Erskine Academy
- Assets
- $15.4m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 148
- Location
- South China, ME
- Founding
- 03/1975
- Data as of
- 06/2023
- EIN
- 01-0245261
Organization Overview
Erskine Academy is located in South China, ME. The organization was established in 1975. 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 06/2023, Erskine Academy employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erskine 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 06/2023, Erskine Academy generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION PROVIDES A QUALITY EDUCATION TO STUDENTS WHICH ENABLES THEM TO ACHIEVE THEIR POTENTIAL AND REALIZE THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERSKINE ACADEMY IS A PRIVATE NON PROFIT HIGH SCHOOL FOR GRADES 9-12. APPROXIMATELY 564 STUDENTS ATTENDED THE SCHOOL DURING THE 2022-2023 SCHOOL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Blanchard Board Member | OfficerTrustee | 1 | $0 |
Todd Cummings Co-Vice President | OfficerTrustee | 1 | $0 |
Brenda Drummond Co-Vice President | OfficerTrustee | 1 | $0 |
Matthew Clark Secretary | OfficerTrustee | 1 | $0 |
Regan Tyler Treasurer | OfficerTrustee | 1 | $0 |
Michael Mcquarrie Headmaster | Officer | 48 | $210,879 |
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 | $27,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,534 |
| Total Program Service Revenue | $8,636,395 |
| Investment income | $327,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,050,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,072 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,879 |
| Compensation of current officers, directors, key employees. | $63,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,575,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $998,914 |
| Payroll taxes | $132,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,366 |
| Fees for services: Other | $0 |
| Advertising and promotion | $877 |
| Office expenses | $14,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,819 |
| Insurance | $148,266 |
| All other expenses | $301,264 |
| Total functional expenses | $8,388,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,399,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,461 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,701,338 |
| Investments—publicly traded securities | $8,229,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,315 |
| Total assets | $15,391,632 |
| Accounts payable and accrued expenses | $71,218 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $318,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $876,549 |
| Total liabilities | $1,266,467 |
| Net assets without donor restrictions | $13,290,593 |
| Net assets with donor restrictions | $834,572 |
| 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 | $15,391,632 |