May Sands Montessori School Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Key West, FL
- Founding
- 09/1998
- Data as of
- 06/2022
- EIN
- 65-0798013
Organization Overview
May Sands Montessori School Inc, operating under the name May Sands Montessori School, is located in Key West, FL. The organization was established in 1998. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, May Sands Montessori School employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. May Sands Montessori 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, May Sands Montessori School generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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 PROVIDE QUALITY MONTESSORI EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL IN KEY WEST, FL CURRENTLY SERVING 124 STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE, OFFERING A CURRICULUM AND PROGRAM DESIGN THAT IS AUTHENTICALLY GROUNDED IN MONTESSORI PEDAGOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Barras Principal | Officer | 40 | $86,319 |
Christopher Occhiuto President | OfficerTrustee | 5 | $0 |
Chase Hurst Treasurer | OfficerTrustee | 2 | $0 |
James Villegas Secretary | OfficerTrustee | 2 | $0 |
Melissa Trader Vice President | OfficerTrustee | 2 | $0 |
Chad Will Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,793 |
| Related organizations | $0 |
| Government grants | $211,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,162 |
| Total Program Service Revenue | $1,065,448 |
| Investment income | $818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,366,175 |
| 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. | $89,087 |
| Compensation of current officers, directors, key employees. | $23,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,930 |
| Pension plan accruals and contributions | $13,439 |
| Other employee benefits | $111,169 |
| Payroll taxes | $71,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,646 |
| Fees for services: Accounting | $13,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,364 |
| Advertising and promotion | $1,939 |
| Office expenses | $7,452 |
| Information technology | $1,169 |
| Royalties | $0 |
| Occupancy | $2,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,748 |
| Insurance | $9,902 |
| All other expenses | $16,455 |
| Total functional expenses | $1,366,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,067 |
| 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 | $2,109 |
| Net Land, buildings, and equipment | $573,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,269,834 |
| Accounts payable and accrued expenses | $18,426 |
| Grants payable | $0 |
| Deferred revenue | $1,238 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $477,728 |
| Other liabilities | $0 |
| Total liabilities | $497,392 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $772,442 |
| Total liabilities and net assets/fund balances | $1,269,834 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that May Sands Montessori School Inc has recieved totaling $25,536.
| Awarding Organization | Amount |
|---|---|
Cornelia T Bailey Charitable Trust West Palm Beach, FL PURPOSE: ARTS ENRICHMENT PROGRAM | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $536 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Maritime Officers Safety & Education Plan Dania Beach, FL | $9,015,305 | $20,171,131 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Continuing Education Company Palm Coast, FL | $2,142,823 | $4,620,080 |
Spanish American Basic Education And Rehabilitation Inc Saber Miami, FL | $1,202,159 | $3,782,505 |
I E C Social Educational & Humanitarian Aid Inc Orlando, FL | $3,778,105 | $3,335,745 |
Tampa Bay Innovation Hub Inc Tampa, FL | $14,630,343 | $4,568,115 |
Progressive Abilities Support Services Inc Savannah, GA | $457,648 | $2,076,851 |
East Central Georgia Consortium Thomson, GA | $497,694 | $1,856,381 |
Center For Advancement And Study Of International Education Inc Atlanta, GA | $1,260,303 | $2,348,078 |
Veterans Stride Foundaion At Iiop Inc Tampa, FL | $5,050,180 | $1,658,949 |