Ithaca Montessori Society
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 59
- Location
- Ithaca, NY
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 16-0957380
Organization Overview
Ithaca Montessori Society is located in Ithaca, NY. The organization was established in 1969. 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, Ithaca Montessori Society employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca Montessori Society 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, Ithaca Montessori Society generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
THE SCHOOL IS AN EDUCATIONAL ORGANIZATION WHICH SUPPORTS/FACILITATES THE EDUCATION/DEVELOPMENT OF CHILDREN BY STIMULATING THE GROWTH OF EACH CHILD'S MIND, BODY & SPIRIT. THE MULTI-AGED ENVIRONMENT OFFERS MATERIALS WHICH ALLOW THE CHILD TO DEVELOP SPECIFIC SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PRIVATE PRE-SCHOOL & KINDERGARTEN EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Parich President | OfficerTrustee | 4 | $0 |
Sari Stifelman Vice President | OfficerTrustee | 4 | $0 |
Genevieve Bruce Past Secretary | OfficerTrustee | 4 | $0 |
Heather Peluso Staff Rep To Board | Trustee | 2 | $41,579 |
Matt Muskin Secretary | OfficerTrustee | 2 | $0 |
Andy Adams Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,266 |
| Investment income | $217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$440 |
| Net Income from Fundraising Events | $516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,688,839 |
| Statement of Expenses | |
|---|---|
| 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. | $93,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,867 |
| Pension plan accruals and contributions | $7,165 |
| Other employee benefits | $26,555 |
| Payroll taxes | $64,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,441 |
| Office expenses | $3,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,940 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,756 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,338,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,249 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,543,112 |
| Accounts payable and accrued expenses | $54,155 |
| Grants payable | $0 |
| Deferred revenue | $82,597 |
| 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 | $728,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $865,152 |
| Net assets without donor restrictions | $677,960 |
| 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 |
| Total liabilities and net assets/fund balances | $677,960 |