Civic Intelligence

Erskine Academy

990 • Fiscal year 2018 • EIN 01-0245261

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 11, 2018

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

39th percentile

0.12x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.18x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

61st percentile

6.8%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

67th percentile

6.7%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-0.7%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$11,638,740

Up $728,805 (+6.7%) from 2017

Net Assets

Up

$10,238,579

Up $795,866 (+8.4%) from 2017

Liabilities

Down

$1,400,161

Down $67,061 (-4.6%) from 2017

Revenue

Down

$7,887,557

Down $56,796 (-0.7%) from 2017

Expenses

Down

$7,354,350

Down $64,415 (-0.9%) from 2017

Net Income

Up

$533,207

Up $7,619 (+1.4%) from 2017

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

2018

Assets$11,638,740
Liabilities$1,400,161
Net Assets$10,238,579

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

2018

Revenue$7,887,557
Expenses$7,354,350
Net Income$533,207
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 11, 2018
Return Version
2017v2.3
Gross Receipts
$7,887,557
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
Investments in Publicly Traded Securities$4,153,968$4,800,556▲ $646,588
Land, Buildings, and Equipment, Net$3,902,749$4,054,975▲ $152,226
Cash and Non-Interest-Bearing Accounts$2,555,778$2,729,204▲ $173,426
Accounts Receivable$246,643$8,613▼ $238,030
Inventories for Sale or Use$3,279$1,639▼ $1,640
Prepaid Expenses and Deferred Charges$1,610$1,610→ $0
Total Assets$10,909,935$11,638,740▲ $728,805
Other Assets Total$45,908$42,143▼ $3,765
Liabilities
Other Liabilities$708,569$728,091▲ $19,522
Mortgage Notes Payable Secured by Investment Property$645,119$593,089▼ $52,030
Accounts Payable and Accrued Expenses$110,509$74,576▼ $35,933
Deferred Revenue$3,025$4,405▲ $1,380
Total Liabilities$1,467,222$1,400,161▼ $67,061
Net Assets / Fund Balance
Unrestricted Net Assets$5,262,096$5,411,704▲ $149,608
Temporarily Rstr Net Assets$3,504,546$4,127,180▲ $622,634
Permanently Rstr Net Assets$676,071$699,695▲ $23,624
Total Net Assets Fund Balance$9,442,713$10,238,579▲ $795,866
Total Liabilities and Net Assets / Fund Balance$10,909,935$11,638,740▲ $728,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,113,609$2,455,266$5,568,875
Equipment$425,306$2,611,342$3,036,648
Land$516,060-$516,060

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$680,171-▲ $67,734-$699,395
2017$622,914-▲ $80,649-$680,171
2016$650,640-▼ $5,500-$622,914
2015$657,071-▲ $17,189-$650,640
2014$585,397-▲ $85,042-$657,071
Compensation and Service Providers

Board Members and Trustees

NameTitle
John W NoredPresident
Brenda DrummondCo-vice President
Todd CummingsCo-vice President
Matthew ClarkSecretary
Regan TylerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,924
Program Service Revenue
$7,765,001
Investment Income
$74,727
Other Revenue
$-2,095
All Other Contributions
$49,924
Change in Net Assets
$533,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,887,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$262,658
Total Revenue per Audited Statements
$8,150,215
Total Revenue per Form 990
$7,887,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,459,121
Other Expenses$1,866,265
Total Fundraising Expense$74,181
Grants and Similar Amounts Paid$28,964
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,524,531$754,251-$4,278,782
Other Employee Benefits$720,154$189,132-$909,286
All Other Expenses$230,540$138,564$44,812$413,916
Depreciation Depletion$276,470$915-$277,385
Current Officers, Directors, Trustees, and Key Employees$70,487$46,991$29,369$146,847
Other Expenses$140,013--$140,013
Payroll Taxes$98,234$25,972-$124,206
Insurance-$92,254-$92,254
Fees for Service Investment Mgmnt Fees-$42,952-$42,952
Grants to Domestic Individuals$28,964--$28,964
Fees for Services Accounting-$13,850-$13,850
Interest$12,272--$12,272
Office Expenses-$10,096-$10,096
Fees for Services Legal-$4,082-$4,082
Total Functional Expenses$5,961,110$1,319,059$74,181$7,354,350

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,354,350
Total Expenses per Audited Statements$7,354,350
Total Expenses per Form 990$7,354,350
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$599,490
Custodial Liability for Student Activities$128,601
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 11B

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
2018-09-11

Organization Details

Principal Officer
Michael Mcquarrie
Formed
1883
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
149
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 1.

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, 2018.

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IRS990/Desc0ERSKINE ACADEMY IS A PRIVATE NON PROFIT HIGH SCHOOL FOR GRADES 9-12. APPROXIMATELY 588 STUDENTS ATTENDED THE SCHOOL DURING THE 2017-2018 SCHOOL YEAR. OF THOSE STUDENTS, APPROXIMATELY 3 WERE FOREIGN STUDENTS.
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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt045908
IRS990/OtherAssetsTotalGrp/EOYAmt042143
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0189132
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0720154
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0909286
IRS990/OtherExpensesGrp/Desc0MAINE STATE RETIREMENT
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE PROGRAM
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0361648
IRS990/OtherExpensesGrp/ProgramServicesAmt1258166
IRS990/OtherExpensesGrp/ProgramServicesAmt2239631
IRS990/OtherExpensesGrp/ProgramServicesAmt3140013
IRS990/OtherExpensesGrp/TotalAmt0361648
IRS990/OtherExpensesGrp/TotalAmt1258166
IRS990/OtherExpensesGrp/TotalAmt2239631
IRS990/OtherExpensesGrp/TotalAmt3140013
IRS990/OtherLiabilitiesGrp/BOYAmt0708569
IRS990/OtherLiabilitiesGrp/EOYAmt0728091
IRS990/OtherRevenueMiscGrp/BusinessCd0523999
IRS990/OtherRevenueMiscGrp/Desc0REALIZED LOSS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-2095
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-2095
IRS990/OtherRevenueTotalAmt0-2095
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0754251
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03524531
IRS990/OtherSalariesAndWagesGrp/TotalAmt04278782
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025972
IRS990/PayrollTaxesGrp/ProgramServicesAmt098234
IRS990/PayrollTaxesGrp/TotalAmt0124206
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0676071
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0699695
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01610
IRS990/PrincipalOfficerNm0MICHAEL MCQUARRIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07765001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07765001
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0141499
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt056928
IRS990/PYInvestmentIncomeAmt063324
IRS990/PYOtherExpensesAmt02075261
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07739530
IRS990/PYRevenuesLessExpensesAmt0525588
IRS990/PYSalariesCompEmpBnftPaidAmt05286576
IRS990/PYTotalExpensesAmt07418765
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07944353
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0533207
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07765001
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03113609
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02455266
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05568875
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-7501
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0680171
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0699395
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-41009
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt067734
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-7092
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0622914
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0680171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt080649
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-5927
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0650640
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0622914
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-6045
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0657071
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0650640
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-17575
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017189
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-5488
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0585397
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0657071
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-7880
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt085042
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0425306
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02611342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03036648
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07354350
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0516060
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0516060
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0262658
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0599490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1128601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUMMER SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL LIABILITY FOR STUDENT ACTIVITIES
IRS990ScheduleD/RevenueNotReportedAmt0262658
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07887557
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, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04054975
IRS990ScheduleD/TotalExpensesPerForm990Amt07354350
IRS990ScheduleD/TotalLiabilityAmt0728091
IRS990ScheduleD/TotalRevenuePerForm990Amt07887557
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08150215
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07354350
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/CashGrantAmt028964
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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 1.
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 11B
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/BOYAmt03504546
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04127180
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010909935
IRS990/TotalAssetsEOYAmt011638740
IRS990/TotalAssetsGrp/BOYAmt010909935
IRS990/TotalAssetsGrp/EOYAmt011638740
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt049924
IRS990/TotalEmployeeCnt0149
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt074181
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01319059
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05961110
IRS990/TotalFunctionalExpensesGrp/TotalAmt07354350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01467222
IRS990/TotalLiabilitiesEOYAmt01400161
IRS990/TotalLiabilitiesGrp/BOYAmt01467222
IRS990/TotalLiabilitiesGrp/EOYAmt01400161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09442713
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010238579
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05961110
IRS990/TotalProgramServiceRevenueAmt07765001
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt072632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07765001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07887557
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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