Montessori Childrens Center Inc
- Assets
- $6.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Clemmons, NC
- Founding
- 00/0000
- Data as of
- 07/2022
- EIN
- 56-1336266
Organization Overview
Montessori Childrens Center Inc is located in Clemmons, NC. The organization was established in 0000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2022, Montessori Childrens Center Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Childrens Center 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 07/2022, Montessori Childrens Center Inc 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 7.7% each year. All expenses for the organization totaled $3.1m during the year ending 07/2022. While expenses have increased by 8.0% 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
TO OPERATE A SCHOOL IN FORSYTH COUNTY, NORTH CAROLINA USING THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI EDUCATION PROGRAM INCLUDING BEFORE AND AFTER SCHOOL CARE AND SUMMER PROGRAMS. THE SCHOOL SERVES CHILDREN FROM 18 MONTHS THROUGH 15 YEARS OF AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Churn Outgoing Head Of School | Officer | 40 | $101,322 |
Kristen Holder President | OfficerTrustee | 2 | $0 |
Lauren Mcconville Vice President | OfficerTrustee | 1 | $0 |
Daniel Yohannes Secretary | OfficerTrustee | 1 | $0 |
John Carstens Treasurer | OfficerTrustee | 1 | $0 |
Nicole Royer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $341,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,445 |
| Noncash contributions included in lines 1a–1f | $3,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,430 |
| Total Program Service Revenue | $2,883,654 |
| Investment income | $388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,381 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,331,205 |
| 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. | $101,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,821,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,721 |
| Payroll taxes | $138,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,563 |
| Fees for services: Accounting | $19,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,791 |
| Advertising and promotion | $22,005 |
| Office expenses | $25,553 |
| Information technology | $17,640 |
| Royalties | $0 |
| Occupancy | $126,422 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,318 |
| Interest | $38,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,741 |
| Insurance | $37,360 |
| All other expenses | $45,842 |
| Total functional expenses | $3,124,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,368 |
| Savings and temporary cash investments | $447,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,745,861 |
| 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 | $75,011 |
| Net Land, buildings, and equipment | $4,244,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,995 |
| Total assets | $6,891,086 |
| Accounts payable and accrued expenses | $128,586 |
| Grants payable | $0 |
| Deferred revenue | $2,499,690 |
| Tax-exempt bond liabilities | $2,360,101 |
| 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 | $52,284 |
| Total liabilities | $5,040,661 |
| Net assets without donor restrictions | $1,850,425 |
| 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 | $6,891,086 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Childrens Center Inc has recieved totaling $50,113.
| Awarding Organization | Amount |
|---|---|
Brown Foundation Inc Houston, TX PURPOSE: ANNUAL FUND | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $113 |
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 |