Love Of Learning Montessori School
- Assets
- $659.8k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Centerport, NY
- Founding
- 05/2000
- Data as of
- 08/2023
- 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 08/2023, Love Of Learning Montessori School employed 32 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 08/2023, Love Of Learning Montessori School generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.5m during the year ending 08/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camilla Thompson Director | OfficerTrustee | 20 | $0 |
Julie Anne Meixsell Trustee | Trustee | 20 | $0 |
Bill Fauth Secretary/treas | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,642 |
| Total Program Service Revenue | $1,246,453 |
| Investment income | $5,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,483,958 |
| 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 | $967,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $88,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,584 |
| Fees for services: Accounting | $20,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,795 |
| Advertising and promotion | $12,950 |
| Office expenses | $5,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,450 |
| 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 | $24,301 |
| Insurance | $75,521 |
| All other expenses | $30,122 |
| Total functional expenses | $1,523,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,999 |
| 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 | $144,503 |
| Investments—publicly traded securities | $104,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $754 |
| Total assets | $659,801 |
| Accounts payable and accrued expenses | $1,660 |
| 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 | $45,600 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,744 |
| Total liabilities | $187,004 |
| Net assets without donor restrictions | $472,797 |
| 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 | $659,801 |