2026-02-04T14:55:58-05:00 2025-06-30 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DR SOUTH PORTLAND ME 04106 990 2024-07-01 010219126 LINCOLN ACADEMY LINC 2075633596 81 ACADEMY HILL NEWCASTLE ME 04553 WENDY CORLETT CFO 2075633596 2026-02-03 true true AMY CHASSE P00967183 2077732986 2026-02-03 2024 2025-03-06 01:10:19Z WENDY CORLETT 81 ACADEMY HILL NEWCASTLE ME 04553 13183455 false X WWW.LINCOLNACADEMY.ORG X 1801 ME GROUNDED IN COMMUNITY, GLOBAL IN VISION, AND RICH IN OPPORTUNITY, LINCOLN ACADEMY CHALLENGES ALL STUDENTS TO GROW IN SKILLS AND SCHOLARSHIP, SERVE OTHERS, AND LEAD FULFILLING LIVES. 16 16 207 10 0 527105 473920 10294311 11771393 154452 232219 255801 193719 11231669 12671251 948590 1053890 0 7843928 8222436 0 201297 4039033 4709930 12831551 13986256 -1599882 -1315005 25021914 24223170 9745967 9409805 15275947 14813365 GROUNDED IN COMMUNITY, GLOBAL IN VISION, AND RICH IN OPPORTUNITY, LINCOLN ACADEMY CHALLENGES ALL STUDENTS TO GROW IN SKILLS AND SCHOLARSHIP, SERVE OTHERS, AND LEAD FULFILLING LIVES. false false 8959230 1053890 11771393 LINCOLN ACADEMY IS A TOWN ACADEMY HIGH SCHOOL FOR SCHOOLS IN THE REGION THAT HAVE SCHOOL CHOICE FOR THEIR HIGH SCHOOL. WE ALSO SERVICE DOMESTIC AND INTERNATIONAL RESIDENTIAL STUDENT PROGRAMS. 8959230 true true false false false false false false true true true false false false true true true false true false false false true false false false false false true true true false false false false false false false false false true false false false false false false false false false true 21 0 true 207 true false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true false true true false X X X WENDY CORLETT 2075633596 81 ACADEMY HILL NEWCASTLE ME 04553 JEFFREY BURROUGHS HEAD OF SCHO 50.00 X 196246 0 40049 WENDY CORLETT CFO 50.00 X 127475 0 33946 CINDY WADE CHAIR 5.00 X X 0 0 0 JUDI HILTON VICE CHAIR 2.00 X X 0 0 0 FAUSTINE RENY SECRETARY 2.00 X X 0 0 0 PAUL ANDERSON TRUSTEE 1.00 X 0 0 0 NANCY STARMER TRUSTEE 1.00 X 0 0 0 STEVEN HUFNAGEL TRUSTEE 1.00 X 0 0 0 JILL GRIFFIN TRUSTEE 1.00 X 0 0 0 SAM BELKNAP TRUSTEE 1.00 X 0 0 0 CHRISTOPHER OLSON TRUSTEE 1.00 X 0 0 0 JULIET KELSEY-HOLMES TRUSTEE 1.00 X 0 0 0 SARA MITCHELL TRUSTEE 1.00 X 0 0 0 JOHN ERAKLIS TRUSTEE 1.00 X 0 0 0 DAVID FIELDS TRUSTEE 1.00 X 0 0 0 SARAH MAURER TRUSTEE 1.00 X 0 0 0 ELIZABETH STORER TRUSTEE 1.00 X 0 0 0 JENNIFER RIBEIRO TRUSTEE 1.00 X 0 0 0 323721 73995 2 false true false ROBINS CONSTRUCTION PO BOX 357 JEFFERSON ME 04348 CONTRACTOR 228700 1 473920 473920 TUITION AND FEES 611600 11440993 11440993 CAFETERIA 900099 253723 253723 BILLED TRANSPORTATION 611710 69080 69080 STUDENT APPLICATION FEES 900099 7597 7597 11771393 160548 160548 3400 3400 3400 3400 583875 512204 71671 71671 71671 MISCELLANEOUS 900099 147720 147720 REFUNDS 900099 28811 28811 REIMBURSEMENTS 900099 13788 13788 190319 12671251 11965112 232219 128565 128565 925325 925325 402676 191484 187257 23935 6068147 4749516 1237483 81148 369657 258330 102249 9078 1294978 985193 309785 86978 65738 19330 1910 44716 44716 19500 19500 46636 46636 294911 74734 216382 3795 72292 61799 10493 349035 133080 186128 29827 84953 75551 220 9182 364038 364038 49392 44859 2715 1818 290789 290789 1133804 1133804 168680 168680 MAINTENANCE 532559 197685 323035 11839 ANNUAL GIVING 402300 402300 CAFETERIA 398653 398653 OTHER 212680 96230 113408 3042 244992 170188 49081 25723 13986256 8959230 4825729 201297 52105 46819 402022 604143 21925 4147 113396 65172 6582 6163 189732 155446 29161021 17093912 12782817 12067109 10931989 10801113 521346 473058 25021914 24223170 897028 907544 600933 541386 7506562 7194199 137351 104960 604093 661716 9745967 9409805 X 4192435 4042941 11083512 10770424 15275947 14813365 25021914 24223170 X -1315005 852423 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 7518579 3900 707940 121808 304689 7803922 6985905 44200 867913 170614 208825 7518579 6766565 9950 616211 203169 203652 6985905 8211518 58631 -832416 266285 404883 6766565 7066360 21536 1404374 71673 172345 8211518 0.28660 0.46700 0.24640 false false 262705 262705 20110472 9773495 10336977 3968068 3844441 123627 4819776 3475976 1343800 12067109 RIGHT OF USE LIABILITY - FINANCE 431361 ACCRUED HEALTH INSURANCE RESERVE 230355 661716 X 12551713 852423 852423 11699290 46636 925325 971961 12671251 13014295 13014295 46636 925325 971961 13986256 SCHEDULE D, PAGE 2, PART IV, LINE 2B CUSTODIAL LIABILITY FOR STUDENT ACTIVITY FUNDS. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ACADEMY'S CURRENT POLICY IS TO DRAW AMOUNTS FROM ITS ENDOWMENT ANNUALLY FOR USE IN FURTHERING ITS OPERATING ACTIVITIES AS WELL AS TO PROVIDE FOR CERTAIN SCHOLARSHIP PAYMENTS. SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY IF THE ACADEMY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 4B TUITION REDUCTION 925,325 SCHEDULE D, PAGE 4, PART XII, LINE 4B TUITION REDUCTION 925,325 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 6 THE ACADEMY PARTICIPATES IN THE GOVERNMENT FREE AND REDUCED LUNCH PROGRAM ON BEHALF OF OUR STUDENTS. TUITION REDUCTION EAST ASIA AND THE PACIFIC - AUSTRALIA, B 14 345685 TUITION REDUCTI REDUCTION TUITION REDUCTION EUROPE (INCLUDING ICELAND & GREENLAND) - 23 458045 TUITION REDUCTI REDUCTION TUITION REDUCTION SOUTH AMERICA 2 18000 TUITION REDUCTI REDUCTION TUITION REDUCTION SUB-SAHARAN AFRICA 2 47195 TUITION REDUCTI REDUCTION TUITION REDUCTION RUSSIA AND NEIGHBORING STATES 3 56400 TUITION REDUCTI REDUCTION false false false false false false SCHEDULE F, PAGE 5, PART V THE ACADEMY PROVIDES FINANCIAL AID TO HELP WITH TUITION COSTS FOR SOME OF OUR STUDENTS. THESE FUNDS DO NOT GO TO THE STUDENT BUT ARE NETTED AGAINST THE AMOUNT OF THE TUITION COSTS. true SCHOLARSHIPS 122 112705 TUITION REMISSION 8 15860 DIRECT REDUCTIO SCHEDULE I, PAGE 1, PART I, LINE 2 THE ACADEMY AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING POST-SECONDARY EDUCATION. A SCHOLARSHIP COMMITTEE IS FORMED TO SELECT STUDENTS BASED ON THE CRITERIA FOR EACH SCHOLARSHIP. THE ACADEMY REQUIRES PROOF OF COMPLETION OF AT LEAST ONE SEMESTER OF COLLEGE PRIOR TO RELEASING THE FUNDS. X X X false false false false false false false false false JEFFREY BURROUGHS HEAD OF SCHOOL 196246 8645 31404 236295 WENDY CORLETT CFO 127475 12748 21198 161421 A TOWN OF NEWCASTLE MAINE 016000128 2017-10-26 9418151 REFINANCE OUTSTANDING CAPITAL IMPROVEMENT DEBT. false false false A 9418151 124565 false false true true A false false false false false false false A false false false false true false false false false A true PURPOSE OF ISSUE DESCRIPTION TOWN OF NEWCASTLE, MAINE REFINANCE OUTSTANDING CAPITAL IMPROVEMENT DEBT. FAUSTINE RENY TRUSTEE 473 PURCHASE OF GOODS false ELIZABETH STORER TRUSTEE 12000 TRAINING SERVICES false WILLIAM MORGNER TRUSTEE 9194 PURCHASE OF GOODS false MELLISSA BURROUGHS HOS WIFE 3375 TENNIS COACH false SCHEDULE L, PART V A) NAME OF PERSON: FAUSTINE RENY B) RELATIONSHIP: FAUSTINE RENY, TRUSTEE, IS A PRINCIPAL OF RENY'S, INC. C) AMOUNT: 473 D) DESCRIPTION: PURCHASE OF VARIOUS GOODS E) SHARING OF REVENUES: NO --- A) NAME OF PERSON: ELIZABETH STORER B) RELATIONSHIP: ELIZABETH STORER, TRUSTEE, IS AN EMPLOYEE OF R.J. ENTERPRISES, INC. C) AMOUNT: 12,000 D) DESCRIPTION: TRAINING SERVICES PROVIDED E) SHARING OF REVENUES: NO --- A) NAME OF PERSON: WILLIAM MORGNER B) RELATIONSHIP: WILLIAM MORGNER, TRUSTEE, IS PRESIDENT/CO-OWNER OF MIDCOAST ENERGY. C) AMOUNT: 9,194 D) DESCRIPTION: PURCHASE OF VARIOUS GOODS E) SHARING OF REVENUES: NO --- A) NAME OF PERSON: MELLISSA BURROUGHS B) RELATIONSHIP: MELLISSA BURROUGHS, GIRLS TENNIS COACH, IS THE WIFE TO THE HEAD OF SCHOOL C) AMOUNT: 3,375 D) DESCRIPTION: AMOUNT PAID FOR COACHING GIRLS TENNIS E) SHARING OF REVENUES: NO FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS PREPARED BY THE ACADEMY'S INDEPENDENT AUDIT AND ACCOUNTING FIRM, AFTER WHICH A DRAFT OF THE RETURN WAS PROVIDED TO AND REVIEWED BY THE FINANCE COMMITTEE AND THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE AS ANY CONFLICTS OCCUR. THIS IS REGULATED THROUGH SUB-COMMITTEES AS POTENTIAL CONFLICTS ARISE. THE BOARD IS MADE AWARE OF ANY CONFLICTS IN ITS REGULAR MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF HEAD OF SCHOOL IS DETERMINED BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH HIS ANNUAL REVIEW AND CONTRACT RENEWAL WITH CONSIDERATION OF COMPARABLE COMPENSATION FOUND IN OTHER SIMILAR INSTITUTIONS. FORM 990, PAGE 6, PART VI, LINE 15B HEAD OF SCHOOL RECOMMENDS PAY FOR ALL OTHER POSITIONS WHICH THE BOARD APPROVES THROUGH THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 TUITION REDUCTION -925,325 TUITION REDUCTION 925,325 FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.