Mount Royal Academy Inc
- Assets
- $775.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Sunapee, NH
- Founding
- 01/1995
- Data as of
- 06/2023
- EIN
- 02-0472455
Organization Overview
Mount Royal Academy Inc is located in Sunapee, NH. The organization was established in 1995. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Mount Royal Academy Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Royal Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mount Royal Academy Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPREHENSIVE ACADEMIC PROGRAM FOR STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT ROYAL ACADEMY PROVIDES A COMPREHENSIVE ACADEMIC PROGRAM FOR GRADES PRE-KINDERGARTEN THROUGH TWELVE. DURING FISCAL YEAR 2022/2023 209 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Broom Chairman | OfficerTrustee | 5 | $0 |
Dale Bellavance Director | Trustee | 1 | $0 |
FR Michael Sartori Director | Trustee | 1 | $0 |
Christopher Merino Director | Trustee | 1 | $0 |
David Thibault Director | Trustee | 1 | $0 |
Bernard Towne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,000 |
| Total Program Service Revenue | $1,449,975 |
| Investment income | $14,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,427 |
| Net Income from Fundraising Events | $120,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,914,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $282,557 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $932,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,102 |
| Payroll taxes | $81,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,342 |
| Office expenses | $18,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,563 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,849 |
| Insurance | $15,159 |
| All other expenses | $66,974 |
| Total functional expenses | $1,881,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,141 |
| Net Land, buildings, and equipment | $140,829 |
| Investments—publicly traded securities | $586,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $775,750 |
| Accounts payable and accrued expenses | $6,824 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,387 |
| Total liabilities | $120,900 |
| Net assets without donor restrictions | $567,562 |
| Net assets with donor restrictions | $87,288 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $775,750 |