Marin Academy
- Assets
- $111.8m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 171
- Location
- San Rafael, CA
- Founding
- 08/1946
- Data as of
- 06/2022
- EIN
- 94-1186189
Organization Overview
Marin Academy is located in San Rafael, CA. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Marin Academy employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin 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 06/2022, Marin Academy generated $31.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $27.6m during the year ending 06/2022. While expenses have increased by 4.9% 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
INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREPARATORY HIGH SCHOOL LOCATED IN SAN RAFAEL, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIN ACADEMY (MA) IS A CO-EDUCATIONAL INDEPENDENT HIGH SCHOOL SERVING GRADES 9-12. THE SCHOOL ENROLLS APPROXIMATELY 445 STUDENTS EACH YEAR. MARIN ACADEMY PROVIDES STUDENTS WITH A SOLID FOUNDATION IN TRADITIONAL ACADEMIC SUBJECTS IN A COLLEGE-PREPARATORY PROGRAM. WITH A COMMITMENT TO EXPERIENTIAL EDUCATION, MA BELIEVES THAT HEALTHY, CHALLENGING EXPERIENCES BOTH INSIDE AND OUTSIDE THE CLASSROOM ARE ESSENTIAL FOR TAKING ADOLESCENTS TO AND BEYOND INTELLECTUAL AND THEORETICAL KNOWLEDGE. CRITICAL THINKING (INFORMED, INDEPENDENT, COLLABORATIVE AND CREATIVE) IS A HALLMARK OF THE MARIN ACADEMY EXPERIENCE. AT MA, STUDENTS THRIVE IN A SUPPORTIVE, COMPASSIONATE ENVIRONMENT, WHICH PROMOTES FRIENDLY, OPEN DIALOGUE BASED ON RESPECT AND TRUST. DURING THE COURSE OF THEIR STUDIES, MARIN ACADEMY STUDENTS EXPLORE COMPLEX IDEAS AND DIVERSE PERSPECTIVES, TEST THEIR VALUES AND JUDGMENTS, AND MAKE THEIR OWN DISCOVERIES. MARIN ACADEMY ASKS EACH INDIVIDUAL TO RECOGNIZE OUR SHARED RESPONSIBILITY TO INSPIRE AND FOSTER A PURPOSEFULLY DIVERSE, EQUITABLE AND JUST COMMUNITY, WHERE STUDENTS AND ADULTS OF VARIED BACKGROUNDS, BELIEFS, ATTRIBUTES AND ABILITIES RELATE TO ONE ANOTHER AS INDIVIDUALS WORTHY OF RESPECT. FURTHER, THE SCHOOL EMBRACES OUR RESPONSIBILITY TO PROMOTE, BOTH WITHIN AND BEYOND THE BOUNDARIES OF MA, THE VALUES INHERENT IN A DEMOCRATIC SOCIETY. THE AVERAGE CLASS SIZE IS 15. MARIN ACADEMY'S CO-CURRICULAR PROGRAMS INCLUDE AN AMBITIOUS OUTDOOR EDUCATION PROGRAM, A SERVICE LEARNING PROGRAM, A REQUIRED WEEK OF EXPERIMENTAL EDUCATION EACH SPRING, AND A HIGHLY-DEVELOPED INTERSCHOLASTIC ATHLETIC PROGRAM. THE SCHOOL ALSO SUPPORTS THE NEED FOR ONGOING GROWTH AND CHALLENGES FOR ITS STUDENTS THROUGH A NUMBER OF SPECIAL PROGRAMS INCLUDING: INDEPENDENT STUDY, SENIOR PROJECTS, INTERNATIONAL STUDIES, AND STUDY ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Brownley Head Of School | OfficerTrustee | 40 | $542,217 |
Michael Joyce Chief Financial Officer | Officer | 40 | $303,213 |
Katrina Wentzel Academic Dean | 40 | $200,184 | |
Trent Nutting Director Of Strategic Engagement | 40 | $185,744 | |
Lynne Hansen Dean Of Students | 40 | $185,403 | |
Stella Beale Dean Of Faculty | 40 | $179,560 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steyer Lowenthal Boodrookas Legal | 6/29/22 | $208,408 |
Bb& B Builders Construction | 6/29/22 | $521,679 |
Ehdd Architecture | 6/29/22 | $211,241 |
Peak Building Services Janitorial | 6/29/22 | $209,876 |
C Overaa & Co Construction | 6/29/22 | $1,614,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,487,138 |
| Noncash contributions included in lines 1a–1f | $396,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,489,738 |
| Total Program Service Revenue | $24,129,426 |
| Investment income | $479,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $145,650 |
| Net Gain/Loss on Asset Sales | $397,231 |
| Net Income from Fundraising Events | $171,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,203 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,814,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,805,337 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,070,523 |
| Compensation of current officers, directors, key employees. | $873,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,455,970 |
| Pension plan accruals and contributions | $728,047 |
| Other employee benefits | $1,969,815 |
| Payroll taxes | $920,050 |
| Fees for services: Management | $159,469 |
| Fees for services: Legal | $482,808 |
| Fees for services: Accounting | $47,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,807 |
| Fees for services: Other | $25,358 |
| Advertising and promotion | $67,555 |
| Office expenses | $176,186 |
| Information technology | $436,854 |
| Royalties | $0 |
| Occupancy | $1,518,140 |
| Travel | $16,026 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,132 |
| Interest | $674,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,734,032 |
| Insurance | $266,176 |
| All other expenses | $257,112 |
| Total functional expenses | $27,576,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,160,243 |
| Savings and temporary cash investments | $9,673,747 |
| Pledges and grants receivable | $4,184,340 |
| Accounts receivable, net | $12,138,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,288 |
| Prepaid expenses and deferred charges | $923,034 |
| Net Land, buildings, and equipment | $58,653,809 |
| Investments—publicly traded securities | $19,058,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,798,644 |
| Accounts payable and accrued expenses | $3,772,663 |
| Grants payable | $0 |
| Deferred revenue | $11,993,956 |
| Tax-exempt bond liabilities | $23,130,177 |
| 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 | $11,983,145 |
| Total liabilities | $50,879,941 |
| Net assets without donor restrictions | $36,930,271 |
| Net assets with donor restrictions | $23,988,432 |
| 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 | $111,798,644 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Marin Academy has recieved totaling $1,539,289.
| Awarding Organization | Amount |
|---|---|
Mckinnon Family Foundation New York, NY PURPOSE: EDUCATION | $600,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $254,484 |
Donald And Carole Chaiken Foundation San Francisco, CA PURPOSE: CAPITAL CAMPAIGN | $200,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $139,000 |
Amie Boswell Foundation Inc Lebanon, MO PURPOSE: UNRESTRICTED | $50,500 |
Paul L Wattis Foundation San Francisco, CA PURPOSE: SUPPORT FOR THE SCIENCE AND INNOVATION CENTER AT MARIN ACADEMY | $50,000 |
Endowment Analysis
| Beg. Balance | $22,420,099 |
| Earnings | -$3,274,847 |
| Net Contributions | $650,042 |
| Ending Balance | $19,795,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |