2015-02-13T13:09:33-06:00 2014-06-30 010493997 PFBFCPAS 46 FIRSTPARK DRIVE OAKLAND ME 049635362 990 2013-07-01 010211532 KENTS HILL SCHOOL KENT 2076854914 PO BOX 257 KENTS HILL ME 04349 BARRY GATES CHIEF FINANCIAL OFFICER 2076854914 2014-12-19 true DANIELLE D MARTIN CPA P01265151 2078731603 2015-02-13 2013 2016-02-25 16:41:14Z BARRY GATES PO BOX 257 KENTS HILL ME 043490257 13595030 false X WWW.KENTSHILL.ORG X 1824 ME THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. 26 25 139 -125954 -73250 2701983 1540913 11393602 11003704 396622 480239 -47667 -48700 14444540 12976156 2393700 2443044 0 6118520 5818447 0 473627 5813957 5532599 14326177 13794090 118363 -817934 54556136 56550510 22918095 22163201 31638041 34387309 X THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. false false 2443044 2443044 SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED 7675633 11003704 PRIVATE SECONDARY SCHOOL UTILIZED BY APPROXIMATELY 220 BOARDING AND DAY STUDENTS 10118677 true true false false false false false false false true true false false false true true true false true false false false true false true false false false true true false false false true false false false false false false false false false false false false false true 25 0 139 true true true false false false false true true false false false false false X 26 25 true false false false false false false true true false false true true false true true true true false false ME X X BARRY GATES 2076854914 1614 MAIN STREET KENTS HILL ME 043490257 PARKER BEVERAGE TRUSTEE 1.00 X 0 0 0 ABIGAIL BOWERS 2ND VICE PRE 1.00 X 0 0 0 CHARLES CHIANG TRUSTEE 1.00 X 0 0 0 EMILY BEVERAGE TRUSTEE 1.00 X 0 0 0 THOMAS DIBENEDETTO TRUSTEE 1.00 X 0 0 0 PATRICIA HATLER TRUSTEE 1.00 X 0 0 0 STEPHEN JENEY TRUSTEE 1.00 X 0 0 0 WILLIAM BRENNAN TRUSTEE 1.00 X 0 0 0 JOSETTE HUNTRESS HOLLAND TRUSTEE 1.00 X 0 0 0 RICHARD O'CONNOR TRUSTEE 1.00 X 0 0 0 DAVID RHODES TRUSTEE 1.00 X 0 0 0 JANET ROCHE TRUSTEE 1.00 X 0 0 0 CORNELIA SPRING TRUSTEE 1.00 X 0 0 0 DOUGLAS STINSON TRUSTEE 1.00 X 0 0 0 ALEXANDER WALL TRUSTEE 1.00 X 0 0 0 STEVEN AKIN PRESIDENT 1.00 X X 0 0 0 MARK ALCAIDE 3RD VP & TRE 1.00 X X 0 0 0 THEODORE ALFOND VICE PRESIDE 1.00 X X 0 0 0 EDWARD LANE TRUSTEE 1.00 X 0 0 0 RUTH SIGAL TRUSTEE 1.00 X 0 0 0 GUY WILLIAMS TRUSTEE 1.00 X 0 0 0 ALANE B O'CONNOR TRUSTEE 1.00 X 0 0 0 JAMIE THORSEN TRUSTEE 1.00 X 0 0 0 TANNETTA VAN VLISSINGEN TRUSTEE 1.00 X 0 0 0 KEVIN HANEY TRUSTEE 1.00 X 0 0 0 PATRICK MCINERNEY HEAD OF SCHO 40.00 X 127621 0 19773 BARRY GATES CFO 40.00 X 110479 0 19991 JEREMY LACASSE FORMERHEAD O 0.00 X 152104 0 13696 390204 53460 3 true true false SAGE DINING SERVICES INC 222 BOSLEY AVE SUITE B7 TOWSON MD 21204 FOOD SERVICES 969157 WARREN CONSTRUCTION GROUP LLC PO BOX 362 SOUTH FREEPORT ME 04078 CONSTRUCTION 428409 WINTHROP FUEL CO INC 111 ROUTE 133 WINTHROP ME 04364 OIL 304591 AWG DEWAR INC FOUR BATTERYMARCH PARK QUINCY MA 021697468 TUITION REF PLA 230322 BOWER CONSTRUCTION 557 HALLOWELL-LITCHFIELD ROAD WEST GARDINER ME 04345 CONSTRUCTION 180462 5 6970 1533943 6970 1540913 TUITION INCOME 10646129 10646129 SUMMER PROGRAM INCOME 217134 217134 TRANSPORTATION FEES 54008 54008 ENROLLMENT FEES FORFEITED 48718 48718 APPLICATION FEES 17900 17900 19815 19815 11003704 477490 477490 147950 273904 -125954 -125954 -125954 149774 147025 2749 2749 2749 56025 6970 14818 41207 178162 183127 -4965 -4965 SUNDRY INCOME 39644 39644 DISCOUNTS TAKEN 1368 1368 41012 12976156 11047465 -125954 472525 1911844 1911844 531200 531200 277864 218907 58957 165800 99480 66320 4060553 2874826 1039817 145910 158288 114286 37749 6253 835355 553367 238427 43561 320587 215788 88785 16014 65667 65667 59229 59229 21667 21540 127 112265 70499 41766 747144 747144 313587 136103 109914 67570 635202 635202 1430203 1430203 48223 48223 CONTRACTUAL SERVICES 1005164 959590 45574 MAINT, SUPPLIES & EQUIP 647353 566973 60396 19984 MISCELLANEOUS 248794 242 241387 7165 BAD DEBTS 120990 120990 77111 77111 13794090 10118677 3201786 473627 2896 7793 3575928 2954782 1371899 1049493 133113 179448 54542 13610 6540 143816 145080 42797952 16683234 26810412 26114718 21324329 24926716 1125591 1165940 54556136 56550510 808138 828840 3692740 3719464 1087342 1026967 16023334 15390805 1306541 1197125 22918095 22163201 X 23831216 25358083 4094721 5089201 3712104 3940025 31638041 34387309 54556136 56550510 -817934 3486717 80485 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21324329 726118 3917801 -108814 -867051 -65667 24926716 19022553 505795 2922000 -93415 -972041 -60563 21324329 19838068 918240 96730 -87155 -1684979 -58351 19022553 17161499 700000 3554449 -82872 -1436589 -58419 19838068 10767121 5585000 1418901 -94765 -465755 -49003 17161499 0.73000 0.16000 0.11000 false false 74330 74330 39091907 14134035 24957872 1861485 1473944 387541 1770230 1075255 694975 26114718 INTEREST RATE SWAP 1119068 DEFERRED GIFT ANNUITY 57761 LEASES PAYABLE 20296 1197125 X 14491679 3486717 537517 4024234 10467445 2508711 2508711 12976156 11742411 457032 457032 11285379 2508711 2508711 13794090 SCHEDULE D, PAGE 3, PART X KENTS HILL SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II). EFFECTIVE JULY 1, 2009, THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48, AS CODIFIED BY ASC 740, 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 THE ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 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. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AS A RESULT, THERE WAS NO CUMULATIVE EFFECT RELATED TO ADOPTION AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. WHEN NECESSARY, THE SCHOOL ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. THE SCHOOL IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING JUNE 30, 2011 THROUGH 2014. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 183,127 RENTAL EXPENSES NETTED WITH REVENUES 249,687 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 80,485 SKI HILL RENTAL EXPENSES NETTED WITH REVENUES 24,218 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT FINANCIAL AID 2,443,044 INVESTMENT FEES NETTED WITH INCOME 65,667 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED WITH REVENUES 183,127 RENTAL EXPENSES NETTED WITH REVENUES 249,687 SKI HILL EXPENSES NETTED WITH REVENUES 24,218 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT FINANCIAL AID 2,443,044 INVESTMENT EXPENSES 65,667 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS NEWSPAPER AND BROADCAST MEDIA ADS. STUDENT FINANCIAL AID EUROPE 3 71000 SCHOLARSHIP STUDENT FINANCIAL AID NORTH AMERICA (EXCLUDING UNITED STATES) 13 410200 SCHOLARSHIP STUDENT FINANCIAL AID SOUTH ASIA 1 50000 SCHOLARSHIP false false false false false false false AUCTION 62995 6970 56025 14818 62995 6970 56025 14818 14818 41207 true STUDENT FINANCIAL AID 89 1911844 SCHOLARSHIPS X X X true true X X X X false false false false false false false false false JEREMY LACASSE FORMERHEAD OF SCHOOL 152104 13696 165800 THEODORE ALFOND TO ASSIST IN CASH FLOW X 1000000 1026967 false true false 1026967 FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE MAN OR WOMAN OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE. FORM 990, PAGE 6, PART VI, LINE 2 STEVEN AKIN TED ALFOND TRUSTEE TRUSTEE AKIN IS TRUSTEE OF ALFOND FOUN FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CHIEF FINANCIAL OFFICER AND CONTROLLER AND THEN IS FORWARDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THIS PROCESS WILL BE IMPLEMENTED AT THE NEXT BOARD OF TRUSTEES MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE SCHOOL'S HEADMASTER'S COMPENSATION WAS DETERMINED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 19 THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR AND THE SCHOOL WILL PROVIDE A COPY OF THE 990 UPON REQUEST. FORM 990, PART XI, LINE 9 COST OF GOODS SOLD NETTED WITH REVENUES 183,127 RENTAL EXPENSES NETTED WITH REVENUES 249,687 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 80,485 SKI HILL RENTAL EXPENSES NETTED WITH REVENUES 24,218 STUDENT FINANCIAL AID -2,443,044 INVESTMENT FEES NETTED WITH INCOME -65,667 COST OF GOODS SOLD NETTED WITH REVENUES -183,127 RENTAL EXPENSES NETTED WITH REVENUES -249,687 SKI HILL EXPENSES NETTED WITH REVENUES -24,218 STUDENT FINANCIAL AID 2,443,044 INVESTMENT EXPENSES 65,667