Kents Hill School
- Assets
- $53.7m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 136
- Location
- Kents Hill, ME
- Founding
- 04/1950
- Data as of
- 06/2020
- 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 06/2021, Kents Hill School employed 136 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 06/2020, Kents Hill School generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $15.6m during the year ending 06/2020. 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
2020
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 APPROXIMATELY 220 BOARDING AND DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Cheney Head Of School | Officer | 40 | $245,890 |
Meadow Davis Associate Head Of School | 40 | $144,445 | |
Andrew May CFO | Officer | 40 | $142,638 |
Theodore B Alfond Vice President | OfficerTrustee | 1 | $0 |
Mark S Alcaide VP & Treasurer | OfficerTrustee | 1 | $0 |
Patricia R Hatler President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Services | 6/29/21 | $958,883 |
Warren Construction Group Llc Construction | 6/29/21 | $212,688 |
Winthrup Fuel Co Inc Fuel | 6/29/21 | $215,470 |
Gdi Services Inc Cleaning Services | 6/29/21 | $117,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,875 |
| Investment income | $47,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$303,100 |
| Net Gain/Loss on Asset Sales | $365,352 |
| Net Income from Fundraising Events | $2,923 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,333,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,264,140 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,057,050 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $427,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,147,129 |
| Pension plan accruals and contributions | $176,162 |
| Other employee benefits | $921,770 |
| Payroll taxes | $336,353 |
| 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 | $199,480 |
| Advertising and promotion | $21,644 |
| Office expenses | $0 |
| Information technology | $51,012 |
| Royalties | $0 |
| Occupancy | $577,026 |
| Travel | $158,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $471,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,470,429 |
| Insurance | $123,191 |
| All other expenses | $0 |
| Total functional expenses | $15,590,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,561,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,922 |
| Accounts receivable, net | $33,081 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,778 |
| Prepaid expenses and deferred charges | $101,979 |
| Investments—publicly traded securities | $25,044,754 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $671,202 |
| Total assets | $53,732,644 |
| Accounts payable and accrued expenses | $312,200 |
| Grants payable | $0 |
| Deferred revenue | $1,232,949 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $597,813 |
| Secured mortgages and notes payable | $11,285,378 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,849,967 |
| Total liabilities | $16,278,307 |
| 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 | $37,454,337 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Kents Hill School has recieved totaling $626,463.
| Awarding Organization | Amount |
|---|---|
Harold Alfond Foundation Portland, ME PURPOSE: STEAM EXPANSION PROJECT | $500,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Secondary & High Schools | $39,390 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,000 |
Erroll Rawson Charitable Trust Dallas, TX PURPOSE: SCHOLARSHIPS & MERIT AWARDS | $17,899 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: EDUCATION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,219 |
Endowment Analysis
| Beg. Balance | $25,044,754 |
| Earnings | $6,198,179 |
| Admin Expense | $67,176 |
| Net Contributions | $74,799 |
| Other Expense | $1,094,958 |
| Grants | $372,214 |
| Ending Balance | $29,783,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proctor Academy Andover, NH | $88,196,091 | $31,542,996 |
Trustees Of Thornton Academy Saco, ME | $58,151,503 | $34,768,961 |
Brewster Academy Wolfeboro, NH | $85,558,593 | $32,925,691 |
Holderness School Plymouth, NH | $142,642,933 | $29,127,252 |
New Hampton School New Hampton, NH | $98,204,733 | $28,171,806 |
Kimball Union Academy Meriden, NH | $123,763,402 | $26,647,402 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Gould Academy Bethel, ME | $51,802,466 | $16,747,864 |
Kents Hill School Kents Hill, ME | $53,732,644 | $12,333,982 |
The Trustees Of Fryeburg Academy Fryeburg, ME | $79,323,577 | $20,722,502 |
Coe-Brown Northwood Academy Northwood, NH | $14,207,279 | $13,826,653 |