Lexington Montessori School Inc
- Assets
- $645.7k
- Revenue
- $681.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Lexington, KY
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 31-0992872
Organization Overview
Lexington Montessori School Inc is located in Lexington, KY. The organization was established in 1980. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Lexington Montessori School Inc employed 27 individuals. This organization is the central organization for a national or regional group of organizations. Lexington Montessori School 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, Lexington Montessori School Inc generated $681.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $521.9k during the year ending 06/2022. While expenses have increased by 2.0% 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
PROVIDE EDUCATIONAL RESOURCES THROUGH THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL RESOURCES THROUGH THE MONTESSORI METHOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randilynn Tucker Director | Trustee | 40 | $61,116 |
Laura Childs Director | Trustee | 10 | $0 |
Chuck Kemp Director | Trustee | 10 | $0 |
Sam Collins Treasurer | OfficerTrustee | 10 | $0 |
Sadie Norris Secretary | OfficerTrustee | 10 | $0 |
Geoff Koetsch Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,568 |
| Total Program Service Revenue | $502,376 |
| Investment income | $1,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,569 |
| 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. | $61,116 |
| Compensation of current officers, directors, key employees. | $61,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,149 |
| Pension plan accruals and contributions | $4,646 |
| Other employee benefits | $52,526 |
| Payroll taxes | $24,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,127 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,700 |
| 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 | $4,962 |
| Insurance | $7,129 |
| All other expenses | $7,026 |
| Total functional expenses | $521,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,482 |
| 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 | $0 |
| Net Land, buildings, and equipment | $42,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,301 |
| Total assets | $645,683 |
| Accounts payable and accrued expenses | $4,699 |
| Grants payable | $0 |
| Deferred revenue | $18,080 |
| 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 | $6,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,079 |
| Net assets without donor restrictions | $616,604 |
| 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 | $645,683 |