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Tax Status Governance Fund Raising Financial

Name:	Villa Madonna Academy
Address:	2500 Amsterdam Road
	Villa Hills, KY 41017
Phone:	(859) 331-6333
Web Address:	www.villamadonna.net

Villa Madonna Academy meets the 20 Standards for Charity Accountability.

Villa Madonna Academy is a private, Catholic co-ed school for kindergarten through twelfth grade. According to the charity, the average class size for the high school is 18 students and in the elementary school and junior high school, the average class size is 17 students. All students in the elementary, junior high, and high school attend religious class and learn about the Benedictine Values and monastic life. Additionally, students in all grade levels attend mass. Students starting as early as kindergarten begin taking foreign language classes. The junior high school students are able to advance to high school level foreign language and math courses. In the high school, all courses offered are college prep or honors level and offers 17 Advance Placement (AP) classes. According to the charity, 95% of the 2009 graduating class received either a partial or full academic scholarship to universities and colleges.

For the fiscal year ended June 30, 2010, Villa Madonna Academy's program expenses were:

Elementary School	1,707,633
High School	1,390,443
Total Program Expenses:	$3,098,076

Chief Executive : Mr. Edmund Franchi, President

Compensation*:

Chair of the Board: Mr. J. David Bender
Chair's Profession / Business Affiliation: Attorney

Board Size: 17

Paid Staff Size: 76

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

direct mail appeals, invitations to fundraising events, grant proposals, Internet, planned giving arrangements

Fundraising costs were 30% of related contributions. (Related contributions, which totaled $527,848, are donations received as a result of fundraising activities.)

This charity is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Villa Madonna Academy's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
Tuition	3,734,907
Fundraising	223,024
Gifts, Bequests, and Grants	164,755
Other Fees	128,425
Subsidies - Diocesan	97,900
Athletic Department Revenue - Particpation Fees	71,622
Athletic Department Revenue - Gate Receipts	30,189
Athletic Department Revenue - Contributions	28,292
Camps and Clinics	14,491
Athletic Department Revenue - Special Events	13,877
Other Operating Revenue	13,121
Athletic Department Revenue - Other Income	11,001
Allowances and Adjustments	-290,859
Investment Income (Loss)	-545,183
Total Income	$3,695,562

Uses of Funds as a % of Total Expenses

Programs: 69%  Fund Raising: 4%  Administrative: 27%

Total income				$3,695,562
	Program expenses			$3,098,076
	Fund raising expenses			155,875
	Administrative expenses			1,182,205
Total expenses				$4,436,156
Expenses in Excess of Income				(740,594)
Beginning net assets				4,331,537
Ending net assets				3,590,943
Total liabilities				4,347,685
Total assets				$7,938,628