Rochester Montessori School Inc
- Assets
- $4.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Rochester, MN
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 41-0948042
Organization Overview
Rochester Montessori School Inc is located in Rochester, MN. The organization was established in 1969. 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, Rochester Montessori School Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester 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, Rochester Montessori School Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 1.4% 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
GUIDE THE CHILD THROUGH A PREPARED ENVIRONMENT TO BECOME AN INDEPENDENT THINKER WHO IS RESPONSIBLE, RESPECTFUL AND COMPASSIONATE TO SELF, COMMUNITY AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL INSTRUCTS A REGULARLY ENROLLED BODY OF STUDENTS ACCORDING TO THE MONTESSORI PHILOSOPHY AND INTERNATIONAL BACCALAUREATE PRINCIPLES USING A STRUCTURED CURRICULUM. THE SCHOOL PROVIDES REGULAR, SCHOOL-YEAR EDUCATION INCLUDING BEFORE AND AFTER SCHOOL ACTIVITIES TO AN AVERAGE OF 31 PART TIME AND 185 FULL TIME STUDENTS BASED ON THE PUBLIC SCHOOL CALENDAR. AN ADDITIONAL EIGHT-WEEK LONG SUMMER SCHOOL PROGRAM IS ALSO PROVIDED TO AN AVERAGE OF 50 STUDENTS PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rim Jarjes Board Member | Trustee | 1 | $0 |
Jidong Zhang Board Member | Trustee | 1 | $0 |
Carolyn Newman Naranjo Secretary | Trustee | 1 | $0 |
Kellie Mueller Board President | OfficerTrustee | 2 | $0 |
Camila Hallemeier Vice President | OfficerTrustee | 2 | $0 |
Lili Herbert Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $395,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,552 |
| Total Program Service Revenue | $2,585,842 |
| Investment income | $5,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,081,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,470 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,035 |
| Compensation of current officers, directors, key employees. | $3,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,510,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,580 |
| Payroll taxes | $108,512 |
| Fees for services: Management | $4,232 |
| Fees for services: Legal | $578 |
| Fees for services: Accounting | $27,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,244 |
| Office expenses | $14,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,236 |
| Interest | $74,902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,358 |
| Insurance | $13,593 |
| All other expenses | $28,467 |
| Total functional expenses | $2,441,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,627,356 |
| Savings and temporary cash investments | $467,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,265 |
| 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 | $11,625 |
| Net Land, buildings, and equipment | $2,643,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,777,784 |
| Accounts payable and accrued expenses | $219,625 |
| Grants payable | $0 |
| Deferred revenue | $310,565 |
| 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 | $1,853,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,500 |
| Total liabilities | $2,510,409 |
| Net assets without donor restrictions | $2,223,631 |
| Net assets with donor restrictions | $43,744 |
| 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 | $4,777,784 |