Monument Academy Inc
- Assets
- $5.9m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 108
- Location
- Washington, DC
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-3662061
Organization Overview
Monument Academy Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Monument Academy Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monument 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, Monument Academy Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $9.3m during the year ending 06/2021. While expenses have increased by 22.5% per year over the past 6 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 EMPOWER CHILDREN AND FAMILIES WHO HAVE EXPERIENCED SIGNIFICANT ADVERSITY, INCLUDING INVOLVEMENT OR RISK OF INVOLVEMENT IN CHILD WELFARE AND/OR OTHER SOCIAL SERVICE SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONUMENT ACADEMY'S PROGRAMS INCLUDE A DAYTIME SCHOOL PROGRAM, WHICH INVOLVES EDUCATING STUDENTS AND ENRICHMENT ACTIVITIES, AND AN EVENING RESIDENTIAL PROGRAM, WHICH INVOLVES HOUSING STUDENTS FROM SUNDAY EVENING THROUGH FRIDAY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Grant Head Of School And CEO | Officer | 40 | $200,692 |
Keisha Morris Chief Operating Officer Until Sept. 2020 | Officer | 40 | $138,838 |
Paris Gasque Chief Of Well Being Until April 2021 | 40 | $129,592 | |
Ashley Decruise Principal | 40 | $102,924 | |
Greg Gaskins Interim Chief Of Operations As Of Sept. 2020 | Officer | 40 | $75,611 |
Tycely Williams Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edops Accounting And Management | 6/29/21 | $114,067 |
Luncheras Food Services | 6/29/21 | $107,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,080,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,059,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,140,143 |
| Total Program Service Revenue | $7,957,303 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,096,350 |
| 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. | $416,138 |
| Compensation of current officers, directors, key employees. | $38,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,521,518 |
| Pension plan accruals and contributions | $136,696 |
| Other employee benefits | $446,429 |
| Payroll taxes | $435,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $139,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,784 |
| Advertising and promotion | $0 |
| Office expenses | $104,927 |
| Information technology | $30,361 |
| Royalties | $0 |
| Occupancy | $2,166,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,800 |
| Insurance | $157,125 |
| All other expenses | $0 |
| Total functional expenses | $9,327,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,384,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $357,423 |
| Accounts receivable, net | $39,124 |
| 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 | $40,237 |
| Net Land, buildings, and equipment | $2,106,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $5,933,200 |
| Accounts payable and accrued expenses | $157,680 |
| 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 | $27,682 |
| Total liabilities | $185,362 |
| Net assets without donor restrictions | $4,980,996 |
| Net assets with donor restrictions | $766,842 |
| 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 | $5,933,200 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Monument Academy Inc has recieved totaling $426,500.
| Awarding Organization | Amount |
|---|---|
The Ceres Foundation Inc 43j-74d54 Groton, MA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $150,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: EDUCATION | $50,000 |
George Frederick Jewett Foundation East St Paul, MN PURPOSE: SUPPORT OF ITS NEW ENRICHMENT AND REMEDIATION WEEKS | $50,000 |
Living Peace Foundation Santa Barbara, CA PURPOSE: SUPPORT THE WHEN WE ALL VOTE/MY SCHOOL VOTES PROGRAM | $15,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Congress Heights Public Charter School CHARTER SCHOOL Washington, DC | $0 | $17,619,110 |
Ingenuity Prep Washington, DC | $6,189,682 | $17,892,639 |
Creative Minds International Public Charter School Washington, DC | $39,022,356 | $15,046,309 |
Corporation Of The Washington Latin School Washington, DC | $31,565,560 | $17,054,882 |
Digital Pioneers Academy Corporation Washington, DC | $4,965,359 | $14,262,245 |
Dc Scholars Public Charter School Inc Washington, DC | $20,175,079 | $14,463,107 |
Apple Tree Early Learning Public Charter School Washington, DC | $18,411,315 | $14,659,192 |
Bridges Public Charter School Washington, DC | $12,214,907 | $15,223,838 |
Lee Montessori Public Charter School Washington, DC | $14,659,011 | $10,839,965 |
Dc Bilingual Public Charter School Washington, DC | $27,867,022 | $13,552,714 |
Bdc A Public Charter School Inc Washington, DC | $5,085,376 | $12,257,470 |
Achievement Preparatory Academy Public Charter School Washington, DC | $36,768,899 | $6,839,835 |