Lexington Montessori School Inc
- Assets
- $13.4m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 92
- Location
- Lexington, MA
- Founding
- 08/1965
- Data as of
- 06/2020
- EIN
- 04-2314257
Organization Overview
Lexington Montessori School Inc is located in Lexington, MA. The organization was established in 1965. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Lexington Montessori School Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Montessori School Inc 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 06/2020, Lexington Montessori School Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $6.7m during the year ending 06/2020. While expenses have increased by 1.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AN INCLUSIVE, JOYFUL COMMUNITY THAT IGNITES SELF-DISCOVERY THROUGH PURPOSEFUL LEARNING VIA THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INDEPENDENT EDUCATIONAL SERVICES ON A NONDISCRIMINATORY BASIS TO 194 STUDENTS FROM PRESCHOOL TO GRADE EIGHT USING THE MONTESSORI METHOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aline Gery Head Of School | Officer | 40 | $236,319 |
Mike Scalese Director/teacher | Trustee | 40 | $68,547 |
Brian Roberts Vice President | OfficerTrustee | 5 | $0 |
Elizabeth Nee Clerk | OfficerTrustee | 5 | $0 |
Sue Lehman Treasurer | OfficerTrustee | 7 | $0 |
Deb Kreutzer President | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,064 |
| Investment income | $93,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,694,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,283,695 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $368,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,070,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $774,253 |
| 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 | $64,377 |
| Advertising and promotion | $15,006 |
| Office expenses | $57,329 |
| Information technology | $55,671 |
| Royalties | $0 |
| Occupancy | $184,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,507 |
| Insurance | $57,137 |
| All other expenses | $0 |
| Total functional expenses | $6,703,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599 |
| Savings and temporary cash investments | $2,554,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $104,267 |
| Investments—publicly traded securities | $3,295,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,352,511 |
| Accounts payable and accrued expenses | $209,316 |
| Grants payable | $0 |
| Deferred revenue | $1,436,506 |
| Tax-exempt bond liabilities | $4,037,872 |
| 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 | $812,800 |
| Other liabilities | $72,742 |
| Total liabilities | $6,569,236 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,783,275 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lexington Montessori School Inc has recieved totaling $25,273.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,489 |
Cambridge Savings Charitable Foundation Inc Cambridge, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Dunn Family Charitable Foundation Andover, MA PURPOSE: UNRESTRICTED GIFT | $1,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Beg. Balance | $462,354 |
| Earnings | $122,213 |
| Other Expense | $18,976 |
| Ending Balance | $565,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |