Southlake Montessori
- Assets
- $486.2k
- Revenue
- $637.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Grapevine, TX
- Founding
- 03/2015
- Data as of
- 06/2024
- EIN
- 46-5685413
Organization Overview
Southlake Montessori is located in Grapevine, TX. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Southlake Montessori employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southlake Montessori 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 06/2024, Southlake Montessori generated $637.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $558.6k during the year ending 06/2024. While expenses have increased by 6.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PREMIER, NOT-FOR-PROFIT AMI MONTESSORI PROGRAM THAT FOSTERS THE UNIQUE ACADEMIC, SOCIAL, AND PERSONAL DEVELOPMENT OF EACH STUDENT AND MOTIVATES THEM FOR A LIFETIME OF LEARNING AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AUTHENTIC, AMI-RECOGNIZED MONTESSORI EDUCATION TO CHILDREN AGES THREE TO TWELVE. THEY ARE WITH US FIVE DAYS A WEEK DURING THE SCHOOL YEAR WITH MOST HERE FROM 8A.M.- 3:30 P.M. EACH DAY. WE ALSO PROVIDED FOUR PARENT EDUCATION EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Riordan Headmaster/v | OfficerTrustee | 40 | $42,779 |
Bonnie Hamilton Secretary | Officer | 1 | $0 |
Cristina Scott President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,250 |
| Total Program Service Revenue | $486,282 |
| Investment income | $17,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,914 |
| 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. | $42,779 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,575 |
| Payroll taxes | $23,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $497 |
| Fees for services: Accounting | $6,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,966 |
| Advertising and promotion | $7,857 |
| Office expenses | $10,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,431 |
| Interest | $6,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,877 |
| All other expenses | $2,697 |
| Total functional expenses | $558,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,215 |
| Savings and temporary cash investments | $51,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,088 |
| 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 | $362 |
| Total assets | $486,204 |
| Accounts payable and accrued expenses | $1,912 |
| 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 | $0 |
| Other liabilities | $104,801 |
| Total liabilities | $106,713 |
| Net assets without donor restrictions | $0 |
| 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 | $379,491 |
| Total liabilities and net assets/fund balances | $486,204 |