Totals
- Total revenue
- $5,801,262
- Total expenses
- $5,465,609
- Contributions and grants received
- $857,828
- Grants paid
- $174,573
- Program service revenue
- $4,729,111
- Investment income
- $161,437
- Other revenue
- $52,886
- Total assets, end of year
- $14,488,043
- Total liabilities, end of year
- $1,225,058
- Net assets or fund balances, end of year
- $13,262,985
- Program services expenses (Part IX)
- $4,381,650
- Management and general expenses
- $935,564
- Fundraising expenses
- $148,395
- Program service expenses (Part III)
- $4,381,650
Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$29,525
-
1e · Government grants (contributions)
$59,685
-
1f · All other contributions, gifts and grants
$768,618
-
1g · Noncash contributions included above
$94,993
-
2a · Program service revenue: Tuition
total $4,432,268 · related or exempt $4,432,268
-
2b · Program service revenue: Other Program Revenue
total $230,490 · related or exempt $230,490
-
2c · Program service revenue: Food Service
total $66,353 · related or exempt $66,353
-
3 · Investment income
total $144,553 · excluded $144,553
-
7a · Gross sales of assets other than inventory
securities $1,633,983 · other assets $188,855
-
7b · Less cost or other basis and sales expenses
securities $1,747,566 · other assets $58,388
-
7c · Gain or loss
securities -$113,583 · other assets $130,467
-
7d · Net gain or loss
total $16,884 · excluded $16,884
-
8a · Fundraising events: gross income
$67,815
-
8a · Fundraising events: contributions included on line 1c
$29,525
-
8b · Fundraising events: direct expenses
$14,929
-
8c · Net income from fundraising events
total $52,886 · excluded $52,886
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $174,573 · program services $174,573
-
5 · Compensation of officers, directors and key employees
total $229,466 · management and general $229,466
-
7 · Other salaries and wages
total $2,576,803 · program services $2,212,824 · management and general $254,760 · fundraising $109,219
-
8 · Pension plan contributions
total $94,478 · program services $93,267 · management and general $1,211
-
9 · Other employee benefits
total $516,630 · program services $507,801 · management and general $8,829
-
10 · Payroll taxes
total $84,300 · program services $63,140 · management and general $13,449 · fundraising $7,711
-
11b · Fees: legal
total $15,480 · management and general $15,480
-
11c · Fees: accounting
total $38,000 · management and general $38,000
-
11f · Fees: investment management
total $20,144 · management and general $20,144
-
11g · Fees: other
total $166,463 · program services $13,025 · management and general $152,135 · fundraising $1,303
-
12 · Advertising and promotion
total $288 · program services $288
-
13 · Office expenses
total $62,432 · program services $31,000 · management and general $20,021 · fundraising $11,411
-
14 · Information technology
total $116,591 · program services $35,089 · management and general $67,436 · fundraising $14,066
-
16 · Occupancy
total $207,335 · program services $164,477 · management and general $42,858
-
17 · Travel
total $96,362 · program services $94,046 · management and general $2,316
-
20 · Interest
total $63,292 · program services $23,163 · management and general $40,129
-
22 · Depreciation, depletion and amortization
total $157,458 · program services $149,606 · management and general $7,852
-
23 · Insurance
total $300,559 · program services $300,492 · management and general $67
-
24a · Other expenses: Education Programming
total $194,016 · program services $191,744 · management and general $2,272
-
24b · Other expenses: Equipment Rental & Main
total $137,115 · program services $132,100 · management and general $5,015
-
24c · Other expenses: Miscellaneous
total $116,575 · program services $97,766 · management and general $14,124 · fundraising $4,685
-
24d · Other expenses: Food Purchases
total $97,249 · program services $97,249
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $840,789 · end of year $743,636
-
2 · Savings and temporary cash investments
beginning of year $429,795 · end of year $137,185
-
3 · Pledges and grants receivable
beginning of year $13,000 · end of year $3,000
-
4 · Accounts receivable
beginning of year $172,994 · end of year $414,327
-
9 · Prepaid expenses and deferred charges
beginning of year $101,800 · end of year $37,859
-
10a · Land, buildings and equipment: cost or other basis
$9,886,106
-
10b · Land, buildings and equipment: accumulated depreciation
$3,926,038
-
10c · Land, buildings and equipment, net
beginning of year $5,974,870 · end of year $5,960,068
-
11 · Investments: publicly traded securities
beginning of year $6,456,213 · end of year $7,154,532
-
14 · Intangible assets
end of year $37,436
-
17 · Accounts payable and accrued expenses
beginning of year $531,890 · end of year $337,619
-
18 · Grants payable
beginning of year $323,967 · end of year $344,707
-
19 · Deferred revenue
beginning of year $15,703 · end of year $11,060
-
21 · Escrow or custodial account liability
beginning of year $65,533 · end of year $56,543
-
23 · Secured mortgages and notes payable
beginning of year $503,645 · end of year $437,693
-
24 · Unsecured notes and loans payable
beginning of year $350,000
-
25 · Other liabilities
beginning of year $0 · end of year $37,436
-
27 · Net assets without donor restrictions
beginning of year $2,446,276 · end of year $3,241,567
-
28 · Net assets with donor restrictions
beginning of year $9,752,447 · end of year $10,021,418
Mission and programs · 2023
Mission
George Stevens's Academy is an independent high school located on the coast of Maine. Grounded in its traditions and commitment to the area's small towns. The Academy is a caring educational community invested in meeting the needs of each student. The Academy offers a challenging comprehensive program of studies that fosters intellectual inquiry and the pursuit of knowledge, inspires creativity, develops self-reliance, and prepares its graduates for a purposeful life in an ever-changing world.
Activities or mission (Part I)
George Stevens Academy is an independent high school located on the coast of Maine.
-
Provide secondary education to approximately 255 students.
Expenses $4,207,077 · Revenue $4,729,111
-
Provide financial assistance to graduating students who are furthering their education. Scholarships are granted on the basis of merit and type of continuing education.
Expenses $174,573 · Grants $174,573
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sally Mills
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Deb Ludlow
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Bill Case
Clerk
- Total calculated
- $0
- Hours/week
- 2
-
Sara Becton Ardrey
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Amy Baker
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Alden Blodgett
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kenelm Guinness
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Wilson King
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Tyler Knowles
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sue Loomis
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Tony Politano
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Robyn Sealander
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Liffey Thorpe
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Chris Young
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Terry Moulton
Past Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Prudy Heilner
Past Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Mark Hurvitt
Past Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Timothy Seely
Past Head of School
- Total calculated
- $88,351
- From this org
- $73,658
- From related orgs
- $0
- Other
- $14,693
- Hours/week
- 40
-
Shelley Borror Jackson
Interim Head of School
- Total calculated
- $73,176
- From this org
- $71,154
- From related orgs
- $0
- Other
- $2,022
- Hours/week
- 40
-
Brock Muir
Past Director of Finance
- Total calculated
- $67,939
- From this org
- $56,281
- From related orgs
- $0
- Other
- $11,658
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403409349300710
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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