Civic Intelligence

Erskine Academy

990 • Fiscal year 2019 • EIN 01-0245261

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 10, 2019

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

40th percentile

0.12x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.19x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

56th percentile

4.8%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$151,418

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

56th percentile

5.1%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-0.4%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$12,237,980

Up $599,240 (+5.1%) from 2018

Net Assets

Up

$10,776,926

Up $538,347 (+5.3%) from 2018

Liabilities

Up

$1,461,054

Up $60,893 (+4.3%) from 2018

Revenue

Down

$7,853,469

Down $34,088 (-0.4%) from 2018

Expenses

Up

$7,478,382

Up $124,032 (+1.7%) from 2018

Net Income

Down

$375,087

Down $158,120 (-30%) from 2018

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

2019

Assets$12,237,980
Liabilities$1,461,054
Net Assets$10,776,926

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

2019

Revenue$7,853,469
Expenses$7,478,382
Net Income$375,087
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 10, 2019
Return Version
2018v3.1
Gross Receipts
$7,862,056
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$4,800,556$5,469,041▲ $668,485
Land, Buildings, and Equipment, Net$4,054,975$3,982,447▼ $72,528
Cash and Non-Interest-Bearing Accounts$2,729,204$2,529,472▼ $199,732
Accounts Receivable$8,613$214,875▲ $206,262
Inventories for Sale or Use$1,639$2,121▲ $482
Prepaid Expenses and Deferred Charges$1,610$1,647▲ $37
Total Assets$11,638,740$12,237,980▲ $599,240
Other Assets Total$42,143$38,377▼ $3,766
Liabilities
Other Liabilities$728,091$747,632▲ $19,541
Mortgage Notes Payable Secured by Investment Property$593,089$543,843▼ $49,246
Accounts Payable and Accrued Expenses$74,576$169,579▲ $95,003
Deferred Revenue$4,405$0▼ $4,405
Total Liabilities$1,400,161$1,461,054▲ $60,893
Net Assets / Fund Balance
Unrestricted Net Assets$5,411,704$5,288,462▼ $123,242
Temporarily Rstr Net Assets$4,127,180$4,731,295▲ $604,115
Permanently Rstr Net Assets$699,695$757,169▲ $57,474
Total Net Assets Fund Balance$10,238,579$10,776,926▲ $538,347
Total Liabilities and Net Assets / Fund Balance$11,638,740$12,237,980▲ $599,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,041,378$2,595,583$5,636,961
Equipment$355,092$2,574,976$2,930,068
Land$585,977-$585,977

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$699,395-▲ $75,865-$756,869
2017$680,171-▲ $67,734-$699,395
2016$622,914-▲ $80,649-$680,171
2015$650,640-▼ $5,500-$622,914
2014$657,071-▲ $17,189-$650,640
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael McquarrieHeadmasterFT$151,418$151,418

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
$52,347
Program Service Revenue
$7,654,432
Investment Income
$146,690
Other Revenue
$0
All Other Contributions
$52,347
Change in Net Assets
$375,087

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,853,469
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$163,258
Total Revenue per Audited Statements
$8,016,727
Total Revenue per Form 990
$7,853,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,544,438
Other Expenses$1,919,378
Total Fundraising Expense$79,352
Grants and Similar Amounts Paid$14,566
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,402,814$821,818-$4,224,632
Other Employee Benefits$830,168$207,542-$1,037,710
All Other Expenses$258,825$143,875$49,069$451,769
Depreciation Depletion$283,482$939-$284,421
Other Expenses$161,691--$161,691
Current Officers, Directors, Trustees, and Key Employees$72,681$48,454$30,283$151,418
Payroll Taxes$104,542$26,136-$130,678
Insurance-$97,955-$97,955
Fees for Service Investment Mgmnt Fees-$27,761-$27,761
Interest$20,902--$20,902
Fees for Services Accounting-$15,675-$15,675
Grants to Domestic Individuals$14,566--$14,566
Office Expenses-$12,322-$12,322
Fees for Services Legal-$831-$831
Total Functional Expenses$5,995,722$1,403,308$79,352$7,478,382

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,478,382
Total Expenses per Audited Statements$7,478,382
Total Expenses per Form 990$7,478,382
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$600,136
Custodial Liability for Student Activities$147,496
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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 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
2019-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Mcquarrie
Formed
1883
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
139
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 2.

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 a few foreign students in 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, 2019.

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IRS990/Desc0ERSKINE ACADEMY IS A PRIVATE NON PROFIT HIGH SCHOOL FOR GRADES 9-12. APPROXIMATELY 571 STUDENTS ATTENDED THE SCHOOL DURING THE 2018-2019 SCHOOL YEAR. OF THOSE STUDENTS, APPROXIMATELY 3 WERE FOREIGN STUDENTS.
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0593089
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0543843
IRS990/NetAssetsOrFundBalancesBOYAmt010238579
IRS990/NetAssetsOrFundBalancesEOYAmt010776926
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt023018
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01411
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt024429
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0163258
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012322
IRS990/OfficeExpensesGrp/TotalAmt012322
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt042143
IRS990/OtherAssetsTotalGrp/EOYAmt038377
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0207542
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0830168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01037710
IRS990/OtherExpensesGrp/Desc0MAINE STATE RETIREMENT
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE PROGRAM
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0367623
IRS990/OtherExpensesGrp/ProgramServicesAmt1257604
IRS990/OtherExpensesGrp/ProgramServicesAmt2220824
IRS990/OtherExpensesGrp/ProgramServicesAmt3161691
IRS990/OtherExpensesGrp/TotalAmt0367623
IRS990/OtherExpensesGrp/TotalAmt1257604
IRS990/OtherExpensesGrp/TotalAmt2220824
IRS990/OtherExpensesGrp/TotalAmt3161691
IRS990/OtherLiabilitiesGrp/BOYAmt0728091
IRS990/OtherLiabilitiesGrp/EOYAmt0747632
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0821818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03402814
IRS990/OtherSalariesAndWagesGrp/TotalAmt04224632
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026136
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104542
IRS990/PayrollTaxesGrp/TotalAmt0130678
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0699695
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0757169
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01647
IRS990/PrincipalOfficerNm0MICHAEL MCQUARRIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07654432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07654432
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt049924
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt028964
IRS990/PYInvestmentIncomeAmt074727
IRS990/PYOtherExpensesAmt01866265
IRS990/PYOtherRevenueAmt0-2095
IRS990/PYProgramServiceRevenueAmt07765001
IRS990/PYRevenuesLessExpensesAmt0533207
IRS990/PYSalariesCompEmpBnftPaidAmt05459121
IRS990/PYTotalExpensesAmt07354350
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07887557
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0375087
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07655843
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03041378
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02595583
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05636961
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-5802
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0699395
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0756869
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-12589
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt075865
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-7501
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0680171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0699395
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-41009
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067734
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-7092
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0622914
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0680171
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt080649
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-5927
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0650640
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0622914
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-6045
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0657071
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0650640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-17575
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017189
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0355092
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02574976
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02930068
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07478382
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0585977
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0585977
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0163258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0600136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1147496
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUMMER SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL LIABILITY FOR STUDENT ACTIVITIES
IRS990ScheduleD/RevenueNotReportedAmt0163258
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07853469
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, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03982447
IRS990ScheduleD/TotalExpensesPerForm990Amt07478382
IRS990ScheduleD/TotalLiabilityAmt0747632
IRS990ScheduleD/TotalRevenuePerForm990Amt07853469
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08016727
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07478382
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/CashGrantAmt014566
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0151418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL MCQUARRIE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEADMASTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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 2.
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 A FEW FOREIGN STUDENTS IN 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/SubjectToExcsTaxNetInvstIncInd00

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