2026-05-15T11:50:56-05:00 2025-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2024-07-01 620858169 MADONNA LEARNING CENTER INCORPORATED MADO 9017525767 7007 POPLAR AVENUE GERMANTOWN TN 38138 JIMMY DICKEY TREASURER 9017525767 2026-05-11 1 1 RICHARD L WEBB CPA P00362093 9016834234 2026-05-11 2024 2025-03-06 01:10:19Z JO GILBERT 7007 POPLAR AVENUE GERMANTOWN TN 38138 4162185 0 X WWW.MADONNA-LEARNING.ORG X 1974 TN MADONNA LEARNING CENTER, INCORPORATED (MADONNA) IS A NOT-FOR-PROFIT TENNESSEE CORPORATIONORGANIZED AS A PRIVATE INDEPENDENT SCHOOL WITH A CURRICULUM FOR SPECIAL NEEDS CHILDREN AND YOUNGADULTS TO REACH THEIR FULL POTENTIAL WHILE OFFERING SUPPORT TO THEIR FAMILITES. 12 12 98 230 0 0 2155412 1472303 1325482 1615875 206485 266137 437164 547070 4124543 3901385 0 0 0 0 2307241 2414472 0 0 292510 1064873 1190453 3372114 3604925 752429 296460 17283913 18237848 523402 702808 16760511 17535040 X MADONNA LEARNING CENTER PROVIDES A FAITH BASED EDUCATIONAL AND SOCIAL ENVIRONMENT THAT EMPOWERS CHILDREN AND ADULTS WITH SPECIAL NEEDS TO REACH THEIR FULL POTENTIAL WHILE OFFERING SUPPORT TO THEIR FAMILIES. 0 0 2665808 1615875 MADONNA LEARNING CENTER, INC. IS A PRIVATE INDEPENDENT SCHOOL AND ADULT TRAINING CENTER FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. THE SCHOOL PROVIDES AN EDUCATIONAL SETTING WHICH INCLUDES PROGRAMMING AND SERVICES SIMILAR TO OTHER SCHOOLS. AGES RANGE FROM 4-19 IN THE SCHOOL PROGRAM. STUDENTS ADVANCE TO THE ADULT PROGRAM (MONARCH PROGRAM) AT AGE 18/19. THIS PROGRAM INCLUDES 3 CLASSES. TWO CLASSES FOCUS ON TRAINING FOR EMPLOYMENT AND INDEPENDENT LIVING. THE THIRD CLASS WORKS WITH STUDENTS FULL AND PART TIME ON SKILLS FOR SUSTAINING EMPLOYMENT, SOCIAL SKILLS AND COMMUNITY OUTREACH ACTIVITIES. STUDENTS IN THE SCHOOL PROGRAM RECEIVE LANGUAGE AND OCCUPATIONAL THERAPY SERVICES. ADULTS RECEIVE CONSULTATION THERAPY AS NEEDED FOR EMPLOYMENT AND INDEPENDENT LIVING. ALL STUDENTS AND ADULTS PARTICIPATE IN SPECIALTY CLASSES SUCH AS ART, MUSIC, DANCE, PHYSICAL EDUCATION, AND FITNESS.THE GOAL OF THE SCHOOL IS TO PREPARE OUR STUDENTS TO BE AS INDEPENDENT AS POSSIBLE WHEN THEY ENTER THEIR ADULT LIFE. WE ARE A SINGLE PROGRAM WITH MULTIPLE EDUCATIONAL EXPERIENCES TO MEET OUR MISSION. WE ENROLL APPROXIMATELY 90-95 STUDENTS AND ADULTS ANNUALLY. 94223 131054 MONARCH VENTURES, LLC DOING BUSINESS AS BLUFF CITY TOFFEE, OWNED AND OPERATED BY MADONNA LEARNING CENTER, INC. PROVIDES REAL-LIFE EXPERIENCES OF MANAGING AND OPERATING A BUSINESS THAT PRODUCES THE PRODUCT IT SELLS. INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND SPECIAL NEEDS ARE EMPOWERED BY MANAGING THE CONFECTIONERY WHILE EXPERIENCING VOCATIONAL OPPORTUNITIES IN TODAY'S WORLD. 2760031 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 98 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 TN X THE ORGANIZATION 9017525767 7007 POPLAR AVENUE MEMPHIS TN 38138 BARBARA DAUSH DIRECTOR 1.00 X 0 0 0 KEVIN FERGUSON DIRECTOR 1.00 X 0 0 0 ELIZABETH WILLIAMSON VICE PRESIDENT 1.00 X X 0 0 0 JIMMY DICKEY TREASURER 4.00 X X 0 0 0 JOHN BOBANGO DIRECTOR 1.00 X 0 0 0 JOHN HAASE DIRECTOR 3.00 X 0 0 0 MIKE GLENN DIRECTOR 1.00 X 0 0 0 MIKE MATTINGLY DIRECTOR 1.00 X 0 0 0 DR MIKE NEEL PRESIDENT 2.00 X X 0 0 0 FRANK MUSCARI DIRECTOR 1.00 X 0 0 0 BILLY POSEY DIRECTOR 1.00 X 0 0 0 JOHN SAMPIETRO DIRECTOR 1.00 X 0 0 0 JO-ANN GILBERT EXEC. DIRECTOR 50.00 X 106486 0 0 106486 0 0 1 0 0 0 0 487632 984671 52518 1472303 TUITION AND SCHOOL FEE 611110 1615875 1615875 1615875 264348 264348 127425 0 127425 127425 127425 54307 52518 1789 1789 1789 427203 487632 138612 288591 288591 200724 69670 131054 131054 3901385 1746929 0 682153 106704 26676 37346 42682 2072499 1653447 211516 207536 68119 54346 6952 6821 167150 127181 19937 20032 129111 129111 20025 20025 102600 20256 82344 259113 220456 25772 12885 3832 3832 348751 314453 34298 53297 45635 5108 2554 DIRECT SCHOOL PROGRAM/A 257512 257512 LEASE EXPENSE 13137 13137 EDUCATOR EXPENSES 3075 3075 3604925 2760031 552384 292510 1898925 2056992 13415 131038 11341 23384 3573 5968 11996129 3409182 8663334 8586947 6570395 7300035 60500 60500 62430 72984 17283913 18237848 171473 165282 339800 464777 12129 72749 523402 702808 X 14287984 14943482 2472527 2591558 16760511 17535040 17283913 18237848 296460 531913 -53844 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107245 2065345 32076 2204666 104187 3058 107245 95673 8514 104187 138436 -42763 95673 111632 26804 138436 0.00000 1.00000 0.00000 0 0 1321389 1321389 7095018 2008743 5086275 1955701 463028 1492673 822775 641400 181375 801246 296011 505235 8586947 OPERATING LEASE LIABILTY 72749 72749 X 4587736 531913 208282 740195 3847541 53844 53844 3901385 3813207 208282 208282 3604925 0 3604925 PART V, LINE 4: EARNINGS FROM THE ENDOWMENT ARE TO BE USED EXCLUSIVELY FOR SCHOLARSHIPS. PART X, LINE 2: MADONNA LEARNING CENTER, INC. FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION SC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE CENTER HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE CENTER'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED JUNE 30, 2023, THROUGH JUNE 30, 2025, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JUNE 30, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES SHOWN ON PART VIII LINE 8B 138,612. MONARCH COST OF SALES AS PROGRAM EXPENSES ON FINANCIAL STATEMENT 69,670. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES SHOWN ON PART VIII LINE 8B 138,612. MONARCH COST OF SALES AS PROGRAM EXPENSES ON FINANCIAL STATEMENT 69,670. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBE THE CENTER'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES. X X X X AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GALA 504818 347232 157586 10285 34485 3650 53959 CHRISTMAS PRODUCTION 157296 119220 38076 3500 20654 5 252721 21180 231541 12079 914835 487632 427203 13785 34485 3650 86692 138612 288591 X 3 52518 STOCK QUOTE PER EXCHANGE 0 0 0 PART IV, LINE 10 FORM 990 SCHEDULE D, PART V - ENDOWMENT FUNDS LINE 1(B) OF THE ENDOWMENT FUNDS INCLUDES THE RECLASSIFICATION OF PRIOR ENDOWMENT FUNDS THAT WERE NOT INCLUDED IN THE ENDOWMENT FUND ASSETS. THE CURRNET YEAR ENDOWMENT FUND CONTRIBUITON INCLUDES THE RECLASSIFICATION AMOUNT THAT WAS INCORRECLTY REFLECTED IN THE PRIOR YEAR TAX RETURN. THE ADJUSTMENTS ARE AS FOLLOWS: ENDOWMENT CONTRIBUTION IN THE CURRENT YEAR 200,000 ADDITIONAL FUND BALANCE NOT INCLUDED 1,865,345 PART V, LINE 1(B) CONTRIBUTIONS 2,065,345 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL SURVEYS ARE CONDUCTED TO ENSURE THAT BOARD, STAFF AND FACULTY HAVE DISCLOSED ANY CONFLICTS OF INTEREST AND AS WARRANTED THE BOARD RESOLVES ISSUES THAT ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD, THE OFFICERS AND THE MANAGEMENT OF THE ORGANIZATION REVIEW, ON AN ANNUAL BASIS, ALL EMPLOYEE COMPENSATION, COMPARES COMPENSATION OF OTHER SIMILAR ORGANIZATIONS AND DETERMINES THE APPROPRIATE COMPENSATION FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 MADONNA LEARNING CENTER, INCORPORATED HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION AND WILL PROVIDE THE INFORMATION FOR REVIEW UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT PROCESS AND THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. MONARCH VENTURES LLC 7007 POPLAR AVE GERMANTOWN TN 38138 920882574 PROVIDE REAL-LIFE BUSINESS EXPERIENCES TO THE ORGANIZATIONS STUDENTS/ALUMNI TN 200724 224868 MADONNA LEARNING CENTER INCORPORATED