2014-02-10T13:07:03-06:00 2013-06-30 010448006 ALBIN RANDALL & BENNETT PO BOX 445 130 MIDDLE STREET PORTLAND ME 041120445 990 2012-07-01 010211565 WAYNFLETE SCHOOL WAYN 2077745721 360 SPRING STREET PORTLAND ME 04102 ANNE C HAGSTROM 2077745721 2014-02-03 1 JASON C LEBLANC P01212079 2077721981 2014-02-03 2012 2015-11-30 17:44:51Z MARK W SEGAR 360 SPRING STREET PORTLAND ME 04102 26950958 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. 20 20 309 50 0 0 1240491 1281619 13711510 14530174 579654 2599115 14604 33308 15546259 18444216 2876487 3335297 0 0 8896061 9342523 0 0 545226 3662654 3832489 15435202 16510309 111057 1933907 43079831 44070766 18045773 16134503 25034058 27936263 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 13418709 3335297 14530174 PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 550 STUDENTS. 13418709 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 309 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X ANNE HAGSTROM 2077745721 360 SPRING STREET PORTLAND ME 04102 KRISTA ARONSON 2.00 X 0 0 0 JANE BATZELL 2.00 X 0 0 0 CAROLYN BRAUN 2.00 X 0 0 0 LYNNE BREEN 50.00 X 108489 0 16026 KAREN BURKE 2.00 X X 0 0 0 CONAN DEADY 2.00 X 0 0 0 ANNE HAGSTROM 50.00 X 94273 0 14377 PETER HAMBLIN 50.00 X 102663 0 17086 WILLIAM HARWOOD 2.00 X 0 0 0 GREGORY HASTINGS 2.00 X X 0 0 0 HILARY HOLM 2.00 X 0 0 0 TASHA IRVING 2.00 X 0 0 0 ANNE O JACKSON 2.00 X X 0 0 0 KATHERINE JETON 2.00 X 0 0 0 LOWELL LIBBY 50.00 X 101263 0 14562 GREGG LIPTON 2.00 X 0 0 0 DIANE LUKAC 2.00 X 0 0 0 SUZANNE MCMULLAN 2.00 X 0 0 0 WALDEN MORTON 2.00 X 0 0 0 ERICA SCHAIR-CARDONA 2.00 X 0 0 0 MARK SEGAR 50.00 X 362820 0 50670 SUSAN SPAGNOLA 2.00 X 0 0 0 ALEXANDER SPAULDING 2.00 X X 0 0 0 WILLIAM TORREY 2.00 X X 0 0 0 VINCENT VERONEAU 2.00 X 0 0 0 769508 0 112721 4 0 1 0 CUSTOM COACH OF PORTLAND 535 WARREN AVE PORTLAND ME 04103 TRANSPORTATION SERVICES 205644 KNOWLES INDUSTRIAL SERVICES CORPORATION 295 NEW PORTLAND ROAD GORHAM ME 04038 CONSTRUCTION SERVICES 166670 HR CONCEPTS 111 CHARLES ST MANCHESTER NH 03101 3RD PARTY BENEFITS ADMINISTRATOR 139225 3 1281619 103803 1281619 TUITION 611600 13460871 13460871 SUMMER PROGRAMS 611600 247029 247029 TUTORING 611600 242252 242252 CAFETERIA 722210 196890 196890 TRANSPORTATION 480000 173630 173630 209502 209502 14530174 237431 237431 20600 18005 2595 2595 2595 10828454 3512 8470282 0 2358172 3512 2361684 2361684 49168 18455 30713 30713 18444216 14530174 0 2632423 3335297 3335297 384467 346020 38447 6921448 5643206 986493 291749 1527609 1288095 190356 49158 508999 385485 100907 22607 19613 19613 17400 17400 47453 47453 51561 48378 3183 87202 87202 223831 223831 234121 225813 4295 4013 483763 483763 720221 720221 70685 70685 MAINTENANCE, SUPPLIES, 1653126 1382384 137381 133361 MISCELLANEOUS 185973 90282 90928 4763 DUES & SUBSCRIPTIONS 28279 5032 22119 1128 TRUSTEE EXPENSES 7131 7131 2130 2130 16510309 13418709 2546374 545226 2291203 1896050 3409923 2398356 203381 258736 14232 11665 241993 269347 25570945 8120750 17709664 17450195 313993 146727 18707268 21459112 188174 180578 43079831 44070766 1314299 1199450 2949557 2506656 10870000 10640000 30593 23429 2881324 1764968 18045773 16134503 X 17945262 20178792 1837373 1941650 5251423 5815821 25034058 27936263 43079831 44070766 X 1933907 -151074 1119372 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 12449245 389791 -1919555 85756 325239 10508486 0.67580 0.32420 0 0 714802 714802 23648516 7093327 16555189 309403 273038 36365 898224 754385 143839 17450195 COMMON FUND 9585940 F GMO INVESTMENTS 11873172 F 21459112 INTEREST RATE SWAP LIABILITY 1764968 1764968 X 16066224 -151074 1119372 968298 15097926 47453 3298837 3346290 18444216 13164019 36460 36460 13127559 47453 3335297 3382750 16510309 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2010 . PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 1,116,356. GAIN ON PLEDGE 3,016. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,335,297. SPECIAL EVENT EXPENSES -18,455. RENTAL EXPENSES -18,005. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 18,455. RENTAL EXPENSES 18,005. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,335,297. 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 WAYNFLETE SCHOOL ADVERTISES THROUGH THE MAINE ASSOCIATION OF INDEPENDENT SCHOOLS COMBINED ADVERTISMENT FOR MEMBER SCHOOLS AND IN LOCAL NEWSPAPERS. HANDS TO ART & REUNION 39669 39669 14860 SPRING FLING 9499 9499 3595 49168 49168 18455 18455 30713 0 FINANCIAL AID 104 3335297 FINANCIAL AID X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 MARK SEGAR 362820 0 0 0 0 0 17000 0 33670 0 413490 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 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: FINANCE AUTHORITY MAINE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/30/2012 X 11 103803 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 15A 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. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP 1,116,356. GAIN ON PLEDGES 3,016. OVERSIGHT OF AUDIT FUNCTION PART XII, LINE 2C PROCEDURES FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEARS.