Mount Royal Academy Inc
- Assets
- $546.6k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Sunapee, NH
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 02-0472455
Organization Overview
Mount Royal Academy Inc is located in Sunapee, NH. The organization was established in 1995. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mount Royal Academy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Royal Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Mount Royal Academy Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPREHENSIVE ACADEMIC PROGRAM FOR STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT ROYAL ACADEMY PROVIDES A COMPREHENSIVE ACADEMIC PROGRAM FOR GRADES PRE-KINDERGARTEN THROUGH TWELVE. DURING FISCAL YEAR 2020/2021 185 STUDENTS WERE ENROLLED.
MOUNT ROYAL ACADEMY PROVIDES A COMPREHENSIVE ACADEMIC PROGRAM FOR GRADES PRE-KINDERGARTEN THROUGH TWELVE. DURING FISCAL YEAR 2020/2021 185 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Tremblay Headmaster | Officer | 50 | $79,000 |
Thomas Broom Chairman | OfficerTrustee | 5 | $0 |
Dale Bellavance Director | Trustee | 1 | $0 |
Jason Bassi Director | Trustee | 1 | $0 |
David Thibault Director | Trustee | 1 | $0 |
Christopher Merino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $486,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,645 |
| Total Program Service Revenue | $1,258,487 |
| Investment income | $3,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,606 |
| Net Income from Fundraising Events | $79,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,073,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $575,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $658,298 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,815 |
| Payroll taxes | $65,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $667 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,497 |
| Office expenses | $19,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,187 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,781 |
| Insurance | $15,061 |
| All other expenses | $37,534 |
| Total functional expenses | $1,716,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $888 |
| Net Land, buildings, and equipment | $59,293 |
| Investments—publicly traded securities | $411,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,568 |
| Accounts payable and accrued expenses | $8,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $189,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,119 |
| Total liabilities | $212,267 |
| Net assets without donor restrictions | $251,740 |
| Net assets with donor restrictions | $82,561 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $546,568 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mount Royal Academy Inc has recieved totaling $157,830.
| Awarding Organization | Amount |
|---|---|
Rosswood Foundation Vero Beach, FL PURPOSE: FINANCIAL SUPPORT FOR SCHOOL | $50,000 |
Two Eagles Foundation Inc Tomahawk, WI PURPOSE: TUITION ASSISTANCE | $48,000 |
Broom Family Foundation New London, NH PURPOSE: SUPPORT THE ORGANIZATION'S NON PROFIT PURPOSE - PER IRS REGULATION 53.4942 (A)2(C)3(II)(F) PROVIDED NEW ROOF FOR BUILDING, THAT IS USED TO DIRECTLY CARRY OUT THE FOUNDATIONS EXEMPT PURPOSE | $29,400 |
Broom Family Foundation New London, NH PURPOSE: SUPPORT THE ORGANIZATION'S NON PROFIT PURPOSE | $28,909 |
Mr And Mrs Sanford N Mcdonnell Foundation Saint Albans, MO PURPOSE: FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $521 |
Endowment Analysis
| Beg. Balance | $65,096 |
| Earnings | $17,465 |
| Ending Balance | $82,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |
Brookwood School Incorporated Manchester, MA | $33,301,700 | $12,669,241 |
Cape Cod Academy Inc Osterville, MA | $13,242,497 | $10,612,014 |
Foxcroft Academy Trustees Doverfoxcroft, ME | $30,930,930 | $10,035,137 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |
Hillside School Marlborough, MA | $33,049,340 | $9,104,442 |
Newton Montessori School Inc Newton Centre, MA | $10,554,680 | $8,644,583 |
Montrose Foundation Inc Medfield, MA | $18,590,536 | $8,753,750 |
Friends Academy Inc North Dartmouth, MA | $17,029,726 | $7,811,864 |