Washington Montessori Association Inc
- Assets
- $15.5m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 83
- Location
- New Preston, CT
- Founding
- 03/1971
- Data as of
- 06/2022
- EIN
- 23-7100723
Organization Overview
Washington Montessori Association Inc is located in New Preston, CT. The organization was established in 1971. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Washington Montessori Association Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Montessori Association 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 06/2022, Washington Montessori Association Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 4.5% 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
THE ORGANIZATION IS COMMITTED TO EDUCATING PRE-SCHOOL THROUGH 8TH GRADE STUDENTS BY FOCUSING ON DEVELOPING EACH CHILD'S UNIQUE CAPABILITIES UTILIZING A COMMITMENT TO ENHANCING SELF-ESTEEM, RESPONSIBILITY, AND INDEPENDENCE IN THEIR LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY AND SECONDARY SCHOOL WITH AN APPROXIMATE ENROLLMENT OF 267 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Newman Acting Head Of School Trustee | Officer | 40 | $181,000 |
Carol Beebe-Mestel CFO | Officer | 40 | $122,964 |
Laura Martin Ass't Head For Enrollment | 40 | $108,172 | |
Tanya Horgan Chair | OfficerTrustee | 5 | $0 |
Robert Copen Treasurer | OfficerTrustee | 3 | $0 |
Matthew Woodhall Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O&g Industries Inc Services For Wms Athletic Renovation | 6/29/16 | $942,794 |
Natural Playgrounds Services For Wms Natural Playground | 6/29/16 | $117,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,032 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,107 |
| Noncash contributions included in lines 1a–1f | $32,140 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,139 |
| Total Program Service Revenue | $7,349,114 |
| Investment income | $50,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,933 |
| Net Income from Fundraising Events | $30,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,011,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,838,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,419 |
| Compensation of current officers, directors, key employees. | $250,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,024,471 |
| Pension plan accruals and contributions | $50,889 |
| Other employee benefits | $499,454 |
| Payroll taxes | $242,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,598 |
| Fees for services: Accounting | $25,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,065 |
| Fees for services: Other | $21,087 |
| Advertising and promotion | $48,653 |
| Office expenses | $23,161 |
| Information technology | $17,091 |
| Royalties | $0 |
| Occupancy | $327,082 |
| Travel | $194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $132,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $380,541 |
| Insurance | $58,089 |
| All other expenses | $0 |
| Total functional expenses | $7,391,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,979 |
| Savings and temporary cash investments | $743,740 |
| Pledges and grants receivable | $16,911 |
| Accounts receivable, net | $3,893,300 |
| 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 | $102,072 |
| Net Land, buildings, and equipment | $6,948,470 |
| Investments—publicly traded securities | $2,584,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,473,493 |
| Accounts payable and accrued expenses | $60,540 |
| Grants payable | $0 |
| Deferred revenue | $4,549,868 |
| Tax-exempt bond liabilities | $4,133,059 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $447,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,190,860 |
| Net assets without donor restrictions | $5,953,879 |
| Net assets with donor restrictions | $328,754 |
| 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 | $15,473,493 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Washington Montessori Association Inc has recieved totaling $60,175.
| Awarding Organization | Amount |
|---|---|
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021 | $36,925 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,750 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $8,500 |
Endowment Analysis
| Beg. Balance | $2,178,619 |
| Earnings | -$263,058 |
| Net Contributions | $68,753 |
| Ending Balance | $1,984,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Harvey School Katonah, NY | $30,358,551 | $19,988,341 |
Lincoln School Providence, RI | $36,052,997 | $18,197,199 |
The Harley School Rochester, NY | $36,830,266 | $16,619,746 |
Quad Preparatory School New York, NY | $14,717,917 | $18,563,667 |
Amber Charter School New York, NY | $18,229,334 | $20,911,182 |
Green Vale School Old Brookville, NY | $64,002,052 | $17,567,329 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |