2017-02-14T07:38:07-06:00 2016-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2015-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM DIR. OF FINANCE & OPERATIONS 2077745721 2017-02-04 1 JASON C LEBLANC P01212079 2077721981 2017-02-04 2015 2021-01-29 14:40:06Z GEOFFREY WAGG 360 SPRING STREET PORTLAND ME 04102 22298798 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 20 343 50 0 0 1013406 3557327 15927792 16730918 958464 610215 67599 -3800 17967261 20894660 4094620 4292797 0 0 10298778 10583636 110000 123000 665181 4096259 4184659 18599657 19184092 -632396 1710568 45805192 46553384 17287150 18357556 28518042 28195828 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 15717567 4292797 16730918 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 580 STUDENTS. 15717567 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 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 46 0 343 1 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 1 0 X ANNE HAGSTROM 2077745721 360 SPRING STREET PORTLAND ME 04102 JANE BATZELL MEMBER AT LARGE 2.00 X 0 0 0 TOM CRONIN TREASURER 2.00 X X 0 0 0 CONAN DEADY VICE PRESIDENT 2.00 X X 0 0 0 BEN DEVINE TRUSTEE 2.00 X 0 0 0 BILL HARWOOD TRUSTEE 2.00 X 0 0 0 KATE JETON PRESIDENT 2.00 X X 0 0 0 CINDA JOYCE TRUSTEE 2.00 X 0 0 0 DALE LEWIS TRUSTEE 2.00 X 0 0 0 GREGG LIPTON TRUSTEE 2.00 X 0 0 0 DENNEY MORTON TRUSTEE 2.00 X 0 0 0 EMILY RENSCHLER TRUSTEE 2.00 X 0 0 0 ERICA SCHAIR-CARDONA TRUSTEE 2.00 X 0 0 0 DEBORAH SHINN SECRETARY 2.00 X X 0 0 0 CHRISTOPHER SMITH TRUSTEE 2.00 X 0 0 0 TIM SOLEY TRUSTEE 2.00 X 0 0 0 SUSAN SPAGNOLA TRUSTEE 2.00 X 0 0 0 SANDY SPAULDING TRUSTEE 2.00 X 0 0 0 BILL TORREY TRUSTEE 2.00 X 0 0 0 JEFF TROIANO TRUSTEE 2.00 X 0 0 0 CHERIE WENDELKEN TRUSTEE 2.00 X 0 0 0 GEOFF WAGG HEAD OF SCHOOL 50.00 X 479492 0 35689 ANNE HAGSTROM DIR OF FINANCE & OPERATION 50.00 X 100149 0 24242 PETER HAMBLIN ASSOCIATE HEAD OF SCHOOL 50.00 X 109369 0 28601 LOWELL LIBBY UPPER SCHOOL DIRECTOR 50.00 X 104968 0 17698 793978 0 106230 4 0 1 0 SCOTT SIMONS ARCHITECTS LLC 75 YORK STREET PORTLAND ME 04101 ARCHITECTURAL SERVICES 341274 CCS CO LLC 10 HIGH STREET SUITE 401 BOSTON MA 02110 FUNDRAISER CONSULTING 233000 CUSTOM COACH OF PORTLAND 19 BARTLETT ROAD GORHAM ME 04038 TRANSPORTATION SERVICES 220434 HR CONCEPTS LLC 111 CHARLES STREET MANCHESTER NH 03101 THIRD PARTY ADMINISTRATOR 182107 4 3557327 256421 3557327 TUITION 611600 15431250 15431250 SUMMER PROGRAMS 611600 305600 305600 TUTORING 611600 299835 299835 CAFETERIA 722210 235768 235768 TRANSPORTATION 480000 137979 137979 320486 320486 16730918 452915 452915 20935 25936 -5001 -5001 -5001 1526056 1350387 18369 175669 -18369 157300 157300 10647 9446 1201 1201 20894660 16730918 0 606415 4292797 4292797 546822 498022 48800 7676968 6387020 1107660 182288 1776301 1546288 190418 39595 583545 444293 122079 17173 19423 19423 20200 20200 123000 123000 40339 40339 47020 46301 719 254491 45695 157325 51471 283301 283301 243474 231175 5878 6421 444058 444058 730106 730106 87057 87057 MAINTENANCE, SUPPLIES, 1712467 1516091 132061 64315 CAPITAL CAMPAIGN EXPENS 119791 119791 MISCELLANEOUS 115613 102008 7634 5971 DUES & SUBSCRIPTIONS 56605 5435 44814 6356 10714 10714 19184092 15717567 2801344 665181 3031616 3220524 1374911 1652104 124893 1660201 18160 47372 262046 359446 27155268 10273963 16914061 16881305 130147 102325 23673820 22364772 275538 265335 45805192 46553384 1418194 1336866 3382650 3603465 10321534 10417784 35605 22032 2129167 2977409 17287150 18357556 X 19785087 17641290 2367200 3659849 6365755 6894689 28518042 28195828 45805192 46553384 X 1710568 -1184540 -848242 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23673819 359469 -599500 336534 573175 159308 22364772 24023926 457903 183793 269049 558035 164719 23673819 21459112 251242 3182401 231212 497237 140380 24023926 18707268 1107686 2393138 166504 446964 135513 21459112 18964357 255323 85074 97096 390304 110086 18707268 0.64780 0.29580 0.05640 0 0 714802 714802 24891076 8904966 15986110 337500 289712 47788 1211890 1079285 132605 16881305 COMMON FUND 11514647 F GMO INVESTMENTS 10850125 F 22364772 INTEREST RATE SWAP LIABILITY 2977409 2977409 X 14335202 -1184540 54251 -1130289 15465491 40339 5388830 5429169 20894660 14657416 54251 54251 14603165 40339 4540588 4580927 19184092 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 9,446. RENTAL EXPENSES 25,936. LOSS ON DISPOSAL OF ASSETS 18,869. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,292,797. BAD DEBT EXPENSE 5,000. UNREALIZED LOSS ON INTEREST RATE SWAP 848,242. PROFESSIONAL FUNDRAISING SERVICES 123,000. CAPITAL CAMPAIGN EXPENSE 119,791. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 9,446. RENTAL EXPENSES 25,936. LOSS ON DISPOSAL OF ASSETS 18,869. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,292,797. BAD DEBT EXPENSE 5,000. PROFESSIONAL FUNDRAISING SERVICES 123,000. CAPITAL CAMPAIGN EXPENSE 119,791. 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 MAINE ASSOCIATION OF INDEPENDENT SCHOOLS COMBINED ADVERTISMENT FOR MEMBER SCHOOLS AND IN LOCAL NEWSPAPERS. X X X X X X 1 CCS CO LLC 10 HIGH ST SUITE 401 BOSTON MA 02110 CAPITAL CAMPAIGN PLANNING 0 2396349 123000 0 2396349 123000 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CAPITAL CAMPAIGN PLANNING 1 FINANCIAL AID 228 4292797 FINANCIAL AID X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 GEOFF WAGG HEAD OF SCHOOL 479492 0 0 0 0 0 14851 0 20838 0 515181 0 0 0 SCHEDULE J, PART II - GEOFF WAGG WAGES INCLUDED IN GEOFF WAGG'S WAGES ARE TUITION AND TUITION GROSS-UP PAYMENTS FOR HIS CHILDREN. DUE TO THE TIMING OF THE TUITION GROSS-UP PAYMENTS DURING CALENDAR YEAR 2015, THE 2015 W-2 WAGES INCLUDE TWO YEARS OF PAYMENTS. 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 277784 0 0 0 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 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2016 ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2016 X 12 256421 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 REVIEWED BY THE EXECUTIVE COMMITTEE 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 15 MR. WAGG'S COMPENSATION WAS DETERMINED BY WILLIAM TORREY AND DIANE LUKAC, FORMER PRESIDENTS OF THE BOARD OF TRUSTEES AND CO-CHAIRS OF THE SEARCH COMMITTEE AFTER DISCUSSION WITH INDEPENDENT SEARCH CONSULTANTS, RG175, AND REVIEW OF NAIS COMPENSATION DATA FOR SIMILAR SCHOOLS. THE SEARCH COMMITTEE RECOMMENDED THE SALARY TO THE FULL BOARD OF TRUSTEES AND MR. WAGG'S APPOINTMENT AND CONTRACT (WHICH INCLUDED THE SALARY, TUITION AND TUITION GROSS-UP FOR HIS CHILDREN) WAS APPROVED BY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -848,242. PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.