Southwest Montessori Academy
- Assets
- $768.5k
- Revenue
- $414.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Fort Wayne, IN
- Founding
- 04/2014
- Data as of
- 06/2023
- EIN
- 45-5138320
Organization Overview
Southwest Montessori Academy is located in Fort Wayne, IN. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Southwest Montessori Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Montessori Academy 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, Southwest Montessori Academy generated $414.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $332.9k during the year ending 06/2023. While expenses have increased by 12.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE AND INSPIRE THE LOVE OF LEARNING AS EACH CHILD PREPARES FOR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH CHILDREN, FAMILIES AND AN INCLUSIVE COMMUNITY AT OUR CORE, WE LIVE THESE VALUES AND SERVED 43 FAMILIES DURING THE 2022/2023 ACADEMIC YEAR:CREATE AN ENVIRONMENT OF BELONGING AND CONTRIBUTIONENCOURAGE CONFIDENCE, COMPASSION, CURIOSITY, AND RESPECTCULTIVATE SOCIALLY AND ENVIRONMENTALLY MINDFUL CITIZENSPROVIDE A PERSONALIZED EDUCATION DRIVEN BY MONTESSORI PRINCIPLES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karrin Marquell Executive Dir. | Officer | 40 | $46,350 |
John Tod President | OfficerTrustee | 2 | $0 |
Jordan Huttenlocker Past President | OfficerTrustee | 2 | $0 |
Jessica Craft Vice President | OfficerTrustee | 2 | $0 |
Diana Fahrer Past Vice Presi | OfficerTrustee | 2 | $0 |
Amy Stoffel Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,722 |
| Related organizations | $0 |
| Government grants | $1,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,509 |
| Total Program Service Revenue | $341,915 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,337 |
| 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. | $46,349 |
| Compensation of current officers, directors, key employees. | $18,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180 |
| Fees for services: Accounting | $12,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,180 |
| Advertising and promotion | $6,849 |
| Office expenses | $4,692 |
| Information technology | $3,371 |
| Royalties | $0 |
| Occupancy | $56,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,167 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,820 |
| Insurance | $5,414 |
| All other expenses | $389 |
| Total functional expenses | $332,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,250 |
| Accounts receivable, net | $295,104 |
| 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 | $889 |
| Net Land, buildings, and equipment | $56,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $166 |
| Other assets | $7,501 |
| Total assets | $768,506 |
| Accounts payable and accrued expenses | $12,560 |
| Grants payable | $0 |
| Deferred revenue | $323,245 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $335,805 |
| Net assets without donor restrictions | $409,539 |
| Net assets with donor restrictions | $23,162 |
| 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 | $768,506 |