University Montessori School Inc
- Assets
- $559.4k
- Revenue
- $540.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Charlottesville, VA
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 54-1782012
Organization Overview
University Montessori School Inc is located in Charlottesville, VA. The organization was established in 1996. 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 12/2021, University Montessori School Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Montessori School Inc 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 12/2021, University Montessori School Inc generated $540.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $333.3k during the year ending 12/2021. 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
UNIVERSITY MONTESSORI SCHOOL PRIORITIZES SOCIAL AND EMOTIONAL DEVELOPMENT IN AN ENGAGING AND INCLUSIVE ENVIRONMENT. WE NURTURE AND CHALLENGE YOUNG CHILDREN FOLLOWING THE METHODS OF DR. MARIA MONTESSORI TO GUIDE AND INSPIRE CHILD-LEAD LEARNING. OUR EDUCATIONAL FOUNDATION BUILDS AN EMPOWERED AND RESPECTFUL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY MONTESSORI SCHOOL CHOSE TO BECOME A 501 (C)(3) ORGANIZATION TO BETTER MEET ITS GOAL OF CREATING A DIVERSE MONTESSORI SCHOOL SETTING. BY BECOMING A NON-PROFIT ORGANIZATION, CONTRIBUTIONS AND GRANTS WOULD BE MORE EASILY SECURED TO PROVIDE SCHOLARSHIPS AND ADDITIONAL INSTRUCTIONAL EXPERIENCES FOR THE STUDENTS. UMS HAS BEEN A PROUD INTERNATIONAL COMMUNITY SINCE 1978. THE SCHOOL HAS CONTINUED TO EXPAND CULTURAL EXPERIENCES FOR ITS STUDENTS AND HAS CONTINUED TO DIVERSIFY ITS STUDENT POPULATION BY RACE, ETHNIC BACKGROUND AND SOCIO-ECONOMIC STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Heisig Head Of School | Officer | 40 | $43,834 |
Lisa Chang Treasurer | Officer | 1 | $0 |
Cary Oliva Member | Officer | 1 | $0 |
Karen Moulis Member | Officer | 1 | $0 |
Dama Schneider Secretary | Officer | 1 | $0 |
Geeta Ghimirey Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,812 |
| Total Program Service Revenue | $336,388 |
| Investment income | $11 |
| 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 | $540,211 |
| 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. | $43,834 |
| Compensation of current officers, directors, key employees. | $43,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124 |
| Advertising and promotion | $412 |
| Office expenses | $6,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,039 |
| 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 | $10,687 |
| Insurance | $0 |
| All other expenses | $1,197 |
| Total functional expenses | $333,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,036 |
| Savings and temporary cash investments | $3,111 |
| 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 | $324,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $559,401 |
| Accounts payable and accrued expenses | $15,995 |
| 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 | $0 |
| Total liabilities | $15,995 |
| Net assets without donor restrictions | $543,406 |
| 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 | $559,401 |