Civic Intelligence

The Montgomery Academy Foundation

990 • Fiscal year 2021 • EIN 43-1978408

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 03, 2022

Organization ProfileN/A
3720 Vaughn RoadMontgomery, AL 36106

(334) 272-8210

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$208,891

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 183.6% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

82nd percentile

33%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-0.6%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$6,007,099

Up $1,480,607 (+33%) from 2020

Net Assets

Up

$6,007,099

Up $1,480,607 (+33%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin98th percentile

Revenue

Down

$113,793

Down $674 (-0.6%) from 2020

Expenses

Up

$9,261

Up $3,510 (+61%) from 2020

Net Income

Down

$104,532

Down $4,184 (-3.8%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,793,756Liabilities 2010: $27,541Net Assets 2010: $2,766,2152010Assets 2011: $3,251,056Liabilities 2011: $419Net Assets 2011: $3,250,6372011Assets 2012: $3,161,485Liabilities 2012: $200Net Assets 2012: $3,161,2852012Assets 2013: $3,530,065Liabilities 2013: $0Net Assets 2013: $3,530,0652013Assets 2014: $4,102,230Liabilities 2014: $0Net Assets 2014: $4,102,2302014Assets 2015: $4,143,801Liabilities 2015: $0Net Assets 2015: $4,143,8012015Assets 2016: $4,049,673Liabilities 2016: $0Net Assets 2016: $4,049,6732016Assets 2017: $4,401,989Liabilities 2017: $0Net Assets 2017: $4,401,9892017Assets 2018: $4,250,403Liabilities 2018: $0Net Assets 2018: $4,250,4032018Assets 2019: $4,324,426Liabilities 2019: $0Net Assets 2019: $4,324,4262019Assets 2020: $4,526,492Liabilities 2020: $0Net Assets 2020: $4,526,4922020Assets 2021: $6,007,099Liabilities 2021: $0Net Assets 2021: $6,007,0992021Assets 2022: $5,001,987Liabilities 2022: $0Net Assets 2022: $5,001,9872022Assets 2023: $5,655,676Liabilities 2023: $0Net Assets 2023: $5,655,6762023Assets 2024: $6,569,913Liabilities 2024: $0Net Assets 2024: $6,569,9132024

Highlighted filing

2021

Assets$6,007,099
Liabilities$0
Net Assets$6,007,099
Open 2021 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $148,9022010Expenses 2011: $137,3802011Expenses 2012: $130,2702012Expenses 2013: $129,6762013Revenue 2014: $93,844Expenses 2014: $139,566Net Income 2014: -$45,7222014Revenue 2015: $188,993Expenses 2015: $147,420Net Income 2015: $41,5732015Revenue 2016: $232,239Expenses 2016: $144,662Net Income 2016: $87,5772016Revenue 2017: $130,829Expenses 2017: $182,444Net Income 2017: -$51,6152017Revenue 2018: $262,303Expenses 2018: $615,756Net Income 2018: -$353,4532018Revenue 2019: $116,426Expenses 2019: $178,091Net Income 2019: -$61,6652019Revenue 2020: $114,467Expenses 2020: $5,751Net Income 2020: $108,7162020Revenue 2021: $113,793Expenses 2021: $9,261Net Income 2021: $104,5322021Revenue 2022: $152,940Expenses 2022: $3,000Net Income 2022: $149,9402022Revenue 2023: $131,040Expenses 2023: $10,641Net Income 2023: $120,3992023Revenue 2024: $717,769Expenses 2024: $3,500Net Income 2024: $714,2692024

Highlighted filing

2021

Revenue$113,793
Expenses$9,261
Net Income$104,532
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 3, 2022
Return Version
2020v4.2
Gross Receipts
$113,859
Mission and Program Overview

Mission

Provide financial and other support for the montgomery academy

Provide financial and other support of and for the mongomery academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,455,887$5,926,101▲ $1,470,214
Accounts Receivable$65,643$76,855▲ $11,212
Pledges and Grants Receivable$3,865$3,865→ $0
Prepaid Expenses and Deferred Charges$918--
Savings and Temporary Cash Investments$179$278▲ $99
Total Assets$4,526,492$6,007,099▲ $1,480,607
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,183,427$4,275,962▲ $1,092,535
Net Assets With Donor Restrictions$1,343,065$1,731,137▲ $388,072
Total Net Assets Fund Balance$4,526,492$6,007,099▲ $1,480,607
Total Liabilities and Net Assets / Fund Balance$4,526,492$6,007,099▲ $1,480,607

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,526,492$16,360▲ $1,473,508$9,261$6,007,099
2019$4,324,424$21,180▲ $186,637$5,749$4,526,492
2018$4,250,403$11,288▲ $240,824$178,091$4,324,424
2017$4,562,132$9,500▲ $454,670$775,899$4,250,403
2016$4,209,816$11,410▲ $523,350$182,444$4,562,132
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleOtherTotal
Amy ForrestChief Financial Officer - Outgoing$68,389$68,389
Derek DuboseChief Financial Officer - Incoming$31,651$31,651

Board Members and Trustees

NameTitle
Millie HoustonChairman
Andy WeilBoard Member
Charlie HarrisBoard Member
Clark SahlieBoard Member
Ellen BrooksBoard Member
Henry H HutchinsonBoard Member
Inge Hill JrBoard Member
Knox KershawBoard Member
Peter SelmanBoard Member
Ronnie BrownBoard Member
Shannon SpeirBoard Member
Steve DavidsonBoard Member
John McwilliamsHead of School
Revenue and Support

Revenue Composition

Contributions and Grants
$16,360
Program Service Revenue
$0
Investment Income
$97,433
Other Revenue
$0
All Other Contributions
$16,360
Change in Net Assets
$104,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,261
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,261--$9,261
Total Functional Expenses$9,261$0$0$9,261
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Committees make monthly oral reports at the organization's board meeting. These reports are memorialized in written minutes of each board meeting.”

Form 990, Part VI, Section B, Line 11B

“The finance committee operates as the audit committee. It meets annually with the audit firm to review the audited financial statements in detail. The audit firm then prepares the form 990 from the information it has obtained through the audit and reviewed with the audit committee.”

Form 990, Part VI, Section B, Line 12C

“Each board member is asked to review and sign a conflict of interest policy every year. This puts the board member on notice of their continuing obligation throughout the year. A presentation on the conflict of interest policy is given at the annual board retreat. New members are instructed on the policy as part of their new member orientation. Through out the year, attention is paid to identify potential conflicts that would prevent a board member from voting on a matter. If such a matter arises, the board member abstains from the vote.”

Form 990, Part VI, Section C, Line 19

“The public portion of form 990 is available upon written request to anyone who requests a copy. It can also be found on various websites on the internet. The 990 is prepared using audited financial statements. All financial information is available through that document. Other documents are not required by law to be publicly available.”

Filing and Contact Details

Filer

Filer Name
The Montgomery Academy Foundation
EIN
43-1978408
Phone
3342728210
Address
3720 VAUGHN ROAD, MONTGOMERY, AL 36106

Signing Officer

Name
Millie Houston
Title
Chairman
Phone
3342728210
Signed
2022-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Millie Houston
Formed
2002
Legal Domicile
Al
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Jackson Thornton & Co Pc
Address
PO BOX 96, MONTGOMERY, AL 36101-0096
Preparer
Christine K Cook
Phone
3348347660
Supplemental Narrative

Additional Explanations

FORM 990; PART XII, LINE 2C

“Neither the oversight or selection process was changed during the current year.”

Financial Statement Notes

PART V, LINE 4:

“Support the educational purposes of its supported organization”

PART X, LINE 2:

“Management evaluated the academy's tax positions and concluded that the academy had taken no uncertain tax positions that require adjustment to the financial statements.”

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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03865
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03865
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0918
IRS990/PrincipalOfficerNm0MILLIE HOUSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt021176
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05751
IRS990/PYInvestmentIncomeAmt093291
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0108716
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05751
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0114467
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0104532
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0278
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt09261
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE MONTGOMERY ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt09261
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.71180
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04526492
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt016360
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06007099
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01473508
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt09261
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04324424
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021180
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04526492
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186637
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05749
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04250403
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011288
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04324424
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0240824
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0178091
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04562132
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt09500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04250403
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0454670
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0775899
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04209816
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt011410
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04562132
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0523350
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0182444
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.28820
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT THE EDUCATIONAL PURPOSES OF ITS SUPPORTED ORGANIZATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09261
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION AND RELATED EDUCATIONAL ENDEAVORS. WHILE THERE ARE NO OFFICIAL OVERSIGHT PROCEDURES FOR GRANTS, THE FOUNDATION MAINTAINS A CLOSE RELATIONSHIP WITH GRANTEES FOR THE PURPOSE OF RELAYING INFORMATION ABOUT THE GRANT AND ITS USES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0190872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03769
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN MCWILLIAMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0208891
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEES MAKE MONTHLY ORAL REPORTS AT THE ORGANIZATION'S BOARD MEETING. THESE REPORTS ARE MEMORIALIZED IN WRITTEN MINUTES OF EACH BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE OPERATES AS THE AUDIT COMMITTEE. IT MEETS ANNUALLY WITH THE AUDIT FIRM TO REVIEW THE AUDITED FINANCIAL STATEMENTS IN DETAIL. THE AUDIT FIRM THEN PREPARES THE FORM 990 FROM THE INFORMATION IT HAS OBTAINED THROUGH THE AUDIT AND REVIEWED WITH THE AUDIT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS ASKED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. THIS PUTS THE BOARD MEMBER ON NOTICE OF THEIR CONTINUING OBLIGATION THROUGHOUT THE YEAR. A PRESENTATION ON THE CONFLICT OF INTEREST POLICY IS GIVEN AT THE ANNUAL BOARD RETREAT. NEW MEMBERS ARE INSTRUCTED ON THE POLICY AS PART OF THEIR NEW MEMBER ORIENTATION. THROUGH OUT THE YEAR, ATTENTION IS PAID TO IDENTIFY POTENTIAL CONFLICTS THAT WOULD PREVENT A BOARD MEMBER FROM VOTING ON A MATTER. IF SUCH A MATTER ARISES, THE BOARD MEMBER ABSTAINS FROM THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PUBLIC PORTION OF FORM 990 IS AVAILABLE UPON WRITTEN REQUEST TO ANYONE WHO REQUESTS A COPY. IT CAN ALSO BE FOUND ON VARIOUS WEBSITES ON THE INTERNET. THE 990 IS PREPARED USING AUDITED FINANCIAL STATEMENTS. ALL FINANCIAL INFORMATION IS AVAILABLE THROUGH THAT DOCUMENT. OTHER DOCUMENTS ARE NOT REQUIRED BY LAW TO BE PUBLICLY AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEITHER THE OVERSIGHT OR SELECTION PROCESS WAS CHANGED DURING THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990; PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE MONTGOMERY ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0630401358

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,007,099
Liabilities
$0
Net assets
$6,007,099
Revenue
$113,793
Expenses
$9,261
Net income
$104,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.57$0.00$6.57$0.72$0.00$0.71
2023Detailed filing. Detailed filing data is available for this year.$5.66$0.00$5.66$0.13$0.01$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.15$0.00$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.01$0.00$6.01$0.11$0.01$0.10
2020Detailed filing. Detailed filing data is available for this year.$4.53$0.00$4.53$0.11$0.01$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$0.12$0.18$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.26$0.62$0.35
2017Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.13$0.18$0.05
2016Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$0.23$0.14$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$0.19$0.15$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$0.09$0.14$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.00$3.53$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.00$3.16$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.00$3.25$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.03$2.77$0.15