Montessori Society Of Central Md Inc
- Assets
- $12.0m
- Revenue
- $4.6m
- Investments
- $233.1k
- Employees
- 79
- Location
- Lutherville, MD
- Founding
- 05/1966
- Data as of
- 06/2021
- EIN
- 52-0821372
Organization Overview
Montessori Society Of Central Md Inc, operating under the name Greenspring Montessori School, is located in Lutherville, MD. The organization was established in 1966. 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 06/2021, Greenspring Montessori School employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenspring 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 06/2021, Greenspring Montessori School generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. 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
IGNITING PURPOSE AND VOICE IN A FULLY ENGAGED LEARNING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES RECEIVED IN EXCHANGE FOR THE EDUCATION OF CHILDREN AT THE PRIMARY, ELEMENTARY, AND MIDDLE SCHOOL LEVELS, FOLLOWING THE PRINCIPLES AND TECHNIQUES ADVOCATED BY THE LATE DR. MARIA MONTESSORI. TUITION AND FEES ARE ALSO RECEIVED IN EXCHANGE FOR THE TRAINING OF MONTESSORI PRIMARY TEACHERS IN ORDER TO FURTHER THE TEACHING PRINCIPLES AND PHILOSOPHY OF DR. MARIA MONTESSORI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Balis Head Of School | Officer | 40 | $196,772 |
Lori Baylin Vice Chair | OfficerTrustee | 2 | $0 |
Mark Berman Chair | OfficerTrustee | 4 | $0 |
Kate Demarest Treasurer | OfficerTrustee | 2 | $0 |
Terri Kellogg Secretary | OfficerTrustee | 2 | $0 |
Nigel Sequeira Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180 |
| Related organizations | $0 |
| Government grants | $624,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,760 |
| Total Program Service Revenue | $3,138,279 |
| Investment income | $22,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,612,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $460,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,200 |
| Compensation of current officers, directors, key employees. | $42,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,653,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,885 |
| Payroll taxes | $131,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,620 |
| Fees for services: Accounting | $25,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,121 |
| Fees for services: Other | $12,138 |
| Advertising and promotion | $8,478 |
| Office expenses | $8,524 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $141,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,619 |
| Insurance | $52,644 |
| All other expenses | $129,949 |
| Total functional expenses | $3,526,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280,176 |
| Savings and temporary cash investments | $125,665 |
| Pledges and grants receivable | $7,042 |
| Accounts receivable, net | $1,895 |
| 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 | $8,022 |
| Net Land, buildings, and equipment | $7,712,671 |
| Investments—publicly traded securities | $907,928 |
| Investments—other securities | $233,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675,747 |
| Total assets | $11,952,234 |
| Accounts payable and accrued expenses | $363,876 |
| Grants payable | $0 |
| Deferred revenue | $1,062,356 |
| Tax-exempt bond liabilities | $3,756,000 |
| 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 | $430,147 |
| Other liabilities | $392,583 |
| Total liabilities | $6,004,962 |
| Net assets without donor restrictions | $5,693,895 |
| Net assets with donor restrictions | $253,377 |
| 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 | $11,952,234 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Society Of Central Md Inc has recieved totaling $28,857.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $28,395 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $462 |
Endowment Analysis
| Beg. Balance | $204,931 |
| Earnings | $55,362 |
| Other Expense | $27,205 |
| Ending Balance | $233,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |