International Montessori School Inc
- Assets
- $5.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Durham, NC
- Founding
- 07/2005
- Data as of
- 06/2020
- EIN
- 56-2252150
Organization Overview
International Montessori School Inc is located in Durham, NC. The organization was established in 2005. 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, International Montessori School Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Montessori 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 06/2020, International Montessori School Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.5m during the year ending 06/2020. While expenses have increased by 4.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL MONTESSORI SCHOOL (IMS) IS A PRIVATE NOT-FOR-PROFIT SCHOOL WHICH OFFERS AN EDUCATION THAT COMBINES FOREIGN LANGUAGE IMMERSION WITH A SOLID ACADEMIC FOUNDATION IN THE MONTESSORI TRADITION FOR CHILDREN AGES 18 MONTHS TO 12 (TOLLDER THROUGH 6TH GRADE).OUR MISSION IS TO FOSTER CURIOUS AND CONFIDENT STUDENTS WHO IMBRACE DIVERSITY AND HAVE A POSITIVE IMPACT ON THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMS WAS ESTABLISHED IN 1996, WITH THE MISSION TO PREPARE CHILDREN FOR SUCCESS IN AN INCREASINGLY GLOBAL SOCIETY BY BECOMING CONTRIBUTING, BILINGUAL CITIZENS. THE INTERNATIONAL MONTESSORI SCHOOL (IMS) IS A LANGUAGE IMMERSION MONTESSORI SCHOOL OFFERING TRACKS IN FRENCH, SPANISH, AND MANDARIN CHINESE FOR CHILDREN REGARDLESS OF RACE, OR NATIONAL OR ETHNIC ORIGIN. IMS SERVICED 109 STUDENT FROM TODDLERS THROUGH 6TH GRADE IN 3 DIFFERENCE LANGUAGE TRACKS, FRENCH (38 STUDENTS), SPANISH (38 STUDENTS), & CHINESE (29 STUDENTS. THE TODDLER PROGRAM SERVED 4 STUDENTS.
IMS RUNS ADDITIONAL PROGRAMS TO SUPPORT SCHOOL STUDENTS INCLUDING AN AFTER SCHOOL PROGRAM, A BEFORE SCHOOL EARLY DROP OFF PROGRAM AND A SUMMER CAMP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Bailey Head Of School | Officer | 40 | $90,335 |
Evan Dodds Member/chair | OfficerTrustee | 10 | $0 |
Whit Scott Secretary | OfficerTrustee | 10 | $0 |
Kelly Ritch Member/vice Chair | OfficerTrustee | 10 | $0 |
Kirk Kieffer Member | Trustee | 10 | $0 |
Parker Stockdale Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,897 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,681 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,892,066 |
| 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. | $103,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $886,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,270 |
| Payroll taxes | $74,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,050 |
| Advertising and promotion | $6,932 |
| Office expenses | $17,962 |
| Information technology | $22,649 |
| Royalties | $0 |
| Occupancy | $128,181 |
| Travel | $31 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,487 |
| Insurance | $17,925 |
| All other expenses | $0 |
| Total functional expenses | $1,540,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,182 |
| Savings and temporary cash investments | $577,154 |
| 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 | $1,226 |
| Investments—publicly traded securities | $5,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,597 |
| Other assets | $0 |
| Total assets | $5,841,181 |
| Accounts payable and accrued expenses | $19,102 |
| Grants payable | $0 |
| Deferred revenue | $692,257 |
| 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 | $3,807,015 |
| Unsecured mortgages and notes payable | $210,826 |
| Other liabilities | $5,164 |
| Total liabilities | $4,734,364 |
| 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 | $1,106,817 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that International Montessori School Inc has recieved totaling $22,851.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,748 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $603 |
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 |