Poland Spring Academy Inc

990EZ • Fiscal year 2013 • EIN 01-0527934

Jul 01, 2012 to Jun 30, 2013 • Filed on May 09, 2014

Organization Profile N/A

PO Box 217Poland, ME 04274-0217

Siviq Scores

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

1.96x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

3.58x

Higher debt load relative to revenue than 98% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

12%

Higher net margin than 67% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

59%

Faster asset growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

45%

Faster revenue growth than 84% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets97th percentile

Assets

$297,414

Up $109,854 (+59%) from 2012

Net Assets

-$286,082

Up $26,172 (+8.4%) from 2012

Liabilities

$583,496

Up $83,682 (+17%) from 2012

Revenue And Expenses

Liabilities / Revenue98th percentile Net Margin67th percentile

Revenue

$163,077

Up $50,333 (+45%) from 2012

Expenses

Down

$143,909

Down $58,472 (-29%) from 2012

Net Income

$19,168

Up $108,805 (+121%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

Highlighted filing

2013

Assets$297,414

Liabilities$583,496

Net Assets-$286,082

Open 2013 Filing

Operations Trend

Revenue Growth84th percentile

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

Highlighted filing

2013

Revenue$163,077

Expenses$143,909

Net Income$19,168

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: May 9, 2014
Return Version: 2012v2.3

Mission and Program Overview

Mission

Private school for grades k-12

Filing and Contact Details

Filer

EIN: 01-0527934

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
CompensationExplanation/Compensation/PersonName	0	ROBERTA HOWARD
CompensationExplanation/Compensation/PersonName	1	NANCY ALLEN
CompensationExplanation/Compensation/PersonName	2	GARY HOWARD
CompensationExplanation/Compensation/PersonName	3	CAROLYN MITCHELL
CompensationExplanation/Compensation/PersonName	4	TINA LEVASSEUR
CompensationExplanation/Compensation/PersonName	5	PHILIP DUBOIS
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	2582
IRS990EZ/CashSavingsAndInvestments/EOY	0	1510
IRS990EZ/ContributionsGiftsGrantsEtc	0	18123
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	19168
IRS990EZ/FeesAndOthPymtToIndContractors	0	3517
IRS990EZ/FiledScheduleA	0	true
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/GrossReceipts	0	163077
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InvestmentIncome	0	1
IRS990EZ/LandAndBuildings/BOY	0	154992
IRS990EZ/LandAndBuildings/EOY	0	152698
IRS990EZ/LoansToFromOfficers	0	10061
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	true
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	-312254
IRS990EZ/NetAssetsOrFundBalancesBOY	0	-312254
IRS990EZ/NetAssetsOrFundBalances/EOY	0	-286082
IRS990EZ/NetAssetsOrFundBalancesEOY	0	-286082
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	10317
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	40.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	5.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	5.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	5.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	40.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	000.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	13100
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	18000
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	ROBERTA HOWARD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	NANCY ALLEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	GARY HOWARD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	CAROLYN MITCHELL
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	TINA LEVASSEUR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	PHILIP DUBOIS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	DIRECTOR
IRS990EZ/OperatingSchool	0	true
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	29986
IRS990EZ/OtherAssetsTotal/EOY	0	143206
IRS990EZ/OtherChangesInNetAssets	0	7004
IRS990EZ/OtherExpensesTotal	0	33226
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	PRIVATE SCHOOL FOR GRADES K-12
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	PROVIDING K-12 EDUCATION FOR LOCAL AREA STUDENTS ON BOTH FULL AND PART TIME BASIS AND PROVIDING ASSISTANCE WITH HOME SCHOOLED STUDENTS.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	151212
IRS990EZ/ProgramServiceRevenue	0	144953
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/SalariesOtherCompEmplBenefits	0	96849
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/BOY	0	499814
IRS990EZ/SumOfTotalLiabilities/EOY	0	583496
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	14 HOPE SPRINGS ROAD
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	POLAND
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	ME
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	04274
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	ROBERTA HOWARD
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	2079984566
IRS990EZ/TotalAssets/BOY	0	187560
IRS990EZ/TotalAssets/EOY	0	297414
IRS990EZ/TotalExpenses	0	143909
IRS990EZ/TotalProgramServiceExpenses	0	151212
IRS990EZ/TotalRevenue	0	163077
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	N/A
IRS990ScheduleA/School170b1Aii	0	X
IRS990ScheduleE/ComplianceWithRevProc7550	0	true
IRS990ScheduleE/DiscriminateRaceAdmissPolicies	0	false
IRS990ScheduleE/DiscriminateRaceAthleticProg	0	false
IRS990ScheduleE/DiscriminateRaceEducPolicies	0	false
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty	0	false
IRS990ScheduleE/DiscriminateRaceOtherActy	0	false
IRS990ScheduleE/DiscriminateRaceScholarships	0	false
IRS990ScheduleE/DiscriminateRaceStudentsRights	0	false
IRS990ScheduleE/DiscriminateRaceUseOfFclts	0	false
IRS990ScheduleE/Form990ScheduleEPartII/Explanation	0	NO SOLICITATION BY NEWSPAPER OR BROADCAST MEDIA DURING THE ENROLLMENT PROCESS THE NONDISCRIMINATION POLICY IS LISTED ON THE ENROLLMENT FORM AVAILABLE ON WEBSITE
IRS990ScheduleE/Form990ScheduleEPartII/Identifier	0	PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference	0	SCHEDULE E LINE 3
IRS990ScheduleE/GovernmentFinancialAidReceived	0	false
IRS990ScheduleE/GovernmentFinancialAidRevoked	0	false
IRS990ScheduleE/MaintCopiesOfAllSolicitations	0	true
IRS990ScheduleE/MaintCopiesOfBrochuresEtc	0	true
IRS990ScheduleE/MaintRacialCompositionRecords	0	true
IRS990ScheduleE/MaintScholarshipsRecords	0	true
IRS990ScheduleE/NondiscriminatoryPolicyStmt	0	true
IRS990ScheduleE/PolicyPublViaBroadcastMedia	0	true
IRS990ScheduleE/PolicyStatementInBrochuresEtc	0	true
IRS990ScheduleL/LoanTable/ApprovedByBoard	0	true
IRS990ScheduleL/LoanTable/BalanceDue	0	10061
IRS990ScheduleL/LoanTable/Default	0	false
IRS990ScheduleL/LoanTable/LoanToOrganization	0	X
IRS990ScheduleL/LoanTable/NamePerson	0	ROBERTA HOWARD
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount	0	40604
IRS990ScheduleL/LoanTable/PurposeOfLoan	0	OPERATING CAPITAL
IRS990ScheduleL/LoanTable/WrittenAgreement	0	false
IRS990ScheduleL/TotalBalanceDue	0	10061
IRS990ScheduleO/GeneralExplanation/Explanation	0	EXPENSES ADVERTISING AND PROMOTION 70 OFFICE 7,193 INFORMATION TECHNOLOGY 16 TRAVEL 1,493 INSURANCE 9,547 STUDENT ACTIVITIES 307 FIELD TRIP FEES 173 CHARITABLE CONTRIBUTIONS 1,192 BAD DEBT 10,233 MISCELLANEOUS 282 NON-INVESTMENT DEPRECIATION 2,720 TOTAL 33,226
IRS990ScheduleO/GeneralExplanation/Explanation	1	PRIOR PERIOD ADJUSTMENTS 7,004
IRS990ScheduleO/GeneralExplanation/Explanation	2	ACCOUNTS RECEIVABLE 2,184 115,831 FURNITURE, FIXTURES & EQUIPMENT 8,011 8,011 LESS ACCUMULATED DEPRECIATION 5,318 5,745 DEVELOPMENT COSTS 25,109 25,109 TOTAL 29,986 143,206
IRS990ScheduleO/GeneralExplanation/Explanation	3	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 45,953 33,610 DEFERRED REVENUE 0 100,400 ACCRUED PAYROLL 46,407 40,878 SHORT-TERM NOTES PAYABLE 1,600 1,600 CONDITION OF MORTGAGE 50,000 50,000 LOANS FROM OFFICERS 8,907 10,061 MORTGAGE AND OTHER NOTES PAYABLE 346,947 346,947
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER CHANGES IN NET ASSETS OR FUND BALANCES
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	3	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	3	FORM 990-EZ, PART II, LINE 26
ReasonableCauseExplanation/Explanation	0	WE BELIEVE THAT REASONABLE CAUSE EXISTS FOR THE LATE FILING OF THE 2012 FORM 990-EZ. OUR ORGANIZATION HAS RECENTLY INCURRED A SERIES OF TRAGEDIES RESULTING IN NEGLECT OF A TIMELY FILED RETURN. WE HAD TWO INDIVIDUALS WHO WERE INTEGRAL TO OUR OPERATIONS PASS AWAY WITHIN MONTHS OF EACH OTHER. FIRST IN LATE DECEMBER, ONE OF OUR REGULAR VOLUNTEERS PASSED AWAY. NOT ONLY WAS HE HEAVILY INVOLVED IN THE DAY-TO-DAY OPERATIONS OF THE SCHOOL, HE WAS ALSO OUR VOLUNTEER BOOKKEEPER'S HUSBAND. AGAIN IN MID-FEBRUARY, TRAGEDY STRUCK WHEN OUR PRESIDENT'S HUSBAND PASSED AWAY. HE WAS ALSO A CO-FOUNDER, EMPLOYEE AND BOARD MEMBER. BOTH WILL BE GREATLY MISSED. AS A RESULT OF THE LOSSES MENTIONED ABOVE, THE EXTENSION FOR THE FORM 990 FELL THROUGH THE CRACKS. AS SOON AS IT WAS NOTED THAT THE DEADLINE WAS MISSED, WE SUBMITTED AN EXTENSION AND REQUEST FOR LATE ACCEPTANCE. IN LIGHT OF THE ABOVE CIRCUMSTANCES, WE REQUEST THAT ANY LATE FILING PENALTIES BE ABATED. UNDER PENALTY OF PERJURY, THESE STATEMENTS ARE TRUE A
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	010527934
ReturnHeader/Filer/Name/BusinessNameLine1	0	POLAND SPRING ACADEMY
ReturnHeader/Filer/NameControl	0	POLA
ReturnHeader/Filer/USAddress/AddressLine1	0	PO BOX 217
ReturnHeader/Filer/USAddress/City	0	POLAND
ReturnHeader/Filer/USAddress/State	0	ME
ReturnHeader/Filer/USAddress/ZIPCode	0	042740217
ReturnHeader/Officer/AuthorizeThirdParty	0	false
ReturnHeader/Officer/DateSigned	0	2014-05-09
ReturnHeader/Officer/Name	0	ROBERTA HOWARD
ReturnHeader/Officer/Title	0	PRESIDENT
ReturnHeader/Preparer/DatePrepared	0	2014-05-09
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	SMITH & ASSOCIATES CPAS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	500 US ROUTE 1 STE 203
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	YARMOUTH
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	ME
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	040966937
ReturnHeader/Preparer/Name	0	AMANDA SCHULTZ BROWN CPA
ReturnHeader/Preparer/Phone	0	2078468881
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-05-13T12:40:23-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $297,414
Liabilities: $583,496
Net assets: -$286,082
Revenue: $163,077
Expenses: $143,909
Net income: $19,168

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2023Detailed filing. Detailed filing data is available for this year.	$1.85	$4.00	$2.15	$0.49	$0.34	$0.15
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.88	$4.17	$2.29	$0.55	$0.53	$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.96	$4.27	$2.31	$0.11	$0.24	$0.13
2020Detailed filing. Detailed filing data is available for this year.	$2.05	$4.23	$2.18	$1.56	$1.69	$0.14
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$2.27	$4.31	$2.04	$1.75	$1.51	$0.24
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$2.30	$4.59	$2.28	$1.76	$1.62	$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.22	$4.65	$2.43	$2.42	$2.13	$0.29
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.85	$4.56	$2.71	$2.07	$1.97	$0.10
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.87	$4.68	$2.81	$2.04	$2.22	$0.18
2014Detailed filing. Detailed filing data is available for this year.	$2.63	$5.41	$2.78	$1.61	$1.53	$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.97	$5.83	$2.86	$1.63	$1.44	$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.88	$5.00	$3.12	$1.13	$2.02	$0.90
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.53	$4.75	$2.23	$1.97	$1.57	$0.40