Monarch Montessori School
- Assets
- $56.9k
- Revenue
- $232.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Saint Paul, MN
- Founding
- 12/2019
- Data as of
- 08/2023
- EIN
- 84-2113997
Organization Overview
Monarch Montessori School is located in Saint Paul, MN. The organization was established in 2019. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Monarch Montessori School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch 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 08/2023, Monarch Montessori School generated $232.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $265.5k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MONARCH IS NURTURING SCHOOL GROUNDED IN MONTESSORI PEDAGOGY ACCESSIBLE TO FAMILIES OF ALL INCOMES THAT PLACES THE NEEDS OF THE CHILDREN FIRST. WE PROVIDE QUALITY EARLY CHILDHOOD CARE AND EDUCATION FOR CHILDREN AGES 33 MONTHS TO 6 YEARS. WE OFFER RESOURCES TO PARENTS AND CAREGIVERS TO BRIDGE THE GAP BETWEEN HOME AND SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONARCH PROVIDED PRESCHOOL FOR 20 CHILDREN WITH 30% OF FAMILIES RECEIVING TUITION ASSISTANCE. OUR PROGRAM RECEIVED A FOUR STAR DESIGNATION BY PARENT AWARE MINNESOTA THE HIGHEST RATING POSSIBLE.
MONARCH HELPED OPERATE A FAMILY RESOURCE CENTER FOR FAMILIES WITH YOUNG CHILDREN PROGRAMS INCLUDE A TOY LIBRARY PARENT EDUCATION NIGHTS CRAFT NIGHTS OPEN PLAY HOURS AND AN ONLINE TOOL BOX MONARCH'S RESPONSIBILITIES FOR OPERATING THE FAMILY RESOURCE CENTER CEASED IN APRIL 2023 SO THAT WE CAN FOCUS ON OUR ORIGINAL MISSION OF RUNNING A HIGH-QUALITY PRESCHOOL AND KINDERGARTEN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Elcombe President | Officer | 1 | $0 |
Julie Benton Board Member | Officer | 2 | $0 |
Chris Dirkes Treasurer | Officer | 2 | $0 |
Kirsten Benton Board Member | Officer | 1 | $0 |
Jennie Lynch Past President | Officer | 2 | $0 |
Kevin Held Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,836 |
| Related organizations | $4,134 |
| Government grants | $12,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,565 |
| Total Program Service Revenue | $192,692 |
| 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 | $232,257 |
| 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. | $48,231 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $36,765 |
| 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 | $0 |
| Fees for services: Other | $9,494 |
| Advertising and promotion | $11,481 |
| Office expenses | $0 |
| Information technology | $5,052 |
| Royalties | $0 |
| Occupancy | $31,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,154 |
| All other expenses | $6,788 |
| Total functional expenses | $265,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,910 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,910 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $56,910 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $56,910 |