Grumman Hill Montessori Association
- Assets
- $4.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Wilton, CT
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 06-0806565
Organization Overview
Grumman Hill Montessori Association is located in Wilton, CT. The organization was established in 1992. 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, Grumman Hill Montessori Association employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grumman Hill Montessori Association 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, Grumman Hill Montessori Association generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. 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 ASSOCIATION EXISTS TO PROMOTE THE PRINCIPLE AND PRACTICES OF MONTESSORI EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION EXISTS TO PROMOTE THE PRINCIPLE AND PRACTICES OF MONTESSORI EDUCATION BY PROVIDING AN A.M.I. MONTESSORI ACCREDITED SCHOOL, OPERATING FULL-DAY FOR APPROXIMATELY 135 CHILDREN AGES 1 1/2 THROUGH EIGHTH GRADE IN THE FAIRFIELD COUNTY CONNECTICUT AREA. THE FOCUS IS TO EXTEND THE SCHOOL'S FACILITIES TO FAMILIES OF MULTI-EHTNIC, MULTI-ECONOMIC BACKGROUNDS AND THE STUDY OF MONTESSORI PHILOSOPHY.
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 |
|---|---|---|---|
Lisa Potter Head Of School | OfficerTrustee | 40 | $187,771 |
Wanda Stockfisch Business Manager | OfficerTrustee | 40 | $117,270 |
Cynthia A Dineen It Director | 40 | $100,876 | |
Laura Case Secretary | OfficerTrustee | 5 | $3,750 |
Sharon Grace President | OfficerTrustee | 5 | $0 |
Alfonsina Betancourt Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,703 |
| Related organizations | $0 |
| Government grants | $3,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,750 |
| Total Program Service Revenue | $3,069,898 |
| Investment income | $49,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,557 |
| Net Income from Fundraising Events | $29,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,575,788 |
| 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. | $405,917 |
| Compensation of current officers, directors, key employees. | $117,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $257,008 |
| Payroll taxes | $142,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,529 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,290 |
| Advertising and promotion | $10,322 |
| Office expenses | $35,860 |
| Information technology | $66,215 |
| Royalties | $0 |
| Occupancy | $202,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,466 |
| Insurance | $31,602 |
| All other expenses | $2,910 |
| Total functional expenses | $2,891,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,918 |
| Savings and temporary cash investments | $708,683 |
| Pledges and grants receivable | $3,683 |
| Accounts receivable, net | $22,134 |
| 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 | $7,568 |
| Net Land, buildings, and equipment | $1,555,338 |
| Investments—publicly traded securities | $2,145,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,858,178 |
| Accounts payable and accrued expenses | $385,750 |
| Grants payable | $0 |
| Deferred revenue | $236,080 |
| 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 | $0 |
| Total liabilities | $621,830 |
| Net assets without donor restrictions | $2,012,593 |
| Net assets with donor restrictions | $2,223,755 |
| 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 | $4,858,178 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grumman Hill Montessori Association has recieved totaling $8,331.
| Awarding Organization | Amount |
|---|---|
Newmans Own Foundation Westport, CT PURPOSE: PRIMARY PROGRAM | $5,000 |
Foster-Davis Foundation Inc Greenwich, CT PURPOSE: SUPPORT ORGANIZATIONS MISSION | $2,000 |
Newcity Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $331 |
Endowment Analysis
| Beg. Balance | $2,522,740 |
| Earnings | -$390,248 |
| Net Contributions | $10,264 |
| Ending Balance | $2,142,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |