2014-01-23T11:43:01-06:00 2013-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2012-07-01 010223755 BERWICK ACADEMY BERW 2073842164 31 ACADEMY STREET SOUTH BERWICK ME 03908 BRADLEY A CATES 2073842164 2014-01-08 1 JASON C LEBLANC P01212079 2077721981 2014-01-08 2012 2015-11-30 17:44:51Z GREGORY J SCHNEIDER 31 ACADEMY STREET SOUTH BERWICK ME 03908 17697434 0 X BERWICKACADEMY.ORG X 1791 ME TO PROMOTE "VIRTUE AND USEFUL KNOWLEDGE AMONG THE RISING GENERATIONS." FOR OVER 200 YEARS, THE ACADEMY HAS PURSUED ITS MISSION THROUGH A CLASSICAL EDUCATION OF THE WHOLE PERSON. WE PREPARE STUDENTS TO PROSPER ACADEMICALLY IN COLLEGE AND TO ENJOY AN ENDURING COMMITMENT TO THE LIFE OF THE MIND. WE TEACH THE CREATIVE PROCESS OF THE ARTS EMPHASIZING PERFORMANCE AND EXHIBITION. WE PROMOTE ATHLETIC AND PHYSICAL DEVELOPMENT WITHIN AN ETHIC OF SPORTSMANSHIP. WE NURTURE STRENGTH OF CHARACTER, INDIVIDUAL RESPONSIBILITY, AND A COMMITMENT TO THE COMMON GOOD. BERWICK STUDENTS, TEACHERS, AND FAMILIES COMPRISE A COMMUNITY OF LEARNERS THAT INSTILLS THE ETHIC OF PERSONAL EXCELLENCE. THE ACADEMY IS ONE SCHOOL WITH THREE DIVISIONS EACH DESIGNED TO BROADEN AND DEEPEN THE FOUNDATIONS OF VIRTUE AND KNOWLEDGE FOR THE CONTINUING DEVELOPMENT OF EACH STUDENT'S POTENTIAL. 23 22 224 200 0 0 1823789 2007926 14929136 15191543 16735 397536 68536 88893 16838196 17685898 2799701 3136740 0 0 9316091 9694082 0 0 593629 4650286 5447146 16766078 18277968 72118 -592070 40816012 40996337 8940165 9357465 31875847 31638872 X TO PROMOTE "VIRTUE AND USEFUL KNOWLEDGE AMONG THE RISING GENERATIONS." FOR OVER 200 YEARS, THE ACADEMY HAS PURSUED ITS MISSION THROUGH A CLASSICAL EDUCATION OF THE WHOLE PERSON. WE PREPARE STUDENTS TO PROSPER ACADEMICALLY IN COLLEGE AND TO ENJOY AN ENDURING COMMITMENT TO THE LIFE OF THE MIND. WE TEACH THE CREATIVE PROCESS OF THE ARTS EMPHASIZING PERFORMANCE AND EXHIBITION. WE PROMOTE ATHLETIC AND PHYSICAL DEVELOPMENT WITHIN AN ETHIC OF SPORTSMANSHIP. WE NURTURE STRENGTH OF CHARACTER, INDIVIDUAL RESPONSIBILITY, AND A COMMITMENT TO THE COMMON GOOD. BERWICK STUDENTS, TEACHERS, AND FAMILIES COMPRISE A COMMUNITY OF LEARNERS THAT INSTILLS THE ETHIC OF PERSONAL EXCELLENCE. THE ACADEMY IS ONE SCHOOL WITH THREE DIVISIONS EACH DESIGNED TO BROADEN AND DEEPEN THE FOUNDATIONS OF VIRTUE AND KNOWLEDGE FOR THE CONTINUING DEVELOPMENT OF EACH STUDENT'S POTENTIAL. 0 0 14169780 3136740 15651331 INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 592 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINE, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS. 14169780 1 1 0 0 0 0 0 0 0 1 1 0 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 0 1 1 0 0 0 0 0 0 0 0 1 54 1 1 224 1 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GREGORY J SCHNEIDER 2073846102 31 ACADEMY STREET SOUTH BERWICK ME 03908 ALEX AUTY 1.00 X 0 0 0 CHAD KAGELEIRY 1.00 X 0 0 0 ELIZABETH J HETZ 1.00 X 0 0 0 ERIC S KATZ 1.00 X X 0 0 0 FRED A SEIGEL 1.00 X 0 0 0 GREGORY J SCHNEIDER 50.00 X X 233474 0 39291 HOLLY A MALLOY 1.00 X 0 0 0 JAMES JALBERT 1.00 X 0 0 0 KAREN G WALSH 1.00 X 0 0 0 LISA GOULEMAS 1.00 X 0 0 0 LUCAS M MERROW 1.00 X 0 0 0 MALCOLM E SMITH III 1.00 X 0 0 0 MARK H TAY 1.00 X X 0 0 0 MATTHEW R FRIEL 1.00 X X 0 0 0 MICHAEL J SCHAFER 1.00 X 0 0 0 PHIL CAVANAUGH 1.00 X 0 0 0 ROBERT J HOY 1.00 X 0 0 0 SEAN CLARKE 1.00 X 0 0 0 SUSAN NOERDLINGER 1.00 X 0 0 0 JAMIE JAMES 1.00 X 0 0 0 KENNETT KENDALL JR 1.00 X 0 0 0 JAMES LAWSON 1.00 X 0 0 0 PATRICK SPEARMAN 1.00 X 0 0 0 DIANE WALKER 1.00 X 0 0 0 SETH HURD 40.00 X 110000 0 0 JEDD WHITLOCK 40.00 X 105750 0 0 CINDY BRIGGS 40.00 X 115000 0 0 564224 0 39291 4 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 744016 LEDGEMERE TRANSPORTATION 699 US ROUTE ONE YORK ME 03909 STUDENT TRANSPORTATION 553833 AYER ELECTRIC LLC 1215 CALEF HIGHWAY BARRINGTON NH 03825 ELECTRICAL CONTRACTOR 122291 BUDEL CONSTRUCTION CORP 23 MEADERBORO ROAD ROCHESTER NH 03867 CONSTRUCTION SERVICES 113683 4 2007926 79609 2007926 TUITION AND FEES 611600 14589224 14589224 AUXILIARY INSTRUCTION 611600 271373 271373 TRANSPORTATION 480000 227706 227706 AFTERCARE 624410 49733 49733 SUMMER PROGRAMS 611600 25410 25410 28097 28097 15191543 13311 13311 13330 0 13330 13330 13330 384225 0 384225 384225 384225 15391 11536 3855 3855 STUDENT ACTIVITIES 611600 35565 35565 SODA/VENDING MACHINES 900099 22128 22128 YEARBOOK INCOME 611600 14015 14015 71708 17685898 15651331 0 26641 3136740 3136740 352820 176410 85576 90834 6247107 5023956 968121 255030 3094155 2373599 590725 129831 127416 127416 20400 20400 1213115 1153974 57613 1528 8872 1584 7288 389800 389800 89058 89058 425880 400878 25002 91028 71869 17905 1254 262626 262626 921905 891369 30536 117675 117675 SUPPLIES/BOOKS/MAINTENA 838967 593713 172920 72334 DEPARTMENT/ATHLETICS 345688 345688 EQUIPMENT 233992 233992 NET LOSS ON BOND REDEMP 215642 215642 145082 102264 42818 18277968 14169780 3514559 593629 317138 236566 7330476 2773538 2400273 2476893 507069 417575 34999 36429 42770 142238 32831898 13329694 19932832 19502204 9563612 14737607 686843 673287 40816012 40996337 958457 1176010 7000000 7235000 62068 34551 919640 911904 8940165 9357465 X 17150419 16906158 3977847 3946322 10747581 10786392 31875847 31638872 40816012 40996337 -592070 481863 -126768 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16584902 338503 455304 -289296 17089413 17452799 58847 -26128 900616 16584902 19601716 59747 -12726 3116055 16532682 16275969 1054335 2271412 19601716 10774080 178806 -500471 10452415 0.31570 0.62760 0.05670 0 0 336830 336830 29911706 11066632 18845074 1502706 1322854 179852 1080656 940208 140448 19502204 ADVANCE TUITION & DEPOSITS 911904 911904 X 15042557 481863 11536 493399 14549158 3136740 3136740 17685898 15152764 11536 11536 15141228 3136740 3136740 18277968 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THIS FUND IS TO GENERATE INCOME TO BE USED TO PROVIDE ANNUAL SCHOLARSHIPS, AWARDS AND PRIZES TO STUDENTS OF THE ACADEMY AS WELL AS TO PROVIDE SUPPORT FOR GENERAL OPERATIONS OF THE ACADEMY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: EFFECTIVE JULY 1, 2010, THE ACADEMY ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. 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 ADOPTION OF THESE PROVISIONS, 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, 2010 THROUGH 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 11,536. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,136,740. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY COST OF GOODS SOLD 11,536. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,136,740. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIAL NONDISCRIMINATION POLICY IS PUBLISHED IN ITS CATALOGS AND BROCHURES. 1 FINANCIAL AID 275 3136740 FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF TUITION REDUCTION. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 GREGORY J SCHNEIDER 226250 0 0 0 7224 0 29944 0 9347 0 272765 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO SOME TEACHING STAFF AND TO THE HEAD OF SCHOOL, ON THE BUSINESS PREMISES, FOR THE CONVENIENCE OF THE ACADEMY, IT IS SPECIFIED IN THE EMPLOYMENT CONTRACT AND PURSUANT TO EMPLOYMENT. A FINANCE AUTHORITY OF MAINE 010392006 NONEAVAIL 2013-03-13 7235000 REFINANCE 2011 TOWN OF SOUTH BERWICK BONDS 0 0 0 A 7235000 112859 7122141 2013 0 1 1 1 A 0 0 0 0 0 0 1 A 1 1 0 0 0 1 PART IV ARBITRAGE, LINE 2 VARIABLE RATE ISSUE THE BOND INTEREST RATE IS FIXED FOR THE FIRST TWELVE YEARS AT 2.75% FOLLOWED BY SUBSEQUENT 10 YEAR RATE ADJUSTMENTS PRICED AT THE THEN CURRENT FEDERAL HOME LOAN BANK 10/20 AMORTIZING ADVANCE RATE PLUS 1.0%. JAMES JALBERT TRUSTEE 22028 BUS SERVICE 0 CHARLES CLEMENT TRUSTEE EMERITUS 196659 CHARLES CLEMENT OWNS EASTERN PROPANE AND OIL, FROM WHOM THE ORGANIZATION PURCHASES THEIR PROPANE AND OIL FOR THE CAMPUS. 0 SCH L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMES JALBERT (C&J TRAILWAYS)(B) RELATIONSHIP BETWEEN INTERESTED PERSON ORGANIZATION: TRUSTEE(C) AMOUNT OF TRANSACTION: $22,028(D) DESCRIPTION OF TRANSACTION: BUS SERVICES FOR STUDENTS(E) SHARING OF ORGANIZATION REVENUES = NO X 7 79609 FAIR MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: BERWICK ACADEMY USES PEOPLE'S WEALTH MANAGEMENT TO PROCESS AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION A, LINE 2 THE TREASURER FOR THE BOARD OF TRUSTEES IS MARRIED TO AN EX-OFFICIO (MATTHEW FRIEL AND LESLI FRIEL). FORM 990, PART VI, SECTION B, LINE 11 THE BUSINESS MANAGER PREPARES RAW MATERIALS FOR THE INDEPENDENT ACCOUNTING FIRM FOLLOWING THE ANNUAL AUDIT FIELDWORK. AFTER PREPARATION OF THE 990, THE INDEPENDENT ACCOUNTING FIRM PROVIDES A COPY TO THE BUSINESS MANAGER. BUSINESS MANAGER THEN PROVIDES THE AUDIT COMMITTEE WITH A DRAFT COPY OF THE 990 TO REVIEW INDIVIDUALLY PRIOR TO VOTE. AUDIT COMMITTEE VOTES TO APPROVE THE FORM 990 AS DRAFTED ON BEHALF OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REPORTS TO BOTH THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS ARE EDUCATED BY THE COMMITTEE THROUGH THE ORIENTATION PROCESS. ANNUALLY THE BOARD MEMBER DISCLOSURE AND POLICY IS REVIEWED AND SIGNED BY EACH MEMBER AT THE FIRST BOARD MEETING. THE COMMITTEE ON TRUSTEES IS MADE AWARE OF ANY ISSUES. MANAGEMENT MONITORS ANY DISCLOSURES AND KEEPS A WATCH OUT FOR ANY CONFLICTS OF INTEREST. AT THIS TIME, NO CONFLICTS OF INTEREST HAVE BEEN SELF-IDENTIFIED NOR IDENTIFIED BY THE COMMITTEE ON TRUSTEES OR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HAS AN AD HOC COMPENSATION COMMITTEE WHICH REVIEWS AND RESEARCHES THE HEAD OF SCHOOL'S COMPENSATION ON AN ONGOING BASIS. THE HEAD OF SCHOOL, AND THE BUSINESS MANAGER REVIEW AND RESEARCH MANAGEMENT COMPENSATION. THE HEAD OF SCHOOL AND THE BUSINESS MANAGER PARTICIPATE IN A VARIETY OF BENCHMARKING ORGANIZATION AND REVIEW COMPENSATION ON AN ONGOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL DISCLOSURES AND FINANCIAL STATEMENTS ARE PROVIDED ANNUALLY TO THE RATING DISSEMINATION AGENT. PUBLIC INSPECTION COPIES OF THE 990, THE FINANCIAL STATEMENTS, DISCLOSURE STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE IN THE BUSINESS MANAGERS OFFICE FROM 8:00AM TO 4:30PM, MONDAY THROUGH FRIDAY BY APPOINTMENT. AUDIT PROCESS OVERSIGHT FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.