Civic Intelligence

Montgomery Academy

990EZ • Fiscal year 2023 • EIN 83-2777380

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 13, 2024

1230 Rossview RdClarksville, TN 37043

(931) 278-9089

Siviq Scores

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

Liabilities / Assets

71st percentile

0.02x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

8.3%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$55,231

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

75th percentile

22%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

34%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$48,515

Up $8,908 (+22%) from 2022

Net Assets

Up

$47,347

Up $7,740 (+20%) from 2022

Liabilities

Up

$1,168

Up $1,168 from 2022

Revenue

Up

$183,821

Up $46,290 (+34%) from 2022

Expenses

Up

$168,582

Up $53,743 (+47%) from 2022

Net Income

Down

$15,239

Down $7,453 (-33%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2022: $39,607Liabilities 2022: $0Net Assets 2022: $39,6072022Assets 2023: $48,515Liabilities 2023: $1,168Net Assets 2023: $47,3472023Assets 2024: $69,846Liabilities 2024: $4,973Net Assets 2024: $64,8732024

Highlighted filing

2023

Assets$48,515
Liabilities$1,168
Net Assets$47,347

Operations Trend

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

$300K$200K$100K$0Revenue 2022: $137,531Expenses 2022: $114,839Net Income 2022: $22,6922022Revenue 2023: $183,821Expenses 2023: $168,582Net Income 2023: $15,2392023Revenue 2024: $228,341Expenses 2024: $220,687Net Income 2024: $7,6542024

Highlighted filing

2023

Revenue$183,821
Expenses$168,582
Net Income$15,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 13, 2024
Return Version
2023v5.0
Gross Receipts
$183,821
Mission and Program Overview

Mission

Montgomery Academy provides spiritual and academic nourishment to families in the Clarksville-Montgomery County area. We do this primarily during core classes that meet twice per week, open to homeschooling families. Additionally, we offer elective courses, parent training, social events, assessments, and tutoring to the broader community. 76 Students currently attend classes on campus days and an additional 14 have used additional services. Our community events average 200 in attendance. We regularly connect community members with a variety of resources in our area, thereby supporting the local school system and area specialists. We employ 16 staff members and provide generous tuition discounts to them. Many of our staff members are professionals from the community. Because we value socioeconomic diversity, our tuition is lower in comparison to other programs in our area and we maintain a library that helps further offset costs. Tuition assistance is generous.

Montgomery Academy provides spiritual and academic nourishment to families in the Clarksville-Montgomery County area. We do this primarily duringcore classes that meet twice per week, open to homeschooling families. Additionally, we offer elective courses, parent training, social events,assessments, and tutoring to the broader community. Also, We regularly connect community members with a variety of resources in our area, therebysupporting the local school system and area specialists.

Program Services

DescriptionGrantsExpenses
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.-$165,091
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEANN BOYDCEOPT$55,231-$55,231
RYAN COATNEYPresident-$0--
SARAH SCHWARTZSecretary-$0--
BRETT VADENMember At Large-$0--
STEPHEN LEEMember At Large-$0--
ANDREW ARRINGTONTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Montgomery Academy
EIN
83-2777380
Phone
9312789089
Address
1230 ROSSVIEW RD, CLARKSVILLE, TN 37043

Signing Officer

Name
Leann Boyd
Title
CEO
Signed
2024-06-13
Discuss with paid preparer
Yes

Preparer

Firm
Stone Rudolph & Henry Plc
Address
124 CENTER POINTE DRIVE, CLARKSVILLE, TN 37040
Preparer
David Fitch
Phone
9316484786
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $487

Other Expenses.1012

Insurance $400

Other Expenses.1

CLASSROOM SUPPLIES $5828

Other Expenses.2

CONTRACT LABOR $3884

Other Expenses.3

OFFICE SUPPLIES $1844

Other Expenses.4

Professional development $884

Other Expenses.5

PHONE AND INTERNET $672

Other Expenses.6

BACKGROUND CHECKS $472

Other Expenses.7

HOSPITALITY $366

Other Expenses.8

BANK CHARGES $139

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $1168

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $487
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLASSROOM SUPPLIES $5828
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR $3884
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE SUPPLIES $1844
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL DEVELOPMENT $884
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ReturnHeader/PreparerPersonGrp/PhoneNum09316484786
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02023-01-01
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ReturnHeader/TaxYr02023

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