Bay Farm Montessori Academy Inc
- Assets
- $6.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 85
- Location
- Duxbury, MA
- Founding
- 05/1991
- Data as of
- 06/2023
- EIN
- 04-2934914
Organization Overview
Bay Farm Montessori Academy Inc is located in Duxbury, MA. The organization was established in 1991. 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 06/2023, Bay Farm Montessori Academy Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Farm Montessori Academy 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 06/2023, Bay Farm Montessori Academy Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 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
DAY SCHOOL FOR PRE-KINDERGARTEN THROUGH GRADE 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE PROPER UPBRINGING AND EDUCATION OF CHILDREN WHILE FOLLOWING THE MONTESSORI CURRICULUM GUIDELINES THROUGH A CO-ED DAY SCHOOL FOR APPROXIMATELY 163 STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hauke Kite-Powell President | OfficerTrustee | 1 | $0 |
Joe Wagner Vice President | OfficerTrustee | 1 | $0 |
Jason Trulby Treasurer | OfficerTrustee | 1 | $0 |
Jacqueline Perkins Clerk | OfficerTrustee | 1 | $0 |
Leonard Taylor Trustee | Trustee | 1 | $0 |
Sarianna Seewald Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,062 |
| Total Program Service Revenue | $4,683,299 |
| Investment income | $7,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$46,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,279,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $983,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,759,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,861 |
| Payroll taxes | $243,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,968 |
| Fees for services: Accounting | $69,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,702 |
| Office expenses | $33,575 |
| Information technology | $52,629 |
| Royalties | $0 |
| Occupancy | $228,097 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,541 |
| Insurance | $66,291 |
| All other expenses | $57,727 |
| Total functional expenses | $5,132,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200,383 |
| Savings and temporary cash investments | $426,957 |
| Pledges and grants receivable | $331,491 |
| Accounts receivable, net | $131,931 |
| 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 | $44,700 |
| Net Land, buildings, and equipment | $4,171,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,306,923 |
| Accounts payable and accrued expenses | $441,394 |
| Grants payable | $0 |
| Deferred revenue | $1,393,680 |
| 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 | $979,574 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,814,648 |
| Net assets without donor restrictions | $3,492,275 |
| 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 | $6,306,923 |