West River Montessori School
- Assets
- $472.6k
- Revenue
- $388.1k
- Investments
- $0.0
- Employees
- 12
- Location
- South Londonderry, VT
- Founding
- 12/1979
- Data as of
- 07/2022
- EIN
- 03-0273476
Organization Overview
West River Montessori School is located in South Londonderry, VT. The organization was established in 1979. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, West River Montessori School employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West River 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 07/2022, West River Montessori School generated $388.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $229.3k during the year ending 07/2022. While expenses have increased by 5.6% 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
WRMS PROVIDES MONTESSORI EDUCATION TO PRESCHOOLERS AND ALSO PROVIDES AN EXTENDED DAY PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WRMS PROVIDES MONTESSORI BASED PRESCHOOL EDUCATION FOR UP TO 26 CHILDREN AGES 3 TO 6. IT ALSO PROVIDES AN AFTER 1 SCHOOL PROGRAM FOR SCHOOL AGED CHILDREN. THE SCHOOL OPERATES FROM 8AM TO 5PM, MONDAY THROUGH FRIDAY FOLLOWING THE LOCAL SCHOOL CALENDAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bacon President | OfficerTrustee | 0 | $0 |
Nancy Pinkernell Secretary | OfficerTrustee | 0 | $432 |
Jolyne Olah Treasurer | OfficerTrustee | 10 | $5,778 |
Whitney Thibodeaux Director | Trustee | 0 | $0 |
Kate Logan Director | Trustee | 0 | $0 |
Travis Schwartz Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,779 |
| Investment income | $93 |
| 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 | $11,937 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,067 |
| Statement of Expenses | |
|---|---|
| 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. | $6,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,603 |
| Payroll taxes | $10,392 |
| Fees for services: Management | $5,777 |
| Fees for services: Legal | $3,630 |
| Fees for services: Accounting | $525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $517 |
| Office expenses | $3,052 |
| 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 | $7,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,566 |
| All other expenses | $0 |
| Total functional expenses | $229,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,534 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $472,607 |
| Accounts payable and accrued expenses | $7,865 |
| 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 | $158,197 |
| Unsecured mortgages and notes payable | $14,700 |
| Other liabilities | $0 |
| Total liabilities | $180,762 |
| 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 |
| Total liabilities and net assets/fund balances | $291,845 |