2016-05-16T12:50:19-05:00 2015-06-30 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2014-07-01 010224898 HEBRON ACADEMY INCORPORATED HEBR 2079662100 PO BOX 309 HEBRON ME 04238 JAMES L BISESTI BUSINESS MANAGER 2079662100 2016-05-16 1 RORY O'BRION P01874526 2077732986 2014 2016-08-17 19:52:53Z JOHN J KING PO BOX 309 HEBRON ME 04238 19699248 0 X WWW.HEBRONACADEMY.ORG X 1941 ME TO OPERATE A NON-PROFIT, PRIVATE SCHOOL FOR STUDENTS FROM MIDDLE SCHOOL TO HIGH SCHOOL, AND TO INSPIRE AND GUIDE STUDENTS TO REACH THEIR HIGHEST POTENTIAL IN MIND, BODY AND SPIRIT. OUR CORE VALUES ARE FUNDAMENTAL TO THE HEBRON EXPERIENCE. 23 23 158 89 44578 -29257 1309088 3141908 11810262 13404865 1186497 966507 109929 307531 14415776 17820811 3991354 4807700 0 0 5020985 5255340 29391 31926 699491 5471205 5816102 14512935 15911068 -97159 1909743 41461819 42816771 19840127 19563598 21621692 23253173 TO OPERATE A NON-PROFIT, PRIVATE SCHOOL FOR STUDENTS FROM MIDDLE SCHOOL TO HIGH SCHOOL, AND TO INSPIRE AND GUIDE STUDENTS TO REACH THEIR HIGHEST POTENTIAL IN MIND, BODY AND SPIRIT. OUR CORE VALUES ARE FUNDAMENTAL TO THE HEBRON EXPERIENCE. 0 0 12053484 4807700 13470396 SECONDARY AND MIDDLE SCHOOL EDUCATION. 12053484 1 1 0 0 0 0 0 1 0 1 1 0 0 1 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 1 0 0 0 0 0 0 0 1 26 0 1 158 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES L BISESTI 2079665268 339 PARIS ROAD PO BOX 309 HEBRON ME 04238 PAUL S GOODOF CHAIR 2.00 X X 0 0 0 JUDAH SOMMER VICE CHAIR 2.00 X X 0 0 0 SCOTT E WILSON TREASURER 2.00 X X 0 0 0 DEBRA B BLOOMINGDALE SECRETARY 2.00 X X 0 0 0 RICHARD BENNETT BOARD MEMBER 1.00 X 0 0 0 DEVON BIONDI BOARD MEMBER 1.00 X 0 0 0 JAMES R CLEMENTS BOARD MEMBER 1.00 X 0 0 0 FELICA W CONEY BOARD MEMBER 1.00 X 0 0 0 ROBERT A DONAHUE BOARD MEMBER 1.00 X 0 0 0 CLEMENT S DWYER JR BOARD MEMBER 1.00 X 0 0 0 WENDE FOX LAWSON BOARD MEMBER 1.00 X 0 0 0 WALLACE HIGGINS BOARD MEMBER 1.00 X 0 0 0 JAMES HILL BOARD MEMBER 1.00 X 0 0 0 THOMAS N HULL III BOARD MEMBER 1.00 X 0 0 0 MATTHEW W JOHNSON BOARD MEMBER 1.00 X 0 0 0 KIMBALL L KENWAY ESQ BOARD MEMBER 1.00 X 0 0 0 DAVID S PROUT BOARD MEMBER 1.00 X 0 0 0 ROBERT J RYAN ESQ BOARD MEMBER 1.00 X 0 0 0 HEATHER C STEPHENS BOARD MEMBER 1.00 X 0 0 0 MEREDITH STRANG BURGESS BOARD MEMBER 1.00 X 0 0 0 J MATTHEW LYNESS BOARD MEMBER 1.00 X 0 0 0 ROBERT E WAITE BOARD MEMBER 1.00 X 0 0 0 DAVID J WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JOHN KING HEADMASTER 40.00 X 206996 0 44962 JAMES BISESTI BUSINESS MANAGER 40.00 X 126762 0 14939 PATRICIA LAYMAN DIRECTOR OF ADVANCEMENT 40.00 X 120250 0 15016 454008 0 74917 3 0 1 0 0 3141908 327853 3141908 TUITION AND FEES 611600 13012010 13012010 STUDENT CENTER 611710 302506 302506 OTHER SERVICES AND FEES 611710 74876 74876 SPECIAL ASSESSMENTS 611710 15473 15473 13404865 331434 331434 110109 0 110109 110109 65531 44578 2513510 1878437 635073 635073 635073 CASUALTY GAIN 611600 110600 110600 INSURANCE PROCEEDS 900099 86822 86822 197422 17820811 13470396 44578 1163929 4807700 4807700 254596 76379 127298 50919 4121943 2668903 1097323 355717 262655 170501 69630 22524 297459 197613 75815 24031 318687 200986 88445 29256 17075 17075 31926 31926 54732 54732 262682 134864 100284 27534 22973 22813 160 372552 158531 132339 81682 3989 3989 1158377 946264 212113 246043 202772 19050 24221 771498 771498 1041711 1041711 112247 112247 FOOD SERVICE 923919 923919 BAD DEBT 202904 202904 STUDENT CENTER 165068 165068 TRANSPORT 84390 84390 375942 247081 77180 51681 15911068 12053484 3158093 699491 727355 600483 5184075 4726508 2470203 3479647 125426 33213 1588978 1588978 35143 43343 180997 105900 30550544 10674799 19569253 19875745 9375964 10095152 2878 2931 2201547 2264871 41461819 42816771 683335 976974 4019042 3474817 14700000 14700000 111043 155994 326707 255813 19840127 19563598 X 7416551 7488007 5832537 6385043 8372604 9380123 21621692 23253173 41461819 42816771 X 1909743 -372942 94680 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X OH CONSIGNMENT SALE - ART PRES 1 8655158 148403 418812 309003 8913370 8086322 43849 894187 369200 8655158 7555142 18046 782143 269009 8086322 7553975 165473 11029 175335 7555142 6796179 12902 1065836 320942 7553975 0.89130 0.10870 0 0 459150 459150 25980521 7663189 18317332 3297503 2390305 907198 813370 621305 192065 19875745 CASH SURRENDER VALUE OF LIFE INSURANCE 88981 SPLIT-INTEREST AGREEMENTS 1980809 INTANGIBLE ASSETS, NET 195081 2264871 CLASS AND ACTIVITY FUNDS 36480 DEFERRED VENDOR REBATE 219333 255813 X 17487817 -372942 94680 -278262 17766079 54732 54732 17820811 15856336 0 15856336 54732 54732 15911068 PART III, LINE 4: THE COLLECTION HELPS TO EXPLAIN THE HISTORY OF THE ACADEMY AS WELL AS THE ALUMNIS WHO ATTENDED THE SCHOOL. PART V, LINE 4: TO PROVIDE SUPPORT FOR VARIOUS ACTIVITIES OF THE ACADEMY, INCLUDING PROVISION FOR FINANCIAL AID AND RELATED EXPENDITURES. PART X, LINE 2: THE ACADEMY FOLLOWS THE PROVISIONS OF FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY OF 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 AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO 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. THERE WAS NO CUMULATIVE EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS RELATED TO THESE PROVISIONS BEING FOLLOWED, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. THE ACADEMY IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2012 THROUGH 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 94,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HEBRON ACADEMY PUBLICIZES ITS POLICY THROUGH STUDENT AND STAFF HANDBOOKS, AS WELL AS OTHER PUBLICIZED ADVERTISEMENTS. X X X X X 0 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 FUNDRAISING CONSULTING 0 0 31926 -31926 31926 -31926 1 STUDENT FINANCIAL AID 175 4807700 DIRECT DISCOUNT OF TUITION. REDUCTION OF TUITION DUE FOR RECIPIENT. PART I, LINE 2: GRANT FUNDS ARE DIRECT REDUCTIONS OF TUITION. SCHEDULE I, PART 111 GRANT FUNDS REPRESENT FINANCIAL AID, THIS IS NOT A CASH TRANSACTION, BUT RATHER A REDUCTION IN THE STUDENTS OVERALL TUITION. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN KING HEADMASTER 206996 0 0 0 0 0 14674 0 30288 0 251958 0 0 0 PART I, LINE 1A THE HEAD MASTER OF HEBRON ACADEMY IS PROVIDED WITH HOUSING LOCATED ON THE HEBRON ACADEMY CAMPUS. THIS IS IN ACCORDANCE WITH AN EMPLOYMENT AGREEMENT STIPULATING THAT THE HEAD MASTER IS REQUIRED TO LIVE ON THE GROUNDS OF THE CAMPUS A DISCRETIONARY ALLOWANCE IS ALSO AVAILABLE FOR REIMBURSEMENT OF HOUSING RELATED COSTS SUCH AS MAINTENANCE AND CLEANING. A FINANCE AUTHORITY OF MAINE 010392006 56042BBJ5 2007-07-12 14700000 PROVIDE FUNDS FOR MAJOR CAPITAL IMPROVEMENT PROJECT. 0 0 0 A 14700000 257971 14442029 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 LEHMAN BROTHERS SPECIAL FINANCING 29.900000000000 0 0 1 MBIA INC 2.100000000000 1 0 0 A 0 X 15 327853 FAIR MARKET VALUE X PHOTOGRAPHS 14 0 N/A X PUBLICATIONS 1 0 N/A X YEARBOOKS 1 0 N/A X CLOTHING 1 0 N/A 1 1 0 PART I, LINE 30B: 17 NOTABLE GIFTS OF PHOTOGRAPHS, PUBLICATIONS, YEARBOOKS AND CLOTHING. PART I, LINE 33: WE ADDED THE GIFTS RECEIVED TO THE ACADEMY ARCHIVES. THE ARCHIVES DEPICT THE HISTORY OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY HEBRON'S INDEPENDENT AUDITORS, A DRAFT IS SENT TO THE BUSINESS MANAGER WHO REVIEWS THE RETURN AND DIRECTS ANY QUESTIONS/COMMENTS TO THE AUDIT FIRM'S PERSONNEL. UPON THE BUSINESS MANAGER'S APPROVAL OF THE RETURN, IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. UPON THE APPROVAL OF THE RETURN BY THE AUDIT COMMITTEE, THE RETURN IS THEN FINALIZED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HEBRON REGULARLY MONITORS SUCH ISSUES WITH EMPLOYEES AND BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 IN THE FIRST BOARD MEETING OF THE CALENDAR YEAR, THE BOARD OF TRUSTEES GOES INTO EXECUTIVE SESSION TO REVIEW THE HEAD OF SCHOOL, WHICH IS FOLLOWED UP WITH A REVIEW OF THE HEAD OF SCHOOL'S PERFORMANCE AT THE SUMMER BOARD MEETING. COMPENSATION IS THEN DISCUSSED FOR THE NEXT FISCAL YEAR BASED ON PERFORMANCE AND COMPARABILITY DATA OF OTHER PRIVATE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 94,680. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED.