Civic Intelligence

Madonna Learning Center Incorporated

990 • Fiscal year 2020 • EIN 62-0858169

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

Organization ProfileWWW.MADONNA-LEARNING.ORG
7007 Poplar AvenueGermantown, TN 38138

(901) 752-5767

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.30x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

20th percentile

-8.7%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$93,028

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

38th percentile

3.1%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-2.0%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$11,079,223

Up $331,935 (+3.1%) from 2019

Net Assets

Up

$10,496,079

Up $33,377 (+0.3%) from 2019

Liabilities

Up

$583,144

Up $298,558 (+105%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin20th percentile

Revenue

Down

$1,930,197

Down $38,675 (-2.0%) from 2019

Expenses

Up

$2,098,936

Up $94,619 (+4.7%) from 2019

Net Income

Down

-$168,739

Down $133,294 (-376%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,027,126Liabilities 2010: $141,069Net Assets 2010: $1,886,0572010Assets 2011: $2,129,224Liabilities 2011: $129,933Net Assets 2011: $1,999,2912011Assets 2012: $2,430,764Liabilities 2012: $164,174Net Assets 2012: $2,266,5902012Assets 2013: $2,370,099Liabilities 2013: $182,684Net Assets 2013: $2,187,4152013Assets 2014: $9,455,017Liabilities 2014: $272,991Net Assets 2014: $9,182,0262014Assets 2015: $11,481,055Liabilities 2015: $753,060Net Assets 2015: $10,727,9952015Assets 2016: $10,851,936Liabilities 2016: $222,938Net Assets 2016: $10,628,9982016Assets 2017: $10,889,863Liabilities 2017: $211,177Net Assets 2017: $10,678,6862017Assets 2018: $10,758,024Liabilities 2018: $245,895Net Assets 2018: $10,512,1292018Assets 2019: $10,747,288Liabilities 2019: $284,586Net Assets 2019: $10,462,7022019Assets 2020: $11,079,223Liabilities 2020: $583,144Net Assets 2020: $10,496,0792020Assets 2021: $13,911,009Liabilities 2021: $590,654Net Assets 2021: $13,320,3552021Assets 2022: $14,088,137Liabilities 2022: $345,097Net Assets 2022: $13,743,0402022Assets 2023: $16,099,638Liabilities 2023: $442,480Net Assets 2023: $15,657,1582023Assets 2024: $17,283,913Liabilities 2024: $523,402Net Assets 2024: $16,760,5112024

Highlighted filing

2020

Assets$11,079,223
Liabilities$583,144
Net Assets$10,496,079
Open 2020 Filing

Operations Trend

Revenue Growth39th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,030,3092010Expenses 2011: $1,091,5602011Expenses 2012: $1,154,8942012Expenses 2013: $1,275,5212013Revenue 2014: $8,314,115Expenses 2014: $1,320,050Net Income 2014: $6,994,0652014Revenue 2015: $3,036,065Expenses 2015: $1,366,945Net Income 2015: $1,669,1202015Revenue 2016: $1,952,896Expenses 2016: $2,010,399Net Income 2016: -$57,5032016Revenue 2017: $1,836,629Expenses 2017: $1,856,034Net Income 2017: -$19,4052017Revenue 2018: $1,806,905Expenses 2018: $1,949,714Net Income 2018: -$142,8092018Revenue 2019: $1,968,872Expenses 2019: $2,004,317Net Income 2019: -$35,4452019Revenue 2020: $1,930,197Expenses 2020: $2,098,936Net Income 2020: -$168,7392020Revenue 2021: $4,444,754Expenses 2021: $2,279,758Net Income 2021: $2,164,9962021Revenue 2022: $3,818,896Expenses 2022: $2,567,845Net Income 2022: $1,251,0512022Revenue 2023: $4,343,959Expenses 2023: $3,113,524Net Income 2023: $1,230,4352023Revenue 2024: $4,124,543Expenses 2024: $3,372,114Net Income 2024: $752,4292024

Highlighted filing

2020

Revenue$1,930,197
Expenses$2,098,936
Net Income-$168,739
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.2
Gross Receipts
$3,340,249
Mission and Program Overview

Mission

Madonna learning center provides a faith based educational and social environment that empowers children and adults with special needs to reach their full potential while offering support to their families.

Private, independent school for children and young adults with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,271,224$7,002,072▼ $269,152
Investments in Publicly Traded Securities$2,939,945$2,910,330▼ $29,615
Cash and Non-Interest-Bearing Accounts$300,278$1,117,237▲ $816,959
Pledges and Grants Receivable$222,844$45,017▼ $177,827
Prepaid Expenses and Deferred Charges$7,191$2,902▼ $4,289
Accounts Receivable$5,806$1,665▼ $4,141
Total Assets$10,747,288$11,079,223▲ $331,935
Liabilities
Unsecured Notes Loans Payable-$279,720-
Accounts Payable and Accrued Expenses$163,637$158,478▼ $5,159
Deferred Revenue$120,949$144,946▲ $23,997
Total Liabilities$284,586$583,144▲ $298,558
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,182,013$8,074,289▼ $107,724
Net Assets With Donor Restrictions$2,280,689$2,421,790▲ $141,101
Total Net Assets Fund Balance$10,462,702$10,496,079▲ $33,377
Total Liabilities and Net Assets / Fund Balance$10,747,288$11,079,223▲ $331,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,974,788$1,120,230$7,095,018
Equipment$163,832$444,528$608,360
Other Land Buildings$460,721$140,660$601,381
Land$300,000-$300,000
Leasehold Improvements$102,731$155,694$258,425

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$117,396-▼ $5,764-$111,632
2018$115,164-▲ $2,232-$117,396
2017$111,420-▲ $3,744-$115,164
2016$105,000-▲ $6,420-$111,420
2015$100,000-▲ $5,000-$105,000
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jo-ann GilbertExec. DirectorFT$93,028$93,028

Board Members and Trustees

NameTitle
Dr Mike NeelPresident
Elizabeth WilliamsonVice President
Barbara DaushDirector
Barney AbisDirector
Frank MuscariDirector
Joann CurtisDirector
John BobangoDirector
John HaaseDirector
Kevin FergusonDirector
Mike GlennDirector
Mike MattinglyDirector
Jimmy DickeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$831,915
Program Service Revenue
$1,135,470
Investment Income
$-345,524
Other Revenue
$308,336
All Other Contributions
$607,311
Change in Net Assets
$-168,739

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,930,197
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$336,463
Total Revenue per Audited Statements
$2,266,660
Total Revenue per Form 990
$1,930,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,489,990
Other Expenses$608,946
Total Fundraising Expense$177,186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,037,940$110,986$117,481$1,266,407
Depreciation Depletion$261,092$29,010-$290,102
Occupancy$125,244$14,399$7,200$146,843
Payroll Taxes$83,104$11,446$11,954$106,504
Current Officers, Directors, Trustees, and Key Employees$17,802$35,604$35,604$89,010
Insurance$30,221$3,556$1,777$35,554
Other Employee Benefits$21,863$3,036$3,170$28,069
Fees for Services Accounting-$26,755-$26,755
Office Expenses-$17,893-$17,893
Fees for Services Management-$9,657-$9,657
Travel$4,205--$4,205
Other Expenses$3,824$9,775-$3,824
Advertising$620--$620
Fees for Services Other-$480-$480
Total Functional Expenses$1,649,153$272,597$177,186$2,098,936

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,233,283
Expenses per Audited Statements$2,098,936
Total Expenses per Form 990$2,098,936
Expenses Not Reported on Form 990$134,347
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$298,683
Fundraising Direct Expenses$134,347
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$380,963$229,908$43,576$186,332
CHEERS TO 50!$74,490$17,635$12,602$5,033
Total Events$523,287$298,683$134,347$164,336
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The return preparer provided a copy of the final version of form 990 to the board of directors before it was filed. Additionally the board of directors reviewed and approved the return before it was filed.”

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

“Annual surveys are conducted to ensure that board, staff and faculty have disclosed any conflicts of interest and as warranted the board resolves issues that arise.”

Form 990, Part VI, Section B, Line 15

“The board, the officers and the management of the organization reviews, on an annual basis, all employee compensation, compares compensation of other similar organizations and determines the appropriate compensation for all employees.”

Form 990, Part VI, Section C, Line 19

“Madonna learning center, incorporated has available for public inspection all required documents in a separate binder marked "open for public inspection and will provide the information for review upon request.”

Filing and Contact Details

Filer

Filer Name
Madonna Learning Center Inc
EIN
62-0858169
Phone
9017525767
Address
7007 POPLAR AVENUE, GERMANTOWN, TN 38138

Signing Officer

Name
Jimmy Dickey
Title
Treasurer
Phone
9017525767
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jo Gilbert
Formed
1974
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
74
Volunteers
100

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The finance committee is responsible for oversight of the audit process and the process has not changed from the previous year.”

Financial Statement Notes

PART V, LINE 4:

“Earnings from the endowment are to be used exclusively for scholarships.”

PART X, LINE 2:

“Madonna learning center, inc. Follows the accounting guidance for uncertainty in income taxes using the provisions of financial accounting standards board accounting standards codification sc topic 740, income taxes. Based on its evaluation, the center has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. The centers evaluation was performed for the tax years ended june 30, 2018, through june 30, 2020, the years which remain subject to examination by major tax jurisdictions as of the year ended june 30, 2020.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses shown on part viii line 8b”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses shown on part viii line 8b”

Form 990, Section XII and XIII, Line 2D

“The adjustments on line 2d of section xii and xiii are to reclass the direct fundraising expenses that are netted against revenue on the 990 but are included in expenses on the audited financial statements.”

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IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0831985
IRS990/GrossReceiptsAmt03340249
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01777
IRS990/InsuranceGrp/ManagementAndGeneralAmt03556
IRS990/InsuranceGrp/ProgramServicesAmt030221
IRS990/InsuranceGrp/TotalAmt035554
IRS990/InvestmentIncomeGrp/ExclusionAmt098196
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt098196
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02939945
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02910330
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01861112
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07271224
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07002072
IRS990/LandBldgEquipCostOrOtherBssAmt08863184
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01275705
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MADONNA LEARNING CENTER PROVIDES A FAITH-BASED ENVIRONMENT WHERE CHILDREN AND YOUNG ADULTS WITH SPECIAL NEEDS ARE EDUCATED TO REACH THEIR FULL POTENTIAL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010462702
IRS990/NetAssetsOrFundBalancesEOYAmt010496079
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-443720
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-443720
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0164336
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0164336
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0202116
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08182013
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08074289
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt07200
IRS990/OccupancyGrp/ManagementAndGeneralAmt014399
IRS990/OccupancyGrp/ProgramServicesAmt0125244
IRS990/OccupancyGrp/TotalAmt0146843
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017893
IRS990/OfficeExpensesGrp/TotalAmt017893
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03170
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03036
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021863
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028069
IRS990/OtherExpensesGrp/Desc0DIRECT SCHOOL PROGRAM/A
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2EDUCATOR EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09775
IRS990/OtherExpensesGrp/ProgramServicesAmt063238
IRS990/OtherExpensesGrp/ProgramServicesAmt13824
IRS990/OtherExpensesGrp/TotalAmt063238
IRS990/OtherExpensesGrp/TotalAmt19775
IRS990/OtherExpensesGrp/TotalAmt23824
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0117481
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110986
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01037940
IRS990/OtherSalariesAndWagesGrp/TotalAmt01266407
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011954
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011446
IRS990/PayrollTaxesGrp/ProgramServicesAmt083104
IRS990/PayrollTaxesGrp/TotalAmt0106504
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0222844
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045017
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07191
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02902
IRS990/PrincipalOfficerNm0JO GILBERT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01135470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01135470
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0670896
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt091567
IRS990/PYOtherExpensesAmt0653118
IRS990/PYOtherRevenueAmt0147271
IRS990/PYProgramServiceRevenueAmt01059138
IRS990/PYRevenuesLessExpensesAmt0-35445
IRS990/PYSalariesCompEmpBnftPaidAmt01351199
IRS990/PYTotalExpensesAmt02004317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01968872
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-168739
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01135470
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0144000
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0144000
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt05974788
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01120230
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07095018
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0117396
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0111632
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5764
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0115164
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0117396
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02232
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0111420
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0115164
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03744
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0105000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0111420
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06420
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0105000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0163832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0444528
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0608360
IRS990ScheduleD/ExpensesNotReportedAmt0134347
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02098936
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0300000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0300000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102731
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0155694
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0258425
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0202116
IRS990ScheduleD/OtherExpensesIncludedAmt0134347
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0460721
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140660
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0601381
IRS990ScheduleD/OtherRevenueAmt0134347
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0336463
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01930197
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EARNINGS FROM THE ENDOWMENT ARE TO BE USED EXCLUSIVELY FOR SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MADONNA LEARNING CENTER, INC. FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION SC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE CENTER HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE CENTERS EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED JUNE 30, 2018, THROUGH JUNE 30, 2020, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JUNE 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES SHOWN ON PART VIII LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING EXPENSES SHOWN ON PART VIII LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE ADJUSTMENTS ON LINE 2D OF SECTION XII AND XIII ARE TO RECLASS THE DIRECT FUNDRAISING EXPENSES THAT ARE NETTED AGAINST REVENUE ON THE 990 BUT ARE INCLUDED IN EXPENSES ON THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, SECTION XII AND XIII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07002072
IRS990ScheduleD/TotalExpensesPerForm990Amt02098936
IRS990ScheduleD/TotalRevenuePerForm990Amt01930197
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02266660
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02233283
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,079,223
Liabilities
$583,144
Net assets
$10,496,079
Revenue
$1,930,197
Expenses
$2,098,936
Net income
-$168,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$0.52$16.8$4.12$3.37$0.75
2023Detailed filing. Detailed filing data is available for this year.$16.1$0.44$15.7$4.34$3.11$1.23
2022Detailed filing. Detailed filing data is available for this year.$14.1$0.35$13.7$3.82$2.57$1.25
2021Detailed filing. Detailed filing data is available for this year.$13.9$0.59$13.3$4.44$2.28$2.16
2020Detailed filing. Detailed filing data is available for this year.$11.1$0.58$10.5$1.93$2.10$0.17
2019Detailed filing. Detailed filing data is available for this year.$10.7$0.28$10.5$1.97$2.00$0.04
2018Detailed filing. Detailed filing data is available for this year.$10.8$0.25$10.5$1.81$1.95$0.14
2017Detailed filing. Detailed filing data is available for this year.$10.9$0.21$10.7$1.84$1.86$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.9$0.22$10.6$1.95$2.01$0.06
2015Detailed filing. Detailed filing data is available for this year.$11.5$0.75$10.7$3.04$1.37$1.67
2014Detailed filing. Detailed filing data is available for this year.$9.46$0.27$9.18$8.31$1.32$6.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.18$2.19$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.16$2.27$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.13$2.00$1.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.14$1.89$1.03