Marin Academy
- Assets
- $120.4m
- Revenue
- $34.3m
- Investments
- $0.0
- Employees
- 168
- Location
- San Rafael, CA
- Founding
- 08/1946
- Data as of
- 06/2024
- EIN
- 94-1186189
Organization Overview
Marin Academy is located in San Rafael, CA. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2024, Marin Academy employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin 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 06/2024, Marin Academy generated $34.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $32.1m during the year ending 06/2024. While expenses have increased by 5.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREPARATORY HIGH SCHOOL LOCATED IN SAN RAFAEL, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIN ACADEMY (MA) IS A CO-EDUCATIONAL INDEPENDENT HIGH SCHOOL SERVING GRADES 9-12. THE SCHOOL ENROLLS APPROXIMATELY 450 STUDENTS EACH YEAR. MARIN ACADEMY PROVIDES STUDENTS WITH A SOLID FOUNDATION IN TRADITIONAL ACADEMIC SUBJECTS IN A COLLEGE-PREPARATORY PROGRAM. WITH A COMMITMENT TO EXPERIENTIAL EDUCATION, MA BELIEVES THAT HEALTHY, CHALLENGING EXPERIENCES BOTH INSIDE AND OUTSIDE THE CLASSROOM ARE ESSENTIAL FOR TAKING ADOLESCENTS TO AND BEYOND INTELLECTUAL AND THEORETICAL KNOWLEDGE. CRITICAL THINKING (INFORMED, INDEPENDENT, COLLABORATIVE AND CREATIVE) IS A HALLMARK OF THE MARIN ACADEMY EXPERIENCE. AT MA, STUDENTS THRIVE IN A SUPPORTIVE, COMPASSIONATE ENVIRONMENT, WHICH PROMOTES FRIENDLY, OPEN DIALOGUE (CONT. ON SCH. O)BASED ON RESPECT AND TRUST. DURING THE COURSE OF THEIR STUDIES, MARIN ACADEMY STUDENTS EXPLORE COMPLEX IDEAS AND DIVERSE PERSPECTIVES, TEST THEIR VALUES AND JUDGMENTS, AND MAKE THEIR OWN DISCOVERIES. MARIN ACADEMY ASKS EACH INDIVIDUAL TO RECOGNIZE OUR SHARED RESPONSIBILITY TO INSPIRE AND FOSTER A PURPOSEFULLY DIVERSE, EQUITABLE AND JUST COMMUNITY, WHERE STUDENTS AND ADULTS OF VARIED BACKGROUNDS, BELIEFS, ATTRIBUTES AND ABILITIES RELATE TO ONE ANOTHER AS INDIVIDUALS WORTHY OF RESPECT. FURTHER, THE SCHOOL EMBRACES OUR RESPONSIBILITY TO PROMOTE, BOTH WITHIN AND BEYOND THE BOUNDARIES OF MA, THE VALUES INHERENT IN A DEMOCRATIC SOCIETY. THE AVERAGE CLASS SIZE IS 15. MARIN ACADEMY'S CO-CURRICULAR PROGRAMS INCLUDE AN AMBITIOUS OUTDOOR EDUCATION PROGRAM, A SERVICE LEARNING PROGRAM, A REQUIRED WEEK OF EXPERIMENTAL EDUCATION EACH SPRING, AND A HIGHLY-DEVELOPED INTERSCHOLASTIC ATHLETIC PROGRAM. THE SCHOOL ALSO SUPPORTS THE NEED FOR ONGOING GROWTH AND CHALLENGES FOR ITS STUDENTS THROUGH A NUMBER OF SPECIAL PROGRAMS INCLUDING: INDEPENDENT STUDY, SENIOR PROJECTS, INTERNATIONAL STUDIES, AND STUDY ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Brownley Head Of School | OfficerTrustee | 40 | $599,305 |
Marisa Gomez Trustee/teacher | Trustee | 40 | $168,415 |
Kevin Rees Trustee/teacher | Trustee | 40 | $170,058 |
Paul Levitan Board Chair | OfficerTrustee | 2 | $0 |
David Corey Vice Chair | OfficerTrustee | 2 | $0 |
Robert Brown Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epicurean Group Catering | 6/29/24 | $389,331 |
Indoor Environmental Services Hvac | 6/29/24 | $376,718 |
Peak Building Services Janitorial | 6/29/24 | $301,594 |
Bauers Intelligent Transportation Inc Transportation | 6/29/24 | $292,830 |
Apollo Building & Roofing Group Inc Roofing | 6/29/24 | $229,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,477 |
| Related organizations | $0 |
| Government grants | $2,599,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,214,306 |
| Noncash contributions included in lines 1a–1f | $357,756 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,929,467 |
| Total Program Service Revenue | $27,494,091 |
| Investment income | $1,544,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $244,294 |
| Net Gain/Loss on Asset Sales | -$7,783 |
| Net Income from Fundraising Events | $85,340 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,241 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,288,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,062,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,334,175 |
| Compensation of current officers, directors, key employees. | $1,334,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,222,589 |
| Pension plan accruals and contributions | $873,782 |
| Other employee benefits | $2,208,270 |
| Payroll taxes | $1,047,806 |
| Fees for services: Management | $353,745 |
| Fees for services: Legal | $151,334 |
| Fees for services: Accounting | $47,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,731 |
| Fees for services: Other | $5,681 |
| Advertising and promotion | $86,993 |
| Office expenses | $348,106 |
| Information technology | $545,894 |
| Royalties | $0 |
| Occupancy | $2,520,560 |
| Travel | $24,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $232,680 |
| Interest | $725,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,774,495 |
| Insurance | $289,090 |
| All other expenses | $343,708 |
| Total functional expenses | $32,056,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,002,648 |
| Savings and temporary cash investments | $16,906,248 |
| Pledges and grants receivable | $3,227,914 |
| Accounts receivable, net | $13,621,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,645 |
| Prepaid expenses and deferred charges | $883,746 |
| Net Land, buildings, and equipment | $55,593,548 |
| Investments—publicly traded securities | $26,123,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,372,892 |
| Accounts payable and accrued expenses | $1,372,475 |
| Grants payable | $0 |
| Deferred revenue | $12,403,867 |
| Tax-exempt bond liabilities | $25,175,302 |
| 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 | $11,203,802 |
| Total liabilities | $50,155,446 |
| Net assets without donor restrictions | $41,260,242 |
| Net assets with donor restrictions | $28,957,204 |
| 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 | $120,372,892 |