Kennebec Montessori School
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Fairfield, ME
- Founding
- 07/1977
- Data as of
- 06/2023
- EIN
- 01-0340713
Organization Overview
Kennebec Montessori School is located in Fairfield, ME. The organization was established in 1977. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Kennebec Montessori School employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebec 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 06/2023, Kennebec Montessori School generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $958.6k during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE KENNEBEC MONTESSORI SCHOOL IS TO PROVIDE CHILDREN WITH AN EDUCATIONAL PROGRAM, ROOTED IN THE PHILOSOPHY OF MARIA MONTESSORI, THAT NURTURES A LOVE OF LEARNING AND FOSTERS RESPECT FOR SELF, OTHERS AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MONTESSORI EDUCATION AND CHILD CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Bessey Chair | OfficerTrustee | 2 | $0 |
Tiffany Miller Vice Chair | OfficerTrustee | 2 | $0 |
Angela King Treasurer | OfficerTrustee | 2 | $0 |
Amarinda Keys Secretary | OfficerTrustee | 2 | $0 |
Margi Browne Director | Trustee | 2 | $0 |
Daniel Eccher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,570 |
| Related organizations | $0 |
| Government grants | $57,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,510 |
| Noncash contributions included in lines 1a–1f | $6,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,528 |
| Total Program Service Revenue | $1,037,677 |
| Investment income | $15,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162 |
| Net Income from Fundraising Events | $21,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,163,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,337 |
| Compensation of current officers, directors, key employees. | $20,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,483 |
| Pension plan accruals and contributions | $13,849 |
| Other employee benefits | $51,003 |
| Payroll taxes | $54,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $738 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,682 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,439 |
| Insurance | $9,736 |
| All other expenses | $19,509 |
| Total functional expenses | $958,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502 |
| Savings and temporary cash investments | $595,062 |
| 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 | $5,594 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,056 |
| Net Land, buildings, and equipment | $1,136,280 |
| Investments—publicly traded securities | $377,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $111 |
| Other assets | $0 |
| Total assets | $2,117,683 |
| Accounts payable and accrued expenses | $89,478 |
| Grants payable | $0 |
| Deferred revenue | $6,437 |
| 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 | $1,104,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,200,551 |
| Net assets without donor restrictions | $899,032 |
| Net assets with donor restrictions | $18,100 |
| 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 | $2,117,683 |