Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $8,872,218

• 1f · All other contributions, gifts and grants

  $8,498

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

  total $65,640,295 · related or exempt $65,640,295

• 2b · Program service revenue: Miscellaneous Revenue

  total $708,475 · related or exempt $708,475

• 2c · Program service revenue: Management Fees

  total $377,181 · related or exempt $377,181

• 2d · Program service revenue: State Nutrition Revenue

  total $79,028 · related or exempt $79,028

• 3 · Investment income

  total $135,669 · excluded $135,669

• 6a · Gross rents

  real property $208,017

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $208,017

• 6d · Net rental income or loss

  total $208,017 · excluded $208,017

• 7a · Gross sales of assets other than inventory

  securities $73,050

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

  securities $0 · other assets $144,653

• 7c · Gain or loss

  securities $73,050 · other assets -$144,653

• 7d · Net gain or loss

  total -$71,603 · excluded -$71,603

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,973,616 · program services $1,704,647 · management and general $268,969

• 7 · Other salaries and wages

  total $30,522,513 · program services $26,508,068 · management and general $4,014,445

• 8 · Pension plan contributions

  total $489,022 · program services $423,152 · management and general $65,870

• 9 · Other employee benefits

  total $3,581,849 · program services $2,947,703 · management and general $634,146

• 10 · Payroll taxes

  total $2,811,660 · program services $2,485,515 · management and general $326,145

• 11b · Fees: legal

  total $23,660 · management and general $23,660

• 11c · Fees: accounting

  total $82,330 · management and general $82,330

• 11g · Fees: other

  total $2,083,374 · program services $1,982,554 · management and general $100,820

• 12 · Advertising and promotion

  total $27,075 · program services $26,745 · management and general $330

• 13 · Office expenses

  total $1,923,682 · program services $1,709,625 · management and general $214,057

• 16 · Occupancy

  total $2,734,830 · program services $2,537,053 · management and general $197,777

• 17 · Travel

  total $1,160,701 · program services $1,107,258 · management and general $53,443

• 19 · Conferences, conventions and meetings

  total $300,319 · program services $283,466 · management and general $16,853

• 20 · Interest

  total $889,938 · program services $935,372 · management and general -$45,434

• 22 · Depreciation, depletion and amortization

  total $1,457,098 · program services $1,366,678 · management and general $90,420

• 23 · Insurance

  total $696,258 · program services $663,401 · management and general $32,857

• 24a · Other expenses: Provider Stipends

  total $11,188,008 · program services $11,188,008

• 24b · Other expenses: Miscellaneous

  total $1,230,547 · program services $1,226,396 · management and general $4,151

• 24c · Other expenses: Service Provider Tax

  total $730,431 · program services $730,431

• 24d · Other expenses: Student clothing and pe

  total $107,474 · program services $107,474

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,108,111 · end of year $8,058,037

• 2 · Savings and temporary cash investments

  beginning of year $1,886,216 · end of year $1,998,440

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $8,280,807

• 4 · Accounts receivable

  beginning of year $6,118,735 · end of year $6,141,576

• 7 · Other notes and loans receivable

  beginning of year $651,326 · end of year $583,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $248,955 · end of year $226,654

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

  $27,501,443

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

  $8,607,264

• 10c · Land, buildings and equipment, net

  beginning of year $17,775,593 · end of year $18,894,179

• 14 · Intangible assets

  beginning of year $0 · end of year $12,833,173

• 15 · Other assets

  beginning of year $1,023,294 · end of year $7,501,360

• 17 · Accounts payable and accrued expenses

  beginning of year $3,580,198 · end of year $3,437,029

• 19 · Deferred revenue

  end of year $45,833

• 23 · Secured mortgages and notes payable

  beginning of year $10,944,513 · end of year $10,041,596

• 25 · Other liabilities

  beginning of year $2,540,407 · end of year $16,302,276

• 27 · Net assets without donor restrictions

  beginning of year $22,747,112 · end of year $34,690,505

The filer's explanations (Part III)

Part I, Line 7

The bonuses paid to Mark Tecca, Treasurer/Chief Reporting Officer and Tammy Olsen, Controller were based on performance and were approved by the President and reviewed by the finance committee.

Disregarded entities

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

• Oliverian Land & Cattle Co LLC

  Real estate holding company · NH · income $0 · assets $0

  Directly controlled by Becket Academy

• Next Steps Community Services LLC

  Group home management · NH · income $8,960,106 · assets $7,598,969

  Directly controlled by Becket Academy

• Maine School Solutions LLC

  Community/Behavioral Health Agency · ME · income $12,139,821 · assets $8,738,407

  Directly controlled by Becket Academy

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 · 100% owned · share of income $727,559 · share of assets $2,999,500 · controlled entity

  Directly controlled by Becket Academy