Baxter Academies Of Maine
- Assets
- $4.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 61
- Location
- Portland, ME
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 45-3626229
Organization Overview
Baxter Academies Of Maine is located in Portland, ME. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Baxter Academies Of Maine employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baxter Academies Of Maine 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, Baxter Academies Of Maine generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BAXTER ACADEMIES OF MAINE IS AN EDUCATIONAL INSTITUTION THAT OPERATES PUBLIC CHARTER SCHOOLS IN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAXTER ACADEMY IS A RIGOROUS, COLLEGE-PREPARATORY HIGH SCHOOL PROMOTING STUDENT OWNERSHIP OF LEARNING THROUGH CURRICULUM FOCUSED SPECIFICALLY ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). BAXTER ACADEMY STUDENTS STUDY COMPLEX, REAL-WORLD PROBLEMS, USING AND BUILDING TECHNOLOGICAL TOOLS IN A COLLABORATIVE ENVIRONMENT WITH SCIENTISTS, ENGINEERS AND OTHER PROFESSIONALS. BAXTER ACADEMY SETS HIGH EXPECTATIONS FOR ALL STUDENTS, DEVELOPS SOCIAL RESPONSIBILITY, PROMOTES INNOVATION AND CREATIVITY, AND PRODUCES GRADUATES WITH A 21ST CENTURY GLOBAL PERSPECTIVE. STUDENTS AT BAXTER ACADEMY FOLLOW A STANDARDS-BASED CURRICULUM FOR ENGLISH LANGUAGE ARTS, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND THE ARTS. BAXTER ACADEMY SERVES STUDENTS WITH A STRONG INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. WE OFFER A CHALLENGING COLLEGE-PREPARATORY CURRICULUM FEATURING OUTSTANDING AND INNOCATIVE TEACHERS. OUR TEACHERS HELP GUIDE STUDENTS TO BE PASSIONATE, SELF-DIRECTED LEARNERS BY ENGAGING THEIR INTELLECT AND ENCOURAGING THEIR IMAGINATIONS BY EMBRACING TECHNOLOGY-RICH PROJECT-BASED LEARNING. BAXTER ACADEMY ALSO OFFERS A STRONG HUMANITIES AND FOREIGN LANGUAGE CURRICULUM TO PREPARE STUDENTS TO BE ETHICAL LEADERS IN THE 21ST CENTURY GLOBAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thorn C Dickinson Chair | OfficerTrustee | 10 | $0 |
Ruth Dean Vice Chair | OfficerTrustee | 10 | $0 |
Peter Montano Treasurer | OfficerTrustee | 10 | $0 |
Nik Charov Secretary | OfficerTrustee | 10 | $0 |
Simon Mcgurk Director | Trustee | 10 | $0 |
Jana Lapoint Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,174 |
| Total Program Service Revenue | $4,260,829 |
| Investment income | $43,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,622,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,978,868 |
| Pension plan accruals and contributions | $199,656 |
| Other employee benefits | $306,096 |
| Payroll taxes | $59,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,551 |
| Fees for services: Accounting | $9,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,203 |
| Advertising and promotion | $0 |
| Office expenses | $13,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $410,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,152 |
| Insurance | $20,668 |
| All other expenses | $33,323 |
| Total functional expenses | $4,382,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $288,627 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,434,450 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,564 |
| Net Land, buildings, and equipment | $5,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,621,938 |
| Accounts payable and accrued expenses | $399,740 |
| Grants payable | $0 |
| Deferred revenue | $182,074 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,760,151 |
| Other liabilities | $160,658 |
| Total liabilities | $2,502,623 |
| Net assets without donor restrictions | $2,119,315 |
| Net assets with donor restrictions | $0 |
| 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 | $4,621,938 |