Maine Arts Academy FY2021 filing

Tax-deductible

Augusta, ME501(c)(3)EducationEIN 47-4890021Revenue $3.2M in FY2021

On file with the IRSmaineartsacademy.org310 Cony Rd, 04330-0513 · Augusta, METax-exempt since Nov 2015School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$76K 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
3 of 6
filings with a surplus
Average surplus $52K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
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
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$153K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+31% vs prior year
Spent
$2.7M
To programs
81%
Net assets
$669K
By yearFY2020–FY2025
Revenue
$3.2M
FY2021▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.2M
FY2022$2.6M
FY2023$2.7M
FY2024$3.1M
FY2025$3.3M
Expenses
$2.7M
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$2.6M
FY2023$2.9M
FY2024$3.3M
FY2025$3.4M
Net assets
$669K
FY2021▲ +258%
Tap a bar for its year
Net assets by fiscal year
FY2020$187K
FY2021$669K
FY2022$845K
FY2023$723K
FY2024$574K
FY2025$476K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Nov 2015.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.2M Management & general 19% · $524K

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

8 people listed on the 990; $76K 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
$76,032Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Heather King’s $86K as Superintendent is at the 22nd percentile of top reported officer pay among 3395 $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

NameFY2023FY2022FY2021FY2020
Mary Heather King$85,769$82,686$76,032—
Deborah Emery———$83,300
Mary H King———$72,169

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 Maine Arts Academy 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

Provides high-quality college prep academics and arts education to transform students' lives.

Questions for Maine Arts Academy

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2020
01

The performing arts curriculum in music, theatre and dance will include lessons, technique classes, small and large group ensembles, comprehensive courses in theory, history, and more.

$2.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.2M
Other incomeLn 4–11$39K
Fees for servicesLn 2g$12K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.2M
Managementcol C$524K
Owns and owesPt X
$669K
net assets · Ln 32
Cash and savingsLn 1–2$648K
Total assetsLn 16$822K
LiabilitiesLn 26$153K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$3.2M
Fees for servicesLn 2g$12K
Investment incomeLn 3$215
Other incomeLn 4–11$39K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$648K
Cash and savings togetherLn 1–2$648K
Land, buildings, equipmentLn 10c$171K
Total assetsLn 16$822K
LiabilitiesLn 26$153K
Net assetsLn 32$669K
OperationsPt I, VI
EmployeesI 573
VolunteersI 617
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 FY21End FY21
Cash and savingsLn 1–2$513K$648K
Land, buildings, equipmentLn 10c$107K$171K
Total assetsLn 16$642K$822K
LiabilitiesLn 26$456K$153K
Net assetsLn 32$187K$669K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$875K$304K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$210K$156K$54K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$150K$97K$54K
Advertising and promotionLn 12$16K$14K$2K
Office expensesLn 13$100K$87K$13K
Information technologyLn 14$288K$256K$32K
RoyaltiesLn 15$0
OccupancyLn 16$255K$255K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$22K$21K$164
Other expenses (24a–d)Ln 24$380K$379K$1K
All other expensesLn 24e$32K$26K$6K
Total functional expensesLn 25$2.7M$2.2M$524K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.4M−$98K$476K 990 PDF
FY2024 $3.1M$3.3M−$105K$574K 990 PDF
FY2023 $2.7M$2.9M−$124K$723K 990 PDF
FY2022 $2.6M$2.6M$27K$845K 990 PDF
FY2021 Viewing $3.2M$2.7M$548K$669K 990 PDF
FY2020 $2.5M$2.4M$64K$187K 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 (6 parts)
Part I · Summary $3,238,498 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,397,027$3,187,430
I-9 Program service revenuePrior year $29,460$11,818
I-10 Investment incomePrior year $396$215
I-11 Other revenuePrior year $36,764$39,035
I-12 Total revenuePrior year $2,463,647$3,238,498
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,314,403$1,388,507
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,085,530$1,301,946
I-18 Total expensesPrior year $2,399,933$2,690,453
I-19 Revenue less expensesPrior year $63,714$548,045
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $3,238,498 across 8 lines filed
Lines not itemized here account for $26,874 of total revenue; see the IRS return.
VIII-1e Government grants$3,183,247
VIII-1f All other contributions, gifts and grants$4,183
VIII-1h Total contributions, gifts and grants$3,187,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,818$11,818
VIII-3 Investment incomeExcluded from tax $215$215
VIII-8 Net income from fundraising events$2,604
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,557$9,557
VIII-12 Total revenueRelated to mission $48,249 · Excluded from tax $215$3,238,498
Part IX · Statement of functional expenses $2,690,453 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $874,750 · Management $303,779$1,178,529
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $155,575 · Management $54,403$209,978
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $14,950$14,950
IX-11c Accounting feesManagement $6,000$6,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $96,839 · Management $53,537$150,376
IX-12 Advertising and promotionPrograms $14,106 · Management $2,280$16,386
IX-13 Office expensesPrograms $86,955 · Management $13,350$100,305
IX-14 Information technologyPrograms $256,341 · Management $31,600$287,941
IX-15 Royalties$0
IX-16 OccupancyPrograms $254,877$254,877
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $3,021$3,021
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $34,353$34,353
IX-23 InsurancePrograms $21,462 · Management $164$21,626
IX-24 Other expenses (24a–d)Programs $378,907 · Management $1,195$380,102
IX-24e All other expensesPrograms $26,217 · Management $5,792$32,009
IX-25 Total functional expensesPrograms $2,166,029 · Management $524,424 · Fundraising $0$2,690,453
Part X · Balance sheet $822,323 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $512,858$647,572
X-9 Prepaid expenses and deferred chargesStart of year $22,947$3,266
X-10c Land, buildings and equipment, netStart of year $106,655$171,485
X-16 Total assetsStart of year $642,460$822,323
X-17 Accounts payable and accrued expensesStart of year $137,091$113,914
X-26 Total liabilitiesStart of year $455,675$153,042
X-27 Net assets without donor restrictionsStart of year $137,388$634,301
X-28 Net assets with donor restrictionsStart of year $49,397$34,980
X-32 Total net assets or fund balancesStart of year $186,785$669,281
X-33 Total liabilities and net assetsStart of year $642,460$822,323
Part XI · Reconciliation of net assets $669,281 net assets at year end
XI-1 Total revenue$3,238,498
XI-2 Total expenses$2,690,453
XI-3 Revenue less expenses$548,045
XI-4 Net assets at start of year$186,785
XI-6 Donated services and use of facilities$113
XI-8 Prior period adjustments−$65,662
XI-10 Net assets at end of year$669,281

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

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