Montessori School Of Durham
- Assets
- $6.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 67
- Location
- Durham, NC
- Founding
- 04/1979
- Data as of
- 05/2023
- EIN
- 56-1177140
Organization Overview
Montessori School Of Durham is located in Durham, NC. The organization was established in 1979. 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 05/2023, Montessori School Of Durham employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori School Of Durham 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 05/2023, Montessori School Of Durham generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.0m during the year ending 05/2023. While expenses have increased by 6.7% per year over the past 7 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'S MISSION IS IGNITING PASSION AND CURIOSITY FOR LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTESSORI SCHOOL OF DURHAM PROVIDES A COMPLETE EDUCATION FOR PRE-SCHOOL THROUGH 6TH GRADE. 162 CHILDREN WERE ENROLLED IN THE TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Squires Head Of School | Trustee | 40 | $126,015 |
Robert Renquist President | OfficerTrustee | 0.5 | $0 |
Tyler Curtis Finance Committe Chair | OfficerTrustee | 0.5 | $0 |
Tina Margas Staff Rep | Trustee | 40 | $36,900 |
Cece Fortune-Greeley Member | Trustee | 0.5 | $0 |
Julie Barnes Member | Trustee | 0.5 | $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 | $54,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,279 |
| Total Program Service Revenue | $3,261,826 |
| Investment income | $196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,315,777 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,664,657 |
| Pension plan accruals and contributions | $76,903 |
| Other employee benefits | $233,556 |
| Payroll taxes | $126,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,583 |
| Fees for services: Accounting | $18,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,171 |
| Office expenses | $0 |
| 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 | $155,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,358 |
| Insurance | $29,372 |
| All other expenses | $136,527 |
| Total functional expenses | $2,991,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,950 |
| Savings and temporary cash investments | $1,972,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,550 |
| 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 | $3,674,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,765 |
| Total assets | $5,956,512 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $276,115 |
| 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 | $2,764,741 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,239 |
| Total liabilities | $3,043,095 |
| Net assets without donor restrictions | $940,800 |
| Net assets with donor restrictions | $1,972,617 |
| 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 | $5,956,512 |