with the IRS. Once a completed draft of the Form 990 is prepared, the drafted return is sent to the finance and audit committee and other members of the Board of Trustees for their review and consideration; any members of the finance committee, the audit committee, or the board of trustees who are able to vote on or review the Form 990 must be deemed to be external independent trustees, and such persons must also be knowledgeable of the finances of the Organization. As these individuals consider the drafted Form 990, they are given the opportunity to ask questions and to address any concerns with the tax filing or otherwise. Lastly, the finance and audit committees meet with the Organization's engaged independent accountants to discuss the Form 990. Subsequent to this meeting, these committees will then recommend acceptance and filing of the Form 990 to the Organization and Board at large, on or before the IRS filing due date. The full Board of Trustees will issue a formal, recorded vote to accept the Form 990 prior to its filing with the IRS. The majority of the Board of Trustees are provided the Public Disclosure Copy of the Form 990 prior to filing; only key personnel and select trustees and officers review the Complete Copy of the Form 990. The only information contained in the Complete Copy that is not provided in the Public Disclosure Copy are the names and addresses of donors disclosed on Schedule B. All other information disclosed on the Form 990 is made available for the Board's review and comment prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires board members to review and sign a conflict of interest form at the annual meeting each year. Board members are required to report and potential conflicts arising during the ensuing year as they occur. Form 990, Part VI, Section B, line 15a From time-to-time the Organization will engage in a comprehensive review of the compensation package offered to its Chief Executive Officer. The purpose of this review is to ensure that the CEO's wages and benefits are appropriate and in alignment with the quality and level of services performed and with industry standards. This review has historically included the analysis of comparability data, including comparison and consideration of executive compensation paid by similar institutions. This review has also included insight from legal counsel and other knowledgeable and independent persons. The Compensation Committee shall oversee, plan, and determine the compensation of the Executive Director and shall oversee compensation of the Corporation's senior leadership. After establishing a comprehensive and secure model for executive compensation, the Organization may use that model as a framework when considering the compensation and benefits to be offered to its other employed officers and key personnel. However, such a detailed compensation study is not typically done for other officer positions. Rather, officers other than the Chief Executive are compensated based on the framework established specifically for the Executive. For this reason, form 990, Part VI-B, Line 15b has been marked "no". Though the compensation and benefits paid to officers and key personnel other than the Chief Executive does not undergo the same level of intensive scrutiny or comparability study as does the Executive's compensation package, the Organization believes that the framework established while determining the Executive's compensation provides a reasonable model to base other employees' payroll on, and that the compensation paid to other officers and key personnel is appropriate relative to the quality and level of services performed. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The audit was subject to the review and oversight of the Organization's Executive Director, finance and audit committees, and key financial and business personnel within the Organization. Additionally, the Organization's audited financial statements and Form 990 are subject to review by the Organization's independent Board of Trustees prior to their issuance. Charitable Remainder Trusts (2) c/o Security Life of Denver Insuran E Tufts Avenue CO 80237 Beneficiary Distributions ME N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0