NORTH YARMOUTH ACADEMY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- NORTH YARMOUTH ACADEMY (EIN 01-0211536)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202631349349312673
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T17:46:18-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BRICKSTONE SQUARE SUITE 103 | AddressLine1Txt |
| City | ANDOVER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01810 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010211536 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH YARMOUTH ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 2078469051 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MAIN STREET | AddressLine1Txt |
| City | YARMOUTH | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04096 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES CABOT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2078469051 | PhoneNum |
| Signature | 2026-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LUKE BURNETT | PreparerPersonNm |
| PTIN | P01079018 | PTIN |
| Phone | 9786202000 | PhoneNum |
| Preparation | 2026-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BENJAMIN JACKSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MAIN STREET | AddressLine1Txt |
| City | YARMOUTH | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04096 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $16,708,603 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NYA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1814 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | NORTH YARMOUTH ACADEMY IS AN INDEPENDENT, COLLEGE PREPARATORY, COEDUCATIONAL DAY SCHOOL SERVING STUDENTS IN TODDLER THROUGH GRADE TWELVE. THE SCHOOL OFFERS A STRUCTURED PROGRAM THAT SETS CLEAR STANDARDS AND HIGH EXPECTATIONS IN AN ENVIRONMENT THAT EMPHASIZES VALUES OF MUTUAL RESPECT, TRUST AND COMMUNITY. NORTH YARMOUTH ACADEMY IS DEDICATED TO FOSTERING INTEGRITY, CHARACTER AND INTELLECT IN YOUNG ADULTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 201 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $85,466 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,170,995 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,050,810 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,818,203 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,232,188 | CYProgramServiceRevenueAmt |
| PY Investment Income | $179,682 | PYInvestmentIncomeAmt |
| CY Investment Income | $581,260 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$35,624 | PYOtherRevenueAmt |
| CY Other Revenue | $22,976 | CYOtherRevenueAmt |
| PY Total Revenue | $15,133,256 | PYTotalRevenueAmt |
| CY Total Revenue | $16,887,234 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,283,693 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,491,432 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,101,482 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,750,279 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $30,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $635,673 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,714,187 | PYOtherExpensesAmt |
| CY Other Expenses | $4,585,661 | CYOtherExpensesAmt |
| PY Total Expenses | $15,129,362 | PYTotalExpensesAmt |
| CY Total Expenses | $16,827,372 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,894 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $59,862 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $21,748,315 | TotalAssetsBOYAmt |
| Total Assets EOY | $36,029,253 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,188,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,368,392 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $16,559,468 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,660,861 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NORTH YARMOUTH ACADEMY IS AN INDEPENDENT, COLLEGE PREPARATORY, COEDUCATIONAL DAY SCHOOL SERVING STUDENTS IN TODDLER THROUGH GRADE TWELVE. THE SCHOOL OFFERS A STRUCTURED PROGRAM THAT SETS CLEAR STANDARDS AND HIGH EXPECTATIONS IN AN ENVIRONMENT THAT EMPHASIZES VALUES OF MUTUAL RESPECT, TRUST AND COMMUNITY. NORTH YARMOUTH ACADEMY IS DEDICATED TO FOSTERING INTEGRITY, CHARACTER AND INTELLECT IN YOUNG ADULTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $14,846,935 | ExpenseAmt |
| Grant | $3,491,432 | GrantAmt |
| Revenue | $14,146,722 | RevenueAmt |
| Desc | THE ACADEMY OPERATES A PRIVATE DAY SCHOOL IN YARMOUTH, MAINE WITH APPROXIMATELY 390 STUDENTS FROM TODDLER THROUGH TWELFTH GRADE. THE NORTH YARMOUTH ACADEMY PROGRAM ENCOURAGES STUDENT TO DEVELOP:1. PROBLEM-SOLVING SKILLS BASED ON SOUND ANALYTICAL AND CREATIVE THOUGHT2. SOPHISTICATION IN WRITING, SPEAKING AND ARTISTIC EXPRESSION 3. APPRECIATION FOR THE IMPORTANCE OF ATHLETIC ACTIVITY, TEAMWORK AND COOPERATION4. SELF-CONFIDENCE AND SELF-RESPECT THROUGH A BREADTH OF EXPERIENCES THAT EXTEND BEYOND THE CLASSROOM5. CONCERN FOR THE LARGER COMMUNITY AND AN APPRECIATION FOR THE NATURAL ENVIRONMENT6. DESIRE TO CONTINUE THE PROCESS OF LIFELONG LEARNING | Desc |
| Total Program Service Expenses | $14,846,935 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 98 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 201 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALAN CLARANCE | PersonNm |
| Phone | 2078475426 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MAIN STREET | AddressLine1Txt |
| City | YARMOUTH | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04096 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JESSICA LYNCH | |||||||
| TRUSTEE | 15.00 | Yes (X) | $30,636 | $0 | $0 | ||
| JAMES CABOT | |||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LINDA MANCHESTER | |||||||
| PAST PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SARAH KIRBY | |||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BETSY TODD | |||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BARBARA MARR | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JASON CURRIER | |||||||
| TRESURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| RICK ABBONDANZA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| FREDDIE DANIEL | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BOB HILSCHER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NATHAN ISAACSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER LORENZ | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVE MALCOM | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DREW OESTREICHER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LORI POULIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTIE RANA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HANNAH RENYI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER ROBBINS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CATRIONA SANGSTER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| VALENTINE SHELDON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MEG STORNELLI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CATY WERNER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BENJAMIN JACKSON | |||||||
| HEAD OF SCHOOL | 50.00 | $268,253 | $0 | $90,338 | Yes (X) | ||
| ALAN CLARANCE | |||||||
| CFO (FROM JULY 2024) | 50.00 | $73,310 | $0 | $12,724 | Yes (X) | ||
| JENNIFER RICHARD | |||||||
| DIRECTOR OF DEVELOPMENT | 50.00 | $175,590 | $0 | $53,922 | Yes (X) | ||
| ERIC AUSTIN | |||||||
| HEAD OF UPPER SCHOOL | 50.00 | $126,447 | $0 | $5,401 | Yes (X) | ||
| MARISSA MARKONISH | |||||||
| HEAD OF MIDDLE SCHOOL | 50.00 | $126,806 | $0 | $5,401 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $801,042 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $167,786 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $119,915 | FundraisingAmt |
| All Other Contributions | $1,930,895 | AllOtherContributionsAmt |
| Noncash Contributions | $250,762 | NoncashContributionsAmt |
| Total Contributions | $2,050,810 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION, FEES AND OTHER PROGRAM | 900099 | $12,680,997 | $12,680,997 | |
| AUXILIARY | 900099 | $1,551,191 | $1,465,725 | $85,466 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,232,188 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $228,835 | TotalRevenueColumnAmt |
| Exclusion | $228,835 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $20,283 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$5,283 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$5,283 | TotalRevenueColumnAmt |
| Exclusion | -$5,283 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $107,000 | SecuritiesAmt |
| Other | $15,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$230,425 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $337,425 | SecuritiesAmt |
| Other | $15,000 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $352,425 | TotalRevenueColumnAmt |
| Exclusion | $352,425 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $59,770 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $119,915 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $31,511 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,259 | TotalRevenueColumnAmt |
| Exclusion | $28,259 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,887,234 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,146,722 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $85,466 | UnrelatedBusinessRevenueAmt |
| Exclusion | $604,236 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,491,432 | TotalAmt |
| Program Services | $3,491,432 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499,543 | TotalAmt |
| Program Services | $95,112 | ProgramServicesAmt |
| Management And General | $278,683 | ManagementAndGeneralAmt |
| Fundraising | $125,748 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,822,280 | TotalAmt |
| Program Services | $5,302,681 | ProgramServicesAmt |
| Management And General | $293,833 | ManagementAndGeneralAmt |
| Fundraising | $225,766 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,119 | TotalAmt |
| Program Services | $176,813 | ProgramServicesAmt |
| Management And General | $20,929 | ManagementAndGeneralAmt |
| Fundraising | $12,377 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,741,062 | TotalAmt |
| Program Services | $1,560,275 | ProgramServicesAmt |
| Management And General | $101,685 | ManagementAndGeneralAmt |
| Fundraising | $79,102 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,275 | TotalAmt |
| Program Services | $412,864 | ProgramServicesAmt |
| Management And General | $40,191 | ManagementAndGeneralAmt |
| Fundraising | $24,220 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,939 | TotalAmt |
| Management And General | $41,939 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,548 | TotalAmt |
| Management And General | $50,548 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,157 | TotalAmt |
| Management And General | $7,157 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $943,513 | TotalAmt |
| Program Services | $908,099 | ProgramServicesAmt |
| Management And General | $2,932 | ManagementAndGeneralAmt |
| Fundraising | $32,482 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,615 | TotalAmt |
| Program Services | $108,145 | ProgramServicesAmt |
| Management And General | $66,270 | ManagementAndGeneralAmt |
| Fundraising | $51,200 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,939 | TotalAmt |
| Program Services | $168,534 | ProgramServicesAmt |
| Management And General | $51,137 | ManagementAndGeneralAmt |
| Fundraising | $7,268 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $768,542 | TotalAmt |
| Program Services | $712,905 | ProgramServicesAmt |
| Management And General | $55,637 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,343 | TotalAmt |
| Program Services | $102,390 | ProgramServicesAmt |
| Management And General | $18,062 | ManagementAndGeneralAmt |
| Fundraising | $18,891 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,297 | TotalAmt |
| Program Services | $1,297 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,738 | TotalAmt |
| Program Services | $107,117 | ProgramServicesAmt |
| Management And General | $11,621 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,096,250 | TotalAmt |
| Program Services | $986,372 | ProgramServicesAmt |
| Management And General | $109,878 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,331 | TotalAmt |
| Program Services | $47,794 | ProgramServicesAmt |
| Management And General | $112,537 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EDUCATION EXPENSES | $633,193 | $608,137 | $24,976 | $80 |
| OTHER EXPENSES | $143,674 | $49,823 | $35,312 | $58,539 |
| BAD DEBT EXPENSE | $28,582 | $7,145 | $21,437 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,827,372 | TotalAmt |
| Program Services | $14,846,935 | ProgramServicesAmt |
| Management And General | $1,344,764 | ManagementAndGeneralAmt |
| Fundraising | $635,673 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $325 | BOYAmt |
| EOY | $350 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,772,421 | BOYAmt |
| EOY | $3,271,113 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,049 | BOYAmt |
| EOY | $7,131,416 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,390 | BOYAmt |
| EOY | $114,860 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $34,749,686 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,764,208 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,951,614 | BOYAmt |
| EOY | $20,985,478 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,195,375 | BOYAmt |
| EOY | $3,964,856 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $462,141 | BOYAmt |
| EOY | $561,180 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,748,315 | BOYAmt |
| EOY | $36,029,253 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,005,933 | BOYAmt |
| EOY | $1,385,313 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,644,286 | BOYAmt |
| EOY | $8,685,084 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $938,751 | BOYAmt |
| EOY | $948,537 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,599,877 | BOYAmt |
| EOY | $8,349,458 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,188,847 | BOYAmt |
| EOY | $19,368,392 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,239,722 | BOYAmt |
| EOY | $10,427,974 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,319,746 | BOYAmt |
| EOY | $6,232,887 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,559,468 | BOYAmt |
| EOY | $16,660,861 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,748,315 | BOYAmt |
| EOY | $36,029,253 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $59,862 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,026 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $34,505 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,394,811 | BeginningYearBalanceAmt |
| Contributions | $825,958 | ContributionsAmt |
| Investment Earnings Or Losses | $439,611 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $107,000 | OtherExpendituresAmt |
| End Year Balance | $4,553,380 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,532,438 | BeginningYearBalanceAmt |
| Contributions | $678,837 | ContributionsAmt |
| Investment Earnings Or Losses | $268,536 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $85,000 | OtherExpendituresAmt |
| End Year Balance | $3,394,811 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,395,792 | BeginningYearBalanceAmt |
| Contributions | $43,514 | ContributionsAmt |
| Investment Earnings Or Losses | $173,132 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $80,000 | OtherExpendituresAmt |
| End Year Balance | $2,532,438 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,467,135 | BeginningYearBalanceAmt |
| Contributions | $335,207 | ContributionsAmt |
| Investment Earnings Or Losses | -$346,550 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $60,000 | OtherExpendituresAmt |
| End Year Balance | $2,395,792 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,861,505 | BeginningYearBalanceAmt |
| Contributions | $92,764 | ContributionsAmt |
| Investment Earnings Or Losses | $572,866 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $60,000 | OtherExpendituresAmt |
| End Year Balance | $2,467,135 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.14500 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.65840 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.19660 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,769,948 | OtherCostOrOtherBasisAmt |
| Book Value | $1,769,948 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,807,476 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,573,326 | DepreciationAmt |
| Book Value | $17,234,150 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,860,307 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,190,882 | DepreciationAmt |
| Book Value | $1,669,425 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $311,955 | OtherCostOrOtherBasisAmt |
| Book Value | $311,955 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,985,478 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $13,461,687 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,026 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $34,505 | OtherRevenueAmt |
| Revenue Not Reported | $41,531 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,420,156 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $7,157 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,459,921 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,467,078 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,887,234 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $13,360,294 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,360,294 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $7,157 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,459,921 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,467,078 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,827,372 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INTENDED USE OF ENDOWMENT FUNDS INCLUDE CAPITAL IMPROVEMENTS, SCHOLARSHIPS, FACULTY ENRICHMENT, DIVERSITY, AND OTHER VARIOUS MISSION-RELATED PURPOSES. |
| PART X, LINE 2: | THE ACADEMY IS A TAX-EXEMPT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, THE ACADEMY IS SUBJECT TO FEDERAL CORPORATE INCOME TAXES ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2025 AND 2024. THE ACADEMY'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ACADEMY HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF DEFERRED GIFTS 34,505. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHLARSHIP EXPENSE 3,491,432. FUNDRAISING EXPENSES -31,511. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHOLARSHIP EXPENSE 3,491,432. FUNDRAISING EXPENSES -31,511. |
| PART V, LINE 1B: | THE ACADEMY'S FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED JUNE 30, 2024 HAVE BEEN RESTATED TO CORRECT THE REPORTING OF CERTAIN TRANSACTIONS THAT RESULTED IN AN UNDERSTATEMENT OF GIFTS TO THE ENDOWMENT. THE IMPACT OF THE RESTATEMENT FOR THE YEAR ENDED JUNE 30, 2024 RESULTED IN AN INCREASE IN GIFTS TO THE ENDOWMENT OF $136,941. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE ACADEMY'S WEBSITE AND IN THE STUDENT AND PARENT HANDBOOK AND IN THE EMPLOYEE HANDBOOK. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $179,685 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $119,915 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $59,770 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $11,368 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $19,393 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $750 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $179,685 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $119,915 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $59,770 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $11,368 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $19,393 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $750 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $31,511 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $28,259 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 169 | RecipientCnt |
| Cash Grant | $3,491,432 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL FINANCIAL AID IS CREDITED DIRECTLY TO THE STUDENTS ACCOUNT BALANCES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BENJAMIN JACKSON | ||||||||||||||
| HEAD OF SCHOOL | $236,375 | $0 | $20,000 | $0 | $11,878 | $0 | $9,455 | $0 | $80,883 | $0 | $358,591 | $0 | $0 | $0 |
| JENNIFER RICHARD | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $157,590 | $0 | $15,000 | $0 | $3,000 | $0 | $6,304 | $0 | $47,618 | $0 | $229,512 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE - THE NON-TAXABLE BENEFIT OF ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE ACADEMY. THE VALUE OF HOUSING IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). SOCIAL CLUB DUES - A GOLF CLUB MEMBERSHIP IS PROVIDED FOR BUSINESS PURPOSES ON BEHALF THE HEAD OF SCHOOL. THIS BENEFIT IS NONTAXABLE AND IS INCLUDED ON SCHEDULE J, PART II, COLUMN (D). |
| PART I, LINE 7 | BENJAMIN JACKSON RECEIVED A BONUS DURING 2024. THE BONUS IS DETERMINED BY THE BOARD OF TRUSTEES IN ITS SOLE DISCRETION BASED UPON PERFORMANCE FOR BENJAMIN JACKSON, AND THE FINANCIAL CONDITION OF NORTH YARMOUTH ACADEMY. JENNIFER RICHARD RECEIVED A DISCRETIONARY RETENTION BONUS DURING 2024. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES | ||||||||
| A | 010314384 | 560425CZ1 | 2023-12-05 | $1,110,523 | CAMPUS IMPROVEMENT FUNDING | 0 | 0 | Yes (1) |
| MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES | ||||||||
| B | 010314384 | 560425CZ1 | 2024-12-30 | $6,924,341 | TO PURCHASE A BUILDING AND CONVERT IT TO A DORMITORY FOR THE PURPOSES OF S | 0 | 0 | Yes (1) |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $15,214 | $1,110,523 | $77,963 | $29,275 | $1,003,285 | 2024 | 0 | 0 | Yes (1) | Yes (1) | |||
| B | $6,924,341 | $138,700 | 2025 | 0 | 0 | 0 | Yes (1) | $440,200 | $5,297,043 | $1,048,398 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $250,762 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, WHO SHALL SERVES AS CHAIRPERSON, VICE-PRESIDENTS, TREASURER, SECRETARY, CHAIRS OF STANDING AND SPECIAL COMMITTEES, AND SUCH OTHER TRUSTEES AS MAY BE APPOINTED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL COORDINATE WITH THE CHAIRPERSON OF THE BOARD WITH RESPECT TO THE WORK OF THE BOARD, SERVE AS A SOUNDING BOARD FOR THE HEAD OF SCHOOLMASTER AND ACT IN PLACE OF THE BOARD BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE LACKS THE AUTHORITY TO MODIFY OR AMEND THE CORPORATION'S ARTICLES OF INCORPORATION, BY-LAWS, ANNUAL BUDGET OF THE CORPORATION, OR (UNLESS SPECIFICALLY DELEGATED TO THE EXECUTIVE COMMITTEE BY THE BOARD) STANDING RESOLUTIONS AND MAJOR POLICIES OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL REPORT ANY ACTIONS TO THE BOARD IN A TIMELY MANNER. |
| FORM 990, PART VI, SECTION B, LINE 11B | A FINAL PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BOARD VIA EMAIL PRIOR TO FILING. THE FULL BOARD REVIEWS THE FORM 990 AND ELECTRONICALLY VOTES TO APPROVE THE RETURN BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST FORM IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND OFFICERS. BOARD MEMBERS AND OFFICERS ARE ASKED TO COMPLETE THE FORM AND SUBMIT IT TO THE ORGANIZATION ON AN ANNUAL BASIS. THE BOARD MEMBERS AND OFFICERS ARE ALSO ASKED AT THE BEGINNING OF EACH MEETING IF THEY HAVE ANY CONFLICTS OF INTEREST. IF A CONFLICT IS IDENTIFIED, THEN THAT BOARD MEMBER OR OFFICER WITH THE CONFLICT WOULD ABSTAIN FROM VOTING ON ANY ISSUES THAT ARE RELEVANT TO THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT OF THE BOARD REVIEWS THE HEAD OF SCHOOL SALARY EACH YEAR AND THE PRESIDENT CONSULTS WITH EACH OF THE COMMITTEE CHAIRS IN DETERMINING BOTH THE SALARY AND THE BONUS PLAN. THE DETERMINATOIN PROCESS INCLUDES USE OF COMPARABILITY DATA AND PROCESS IS DOCUMENTED. THE CALCULATION OF THE BONUS IS ALSO REVIEWED BY THE SAME GROUP AND THE APPROVED BONUS AD COMPENSATION ARE SENT TO THE CFO IN WRITING FOR IMPLEMENTATION INTO THE PAYROLL SYSTEM. THE HEAD OF SCHOOL ANNUALLY DETERMINES THE COMPENSATOIN OF THE CFO USING COMPARABILITY DATA AND MAINTAINS DOCUMENTATOIN OF THE DELIBERATION AND DECISION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | NORTH YARMOUTH ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CERTAIN FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON APPROPRIATE REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF DEFERRED GIFTS 34,505. |
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