Montgomery Academy Inc
- Assets
- $22.3m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 249
- Location
- Montgomery, AL
- Founding
- 01/1961
- Data as of
- 06/2020
- EIN
- 63-0401358
Organization Overview
Montgomery Academy Inc is located in Montgomery, AL. The organization was established in 1961. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Montgomery Academy Inc employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Academy Inc 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 06/2020, Montgomery Academy Inc generated $11.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $11.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE PREPATORY SCHOOL KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL, KINDERGARTEN THROUGH GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcwilliams Head Of School | Officer | 40 | $192,390 |
Derek Dubose Chief Financial Officer | Officer | 40 | $71,704 |
Courtney Williams Trustee - Secretary-Treasu | OfficerTrustee | 1 | $0 |
Peter Selman Trustee - Vice-President | OfficerTrustee | 1 | $0 |
Steve Davidson Trustee - President | OfficerTrustee | 1 | $0 |
Ellen Brooks Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,936 |
| Investment income | $8,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,005,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $615,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $365,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,089,422 |
| Pension plan accruals and contributions | $1,167,088 |
| Other employee benefits | $0 |
| Payroll taxes | $59,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,279 |
| Office expenses | $102,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $702,965 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,992 |
| Interest | $305,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958,704 |
| Insurance | $79,588 |
| All other expenses | $0 |
| Total functional expenses | $11,282,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,443,268 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $187,686 |
| Accounts receivable, net | $133,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,651 |
| Prepaid expenses and deferred charges | $46,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,178 |
| Total assets | $22,347,255 |
| Accounts payable and accrued expenses | $638,221 |
| Grants payable | $0 |
| Deferred revenue | $3,041,586 |
| Tax-exempt bond liabilities | $7,833,229 |
| 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 | $2,113,393 |
| Total liabilities | $13,626,429 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,720,826 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Montgomery Academy Inc has recieved totaling $49,250.
| Awarding Organization | Amount |
|---|---|
The J K Lowder Family Foundation Montgomery, AL PURPOSE: FUNDING FOR GENERAL PROGRAM EXPENDITURES | $15,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,000 |
Blackmon Family Foundation Mountain Brook, AL PURPOSE: TO PROMOTE CHARITABLE CAUSE | $3,000 |
We3 Fund Montgomery, AL PURPOSE: GENERAL FUND | $3,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $6,007,099 |
| Earnings | -$1,015,785 |
| Net Contributions | $13,673 |
| Other Expense | $3,000 |
| Ending Balance | $5,001,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Federal-State Shipping Point Inspection Service Inc Albany, GA | $23,696,147 | $20,421,637 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Montgomery Academy Inc Montgomery, AL | $22,347,255 | $11,005,286 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Florida Farm Bureau Federation Gainesville, FL | $41,575,612 | $9,616,560 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
United Food And Commercial Workers International Union Lakeland, FL | $1,227,147 | $3,715,232 |
Florida Thoroughbred Breeders Association Inc Ocala, FL | $6,294,766 | $2,891,430 |
Pearl River Central Water Asso Mcneill, MS | $11,980,127 | $2,091,662 |