Poland Spring Academy Inc
- Assets
- $185.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Poland, ME
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 01-0527934
Organization Overview
Poland Spring Academy Inc is located in Poland, ME. The organization was established in 1999. 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 06/2023, Poland Spring Academy Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poland Spring Academy Inc 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, Poland Spring Academy Inc generated $48.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $34.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING K-12 EDUCATION FOR LOCAL AREA STUDENTS ON BOTH FULL AND PART TIME BASIS AND PROVIDING ASSISTANCE WITH HOME SCHOOLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Howard Chairman | 30 | $4,972 | |
Tina Levessaur Clerk | 5 | $0 | |
Roland Levessaur Clerk | 5 | $0 | |
Brian Saucier Clerk | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,333 |
| Total Program Service Revenue | $27,180 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $605 |
| Other Revenue | $13,687 |
| Total Revenue | $48,805 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,389 |
| Professional fees and other payments to independent contractors | $1,067 |
| Occupancy, rent, utilities, and maintenance | $2,916 |
| Printing, publications, postage, and shipping | $709 |
| Other expenses | $23,972 |
| Total expenses | $34,053 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,008 |
| Other assets | $0 |
| Total assets | $184,990 |
| Total liabilities | $399,562 |
| Net assets or fund balances | -$214,572 |