Saint Ambrose Academy
- Assets
- $5.8m
- Revenue
- $2.8m
- Investments
- $3.5m
- Employees
- 37
- Location
- Madison, WI
- Founding
- 08/2003
- Data as of
- 07/2023
- EIN
- 75-3091931
Organization Overview
Saint Ambrose Academy is located in Madison, WI. The organization was established in 2003. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Saint Ambrose Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Ambrose 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 07/2023, Saint Ambrose Academy generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.2m during the year ending 07/2023. While expenses have increased by 11.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE EDUCATIONAL INSTITUTION FAITHFUL TO THE TEACHINGS OF THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLING SERVICES: ST. AMBROSE ACADEMY IS AN ACCREDITED INDEPENDENT 6-12 CATHOLIC SCHOOL THAT PROVIDES A CLASSICAL EDUCATION ROOTED IN THE CATHOLIC FAITH. STUDENTS STUDY CATHOLIC THEOLOGY AND A COLLEGE PREPARATORY CURRICULUM FOCUSED ON THE PRIMARY WORKS OF WESTERN CIVILIZATION'S GREATEST THINKERS. THE CURRICULUM ALSO INCLUDES LATIN, CORE SCIENCES, MATH, AND A VARIETY OF ELECTIVES, SUCH AS MUSIC, ART, PHILOSOPHY, RHETORIC, THEATRE, AND GYM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Mills President | OfficerTrustee | 2 | $0 |
Laura Karlen Vice President | OfficerTrustee | 5 | $0 |
David Rj Stiennon ESQ Secretary | OfficerTrustee | 5 | $0 |
Diane Marsland Treasurer | OfficerTrustee | 20 | $0 |
Grant Emmel Director Through January | Trustee | 10 | $0 |
Greg Wagner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,679 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,494,365 |
| Noncash contributions included in lines 1a–1f | $148,371 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,044 |
| Total Program Service Revenue | $1,585,616 |
| Investment income | $107,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$490,235 |
| Net Income from Fundraising Events | -$25,376 |
| Net Income from Gaming Activities | $5,035 |
| Net Income from Sales of Inventory | $1,989 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,807,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $370,733 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,952 |
| Compensation of current officers, directors, key employees. | $101,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $786,453 |
| Pension plan accruals and contributions | $11,852 |
| Other employee benefits | $246,028 |
| Payroll taxes | $68,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $488 |
| Fees for services: Accounting | $15,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,560 |
| Advertising and promotion | $10,127 |
| Office expenses | $49,511 |
| Information technology | $19,798 |
| Royalties | $0 |
| Occupancy | $246,033 |
| Travel | $2,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,448 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,742 |
| Insurance | $15,466 |
| All other expenses | $12,000 |
| Total functional expenses | $2,182,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,124 |
| Savings and temporary cash investments | $74,027 |
| Pledges and grants receivable | $1,686,810 |
| Accounts receivable, net | $13,254 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,184 |
| Prepaid expenses and deferred charges | $33,154 |
| Net Land, buildings, and equipment | $134,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,459,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,649 |
| Total assets | $5,843,528 |
| Accounts payable and accrued expenses | $44,363 |
| Grants payable | $0 |
| Deferred revenue | $8,260 |
| 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 | $353,541 |
| Total liabilities | $406,164 |
| Net assets without donor restrictions | $493,647 |
| Net assets with donor restrictions | $4,943,717 |
| 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 | $5,843,528 |