Harborlight Montessori School Inc
- Assets
- $5.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 95
- Location
- Beverly, MA
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 04-2680395
Organization Overview
Harborlight Montessori School Inc, operating under the name Harborlight Montessori & Montessori Institute - New England, is located in Beverly, MA. The organization was established in 1980. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Harborlight Montessori & Montessori Institute - New England employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harborlight Montessori & Montessori Institute - New England 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, Harborlight Montessori & Montessori Institute - New England generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. 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
WE ARE AN INFANT THROUGH 8TH GRADE MONTESSORI SCHOOL WHERE EVERY CHILD DEVELOPS INDEPENDENCE, SELF-CONFIDENCE, AND AN AWARENESS OF THE WORLD THEY INHIBIT. HIGHLY SKILLED TEACHERS CREATE A RESPECTFUL, SUPPORTIVE, AND PEACEFUL ENVIRONMENT WHERE THEY NURTURE EACH STUDENT'S NATURAL PASSION, CURIOSITY, AND DESIRE TO LEARN. STUDENTS EMBRACE THEIR UNIQUENESS AND FULLY ACHIEVE THEIR EDUCATIONAL, SOCIAL, AND EMOTIONAL POTENTIAL. OUR SCHOOL IS A DYNAMIC COMMUNITY OF SUPPORT FACULTY, ENGAGED FAMILIES, AND PASSIONATE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELEMENTARY AND MIDDLE SCHOOL EDUCATION FOR APPROXIMATELY 70 STUDENTS OVER A 10-MONTH SCHOOL YEAR
PROVIDED EARLY CHILDHOOD EDUCATION FOR APPROXIMATELY 75 STUDENTS OVER A 10-MONTH SCHOOL YEAR
PROVIDED INFANT & TODDLER EDUCATION FOR APPROXIMATELY 45 STUDENTS OVER A 10-MONTH SCHOOL YEAR
OTHER PROGRAM SERVICES (SUMMER, AFTER SCHOOL PROGRAM AND ETC)
PROVIDED ELEMENTARY AND MIDDLE SCHOOL EDUCATION FOR APPROXIMATELY 70 STUDENTS OVER A 10-MONTH SCHOOL YEAR
PROVIDED EARLY CHILDHOOD EDUCATION FOR APPROXIMATELY 75 STUDENTS OVER A 10-MONTH SCHOOL YEAR
PROVIDED INFANT & TODDLER EDUCATION FOR APPROXIMATELY 45 STUDENTS OVER A 10-MONTH SCHOOL YEAR
OTHER PROGRAM SERVICES (SUMMER, AFTER SCHOOL PROGRAM AND ETC)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Horovitz President And Head Of School | OfficerTrustee | 40 | $140,000 |
James Dickman Finance Director | OfficerTrustee | 40 | $65,993 |
Heidi Rombola Trustee | Trustee | 10 | $9,210 |
John Cusolito Board Chair | OfficerTrustee | 1 | $0 |
Eileen Caruso Secretary | OfficerTrustee | 1 | $0 |
Brett Collins Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,032,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,655 |
| Total Program Service Revenue | $3,911,849 |
| Investment income | $10,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,075,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $615,279 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,078 |
| Compensation of current officers, directors, key employees. | $210,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,147,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,588 |
| Payroll taxes | $195,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,271 |
| Fees for services: Other | $8,585 |
| Advertising and promotion | $4,468 |
| Office expenses | $156,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,547 |
| Insurance | $40,831 |
| All other expenses | $0 |
| Total functional expenses | $4,033,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,090 |
| Savings and temporary cash investments | $1,025,178 |
| Pledges and grants receivable | $3,400 |
| Accounts receivable, net | $217,514 |
| 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 | $58,763 |
| Net Land, buildings, and equipment | $3,520,682 |
| Investments—publicly traded securities | $545,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,433 |
| Total assets | $5,736,848 |
| Accounts payable and accrued expenses | $76,415 |
| Grants payable | $0 |
| Deferred revenue | $706,624 |
| 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 | $2,419,130 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,844 |
| Total liabilities | $3,299,013 |
| Net assets without donor restrictions | $2,165,719 |
| Net assets with donor restrictions | $272,116 |
| 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 | $5,736,848 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harborlight Montessori School Inc has recieved totaling $1,916.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $716 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $200 |
Endowment Analysis
| Beg. Balance | $387,240 |
| Earnings | $108,548 |
| Net Contributions | $50,000 |
| Ending Balance | $545,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |