Mount Vernon Academy

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We are a small private school that allows students from around the world and locally a chance to receive a valuable education with small class sizes from an accredited school. Almost all of of our student body will ultimately graduate from Mount Vernon and go on to college.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$112K 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

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $39K a year · 4% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
-14% vs prior year
Spent
$1.1M
To programs
100%
Net assets
$283K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$528K
FY2021$532K
FY2022$815K
FY2023$863K
FY2024$1.4M
FY2025$1.2M
Expenses
$1.1M
FY2025▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$511K
FY2021$570K
FY2022$715K
FY2023$833K
FY2024$1.3M
FY2025$1.1M
Net assets
$283K
FY2025▲ +51%
Tap a bar for its year
Net assets by fiscal year
FY2020$19K
FY2021$29K
FY2022$128K
FY2023$158K
FY2024$187K
FY2025$283K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1982.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $112K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$68,000Pt VII · Sec A
$29,862Pt VII · Sec A
$14,500Pt VII · Sec A
$0Pt VII · Sec A

Mike Lambson’s $68K as President is at the 13th percentile of top reported officer pay among 3395 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mike Lambson$68,000$71,000$87,000$84,000$76,000$68,000
Shannon Lambson$29,862—————
Britney Lambson$14,500—————
Ryan Lambson—$1,496$12,067———

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 Mount Vernon 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates approximately 120 diverse students from 15 countries in a culturally rich environment.

Questions for Mount Vernon Academy

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Your first name shows with your question. Mount Vernon Academy answers here, for everyone.

1 program · $1.1M · in their own filed words · FY2025
01

Mount Vernon Academy has served the world for the past 51 years providing an amazing place to gather, be educated, and share common goals. We serve students from Utah and various countries from around the world.

$1.1Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$283K
net assets · Ln 32
Cash and savingsLn 1–2$283K
Total assetsLn 16$283K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$283K
Cash and savings togetherLn 1–2$283K
Total assetsLn 16$283K
LiabilitiesLn 26$0
Net assetsLn 32$283K
OperationsPt I, VI
EmployeesI 523
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$187K$283K
InvestmentsLn 11–13$0$0
Total assetsLn 16$187K$283K
LiabilitiesLn 26$0$0
Net assetsLn 32$187K$283K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$112K$112K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$292K$292K
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$31K$31K
Management feesLn 11a$311K$311K
Advertising and promotionLn 12$8K$8K
OccupancyLn 16$119K$119K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$167K$167K$0$0
All other expensesLn 24e$36K$36K
Total functional expensesLn 25$1.1M$1.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 14, 2026 $1.2M$1.1M$95K$283K 990 PDF
FY2024Filed with the IRS May 15, 2025 $1.4M$1.3M$29K$187K 990 PDF
FY2023Filed with the IRS May 7, 2024 $863K$833K$30K$158K 990 PDF
FY2022Filed with the IRS May 9, 2023 $815K$715K$99K$128K 990 PDF
FY2021Filed with the IRS May 13, 2022 $532K$570K−$38K$29K 990 PDF
FY2020Filed with the IRS May 16, 2021 $528K$511K$16K$19K 990 PDF

Schedules filed Part IV

A · Public support E · Schools O · Explanations
See the full FY2025 990
Part I · Summary $1,175,831 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,361,563$1,175,831
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,361,563$1,175,831
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $390,892$434,785
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $941,391$645,624
I-18 Total expensesPrior year $1,332,283$1,080,409
I-19 Revenue less expensesPrior year $29,280$95,422
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,175,831 across 10 lines filed
Lines not itemized here account for $1,175,831 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,175,831 · Unrelated business $0 · Excluded from tax $0$1,175,831
Part IX · Statement of functional expenses $1,080,409 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $112,362$112,362
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $291,526$291,526
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $30,897$30,897
IX-11a Management feesPrograms $310,594$310,594
IX-12 Advertising and promotionPrograms $8,060$8,060
IX-16 OccupancyPrograms $119,251$119,251
IX-23 InsurancePrograms $4,572$4,572
IX-24 Other expenses (24a–d)Programs $167,270 · Management $0 · Fundraising $0$167,270
IX-24e All other expensesPrograms $35,877$35,877
IX-25 Total functional expensesPrograms $1,080,409 · Management $0 · Fundraising $0$1,080,409
Part X · Balance sheet $282,858 assets, 29 lines filed
X-1 Cash, non-interest-bearingStart of year $187,436$282,858
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $187,436$282,858
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $187,436$282,858
X-32 Total net assets or fund balancesStart of year $187,436$282,858
X-33 Total liabilities and net assetsStart of year $187,436$282,858
Part XI · Reconciliation of net assets $282,858 net assets at year end
XI-1 Total revenue$1,175,831
XI-2 Total expenses$1,080,409
XI-3 Revenue less expenses$95,422
XI-4 Net assets at start of year$187,436
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$282,858

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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