Pinewoods Montessori School Corporation
- Assets
- $895.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Hillsboro, NC
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-1470110
Organization Overview
Pinewoods Montessori School Corporation is located in Hillsboro, NC. The organization was established in 2009. 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 06/2023, Pinewoods Montessori School Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinewoods Montessori School Corporation 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, Pinewoods Montessori School Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 14.5% 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 PROVIDE AN AUTHENTIC MONTESSORI EDUCATION IN WHICH CHILDREN DEVELOP A LOVE OF LEARNING WITHIN A SAFE, PEACEFUL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI SCHOOL FOR APPROXIMATELY 140 CHILDREN FROM PRESCHOOL THROUGH SIXTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Haber Treasurer (7/22 - 01/23) | OfficerTrustee | 2 | $0 |
Bryce Mcdevitt Board Member | Trustee | 2 | $0 |
Cynthia Abaell Brown Secretary (7/22 - 01/23) | OfficerTrustee | 2 | $0 |
Eric Pearsall Board Member (7/22 - 01/23) | Trustee | 2 | $0 |
Jane Freuworth Board Member | Trustee | 2 | $0 |
Janelle Sturtz Treasurer (01/23-Current) | OfficerTrustee | 4 | $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 | $20,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,061 |
| Total Program Service Revenue | $1,646,269 |
| Investment income | $3,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,673,546 |
| 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. | $146,716 |
| Compensation of current officers, directors, key employees. | $22,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $795,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,761 |
| Payroll taxes | $73,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,505 |
| Fees for services: Accounting | $23,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,900 |
| Advertising and promotion | $6,377 |
| Office expenses | $33,362 |
| Information technology | $18,223 |
| Royalties | $0 |
| Occupancy | $249,212 |
| Travel | $13,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,916 |
| Insurance | $9,347 |
| All other expenses | $0 |
| Total functional expenses | $1,666,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,776 |
| Savings and temporary cash investments | $309,672 |
| 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 | $0 |
| Net Land, buildings, and equipment | $347,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,633 |
| Total assets | $895,810 |
| Accounts payable and accrued expenses | $0 |
| 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 | $288,111 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $288,111 |
| Net assets without donor restrictions | $595,199 |
| Net assets with donor restrictions | $12,500 |
| 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 | $895,810 |