Maine Arts Academy
- Assets
- $822.3k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Sidney, ME
- Founding
- 11/2015
- Data as of
- 06/2021
- EIN
- 47-4890021
Organization Overview
Maine Arts Academy is located in Sidney, ME. The organization was established in 2015. 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, Maine Arts Academy employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine 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, Maine Arts Academy generated $3.2m in total revenue. All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 51.4% 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
THE ACADEMY AIMS TO TRANSFORM STUDENTS LIVES AND CONTRIBUTE TO THE CULTURAL CAPITAL OF MAINE BY PROVIDING A HIGH QUALITY, COMPREHENSIVE, COLLEGE PREPARATORY ACADEMIC AND ARTS EDUCATION FOR HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERFORMING ARTS CURRICULUM IN MUSIC, THEATRE AND DANCE WILL INCLUDE LESSONS, TECHNIQUE CLASSES, SMALL AND LARGE GROUP ENSEMBLES, COMPREHENSIVE COURSES IN THEORY, HISTORY, AND MORE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Heather King Head Of School | Officer | 37.5 | $76,032 |
Linda Warner Secretary | OfficerTrustee | 1 | $0 |
Sherry Gilbert President | OfficerTrustee | 1 | $0 |
Richard Durost Vice-President | OfficerTrustee | 1 | $0 |
Andrew Landry Treasurer | OfficerTrustee | 1 | $0 |
Dr Maggie Allen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Poland Bus Service Inc Busing | 6/29/21 | $261,578 |
Snow Pond Center For The Arts Professional | 6/29/21 | $241,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,183,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,187,430 |
| Total Program Service Revenue | $11,818 |
| Investment income | $215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,498 |
| 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 | $1,178,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,978 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,950 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,376 |
| Advertising and promotion | $16,386 |
| Office expenses | $100,305 |
| Information technology | $287,941 |
| Royalties | $0 |
| Occupancy | $254,877 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,353 |
| Insurance | $21,626 |
| All other expenses | $32,009 |
| Total functional expenses | $2,690,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,266 |
| Net Land, buildings, and equipment | $171,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,323 |
| Accounts payable and accrued expenses | $113,914 |
| 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 | $39,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $153,042 |
| Net assets without donor restrictions | $634,301 |
| Net assets with donor restrictions | $34,980 |
| 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 | $822,323 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maine Arts Academy has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Oak Grove School East Vassalboro, ME PURPOSE: VISITING ARTIST INITIATIVE | $2,500 |
Melmac Education Foundation Augusta, ME PURPOSE: TGM SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sant Bani School Sanbornton, NH | $10,328,567 | $4,768,963 |
Hope For Tomorrow Foundation Portsmouth, NH | $17,351,859 | $7,594,736 |
Haystack Mountain School Of Crafts Deer Isle, ME | $17,426,077 | $2,373,447 |