Axiom Education & Training Center
- Assets
- $38.1k
- Revenue
- $461.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Machias, ME
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 46-5575353
Organization Overview
Axiom Education & Training Center is located in Machias, ME. The organization was established in 2014. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Axiom Education & Training Center 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, Axiom Education & Training Center generated $461.9k 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 (5.7%) each year. All expenses for the organization totaled $430.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. 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
THE ENTITY IS COLLABORATIVE, INNOVATIVE AND TECHNOLOGY DRIVEN ORGANIZATION THAT ADVANCES THE LIFE-LONG EDUCATIONAL AND PROFESSIONAL DEVELOPMENT OF BUSINESSES/RESIDENTS, WHILE STRENGTHENING THE DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE INCOME, GRANTS AND CONTRIBUTION REVENUE - EDUCATION OF 598 STUDENTS THROUGHOUT THE FISCAL YEAR ENDED JUNE 30, 2021.
PAYROLL, BENEFITS, TRAVEL AND INFORMATION TECHNOLOGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan West Chair | OfficerTrustee | 5 | $0 |
Beth Clifford Secretary | Officer | 1 | $0 |
Kate Jans Treasurer | Officer | 1 | $0 |
Betsy Fitzgerald Vice President | Officer | 1 | $0 |
Jennifer Peters Member | Trustee | 1 | $0 |
Nichole Sawyer Member | Trustee | 1 | $0 |
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 | $81,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,543 |
| Total Program Service Revenue | $380,379 |
| Investment income | $0 |
| 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 | $461,922 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $355,345 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,869 |
| Office expenses | $811 |
| Information technology | $1,943 |
| Royalties | $0 |
| Occupancy | $21,839 |
| Travel | $5,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,917 |
| All other expenses | $0 |
| Total functional expenses | $430,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,074 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,090 |
| Accounts payable and accrued expenses | $1,696 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,696 |
| Net assets without donor restrictions | $0 |
| 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 | $36,394 |
| Total liabilities and net assets/fund balances | $38,090 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Axiom Education & Training Center has recieved totaling $90,050.
| Awarding Organization | Amount |
|---|---|
Maine Cancer Foundation Falmouth, ME PURPOSE: Increase access to technology by providing free tablets to cancer patients. | $70,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Employment Preparation | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
New Hampshire Assoc Of Special Education Administrators Inc Concord, NH | $597,509 | $614,462 |
Axiom Education & Training Center Machias, ME | $38,090 | $461,922 |
Northern New England Center For Financial Training Springvale, ME | $383,958 | $502,348 |
Womens Rural Entrepreneurial Network Bethlehem, NH | $244,430 | $329,541 |
Association Of Computer Technology Educators Of Maine Gorham, ME | $431,468 | $232,156 |
Monadnock Art X Tech Peterborough, NH | $88,260 | $264,707 |
Curran Homestead Orrington, ME | $2,707,987 | $129,060 |
Midcoast Literacy Bath, ME | $113,334 | $0 |
College Guild Brunswick, ME | $415,805 | $0 |
Taproot Farm & Environmental Education Center Lancaster, NH | $259,954 | $211,869 |
Midcoast Senior College Brunswick, ME | $284,453 | $0 |