Love Of Learning Montessori School
- Assets
- $851.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Centerport, NY
- Founding
- 05/2000
- Data as of
- 08/2021
- EIN
- 11-3498153
Organization Overview
Love Of Learning Montessori School is located in Centerport, NY. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2021, Love Of Learning Montessori School employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Of Learning Montessori School 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 08/2021, Love Of Learning Montessori School generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.1m during the year ending 08/2021. 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
THE PURPOSE OF THIS ORGANIZATION IS TO OPERATE A CHILD DEVELOPMENT CENTER AND SCHOOL FOR CHILDREN AND TO PROVIDE A DYNAMIC LEARNING ENVIRONMENT FOR THOSE WITH DIVERSE BACKGROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUES TO ACHIEVE ITS EXEMPT PURPOSE BY THE IMPLEMENTATION OF THE MONTESSORI METHOD WHICH PROMOTES THE DEVELOPMENT OF SELF-MOTIVATION, INDEPENDENCE, CURIOSITY, COOPERATION AND CONCERN FOR OTHERS WITHIN THE FRAMEWORK OF A STRONG ACADEMIC PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camilla Thompson Director | OfficerTrustee | 20 | $0 |
Lillian Craig Trustee | OfficerTrustee | 20 | $0 |
Bill Fauth Controller | OfficerTrustee | 20 | $0 |
Julie Anne Meixsell Trustee | Trustee | 20 | $0 |
Phil Dalton Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,866 |
| Total Program Service Revenue | $1,214,698 |
| Investment income | $3,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,625,618 |
| 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 | $673,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,693 |
| Advertising and promotion | $15,834 |
| Office expenses | $3,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,307 |
| 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 | $13,615 |
| Insurance | $16,743 |
| All other expenses | $60,535 |
| Total functional expenses | $1,131,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $71,862 |
| Investments—publicly traded securities | $114,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,327 |
| Accounts payable and accrued expenses | $8,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $64,800 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $366,622 |
| Total liabilities | $440,329 |
| Net assets without donor restrictions | $410,998 |
| 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 | $851,327 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Love Of Learning Montessori School has recieved totaling $20,478.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |
Flood Family Foundation Mansfield, OH PURPOSE: GENERAL FUND | $5,000 |
Burke Fam Foundation 12142004 Huntington, NY PURPOSE: EDUCATION | $5,000 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Halsey Family Foundation Inc Southampton, NY PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |