Acorn Montessori School Inc
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Lebanon, NJ
- Founding
- Data as of
- 06/2021
- EIN
- 22-2553331
Organization Overview
Acorn Montessori School Inc is located in Lebanon, NJ. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Acorn Montessori School Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acorn 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 06/2021, Acorn Montessori School Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ENRICHING MONTESSORI-BASED EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY, PRIMARY AND TODDLER EDUCATIONAL PROGRAMMING
SPECIAL PROGRAMS AND AFTER SCHOOL ACTIVITIES
ELEMENTARY, PRIMARY AND TODDLER EDUCATIONAL PROGRAMMING
SPECIAL PROGRAMS AND AFTER SCHOOL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Taylor Vice Chair | OfficerTrustee | $0 | |
Andrew Tomlinson Board Presid | OfficerTrustee | $0 | |
Byron Brisby Member | Trustee | $0 | |
Philip Donchevich Member | Trustee | $0 | |
Barbara Pawlick Sec/asst. Ho | Trustee | $0 | |
Derek Ferguson Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,123 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,038,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $36,179 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $604,684 |
| Pension plan accruals and contributions | $2,004 |
| Other employee benefits | $0 |
| Payroll taxes | $50,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,250 |
| Advertising and promotion | $28,118 |
| Office expenses | $11,690 |
| 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 | $66,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,716 |
| Insurance | $39,917 |
| All other expenses | $0 |
| Total functional expenses | $1,043,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,081 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,204 |
| Total assets | $2,808,364 |
| Accounts payable and accrued expenses | $18,202 |
| Grants payable | $0 |
| Deferred revenue | $587,122 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $353,633 |
| Secured mortgages and notes payable | $1,086,570 |
| Unsecured mortgages and notes payable | $470,859 |
| Other liabilities | $0 |
| Total liabilities | $2,516,386 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $291,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Acorn Montessori School Inc has recieved totaling $112.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |