2015-02-11T06:37:34-06:00 2014-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2013-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM DIR OF FINANCE & OPERATIONS 2077745721 2015-01-27 1 JASON C LEBLANC P01212079 2077721981 2015-01-27 2013 2016-03-07 17:11:31Z GEOFFREY WAGG 360 SPRING STREET PORTLAND ME 04102 17754153 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. 19 19 319 50 0 0 1281619 1024866 14530174 15292973 2599115 1054420 33308 -3240 18444216 17369019 3335297 3645689 0 0 9342523 9449607 0 0 546264 3832489 3969509 16510309 17064805 1933907 304214 44070766 46820703 16134503 16419726 27936263 30400977 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 14085478 3645689 15292973 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 550 STUDENTS. 14085478 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 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 0 0 0 0 1 55 0 319 1 0 0 0 0 0 0 0 0 0 0 X 19 19 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 CAROLYN BRAUN TRUSTEE 2.00 X 0 0 0 TOM CRONIN TRUSTEE 2.00 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 HILARY HOLM TRUSTEE 2.00 X 0 0 0 TASHA IRVING TRUSTEE 2.00 X 0 0 0 ANNE O JACKSON VICE PRESIDENT 2.00 X X 0 0 0 KATHERINE JETON 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 SUZANNE MCMULLAN TRUSTEE 2.00 X 0 0 0 WALDEN MORTON TRUSTEE 2.00 X 0 0 0 ERICA SCHAIR-CARDONA TRUSTEE 2.00 X 0 0 0 SUSAN SPAGNOLA TRUSTEE 2.00 X 0 0 0 ALEXANDER SPAULDING TRUSTEE 2.00 X 0 0 0 WILLIAM TORREY PRESIDENT 2.00 X X 0 0 0 VINCENT VERONEAU TREASURER 2.00 X X 0 0 0 GEOFF WAGG FROM 07012013 HEAD OF SCHOOL 50.00 X 156768 0 17664 ANNE HAGSTROM DIR. OF FINANCE & OPERATIONS 50.00 X 95673 0 16287 PETER HAMBLIN DEAN OF STUDIES 50.00 X 105658 0 17287 LOWELL LIBBY UPPER SCHOOL DIRECTOR 50.00 X 103274 0 14736 MARK W SEGAR THRU 06302013 HEAD OF SCHOOL 50.00 X 396606 0 36703 857979 0 102677 4 1 1 0 CUSTOM COACH OF PORTLAND 535 WARREN AVE PORTLAND ME 04103 TRANSPORTATION SERVICES 210361 HEALTH EQUITY 15 WEST SCENIC POINTE DRIVE SUITE DRAPER UT 84020 3RD PARTY BENEFITS ADMINISTRATOR 140475 CHEWONKI FOUNDATION 485 CHEWONKI NECK ROAD WISCASSET ME 04578 EDUCATIONAL SERVICES 121333 SEABREEZE PROPERTY SERVICES INC 413 PRESUMPSCOT STREET PORTLAND ME 04103 MAINTENANCE AND LANDSCAPING SERVICES 121092 TECTA AMERICA NEW ENGLAND LLC 2 STERLING RD NORTH BILLERICA MA 01862 REPAIRS AND MAINTENANCE SERVICES 113005 5 1024866 133758 1024866 TUITION 611600 14193106 14193106 SUMMER PROGRAMS 611600 263770 263770 TUTORING 611600 247345 247345 CAFETERIA 722210 203619 203619 TRANSPORTATION 480000 150321 150321 234812 234812 15292973 542066 542066 20700 18452 2248 2248 2248 868828 356474 512354 512354 512354 4720 10208 -5488 -5488 17369019 15292973 0 1051180 3645689 3645689 466837 420837 46000 6966744 5805965 871545 289234 1488013 1286472 151476 50065 528013 408243 98109 21661 13820 13820 20250 20250 36866 36866 47005 43013 3992 97952 97952 259660 259660 238829 230461 4645 3723 472336 472336 746823 746823 71296 71296 MAINTENANCE, SUPPLIES, 1740456 1447971 164007 128478 MISCELLANEOUS 161652 134693 21410 5549 DUES & SUBSCRIPTIONS 29822 5192 23076 1554 BAD DEBT 21880 21880 10862 10862 17064805 14085478 2433063 546264 1896050 2400276 2398356 2437522 258736 127777 11665 43130 269347 287453 26038336 8869300 17450195 17169036 146727 158646 21459112 24023926 180578 172937 44070766 46820703 1199450 1172502 2506656 3059348 10640000 10400000 23429 15951 1764968 1771925 16134503 16419726 X 20178792 21738162 1941650 2693120 5815821 5969695 27936263 30400977 44070766 46820703 X 304214 2166784 -6284 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 10508486 2975073 1469266 95590 298021 89019 14470195 0.66920 0.24450 0.08630 0 0 714802 714802 23988519 7691208 16297311 309403 294303 15100 1025612 883789 141823 17169036 COMMON FUND 11144203 F GMO INVESTMENTS 12879723 F 24023926 INTEREST RATE SWAP LIABILITY 1771925 1771925 X 15875523 2166784 29333 2196117 13679406 36967 3652646 3689613 17369019 13410809 28660 28660 13382149 36967 3645689 3682656 17064805 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. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON PLEDGE 673. SPECIAL EVENT EXPENSES 10,208. RENTAL EXPENSES 18,452. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,645,689. UNREALIZED LOSS ON INTEREST RATE SWAP 6,957. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 10,208. RENTAL EXPENSES 18,452. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,645,689. 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. 0 FINANCIAL AID 206 3645689 FINANCIAL AID X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 GEOFF WAGG FROM 07012013 HEAD OF SCHOOL 156768 0 0 0 0 0 0 0 17664 0 174432 0 0 0 MARK W SEGAR THRU 06302013 HEAD OF SCHOOL 207783 0 0 0 188823 0 0 0 36703 0 433309 0 0 0 A FINANCE AUTHORITY MAINE 010392006 56042BBM8 2007-10-31 11090000 CONSTRUCTION OF BUILDING 0 0 0 A 11090000 212630 10877370 2008 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 1 1 1 WELLS FARGO BANK NA 27.200000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/30/2013 SUSAN L WARNER DAUGHTER OF VICE PRESIDENT 13980 COMPENSATION 0 X 15 133758 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 MARK SEGAR (HEAD OF SCHOOL THROUGH 6/30/2013): THE MEMBERS OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MET NUMEROUS TIMES OVER A PERIOD OF MONTHS TO RESEARCH, ANALYZE, NEGOTIATE AND SIGN THE HEAD OF SCHOOL'S CURRENT CONTRACT. COMMITTEE MINUTES WERE TAKEN AND REMAIN ON FILE WITH OTHER BOARD DOCUMENTS. MEETINGS TOOK PLACE DURING THE SPRING OF 2008 AND RESUMED AFTER THE SUMMER INTO THE 2008-2009 SCHOOL YEAR. TO PROVIDE EXPERTISE AND ENHANCE OUR UNDERSTANDING OF THE COMPETITIVE LANDSCAPE, COMPARATIVE FINANCIAL DATA, RELEVANT CHANGES IN DEFERRED COMPENSATION REGULATIONS AND GOAL SETTING BENCHMARKS, A COMPENSATION CONSULTANT WAS RETAINED. A NUMBER OF POTENTIAL CONSULTANTS WERE CONSIDERED AND EXTENSIVE INTERVIEWS CONDUCTED WITH THREE OF THEM. THE COMMITTEE ELECTED TO WORK WITH PETER CALFEE OF CALFEE FINANCIAL. THE COMMITTEE WORKED WITH MR. CALFEE OVER MANY MONTHS TO CONSTRUCT FAIR AND COMPETITIVE CONTRACT TERMS. MR. CALFEE PROVIDED A REBUTTABLE PRESUMPTION LETTER TO THE COMMITTEE AT THE CONCLUSION OF OUR WORK. THE COMMITTEE ALSO WORKED WITH TWO ATTORNEYS TO REVIEW THE CONTRACT LANGUAGE AND TO WRITE THE SCHOOL'S 457(F) PLAN. THE COMMITTEE REVIEWED THE PRIOR CONTRACT AND EXAMINED SALARY, BENEFITS AND DEFERRED COMPENSATION DATA FOR PEER SCHOOLS AS WELL AS SCHOOLS NATIONALLY. DATA EXAMINED WAS SOURCED FROM NAIS, THE 990'S OF OTHER SCHOOLS AND THE COMPENSATION CONSULTANT RETAINED BY THE COMMITTEE. DATA WAS EXAMINED FOR HEADS WITH MODEST EXPERIENCE TO THOSE WITH EXTENSIVE EXPERIENCE, AND FOR SCHOOLS ACROSS A VARIETY OF SIZES. OUR GOAL WAS TO PROVIDE A PACKAGE THAT WAS COMPETITIVE, MARKET DRIVEN, FAIR AND REPRESENTATIVE OF THE VALUE MARK SEGAR BRINGS TO THE SCHOOL. THE COMMITTEE'S WORK WAS PRESENTED ON SEVERAL OCCASIONS TO THE FULL BOARD AND INCLUDED THE OPPORTUNITY FOR BOARD MEMBERS TO SPEAK DIRECTLY WITH THE OUTSIDE COMPENSATION CONSULTANT. THE FINAL COMPONENTS OF THE CONTRACT WERE PRESENTED TO THE BOARD AND APPROVED BY THE COMPENSATION COMMITTEE. GEOFFREY WAGG (HEAD OF SCHOOL SINCE JULY 1, 2013) 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 -6,957. GAIN ON PLEDGES 673. PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.