George Stevens Academy FY2021 filing

Tax-deductible

Blue Hill, ME501(c)(3)Since 1943EducationEIN 01-0247002

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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.
85¢ of each $1 spent went to programs.
$203K 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

FY2021 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$203K
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
4 mo
of spending, in cash
Looks good: 4.0 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
$1.4M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+6% vs prior year
Spent
$6.0M
To programs
85%
Net assets
$14.7M
By yearFY2020–FY2025
Revenue
$6.2M
FY2021▲ +6%
Revenue by fiscal year
FY2020$5.9M
FY2021$6.2M
FY2022$7.3M
FY2023$5.1M
FY2024$5.8M
FY2025$5.9M
Expenses
$6.0M
FY2021▲ +3%
Expenses by fiscal year
FY2020$5.8M
FY2021$6.0M
FY2022$6.0M
FY2023$6.4M
FY2024$5.5M
FY2025$5.3M
Net assets
$14.7M
FY2021▲ +11%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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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

85 cents of each dollar spent went to programs.

Program services 85% · $5.1M Management & general 11% · $681K Fundraising 4% · $224K

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; $203K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$141,138Pt VII · Sec A
Business Manager
$61,710Pt 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.

Provided by the organization

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2 program services account for $5.1M of program spending, described in the organization's own filed words · FY2020.
01

Provide secondary education to approximately 315 students.

$5.0Mprogram 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.

$125Kprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Fees for servicesLn 2g$4.1M
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$533K
Money outPt IX
$6.0M
Ln 25
Programscol B$5.1M
Managementcol C$681K
Fundraisingcol D$224K
Owns and owesPt X
$14.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$16.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$11K
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$533K
Gains on assetsLn 7$385K
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$7.8M
Land, buildings, equipmentLn 10c$6.1M
Total assetsLn 16$16.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$14.7M
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 FY21End FY21
Cash and savingsLn 1–2$3.0M$2.0M
InvestmentsLn 11–13$6.3M$7.8M
Land, buildings, equipmentLn 10c$6.2M$6.1M
Total assetsLn 16$15.5M$16.1M
LiabilitiesLn 26$2.2M$1.4M
Net assetsLn 32$13.3M$14.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$125K$125K
Pay of current officers, directors and key staffLn 5$256K$256K
Other salaries and wagesLn 7$3.2M$2.8M$198K$111K
Pension plan contributionsLn 8$94K$85K$6K$3K
Other employee benefitsLn 9$516K$478K$20K$19K
Payroll taxesLn 10$103K$87K$12K$3K
Legal feesLn 11b$63K$63K
Accounting feesLn 11c$33K$12K$21K
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$93K$64K$29K
Advertising and promotionLn 12$16K$10K$4K$2K
Office expensesLn 13$187K$179K$3K$4K
Information technologyLn 14$225K$206K$19K
OccupancyLn 16$180K$177K$2K$174
TravelLn 17$51K$51K$37
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$144K$134K$10K
InsuranceLn 23$70K$70K
Other expenses (24a–d)Ln 24$357K$347K$9K$2K
All other expensesLn 24e$269K$135K$102K$32K
Total functional expensesLn 25$6.0M$5.1M$681K$224K

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 Viewing $6.2M$6.0M$243K$14.7M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $6,240,531 across 8 lines filed
VIII-1e Government grants$1,085,939
VIII-1f All other contributions, gifts and grants$516,987
VIII-1g Noncash contributions (included above)$11,135
VIII-1h Total contributions, gifts and grants$1,602,926
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,104,474$4,104,474
VIII-3 Investment incomeExcluded from tax $148,499$148,499
VIII-7 Net gain or loss on sales of assetsExcluded from tax $384,632$384,632
VIII-12 Total revenueRelated to mission $4,104,474 · Unrelated business $0 · Excluded from tax $533,131$6,240,531
Part IX · Statement of functional expenses $5,997,265 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $125,350$125,350
IX-5 Pay of current officers, directors and key staffManagement $255,625$255,625
IX-7 Other salaries and wagesPrograms $2,845,116 · Management $198,217 · Fundraising $110,525$3,153,858
IX-8 Pension plan contributionsPrograms $84,757 · Management $6,303 · Fundraising $3,293$94,353
IX-9 Other employee benefitsPrograms $477,672 · Management $20,204 · Fundraising $18,556$516,432
IX-10 Payroll taxesPrograms $87,361 · Management $12,315 · Fundraising $3,394$103,070
IX-11b Legal feesPrograms $63,417$63,417
IX-11c Accounting feesPrograms $11,879 · Management $21,017$32,896
IX-11f Investment management feesManagement $37,756$37,756
IX-11g Other fees for servicesPrograms $63,693 · Fundraising $28,969$92,662
IX-12 Advertising and promotionPrograms $9,619 · Management $4,105 · Fundraising $2,470$16,194
IX-13 Office expensesPrograms $179,406 · Management $3,097 · Fundraising $4,089$186,592
IX-14 Information technologyPrograms $206,302 · Fundraising $18,981$225,283
IX-16 OccupancyPrograms $177,178 · Management $2,223 · Fundraising $174$179,575
IX-17 TravelPrograms $50,986 · Management $37$51,023
IX-20 InterestPrograms $22,589$22,589
IX-22 Depreciation, depletion and amortizationPrograms $134,099 · Management $9,618$143,717
IX-23 InsurancePrograms $70,174$70,174
IX-24 Other expenses (24a–d)Programs $346,802 · Management $8,642 · Fundraising $1,939$357,383
IX-24e All other expensesPrograms $135,159 · Management $102,133 · Fundraising $32,024$269,316
IX-25 Total functional expensesPrograms $5,091,559 · Management $681,292 · Fundraising $224,414$5,997,265
Part X · Balance sheet $16,148,143 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $293$5,000
X-2 Savings and temporary cash investmentsStart of year $2,959,402$2,013,201
X-3 Pledges and grants receivable$78,000
X-4 Accounts receivableStart of year $22,156$20,995
X-9 Prepaid expenses and deferred chargesStart of year $33,897$114,226
X-10c Land, buildings and equipment, netStart of year $6,159,003$6,075,704
X-11 Publicly traded securitiesStart of year $6,282,583$7,841,017
X-16 Total assetsStart of year $15,457,334$16,148,143
X-17 Accounts payable and accrued expensesStart of year $450,907$543,192
X-18 Grants payableStart of year $258,238$259,251
X-25 Other liabilitiesStart of year $732,100$0
X-26 Total liabilitiesStart of year $2,172,289$1,409,756
X-27 Net assets without donor restrictionsStart of year $3,433,181$2,757,590
X-28 Net assets with donor restrictionsStart of year $9,851,864$11,980,797
X-32 Total net assets or fund balancesStart of year $13,285,045$14,738,387
X-33 Total liabilities and net assetsStart of year $15,457,334$16,148,143
Part XI · Reconciliation of net assets $14,738,387 net assets at year end
XI-1 Total revenue$6,240,531
XI-2 Total expenses$5,997,265
XI-3 Revenue less expenses$243,266
XI-4 Net assets at start of year$13,285,045
XI-5 Net unrealized gains (losses) on investments$1,203,376
XI-9 Other changes in net assets$6,700
XI-10 Net assets at end of year$14,738,387

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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