Wellesley Montessori School Inc
- Assets
- $1.1m
- Revenue
- $887.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Wellesley, MA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 04-2547266
Organization Overview
Wellesley Montessori School Inc is located in Wellesley, MA. The organization was established in 1987. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Wellesley Montessori School Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley 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 06/2022, Wellesley Montessori School Inc generated $887.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $829.5k during the year ending 06/2022. While expenses have increased by 2.4% 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
OUR GOAL IS TO HAVE EACH CHILD FULFILL HIS OR HER POTENTIAL IN A CARING, SAFE AND CHALLENGING ATMOSPHERE. WMS IS DEDICATED TO THE PHILOSOPHY AND PRINCIPLES OF DR. MARIA MONTESSORI. WE FOLLOW THE CHILD-CENTERED MONTESSORI METHOD OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WELLESLEY MONTESSORI SCHOOL, ESTABLISHED IN 1974, IS DEDICATED TO PROVIDING A QUALITY PRE-SCHOOL TO CHILDREN 2 YEARS, 9 MONTHS OLD TO 7 YEAR OLD IN A PLEASANT, CARING ENVIRONMENT CONDUCIVE TO LEARNING. AFFILIATED WITH THE AMERICAN MONTESSORI SOCIETY, WE OFFER A FULL MONTESSORI PROGRAM. THE CLASSES HAVE 15 TO 24 CHILDREN OF MIXED AGES WITH THREE TEACHERS IN EACH CLASS. THE CLASSES MEET FIVE DAYS A WEEK, THREE HOURS PER DAY. THEY ALSO HAVE THE CHILD CARE CENTER FOR THOSE FAMILIES WISHING FOR ADDITIONAL CARE. ENROLLMENT FOR THIS FISCAL YEAR WAS APPROXIMATELY 47 STUDENTS AND APPROXIMATELY 70% OF THOSE STUDENTS ENROLLED IN THE CHILD CARE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Erlandson Director/vice President | OfficerTrustee | 1 | $0 |
Ida Fridmann Director/president | OfficerTrustee | 1 | $0 |
William Nystrom Director/vice President Thru 07/2022 | OfficerTrustee | 1 | $0 |
Marie-Claude Bernal Director/treasurer | OfficerTrustee | 1 | $0 |
Mary Rockett Director/secretary | OfficerTrustee | 1 | $0 |
Vanessa Larkin Executive Director | Officer | 45 | $126,198 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,442 |
| Total Program Service Revenue | $768,226 |
| Investment income | $33,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,432 |
| 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. | $124,415 |
| Compensation of current officers, directors, key employees. | $124,415 |
| Compensation to disqualified persons | $95,556 |
| Other salaries and wages | $267,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,398 |
| Payroll taxes | $43,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,798 |
| Fees for services: Other | $1,127 |
| Advertising and promotion | $0 |
| Office expenses | $49,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,559 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,165 |
| Insurance | $6,799 |
| All other expenses | $0 |
| Total functional expenses | $829,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,333 |
| Savings and temporary cash investments | $405,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,775 |
| 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 | $16,880 |
| Net Land, buildings, and equipment | $30,335 |
| Investments—publicly traded securities | $526,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,331 |
| Total assets | $1,061,094 |
| Accounts payable and accrued expenses | $15,865 |
| Grants payable | $0 |
| Deferred revenue | $46,738 |
| 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 | $62,603 |
| Net assets without donor restrictions | $998,491 |
| 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 | $1,061,094 |