North Yarmouth Academy
- Assets
- $20.6m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 185
- Location
- Yarmouth, ME
- Founding
- 04/1952
- Data as of
- 06/2023
- EIN
- 01-0211536
Organization Overview
North Yarmouth Academy is located in Yarmouth, ME. The organization was established in 1952. 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 06/2023, North Yarmouth Academy employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Yarmouth 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 06/2023, North Yarmouth Academy generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $14.0m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF GRADES TODDLER THROUGH 12
Describe the Organization's Program Activity:
THE ACADEMY OPERATES A PRIVATE DAY SCHOOL IN YARMOUTH, MAINE WITH APPROXIMATELY 380 STUDENTS FROM TODDLER THROUGH TWELFTH GRADE.THE NORTH YARMOUTH ACADEMY PROGRAM ENCOURAGES STUDENTS TO DEVELOP:1. PROBLEM-SOLVING SKILLS BASED ON SOUND ANALYTICAL AND CREATIVE THOUGHT2. SOPHISTICATION IN WRITING, SPEAKING AND ARTISTIC EXPRESSION3. APPRECIATION FOR THE IMPORTANCE OF ATHLETIC ACTIVITY, TEAMWORK AND COOPERATION4. SELF-CONFIDENCE AND SELF-RESPECT THROUGH A BREADTH OF EXPERIENCES THAT EXTEND BEYOND THE CLASSROOM5. CONCERN FOR THE LARGER COMMUNITY AND AN APPRECIATION FOR THE NATURAL ENVIRONMENT6. DESIRE TO CONTINUE THE PROCESS OF LIFELONG LEARNING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Manchester President | OfficerTrustee | 1 | $0 |
James Cabot Vice President | OfficerTrustee | 1 | $0 |
Barbara Marr Secretary | OfficerTrustee | 1 | $0 |
Jason Currier Treasurer | OfficerTrustee | 1 | $0 |
Nick Alberding Trustee | Trustee | 1 | $0 |
Freddie Daniel Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hebert Construction Llc General Construction Contractor And Proj | 6/29/23 | $3,264,389 |
Community Counseling Service Co Inc Feasibility Study For Capital Campaign | 6/29/23 | $203,038 |
Scott Simons Architects Llc Preparation Of Design And Construction D | 6/29/23 | $159,101 |
Specialty Services Corp Maintence Of Hvac Systems And Conversion | 6/29/23 | $137,431 |
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 | $1,475,293 |
| Noncash contributions included in lines 1a–1f | $656,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,475,293 |
| Total Program Service Revenue | $12,229,608 |
| Investment income | $119,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$49,634 |
| Net Gain/Loss on Asset Sales | -$81,867 |
| Net Income from Fundraising Events | $20,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,713,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,854,648 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,269 |
| Compensation of current officers, directors, key employees. | $317,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,150,712 |
| Pension plan accruals and contributions | $135,617 |
| Other employee benefits | $646,651 |
| Payroll taxes | $403,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,020 |
| Fees for services: Accounting | $39,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $58,736 |
| Fees for services: Investment Management | $5,132 |
| Fees for services: Other | $169,088 |
| Advertising and promotion | $138,124 |
| Office expenses | $443,538 |
| Information technology | $104,048 |
| Royalties | $0 |
| Occupancy | $625,364 |
| Travel | $118,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,103 |
| Interest | $71,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $809,741 |
| Insurance | $152,475 |
| All other expenses | $0 |
| Total functional expenses | $13,953,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $1,707,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,294 |
| 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 | $126,890 |
| Net Land, buildings, and equipment | $15,772,526 |
| Investments—publicly traded securities | $2,513,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $411,623 |
| Total assets | $20,621,030 |
| Accounts payable and accrued expenses | $1,350,011 |
| Grants payable | $0 |
| Deferred revenue | $1,384,029 |
| 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 | $1,574,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,308,817 |
| Net assets without donor restrictions | $11,756,560 |
| Net assets with donor restrictions | $4,555,653 |
| 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 | $20,621,030 |