2015-05-15T09:52:54-05:00 2014-06-30 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2013-07-01 010224898 HEBRON ACADEMY INCORPORATED HEBR 2079662100 PO BOX 309 HEBRON ME 04238 JAMES L BISESTI BUSINESS MANAGER 2079662100 2015-05-14 1 LISA DUNBAR P00505024 2077732986 2013 2016-04-25 22:37:26Z JOHN J KING PO BOX 309 HEBRON ME 04238 17390162 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. 18 17 134 85 68050 -19517 1282589 1309088 11456401 11810262 1165470 1186497 130715 109929 14035175 14415776 3849891 3991354 0 0 4921438 5020985 68755 29391 732885 5436943 5471205 14277027 14512935 -241852 -97159 41550899 41461819 20468236 19840127 21082663 21621692 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 11000183 3991354 11852141 SECONDARY AND MIDDLE SCHOOL EDUCATION. 11000183 1 1 0 0 0 0 0 0 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 1 0 1 0 0 0 0 0 0 0 0 1 30 0 1 134 1 1 1 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 ME X X JAMES L BISESTI 2079665268 339 PARIS ROAD PO BOX 309 HEBRON ME 04238 J REEVE BRIGHT CHAIR 2.00 X X 0 0 0 PAUL S GOODOF VICE CHAIR 2.00 X X 0 0 0 DEBRA B BLOOMINGDALE SECRETARY 2.00 X X 0 0 0 SCOTT WILSON TREASURER 2.00 X X 0 0 0 JUDAH SOMMER BOARD MEMBER 1.00 X 0 0 0 HEATHER C STEPHENS BOARD MEMBER 1.00 X 0 0 0 RICHARD BENNETT BOARD MEMBER 1.00 X 0 0 0 WALLACE E HIGGINS BOARD MEMBER 1.00 X 0 0 0 JAMES B HILL BOARD MEMBER 1.00 X 0 0 0 KIMBALL L KENWAY BOARD MEMBER 1.00 X 0 0 0 MEREDITH STRANG BURGESS BOARD MEMBER 1.00 X 0 0 0 CLEMENT S DWYER 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 JAMES CLEMENTS BOARD MEMBER 1.00 X 0 0 0 FELICA CONEY BOARD MEMBER 1.00 X 0 0 0 BILL GOLDEN BOARD MEMBER 1.00 X 0 0 0 DAVID WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JOHN KING HEADMASTER 45.00 X 195488 0 46562 JAMES BISESTI BUSINESS MANAGER 40.00 X 120037 0 10788 PATRICIA LAYMAN DIRECTOR OF ADVANCEMENT 40.00 X 112305 0 17168 427830 0 74518 3 0 1 0 0 1309088 34511 1309088 TUITION AND FEES 611600 11587546 11587546 STUDENT CENTER 611710 128365 128365 OTHER SERVICES AND FEES 611710 77521 77521 SPECIAL ASSESSMENTS 611710 16830 16830 11810262 327358 327358 109929 0 109929 109929 41879 68050 3832775 750 2974386 0 858389 750 859139 859139 14415776 11852141 68050 1186497 3991354 3991354 248106 74432 124053 49621 3908703 2553467 985429 369807 247899 162390 62187 23322 303725 204379 72389 26957 312552 198790 82582 31180 19813 19813 29391 29391 54679 54679 155601 108547 23062 23992 26365 26365 375602 153263 135238 87101 4773 4773 1170946 1057464 113482 187746 132883 19578 35285 821384 821384 983432 983432 105889 105889 FOOD SERVICE 874377 874377 STUDENT CENTER 150107 150107 TRANSPORT 89067 89067 INTEREST RATE SWAP TERM 73377 73377 378047 235093 86725 56229 14512935 11000183 2779867 732885 411046 727355 5033527 5184075 2922668 2470203 52227 125426 1588978 1588978 41712 35143 81597 180997 29366098 9796845 20040073 19569253 9314624 9375964 2473 2878 2061974 2201547 41550899 41461819 955547 683335 2998916 4019042 14700000 14700000 1391495 111043 422278 326707 20468236 19840127 X 6819755 7416551 6014875 5832537 8248033 8372604 21082663 21621692 41550899 41461819 X -97159 464958 171230 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8086322 43849 894187 369200 8655158 7555142 18046 782143 269009 8086322 7553975 165473 11029 175335 7555142 6796179 12902 1065836 320942 7553975 6476252 16465 580943 277481 6796179 0.90030 0.09970 0 0 421822 421822 25401069 7047378 18353691 2835957 2159701 676256 707250 589766 117484 19569253 CASH SURRENDER VALUE OF LIFE INSURANCE 85297 SPLIT-INTEREST AGREEMENTS 1881063 INTANGIBLE ASSETS, NET 235187 2201547 CLASS AND ACTIVITY FUNDS 37276 CAPITAL LEASE OBLIGATIONS 54431 DEFERRED VENDOR REBATE 235000 326707 X 14997285 464958 171230 636188 14361097 54679 54679 14415776 14458256 0 14458256 54679 54679 14512935 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 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION; HOWEVER, FOLLOWING THIS GUIDANCE HAS HAD NO MATERIAL IMPACT ON THE ACADEMY'S FINANCIAL STATEMENTS. 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, 2011 THROUGH 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 171,230. 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 PUBLICISED ADVERTISEMENTS. X X X X X 0 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 FUNDRAISING CONSULTING 0 0 29391 -29391 29391 -29391 1 STUDENT FINANCIAL AID 155 3991354 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 195488 0 0 0 0 0 13221 0 33341 0 242050 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 CLEMENT S DWYER - URSA ADVISORS BOARD MEMBER 138000 PERKINS HOUSE AND SCIENCE EQUIPMENT 0 X 9 34511 FAIR MARKET VALUE 0 0 0 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 15A 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 171,230. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED.