2019-04-29T12:03:12-05:00 2018-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2017-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM DIR. OF FINANCE & OPERATIONS 2077745721 2019-04-26 1 JASON C LEBLANC P01212079 2077721981 2019-04-26 69.49.137.50 2019-04-26 14:48:34 ED P C7345A2201C60FFD8A46DD6B1B2B91E25A394C12 B7573ECAC76D925F3F75BD5F2463AB00B8E086F5 2017 2019-02-21 02:37:17Z GEOFFREY WAGG 360 SPRING STREET PORTLAND ME 04102 48599788 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. 21 21 306 50 0 19351 3299826 2435966 17188950 17135933 4504589 1136162 -8023 58607 24985342 20766668 4441568 4592465 0 0 11010142 11047356 0 0 603158 4210231 4897575 19661941 20537396 5323401 229272 49474646 59692021 17159746 26191422 32314900 33500599 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 17109722 4592465 17135933 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 551 STUDENTS. 17109722 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 306 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 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 BURNHAM KATE TRUSTEE 2.00 X 0 0 0 CLOUDMAN CATHERINE TRUSTEE 2.00 X 0 0 0 DEADY CONAN MEMBER AT LARGE 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 PRESIDENT 2.00 X X 0 0 0 JOYCE CINDA TRUSTEE 2.00 X 0 0 0 LEWIS DALE SECRETARY 2.00 X X 0 0 0 PORTA JED TRUSTEE 2.00 X 0 0 0 RENSCHLER EMILY TRUSTEE 2.00 X 0 0 0 SCHAIR-CARDONA ERICA TRUSTEE 2.00 X 0 0 0 SHINN DEBORAH TRUSTEE 2.00 X 0 0 0 SMITH CHRISTOPHER VICE PRESIDENT 2.00 X X 0 0 0 SOLEY TIM TRUSTEE 2.00 X 0 0 0 SPAGNOLA SUSAN MEMBER AT LARGE 2.00 X 0 0 0 SPAULDING SANDY TRUSTEE 2.00 X 0 0 0 TORREY BILL TRUSTEE 2.00 X 0 0 0 TROIANO JEFF TRUSTEE 2.00 X 0 0 0 VALDMANIS WARREN TRUSTEE 2.00 X 0 0 0 VERONEAU VIN TREASURER 2.00 X X 0 0 0 WENDELKEN CHERIE TRUSTEE 2.00 X 0 0 0 WAGG GEOFF HEAD OF SCHOOL 50.00 X 394244 0 105561 HAGSTROM ANNE C DIR OF FINANCE & OPERATION 50.00 X 105474 0 31136 BREEN LYNNE M FINLEY DEAN OF ADMISSION 50.00 X 104252 0 30793 HAMBLIN PETER D ASSOCIATE HEAD OF SCHOOL 50.00 X 113091 0 27042 LIBBY LOWELL W UPPER SCHOOL DIRECTOR 50.00 X 112745 0 17685 829806 0 212217 5 0 1 0 WRIGHT-RYAN CONSTRUCTION 10 DANFORTH STREET PORTLAND ME 04101 CONSTRUCTION SERVICES 2197605 CUSTOM COACH OF PORTLAND 19 BARTLETT ROAD GORHAM ME 04038 TRANSPORTATION SERVICES 218767 SCOTT SIMONS ARCHITECTS LLC 75 YORK STREET PORTLAND ME 04101 ARCHITECTURAL SERVICES 217580 SEABREEZE PROPERTY SERVICES INC 415 PRESUMPSCOT STREET PORTLAND ME 04103 LANDSCAPING SERVICES 122610 MAINE STATE SECURITY SERVICES 98 COMPANY ROAD DAYTON ME 04005 ALARM INSTALLATION SERVICES 102917 5 2435966 840376 2435966 TUITION 611600 15819869 15819869 TUTORING 611600 364712 364712 AFTER SCHOOL & LESSONS 611600 297208 297208 SUMMER PROGRAMS 611600 289110 289110 CAFETERIA 722210 208486 208486 156548 156548 17135933 646617 646617 17600 34696 -17096 -17096 -17096 28210803 27721258 489545 489545 489545 152869 77166 75703 75703 20766668 17135933 0 1194769 4592465 4592465 578184 487475 90709 8004549 6613756 1171041 219752 1863500 1663550 155870 44080 601123 454878 126659 19586 13075 13075 24500 24500 43881 43881 90551 89799 752 175298 45267 104361 25670 248328 248328 255905 246370 3393 6142 471962 471962 995836 995836 95148 95148 MAINTENANCE, SUPPLIES, 2141986 1940534 149792 51660 MISCELLANEOUS 155238 118510 3395 33333 CAPITAL CAMPAIGN EXPENS 107510 107510 DUES & SUBSCRIPTIONS 66486 5281 56489 4716 11871 11871 20537396 17109722 2824516 603158 3338905 2082679 2102623 3280547 2471469 2147634 22557 20226 365233 295455 34633473 11095529 17193307 23537944 21649071 25480167 2326697 2843283 4784 4086 49474646 59692021 1311897 2195825 3728246 2999373 10052247 19088819 16794 69533 2050562 1837872 17159746 26191422 X 19552126 19458970 5311717 6039650 7451057 8001979 32314900 33500599 49474646 59692021 X 229272 743737 212690 X X 0 1 X 1 0 X 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 21459112 251242 3182401 231212 497237 140380 24023926 0.61840 0.30450 0.07710 0 0 714802 714802 32258055 9568587 22689468 412500 336570 75930 1248116 1190372 57744 23537944 INTEREST RATE SWAP LIABILITY 1837872 1837872 X 17089361 743737 111863 855600 16233761 43881 4489026 4532907 20766668 15903662 111863 111863 15791799 43881 4701716 4745597 20537396 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 77,167. RENTAL EXPENSES 34,696. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,592,465. BAD DEBT EXPENSE 1,741. UNREALIZED LOSS ON INTEREST RATE SWAP -212,690. CAPITAL CAMPAIGN EXPENSE 107,510. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 77,167. RENTAL EXPENSES 34,696. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,592,465. BAD DEBT EXPENSE 1,741. CAPITAL CAMPAIGN EXPENSE 107,510. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WAYNFLETE SCHOOL ADVERTISES THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND COMBINED ADVERTISMENT FOR MEMBER SCHOOLS. AUCTION 147084 147084 74281 SPRING FLING & WEST END 5K 5785 5785 2885 152869 152869 77166 77166 75703 1 FINANCIAL AID 229 4592465 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 235174 0 0 0 159070 0 21081 0 84480 0 499805 0 0 0 SCHEDULE J, PART II INCLUDED IN GEOFF WAGG'S WAGES ARE TUITION AND TUITION GROSS-UP PAYMENTS IN THE AMOUNT OF $159,070 FOR HIS THREE CHILDREN. MR. WAGG'S NON-TAXABLE BENEFITS, WHICH INCLUDE THE EMPLOYER AND EMPLOYEE PORTION OF PREMIUMS PAID, ARE ITEMIZED BELOW: 21,059 HEALTH INSURANCE 1,598 DENTAL INSURANCE 2,558 HEALTH REIMBURSEMENT PLAN 59,265 HOUSING ALLOWANCE ------ 84,480 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: 10/28/2018 ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2018 X 26 840376 MARKET VALUE 0 1 0 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 KATE JETON, TOM CRONIN AND WILLIAM TORREY, 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 THREE 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 $235,174 FOR BASE COMPENSATION, $159,070 FOR THE TUITION AND TUITION GROSS-UP PAYMENT, $25,216 FOR EMPLOYER AND EMPLOYEE CONTRIBUTIONS FOR HEALTH AND DENTAL PLANS, EMPLOYEE HEALTH REIMBURSEMENT PLAN AND $59,264 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 GAIN ON INTEREST RATE SWAP 212,690. PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.