HEBRON ACADEMY INCORPORATED: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HEBRON ACADEMY INCORPORATED (EIN 01-0224898)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-10
- IRS object ID
- 201331309349302138
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-10T13:22:08-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010440155 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Runyon Kersteen Ouellette | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 Long Creek Drive | AddressLine1 |
| City | South Portland | City |
| State | ME | State |
| ZIP Code | 04106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010224898 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hebron Academy Incorporated | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HEBR | NameControl |
| Phone | 2079662100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 309 | AddressLine1 |
| City | Hebron | City |
| State | ME | State |
| ZIP Code | 04238 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | James L Bisesti | Name |
| Title | Business Manager | Title |
| Phone | 2079662100 | Phone |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Lisa Dunbar | Name |
| PTIN | P00505024 | PTIN |
| Phone | 2077732986 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John J King | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 309 | AddressLine1 |
| City | Hebron | City |
| State | ME | State |
| ZIP Code | 04238 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18250327 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.hebronacademy.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | ME | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 135 | TotalNbrEmployees |
| Total Nbr Volunteers | 77 | TotalNbrVolunteers |
| Total Gross UBI | 125570 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -45206 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2829990 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4537915 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10340705 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10864853 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 352441 | InvestmentIncomePriorYear |
| Investment Income Current Year | 345998 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 105105 | OtherRevenuePriorYear |
| Other Revenue Current Year | 159423 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13628241 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15908189 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3549540 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3593098 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4849435 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4904424 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 37873 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 39884 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 754134 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5138529 | OtherExpensePriorYear |
| Other Expenses Current Year | 5361144 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13575377 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13898550 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 52864 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2009639 | RevenuesLessExpensesCY |
| Total Assets BOY | 38916718 | TotalAssetsBOY |
| Total Assets EOY | 41229713 | TotalAssetsEOY |
| Total Liabilities BOY | 20065391 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 20376223 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 18851327 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20853490 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 10069271 | Expense |
| Grants | 3593098 | Grants |
| Revenue | 10898706 | Revenue |
| Description | Secondary and Middle School Education. | Description |
| Total Program Service Expense | 10069271 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 26 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 135 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | James L Bisesti | NamePerson |
| Telephone Number | 2079665268 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 309 | AddressLine1 |
| City | Hebron | City |
| State | ME | State |
| ZIP Code | 04238 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| J Reeve Bright | |||||||
| Chair | 2.00 | X | X | 0 | 0 | 0 | |
| Stephen B Jeffries | |||||||
| Vice Chair | 2.00 | X | X | 0 | 0 | 0 | |
| Paul S Goodof | |||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | |
| Debra B Bloomingdale | |||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | |
| Meredith Strang Burgess | |||||||
| Board Member | 1.00 | 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 | ||
| Susan A Gendron | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Richard Bennett | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Edward A Gottlieb | |||||||
| 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 | ||
| Scott R Nelson | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Robert P Rich | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Kimberley E Thompson | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Scott E Wilson | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Catherine T Crowley | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| Clement S Dwyer | |||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | ||
| William B Golden | |||||||
| 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 | ||
| John King | |||||||
| Headmaster | 45.00 | X | 188876 | 0 | 42510 | ||
| James Bisesti | |||||||
| Business Manager | 40.00 | 115777 | 0 | 7894 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 304653 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 50404 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 4537915 | AllOtherContributions |
| Noncash Contributions | 372552 | NoncashContributions |
| Total Contributions | 4537915 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 611600 | 10667902 | 10667902 |
| Student Center | 611710 | 131730 | 131730 |
| Other services and fee | 611710 | 38984 | 38984 |
| Special assessments | 611710 | 26237 | 26237 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10864853 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 309481 | TotalRevenueColumn |
| Exclusion | $309,481 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 159423 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 159423 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 159423 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33853 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 125570 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2378655 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2342138 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 36517 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36517 | TotalRevenueColumn |
| Exclusion | $36,517 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15908189 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10898706 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 125570 | UnrelatedBusinessRevenue |
| Exclusion | $345,998 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3593098 | Total |
| Program Services | 3593098 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235339 | Total |
| Program Services | 152571 | ProgramServices |
| Management And General | 58423 | ManagementAndGeneral |
| Fundraising | 24345 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3644590 | Total |
| Program Services | 2362788 | ProgramServices |
| Management And General | 904778 | ManagementAndGeneral |
| Fundraising | 377024 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 233809 | Total |
| Program Services | 151578 | ProgramServices |
| Management And General | 58044 | ManagementAndGeneral |
| Fundraising | 24187 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 503521 | Total |
| Program Services | 326433 | ProgramServices |
| Management And General | 125000 | ManagementAndGeneral |
| Fundraising | 52088 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287165 | Total |
| Program Services | 186169 | ProgramServices |
| Management And General | 71289 | ManagementAndGeneral |
| Fundraising | 29707 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22188 | Total |
| Management And General | 22188 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39884 | Total |
| Fundraising | 39884 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36883 | Total |
| Management And General | 36883 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139157 | Total |
| Program Services | 81313 | ProgramServices |
| Management And General | 54702 | ManagementAndGeneral |
| Fundraising | 3142 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45222 | Total |
| Program Services | 44793 | ProgramServices |
| Management And General | 429 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 383526 | Total |
| Program Services | 163533 | ProgramServices |
| Management And General | 128755 | ManagementAndGeneral |
| Fundraising | 91238 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19068 | Total |
| Program Services | 19068 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1076407 | Total |
| Program Services | 816896 | ProgramServices |
| Management And General | 259511 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201762 | Total |
| Program Services | 111008 | ProgramServices |
| Management And General | 29829 | ManagementAndGeneral |
| Fundraising | 60925 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 841993 | Total |
| Management And General | 841993 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 921534 | Total |
| Program Services | 737227 | ProgramServices |
| Management And General | 184307 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75787 | Total |
| Management And General | 75787 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Food service | 779567 | 779567 | |
| Bad debt | 183329 | 183329 | |
| Recruitment | 152884 | 152884 | |
| Student center | 138587 | 138587 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 343250 | Total |
| Program Services | 251758 | ProgramServices |
| Management And General | 39898 | ManagementAndGeneral |
| Fundraising | 51594 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13898550 | Total |
| Program Services | 10069271 | ProgramServices |
| Management And General | 3075145 | ManagementAndGeneral |
| Fundraising | 754134 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348352 | BOY |
| EOY | 716963 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3421109 | BOY |
| EOY | 2203069 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2325246 | BOY |
| EOY | 4697336 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136126 | BOY |
| EOY | 64505 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1588978 | BOY |
| EOY | 1588978 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48525 | BOY |
| EOY | 37557 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122346 | BOY |
| EOY | 168011 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 28398957 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7957343 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20988659 | BOY |
| EOY | 20441614 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8072276 | BOY |
| EOY | 9334034 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2200 | BOY |
| EOY | 2116 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1862901 | BOY |
| EOY | 1975530 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38916718 | BOY |
| EOY | 41229713 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 593832 | BOY |
| EOY | 800314 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2878981 | BOY |
| EOY | 3177941 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14700000 | BOY |
| EOY | 14700000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1826946 | BOY |
| EOY | 1573988 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65632 | BOY |
| EOY | 123980 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20065391 | BOY |
| EOY | 20376223 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7734880 | BOY |
| EOY | 6631497 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3008601 | BOY |
| EOY | 6084730 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8107846 | BOY |
| EOY | 8137263 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18851327 | BOY |
| EOY | 20853490 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38916718 | BOY |
| EOY | 41229713 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2009639 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -7476 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7553975 | BeginningOfYearBalance |
| Contributions | 165473 | Contributions |
| Investment Earnings Or Losses | 11029 | InvestmentEarningsOrLosses |
| Other Expenditures | 175335 | OtherExpenditures |
| End Of Year Balance | 7555142 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6796179 | BeginningOfYearBalance |
| Contributions | 12902 | Contributions |
| Investment Earnings Or Losses | 1065836 | InvestmentEarningsOrLosses |
| Other Expenditures | 320942 | OtherExpenditures |
| End Of Year Balance | 7553975 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6476252 | BeginningOfYearBalance |
| Contributions | 16465 | Contributions |
| Investment Earnings Or Losses | 580943 | InvestmentEarningsOrLosses |
| Other Expenditures | 277481 | OtherExpenditures |
| End Of Year Balance | 6796179 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7478444 | BeginningOfYearBalance |
| Contributions | 35751 | Contributions |
| Investment Earnings Or Losses | -761240 | InvestmentEarningsOrLosses |
| Other Expenditures | 276703 | OtherExpenditures |
| End Of Year Balance | 6476252 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 421822 | OtherCostOrOtherBasis |
| Book Value | 421822 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24889370 | OtherCostOrOtherBasis |
| Depreciation | 5632706 | Depreciation |
| Book Value | 19256664 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2380517 | OtherCostOrOtherBasis |
| Depreciation | 1806199 | Depreciation |
| Book Value | 574318 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 707248 | OtherCostOrOtherBasis |
| Depreciation | 518438 | Depreciation |
| Book Value | 188810 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20441614 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Class and activity funds | $20,723 |
| Capital lease obligations | $103,257 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 123980 | TotalOfAmounts |
| Total Revenue | 15908189 | TotalRevenue |
| Total Expenses | 13898550 | TotalExpenses |
| Excess Or Deficit For Year | 2009639 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -139491 | NetUnrealizedGLOnInvestments |
| Other | $132,015 | OtherAmount |
| Total Adjustments | -7476 | TotalAdjustments |
| Excess Or Deficit Per FS | 2002163 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15863830 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -139491 | NetUnrealizedGainsInvestments |
| Other Revenues | 132015 | OtherRevenues |
| Revenue Not Rptd F990 | -7476 | RevenueNotRptdF990 |
| Revenue Subtotal | 15871306 | RevenueSubtotal |
| Investment Expenses Not Included | 36883 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 36883 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15908189 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13861667 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13861667 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 36883 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 36883 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13898550 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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: | 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, 2009 through 2012. |
| Part XI, Line 8 - Other Adjustments: | Change in value of split-interest agreements 132,015. | |
| Part XII, Line 2d - Other Adjustments: | Change in value of split-interest agreements 132,015. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Nondiscriminatory Policy Publication | Identifier |
| Return Reference | Schedule E, Part I, Line 3 | ReturnReference |
| Explanation | Hebron Academy publicizes its policy through student and staff handbooks, as well as other publicised advertisements. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Agreement Ref Fundraising | 0 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marts & Lundy | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 Wall Street West | AddressLine1 |
| City | Lyndhurst | City |
| State | NJ | State |
| ZIP Code | 07071 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Fundraising Consulting | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 39884 | AmountRetainedByContractor |
| Net To Organization | 0 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 39884 | TotalRetainedByContractors |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Student Financial Aid | TypeOfGrant |
| Number Of Recipients | 188 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 3593098 | AmountOfNonCashAssistance |
| Method Of Valuation | Direct discount of tuition. | MethodOfValuation |
| Description Of Non Cash Assistance | Reduction of tuition due for recipient. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John King | NamePerson |
| Base Compensation Filing Org | 188876 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 12906 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 29604 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 231386 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Finance Authority of Maine | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 010392006 | IssuerEIN |
| CUSIP Number | 56042BBJ5 | CUSIPNumber |
| Date Issued | 2007-07-12 | DateIssued |
| Issue Price | 14700000 | IssuePrice |
| Description Of Purpose | Provide funds for major capital improvement project. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 14700000 | TotalProceeds |
| Issuance Costs From Proceeds | 257971 | IssuanceCostsFromProceeds |
| Capital Expenditures | 14442029 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lehman Brothers | BusinessNameLine1 |
| Business Name Line2 | Special Financing | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 29.900000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 1 | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBIA Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 2.100000000000 | TermOfGIC |
| Regulatory Safe Harbor Satisfied | 1 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 372552 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair market value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 5: | Net unrealized losses on investments: -139,491. Change in value of split-interest agreements 132,015. Total to Form 990, Part XI, Line 5: -7,476. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2c | The process has not changed. | Audit Oversight |
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