Montclair Kimberley Academy Foundation
Montclair Kimberley Academy Foundation reported $60.5 million in revenue and $53.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.92 went to program services, $16.70 to management and general costs and $1.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.0% of the total. The highest compensation it reported for one person was $683,239 (HEAD OF SCHOOL). 57 people received more than $100,000 in reportable compensation. Revenue rose 19% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $53MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $60MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.17 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 87.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $683,239 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.28% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 57 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 28 of 29 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseMontclair Kimberley Academy operates an accredited pre-k12 educational program serving approximately 1,050 students within three campuses during the tax year. The school provides academic programs, which include core academic subjects, arts, education, technology integration, and extracurricular opportunities, that provide a vibrant and transformative education for its students. During the year, the school awarded over $6.2 million in need based financial aid to 174 students. Mka was issued a bond for $13 million during the year to implement the costs of their STEM building project to expand…
Mka's physical plant plays an important role in support of the educational process for our students and ultimately the mission of the school. The physical plant, which consists of maintenance, bus drivers, and security personnel, maintains all of the buildings on three campuses as well as four athletic fields. Typical duties include the daily maintenance and repair of all facilities and athletic equipment and fields as well as involvement in minor construction projects. The physical plant schedules and provides vehicles used to transport students to and from school on a daily basis, as well…
The organization operates a variety of student auxiliary programs designed to enhance the educational experience and support student success. These programs include after school programs, sports clubs, summer learning programs, and extracurricular programs. The auxiliary programs provide structured supervision, leadership development, and recreational programming, which are an important part of our program and mission. Other programs include transportation services and lunch programs for students which directly support our educational programs. Fees are maintained at affordable levels and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Director/trustee, officer, 65.00 hrs/week | $391,015 | $0 | $292,224 | $683,239 |
| HEAD, UPPER SCHOOL Highest compensated employee, 55.00 hrs/week | $209,899 | $0 | $240,244 | $450,143 |
| CHIEF FINANCIAL & OPERATION Officer, 65.00 hrs/week | $317,949 | $0 | $102,729 | $420,678 |
| ASSOCIATE HEAD OF SCHOOL Highest compensated employee, 55.00 hrs/week | $197,189 | $0 | $99,713 | $296,902 |
| DIRECTOR, PHYSICAL PLANT Highest compensated employee, 55.00 hrs/week | $176,655 | $0 | $115,589 | $292,244 |
| HEAD, MIDDLE CAMPUS Highest compensated employee, 55.00 hrs/week | $169,670 | $0 | $106,432 | $276,102 |
| ASST. HEAD OF SCHOOL Highest compensated employee, 55.00 hrs/week | $180,259 | $0 | $51,358 | $231,617 |
57 people received more than $100,000 in reportable compensation from Montclair Kimberley Academy Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $848K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b29 · 28 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5484
- Volunteers Part I, line 6400
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| VOITH & MACTAVISH ARCHITECTS LLP Architectural & design services | $1,203,616 |
| DINING PARTNERSHIP GROUP LLC Dinning services | $567,425 |
| MAINTENANCE MART Janitorial services | $499,004 |
| ALLIED MODULAR BUILDING SYSTEMS INC Construction services | $455,216 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Montclair Kimberley Academy Foundation totaling $133K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Montclair Kimberley Academy Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montclair Kimberley Academy Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montclair Kimberley Academy Foundation spent in FY2025, $81.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St Thomas Aquinas CollegeSparkill, NY · revenue $60M · programs 89.7% · FY2025
- The University CorporationNorthridge, CA · revenue $60M · programs 93.3% · FY2025
- University of Maine FoundationOrono, ME · revenue $60M · programs 78.2% · 2024
- Board of Governors of The Banff CentreCanada, · revenue $61M · programs 86.3% · FY2025
- Quincy University CorporationQuincy, IL · revenue $60M · programs 89.4% · FY2025
Questions people ask
How much of Montclair Kimberley Academy Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Montclair Kimberley Academy Foundation reported that 81.9% of its $53.3 million in expenses went to program services, 16.7% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Montclair Kimberley Academy Foundation pay its top executive?
The largest total compensation Montclair Kimberley Academy Foundation reported for one person in the fiscal year ending June 30, 2025 was $683,239, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montclair Kimberley Academy Foundation get its money?
Of $60.5 million in revenue in the fiscal year ending June 30, 2025, 7.0% came from contributions and grants (including 0.7% from government grants) and 87.0% from program service revenue (Form 990, Part VIII).
Is Montclair Kimberley Academy Foundation a registered charity?
The IRS lists EIN 23-7365263 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631009349301768 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500579349301755 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410459349301976 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341009349300809 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201319349304830 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349302139 · read the filing
All filings for EIN 23-7365263: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.