2016-01-26T09:50:59-06:00 2015-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-07-01 010212438 Maine Central Institute MAIN 2074874454 295 Main Street Pittsfield ME 04967 Karla Edney CFO & Director of Operations 2074874454 2016-01-22 1 Barbara J McGuan CPA P00219457 2077752387 2016-01-22 2014 2016-04-25 22:37:26Z Christopher Hopkins 295 Main Street Pittsfield ME 04967 14496464 0 X www.mci-school.org X 1866 ME Secondary school education. 24 24 236 100 0 0 688548 1168581 8659688 9905534 538849 501901 0 0 9887085 11576016 934952 1264669 0 0 4836928 5244393 2182 0 244769 2925821 3260246 8699883 9769308 1187202 1806708 20998469 22757157 5729860 5974552 15268609 16782605 X MCI pledges to provide a rigorous, comprehensive educational program to a multicultural student body with a wide range of abilities and interests. In a safe and caring atmosphere, students will acquire knowledge, self-esteem, social responsibility, and the critical thinking and communication skills necessary for global citizenship and lifelong learning. 0 0 6904409 1264669 9905534 Maine Central Institute offers high school and postgraduate programs in Pittsfield, Maine to Maine School Administrative District #53 (SAD #53) and boarding students. Education and meals provided for aproximately 455 students; housing is provided for aproximately 135 students. 6904409 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 46 0 1 236 1 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 ME X Karla Edney 2074874454 295 Main Street Pittsfield ME 04967 Norbert Young Jr President 10.00 X X 0 0 0 David Fortin Vice President 3.00 X X 0 0 0 Andi Vigue Treasurer 5.00 X X 0 0 0 Timothy Archibald Trustee 3.00 X 0 0 0 William Ball Past Trustee 3.00 X 0 0 0 Blake Bartlett Trustee 2.00 X 0 0 0 Paul Bertrand Trustee 2.00 X 0 0 0 Diane Bryan Trustee 3.00 X 0 0 0 Tania Carnrick Trustee 3.00 X 0 0 0 James Christie Trustee 2.00 X 0 0 0 Robert Cianchette Trustee 2.00 X 0 0 0 Susan England Trustee 2.00 X 0 0 0 Peter Fendler Trustee 3.00 X 0 0 0 Lewis Fitts III Trustee 3.00 X 0 0 0 Anthony Frederick Jr Past Trustee 2.00 X 0 0 0 Susan Haseltine Trustee 2.00 X 0 0 0 Robert Hayes Trustee 3.00 X 0 0 0 Michael Hodgins Trustee 2.00 X 0 0 0 David MacGown Trustee 3.00 X 0 0 0 Robert Menucci Trustee 2.00 X 0 0 0 Gregg Newhouse Trustee 2.00 X 0 0 0 Elaine Patterson Trustee 2.00 X 0 0 0 Gregory Patterson Trustee 2.00 X 0 0 0 Michael Savage Trustee 2.00 X 0 0 0 Linda Shorey Trustee 2.00 X 0 0 0 Carolyn Smith Trustee 2.00 X 0 0 0 Christopher Hopkins Headmaster 40.00 X 164073 0 45362 Donna M Ferenc CFO 40.00 X 85467 0 8862 249540 0 54224 1 0 1 0 Chartwells 3 International Drive Rye Brook NY 10573 Catering 455368 2 16000 1152581 191201 1168581 Tuition and Fees 611710 9364179 9364179 Other Program Revenue 611710 444530 444530 Student Activities 611710 81262 81262 Bookstore 611710 15563 15563 9905534 189124 189124 3232875 350 2920448 0 312427 350 312777 312777 11576016 9905534 0 501901 1264669 1264669 303765 25660 236218 41887 4186401 2985836 1087346 113219 66683 49384 15817 1482 366428 275935 85004 5489 321116 217641 92904 10571 379020 379020 1485 1485 54565 54565 26061 26061 142180 18000 117207 6973 3595 2745 850 460010 221944 189786 48280 522715 410095 110018 2602 166064 95134 62365 8565 14522 8319 5454 749 115993 91002 24414 577 476946 429675 46232 1039 79421 44063 35078 280 Food Costs 476227 476227 Miscellaneous Expenses 175663 123615 50306 1742 Student Activities/Even 86489 86489 Athletic Programs 79290 77976 1314 9769308 6904409 2620130 244769 X 2591253 3951617 904176 525871 1223718 1305240 108261 56895 48577 56728 26560 11252 16684168 8678887 7716584 8005281 6126195 6677974 52722 50406 2200423 2115893 20998469 22757157 595864 795694 3916395 3796359 1217601 1382499 5729860 5974552 X 8286276 9523598 3309266 3522538 3673067 3736469 15268609 16782605 20998469 22757157 X 1806708 -208181 -84531 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 765 765 0 Part II-B, Line 1: The Orgnaization pays dues to various organizations, a portion of which are attributable to lobbying expenses. X 0 6280449 734454 246408 248761 7012550 5570302 258 864431 154542 6280449 5620895 11104 484811 546508 5570302 5774547 60152 -49343 164461 5620895 4583110 65563 1354548 228674 5774547 0.51000 0.26000 0.23000 0 0 80681 80681 14495782 7269391 7226391 1715427 1409409 306018 392278 87 392191 8005281 Cash Surrender Value of Life Insurance Policies 8262 Gifts of Future Interests 2107631 2115893 Tuition Deposits 1277842 Other Current Liabilities 104657 1382499 10076491 -208181 39407 -84531 -253305 10329796 26061 1220159 1246220 11576016 8562495 39407 39407 8523088 26061 1220159 1246220 9769308 Part III, Line 1a: Received a custom sculpture during the year that was held for public exhibition. Part III, Line 4: Same as question 1a above. Part V, Line 4: MCI maintains endowment investment funds that are used to fund current/future operations, scholarships, facilities, and to supply capital for other various needs. Part XI, Line 2d - Other Adjustments: Changes in Value of Split-Interest Agreements -84,531. Part XI, Line 4b - Other Adjustments: Financial Aid Grants 1,220,159. Part XII, Line 4b - Other Adjustments: Financial Aid Grants 1,220,159. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Statement included in recruiting brochures Schedule E, Part I, Line 6 The school participates in various state governmental Financial Aid programs. East Asia and the Pacific - 0 0 Finders fees paid for recruiting students 333945 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Finders fees paid for recruiting students 45075 Russia & the Newly Independent States - 0 0 Cost of travel for recruiting 18906 East Asia and the Pacific - 0 0 Cost of travel for recruiting 23100 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Cost of travel for recruiting 7876 0 0 0 0 0 0 428902 0 428902 0 0 0 0 0 0 1 Scholarship Awards 21 44510 Financial Aid 83 1220159 FMV Discounted tuition Part I, Line 2: All assistance to individuals is in the form of financial aid, grants, scholarships and tuition discounts awarded to students. Assistance is applied directly to the student's account balance. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Christopher Hopkins Headmaster 155271 0 0 0 8802 0 4728 0 40634 0 209435 0 0 0 Part I, Line 1a The Headmaster is required to live on campus, therefore housing is provided at a total estimated fair market value of $21,549. A Finance Authority of Maine 010392006 2012-08-01 4147000 Refunding of Previously issued 2007 Finance Authority of Maine Bond 0 0 0 A 350641 4147000 40914 4106086 2012 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 Suzanne Hopkins Family member of Christopher Hopkins, Headmaster 12500 Compensation 0 X 4 62679 FMV X Capitalized Athletic Field Work 1 123926 Actual Donor Costs X Miscellaneous 9 4596 FMV 0 1 1 Part I, Line 32b: The organization sells contributions of stock through its investment broker as soon as is administratively possible. Form 990, Part VI, Section A, line 2 Michael Hodgins, Trustee, and Andi Vigue, Board Treasurer, have a family relationship. Elaine Patterson, Trustee, and Gregory Patterson, Trustee, have a family relationship. Form 990, Part VI, Section A, line 4 Changes were made during the year to the organizations bylaws regarding the maximum amount of recent graduate board members, and the minimum amount of total board members. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an outside accounting firm. A complete copy of the form and all schedules is reviewed by the chief financial officer as well as the finance/investment committee. A copy of the core Form 990 is then provided to each member of the board of trustees for review, without the schedules attached. All schedules are available in the business office for review, but names and addresses of donors are redacted from the Schedule B. Form 990, Part VI, Section B, line 12c Every October, the Organization requires the completion of a conflict of interest disclosure form for any situation that would give rise to a conflict. The Organization maintains records as to who has returned a completed form and the situation in question. Form 990, Part VI, Section B, line 15 When determining the compensation levels for the Headmaster of the school, the Organization reviewed documentation from the Independent Schools Association of Northern New England and the National Association of Independent Schools. Salary levels for prior Headmasters, as well as information from other similar schools is also reviewed. The executive administration staff compensation is also based upon documentation from ISANE. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Maine Central Institute 295 Main Street Pittsfield, ME 04967 EIN 01-0212438 Maine Central Institute is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Changes in Value of Temporarily Restricted Split-Interest Agreements -12,761. Changes in Value of Permanently Restricted Split-Interest Agreements -71,770. Albert & Olive Partridge Trust co US Bank Bank of America Trust Operation PO Box 366 Providence RI 029019972 Charitable Trust ME N/A T 642334 0.89760 0 Sanger Cook Trust co US Bank Bank of America Trust Operations PO Box 366 Providence RI 029019972 Charitable Trust ME N/A T 421455 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0