Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $878,537

• 1f · All other contributions, gifts and grants

  $68,813

• 2a · Program service revenue: Residential Services

  total $25,977,610 · related or exempt $25,882,145 · unrelated business $95,465

• 2b · Program service revenue: Management Fees

  total $3,962,020 · related or exempt $3,962,020

• 2c · Program service revenue: Other Income

  total $71,620 · related or exempt -$9,690 · unrelated business $81,310

• 3 · Investment income

  total $760,820 · unrelated business $238,553 · excluded $522,267

• 6a · Gross rents

  real property $359,470

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $359,470

• 6d · Net rental income or loss

  total $359,470 · unrelated business $109,485 · excluded $249,985

• 7a · Gross sales of assets other than inventory

  securities $377,063 · other assets $3,883,102

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

  securities $0 · other assets $2,423,562

• 7c · Gain or loss

  securities $377,063 · other assets $1,459,540

• 7d · Net gain or loss

  total $1,836,603 · excluded $1,836,603

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $105,000 · program services $105,000

• 2 · Grants to domestic individuals

  total $38,170 · program services $38,170

• 5 · Compensation of officers, directors and key employees

  total $980,100 · program services $796,054 · management and general $184,046

• 7 · Other salaries and wages

  total $16,967,055 · program services $13,968,800 · management and general $2,998,255

• 8 · Pension plan contributions

  total $241,934 · program services $166,652 · management and general $75,282

• 9 · Other employee benefits

  total $2,776,202 · program services $2,067,020 · management and general $709,182

• 10 · Payroll taxes

  total $1,392,103 · program services $1,159,518 · management and general $232,585

• 11b · Fees: legal

  total $317,714 · management and general $317,714

• 11c · Fees: accounting

  total $233,379 · management and general $233,379

• 11g · Fees: other

  total $612,830 · program services $481,592 · management and general $131,238

• 12 · Advertising and promotion

  total $160,441 · program services $159,769 · management and general $672

• 13 · Office expenses

  total $1,009,974 · program services $778,983 · management and general $230,991

• 14 · Information technology

  total $613,204 · program services $613,204

• 16 · Occupancy

  total $2,208,572 · program services $2,061,038 · management and general $147,534

• 17 · Travel

  total $549,363 · program services $530,924 · management and general $18,439

• 19 · Conferences, conventions and meetings

  total $249,900 · program services $249,900

• 20 · Interest

  total $288,453 · program services $288,324 · management and general $129

• 22 · Depreciation, depletion and amortization

  total $1,203,395 · program services $1,153,016 · management and general $50,379

• 23 · Insurance

  total $438,027 · program services $405,379 · management and general $32,648

• 24a · Other expenses: State Tax Expense

  total $381,439 · program services $381,439

• 24b · Other expenses: Miscellaneous

  total $102,008 · program services $98,332 · management and general $3,676

• 24c · Other expenses: Farm

  total $13,106 · program services $13,106

• 24d · Other expenses: Student Activities

  total $4,281 · program services $4,281

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $16,064,223 · end of year $26,717,554

• 3 · Pledges and grants receivable

  beginning of year $323,745 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,042,515 · end of year $2,178,930

• 7 · Other notes and loans receivable

  beginning of year $231,863 · end of year $1,926,279

• 9 · Prepaid expenses and deferred charges

  beginning of year $58,780 · end of year $143,813

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

  $20,343,912

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

  $5,084,956

• 10c · Land, buildings and equipment, net

  beginning of year $12,511,836 · end of year $15,258,956

• 12 · Investments: other securities

  beginning of year $86,550 · end of year $86,550

• 14 · Intangible assets

  beginning of year $7,085,397 · end of year $8,797,338

• 15 · Other assets

  beginning of year $455 · end of year $1,104,153

• 17 · Accounts payable and accrued expenses

  beginning of year $1,309,133 · end of year $1,730,693

• 19 · Deferred revenue

  beginning of year $187,480 · end of year $281,659

• 23 · Secured mortgages and notes payable

  beginning of year $9,257 · end of year $4,758,309

• 25 · Other liabilities

  beginning of year $7,158,541 · end of year $6,106,819

• 27 · Net assets without donor restrictions

  beginning of year $28,740,953 · end of year $43,336,093

The filer's explanations (Part III)

Part I, Line 3

Jay Wolter, President, is compensated by both Moosilauke Visions, Inc. and Becket Academy, a related organization. The methods used to determine his compensation from Becket Academy are 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:

Employees meeting the requirement for disclosure are compensated by both Moosilauke Visions Inc. and Becket Academy, a related organization, for their services to both Becket Academy and Moosilauke Visions, Inc. See the respective Compensation Information for both companies provided.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MVTC LLC

  Individual and Family Services · NH · income $6,980,416 · assets $3,907,077

  Directly controlled by Moosilauke Visions Inc

• Oliverian Land & Cattle Co LLC

  Real estate holding company · NH · income $221,985 · assets $3,263,378

  Directly controlled by Moosilauke Visions Inc

• Maine School Solutions LLC

  Community/Behavioral Health Agency · ME · income $5,436,231 · assets $0

  Directly controlled by Moosilauke Visions Inc

• Next Steps Community Services LLC

  Group Home Management · NH · income $15,475,470 · assets $11,437,458

  Directly controlled by Moosilauke Visions Inc

• Moosilauke Visions LLC

  Management Support Services · NH · income $81,310 · assets $425,069

  Directly controlled by Moosilauke Visions Inc

Related corporations and trusts

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

• Summit Achievement of Stow Inc

  S · Youth Counseling Services · ME · 50.99% owned · share of income $238,553 · share of assets $464,313 · controlled entity

  Directly controlled by Moosilauke Visions Inc

• Dade Family Counseling Community Mental Health Center Inc

  C · Mental Health Clinic · FL