William Holmes Mcguffey School Foundation
- Assets
- $732.1k
- Revenue
- $812.0k
- Investments
- $0.0
- Employees
- 46
- Location
- Cincinnati, OH
- Founding
- 07/1983
- Data as of
- 06/2024
- EIN
- 31-1062301
Organization Overview
William Holmes Mcguffey School Foundation, operating under the name Mcguffey Montessori School, is located in Cincinnati, OH. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Mcguffey Montessori School employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcguffey Montessori 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 06/2024, Mcguffey Montessori School generated $812.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $758.8k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MCGUFFEY MONTESSORI SCHOOL IS LOCATED IN OXFORD, OHIO. WHEN THE MIAMI UNIVERSITY LAB SCHOOL CLOSED IN 1983, A HANDFUL OF STAFF AND PARENTS FOUNDED MCGUFFEY FOUNDATION SCHOOL. NOW THE MCGUFFEY MONTESSORI SCHOOL, IT IS A PRIVATELY RUN SCHOOL, EDUCATING STUDENTS IN PRESCHOOL THROUGH HIGH SCHOOL. INNOVATIVE ACADEMIC PROGRAMS, A LOW STUDENT-TO-TEACHER RATIO, HANDS-ON EXPLORATION AND DISCOVERY, EXTENSIVE FIELD TRIPS, AND CREATIVE CONTRIBUTIONS FROM THE LARGER COMMUNITY MAKE THE MCGUFFEY LEARNING EXPERIENCE UNIQUE, COMPELLING, EFFECTIVE-AND FUN. AT MCGUFFEY MONTESSORI SCHOOL, YOU WILL SEE SOLID BASIC EDUCATION WITH A TWIST: KINDERGARTNERS DOING COMPLEX SCIENCE EXPERIMENTS AND INTERACTIVE SCIENCE EXPERIMENTS AND REAL-LIFE INDUSTRIAL ARTS, INDIVIDUAL INSTRUCTION COMPLEMENTED BY MIXED-GRADE STUDY PARTNERS, AND WORKSHOPS WITH VISITING AND RESIDENT ARTISTS. IN CLASS AFTER CLASS, YOU WILL FIND SECURE ACADEMIC STRUCTURE WITH SUPPORTED SPONTANEITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRE-SCHOOL, AND REGULAR PROGRAM CONTINUED TO DO WELL. REVENUE AND EXPENSES ARE INCLUDED IN TOTAL PROGRAM REVENUE AND EXPENSE.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Hawthorne Head Of School | Officer | 50 | $93,768 |
Mike Desmier Business Manager | Officer | 5 | $7,200 |
Anne Collins Chair | Trustee | 2 | $0 |
Emily Legg Trustee | Trustee | 2 | $0 |
Neal Sullivan Treasurer | Trustee | 2 | $0 |
Kristen Sullivan Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,388 |
| Related organizations | $0 |
| Government grants | $233,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,048 |
| Total Program Service Revenue | $474,648 |
| Investment income | $5,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $811,988 |
| 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. | $95,154 |
| Compensation of current officers, directors, key employees. | $95,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,689 |
| Pension plan accruals and contributions | $28,576 |
| Other employee benefits | $6,922 |
| Payroll taxes | $42,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,106 |
| Office expenses | $26,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,392 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,146 |
| Insurance | $14,434 |
| All other expenses | $36 |
| Total functional expenses | $758,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,100 |
| Savings and temporary cash investments | $129,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,840 |
| 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 | $257,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $732,122 |
| Accounts payable and accrued expenses | $16,346 |
| 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 | $79,046 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $341,509 |
| Total liabilities | $436,901 |
| Net assets without donor restrictions | $295,221 |
| 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 | $732,122 |