Gateway Montessori School
- Assets
- $3.1m
- Revenue
- $878.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Chicago, IL
- Founding
- 11/2005
- Data as of
- 06/2024
- EIN
- 01-0626449
Organization Overview
Gateway Montessori School is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Gateway Montessori School employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway 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 06/2024, Gateway Montessori School generated $878.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $859.8k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE ORGANIZATION ARE TO TEACH AND EDUCATE CHILDREN, TO CONDUCT AND MAINTAIN A MONTESSORI SCHOOL FOR CHILDREN AND TO CARRY OUT AND PERFORM ALL ACTS AND ACTIVITIES CUSTOMARILY OR NORMALLY CARRIED OUT OR CONDUCTED BY SUCH A SCHOOL. OTHER PURPOSES FOR WHICH SAID ORGANIZATION IS FORMED INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING: TO TEACH CHILDREN BY WHAT IS GENERALLY KNOWN AS THE MARIA MONTESSORI METHOD; TO PROVIDE AN ENVIRONMENT AND CURRICULUM CONSISTENT WITH THE EDUCATIONAL AND SPIRITUAL NEEDS OF ALL CHILDREN; AND TO LEASE, RENT OR PURCHASE FACILITIES FOR CARRYING ON SUCH ACTIVITIES AND SUCH A SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THIS FISCAL YEAR, GATEWAY ENTERED ITS 20TH YEAR OF OPERATION, OFFERING 3 PROGRAMS: (A) FOR CHIDREN AGES 15 MONTHS TO 3 YEARS, (B) CHILDREN 3 TO 6 YEARS, AND (C) AN ELEMENTARY SCHOOL PROGRAM FOR CHILDREN AGES 6 TO 12. THE ELEMENTARY PROGRAM WILL CONTINUE TO EXPAND TO INCLUDE CHILDREN UP TO AGE 14. DURING THE SCHOOL YEAR ENDING JUNE 30, 2024, A TOTAL OF 63 CHILDREN WERE ENROLLED: 13 IN THE INFANT COMMUNITY, 40 IN THE CHILDREN'S HOUSE, AND 10 IN THE ELEMENTARY PROGRAM. IN ADDITION TO THESE 3 PROGRAMS, GATEWAY CONDUCTED TWO 4-WEEK SUMMER PROGRAM SESSIONS DURING JUNE, JULY, AND AUGUST. THIS PROGRAM COMBINED THE AGE GROUPS. A TOTAL OF 19 CHILDREN WERE ENROLLED DURING JULY-AUGUST 2023, AND 22 CHILDREN WERE ENROLLED DURING JUNE-JULY 2024
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Brennan Rscj Director | Trustee | 1 | $0 |
Shelley Torres Aldeen Director | Trustee | 1 | $0 |
Emily Poddar Vice President | OfficerTrustee | 1 | $0 |
Halley Torres Aldeen Treasurer & Secretary | OfficerTrustee | 1 | $0 |
William Aldeen President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,500 |
| Government grants | $40,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,810 |
| Total Program Service Revenue | $816,312 |
| Investment income | $14,435 |
| 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 | $878,557 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $39,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $269 |
| Advertising and promotion | $14,859 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,664 |
| Travel | $2,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,162 |
| Interest | $37,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,393 |
| Insurance | $24,535 |
| All other expenses | $6,850 |
| Total functional expenses | $859,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,531 |
| 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 | $2,449,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,299 |
| Total assets | $3,118,812 |
| Accounts payable and accrued expenses | $43,063 |
| Grants payable | $0 |
| Deferred revenue | $7,289 |
| 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 | $1,443,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,493,509 |
| Net assets without donor restrictions | $1,625,303 |
| 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 | $3,118,812 |