Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
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
5 people listed on the 990; $87K paid to officers and key staff.
Jedediah Schwalm’s $108K as President is at the 38th 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jedediah Schwalm | $108,462 | $97,252 | $91,090 | $87,254 | $87,254 | $85,800 |
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
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides supportive, evidence-based education for students with special needs, fostering their success and community contribution.
Questions for Atlantic Academy INC
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A special purpose private school (SPPS), approved by the state of maine department of education that specializes in providing education and treatment to students with autism, and emotional and behavioral disorders. The school operates year round in the mid coast region of maine.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $33K | $8K |
| Land, buildings, equipmentLn 10c | $15K | $17K |
| Total assetsLn 16 | $131K | $88K |
| LiabilitiesLn 26 | $72K | $128K |
| Net assetsLn 32 | $59K | −$40K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $111K | $111K | ||
| Other salaries and wagesLn 7 | $961K | $961K | ||
| Pension plan contributionsLn 8 | $16K | $16K | ||
| Other employee benefitsLn 9 | $44K | $44K | ||
| Payroll taxesLn 10 | $93K | $84K | $10K | |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $6K | $6K | ||
| OccupancyLn 16 | $77K | $77K | ||
| TravelLn 17 | $16K | $16K | ||
| InterestLn 20 | $6K | $6K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $17K | $17K | ||
| Other expenses (24a–d)Ln 24 | $126K | $126K | ||
| All other expensesLn 24e | $82K | $81K | $1K | |
| Total functional expensesLn 25 | $1.6M | $1.4M | $135K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.7M | $1.8M | −$83K | −$28K | 990 PDF |
| FY2024 | $1.5M | $1.5M | −$49K | $54K | 990 PDF |
| FY2023 | $1.7M | $1.6M | $98K | $109K | 990 PDF |
| FY2022 Viewing | $1.5M | $1.6M | −$99K | −$40K | 990 PDF |
| FY2021 | $1.3M | $1.2M | $157K | $59K | 990 PDF |
| FY2020 | $828K | $856K | −$28K | −$35K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,469,912 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 2 to look at
Part VIII · Statement of revenue $1,469,912 across 3 lines filed
Part IX · Statement of functional expenses $1,568,897 across 17 lines filed
Part X · Balance sheet $87,939 assets, 10 lines filed
Part XI · Reconciliation of net assets −$39,722 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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