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Mount Vernon Academy

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

EIN: 870343022 ✦ Murray, UT ✦ Designated as a 501(c)(3)

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Overview

What is Mount Vernon Academy?

Mount Vernon Academy is a distinguished nonprofit institution, with a rich history of 47 years, located in Murray, Utah. The academy has a unique mission to provide an enriching environment for students hailing from Utah and various international backgrounds. With a strong commitment to diversity and cultural exchange, Mount Vernon Academy fosters an atmosphere that values and respects every student. The dedicated team of teachers works tirelessly, teaching for 7 hours a day and 180 days a year, to ensure each student feels valued and important. The school, home to approximately 100 students from 10 different countries, offers a distinctive educational experience, equipping its students with the necessary skills to proceed to higher education.


Official website here: www.mountvernonacademy.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54% (One-Star out of Four Star rating)

Mount Vernon Academy has received a low score of 54%, translating to a One-Star rating on Charity Navigator. This rating indicates significant concerns regarding the organization's accountability and financial transparency. Specifically, the lack of independent board members and missing key policies such as conflict of interest, whistleblower, and document retention policies raises red flags about governance practices.

Despite these deficiencies, the organization does exhibit some strengths, particularly in its financial management and program spending. With a program expense ratio of 81.25%, it appears that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated no material diversion of assets, maintaining a solid liability to assets ratio of 0.00%.

However, the absence of essential financial statements and the failure to publish its tax form on its website limit the transparency of its operations. Stakeholders and potential donors should consider these factors when evaluating the overall effectiveness and integrity of Mount Vernon Academy.


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

Is Mount Vernon Academy legitimate?

Mount Vernon Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Vernon 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: $84,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $169,495

For more financial information, click here


Official website here: www.mountvernonacademy.com

What is the mission statement of Mount Vernon Academy?

Mount Vernon Academy, a private institution with around 100 students, serves as a haven for a diverse student body hailing from 10 different countries worldwide. The academy's mission is to provide these students with a valuable education, featuring small class sizes from an accredited school. Nearly all of its students successfully graduate and proceed to higher education. The academy, which has been in operation for 47 years, prides itself on its ability to create an environment that values and caters to students from such a culturally rich background. The teachers at Mount Vernon Academy work diligently, dedicating seven hours per day and 180 days annually to ensure each student feels appreciated and valued.


Official website here: www.mountvernonacademy.com

Who is the CEO of Mount Vernon Academy?

Mike Lambson is the President of Mount Vernon Academy.


Official website here: www.mountvernonacademy.com

What is the revenue of Mount Vernon Academy?

Mount Vernon Academy's revenue in 2022 was $814,713.


Official website here: www.mountvernonacademy.com

Who are the executives of Mount Vernon Academy and what are their salaries?

The average compensation at Mount Vernon Academy during 2022 was $16,900. There are 15 employees at Mount Vernon Academy.


Here are 4 key members and their salaries:


Mike Lambson (President)
  • Compensation: $84,000
  • Related: $0
  • Other: $0
Britney Lambson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Lambson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Lambson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mountvernonacademy.com

Where can I find the form 990 for Mount Vernon Academy?

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


Official website here: www.mountvernonacademy.com

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

Mission Statement of Mount Vernon Academy

Mount Vernon Academy, a private institution with around 100 students, serves as a beacon of opportunity for a diverse group of learners hailing from 10 different countries worldwide. As a small, yet esteemed educational establishment, Mount Vernon Academy's mission lies in offering its students an exceptional education within a nurturing environment, characterized by small class sizes. This accredited school is committed to ensuring that almost all of its students successfully graduate and proceed to further their education in colleges.

Mount Vernon Academy has been a cornerstone of education for 47 years, fostering a global community where students from various cultural backgrounds come together to share, learn, and grow. The school's dedicated faculty and staff work tirelessly, investing 7 hours a day and 180 days annually, to ensure that every student feels valued and important. The institution's primary achievement lies in providing a platform for students to receive a quality education, enriched by the diverse perspectives and experiences that make up its student body.

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Impact




July, 2024

Mount Vernon Academy impact can be seen in the diverse and culturally rich environment it provides for its students. With a student body representing 10 different countries, the academy offers a unique opportunity for students to learn and grow together. The small class sizes and dedicated teachers work towards making every student feel valued and important, ultimately preparing them for college and beyond. This inclusive and nurturing educational environment sets Mount Vernon Academy apart and helps students from diverse backgrounds achieve academic success and personal growth.




This information is meant to be a general summary of Mount Vernon 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
$814,713 (2022)
Expenses
$715,339 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $814,213
  • Gross Receipts: $814,713

Assets and Liabilities:

  • Total Assets: $127,939
  • Total Liabilities: $0
  • Net Assets: $127,939

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Programs

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

Tuition, Fees, and Program Income

Revenue

$814,213

Organization Details

Founding Year

1975

Principal Officer

Mike Lambson

Main Address

240 East 5600 South, Murray, UT, 84107

NTEE Category

Code: B21Z - Education

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