Summit Montessori School
- Assets
- $3.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Framingham, MA
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 04-3298290
Organization Overview
Summit Montessori School is located in Framingham, MA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Summit Montessori School employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Montessori School 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 06/2021, Summit Montessori School generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 2.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REFER TO SCHEDULE O.SUMMIT MONTESSORI SCHOOL IS A COMMUNITY DEDICATED TO DEVELOPING RESPECTFUL, SELF-MOTIVATED, LIFE-LONG LEARNERS THROUGH A CHALLENGING, INDIVIDUALIZED, MONTESSORI-BASED CURRICULUM. THE CHILDREN CULTIVATE THEIR STRENGTHS TO REACH THEIR UNIQUE POTENTIAL AND TO BECOME ACTIVE PARTICIPANTS IN THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
SUMMIT MONTESSORI SCHOOL IS AN INDEPENDENT SCHOOL FOR CHILDREN ENROLLED FROM PRE-SCHOOL THROUGH SIXTH GRADE THAT OPERATES WITH A MONTESSORI PEDAGOGY.
AFTER-SCHOOL AND SUMMER PROGRAMS - AFTER-SCHOOL CARE PROVIDES ENRICHING, EXTENDED SCHOOL HOURS FOR THOSE CHILDREN WHO ENROLL. THE EXPLORATIONS PROGRAM PROVIDES OPPORTUNITIES TO EXPLORE ACTIVITIES SUCH AS ART OR OTHER VARIOUS PROGRAMS IN-DEPTH. IN ADDITION, THE SCHOOL FURTHER EXTENDED ITS HOURS TO PROVIDE AN EARLY-CARE OPTION FOR PARENTS PROVIDING THE SAME ENRICHING ENVIRONMENT AS THE AFTER-SCHOOL CARE PROGRAM. THE SUMMER PROGRAM PROVIDES THE CHILDREN WITH A SUMMER CAMP EXPERIENCE. THIS PROGRAM INCLUDES BOTH INDOOR AND OUTDOOR ACTIVITIES, AS WELL AS FIELD TRIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Torrence Head Of School | Trustee | 50 | $161,141 |
Kate Salley President | OfficerTrustee | 3 | $0 |
Jeff Esper Treasurer | OfficerTrustee | 5 | $0 |
Kristina Davis Vice President | OfficerTrustee | 5 | $0 |
Joyce Nett Secretary | Trustee | 3 | $0 |
Josh Grossetti Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,524 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,696 |
| Total Program Service Revenue | $1,664,482 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,341 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,119,933 |
| 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. | $176,582 |
| Compensation of current officers, directors, key employees. | $176,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,111,192 |
| Pension plan accruals and contributions | $48,997 |
| Other employee benefits | $93,966 |
| Payroll taxes | $120,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,335 |
| Fees for services: Accounting | $14,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,408 |
| Advertising and promotion | $33,444 |
| Office expenses | $55,589 |
| Information technology | $28,806 |
| Royalties | $0 |
| Occupancy | $134,030 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,862 |
| Interest | $16,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,057 |
| Insurance | $31,706 |
| All other expenses | $13,319 |
| Total functional expenses | $2,093,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,653 |
| 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 | $6,290 |
| Net Land, buildings, and equipment | $2,218,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,333,494 |
| Accounts payable and accrued expenses | $135,143 |
| Grants payable | $0 |
| Deferred revenue | $1,297,756 |
| 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 | $487,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,736 |
| Total liabilities | $1,921,941 |
| Net assets without donor restrictions | $1,137,356 |
| Net assets with donor restrictions | $274,197 |
| 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 | $3,333,494 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Summit Montessori School has recieved totaling $3,626.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $2,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $500 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $150 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $255,509 |
| Earnings | $6 |
| Other Expense | $6 |
| Ending Balance | $255,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Together Education Inc New York, NY | $57,079,543 | $31,828,853 |
St Stephens School Corporation New York, NY | $22,745,119 | $12,506,958 |
Aids Community Resources Syracuse, NY | $5,910,589 | $11,647,992 |