Mountainville Academy FY2021 filing

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To employ an educational environment that promotes both academic and personal excellence, appreciation of heritage and cultures, and a love of learning, to assist students in acquiring the confidence, knowledge, skills and character to facilitate life-long learning pursuits and achievements.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $882K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.1M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
Spent
$4.8M
To programs
84%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$5.4M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$5.4M
FY2022$6.0M
FY2023$7.3M
FY2024$7.8M
FY2025$7.5M
Expenses
$4.8M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$4.8M
FY2022$5.6M
FY2023$6.3M
FY2024$6.5M
FY2025$6.6M
Net assets
$2.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.6M
FY2023$3.7M
FY2024$5.1M
FY2025$6.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.1M Management & general 16% · $764K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Principal
$83,344Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Janice Vance’s $148K as Executive Director is at the 63rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Janice Vance$148,053$139,756$130,612——
Janese Vance———$130,519$83,344

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mountainville Academy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students to foster academic and personal growth, cultural appreciation, and lifelong learning.

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2 programs · $4.1M · in their own filed words · FY2020
01

Operation of one public charter school for students from kindergarten through grade nine.

$4.1Mprogram expense
02

To provide school lunches to students.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$5.3M
Fees for servicesLn 2g$115K
Investment incomeLn 3$19K
Money outPt IX
$4.8M
Ln 25
Programscol B$4.1M
Managementcol C$764K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$14.3M
LiabilitiesLn 26$12.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Government grantsLn 1e$5.3M
Fees for servicesLn 2g$115K
Investment incomeLn 3$19K
Other incomeLn 4–11$2K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$3.8M
Pledges and grants receivableLn 3$209K
Accounts receivableLn 4$3K
Land, buildings, equipmentLn 10c$10.3M
Total assetsLn 16$14.3M
LiabilitiesLn 26$12.1M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 5105
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$11.4M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$13.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.6M$3.8M
Land, buildings, equipmentLn 10c$10.5M$10.3M
Total assetsLn 16$14.2M$14.3M
LiabilitiesLn 26$12.2M$12.1M
Net assetsLn 32$2.0M$2.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$83K$83K
Other salaries and wagesLn 7$2.6M$2.3M$333K
Pension plan contributionsLn 8$49K$49K
Other employee benefitsLn 9$358K$358K
Payroll taxesLn 10$195K$195K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$201K$73K$128K
Advertising and promotionLn 12$253$253
Office expensesLn 13$10K$10K
Information technologyLn 14$37K$5K$32K
OccupancyLn 16$67K$51K$16K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$482K$406K$76K
Depreciation, depletion and amortizationLn 22$321K$271K$51K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$339K$214K$124K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$4.8M$4.1M$764K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 9, 2026 $7.5M$6.6M$949K$6.0M 990 PDF
FY2024Filed with the IRS Feb 17, 2025 $7.8M$6.5M$1.4M$5.1M 990 PDF
FY2023Filed with the IRS Mar 21, 2024 $7.3M$6.3M$1.1M$3.7M 990 PDF
FY2022Filed with the IRS Feb 14, 2023 $6.0M$5.6M$426K$2.6M 990 PDF
FY2021 ViewingFiled with the IRS Jan 14, 2022 $5.4M$4.8M$595K$2.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,429,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,904,966$5,293,825
I-9 Program service revenuePrior year $150,050$114,645
I-10 Investment incomePrior year $54,551$19,199
I-11 Other revenue$2,054
I-12 Total revenuePrior year $5,109,567$5,429,723
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,186,618$3,323,686
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,679,877$1,510,765
I-18 Total expensesPrior year $4,866,495$4,834,451
I-19 Revenue less expensesPrior year $243,072$595,272
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,429,723 across 7 lines filed
VIII-1e Government grants$5,259,187
VIII-1f All other contributions, gifts and grants$34,638
VIII-1h Total contributions, gifts and grants$5,293,825
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,645$114,645
VIII-3 Investment incomeRelated to mission $19,199$19,199
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,054$2,054
VIII-12 Total revenueRelated to mission $135,898$5,429,723
Part IX · Statement of functional expenses $4,834,451 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,344$83,344
IX-7 Other salaries and wagesPrograms $2,305,538 · Management $332,840$2,638,378
IX-8 Pension plan contributionsPrograms $48,907$48,907
IX-9 Other employee benefitsPrograms $358,160$358,160
IX-10 Payroll taxesPrograms $194,897$194,897
IX-11b Legal feesPrograms $5,065$5,065
IX-11c Accounting feesPrograms $14,700$14,700
IX-11g Other fees for servicesPrograms $72,744 · Management $127,789$200,533
IX-12 Advertising and promotionPrograms $253$253
IX-13 Office expensesPrograms $10,434$10,434
IX-14 Information technologyPrograms $5,001 · Management $31,646$36,647
IX-16 OccupancyPrograms $51,189 · Management $16,215$67,404
IX-17 TravelPrograms $6,386$6,386
IX-19 Conferences, conventions and meetingsPrograms $2,277$2,277
IX-20 InterestPrograms $405,587 · Management $76,148$481,735
IX-22 Depreciation, depletion and amortizationPrograms $270,514 · Management $50,788$321,302
IX-23 InsurancePrograms $20,959$20,959
IX-24 Other expenses (24a–d)Programs $214,313 · Management $124,470$338,783
IX-24e All other expensesManagement $4,287$4,287
IX-25 Total functional expensesPrograms $4,070,268 · Management $764,183 · Fundraising $0$4,834,451
Part X · Balance sheet $14,329,212 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,505,419$2,181,929
X-2 Savings and temporary cash investmentsStart of year $2,064,732$1,620,896
X-3 Pledges and grants receivable$209,424
X-4 Accounts receivableStart of year $90,093$3,025
X-10c Land, buildings and equipment, netStart of year $10,515,448$10,313,938
X-16 Total assetsStart of year $14,183,106$14,329,212
X-17 Accounts payable and accrued expensesStart of year $503,560$490,013
X-20 Tax-exempt bond liabilitiesStart of year $11,634,355$11,445,000
X-25 Other liabilities$182,132
X-26 Total liabilitiesStart of year $12,224,861$12,117,145
X-27 Net assets without donor restrictionsStart of year $1,958,245$2,212,067
X-32 Total net assets or fund balancesStart of year $1,958,245$2,212,067
X-33 Total liabilities and net assetsStart of year $14,183,106$14,329,212
Part XI · Reconciliation of net assets $2,212,067 net assets at year end
XI-1 Total revenue$5,429,723
XI-2 Total expenses$4,834,451
XI-3 Revenue less expenses$595,272
XI-4 Net assets at start of year$1,958,245
XI-9 Other changes in net assets−$341,450
XI-10 Net assets at end of year$2,212,067

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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