North Yarmouth Academy
- Assets
- $20.1m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 172
- Location
- Yarmouth, ME
- Founding
- 04/1952
- Data as of
- 06/2022
- EIN
- 01-0211536
Organization Overview
North Yarmouth Academy is located in Yarmouth, ME. The organization was established in 1952. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, North Yarmouth Academy employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Yarmouth Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, North Yarmouth Academy generated $17.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $12.9m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF GRADES TODDLER THROUGH 12
Describe the Organization's Program Activity:
THE ACADEMY OPERATES A PRIVATE DAY SCHOOL IN YARMOUTH, MAINE WITH APPROXIMATELY 380 STUDENTS FROM TODDLER THROUGH TWELFTH GRADE.THE NORTH YARMOUTH ACADEMY PROGRAM ENCOURAGES STUDENTS TO DEVELOP:1. PROBLEM-SOLVING SKILLS BASED ON SOUND ANALYTICAL AND CREATIVE THOUGHT2. SOPHISTICATION IN WRITING, SPEAKING AND ARTISTIC EXPRESSION3. APPRECIATION FOR THE IMPORTANCE OF ATHLETIC ACTIVITY, TEAMWORK AND COOPERATION4. SELF-CONFIDENCE AND SELF-RESPECT THROUGH A BREADTH OF EXPERIENCES THAT EXTEND BEYOND THE CLASSROOM5. CONCERN FOR THE LARGER COMMUNITY AND AN APPRECIATION FOR THE NATURAL ENVIRONMENT6. DESIRE TO CONTINUE THE PROCESS OF LIFELONG LEARNING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Jackson Head Of School | Officer | 50 | $222,303 |
Jennifer Richard Director Of Development | 50 | $121,797 | |
Eric Austin Head Of Upper School | 50 | $112,872 | |
Marissa Markonish Head Of Lower And Middle Schools | 50 | $110,071 | |
Garrett Bowne Chief Financial Officer | Officer | 50 | $89,288 |
Linda Manchester President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Services Co Inc Feasibility Study For Capital Campaign | 6/29/22 | $190,063 |
Scott Simons Architects Llc Preparation Of Design And Construction D | 6/29/22 | $184,505 |
Drive Brand Studio Marketing And Advertising Services | 6/29/22 | $101,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,607,202 |
| Noncash contributions included in lines 1a–1f | $553,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,607,202 |
| Total Program Service Revenue | $11,905,977 |
| Investment income | $85,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$34,972 |
| Net Gain/Loss on Asset Sales | -$345,072 |
| Net Income from Fundraising Events | -$4,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,214,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,603,767 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $346,566 |
| Compensation of current officers, directors, key employees. | $346,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,695,843 |
| Pension plan accruals and contributions | $126,144 |
| Other employee benefits | $601,835 |
| Payroll taxes | $376,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,951 |
| Fees for services: Accounting | $31,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $190,063 |
| Fees for services: Investment Management | $5,199 |
| Fees for services: Other | $86,715 |
| Advertising and promotion | $138,688 |
| Office expenses | $402,839 |
| Information technology | $87,073 |
| Royalties | $0 |
| Occupancy | $472,191 |
| Travel | $142,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,151 |
| Interest | $60,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651,325 |
| Insurance | $134,692 |
| All other expenses | $0 |
| Total functional expenses | $12,853,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $3,737,897 |
| Pledges and grants receivable | $1,509,320 |
| Accounts receivable, net | $84,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,231 |
| Net Land, buildings, and equipment | $12,134,126 |
| Investments—publicly traded securities | $2,219,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $369,844 |
| Total assets | $20,098,579 |
| Accounts payable and accrued expenses | $1,195,273 |
| Grants payable | $0 |
| Deferred revenue | $970,905 |
| Tax-exempt bond liabilities | $177,796 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,389,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,733,295 |
| Net assets without donor restrictions | $9,004,194 |
| Net assets with donor restrictions | $7,361,090 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,098,579 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that North Yarmouth Academy has recieved totaling $100,688.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $47,500 |
Vincent B And Barbara G Welch Supporting Organization Ellsworth, ME PURPOSE: Fitness and Wellness Facility | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,068 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Chess Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $2,500 |
Melmac Education Foundation Augusta, ME PURPOSE: TGM SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $2,467,135 |
| Earnings | -$346,550 |
| Net Contributions | $335,207 |
| Other Expense | $60,000 |
| Ending Balance | $2,395,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proctor Academy Andover, NH | $88,196,091 | $31,542,996 |
Trustees Of Thornton Academy Saco, ME | $58,151,503 | $34,768,961 |
Brewster Academy Wolfeboro, NH | $85,558,593 | $32,925,691 |
Holderness School Plymouth, NH | $142,642,933 | $29,127,252 |
New Hampton School New Hampton, NH | $98,204,733 | $28,171,806 |
Kimball Union Academy Meriden, NH | $123,763,402 | $26,647,402 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Gould Academy Bethel, ME | $51,802,466 | $16,747,864 |
Kents Hill School Kents Hill, ME | $53,732,644 | $12,333,982 |
The Trustees Of Fryeburg Academy Fryeburg, ME | $79,323,577 | $20,722,502 |
Coe-Brown Northwood Academy Northwood, NH | $14,207,279 | $13,826,653 |