Atlantic Academy
- Assets
- $87.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Rockport, ME
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 82-2047876
Organization Overview
Atlantic Academy is located in Rockport, ME. The organization was established in 2019. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Atlantic Academy employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic 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 06/2022, Atlantic Academy generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 20.6% per year over the past 4 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
SEEK TO ESTABLISH AN EDUCATIONAL ENVIRONMENT FOR STUDENTS WITH SPECIAL NEEDS THAT IS GUIDED BY A BELIEF THAT ALL STUDENTS HAVE THE CAPACITY TO SUCCEED AND BE PRODUCTIVE MEMBERS OF THEIR COMMUNITY, GIVEN CAREFUL SUPPORT, AND CONSISTENT IMPLEMENTATION OF POSITIVE, EVIDENCE-BASED PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SPECIAL PURPOSE PRIVATE SCHOOL (SPPS), APPROVED BY THE STATE OF MAINE DEPARTMENT OF EDUCATION THAT SPECIALIZES IN PROVIDING EDUCATION AND TREATMENT TO STUDENTS WITH AUTISM, AND EMOTIONAL AND BEHAVIORAL DISORDERS. THE SCHOOL OPERATES YEAR ROUND IN THE MID COAST REGION OF MAINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jedediah Schwalm President | OfficerTrustee | 40 | $87,254 |
Roger Akeley Director | OfficerTrustee | 0.25 | $0 |
Dennis Grannis-Phoenix Director | OfficerTrustee | 0.25 | $0 |
Richard Olson Secretary | OfficerTrustee | 0.25 | $0 |
Cyndi Prince Director | OfficerTrustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,468,975 |
| 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 | $1,469,912 |
| 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. | $110,879 |
| Compensation of current officers, directors, key employees. | $110,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $960,847 |
| Pension plan accruals and contributions | $15,758 |
| Other employee benefits | $44,024 |
| Payroll taxes | $93,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,268 |
| Fees for services: Accounting | $5,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,098 |
| Office expenses | $3,197 |
| Information technology | $6,251 |
| Royalties | $0 |
| Occupancy | $76,881 |
| Travel | $15,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,395 |
| Insurance | $17,213 |
| All other expenses | $81,943 |
| Total functional expenses | $1,568,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,560 |
| 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 | $17,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $66 |
| Other assets | $1,500 |
| Total assets | $87,939 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,182 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,479 |
| Total liabilities | $127,661 |
| 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 | -$39,722 |
| Total liabilities and net assets/fund balances | $87,939 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monarch School Of New England Rochester, NH | $7,136,656 | $8,079,151 |
Pine Tree Society Inc Bath, ME | $39,794,390 | $13,670,017 |
Cedarcrest Inc Keene, NH | $21,669,705 | $10,252,863 |
Aquifer Inc Lebanon, NH | $13,050,685 | $7,225,333 |
Regional Services And Education Center Inc Amherst, NH | $5,370,032 | $5,343,714 |
Pine Haven Boys Center Allenstown, NH | $4,200,715 | $4,940,463 |
Southeastern Regional Education Service Center Inc Bedford, NH | $1,482,703 | $4,198,100 |
Maine Special Education Mental New Gloucester, ME | $3,166,975 | $3,793,133 |
The Oliveran School Inc Pike, NH | $4,973,476 | $3,473,816 |
Day Orion Individual Treatment Inc Newport, NH | $1,563,806 | $2,674,494 |
Atlantic Academy Rockport, ME | $87,939 | $1,469,912 |
Lecole Francaise Du Maine South Freeport, ME | $1,082,609 | $1,485,232 |