Montessori Community School Inc
- Assets
- $5.2m
- Revenue
- $3.1m
- Investments
- $82.5k
- Employees
- 57
- Location
- Durham, NC
- Founding
- 08/1981
- Data as of
- 06/2021
- 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 06/2021, Montessori Community School Inc employed 57 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 06/2021, Montessori Community School Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. 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
A VIBRANT MONTESSORI COMMUNITY WITH A DYNAMIC AND RELEVANT CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF CHILDREN USING THE MONTESSORI TEACHING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Daniel Head Of School | OfficerTrustee | 40 | $150,000 |
Lisa Anderson Faculty Representative | Trustee | 37.5 | $57,953 |
Harry Park President | OfficerTrustee | 1 | $0 |
Amanda Ingraham Vice President | OfficerTrustee | 1 | $0 |
Luke Moland Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Mallen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,614 |
| Investment income | $879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,000 |
| Net Gain/Loss on Asset Sales | $1,625 |
| Net Income from Fundraising Events | $6,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,060,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $310,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $234,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,696,722 |
| Pension plan accruals and contributions | $34,867 |
| Other employee benefits | $295,353 |
| Payroll taxes | $136,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,250 |
| Fees for services: Accounting | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,840 |
| Advertising and promotion | $15,064 |
| Office expenses | $16,892 |
| Information technology | $37,389 |
| Royalties | $0 |
| Occupancy | $43,185 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,200 |
| Insurance | $38,696 |
| All other expenses | $0 |
| Total functional expenses | $3,415,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,719 |
| Savings and temporary cash investments | $1,080,417 |
| Pledges and grants receivable | $25 |
| Accounts receivable, net | $16,892 |
| 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 | $90,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $82,535 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,995 |
| Total assets | $5,230,235 |
| Accounts payable and accrued expenses | $209,490 |
| Grants payable | $0 |
| Deferred revenue | $457,116 |
| 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 | $1,763,057 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,310 |
| Total liabilities | $2,430,973 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,799,262 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Community School Inc has recieved totaling $20,749.
| Awarding Organization | Amount |
|---|---|
Alamance Community Foundation Burlington, NC PURPOSE: PROGRAM SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $749 |
Endowment Analysis
| Beg. Balance | $55,265 |
| Earnings | -$571 |
| Admin Expense | $516 |
| Ending Balance | $54,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Niswonger Foundation Greeneville, TN | $22,434,674 | $9,108,493 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
Clarksville Academy Clarksville, TN | $6,723,954 | $6,391,160 |