Monarch Academy Public Charter School Inc
- Assets
- $14.4m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/2010
- Data as of
- 06/2022
- EIN
- 26-2190358
Organization Overview
Monarch Academy Public Charter School Inc is located in Baltimore, MD. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch Academy Public Charter School 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 06/2022, Monarch Academy Public Charter School Inc generated $33.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $33.9m during the year ending 06/2022. While expenses have increased by 11.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONARCH ACADEMY PUBLIC CHARTER SCHOOLS ARE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT AIM TO EDUCATE MARYLAND STUDENTS TO BE SELF-MOTIVATED, CREATIVE, CRITICAL THINKERS AND LIFE-LONG LEARNERS WHO ARE PRODUCTIVE CONTRIBUTORS TO THE GLOBAL COMMUNITY IN THE 21ST CENTURY. AT MONARCH ACADEMY, CHILDREN ARE ENCOURAGED TO THINK CRITICALLY; QUESTION; REFLECT; AND PARTICIPATE IN A RIGOROUS, HIGHLY INTERACTIVE INSTRUCTIONAL PROGRAM THAT INTEGRATES ARTS AND TECHNOLOGY ACROSS THE CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY WAS INCORPORATED TO OPERATE PUBLIC CHARTER AND PUBLIC CONTRACT SCHOOLS IN ANNE ARUNDEL COUNTY FOR STUDENTS IN KINDERGARTEN THROUGH EIGTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kandace Hoppin Chairperson | OfficerTrustee | 2 | $0 |
Ann Wilmoth Director | Trustee | 2 | $0 |
Rashida Kimbrue Major Director | Trustee | 2 | $0 |
Rotunda Floyd-Cooper Director | Trustee | 2 | $0 |
Sissy Jimenez Director | Trustee | 2 | $0 |
Brittany Jones Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steel Building Specialists Inc General Contractor | 6/29/18 | $1,506,651 |
Lonergan's Charter Services Inc Bus Services | 6/29/18 | $1,352,381 |
Nai The Michael Companies Inc Building Management | 6/29/18 | $1,187,495 |
Douron Corporate Furniture Furniture Outlet | 6/29/18 | $234,638 |
Msd Designs Llc Office Designer | 6/29/18 | $138,978 |
Lonergan's Charter Services Inc Bus Services | 6/29/18 | $1,352,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $33,659,725 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,659,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,324,926 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,077 |
| Office expenses | $309,303 |
| Information technology | $59,112 |
| Royalties | $0 |
| Occupancy | $5,262,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,266 |
| Interest | $58,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,228,483 |
| Insurance | $243,601 |
| All other expenses | $0 |
| Total functional expenses | $33,930,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,340,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $713,667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,298,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $14,402,618 |
| Accounts payable and accrued expenses | $804,423 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,902,466 |
| Total liabilities | $6,706,889 |
| Net assets without donor restrictions | $7,695,729 |
| Net assets with donor restrictions | $0 |
| 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 | $14,402,618 |