Montessori Private Academy Inc
- Assets
- $3.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Rockford, IL
- Founding
- 10/1985
- Data as of
- 05/2022
- EIN
- 36-3308426
Organization Overview
Montessori Private Academy Inc is located in Rockford, IL. The organization was established in 1985. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2022, Montessori Private Academy Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Private Academy 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 05/2022, Montessori Private Academy Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 05/2022. While expenses have increased by 1.8% 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
MONTESSORI EDUCATION FOR 2 THROUGH 15 YEAR OLD CHILDREN(PRESCHOOL THROUGH NINTH GRADE)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI PRIVATE ACADEMY IS AN INDEPENDENT PRIVATE SCHOOL OFFERING COMPREHENSIVE EDUCATION FOR CHILDREN AGES 2 TO 15 YEARS OLD IN A CHALLENGING YET NURTURING ENVIRONMENT. CURRENT ENROLLMENT IS APPROXIMATELY 109 STUDENTS.
THE ACADEMY OFFERS ON SITE BEFORE AND AFTER SCHOOL CARE SUPERVISED BY ACADEMY STAFF DURING THE SCHOOL YEAR.
THE ACADEMY OFFERS AN ON SITE 8 WEEK SUMMER CAMP FOR CHILDREN AGES 3 TO 6 SUPERVISED BY ACADEMY STAFF.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Glovsky Executive Di | Officer | 40 | $38,652 |
Jill Faber Interim Head | OfficerTrustee | 25 | $17,050 |
Dawn Monge Vice Preisde | OfficerTrustee | 4 | $0 |
Mark Muccianti Treasurer | OfficerTrustee | 4 | $0 |
Michelle Gullett President | OfficerTrustee | 4 | $0 |
Lindsey Jozefiak Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,921 |
| Total Program Service Revenue | $1,198,531 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,702 |
| Compensation of current officers, directors, key employees. | $55,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $720,395 |
| Pension plan accruals and contributions | $11,659 |
| Other employee benefits | $0 |
| Payroll taxes | $72,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,016 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $1,282 |
| Office expenses | $13,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,157 |
| Insurance | $21,000 |
| All other expenses | $16,768 |
| Total functional expenses | $1,291,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,894 |
| Savings and temporary cash investments | $7,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,665 |
| 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 | $2,222,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,361,335 |
| Accounts payable and accrued expenses | $92,899 |
| Grants payable | $0 |
| Deferred revenue | $531,785 |
| 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 | $1,107,219 |
| Unsecured mortgages and notes payable | $20,770 |
| Other liabilities | $0 |
| Total liabilities | $1,752,673 |
| Net assets without donor restrictions | $1,608,662 |
| 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 | $3,361,335 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Private Academy Inc has recieved totaling $5,628.
| Awarding Organization | Amount |
|---|---|
Amended And Restated Brubaker Charitable Trust Cherry Valley, IL PURPOSE: EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Parent And Child Together - Pact - For West Central Illinois Beardstown, IL | $590,304 | $4,793,491 |
Community Montessori New Albany, IN | $14,363,085 | $5,763,758 |