Princeton Montessori Society
- Assets
- $8.3m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 102
- Location
- Princeton, NJ
- Founding
- 02/1969
- Data as of
- 06/2023
- EIN
- 22-1853399
Organization Overview
Princeton Montessori Society is located in Princeton, NJ. The organization was established in 1969. 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, Princeton Montessori Society employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Montessori Society 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, Princeton Montessori Society generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $9.1m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 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
ORGANIZATIONS MISSION (PAGE 1, PART I, LINE 1 & PAGE 2, PART III, LINE 1): PRINCETON MONTESSORI SOCIETY IS DEDICATED TO DEVELOPING PASSION AND NURTURING POTENTIAL IN EACH CHILD, THROUGH THE VALUES AND PRINCIPLES OF THE MONTESSORI PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 STRATEGIC PLAN - EDUCATION: ENSURE ALL PROGRAMS OFFER THE HIGHEST QUALITY EDUCATION ACCORDING TO MONTESSORI STANDARDS. ENSURE UPPER SCHOOL USES 21ST CENTURY BEST PRACTICES AND MEASURES AND COMMUNICATES STUDENT OUTCOMES.OUTCOME: INCREASED INNOVATION, QUALITY ASSURANCE COMMUNICATION, FULL ENROLLMENT, AND INCREASED DIVERSITY AND INCLUSION. (CONTINUED SCHEDULE O)
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 |
|---|---|---|---|
Michelle Morrison Executive Director | 40 | $155,806 | |
Andrea Obrian Executive Director | OfficerTrustee | 40 | $112,407 |
Dale Santos Former Director Of Finance | 40 | $63,801 | |
Betty Chin Director Of Finance | Officer | 40 | $54,075 |
Caroline Scriven Board Of Director | Trustee | 2 | $0 |
James Chambers Board Of Director | Trustee | 2 | $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 | $117,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,469 |
| Total Program Service Revenue | $9,070,051 |
| Investment income | $39,537 |
| 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 | $9,227,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,438,051 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,089 |
| Compensation of current officers, directors, key employees. | $251,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,884,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $479,519 |
| Payroll taxes | $290,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,228 |
| Fees for services: Accounting | $30,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432,753 |
| Advertising and promotion | $41,784 |
| Office expenses | $19,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,431 |
| Travel | $64,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $242,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,557 |
| Insurance | $54,336 |
| All other expenses | $168,056 |
| Total functional expenses | $9,112,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,071 |
| Savings and temporary cash investments | $2,453,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,451 |
| 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 | $132,776 |
| Net Land, buildings, and equipment | $5,302,464 |
| Investments—publicly traded securities | $57,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $325,352 |
| Total assets | $8,307,117 |
| Accounts payable and accrued expenses | $198,775 |
| Grants payable | $0 |
| Deferred revenue | $2,401,557 |
| 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 | $6,300,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,982 |
| Total liabilities | $8,929,918 |
| Net assets without donor restrictions | -$622,801 |
| 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 | $8,307,117 |