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.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
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
$3.5M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
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
$3.1M
+15% vs prior year
Spent
$3.3M
To programs
46%
Net assets
$574K
By yearFY2020–FY2025
Revenue
$3.1M
FY2024▲ +15%
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
$3.3M
FY2024▲ +13%
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
$574K
FY2024▼ -21%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

46 cents of each dollar spent went to programs.

Program services 46% · $1.5M Management & general 54% · $1.8M

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Superintendent
$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 · $1.5M · in their own filed words · FY2023
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.

$1.5Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.0M
Other incomeLn 4–11$170K
Fees for servicesLn 2g$15K
Money outPt IX
$3.3M
Ln 25
Programscol B$1.5M
Managementcol C$1.8M
Owns and owesPt X
$574K
net assets · Ln 32
Cash and savingsLn 1–2$234K
Total assetsLn 16$4.1M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$3.0M
Fees for servicesLn 2g$15K
Other incomeLn 4–11$170K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
SavingsLn 2$234K
Cash and savings togetherLn 1–2$234K
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$653K
Total assetsLn 16$4.1M
LiabilitiesLn 26$3.5M
Net assetsLn 32$574K
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 FY24End FY24
Cash and savingsLn 1–2$171K$234K
Land, buildings, equipmentLn 10c$3.3M$3.2M
Total assetsLn 16$4.3M$4.1M
LiabilitiesLn 26$3.6M$3.5M
Net assetsLn 32$723K$574K
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$1.5M$1.0M$432K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$342K$225K$117K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$130K$51K$80K
Advertising and promotionLn 12$0
Office expensesLn 13$171K$132K$39K
Information technologyLn 14$17K$13K$5K
RoyaltiesLn 15$0
OccupancyLn 16$179K$179K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$166K$166K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$145K$145K
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$456K$13K$444K
All other expensesLn 24e$116K$27K$89K
Total functional expensesLn 25$3.3M$1.5M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.4M−$98K$476K 990 PDF
FY2024 Viewing $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 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,148,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,667,254$2,963,525
I-9 Program service revenuePrior year $11,894$14,754
I-10 Investment incomePrior year $417$0
I-11 Other revenuePrior year $69,259$169,759
I-12 Total revenuePrior year $2,748,824$3,148,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,369,432$1,814,261
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,503,756$1,438,960
I-18 Total expensesPrior year $2,873,188$3,253,221
I-19 Revenue less expensesPrior year −$124,364−$105,183
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 $3,148,038 across 7 lines filed
Lines not itemized here account for $98,859 of total revenue; see the IRS return.
VIII-1e Government grants$2,952,881
VIII-1f All other contributions, gifts and grants$10,644
VIII-1h Total contributions, gifts and grants$2,963,525
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,754$14,754
VIII-8 Net income from fundraising events$5,729
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65,171$65,171
VIII-12 Total revenueRelated to mission $178,784$3,148,038
Part IX · Statement of functional expenses $3,253,221 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 $1,040,611 · Management $431,504$1,472,115
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $225,096 · Management $117,050$342,146
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $7,826$7,826
IX-11c Accounting feesManagement $8,855$8,855
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $50,612 · Management $79,555$130,167
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $132,096 · Management $39,207$171,303
IX-14 Information technologyPrograms $12,509 · Management $4,562$17,071
IX-15 Royalties$0
IX-16 OccupancyManagement $178,946$178,946
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $166,108$166,108
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $145,372$145,372
IX-23 InsuranceManagement $40,643$40,643
IX-24 Other expenses (24a–d)Programs $12,607 · Management $443,649$456,256
IX-24e All other expensesPrograms $27,257 · Management $89,156$116,413
IX-25 Total functional expensesPrograms $1,500,788 · Management $1,752,433 · Fundraising $0$3,253,221
Part X · Balance sheet $4,101,593 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $171,354$233,764
X-3 Pledges and grants receivableStart of year $32,411$11,787
X-9 Prepaid expenses and deferred chargesStart of year $30,834$19,314
X-10c Land, buildings and equipment, netStart of year $3,337,891$3,183,643
X-15 Other assetsStart of year $745,000$653,085
X-16 Total assetsStart of year $4,317,490$4,101,593
X-17 Accounts payable and accrued expensesStart of year $219,028$152,713
X-26 Total liabilitiesStart of year $3,594,028$3,527,713
X-27 Net assets without donor restrictionsStart of year $705,964$564,331
X-28 Net assets with donor restrictionsStart of year $17,498$9,549
X-32 Total net assets or fund balancesStart of year $723,462$573,880
X-33 Total liabilities and net assetsStart of year $4,317,490$4,101,593
Part XI · Reconciliation of net assets $573,880 net assets at year end
XI-1 Total revenue$3,148,038
XI-2 Total expenses$3,253,221
XI-3 Revenue less expenses−$105,183
XI-4 Net assets at start of year$723,462
XI-8 Prior period adjustments−$44,399
XI-10 Net assets at end of year$573,880

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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