Montgomery Academy Foundation is located in Basking Ridge, NJ. The organization was established in 2010. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Academy Foundation 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 Foundation generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $4.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
DISTRIBUTIONS TO SUPPORTED ORGANIZATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ross Miller President | 0.25 | $0 | |
Anneliese Sepaniak Vice President | 0.25 | $0 | |
Michael Johnson Secretary | 0.25 | $0 | |
Anthony Lee Treasurer | 0.25 | $0 | |
Michael Armstrong Trustee | 0.25 | $0 | |
Thomas Costabile Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,033 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $54 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $2,087 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $345 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $86 |
Total expenses | $4,464 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $106,166 |
Other assets | $0 |
Total assets | $106,166 |
Total liabilities | $0 |
Net assets or fund balances | $106,166 |