George Stevens Academy
Nonprofit profile at a glance
- EIN
- 010247002
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Blue Hill, ME, USA
- Phone
- 2073745081
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $5,945,356
- Expenses
- $5,306,436
- Assets
- $15,458,178
- Liabilities
- $1,251,853
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Highest reported compensation
- Dan Welch (Head of School): $73,800 total reported compensation
- Shelley Jackson (Past Head of School): $58,660 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
Provide financial assistance to graduating students who are furthering their education. Scholarships are granted on the basis of merit and type of continuing education.
Operating model
- Revenue model
- Earned-program. 74% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 67
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.5%; rating input score 71
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: $6.84 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.7%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: -0.9% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings
Details
- Where the money goes: 70.5% of revenue deployed · 80% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $4.2M in reported program spending
- Leadership: top reported pay $74K · 16 people listed
- Highest-paid contractors: 1 contractor listed · $121K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.