Montgomery Academy A New Jersey Non Profit Corporation
- Assets
- $8.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Basking Ridge, NJ
- Founding
- 03/1972
- Data as of
- 06/2024
- EIN
- 22-1913112
Organization Overview
Montgomery Academy A New Jersey Non Profit Corporation is located in Basking Ridge, NJ. The organization was established in 1972. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Montgomery Academy A New Jersey Non Profit Corporation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Academy A New Jersey Non Profit Corporation 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 06/2024, Montgomery Academy A New Jersey Non Profit Corporation generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $7.4m during the year ending 06/2024. While expenses have increased by 1.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
K-12 SCHOOL SERVING STUDENTS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION WAS PROVIDED TO AN AVERAGE POPULATION OF 66 STUDENTS OVER A 200 DAY SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Gebbia Executive Director | Officer | 40 | $245,596 |
Ross Miller President | OfficerTrustee | 1 | $0 |
Anneliese Sepaniak Vice President | OfficerTrustee | 1 | $0 |
Michael Johnson Secretary | OfficerTrustee | 1 | $0 |
Anthony Lee Treasurer | OfficerTrustee | 1 | $0 |
Michael Armstrong Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,266,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,432 |
| Total Program Service Revenue | $6,123,202 |
| Investment income | $18,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,412,689 |
| 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. | $258,165 |
| Compensation of current officers, directors, key employees. | $25,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,626,527 |
| Pension plan accruals and contributions | $333,581 |
| Other employee benefits | $774,839 |
| Payroll taxes | $314,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,921 |
| Fees for services: Accounting | $32,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,988 |
| Office expenses | $76,294 |
| Information technology | $6,516 |
| Royalties | $0 |
| Occupancy | $1,174,301 |
| Travel | $7,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,088 |
| Interest | $625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,927 |
| Insurance | $84,177 |
| All other expenses | $76,015 |
| Total functional expenses | $7,435,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,094,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $831,454 |
| 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 | $27,204 |
| Net Land, buildings, and equipment | $6,279,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,500 |
| Total assets | $8,274,716 |
| Accounts payable and accrued expenses | $915,278 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,451,288 |
| Total liabilities | $7,366,566 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $908,150 |
| 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 | $8,274,716 |