Nonprofit · EIN 01-0545125
MONMOUTH ACADEMY TRUSTEES OF
Tax-exempt · FALMOUTH, ME 04105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | -$12,124 | $94,656 | -$106,780 | $2,144,411 | $0 | $2,144,411 |
| February 29, 2024 | 990 | $33,547 | $46,846 | -$13,299 | $2,057,400 | $0 | $2,057,400 |
| February 28, 2023 | 990 | $60,984 | $73,020 | -$12,036 | $1,903,486 | $0 | $1,903,486 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $8,000
- Program service revenue
- $0
- Investment income
- -$20,124
- Net gain from sales of assets
- -$89,834
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $66,965
- Compensation of officers, directors and key employees
- $500
- Salaries, compensation and benefits (total)
- $500
- Professional fundraising fees
- $0
- Accounting fees
- $7,480
- Program services (functional)
- $66,965
- Management and general (functional)
- $27,691
Balance sheet and other
- Total assets, start of year
- $2,057,400
- Total assets, end of year
- $2,144,411
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,144,411
- Publicly traded securities
- $2,138,115
- Net assets without donor restrictions
- $55,905
- Net assets with donor restrictions
- $2,088,506
- Gross receipts
- $1,460,255
- Employees
- 0
- Volunteers
- 19
- Year formed
- 1803
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE PALLESCHI | TREASURER Trustee or director, Officer | 1 | $500 |
| DAVID WALKER | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| HUGH LEMASTER | VICE PRESIDE Trustee or director, Officer | 0.1 | $0 |
| KRISTIN SANBORN | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| LEANNE BURNHAM | TRUSTEE Trustee or director | 0.1 | $0 |
| MICHAEL DAY | TRUSTEE Trustee or director | 0.1 | $0 |
| BILL FAIRCHILD | TRUSTEE Trustee or director | 0.1 | $0 |
| LAURI FROST | TRUSTEE Trustee or director | 0.1 | $0 |
| RYAN FROST | TRUSTEE Trustee or director | 0.1 | $0 |
| TRUDY PALLESCHI | TRUSTEE Trustee or director | 0.1 | $0 |
| PATRICIA PRATTE | TRUSTEE Trustee or director | 0.1 | $0 |
| JULIE SAWTELLE | TRUSTEE Trustee or director | 0.1 | $0 |
| BRETT WITHERELL | TRUSTEE Trustee or director | 0.1 | $0 |
| CHAD WRIGHT | TRUSTEE Trustee or director | 0.1 | $0 |
| JULIE WRIGHT | TRUSTEE Trustee or director | 0.1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR LARRY BUGGIA | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| GERALD HAM | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| DAVID HECKMAN | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| RONALD MOODY | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| RICHARD ROBERTSON | TRUSTE EMERI Trustee or director | 0.1 | $0 |
990 for the year ended February 29, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE PALLESCHI | TREASURER Trustee or director, Officer | 1 | $500 |
| DAVID WALKER | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| RICHARD ROBERTSON | VICE PRESIDE Trustee or director, Officer | 0.1 | $0 |
| KRISTIN SANBORN | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| LEANNE BURNHAM | TRUSTEE Trustee or director | 0.1 | $0 |
| MICHAEL DAY | TRUSTEE Trustee or director | 0.1 | $0 |
| BILL FAIRCHILD | TRUSTEE Trustee or director | 0.1 | $0 |
| LAURI FROST | TRUSTEE Trustee or director | 0.1 | $0 |
| RYAN FROST | TRUSTEE Trustee or director | 0.1 | $0 |
| HUGH LEMASTER | TRUSTEE Trustee or director | 0.1 | $0 |
| TRUDY PALLESCHI | TRUSTEE Trustee or director | 0.1 | $0 |
| PATRICIA PRATTE | TRUSTEE Trustee or director | 0.1 | $0 |
| JULIE SAWTELLE | TRUSTEE Trustee or director | 0.1 | $0 |
| BRETT WITHERELL | TRUSTEE Trustee or director | 0.1 | $0 |
| CHAD WRIGHT | TRUSTEE Trustee or director | 0.1 | $0 |
| JULIE WRIGHT | TRUSTEE Trustee or director | 0.1 | $0 |
| DR LARRY BUGGIA | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| GERALD HAM | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| DAVID HECKMAN | TRUSTEE EMER Trustee or director | 0.1 | $0 |
| RONALD MOODY | TRUSTEE EMER Trustee or director | 0.1 | $0 |
990 for the year ended February 28, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE PALLESCHI | TREASURER Trustee or director, Officer | 1 | $500 |
| DAVID WALKER | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| RICHARD ROBERTSON | VICE PRESIDE Trustee or director, Officer | 0.1 | $0 |
| KRISTIN SANBORN | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| DR LARRY BUGGIA | TRUSTEE Trustee or director | 0.1 | $0 |
| LEANNE BURNHAM | TRUSTEE Trustee or director | 0.1 | $0 |
| BILL FAIRCHILD | TRUSTEE Trustee or director | 0.1 | $0 |
| GERALD HAM | TRUSTEE Trustee or director | 0.1 | $0 |
| HEIDI JACKSON | TRUSTEE Trustee or director | 0.2 | $0 |
| HUGH LEMASTER | TRUSTEE Trustee or director | 0.1 | $0 |
| TRUDY PALLESCHI | TRUSTEE Trustee or director | 0.1 | $0 |
| MARK POOLE | TRUSTEE Trustee or director | 0.1 | $0 |
| JEAN PRATTE | TRUSTEE Trustee or director | 0.1 | $0 |
| JULIE SAWTELLE | TRUSTEE Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 208 BLACKSTRAP RD, FALMOUTH, ME 04105-2596
- In care of
- % DAVID HECKMAN
- Principal officer (990 for 2024)
- DAVID WALKER, 157 ACADEMY ROAD, MONMOUTH, ME 04259
- Signed the 990
- STEVE PALLESCHI, TREASURER
- Phone
- (207) 933-4252
- Return prepared by
- ONE RIVER CPAS
Mission
TO PROVIDE AWARDS AND SCHOLARSHIPS TO STUDENTS.
Program accomplishments
- TO GRANT AWARDS AND SCHOLARSHIPS TO GRADUATING SENIORS AT MONMOUTH ACADEMY, A PUBLIC HIGH SCHOOL. THERE WERE 30 RECIPIENTS WHO RECEIVED SCHOLARSHIPS AND AWARDS DURING THE CURRENT YEAR.Expenses $66,965 · grants $66,965
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0545125
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Exempt since
- 1962
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,144,411
- Income (IRS master file)
- $1,460,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | -$12,124 | $94,656 | $2,144,411 | XML |
| 990 | February 2024 | $33,547 | $46,846 | $2,057,400 | XML |
| 990 | February 2023 | $60,984 | $73,020 | $1,903,486 | XML |
| 990 | February 2022 | $174,762 | $49,634 | $2,137,370 | IRS |
| 990 | February 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0545125).
Questions about MONMOUTH ACADEMY TRUSTEES OF
- What is the EIN of MONMOUTH ACADEMY TRUSTEES OF?
- The employer identification number (EIN) of MONMOUTH ACADEMY TRUSTEES OF is 01-0545125.
- Is MONMOUTH ACADEMY TRUSTEES OF tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Which annual return does MONMOUTH ACADEMY TRUSTEES OF file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONMOUTH ACADEMY TRUSTEES OF due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONMOUTH ACADEMY TRUSTEES OF last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of MONMOUTH ACADEMY TRUSTEES OF?
- The 990 for the year ended February 28, 2025 names DAVID WALKER.
- Who are the officers and directors of MONMOUTH ACADEMY TRUSTEES OF?
- The 990 for the year ended February 28, 2025 lists 20 people; 1 received compensation from the organization, the highest $500 (STEVE PALLESCHI, TREASURER).
- How much revenue does MONMOUTH ACADEMY TRUSTEES OF have?
- On its 990 for the year ended February 28, 2025 it reported revenue of -$12,124, expenses of $94,656 and total assets of $2,144,411 at year end.
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