2020-04-23T15:08:27-05:00 2019-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2018-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM DIR. OF FINANCE & OPERATIONS 2077745721 2020-04-22 1 JASON C LEBLANC P01212079 2077721981 2020-04-03 69.49.137.50 2020-04-22 18:15:38 ED P 94FEC20C1C771F3F14BDFAC83E1B28F3D6D7DAFB B0488ABBBF64788626D41AA118AC2DBCF99ADC14 2018 2020-09-23 17:36:50Z GEOFFREY WAGG 360 SPRING STREET PORTLAND ME 04102 32790793 0 X WWW.WAYNFLETE.ORG X 1935 ME TO OFFER LOWER, MIDDLE AND UPPER SCHOOL EDUCATION WHICH ENGAGES THE IMAGINATION AND INTELLECT OF ITS STUDENTS, GUIDES THEM TOWARDS SELF-GOVERNANCE AND SELF-KNOWLEDGE AND ENCOURAGES THEIR RESPONSIBLE AND CARING PARTICIPATION IN THE WORLD. 20 20 309 50 799 0 2435966 1218770 17135933 17954549 1136162 1102930 58607 -336 20766668 20275913 4592465 4850419 0 0 11047356 11486555 0 0 482237 4897575 4299388 20537396 20636362 229272 -360449 59692021 58756683 26191422 25787388 33500599 32969295 TO OFFER LOWER, MIDDLE AND UPPER SCHOOL EDUCATION WHICH ENGAGES THE IMAGINATION AND INTELLECT OF ITS STUDENTS, GUIDES THEM TOWARDS SELF-GOVERNANCE AND SELF-KNOWLEDGE AND ENCOURAGES THEIR RESPONSIBLE AND CARING PARTICIPATION IN THE WORLD. 0 0 17283672 4850419 17954549 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 563 STUDENTS. 17283672 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 309 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X ANNE HAGSTROM 2077745721 360 SPRING STREET PORTLAND ME 04102 ADAN ABUKAR TRUSTEE 2.00 X 0 0 0 ARONSON KRISTA TRUSTEE 2.00 X 0 0 0 BURNHAM KATE TRUSTEE 2.00 X 0 0 0 CLOUDMAN CATHERINE TRUSTEE 2.00 X 0 0 0 DEVINE BEN TRUSTEE 2.00 X 0 0 0 DUFAUCHARD NICOLE TRUSTEE 2.00 X 0 0 0 JETON KATE MEMBER AT LARGE 2.00 X 0 0 0 JOYCE CINDA TRUSTEE 2.00 X 0 0 0 LANGER BETSY TRUSTEE 2.00 X 0 0 0 PORTA JED TRUSTEE 2.00 X 0 0 0 RENSCHLER EMILY TRUSTEE 2.00 X 0 0 0 SHINN DEBORAH TRUSTEE 2.00 X 0 0 0 SPAULDING SANDY TRUSTEE 2.00 X 0 0 0 TROIANO JEFF TRUSTEE 2.00 X 0 0 0 VALDMANIS WARREN MEMBER AT LARGE 2.00 X 0 0 0 WENDELKEN CHERIE TRUSTEE 2.00 X 0 0 0 LEWIS DALE SECRETARY 2.00 X X 0 0 0 SMITH CHRISTOPHER PRESIDENT 2.00 X X 0 0 0 SOLEY TIM VICE PRESIDENT 2.00 X X 0 0 0 VERONEAU VIN TREASURER 2.00 X X 0 0 0 WAGG GEOFF HEAD OF SCHOOL 50.00 X 345638 0 111269 HAGSTROM ANNE C DIR OF FINANCE & OPERATION 50.00 X 106532 0 33445 BREEN LYNNE M FINLEY DEAN OF ADMISSION 50.00 X 105348 0 34314 LIBBY LOWELL W UPPER SCHOOL DIRECTOR 50.00 X 114469 0 17706 PLIMPTON SARAH T DIR OF DEVELOPMENT 50.00 X 101792 0 31599 773779 0 228333 5 0 1 0 WRIGHT-RYAN CONSTRUCTION 10 DANFORTH STREET PORTLAND ME 04101 CONSTRUCTION SERVICES 6332372 CUSTOM COACH OF PORTLAND 19 BARTLETT ROAD GORHAM ME 04038 TRANSPORTATION SERVICES 215187 CREATIVE OFFICE PAVILION 141 MIDDLE STREET PORTLAND ME 04101 FURNITURE PROVIDER 211839 SEABREEZE PROPERTY SERVICES INC 415 PRESUMPSCOT STREET PORTLAND ME 04103 LANDSCAPING SERVICES 175569 SCOTT SIMONS ARCHITECTS LLC 75 YORK STREET PORTLAND ME 04101 ARCHITECTURAL SERVICES 143646 5 1218770 20164 1218770 TUITION 611600 16742053 16742053 TUTORING 611600 326690 326690 AFTER SCHOOL & LESSONS 611600 273662 273662 CAFETERIA 722210 233640 233640 SUMMER PROGRAMS 611600 205884 205884 172620 172620 17954549 813540 799 812741 22625 24913 -2288 -2288 -2288 12774497 12485107 289390 289390 289390 6812 4860 1952 1952 20275913 17954549 799 1101795 4850419 4850419 534587 498552 36035 8256560 6891744 1114091 250725 2082261 1821246 213279 47736 613147 471772 121252 20123 22883 22883 24050 24050 45826 45826 59428 58728 700 184469 46782 109910 27777 299848 299848 200128 195387 1131 3610 493894 493894 848891 848891 104683 104683 MAINTENANCE, SUPPLIES, 1793407 1550574 165278 77555 MISCELLANEOUS 152866 137856 8996 6014 DUES & SUBSCRIPTIONS 53277 5742 42130 5405 TRUSTEE EXPENSES 8013 8013 7725 468 7257 20636362 17283672 2870453 482237 2082679 3891315 3280547 2969137 2147634 1385713 20226 5466 295455 196459 37087174 11944757 23537944 25142417 25480167 22021169 2843283 3141764 4086 3243 59692021 58756683 2195825 1637252 2999373 3476218 19088819 18672652 69533 52958 1837872 1948308 26191422 25787388 X 19458970 20854048 6039650 3875493 8001979 8239754 33500599 32969295 59692021 58756683 X -360449 -59126 -111729 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25394577 326620 911505 375603 646627 171515 25438957 24060840 722519 1770240 317891 663862 177269 25394577 22364772 505773 2310549 325563 618053 176638 24060840 23673819 359469 -599500 336534 573175 159308 22364772 24023926 457903 183793 269049 558035 164719 23673819 0.60860 0.31700 0.07440 0 0 714802 714802 34660816 10347725 24313091 412500 367500 45000 1299056 1229532 69524 25142417 HEDGE FUND 3141764 F 3141764 INTEREST RATE SWAP LIABILITY 1948308 1948308 X 15231329 -59126 28948 -30178 15261507 45826 4968580 5014406 20275913 15762636 29776 29776 15732860 45826 4857676 4903502 20636362 PART V, LINE 4: WAYNFLETE HAS A POLICY OF APPROPRIATING FUNDS FOR DISTRIBUTION EACH YEAR EQUAL TO 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS THROUGH THE FISCAL YEAR-END PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ACCORDANCE WITH UPMIFA, THE SCHOOL CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE SCHOOL AND DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE SCHOOL; AND THE INVESTMENT POLICIES OF THE SCHOOL. PART X, LINE 2: U.S. GAAP PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE SCHOOL HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE SCHOOL RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL DOES NOT BELIEVE IT HAS TAKEN A POSITION ON ITS TAX RETURNS WHICH WOULD REQUIRE THE RECOGNITION OF A TAX BENEFIT AND, ACCORDINGLY, NO ADJUSTMENT TO THE FINANCIAL STATEMENTS HAS BEEN MADE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 4,860. RENTAL EXPENSES 24,913. RENTAL INCOME IN AGENCY FUND -825. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,850,419. BAD DEBT EXPENSE 468. UNREALIZED LOSS ON INTEREST RATE SWAP 110,436. CAPITAL CAMPAIGN EXPENSE 7,257. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 4,860. RENTAL EXPENSES 24,916. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,850,419. CAPITAL CAMPAIGN EXPENSE 7,257. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS ALSO LOCATED ON THE SCHOOL'S WEBSITE: WAYNFLETE ADMITS STUDENTS OF ANY RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN, AND WITHOUT REGARD TO DISABILITY, TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN, OR DISABILITY IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. 1 FINANCIAL AID 231 4850419 TUITION ASSISTANCE FINANCIAL AID X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 WAGG GEOFF HEAD OF SCHOOL 282408 0 0 0 63230 0 16841 0 94428 0 456907 0 0 0 SCHEDULE J, PART II INCLUDED IN GEOFF WAGG'S WAGES ARE TUITION AND TUITION GROSS-UP PAYMENTS IN THE AMOUNT OF $63,230 FOR HIS TWO CHILDREN. MR. WAGG'S NON-TAXABLE BENEFITS, WHICH INCLUDE THE EMPLOYER AND EMPLOYEE PORTION OF PREMIUMS PAID, ARE ITEMIZED BELOW: 26,435 HEALTH INSURANCE 1,617 DENTAL INSURANCE 2,083 HEALTH REIMBURSEMENT PLAN 64,293 HOUSING ALLOWANCE ------ 94,428 NON-TAXABLE BENEFIT A FINANCE AUTHORITY MAINE 010392006 56042BBM8 2014-10-30 10360000 REFINANCE 2007 BOND 0 0 0 B FINANCE AUTHORITY MAINE 010392006 56042BBM8 2014-10-30 9640000 FINANCE CAPITAL PROJECTS 0 0 0 A 10360000 210000 10150000 2008 0 1 1 1 B 9640000 9640000 2018 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 1 1 1 WELLS FARGO BANK NA 22.900000000000 0 0 0 0 1 B 0 0 1 1 1 1 PEOPLES UNITED BANK NA 12.000000000000 0 0 0 1 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2019 ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2019 INTERESTED PERSON 19000 QUALIFYING NEED-BASED FINANCIAL AID TUITION ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST IS MONITORED EVERY YEAR, AS THE TRUSTEES ARE ASKED TO COMPLETE A FORM ANNUALLY. IF A CONFLICT EXISTS, IT IS DISCUSSED AND RESOLVED AT THE BOARD LEVEL. TRUSTEES RECUSE THEMSELVES FROM A VOTE WHEN A CONFLICT ARISES. ENFORCEMENT IS PART OF THE GOVERNING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A MR WAGG'S COMPENSATION WAS DETERMINED BY CHRISTOPHER SMITH, TIM SOLEY AND VIN VERONEAU , MEMBERS OF THE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD, AFTER REVIEWING COMPARATIVE DATA FROM PEER SCHOOLS. THEY EXAMINED SALARIES FOR HEADS OF SCHOOL WHO HAD SERVED FEWER THAN 10 YEARS AT SCHOOLS IN OUR COMPARISON GROUP AND ADJUSTED MR. WAGG'S COMPENSATION TO BRING IT CLOSER TO THE MEDIAN SALARY OF HIS PEERS. THE EVALUATION AND COMPENSATION COMMITTEE RECOMMENDED THE SALARY (WHICH INCLUDED THE BASE SALARY, TUITION AND TUITION GROSS-UP CALCULATION FOR HIS TWO CHILDREN) TO THE FULL BOARD OF TRUSTEES. MR. WAGG'S RENEWED CONTRACT AND SALARY WERE APPROVED BY THE BOARD OF TRUSTEES. TOTAL COMPENSATION AND BENEFITS REPORTED ON SCHEDULE J INCLUDE $282,408 FOR BASE COMPENSATION, $63,230 FOR THE TUITION AND TUITION GROSS-UP PAYMENT, $30,135 FOR EMPLOYER AND EMPLOYEE CONTRIBUTIONS FOR HEALTH AND DENTAL PLANS, EMPLOYEE HEALTH REIMBURSEMENT PLAN AND $64,293 FOR THE REPORTABLE HOUSING VALUATION FOR HIS CONTRACTUAL OBLIGATION TO LIVE ON CAMPUS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -110,436. BAD DEBT EXPENSE -468. RENTAL EXPENSE IN AGENCY FUND -825. PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.