Madonna Learning Center Incorporated
- Assets
- $13.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Germantown, TN
- Founding
- 06/1974
- Data as of
- 06/2021
- EIN
- 62-0858169
Organization Overview
Madonna Learning Center Incorporated is located in Germantown, TN. The organization was established in 1974. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Madonna Learning Center Incorporated employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madonna Learning Center Incorporated 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, Madonna Learning Center Incorporated generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 2.1% 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
MADONNA LEARNING CENTER, INC. PROVIDES A FAITH BASED EDUCATIONAL AND SOCIAL ENVIRONMENT THAT EMPOWERS CHILDREN AND ADULTS WITH SPECIAL NEEDS TO REACH THEIR FULL POTENTIAL WHILE OFFERING SUPPORT TO THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADONNA LEARNING CENTER, INC. IS A PRIVATE INDEPENDENT SCHOOL AND ADULT TRAINING CENTER FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. THE SCHOOL PROVIDES AN EDUCATIONAL SETTING WHICH INCLUDES PROGRAMMING AND SERVICES SIMILAR TO OTHER SCHOOLS. AGES RANGE FROM 4-19 IN THE SCHOOL PROGRAM. STUDENTS ADVANCE TO THE ADULT PROGRAM (MONARCH PROGRAM) AT AGE 18/19. THIS PROGRAM INCLUDES 3 CLASSES. TWO CLASSES FOCUS ON TRAINING FOR EMPLOYMENT AND INDEPENDENT LIVING. THE THIRD CLASS WORKS WITH STUDENTS FULL AND PART TIME ON SKILLS FOR SUSTAINING EMPLOYMENT, SOCIAL SKILLS AND COMMUNITY OUTREACH ACTIVITIES. STUDENTS IN THE SCHOOL PROGRAM RECEIVE LANGUAGE AND OCCUPATIONAL THERAPY SERVICES. ADULTS RECEIVE CONSULTATION THERAPY AS NEEDED FOR EMPLOYMENT AND INDEPENDENT LIVING. ALL STUDENTS AND ADULTS PARTICIPATE IN SPECIALTY CLASSES SUCH AS ART, MUSIC, DANCE, PHYSICAL EDUCATION, AND FITNESS.THE GOAL OF THE SCHOOL IS TO PREPARE OUR STUDENTS TO BE AS INDEPENDENT AS POSSIBLE WHEN THEY ENTER THEIR ADULT LIFE. WE ARE A SINGLE PROGRAM WITH MULTIPLE EDUCATIONAL EXPERIENCES TO MEET OUR MISSION. WE ENROLL APPROXIMATELY 90-95 STUDENTS AND ADULTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo-Ann Gilbert Exec. Director | Officer | 40 | $96,687 |
Jimmy Dickey Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Williamson Vice President | OfficerTrustee | 1 | $0 |
Dr Mike Neel President | OfficerTrustee | 2 | $0 |
Joanna Curtis Director | Trustee | 1 | $0 |
Kevin Ferguson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,702 |
| Related organizations | $0 |
| Government grants | $279,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,604,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000,230 |
| Total Program Service Revenue | $1,115,445 |
| Investment income | $95,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $144,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,517 |
| Net Income from Fundraising Events | $107,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,444,754 |
| 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. | $102,660 |
| Compensation of current officers, directors, key employees. | $41,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,320,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,967 |
| Payroll taxes | $112,362 |
| Fees for services: Management | $11,303 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,387 |
| Fees for services: Other | $480 |
| Advertising and promotion | $400 |
| Office expenses | $13,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $266,245 |
| Travel | $2,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,243 |
| Insurance | $28,889 |
| All other expenses | $0 |
| Total functional expenses | $2,279,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,234,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,091 |
| 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 | $2,902 |
| Net Land, buildings, and equipment | $6,906,971 |
| Investments—publicly traded securities | $4,765,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,911,009 |
| Accounts payable and accrued expenses | $103,925 |
| Grants payable | $0 |
| Deferred revenue | $207,009 |
| 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 | $279,720 |
| Other liabilities | $0 |
| Total liabilities | $590,654 |
| Net assets without donor restrictions | $9,501,359 |
| Net assets with donor restrictions | $3,818,996 |
| 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 | $13,911,009 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Madonna Learning Center Incorporated has recieved totaling $331,936.
| Awarding Organization | Amount |
|---|---|
Wiseheart Foundation Memphis, TN PURPOSE: GENERAL SUPPORT | $150,250 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $111,750 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $45,134 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $14,802 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $111,632 |
| Earnings | $26,804 |
| Ending Balance | $138,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
Cares Center Inc Jackson, MS | $2,449,159 | $17,114,688 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
The Elizabeth Richardson Center Inc Fayetteville, AR | $5,939,188 | $10,158,731 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |