North Yarmouth Academy

Nonprofit profile at a glance

EIN
010211536
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Yarmouth, ME, USA
Phone
2078469051
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Secondary, High School

Official website

Reported finances

Revenue
$16,887,234
Expenses
$16,827,372
Assets
$36,029,253
Liabilities
$19,368,392

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • JAMES CABOT (PRESIDENT)
  • LINDA MANCHESTER (PAST PRESIDENT)
  • SARAH KIRBY (VICE PRESIDENT)
  • BETSY TODD (VICE PRESIDENT)

Highest reported compensation

  • BENJAMIN JACKSON (HEAD OF SCHOOL): $358,591 total reported compensation
  • JENNIFER RICHARD (DIRECTOR OF DEVELOPMENT): $229,512 total reported compensation
  • MARISSA MARKONISH (HEAD OF MIDDLE SCHOOL): $132,207 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

North yarmouth academy is an independent, college preparatory, coeducational day school serving students in toddler through grade twelve. The school offers a structured program that sets clear standards and high expectations in an environment that emphasizes values of mutual respect, trust and community. North yarmouth academy is dedicated to fostering integrity, character and intellect in young adults.

What it reported doing in 2024

The academy operates a private day school in yarmouth, Maine with approximately 390 students from toddler through twelfth grade. The north yarmouth academy program encourages student to develop:1. Problem-solving skills based on sound analytical and creative thought2. Sophistication in writing, speaking and artistic expression 3. Appreciation for the importance of athletic activity, teamwork and cooperation4. Self-confidence and self-respect through a breadth of experiences that extend beyond the classroom5. Concern for the larger community and an appreciation for the natural environment6. Desire to continue the process of lifelong learning

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 83
  • Accountability: 92
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.9%; rating input score 90
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $3.23 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • 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: 95.5%; rating input score 95; 29th 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: 0.4%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 2.14; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 89.9% of revenue deployed · 88.2% of spending went to programs
  • Governance: 21 of 22 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $14.8M in reported program spending
  • Leadership: top reported pay $359K · 27 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.