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Nonprofit · EIN 01-0249577

BREAKWATER LEARNING

Tax-exempt · PORTLAND, ME 04102

Financials

$4.8M$4.7M2022$5.6M$5M2023$5M$5.3M2024
Revenue Expenses · by fiscal year end
Financials of BREAKWATER LEARNING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,029,887$5,275,147-$245,260$5,650,338$2,926,051$2,724,287
June 30, 2024990$5,564,974$5,017,473$547,501$5,954,117$3,034,349$2,919,768
June 30, 2023990$4,775,965$4,690,463$85,502$5,885,434$3,580,509$2,304,925
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$459,513
of which government grants
$220,451
Program service revenue
$4,475,072
Investment income
$51,622
Net rental income
$43,680
Other revenue
$43,680

Expenses

Grants and similar amounts paid
$936,063
Compensation of officers, directors and key employees
$102,953
Other salaries and wages
$2,900,227
Salaries, compensation and benefits (total)
$3,272,890
Professional fundraising fees
$0
Occupancy
$227,959
Travel
$5,653
Depreciation
$167,522
Program services (functional)
$4,665,878
Management and general (functional)
$491,494
Fundraising (functional)
$117,775

Balance sheet and other

Total assets, start of year
$5,954,117
Total assets, end of year
$5,650,338
Total liabilities, end of year
$2,926,051
Net assets, end of year
$2,724,287
Land, buildings and equipment
$2,666,525
Publicly traded securities
$428,622
Net assets without donor restrictions
$2,094,859
Net assets with donor restrictions
$629,428
Gross receipts
$5,095,771
Employees
129
Volunteers
8
Year formed
1977
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 / weekCompensation
MAGGIE LYONEXECUTIVE DIRECTOR
Officer
40$102,953
CHAD SNOWPRESIDENT
Trustee or director, Officer
1$0
REBECCA FRASER-THILLVICE PRESIDENT
Trustee or director, Officer
1$0
JB MONUTREASURER
Trustee or director, Officer
1$0
JOSH EDWARDSSECRETARY
Trustee or director, Officer
1$0
ERIN KNIGHTTRUSTEE
Trustee or director
1$0
MEREDITH COOLIDGETRUSTEE
Trustee or director
1$0
ERIK CALHOUNTRUSTEE
Trustee or director
1$0
DAN NOGARTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensationOther / benefits
TOM FISHERCO-EXECUTIVE DIRECTOR
Officer
40$78,583$6,791
MAGGIE LYONCO-EXECUTIVE DIRECTOR
Officer
40$64,081$0
CHAD SNOWPRESIDENT
Trustee or director, Officer
1$0$0
ERIK CALHOUNVICE PRESIDENT
Trustee or director, Officer
1$0$0
WHIT FORDTREASURER
Trustee or director, Officer
1$0$0
JOSH EDWARDSSECRETARY
Trustee or director, Officer
1$0$0
NORA BOSWORTHTRUSTEE
Trustee or director
1$0$0
MEREDITH COOLIDGETRUSTEE
Trustee or director
1$0$0
BILL MELCHERTRUSTEE
Trustee or director
1$0$0
DAN NOGARDTRUSTEE
Trustee or director
1$0$0
REBECCA FRASIER-THILLTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
DAVID SULLIVANEXECUTIVE DIRECTOR
Officer
40$135,194$14,735
CHAD SNOWPRESIDENT
Trustee or director, Officer
1$0$0
ERIK CALHOUNVICE PRESIDENT
Trustee or director, Officer
1$0$0
WHIT FORDTREASURER
Trustee or director, Officer
1$0$0
JOSH EDWARDSSECRETARY
Trustee or director, Officer
1$0$0
NORA BOSWORTHTRUSTEE
Trustee or director
1$0$0
MEREDITH COOLIDGETRUSTEE
Trustee or director
1$0$0
BILL MELCHERTRUSTEE
Trustee or director
1$0$0
DAN NOGARDTRUSTEE
Trustee or director
1$0$0
REBECCA THILLTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
856 BRIGHTON AVE, PORTLAND, ME 04102-1002
Principal officer (990 for 2024)
MAGGIE LYON, 856 BRIGHTON AVENUE, PORTLAND, ME 04102
Signed the 990
MAGGIE LYON, EXECUTIVE DIRECTOR
Phone
(207) 772-8689
Return prepared by
WIPFLI ADVISORY LLC

Mission

SEE SCHEDULE O.

990 for the year ended June 30, 2025

Program accomplishments

  • BREAKWATER LEARNING IS A NOT-FOR-PROFIT LEARNING CENTER THAT RUNS AN INDEPENDENT DAY SCHOOL OFFERING TODDLER, PRESCHOOL, GRADE KINDERGARDEN THROUGH EIGHT, AFTER SCHOOL PROGRAMMING AND SUMMER CAMP OPPORTUNITIES TO THE COMMUNITY.
    Expenses $4,665,878 · grants $936,063 · revenue $4,475,072

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
01-0249577
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
1977
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20Z)
Assets (IRS master file)
$5,650,338
Income (IRS master file)
$5,095,771

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,029,887$5,275,147$5,650,338IRS
990June 2024$5,564,974$5,017,473$5,954,117XML
990June 2023$4,775,965$4,690,463$5,885,434XML
990June 2022$4,201,509$3,918,911$5,329,217IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––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 01-0249577).

Questions about BREAKWATER LEARNING

What is the EIN of BREAKWATER LEARNING?
The employer identification number (EIN) of BREAKWATER LEARNING is 01-0249577.
Is BREAKWATER LEARNING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
Are donations to BREAKWATER LEARNING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BREAKWATER LEARNING 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 BREAKWATER LEARNING 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 BREAKWATER LEARNING 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 BREAKWATER LEARNING?
The 990 for the year ended June 30, 2025 names MAGGIE LYON.
Who are the officers and directors of BREAKWATER LEARNING?
The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $102,953 (MAGGIE LYON, EXECUTIVE DIRECTOR).
How much revenue does BREAKWATER LEARNING have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,029,887, expenses of $5,275,147 and total assets of $5,650,338 at year end.

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