Marin Academy

What it reported doing in 2024

Marin academy (ma) is a co-educational independent high school serving grades 9-12. The school enrolls approximately 450 students each year. Marin academy provides students with a solid foundation in traditional academic subjects in a college-preparatory program. With a commitment to experiential education, ma believes that healthy, challenging experiences both inside and outside the classroom are essential for taking adolescents to and beyond intellectual and theoretical knowledge. Critical thinking (informed, independent, collaborative and creative) is a hallmark of the marin academy experience. At ma, students thrive in a supportive, compassionate environment, which promotes friendly, open dialogue (cont. On sch. O)based on respect and trust. During the course of their studies, marin academy students explore complex ideas and diverse perspectives, test their values and judgments, and make their own discoveries. Marin academy asks each individual to recognize our shared responsibility to inspire and foster a purposefully diverse, equitable and just community, where students and adults of varied backgrounds, beliefs, attributes and abilities relate to one another as individuals worthy of respect. Further, the school embraces our responsibility to promote, both within and beyond the boundaries of ma, the values inherent in a democratic society. The average class size is 15. Marin academy's co-curricular programs include an ambitious outdoor education program, a service learning program, a required week of experimental education each spring, and a highly-developed interscholastic athletic program. The school also supports the need for ongoing growth and challenges for its students through a number of special programs including: independent study, senior projects, international studies, and study abroad.

Financial Efficiency

• Mission deployment rate: 70.6%; rating input score 71
• Program expense ratio: 75.5%; rating input score 76
• Fundraising efficiency: $2.38 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 89.3%; rating input score 89; 22nd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
• Total-asset coverage ratio: 3.69; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: 9.8%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
• Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings