Totals
- Total revenue
- $41,077,065
- Total expenses
- $40,883,601
- Contributions and grants received
- $1,055,824
- Grants paid
- $0
- Program service revenue
- $37,356,945
- Investment income
- $648,404
- Other revenue
- $2,015,892
- Total assets, end of year
- $60,319,359
- Total liabilities, end of year
- $14,301,589
- Net assets or fund balances, end of year
- $46,017,770
- Program services expenses (Part IX)
- $35,723,909
- Management and general expenses
- $5,122,098
- Fundraising expenses
- $37,594
- Program service expenses (Part III)
- $35,723,909
Program services were 87.4% 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.
-
1c · Fundraising events
$672,293
-
1f · All other contributions, gifts and grants
$383,531
-
1g · Noncash contributions included above
$200,000
-
2a · Program service revenue: TUITION, ROOM & BOARD
total $36,731,288 · related or exempt $36,731,288
-
2b · Program service revenue: INSTRUCTIONAL FEES
total $456,247 · related or exempt $456,247
-
2c · Program service revenue: TRANSPORTATION FEES
total $169,410 · related or exempt $169,410
-
3 · Investment income
total $865,585 · excluded $865,585
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $931,383 · other assets $2,000
-
7b · Less cost or other basis and sales expenses
securities $927,822 · other assets $222,742
-
7c · Gain or loss
securities $3,561 · other assets -$220,742
-
7d · Net gain or loss
total -$217,181 · excluded -$217,181
-
8a · Fundraising events: gross income
$27,290
-
8a · Fundraising events: contributions included on line 1c
$672,293
-
8b · Fundraising events: direct expenses
$27,290
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$366,743
-
10b · Cost of goods sold
$567,154
-
10c · Net income from sales of inventory
total -$200,411 · excluded -$200,411
-
11a · Other revenue: MISCELLANEOUS INCOME
total $2,071,089 · related or exempt $2,071,089
-
11b · Other revenue: KEYS/FACILITY
total $145,214 · related or exempt $145,214
-
11e · Other revenue, total
$2,216,303
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $728,042 · program services $728,042
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $13,832,449 · program services $12,376,400 · management and general $1,456,049
-
8 · Pension plan contributions
total $1,336,711 · program services $1,136,204 · management and general $200,507
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,108,403 · program services $942,143 · management and general $166,260
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $121,910 · management and general $121,910
-
11c · Fees: accounting
total $90,028 · management and general $90,028
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $56,749 · management and general $56,749
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $197,989 · program services $197,989
-
13 · Office expenses
total $191,969 · program services $181,580 · management and general $10,389
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $955,980 · program services $860,382 · management and general $95,598
-
17 · Travel
total $239,095 · program services $47,819 · management and general $191,276
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $415,494 · program services $415,494
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,362,414 · program services $3,926,173 · management and general $436,241
-
23 · Insurance
total $4,512,278 · program services $3,609,822 · management and general $902,456
-
24a · Other expenses: ATHLETICS
total $3,589,613 · program services $3,410,132 · management and general $179,481
-
24b · Other expenses: EQUIPMENT RENTAL AND MAINTENA
total $2,576,239 · program services $2,318,615 · management and general $257,624
-
24c · Other expenses: DINING ROOM SUPPLIES
total $2,165,095 · program services $2,165,095
-
24d · Other expenses: INSTRUCTIONAL EXPENSE
total $1,198,153 · program services $1,198,153
-
24e · All other expenses
total $3,204,990 · program services $2,209,866 · management and general $957,530 · fundraising $37,594
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,962,411 · end of year $1,915,530
-
2 · Savings and temporary cash investments
beginning of year $4,235,091 · end of year $1,531,685
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $277,937 · end of year $222,583
-
9 · Prepaid expenses and deferred charges
beginning of year $17,932 · end of year $117,322
-
10a · Land, buildings and equipment: cost or other basis
$83,271,176
-
10b · Land, buildings and equipment: accumulated depreciation
$40,095,476
-
10c · Land, buildings and equipment, net
beginning of year $39,889,316 · end of year $43,175,700
-
11 · Investments: publicly traded securities
beginning of year $12,048,291 · end of year $12,918,284
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $630,655 · end of year $438,255
-
17 · Accounts payable and accrued expenses
beginning of year $26,877 · end of year $499,459
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $7,330,958 · end of year $8,431,013
-
20 · Tax-exempt bond liabilities
beginning of year $7,239,320 · end of year $5,371,117
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $45,292,963 · end of year $45,846,237
-
28 · Net assets with donor restrictions
beginning of year $171,515 · end of year $171,533
Mission and programs · 2024
Mission
TO INSPIRE STUDENTS TO BECOME LEADERS WITH A PASSION FOR KNOWLEDGE, GLOBAL VISION AND INNOVATION WHILE DEVELOPING CHARACTER IN A NUTURING AND DIVERSE COMMUNITY. MONTVERDE ACADEMY IS A COEDUCATIONAL INDEPENDENT SCHOOL THAT SERVES GRADES PRE-K 3-12. OUR BOARDING PROGRAM SERVES GRADES 7-12 AND POST-GRADUATE STUDIES.AT THE HEART OF THE MONTVERDE ACADEMY EXPERIENCE IS AN ENGAGING AND CHALLENGING ACADEMIC ENVIRONMENT THAT GIVES STUDENTS THE DESIRE AND SKILLS TO ACHIEVE AT THE HIGHEST LEVEL. OUTSIDE OF THE CLASSROOM, STUDENTS DEVELOP THEIR TALENTS AND ABILITIES THROUGH INVOLVEMENT IN FINE ARTS, ATHLETICS, SCHOOL CLUBS, AND SERVICE ORGANIZATIONS. OUR STAFF MEMBERS, PARENTS, AND STUDENTS ARE PART OF A CLOSE-KNIT, DEEPLY CARING COMMUNITY. WE EMPHASIZE POSITIVE RELATIONSHIPS TO HELP BUILD SELF-ESTEEM AND CONFIDENCE IN OUR STUDENTS, AND EACH ONE OF THEM IS A VALUED COMMUNITY MEMBER. WITH ITS CULTURAL DIVERSITY, MONTVERDE ACADEMY DRAWS STUDENTS FROM AROUND THE WORLD. OUR INTERNATIONAL CHARACTER ADD
Activities or mission (Part I)
TO INSPIRE STUDENTS TO BECOME LEADERS WITH A PASSION FOR KNOWLEDGE, GLOBAL VISION AND INNOVATION WHILE DEVELOPING CHARACTER IN A NURTURING AND DIVERSE COMMUNITY.
-
MONTVERDE ACADEMY IS A COLLEGE PREPARATORY, COEDUCATIONAL INDEPENDENT SCHOOL SERVING GRADES PK 3-12. THE BOARDING PROGRAM SERVES GRADES 7-12 AND POSTGRADUATE. AT THE HEART OF THE MONTVERDE ACADEMY EXPERIENCE IS AN ENGAGING AND CHALLENGING ACADEMIC ENVIRONMENT THAT GIVES STUDENTS THE DESIRE AND SKILLS TO ACHIEVE AT THE HIGHEST LEVELS. OUTSIDE OF THE CLASSROOM, STUDENTS CONTINUE TO DEVELOP THEIR TALENTS AND ABILITIES THROUGH INVOLVMENT IN FINE ARTS, ATHLETICS, SCHOOL CLUBS, AND SERVICE ORGANIZATIONS. AVERAGE ENROLLMENT DURING THE 2024-2025 SCHOOL YEAR WAS APPROXIMATELY 1,460 STUDENTS. APPROXIMATELY 235 STUDENTS ARE HOUSED ON CAMPUS; THE REMAINING STUDENTS ARE DAY STUDENTS.
Expenses $35,723,909 · Revenue $39,573,248
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jon Hopman
Head of School
- Total calculated
- $437,244
- From this org
- $402,650
- From related orgs
- $0
- Other
- $34,594
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $369,500
- Bonus
- $1,000
- Other
- $32,150
- Deferred
- $0
- Nontaxable benefits
- $34,594
- Filer's total
- $437,244
-
Kevin Boyle
Head Basketball Coach
- Total calculated
- $298,902
- From this org
- $272,871
- From related orgs
- $0
- Other
- $26,031
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,867
- Bonus
- $35,554
- Other
- $450
- Deferred
- $0
- Nontaxable benefits
- $26,031
- Filer's total
- $298,902
-
David Rath
Dean of Enrollment Management
- Total calculated
- $271,986
- From this org
- $237,392
- From related orgs
- $0
- Other
- $34,594
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,217
- Bonus
- $13,500
- Other
- $675
- Deferred
- $0
- Nontaxable benefits
- $34,594
- Filer's total
- $271,986
-
Bradley Long
Director of Finance & operator
- Total calculated
- $203,893
- From this org
- $188,182
- From related orgs
- $0
- Other
- $15,711
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,709
- Bonus
- $12,545
- Other
- $23,928
- Deferred
- $0
- Nontaxable benefits
- $15,711
- Filer's total
- $203,893
-
David Bernatavitz
Dean of Upper School
- Total calculated
- $187,783
- From this org
- $179,045
- From related orgs
- $0
- Other
- $8,738
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,695
- Bonus
- $1,000
- Other
- $1,350
- Deferred
- $0
- Nontaxable benefits
- $8,738
- Filer's total
- $187,783
-
Jaime Oncins De Oliveira
Head Tennis Coach
- Total calculated
- $157,447
- From this org
- $137,010
- From related orgs
- $0
- Other
- $20,437
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,813
- Bonus
- $16,000
- Other
- $197
- Deferred
- $0
- Nontaxable benefits
- $20,437
- Filer's total
- $157,447
-
Meristell Shackelford
Dean of the Lower School
- Total calculated
- $149,803
- From this org
- $140,269
- From related orgs
- $0
- Other
- $9,534
- Hours/week
- 40
-
Sandra O StephensSANDRA O STEPHENS
TRUSTEE EMIRITUS
- Total calculated
- $0
- Hours/week
- 1
-
T Scott OhmstedeT SCOTT OHMSTEDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
S Renee Stephens LundyS RENEE STEPHENS LUNDY
CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 1
-
Tim J BachTIM J BACH
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Sean ParksSEAN PARKS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Gregory L NelsonGREGORY L NELSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael MasonMICHAEL MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lori SpechtLORI SPECHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jon FrereJON FRERE
TRUSTEE THRU 08/2024
- Total calculated
- $0
- Hours/week
- 1
-
Sidney A McPheeSIDNEY A MCPHEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- SCHEDULE J, PART 1, LINE 1A
- HOUSING ON THE SCHOOL CAMPUS IS PROVIDED TO CERTAIN EMPLOYEES, AS REQUIRED BY THE TERMS OF THEIR EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL,AND IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE.
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MVA CONSULTING LLC
RECRUITING · CH · assets $19,594
Directly controlled by MONTVERDE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 April 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640949349300214
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