2019-05-14T13:22:09-05:00 2018-06-30 010493997 ONE RIVER CPAS 46 FIRSTPARK DRIVE OAKLAND ME 049635362 990 2017-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 04349 ANDREW MAY CFO 2076854914 2019-04-17 true GARY W SMITH CPA P00338460 2078731603 2019-05-08 167.68.16.49 2019-05-14 13:22:09 CD P 925B78A6857A337E2CF11B33A92CEC4D68C2ECC0 6E8EC3EDC36FF2470D1B29C0F469CE90217A4D49 2017 2019-02-21 02:37:17Z ANDREW MAY PO BOX 257 KENTS HILL ME 043490257 14459618 false X WWW.KENTSHILL.ORG X 1824 ME 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. 26 25 127 -104696 -66828 1825349 1333231 11319859 12299075 300407 477042 -154065 -81353 13291550 14027995 2979350 4344406 0 6011472 5816968 0 701687 5539325 5532104 14530147 15693478 -1238597 -1665483 60841119 58851286 19758912 17045179 41082207 41806107 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. false false 4344406 4344406 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED AND MERIT BASED. 7537151 12299075 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 220 BOARDING AND DAY STUDENTS 11881557 true true false false false false false false false true true false false false true true true false true false false false true false false false false false true false false false false true false false false false true false false false false false false false false true 34 0 127 true true true false false false false true true false false false false false X 26 25 false false false false false false false true true false false true true false true true true true false false ME X X ANDY MAY 2076854914 1614 MAIN STREET KENTS HILL ME 043490257 EDWARD LANE PRESIDENT 1.00 X X 0 0 0 THEODORE ALFOND VICE-PRESIDE 1.00 X X 0 0 0 MARK ALCAIDE 2ND VP AND T 1.00 X X 0 0 0 TAYLOR BODMAN TRUSTEE 1.00 X 0 0 0 WILLIAM BRENNAN 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 FAY TRUSTEE 1.00 X 0 0 0 DEBRA GESIMONDO TRUSTEE 1.00 X 0 0 0 JAMES HANSEN TRUSTEE 1.00 X 0 0 0 JOSETTE HUNTRESS HOLLAND TRUSTEE 1.00 X 0 0 0 JAWAD ISSA TRUSTEE 1.00 X 0 0 0 STEPHEN JENEY TRUSTEE 1.00 X 0 0 0 STEVE MADISON 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 TEMILOLUWA ODIMAYO TRUSTEE 1.00 X 0 0 0 DOUG PHILLIPS TRUSTEE 1.00 X 0 0 0 DAVID RHODES TRUSTEE 1.00 X 0 0 0 JANET ROCHE TRUSTEE 1.00 X 0 0 0 DOUGLAS STINSON TRUSTEE 1.00 X 0 0 0 KAREN TEMKIN TRUSTEE 1.00 X 0 0 0 JAMIE THORSEN TRUSTEE 1.00 X 0 0 0 ALEXANDER WALL TRUSTEE 1.00 X 0 0 0 GUY WILLIAMS TRUSTEE 1.00 X 0 0 0 CHRIS CHENEY HEAD OF SCHO 40.00 X 107991 0 19698 ANDREW MAY CFO 40.00 X 99264 0 20443 207255 40141 1 false false false SAGE DINING SERVICES INC 222 BOSLEY AVE SUITE B7 TOWSON MD 21204 FOOD SERVICES 1013714 AWG DEWAR INC FOUR BATTERYMARCH PARK QUINCY MA 021697468 TUITION REF PLA 267973 WINTHROP FUEL CO INC 111 ROUTE 133 WINTHROP ME 04364 OIL 190842 DEAD RIVER COMPANY 21 WATER STREET HALLOWELL ME 04347 PROPANE 117861 4 1333231 60676 1333231 TUITION INCOME 11917188 11917188 INTERNATIONAL STUDENT FEE 144304 144304 SUMMER PROGRAM INCOME 143522 143522 TRANSPORTATION FEES 51036 51036 APPLICATION FEES 14400 14400 28625 28625 12299075 477042 477042 152039 256735 -104696 -104696 -104696 12020 8909 3111 163521 165979 -2458 -2458 SUNDRY INCOME UNRESTRICTED 18459 18459 AAC PRO SHOP 2872 2872 DISCOUNTS TAKEN 1359 1359 22690 14027995 12321765 -104696 474584 3365573 3365573 978833 978833 359181 265302 93879 4217896 2711260 1144017 362619 177280 112535 47265 17480 726695 444936 212646 69113 335916 207155 96583 32178 42039 42039 117473 117473 30500 30500 99493 73153 26340 625778 625778 321380 117846 127053 76481 472959 472959 1532941 1532941 60782 60782 CONTRACTUAL SERVICES 1124454 1073611 50843 MAINT, SUPPLIES & EQUIP 686488 621248 48913 16327 MISCELLANEOUS 268844 477 261097 7270 STUDENT ACTIVITIES 89364 89364 59609 59609 15693478 11881557 3110234 701687 9465 8392 4385002 2840245 1062111 401181 37067 56457 4447 10246 135507 144850 50110470 22247383 29314332 27863087 24760199 26419141 1132989 1107687 60841119 58851286 631620 551727 4007377 2538164 957813 777813 13513874 12935798 648228 241677 19758912 17045179 X 30136202 30459368 6643858 6953851 4302147 4392888 41082207 41806107 60841119 58851286 -1665483 1983169 406214 X false true X true false X 24760199 98551 2577773 -239273 -736069 -42039 26419142 22947087 78082 3488961 -158773 -1529814 -65344 24760199 24580692 109269 -36769 -141064 -1500086 -64955 22947087 24926716 208636 1069928 -120484 -1454925 -49179 24580692 21324329 726118 3917801 -108814 -867051 -65667 24926716 0.68520 0.16480 0.15000 true false 74330 74330 45362590 18639094 26723496 2192810 1765209 427601 2480740 1843080 637660 27863087 INTEREST RATE SWAP 231136 DEFERRED GIFT ANNUITY 10541 241677 X 12453647 1983169 828928 2812097 9641550 4386445 4386445 14027995 11729747 422714 422714 11307033 4386445 4386445 15693478 SCHEDULE D, PAGE 3, PART X KENTS HILL SCHOOL 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 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). EFFECTIVE JULY 1, 2009, THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48, AS CODIFIED BY ASC 740, INCOME TAXES). THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATIFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY- THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AS A RESULT, THERE WAS NO CUMULATIVE EFFECT RELATED TO ADOPTION AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. WHEN NECESSARY, THE SCHOOL ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. THE SCHOOL IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING JUNE 30, 2015 THROUGH 2018. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 165,979 RENTAL EXPENSES NETTED WITH REVENUES 227,485 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 406,214 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 29,250 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT FINANCIAL AID 4,344,406 INVESTMENT FEES NETTED WITH INCOME 42,039 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 165,979 RENTAL EXPENSES NETTED WITH REVENUES 227,485 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 29,250 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT FINANCIAL AID 4,344,406 INVESTMENT EXPENSES 42,039 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS. STUDENT FINANCIAL AID EUROPE 7 320000 SCHOLARSHIP STUDENT FINANCIAL AID NORTH AMERICA (EXCLUDING UNITED STATES) 13 606283 SCHOLARSHIP STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 5 37550 SCHOLARSHIP STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 1 15000 SCHOLARSHIP false false false false false false true STUDENT FINANCIAL AID 110 3365573 SCHOLARSHIPS THEODORE ALFOND TO ASSIST IN CASH FLOW X 1000000 777813 false true false 777813 X 11 60676 FC ON DATE OF DONATION false true false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 12C THIS PROCESS WILL BE IMPLEMENTED AT THE NEXT BOARD OF TRUSTEES MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE SCHOOL'S HEAD OF SCHOOL COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, 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 COST OF GOODS SOLD NETTED WITH REVENUES 165,979 RENTAL EXPENSES NETTED WITH REVENUES 227,485 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 406,214 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 29,250 STUDENT FINANCIAL AID -4,344,406 INVESTMENT FEES NETTED WITH INCOME -42,039 COST OF GOODS SOLD NETTED WITH REVENUES -165,979 RENTAL EXPENSES NETTED WITH REVENUES -227,485 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE -29,250 STUDENT FINANCIAL AID 4,344,406 INVESTMENT EXPENSES 42,039 TOTAL 406,214