Civic Intelligence

Maine Arts Academy

990 • Fiscal year 2020 • EIN 47-4890021

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization Profilewww.maineartsacademy.org
11 Goldenrod LaneSidney, ME 04330

(207) 618-8908

Siviq Scores

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

Liabilities / Assets

87th percentile

0.71x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

57th percentile

0.18x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

44th percentile

2.6%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

61st percentile

$83,300

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

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

Asset Growth

78th percentile

30%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

43rd percentile

-2.3%

Faster revenue growth than 43% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$642,460

Up $146,895 (+30%) from 2019

Net Assets

Up

$186,785

Up $63,714 (+52%) from 2019

Liabilities

Up

$455,675

Up $83,181 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin44th percentile

Revenue

Down

$2,463,647

Down $57,930 (-2.3%) from 2019

Expenses

Up

$2,399,933

Up $266,846 (+13%) from 2019

Net Income

Down

$63,714

Down $324,776 (-84%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $13,471Liabilities 2016: $225,585Net Assets 2016: -$212,1142016Assets 2017: $111,851Liabilities 2017: $468,873Net Assets 2017: -$357,0222017Assets 2018: $132,721Liabilities 2018: $398,140Net Assets 2018: -$265,4192018Assets 2019: $495,565Liabilities 2019: $372,494Net Assets 2019: $123,0712019Assets 2020: $642,460Liabilities 2020: $455,675Net Assets 2020: $186,7852020Assets 2021: $822,323Liabilities 2021: $153,042Net Assets 2021: $669,2812021Assets 2022: $1,212,302Liabilities 2022: $366,851Net Assets 2022: $845,4512022Assets 2023: $4,317,490Liabilities 2023: $3,594,028Net Assets 2023: $723,4622023Assets 2024: $4,101,593Liabilities 2024: $3,527,713Net Assets 2024: $573,8802024

Highlighted filing

2020

Assets$642,460
Liabilities$455,675
Net Assets$186,785
Open 2020 Filing

Operations Trend

Revenue Growth43rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $11,178Expenses 2016: $223,292Net Income 2016: -$212,1142016Revenue 2017: $1,219,672Expenses 2017: $1,364,580Net Income 2017: -$144,9082017Revenue 2018: $1,540,958Expenses 2018: $1,449,356Net Income 2018: $91,6022018Revenue 2019: $2,521,577Expenses 2019: $2,133,087Net Income 2019: $388,4902019Revenue 2020: $2,463,647Expenses 2020: $2,399,933Net Income 2020: $63,7142020Revenue 2021: $3,238,498Expenses 2021: $2,690,453Net Income 2021: $548,0452021Revenue 2022: $2,603,235Expenses 2022: $2,576,734Net Income 2022: $26,5012022Revenue 2023: $2,748,824Expenses 2023: $2,873,188Net Income 2023: -$124,3642023Revenue 2024: $3,148,038Expenses 2024: $3,253,221Net Income 2024: -$105,1832024

Highlighted filing

2020

Revenue$2,463,647
Expenses$2,399,933
Net Income$63,714
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$2,463,647
Mission and Program Overview

Mission

The Academy is dedicated to academic excellence, commitment to the performing arts, leadership, integrity, and a virtuous code of conduct, all of which prepare students to meet the demands of a contemporary world through thoughtful attention to curriculum, culture, and civic responsibilities.

The Academy aims to transform students lives and contribute to the cultural capital of Maine by providing a high quality, comprehensive, college preparatory academic and arts education for high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$305,171$512,858▲ $207,687
Land, Buildings, and Equipment, Net$86,811$106,655▲ $19,844
Pledges and Grants Receivable$60,455--
Prepaid Expenses and Deferred Charges$31,098$22,947▼ $8,151
Accounts Receivable$12,030--
Total Assets$495,565$642,460▲ $146,895
Liabilities
Mortgage Notes Payable Secured by Investment Property$264,536$318,584▲ $54,048
Accounts Payable and Accrued Expenses$107,958$137,091▲ $29,133
Total Liabilities$372,494$455,675▲ $83,181
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$110,194$137,388▲ $27,194
Net Assets With Donor Restrictions$12,877$49,397▲ $36,520
Total Net Assets Fund Balance$123,071$186,785▲ $63,714
Total Liabilities and Net Assets / Fund Balance$495,565$642,460▲ $146,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$106,655$17,387$124,042
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Deborah EmeryExecutive DirectorFT$83,300$83,300
Mary H KingPrincipalFT$72,169$72,169

Board Members and Trustees

NameTitle
Janna TownsendPresident
Carl SteidelExecutive Vice-President
Sherry GilbertVice President
James GemmelDirector
Linda WarnerDirector
Timothy RectorDirector
Andrew LandrySecretary
Jeffrey DesrosiersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Snow Pond Center for the ArtsProfessional8 Goldenrod Lane, Sidney, ME 04330-
Revenue and Support

Revenue Composition

Contributions and Grants
$2,397,027
Program Service Revenue
$29,460
Investment Income
$396
Other Revenue
$36,764
All Other Contributions
$2,363,155
Change in Net Assets
$63,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,314,403
Other Expenses$1,085,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$763,552$329,783-$1,093,335
Travel$393,886--$393,886
Other Employee Benefits$158,967$62,101-$221,068
Information Technology$92,589$9,738-$102,327
All Other Expenses$65,859$25,619-$91,478
Office Expenses$57,927$19,557-$77,484
Fees for Services Legal-$23,534-$23,534
Insurance$13,181$186-$13,367
Other Expenses$12,823$231,602-$12,823
Interest-$9,561-$9,561
Fees for Services Accounting-$8,000-$8,000
Conferences and Meetings$1,293$5,876-$7,169
Depreciation Depletion-$4,536-$4,536
Total Functional Expenses$1,620,896$779,037$0$2,399,933
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
General Fundraising$33,872$33,872-$33,872
Total Events$33,872$33,872-$33,872
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 C, Line 19

“Policies and meeting minutes are on the website. All other documents are available upon request.”

Form 990, Part VI, Section A, Line 4

“Name changed from Snow Pond Arts Academy to Maine Arts Academy”

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

“They monitor and enforce compliance with the conflict of interest policy by putting in the policy manual that in the event that a Board member is employed by a business or has a secondary interest in a business which furnishes goods or services to the school, that Board member has to declare their secondary interest and refrain from debating or voting when it pertains to contracts with that business.”

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

“Board of Directors determine the compensation for the Executive Director”

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

“Board of Directors and Executive Director determines compensation for everyone else”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the CFO and Treasurer after that, it is presented to the Board.”

Filing and Contact Details

Filer

Filer Name
Maine Arts Academy
EIN
47-4890021
Phone
2076188908
Address
11 Goldenrod Lane, Sidney, ME 04330

Signing Officer

Name
Mary H King
Title
Executive Director
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janna Townsend
Formed
2016
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
51

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
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IRS990/OtherExpensesGrp/Desc2Shared Service Provider
IRS990/OtherExpensesGrp/Desc3Co-Curricular
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt145344
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2231602
IRS990/OtherExpensesGrp/ProgramServicesAmt0957
IRS990/OtherExpensesGrp/ProgramServicesAmt159862
IRS990/OtherExpensesGrp/ProgramServicesAmt212823
IRS990/OtherExpensesGrp/TotalAmt04557
IRS990/OtherExpensesGrp/TotalAmt1105206
IRS990/OtherExpensesGrp/TotalAmt2231602
IRS990/OtherExpensesGrp/TotalAmt312823
IRS990/OtherOrganizationDsc0School
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt036764
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt036764
IRS990/OtherRevenueTotalAmt036764
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0329783
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0763552
IRS990/OtherSalariesAndWagesGrp/TotalAmt01093335
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt060455
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031098
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022947
IRS990/PrincipalOfficerNm0Janna Townsend
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/Desc1Student Activity Accounts
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026746
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12714
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02394346
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0351
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01037090
IRS990/PYOtherRevenueAmt064255
IRS990/PYProgramServiceRevenueAmt062625
IRS990/PYRevenuesLessExpensesAmt0388490
IRS990/PYSalariesCompEmpBnftPaidAmt01095997
IRS990/PYTotalExpensesAmt02133087
IRS990/PYTotalRevenueAmt02521577
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt063714
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02397027
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0106655
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124042
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106655
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0General Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033872
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt033872
IRS990ScheduleG/MailSolicitationsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Policies and meeting minutes are on the website. All other documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Name changed from Snow Pond Arts Academy to Maine Arts Academy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2They monitor and enforce compliance with the conflict of interest policy by putting in the policy manual that in the event that a Board member is employed by a business or has a secondary interest in a business which furnishes goods or services to the school, that Board member has to declare their secondary interest and refrain from debating or voting when it pertains to contracts with that business.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board of Directors determine the compensation for the Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board of Directors and Executive Director determines compensation for everyone else
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 990 is reviewed by the CFO and Treasurer after that, it is presented to the Board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11B
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0495565
IRS990/TotalAssetsEOYAmt0642460
IRS990/TotalAssetsGrp/BOYAmt0495565
IRS990/TotalAssetsGrp/EOYAmt0642460
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02397027
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0779037
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01620896
IRS990/TotalFunctionalExpensesGrp/TotalAmt02399933
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0372494
IRS990/TotalLiabilitiesEOYAmt0455675

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$642,460
Liabilities
$455,675
Net assets
$186,785
Revenue
$2,463,647
Expenses
$2,399,933
Net income
$63,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.10$3.53$0.57$3.15$3.25$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.32$3.59$0.72$2.75$2.87$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.37$0.85$2.60$2.58$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.15$0.67$3.24$2.69$0.55
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.46$0.19$2.46$2.40$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.37$0.12$2.52$2.13$0.39
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.40$0.27$1.54$1.45$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.47$0.36$1.22$1.36$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.23$0.21$0.01$0.22$0.21