TRUSTEES OF THORNTON ACADEMY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: TRUSTEES OF THORNTON ACADEMY (EIN 01-0224769)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-04
IRS object ID: 201103089349300905
Schema version: 2010v3.4
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 J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-04T08:14:53-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SIMENSKY ENGSTROM & ASSOCIATES CPA'S	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 760	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	010224769	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TRUSTEES OF THORNTON ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TRUS	NameControl
Phone	2072823361	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	438 MAIN STREET	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ERIC PURVIS	Name
Title	PRESIDENT	Title
Phone	2072823361	Phone
Date Signed	2011-10-26	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	EDWARD K SIMENSKY	Name
Phone	2072845943	Phone
Date Prepared	2011-10-27	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	19626325	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	THORNTON.SACO.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1811	YearFormation
State Legal Domicile	ME	StateLegalDomicile
Activity Or Mission Description	HIGH SCHOOL EDUCATION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	16	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	16	NbrIndependentVotingMembers
Total Nbr Employees	268	TotalNbrEmployees
Total Nbr Volunteers	300	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	876532	ContributionsGrantsPriorYear
Contributions Grants Current Year	269676	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	14560593	ProgramServiceRevenuePriorYear
Program Service Revenue CY	15281257	ProgramServiceRevenueCY
Investment Income Prior Year	425378	InvestmentIncomePriorYear
Investment Income Current Year	581977	InvestmentIncomeCurrentYear
Other Revenue Prior Year	2584	OtherRevenuePriorYear
Other Revenue Current Year	77167	OtherRevenueCurrentYear
Total Revenue Prior Year	15865087	TotalRevenuePriorYear
Total Revenue Current Year	16210077	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	10910951	SalariesEtcPriorYear
Salaries Etc Current Year	11805570	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	220531	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3661027	OtherExpensePriorYear
Other Expenses Current Year	4574146	OtherExpensesCurrentYear
Total Expenses Prior Year	14571978	TotalExpensesPriorYear
Total Expenses Current Year	16379716	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1293109	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-169639	RevenuesLessExpensesCY
Total Assets BOY	26155907	TotalAssetsBOY
Total Assets EOY	31505107	TotalAssetsEOY
Total Liabilities BOY	11828244	TotalLiabilitiesBOY
Total Liabilities EOY	16596497	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	14327663	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	14908610	NetAssetsOrFundBalancesEOY
Mission Description	HIGH SCHOOL EDUCATION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	15252753	Expense
Description	PROVIDED HIGH SCHOOL EDUCATION PRIMARILY TO RESIDENTS OF THE CITY OF SACO, MAINE.	Description
Total Program Service Expense	15252753	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	37	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	268	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	16	NbrVotingGoverningBodyMembers
Number Independent Voting Members	16	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	PAUL KELLY	NamePerson
Telephone Number	2072823361	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	438 MAIN ST	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (32 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
VANGEL C COTSIS
TRUSTEE	X	0	0	0
BERNARD W GAINES
TRUSTEE	X	0	0	0
STEPHEN B GARLAND
VICE-PRES	X	0	0	0
ROBERT P GOWEN
TRUSTEE	X	0	0	0
JOYCE HALEY
TRUSTEE	X	0	0	0
KENNETH JANSON
TRUSTEE	X	0	0	0
WILLIAM D JOHNSON
TRUSTEE	X	0	0	0
WILLIAM S KANY
TRUSTEE	X	0	0	0
KAREN B LOVELL
TRUSTEE	X	0	0	0
JAMES E NELSON
TRUSTEE	X	0	0	0
JOAN VICTOR
ASSOCIATE TR	X	0	0	0	0.00
MARK G WILLETT
TRUSTEE	X	0	0	0
BRIAN DALLAIRE
TRUSTEE	X	0	0	0
PAUL REMMES
TRUSTEE	X	0	0	0
KATHLEEN SANTAMORE
TRUSTEE	X	0	0	0
GLENN R ANDERSON
ASSOCIATE TR	X	0	0	0	0.00
SARA FINK
ASSOCIATE TR	X	0	0	0	0.00
MARK L FRIEDMAN
ASSOCIATE TR	X	0	0	0	0.00
JOSEPH A GRONDIN
ASSOCIATE TR	X	0	0	0	0.00
JOHN L HEWES
ASSOCIATE TR	X	0	0	0	0.00
JOHN HOYT
ASSOCIATE TR	X	0	0	0	0.00
JAMES J JORDAN
ASSOCIATE TR	X	0	0	0	0.00
JANE NUTTING
ASSOCIATE TR	X	0	0	0	0.00
CLIFFORD PURVIS
ASSOCIATE TR	X	0	0	0	0.00
KEVIN SAVAGE
ASSOCIATE TR	X	0	0	0	0.00
ROBERT WARNER
ASSOCIATE TR	X	0	0	0	0.00
PHILIP D FEARON
TREASURER		0	0	0		X
DENNIS J FLAHERTY
ASST TREAS		0	0	0		X
ERIC A PURVIS
PRESIDENT		0	0	0		X
CARL STASIO JR
HEADMASTER		192969	0	6000	40.00		X
PAUL KELLY
CFO		111079	0	0	40.00			X
RENE MENARD
ASST HDMASTR		106192	0	0	40.00			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	410240	TotalReportableCompFromOrg
Total Other Compensation	6000	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
P&M CONSTRUCTION
PO BOX 728	SACO	ME	04072	CONSTRUCTION	2786247
SHAW BROTHERS CONSTRUCTION INC
511 MAIN ST	GORHAM	ME	04038	CONSTRUCTION	367690
BARBA & WHEELOCK
500 CONGRESS ST	PORTLAND	ME	04101	ARCHITECTS	143051

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
All Other Contributions	269676	AllOtherContributions
Total Contributions	269676	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION	13503485	13503485
RESIDENTIAL TUITION & FEES	1756998	1756998
ATHLETICS INCOME	20774	20774

Field	Value	IRS element (for citing)
Total Program Service Revenue	15281257	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	259335	TotalRevenueColumn
Exclusion	$259,335	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	3772	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	3772	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	3772	TotalRevenueColumn
Exclusion	$3,772	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	3738890	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	3416248	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	322642	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	322642	TotalRevenueColumn
Exclusion	$322,642	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Total Revenue Column	73395	TotalRevenueColumn
Related Or Exempt Function Income	73395	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	73395	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	16210077	TotalRevenueColumn
Related Or Exempt Function Income	15354652	RelatedOrExemptFunctionIncome
Exclusion	$585,749	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	192969	Total
Program Services	192969	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	9027588	Total
Program Services	8222386	ProgramServices
Management And General	644558	ManagementAndGeneral
Fundraising	160644	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2585013	Total
Program Services	2348105	ProgramServices
Management And General	189628	ManagementAndGeneral
Fundraising	47280	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	474741	Total
Program Services	474741	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	796813	Total
Program Services	796813	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
CAMPUS OPERATIONS	1319251	1319251
PLANT OPERATIONS	953160	953160
INSTRUCTIONAL COSTS, ETC	929207	844354	72246	12607
ACTIVITIES EXCHANGE	66414	66414
SCHOLARSHIP AWARDS	34560	34560

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	16379716	Total
Program Services	15252753	ProgramServices
Management And General	906432	ManagementAndGeneral
Fundraising	220531	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3191888	BOY
EOY	2337798	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	347303	BOY
EOY	192202	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	120066	BOY
EOY	105	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	42660	BOY
EOY	40261	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	29375245	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	8641485	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	15815123	BOY
EOY	20733760	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	6537010	BOY
EOY	8184095	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	58483	BOY
EOY	16886	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	43374	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	26155907	BOY
EOY	31505107	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1483896	BOY
EOY	2253496	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	9233063	BOY
EOY	12252540	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1111285	BOY
EOY	2090461	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	11828244	BOY
EOY	16596497	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	14092155	BOY
EOY	14720551	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	235508	BOY
EOY	188059	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	14327663	BOY
EOY	14908610	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	26155907	BOY
EOY	31505107	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-169639	ReconcilationRevenueExpenses
Reconcilation Other Changes	750586	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	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

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	727574	OtherCostOrOtherBasis
Book Value	727574	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	24676133	OtherCostOrOtherBasis
Depreciation	5642471	Depreciation
Book Value	19033662	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3971538	OtherCostOrOtherBasis
Depreciation	2999014	Depreciation
Book Value	972524	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	20733760	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	UNEARNED INCOME	Description
Amount	$2,090,461	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	2090461	TotalOfAmounts
Total Revenue	16210077	TotalRevenue
Total Expenses	16379716	TotalExpenses
Excess Or Deficit For Year	-169639	ExcessOrDeficitForYear
Net Unrealized GL On Investments	750586	NetUnrealizedGLOnInvestments
Total Adjustments	750586	TotalAdjustments
Excess Or Deficit Per FS	580947	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	16960663	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	750586	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	750586	RevenueNotRptdF990
Revenue Subtotal	16210077	RevenueSubtotal
Total Revenue Per Form990	16210077	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	16379716	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	16379716	ExpensesSubtotal
Total Expenses Per Form990	16379716	TotalExpensesPerForm990

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	false	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	CARL STASIO JR	NamePerson
Base Compensation Filing Org	192969	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	6000	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	198969	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE FINANCE DIRECTOR REVIEWS FORM 990, AND THEN THE PRESIDENT ALSO REVIEWS IT AND SIGNS IT.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	HEADMASTER'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	AVAILABLE UPON REQUEST.