Providence Montessori School Inc
- Assets
- $5.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 98
- Location
- Lexington, KY
- Founding
- 10/1982
- Data as of
- 06/2023
- EIN
- 31-1041787
Organization Overview
Providence Montessori School Inc is located in Lexington, KY. The organization was established in 1982. 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, Providence Montessori School Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence 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 06/2023, Providence Montessori School Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 2.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALILTY EDUCATION TO CHILDREN FROM PRE-SCHOOL THROUGH EIGHTH GRADE EMPLOYING THE MONTESSORI METHOD AND THEORIES OF EDUCATION.
Describe the Organization's Program Activity:
OPERATION OF SCHOOL FOR PRE-SCHOOL THROUGH SIXTH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Young Co Ex. Director | Trustee | 40 | $87,621 |
Joellen Kuhn Co Ex. Director | Trustee | 40 | $84,350 |
Alison Wols Director | Trustee | 0 | $0 |
Lynn Zellen President | Trustee | 0 | $0 |
Andrea Dean Director | Trustee | 0 | $0 |
Aimee Dirksen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $358,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,953 |
| Noncash contributions included in lines 1a–1f | $608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,447 |
| Total Program Service Revenue | $3,426,191 |
| Investment income | $854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,806 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,880,285 |
| 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. | $87,621 |
| Compensation of current officers, directors, key employees. | $87,621 |
| Compensation to disqualified persons | $2,217,106 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $83,895 |
| Other employee benefits | $223,465 |
| Payroll taxes | $167,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,824 |
| Office expenses | $4,051 |
| Information technology | $9,761 |
| 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 | $54,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,665 |
| Insurance | $28,712 |
| All other expenses | $201,969 |
| Total functional expenses | $3,621,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,150 |
| 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 | $2,772,105 |
| Investments—publicly traded securities | $1,014,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,254 |
| Other assets | $2 |
| Total assets | $4,966,122 |
| Accounts payable and accrued expenses | $197,138 |
| Grants payable | $0 |
| Deferred revenue | $557,852 |
| Tax-exempt bond liabilities | $1,212,275 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $143,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,590 |
| Total liabilities | $2,116,185 |
| Net assets without donor restrictions | $2,727,209 |
| Net assets with donor restrictions | $122,728 |
| 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 | $4,966,122 |