Newtown Montessori Society Inc
- Assets
- $4.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Newtown, CT
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 06-0852235
Organization Overview
Newtown Montessori Society Inc is located in Newtown, CT. The organization was established in 1972. 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, Newtown Montessori Society Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newtown Montessori Society 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, Newtown Montessori Society Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRASER WOODS MONTESSORI SCHOOL CULTIVATES COMPASSIONATE, SELF-CONFIDENT, JOYFUL CITIZENS OF THE WORLD BY RESPECTING THE INDIVIDUALITY OF EACH CHILD BY CHALLENGING STUDENTS TO ACHIEVE THEIR FULL POTENTIAL IN A NURTURING ENVIRONMENT AND BY INSPIRING CURIOSITY, CREATIVITY, CRITICAL THINKING AND SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWTOWN MONTESSORI SOCIETY CONDUCTS EDUCATIONAL PROGRAMS FOR APPROXIMATELY 160 STUDENTS, PRE-SCHOOL TODDLER TO MIDDLE SCHOOL 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Tryforos Interim Head Of School | Trustee | 50 | $130,000 |
Oliver Sommer Treasurer | OfficerTrustee | 1 | $0 |
Jill Papanek Trustee | OfficerTrustee | 1 | $0 |
Liz Bashawaty Secretary | OfficerTrustee | 1 | $0 |
Glenn Dicostanzo Vice President | OfficerTrustee | 1 | $0 |
Pat Werner Board President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,581 |
| Total Program Service Revenue | $1,804,539 |
| Investment income | $0 |
| 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 | $2,364,120 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,343,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,843 |
| Payroll taxes | $105,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,885 |
| Fees for services: Accounting | $13,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,092 |
| Advertising and promotion | $14,971 |
| Office expenses | $50,873 |
| Information technology | $16,673 |
| Royalties | $0 |
| Occupancy | $151,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,527 |
| Insurance | $38,213 |
| All other expenses | $0 |
| Total functional expenses | $2,018,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,463,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,506 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,395,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,751 |
| Total assets | $4,112,989 |
| Accounts payable and accrued expenses | $6,335 |
| Grants payable | $0 |
| Deferred revenue | $218,386 |
| 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 | $1,710,736 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $2,435,457 |
| Net assets without donor restrictions | $1,677,532 |
| 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 | $4,112,989 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Newtown Montessori Society Inc has recieved totaling $11,221.
| Awarding Organization | Amount |
|---|---|
Synchrony Foundation Stamford, CT PURPOSE: PROGRAM SUPPORT | $7,500 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $3,120 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
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 |