Brooklyn Montessori Ltd
- Assets
- $2.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Brooklyn, NY
- Founding
- 08/2003
- Data as of
- 06/2022
- EIN
- 01-0778179
Organization Overview
Brooklyn Montessori Ltd is located in Brooklyn, NY. The organization was established in 2003. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Brooklyn Montessori Ltd employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Montessori Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Brooklyn Montessori Ltd generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OUR SCHOOL IS TO PROVIDE AFFORDABLE, HIGH QUALITY PRE-SCHOOL EDUCATION GUIDED BY THE MONTESSORI TEACHING PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT MONTESSORI DAY SCHOOL OF BROOKLYN (BROOKLYN MONTESSORI LTD), WE CONTINUED TO SERVE FAMILIES AND CHILDREN IN PROSPECT HEIGHTS, BROOKLYN THROUGH THE 2021-22 SCHOOL YEAR. WE WORKED WITH UP TO 109 TWO- TO FIVE-YEAR-OLD CHILDREN DAILY, IN SEVEN CLASSROOMS, USING OUR MONTESSORI-FOCUSED PEDAGOGY TO HELP THEM GROW AS INDEPENDENT LEARNERS AND ENGAGED PARTICIPANTS, BOTH HERE AT SCHOOL AND IN THE WIDER COMMUNITY.FACULTY (BOTH LEAD TEACHER, ASSISTANT LEVEL AND ADMINISTRATION) CONTINUED TO DEVELOP THEIR MONTESSORI-BASED SKILLS AND KNOWLEDGE BY ATTENDING THE YEARLY AMERICAN MONTESSORI SOCIETY (AMS) CONFERENCE FOR 2019 HELD IN WASHINGTON DC; BY ATTENDING INTENSIVE INFANT/TODDLER OR EARLY CHILDHOOD TRAINING PROGRAMS AT WEST SIDE MONTESSORI SCHOOL IN MANHATTAN; BY PARTICIPATING IN ONLINE AND LOCAL WORKSHOPS OFFERED BY AMS AND THE CENTER FOR EMOTIONALLY RESPONSIVE TEACHING PRACTICES; AND BY RECEIVING MENTORSHIP FROM EXPERIENCED AND CREDENTIALED TEACHERS IN OUR PROGRAM. WE CONTINUED TO HOLD ONSITE PROFESSIONAL DEVELOPMENT WORKSHOPS ON TOPICS RANGING FROM LIFESAVING PROCEDURES TO EARLY CHILDHOOD BEST PRACTICES. WE CONTINUED WORKING WITH PARENTS BY CONFERRING WITH THEM INDIVIDUALLY ABOUT THEIR CHILDRENS DEVELOPMENT AND BY PREPARING THEM FOR THE NEXT STEPS BEYOND THIS PRESCHOOL PROGRAM WITH OUR INDEPENDENT AND PUBLIC NEXT SCHOOLS NIGHTS SERIES, AS WELL AS THROUGH MONTESSORI AT HOME AND PARENTING WORKSHOPS. TEACHERS AND THE EXEC. DIRECTOR ALSO PROVIDED PARENTS WITH WRITTEN GUIDANCE ABOUT EXPECTATIONS FOR CHILDREN'S GROWTH AND PROGRESS IN A MONTESSORI EARLY CHILDHOOD SETTING. WE BROUGHT POST PANDIMIC FAMILY ENGAGEMENT BACK TO MDS WITH OUR FIRST COMMUNITY ART SHOW. WE ENDED THE YEAR WITH THE RETURN OF IN-PERSON CLASSROOM CELEBRATIONS. WE CONTINUED TO ALLOCATE 2.3% OF OUR ANNUAL BUDGET TOWARD FUNDS RESERVED FOR OUR TUITION ASSISTANCE PROGRAM AND MAINTAINED THE MAXIMUM AID AWARD AT 50% ASSISTANCE. THE PROGRAM WAS AUTHORIZED TO DISTRIBUTE UP TO $108,317.42 IN AID TO FAMILIES FOR THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latisha Cook Executive Dir. | Officer | 40 | $112,334 |
Lisa Callender-Wilson President | OfficerTrustee | 2 | $0 |
Kate Shaw Secretary | OfficerTrustee | 2 | $0 |
Suyin So Vice President | OfficerTrustee | 2 | $0 |
Geoffrey Lewis Treasurer | OfficerTrustee | 2 | $0 |
Marisa Buchanan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $515,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,632 |
| Total Program Service Revenue | $2,940,350 |
| Investment income | $12,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,513,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $89,980 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,865 |
| Compensation of current officers, directors, key employees. | $45,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,676,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $295,663 |
| Payroll taxes | $271,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,259 |
| Advertising and promotion | $0 |
| Office expenses | $20,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,559 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,339 |
| Insurance | $45,058 |
| All other expenses | $33,219 |
| Total functional expenses | $3,198,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,018 |
| Savings and temporary cash investments | $695,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,903 |
| Net Land, buildings, and equipment | $3,670 |
| Investments—publicly traded securities | $758,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,456 |
| Total assets | $2,322,175 |
| Accounts payable and accrued expenses | $95,043 |
| Grants payable | $0 |
| Deferred revenue | $1,039,115 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,048 |
| Total liabilities | $1,287,206 |
| Net assets without donor restrictions | $1,034,969 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,322,175 |