2025-05-14T15:44:06-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 320048804 Mount Prospect Academy MOUN 6035361102 PO Box 328 Plymouth NH 03268 Rae Green CFO 6035361102 2025-05-14 1 1 Joseph R Byrne P01289281 2077752387 2025-05-14 2023 2025-03-06 01:10:19Z Jeffrey Caron PO Box 328 Plymouth NH 03268 54624231 0 X www.mountprospectacademy.org X 2003 NH Operation of a school and residential treatment facility for children and troubled youth together with related community based services. 6 6 793 6 0 0 6497779 37533 47962275 53414717 186402 1136306 2774 5498 54649230 54594054 3166 0 0 0 32495692 35045539 0 0 0 11549771 11354173 44048629 46399712 10600601 8194342 42195235 47236262 10529718 9811294 31665517 37424968 Operation of a school and residential treatment facilities for at risk children and youth together with related community based services for youth and families to support community engagement and transition. 0 0 35407282 53414717 Tuition, room, board and related expenses of operating a school and residential treatment facility together with ancillary programs. 35407282 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 74 0 1 793 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH MA X Rae Green CFO 6034138158 PO Box 328 Plymouth NH 03268 Rob Bannon Director 1.00 0.00 X 0 0 0 Jonathan Bownes Director 1.00 0.00 X 0 0 0 Mike Boyle Director 1.00 0.00 X 0 0 0 Ben Cronin Director 1.00 0.00 X 0 0 0 Paul Fitzgerald Director 1.00 0.00 X 0 0 0 Charles Wheeler Board Chair 1.00 0.00 X X 0 0 0 John Sears CFO 10.00 0.00 X 193203 0 26555 Jeffrey Caron President 30.00 0.00 X 332697 0 40296 Jeffrey Park Secretary 39.00 0.00 X 148346 0 35964 Susan Beck-Dore Vice President 40.00 0.00 X 244590 0 40488 John R Fulp Director of Operations 40.00 0.00 X 230134 0 18694 James A Marshall Head of Schools 40.00 0.00 X 239121 0 33245 Lara J Saffo Chief Compliance Officer 40.00 0.00 X 192657 0 38268 Sarah Caron Director of Quality Control 40.00 0.00 X 172119 0 6569 Karen Langley Academics Director 40.00 0.00 X 139522 0 15819 Rachel G Umberger Executive Director 40.00 0.00 X 135382 0 21064 Nash Reddy Academics Director 40.00 0.00 X 116591 0 25740 Richard A Phelps Director of Clinical Services 40.00 0.00 X 118958 0 5265 Cory A Rogers Head of Schools 40.00 0.00 X 115766 0 26651 2379086 0 334618 21 0 1 0 Young's Excavating & Paving LLC 69 Dover Road Chichester NH 03258 Paving 230500 1 9445 28088 37533 Tuition 611600 53002703 53002703 Other Income 611600 412014 412014 53414717 1074728 1074728 30875 26543 4332 4332 4332 7197 54381 0 0 7197 54381 61578 61578 4800 9445 3634 1166 1166 54594054 53414717 0 1141804 1992946 1493458 499488 25920815 19770404 6150411 396330 302773 93557 4647729 3543183 1104546 2087719 1590586 497133 163748 124739 39009 80800 61551 19249 364222 309460 54762 24374 18570 5804 3638558 2879157 759401 2015767 1546790 468977 1160426 967271 193155 665360 506471 158889 172652 172652 1490991 1151477 339514 593595 457963 135632 Student Clothing & Pers 614936 200773 414163 Miscellaneous 257818 199078 58740 Bad Debt Expense 108606 108606 Farm 2320 2320 46399712 35407282 10992430 0 X 16857614 21615074 3526101 747926 6806340 8361893 0 500000 0 150000 538016 827906 25520561 11386025 13227883 14134536 1035965 755953 203316 142974 42195235 47236262 2092103 2567231 6378637 5689265 2058978 1554798 10529718 9811294 X 31665517 37424968 31665517 37424968 42195235 47236262 X 8194342 -2434891 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2039592 2039592 15078143 6393317 8684826 2426484 1248660 1177824 1364249 858795 505454 4612093 2885253 1726840 14134536 Due to Related Parties 705093 Operating Lease Obligation 429617 Financing Lease Obligation 323106 Deferred Compensation 96982 1554798 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Organization has no solicitation or registration period for its students. The Organization accepts all students referred from the state and local governments and school districts with special needs serviced by the Organization. Schedule E, Part I, Line 6 The agency's operations are funded through contracts with government agencies. The majority of revenues are contingent upon adequate government funding. Golf Tournament 14245 9445 4800 1200 2374 60 14245 9445 4800 1200 2374 60 3634 1166 X X 0 0 0 0 0 0 0 1 0 Jeffrey Caron President 322181 0 10000 0 516 0 12461 0 27835 0 372993 0 0 0 Susan Beck-Dore Vice President 239151 0 0 0 5439 0 10369 0 30119 0 285078 0 0 0 James A Marshall Head of Schools 217612 0 16386 0 5123 0 4675 0 28570 0 272366 0 0 0 John R Fulp Director of Operations 219974 0 10000 0 160 0 9268 0 9426 0 248828 0 0 0 Lara J Saffo Chief Compliance Officer 179091 0 10000 0 3566 0 8086 0 30182 0 230925 0 0 0 John Sears CFO 182830 0 10000 0 373 0 7987 0 18568 0 219758 0 0 0 Jeffrey Park Secretary 134280 0 14005 0 61 0 6038 0 29926 0 184310 0 0 0 Sarah Caron Director of Quality Control 161912 0 10000 0 207 0 6569 0 0 0 178688 0 0 0 Rachel G Umberger Executive Director 125338 0 10000 0 44 0 5563 0 15501 0 156446 0 0 0 Karen Langley Academics Director 128863 0 10000 0 659 0 5720 0 10099 0 155341 0 0 0 Part I, Line 7 During 2023, bonuses were awarded to officers, key employees, and highest compensated employees based on peformance and merit. Jeffrey Caron Employee Split Life Insurance Policy X 50000 50000 0 1 1 Sarah Caron Employee Split Life Insurance Policy X 50000 50000 0 1 1 Susan Beck-Dore Employee Split Life Insurance Policy X 50000 50000 0 1 1 Susan Beck-Dore Employee Employee Advance X 100000 100000 0 1 1 James Marshall Employee Split Life Insurance Policy X 50000 50000 0 1 1 Jeffrey Park Employee Split Life Insurance Policy X 25000 25000 0 1 1 Lara Saffo Employee Split Life Insurance Policy X 50000 50000 0 1 1 John Fulp Employee Split Life Insurance Policy X 25000 25000 0 1 1 John Sears Employee Split Life Insurance Policy X 25000 25000 0 1 1 Christian Wolter Employee Split Life Insurance Policy X 25000 25000 0 1 1 Jay Wolter Employee Split Life Insurance Policy X 50000 50000 0 1 0 500000 Sarah Caron Family member of Jeffrey Caron, President 178688 Employment 0 Form 990, Part VI, Section A, line 2 Jeffrey Caron and Sarah Caron have a family relationship. Form 990, Part VI, Section A, line 4 During the 06/30/2024 Fiscal Year, the Organization amended their Bylaws for the following changes: 1. Amended the number of board of trustees, which should not consist of less than 5 members and 2. The powers previously held by the "Executive Director/Head of School" shall now be assigned to the "President". Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the Organization's management and is then presented to the board by mail prior to the next board meeting. Form 990, Part VI, Section B, line 12c Conflicts of interest are reviewed at the board level in connection with any transaction and also via an annual disclosure process documented in board minutes. To formalize this process, the disclosure of conflicts is on the agenda of the annual board meeting, and at applicable other Board meetings. Form 990, Part VI, Section B, line 15 The board reviews external data, deliberates, and determines the appropriate level of compensation. The process is documented in the minutes and dialogue takes place outside of the presence of the compensated party. In the case of key employees hired by the President, external benchmarking data from reputable sources are evaluated. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, or financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Mount Prospect Academy P.O. Box 328 Plymouth, NH 03268 EIN: 32-0048804 Mount Prospect Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Net Assets Transfer to Affiliated Organization -2,434,891. New Hampshire Youth Program for Motorsports LLC PO Box 118 Plymouth NH 03264 920512904 Other Schools and Instruction NH 50492 0 Mount Prospect Academy