Nonprofit · EIN 23-7365263
MONTCLAIR KIMBERLY ACADEMY FOUNDATION
Tax-exempt · MONTCLAIR, NJ 07042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $60,496,517 | $53,274,848 | $7,221,669 | $126,603,472 | $24,445,228 | $102,158,244 |
| June 30, 2024 | 990 | $57,361,999 | $51,992,856 | $5,369,143 | $102,321,822 | $10,400,845 | $91,920,977 |
| June 30, 2023 | 990 | $53,487,855 | $49,131,523 | $4,356,332 | $92,287,846 | $9,631,313 | $82,656,533 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,223,926
- of which government grants
- $450,805
- Program service revenue
- $52,653,464
- Investment income
- $3,469,817
- Net rental income
- $142,070
- Net gain from sales of assets
- $1,078,605
- Other revenue
- $149,310
Expenses
- Grants and similar amounts paid
- $6,219,241
- Compensation of officers, directors and key employees
- $847,817
- Other salaries and wages
- $23,209,995
- Salaries, compensation and benefits (total)
- $32,398,081
- Professional fundraising fees
- $0
- Legal fees
- $41,051
- Accounting fees
- $41,600
- Occupancy
- $669,926
- Depreciation
- $2,104,995
- Program services (functional)
- $43,641,899
- Management and general (functional)
- $8,899,376
- Fundraising (functional)
- $733,573
Balance sheet and other
- Total assets, start of year
- $102,321,822
- Total assets, end of year
- $126,603,472
- Total liabilities, end of year
- $24,445,228
- Net assets, end of year
- $102,158,244
- Land, buildings and equipment
- $47,200,129
- Publicly traded securities
- $52,839,387
- Net assets without donor restrictions
- $87,465,320
- Net assets with donor restrictions
- $14,692,924
- Gross receipts
- $73,766,841
- Employees
- 484
- Volunteers
- 400
- Year formed
- 1974
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIGEL D FURLONGE | HEAD OF SCHOOL Trustee or director, Officer | 65 | $391,015 | $292,224 |
| DAVID FLOCCO | HEAD, UPPER SCHOOL Highest-paid employee | 55 | $209,899 | $240,244 |
| KATHRYN DAVISON | CHIEF FINANCIAL & OPERATION Officer | 65 | $317,949 | $102,729 |
| STEPHEN VALENTINE | ASSOCIATE HEAD OF SCHOOL Highest-paid employee | 55 | $197,189 | $99,713 |
| JAMES CASTELLI | DIRECTOR, PHYSICAL PLANT Highest-paid employee | 55 | $176,655 | $115,589 |
| CARLAINA BELL | HEAD, MIDDLE CAMPUS Highest-paid employee | 55 | $169,670 | $106,432 |
| KAREN NEWMAN | ASST. HEAD OF SCHOOL Highest-paid employee | 55 | $180,259 | $51,358 |
| CRAIG SOLOMON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JEFFREY G SZILAGYI | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JENNIFER BARBETTA | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARGARET WAGER | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| KATHLEEN M LOGAN | HONORARY TRUSTEE Trustee or director | 5 | $0 | $0 |
| LUKE A SARSFIELD III | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| LAUREN KAPLAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MERRICK G ANDLINGER | OFFICER: TREASURER Trustee or director, Officer | 5 | $0 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NAVEEN BALLEM | OFFICER: PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAIGE L COTTINGHAM-STREATER | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROBERT RUBERTON | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| SYBIL ENG | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| MATTHEW SHERMAN | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| STEPHANIE SALZMAN | OFFICER: SECRETARY Trustee or director, Officer | 5 | $0 |
| SOLOMON STEPLIGHT | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| ANYA BARRETT | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| ALISON SLONE | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| HEATHER BENJAMIN | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| DAN CESAREO | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| AUBIN AMES | HONORARY TRUSTEE Trustee or director | 5 | $0 |
| JOHN GARIPPA | HONORARY TRUSTEE Trustee or director | 5 | $0 |
| ALICE HIRSH | HONORARY TRUSTEE Trustee or director | 5 | $0 |
| MICHAEL V JOHNSON | HONORARY TRUSTEE Trustee or director | 5 | $0 |
| NEWTON SCHOTT | HONORARY TRUSTEE Trustee or director | 5 | $0 |
| BRIAN GLATT | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| LAUREN TABAK FASS | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| DENNIS GOLDSTEIN | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| KAREN HEATH-WADE | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| SCOTT ROSENBERG | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| MOUSHUMI SANGHAVI KHUBLALL | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| LIZA HELWIG | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| STUART HARWOOD | MEMBER TRUSTEE Trustee or director | 5 | $0 |
| DAVID HARRISON | MEMBER TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIGEL D FURLONGE | HEAD OF SCHOOL Trustee or director, Officer | 65 | $378,995 | $191,192 |
| KATHRYN DAVISON | CHIEF FINANCIAL & OPERATING OFFICER Officer | 65 | $306,251 | $97,804 |
| DAVID FLOCCO | HEAD, UPPER SCHOOL Highest-paid employee | 55 | $205,888 | $140,109 |
| CARLAINA BELL | HEAD, MIDDLE CAMPUS Highest-paid employee | 55 | $176,797 | $105,841 |
| JAMES CASTELLI | DIRECTOR, PHYSICAL PLANT Highest-paid employee | 55 | $170,852 | $101,911 |
| KAREN NEWMAN | ASST. HEAD OF SCHOOL Highest-paid employee | 55 | $173,958 | $49,672 |
| RALPH PACIFICO | DIR, STAR CAMP/PE & HEALTH TEACHER Trustee or director | 55 | $174,785 | $12,082 |
| CRAIG SOLOMON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| CAITLIN DIRUGGIERO | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JEFFREY G SZILAGYI | OFFICER: TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BARBETTA | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARGARET WAGER | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| KATHLEEN M LOGAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| LUKE A SARSFIELD III | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| LAUREN KAPLAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MERRICK G ANDLINGER | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| NAVEEN BALLEM | OFFICER: PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| PAIGE L COTTINGHAM STREATER | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT RUBERTON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| SYBIL ENG | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MATTHEW SHERMAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| STEPHANIE SALZMAN | OFFICER: SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SOLOMON STEPLIGHT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANYA BARRETT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| ALISON SLONE | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| HEATHER BENJAMIN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAN CESAREO | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| AUBIN AMES | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JOHN GARIPPA | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| ALICE HIRSH | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MICHAEL V JOHNSON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| NEWTON SCHOTT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| BRIAN GLATT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| LAUREN TABAK FASS | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| DENNIS GOLDSTEIN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| KAREN HEATH-WADE | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| SCOTT ROSENBERG | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIGEL D FURLONGE | HEAD OF SCHOOL Trustee or director, Officer | 65 | $370,854 | $180,622 |
| DAVID FLOCCO | HEAD, UPPER SCHOOL Highest-paid employee | 55 | $288,853 | $140,687 |
| KATHRYN DAVISON | CHIEF FINANCIAL OFFICER Officer | 65 | $296,122 | $91,246 |
| KAREN NEWMAN | ASST. HEAD OF SCHOOL Highest-paid employee | 55 | $169,918 | $47,378 |
| WILLIAM STITES | DIRECTOR OF TECHNOLOGY Highest-paid employee | 55 | $157,469 | $45,739 |
| CARLAINA BELL | HEAD, MIDDLE CAMPUS Highest-paid employee | 55 | $171,695 | $29,527 |
| JAMES CASTELLI | DIRECTOR, PHYSICAL PLANT Highest-paid employee | 55 | $158,537 | $38,761 |
| CRAIG SOLOMON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| CAITLIN DIRUGGIERO | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| CLIFFORD FINKLE | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JAMES L BROMLEY | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| JEFFREY G SZILAGYI | OFFICER: TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BARBETTA | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARGARET WAGER | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| KATHLEEN M LOGAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| LUKE A SARSFIELD III | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TRACY HIGGINS | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| LAUREN KAPLAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MERRICK G ANDLINGER | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| NAVEEN BALLEM | OFFICER: PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TINA JORDAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| PAIGE L COTTINGHAM STREATER | OFFICER: VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT RUBERTON | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| SYBIL ENG | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| MATTHEW SHERMAN | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| STEPHANIE SALZMAN | OFFICER: SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SOLOMON STEPLIGHT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANYA BARRETT | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
| ALISON SLONE | MEMBER TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 VALLEY RD, MONTCLAIR, NJ 07042-2335
- In care of
- % MONTCLAIR KIMBERLEY ACADEMY
- Principal officer (990 for 2024)
- NIGEL D FURLONGE, 201 VALLEY ROAD, MONTCLAIR, NJ 07042
- Signed the 990
- KATHRYN DAVISON, CHIEF FINANCIAL & OPT OFFICER
- Phone
- (973) 746-9800
- Website
- WWW.MKA.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
SEE SCHEDULE O
Program accomplishments
- MONTCLAIR 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 THEIR STEM CURRICULUM IN THE UPPER SCHOOL.Expenses $36,871,147 · grants $6,219,241 · revenue $49,149,363
- 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 AS TO SCHOOL-SANCTIONED ACTIVITIES AND ATHLETIC EVENTS. OUR SECURITY PERSONNEL OVERSEE STUDENTS AND GUEST ARRIVALS AND DEPARTURES ON A DAILY BASIS AS WELL AS COVER AFTER-HOUR EVENTS AND SECURITY DRILLS.Expenses $4,664,011
- 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 FINANCIAL ASSISTANCE IS AVAILABLE FOR THOSE WHO ARE ELIGIBLE.Expenses $2,106,741 · revenue $3,511,341
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7365263
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $126,603,472
- Income (IRS master file)
- $73,766,841
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $60,496,517 | $53,274,848 | $126,603,472 | XML |
| 990 | June 2024 | $57,361,999 | $51,992,856 | $102,321,822 | XML |
| 990 | June 2023 | $53,487,855 | $49,131,523 | $92,287,846 | XML |
| 990 | June 2022 | $51,589,426 | $46,541,061 | $86,504,754 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-7365263).
Questions about MONTCLAIR KIMBERLY ACADEMY FOUNDATION
- What is the EIN of MONTCLAIR KIMBERLY ACADEMY FOUNDATION?
- The employer identification number (EIN) of MONTCLAIR KIMBERLY ACADEMY FOUNDATION is 23-7365263.
- Is MONTCLAIR KIMBERLY ACADEMY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to MONTCLAIR KIMBERLY ACADEMY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTCLAIR KIMBERLY ACADEMY FOUNDATION 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 MONTCLAIR KIMBERLY ACADEMY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTCLAIR KIMBERLY ACADEMY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONTCLAIR KIMBERLY ACADEMY FOUNDATION?
- The 990 for the year ended June 30, 2025 names NIGEL D FURLONGE.
- Who are the officers and directors of MONTCLAIR KIMBERLY ACADEMY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 40 people; 7 received compensation from the organization, the highest $391,015 (NIGEL D FURLONGE, HEAD OF SCHOOL).
- How much revenue does MONTCLAIR KIMBERLY ACADEMY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $60,496,517, expenses of $53,274,848 and total assets of $126,603,472 at year end.
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