2026-05-14T17:46:18-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 010211536 NORTH YARMOUTH ACADEMY NORT 2078469051 148 MAIN STREET YARMOUTH ME 04096 JAMES CABOT PRESIDENT 2078469051 2026-05-13 1 1 LUKE BURNETT P01079018 9786202000 2026-05-13 2024 2025-03-06 01:10:19Z BENJAMIN JACKSON 148 MAIN STREET YARMOUTH ME 04096 16708603 0 X WWW.NYA.ORG X 1814 ME 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. 22 21 201 30 85466 0 1170995 2050810 13818203 14232188 179682 581260 -35624 22976 15133256 16887234 4283693 3491432 0 0 7101482 8750279 30000 0 635673 3714187 4585661 15129362 16827372 3894 59862 21748315 36029253 5188847 19368392 16559468 16660861 X 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. 0 0 14846935 3491432 14146722 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 14846935 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 98 0 1 201 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 ME X ALAN CLARANCE 2078475426 148 MAIN STREET YARMOUTH ME 04096 JESSICA LYNCH TRUSTEE 15.00 X 30636 0 0 JAMES CABOT PRESIDENT 2.00 X X 0 0 0 LINDA MANCHESTER PAST PRESIDENT 2.00 X X 0 0 0 SARAH KIRBY VICE PRESIDENT 1.00 X X 0 0 0 BETSY TODD VICE PRESIDENT 1.00 X X 0 0 0 BARBARA MARR SECRETARY 1.00 X X 0 0 0 JASON CURRIER TRESURER 1.00 X X 0 0 0 RICK ABBONDANZA TRUSTEE 1.00 X 0 0 0 FREDDIE DANIEL TRUSTEE 1.00 X 0 0 0 BOB HILSCHER TRUSTEE 1.00 X 0 0 0 NATHAN ISAACSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER LORENZ TRUSTEE 1.00 X 0 0 0 STEVE MALCOM TRUSTEE 1.00 X 0 0 0 DREW OESTREICHER TRUSTEE 1.00 X 0 0 0 LORI POULIN TRUSTEE 1.00 X 0 0 0 CHRISTIE RANA TRUSTEE 1.00 X 0 0 0 HANNAH RENYI TRUSTEE 1.00 X 0 0 0 PETER ROBBINS TRUSTEE 1.00 X 0 0 0 CATRIONA SANGSTER TRUSTEE 1.00 X 0 0 0 VALENTINE SHELDON TRUSTEE 1.00 X 0 0 0 MEG STORNELLI TRUSTEE 1.00 X 0 0 0 CATY WERNER TRUSTEE 1.00 X 0 0 0 BENJAMIN JACKSON HEAD OF SCHOOL 50.00 X 268253 0 90338 ALAN CLARANCE CFO (FROM JULY 2024) 50.00 X 73310 0 12724 JENNIFER RICHARD DIRECTOR OF DEVELOPMENT 50.00 X 175590 0 53922 ERIC AUSTIN HEAD OF UPPER SCHOOL 50.00 X 126447 0 5401 MARISSA MARKONISH HEAD OF MIDDLE SCHOOL 50.00 X 126806 0 5401 801042 0 167786 4 0 1 0 0 119915 1930895 250762 2050810 TUITION, FEES AND OTHER PROGRAM 900099 12680997 12680997 AUXILIARY 900099 1551191 1465725 85466 14232188 228835 228835 15000 20283 -5283 -5283 -5283 107000 15000 -230425 0 337425 15000 352425 352425 59770 119915 31511 28259 28259 16887234 14146722 85466 604236 3491432 3491432 499543 95112 278683 125748 5822280 5302681 293833 225766 210119 176813 20929 12377 1741062 1560275 101685 79102 477275 412864 40191 24220 41939 41939 50548 50548 7157 7157 943513 908099 2932 32482 225615 108145 66270 51200 226939 168534 51137 7268 768542 712905 55637 139343 102390 18062 18891 1297 1297 118738 107117 11621 1096250 986372 109878 160331 47794 112537 EDUCATION EXPENSES 633193 608137 24976 80 OTHER EXPENSES 143674 49823 35312 58539 BAD DEBT EXPENSE 28582 7145 21437 16827372 14846935 1344764 635673 325 350 1772421 3271113 206049 7131416 160390 114860 34749686 13764208 15951614 20985478 3195375 3964856 462141 561180 21748315 36029253 1005933 1385313 1644286 8685084 938751 948537 1599877 8349458 5188847 19368392 X 11239722 10427974 5319746 6232887 16559468 16660861 21748315 36029253 X 59862 7026 34505 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3394811 825958 439611 107000 4553380 2532438 678837 268536 85000 3394811 2395792 43514 173132 80000 2532438 2467135 335207 -346550 60000 2395792 1861505 92764 572866 60000 2467135 0.14500 0.65840 0.19660 0 0 1769948 1769948 27807476 10573326 17234150 4860307 3190882 1669425 311955 311955 20985478 X 13461687 7026 34505 41531 13420156 7157 3459921 3467078 16887234 13360294 0 13360294 7157 3459921 3467078 16827372 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. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE ACADEMY'S WEBSITE AND IN THE STUDENT AND PARENT HANDBOOK AND IN THE EMPLOYEE HANDBOOK. AUCTION 179685 119915 59770 11368 19393 750 179685 119915 59770 11368 19393 750 31511 28259 1 FINANCIAL AID 169 3491432 PART I, LINE 2: ALL FINANCIAL AID IS CREDITED DIRECTLY TO THE STUDENTS ACCOUNT BALANCES. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 BENJAMIN JACKSON HEAD OF SCHOOL 236375 0 20000 0 11878 0 9455 0 80883 0 358591 0 0 0 JENNIFER RICHARD DIRECTOR OF DEVELOPMENT 157590 0 15000 0 3000 0 6304 0 47618 0 229512 0 0 0 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. A MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES 010314384 560425CZ1 2023-12-05 1110523 CAMPUS IMPROVEMENT FUNDING 0 0 1 B MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES 010314384 560425CZ1 2024-12-30 6924341 TO PURCHASE A BUILDING AND CONVERT IT TO A DORMITORY FOR THE PURPOSES OF S 0 0 1 A 15214 1110523 77963 29275 1003285 2024 0 0 1 1 B 6924341 440200 138700 5297043 1048398 2025 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 9 250762 STOCK MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE TOTAL IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. 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.