Monument Academy
- Assets
- $8.7m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 246
- Location
- Monument, CO
- Founding
- 09/2003
- Data as of
- 06/2021
- 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 06/2021, Monument Academy employed 246 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 06/2021, Monument Academy generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. While expenses have increased by 6.8% 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
THE MISSION OF MONUMENT ACADEMY IS TO PROVIDE A RIGOROUS, CONTENT-RICH ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONUMENT ACADEMY PROVIDES EDUCATIONAL SERVICES FOR APPROXIMATELY 1000 PRESCHOOL THROUGH 9TH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christianna Herrera Chief Operating Officer | Officer | 20 | $91,200 |
Charles Richardson Elementary Pricipal | Officer | 45 | $88,974 |
Marc Brocklehurst Chief Financial Officer | Officer | 45 | $73,002 |
Melanie Strop President | OfficerTrustee | 5 | $0 |
Megghan St Aubyn Vice President | OfficerTrustee | 5 | $0 |
Ryan Graham Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,729,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,736,895 |
| Total Program Service Revenue | $583,520 |
| Investment income | $20,645 |
| 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 | $9,349,808 |
| 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. | $265,205 |
| Compensation of current officers, directors, key employees. | $169,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,370,023 |
| Pension plan accruals and contributions | $903,603 |
| Other employee benefits | $406,622 |
| Payroll taxes | $64,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,584 |
| Fees for services: Accounting | $12,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $865,072 |
| Advertising and promotion | $76,865 |
| Office expenses | $89,844 |
| Information technology | $202,466 |
| Royalties | $0 |
| Occupancy | $998,232 |
| Travel | $1,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,521 |
| Insurance | $102,669 |
| All other expenses | $0 |
| Total functional expenses | $8,770,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,966 |
| Savings and temporary cash investments | $2,518,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $221,881 |
| 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 | $1,129,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,019,546 |
| Total assets | $8,682,012 |
| Accounts payable and accrued expenses | $783,165 |
| Grants payable | $0 |
| Deferred revenue | $51,380 |
| 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 | $17,932,256 |
| Total liabilities | $18,766,801 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$10,440,110 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $355,321 |
| Total liabilities and net assets/fund balances | $8,682,012 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monument Academy has recieved totaling $903.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |