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Erskine Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010245261 ✦ South china, ME ✦ Designated as a 501(c)(3)

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Overview

What is Erskine Academy?

Erskine Academy is a renowned, independent school situated on the outskirts of Augusta, Maine's capital city. As Maine's second largest such institution, it caters to over 580 students, both domestic and international. The academy's primary mission is to offer a top-notch education that empowers its students to unlock their full potential and achieve their aspirations. This is achieved through an academically rigorous curriculum that is tailored to meet each student's unique needs and abilities. Erskine Academy is committed to fostering an environment that nurtures personal growth and academic excellence, thereby enabling its students to thrive in their future endeavors.


Official website here: www.erskineacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

Erskine Academy has achieved a high level of accountability and financial health, reflected in its impressive 96% score from Charity Navigator. This rating is based entirely on its performance in the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and responsible financial management.

The organization boasts a fully independent board with 100% of its members being independent, which strengthens its governance. It has robust financial statements backed by audits and maintains a very low liabilities-to-assets ratio, indicating strong financial stability. Additionally, its program expense ratio is commendable, as a significant portion of its funding is directed towards its programs.

While the ratings highlight Erskine Academy's strengths, the data does not provide information on its overall impact or effectiveness in fulfilling its mission. Users and stakeholders may benefit from more insight into the actual outcomes of the programs funded, beyond the financial metrics.


This AI summary has been generated from information found on Charity Navigator.

Is Erskine Academy legitimate?

Erskine Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erskine Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $210,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,575,315

For more financial information, click here


Official website here: www.erskineacademy.org

What is the mission statement of Erskine Academy?

Erskine Academy, as a prominent independent school, is committed to providing a high-quality education that aids its students in achieving their full potential and realizing their goals. Situated beyond the capital city of Augusta, Maine, the academy serves a diverse student body of over 580 domestic and international individuals. The educational program at Erskine Academy is meticulously designed to optimize each student's potential, fostering an environment conducive to their personal growth and success.


Official website here: www.erskineacademy.org

Who is the CEO of Erskine Academy?

Jamie L Soule is the Board Member of Erskine Academy.


Official website here: www.erskineacademy.org

What is the revenue of Erskine Academy?

Erskine Academy's revenue in 2023 was $9,050,410.


Official website here: www.erskineacademy.org

Who are the executives of Erskine Academy and what are their salaries?

The average compensation at Erskine Academy during 2023 was $32,339. There are 148 employees at Erskine Academy.


Here are 6 key members and their salaries:


Danielle Blanchard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Cummings (Co-Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Drummond (Co-Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Clark (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regan Tyler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcquarrie (Headmaster)
  • Compensation: $210,879
  • Related: $0
  • Other: $0


Official website here: www.erskineacademy.org

Where can I find the form 990 for Erskine Academy?

Erskine Academy's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.erskineacademy.org

Learn more at the official website: www.erskineacademy.org

Mission Statement of Erskine Academy

Erskine Academy, as Maine's second largest independent school, is committed to offering a quality education that empowers its students to achieve their full potential and realize their goals. The organization's mission is to design an academic program that maximizes each student's abilities, catering to a diverse student body of over 580 domestic and international learners. By providing an enriching educational environment, Erskine Academy aims to foster the growth and development of its students, enabling them to make meaningful strides in their lives.

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Impact




July, 2024

Erskine Academy's impact is significant in providing a quality education to over 580 domestic and international students. Situated just outside the capital city of Augusta in South China, Maine, Erskine Academy offers an academic program tailored to help students achieve their potential and realize their goals. By focusing on maximizing each student's abilities, Erskine Academy is shaping the next generation of leaders and professionals, contributing positively to the local community and beyond.




This information is meant to be a general summary of Erskine Academy. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,050,410 (2023)
Expenses
$8,388,700 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $311,363
  • Program Service Revenue: $8,636,395
  • Gross Receipts: $10,504,032

Assets and Liabilities:

  • Total Assets: $15,391,632
  • Total Liabilities: $1,266,467
  • Net Assets: $14,125,165

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$7,521,215

CAFETERIA

Revenue

$537,827

ON BEHALF PAYMENT

Revenue

$494,959

TRANSPORTATION

Revenue

$82,394

Organization Details

Founding Year

1883

Principal Officer

Jamie L Soule

Main Address

309 WINDSOR ROAD, SOUTH CHINA, ME, 04358

NTEE Category

Code: B25Z - Education

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