2014-05-15T08:35:02-05:00 2013-06-30 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2012-07-01 010224898 HEBRON ACADEMY INCORPORATED HEBR 2079662100 PO BOX 309 HEBRON ME 04238 JAMES L BISESTI 2079662100 2014-05-13 1 LISA DUNBAR P00505024 2077732986 2012 2015-11-30 17:44:51Z JOHN J KING PO BOX 309 HEBRON ME 04238 15647055 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. 21 21 134 78 100557 -55140 4537915 1282589 10864853 11456401 345998 1165470 159423 130715 15908189 14035175 3593098 3849891 0 0 4904424 4921438 39884 68755 721331 5361144 5436943 13898550 14277027 2009639 -241852 41229713 41550899 20376223 20468236 20853490 21082663 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 10741238 3849891 11486559 SECONDARY AND MIDDLE SCHOOL EDUCATION. 10741238 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 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 21 21 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 2.00 X X 0 0 0 STEPHEN B JEFFRIES 2.00 X X 0 0 0 PAUL S GOODOF 2.00 X X 0 0 0 DEBRA B BLOOMINGDALE 2.00 X X 0 0 0 SCOTT WILSON 2.00 X X 0 0 0 JUDAH SOMMER 1.00 X 0 0 0 HEATHER C STEPHENS 1.00 X 0 0 0 SUSAN A GENDRON 1.00 X 0 0 0 RICHARD BENNETT 1.00 X 0 0 0 EDWARD A GOTTLIEB 1.00 X 0 0 0 WALLACE E HIGGINS 1.00 X 0 0 0 JAMES B HILL 1.00 X 0 0 0 KIMBALL L KENWAY 1.00 X 0 0 0 SCOTT R NELSON 1.00 X 0 0 0 CATHERINE T CROWLEY 1.00 X 0 0 0 MEREDITH STRANG BURGESS 1.00 X 0 0 0 WILLIAM B GOLDEN 1.00 X 0 0 0 CLEMENT S DWYER 1.00 X 0 0 0 THOMAS N HULL III 1.00 X 0 0 0 MATTHEW W JOHNSON 1.00 X 0 0 0 JOHN KING 45.00 X 188876 0 31113 JAMES BISESTI 40.00 X 115777 0 10722 PATRICIA LAYMAN 40.00 X 101568 0 7573 406221 0 49408 3 1 1 0 0 1282589 102224 1282589 TUITION AND FEES 611600 11198457 11198457 OTHER SERVICES AND FEES 611710 125020 125020 STUDENT CENTER 611710 118153 118153 SPECIAL ASSESSMENTS 611710 14771 14771 11456401 351754 351754 130715 0 130715 130715 30158 100557 2425596 1611880 813716 813716 813716 14035175 11486559 100557 1165470 3849891 3849891 227339 146838 57302 23199 3708884 2395566 934842 378476 223631 144443 56367 22821 473270 305685 119290 48295 288314 186222 72671 29421 20878 20878 68755 68755 53453 53453 149855 141749 40024 -31918 20326 20326 411126 179773 142930 88423 6770 6770 1156802 1006075 150727 174022 113171 30086 30765 862571 862571 941548 941548 92708 92708 FOOD SERVICE 826319 826319 STUDENT CENTER 150655 150655 BAD DEBT 100481 100481 TRANSPORT 79983 79983 389446 246224 80128 63094 14277027 10741238 2814458 721331 716963 411046 2203069 5033527 4697336 2922668 64505 52227 1588978 1588978 37557 41712 168011 81597 28893592 8853519 20441614 20040073 9334034 9314624 2116 2473 1975530 2061974 41229713 41550899 800314 955547 3177941 2998916 14700000 14700000 1573988 1391495 123980 422278 20376223 20468236 X 6631497 6292105 6084730 6542525 8137263 8248033 20853490 21082663 41229713 41550899 X -241852 352699 118326 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7555142 18046 782143 269009 8086322 7553975 165473 11029 175335 7555142 6796179 12902 1065836 320942 7553975 6476252 16465 580943 277481 6796179 7478444 35751 -761240 276703 6476252 0.95800 0.04200 0 0 421822 421822 25151449 6337041 18814408 2613073 1962626 650447 707248 553852 153396 20040073 CLASS AND ACTIVITY FUNDS 33932 CAPITAL LEASE OBLIGATIONS 153346 DEFERRED VENDOR REBATE 235000 422278 X 14452747 352699 118326 471025 13981722 53453 53453 14035175 14223574 0 14223574 53453 53453 14277027 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE SUPPORT FOR VARIOUS ACTIVITIES OF THE ACADEMY, INCLUDING PROVISION FOR FINANCIAL AID AND RELATED EXPENDITURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2010 THROUGH 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 118,326. 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 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 68755 -68755 68755 -68755 1 STUDENT FINANCIAL AID 157 3849891 DIRECT DISCOUNT OF TUITION. REDUCTION OF TUITION DUE FOR RECIPIENT. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT FUNDS ARE DIRECT REDUCTIONS OF TUITION. 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 188876 0 0 0 0 0 13221 0 17892 0 219989 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 CLEMENT S DWYER - URSA ADVISORS BOARD MEMBER 231307 PERKINS HOUSE AND SCIENCE EQUIPMENT 0 X 5 102224 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 118,326. AUDIT OVERSIGHT FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED.