Baltimore Montessori Inc
- Assets
- $6.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 89
- Location
- Baltimore, MD
- Founding
- 12/2007
- Data as of
- 06/2023
- EIN
- 20-5520487
Organization Overview
Baltimore Montessori Inc is located in Baltimore, MD. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Baltimore Montessori Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Montessori 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 06/2023, Baltimore Montessori Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. While expenses have increased by 9.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE A LOVE OF LEARNING IN A SMALL FAMILY-LIKE ENVIRONMENT BY PROVIDING AN EXTRAORDINARY AND PROVEN MONTESSORI PUBLIC SCHOOL EXPERIENCE FOR FAMILIES IN BALTIMORE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION/SCHOOL WAS ESTABLISHED TO PROVIDE QUALITY EDUCATION FOR CHILDREN FOLLOWING THE MONTESSORI EDUCATION PHILOSOPHY AND TECHNIQUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Shecter Secretary/former Executive Director | OfficerTrustee | 40 | $87,692 |
Barnett Brooks Board Member | Trustee | 1 | $0 |
Jason Chamberlain Vice-President | OfficerTrustee | 1 | $0 |
Eric Evans Treasurer | OfficerTrustee | 1 | $0 |
Candace Everette Board Member | Trustee | 1 | $0 |
Debrandon Jews Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,605 |
| Related organizations | $0 |
| Government grants | $1,262,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,539,219 |
| Total Program Service Revenue | $7,055,152 |
| Investment income | $5,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,583,625 |
| 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. | $188,350 |
| Compensation of current officers, directors, key employees. | $16,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,317,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $488,734 |
| Payroll taxes | $287,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,286 |
| Advertising and promotion | $15,125 |
| Office expenses | $25,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,644 |
| Insurance | $56,207 |
| All other expenses | $8,687 |
| Total functional expenses | $7,888,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,422,209 |
| Savings and temporary cash investments | $496,937 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $868,849 |
| 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 | $10,170 |
| Net Land, buildings, and equipment | $3,679,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,492,279 |
| Accounts payable and accrued expenses | $122,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,285,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,407,908 |
| Net assets without donor restrictions | $4,947,371 |
| Net assets with donor restrictions | $137,000 |
| 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 | $6,492,279 |