Cambridge Montessori School Inc
- Assets
- $12.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Cambridge, MA
- Founding
- 07/1964
- Data as of
- 06/2022
- EIN
- 04-2321011
Organization Overview
Cambridge Montessori School Inc is located in Cambridge, MA. The organization was established in 1964. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Cambridge Montessori School Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge 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 06/2022, Cambridge Montessori School Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 1.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
TODDLER THROUGH MIDDLE SCHOOL EDUCATION PROGRAMS TO CHILDREN RANGING FROM 21 MONTHS TO 14 YEARS OLD, ALONG WITH DAY CARE SERVICES.
RENTAL OF PARKING SPACES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Lawson Treasurer | OfficerTrustee | 2 | $0 |
Robert Cooke Clerk | OfficerTrustee | 2 | $0 |
Michael Flannery President | OfficerTrustee | 2 | $0 |
Todd Goulet Trustee | Trustee | 2 | $0 |
John Sweeney Trustee | Trustee | 2 | $0 |
Amelia Newbury Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,256 |
| Total Program Service Revenue | $5,518,231 |
| Investment income | $5,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,925 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,512,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $526,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,284,033 |
| Pension plan accruals and contributions | $69,944 |
| Other employee benefits | $394,462 |
| Payroll taxes | $242,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,597 |
| Fees for services: Accounting | $32,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,802 |
| Advertising and promotion | $0 |
| Office expenses | $144,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $473,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $232,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,958 |
| Insurance | $53,520 |
| All other expenses | $19,763 |
| Total functional expenses | $6,013,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,457,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,444,899 |
| 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 | $28,957 |
| Net Land, buildings, and equipment | $9,057,650 |
| Investments—publicly traded securities | $12,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,318 |
| Total assets | $12,137,807 |
| Accounts payable and accrued expenses | $187,541 |
| Grants payable | $0 |
| Deferred revenue | $3,224,048 |
| 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 | $6,640,434 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,052,023 |
| Net assets without donor restrictions | $2,085,784 |
| 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 | $12,137,807 |