Montgomery School
- Assets
- $11.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 89
- Location
- Chester Springs, PA
- Founding
- 02/1939
- Data as of
- 06/2022
- EIN
- 23-1352662
Organization Overview
Montgomery School is located in Chester Springs, PA. The organization was established in 1939. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Montgomery School employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery 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 06/2022, Montgomery School generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. 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
NON-PROFIT INDEPENDENT SCHOOL DEDICATED TO THE EDUCATION OF STUDENTS IN MIND, BODY AND CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN PRE-KINDERGARDEN THROUGH GRADE 8. IN THE ACADEMIC YEAR 2021-22, MONTGOMERY SCHOOL ENROLLED 263 STUDENTS FROM CHESTER COUNTY AND OTHER AREAS IN THE COMMONWEALTH OF PENNSYLVANIA. IN ADDITION, THE SCHOOL PROVIDES PRESCHOOL (NEW IN 2021-22) AND EXTENDED DAY PROGRAMS.
FACILITIES RENTAL PROGRAM: FACILITIES ARE RENTED OUT TO COMMUNITY GROUPS WHO ARE ALIGNED WITH MONTGOMERY SCHOOL'S MISSION, FOR ATHLETICS, ARTS, AND MEETINGS.
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 |
|---|---|---|---|
Staci Williams Seeley Chair | OfficerTrustee | 2 | $0 |
Patricia Dahm Vice Chair | OfficerTrustee | 1 | $0 |
Douglas Gessl Treasurer | OfficerTrustee | 1 | $0 |
Christine M Whaley Secretary | OfficerTrustee | 1 | $0 |
Alexander F Cabot Trustee | Trustee | 1 | $0 |
Niall T Doherty Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,792 |
| Related organizations | $0 |
| Government grants | $37,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,203 |
| Noncash contributions included in lines 1a–1f | $101,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,992 |
| Total Program Service Revenue | $6,470,903 |
| Investment income | $26,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,213,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $1,500,788 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,106 |
| Compensation of current officers, directors, key employees. | $206,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,805,354 |
| Pension plan accruals and contributions | $44,437 |
| Other employee benefits | $652,143 |
| Payroll taxes | $213,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,276 |
| Fees for services: Accounting | $88,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,538 |
| Advertising and promotion | $78,401 |
| Office expenses | $128,132 |
| Information technology | $168,517 |
| Royalties | $0 |
| Occupancy | $82,331 |
| Travel | $877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,457 |
| Insurance | $84,943 |
| All other expenses | $115,097 |
| Total functional expenses | $7,561,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,451 |
| Savings and temporary cash investments | $1,217,614 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $2,870,135 |
| 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 | $228,894 |
| Net Land, buildings, and equipment | $6,004,051 |
| Investments—publicly traded securities | $759,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,467,190 |
| Accounts payable and accrued expenses | $416,864 |
| Grants payable | $0 |
| Deferred revenue | $3,300,290 |
| Tax-exempt bond liabilities | $1,937,962 |
| 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 | $5,655,116 |
| Net assets without donor restrictions | $5,480,033 |
| Net assets with donor restrictions | $332,041 |
| 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 | $11,467,190 |