Granite State Arts Academy
- Assets
- $446.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Salem, NH
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-3676798
Organization Overview
Granite State Arts Academy is located in Salem, NH. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Granite State Arts Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granite State Arts 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 06/2021, Granite State Arts Academy generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 7.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANITE STATE ARTS ACADEMY'S EDUCATIONAL MISSION IS TO NURTURE CREATIVE THINKERS, ACTIVE CITIZENS, AND INDEPENDENT LEARNERS WITH A CURRICULUM THAT INTEGRATES THE ARTS AND ACADEMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEGRATED ARTS AND ACADEMIC EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Trout Treasurer | OfficerTrustee | $0 | |
Jeffrey Marquis Vice Chair | OfficerTrustee | $0 | |
Don Erdbrink Chairman | OfficerTrustee | $0 | |
Kellie Fraser Director | Trustee | $0 | |
Anthony Polito Director | Trustee | $0 | |
Christopher Michaud Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,489 |
| Related organizations | $0 |
| Government grants | $922,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,409 |
| Total Program Service Revenue | $66,119 |
| Investment income | $161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,922 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,767 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $60,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,292 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,776 |
| Advertising and promotion | $7,066 |
| Office expenses | $15,276 |
| Information technology | $6,458 |
| Royalties | $0 |
| Occupancy | $241,813 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,845 |
| Insurance | $14,531 |
| All other expenses | $0 |
| Total functional expenses | $1,107,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,525 |
| Accounts receivable, net | $5,000 |
| 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 | $54,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,000 |
| Total assets | $446,672 |
| Accounts payable and accrued expenses | $85,826 |
| 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 | $32,500 |
| Total liabilities | $118,326 |
| Net assets without donor restrictions | $328,346 |
| 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 | $446,672 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Granite State Arts Academy has recieved totaling $1,377.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virtual Learning Academy Charter School Exeter, NH | $4,364,365 | $12,032,123 |
Maine Technology Institute Brunswick, ME | $20,192,850 | $10,752,801 |
Baxter Academies Of Maine Portland, ME | $5,059,959 | $5,291,894 |
Acadia Academy Lewiston, ME | $2,946,012 | $4,193,660 |
Harpswell Coastal Academy Inc Harpswell, ME | $1,328,759 | $3,434,927 |
Fiddlehead School Gray, ME | $2,450,740 | $2,123,993 |
Great Bay Elearning Charter School Exeter, NH | $1,221,712 | $1,886,991 |
Kreiva Academy Public Charter School Manchester, NH | $870,753 | $1,875,543 |
Compass Classical Academy Tilton, NH | $1,304,816 | $1,309,060 |
Next Charter School Derry, NH | $1,803,956 | $1,664,118 |
Making Community Connections Charter School Amherst, NH | $443,439 | $1,365,054 |
Gate City Charter School For The Arts Merrimack, NH | $402,137 | $1,441,405 |