MONTVERDE ACADEMY INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$36,111,004
Program Services
92%
Other
5%
Investments
2%
Fundraising Events
1%
Contributions
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$35,824,722
Salaries & Benefits
44%
Other
39%
Depreciation
12%
Offices, Occupancy & IT
4%
Interest
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$208,163
$85,121
-59%
Government Grants
$0
$0
-
Fundraising Events
$0
$512,356
-
Program Services
$31,577,762
$33,254,034
+5%
Membership Dues
$0
$0
-
Investments
$409,934
$619,606
+51%
Other
$1,270,703
$1,639,887
+29%
Total Revenues
$33,466,562
$36,111,004
+8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,530,655
$15,638,834
+8%
Fees to Service Providers
$417,337
$292,622
-30%
Advertising & Promotion
$246,365
$202,579
-18%
Offices, Occupancy & IT
$1,258,557
$1,299,215
+3%
Interest
$151,089
$305,230
+102%
Depreciation
$4,205,300
$4,280,899
+2%
Other
$13,420,512
$13,805,343
+3%
Total Expenses
$34,229,815
$35,824,722
+5%
Net income
2023
2024
Change
Net income
-$763,253
+$286,282
-138%
Functional Expenses
Summary
2023
2024
Change
Program
$30,214,524
$31,846,885
+5%
Admin
$3,971,151
$3,931,273
-1%
Fundraising
$44,140
$46,564
+5%
Total Expenses
$34,229,815
$35,824,722
+5%
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