Totals
- Total revenue
- $919,566
- Total expenses
- $2,174,057
- Contributions and grants received
- $4,700
- Grants paid
- $2,174,057
- Program service revenue
- $0
- Investment income
- $914,866
- Other revenue
- $0
- Total assets, end of year
- $5,113,848
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,113,848
- Program services expenses (Part IX)
- $2,174,057
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,174,057
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,700
-
3 · Investment income
total $102,538 · excluded $102,538
-
7a · Gross sales of assets other than inventory
securities $1,430,000
-
7b · Less cost or other basis and sales expenses
securities $617,672
-
7c · Gain or loss
securities $812,328
-
7d · Net gain or loss
total $812,328 · excluded $812,328
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,151,000 · program services $2,151,000
-
2 · Grants to domestic individuals
total $23,057 · program services $23,057
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,634 · end of year $1,950
-
2 · Savings and temporary cash investments
beginning of year $572 · end of year $598
-
3 · Pledges and grants receivable
beginning of year $3,865 · end of year $3,865
-
4 · Accounts receivable
beginning of year $816,108 · end of year $96,795
-
11 · Investments: publicly traded securities
beginning of year $5,744,734 · end of year $5,010,640
-
27 · Net assets without donor restrictions
beginning of year $4,578,543 · end of year $3,017,319
-
28 · Net assets with donor restrictions
beginning of year $1,991,370 · end of year $2,096,529
Mission and programs · 2024
Mission
PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE MONTGOMERY ACADEMY
Activities or mission (Part I)
PROVIDE FINANCIAL AND OTHER SUPPORT OF AND FOR THE MONGOMERY ACADEMY
-
SUPPORT OF THE EDUCATIONAL PURPOSE OF MONTGOMERY ACADEMY
Expenses $2,174,057 · Grants $2,174,057
As filed on the 2024 return.
Listed in Part VII
-
Henry H HutchinsonHENRY H HUTCHINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Millie HoustonMILLIE HOUSTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andy WeilANDY WEIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Charlie HarrisCHARLIE HARRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Peter SelmanPETER SELMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Clark SahlieCLARK SAHLIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Knox KershawKNOX KERSHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Shannon SpeirSHANNON SPEIR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ellen BrooksELLEN BROOKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen DeesSTEPHEN DEES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nancy BradfordNANCY BRADFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William Crum IIIWILLIAM CRUM III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ashley McDanielASHLEY MCDANIEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John McWilliamsJOHN MCWILLIAMS
HEAD OF SCHOOL
- Total calculated
- $236,999
- From this org
- $0
- From related orgs
- $216,483
- Other
- $20,516
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $216,483 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,750 related
- Nontaxable benefits
- $0 + $4,766 related
- Filer's total
- $0 + $236,999 related
-
Derek DuboseDEREK DUBOSE
CHIEF FINANCIAL OFFICER
- Total calculated
- $96,399
- From this org
- $0
- From related orgs
- $84,207
- Other
- $12,192
- Hours/week
- 1 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$2,151,000
OPERATIONAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501 (C) 3 · EDUCATION · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601279349304185
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