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Meridian Academy INC FY2020 filing

Tax-deductible

Jamaica Plain, MA501(c)(3)Since 2003Education EIN 43-2024960Revenue $2.3M in FY2020

On file with the IRSmeridianacademy.org54 Brookside Ave, 02130-2645 · Jamaica Plain, MATax-exempt since Jul 2004School — 170(b)(1)(A)(ii)

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

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$79K 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 $16K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$773K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.3M
To programs
89%
Net assets
$574K
By yearFY2020–FY2025
Revenue
$2.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.8M
FY2023$3.1M
FY2024$3.4M
FY2025$3.8M
Expenses
$2.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.8M
FY2023$3.1M
FY2024$3.4M
FY2025$3.9M
Net assets
$574K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$574K
FY2021$611K
FY2022$640K
FY2023$660K
FY2024$765K
FY2025$694K

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 Jul 2004.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.0M Management & general 11% · $239K Fundraising 0% · $61

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

7 people listed on the 990; $79K 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
Josh Abrams
President
$79,217Pt VII · Sec A
Tricia Morrow
Secretary
$0Pt VII · Sec A
Beth Schultz
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Seth Abramowitz
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Lundberg
Board Member
$0Pt VII · Sec A

Sarah Parker’s $129K as Trustee, Head of School is at the 52nd 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah Parker$129,455—————
Josh Abrams$97,110$98,741$102,285$100,012—$79,217
Joshua Abrams————$98,591—

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.

See Meridian Academy INC executive salaries →

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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

Mentors students in a vibrant community to become creative, questioning, and analytical learners and thoughtful citizens.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2019
01

Educate 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.

$2.0Mprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$9K
Fidelity Investments Charitable Gift FundFY2024$8K
Total grants receivedfrom 2 funders$17K
Grants paid · 6 grants · $6.1M · 2019–2024
Unitemized GrantFY2024$1,496,501
Unitemized GrantFY2023$1,137,174
Unitemized GrantFY2022$1,097,994
Unitemized GrantFY2021$879,278
Unitemized GrantFY2020$824,366
Unitemized GrantFY2019$712,105

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$119K
Other incomeLn 4–11$6K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$239K
Fundraisingcol D$61
Owns and owesPt X
$574K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$773K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$266
Other incomeLn 4–11$6K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$53K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$1.3M
LiabilitiesLn 26$773K
Net assetsLn 32$574K
OperationsPt I, VI
EmployeesI 530
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$994K$1.2M
InvestmentsLn 11–13$50K$53K
Land, buildings, equipmentLn 10c$38K$22K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$581K$773K
Net assetsLn 32$536K$574K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$712K$712K
Pay of current officers, directors and key staffLn 5$84K$42K$42K
Other salaries and wagesLn 7$780K$692K$88K
Other employee benefitsLn 9$115K$98K$17K
Payroll taxesLn 10$75K$72K$4K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$519$519
OccupancyLn 16$204K$204K
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$158K$146K$12K
All other expensesLn 24e$69K$25K$44K$61
Total functional expensesLn 25$2.3M$2.0M$239K$61

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.8M$3.9M−$79K$694K 990 PDF
FY2024 $3.4M$3.4M$84K$765K 990 PDF
FY2023 $3.1M$3.1M$2K$660K 990 PDF
FY2022 $2.8M$2.8M$35K$640K 990 PDF
FY2021 $2.6M$2.6M$19K$611K 990 PDF
FY2020 Viewing $2.3M$2.3M$35K$574K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,295,551 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $66,436$118,713
I-9 Program service revenuePrior year $2,012,602$2,170,133
I-10 Investment incomePrior year $11,320$266
I-11 Other revenuePrior year $3,085$6,439
I-12 Total revenuePrior year $2,093,443$2,295,551
I-13 Grants and similar amounts paidPrior year $678,387$712,105
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,021,697$1,054,398
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $500,115$493,686
I-18 Total expensesPrior year $2,200,199$2,260,189
I-19 Revenue less expensesPrior year −$106,756$35,362
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,295,551 across 6 lines filed
VIII-1f All other contributions, gifts and grants$118,713
VIII-1h Total contributions, gifts and grants$118,713
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,170,133$2,170,133
VIII-3 Investment incomeExcluded from tax $266$266
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,439$6,439
VIII-12 Total revenueRelated to mission $2,176,572 · Unrelated business $0 · Excluded from tax $266$2,295,551
Part IX · Statement of functional expenses $2,260,189 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $712,105$712,105
IX-5 Pay of current officers, directors and key staffPrograms $42,000 · Management $42,000$84,000
IX-7 Other salaries and wagesPrograms $692,003 · Management $87,541$779,544
IX-9 Other employee benefitsPrograms $98,074 · Management $17,307$115,381
IX-10 Payroll taxesPrograms $71,699 · Management $3,774$75,473
IX-11c Accounting feesManagement $12,000$12,000
IX-11g Other fees for servicesManagement $519$519
IX-16 OccupancyPrograms $204,234$204,234
IX-19 Conferences, conventions and meetingsManagement $8,305$8,305
IX-22 Depreciation, depletion and amortizationPrograms $29,660$29,660
IX-23 InsuranceManagement $11,409$11,409
IX-24 Other expenses (24a–d)Programs $146,083 · Management $12,189$158,272
IX-24e All other expensesPrograms $25,262 · Management $43,964 · Fundraising $61$69,287
IX-25 Total functional expensesPrograms $2,021,120 · Management $239,008 · Fundraising $61$2,260,189
Part X · Balance sheet $1,347,236 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $993,864$1,228,195
X-4 Accounts receivableStart of year $10,814$20,525
X-9 Prepaid expenses and deferred chargesStart of year $23,383$23,924
X-10c Land, buildings and equipment, netStart of year $38,082$21,803
X-11 Publicly traded securitiesStart of year $50,110$52,789
X-16 Total assetsStart of year $1,116,253$1,347,236
X-17 Accounts payable and accrued expensesStart of year $63,055$70,561
X-19 Deferred revenueStart of year $517,522$547,808
X-25 Other liabilitiesStart of year $0$155,000
X-26 Total liabilitiesStart of year $580,577$773,369
X-27 Net assets without donor restrictionsStart of year $535,676$573,867
X-32 Total net assets or fund balancesStart of year $535,676$573,867
X-33 Total liabilities and net assetsStart of year $1,116,253$1,347,236
Part XI · Reconciliation of net assets $573,867 net assets at year end
XI-1 Total revenue$2,295,551
XI-2 Total expenses$2,260,189
XI-3 Revenue less expenses$35,362
XI-4 Net assets at start of year$535,676
XI-5 Net unrealized gains (losses) on investments$2,829
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$573,867

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

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