Somerset Hills Montessori School
- Assets
- $502.0k
- Revenue
- $363.7k
- Investments
- $0.0
- Employees
- 19
- Location
- Basking Ridge, NJ
- Founding
- 04/1980
- Data as of
- 12/2020
- EIN
- 22-2197376
Organization Overview
Somerset Hills Montessori School is located in Basking Ridge, NJ. The organization was established in 1980. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2020, Somerset Hills Montessori School employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Hills Montessori School 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 12/2020, Somerset Hills Montessori School generated $363.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $514.2k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE EXEMPT PURPOSE OF SOMERSET HILLS MONTESSORI SCHOOL IS TO PROVIDE PRE-SCHOOL KINDERGARTEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL AND ULL TIME CHILDCARE SERVICES TO TODDLERS, PRESCHOOL AND KIDERGARTEN AGE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hoda Mahmoud President, Sponsor, Director | OfficerTrustee | 40 | $92,899 |
Gary Baumann Secretary | OfficerTrustee | 0.5 | $0 |
Mohamed Mohamed Vice President, Director | OfficerTrustee | 0.5 | $0 |
Lorine Jen Treasurer | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $363,643 |
| Investment income | $47 |
| 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 | $363,690 |
| 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 | $319,634 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,375 |
| Payroll taxes | $31,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,203 |
| Office expenses | $3,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $30,857 |
| Insurance | $19,964 |
| All other expenses | $27,937 |
| Total functional expenses | $514,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,302 |
| Savings and temporary cash investments | $53,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $345,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,035 |
| Accounts payable and accrued expenses | $6,221 |
| Grants payable | $93,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,021 |
| Net assets without donor restrictions | $0 |
| 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 | $12,796 |
| Retained earnings, endowment, accumulated income, or other funds | $389,218 |
| Total liabilities and net assets/fund balances | $502,035 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somerset Hills Montessori School has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Development Center Of The Mosholu-Montefiore Community Ctr Bronx, NY | $19,183,029 | $23,759,711 |
L I Child And Family Development Services Inc Patchogue, NY | $8,673,836 | $20,972,293 |
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 |