Civic Intelligence

Erskine Academy

990 • Fiscal year 2016 • EIN 01-0245261

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 12, 2016

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

0.14x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.19x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

57th percentile

4.3%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$133,495

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

55th percentile

2.6%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

2.8%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$9,929,506

Up $252,602 (+2.6%) from 2015

Net Assets

Up

$8,528,978

Up $263,234 (+3.2%) from 2015

Liabilities

Down

$1,400,528

Down $10,632 (-0.8%) from 2015

Revenue

Up

$7,503,230

Up $202,436 (+2.8%) from 2015

Expenses

Up

$7,177,502

Up $186,827 (+2.7%) from 2015

Net Income

Up

$325,728

Up $15,609 (+5.0%) from 2015

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

2016

Assets$9,929,506
Liabilities$1,400,528
Net Assets$8,528,978

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

2016

Revenue$7,503,230
Expenses$7,177,502
Net Income$325,728
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 12, 2016
Return Version
2015v2.1
Gross Receipts
$7,508,678
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$4,094,131$4,048,662▼ $45,469
Investments in Publicly Traded Securities$3,089,432$3,367,650▲ $278,218
Cash and Non-Interest-Bearing Accounts$2,425,561$2,451,561▲ $26,000
Accounts Receivable$11,165$8,589▼ $2,576
Prepaid Expenses and Deferred Charges$1,788$1,785▼ $3
Inventories for Sale or Use$1,387$1,585▲ $198
Total Assets$9,676,904$9,929,506▲ $252,602
Other Assets Total$53,440$49,674▼ $3,766
Liabilities
Mortgage Notes Payable Secured by Investment Property$736,495$692,076▼ $44,419
Other Liabilities$620,757$654,988▲ $34,231
Deferred Revenue$53,436$49,474▼ $3,962
Accounts Payable and Accrued Expenses$472$3,990▲ $3,518
Total Liabilities$1,411,160$1,400,528▼ $10,632
Net Assets / Fund Balance
Unrestricted Net Assets$5,120,484$5,118,945▼ $1,539
Temporarily Rstr Net Assets$2,494,620$2,787,119▲ $292,499
Permanently Rstr Net Assets$650,640$622,914▼ $27,726
Total Net Assets Fund Balance$8,265,744$8,528,978▲ $263,234
Total Liabilities and Net Assets / Fund Balance$9,676,904$9,929,506▲ $252,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,256,587$2,181,091$5,437,678
Leasehold Improvements$349,655$2,735,961$3,085,616
Land$442,420-$442,420

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$650,640-▼ $5,500-$622,914
2014$657,071-▲ $17,189-$650,640
2013$585,397-▲ $85,042-$657,071
2012$502,867-▲ $113,777-$585,397
2011$509,000-▲ $3,178-$502,867
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael McquarrieHeadmasterFT$133,495$133,495

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
$72,733
Program Service Revenue
$7,407,787
Investment Income
$22,912
Other Revenue
$-202
All Other Contributions
$72,733
Change in Net Assets
$325,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,503,230
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-62,504
Total Revenue per Audited Statements
$7,440,726
Total Revenue per Form 990
$7,503,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,155,837
Other Expenses$1,973,995
Grants and Similar Amounts Paid$47,670
Total Fundraising Expense$39,969
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,305,082$762,776-$4,067,858
Other Employee Benefits$680,258$149,325-$829,583
All Other Expenses$276,526$159,267$13,270$449,063
Depreciation Depletion$275,875$913-$276,788
Other Expenses$158,301--$158,301
Current Officers, Directors, Trustees, and Key Employees$64,078$42,718$26,699$133,495
Payroll Taxes$102,419$22,482-$124,901
Insurance-$99,511-$99,511
Grants to Domestic Individuals$47,670--$47,670
Interest$24,256--$24,256
Fees for Service Investment Mgmnt Fees-$18,269-$18,269
Fees for Services Accounting-$12,850-$12,850
Office Expenses-$12,422-$12,422
Fees for Services Legal-$797-$797
Total Functional Expenses$5,856,203$1,281,330$39,969$7,177,502

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,177,502
Total Expenses per Audited Statements$7,177,502
Total Expenses per Form 990$7,177,502
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$539,698
Custodial Liability for Student Activities$115,290
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
2016-09-12

Organization Details

Principal Officer
Michael Mcquarrie
Formed
1883
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
132
Volunteers
5

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 9:

ROUNDING ADJUSTMENT 10.

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.

PART X, LINE 2:

Erskine academy adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustments required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-then-likely-not be sustained upon examination by taxing authorities. The entity has analyzed the tax positions taken in its filings with the internal revenue service and state jurisdictions where it operates. The entity believes that its income tax filing position will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the entity's financial condition, results of operations, or cash flows. Accordingly, the entity has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2016.

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IRS990/Desc0ERSKINE ACADEMY IS A PRIVATE NON PROFIT HIGH SCHOOL FOR GRADES 9-12. APPROXIMATELY 585 STUDENTS ATTENDED THE SCHOOL DURING THE 2015-2016 SCHOOL YEAR. OF THOSE STUDENTS, APPROXIMATELY 15 WERE FOREIGN STUDENTS.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012422
IRS990/OfficeExpensesGrp/TotalAmt012422
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053440
IRS990/OtherAssetsTotalGrp/EOYAmt049674
IRS990/OtherChangesInNetAssetsAmt010
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0149325
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0680258
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0829583
IRS990/OtherExpensesGrp/Desc0MAINE STATE RETIREMENT
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE PROGRAM
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0338350
IRS990/OtherExpensesGrp/ProgramServicesAmt1321546
IRS990/OtherExpensesGrp/ProgramServicesAmt2261842
IRS990/OtherExpensesGrp/ProgramServicesAmt3158301
IRS990/OtherExpensesGrp/TotalAmt0338350
IRS990/OtherExpensesGrp/TotalAmt1321546
IRS990/OtherExpensesGrp/TotalAmt2261842
IRS990/OtherExpensesGrp/TotalAmt3158301
IRS990/OtherLiabilitiesGrp/BOYAmt0620757
IRS990/OtherLiabilitiesGrp/EOYAmt0654988
IRS990/OtherRevenueMiscGrp/BusinessCd0523999
IRS990/OtherRevenueMiscGrp/Desc0REALIZED LOSS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-202
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-202
IRS990/OtherRevenueTotalAmt0-202
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0762776
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03305082
IRS990/OtherSalariesAndWagesGrp/TotalAmt04067858
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022482
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102419
IRS990/PayrollTaxesGrp/TotalAmt0124901
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0650640
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0622914
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01785
IRS990/PrincipalOfficerNm0MICHAEL MCQUARRIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07407787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07407787
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt066936
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt070490
IRS990/PYInvestmentIncomeAmt036012
IRS990/PYOtherExpensesAmt01901270
IRS990/PYOtherRevenueAmt041584
IRS990/PYProgramServiceRevenueAmt07156262
IRS990/PYRevenuesLessExpensesAmt0310119
IRS990/PYSalariesCompEmpBnftPaidAmt05018915
IRS990/PYTotalExpensesAmt06990675
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07300794
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0325728
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07405089
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/BookValueAmt03256587
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02181091
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05437678
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-5927
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0650640
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0622914
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-6045
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0657071
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0650640
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-17575
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-5488
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0585397
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0657071
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-7880
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt085042
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-3015
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0502867
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0585397
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-28232
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113777
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-5035
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0509000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0502867
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-4276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03178
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07177502
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0442420
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0442420
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0349655
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02735961
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03085616
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-62504
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0539698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1115290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUMMER SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL LIABILITY FOR STUDENT ACTIVITIES
IRS990ScheduleD/RevenueNotReportedAmt0-62504
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07503230
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/ExplanationTxt1ERSKINE ACADEMY ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENTS REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-THEN-LIKELY-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ENTITY HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ENTITY BELIEVES THAT ITS INCOME TAX FILING POSITION WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ENTITY'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ENTITY HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04048662
IRS990ScheduleD/TotalExpensesPerForm990Amt07177502
IRS990ScheduleD/TotalLiabilityAmt0654988
IRS990ScheduleD/TotalRevenuePerForm990Amt07503230
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07440726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07177502
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/CashGrantAmt047670
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
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/ExplanationTxt4ROUNDING ADJUSTMENT 10.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE TO OVERSIGHT PROCESS DURING THE TAX YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ERSKINE 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 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XI LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART III LINE 1
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02494620
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02787119
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09676904
IRS990/TotalAssetsEOYAmt09929506
IRS990/TotalAssetsGrp/BOYAmt09676904
IRS990/TotalAssetsGrp/EOYAmt09929506
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt072733
IRS990/TotalEmployeeCnt0132
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039969
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01281330
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05856203
IRS990/TotalFunctionalExpensesGrp/TotalAmt07177502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01411160
IRS990/TotalLiabilitiesEOYAmt01400528
IRS990/TotalLiabilitiesGrp/BOYAmt01411160

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

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