Monument Academy
- Assets
- $8.5m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 263
- Location
- Monument, CO
- Founding
- 09/2003
- Data as of
- 06/2023
- EIN
- 27-0014128
Organization Overview
Monument Academy is located in Monument, CO. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Monument Academy employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monument 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, Monument Academy generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $14.3m during the year ending 06/2023. While expenses have increased by 13.3% per year over the past 5 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
THE MISSION OF MONUMENT ACADEMY IS TO PROVIDE A CHALLENGING, CONTENT-RICH, ACADEMIC PROGRAM OFFERED WITHIN AN ENGAGING, CARING, AND POSITIVE LEARNING ENVIRONMENT. ESTABLISHED ON A SOLID FOUNDATION OF KNOWLEDGE, MONUMENT ACADEMY EMPHASIZES ACADEMIC EXCELLENCE, RESPECT, RESPONSIBILITY, CHARACTER AND EXEMPLARY CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONUMENT ACADEMY PROVIDES EDUCATIONAL SERVICES FOR APPROXIMATELY 1,190 PRESCHOOL THROUGH 12TH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Graham President | OfficerTrustee | 20 | $0 |
Lindsey Clinton Vice-President | OfficerTrustee | 10 | $0 |
Emily Belisle Secretary | OfficerTrustee | 5 | $0 |
Joseph Buczkowski Treasurer | OfficerTrustee | 5 | $0 |
Craig Carle Director | Trustee | 5 | $0 |
Marc Brocklehurst CFO | Officer | 45 | $82,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $165,849 |
| Related organizations | $0 |
| Government grants | $1,263,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,437,141 |
| Total Program Service Revenue | $11,698,353 |
| Investment income | $63,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$127,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,640,957 |
| 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. | $123,004 |
| Compensation of current officers, directors, key employees. | $30,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,670,979 |
| Pension plan accruals and contributions | $2,121,362 |
| Other employee benefits | $580,028 |
| Payroll taxes | $132,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,719 |
| Fees for services: Accounting | $21,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $32,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,470,217 |
| Travel | $1,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,686 |
| Insurance | $71,081 |
| All other expenses | $419,445 |
| Total functional expenses | $14,289,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,010 |
| Savings and temporary cash investments | $3,378,935 |
| Pledges and grants receivable | $398,050 |
| Accounts receivable, net | $9,909 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,135,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,976,920 |
| Total assets | $8,496,362 |
| Accounts payable and accrued expenses | $1,282,142 |
| Grants payable | $0 |
| Deferred revenue | $97,379 |
| 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 | $101,964 |
| Other liabilities | $13,981,477 |
| Total liabilities | $15,462,962 |
| Net assets without donor restrictions | -$7,578,128 |
| Net assets with donor restrictions | $611,528 |
| 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 | $8,496,362 |