Civic Intelligence

Mount Vernon Academy

990 • Fiscal year 2022 • EIN 87-0343022

Jan 01, 2022 to Dec 31, 2022 • Filed on May 08, 2023

Organization Profilewww.mountvernonacademy.com
240 East 5600 SouthMurray, UT 84107

(801) 266-5521

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$84,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

98th percentile

348%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

53%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$127,939

Up $99,374 (+348%) from 2021

Net Assets

Up

$127,939

Up $99,374 (+348%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin60th percentile

Revenue

Up

$814,713

Up $282,279 (+53%) from 2021

Expenses

Up

$715,339

Up $145,261 (+25%) from 2021

Net Income

Up

$99,374

Up $137,018 (+364%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$200K$150K$100K$50K$0Assets 2011: $84,370Liabilities 2011: $0Net Assets 2011: $84,3702011Assets 2012: $354Liabilities 2012: $0Net Assets 2012: $3542012Assets 2013: $10,949Liabilities 2013: $0Net Assets 2013: $10,9492013Assets 2014: $1,258Liabilities 2014: $0Net Assets 2014: $1,2582014Assets 2015: $2,523Liabilities 2015: $0Net Assets 2015: $2,5232015Assets 2016: $8,482Liabilities 2016: $0Net Assets 2016: $8,4822016Assets 2017: $9,265Liabilities 2017: $0Net Assets 2017: $9,2652017Assets 2018: $23,338Liabilities 2018: $0Net Assets 2018: $23,3382018Assets 2019: $82,605Liabilities 2019: $0Net Assets 2019: $82,6052019Assets 2020: $18,964Liabilities 2020: $0Net Assets 2020: $18,9642020Assets 2021: $28,565Liabilities 2021: $0Net Assets 2021: $28,5652021Assets 2022: $127,939Liabilities 2022: $0Net Assets 2022: $127,9392022Assets 2023: $158,156Liabilities 2023: $0Net Assets 2023: $158,1562023Assets 2024: $187,436Liabilities 2024: $0Net Assets 2024: $187,4362024

Highlighted filing

2022

Assets$127,939
Liabilities$0
Net Assets$127,939
Open 2022 Filing

Operations Trend

Revenue Growth80th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $590,636Expenses 2011: $547,202Net Income 2011: $43,4342011Revenue 2012: $649,429Expenses 2012: $649,962Net Income 2012: -$5332012Revenue 2013: $651,659Expenses 2013: $640,177Net Income 2013: $11,4822013Revenue 2014: $703,735Expenses 2014: $623,925Net Income 2014: $79,8102014Revenue 2015: $824,531Expenses 2015: $823,266Net Income 2015: $1,2652015Revenue 2016: $694,774Expenses 2016: $688,815Net Income 2016: $5,9592016Revenue 2017: $573,340Expenses 2017: $557,838Net Income 2017: $15,5022017Revenue 2018: $0Expenses 2018: $602,166Net Income 2018: -$602,1662018Revenue 2019: $463,062Expenses 2019: $434,904Net Income 2019: $28,1582019Revenue 2020: $527,689Expenses 2020: $511,194Net Income 2020: $16,4952020Revenue 2021: $532,434Expenses 2021: $570,078Net Income 2021: -$37,6442021Revenue 2022: $814,713Expenses 2022: $715,339Net Income 2022: $99,3742022Revenue 2023: $862,967Expenses 2023: $832,750Net Income 2023: $30,2172023Revenue 2024: $1,361,563Expenses 2024: $1,332,283Net Income 2024: $29,2802024

Highlighted filing

2022

Revenue$814,713
Expenses$715,339
Net Income$99,374
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 8, 2023
Return Version
2022v5.0
Gross Receipts
$814,713
Mission and Program Overview

Mission

We are a small private school that allows students from around the world and locally a chance to receive a valuable education with small class sizes from an accredited school. Almost all of of our student body will ultimately graduate from Mount Vernon and go on to college.

We are a private school of approximately 100 students. Our student body represent 10 different countries from around the world, allowing for a diverse and culturally rich environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,565$127,939▲ $99,374
Rtn Earn Endowment Incm Other Fnds$28,565$127,939▲ $99,374
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$28,565$127,939▲ $99,374
Liabilities
Accounts Payable and Accrued Expenses$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,565$127,939▲ $99,374
Total Liabilities and Net Assets / Fund Balance$28,565$127,939▲ $99,374
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mike LambsonPresidentFT$84,000$84,000

Board Members and Trustees

NameTitle
Britney LambsonTrustee
Ryan LambsonTrustee
Shannon LambsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$500
Program Service Revenue
$814,213
Investment Income
$0
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$99,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$442,452
Salaries, Compensation, and Employee Benefits$272,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$173,786$159,533-$333,319
Other Salaries and Wages$169,495--$169,495
Occupancy$109,133--$109,133
Current Officers, Directors, Trustees, and Key Employees$84,000--$84,000
Payroll Taxes$19,392--$19,392
Total Functional Expenses$555,806$159,533$0$715,339
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
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Our board consists of a husband, wife, and two children.”

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

“Each board member reviews the 990 document before we submit it.”

Form 990, Part VI, Section C, Line 19

“Our form 990 document and any other pertinent document are available for inspection upon request. These are available through the school office.”

Filing and Contact Details

Filer

Filer Name
Mount Vernon Academy
EIN
87-0343022
Phone
8012665521
Address
240 East 5600 South, Murray, UT 84107

Signing Officer

Name
Mike Lambson
Title
President
Phone
8012665521
Signed
2023-05-08

Organization Details

Principal Officer
Mike Lambson
Formed
1975
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
0
Employees
15
Volunteers
0
Raw XML Appendix325 raw XML fields

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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IRS990/Desc0Mount Vernon Academy has served the world for the past 47 years providing an amazing place to gather, be educated, and share common goals. We serve students from Utah and various countries from around the world. Our number one program service accomplishment is offering opportunity for students to be educated that come from such a diverse and culturally rich backgrounds. Our teachers work 7 hours per day and 180 days per year to make every student feel valued and important.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Our community is aware of our non-discriminatory policies through our documentation during the school registration process and the forms that they sign to register.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our board consists of a husband, wife, and two children.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member reviews the 990 document before we submit it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Our form 990 document and any other pertinent document are available for inspection upon request. These are available through the school office.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08012665521
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOUNT VERNON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MOUN
ReturnHeader/Filer/EIN0870343022
ReturnHeader/Filer/PhoneNum08012665521
ReturnHeader/Filer/USAddress/AddressLine1Txt0240 East 5600 South
ReturnHeader/Filer/USAddress/CityNm0Murray
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084107
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-05-09T00:37:27-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$127,939
Liabilities
$0
Net assets
$127,939
Revenue
$814,713
Expenses
$715,339
Net income
$99,374
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$1.36$1.33$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.86$0.83$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.81$0.72$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.53$0.57$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.53$0.51$0.02
2019Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.46$0.43$0.03
2018Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.00$0.60$0.60
2017Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.57$0.56$0.02
2016Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.69$0.69$0.01
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.82$0.82$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.70$0.62$0.08
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.65$0.64$0.01
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.65$0.65$0.00
2011Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.59$0.55$0.04