Berwick Academy Trustees
- Assets
- $57.9m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 237
- Location
- South Berwick, ME
- Founding
- 12/1941
- Data as of
- 06/2021
- EIN
- 01-0223755
Organization Overview
Berwick Academy Trustees is located in South Berwick, ME. The organization was established in 1941. 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, Berwick Academy Trustees employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berwick Academy Trustees 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, Berwick Academy Trustees generated $29.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $23.8m during the year ending 06/2021. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BERWICK ACADEMY, FOUNDED IN 1791, IS DEDICATED TO PROMOTING VIRTUE AND USEFUL KNOWLEDGE AMONG THE RISING GENERATIONS.
Describe the Organization's Program Activity:
INDEPENDENT COEDUCATIONAL COUNTRY DAY SCHOOL, PRE-K THROUGH POST GRADUATE, SERVING OVER 589 STUDENTS FROM THE SEACOAST AREA OF SOUTHERN MAINE, NEW HAMPSHIRE, AND NORTH SHORE MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hamilton Head Of School | OfficerTrustee | 50 | $279,331 |
Jonathan Douglas CFO | Officer | 40 | $178,539 |
Ryan Feeley Assistant Head Of School | 40 | $173,958 | |
Amy Smucker Assistant Head Of School | 40 | $148,864 | |
Joel Hawes Director Of Lower School | 40 | $121,228 | |
Michael Buensuceso Director Of Cult Competenc | 40 | $115,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marshall Rental Tents For Covid Distancing | 6/29/21 | $154,168 |
Airline Hydraulics Covid Barriers | 6/29/21 | $118,122 |
Sage Dining Services Inc Food Service | 6/29/21 | $642,025 |
C & J Bus Lines Student Bus Transportation | 6/29/21 | $143,236 |
Blackbaud Inc Database Management | 6/29/21 | $116,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,700 |
| Related organizations | $0 |
| Government grants | $2,175,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,222,826 |
| Noncash contributions included in lines 1a–1f | $96,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,400,003 |
| Total Program Service Revenue | $22,090,640 |
| Investment income | $715,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$813 |
| Net Gain/Loss on Asset Sales | $755,501 |
| Net Income from Fundraising Events | -$2,376 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,927 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,954,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,656,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $550,368 |
| Compensation of current officers, directors, key employees. | $220,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,349,075 |
| Pension plan accruals and contributions | $572,078 |
| Other employee benefits | $1,855,691 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,949 |
| Fees for services: Accounting | $46,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,845 |
| Fees for services: Other | $87,103 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $640,967 |
| Travel | $21,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $262,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,282,696 |
| Insurance | $0 |
| All other expenses | $597,929 |
| Total functional expenses | $23,762,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,876,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,298,950 |
| Accounts receivable, net | $484,585 |
| Loans from Officers, Directors, or Controlling Persons | $160,351 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,972 |
| Prepaid expenses and deferred charges | $402,185 |
| Net Land, buildings, and equipment | $18,513,547 |
| Investments—publicly traded securities | $27,128,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,917,930 |
| Accounts payable and accrued expenses | $1,595,752 |
| Grants payable | $0 |
| Deferred revenue | $2,440,154 |
| Tax-exempt bond liabilities | $9,155,184 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,485 |
| Unsecured mortgages and notes payable | $1,772,146 |
| Other liabilities | $126,827 |
| Total liabilities | $15,111,548 |
| Net assets without donor restrictions | $22,269,802 |
| Net assets with donor restrictions | $20,536,580 |
| 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 | $57,917,930 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Berwick Academy Trustees has recieved totaling $85,068.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: FINANCIAL AID ENDOWMENT | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $20,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $4,500 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Endowment Analysis
| Beg. Balance | $18,562,393 |
| Earnings | $4,990,672 |
| Net Contributions | $167,496 |
| Other Expense | $714,814 |
| Ending Balance | $23,005,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Prospect Academy Inc Plymouth, NH | $25,031,051 | $42,485,261 |
Berwick Academy Trustees South Berwick, ME | $57,917,930 | $28,954,341 |
Waynflete School Portland, ME | $64,743,291 | $23,025,527 |
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 |