Montessori Regional Charter School
- Assets
- $11.7m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 85
- Location
- Erie, PA
- Founding
- 04/2004
- Data as of
- 06/2021
- EIN
- 25-1874995
Organization Overview
Montessori Regional Charter School is located in Erie, PA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Montessori Regional Charter School employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Regional Charter 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 06/2021, Montessori Regional Charter School generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $7.5m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SUPERIOR MONTESSORI PROGRAM OF STUDY THAT WILL DEVELOP LIFELONG LEARNERS. CHILDREN WILL BE PREPARED ACADEMICALLY, EMOTIONALLY, AND SOCIALLY BY CREATING A LOVE OF LEARNING THROUGH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI REGIONAL CHARTER SCHOOL IS A CHARTER SCHOOL GRANTED BY PUBLIC SCHOOL DISTRICTS TO SERVE PUBLIC SCHOOL STUDENTS SEEKING A MONTESSORI BASED EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Binder COO | Officer | 40 | $117,847 |
Michael Estrich Vice President | OfficerTrustee | 1 | $0 |
Vanessa Wilkins Treasurer | OfficerTrustee | 1 | $0 |
Craig Palmer President | OfficerTrustee | 1 | $0 |
Jill Merritt Secretary | OfficerTrustee | 1 | $0 |
Ashley Sullivan Board Member (joined January 2021) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rabe Environmental System Construction | 6/29/21 | $113,751 |
Perry Construction Group Construction | 6/29/21 | $101,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,841,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,842,963 |
| Total Program Service Revenue | $6,585,455 |
| Investment income | $2,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,482,857 |
| 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. | $195,071 |
| Compensation of current officers, directors, key employees. | $68,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,926,011 |
| Pension plan accruals and contributions | $1,484,949 |
| Other employee benefits | $738,209 |
| Payroll taxes | $215,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,645 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,820 |
| Advertising and promotion | $2,579 |
| Office expenses | $286,469 |
| Information technology | $83,515 |
| Royalties | $0 |
| Occupancy | $263,772 |
| Travel | $99,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,724 |
| Interest | $179,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,481 |
| Insurance | $63,958 |
| All other expenses | $9,447 |
| Total functional expenses | $7,483,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,140,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $260,355 |
| Accounts receivable, net | $686,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,179 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,199,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,363,292 |
| Total assets | $11,660,364 |
| Accounts payable and accrued expenses | $1,053,500 |
| Grants payable | $0 |
| Deferred revenue | $13,893 |
| 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 | $4,136,872 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,778,000 |
| Total liabilities | $15,982,265 |
| Net assets without donor restrictions | $0 |
| 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 | -$4,321,901 |
| Total liabilities and net assets/fund balances | $11,660,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montessori Regional Charter School has recieved totaling $314.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |