Civic Intelligence

Montgomery Academy Inc.

990 • Fiscal year 2023 • EIN 63-0401358

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

Organization ProfileWWW.MONTGOMERYACADEMY.ORG

View Organization Page

3240 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

78th percentile

0.55x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.96x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

21st percentile

-8.9%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$232,512

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

13th percentile

-5.6%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

1.1%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$21,418,403

Down $1,272,338 (-5.6%) from 2022

Net Assets

Down

$9,698,402

Down $1,089,530 (-10%) from 2022

Liabilities

Down

$11,720,001

Down $182,808 (-1.5%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin21st percentile

Revenue

Up

$12,252,122

Up $132,311 (+1.1%) from 2022

Expenses

Up

$13,341,652

Up $1,367,230 (+11%) from 2022

Net Income

Down

-$1,089,530

Down $1,234,919 (-849%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$30M$20M$10M$0Assets 2010: $29,363,888Liabilities 2010: $16,449,397Net Assets 2010: $12,914,4912010Assets 2011: $29,419,232Liabilities 2011: $17,617,881Net Assets 2011: $11,801,3512011Assets 2012: $27,773,935Liabilities 2012: $16,911,989Net Assets 2012: $10,861,9462012Assets 2013: $26,693,377Liabilities 2013: $16,705,265Net Assets 2013: $9,988,1122013Assets 2014: $26,963,591Liabilities 2014: $16,168,857Net Assets 2014: $10,794,7342014Assets 2015: $25,554,939Liabilities 2015: $15,098,303Net Assets 2015: $10,456,6362015Assets 2016: $25,194,163Liabilities 2016: $14,496,856Net Assets 2016: $10,697,3072016Assets 2017: $23,711,974Liabilities 2017: $13,621,756Net Assets 2017: $10,090,2182017Assets 2018: $22,701,512Liabilities 2018: $13,046,494Net Assets 2018: $9,655,0182018Assets 2019: $21,964,193Liabilities 2019: $12,965,899Net Assets 2019: $8,998,2942019Assets 2020: $22,347,255Liabilities 2020: $13,626,429Net Assets 2020: $8,720,8262020Assets 2021: $22,740,065Liabilities 2021: $12,097,522Net Assets 2021: $10,642,5432021Assets 2022: $22,690,741Liabilities 2022: $11,902,809Net Assets 2022: $10,787,9322022Assets 2023: $21,418,403Liabilities 2023: $11,720,001Net Assets 2023: $9,698,4022023Assets 2024: $20,433,738Liabilities 2024: $11,895,666Net Assets 2024: $8,538,0722024

Highlighted filing

2023

Assets$21,418,403
Liabilities$11,720,001
Net Assets$9,698,402
Open 2023 Filing

Operations Trend

Revenue Growth41st percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,071,1992010Revenue 2011: $9,980,267Expenses 2011: $11,124,068Net Income 2011: -$1,143,8012011Expenses 2012: $11,704,6132012Expenses 2013: $12,030,4622013Revenue 2014: $13,152,782Expenses 2014: $12,337,237Net Income 2014: $815,5452014Revenue 2015: $11,794,009Expenses 2015: $12,122,358Net Income 2015: -$328,3492015Revenue 2016: $12,272,658Expenses 2016: $12,017,639Net Income 2016: $255,0192016Revenue 2017: $11,572,668Expenses 2017: $12,179,757Net Income 2017: -$607,0892017Revenue 2018: $11,854,658Expenses 2018: $12,289,858Net Income 2018: -$435,2002018Revenue 2019: $10,835,715Expenses 2019: $11,492,439Net Income 2019: -$656,7242019Revenue 2020: $11,005,286Expenses 2020: $11,282,754Net Income 2020: -$277,4682020Revenue 2021: $13,472,054Expenses 2021: $11,550,337Net Income 2021: $1,921,7172021Revenue 2022: $12,119,811Expenses 2022: $11,974,422Net Income 2022: $145,3892022Revenue 2023: $12,252,122Expenses 2023: $13,341,652Net Income 2023: -$1,089,5302023Revenue 2024: $12,637,060Expenses 2024: $13,797,390Net Income 2024: -$1,160,3302024

Highlighted filing

2023

Revenue$12,252,122
Expenses$13,341,652
Net Income-$1,089,530
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$12,252,376
Mission and Program Overview

Mission

The montgomery academy develops leaders committed to honor, scholarship, service and the pursuit of excellence.

College prepatory school kindergarten through grade 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,216,051$17,295,707▲ $79,656
Cash and Non-Interest-Bearing Accounts$3,836,290$2,383,108▼ $1,453,182
Accounts Receivable$681,729$871,938▲ $190,209
Pledges and Grants Receivable$280,783$272,361▼ $8,422
Savings and Temporary Cash Investments$200,000$200,000→ $0
Prepaid Expenses and Deferred Charges$149,408$132,482▼ $16,926
Inventories for Sale or Use$98,734$56,990▼ $41,744
Total Assets$22,690,741$21,418,403▼ $1,272,338
Other Assets Total$227,746$205,817▼ $21,929
Liabilities
Tax Exempt Bond Liabilities$7,234,323$6,925,152▼ $309,171
Deferred Revenue$3,531,770$3,449,900▼ $81,870
Accounts Payable and Accrued Expenses$917,698$1,140,284▲ $222,586
Other Liabilities$219,018$204,665▼ $14,353
Total Liabilities$11,902,809$11,720,001▼ $182,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,988,784$8,921,298▼ $1,067,486
Net Assets With Donor Restrictions$799,148$777,104▼ $22,044
Total Net Assets Fund Balance$10,787,932$9,698,402▼ $1,089,530
Total Liabilities and Net Assets / Fund Balance$22,690,741$21,418,403▼ $1,272,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,128,606$20,657,378$32,785,984
Equipment$649,221$4,129,804$4,779,025
Land$4,436,584-$4,436,584
Other Land Buildings$81,296$550,172$631,468

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$5,001,987$14,289▲ $650,041$10,641$5,655,676
2021$6,007,099$13,673▼ $1,015,785$3,000$5,001,987
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
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John McwilliamsHead of SchoolFT$213,333$19,179$232,512
Derek DuboseChief Financial OfficerFT$92,606$7,237$99,843

Board Members and Trustees

NameTitle
Steve DavidsonTrustee - President
Peter SelmanTrustee - Vice-president
Alex CarothersTrustee
Ashley McdanielTrustee
Blake HorneTrustee
Brian GaryTrustee
Cade ArmstrongTrustee
Clark SahlieTrustee
Delecia McintyreTrustee
Jo MooreTrustee
Johnny Raines IiiTrustee
Jordan McbrideTrustee
Louisa Tolentino-prosserTrustee
Lynn BeshearTrustee
Millie HoustonTrustee
Owen AronovTrustee
Pamela TuckTrustee
Phelps ReidTrustee
Rodney SmithTrustee
Stephen DeesTrustee
Temple MillsapTrustee
Wade SegrestTrustee
Courtney WilliamsTrustee - Secretary-treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$683,949
Program Service Revenue
$11,360,588
Investment Income
$1,110
Other Revenue
$206,475
All Other Contributions
$683,949
Change in Net Assets
$-1,089,530

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$27,256Fair Market Value (FMV)
Total Noncash Contributions7$27,256-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,252,251
Other Expenses$5,252,525
Grants and Similar Amounts Paid$836,876
Total Fundraising Expense$238,350
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,015,954$381,497$94,966$5,492,417
Occupancy$983,314$80,994-$1,064,308
Depreciation Depletion$861,501$80,667-$942,168
Grants to Domestic Individuals$836,876--$836,876
Other Employee Benefits$559,016$117,032$5,493$681,541
All Other Expenses$353,841$120,822$57,706$532,369
Payroll Taxes$362,280$35,062$8,837$406,179
Interest-$387,828-$387,828
Current Officers, Directors, Trustees, and Key Employees$127,061$171,704$44,643$343,408
Pension Plan Contributions$284,809$35,040$8,857$328,706
Other Expenses$226,115--$226,115
Office Expenses$46,885$93,576$2,417$142,878
Advertising$2,863$95,672$15,431$113,966
Insurance$53,540$55,868-$109,408
Fees for Services Accounting-$43,900-$43,900
Conferences and Meetings-$27,821-$27,821
Total Functional Expenses$11,375,819$1,727,483$238,350$13,341,652
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Agencies$113,656
Due to Foundation$91,009

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Montgomery Academy2017-09-19$8,537,877CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
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 B, Line 15

“The head of school's salary is determined by using benchmark data from the national association of independent schools and negotiations between the head of school and the board president, vice president and treasurer.”

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
EIN
63-0401358
Phone
3342728210
Address
3240 VAUGHN ROAD, MONTGOMERY, AL 36106

Signing Officer

Name
Steve Davidson
Title
President
Phone
3342728210
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Davidson
Formed
1959
Legal Domicile
Al
Voting Board Members
23
Independent Board Members
23
Employees
292
Volunteers
55

Preparer

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

Financial Statement Notes

PART V, LINE 4:

“Support the educational purpose of the 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/Form990PartVIISectionAGrp/PersonNm9STEVE DAVIDSON
IRS990/Form990PartVIISectionAGrp/PersonNm10TEMPLE MILLSAP
IRS990/Form990PartVIISectionAGrp/PersonNm11WADE SEGREST
IRS990/Form990PartVIISectionAGrp/PersonNm12MILLIE HOUSTON
IRS990/Form990PartVIISectionAGrp/PersonNm13CLARK SAHLIE
IRS990/Form990PartVIISectionAGrp/PersonNm14RODNEY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm15LYNN BESHEAR
IRS990/Form990PartVIISectionAGrp/PersonNm16STEPHEN DEES
IRS990/Form990PartVIISectionAGrp/PersonNm17JORDAN MCBRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm18PAMELA TUCK
IRS990/Form990PartVIISectionAGrp/PersonNm19JO MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHNNY RAINES III
IRS990/Form990PartVIISectionAGrp/PersonNm21PHELPS REID
IRS990/Form990PartVIISectionAGrp/PersonNm22LOUISA TOLENTINO-PROSSER
IRS990/Form990PartVIISectionAGrp/PersonNm23JOHN MCWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm24DEREK DUBOSE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23213333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2492606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE - SECRETARY-TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE - VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE - PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-94
IRS990/GainOrLossGrp/SecuritiesAmt0-160
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantAmt0836876
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0836876
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0836876
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012252376
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt055868
IRS990/InsuranceGrp/ProgramServicesAmt053540
IRS990/InsuranceGrp/TotalAmt0109408
IRS990/InterestGrp/ManagementAndGeneralAmt0387828
IRS990/InterestGrp/TotalAmt0387828
IRS990/InventoriesForSaleOrUseGrp/BOYAmt098734
IRS990/InventoriesForSaleOrUseGrp/EOYAmt056990
IRS990/InvestmentIncomeGrp/ExclusionAmt01364
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01364
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0103
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025337354
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017216051
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017295707
IRS990/LandBldgEquipCostOrOtherBssAmt042633061
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt094
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0160
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MONTGOMERY ACADEMY DEVELOPS LEADERS COMMITTED TO HONOR, SCHOLARSHIP, SERVICE AND THE PURSUIT OF EXCELLENCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010787932
IRS990/NetAssetsOrFundBalancesEOYAmt09698402
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-254
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-254
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09988784
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08921298
IRS990/NoncashContributionsAmt027256
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt080994
IRS990/OccupancyGrp/ProgramServicesAmt0983314
IRS990/OccupancyGrp/TotalAmt01064308
IRS990/OfficeExpensesGrp/FundraisingAmt02417
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt093576
IRS990/OfficeExpensesGrp/ProgramServicesAmt046885
IRS990/OfficeExpensesGrp/TotalAmt0142878
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0227746
IRS990/OtherAssetsTotalGrp/EOYAmt0205817
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05493
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0117032
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0559016
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0681541
IRS990/OtherExpensesGrp/Desc0AUXILIARY SERVICES
IRS990/OtherExpensesGrp/Desc1DEPARTMENT EXPENSES
IRS990/OtherExpensesGrp/Desc2ATHLETIC EXPENSE
IRS990/OtherExpensesGrp/Desc3FACULTY RECRUITMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0917803
IRS990/OtherExpensesGrp/ProgramServicesAmt1437878
IRS990/OtherExpensesGrp/ProgramServicesAmt2306083
IRS990/OtherExpensesGrp/ProgramServicesAmt3226115
IRS990/OtherExpensesGrp/TotalAmt0917803
IRS990/OtherExpensesGrp/TotalAmt1437878
IRS990/OtherExpensesGrp/TotalAmt2306083
IRS990/OtherExpensesGrp/TotalAmt3226115
IRS990/OtherLiabilitiesGrp/BOYAmt0219018
IRS990/OtherLiabilitiesGrp/EOYAmt0204665
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0GAIN/(LOSS) ON INTEREST RATE SWAP
IRS990/OtherRevenueMiscGrp/ExclusionAmt0206475
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0206475
IRS990/OtherRevenueTotalAmt0206475
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt094966
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0381497
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05015954
IRS990/OtherSalariesAndWagesGrp/TotalAmt05492417
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08837
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035062
IRS990/PayrollTaxesGrp/ProgramServicesAmt0362280
IRS990/PayrollTaxesGrp/TotalAmt0406179
IRS990/PensionPlanContributionsGrp/FundraisingAmt08857
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035040
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0284809
IRS990/PensionPlanContributionsGrp/TotalAmt0328706
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0280783
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0272361
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0149408
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0132482
IRS990/PrincipalOfficerNm0STEVE DAVIDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILLIARY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2CAMPS & OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc3ATHLETIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010443124

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,418,403
Liabilities
$11,720,001
Net assets
$9,698,402
Revenue
$12,252,122
Expenses
$13,341,652
Net income
-$1,089,530
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.4$11.9$8.54$12.6$13.8$1.16
2023Detailed filing. Detailed filing data is available for this year.$21.4$11.7$9.70$12.3$13.3$1.09
2022Detailed filing. Detailed filing data is available for this year.$22.7$11.9$10.8$12.1$12.0$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$12.1$10.6$13.5$11.6$1.92
2020Detailed filing. Detailed filing data is available for this year.$22.3$13.6$8.72$11.0$11.3$0.28
2019Detailed filing. Detailed filing data is available for this year.$22.0$13.0$9.00$10.8$11.5$0.66
2018Detailed filing. Detailed filing data is available for this year.$22.7$13.0$9.66$11.9$12.3$0.44
2017Detailed filing. Detailed filing data is available for this year.$23.7$13.6$10.1$11.6$12.2$0.61
2016Detailed filing. Detailed filing data is available for this year.$25.2$14.5$10.7$12.3$12.0$0.26
2015Detailed filing. Detailed filing data is available for this year.$25.6$15.1$10.5$11.8$12.1$0.33
2014Detailed filing. Detailed filing data is available for this year.$27.0$16.2$10.8$13.2$12.3$0.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$16.7$9.99$12.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$16.9$10.9$11.7
2011Summary only. Only limited summary data is available for this year.$29.4$17.6$11.8$9.98$11.1$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$16.4$12.9$11.1