Montgomery Academy
- Assets
- $48.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clarksville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 83-2777380
Organization Overview
Montgomery Academy is located in Clarksville, TN. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery 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 12/2023, Montgomery Academy generated $183.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $168.6k during the year ending 12/2023. While expenses have increased by 21.2% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MONTGOMERY ACADEMY OFFERS CORE ACADEMIC COURSES AND ELECTIVE CHOICESTO CHRISTIAN HOMESCHOOL FAMILIES IN OUR AREA AS WELL AS SOCIAL EVENTS AND ACADEMIC TRAINING OPPORTUNITIES. ADDITIONAL/ELECTIVE PROGRAMS AND EVENTS AREOPEN TO THE COMMUNITY AT LARGE REGARDLESS OF AFFILIATION. WE ALSO PROVIDE ACADEMIC ADVISING SERVICES TO LINK FAMILIES WITH RESOURCES THAT MA DOES NOTOFFER-THEREBY CONTRIBUTING TO THE GROWTH OF SPECIALIZED OR NICHE PROGRAMS IN OUR AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Coatney President | 1 | $0 | |
Sarah Schwartz Secretary | 1 | $0 | |
Leann Boyd CEO | 30 | $55,231 | |
Brett Vaden Member At Large | 1 | $0 | |
Stephen Lee Member At Large | 1 | $0 | |
Andrew Arrington Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,424 |
| Total Program Service Revenue | $181,908 |
| Membership dues | $0 |
| Investment income | $489 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,821 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $145,114 |
| Professional fees and other payments to independent contractors | $1,508 |
| Occupancy, rent, utilities, and maintenance | $6,925 |
| Printing, publications, postage, and shipping | $59 |
| Other expenses | $14,976 |
| Total expenses | $168,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,515 |
| Other assets | $0 |
| Total assets | $48,515 |
| Total liabilities | $1,168 |
| Net assets or fund balances | $47,347 |