| Form 990, Part VI, Section A, line 2 |
Michael Hodgins, Board President, and Andi Vigue, Trustee, have a family relationship. Elaine Patterson, Trustee, and Gregory Patterson, Trustee, have a family relationship. |
| Form 990, Part VI, Section B, line 11b |
Form 990 is prepared by an outside accounting firm. A complete copy of the form and all schedules is reviewed by the Chief Financial Officer as well as the finance/investment committee. A copy of the core Form 990 including all schedules is then provided to each member of the board of trustees for review. |
| Form 990, Part VI, Section B, line 12c |
Every October, the Organization requires the completion of a conflict of interest disclosure form for any situation that would give rise to a conflict. The Organization maintains records as to who has returned a completed form and the situation in question. |
| Form 990, Part VI, Section B, line 15 |
When determining the compensation levels for the Headmaster of the school, the Organization reviewed documentation from the Independent Schools Association of Northern New England and the National Association of Independent Schools. Salary levels for prior Headmasters, as well as information from other similar schools is also reviewed. The executive administration staff compensation is also based upon documentation from ISANE. |
| Form 990, Part VI, Section C, line 19 |
The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| Form 990, Part X, Line 10: Land, Buildings, and Equipment |
Section 1.263(a)-3(n) Election: Maine Central Institute 295 Main Street Pittsfield, ME 04967 EIN 01-0212438 Maine Central Institute is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). |
| Form 990, Part XI, line 9: |
Changes in Value of Split-Interest Agreements 86,424. |
Attach to Form 990 or 990-EZ.