Montessori School Of Mclean
- Assets
- $15.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Mclean, VA
- Founding
- 11/1981
- Data as of
- 07/2023
- EIN
- 54-0946800
Organization Overview
Montessori School Of Mclean is located in Mclean, VA. The organization was established in 1981. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Montessori School Of Mclean employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori School Of Mclean 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 07/2023, Montessori School Of Mclean generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.6m during the year ending 07/2023. While expenses have increased by 5.5% per year over the past 8 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 BASED EDUCATION OF TODDLER, PRESCHOOL AND ELEMENTARY AGE CHILDREN. ALSO PROVIDE TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN - TODDLERS - AGES 2 TO 3 YEARS, PRE SCHOOL STARTING AT THE AGE OF 2 YEARS 9 MONTHS THROUGH KINDERGARTEN AND STUDENTS FROM GRADE 1ST THRU 6TH. ENROLLMENT IS APPROXIMATELY 215.
TRANSPORTATION OF CHILDREN TO AND FROM SCHOOL AND ON VARIOUS FIELD TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan M Parasine Director/pres | OfficerTrustee | 1 | $0 |
Thomas Le Grand Business Head/v.p. | OfficerTrustee | 60 | $119,500 |
Sara Rychener Member At Large | Trustee | 0.6 | $0 |
Ethel Seneca Member At Large | Trustee | 0.6 | $0 |
Shawn Pastor Member At Large | Trustee | 0.8 | $0 |
Kathy Mcneill Member At Large | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,449 |
| Total Program Service Revenue | $4,715,879 |
| Investment income | $108,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,071,547 |
| 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. | $238,370 |
| Compensation of current officers, directors, key employees. | $119,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,810,452 |
| Pension plan accruals and contributions | $867,389 |
| Other employee benefits | $107,615 |
| Payroll taxes | $150,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,729 |
| Fees for services: Accounting | $113,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,783 |
| Office expenses | $9,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $363,331 |
| Travel | $14,495 |
| 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 | $80,355 |
| Insurance | $47,075 |
| All other expenses | $160,122 |
| Total functional expenses | $4,627,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,973 |
| Savings and temporary cash investments | $7,227,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,119 |
| 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 | $8,454,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,565 |
| Other assets | $61,877 |
| Total assets | $15,894,095 |
| Accounts payable and accrued expenses | $47,527 |
| 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 | $5,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,425,839 |
| Total liabilities | $7,723,366 |
| Net assets without donor restrictions | $8,170,729 |
| 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 | $15,894,095 |