Totals
- Total revenue
- $12,637,060
- Total expenses
- $13,797,390
- Contributions and grants received
- $905,695
- Grants paid
- $843,254
- Program service revenue
- $11,651,412
- Investment income
- $282
- Other revenue
- $79,671
- Total assets, end of year
- $20,433,738
- Total liabilities, end of year
- $11,895,666
- Net assets or fund balances, end of year
- $8,538,072
- Program services expenses (Part IX)
- $11,584,152
- Management and general expenses
- $1,932,996
- Fundraising expenses
- $280,242
- Program service expenses (Part III)
- $11,584,152
Program services were 84.0% 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
$905,695
-
1g · Noncash contributions included above
$212,527
-
2a · Program service revenue: TUITION & FEES
total $10,726,376 · related or exempt $10,726,376
-
2b · Program service revenue: AUXILLIARY SERVICES
total $512,654 · related or exempt $512,654
-
2c · Program service revenue: ATHLETIC REVENUE
total $278,833 · related or exempt $278,833
-
2d · Program service revenue: CAMPS & OTHER PROGRAMS
total $133,549 · related or exempt $133,549
-
3 · Investment income
total $282 · excluded $282
-
11a · Other revenue: MISCELLANEOUS
total $79,671 · excluded $79,671
-
11e · Other revenue, total
$79,671
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $843,254 · program services $843,254
-
5 · Compensation of officers, directors and key employees
total $357,367 · program services $132,226 · management and general $178,683 · fundraising $46,458
-
7 · Other salaries and wages
total $5,810,554 · program services $5,241,890 · management and general $454,844 · fundraising $113,820
-
8 · Pension plan contributions
total $310,116 · program services $270,254 · management and general $31,848 · fundraising $8,014
-
9 · Other employee benefits
total $707,803 · program services $593,692 · management and general $108,375 · fundraising $5,736
-
10 · Payroll taxes
total $430,441 · program services $379,151 · management and general $40,939 · fundraising $10,351
-
11c · Fees: accounting
total $48,510 · management and general $48,510
-
12 · Advertising and promotion
total $119,246 · program services $2,977 · management and general $99,318 · fundraising $16,951
-
13 · Office expenses
total $134,038 · program services $45,715 · management and general $86,504 · fundraising $1,819
-
16 · Occupancy
total $954,086 · program services $881,480 · management and general $72,606
-
19 · Conferences, conventions and meetings
total $26,058 · management and general $26,058
-
20 · Interest
total $497,947 · management and general $497,947
-
22 · Depreciation, depletion and amortization
total $936,052 · program services $855,914 · management and general $80,138
-
23 · Insurance
total $126,772 · program services $53,352 · management and general $73,420
-
24a · Other expenses: AUXILIARY SERVICES
total $894,555 · program services $894,555
-
24b · Other expenses: DEPARTMENT EXPENSES
total $599,783 · program services $599,783
-
24c · Other expenses: ATHLETIC EXPENSE
total $343,534 · program services $343,534
-
24d · Other expenses: FACULTY RECRUITMENT
total $165,935 · program services $165,935
-
24e · All other expenses
total $491,339 · program services $280,440 · management and general $133,806 · fundraising $77,093
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,383,108 · end of year $695,618
-
2 · Savings and temporary cash investments
beginning of year $200,000 · end of year $200,000
-
3 · Pledges and grants receivable
beginning of year $272,361 · end of year $273,865
-
4 · Accounts receivable
beginning of year $871,938 · end of year $711,180
-
8 · Inventories for sale or use
beginning of year $56,990 · end of year $50,168
-
9 · Prepaid expenses and deferred charges
beginning of year $132,482 · end of year $171,143
-
10a · Land, buildings and equipment: cost or other basis
$44,433,076
-
10b · Land, buildings and equipment: accumulated depreciation
$26,273,405
-
10c · Land, buildings and equipment, net
beginning of year $17,295,707 · end of year $18,159,671
-
15 · Other assets
beginning of year $205,817 · end of year $172,093
-
17 · Accounts payable and accrued expenses
beginning of year $1,140,284 · end of year $1,019,159
-
19 · Deferred revenue
beginning of year $3,449,900 · end of year $3,356,759
-
20 · Tax-exempt bond liabilities
beginning of year $6,925,152 · end of year $6,609,448
-
25 · Other liabilities
beginning of year $204,665 · end of year $910,300
-
27 · Net assets without donor restrictions
beginning of year $8,921,298 · end of year $7,485,813
-
28 · Net assets with donor restrictions
beginning of year $777,104 · end of year $1,052,259
Mission and programs · 2023
Mission
THE MONTGOMERY ACADEMY DEVELOPS LEADERS COMMITTED TO HONOR, SCHOLARSHIP, SERVICE AND THE PURSUIT OF EXCELLENCE.
Activities or mission (Part I)
COLLEGE PREPATORY SCHOOL KINDERGARTEN THROUGH GRADE 12.
-
COLLEGE PREPARATORY SCHOOL, KINDERGARTEN THROUGH GRADE 12
Expenses $11,584,152 · Grants $843,254 · Revenue $11,651,412
As filed on the 2023 return.
Listed in Part VII
-
Alex CarothersALEX CAROTHERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Courtney WilliamsCOURTNEY WILLIAMS
TRUSTEE - SECRETARY-TREASU
- Total calculated
- $0
- Hours/week
- 1
-
Delecia McIntyreDELECIA MCINTYRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian GaryBRIAN GARY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Blake HorneBLAKE HORNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Owen AronovOWEN ARONOV
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter SelmanPETER SELMAN
TRUSTEE - VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ashley McDanielASHLEY MCDANIEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve DavidsonSTEVE DAVIDSON
TRUSTEE - PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Wade SegrestWADE SEGREST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Millie HoustonMILLIE HOUSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rodney SmithRODNEY SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lynn BeshearLYNN BESHEAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen DeesSTEPHEN DEES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pamela TuckPAMELA TUCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jo MooreJO MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Johnny Raines IIIJOHNNY RAINES III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Phelps ReidPHELPS REID
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Louisa Tolentino-ProsserLOUISA TOLENTINO-PROSSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William Crum IIIWILLIAM CRUM III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom HughesTOM HUGHES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Estee MorrisonESTEE MORRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Emily WhoottenEMILY WHOOTTEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John McWilliamsJOHN MCWILLIAMS
HEAD OF SCHOOL
- Total calculated
- $231,878
- From this org
- $211,290
- From related orgs
- $0
- Other
- $20,588
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,290
- Bonus
- $0
- Other
- $0
- Deferred
- $15,750
- Nontaxable benefits
- $4,838
- Filer's total
- $231,878
-
Derek DuboseDEREK DUBOSE
CHIEF FINANCIAL OFFICER
- Total calculated
- $93,690
- From this org
- $81,707
- From related orgs
- $0
- Other
- $11,983
- 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. 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
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.
-
THE MONTGOMERY ACADEMY FOUNDATION
501(C)3 · TO SUPPORT THE EDUCATIONAL PURPOSE OF THE MONTGOMERY ACADEMY · AL
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.
-
SES LAND HOLDINGS LLC
HOLDING COMPANY · AL · assets $276,588
Directly controlled by THE MONTGOMERY ACADEMY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531329349303133
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