Overview
What is St Monica Academy Inc?
St. Monica Academy Inc. is a nonprofit religious organization, established by devoted parents, whose primary purpose is to provide a classical Catholic education to around 278 students, ranging from grade one to twelve. Situated in Montrose, CA, this academy is deeply committed to nurturing students of faith. The institution's mission is to cultivate a faith-based environment, ensuring a holistic and comprehensive education for its young learners.
Official website here: www.stmonicaacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
St. Monica Academy Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's score of 88% showcases its commitment to financial transparency and responsible governance, with a full score in several categories such as independent board member composition and financial oversight. The presence of a majority of independent board members indicates strong governance practices.
One of the significant strengths noted is the high program expense ratio of 76.11%, suggesting that a substantial portion of its funding is directed towards its programs rather than administrative costs. Additionally, the absence of any material diversion of assets highlights the integrity of the organization’s financial practices. The detailed reporting and documentation, such as meeting minutes and conflict of interest policies, further support its accountability framework.
However, there are some areas for improvement, particularly in the absence of a whistleblower policy and a document retention and destruction policy. These missing elements could raise concerns about the organization's risk management and internal controls. Overall, while St. Monica Academy Inc demonstrates strong financial practices, addressing these limitations could enhance its governance and transparency even further.
This AI summary has been generated from information found on Charity Navigator.
Is St Monica Academy Inc legitimate?
St Monica Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Monica Academy Inc 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: $108,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,748,333
For more financial information, click here
Official website here: www.stmonicaacademy.com
What is the mission statement of St Monica Academy Inc?
St. Monica Academy, as a non-profit religious corporation, is committed to its mission of educating students in the faith. Founded by parents, it fulfills their primary responsibility, offering a classical Catholic education to around 278 students from grades one through twelve. The academy's primary objective is to shape these students into individuals with strong religious beliefs, providing an environment that fosters their spiritual growth.
Official website here: www.stmonicaacademy.com
Who is the CEO of St Monica Academy Inc?
Peter Grimm is the Teacher/ Dean of St Monica Academy Inc.
Official website here: www.stmonicaacademy.com
What is the revenue of St Monica Academy Inc?
St Monica Academy Inc's revenue in 2022 was $3,498,825.
Official website here: www.stmonicaacademy.com
Who are the executives of St Monica Academy Inc and what are their salaries?
The average compensation at St Monica Academy Inc during 2022 was $41,272. There are 45 employees and 143 volunteers at St Monica Academy Inc.
Here are 10 key members and their salaries:
- Compensation: $105,626
- Related: $0
- Other: $0
- Compensation: $102,079
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- Other: $0
- Compensation: $88,212
- Related: $0
- Other: $0
- Compensation: $20,700
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stmonicaacademy.com
Where can I find the form 990 for St Monica Academy Inc?
St Monica Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stmonicaacademy.com
Learn more at the official website: www.stmonicaacademy.com
Mission Statement of St Monica Academy Inc
St. Monica Academy, as a non-profit religious corporation, was established by devoted parents with the primary goal of educating their children. They founded this institution in line with their fundamental responsibility, and its mission is to shape students into individuals of faith. The academy offers a classical Catholic education, catering to the academic needs of about 278 boys and girls, ranging from the first to the twelfth grade. The academy's educational approach is deeply rooted in Catholic values and beliefs, aiming to instill a strong sense of faith in its students.
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Impact
July, 2024
St Monica Academy Inc's impact lies in providing a classical Catholic education to approximately 278 boys and girls in grades one through twelve. By emphasizing faith formation and academic excellence, the academy nurtures students to become individuals of strong character and deep faith. Through its dedication to classical education, St Monica Academy Inc equips students with a well-rounded foundation that prepares them for success both academically and spiritually. This impact extends beyond the classroom, shaping students to become contributing members of society rooted in their Catholic faith.
This information is meant to be a general summary of St Monica Academy Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$9,069
- Program Service Revenue: $1,999,022
- Gross Receipts: $3,498,825
Assets and Liabilities:
- Total Assets: $3,122,682
- Total Liabilities: $460,477
- Net Assets: $2,662,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES INCOME
Revenue
$1,917,389
EXTRA CURRICULAR INCOME
Revenue
$62,624
PROGRAM INCOME
Revenue
$19,009
Organization Details
Phone
(818) 369-7310Principal Officer
Peter Grimm
Main Address
2361 DEL MAR ROAD, MONTROSE, CA, 91020
Website
www.stmonicaacademy.comNTEE Category
Code: B24 - Education
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