George Stevens Academy FY2020 filing

Tax-deductible

Blue Hill, ME501(c)(3)Since 1943EducationEIN 01-0247002Revenue $5.9M in FY2020

On file with the IRSgeorgestevensacademy.org23 Union St, 04614-5908 · Blue Hill, METax-exempt since Apr 1952School — 170(b)(1)(A)(ii)

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George Stevens Academy is an independent high school located on the coast of Maine.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$199K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $195K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
Spent
$5.8M
To programs
80%
Net assets
$13.3M
By yearFY2020–FY2025
Revenue
$5.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$6.2M
FY2022$7.3M
FY2023$5.1M
FY2024$5.8M
FY2025$5.9M
Expenses
$5.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.8M
FY2021$6.0M
FY2022$6.0M
FY2023$6.4M
FY2024$5.5M
FY2025$5.3M
Net assets
$13.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13.3M
FY2021$14.7M
FY2022$12.4M
FY2023$12.2M
FY2024$13.3M
FY2025$14.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $4.7M Management & general 16% · $931K Fundraising 4% · $241K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$138,960Pt VII · Sec A
Business Manager
$59,734Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Dan Welch’s $62K as Head of School is at the 11th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Timothy Seeley——$154,542$142,824$141,138$138,960
Timothy Seely—$73,658————
Shelley Borror Jackson—$71,154————
Dan Welch$62,500—————
Fred Heilner————$61,710$59,734
Shelley Jackson$56,491—————
Brock Muir—$56,281$55,698———
Seth Brown———$46,981——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students at an independent coastal Maine high school.

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Provided by the organization

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2 programs · $4.7M · in their own filed words · FY2019
01

Provide secondary education to approximately 315 students.

$4.5Mprogram expense
02

Provide financial assistance to graduating students who are furthering their education. Scholarships are granted on the basis of merit and type of continuing education.

$131Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$3K
Grants paid · 6 grants · $1.0M · 2019–2024
Unitemized GrantFY2024$232,740
Unitemized GrantFY2023$174,573
Unitemized GrantFY2022$166,342
Unitemized GrantFY2021$177,579
Unitemized GrantFY2020$125,350
Unitemized GrantFY2019$131,375

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Fees for servicesLn 2g$4.9M
Gifts and grantsLn 1h$530K
Investment incomeLn 3$435K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.7M
Managementcol C$931K
Fundraisingcol D$241K
Owns and owesPt X
$13.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$15.5M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$530K
Noncash giftsLn 1g$122K
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$435K
Other incomeLn 4–11$11K
Gains on assetsLn 7$237K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$293
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$6.2M
Total assetsLn 16$15.5M
LiabilitiesLn 26$2.2M
Net assetsLn 32$13.3M
OperationsPt I, VI
EmployeesI 5106
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.9M$3.0M
InvestmentsLn 11–13$6.8M$6.3M
Land, buildings, equipmentLn 10c$6.2M$6.2M
Total assetsLn 16$15.1M$15.5M
LiabilitiesLn 26$1.7M$2.2M
Net assetsLn 32$13.4M$13.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$131K$131K
Pay of current officers, directors and key staffLn 5$247K$247K
Other salaries and wagesLn 7$3.2M$2.8M$276K$155K
Pension plan contributionsLn 8$87K$75K$7K$4K
Other employee benefitsLn 9$527K$463K$38K$26K
Payroll taxesLn 10$105K$85K$15K$5K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$29K$24K$2K$3K
OccupancyLn 16$225K$225K
TravelLn 17$28K$28K
InterestLn 20$21K$16K$5K
Depreciation, depletion and amortizationLn 22$145K$135K$10K
InsuranceLn 23$65K$65K
Other expenses (24a–d)Ln 24$656K$537K$119K
All other expensesLn 24e$275K$89K$139K$47K
Total functional expensesLn 25$5.8M$4.7M$931K$241K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.9M$5.3M$639K$14.2M 990 PDF
FY2024 $5.8M$5.5M$336K$13.3M 990 PDF
FY2023 $5.1M$6.4M−$1.3M$12.2M 990 PDF
FY2022 $7.3M$6.0M$1.2M$12.4M 990 PDF
FY2021 $6.2M$6.0M$243K$14.7M 990 PDF
FY2020 Viewing $5.9M$5.8M$38K$13.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $5,866,443 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $495,364$530,416
I-9 Program service revenuePrior year $4,764,550$4,890,679
I-10 Investment incomePrior year $350,989$434,747
I-11 Other revenuePrior year $240,397$10,601
I-12 Total revenuePrior year $5,851,300$5,866,443
I-13 Grants and similar amounts paidPrior year $132,995$131,375
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,903,208$4,155,105
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,022,149$1,541,721
I-18 Total expensesPrior year $6,058,352$5,828,201
I-19 Revenue less expensesPrior year −$207,052$38,242
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,866,443 across 9 lines filed
VIII-1c Fundraising events$56,219
VIII-1f All other contributions, gifts and grants$474,197
VIII-1g Noncash contributions (included above)$122,336
VIII-1h Total contributions, gifts and grants$530,416
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,890,679$4,890,679
VIII-3 Investment incomeExcluded from tax $197,333$197,333
VIII-7 Net gain or loss on sales of assetsExcluded from tax $237,414$237,414
VIII-8 Net income from fundraising eventsExcluded from tax $10,601$10,601
VIII-12 Total revenueRelated to mission $4,890,679 · Unrelated business $0 · Excluded from tax $445,348$5,866,443
Part IX · Statement of functional expenses $5,828,201 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $131,375$131,375
IX-5 Pay of current officers, directors and key staffManagement $246,701$246,701
IX-7 Other salaries and wagesPrograms $2,759,062 · Management $275,638 · Fundraising $155,216$3,189,916
IX-8 Pension plan contributionsPrograms $75,468 · Management $6,877 · Fundraising $4,245$86,590
IX-9 Other employee benefitsPrograms $463,421 · Management $37,740 · Fundraising $26,064$527,225
IX-10 Payroll taxesPrograms $85,230 · Management $14,649 · Fundraising $4,794$104,673
IX-11b Legal feesManagement $8,501$8,501
IX-11c Accounting feesManagement $13,100$13,100
IX-11f Investment management feesManagement $39,028$39,028
IX-11g Other fees for servicesManagement $13,303$13,303
IX-12 Advertising and promotionPrograms $23,175$23,175
IX-13 Office expensesPrograms $24,372 · Management $1,654 · Fundraising $3,079$29,105
IX-16 OccupancyPrograms $225,428$225,428
IX-17 TravelPrograms $28,080$28,080
IX-20 InterestPrograms $15,511 · Management $5,298$20,809
IX-22 Depreciation, depletion and amortizationPrograms $135,366 · Management $10,064$145,430
IX-23 InsurancePrograms $64,615$64,615
IX-24 Other expenses (24a–d)Programs $536,554 · Management $119,330$655,884
IX-24e All other expensesPrograms $88,802 · Management $139,170 · Fundraising $47,291$275,263
IX-25 Total functional expensesPrograms $4,656,459 · Management $931,053 · Fundraising $240,689$5,828,201
Part X · Balance sheet $15,457,334 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $893$293
X-2 Savings and temporary cash investmentsStart of year $1,902,734$2,959,402
X-4 Accounts receivableStart of year $34,188$22,156
X-9 Prepaid expenses and deferred chargesStart of year $94,622$33,897
X-10c Land, buildings and equipment, netStart of year $6,248,373$6,159,003
X-11 Publicly traded securitiesStart of year $6,784,558$6,282,583
X-16 Total assetsStart of year $15,075,813$15,457,334
X-17 Accounts payable and accrued expensesStart of year $477,604$450,907
X-18 Grants payableStart of year $295,300$258,238
X-19 Deferred revenueStart of year $283,247$52,569
X-25 Other liabilitiesStart of year $0$732,100
X-26 Total liabilitiesStart of year $1,701,192$2,172,289
X-27 Net assets without donor restrictionsStart of year $3,693,464$3,433,181
X-28 Net assets with donor restrictionsStart of year $9,681,157$9,851,864
X-32 Total net assets or fund balancesStart of year $13,374,621$13,285,045
X-33 Total liabilities and net assetsStart of year $15,075,813$15,457,334
Part XI · Reconciliation of net assets $13,285,045 net assets at year end
XI-1 Total revenue$5,866,443
XI-2 Total expenses$5,828,201
XI-3 Revenue less expenses$38,242
XI-4 Net assets at start of year$13,374,621
XI-5 Net unrealized gains (losses) on investments−$197,918
XI-9 Other changes in net assets$70,100
XI-10 Net assets at end of year$13,285,045

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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