2018-02-14T10:28:43-05:00 2017-06-30 010493997 PFBFCPAS 46 FIRSTPARK DRIVE OAKLAND ME 049635362 990 2016-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 04349 ANDREW MAY CFO 2076854914 2018-01-22 true DANIELLE D MARTIN CPA P01265151 2078731603 2018-02-14 105765E572DEB4DC3E7ACB4146B0BE8786E2D991 4069FC157CB9B80FE8968E93C3C6556E49D6D9C2 2016 2021-01-29 14:40:06Z ANDREW MAY PO BOX 257 KENTS HILL ME 043490257 13794604 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. 26 25 139 -105392 -66670 2731741 1825349 11163373 11319859 343721 205188 -60042 -58846 14178793 13291550 2726360 2979350 0 5985502 6011472 0 643171 5423163 5539325 14135025 14530147 43768 -1238597 60634284 60841119 21891770 19758912 38742514 41082207 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. false false 2979350 2979350 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED 7377022 11319859 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 220 BOARDING AND DAY STUDENTS 10356372 true true false false false false false false false true true false false false true true true false true false false false true false true false false false true true false false false true false false false false true false false false false false false false false true 28 0 139 true true true false false false false true true false false false false false X 26 25 true 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 PARKER BEVERAGE TRUSTEE 1.00 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 PATRICIA HATLER 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 DOUG PHILLIPS TRUSTEE 1.00 X 0 0 0 DAVID RHODES TRUSTEE 1.00 X 0 0 0 PARKER SOWLES 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 PATRICK MCINERNEY HEAD OF SCHO 40.00 X 161494 0 14386 ANDREW MAY CFO 40.00 X 97140 0 18089 258634 32475 1 false true false WARREN CONSTRUCTION PO BOX 362 SOUTH FREEPORT ME 04078 CONSTRUCTION 1847555 SAGE DINING SERVICES INC 222 BOSLEY AVE SUITE B7 TOWSON MD 21204 FOOD SERVICES 957784 AWG DEWAR INC FOUR BATTERYMARCH PARK QUINCY MA 021697468 TUITION REF PLA 253706 WINTHROP FUEL CO INC 111 ROUTE 133 WINTHROP ME 04364 FUEL & SERVICE 182646 DEAD RIVER COMPANY 21 WATER STREET HALLOWELL ME 04347 FUEL & SERVICE 105950 5 1825349 644921 1825349 TUITION INCOME 10915231 10915231 SUMMER PROGRAM INCOME 166523 166523 INTERNATIONAL STUDENT FEE 90500 90500 TRANSPORTATION FEES 60431 60431 ENROLLMENT FEES FORFEITED 50081 50081 37093 37093 11319859 300407 300407 140793 246185 -105392 -105392 -105392 95219 -95219 -95219 -95219 43879 16761 27118 143704 144889 -1185 -1185 SUNDRY INCOME UNRESTRICTED 15767 15767 AAC PRO SHOP 1979 1979 SUNDRY INCOME RESTRICTED 1816 1816 1051 1051 20613 13291550 11245253 -105392 299222 2457200 2457200 522150 522150 301979 229223 72756 4415213 2724569 1349470 341174 172613 111203 49106 12304 792683 466151 257904 68628 328984 196769 104632 27583 65344 65344 131015 131015 88999 88999 101624 72425 29199 596127 596127 289365 102064 121641 65660 489071 489071 1473853 1473853 51618 51618 CONTRACTUAL SERVICES 1095765 1041469 54296 MAINT, SUPPLIES & EQUIP 635093 571870 44872 18351 MISCELLANEOUS 356594 443 348635 7516 STUDENT ACTIVITIES 92504 92504 72353 72353 14530147 10356372 3530604 643171 6452 9465 4725734 4385002 2020830 1062111 161331 37067 4512 4447 243415 135507 50086975 20772643 29412221 29314332 22947087 24760199 1112702 1132989 60634284 60841119 1234540 631620 4188418 4007377 1137813 957813 14139279 13513874 1191720 648228 21891770 19758912 X 24915477 30136202 9615143 6643858 4211894 4302147 38742514 41082207 60634284 60841119 -1238597 3035124 543166 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 19022553 505795 2922000 -93415 -972041 -60563 21324329 0.68810 0.17180 0.14010 true false 139743 139743 45412531 17424846 27987685 2148199 1688075 460124 2386502 1659722 726780 29314332 INTEREST RATE SWAP 637351 DEFERRED GIFT ANNUITY 10877 648228 X 14216220 3035124 934240 3969364 10246856 3044694 3044694 13291550 11876527 391074 391074 11485453 3044694 3044694 14530147 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 SATISFY 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, 2014 THROUGH 2017. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 144,889 RENTAL EXPENSES NETTED WITH REVENUES 217,538 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 543,166 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 28,647 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT FINANCIAL AID 2,979,350 INVESTMENT FEES NETTED WITH INCOME 65,344 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 144,889 RENTAL EXPENSES NETTED WITH REVENUES 217,538 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 28,647 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT FINANCIAL AID 2,979,350 INVESTMENT EXPENSES 65,344 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 2 31400 SCHOLARSHIP STUDENT FINANCIAL AID NORTH AMERICA (EXCLUDING UNITED STATES) 12 478250 SCHOLARSHIP STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 1 12500 SCHOLARSHIP false false false false false false AUCTION 43879 43879 16761 43879 43879 16761 16761 27118 true STUDENT FINANCIAL AID 88 2457200 SCHOLARSHIPS X X X true true X X X X false false false false false false false false false PATRICK MCINERNEY HEAD OF SCHOOL 161494 4927 9459 175880 THEODORE ALFOND TO ASSIST IN CASH FLOW X 1000000 957813 false true false 957813 X 10 548758 FV ON DATE OF DONATION X PLEDGES 10 73750 AMOUNT OF PLEDGES X FURN/EQUIPMENT 7 22413 FAIR VALUE 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 MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. FORM 990, PAGE 6, PART VI, LINE 2 STEVEN AKIN TED ALFOND TRUSTEE TRUSTEE AKIN IS TRUSTEE OF ALFOND FOUN FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CHIEF FINANCIAL OFFICER AND CONTROLLER AND THEN IS FORWARDED 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 HEADMASTER'S 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 144,889 RENTAL EXPENSES NETTED WITH REVENUES 217,538 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 543,166 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE 28,647 STUDENT FINANCIAL AID -2,979,350 INVESTMENT FEES NETTED WITH INCOME -65,344 COST OF GOODS SOLD NETTED WITH REVENUES -144,889 RENTAL EXPENSES NETTED WITH REVENUES -217,538 SKI HILL RENTAL EXPENSES NETTED WITH REVENUE -28,647 STUDENT FINANCIAL AID 2,979,350 INVESTMENT EXPENSES 65,344 TOTAL 543,166