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Montfort Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134037507 ✦ Mount vernon, NY ✦ Designated as a 501(c)(3)

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Overview

What is Montfort Academy?

Montfort Academy is a nonprofit, college-preparatory school located in Mount Vernon, New York. Established with a spiritual and intellectual foundation grounded in Roman Catholic teachings, its mission is to inspire students to seek wisdom, practice virtue, and maintain their faith. The academy has consistently demonstrated exceptional achievements, boasting a 100% four-year college acceptance rate since its inception. Furthermore, 90% of its students earn honors recognition on the National Latin Exam. Montfort Academy offers a unique study abroad program, taking students to explore 30 archaeological sites during their Italian study trip. The school also prides itself on a high retention rate, with 97% of students returning year after year. The academy's devoted team of 23 employees serves to uphold and foster its values.


Official website here: www.themontfortacademy.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Montfort Academy has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With an overall score of 66%, the organization demonstrates strong governance through a fully independent board, which is a positive aspect. They have established essential policies like conflict of interest and whistleblower protections, and they maintain proper documentation of board meeting minutes.

However, significant shortcomings in financial transparency are evident, particularly the absence of financial statements, which has severely impacted their score. The organization also shows high liabilities compared to assets, raising concerns about financial stability. Despite a healthy program expense ratio, the lack of available financial data limits stakeholders' ability to fully assess the nonprofit's effectiveness and sustainability.

Overall, while Montfort Academy shows commitment to good governance practices, the deficiencies in financial reporting and transparency highlight areas for improvement that the organization should address to enhance its accountability and ultimately, its rating.


This AI summary has been generated from information found on Charity Navigator.

Is Montfort Academy legitimate?

Montfort Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montfort Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $278,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,050,231

For more financial information, click here


Official website here: www.themontfortacademy.com

What is the mission statement of Montfort Academy?

Montfort Academy, a classical college-preparatory school, is rooted in the spiritual and intellectual teachings of the Roman Catholic Church. Its mission is to guide each student in their pursuit of wisdom, practicing virtue, and maintaining faith. The school fosters an environment that encourages academic excellence, as evidenced by its 100% four-year college acceptance rate every year since its inception, and 90% of students earning honors recognition on the National Latin Exam. Montfort Academy also offers enriching experiences, such as the Study Abroad Program, which allowed students to explore 30 archaeological sites during their trip to Italy. Furthermore, the school boasts a high retention rate, with 97% of students returning year over year.


Official website here: www.themontfortacademy.com

Who is the CEO of Montfort Academy?

Richard Greco is the President of Montfort Academy.


Official website here: www.themontfortacademy.com

What is the revenue of Montfort Academy?

Montfort Academy's revenue in 2022 was $1,987,388.


Official website here: www.themontfortacademy.com

Who are the executives of Montfort Academy and what are their salaries?

The average compensation at Montfort Academy during 2022 was $57,782. There are 23 employees at Montfort Academy.


Here are 7 key members and their salaries:


Richard Greco (President)
  • Compensation: $278,750
  • Related: $0
  • Other: $0
Thomas D Lehrman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Schenk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Macias (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincenzo Laruffa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fulvio Pagnozzi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Chirico (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.themontfortacademy.com

Where can I find the form 990 for Montfort Academy?

Montfort Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.themontfortacademy.com

Learn more at the official website: www.themontfortacademy.com

Mission Statement of Montfort Academy

Montfort Academy, a classical college-preparatory school, is deeply rooted in the spiritual and intellectual teachings of the Roman Catholic Church. Its mission is to guide each student towards seeking wisdom, practicing virtue, and maintaining faith. The institution encourages its students to strive for wisdom, fostering an environment that promotes intellectual growth and spiritual development. This mission is not just a set of principles, but a driving force that shapes the educational experience at Montfort Academy.

The school's mission is evident in its achievements and the positive impact it has on its students. Montfort Academy boasts a 100% four-year college acceptance rate every year since its inception, demonstrating its commitment to preparing students for higher education. Moreover, the school's students consistently excel in academic pursuits, with 90% earning honors recognition on the National Latin Exam. These achievements reflect Montfort Academy's dedication to fostering intellectual curiosity and academic excellence in its students.

Beyond academics, Montfort Academy also offers enriching experiences, such as its study abroad program. In the Study in Italy program, students visited 30 archaeological sites, providing them with a unique and immersive educational experience. The school's commitment to holistic education extends to student retention, with a 97% year-over-year student retention rate, indicating a strong bond between the school and its students.

In summary, Montfort Academy's mission is to provide a comprehensive education that fosters intellectual growth, spiritual development, and the pursuit of wisdom and virtue. Through its achievements and programs, the school effectively embodies this mission, creating a nurturing environment that prepares its students for success in higher education and beyond.

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Impact




October, 2024

Montfort Academy is a classical college-preparatory school that significantly impacts its students and the community by integrating the spiritual and intellectual teachings of the Roman Catholic Church into its curriculum. With a remarkable 100% four-year college acceptance rate since its inception, the academy fosters an environment that prepares students for academic success and future endeavors.

The school promotes academic excellence, as evidenced by the fact that 90% of its students earn honors recognition on the National Latin Exam. This achievement highlights the rigorous and enriching educational experience that Montfort Academy provides. Additionally, the academy offers exceptional opportunities for cultural and historical enrichment through its study abroad program, which has engaged students in visiting 30 archaeological sites in Italy.

Montfort Academy's commitment to student success is reflected in its impressive 97% year-over-year retention rate, indicating that students value their educational experience and are motivated to continue their journey within this community. The academy's mission to guide each student in seeking wisdom, practicing virtue, and maintaining faith ensures that graduates not only excel academically but also develop into well-rounded individuals prepared to make meaningful contributions to society.




This information is meant to be a general summary of Montfort Academy. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,987,388 (2022)
Expenses
$2,061,569 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Program Service Revenue: $1,683,582
  • Gross Receipts: $2,119,373

Assets and Liabilities:

  • Total Assets: $2,189,618
  • Total Liabilities: $1,893,635
  • Net Assets: $295,983

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION - NET OF SCHOL

Revenue

$1,135,096

STUDENT ACTIVITY FEES

Revenue

$311,841

NYS - MANDATED CLAIMS

Revenue

$156,478

OTHER INCOME

Revenue

$80,167

Organization Details

Founding Year

2000

Principal Officer

Richard Greco

Main Address

125 E BIRCH ST, MOUNT VERNON, NY, 10552

NTEE Category

Code: B250 - Education

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