Maine Academy of Modern Music

EIN: 260835852 501(c)(3) Arts, Culture & Humanities

Portland, ME

Total Revenue
$1,057,335
Total Expenses
$1,024,572
Total Assets
$21,280
Net Assets
$-5,688
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
ME
Principal Officer
Jeff Shaw
Phone
2078993433
Tax Period
2024-09-01 to 2025-08-31

Maine Academy of Modern Music, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 3% surplus.

Mission

To operate and support an independent music school focused on rock and contemporary music. The Academy is dedicated to creating positive life experiences for Maine students of all ages and abilities through innovation and inclusive music programs which promote resiliency, self-expression, creativity, and determination.

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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 (2024)

Revenue Breakdown

Contributions & Grants $274,934
Program Service Revenue $779,425
Investment Income $0
Other Revenue $2,976
TOTAL REVENUE $1,057,335

Expense Breakdown

Grants Paid $0
Salaries & Benefits $562,024
Fundraising Expenses $0
Program Expenses $979,672
Other Expenses $462,548
TOTAL EXPENSES $1,024,572

Year-over-Year Comparison

2024 2023 Change
Revenue $1,057,335 $896,448 +0.2%
Expenses $1,024,572 $1,000,457 +0.0%
Net Income $32,763 $-104,009 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
40
Volunteers
N/A

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
4
$93,266
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandon Berg Director 1.00
Director
$0 $0 $0
Chris Houle Treasurer 2.00
Officer Director
$0 $0 $0
Scott McAuliffe Director 1.00
Director
$0 $0 $0
Benjamin Scott Secretary 1.00
Officer Director
$0 $0 $0
Nick Bloom Director 1.00
Director
$0 $0 $0
Mark Bower Director 1.00
Director
$0 $0 $0
Chris Brown Director 1.00
Director
$0 $0 $0
Nicole Bradick Director 1.00
Director
$0 $0 $0
Julie Reynolds President 2.00
Officer Director
$0 $0 $0
Daryle Lamoureux Director 1.00
Director
$0 $0 $0
Erin Quigly Director 1.00
Director
$0 $0 $0
Ellen Ramachandran Director 1.00
Director
$0 $0 $0
Bobby Shaddox Director 1.00
Director
$0 $0 $0
Jeffrey Shaw Executive Director 40.00
Officer
$79,577 $13,689 $93,266
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 $1,057,335 $1,024,572 $21,280 $32,763
2024 $896,448 $1,000,457 $1,550 $-104,009
2023 $789,490 $789,157 $65,558 $333
2022 $666,127 $679,022 $65,225 $-12,895
2021 $568,581 $540,042 $78,120 $28,539
2020 $594,158 $555,035 $49,581 $39,123
2019 $478,813 $480,349 $10,458 $-1,536
2018 $378,658 $392,107 $11,994 $-13,449
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