Civic Intelligence

Montverde Academy Inc

990 • Fiscal year 2013 • EIN 59-0657329

Jun 01, 2012 to May 31, 2013 • Filed on Jan 16, 2014

17235 7th Street34756
Siviq Scores

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

Liabilities / Assets

44th percentile

0.24x

Higher debt load relative to assets than 44% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

38th percentile

2.1%

Faster asset growth than 38% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$36,348,762

Up $759,761 (+2.1%) from 2012

Net Assets

Up

$27,766,111

Up $1,756,745 (+6.8%) from 2012

Liabilities

Down

$8,582,651

Down $996,984 (-10%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$16,628,584

Up $1,693,952 (+11%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $28,151,510Liabilities 2011: $3,538,336Net Assets 2011: $24,613,1742011Assets 2012: $35,589,001Liabilities 2012: $9,579,635Net Assets 2012: $26,009,3662012Assets 2013: $36,348,762Liabilities 2013: $8,582,651Net Assets 2013: $27,766,1112013Assets 2014: $37,450,845Liabilities 2014: $8,448,124Net Assets 2014: $29,002,7212014Assets 2015: $38,753,454Liabilities 2015: $8,867,811Net Assets 2015: $29,885,6432015Assets 2016: $40,573,930Liabilities 2016: $8,525,042Net Assets 2016: $32,048,8882016Assets 2017: $42,019,766Liabilities 2017: $8,209,306Net Assets 2017: $33,810,4602017Assets 2018: $44,355,847Liabilities 2018: $8,702,957Net Assets 2018: $35,652,8902018Assets 2019: $45,146,113Liabilities 2019: $8,907,480Net Assets 2019: $36,238,6332019Assets 2020: $54,309,748Liabilities 2020: $16,661,797Net Assets 2020: $37,647,9512020Assets 2021: $55,936,225Liabilities 2021: $11,939,282Net Assets 2021: $43,996,9432021Assets 2022: $55,272,335Liabilities 2022: $10,897,142Net Assets 2022: $44,375,1932022Assets 2023: $54,825,619Liabilities 2023: $11,065,193Net Assets 2023: $43,760,4262023Assets 2024: $60,061,633Liabilities 2024: $14,597,155Net Assets 2024: $45,464,4782024

Highlighted filing

2013

Assets$36,348,762
Liabilities$8,582,651
Net Assets$27,766,111

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $12,202,9202011Expenses 2012: $14,934,6322012Expenses 2013: $16,628,5842013Revenue 2014: $18,966,681Expenses 2014: $17,957,685Net Income 2014: $1,008,9962014Revenue 2015: $22,536,602Expenses 2015: $21,580,397Net Income 2015: $956,2052015Revenue 2016: $25,263,763Expenses 2016: $22,889,419Net Income 2016: $2,374,3442016Revenue 2017: $26,057,795Expenses 2017: $24,555,858Net Income 2017: $1,501,9372017Revenue 2018: $30,056,970Expenses 2018: $27,889,206Net Income 2018: $2,167,7642018Revenue 2019: $29,792,162Expenses 2019: $29,073,741Net Income 2019: $718,4212019Revenue 2020: $32,007,011Expenses 2020: $30,673,548Net Income 2020: $1,333,4632020Revenue 2021: $32,698,439Expenses 2021: $27,086,495Net Income 2021: $5,611,9442021Revenue 2022: $32,301,917Expenses 2022: $30,642,600Net Income 2022: $1,659,3172022Revenue 2023: $33,466,562Expenses 2023: $34,229,815Net Income 2023: -$763,2532023Revenue 2024: $36,111,004Expenses 2024: $35,824,722Net Income 2024: $286,2822024

Highlighted filing

2013

Revenue-
Expenses$16,628,584
Net Income-
Jump To
Filing Snapshot
Filing Period
Jun 1, 2012 to May 31, 2013
Signed
Jan 16, 2014
Return Version
2012v2.1
Gross Receipts
$23,011,831
Mission and Program Overview

Mission

To inspire students to become leaders with a passion for knowledge, global vision and innovation while developing character in a nuturing and diverse community. Montverde academy is a coeducational independent school that serves grades pre-k 3-12. Our boarding program serves grades 7-12 and post-graduate studies.at the heart of the montverde academy experience is an engaging and challenging academic environment that gives students the desire and skills to achieve at the highest level. Outside of the classroom, students develop their talents and abilities through involvement in fine arts, athletics, school clubs, and service organizations. Our staff members, parents, and students are part of a close-knit, deeply caring community. We emphasize positive relationships to help build self-esteem and confidence in our students, and each one of them is a valued community member. With its cultural diversity, montverde academy draws students from around the world. Our international character add

Filing and Contact Details

Filer

EIN
59-0657329
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IRS990/ActivityOrMissionDescription0BASED ON THE ORIGINAL MISSION OF THE ACADEMY IN 1912, THE MISSION OF MONTVERDE ACADEMY IS TO INCREASE STUDENT KNOWLEDGE, DEVELOP COGNITIVE SKILLS, AND BUILD CHARACTER IN A NURTURING, DISCIPLINED, AND DIVERSE COMMUNITY.
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IRS990/Description0MONTVERDE ACADEMY IS A COLLEGE PREPARATORY, COEDUCATIONAL INDEPENDENT SCHOOL SERVING GRADES PK3-12. THE BOARDING PROGRAM SERVES GRADES 7-12 AND POST GRADUATE. AT THE HEART OF THE MONTVERDE ACADEMY EXPERIENCE IS AN ENGAGING AND CHALLENGING ACADEMIC ENVIRONMENT THAT GIVES STUDENTS THE DESIRE AND SKILLS TO ACHIEVE AT THE HIGHEST LEVELS. OUTSIDE OF THE CLASSROOM, STUDENTS CONTINUE TO DEVELOP THEIR TALENTS AND ABILITIES THROUGH INVOLVEMENT IN FINE ARTS, ATHLETICS, SCHOOL CLUBS, AND SERVICE ORGANIZATIONS.AVERAGE ENROLLMENT DURING THE 2012-2013 SCHOOL YEAR WAS APPROXIMATELY 972 STUDENTS. APPROXIMATELY 307 STUDENTS ARE HOUSED ON CAMPUS; THE REMAINING STUDENTS ARE DAY STUDENTS.
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IRS990ScheduleD/ExpensesSubtotal016605948
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ACADEMY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THUS, THE ACADEMY IS NOT SUBJECT TO CORPORATE INCOME TAXES EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE REQUIREMENTS FOR THE RECOGNITION OF INCOME TAXES IN CONSOLIDATED FINANCIAL STATEMENTS, AND THE AMOUNTS RECOGNIZED ARE AFFECTED BY INCOME TAX POSITIONS TAKEN BY THE ACADEMY IN ITS TAX RETURNS. THE ACADEMY'S STATUS AS AN EXEMPT ORGANIZATION IS DEFINED AS AN INCOME TAX POSITION UNDER THESE REQUIREMENTS. WHILE MANAGEMENT BELIEVES IT HAS COMPLIED WITH THE INTERNAL REVENUE CODE, THE SUSTAINABILITY OF SOME INCOME TAX POSITIONS TAKEN BY THE ACADEMY IN ITS TAX RETURNS MAY BE UNCERTAIN. THERE ARE MINIMUM THRESHOLDS OF LIKELIHOOD THAT UNCERTAIN TAX POSITIONS ARE REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THAT THE ACADEMY HAS ANY MATERIAL UNCERTAIN TAX POSITIONS AT MAY 31, 2013. IN THE EVENT INTEREST AND PENALTIES WERE DUE RELATING TO AN UNSUSTAINABLE TAX POSITIONS, THEY WOULD BE TREATED AS A COMPONENT OF INCOME TAX EXPENSE. THE ACADEMY'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. AT MAY 31, 2013, THE FISCAL YEARS 2010 THROUGH 2013 FEDERAL TAX RETURNS ARE SUBJECT TO EXAMINATION.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1INVESTMENT EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 7B -22,636.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2DIRECT FUNDRAISING EXPENSES -350. COST OF GOODS SOLD -447,932.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3DIRECT FUNDRAISING EXPENSES 350. COST OF GOODS SOLD 447,932.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/InvestmentExpensesNotIncluded2022636
IRS990ScheduleD/Land/BookValue0592527
IRS990ScheduleD/Land/OtherCostOrOtherBasis0592527
IRS990ScheduleD/NetUnrealizedGainsInvestments0402044
IRS990ScheduleD/OtherExpensesIncluded0448282
IRS990ScheduleD/OtherLandBuildings/BookValue0400747
IRS990ScheduleD/OtherLandBuildings/Depreciation0443573
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0844320
IRS990ScheduleD/OtherLiabilities/Amount02450238
IRS990ScheduleD/OtherLiabilities/Description0TUITION RECEIVED IN ADVANCE
IRS990ScheduleD/OtherRevenues0-22636
IRS990ScheduleD/OtherRevenuesNotIncluded0-448282
IRS990ScheduleD/RevenueNotRptdF9900431787
IRS990ScheduleD/RevenueNotRptdOnFinStmt0-448282
IRS990ScheduleD/RevenueSubtotal018379188
IRS990ScheduleD/TotalExpensesPerForm990016628584
IRS990ScheduleD/TotalOfAmounts02450238
IRS990ScheduleD/TotalOfBookValueLandBuildings028676699
IRS990ScheduleD/TotalRevenuePerForm990017930906
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt017054230
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt018810975
IRS990ScheduleE/ComplianceWithRevProc755001
IRS990ScheduleE/DiscriminateRaceAdmissPolicies00
IRS990ScheduleE/DiscriminateRaceAthleticProg00
IRS990ScheduleE/DiscriminateRaceEducPolicies00
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty00
IRS990ScheduleE/DiscriminateRaceOtherActy00
IRS990ScheduleE/DiscriminateRaceScholarships00
IRS990ScheduleE/DiscriminateRaceStudentsRights00
IRS990ScheduleE/DiscriminateRaceUseOfFclts00
IRS990ScheduleE/Form990ScheduleEPartII/Explanation0MONTVERDE ACADEMY HAS PUBLICIZED ITS RACIALLY NONDISCRIMIN- ATORY POLICY THROUGH NEWSPAPERS, MAGAZINE ADVERTISEMENTS, BROCHURES AND APPLICATIONS FOR ADMISSIONS.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0SCHEDULE E, PART I, LINE 3

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$60.1$14.6$45.5$36.1$35.8$0.29
2023Detailed filing. Detailed filing data is available for this year.$54.8$11.1$43.8$33.5$34.2$0.76
2022Detailed filing. Detailed filing data is available for this year.$55.3$10.9$44.4$32.3$30.6$1.66
2021Detailed filing. Detailed filing data is available for this year.$55.9$11.9$44.0$32.7$27.1$5.61
2020Detailed filing. Detailed filing data is available for this year.$54.3$16.7$37.6$32.0$30.7$1.33
2019Detailed filing. Detailed filing data is available for this year.$45.1$8.91$36.2$29.8$29.1$0.72
2018Detailed filing. Detailed filing data is available for this year.$44.4$8.70$35.7$30.1$27.9$2.17
2017Detailed filing. Detailed filing data is available for this year.$42.0$8.21$33.8$26.1$24.6$1.50
2016Detailed filing. Detailed filing data is available for this year.$40.6$8.53$32.0$25.3$22.9$2.37
2015Detailed filing. Detailed filing data is available for this year.$38.8$8.87$29.9$22.5$21.6$0.96
2014Detailed filing. Detailed filing data is available for this year.$37.5$8.45$29.0$19.0$18.0$1.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.3$8.58$27.8$16.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.6$9.58$26.0$14.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$3.54$24.6$12.2