St Monica Academy Inc
- Assets
- $3.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 47
- Location
- Montrose, CA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 95-4864581
Organization Overview
St Monica Academy Inc is located in Montrose, CA. The organization was established in 1946. 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 06/2023, St Monica Academy Inc employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Monica 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 06/2023, St Monica Academy Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 5.3% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MONICA ACADEMY PROVIDES A CLASSICAL CATHOLIC EDUCATION TO APPROXIMATELY 283 BOYS AND GIRLS IN GRADES ONE THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Halpin Peter Teacher/dean | 40 | $130,130 | |
Freyman Joseph Teacher | 40 | $109,036 | |
Marguerite Grimm Board Member/ Teacher | Trustee | 40 | $86,000 |
Martin Boles Board Member/teacher | Trustee | 15 | $20,600 |
Peter Grimm President/ Coach | OfficerTrustee | 1 | $5,600 |
Scott Turicchi Vice President | OfficerTrustee | 1 | $0 |
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 | $884,428 |
| Noncash contributions included in lines 1a–1f | $39,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $884,428 |
| Total Program Service Revenue | $2,289,869 |
| Investment income | $87,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $548,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,827,791 |
| 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. | $106,600 |
| Compensation of current officers, directors, key employees. | $43,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,023,455 |
| Pension plan accruals and contributions | $47,437 |
| Other employee benefits | $201,071 |
| Payroll taxes | $171,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,718 |
| Office expenses | $33,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,007 |
| Travel | $0 |
| 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 | $40,335 |
| Insurance | $54,262 |
| All other expenses | $295,953 |
| Total functional expenses | $3,447,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,192 |
| Savings and temporary cash investments | $2,832,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,682 |
| 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 | $28,795 |
| Net Land, buildings, and equipment | $287,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $395,936 |
| Total assets | $3,843,177 |
| Accounts payable and accrued expenses | $29,294 |
| Grants payable | $0 |
| Deferred revenue | $374,969 |
| 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 | $395,936 |
| Total liabilities | $800,199 |
| Net assets without donor restrictions | $2,826,477 |
| Net assets with donor restrictions | $216,501 |
| 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 | $3,843,177 |