Kents Hill School
- Assets
- $57.2m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 103
- Location
- Kents Hill, ME
- Founding
- 04/1950
- Data as of
- 06/2021
- EIN
- 01-0211532
Organization Overview
Kents Hill School is located in Kents Hill, ME. The organization was established in 1950. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kents Hill School employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kents Hill School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Kents Hill School generated $14.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $14.2m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED AND MERIT BASED.
PRIVATE SECONDARY SCHOOL UTILIZED BY 217 BOARDING AND DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore B Alfond Vice President | OfficerTrustee | 1 | $0 |
Mark S Alcaide VP & Treasurer | OfficerTrustee | 1 | $0 |
Patricia R Hatler President | OfficerTrustee | 1 | $0 |
Parker J Beverage Trustee | Trustee | 1 | $0 |
Taylor Bodman Trustee | Trustee | 1 | $0 |
Philip Boulton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Dining Services | 6/29/22 | $1,093,299 |
Winthrop Fuel Co Inc Fuel | 6/29/22 | $239,678 |
Gdi Services Inc Janitorial Services | 6/29/22 | $111,366 |
Ice Ops And Arena Consulting Inc Maintenance And Repair Services | 6/29/22 | $107,628 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,138,541 |
| Investment income | -$35,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$128,508 |
| Net Gain/Loss on Asset Sales | $3,040,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,747 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,611,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,437,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,044,690 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $440,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,395,811 |
| Pension plan accruals and contributions | $163,998 |
| Other employee benefits | $648,509 |
| Payroll taxes | $282,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,781 |
| Advertising and promotion | $19,224 |
| Office expenses | $0 |
| Information technology | $83,445 |
| Royalties | $0 |
| Occupancy | $547,484 |
| Travel | $31,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $442,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,548,233 |
| Insurance | $125,170 |
| All other expenses | $0 |
| Total functional expenses | $14,245,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,110,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,201 |
| Accounts receivable, net | $15,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,147 |
| Prepaid expenses and deferred charges | $223,395 |
| Investments—publicly traded securities | $29,783,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $730,285 |
| Total assets | $57,192,936 |
| Accounts payable and accrued expenses | $355,794 |
| Grants payable | $0 |
| Deferred revenue | $1,815,649 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $700,813 |
| Secured mortgages and notes payable | $10,663,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,143,705 |
| Total liabilities | $15,679,450 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $41,513,486 |