Montvale Parents Teachers Organization
- Assets
- $112.2k
- Revenue
- $108.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 07/1974
- Data as of
- 06/2023
- EIN
- 23-7382975
Organization Overview
Montvale Parents Teachers Organization is located in Montvale, NJ. The organization was established in 1974. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montvale Parents Teachers Organization 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, Montvale Parents Teachers Organization generated $108.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $108.0k during the year ending 06/2023. While expenses have increased by 6.9% 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 INITIATE AND FOSTER A PROGRAM OF ACTIVITIES IN PURSUIT OF BETTER EDUCATIONAL OPPORTUNITIES, TO CREATE A FIELD OF COMMUNICATION AND UNDERSTANDING BETWEEN HOME AND THE SCHOOL, TO ASSIST AND PARTICIPATE IN SCHOOL ACTIVITIES THROUGH COOPERATION WITH THE ADMINISTRATION AND/BOARD OF EDUCATION, TO HELP SECURE ADEQUATE LAWS FOR THE CARE AND PROTECTION OF THE CHILDREN AND TO PROMOTE AND ENCOURAGE SCHOLASTIC ACHIEVEMENT AND GOOD CITIZENSHIP IN THE CHILDREN OF MEMORIAL ELEMENTARY AND FIELDSTONE MIDDLE SCHOOLS, MONTVALE, NEW JERSEY. THE PTO IS SUPPORTED PRIMARILY THROUGH FUNDRAISERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAM SERVICES RELATED PROVIDED TO APPROX. 900 STUDENTS OF THE MEMORIAL ELEMENTARY SCHOOL AND THE FIELDSTONE MIDDLE SCHOOL.
GIFT OF A DIGITAL SIGN TO THE MONTVALE BOARD OF EDUCATION WHICH WILL DISPLAY DATA FOR THE FIELDSTONE AND MEMORIAL ELEMNTARY SCHOOL.
SCHOLARSHIP AWARDS GIVEN TO STUDENTS OF THE FIELDSTONE MIDDLE SCHOOL AND HIGH SCHOOL FOR STUDENTS OF MONTVALE, N.J.. $1,000 WAS DISBURSED FROM THE ETHEL SLATER ART ENDOWMENT FROM THE NET ASSETS TO A QUALIFIED HIGH SCHOOL STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Connors Co-President | Officer | 5 | $0 |
Arielle Rosa Co-President | Officer | 5 | $0 |
Kristen Barnes Rec. Secretary | Officer | 5 | $0 |
Michelle Gilson Treasurer | Officer | 5 | $0 |
Christine Angrisani Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,329 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,481 |
| Total Program Service Revenue | $48,221 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,038 |
| Total functional expenses | $108,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $112,223 |
| Accounts payable and accrued expenses | $9,371 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,492 |
| Total liabilities | $17,863 |
| Net assets without donor restrictions | $94,360 |
| Net assets with donor restrictions | $0 |
| 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 | $112,223 |
Grants Awarded
Over the last fiscal year, Montvale Parents Teachers Organization has awarded $30,832 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTVALE BD OF ED PURPOSE: MEMORIAL SCHOOL LIBRARY RENOVATIONS | $20,000 |
MONTVALE BD OF ED PURPOSE: 8 OAK TABLES-ART ROOM | $10,832 |