Grumman Hill Montessori Association
- Assets
- $7.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 50
- Location
- Wilton, CT
- Founding
- 07/1992
- Data as of
- 06/2024
- EIN
- 06-0806565
Organization Overview
Grumman Hill Montessori Association is located in Wilton, CT. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Grumman Hill Montessori Association employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grumman Hill Montessori Association 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 06/2024, Grumman Hill Montessori Association generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTESSORI SCHOOL MISSION IS:TO RESPECT CHILDREN AS SELF-DIRECTED INDIVIDUALS AND FOSTER THEIR GROWTH TOWARD INDEPENDENCE AND SOCIAL RESPONSIBILITY.ADHERE TO THE PHILOSOPHY OF DR. MARIA MONTESSORI AND MAINTAIN THE STANDARD OF THE ASSOCIATION MONTESSORI INTERNATIONALE.CREATE A JOYFUL, DIVERSE, AND FAMILY ORIENTATED COMMUNITY WHICH PROVIDES AN ATMOSPHERE THAT SUPPORTS THE GROWTH OF THE CHILD.INSPIRE THE CHILD TO LIVE BOTH PASSIONATELY AND COMPASSIONATELY IN A GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION EXISTS TO PROMOTE THE PRINCIPLE AND PRACTICES OF A MONTESSORI EDUCATION BY PROVIDING AN A.M.I. MONTESSORI ACCREDITED SCHOOL, OPERATING FULL-DAY FOR APPROXIMATELY 145 CHILDREN AGES 1 1/2 THROUGH EIGHTH GRADE IN THE FAIRFIELD COUNTY CONNECTICUT AREA. THE FOCUS IS TO EXTEND THE SCHOOL'S FACILITIES TO FAMILIES OF MULTI-EHTNIC, MULTI-ECONOMIC BACKGROUNDS AND THE STUDY OF MONTESSORI PHILOSOPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Godfrey Trustee | Trustee | 5 | $0 |
Lisa Potter Head Of School | OfficerTrustee | 40 | $193,015 |
Jennifer Ancker Whelen Trustee | Trustee | 5 | $0 |
Kevin Ashley Trustee | Trustee | 5 | $0 |
Sharon Grace Secretary | OfficerTrustee | 5 | $0 |
Laura Case At-Large | OfficerTrustee | 5 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,770 |
| Related organizations | $0 |
| Government grants | $6,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,827 |
| Total Program Service Revenue | $3,627,724 |
| Investment income | $159,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,456 |
| Net Income from Fundraising Events | $53,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,167,359 |
| 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. | $540,783 |
| Compensation of current officers, directors, key employees. | $124,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,582,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $440,152 |
| Payroll taxes | $156,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,686 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,097 |
| Advertising and promotion | $24,087 |
| Office expenses | $43,156 |
| Information technology | $58,151 |
| Royalties | $0 |
| Occupancy | $207,775 |
| 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 | $129,308 |
| Insurance | $38,180 |
| All other expenses | $0 |
| Total functional expenses | $3,484,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,096 |
| Savings and temporary cash investments | $2,232,244 |
| Pledges and grants receivable | $218,377 |
| Accounts receivable, net | $22,407 |
| 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 | $87,492 |
| Net Land, buildings, and equipment | $2,168,568 |
| Investments—publicly traded securities | $2,816,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,682,604 |
| Accounts payable and accrued expenses | $452,409 |
| Grants payable | $0 |
| Deferred revenue | $183,866 |
| 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 | $636,275 |
| Net assets without donor restrictions | $4,178,616 |
| Net assets with donor restrictions | $2,867,713 |
| 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 | $7,682,604 |