Adams Montessori School Inc
- Assets
- $4.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Quincy, MA
- Founding
- 06/1983
- Data as of
- 06/2022
- EIN
- 04-2672489
Organization Overview
Adams Montessori School Inc is located in Quincy, MA. The organization was established in 1983. 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, Adams Montessori School Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams 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, Adams Montessori School Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 5.0% 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 SCHOOL SERVES CHILDREN FROM THE AGE OF 15 MONTHS THROUGH SIXTH GRADE. THE SCHOOL'S MISSION IS TO GUIDE CHILDREN IN THEIR SELF-FORMATION, WHICH IS BELIEVED TO BE BEST ACHIEVED IN AN ENVIRONMENT THAT FOSTERS SELF-DISCIPLINE AND FREEDOM WITH RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TODDLER THROUGH SIXTH GRADE EDUCATION WAS PROVIDED FOR APPROXIMATELY 118 CHILDREN UNDER THE MONTESSORI PHILOSOPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Berg President | OfficerTrustee | 1 | $0 |
Steve Borgerson Treasurer | OfficerTrustee | 1 | $0 |
Salimah Samji Secretary | OfficerTrustee | 1 | $0 |
Steve Kolander Director | Trustee | 1 | $0 |
Blake Skidmore Director | Trustee | 1 | $0 |
Danielle Lam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,830 |
| Total Program Service Revenue | $1,715,536 |
| Investment income | $1,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,922,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $141,152 |
| Other salaries and wages | $1,106,932 |
| Pension plan accruals and contributions | $11,570 |
| Other employee benefits | $42,379 |
| Payroll taxes | $96,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,600 |
| Fees for services: Accounting | $23,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,084 |
| Advertising and promotion | $1,841 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,326 |
| Insurance | $30,646 |
| All other expenses | $55,470 |
| Total functional expenses | $1,939,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,479 |
| Savings and temporary cash investments | $962,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,478 |
| 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 | $11,501 |
| Net Land, buildings, and equipment | $2,918,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,052,443 |
| Accounts payable and accrued expenses | $103,240 |
| Grants payable | $0 |
| Deferred revenue | $132,213 |
| 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 | $947,299 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,182,752 |
| Net assets without donor restrictions | $2,869,691 |
| 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 | $4,052,443 |