Civic Intelligence

Erskine Academy

990 • Fiscal year 2015 • EIN 01-0245261

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 07, 2015

309 Windsor RoadSouth China, ME 04358

(207) 445-2962

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.15x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.19x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

55th percentile

4.2%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$116,371

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

60th percentile

3.2%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

2.0%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$9,676,904

Up $297,143 (+3.2%) from 2014

Net Assets

Up

$8,265,744

Up $310,119 (+3.9%) from 2014

Liabilities

Down

$1,411,160

Down $12,976 (-0.9%) from 2014

Revenue

Up

$7,300,794

Up $144,936 (+2.0%) from 2014

Expenses

Up

$6,990,675

Up $288,234 (+4.3%) from 2014

Net Income

Down

$310,119

Down $143,298 (-32%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $8,323,920Liabilities 2011: $1,546,121Net Assets 2011: $6,777,7992011Assets 2012: $8,587,622Liabilities 2012: $1,570,306Net Assets 2012: $7,017,3162012Assets 2013: $9,043,439Liabilities 2013: $1,541,242Net Assets 2013: $7,502,1972013Assets 2014: $9,379,761Liabilities 2014: $1,424,136Net Assets 2014: $7,955,6252014Assets 2015: $9,676,904Liabilities 2015: $1,411,160Net Assets 2015: $8,265,7442015Assets 2016: $9,929,506Liabilities 2016: $1,400,528Net Assets 2016: $8,528,9782016Assets 2017: $10,909,935Liabilities 2017: $1,467,222Net Assets 2017: $9,442,7132017Assets 2018: $11,638,740Liabilities 2018: $1,400,161Net Assets 2018: $10,238,5792018Assets 2019: $12,237,980Liabilities 2019: $1,461,054Net Assets 2019: $10,776,9262019Assets 2020: $12,646,108Liabilities 2020: $1,248,340Net Assets 2020: $11,397,7682020Assets 2021: $15,376,753Liabilities 2021: $2,129,202Net Assets 2021: $13,247,5512021Assets 2022: $14,051,350Liabilities 2022: $1,257,636Net Assets 2022: $12,793,7142022Assets 2023: $15,391,632Liabilities 2023: $1,266,467Net Assets 2023: $14,125,1652023Assets 2024: $16,859,076Liabilities 2024: $1,494,101Net Assets 2024: $15,364,9752024Assets 2025: $17,405,078Liabilities 2025: $1,102,642Net Assets 2025: $16,302,4362025

Highlighted filing

2015

Assets$9,676,904
Liabilities$1,411,160
Net Assets$8,265,744

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2011: $7,396,7092011Expenses 2012: $7,074,3442012Revenue 2013: $7,154,434Expenses 2013: $6,669,553Net Income 2013: $484,8812013Revenue 2014: $7,155,858Expenses 2014: $6,702,441Net Income 2014: $453,4172014Revenue 2015: $7,300,794Expenses 2015: $6,990,675Net Income 2015: $310,1192015Revenue 2016: $7,503,230Expenses 2016: $7,177,502Net Income 2016: $325,7282016Revenue 2017: $7,944,353Expenses 2017: $7,418,765Net Income 2017: $525,5882017Revenue 2018: $7,887,557Expenses 2018: $7,354,350Net Income 2018: $533,2072018Revenue 2019: $7,853,469Expenses 2019: $7,478,382Net Income 2019: $375,0872019Revenue 2020: $7,525,176Expenses 2020: $7,310,609Net Income 2020: $214,5672020Revenue 2021: $8,271,438Expenses 2021: $7,869,291Net Income 2021: $402,1472021Revenue 2022: $8,919,635Expenses 2022: $8,005,301Net Income 2022: $914,3342022Revenue 2023: $9,050,410Expenses 2023: $8,388,700Net Income 2023: $661,7102023Revenue 2024: $9,165,940Expenses 2024: $8,860,806Net Income 2024: $305,1342024Revenue 2025: $9,924,067Expenses 2025: $9,530,543Net Income 2025: $393,5242025

Highlighted filing

2015

Revenue$7,300,794
Expenses$6,990,675
Net Income$310,119
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 7, 2015
Return Version
2014v5.0
Gross Receipts
$7,300,794
Mission and Program Overview

Mission

Organization provides a quality education to students which enables them to achieve their potential and realize their goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,173,306$4,094,131▼ $79,175
Investments in Publicly Traded Securities$2,446,351$3,089,432▲ $643,081
Cash and Non-Interest-Bearing Accounts$2,660,343$2,425,561▼ $234,782
Accounts Receivable$38,867$11,165▼ $27,702
Prepaid Expenses and Deferred Charges$1,984$1,788▼ $196
Inventories for Sale or Use$1,705$1,387▼ $318
Total Assets$9,379,761$9,676,904▲ $297,143
Other Assets Total$57,205$53,440▼ $3,765
Liabilities
Mortgage Notes Payable Secured by Investment Property$779,932$736,495▼ $43,437
Other Liabilities$571,722$620,757▲ $49,035
Deferred Revenue$67,485$53,436▼ $14,049
Accounts Payable and Accrued Expenses$4,997$472▼ $4,525
Total Liabilities$1,424,136$1,411,160▼ $12,976
Net Assets / Fund Balance
Unrestricted Net Assets$5,444,974$5,120,484▼ $324,490
Temporarily Rstr Net Assets$1,853,580$2,494,620▲ $641,040
Permanently Rstr Net Assets$657,071$650,640▼ $6,431
Total Net Assets Fund Balance$7,955,625$8,265,744▲ $310,119
Total Liabilities and Net Assets / Fund Balance$9,379,761$9,676,904▲ $297,143

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,255,103$2,051,219$5,306,322
Leasehold Improvements$396,608$2,738,529$3,135,137
Land$442,420-$442,420

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$657,071-▲ $17,189-$650,640
2014$585,397-▲ $85,042-$657,071
2013$502,867-▲ $113,777-$585,397
2012$509,000-▲ $3,178-$502,867
2011$424,216$3,695▲ $89,585-$509,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael McquarrieHeadmasterFT$116,371$116,371

Board Members and Trustees

NameTitle
John W NoredPresident
Todd CummingsVice President
Matthew ClarkTrustee
Brenda DrummondSecretary
Regan TylerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,936
Program Service Revenue
$7,156,262
Investment Income
$36,012
Other Revenue
$41,584
All Other Contributions
$66,936
Change in Net Assets
$310,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,300,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,300,794
Total Revenue per Form 990
$7,300,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,018,915
Other Expenses$1,901,270
Grants and Similar Amounts Paid$70,490
Total Fundraising Expense$42,136
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,249,507$787,892-$4,037,399
Other Employee Benefits$619,300$121,490-$740,790
All Other Expenses$203,799$170,567$18,862$393,228
Depreciation Depletion$292,487$968-$293,455
Other Expenses$167,741--$167,741
Payroll Taxes$105,013$19,342-$124,355
Insurance-$120,078-$120,078
Current Officers, Directors, Trustees, and Key Employees$55,858$37,239$23,274$116,371
Grants to Domestic Individuals$70,490--$70,490
Interest$24,709--$24,709
Office Expenses-$14,457-$14,457
Fees for Services Accounting-$12,420-$12,420
Fees for Services Legal-$885-$885
Total Functional Expenses$5,663,201$1,285,338$42,136$6,990,675

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,990,675
Total Expenses per Audited Statements$6,990,675
Total Expenses per Form 990$6,990,675
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Summer Salaries Payable$510,610
Custodial Liability for Student Activities$110,147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed at a meeting of the board of directors before it is filed.

Form 990, Part VI, Section B, Line 12C

Reviewed annually by the board of directors.

Form 990, Part VI, Section B, Line 15A

Reviewed annually by the board of directors.

Form 990, Part VI, Section C, Line 19

Available upon request from the business office.

Filing and Contact Details

Filer

Filer Name
Erskine Academy
EIN
01-0245261
Phone
2074452962
Address
309 WINDSOR ROAD, SOUTH CHINA, ME 04358

Signing Officer

Name
Michael Mcquarrie
Title
Head Master
Phone
2074452962
Signed
2015-10-07

Organization Details

Principal Officer
Michael Mcquarrie
Formed
1883
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
136
Volunteers
0

Preparer

Firm
William H Brewer CPA
Address
858 WASHINGTON STREET, BATH, ME 04530
Preparer
William H Brewer
Phone
2074439759
Supplemental Narrative

Additional Explanations

Form 990 Part XI Line 2C

No change to oversight process during the tax year

Form 990 Part III Line 1

Erskine academy is an independent, secondary school approved for tuition purposes by the maine department of educational and cultural services. Historically, it has served the public interest in 9-12 education by providing educational, cultural, and extracurricular opportunities to the youth and familites of eight, primary sending communities: china, vassalboro, windsor, whitefield, palermo, jefferson, somerville, and chelsea, maine, all of which have no high school of their own and therefore have school choice. In addition to these students being tuitioned from their communities for educational purposes, erskine academy receives approximately 2% of its student body on a privately tuitioned basis and has recently added an increasing number of foreign students to its student population. Erskine academy is committed to presenting a comprehensive high school experience to the extent that fiscal and human resources are sufficient to enable it and the degree to which it is practicable. Due to responsible and efficient fiscal and human resource management, erskine retains many activities - curricular and cocurricular - that have been eliminated from surrounding public schools, such as shop technologies, home and consumer economics, the fine and performing arts, and modern and classical languages. Since it engages in no tuition contracts for enrollment with any community, erskine's student body is completely voluntary. Enrollment has increased dramatically in the past ten years. Course offerings in the diversified curriculum and a wide range of extracurricular activities are in part responsible for this growth; the responsive and caring service of a committed and skilled faculty has grown the school's reputation as being the school of choice. The school's growth and development reflect the communities' desire for an educational experience that is fit for the time and their students in preparation of a future that will demand higher education and preferred workplace dispositions. Local citizens and benefactors founded erskine academy in 1882 to fill a void in the educational opportunities available to students living in the rural areas. Today we stay true to that foundational charge - to serve as the school for students of surrounding towns that do not maintain their own high schools. To sustain its program and mission during a time of shrinking traditional student demographics, declining fiscal resources for education at the state and local levels, and the reconstitution of public schooling schemas, erskine endeavors to become less dependent of tuition dollars for its operations and functioning. Growth initiatives have included the establishmnet of a development office, stronger cultivation of alumni and family relationships, and the exploration of an international student and boarding program.

Financial Statement Notes

PART V, LINE 4:

To fund scholarships to graduating students to be used for higher education. Funds are also available to support students attending erskine academy.

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IRS990/OtherRevenueMiscGrp/BusinessCd0523299
IRS990/OtherRevenueMiscGrp/BusinessCd1523999
IRS990/OtherRevenueMiscGrp/Desc0UNREALIZED APPRECIATIO
IRS990/OtherRevenueMiscGrp/Desc1REALIZED LOSS
IRS990/OtherRevenueMiscGrp/ExclusionAmt047477
IRS990/OtherRevenueMiscGrp/ExclusionAmt1-5893
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt047477
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-5893
IRS990/OtherRevenueTotalAmt041584
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0787892
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03249507
IRS990/OtherSalariesAndWagesGrp/TotalAmt04037399
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019342
IRS990/PayrollTaxesGrp/ProgramServicesAmt0105013
IRS990/PayrollTaxesGrp/TotalAmt0124355
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0657071
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0650640
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01788
IRS990/PrincipalOfficerNm0MICHAEL MCQUARRIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07156262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07156262
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt027828
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt068249
IRS990/PYInvestmentIncomeAmt032619
IRS990/PYOtherExpensesAmt02001412
IRS990/PYOtherRevenueAmt0276745
IRS990/PYProgramServiceRevenueAmt06818666
IRS990/PYRevenuesLessExpensesAmt0453417
IRS990/PYSalariesCompEmpBnftPaidAmt04632780
IRS990/PYTotalExpensesAmt06702441
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07155858
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0310119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07156262
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03255103
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02051219
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05306322
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-6045
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0657071
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0650640
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-17575
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017189
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-5488
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0585397
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0657071
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-7880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt085042
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-3015
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0502867
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0585397
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-28232
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113777
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-5035
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0509000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0502867
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-4276
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03178
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-2496
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0424216
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03695
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0509000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-6000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt089585
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06990675
IRS990ScheduleD/LandGrp/BookValueAmt0442420
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0442420
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0396608
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02738529
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03135137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0510610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1110147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUMMER SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL LIABILITY FOR STUDENT ACTIVITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07300794
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO FUND SCHOLARSHIPS TO GRADUATING STUDENTS TO BE USED FOR HIGHER EDUCATION. FUNDS ARE ALSO AVAILABLE TO SUPPORT STUDENTS ATTENDING ERSKINE ACADEMY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04094131
IRS990ScheduleD/TotalExpensesPerForm990Amt06990675
IRS990ScheduleD/TotalLiabilityAmt0620757
IRS990ScheduleD/TotalRevenuePerForm990Amt07300794
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07300794
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06990675
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL SCHOOL DOCUMENTS STATE THAT THERE IS NO DISCRIMINATION BASED ON RACE,COLOR AND NATIONAL OR ETHNIC ORIGIN
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AMOUNTS RECEIVED FROM THE U S DEPT OF AGRICULTURE FOR SCHOOL HOT LUNCH PROGRAM
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070490
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AT A MEETING OF THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST FROM THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE TO OVERSIGHT PROCESS DURING THE TAX YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ERSKINE ACADEMY IS AN INDEPENDENT, SECONDARY SCHOOL APPROVED FOR TUITION PURPOSES BY THE MAINE DEPARTMENT OF EDUCATIONAL AND CULTURAL SERVICES. HISTORICALLY, IT HAS SERVED THE PUBLIC INTEREST IN 9-12 EDUCATION BY PROVIDING EDUCATIONAL, CULTURAL, AND EXTRACURRICULAR OPPORTUNITIES TO THE YOUTH AND FAMILITES OF EIGHT, PRIMARY SENDING COMMUNITIES: CHINA, VASSALBORO, WINDSOR, WHITEFIELD, PALERMO, JEFFERSON, SOMERVILLE, AND CHELSEA, MAINE, ALL OF WHICH HAVE NO HIGH SCHOOL OF THEIR OWN AND THEREFORE HAVE SCHOOL CHOICE. IN ADDITION TO THESE STUDENTS BEING TUITIONED FROM THEIR COMMUNITIES FOR EDUCATIONAL PURPOSES, ERSKINE ACADEMY RECEIVES APPROXIMATELY 2% OF ITS STUDENT BODY ON A PRIVATELY TUITIONED BASIS AND HAS RECENTLY ADDED AN INCREASING NUMBER OF FOREIGN STUDENTS TO ITS STUDENT POPULATION. ERSKINE ACADEMY IS COMMITTED TO PRESENTING A COMPREHENSIVE HIGH SCHOOL EXPERIENCE TO THE EXTENT THAT FISCAL AND HUMAN RESOURCES ARE SUFFICIENT TO ENABLE IT AND THE DEGREE TO WHICH IT IS PRACTICABLE. DUE TO RESPONSIBLE AND EFFICIENT FISCAL AND HUMAN RESOURCE MANAGEMENT, ERSKINE RETAINS MANY ACTIVITIES - CURRICULAR AND COCURRICULAR - THAT HAVE BEEN ELIMINATED FROM SURROUNDING PUBLIC SCHOOLS, SUCH AS SHOP TECHNOLOGIES, HOME AND CONSUMER ECONOMICS, THE FINE AND PERFORMING ARTS, AND MODERN AND CLASSICAL LANGUAGES. SINCE IT ENGAGES IN NO TUITION CONTRACTS FOR ENROLLMENT WITH ANY COMMUNITY, ERSKINE'S STUDENT BODY IS COMPLETELY VOLUNTARY. ENROLLMENT HAS INCREASED DRAMATICALLY IN THE PAST TEN YEARS. COURSE OFFERINGS IN THE DIVERSIFIED CURRICULUM AND A WIDE RANGE OF EXTRACURRICULAR ACTIVITIES ARE IN PART RESPONSIBLE FOR THIS GROWTH; THE RESPONSIVE AND CARING SERVICE OF A COMMITTED AND SKILLED FACULTY HAS GROWN THE SCHOOL'S REPUTATION AS BEING THE SCHOOL OF CHOICE. THE SCHOOL'S GROWTH AND DEVELOPMENT REFLECT THE COMMUNITIES' DESIRE FOR AN EDUCATIONAL EXPERIENCE THAT IS FIT FOR THE TIME AND THEIR STUDENTS IN PREPARATION OF A FUTURE THAT WILL DEMAND HIGHER EDUCATION AND PREFERRED WORKPLACE DISPOSITIONS. LOCAL CITIZENS AND BENEFACTORS FOUNDED ERSKINE ACADEMY IN 1882 TO FILL A VOID IN THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO STUDENTS LIVING IN THE RURAL AREAS. TODAY WE STAY TRUE TO THAT FOUNDATIONAL CHARGE - TO SERVE AS THE SCHOOL FOR STUDENTS OF SURROUNDING TOWNS THAT DO NOT MAINTAIN THEIR OWN HIGH SCHOOLS. TO SUSTAIN ITS PROGRAM AND MISSION DURING A TIME OF SHRINKING TRADITIONAL STUDENT DEMOGRAPHICS, DECLINING FISCAL RESOURCES FOR EDUCATION AT THE STATE AND LOCAL LEVELS, AND THE RECONSTITUTION OF PUBLIC SCHOOLING SCHEMAS, ERSKINE ENDEAVORS TO BECOME LESS DEPENDENT OF TUITION DOLLARS FOR ITS OPERATIONS AND FUNCTIONING. GROWTH INITIATIVES HAVE INCLUDED THE ESTABLISHMNET OF A DEVELOPMENT OFFICE, STRONGER CULTIVATION OF ALUMNI AND FAMILY RELATIONSHIPS, AND THE EXPLORATION OF AN INTERNATIONAL STUDENT AND BOARDING PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XI LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART III LINE 1
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01853580
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02494620
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09379761
IRS990/TotalAssetsEOYAmt09676904
IRS990/TotalAssetsGrp/BOYAmt09379761
IRS990/TotalAssetsGrp/EOYAmt09676904
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt066936
IRS990/TotalEmployeeCnt0136
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042136
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01285338
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05663201
IRS990/TotalFunctionalExpensesGrp/TotalAmt06990675
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01424136
IRS990/TotalLiabilitiesEOYAmt01411160
IRS990/TotalLiabilitiesGrp/BOYAmt01424136
IRS990/TotalLiabilitiesGrp/EOYAmt01411160
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07955625
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08265744
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05663201
IRS990/TotalProgramServiceRevenueAmt07156262
IRS990/TotalReportableCompFromOrgAmt0116371
IRS990/TotalRevenueGrp/ExclusionAmt077596
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07156262
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07300794
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.4$1.10$16.3$9.92$9.53$0.39
2024Detailed filing. Detailed filing data is available for this year.$16.9$1.49$15.4$9.17$8.86$0.31
2023Detailed filing. Detailed filing data is available for this year.$15.4$1.27$14.1$9.05$8.39$0.66
2022Detailed filing. Detailed filing data is available for this year.$14.1$1.26$12.8$8.92$8.01$0.91
2021Detailed filing. Detailed filing data is available for this year.$15.4$2.13$13.2$8.27$7.87$0.40
2020Detailed filing. Detailed filing data is available for this year.$12.6$1.25$11.4$7.53$7.31$0.21
2019Detailed filing. Detailed filing data is available for this year.$12.2$1.46$10.8$7.85$7.48$0.38
2018Detailed filing. Detailed filing data is available for this year.$11.6$1.40$10.2$7.89$7.35$0.53
2017Detailed filing. Detailed filing data is available for this year.$10.9$1.47$9.44$7.94$7.42$0.53
2016Detailed filing. Detailed filing data is available for this year.$9.93$1.40$8.53$7.50$7.18$0.33
2015Detailed filing. Detailed filing data is available for this year.$9.68$1.41$8.27$7.30$6.99$0.31
2014Detailed filing. Detailed filing data is available for this year.$9.38$1.42$7.96$7.16$6.70$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.04$1.54$7.50$7.15$6.67$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$1.57$7.02$7.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$1.55$6.78$7.40