Washington Montessori Inc-A Public Charter School
- Assets
- $8.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Washington, NC
- Founding
- 09/2000
- Data as of
- 06/2022
- EIN
- 56-2180215
Organization Overview
Washington Montessori Inc-A Public Charter School is located in Washington, NC. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Washington Montessori Inc-A Public Charter School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Montessori Inc-A Public Charter School 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, Washington Montessori Inc-A Public Charter School generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 8 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
OPERATION OF A PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN WASHINGTON, NC SERVING APPROXIMATELY 400 STUDENTS IN GRADES K - 12 FOR THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Lawless Board Member | Trustee | 1 | $0 |
Jamie Midgette Chairperson | OfficerTrustee | 3 | $0 |
Lee Anne Sorto Secretary | OfficerTrustee | 1 | $0 |
Matt Holliday Treasurer | OfficerTrustee | 2 | $0 |
Sara Watson Board Member | Trustee | 2 | $0 |
Joseph Knox Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,291 |
| Investment income | $0 |
| 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 | $4,594,486 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,305,076 |
| Pension plan accruals and contributions | $90,228 |
| Other employee benefits | $288,024 |
| Payroll taxes | $179,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,658 |
| Fees for services: Accounting | $8,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,899 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,471 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,833 |
| Insurance | $41,197 |
| All other expenses | $0 |
| Total functional expenses | $4,598,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,642 |
| Savings and temporary cash investments | $215,237 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,070,154 |
| Accounts payable and accrued expenses | $20,007 |
| 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 | $5,288,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,030 |
| Total liabilities | $5,347,180 |
| Net assets without donor restrictions | $2,507,737 |
| Net assets with donor restrictions | $215,237 |
| 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 | $2,722,974 |