Civic Intelligence

Meridian Academy Inc.

990 • Fiscal year 2020 • EIN 43-2024960

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

Organization ProfileWWW.MERIDIANACADEMY.ORG
54 Brookside AvenueJamaica Plain, MA 02130

(617) 277-1118

Siviq Scores

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

Liabilities / Assets

84th percentile

0.57x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.34x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

41st percentile

1.5%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$79,217

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

9.7%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,347,236

Up $230,983 (+21%) from 2019

Net Assets

Up

$573,867

Up $38,191 (+7.1%) from 2019

Liabilities

Up

$773,369

Up $192,792 (+33%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin41st percentile

Revenue

Up

$2,295,551

Up $202,107 (+9.7%) from 2019

Expenses

Up

$2,260,189

Up $84,057 (+3.9%) from 2019

Net Income

Up

$35,362

Up $118,050 (+143%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $258,994Liabilities 2011: $121,204Net Assets 2011: $137,7902011Assets 2012: $290,469Liabilities 2012: $186,632Net Assets 2012: $103,8372012Assets 2013: $368,013Liabilities 2013: $287,560Net Assets 2013: $80,4532013Assets 2014: $713,807Liabilities 2014: $399,147Net Assets 2014: $314,6602014Assets 2015: $959,756Liabilities 2015: $467,345Net Assets 2015: $492,4112015Assets 2016: $1,118,106Liabilities 2016: $544,676Net Assets 2016: $573,4302016Assets 2017: $1,186,825Liabilities 2017: $488,232Net Assets 2017: $698,5932017Assets 2018: $1,172,353Liabilities 2018: $557,487Net Assets 2018: $614,8662018Assets 2019: $1,116,253Liabilities 2019: $580,577Net Assets 2019: $535,6762019Assets 2020: $1,347,236Liabilities 2020: $773,369Net Assets 2020: $573,8672020Assets 2021: $1,475,651Liabilities 2021: $864,458Net Assets 2021: $611,1932021Assets 2022: $1,517,206Liabilities 2022: $877,284Net Assets 2022: $639,9222022Assets 2023: $3,509,301Liabilities 2023: $2,849,408Net Assets 2023: $659,8932023Assets 2024: $3,429,512Liabilities 2024: $2,664,427Net Assets 2024: $765,0852024

Highlighted filing

2020

Assets$1,347,236
Liabilities$773,369
Net Assets$573,867
Open 2020 Filing

Operations Trend

Revenue Growth65th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $490,142Expenses 2011: $500,474Net Income 2011: -$10,3322011Revenue 2012: $799,907Expenses 2012: $835,575Net Income 2012: -$35,6682012Expenses 2013: $1,003,4922013Revenue 2014: $1,373,486Expenses 2014: $1,139,522Net Income 2014: $233,9642014Revenue 2015: $1,611,105Expenses 2015: $1,433,347Net Income 2015: $177,7582015Revenue 2016: $1,815,722Expenses 2016: $1,735,273Net Income 2016: $80,4492016Revenue 2017: $2,053,906Expenses 2017: $1,929,546Net Income 2017: $124,3602017Revenue 2018: $1,873,530Expenses 2018: $1,956,707Net Income 2018: -$83,1772018Revenue 2019: $2,093,444Expenses 2019: $2,176,132Net Income 2019: -$82,6882019Revenue 2020: $2,295,551Expenses 2020: $2,260,189Net Income 2020: $35,3622020Revenue 2021: $2,596,139Expenses 2021: $2,577,478Net Income 2021: $18,6612021Revenue 2022: $2,823,650Expenses 2022: $2,788,733Net Income 2022: $34,9172022Revenue 2023: $3,131,782Expenses 2023: $3,129,434Net Income 2023: $2,3482023Revenue 2024: $3,437,184Expenses 2024: $3,352,886Net Income 2024: $84,2982024

Highlighted filing

2020

Revenue$2,295,551
Expenses$2,260,189
Net Income$35,362
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.2
Gross Receipts
$2,295,551
Mission and Program Overview

Mission

Our mission is to educate students from grades 6-12. Our curriculum incorporates the best practices from both progressive and traditional schooling, encourgaing students to embrace the joys and challenges of lifelong learning and discovery.

Meridian academy is a nonprofit independent day school in jamaica plain, massachusetts. Meridian is an urban, independent, college preparatory school that mentors students in a small vibrant community to become creative, questioning, and analytical learners, as well as thoughtful involved citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$993,864$1,228,195▲ $234,331
Investments in Publicly Traded Securities$50,110$52,789▲ $2,679
Prepaid Expenses and Deferred Charges$23,383$23,924▲ $541
Land, Buildings, and Equipment, Net$38,082$21,803▼ $16,279
Accounts Receivable$10,814$20,525▲ $9,711
Total Assets$1,116,253$1,347,236▲ $230,983
Liabilities
Deferred Revenue$517,522$547,808▲ $30,286
Other Liabilities$0$155,000▲ $155,000
Accounts Payable and Accrued Expenses$63,055$70,561▲ $7,506
Total Liabilities$580,577$773,369▲ $192,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$535,676$573,867▲ $38,191
Total Net Assets Fund Balance$535,676$573,867▲ $38,191
Total Liabilities and Net Assets / Fund Balance$1,116,253$1,347,236▲ $230,983

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,282$219,430$230,712
Equipment$6,152$77,000$83,152
Other Land Buildings$4,369$65,727$70,096
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Josh AbramsPresidentFT$79,217$79,217

Board Members and Trustees

NameTitle
Beth SchultzBoard Member
Bill LundbergBoard Member
Jorge Abellas-martinBoard Member
Seth AbramowitzBoard Member
Tricia MorrowSecretary
Jim Maguire Started 121118Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,713
Program Service Revenue
$2,170,133
Investment Income
$266
Other Revenue
$6,439
All Other Contributions
$118,713
Change in Net Assets
$35,362

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,583,446
Revenue Not Reported on Financial Statements
$712,105
Revenue Not Reported on Form 990
$2,829
Other Revenue Adjustments
$712,105
Total Revenue per Audited Statements
$1,586,275
Total Revenue per Form 990
$2,295,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,054,398
Grants and Similar Amounts Paid$712,105
Other Expenses$493,686
Total Fundraising Expense$61
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$692,003$87,541-$779,544
Grants to Domestic Orgs$712,105--$712,105
Occupancy$204,234--$204,234
Other Employee Benefits$98,074$17,307-$115,381
Current Officers, Directors, Trustees, and Key Employees$42,000$42,000-$84,000
Payroll Taxes$71,699$3,774-$75,473
All Other Expenses$25,262$43,964$61$69,287
Depreciation Depletion$29,660--$29,660
Other Expenses$22,274$12,189-$22,274
Fees for Services Accounting-$12,000-$12,000
Insurance-$11,409-$11,409
Conferences and Meetings-$8,305-$8,305
Fees for Services Other-$519-$519
Total Functional Expenses$2,021,120$239,008$61$2,260,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,260,189
Expenses per Audited Statements$1,548,084
Total Expenses per Audited Statements$1,548,084
Expenses Not Reported on Financial Statements$712,105
Other Expense Adjustments$712,105
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
Ppp Loan$155,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

“The treasurer prepares and files the form 990 after review of the 990 by the treasurer, the president, and a member of the finance committee on the board.”

Form 990, Part VI, Section B, Line 12C

“The board of directors signs an annual certification stating that they have no conflicts of interest with the organization.”

Form 990, Part VI, Section B, Line 15A

“The board of directors researches what similar schools in the market pay, such as small elementary schools or the upper school head at larger high schools. The board has approved steady raises that are not always taken.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request and also available for viewing on the massachussetts attorney general's website and on guidestar.”

Filing and Contact Details

Filer

Filer Name
Meridian Academy Inc
EIN
43-2024960
Phone
6172771118
Address
54 BROOKSIDE AVENUE, JAMAICA PLAIN, MA 02130

Signing Officer

Name
James Maguire
Title
Treasurer
Phone
6172771118
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Abrams
Formed
2003
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
23
Volunteers
15

Preparer

Firm
Walter & Shuffain Pc
Address
ONE INTERNATIONAL PLACE SUITE 1010, BOSTON, MA 02110
Preparer
Stephen D Candelario
Phone
6174472700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization evaluates tax positions taken, or expected to be taken, in its tax returns to determine whether tax positions are more-likely-than-not of being sustained by the applicable federal or state authority. The organization has evaluated the tax positions taken in its previously filed returns and those expected to be taken in 2020 returns and believe they are more-likely-than-not of being sustained if examined by federal or state authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 712,105.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 712,105.”

Raw XML AppendixShowing 400 of 421 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt063055
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt070561
IRS990/AccountsReceivableGrp/BOYAmt010814
IRS990/AccountsReceivableGrp/EOYAmt020525
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MERIDIAN ACADEMY IS A NONPROFIT INDEPENDENT DAY SCHOOL IN JAMAICA PLAIN, MASSACHUSETTS. MERIDIAN IS AN URBAN, INDEPENDENT, COLLEGE PREPARATORY SCHOOL THAT MENTORS STUDENTS IN A SMALL VIBRANT COMMUNITY TO BECOME CREATIVE, QUESTIONING, AND ANALYTICAL LEARNERS, AS WELL AS THOUGHTFUL INVOLVED CITIZENS.
IRS990/AllOtherContributionsAmt0118713
IRS990/AllOtherExpensesGrp/FundraisingAmt061
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt043964
IRS990/AllOtherExpensesGrp/ProgramServicesAmt025262
IRS990/AllOtherExpensesGrp/TotalAmt069287
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06172771118
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt054 BROOKSIDE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0JAMAICA PLAIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002130
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0993864
IRS990/CashNonInterestBearingGrp/EOYAmt01228195
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt042000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt042000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt084000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt08305
IRS990/ConferencesMeetingsGrp/TotalAmt08305
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0118713
IRS990/CYGrantsAndSimilarPaidAmt0712105
IRS990/CYInvestmentIncomeAmt0266
IRS990/CYOtherExpensesAmt0493686
IRS990/CYOtherRevenueAmt06439
IRS990/CYProgramServiceRevenueAmt02170133
IRS990/CYRevenuesLessExpensesAmt035362
IRS990/CYSalariesCompEmpBnftPaidAmt01054398
IRS990/CYTotalExpensesAmt02260189
IRS990/CYTotalFundraisingExpenseAmt061
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02295551
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0517522
IRS990/DeferredRevenueGrp/EOYAmt0547808
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt029660
IRS990/DepreciationDepletionGrp/TotalAmt029660
IRS990/Desc0EDUCATE STUDENTS GRADES 6-12. OUR CURRICULUM INCORPORATES THE BEST PRACTICES FROM BOTH PROGRESSIVE AND TRADITIONAL SCHOOLING, ENCOURGAING STUDENTS TO EMBRACE THE JOYS AND CHALLENGES OF LIFELONG LEARNING AND DISCOVERY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02021120
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012000
IRS990/FeesForServicesAccountingGrp/TotalAmt012000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0519
IRS990/FeesForServicesOtherGrp/TotalAmt0519
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt080.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSH ABRAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1TRICIA MORROW
IRS990/Form990PartVIISectionAGrp/PersonNm2BETH SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm3JORGE ABELLAS-MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm4SETH ABRAMOWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM MAGUIRE STARTED 121118
IRS990/Form990PartVIISectionAGrp/PersonNm6BILL LUNDBERG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt079217
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0712105
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0712105
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0712105
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02295551
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011409
IRS990/InsuranceGrp/TotalAmt011409
IRS990/InvestmentIncomeGrp/ExclusionAmt0266
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0266
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt050110
IRS990/InvestmentsPubTradedSecGrp/EOYAmt052789
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0362157
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038082
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021803
IRS990/LandBldgEquipCostOrOtherBssAmt0383960
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO EDUCATE STUDENTS FROM GRADES 6-12. OUR CURRICULUM INCORPORATES THE BEST PRACTICES FROM BOTH PROGRESSIVE AND TRADITIONAL SCHOOLING, ENCOURGAING STUDENTS TO EMBRACE THE JOYS AND CHALLENGES OF LIFELONG LEARNING AND DISCOVERY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0535676
IRS990/NetAssetsOrFundBalancesEOYAmt0573867
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02829
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0535676
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0573867
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0204234
IRS990/OccupancyGrp/TotalAmt0204234
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017307
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt098074
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0115381
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CUSTODIAL EXPENSES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3FIELD TRIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012189
IRS990/OtherExpensesGrp/ProgramServicesAmt048756
IRS990/OtherExpensesGrp/ProgramServicesAmt140786
IRS990/OtherExpensesGrp/ProgramServicesAmt234267
IRS990/OtherExpensesGrp/ProgramServicesAmt322274
IRS990/OtherExpensesGrp/TotalAmt060945
IRS990/OtherExpensesGrp/TotalAmt140786
IRS990/OtherExpensesGrp/TotalAmt234267
IRS990/OtherExpensesGrp/TotalAmt322274
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0155000
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06439
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06439
IRS990/OtherRevenueTotalAmt06439
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087541
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0692003
IRS990/OtherSalariesAndWagesGrp/TotalAmt0779544
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03774
IRS990/PayrollTaxesGrp/ProgramServicesAmt071699
IRS990/PayrollTaxesGrp/TotalAmt075473
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023383
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023924
IRS990/PrincipalOfficerNm0JOSH ABRAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02170133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02170133
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt066436
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0678387
IRS990/PYInvestmentIncomeAmt011320
IRS990/PYOtherExpensesAmt0500115
IRS990/PYOtherRevenueAmt03085
IRS990/PYProgramServiceRevenueAmt02012602
IRS990/PYRevenuesLessExpensesAmt0-106756
IRS990/PYSalariesCompEmpBnftPaidAmt01021697
IRS990/PYTotalExpensesAmt02200199
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02093443
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt035362
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02170133
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt06152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083152
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0712105
IRS990ScheduleD/ExpensesSubtotalAmt01548084
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011282
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0219430
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0230712
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02829
IRS990ScheduleD/OtherExpensesNotIncludedAmt0712105
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04369
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt065727
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0155000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0712105
IRS990ScheduleD/RevenueNotReportedAmt02829
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0712105
IRS990ScheduleD/RevenueSubtotalAmt01583446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE FEDERAL OR STATE AUTHORITY. THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN 2020 RETURNS AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 712,105.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 712,105.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021803
IRS990ScheduleD/TotalExpensesPerForm990Amt02260189
IRS990ScheduleD/TotalLiabilityAmt0155000
IRS990ScheduleD/TotalRevenuePerForm990Amt02295551
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01586275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01548084
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL STRIVES TO INCLUDE ITS POLICY IN MULTIPLE FORMATS. THE SCHOOL INCLUDES THE POLICY IN ITS ADMISSIONS AND OTHER DOCUMENTS AS WELL AS ON ITS WEBSITE. EACH YEAR, THE SCHOOL PARTICIPATES IN A JOINT ADVERTISEMENT WITH OTHER SCHOOLS ANNOUNCING ITS POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0712105
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FINANCIAL AID DIRECTLY APPLIED TO STUDENT TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER PREPARES AND FILES THE FORM 990 AFTER REVIEW OF THE 990 BY THE TREASURER, THE PRESIDENT, AND A MEMBER OF THE FINANCE COMMITTEE ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SIGNS AN ANNUAL CERTIFICATION STATING THAT THEY HAVE NO CONFLICTS OF INTEREST WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS RESEARCHES WHAT SIMILAR SCHOOLS IN THE MARKET PAY, SUCH AS SMALL ELEMENTARY SCHOOLS OR THE UPPER SCHOOL HEAD AT LARGER HIGH SCHOOLS. THE BOARD HAS APPROVED STEADY RAISES THAT ARE NOT ALWAYS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST AND ALSO AVAILABLE FOR VIEWING ON THE MASSACHUSSETTS ATTORNEY GENERAL'S WEBSITE AND ON GUIDESTAR.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01116253
IRS990/TotalAssetsEOYAmt01347236
IRS990/TotalAssetsGrp/BOYAmt01116253
IRS990/TotalAssetsGrp/EOYAmt01347236
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0118713
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt061
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0239008
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02021120
IRS990/TotalFunctionalExpensesGrp/TotalAmt02260189
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0580577
IRS990/TotalLiabilitiesEOYAmt0773369
IRS990/TotalLiabilitiesGrp/BOYAmt0580577
IRS990/TotalLiabilitiesGrp/EOYAmt0773369
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0535676
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0573867
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02021120
IRS990/TotalProgramServiceRevenueAmt02170133
IRS990/TotalReportableCompFromOrgAmt079217
IRS990/TotalRevenueGrp/ExclusionAmt0266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02176572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02295551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01116253
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01347236
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt054 BROOKSIDE AVENUE
IRS990/USAddress/CityNm0JAMAICA PLAIN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002446
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MERIDIANACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MAGUIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06172771118
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERIDIAN ACADEMY INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,347,236
Liabilities
$773,369
Net assets
$573,867
Revenue
$2,295,551
Expenses
$2,260,189
Net income
$35,362
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.43$2.66$0.77$3.44$3.35$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.51$2.85$0.66$3.13$3.13$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.88$0.64$2.82$2.79$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.86$0.61$2.60$2.58$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.77$0.57$2.30$2.26$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.12$0.58$0.54$2.09$2.18$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.56$0.61$1.87$1.96$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.49$0.70$2.05$1.93$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.54$0.57$1.82$1.74$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.47$0.49$1.61$1.43$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.40$0.31$1.37$1.14$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.29$0.08$1.00
2012Summary only. Only limited summary data is available for this year.$0.29$0.19$0.10$0.80$0.84$0.04
2011Summary only. Only limited summary data is available for this year.$0.26$0.12$0.14$0.49$0.50$0.01