2024-05-15T13:52:59-05:00 2023-06-30 921397405 TSS ADVISORS LLC 19 MORGAN DRIVE LEBANON NH 03766 990 2022-07-01 010246278 FOXCROFT ACADEMY TRUSTEES OF FOXC 2075648351 975 WEST MAIN STREET DOVERFOXCROFT ME 04426 DANIEL N WHITE CFO 2075648351 2024-05-14 1 DANIEL WHITE 999009999 0 JAMES N GODFREY CPA P00913422 6036530044 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD SWETT 157 DAWES RD DOVERFOXCROFT ME 04426 15561264 0 X WWW.FOXCROFTACADEMY.ORG X 1823 ME SECONDARY EDUCATION 16 16 157 20 458886 0 1602398 2666944 8020316 9061060 400860 296944 1029800 866164 11053374 12891112 1343641 1456950 0 0 5824095 5861979 0 0 428879 4128047 4897019 11295783 12215948 -242409 675164 30062383 31517500 15499442 15757931 14562941 15759569 X FOXCROFT ACADEMY IS AN INDEPENDENT HIGH SCHOOL FOUNDED IN 1823 ON THE PRINCIPLE THAT KNOWLEDGE IS POWER. FOXCROFT ACADEMY IS COMMITTED TO PROVIDING STUDENTS FROM CENTRAL MAINE AND BEYOND A RIGOROUS COLLEGE AND CAREER PREPARATORY ACADEMIC CURRICULUM DESIGNED TO PRODUCE INFORMED AND ACTIVE GLOBAL CITIZENS. FOXCROFT ACADEMY WILL FURNISH ALL STUDENTS WITH THE UNDERLYING SKILLS NEEDED FOR POST-SECONDARY SUCCESS WHILE EMBRACING ITS SAFE COMMUNITY AND NATURAL ENVIRONMENT. 0 0 9478057 1456950 9429641 THE TRUSTEES OF FOXCROFT ACADEMY OPERATE A PRIVATE SECONDARY SCHOOL WHICH CONTRACTS TO PROVIDE COMPREHENSIVE SECONDARY EDUCATION TO ALL STUDENTS IN RURAL SCHOOL UNIT (RSU) #68, OTHER LOCAL COMMUNITIES WITH NO SECONDARY SCHOOL AND SOME PRIVATE INDIVIDUALS, INCLUDING BOARDING STUDENTS. CO-CURRICULAR PROGRAMS FORM AN INTEGRAL PART OF THAT EDUCATION. 9478057 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 1 36 0 1 157 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X DANIEL N WHITE 2075648351 FOXCROFT ACADEMY DOVERFOXCROFT ME 04426 KENNETH HEWS TRUSTEE 1.00 X 0 0 0 KELLY DENNIS TRUSTEE 1.00 X 0 0 0 THOMAS LIZOTTE TRUSTEE 1.00 X 0 0 0 RICHARD SWETT MD PRESIDENT 1.00 X X 0 0 0 RAYMOND POULIN UNTIL 1112022 TRUSTEE 1.00 X 0 0 0 NORMAN HIGGINS TRUSTEE 1.00 X 0 0 0 KRISTEN GURALL UNTIL 8262022 TRUSTEE 1.00 X 0 0 0 KIRSTEN WHITE TRUSTEE 1.00 X 0 0 0 JASON FREDERICK TREASURER 1.00 X X 0 0 0 KELLY KEENAN UNTIL 872022 TRUSTEE 1.00 X 0 0 0 KAREN POMEROY TRUSTEE 1.00 X 0 0 0 JOHN WENTWORTH SECRETARY 1.00 X X 0 0 0 GERALD TREY MERRILL III TRUSTEE 1.00 X 0 0 0 JESSE KLEIN TRUSTEE 1.00 X 0 0 0 JACK CLUKEY TRUSTEE 1.00 X 0 0 0 ETHAN ANNIS VICE PRESIDENT 1.00 X X 0 0 0 DAN WANG TRUSTEE 1.00 X 0 0 0 STACY STITHAM TRUSTEE 1.00 X 0 0 0 HILLARY CARUSO TRUSTEE 1.00 X 0 0 0 ARNOLD SHOREY HEAD OF SCHOOL 40.00 X 224588 0 50569 DANIEL WHITE CFO 40.00 X 149051 0 48277 PETER INGRAHAM DIRECTOR OF MAJOR GIFTS 40.00 X 125652 0 44647 JASON TARDY ADMISSIONS DIRECTOR 40.00 X 105229 0 26869 604520 0 170362 4 0 1 0 ROWELLS TRANSPORTATION LLC 191 EAST MAIN STREET DOVERFOXCROFT ME 04426 TRANSPORTATION FOR STUDENTS 112993 THE SHERIDAN CORPORATION 33 SHERIDAN DRIVE FAIRFIELD ME 04937 CONSTRUCTION 105308 2 2666944 3720 2666944 TUITION 611710 5761605 5761605 PROGRAM SUPPORT 611710 3047410 3047410 LUNCH PROGRAM 611710 252045 252045 9061060 208641 208641 38697 0 38697 38697 38697 2758455 2670152 88303 88303 88303 ATHLETIC FACILITY RENTAL 713940 458886 458886 BENEFICIARY INCOME 900099 368581 368581 827467 12891112 9429641 458886 335641 1456950 1456950 409303 409303 4204993 3308118 658109 238766 170322 145439 20275 4608 1077361 779297 190813 107251 57035 300 56735 43265 43265 64732 64732 624544 283815 325139 15590 196256 2791 173323 20142 231155 193705 19064 18386 898043 846777 42861 8405 139235 138266 969 732121 723359 8762 788842 779401 9441 FOOD EXPENSES 338546 317884 20662 STUDENT ACTIVITIES 304991 199810 105181 DUES AND FEES 151440 102637 43643 5160 FURNITURE & EQUIP 114011 111648 2363 212803 87860 114372 10571 12215948 9478057 2309012 428879 250728 273678 29090 35178 574485 2197012 67742 918777 20264 22450 166288 142336 30895393 11396667 19565398 19498726 9289503 8122415 98885 306928 30062383 31517500 1014756 658418 329935 498860 10711550 10221002 3443201 4379651 15499442 15757931 X 517697 7704583 14045244 8054986 14562941 15759569 30062383 31517500 X 675164 313421 208043 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8524288 88525 327590 209554 256121 36905 8437823 4123465 7111849 -2223809 194400 252400 40417 8524288 4224550 8845 115960 78475 120050 27365 4123465 4314406 13110 78178 58526 115002 7616 4224550 4375927 21686 96668 56699 116689 6487 4314406 0.51350 0.29635 0.19015 1 0 204684 204684 26876182 8097781 18778401 2101733 1858175 243558 1512030 1292607 219423 200764 148104 52660 19498726 X 11893249 313421 2355 315776 11577473 64732 1248907 1313639 12891112 10696621 2355 2355 10694266 64732 1456950 1521682 12215948 PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,456,950. INTEREST RATE SWAP -208,043. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,456,950. PART V, LINE 4 INTENDED USES OF THE ENDOWMENT FUND ENDOWMENT FUNDS ARE FOR THE OCCUPANCY AND OPERATION OF FOXCROFT ACADEMY. THE INCOME FROM SOME FUNDS IS RESTRICTED TO CAPITAL REPAIRS AND IMPROVEMENTS OR FOR THE RELATED DEBT SERVICE. THE INCOME FROM CERTAIN FUNDS IS RESTRICTED TO POST-SECONDARY EDUCATION SCHOLARSHIPS FOR FOXCROFT ACADEMY GRADUATES OR FOR FOXCROFT ACADEMY STUDENTS/FACULTY TO EXPERIENCE EDUCATIONAL OPPORTUNITES OUTSIDE OF FOXCROFT ACADEMY. THE INCOME FROM LIMITED FUNDS IS RESTRICTED TO DEFRAY TUITION COSTS FOR ACADEMY STUDENTS FROM OUTSIDE THE PUBLIC SENDING UNIT AREA. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 FOXCROFT ACADEMY CONTRACTS WITH RSU #68 TO PROVIDE SECONDARY EDUCATION REGARDLESS OF RACE, RELIGION, GENDER, NATIONAL ORIGIN OR SEXUAL ORIENTATION. THE SCHOOL ALSO ACCEPTS BOARDING STUDENTS WITHOUT REGARD TO RACE, RELIGION, GENDER, NATIONAL ORIGIN OR SEXUAL ORIENTATION. THIS NON-DISCRIMINATION POLICY IS PUBLISHED IN THE STUDENT AND FACULTY HANDBOOKS, GUIDANCE CURRICULUM HANDBOOK, AND THE MAINE ASSOCIATION OF INDEPENDENT SCHOOLS. 1 FINANCIAL AID 62 1456950 FMV FINANCIAL AID PART I, LINE 2: FINANCIAL ASSISTANCE IS NEED BASED AND APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. PART III THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE BUSINESS OFFICE OF FOXCROFT ACADEMY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ARNOLD SHOREY HEAD OF SCHOOL 189706 0 10000 0 24882 0 13323 0 37246 0 275157 0 0 0 DANIEL WHITE CFO 134171 0 0 0 14880 0 2805 0 45472 0 197328 0 0 0 PETER INGRAHAM DIRECTOR OF MAJOR GIFTS 124306 0 0 0 1346 0 2540 0 42107 0 170299 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED AS PART OF EMPLOYMENT AND IN ACCORDANCE WITH CONTRACT. PART I, LINE 3 SALARIES ARE IN COMPARABLE RANGE WITH DATA FROM ISANNE AND NAIS. A FINANCE AUTHORITY OF MAINE 010392006 2015-06-29 14430000 TO RESTRUCTURE EXISTING DIRECT PAY LETTER AND REFINANCE EXISTING BOND/NOTE. 0 0 0 A 14430000 35467 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 1 THE TORONTO-DOMINION 9.900000000000 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL PROVIDES A 990 DRAFT TO THE PRESIDENT, TREASURER, AND HEAD OF SCHOOL FOR REVIEW AND SIGN-OFF BEFORE THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL WRITTEN DISCLOSURES OF CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE IN COMPARABLE RANGE WITH DATA FROM ISANNE AND NAIS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT 208,043.