Highland Montessori School
- Assets
- $355.5k
- Revenue
- $373.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Austin, TX
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-1734028
Organization Overview
Highland Montessori School is located in Austin, TX. 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, Highland Montessori School employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland 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 06/2023, Highland Montessori School generated $373.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $258.3k during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 3 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
MONTESSORI PRESCHOOL, AGES 2-6, WITH AN EMPHASIS ON MAINTAINING A LOW STUDENT/TEACHER RATIO AND DEVELOPING EMOTIONAL-SOCIAL SKILLS AT THESE YOUNG AGES. HMS SEEKS TO EVENTUALLY SERVE FAMILIES IN NORTH-CENTRAL AUSTIN WHO CANNOT AFFORD A PRIVATE PRE-SCHOOL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HMS EDUCATES YOUNG CHILDREN BASED ON THE PRINCIPLES ESTABLISHED BY DR. MARIA MONTESSORI. HMS INTENDS FOR ITS STUDENTS TO BECOME INDEPENDENT, SELF-AWARE CHILDREN WHO WILL EXCEL AT FUTURE LEVELS OF EDUCATION. TO ACCOMPLISH THIS, HMS EMPHASIZES A MULTI-AGE CLASSROOM AND EMOTIONAL-SOCIAL EDUCATION, EVEN FOR OUR YOUNGEST STUDENTS (2 YRS). WE ARE FURTHER DEDICATED TO THE FAMILIES OF OUR STUDENTS, AND TO BEING GOOD STEWARDS IN OUR NEIGHBORHOOD AND SURROUNDING COMMUNITY. OUR TEACHERS' SKILLS ARE NOT LIMITED TO THE CLASSROOM. THE SCHOOL DIRECTOR ALSO CONDUCTS PARENT WORKSHOPS AND PARENT CONFERENCES. ALL ACTIVITIES DURING THE SCHOOL DAY ARE PROVIDED AT NO CHARGE ABOVE THE MONTHLY TUITION. WORKING WITHIN A SYSTEM THAT PROVIDES A LOW STUDENT-TEACHER RATIO, OUR TEACHERS ARE DEDICATED TO EXPLORING WAYS OF TEACHING IN ORDER TO BETTER SERVE THESE GOALS. 2022-23 WAS THE SCHOOL'S TENTH YEAR IN OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Weller Executive Director And Property Owner | Officer | 50 | $66,914 |
Khuloud Solomon School Director | Officer | 60 | $43,214 |
Chloe Love President, Board Of Directors | OfficerTrustee | 0.5 | $0 |
Don Simoneaux Treasurer, Board Of Directors | OfficerTrustee | 0.5 | $0 |
Cammie Thomson Secretary, Board Of Directors | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,208 |
| Total Program Service Revenue | $248,690 |
| Investment income | $2,207 |
| 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 | $373,105 |
| 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. | $91,490 |
| Compensation of current officers, directors, key employees. | $14,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $349 |
| Information technology | $1,785 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,462 |
| All other expenses | $664 |
| Total functional expenses | $258,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,455 |
| Savings and temporary cash investments | $338,087 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,542 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $24,110 |
| 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 | $6,223 |
| Total liabilities | $30,333 |
| Net assets without donor restrictions | $325,209 |
| 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 | $355,542 |