Morning Star Academy Association
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Bettendorf, IA
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 42-1415351
Organization Overview
Morning Star Academy Association, operating under the name Morning Star Academy, is located in Bettendorf, IA. The organization was established in 1996. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Morning Star Academy employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Star 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, Morning Star Academy generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 7.7% 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
MORNING STAR ACADEMY'S MISSION IS TO PROVIDE A CLASSICAL CHRISTIAN EDUCATION THAT TEACHES TRUTH, TRAINS DISCIPLES AND EQUIPS STUDENTS TO TRANSFORM THEIR COMMUNITIES FOR GOD'S GLORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORNING STAR ACADEMY IS A CLASSICAL CHRISTIAN K-12 SCHOOL WITH ITS AIM TO PROVIDE EACH STUDENT WITH THE ABILITY TO QUICKLY LEARN FACTS, HOW TO THINK ABOUT THOSE FACTS, AND DEVELOP THEIR OWN IDEAS, AND FINALLY TO COMMUNICATE THOSE IDEAS CLEARLY AND PERSUASIVELY. THIS ALL DONE WITHIN THE CONTEXT OF A CHRISTIAN WORLDVIEW. IN THE 2020-2021 SCHOOL YEAR, MORNING STAR ACADEMY EDUCATED 223 STUDENTS IN CLASSICAL CHRISTIAN EDUCATION. OF THOSE 195, 10 GRADUATED AND HAVE GONE ON TO CAREERS IN COLLEGE OR THE WORKFORCE. MORNING STAR ACADEMY ALSO HAS A PRESCHOOL FOR 3 AND 4 YEAR-OLDS. THE PRESCHOOL'S AIM IS TO PROVIDE A SAFE AND LOVING ENVIRONMENT AND PROVIDE THE FOUNDATIONAL BUILDING BLOCKS FOR EACH CHILD'S ACADEMIC CAREER. IN THE 2020-2021 SCHOOL YEAR, MORNING STAR ACADEMY EDUCATED 28 STUDENTS IN ITS PRESCHOOL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcintosh Vice President | OfficerTrustee | 1 | $0 |
Chad Raeside Treasurer | OfficerTrustee | 2 | $0 |
Marianna Vonmuenster Board President | OfficerTrustee | 2 | $0 |
Mikhail Giza Secretary | OfficerTrustee | 1 | $0 |
Joseph Brooks Board Member | Trustee | 1 | $0 |
John Walters Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,416 |
| Total Program Service Revenue | $1,139,876 |
| Investment income | $3,982 |
| 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 | $1,428,274 |
| 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 | $1,004,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $75,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113 |
| Fees for services: Other | $14,500 |
| Advertising and promotion | $1,206 |
| Office expenses | $8,367 |
| Information technology | $34,511 |
| Royalties | $0 |
| Occupancy | $55,312 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,705 |
| Insurance | $19,536 |
| All other expenses | $28,319 |
| Total functional expenses | $1,432,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,465 |
| Savings and temporary cash investments | $6,176 |
| 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 | $0 |
| Net Land, buildings, and equipment | $964,306 |
| Investments—publicly traded securities | $114,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,293,237 |
| Accounts payable and accrued expenses | $7,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $463,834 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $471,434 |
| Net assets without donor restrictions | $796,004 |
| Net assets with donor restrictions | $25,799 |
| 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 | $1,293,237 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Morning Star Academy Association has recieved totaling $126,933.
| Awarding Organization | Amount |
|---|---|
Heart Of Iowa School Tuition Organization Inc Urbandale, IA PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS | $115,072 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,568 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $293 |
Endowment Analysis
| Beg. Balance | $39,416 |
| Ending Balance | $39,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
Educare Of Omaha Inc Omaha, NE | $19,410,966 | $14,431,941 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Head Start Child And Family Development Program Inc Hastings, NE | $7,092,911 | $8,181,932 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Lake Area Discovery Center White Bear Lake, MN | $2,847,181 | $7,699,616 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |