Maplestone
- Assets
- $508.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Acton, ME
- Founding
- 10/2004
- Data as of
- 08/2022
- EIN
- 20-0147703
Organization Overview
Maplestone is located in Acton, ME. The organization was established in 2004. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2022, Maplestone employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maplestone 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 08/2022, Maplestone generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.0m during the year ending 08/2022. While expenses have increased by 2.5% per year over the past 7 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
MAPLESTONE IS A SCHOOL THAT PROVIDES INNOVATIVE APPROACHES TO EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS WHO HAVE COMPLETED THE PROGRAM LEAVE WITH VOCATIONAL SKILLS, FOCUSED POST-SECONDARY GOALS & OBJECTIVES, SOCIAL & BEHAVIOR SKILLS NEEDED TO SUCCEED AND ACADEMIC CREDITS. MAPLESTONE OFFERED ESY (SUMMER) CLASSES DURING THE SUMMER OF 2022 FROM JULY-AUGUST FOR SIX WEEKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Robert Head Of School | Officer | 40 | $95,000 |
Nils S Pearson President | OfficerTrustee | 2 | $0 |
Paul Andrade Vice President | OfficerTrustee | 2 | $0 |
Deborah Mayo Treasurer/secretary | OfficerTrustee | 2 | $0 |
Joe Gannuscio Board Member | Trustee | 2 | $0 |
Armand Lachance Board Member | Trustee | 2 | $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 | $5,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,286 |
| Total Program Service Revenue | $1,097,410 |
| Investment income | $1,783 |
| 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 | $200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,113,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation of current officers, directors, key employees. | $19,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,412 |
| Payroll taxes | $55,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,611 |
| Advertising and promotion | $1,605 |
| Office expenses | $2,748 |
| Information technology | $7,260 |
| Royalties | $0 |
| Occupancy | $99,448 |
| Travel | $5,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,125 |
| Insurance | $17,499 |
| All other expenses | $6,590 |
| Total functional expenses | $1,048,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,277 |
| Savings and temporary cash investments | $52,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$205 |
| 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 | $42,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,050 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,705 |
| Total liabilities | $11,705 |
| Net assets without donor restrictions | $496,345 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $508,050 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maplestone has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Special Education | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maplestone Acton, ME | $508,050 | $1,113,878 |
Birthwise Bridgton, ME | $198,893 | $716,913 |
New England School Of Metalwork Auburn, ME | $1,206,318 | $737,211 |
Immaculate Heart Of Mary School Inc Winchester, NH | $50,587 | $0 |
Caddie School For Soldiers Inc Scarborough, ME | $76,692 | $157,960 |
Peoples Inclusive Welding South Portland, ME | $47,418 | $0 |
Advanced Life Support Institute Center Conway, NH | $17,681 | $0 |
American Furniture Masters Institute Manchester, NH | $78,116 | $0 |
Code Maine Coding Academy Dover Foxcroft, ME | $330 | $0 |