Mother Teresa Academy
- Assets
- $612.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Clifton Park, NY
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 68-0599791
Organization Overview
Mother Teresa Academy is located in Clifton Park, NY. The organization was established in 2007. 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 06/2022, Mother Teresa Academy employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mother Teresa Academy 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, Mother Teresa Academy generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $980.7k during the year ending 06/2022. While expenses have increased by 21.2% 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
OPERATION OF A PRIVATE INDEPENDENT ELEMENTARY SCHOOL TEACHING CHRISTIAN VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE INDEPENDENT ELEMENTARY SCHOOL TEACHING CHRISTIAN VALUES TO STUDENTS NURSERY, PRE-K & KINDERGARTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra A Kenyon Executive Dir. | Officer | 40 | $43,475 |
David Needham President | OfficerTrustee | 5 | $0 |
Cheryl Mcdonald Secretary | OfficerTrustee | 2 | $0 |
Michael Maddalone Director | Trustee | 2 | $0 |
Edward Cottrell Director | Trustee | 1 | $0 |
Greg Bruno Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,957 |
| Total Program Service Revenue | $930,437 |
| Investment income | $1,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $602 |
| 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. | $46,933 |
| Compensation of current officers, directors, key employees. | $14,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $507,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,464 |
| Payroll taxes | $50,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,181 |
| Advertising and promotion | $23,545 |
| Office expenses | $14,916 |
| Information technology | $13,748 |
| Royalties | $0 |
| Occupancy | $207,726 |
| Travel | $1,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $625 |
| Interest | $7,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,907 |
| Insurance | $4,679 |
| All other expenses | $9,000 |
| Total functional expenses | $980,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,055 |
| Savings and temporary cash investments | $95,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,944 |
| 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 | $33,997 |
| Net Land, buildings, and equipment | $121,999 |
| Investments—publicly traded securities | $64,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,667 |
| Total assets | $612,450 |
| Accounts payable and accrued expenses | $34,355 |
| Grants payable | $0 |
| Deferred revenue | $71,657 |
| 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 | $156,250 |
| Other liabilities | $1 |
| Total liabilities | $262,263 |
| Net assets without donor restrictions | $350,187 |
| 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 | $612,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Greenwich Country Day School Inc Greenwich, CT | $332,908,976 | $95,548,707 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |