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Nonprofiteer
← MONUMENT ACADEMY FOUNDATION

Form 990 for tax year 2022

Filed by MONUMENT ACADEMY FOUNDATION.

Totals

Total revenue
$1,888,855
Total expenses
$2,219,494
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,831,609
Investment income
$57,246
Other revenue
$0
Total assets, end of year
$22,781,364
Total liabilities, end of year
$28,689,042
Net assets or fund balances, end of year
-$5,907,678
Program services expenses (Part IX)
$2,219,494
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,219,494

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.

  • 2a · Program service revenue: Lease Income

    total $1,831,609 · related or exempt $1,831,609

  • 3 · Investment income

    total $57,246 · excluded $57,246

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,570,480 · program services $1,570,480

  • 22 · Depreciation, depletion and amortization

    total $543,306 · program services $543,306

  • 24a · Other expenses: Transfer to School

    total $103,114 · program services $103,114

  • 24b · Other expenses: Other Purchased Service

    total $2,594 · program services $2,594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,751 · end of year $1,758

  • 2 · Savings and temporary cash investments

    beginning of year $1,178,937 · end of year $1,130,639

  • 10a · Land, buildings and equipment: cost or other basis

    $23,278,884

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,629,917

  • 10c · Land, buildings and equipment, net

    beginning of year $22,192,273 · end of year $21,648,967

  • 17 · Accounts payable and accrued expenses

    end of year $119,042

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,950,000 · end of year $28,570,000

  • 27 · Net assets without donor restrictions

    beginning of year -$5,577,039 · end of year -$6,921,033

  • 28 · Net assets with donor restrictions

    end of year $1,013,355

Mission and programs · 2022

Mission

See Schedule OThe Corporation is organized and shall be operated exclusively for educational and charitable purposes within the meaning of section 501 (c)(3) of the Internal Revenue Service Code, and specifically for the purpose of leasing or holding title to real and/or personal property.

Activities or mission (Part I)

The Corporation is organized and shall be operated exclusively for educational and charitable purposes within the meaning of section 501 (c)(3) of the Internal Revenue Service Code, and specifically for the purpose of leasing or holding title to real and/or personal property.

  • Provided financial support for the day to day operations of the Monument Academy.

    Expenses $2,219,494 · Revenue $1,831,609

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Dole

    President

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marc McWilliams

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Joe Buczkowski

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Melanie Strop

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2024
IRS schema version
2022v5.0
Source object
202420949349301417

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