Temple Academy FY2021 filing

Tax-deductible

Waterville, ME501(c)(3)Since 2021EducationEIN 86-3042188

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Temple Academy exists to know the lord jesus christ and to make him know through accredited academic excellence and programs presented through our thoroughly christian biblical world view.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$50K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $77K a year · 7% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$414K
204% of total assets
Concern: liabilities are 204% 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
$175K
Spent
$386K
To programs
63%
Net assets
−$211K
By yearFY2021–FY2024
Revenue
$175K
FY2021
Revenue by fiscal year
FY2021$175K
FY2023$1.7M
FY2024$1.4M
FY2024$2.3M
Expenses
$386K
FY2021
Expenses by fiscal year
FY2021$386K
FY2023$1.6M
FY2024$1.5M
FY2024$1.9M
Net assets
−$211K
FY2021
Net assets by fiscal year
FY2021−$211K
FY2023−$287K
FY2024−$384K
FY2024$57K

From the FY2021 Form 990 (year ending August 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: FY2024. IRS ruling in Jun 2022.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $243K Management & general 37% · $142K Fundraising 0% · $2K

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; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Superintende
$50,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kevin J Wood’s $107K as Superintende is at the 36th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2021
Kevin J Wood$106,540———
Kevin Wood—$105,443$101,200$50,000

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 15aNo

Programs and updates

Educates students with academic excellence through a Christian biblical worldview.

Provided by the organization

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3 program services account for $236K of program spending, described in the organization's own filed words · FY2021.
01

Provide a k-12 christian education. Served approximately 200 students in fiscal year end 2021

$174Kprogram expense
02

Provide a daycare & preschool promoting christian values and sound academics

$57Kprogram expense
03

Provide drivers education while promoting christian values and sound driving principles

$5Kprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$175K
Ln 12
Fees for servicesLn 2g$138K
Other incomeLn 4–11$29K
Gifts and grantsLn 1h$8K
Money outPt IX
$386K
Ln 25
Programscol B$243K
Managementcol C$142K
Fundraisingcol D$2K
Owns and owesPt X
−$211K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$203K
LiabilitiesLn 26$414K
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$8K
Fees for servicesLn 2g$138K
Other incomeLn 4–11$29K
Total revenueLn 12$175K
Assets in detailPt X, end of year
CashLn 1$79K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$107K
Land, buildings, equipmentLn 10c$79K
Total assetsLn 16$203K
LiabilitiesLn 26$414K
Net assetsLn 32−$211K
OperationsPt I, VI
EmployeesI 546
VolunteersI 650
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
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$107K
Land, buildings, equipmentLn 10c$79K
Total assetsLn 16$0$203K
LiabilitiesLn 26$0$414K
Net assetsLn 32$0−$211K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$50K$2K$48K
Other salaries and wagesLn 7$188K$133K$54K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$12K$2K$8K$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$14K$13K$691
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$80K$77K$3K
All other expensesLn 24e$15K$9K$6K
Total functional expensesLn 25$386K$243K$142K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.4M$1.5M−$97K−$384K 990 PDF
FY2023 $1.7M$1.6M$79K−$287K 990 PDF
FY2022 Not on file
FY2021 Viewing $175K$386K−$211K−$211K 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 $175,097 across 6 lines filed
Lines not itemized here account for $2,080 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$8,044
VIII-1h Total contributions, gifts and grants$8,044
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $138,026$138,026
VIII-8 Net income from fundraising eventsExcluded from tax $3,374$3,374
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,573$23,573
VIII-12 Total revenueRelated to mission $161,599 · Excluded from tax $5,454$175,097
Part IX · Statement of functional expenses $386,134 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,500 · Management $47,500$50,000
IX-7 Other salaries and wagesPrograms $133,178 · Management $54,396$187,574
IX-12 Advertising and promotionManagement $4,630$4,630
IX-13 Office expensesPrograms $2,056 · Management $8,175 · Fundraising $1,617$11,848
IX-14 Information technologyManagement $2,608$2,608
IX-16 OccupancyPrograms $13,131 · Management $691$13,822
IX-20 InterestManagement $1,627$1,627
IX-22 Depreciation, depletion and amortizationPrograms $5,631$5,631
IX-23 InsuranceManagement $13,479$13,479
IX-24 Other expenses (24a–d)Programs $77,461 · Management $2,929$80,390
IX-24e All other expensesPrograms $8,921 · Management $5,604$14,525
IX-25 Total functional expensesPrograms $242,878 · Management $141,639 · Fundraising $1,617$386,134
Part X · Balance sheet $203,322 assets, 13 lines filed
X-1 Cash, non-interest-bearing$79,375
X-2 Savings and temporary cash investments$27,351
X-4 Accounts receivable$17,765
X-10c Land, buildings and equipment, net$78,831
X-16 Total assetsStart of year $0$203,322
X-17 Accounts payable and accrued expenses$15,703
X-19 Deferred revenue$283,843
X-24 Unsecured notes and loans payable$21,199
X-25 Other liabilities$12,654
X-26 Total liabilitiesStart of year $0$414,359
X-27 Net assets without donor restrictions−$211,037
X-32 Total net assets or fund balancesStart of year $0−$211,037
X-33 Total liabilities and net assetsStart of year $0$203,322
Part XI · Reconciliation of net assets −$211,037 net assets at year end
XI-1 Total revenue$175,097
XI-2 Total expenses$386,134
XI-3 Revenue less expenses−$211,037
XI-10 Net assets at end of year−$211,037

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

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