Civic Intelligence

Erskine Academy

990 • Fiscal year 2021 • EIN 01-0245261

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 01, 2021

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.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

34th percentile

4.9%

Higher net margin than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$196,979

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

9.9%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$15,376,753

Up $2,730,645 (+22%) from 2020

Net Assets

Up

$13,247,551

Up $1,849,783 (+16%) from 2020

Liabilities

Up

$2,129,202

Up $880,862 (+71%) from 2020

Revenue

Up

$8,271,438

Up $746,262 (+9.9%) from 2020

Expenses

Up

$7,869,291

Up $558,682 (+7.6%) from 2020

Net Income

Up

$402,147

Up $187,580 (+87%) from 2020

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

2021

Assets$15,376,753
Liabilities$2,129,202
Net Assets$13,247,551

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

2021

Revenue$8,271,438
Expenses$7,869,291
Net Income$402,147
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 1, 2021
Return Version
2020v4.1
Gross Receipts
$9,395,247
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$5,837,487$8,363,365▲ $2,525,878
Land, Buildings, and Equipment, Net$3,968,764$4,170,004▲ $201,240
Cash and Non-Interest-Bearing Accounts$2,785,200$2,785,072▼ $128
Accounts Receivable$9,521$17,805▲ $8,284
Inventories for Sale or Use$8,881$6,044▼ $2,837
Prepaid Expenses and Deferred Charges$1,644$3,618▲ $1,974
Total Assets$12,646,108$15,376,753▲ $2,730,645
Other Assets Total$34,611$30,845▼ $3,766
Liabilities
Mortgage Notes Payable Secured by Investment Property$484,124$1,291,160▲ $807,036
Other Liabilities$761,544$796,316▲ $34,772
Accounts Payable and Accrued Expenses$2,672$41,726▲ $39,054
Total Liabilities$1,248,340$2,129,202▲ $880,862
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,622,904$12,325,003▲ $1,702,099
Net Assets With Donor Restrictions$774,864$922,548▲ $147,684
Total Net Assets Fund Balance$11,397,768$13,247,551▲ $1,849,783
Total Liabilities and Net Assets / Fund Balance$12,646,108$15,376,753▲ $2,730,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,814,244$2,841,823$5,656,067
Equipment$629,950$2,236,009$2,865,959
Land$725,810-$725,810

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$774,864$1,250▲ $157,699-$915,290
2019$756,869$2,529▲ $33,765-$774,864
2018$699,395-▲ $75,865-$756,869
2017$680,171-▲ $67,734-$699,395
2016$622,914-▲ $80,649-$680,171
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael McquarrieHeadmasterFT$196,979$196,979

Board Members and Trustees

NameTitle
Brenda DrummondCo-vice President
Todd CummingsCo-vice President
Danielle BlanchardBoard Member
Matthew ClarkSecretary
Regan TylerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$739,225
Program Service Revenue
$7,177,677
Investment Income
$305,130
Other Revenue
$49,406
All Other Contributions
$19,544
Change in Net Assets
$402,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,271,438
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,447,635
Total Revenue per Audited Statements
$9,719,073
Total Revenue per Form 990
$8,271,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,600,109
Other Expenses$2,252,774
Total Fundraising Expense$39,395
Grants and Similar Amounts Paid$16,408
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,192,719$1,052,104-$4,244,823
Other Employee Benefits$819,059$204,765-$1,023,824
All Other Expenses$237,050$150,370-$387,420
Depreciation Depletion$340,245--$340,245
Other Expenses$203,587--$203,587
Current Officers, Directors, Trustees, and Key Employees$98,490$59,094$39,395$196,979
Occupancy-$140,017-$140,017
Payroll Taxes$107,586$26,897-$134,483
Insurance-$101,117-$101,117
Fees for Service Investment Mgmnt Fees-$32,123-$32,123
Grants to Domestic Individuals$16,408--$16,408
Fees for Services Accounting-$14,950-$14,950
Interest$13,272--$13,272
Office Expenses-$11,037-$11,037
Fees for Services Legal-$1,027-$1,027
Advertising-$623-$623
Total Functional Expenses$6,035,772$1,794,124$39,395$7,869,291

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,869,291
Total Expenses per Audited Statements$7,869,291
Total Expenses per Form 990$7,869,291
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$634,591
Custodial Liability for Student Activities$161,725
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
2021-09-01
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
125
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 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 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, 2020.

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IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0484124
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01291160
IRS990/NetAssetsOrFundBalancesBOYAmt011397768
IRS990/NetAssetsOrFundBalancesEOYAmt013247551
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0188564
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0188564
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01447635
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010622904
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012325003
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0140017
IRS990/OccupancyGrp/TotalAmt0140017
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011037
IRS990/OfficeExpensesGrp/TotalAmt011037
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034611
IRS990/OtherAssetsTotalGrp/EOYAmt030845
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0204765
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0819059
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01023824
IRS990/OtherExpensesGrp/Desc0MAINE STATE RETIREMENT
IRS990/OtherExpensesGrp/Desc1CORONAVIRUS EXPENSES
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE PROGRAM
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0451938
IRS990/OtherExpensesGrp/ProgramServicesAmt1298775
IRS990/OtherExpensesGrp/ProgramServicesAmt2256643
IRS990/OtherExpensesGrp/ProgramServicesAmt3203587
IRS990/OtherExpensesGrp/TotalAmt0451938
IRS990/OtherExpensesGrp/TotalAmt1298775
IRS990/OtherExpensesGrp/TotalAmt2256643
IRS990/OtherExpensesGrp/TotalAmt3203587
IRS990/OtherLiabilitiesGrp/BOYAmt0761544
IRS990/OtherLiabilitiesGrp/EOYAmt0796316
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049406
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049406
IRS990/OtherRevenueTotalAmt049406
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01052104
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03192719
IRS990/OtherSalariesAndWagesGrp/TotalAmt04244823
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026897
IRS990/PayrollTaxesGrp/ProgramServicesAmt0107586
IRS990/PayrollTaxesGrp/TotalAmt0134483
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01644
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03618
IRS990/PrincipalOfficerNm0MICHAEL MCQUARRIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1ON BEHALF PAYMENT
IRS990/ProgramServiceRevenueGrp/Desc2CAFETERIA
IRS990/ProgramServiceRevenueGrp/Desc3TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06394800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1451938
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2273015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt357924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06394800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1451938
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2273015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt357924
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt096422
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016116
IRS990/PYInvestmentIncomeAmt0-25193
IRS990/PYOtherExpensesAmt01849707
IRS990/PYOtherRevenueAmt010708
IRS990/PYProgramServiceRevenueAmt07443239
IRS990/PYRevenuesLessExpensesAmt0214567
IRS990/PYSalariesCompEmpBnftPaidAmt05444786
IRS990/PYTotalExpensesAmt07310609
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07525176
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0402147
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07415647
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02814244
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02841823
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05656067
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-2115
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0774864
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0915290
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-16408
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0157699
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-6111
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0756869
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02529
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0774864
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-12188
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033765
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-5802
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0699395
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0756869
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-12589
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt075865
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-7501
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0680171
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0699395
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-41009
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067734
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-7092
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0622914
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0680171
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-16300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt080649
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0629950
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02236009
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02865959
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07869291
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0725810
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0725810
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01447635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0634591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1161725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUMMER SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL LIABILITY FOR STUDENT ACTIVITIES
IRS990ScheduleD/RevenueNotReportedAmt01447635
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08271438
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, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04170004
IRS990ScheduleD/TotalExpensesPerForm990Amt07869291
IRS990ScheduleD/TotalLiabilityAmt0796316
IRS990ScheduleD/TotalRevenuePerForm990Amt08271438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09719073
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07869291
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/CashGrantAmt016408
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0196979
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/TotalCompensationFilingOrgAmt0196979
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00

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