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← MOTHER CAROLINE ACADEMY AND EDUCATION CENTER

Form 990 for tax year 2024

Filed by MOTHER CAROLINE ACADEMY AND EDUCATION CENTER.

Totals

Total revenue
$2,709,329
Total expenses
$2,933,276
Contributions and grants received
$2,186,625
Grants paid
$0
Program service revenue
$26,805
Investment income
$516,374
Other revenue
-$20,475
Total assets, end of year
$14,775,422
Total liabilities, end of year
$173,024
Net assets or fund balances, end of year
$14,602,398
Program services expenses (Part IX)
$1,957,796
Management and general expenses
$533,506
Fundraising expenses
$441,974
Program service expenses (Part III)
$1,957,796

Program services were 66.7% 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

    $413,209

  • 1e · Government grants (contributions)

    $410,552

  • 1f · All other contributions, gifts and grants

    $1,362,864

  • 2a · Program service revenue: ACTIVITY & REG. FEES

    total $26,805 · related or exempt $26,805

  • 3 · Investment income

    total $380,163 · excluded $380,163

  • 7a · Gross sales of assets other than inventory

    securities $136,211

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

    securities $0

  • 7c · Gain or loss

    securities $136,211

  • 7d · Net gain or loss

    total $136,211 · excluded $136,211

  • 8a · Fundraising events: gross income

    $0

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

    $413,209

  • 8b · Fundraising events: direct expenses

    $20,477

  • 8c · Net income from fundraising events

    total -$20,477 · excluded -$20,477

  • 11a · Other revenue: OTHER INCOME

    total $2 · related or exempt $2

  • 11e · Other revenue, total

    $2

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $190,000 · program services $38,000 · management and general $57,000 · fundraising $95,000

  • 7 · Other salaries and wages

    total $1,226,631 · program services $816,051 · management and general $181,002 · fundraising $229,578

  • 8 · Pension plan contributions

    total $16,360 · program services $884 · management and general $11,476 · fundraising $4,000

  • 9 · Other employee benefits

    total $95,117 · program services $63,704 · management and general $13,921 · fundraising $17,492

  • 10 · Payroll taxes

    total $128,969 · program services $76,436 · management and general $22,224 · fundraising $30,309

  • 11c · Fees: accounting

    total $84,338 · management and general $84,338

  • 11f · Fees: investment management

    total $50,000 · management and general $50,000

  • 11g · Fees: other

    total $357,752 · program services $331,764 · management and general $13,536 · fundraising $12,452

  • 13 · Office expenses

    total $38,777 · program services $21,356 · management and general $6,829 · fundraising $10,592

  • 14 · Information technology

    total $174,119 · program services $141,004 · management and general $13,787 · fundraising $19,328

  • 16 · Occupancy

    total $271,308 · program services $245,706 · management and general $16,099 · fundraising $9,503

  • 17 · Travel

    total $8,118 · program services $1,472 · management and general $6,310 · fundraising $336

  • 19 · Conferences, conventions and meetings

    total $20,411 · program services $16,144 · management and general $3,074 · fundraising $1,193

  • 20 · Interest

    total $653 · program services $429 · management and general $108 · fundraising $116

  • 22 · Depreciation, depletion and amortization

    total $79,727 · program services $72,153 · management and general $4,784 · fundraising $2,790

  • 23 · Insurance

    total $51,922 · program services $32,474 · management and general $10,777 · fundraising $8,671

  • 24a · Other expenses: SCHOOL ACTIVITIES

    total $99,144 · program services $97,960 · management and general $570 · fundraising $614

  • 24b · Other expenses: MISCELLANEOUS

    total $39,930 · program services $2,259 · management and general $37,671

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,116 · end of year $131,605

  • 2 · Savings and temporary cash investments

    beginning of year $528,979 · end of year $591,335

  • 3 · Pledges and grants receivable

    beginning of year $185,638 · end of year $83,000

  • 4 · Accounts receivable

    beginning of year $1,643 · end of year $11,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,488 · end of year $44,810

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

    $7,550,904

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

    $6,755,695

  • 10c · Land, buildings and equipment, net

    beginning of year $742,383 · end of year $795,209

  • 12 · Investments: other securities

    beginning of year $12,590,840 · end of year $13,117,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $223,526 · end of year $164,708

  • 23 · Secured mortgages and notes payable

    beginning of year $16,964 · end of year $8,316

  • 27 · Net assets without donor restrictions

    beginning of year $3,518,771 · end of year $3,523,143

  • 28 · Net assets with donor restrictions

    beginning of year $10,399,826 · end of year $11,079,255

Mission and programs · 2024

Mission

THE MISSION OF THE SCHOOL IS TO PROVIDE A QUALITY EDUCATION THAT DEVELOPS THE POTENTIAL OF EACH STUDENT AND PREPARES HER TO SUCCEED IN COMPETITIVE SECONDARY SCHOOLS. WE BELIEVE OUR MISSION CAN BEST BE *REFER TO SCHEDULE O, PAGE 46 FOR CONTINUATION*ACHIEVED BY FOCUSING HOLISTICALLY ON THE NEEDS OF OUR STUDENTS AND THEIR FAMILIES, AND BY PRESERVING A SPIRIT OF VOLUNTEERISM AND COMMITMENT AMONG ALL WHO AID AND SUPPORT AND BENEFIT FROM OUR MISSION.

Activities or mission (Part I)

*REFER TO SCHEDULE O, PAGE 46MOTHER CAROLINE ACADEMY AND EDUCATION CENTER NURTURES, INSPIRES AND EMPOWERS STUDENTS AND FAMILIES TO ACHIEVE SUCCESS THROUGH EDUCATION.

  • THE ACADEMY IS A TUITION FREE SCHOOL (GRADE 3-8) SERVING 74 GIRLS FROM ECONOMICALLY DISADVANTAGED FAMILIES. WE SEEK TO DEVELOP YOUNG WOMEN WITH A STRONG SENSE OF SELF-CONFIDENCE AND ESTEEM FOR THEMSELVES AND OTHERS AND INSTILL LEADERSHIP QUALITIES WHICH WILL ENABLE THEM LATER IN LIFE TO SERVE THE NEEDS OF THEIR BROADER COMMUNITIES. DURING THE MANDATORY AFTER-SCHOOL PROGRAM, STUDENTS ENGAGE IN A VARIETY OF ACTIVITIES SUCH AS SPORTS, ART, AND COOKING. THE EVENING STUDY PROGRAM HELPS STUDENTS COMPLETE HOMEWORK ASSIGNMENTS AND/OR PROVIDES TUTORING. GRADUATE SUPPORT IS PROVIDED. 100% OF OUR GIRLS GRADUATE FROM HIGH SCHOOL AND 95% GRADUATE FROM COLLEGE.

    Expenses $1,957,796 · Revenue $26,807

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Essence Lee Souffrant

    CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Matthew Engler

    TREASURER, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Randi Ingerman

    CLERK, TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Miriam Alves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shamikhah Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Laurie Bevier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Tom Burke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Linda Chaves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Annya Haughton-Washburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Raina Jacques

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Regine Michelle Jean-Charles PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Izabela Leahy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ellen Segal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Meg Tallon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sr Frances Butler

    TRUSTEE, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Fr Gerald Osterman

    TRUSTEE, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Marie Louise Greenidge

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $174,995
    From this org
    $171,372
    From related orgs
    $0
    Other
    $3,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,372
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,623
    Filer's total
    $174,995

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

  • 3 · Compensation committee
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349305011

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