2016-02-02T13:57:58-06:00 2015-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2014-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM DIR OF FINANCE & OPERATIONS 2077745721 2016-01-22 1 JASON C LEBLANC P01212079 2077721981 2016-01-21 2014 2016-04-25 22:37:26Z GEOFFREY WAGG 360 SPRING STREET PORTLAND ME 04102 18852095 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. 18 18 331 50 0 0 1024866 1013406 15292973 15927792 1054420 958464 -3240 67599 17369019 17967261 3645689 4094620 0 0 9449607 10298778 0 110000 515030 3969509 4096259 17064805 18599657 304214 -632396 46820703 45805192 16419726 17287150 30400977 28518042 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 15279071 4094620 15927792 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 570 STUDENTS. 15279071 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 47 0 331 1 0 0 0 0 0 0 0 0 0 0 X 18 18 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 TRUSTEE 2.00 X 0 0 0 TOM CRONIN TREASURER 2.00 X X 0 0 0 CONAN DEADY SECRETARY 2.00 X X 0 0 0 WILLIAM HARWOOD MEMBER AT LARGE 2.00 X 0 0 0 GREGORY HASTINGS TRUSTEE 2.00 X 0 0 0 ANNE O JACKSON TRUSTEE 2.00 X 0 0 0 KATHERINE JETON VICE 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 ERICA SCHAIR-CARDONA TRUSTEE 2.00 X 0 0 0 DEBORAH SHINN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER R 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 WILLIAM TORREY PRESIDENT 2.00 X X 0 0 0 JEFF TROIANO TRUSTEE 2.00 X 0 0 0 GEOFF WAGG HEAD OF SCHOOL 50.00 X 314702 0 27626 ANNE HAGSTROM DIR. OF FINANCE & OPERATIO 50.00 X 97068 0 17257 PETER HAMBLIN DEAN OF STUDIES 50.00 X 107264 0 18305 LOWELL LIBBY UPPER SCHOOL DIRECTOR 50.00 X 100014 0 15574 619048 0 78762 3 0 1 0 CUSTOM COACH OF PORTLAND 535 WARREN AVE PORTLAND ME 04103 TRANSPORTATION SERVICES 209357 AAA ENERGY SERVICE CO 4 COMMERCIAL ROAD SCARBOROUGH ME 04074 HVAC INSTALLATION AND SERVICE 128178 VERACROSS LLC 401 EDGEWATER PLACE 360 WAKEFIELD MA 01880 MAINTENANCE FEE/BUILD CONVERSION 100066 3 1013406 68902 1013406 TUITION 611600 14710715 14710715 TUTORING 611600 291347 291347 SUMMER PROGRAMS 611600 254442 254442 CAFETERIA 722210 204820 204820 TRANSPORTATION 480000 156625 156625 309843 309843 15927792 803103 803103 20500 19239 1261 1261 1261 991803 2549 838991 0 152812 2549 155361 155361 92942 26604 66338 66338 17967261 15927792 0 1026063 4094620 4094620 389783 342403 47380 7716437 6308878 1145934 261625 1622739 1411075 166274 45390 569819 436480 114056 19283 12174 12174 19560 19560 110000 110000 40131 40131 134942 53098 81844 228545 228545 305729 305729 247411 233097 6005 8309 449543 449543 731371 731371 76562 76562 MAINTENANCE, SUPPLIES, 1649824 1489128 145378 15318 MISCELLANEOUS 143188 133656 3018 6514 DUES & SUBSCRIPTIONS 38642 5377 32054 1211 TRUSTEE EXPENSES 16843 16843 1794 1794 18599657 15279071 2805556 515030 2400276 3031616 2437522 1374911 127777 124893 43130 18160 287453 262046 26460382 9546321 17169036 16914061 158646 130147 24023926 23673820 172937 275538 46820703 45805192 1172502 1418194 3059348 3382650 10400000 10321534 15951 35605 1771925 2129167 16419726 17287150 X 21738162 19785087 2693120 2367200 5969695 6365755 30400977 28518042 46820703 45805192 X -632396 -730257 -520282 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 14470195 2178489 2833408 92248 323370 102117 18964357 0.65870 0.26430 0.07700 0 0 714802 714802 24306303 8296483 16009820 337500 273782 63718 1101777 976056 125721 16914061 COMMON FUND 11817273 F GMO INVESTMENTS 11856547 F 23673820 INTEREST RATE SWAP LIABILITY 2129167 2129167 X 12627814 -730257 45843 -684414 13312228 40131 4614902 4655033 17967261 14510749 45843 45843 14464906 40131 4094620 4134751 18599657 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 26,604. RENTAL EXPENSES 19,239. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,094,620. LOSS ON BOND REDEMPTION 163,040. UNREALIZED LOSS ON INTEREST RATE SWAP 357,242. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 26,604. RENTAL EXPENSES 19,239. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,094,620. 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. 1 CCS CO LLC 10 HIGH ST SUITE 401 BOSTON MA 02110 CAPITAL CAMPAIGN FEASIBILITY STUDY 0 0 110000 0 110000 AUCTION 85091 85091 20408 SPRING FLING AND SPRINT 7851 7851 6196 92942 92942 26604 26604 66338 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CAPITAL CAMPAIGN FEASIBILITY STUDY 0 FINANCIAL AID 217 4094620 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 314702 0 0 0 0 0 0 0 27626 0 342328 0 0 0 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 2014 0 1 1 1 B 48201 48201 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 0 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: 10/28/2015 ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2015 SUSAN L WARNER DAUGHTER OF TRUSTEE 13851 COMPENSATION 0 X 9 68902 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, PRESIDENT OF THE BOARD OF TRUSTEES AND DIANE LUKAC, FORMER PRESIDENT 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) 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 -357,242. LOSS ON BOND REDEMPTION -163,040. PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.