Poland Spring Academy Inc
- Assets
- $187.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Poland, ME
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 01-0527934
Organization Overview
Poland Spring Academy Inc is located in Poland, ME. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Poland Spring Academy Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poland Spring Academy Inc 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, Poland Spring Academy Inc generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $52.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING K-12 EDUCATION FOR LOCAL AREA STUDENTS ON BOTH FULL AND PART TIME BASIS AND PROVIDING ASSISTANCE WITH HOME SCHOOLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Howard Chairman | 30 | $300 | |
Roland Levessaur Clerk | 5 | $0 | |
Tina Levessaur Clerk | 5 | $0 | |
Brian Saucier Clerk | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,739 |
| Total Program Service Revenue | $3,735 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $40 |
| Other Revenue | $12 |
| Total Revenue | $54,526 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $325 |
| Professional fees and other payments to independent contractors | $171 |
| Occupancy, rent, utilities, and maintenance | $1,115 |
| Printing, publications, postage, and shipping | $218 |
| Other expenses | $50,899 |
| Total expenses | $52,728 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $703 |
| Other assets | $0 |
| Total assets | $187,654 |
| Total liabilities | $416,978 |
| Net assets or fund balances | -$229,324 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Poland Spring Academy Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portsmouth Christian Academy Dover, NH | $12,766,893 | $7,753,018 |
Southern Kennebec Child Development Corporation Farmingdale, ME | $2,781,085 | $5,060,719 |
Community Regional Charter School Skowhegan, ME | $5,610,166 | $5,039,649 |
Great Schools Partnership Inc Portland, ME | $2,885,040 | $4,696,809 |
Breakwater Learning Portland, ME | $5,120,298 | $3,833,883 |
Crossroads Academy Lyme, NH | $13,900,785 | $2,944,228 |
Maine Academy Of Natural Sciences Hinckley, ME | $1,958,998 | $3,873,648 |
Maine Arts Academy Sidney, ME | $822,323 | $3,238,498 |
Sant Bani School Sanbornton, NH | $10,328,567 | $4,768,963 |
Hope For Tomorrow Foundation Portsmouth, NH | $17,351,859 | $7,594,736 |
Haystack Mountain School Of Crafts Deer Isle, ME | $17,426,077 | $2,373,447 |
Microsociety Academy Charter School Foundation Nashua, NH | $3,694,888 | $2,307,317 |