Midland Montessori School Inc
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Midland, TX
- Founding
- 03/2000
- Data as of
- 07/2022
- EIN
- 75-2771791
Organization Overview
Midland Montessori School Inc is located in Midland, TX. The organization was established in 2000. 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, Midland Montessori School Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland 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 07/2022, Midland Montessori School Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.3m during the year ending 07/2022. While expenses have increased by 3.5% 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
MIDLAND MONTESSORI SCHOOL STRIVES TO PROVIDE AN ENGAGING, WELL-EQUIPPED MONTESSORI COMMUNITY WHERE NURTURE AND GUIDANCE FROM QUALIFIED TEACHERS LEADS CHILDREN TO SELF-DISCIPLINE, CONFIDENCE AND A LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL THAT OFFERS PRESCHOOL AND ELEMENTARY CLASSES IN A UNIQUE LEARNING ENVIRONMENT THAT IS GEARED TO EACH INDIVIDUAL STUDENT'S LEVEL OF READINESS. THE CURRICULUM OF THE SCHOOL IS DIVIDED INTO FOUR BASIC AREAS: PRACTICAL LIFE, SENSORIAL, LANGUAGE AND MATHEMATICS. THE CURRICULUM ALSO INCLUDES SPANISH, MUSIC, SCIENCE, AND SOCIAL STUDIES. ALL ACTIVITIES ARE DESIGNED TO BUILD CONCENTRATION AND DEVELOP COORDINATION, SELF-DISCIPLINE, AND CONFIDENCE. THERE WERE 157 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Luke Executive Di | OfficerTrustee | 40 | $94,612 |
Paul Morrow Vice Preside | OfficerTrustee | 0.35 | $0 |
Shannon Weisenfels Secretary | OfficerTrustee | 0.35 | $0 |
Anthony Speer President | OfficerTrustee | 0.46 | $0 |
Marcia Walker Treasurer | OfficerTrustee | 0.58 | $0 |
Phillip Douget Board Member | Trustee | 0.35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,056 |
| Noncash contributions included in lines 1a–1f | $5,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,056 |
| Total Program Service Revenue | $1,249,150 |
| Investment income | $21,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,493 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,388,362 |
| 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. | $97,154 |
| Compensation of current officers, directors, key employees. | $15,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $897,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,184 |
| Payroll taxes | $77,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,455 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,740 |
| Office expenses | $2,750 |
| Information technology | $5,300 |
| Royalties | $0 |
| Occupancy | $30,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,007 |
| Insurance | $16,805 |
| All other expenses | $10,967 |
| Total functional expenses | $1,307,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,262 |
| Savings and temporary cash investments | $1,496,829 |
| 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 | $2,400 |
| Net Land, buildings, and equipment | $835,836 |
| Investments—publicly traded securities | $26,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,438,548 |
| Accounts payable and accrued expenses | $17,396 |
| Grants payable | $0 |
| Deferred revenue | $603,955 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $621,351 |
| Net assets without donor restrictions | $1,794,478 |
| Net assets with donor restrictions | $22,719 |
| 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 | $2,438,548 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Midland Montessori School Inc has recieved totaling $70,016.
| Awarding Organization | Amount |
|---|---|
Morrow Family Foundation Inc Mckinney, TX PURPOSE: OPERATIONS | $60,000 |
Paul And Katherine Morrow Family Foundation Midland, TX PURPOSE: OPERATIONS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Endowment Analysis
| Beg. Balance | $30,593 |
| Earnings | -$2,826 |
| Admin Expense | $1,546 |
| Ending Balance | $26,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |