Merrimac Heights Academy Inc
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Merrimac, MA
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 36-4760914
Organization Overview
Merrimac Heights Academy Inc is located in Merrimac, MA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Merrimac Heights Academy Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimac Heights 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 06/2022, Merrimac Heights Academy Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 27.4% 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
TO PROVIDE SECONDARY AND POST-SECONDARY EDUCATION INCLUDING CAREER- TECHNICAL TRAINING; TO ENSURE SUCCESSFUL TRANSITION INTO EMPLOYMENT; TO INCREASE PROPENSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF MERRIMAC HEIGHTS ACADEMY IS TO ASSIST YOUTH, AGES 4-21, WITH COMPLEX LANGUAGE, LEARNING, AND COGNITIVE DISABILITIES, WHO ARE UNABLE TO ACCESS THE TRADITIONAL HIGH SCHOOL CURRICULUM, ACHIEVE THEIR MAXIMUM POTENTIAL IN A SUPPORTIVE, NON-TRADTIONAL SCHOOL SETTING; TO PROVIDE STUDENTS WITH TOOLS TO FUNCTION INDEPENDENTLY; TO PROVIDE SECONDARY AND POST-SECONDARY EDUCATION WHICH INCLUDES VOCATIONAL TRAINING; TO DECREASE THE JUVENILE DELINQUENCY AND DROP-OUT RATE OMORE PREVALENT AMONG STUDENTS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lygia Soares Executive Di | Trustee | 40 | $127,975 |
Karen Dill Treasurer | OfficerTrustee | 2 | $0 |
Kristin Mccauley President | Officer | 2 | $0 |
Gary Davis Board Member | Trustee | 2 | $0 |
Max La Guerre Board Member | Trustee | 2 | $0 |
Armand Hyatt Legal Counse | 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 | $142,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,728 |
| Total Program Service Revenue | $1,291,637 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,466,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,975 |
| Compensation of current officers, directors, key employees. | $12,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,954 |
| Pension plan accruals and contributions | $32,000 |
| Other employee benefits | $30,373 |
| Payroll taxes | $55,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,544 |
| Fees for services: Accounting | $23,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,645 |
| Advertising and promotion | $1,697 |
| Office expenses | $6,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,562 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,559 |
| Insurance | $23,394 |
| All other expenses | $8,550 |
| Total functional expenses | $1,092,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,874 |
| 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 | $969,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,533 |
| Other assets | $0 |
| Total assets | $1,780,648 |
| Accounts payable and accrued expenses | $17,048 |
| 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 | $875,539 |
| Total liabilities | $892,587 |
| Net assets without donor restrictions | $888,061 |
| 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 | $1,780,648 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Merrimac Heights Academy Inc has recieved totaling $3,647.
| Awarding Organization | Amount |
|---|---|
Salem Community Benefits Inc Salem, NH PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Together Education Inc New York, NY | $57,079,543 | $31,828,853 |
St Stephens School Corporation New York, NY | $22,745,119 | $12,506,958 |
Aids Community Resources Syracuse, NY | $5,910,589 | $11,647,992 |