Springmont School Inc
- Assets
- $9.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Atlanta, GA
- Founding
- 04/1965
- Data as of
- 07/2022
- EIN
- 58-0940357
Organization Overview
Springmont School Inc is located in Atlanta, GA. The organization was established in 1965. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Springmont School Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springmont 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 07/2022, Springmont School Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.2m during the year ending 07/2022. While expenses have increased by 2.7% 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
SPRINGMONT IS A MONTESSORI SCHOOL SERVING CHILDREN FROM 18 MONTHS OLD THROUGH MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EDUCATIONAL ENVIRONMENT FOR CHILDREN UNDER AGE 14 TO ACHIEVE ACADEMIC AND CREATIVE POTENTIAL AS WELL AS BUILD SOCIAL, EMOTIONAL, INTELLECTUAL AND PHYSICAL ABILITIES.
SPRINGMONT OFFERED A PRIMARY AND TODDLER SUMMER CAMP. FAMILIES WERE ABLE TO CHOOSE BETWEEN A HALF DAY AND FULL DAY PROGRAM. EACH WEEK HAS A DIFFERENT THEME AND INCLUDES THEME SPECIFIC ACTIVITIES, ARTS AND CRAFTS, WATER PLAY, AND A SPECIAL GUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Colonna Chair | OfficerTrustee | 1 | $0 |
Mysha Whorley Vice-Chair | OfficerTrustee | 1 | $0 |
Jp Godoi Treasurer | OfficerTrustee | 1 | $0 |
Sheryl Clark Secretary | OfficerTrustee | 1 | $0 |
Will Johnson Trustee | Trustee | 1 | $0 |
Sarah Gard Lazarus Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $630,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $752,229 |
| Total Program Service Revenue | $5,891,042 |
| Investment income | $4,189 |
| 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 | $6,656,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $338,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,263 |
| Compensation of current officers, directors, key employees. | $46,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,917,151 |
| Pension plan accruals and contributions | $46,621 |
| Other employee benefits | $264,957 |
| Payroll taxes | $182,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,628 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,902 |
| Advertising and promotion | $89,254 |
| Office expenses | $163,896 |
| Information technology | $49,045 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,416 |
| Insurance | $72,270 |
| All other expenses | $22,248 |
| Total functional expenses | $5,157,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,730,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,569 |
| 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 | $86,456 |
| Net Land, buildings, and equipment | $4,762,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,581,172 |
| Accounts payable and accrued expenses | $182,775 |
| Grants payable | $0 |
| Deferred revenue | $2,514,803 |
| Tax-exempt bond liabilities | $1,951,534 |
| 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 | $0 |
| Total liabilities | $4,649,112 |
| Net assets without donor restrictions | $4,866,268 |
| Net assets with donor restrictions | $65,792 |
| 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 | $9,581,172 |