Princeton Montessori Society
- Assets
- $8.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Princeton, NJ
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 22-1853399
Organization Overview
Princeton Montessori Society is located in Princeton, NJ. The organization was established in 1969. 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, Princeton Montessori Society employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Montessori Society 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, Princeton Montessori Society generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 3.5% 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
ORGANIZATIONS MISSION (PAGE 1, PART I, LINE 1 & PAGE 2, PART III, LINE 1): PRINCETON MONTESSORI SOCIETY IS DEDICATED TO DEVELOPING PASSION AND NURTURING POTENTIAL IN EACH CHILD, THROUGH THE VALUES AND PRINCIPLES OF THE MONTESSORI PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 STRATEGIC PLAN - EDUCATION: ENSURE ALL PROGRAMS OFFER THE HIGHEST QUALITY EDUCATION ACCORDING TO MONTESSORI STANDARDS. ENSURE UPPER SCHOOL USES 21ST CENTURY BEST PRACTICES AND MEASURES AND COMMUNICATES STUDENT OUTCOMES.OUTCOME: INCREASED INNOVATION, QUALITY ASSURANCE COMMUNICATION, FULL ENROLLMENT, AND INCREASED DIVERSITY AND INCLUSION. (CONTINUED SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Morrison Executive Director | Officer | 40 | $151,046 |
Dale Santos Former Director Of Finance | 40 | $110,970 | |
Chance Van Sciver Board Of Director | Trustee | 2 | $0 |
Justin Yi Board Of Director | Trustee | 2 | $0 |
Rita Zitterberg Board Of Director | Trustee | 2 | $0 |
Caroline Scriven Board Of Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,309 |
| Total Program Service Revenue | $8,592,383 |
| Investment income | $11,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,795,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $1,554,984 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,016 |
| Compensation of current officers, directors, key employees. | $183,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,539,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $395,242 |
| Payroll taxes | $279,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,751 |
| Advertising and promotion | $9,133 |
| Office expenses | $59,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,117 |
| Travel | $57,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $226,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547,056 |
| Insurance | $57,965 |
| All other expenses | $162,569 |
| Total functional expenses | $8,498,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,888 |
| Savings and temporary cash investments | $2,121,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,319 |
| 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 | $48,662 |
| Net Land, buildings, and equipment | $5,329,094 |
| Investments—publicly traded securities | $16,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $342,055 |
| Total assets | $8,329,429 |
| Accounts payable and accrued expenses | $333,407 |
| Grants payable | $0 |
| Deferred revenue | $2,283,702 |
| 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 | $6,441,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,860 |
| Total liabilities | $9,072,658 |
| Net assets without donor restrictions | -$796,229 |
| Net assets with donor restrictions | $53,000 |
| 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 | $8,329,429 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Princeton Montessori Society has recieved totaling $20,768.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,270 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $300 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
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 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |
Washington Market School New York, NY | $36,001,590 | $10,094,278 |
Morris And Rose Caskey Torah Academy Of Greater Philadelphia Wynnewood, PA | $19,605,172 | $11,408,583 |
Princeton Montessori Society Princeton, NJ | $8,329,429 | $8,795,588 |
Greater Brunswick Regional Charter School New Brunswick, NJ | $10,553,733 | $8,313,208 |