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Nonprofiteer
← MADONNA LEARNING CENTER INCORPORATED

Form 990 for tax year 2023

Filed by MADONNA LEARNING CENTER INCORPORATED.

Totals

Total revenue
$4,124,543
Total expenses
$3,372,114
Contributions and grants received
$2,155,412
Grants paid
$0
Program service revenue
$1,325,482
Investment income
$206,485
Other revenue
$437,164
Total assets, end of year
$17,283,913
Total liabilities, end of year
$523,402
Net assets or fund balances, end of year
$16,760,511
Program services expenses (Part IX)
$2,630,638
Management and general expenses
$465,813
Fundraising expenses
$275,663
Program service expenses (Part III)
$2,630,638

Program services were 78.0% 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.

  • 1c · Fundraising events

    $380,515

  • 1f · All other contributions, gifts and grants

    $1,774,897

  • 1g · Noncash contributions included above

    $791,900

  • 2a · Program service revenue: TUITION AND SCHOOL FEE

    total $1,325,482 · related or exempt $1,325,482

  • 3 · Investment income

    total $216,475 · excluded $216,475

  • 7a · Gross sales of assets other than inventory

    securities $54,892

  • 7b · Less cost or other basis and sales expenses

    securities $48,192 · other assets $16,690

  • 7c · Gain or loss

    securities $6,700 · other assets -$16,690

  • 7d · Net gain or loss

    total -$9,990 · excluded -$9,990

  • 8a · Fundraising events: gross income

    $408,998

  • 8a · Fundraising events: contributions included on line 1c

    $380,515

  • 8b · Fundraising events: direct expenses

    $109,700

  • 8c · Net income from fundraising events

    total $299,298 · unrelated business $299,298

  • 10a · Gross sales of inventory

    $189,128

  • 10b · Cost of goods sold

    $51,262

  • 10c · Net income from sales of inventory

    total $137,866 · related or exempt $137,866

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $110,875 · program services $22,175 · management and general $44,350 · fundraising $44,350

  • 7 · Other salaries and wages

    total $2,039,320 · program services $1,644,417 · management and general $196,874 · fundraising $198,029

  • 10 · Payroll taxes

    total $157,046 · program services $120,050 · management and general $18,454 · fundraising $18,542

  • 11b · Fees: legal

    total $17,133 · management and general $17,133

  • 11c · Fees: accounting

    total $24,935 · management and general $24,935

  • 12 · Advertising and promotion

    total $26,339 · program services $26,339

  • 13 · Office expenses

    total $105,637 · program services $30,125 · management and general $75,512

  • 16 · Occupancy

    total $248,966 · program services $211,818 · management and general $24,766 · fundraising $12,382

  • 17 · Travel

    total $6,958 · program services $6,958

  • 22 · Depreciation, depletion and amortization

    total $349,573 · program services $315,587 · management and general $33,986

  • 23 · Insurance

    total $49,253 · program services $42,173 · management and general $4,720 · fundraising $2,360

  • 24a · Other expenses: DIRECT SCHOOL PROGRAM/A

    total $189,474 · program services $189,474

  • 24b · Other expenses: BAD DEBTS

    total $25,083 · management and general $25,083

  • 24c · Other expenses: LEASE EXPENSE

    total $19,233 · program services $19,233

  • 24d · Other expenses: EDUCATOR EXPENSES

    total $2,289 · program services $2,289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,622,945 · end of year $1,898,925

  • 4 · Accounts receivable

    beginning of year $95,298 · end of year $13,415

  • 8 · Inventories for sale or use

    beginning of year $6,181 · end of year $11,341

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,702 · end of year $3,573

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

    $11,723,764

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

    $3,060,430

  • 10c · Land, buildings and equipment, net

    beginning of year $8,027,714 · end of year $8,663,334

  • 11 · Investments: publicly traded securities

    beginning of year $5,262,368 · end of year $6,570,395

  • 14 · Intangible assets

    beginning of year $60,500 · end of year $60,500

  • 15 · Other assets

    beginning of year $20,486 · end of year $62,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,630 · end of year $171,473

  • 19 · Deferred revenue

    beginning of year $285,632 · end of year $339,800

  • 25 · Other liabilities

    beginning of year $20,218 · end of year $12,129

  • 27 · Net assets without donor restrictions

    beginning of year $11,018,459 · end of year $14,287,984

  • 28 · Net assets with donor restrictions

    beginning of year $4,639,255 · end of year $2,472,527

Mission and programs · 2023

Mission

MADONNA LEARNING CENTER PROVIDES A FAITH BASED EDUCATIONAL AND SOCIAL ENVIRONMENT THAT EMPOWERS CHILDREN AND ADULTS WITH SPECIAL NEEDS TO REACH THEIR FULL POTENTIAL WHILE OFFERING SUPPORT TO THEIR FAMILIES.

Activities or mission (Part I)

MADONNA LEARNING CENTER, INC. PROVIDES A FAITH BASED EDUCATIONAL AND SOCIAL ENVIRONMENT THAT EMPOWERS CHILDREN AND ADULTS WITH SPECIAL NEEDS TO REACH THEIR FULL POTENTIAL WHILE OFFERING SUPPORT TO THEIR FAMILIES.

  • MADONNA LEARNING CENTER, INC. IS A PRIVATE INDEPENDENT SCHOOL AND ADULT TRAINING CENTER FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. THE SCHOOL PROVIDES AN EDUCATIONAL SETTING WHICH INCLUDES PROGRAMMING AND SERVICES SIMILAR TO OTHER SCHOOLS. AGES RANGE FROM 4-19 IN THE SCHOOL PROGRAM. STUDENTS ADVANCE TO THE ADULT PROGRAM (MONARCH PROGRAM) AT AGE 18/19. THIS PROGRAM INCLUDES 3 CLASSES. TWO CLASSES FOCUS ON TRAINING FOR EMPLOYMENT AND INDEPENDENT LIVING. THE THIRD CLASS WORKS WITH STUDENTS FULL AND PART TIME ON SKILLS FOR SUSTAINING EMPLOYMENT, SOCIAL SKILLS AND COMMUNITY OUTREACH ACTIVITIES. STUDENTS IN THE SCHOOL PROGRAM RECEIVE LANGUAGE AND OCCUPATIONAL THERAPY SERVICES. ADULTS RECEIVE CONSULTATION THERAPY AS NEEDED FOR EMPLOYMENT AND INDEPENDENT LIVING. ALL STUDENTS AND ADULTS PARTICIPATE IN SPECIALTY CLASSES SUCH AS ART, MUSIC, DANCE, PHYSICAL EDUCATION, AND FITNESS.THE GOAL OF THE SCHOOL IS TO PREPARE OUR STUDENTS TO BE AS INDEPENDENT AS POSSIBLE WHEN THEY ENTER THEIR ADULT LIFE. WE ARE A SINGLE PROGRAM WITH MULTIPLE EDUCATIONAL EXPERIENCES TO MEET OUR MISSION. WE ENROLL APPROXIMATELY 90-95 STUDENTS AND ADULTS ANNUALLY.

    Expenses $2,515,379 · Revenue $1,325,482

  • MONARCH VENTURES, LLC DOING BUSINESS AS BLUFF CITY TOFFEE, OWNED AND OPERATED BY MADONNA LEARNING CENTER, INC. PROVIDES REAL-LIFE EXPERIENCES OF MANAGING AND OPERATING A BUSINESS THAT PRODUCES THE PRODUCT IT SELLS. INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND SPECIAL NEEDS ARE EMPOWERED BY MANAGING THE CONFECTIONERY WHILE EXPERIENCING VOCATIONAL OPPORTUNITIES IN TODAY'S WORLD.

    Expenses $115,259 · Revenue $137,866

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara Daush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanna Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Williamson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Dickey

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • John Bobango

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Haase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mike Glenn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Mattingly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mike Neel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Frank Muscari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Billy Posey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jo-Ann Gilbert

    EXEC. DIRECTOR

    Total calculated
    $115,535
    From this org
    $115,484
    From related orgs
    $0
    Other
    $51
    Hours/week
    40

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.

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.

  • MONARCH VENTURES LLC

    PROVIDE REAL-LIFE BUSINESS EXPERIENCES TO THE ORGANIZATIONS STUDENTS/ALUMNI · TN · income $189,088 · assets $145,552

    Directly controlled by MADONNA LEARNING CENTER INCORPORATED

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349315552

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