Montessori Education Fund Inc
- Assets
- $384.9k
- Revenue
- $613.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Richmond, TX
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 45-4458890
Organization Overview
Montessori Education Fund Inc is located in Richmond, TX. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Montessori Education Fund Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Education Fund 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 12/2021, Montessori Education Fund Inc generated $613.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $527.1k during the year ending 12/2021. While expenses have increased by 24.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEFI IS DEDICATED TO A "LONG VIEW" OF EDUCATION: PROVIDING A SOUND FOUNDATION WITH MASTERY OF CONCEPTS WHICH PREPARES THE CHILD TO BE A CONTRIBUTING MEMBER OF HIS/HER SOCIETY FROM EARLY AGE TO ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEFI OPERATES AN ELEMENTARY SCHOOL FOR CHILDREN AGES 6 THROUGH 12 BASED ON THE MONTESSORI PRINCIPLES FOR LEARNING. MARIA MONTESSORI REFERRED TO HER ELEMENTARY PROGRAM AS "COSMIC EDUCATION" UNIFYING THE DISPARATE SUBJECTS INTO A UNIFIED WHOLE. COSMIC EDUCATION IS BROKEN DOWN INTO THE "FIVE GREAT LESSONS" WHICH ARE AN IMPORTANT AND UNIQUE PART OF THE MONTESSORI CURRICULUM. THESE LESSONS ARE BOLD, EXCITING, AND ARE DESIGNED TO AWAKEN A CHILD'S IMAGINATION AND CURIOSITY. CHILDREN ARE STRUCK WITH THE WONDER OF CREATION, THRILLED WITH NEW IDEAS, AND AWED BY THE INVENTIVENESS AND INNOVATION THAT IS PART OF THE HUMAN SPIRIT. FOR MORE INFORMATION SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Rubin-Ayma President Be | OfficerTrustee | 3 | $0 |
Blanca Teran-Smith VP Beg 03.21 | OfficerTrustee | 3 | $0 |
Yadira Hernandez Secretary Be | OfficerTrustee | 2 | $0 |
Barbara Nelson President To | OfficerTrustee | 3 | $0 |
Maria Nass Treasurer 01 | OfficerTrustee | 3 | $0 |
Jennifer Taylor Treasurer To | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,396 |
| Total Program Service Revenue | $523,628 |
| Investment income | $385 |
| 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 | $613,301 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,257 |
| Payroll taxes | $14,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,191 |
| Advertising and promotion | $1,386 |
| Office expenses | $35,807 |
| Information technology | $6,758 |
| Royalties | $0 |
| Occupancy | $215,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $512 |
| Interest | $8,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,209 |
| Insurance | $2,114 |
| All other expenses | $31,563 |
| Total functional expenses | $527,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,210 |
| Savings and temporary cash investments | $271,935 |
| 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 | $1,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,866 |
| Accounts payable and accrued expenses | $6,336 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $175,893 |
| Other liabilities | $36,499 |
| Total liabilities | $218,728 |
| Net assets without donor restrictions | $164,887 |
| Net assets with donor restrictions | $1,251 |
| 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 | $384,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montessori Education Fund Inc has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |