Lexington Montessori School Inc
- Assets
- $14.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 79
- Location
- Lexington, MA
- Founding
- 08/1965
- Data as of
- 06/2021
- EIN
- 04-2314257
Organization Overview
Lexington Montessori School Inc is located in Lexington, MA. The organization was established in 1965. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lexington Montessori School Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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 06/2021, Lexington Montessori School Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AN INCLUSIVE, JOYFUL COMMUNITY THAT IGNITES SELF-DISCOVERY THROUGH PURPOSEFUL LEARNING VIA THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INDEPENDENT EDUCATIONAL SERVICES ON A NONDISCRIMINATORY BASIS TO 224 STUDENTS FROM PRESCHOOL TO GRADE EIGHT USING THE MONTESSORI METHOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Kreutzer President | OfficerTrustee | 15 | $0 |
Tuna Chatterjee Vice President | OfficerTrustee | 5 | $0 |
Sue Lehman Treasurer | OfficerTrustee | 7 | $0 |
Elisabeth Nee Director | Trustee | 5 | $0 |
Ava Archibald Director | Trustee | 5 | $0 |
Judy Bose Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,684 |
| Investment income | $61,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,025,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,276,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,737 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,070,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $894,886 |
| 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 | $54,879 |
| Advertising and promotion | $23,545 |
| Office expenses | $40,259 |
| Information technology | $62,025 |
| Royalties | $0 |
| Occupancy | $171,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,904 |
| Insurance | $55,766 |
| All other expenses | $0 |
| Total functional expenses | $6,846,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383 |
| Savings and temporary cash investments | $2,989,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $436 |
| 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 | $77,257 |
| Investments—publicly traded securities | $3,825,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,112,319 |
| Accounts payable and accrued expenses | $336,307 |
| Grants payable | $0 |
| Deferred revenue | $2,203,761 |
| Tax-exempt bond liabilities | $3,918,518 |
| 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 | $72,742 |
| Total liabilities | $6,531,328 |
| 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 | $7,580,991 |