Newton Montessori School Inc
- Assets
- $5.4m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 124
- Location
- Newton Centre, MA
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 20-5197160
Organization Overview
Newton Montessori School Inc is located in Newton Centre, MA. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Newton Montessori School Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Montessori School Inc 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, Newton Montessori School Inc generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 11.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF MONTESSORI SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-EDUCATIONAL SCHOOL FOR STUDENTS FROM 15 MONTHS TO SIXTH GRADE.
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 |
|---|---|---|---|
Joseph Jolly Cfo/coo, Dir. Of Dev. & Legal | Officer | 40 | $187,739 |
Elizabeth Black Head Of School | OfficerTrustee | 40 | $224,346 |
Lauris Lambergs President | OfficerTrustee | 1 | $0 |
Cara Candal Vice President | OfficerTrustee | 1 | $0 |
Brian Alfermann Treasurer | OfficerTrustee | 1 | $0 |
Sabeena Chacko Raskin Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,233 |
| Total Program Service Revenue | $10,703,539 |
| Investment income | $15,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $11,015,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $1,589,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $461,028 |
| Compensation of current officers, directors, key employees. | $461,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,635,452 |
| Pension plan accruals and contributions | $94,204 |
| Other employee benefits | $398,985 |
| Payroll taxes | $377,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,382 |
| Fees for services: Accounting | $16,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $621,124 |
| Advertising and promotion | $122,327 |
| Office expenses | $162,016 |
| Information technology | $89,494 |
| Royalties | $0 |
| Occupancy | $781,989 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,843 |
| Insurance | $78,632 |
| All other expenses | $170,531 |
| Total functional expenses | $10,551,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686 |
| Savings and temporary cash investments | $2,770,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,621 |
| 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 | $18,201 |
| Net Land, buildings, and equipment | $1,501,385 |
| Investments—publicly traded securities | $922,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,050 |
| Total assets | $5,410,157 |
| Accounts payable and accrued expenses | $816,426 |
| Grants payable | $0 |
| Deferred revenue | $2,837,709 |
| 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 | $3,654,135 |
| Net assets without donor restrictions | $1,708,522 |
| Net assets with donor restrictions | $47,500 |
| 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 | $5,410,157 |