Penn Mont Academy
- Assets
- $5.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Hollidaysburg, PA
- Founding
- 04/1963
- Data as of
- 06/2023
- EIN
- 25-1128155
Organization Overview
Penn Mont Academy is located in Hollidaysburg, PA. The organization was established in 1963. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Mont 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 06/2023, Penn Mont Academy generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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 HIGH STANDARD OF EDUCATION FOR CHILDREN USING AN ACADEMIC CURRICULUM BASED ON THE MONTESSORI METHOD OF TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI SCHOOL FOR PRESCHOOL AND ELEMENTARY STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Burke Director | OfficerTrustee | 1 | $0 |
Michelle Beers Director | Trustee | 1 | $0 |
Mark Ritchey Treasurer | OfficerTrustee | 2 | $0 |
Brad Houseknecht Director | Trustee | 1 | $0 |
Jordan Settle Vice President | Trustee | 1 | $0 |
Jeffrey Starkey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $383,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,611 |
| Total Program Service Revenue | $1,795,190 |
| Investment income | $97,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,515,316 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,376,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,081 |
| Payroll taxes | $99,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,747 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,587 |
| Advertising and promotion | $7,972 |
| Office expenses | $70,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,323 |
| Interest | $13,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,492 |
| Insurance | $25,295 |
| All other expenses | $18,707 |
| Total functional expenses | $2,171,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,030 |
| Savings and temporary cash investments | $2,575,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,242 |
| 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 | $10,897 |
| Net Land, buildings, and equipment | $2,656,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,555 |
| Total assets | $5,447,231 |
| Accounts payable and accrued expenses | $77,936 |
| Grants payable | $0 |
| Deferred revenue | $59,855 |
| 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 | $288,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $426,300 |
| Net assets without donor restrictions | $4,825,376 |
| Net assets with donor restrictions | $195,555 |
| 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 | $5,447,231 |