2016-01-19T17:07:47-06:00 2015-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-07-01 010211536 North Yarmouth Academy NORT 2078462380 148 Main Street Yarmouth ME 04096 Lee Mallett Treasurer 2078462380 2016-01-13 1 Barbara J McGuan CPA P00219457 2077752387 2016-01-13 2014 2016-04-25 22:37:26Z John Drisko 148 Main Street Yarmouth ME 04096 10494241 0 X www.nya.org X 1814 ME Education of grades toddler through 12 19 19 155 22 67079 -96003 687351 1251234 8855694 8944916 202207 91875 -96696 27852 9648556 10315877 2581444 2801487 0 0 4538379 4704312 0 0 272571 2810525 2740545 9930348 10246344 -281792 69533 17672539 17566571 4896869 4767968 12775670 12798603 X North Yarmouth Academy is an independent, college preparatory, coeducational day school serving students in toddler through grade twelve. The school offers a structured program that sets clear standards and high expectations in an environment that emphasizes values of mutual respect, trust and community. North Yarmouth Academy is dedicated to fostering integrity, character and intellect in young adults. 0 0 8460806 2801487 8944916 The Academy operates a private day school in Yarmouth, Maine with 346 students from toddler through twelfth grade.The North Yarmouth Academy program encourages students to develop:1. Problem-solving skills based on sound analytical and creative thought2. Sophistication in writing, speaking and artistic expression3. Appreciation for the importance of athletic activity, teamwork and cooperation4. Self-confidence and self-respect through a breadth of experiences that extend beyond the classroom5. Concern for the larger community and an appreciation for the natural environment6. Desire to continue the process of lifelong learning 8460806 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 1 155 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Bill Clark 2078475426 148 Main Street Yarmouth ME 04096 Allen Bornheimer Vice President 1.00 X X 0 0 0 Nick Alberding Trustee 1.00 X 0 0 0 Jay Flower Vice President 1.00 X X 0 0 0 Laura Argitis Trustee 1.00 X 0 0 0 Richard Abbondanza Trustee 1.00 X 0 0 0 Jean Detert Trustee 1.00 X 0 0 0 Julie Moss Trustee 1.00 X 0 0 0 Linc Merrill Trustee 1.00 X 0 0 0 Ted Sharp Trustee 1.00 X 0 0 0 Michael Rayder Trustee 1.00 X 0 0 0 Steve Bachelder President 1.00 X X 0 0 0 Susan Burns Secretary 1.00 X X 0 0 0 David Williams Trustee 1.00 X 0 0 0 Alison Prawer Trustee 1.00 X 0 0 0 Lee Mallett Treasurer 1.00 X X 0 0 0 Steve Malcom Trustee 1.00 X 0 0 0 Warren Miskell Trustee 1.00 X 0 0 0 Scott Steinberg Trustee 1.00 X 0 0 0 Eric Schaeffer Trustee 1.00 X 0 0 0 John T Drisko Interim Head of School 50.00 X 134381 0 14401 Bill Clark COO 50.00 X 106670 0 22243 Brad Choyt Former Head of School 0.00 X 173395 0 19896 414446 0 56540 3 1 1 0 Weatherize Northeast 74 Franklin Street Lewiston ME 04240 Construction 553177 1 1251234 820942 1251234 Tuition & Fees 611710 8092323 8092323 Arena Income 531120 314687 247608 67079 Auxiliary Income 611710 219258 219258 Other Program Revenue 611710 187465 187465 Summer Revenue 611710 131183 131183 8944916 91875 91875 101450 163584 -62134 -62134 -62134 48218 14780 33438 33438 Debt Forgiveness 611710 56548 56548 56548 10315877 8877837 67079 119727 2801487 2801487 277695 277695 3592686 2985922 443997 162767 54490 43113 8523 2854 461287 406750 40131 14406 318154 254981 51008 12165 14411 58 13893 460 32211 5368 25165 1678 11134 11134 121036 48988 71824 224 76055 23144 52898 13 522385 364390 126334 31661 485864 413968 71896 80298 78560 894 844 2442 1183 264 995 154519 123665 30854 676197 535999 140198 89010 28368 59948 694 Miscellaneous Expense 222501 126192 55565 40744 Education Expense 211232 202992 5486 2754 Capital Expenditures 22095 15678 6105 312 Bad Debt Expense 19155 19155 10246344 8460806 1512967 272571 X 325 325 627256 332387 580456 1300066 29605 5929 53149 49207 22290491 9986176 12347225 12304315 3751867 3297705 25347 17236 257309 259401 17672539 17566571 564503 512597 662882 614218 1535366 1446109 2126028 2186954 8090 8090 4896869 4767968 X 8999787 8744820 1755079 1931047 2020804 2122736 12775670 12798603 17672539 17566571 X 69533 -48692 2092 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3751867 1932 32049 488143 3297705 3389662 2352 500607 140754 3751867 3256991 74148 434795 376272 3389662 3552444 17867 -138485 174835 3256991 3061359 35757 619465 164137 3552444 0.30150 0.61340 0.08510 0 0 199964 199964 17311068 6253802 11057266 2930207 2502109 428098 1849252 1230265 618987 12304315 Security Deposits 8090 8090 7575133 -48692 120569 71877 7503256 11134 2801487 2812621 10315877 7552200 118477 118477 7433723 11134 2801487 2812621 10246344 Part V, Line 4: Intended uses of endowment funds include capital improvements, scholarships, faculty enrichment, diversity, and other various mission-related purposes. Part XI, Line 2d - Other Adjustments: Rental Expense 103,697. Fundraising Expense 14,780. Change in Value of Deferred Gifts 2,092. Part XI, Line 4b - Other Adjustments: Financial Aid 2,801,487. Part XII, Line 2d - Other Adjustments: Rental Expense 103,697. Fundraising Expense 14,780. Part XII, Line 4b - Other Adjustments: Financial Aid 2,801,487. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The racially nondiscriminatory policy is printed in all advertising and promotional materials. Auction 48218 48218 1625 4135 9020 48218 48218 1625 4135 9020 14780 33438 1 Financial Aid 132 0 1966612 FMV Tuition Discount Tuition Remission 55 0 834875 FMV Tuition Discount Part I, Line 2: All financial aid and tuition remissions are credited directly to the students account balances. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Brad Choyt Former Head of School 156225 0 0 0 17170 0 0 0 19896 0 193291 0 0 0 Part I, Line 1a The housing allowance is part of the employment contract. Part I, Line 4a Brad Choyt received a severance payment from the organization in the amount of $90,316 during calendar year 2014. A Town of Yarmouth 016000459 2003-01-06 2305000 Refinance land and building purchase 0 0 0 A 858891 2305000 9047 2295953 2004 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 5 31942 Publicly Disclosed Value X 1 789000 Opinion of expert 0 0 0 Form 990, Part VI, Section B, line 11 A draft Form 990 is reviewed by the school's COO to assure a proper reconciliation between the audited financials and the 990 format. Once the draft is approved by the COO, the COO then reviews it with the Board Treasurer who subsequently signs the return after the review process is complete. The reviewed 990 draft will be made available to the full board prior to filing. Form 990, Part VI, Section B, line 12c A conflict of interest form is distributed annually to all board members. Board members are asked to complete the form and submit it to the Organization on an annual basis. The board members are also asked at the beginning of each meeting if they have any conflicts of interest. Form 990, Part VI, Section B, line 15 The Headmaster's compensation is determined by a compensation review committee (made up of the board's officers). They use comparative data supplied by NAIS, ISANNE and Carney Sandoe. Form 990, Part VI, Section C, line 19 North Yarmouth Academy makes its governing documents, conflict of interest policy and certain financial statements available to the public upon appropriate request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: North Yarmouth Academy 148 Main Street, Yarmouth, ME 04096 EIN 01-0211536 North Yarmouth Academy is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Deferred Gifts 2,092.