Montclare Association INC EIN 92-0188500

Montclare Association INC FY2020 filing

EIN  92-0188500 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers educational and cultural activities for Montclare Children's School students and parents.
Leadership
Angela Fannon · President
Money in and out
$125K revenue, $21K expenses
Bottom line
65% program efficiency

Offers educational and cultural activities for Montclare Children's School students and parents. For fiscal year 2020 it reported $125K in revenue, $21K in expenses, and $313K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $104K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs
Operating runway
178.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+83%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$125K
FY2020▼ -28%
Expenses
$21K
FY2020▼ -86%
Total assets
$319K
FY2020▲ +48%
Total liabilities
$5K
FY2020▼ -9%
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$319K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $14K of program spending, described in the organization's own filed words · FY2019.
01

The montclare association performs various fundraising events during the school year. Net proceeds are used for scholarships, holiday gifts to teachers, and other functions involving the children attending the school.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMontclare Association INC
EINHdr · item D92-0188500
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jmontclareschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Co-Chair of Programs
$0Pt VII · Sec A
Co-Chair of Programs
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$81K · 65%
Contributions & grants$44K · 35%
Other revenue65%$81K
Contributions & grants35%$44K
Total revenueLn 12$125K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$14K
Management & general35%$8K
Total functional expensesLn 25$21K

Balance Sheet

Part X · end of year
CashLn 1$319K
Total assetsLn 16$319K
Total liabilitiesLn 26$5K
Total net assetsLn 32$313K
Months of cash on handcomputed178.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $21K
178.8 months
Where the money goes
Program services
Program services $14K · Total expenses $21K
65%
Management & General
Management & general $8K · Total expenses $21K
35%
Fundraising
Fundraising $0 · Total expenses $21K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $45K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $125K
35%
Government reliance
Government grants — · Total revenue $125K
Earned-income share
Program service revenue $0 · Total revenue $125K
0%
Investment reliance
Investment income $0 · Total revenue $125K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $21K
0%
Growth & trend
Revenue growth (YoY)
This year $125K · Prior year $173K
-28%
Net-asset trend (YoY)
End of year $313K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $125K · Expenses $21K
+83%
Liabilities-to-Assets
Total liabilities — · Total assets $319K
Net-asset ratio
Net assets $313K · Total assets $319K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $319K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Fannon · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $21K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $21K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth -28%
Accounting fee ratio 27%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$28K
Grants paid · 6 grants · $605K · 2018–2024
Unitemized GrantFY2024$93,170
Unitemized GrantFY2023$120,317
Unitemized GrantFY2022$72,697
Unitemized GrantFY2021$85,030
Unitemized GrantFY2020$112,750
Unitemized GrantFY2018$120,865

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$161K revenue · ⤓ 990 PDF
FY2024$154K revenue · ⤓ 990 PDF
FY2023$158K revenue · ⤓ 990 PDF
FY2022$119K revenue · ⤓ 990 PDF
FY2021$75K revenue · ⤓ 990 PDF
FY2020$125K revenue · viewing · ⤓ 990 PDF
FY2019$173K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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