Newport Montessori School
- Assets
- $433.9k
- Revenue
- $996.2k
- Investments
- $0.0
- Employees
- 32
- Location
- Newport, NH
- Founding
- 08/2006
- Data as of
- 07/2023
- EIN
- 20-1953727
Organization Overview
Newport Montessori School is located in Newport, NH. The organization was established in 2006. 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 07/2023, Newport Montessori School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport 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 07/2023, Newport Montessori School generated $996.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $863.3k during the year ending 07/2023. While expenses have increased by 9.0% per year over the past 7 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
OPERATION OF CHILD-CENTERED MONTESSORI SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED 7/31/23 THE NEWPORT MONTESSORI SCHOOL EDUCATED 108 STUDENTS RANGING IN AGE FROM PRE-K THROUGH GRADE 8. THIRTY-SIX (36) - FOURTY (40) OF THESE CHILDREN WERE ENROLLED IN THE AFTER SCHOOL CARE PROGRAM FOR 2:30 - 5:30. THE EDUCATIONAL PROGRAM IS CHILD-CENTERED MONTESSORI SCHOOL AND DESIGNED TO FACILITATE MAXIMUM INDEPENDENT LEARNING AND EXPLORATION FOR STUDENTS PRESCHOOL THROUGH GRADE EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Hunter Director | Trustee | 0 | $0 |
Chad Howe Director | Trustee | 0 | $0 |
Fran Hout Director | Trustee | 0 | $0 |
Heidi Allgair Director | Trustee | 0 | $0 |
Kristie Howe Director | Trustee | 0 | $0 |
Peter Mcgurkin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $24,036 |
| Membership dues | $0 |
| Fundraising events | $12,852 |
| Related organizations | $0 |
| Government grants | $14,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,202 |
| Total Program Service Revenue | $794,013 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $996,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,112 |
| Compensation of current officers, directors, key employees. | $48,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,535 |
| Pension plan accruals and contributions | $6,842 |
| Other employee benefits | $0 |
| Payroll taxes | $36,353 |
| Fees for services: Management | $19,097 |
| Fees for services: Legal | $1,732 |
| Fees for services: Accounting | $9,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,496 |
| Office expenses | $45,061 |
| Information technology | $7,345 |
| Royalties | $0 |
| Occupancy | $147,335 |
| Travel | $32,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,155 |
| Insurance | $9,372 |
| All other expenses | $11,375 |
| Total functional expenses | $863,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,359 |
| 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 | $181,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,000 |
| Total assets | $433,878 |
| Accounts payable and accrued expenses | $8,019 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,019 |
| Net assets without donor restrictions | $425,859 |
| 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 | $433,878 |