Overview
What is Maine Arts Academy?
Maine Arts Academy is a distinguished nonprofit institution situated in Sidney, Maine, at 11 Goldenrod Lane. Its primary mission is to offer a superior, comprehensive, and college-preparatory education integrated with the performing arts for high school students. Specifically, the curriculum encompasses music, theatre, and dance, incorporating lessons, technique classes, ensemble participation, and extensive courses in theory and history. The Academy's ultimate goal is to positively impact the lives of its students while contributing to the cultural richness of Maine. The institution fosters academic excellence, artistic commitment, leadership, integrity, and virtuous conduct, preparing students to navigate the contemporary world with responsibility and thoughtfulness. With a dedicated staff of 59 employees, Maine Arts Academy is committed to shaping the future of young artists and scholars.
Official website here: www.maineartsacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Maine Arts Academy received a two-star rating from Charity Navigator, indicating that while some aspects of the organization are functioning well, there are significant areas needing improvement. The scores reflect strong governance practices, including an independent board, effective audit oversight, and a comprehensive conflict of interest policy. However, financial metrics reveal weaknesses, particularly in the liabilities to assets ratio and program expense ratio, which suggest potential financial instability.
The organization maintains a solid structure with a fully independent board and no reported diversion of assets. This demonstrates a commitment to accountability and transparency. However, the lack of transparency regarding their tax forms on the nonprofit's website raises concerns about their financial reporting practices. The absence of posted financial documents may hinder donor confidence and community trust.
Overall, while Maine Arts Academy has established good governance and ethical policies, the financial health indicators point to challenges that need to be addressed to secure a stronger and more reliable standing within the nonprofit sector. Addressing these financial weaknesses could enhance their overall rating and ability to serve their mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Arts Academy legitimate?
Maine Arts Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Arts 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: $82,686
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,044,496
For more financial information, click here
Official website here: www.maineartsacademy.org
What is the mission statement of Maine Arts Academy?
Maine Arts Academy's mission is centered around providing an exceptional, college-preparatory education with a strong focus on the performing arts. The academy is committed to fostering academic excellence, nurturing leadership qualities, promoting integrity, and upholding a virtuous code of conduct. These values are designed to prepare students for the contemporary world, ensuring they are well-equipped to meet its demands. The curriculum in music, theatre, and dance is comprehensive, incorporating lessons, technique classes, ensemble activities, and theoretical and historical studies.
Official website here: www.maineartsacademy.org
Who is the CEO of Maine Arts Academy?
Mary Heather King is the Superintendent of Maine Arts Academy.
Official website here: www.maineartsacademy.org
What is the revenue of Maine Arts Academy?
Maine Arts Academy's revenue in 2022 was $2,603,235.
Official website here: www.maineartsacademy.org
Who are the executives of Maine Arts Academy and what are their salaries?
The average compensation at Maine Arts Academy during 2022 was $19,105. There are 59 employees and 17 volunteers at Maine Arts Academy.
Here are 8 key members and their salaries:
- Compensation: $82,686
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Official website here: www.maineartsacademy.org
Where can I find the form 990 for Maine Arts Academy?
Maine Arts Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maineartsacademy.org
Learn more at the official website: www.maineartsacademy.org
Mission Statement of Maine Arts Academy
Maine Arts Academy, a renowned institution, is committed to enriching the lives of its high school students and enhancing Maine's cultural landscape. Its mission is threefold. Firstly, it aims to deliver a top-notch, all-round, college-preparatory education that fosters academic excellence. Secondly, it is deeply invested in the performing arts, providing students with ample opportunities to hone their skills in music, theatre, and dance. Lastly, it fosters values such as leadership, integrity, and a virtuous code of conduct, preparing its students to navigate the complexities of the contemporary world. The Academy achieves this by meticulously crafting its curriculum, taking into account cultural sensitivities and civic responsibilities. The performing arts curriculum, in particular, includes a mix of lessons, technique classes, ensemble work, and in-depth courses in theory and history.
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Impact
July, 2024
Maine Arts Academy's impact is felt through its dedication to academic excellence and commitment to the performing arts. By providing high-quality, comprehensive college preparatory education for high school students, the Academy transforms lives and contributes to the cultural capital of Maine. Through its performing arts curriculum in music, theatre, and dance, students receive lessons, technique classes, ensemble experiences, and comprehensive courses that prepare them for the demands of a contemporary world. The Academy instills values of leadership, integrity, and a virtuous code of conduct, shaping students to be well-rounded individuals ready to make a positive impact on society.
This information is meant to be a general summary of Maine Arts 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $360
- Program Service Revenue: $9,449
- Gross Receipts: $2,603,388
Assets and Liabilities:
- Total Assets: $1,212,302
- Total Liabilities: $366,851
- Net Assets: $845,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food Services
Revenue
$334
Student Activity Accounts
Revenue
$8,611
Snack Shack
Revenue
$404
Instrument Fees
Revenue
$100
Organization Details
Founding Year
2016
Phone
(207) 618-8908Principal Officer
Mary Heather King
Main Address
11 Goldenrod Lane, Sidney, ME, 04330
Website
www.maineartsacademy.orgNTEE Category
Code: B20 - Education
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