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Montclair Kimberly Academy Foundation

EIN 23-7365263 · Montclair, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$60.5 million
Spending
$53.3 million
Spent on programs
82%
Reserves
9.1 months of spending
Largest source of income
fees for its services, 87%
Employees
484
Volunteers
400
Highest pay
$683,239, head of school

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 84% of charities in its peer group (education, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.1 months of spending.

  • Debt

    16 of 20

    It owes 19% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 17 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 50% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    28 of 29 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $36.9 million spent. 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.
  2. $4.7 million spent. 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.
  3. $2.1 million spent. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1974.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.