Unidentified unknown badge or medal - please help me

[dodyory]

please help me in identifying medal or badge below:
It belonged to an officer
http://imageshack.com/photo/my-images/203/dsc00251334.jpg/

[Ulsterman]

Catholic School Merit medal @ 1900? from Spain by the crown?

[dodyory]

hi, S and M, are from Military Service and crown is like Stefan de great (Moldova), i don't think that this is catholic school merit, and not from spain.

[IrishGunner]

hi, S and M, are from Military Service and crown is like Stefan de great (Moldova), i don't think that this is catholic school merit, and not from spain.

I first thought religious item as well. But then I noticed it it is IMS and not IHS - which would be religious monogram for Jesus Christ. But I'm still leaning towards some sort of school medal instead of being something military.