Montessori Academy At Geist Inc
- Assets
- $7.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 84
- Location
- Mccordsville, IN
- Founding
- 04/2007
- Data as of
- 06/2021
- EIN
- 20-3707253
Organization Overview
Montessori Academy At Geist Inc, operating under the name Geist Montessori Academy, is located in Mccordsville, IN. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Geist Montessori Academy employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geist Montessori Academy 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 06/2021, Geist Montessori Academy generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. 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 MONTESSORI ACADEMY AT GEIST PROVIDES AN ACADEMICALLY AND CULTURALLY RICH EDUCATIONAL ENVIRONMENT THAT ALLOWS CHILDREN TO ACQUIRE KNOWLEDGE IN A NON-COMPETITIVE, INDIVIDUALIZED MANNER. WE RECOGNIZE THAT MANY ENVIRONMENTAL FACTORS ACT UPON THE DEVELOPMENT OF THE CHILD, AND SEEK TO PREPARE A SCHOOL ENVIRONMENT THAT ENCOURAGES JOYFUL LEARNING, AND GREATER EXPLORATION OF THE COMMUNITY AND THE WORLD. ACADEMICS INTEGRATE WITH CHARACTER BUILDING AND COMMUNITY AWARENESS TO FORM A WHOLE-CHILD CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEIST MONTESSORI ACADEMY PROVIDED PUBLIC EDUCATION TO APPROXIMATELY 265 STUDENTS IN INDIANA IN ALIGNMENT WITH THE MONTESSORI CURRICULUM AND INDIANA DEPARTMENT OF EDUCATION STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Schuler Executive Director (thru 2/21) | Officer | 40 | $85,280 |
Jennifer Gosch Executive Director (beg 2/21) | Officer | 40 | $33,593 |
Jamison Rahmany Asst. Executive Director | Officer | 40 | $4,800 |
Urias Ellis President | OfficerTrustee | 5 | $0 |
Erika Radford Treasurer | OfficerTrustee | 5 | $0 |
Lacey Willard Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,142,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,145,747 |
| Total Program Service Revenue | $35,348 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,205 |
| 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. | $175,459 |
| Compensation of current officers, directors, key employees. | $41,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,975 |
| Pension plan accruals and contributions | $38,006 |
| Other employee benefits | $53,821 |
| Payroll taxes | $97,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,897 |
| Fees for services: Accounting | $70,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,859 |
| Advertising and promotion | $0 |
| Office expenses | $61,442 |
| Information technology | $475 |
| Royalties | $0 |
| Occupancy | $65,187 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $128,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,265 |
| Insurance | $45,545 |
| All other expenses | $1,302 |
| Total functional expenses | $2,345,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,737 |
| Savings and temporary cash investments | $157,666 |
| Pledges and grants receivable | $20,168 |
| Accounts receivable, net | $19,439 |
| 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 | $18,099 |
| Net Land, buildings, and equipment | $6,937,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $46,255 |
| Other assets | $0 |
| Total assets | $7,600,425 |
| Accounts payable and accrued expenses | $123,277 |
| 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 | $5,378,073 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,000 |
| Total liabilities | $5,801,350 |
| Net assets without donor restrictions | $1,799,075 |
| 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 | $7,600,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montessori Academy At Geist Inc has recieved totaling $104.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |