The Montclair Cooperative School Inc
- Assets
- $3.0m
- Revenue
- $3.4m
- Investments
- $563.9k
- Employees
- 48
- Location
- Montclair, NJ
- Founding
- 06/1965
- Data as of
- 06/2023
- EIN
- 22-1723807
Organization Overview
The Montclair Cooperative School Inc is located in Montclair, NJ. The organization was established in 1965. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Montclair Cooperative School Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair Cooperative 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 06/2023, Montclair Cooperative School Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. 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
THE PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO OPERATE AND MAINTAIN ONE OR MORE NON PROFIT, NON SECTARIAN COOPERATIVE EDUCATIONAL FACILITIES INCLUDING WITHOUT LIMITATION, NURSERY SCHOOLS, KINDERGARTENS, ELEMENTARY AND JUNIOR HIGH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAM: THE MONTCLAIR COOPERATIVE SCHOOL IS AN INDEPENDENT, PRIVATE, NON PROFIT ORGANIZATION WITH APPROXIMATELY 132 STUDENTS IN GRADES EARLY AGES-8. THE TUITION REVENUES ENABLE US TO ACCOMPLISH OUR PRIMARY PURPOSE OF CREATING A RICH AND REWARDING ENVIRONMENT FOR OUR CHILDREN. $252,850 IN FINANCIAL AID WAS AWARDED TO ASSIST FAMILIES WHO DEMONSTRATE FINANCIAL NEED.
OTHER PROGRAMS SUCH AS THE BEFORE SCHOOL PROGRAM, AFTER SCHOOL ENRICHMENT, CAMP CO-OP, CHESS CAMP, DAY TRIPS, AND OTHER SUMMER CAMP: THESE ARE ACTIVITIES THAT CREATE A RICH AND REWARDING LEARNING ENVIRONMENT FOR THE STUDENTS.SOCCER & FITNESS CLASSES:BOTH PROGRAMS FOCUS MOSTLY ON TECHNICALSKILLS, BALANCE AND COORDINATION USING FUN AND EXCITING GAMES.
THE MONTCLAIR COOPERATIVE SCHOOL INCORPORATES DAY & OVERNIGHT TRIPS INTO THE CURRICULUM FOR EACH GRADE. DAY TRIPS INCLUDE CULTURAL, EDUCATIONAL & SEASONAL PROGRAMS & EVENTS. OVERNIGHT TRIPS INCLUDE STAYS AT CAMP FAIRVIEW, KROKA EXPEDITIONS IN VERMONT IN WHICH CHILDREN EXPLORE A WILDERNESS ADVENTURE, EXTENDED COMMUNITY BASED TRIPS TO THE SOUTHWEST IN THE UNITED STATES TO PLACES OF HISTORICAL SIGNIFICANCE.
THE AFTER SCHOOL PROGRAM TYPICALLY OPERATES FROM 3:15 P.M.-6:00 P.M. EVERY DAY THAT THE SCHOOL IS IN SESSION WITH THE EXCEPTION OF THOSE SPECIFIED ON THE SCHOOL CALENDAR. ON HALF DAYS, THE PROGRAM OPERATES FROM 12:30-6:00 PM. THE CHILDREN GATHER IN OUR MULTI-PURPOSE ROOM WHICH IS SET UP WITH BLOCKS, ARTS AND CRAFTS, BOARD GAMES, PUZZLES, JEWELRY MAKING, COOKING AND DRAMATIC PLAY. WHEN WEATHER PERMITS, THE CHILDREN PLAY OUTSIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Mata Board Chair | Trustee | 3 | $0 |
Lesley Hayes Vice Chair Of Memeberhip | Trustee | 1 | $0 |
Cari Lehman Vice Chair Of Finance | Trustee | 1 | $0 |
Judy Kelly Vice Chair Of Development | Trustee | 1 | $0 |
Paige Fisher Vice Chair Strategic Planning | Trustee | 1 | $0 |
Jsahna Simmons Vice Chair Diversity, Equity, Inclusion | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,672 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,366 |
| Noncash contributions included in lines 1a–1f | $34,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,038 |
| Total Program Service Revenue | $3,219,149 |
| Investment income | $15,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,369 |
| Net Gain/Loss on Asset Sales | $1,867 |
| Net Income from Fundraising Events | $3,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,389,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $283,756 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,500 |
| Compensation of current officers, directors, key employees. | $42,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,967,041 |
| Pension plan accruals and contributions | $58,858 |
| Other employee benefits | $116,712 |
| Payroll taxes | $191,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,325 |
| Fees for services: Accounting | $28,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,152 |
| Fees for services: Other | $94,356 |
| Advertising and promotion | $0 |
| Office expenses | $9,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,926 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,399 |
| Insurance | $76,707 |
| All other expenses | $14,486 |
| Total functional expenses | $3,702,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,267 |
| Savings and temporary cash investments | $1,330,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,172 |
| 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 | $56,748 |
| Net Land, buildings, and equipment | $908,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $563,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,684 |
| Total assets | $2,975,111 |
| Accounts payable and accrued expenses | $264,682 |
| Grants payable | $0 |
| Deferred revenue | $816,721 |
| 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 | $120,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,732 |
| Total liabilities | $1,218,441 |
| Net assets without donor restrictions | $1,668,704 |
| Net assets with donor restrictions | $87,966 |
| 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 | $2,975,111 |