Westmont School Inc is located in Mendham, NJ. The organization was established in 1968. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westmont 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, Westmont School Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 4.1% 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
PRESCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI METHOD OF EDUCATION PRESCHOOL FOR CHILDREN AGES FROM 18 MONTHS TO 6 YEARS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephanie Caravela Secretary | Officer | 0 | $0 |
Liz Ewing Treasurer | Officer | 0 | $0 |
Dan O' Donnell Chairman | Officer | 0 | $0 |
Kellie Anderson Board Member | Trustee | 0 | $0 |
Maria Fehling Board Member | Trustee | 0 | $0 |
Jessica Golumbeski Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $19,750 |
Related organizations | $0 |
Government grants | $385,000 |
All other contributions, gifts, grants, and similar amounts not included above | $80,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $484,750 |
Total Program Service Revenue | $1,615,979 |
Investment income | $129,698 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $38,391 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,282,238 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,307,343 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $63,654 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,672 |
Fees for services: Other | $19,295 |
Advertising and promotion | $27,246 |
Office expenses | $11,100 |
Information technology | $33,537 |
Royalties | $0 |
Occupancy | $142,454 |
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 | $93,115 |
Insurance | $29,326 |
All other expenses | $8,556 |
Total functional expenses | $1,804,568 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $631,026 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,500 |
Accounts receivable, net | $1,065,204 |
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 | $2,142 |
Net Land, buildings, and equipment | $1,689,041 |
Investments—publicly traded securities | $2,428,327 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3 |
Total assets | $5,821,243 |
Accounts payable and accrued expenses | $92,091 |
Grants payable | $0 |
Deferred revenue | $1,554,355 |
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 | $1,646,446 |
Net assets without donor restrictions | $4,111,015 |
Net assets with donor restrictions | $63,782 |
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 | $5,821,243 |
Over the last fiscal year, we have identified 1 grants that Westmont School Inc has recieved totaling $200.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $200 |
Organization Name | Assets | Revenue |
---|---|---|
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |
Washington Market School New York, NY | $36,001,590 | $10,094,278 |
Morris And Rose Caskey Torah Academy Of Greater Philadelphia Wynnewood, PA | $19,605,172 | $11,408,583 |
Princeton Montessori Society Princeton, NJ | $8,329,429 | $8,795,588 |
Greater Brunswick Regional Charter School New Brunswick, NJ | $10,553,733 | $8,313,208 |