Monarch Academy Public Charter School Inc is located in Baltimore, MD. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, 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. Monarch Academy Public Charter School 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 06/2021, Monarch Academy Public Charter School Inc generated $31.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $30.4m during the year ending 06/2021. While expenses have increased by 11.0% 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
MONARCH ACADEMY PUBLIC CHARTER SCHOOLS ARE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT AIM TO EDUCATE MARYLAND STUDENTS TO BE SELF-MOTIVATED, CREATIVE, CRITICAL THINKERS AND LIFE-LONG LEARNERS WHO ARE PRODUCTIVE CONTRIBUTORS TO THE GLOBAL COMMUNITY IN THE 21ST CENTURY. AT MONARCH ACADEMY, CHILDREN ARE ENCOURAGED TO THINK CRITICALLY; QUESTION; REFLECT; AND PARTICIPATE IN A RIGOROUS, HIGHLY INTERACTIVE INSTRUCTIONAL PROGRAM THAT INTEGRATES ARTS AND TECHNOLOGY ACROSS THE CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY WAS INCORPORATED TO OPERATE PUBLIC CHARTER AND PUBLIC CONTRACT SCHOOLS IN ANNE ARUNDEL COUNTY FOR STUDENTS IN KINDERGARTEN THROUGH EIGTH GRADE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Sissy Jimenez Chairperson | OfficerTrustee | 2 | $0 |
Andrew Ross President | Officer | 5 | $0 |
Stephen Baldwin Executive Vp/cgo | Officer | 5 | $0 |
Kandace Hoppin Director | Trustee | 2 | $0 |
Meghan Philbeck Director | Trustee | 2 | $0 |
Eric M Devito ESQ Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Steel Building Specialists Inc General Contractor | 6/29/18 | $1,506,651 |
Lonergan's Charter Services Inc Bus Services | 6/29/18 | $1,352,381 |
Nai The Michael Companies Inc Building Management | 6/29/18 | $1,187,495 |
Douron Corporate Furniture Furniture Outlet | 6/29/18 | $234,638 |
Msd Designs Llc Office Designer | 6/29/18 | $138,978 |
Douron Corporate Furniture Furniture Outlet | 6/29/18 | $234,638 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $31,847,617 |
Investment income | $0 |
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 | $31,847,617 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $3,181,930 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $16,185 |
Office expenses | $206,164 |
Information technology | $53,243 |
Royalties | $0 |
Occupancy | $4,461,480 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $217 |
Interest | $49,139 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $994,380 |
Insurance | $236,556 |
All other expenses | $0 |
Total functional expenses | $30,363,019 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,624,629 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $248,908 |
Net Land, buildings, and equipment | $9,828,994 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $50,000 |
Total assets | $13,752,531 |
Accounts payable and accrued expenses | $415,690 |
Grants payable | $0 |
Deferred revenue | $27,260 |
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 | $5,374,919 |
Total liabilities | $5,817,869 |
Net assets without donor restrictions | $7,934,662 |
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 | $13,752,531 |
Organization Name | Assets | Revenue |
---|---|---|
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
D C Preparatory Academy Washington, DC | $90,604,234 | $48,510,869 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
Center City Public Charter Schools Washington, DC | $21,995,309 | $37,320,653 |
District Of Columbia International School Washington, DC | $84,723,985 | $38,898,239 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Monarch Academy Public Charter School Inc Baltimore, MD | $13,752,531 | $31,847,617 |
Lehigh Valley Academy Charter School Bethlehem, PA | $96,198,987 | $32,574,812 |
First Philadelphia Preparatory Charter School Philadelphia, PA | $56,045,316 | $34,220,830 |
Euphemia L Haynes Public Charter School Inc Washington, DC | $46,520,853 | $31,794,568 |