Montessori Connection Nfp
- Assets
- $579.4k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Highland Park, IL
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-3173076
Organization Overview
Montessori Connection Nfp is located in Highland Park, IL. The organization was established in 2006. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Montessori Connection Nfp employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Connection Nfp 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 12/2023, Montessori Connection Nfp 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 5.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 4.0% 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
EDUCATION OF CHILDREN FROM AGES 2 THROUGH KINDERGARTEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Parker Secretary | OfficerTrustee | 40 | $85,930 |
Laurie Ward Executive Director/board Member | OfficerTrustee | 40 | $58,560 |
Norma Morley Treasurer | OfficerTrustee | 40 | $51,300 |
Angela Gatz Director | Trustee | 40 | $47,615 |
Carol Lee President | OfficerTrustee | 6 | $21,956 |
Nettie Parks Director | Trustee | 6 | $820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,215 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,124 |
| Total Program Service Revenue | $1,728,317 |
| Investment income | $3,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,423 |
| Net Income from Fundraising Events | -$278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,745,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $909 |
| 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. | $266,181 |
| Compensation of current officers, directors, key employees. | $266,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,895 |
| Payroll taxes | $85,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186 |
| Fees for services: Accounting | $10,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,303 |
| Advertising and promotion | $5,486 |
| Office expenses | $52,743 |
| Information technology | $2,124 |
| Royalties | $0 |
| Occupancy | $119,142 |
| Travel | $2,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,051 |
| Insurance | $7,114 |
| All other expenses | $25,947 |
| Total functional expenses | $1,609,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,665 |
| Savings and temporary cash investments | $292,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,890 |
| 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 | $7,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,126 |
| Total assets | $579,361 |
| Accounts payable and accrued expenses | $10,342 |
| Grants payable | $0 |
| Deferred revenue | $40,830 |
| 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 | $204,348 |
| Total liabilities | $255,520 |
| Net assets without donor restrictions | $323,841 |
| 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 | $579,361 |