Newtown Montessori Society Inc
- Assets
- $6.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Newtown, CT
- Founding
- 02/1972
- Data as of
- 06/2023
- 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 06/2023, Newtown Montessori Society Inc employed 48 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 06/2023, Newtown Montessori Society Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. 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
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 |
|---|---|---|---|
Oliver Sommer Treasurer | OfficerTrustee | 1 | $0 |
Jill Papanek Trustee | OfficerTrustee | 1 | $0 |
Summer Paulos Trustee | Trustee | 1 | $0 |
Liz Bashawaty Secretary | OfficerTrustee | 1 | $0 |
Pat Werner Board President | OfficerTrustee | 3 | $0 |
Glenn Dicostanzo Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,925,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,024 |
| Total Program Service Revenue | $2,330,562 |
| 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 | $4,255,586 |
| 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 | $1,578,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,893 |
| Payroll taxes | $133,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,223 |
| 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 | $185,593 |
| Advertising and promotion | $18,697 |
| Office expenses | $46,479 |
| Information technology | $22,424 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $195,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,527 |
| Insurance | $42,088 |
| All other expenses | $0 |
| Total functional expenses | $2,449,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,285,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,673 |
| 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 | $2,334,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,907 |
| Total assets | $5,960,469 |
| Accounts payable and accrued expenses | $13,044 |
| Grants payable | $0 |
| Deferred revenue | $315,491 |
| 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 | $1,648,514 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $2,477,049 |
| Net assets without donor restrictions | $3,483,420 |
| 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 | $5,960,469 |