The Monarch Learning Academy Inc
- Assets
- $2.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 72
- Location
- Orlando, FL
- Founding
- 11/2010
- Data as of
- 07/2022
- EIN
- 27-2468055
Organization Overview
The Monarch Learning Academy Inc, operating under the name Monarch Learning Academy, is located in Orlando, FL. The organization was established in 2010. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Monarch Learning Academy employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch Learning 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 07/2022, Monarch Learning Academy generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.9m during the year ending 07/2022. While expenses have increased by 11.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONARCH LEARNING ACADEMY IS A CHRIST-CENTERED EARLY CHILDHOOD AND ELEMENTARY SCHOOL. WE NOURISH, EQUIP AND CELEBRATE THE WHOLE CHILD. OUR ADMINISTRATORS, TEACHERS, PARENTS AND STUDENTS FORM A LOVING COMMUNITY, PROVIDING A DYNAMIC LEARNING ENVIRONMENT WHICH STIMULATES CREATIVE THINKING, MOTIVATES EXCELLENCE AND INSTILLS A LIFE-LONG DESIRE TO LEARN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PRIVATE CHRISTIAN EDUCATION TO APPROXIMATELY 255 STUDENTS IN EARLY CHILDHOOD THROUGH 8TH GRADE. WE SERVED 200 STUDENTS IN OUR AFTERCARE PROGRAM. FIFTEEN PERCENT OF THE STUDENT BODY RECEIVED FINANCIAL ASSISTANCE IN FISCAL 2020-2021. THE SCHOOL COMMUNITY SERVES AS A SUPPORT TO THE FAMILY AS A WHOLE, PROVIDING CHILDREN WITH AN OPTIMAL ENVIRONMENT THAT ALLOWS THEM TO EXCEL IN KNOWLEDGE, STRENGTH, HOPE AND FAITH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Mcneill Executive Di | OfficerTrustee | 40 | $60,000 |
Brittany Abbott Member At La | OfficerTrustee | 40 | $35,991 |
Emily Bloomquist Chair | OfficerTrustee | 12 | $2,600 |
Kellie Haddock Member At La | Trustee | 0.5 | $0 |
Gina Graziadio Member At La | Trustee | 0.5 | $0 |
Brittany Lowe Member At La | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,004 |
| Related organizations | $0 |
| Government grants | $220,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $770 |
| Noncash contributions included in lines 1a–1f | $18,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,551 |
| Total Program Service Revenue | $1,959,431 |
| 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 | -$16,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,340,591 |
| 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. | $98,591 |
| Compensation of current officers, directors, key employees. | $11,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,173,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,348 |
| Payroll taxes | $95,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $575 |
| Advertising and promotion | $9,214 |
| Office expenses | $31,517 |
| Information technology | $56,182 |
| Royalties | $0 |
| Occupancy | $78,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,041 |
| Insurance | $15,655 |
| All other expenses | $33,440 |
| Total functional expenses | $1,870,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,365 |
| Accounts receivable, net | $1,330,555 |
| 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 | $95,487 |
| Net Land, buildings, and equipment | $1,037,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,848 |
| Other assets | $1,731 |
| Total assets | $2,874,769 |
| Accounts payable and accrued expenses | $6,372 |
| Grants payable | $0 |
| Deferred revenue | $1,519,502 |
| 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 | $141,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,289 |
| Total liabilities | $1,731,683 |
| Net assets without donor restrictions | $1,143,086 |
| 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 | $2,874,769 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Monarch Learning Academy Inc has recieved totaling $30,616.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Edward E Haddock Jr Family Foundation Orlando, FL PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |