Montfort Academy
- Assets
- $2.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Mount Vernon, NY
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 13-4037507
Organization Overview
Montfort Academy is located in Mount Vernon, NY. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Montfort Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montfort Academy 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 06/2021, Montfort Academy generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 9.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MONTFORT ACADEMY IS A CLASSICAL COLLEGEPREPARATORY SCHOOL GROUNDED IN THE SPIRITUAL INTELLECTUAL TEACHINGS OF THE ROMAN CATHOLIC CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXEMPT PURPOSE IS COLLEGE-PREPARATORY SCHOOL, ACCOMPLISHMENTS INCLUDE: 1. 100% 4-YEAR COLLEGE ACCEPTANCE RATE EVERY YEAR SINCE THE SCHOOL WAS FOUNDED. 2. 90% OF STUDENTS EARN HONORS RECOGNITION ON THE NATIONAL LATIN EXAM. 3. STUDY ABROAD PROGRAM VISITED 30 ARCHEOLOGICAL SITES IN THE STUDY IN ITALY PROGRAM. 4. 97% YEAR OVER YEAR STUDENT RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Greco President | OfficerTrustee | 40 | $271,600 |
Thomas D Lehrman Trustee | Trustee | 1 | $0 |
Joseph Schenk Trustee | Trustee | 1 | $0 |
Patricia Macias Trustee | Trustee | 1 | $0 |
Vincenzo Laruffa Trustee | Trustee | 1 | $0 |
Fulvio Pagnozzi Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,113,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,335,129 |
| Total Program Service Revenue | $1,846,516 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,154,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,600 |
| Compensation of current officers, directors, key employees. | $135,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $966,862 |
| Pension plan accruals and contributions | $1,333 |
| Other employee benefits | $79,930 |
| Payroll taxes | $100,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,037 |
| Advertising and promotion | $52,753 |
| Office expenses | $53,367 |
| Information technology | $4,807 |
| Royalties | $0 |
| Occupancy | $68,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,626 |
| Insurance | $67,873 |
| All other expenses | $30,942 |
| Total functional expenses | $1,851,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,950,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $422,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,500 |
| Inventories for sale or use | $8,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $125,347 |
| Investments—publicly traded securities | $7,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,500 |
| Total assets | $2,527,344 |
| Accounts payable and accrued expenses | $26,829 |
| Grants payable | $0 |
| Deferred revenue | $696,443 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $27,000 |
| Secured mortgages and notes payable | $1,066,089 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,816,361 |
| Net assets without donor restrictions | $710,983 |
| Net assets with donor restrictions | $0 |
| 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 | $2,527,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montfort Academy has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |