Nonprofit · EIN 87-0343022
MOUNT VERNON ACADEMY
Tax-exempt · MURRAY, UT 84107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,175,831 | $1,080,409 | $95,422 | $282,858 | $0 | $282,858 |
| December 31, 2024 | 990 | $1,361,563 | $1,332,283 | $29,280 | $187,436 | $0 | $187,436 |
| December 31, 2023 | 990 | $862,967 | $832,750 | $30,217 | $158,156 | $0 | $158,156 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,175,831
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,362
- Other salaries and wages
- $291,526
- Salaries, compensation and benefits (total)
- $434,785
- Professional fundraising fees
- $0
- Occupancy
- $119,251
- Program services (functional)
- $1,080,409
Balance sheet and other
- Total assets, start of year
- $187,436
- Total assets, end of year
- $282,858
- Total liabilities, end of year
- $0
- Net assets, end of year
- $282,858
- Gross receipts
- $1,175,831
- Employees
- 23
- Volunteers
- 0
- Year formed
- 1975
- State of legal domicile
- UT
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Lambson | President Trustee or director, Highest-paid employee | 40 | $68,000 |
| Shannon Lambson | Trustee Trustee or director | 35 | $29,862 |
| Britney Lambson | Trustee Trustee or director | 20 | $14,500 |
| Ryan Lambson | Trustee Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Lambson | President Trustee or director | 40 | $71,000 |
| Ryan Lambson | Trustee Institutional trustee | 15 | $1,496 |
| Britney Lambson | Trustee Institutional trustee | 10 | $0 |
| Shannon Lambson | Trustee Institutional trustee | 10 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Lambson | President Trustee or director | 40 | $87,000 |
| Ryan Lambson | Trustee Institutional trustee | 15 | $12,067 |
| Britney Lambson | Trustee Institutional trustee | 10 | $0 |
| Shannon Lambson | Trustee Institutional trustee | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 240 S 5600 S, MURRAY, UT 84107-0000
- Principal officer (990 for 2025)
- Mike Lambson, 2004 South 1600 East, Salt Lake City, UT 84105
- Signed the 990
- Mike Lambson, President
- Phone
- (801) 266-5521
- Website
- www.mountvernonacademy.com
Mission
We are a small private school that allows students from around the world and locally a chance to receive a valuable education with small class sizes from an accredited school. Almost all of of our student body will ultimately graduate from Mount Vernon and go on to college.
Program accomplishments
- Mount Vernon Academy has served the world for the past 51 years providing an amazing place to gather, be educated, and share common goals. We serve students from Utah and various countries from around the world. Our number one program service accomplishment is offering opportunity for students to be educated that come from such a diverse and culturally rich backgrounds. Our teachers work 7 hours per day and 180 days per year to make every student feel valued and important.Expenses $1,080,409 · revenue $1,175,831
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0343022
- 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
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21Z)
- Assets (IRS master file)
- $282,858
- Income (IRS master file)
- $1,175,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,175,831 | $1,080,409 | $282,858 | IRS |
| 990 | December 2024 | $1,361,563 | $1,332,283 | $187,436 | IRS |
| 990 | December 2023 | $862,967 | $832,750 | $158,156 | XML |
| 990 | December 2022 | $814,713 | $715,339 | $127,939 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 87-0343022).
Questions about MOUNT VERNON ACADEMY
- What is the EIN of MOUNT VERNON ACADEMY?
- The employer identification number (EIN) of MOUNT VERNON ACADEMY is 87-0343022.
- Is MOUNT VERNON ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to MOUNT VERNON ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNT VERNON ACADEMY 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 MOUNT VERNON ACADEMY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT VERNON ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MOUNT VERNON ACADEMY?
- The 990 for the year ended December 31, 2025 names Mike Lambson.
- Who are the officers and directors of MOUNT VERNON ACADEMY?
- The 990 for the year ended December 31, 2025 lists 4 people; 3 received compensation from the organization, the highest $68,000 (Mike Lambson, President).
- How much revenue does MOUNT VERNON ACADEMY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,175,831, expenses of $1,080,409 and total assets of $282,858 at year end.
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