Maine Arts Academy
- Assets
- $822.3k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Sidney, ME
- Founding
- 11/2015
- Data as of
- 06/2021
- EIN
- 47-4890021
Organization Overview
Maine Arts Academy is located in Sidney, ME. The organization was established in 2015. 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 06/2021, Maine Arts Academy employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Arts 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 06/2021, Maine Arts Academy generated $3.2m in total revenue. All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 51.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ACADEMY AIMS TO TRANSFORM STUDENTS LIVES AND CONTRIBUTE TO THE CULTURAL CAPITAL OF MAINE BY PROVIDING A HIGH QUALITY, COMPREHENSIVE, COLLEGE PREPARATORY ACADEMIC AND ARTS EDUCATION FOR HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERFORMING ARTS CURRICULUM IN MUSIC, THEATRE AND DANCE WILL INCLUDE LESSONS, TECHNIQUE CLASSES, SMALL AND LARGE GROUP ENSEMBLES, COMPREHENSIVE COURSES IN THEORY, HISTORY, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Heather King Head Of School | Officer | 37.5 | $76,032 |
Richard Durost Vice-President | OfficerTrustee | 1 | $0 |
Sherry Gilbert President | OfficerTrustee | 1 | $0 |
Andrew Landry Treasurer | OfficerTrustee | 1 | $0 |
Linda Warner Secretary | OfficerTrustee | 1 | $0 |
Timothy Rector Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Poland Bus Service Inc Busing | 6/29/21 | $261,578 |
Snow Pond Center For The Arts Professional | 6/29/21 | $241,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,183,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,187,430 |
| Total Program Service Revenue | $11,818 |
| Investment income | $215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,498 |
| 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 | $1,178,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,978 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,950 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,376 |
| Advertising and promotion | $16,386 |
| Office expenses | $100,305 |
| Information technology | $287,941 |
| Royalties | $0 |
| Occupancy | $254,877 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,353 |
| Insurance | $21,626 |
| All other expenses | $32,009 |
| Total functional expenses | $2,690,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,266 |
| Net Land, buildings, and equipment | $171,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,323 |
| Accounts payable and accrued expenses | $113,914 |
| 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 | $39,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $153,042 |
| Net assets without donor restrictions | $634,301 |
| Net assets with donor restrictions | $34,980 |
| 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 | $822,323 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maine Arts Academy has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Oak Grove School East Vassalboro, ME PURPOSE: VISITING ARTIST INITIATIVE | $2,500 |
Melmac Education Foundation Augusta, ME PURPOSE: TGM SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebron Academy Incorporated Hebron, ME | $65,845,494 | $19,279,313 |
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 |