Foxcroft Academy Trustees
- Assets
- $30.9m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 134
- Location
- Doverfoxcroft, ME
- Founding
- 05/1972
- Data as of
- 06/2021
- EIN
- 01-0246278
Organization Overview
Foxcroft Academy Trustees is located in Doverfoxcroft, ME. The organization was established in 1972. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Foxcroft Academy Trustees employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foxcroft Academy Trustees 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 06/2021, Foxcroft Academy Trustees generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECONDARY EDUCATION
Describe the Organization's Program Activity:
THE TRUSTEES OF FOXCROFT ACADEMY OPERATE A PRIVATE SECONDARY SCHOOL WHICH CONTRACTS TO PROVIDE COMPREHENSIVE SECONDARY EDUCATION TO ALL STUDENTS IN RURAL SCHOOL UNIT (RSU) #68, OTHER LOCAL COMMUNITIES WITH NO SECONDARY SCHOOL AND SOME PRIVATE INDIVIDUALS, INCLUDING BOARDING STUDENTS. CO-CURRICULAR PROGRAMS FORM AN INTEGRAL PART OF THAT EDUCATION. TOTAL STUDENT POPULATION FOR FY21 WAS 362.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold Shorey Head Of School | Officer | 40 | $233,853 |
Daniel White CFO | Officer | 40 | $144,887 |
Jason Tardy Admissions Director | 40 | $109,672 | |
Peter Ingraham Director Of Major Gifts | 40 | $100,740 | |
Richard Swett MD President | OfficerTrustee | 1 | $0 |
Jason Frederick Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Service Co Llc Capital Campaign Services | 6/29/19 | $178,627 |
Rowells Transportation Llc Transportation: Students | 6/29/19 | $130,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $860,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,441 |
| Noncash contributions included in lines 1a–1f | $27,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,517,288 |
| Total Program Service Revenue | $7,176,487 |
| Investment income | $255,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,035,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,314,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $398,401 |
| Compensation of current officers, directors, key employees. | $398,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,697,818 |
| Pension plan accruals and contributions | $162,634 |
| Other employee benefits | $1,355,779 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,580 |
| Fees for services: Accounting | $20,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,872 |
| Fees for services: Other | $509,037 |
| Advertising and promotion | $123,877 |
| Office expenses | $189,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $594,186 |
| Travel | $73,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $374,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $766,556 |
| Insurance | $0 |
| All other expenses | $156,391 |
| Total functional expenses | $10,205,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,816 |
| Savings and temporary cash investments | $45,190 |
| Pledges and grants receivable | $761,177 |
| Accounts receivable, net | $398,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,486 |
| Prepaid expenses and deferred charges | $158,367 |
| Net Land, buildings, and equipment | $15,042,395 |
| Investments—publicly traded securities | $14,039,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,930,930 |
| Accounts payable and accrued expenses | $1,050,709 |
| Grants payable | $0 |
| Deferred revenue | $285,782 |
| Tax-exempt bond liabilities | $11,171,474 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $542,682 |
| Unsecured mortgages and notes payable | $877,167 |
| Other liabilities | $510,842 |
| Total liabilities | $14,438,656 |
| Net assets without donor restrictions | $11,483,453 |
| Net assets with donor restrictions | $5,008,821 |
| 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 | $30,930,930 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foxcroft Academy Trustees has recieved totaling $67,205.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Secondary & High Schools, Music Programs, Scholarships | $28,205 |
Endowment Analysis
| Beg. Balance | $4,224,550 |
| Earnings | $115,960 |
| Admin Expense | $27,365 |
| Net Contributions | $8,845 |
| Other Expense | $120,050 |
| Grants | $78,475 |
| Ending Balance | $4,123,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cardigan Mountain School Canaan, NH | $84,289,031 | $28,636,102 |
Foxcroft Academy Trustees Doverfoxcroft, ME | $30,930,930 | $10,035,137 |
Windham Woods School Inc Windham, NH | $2,214,260 | $4,272,703 |
Heronfield Academy Hampton Falls, NH | $4,518,755 | $2,844,052 |
Concord Christian Academy Concord, NH | $7,667,572 | $2,468,299 |
Cornerstone School Stratham, NH | $2,866,485 | $1,995,588 |
Mount Royal Academy Inc Sunapee, NH | $546,568 | $2,073,100 |
Well Peterborough, NH | $2,513,503 | $1,671,636 |
Surry Village Charter School Surry, NH | $143,773 | $1,306,901 |
Monadnock Waldorf School Keene, NH | $699,021 | $1,114,334 |
Bay School Blue Hill, ME | $2,449,800 | $1,139,343 |
Northeast Woodland Chartered Public School Conway, NH | $310,320 | $1,298,955 |