North Yarmouth Academy

EIN: 010211536 501(c)(3) Education

Yarmouth, ME

Total Revenue
$15,133,256
Total Expenses
$15,129,362
Total Assets
$21,748,314
Net Assets
$16,559,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1814
Legal Domicile
ME
Principal Officer
Ben Jackson
Phone
2078469051
Tax Period
2023-07-01 to 2024-06-30

North Yarmouth Academy, founded in 1814, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

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.

Program Service Accomplishments

Program 1
Expenses: $13,311,873 Revenue: $13,818,203

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 students to develop:1...

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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 students to develop:1. Problem-solving skills based on sound analytical and creative thought2. Sophistication in writing, speaking and artistic expression3. 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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,170,995
Program Service Revenue $13,818,203
Investment Income $179,682
Other Revenue $-35,624
TOTAL REVENUE $15,133,256

Expense Breakdown

Grants Paid $4,283,693
Salaries & Benefits $7,101,482
Fundraising Expenses $406,408
Program Expenses $13,311,873
Other Expenses $3,714,187
TOTAL EXPENSES $15,129,362

Year-over-Year Comparison

2023 2022 Change
Revenue $15,133,256 $13,713,582 +0.1%
Expenses $15,129,362 $13,953,180 +0.1%
Net Income $3,894 $-239,598 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
178
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$307,399
Total Directors
24
$29,527
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Manchester President 2.00
Officer Director
$0 $0 $0
James Cabot Vice President 1.00
Officer Director
$0 $0 $0
Barbara Marr Secretary 1.00
Officer Director
$0 $0 $0
Jason Currier Treasurer 1.00
Officer Director
$0 $0 $0
Nick Alberding Trustee 1.00
Director
$0 $0 $0
Freddie Daniel Trustee 1.00
Director
$0 $0 $0
James Garrett Trustee 1.00
Director
$0 $0 $0
Bob Hilscher Trustee 1.00
Director
$0 $0 $0
Nathan Isaacson Trustee 1.00
Director
$0 $0 $0
Sarah Kirby Trustee 1.00
Director
$0 $0 $0
Chris Lorenz Trustee 1.00
Director
$0 $0 $0
Jessica Lynch Trustee 1.00
Director
$29,527 $0 $29,527
Steve Malcom Trustee 1.00
Director
$0 $0 $0
Linc Merrill Trustee 1.00
Director
$0 $0 $0
Drew Oestreicher Trustee 1.00
Director
$0 $0 $0
Lori Poulin Trustee 1.00
Director
$0 $0 $0
Christie Rana Trustee 1.00
Director
$0 $0 $0
Hannah Renyi Trustee 1.00
Director
$0 $0 $0
Peter Robbins Trustee 1.00
Director
$0 $0 $0
Catriona Sangster Trustee 1.00
Director
$0 $0 $0
Sig Schutz Trustee 1.00
Director
$0 $0 $0
Meg Stornelli Trustee 1.00
Director
$0 $0 $0
Betsy Tod Trustee 1.00
Director
$0 $0 $0
Caty Werner Trustee 1.00
Director
$0 $0 $0
Benjamin Jackson Head of School 50.00
Officer
$234,323 $29,663 $263,986
Garrett Bowne Chief Financial Officer 40.00
Officer
$43,413 $0 $43,413
Jennifer Richard Director of Development 50.00
Highest
$163,136 $8,105 $171,241
Eric Austin Head of Upper School 50.00
Highest
$122,510 $4,162 $126,672
Marissa Markonish Head of Lower and Middle S 50.00
Highest
$121,592 $4,548 $126,140
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $15,133,256 $15,129,362 $21,748,314 $3,894
2023 $13,713,582 $13,953,180 $20,621,030 $-239,598
2022 $17,214,127 $12,853,959 $20,098,579 $4,360,168
2021 $12,940,355 $11,828,104 $15,792,245 $1,112,251
2020 $11,387,982 $11,238,135 $14,976,962 $149,847
2019 $12,060,729 $11,489,371 $14,114,549 $571,358
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