Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Tuition, Room & Board,

  total $6,556,424 · related or exempt $6,556,424

• 7a · Gross sales of assets other than inventory

  securities $5,952 · other assets $6,000

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $5,952 · other assets $6,000

• 7d · Net gain or loss

  total $11,952 · excluded $11,952

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $120,903 · program services $118,259 · management and general $2,644

• 7 · Other salaries and wages

  total $3,210,588 · program services $3,140,395 · management and general $70,193

• 8 · Pension plan contributions

  total $77,823 · program services $76,354 · management and general $1,469

• 9 · Other employee benefits

  total $828,219 · program services $812,442 · management and general $15,777

• 10 · Payroll taxes

  total $284,282 · program services $278,066 · management and general $6,216

• 11a · Fees: management

  total $384,522 · program services $384,522

• 11b · Fees: legal

  total $877 · program services $877

• 11g · Fees: other

  total $27,362 · program services $27,362

• 12 · Advertising and promotion

  total $516 · program services $516

• 13 · Office expenses

  total $184,537 · program services $184,537

• 14 · Information technology

  total $66,511 · program services $66,511

• 16 · Occupancy

  total $335,082 · program services $334,475 · management and general $607

• 17 · Travel

  total $97,639 · program services $97,639

• 19 · Conferences, conventions and meetings

  total $15,435 · program services $15,435

• 20 · Interest

  total $4,080 · program services $4,080

• 22 · Depreciation, depletion and amortization

  total $123,476 · program services $123,476

• 23 · Insurance

  total $59,123 · program services $59,123

• 24a · Other expenses: Service Provider Tax

  total $147,935 · program services $147,935

• 24b · Other expenses: Student clothing and pe

  total $16,276 · program services $16,276

• 24c · Other expenses: Miscellaneous

  total $9,611 · program services $9,611

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $350,791 · end of year $406,170

• 4 · Accounts receivable

  beginning of year $0 · end of year $434,784

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $158

• 10a · Land, buildings and equipment: cost or other basis

  $1,530,302

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,012,066

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $518,236

• 14 · Intangible assets

  beginning of year $0 · end of year $766,607

• 15 · Other assets

  beginning of year $0 · end of year $118,026

• 17 · Accounts payable and accrued expenses

  beginning of year $1,005 · end of year $375,332

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $41,728

• 25 · Other liabilities

  beginning of year $349,786 · end of year $1,253,342

• 27 · Net assets without donor restrictions

  end of year $573,579

The filer's explanations (Part III)

Part I, Line 3

Jay Wolter, President, is compensated by Becket Academy and Moosilauke Visions, Inc., related organizations. The methods used to determine his compensation is as follows: 1. Form 990 of other organizations 2. Written employment contract 3. Compensation survey or study 4. Approval by the board or compensation committee

Form 990, Schedule J, Part II:

Jay Wolter, President, David Chabot, Chief Legal & Employment Affairs Officer, and Mark Tecca, Vice President of Finance are compensated by Becket Academy and Moosilauke Visions, Inc., related organizations, for their services to Becket Academy, Moosilauke Visions, Inc. and Becket Maine, Inc.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Dade Family Counseling Community Mental Health Center Inc

  C · Mental Health Clinic · FL

• Summit Achievement of Stow Inc

  S · Youth Counseling Services · ME