Kings Wood Montessori School
- Assets
- $564.5k
- Revenue
- $556.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Foxboro, MA
- Founding
- 01/1969
- Data as of
- 06/2023
- EIN
- 04-2446210
Organization Overview
Kings Wood Montessori School is located in Foxboro, MA. The organization was established in 1969. 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, Kings Wood Montessori School employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Wood 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, Kings Wood Montessori School generated $556.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $476.4k during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 6 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
TO PROVIDE THE EDUCATION OF CHILDREN, FROM PRESCHOOL THROUGH KINDERGARTEN, ACCORDING TO THE PHILISOPHY AND PRINCIPLES OF MARIA MONTESSORI
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI EDUCATION TO 44 PRESCHOOLERS AND KINDERGARTENERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Cameron Chairman | OfficerTrustee | 3 | $0 |
Jessica Crandall President | OfficerTrustee | 2 | $0 |
Ayse Hosein Vice President | OfficerTrustee | 1 | $0 |
Meagan Greene Secretary | OfficerTrustee | 2 | $0 |
Kristy Retos Treasurer | OfficerTrustee | 2 | $0 |
Joan Reale Director | OfficerTrustee | 40 | $72,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,444 |
| Related organizations | $0 |
| Government grants | $74,100 |
| 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 | $82,544 |
| Total Program Service Revenue | $471,139 |
| Investment income | $3,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$153 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,030 |
| 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. | $164,457 |
| Compensation of current officers, directors, key employees. | $36,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $456 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,425 |
| Office expenses | $29,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,221 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,592 |
| Insurance | $18,930 |
| All other expenses | $745 |
| Total functional expenses | $476,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,084 |
| Savings and temporary cash investments | $288,194 |
| 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 | $45,411 |
| Investments—publicly traded securities | $215,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $564,530 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $67,363 |
| 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 | $67,363 |
| Net assets without donor restrictions | $495,202 |
| Net assets with donor restrictions | $1,965 |
| 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 | $564,530 |