Bay Farm Montessori Academy Inc
- Assets
- $5.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Duxbury, MA
- Founding
- 05/1991
- Data as of
- 06/2021
- 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 06/2021, Bay Farm Montessori Academy Inc employed 73 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 06/2021, Bay Farm Montessori Academy Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 3.9% 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
2021
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.
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 |
|---|---|---|---|
Conrad Wildsmith Head Of School | Trustee | 40 | $144,179 |
Jacqueline Perkins Clerk | OfficerTrustee | 1 | $0 |
Hauke Kite-Powell President | OfficerTrustee | 4 | $0 |
Michael Christiano Vice President/treasurer | OfficerTrustee | 2 | $0 |
Denise Mengani Trustee | Trustee | 1 | $0 |
Jason Trulby Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,986 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,379 |
| Total Program Service Revenue | $3,923,424 |
| Investment income | $209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,437,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $845,403 |
| 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 | $2,030,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,823 |
| Payroll taxes | $183,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,448 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,066 |
| Office expenses | $27,655 |
| Information technology | $28,868 |
| Royalties | $0 |
| Occupancy | $185,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,429 |
| Insurance | $45,924 |
| All other expenses | $14,057 |
| Total functional expenses | $3,899,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,321,436 |
| Savings and temporary cash investments | $374,519 |
| Pledges and grants receivable | $1,300 |
| Accounts receivable, net | $4,592 |
| 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 | $22,695 |
| Net Land, buildings, and equipment | $4,154,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,878,835 |
| Accounts payable and accrued expenses | $155,172 |
| Grants payable | $0 |
| Deferred revenue | $1,373,657 |
| 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 | $959,780 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $351,016 |
| Total liabilities | $2,839,625 |
| Net assets without donor restrictions | $3,039,210 |
| 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 | $5,878,835 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Farm Montessori Academy Inc has recieved totaling $195.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $195 |
Endowment Analysis
| Beg. Balance | $82,057 |
| Earnings | $292,462 |
| Ending Balance | $374,519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |