Montessori Community School Inc
- Assets
- $5.2m
- Revenue
- $4.2m
- Investments
- $70.4k
- Employees
- 62
- Location
- Durham, NC
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 56-1277164
Organization Overview
Montessori Community School Inc is located in Durham, NC. 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 06/2022, Montessori Community School Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Community 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 06/2022, Montessori Community School Inc generated $4.2m 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 $3.9m during the year ending 06/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A VIBRANT MONTESSORI COMMUNITY WITH A DYNAMIC AND RELEVANT CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A VIBRANT MONTESSORI COMMUNITY WHERE TOGETHER, THROUGH OUR DYNAMIC AND RELEVANT CURRICULUM, WE GUIDE STUDENTS TOWARD SELF-DISCOVERY AND THE REALIZATION OF THEIR UNIQUE CONTRIBUTIONS TO THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Park President | OfficerTrustee | 1 | $0 |
Amanda Ingraham Vice President | OfficerTrustee | 1 | $0 |
Jennifer Mallen Secretary | OfficerTrustee | 1 | $0 |
Luke Moland Treasurer | OfficerTrustee | 1 | $0 |
Gerald Coward Trustee | Trustee | 1 | $0 |
Beth Duffy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,819 |
| Related organizations | $0 |
| Government grants | $419,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,361 |
| Total Program Service Revenue | $3,651,014 |
| Investment income | $1,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | $2,665 |
| Net Income from Fundraising Events | -$2,817 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,234,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $429,685 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,436 |
| Compensation of current officers, directors, key employees. | $30,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,963,880 |
| Pension plan accruals and contributions | $35,526 |
| Other employee benefits | $311,305 |
| Payroll taxes | $154,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,500 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,590 |
| Advertising and promotion | $14,955 |
| Office expenses | $23,509 |
| Information technology | $34,800 |
| Royalties | $0 |
| Occupancy | $51,019 |
| Travel | $78,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,185 |
| Insurance | $42,161 |
| All other expenses | $25,844 |
| Total functional expenses | $3,911,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,695 |
| Savings and temporary cash investments | $1,080,675 |
| Pledges and grants receivable | $2,880 |
| Accounts receivable, net | $32,851 |
| 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 | $24,978 |
| Net Land, buildings, and equipment | $3,564,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $70,423 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,493 |
| Total assets | $5,224,485 |
| Accounts payable and accrued expenses | $212,988 |
| Grants payable | $0 |
| Deferred revenue | $643,018 |
| 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 | $1,246,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,204 |
| Total liabilities | $2,118,432 |
| Net assets without donor restrictions | $3,078,030 |
| Net assets with donor restrictions | $28,023 |
| 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 | $5,224,485 |