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Nonprofit · EIN 82-2047876

ATLANTIC ACADEMY

Tax-exempt · ROCKPORT, ME 04856

Financials

$1.7M$1.6M2022$1.5M$1.5M2023$1.7M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of ATLANTIC ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,726,257$1,808,841-$82,584$208,019$236,462-$28,443
June 30, 2024990$1,500,140$1,549,510-$49,370$174,670$120,529$54,141
June 30, 2023990$1,662,429$1,564,259$98,170$136,790$28,261$108,529
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$925
Program service revenue
$1,723,529
Investment income
$0
Other revenue
$1,803

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$136,899
Other salaries and wages
$1,119,355
Salaries, compensation and benefits (total)
$1,412,420
Professional fundraising fees
$0
Legal fees
$640
Accounting fees
$7,492
Occupancy
$119,386
Travel
$21,418
Depreciation
$10,352
Program services (functional)
$1,630,544
Management and general (functional)
$177,125
Fundraising (functional)
$1,172

Balance sheet and other

Total assets, start of year
$174,670
Total assets, end of year
$208,019
Total liabilities, end of year
$236,462
Net assets, end of year
-$28,443
Land, buildings and equipment
$74,737
Net assets without donor restrictions
-$28,443
Gross receipts
$1,726,257
Employees
23
Volunteers
4
Year formed
2017
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JEDEDIAH SCHWALMPRESIDENT
Trustee or director, Officer
40$108,462$27,860
ROGER AKELEYDIRECTOR
Trustee or director, Officer
0.25$0$0
DENNIS GRANNIS-PHOENIXDIRECTOR
Trustee or director, Officer
0.25$0$0
RICHARD OLSONSECRETARY
Trustee or director, Officer
0.25$0$0
CYNDI PRINCEDIRECTOR
Trustee or director, Officer
0.25$0$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensationOther / benefits
JEDEDIAH SCHWALMPRESIDENT
Trustee or director, Officer
40$97,252$26,103
ROGER AKELEYDIRECTOR
Trustee or director, Officer
0.25$0$0
DENNIS GRANNIS-PHOENIXDIRECTOR
Trustee or director, Officer
0.25$0$0
RICHARD OLSONSECRETARY
Trustee or director, Officer
0.25$0$0
CYNDI PRINCEDIRECTOR
Trustee or director, Officer
0.25$0$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
JEDEDIAH SCHWALMPRESIDENT
Trustee or director, Officer
40$91,090$24,483
ROGER AKELEYDIRECTOR
Trustee or director, Officer
0.25$0$0
DENNIS GRANNIS-PHOENIXDIRECTOR
Trustee or director, Officer
0.25$0$0
RICHARD OLSONSECRETARY
Trustee or director, Officer
0.25$0$0
CYNDI PRINCEDIRECTOR
Trustee or director, Officer
0.25$0$0

Address and contacts

Address (IRS master file)
PO BOX 1296, ROCKPORT, ME 04856-1296
In care of
% ATLANTIC ACADEMY
Principal officer (990 for 2024)
JEDEDIAH SCHWALM, PO BOX 1296, ROCKPORT, ME 04856
Signed the 990
JEDEDIAH SCHWALM, PRESIDENT
Phone
(207) 230-8460
Return prepared by
ONE RIVER CPAS

Mission

SEEK TO ESTABLISH AN EDUCATIONAL ENVIRONMENT FOR STUDENTS WITH SPECIAL NEEDS THAT IS GUIDED BY A BELIEF THAT ALL STUDENTS HAVE THE CAPACITY TO SUCCEED AND BE PRODUCTIVE MEMBERS OF THEIR COMMUNITY, GIVEN CAREFUL SUPPORT, AND CONSISTENT IMPLEMENTATION OF POSITIVE, EVIDENCE-BASED PRACTICES.

990 for the year ended June 30, 2025

Program accomplishments

  • A SPECIAL PURPOSE PRIVATE SCHOOL (SPPS), APPROVED BY THE STATE OF MAINE DEPARTMENT OF EDUCATION THAT SPECIALIZES IN PROVIDING EDUCATION AND TREATMENT TO STUDENTS WITH AUTISM, AND EMOTIONAL AND BEHAVIORAL DISORDERS. THE SCHOOL OPERATES YEAR ROUND IN THE MID COAST REGION OF MAINE.
    Expenses $1,630,544 · revenue $1,723,529

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
82-2047876
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B28)
Assets (IRS master file)
$208,019
Income (IRS master file)
$1,726,257

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,726,257$1,808,841$208,019IRS
990June 2024$1,500,140$1,549,510$174,670IRS
990June 2023$1,662,429$1,564,259$136,790XML
990June 2022$1,469,912$1,568,897$87,939IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2047876).

Questions about ATLANTIC ACADEMY

What is the EIN of ATLANTIC ACADEMY?
The employer identification number (EIN) of ATLANTIC ACADEMY is 82-2047876.
Is ATLANTIC ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to ATLANTIC ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ATLANTIC ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ATLANTIC ACADEMY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ATLANTIC ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ATLANTIC ACADEMY?
The 990 for the year ended June 30, 2025 names JEDEDIAH SCHWALM.
Who are the officers and directors of ATLANTIC ACADEMY?
The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $108,462 (JEDEDIAH SCHWALM, PRESIDENT).
How much revenue does ATLANTIC ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,726,257, expenses of $1,808,841 and total assets of $208,019 at year end.

Other nonprofits in ROCKPORT

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