Rainbow Montessori Inc
- Assets
- $1.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 95
- Location
- Clifton, NJ
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 22-3390845
Organization Overview
Rainbow Montessori Inc is located in Clifton, NJ. The organization was established in 1997. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Rainbow Montessori Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Montessori 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 12/2021, Rainbow Montessori Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 10.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF PRESCHOOL THROUGH AGE SIX CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION OPERATES EDUCATIONAL FACILITIES FOR CHILDREN OF PRESCHOOL THROUGH AGE SIX.
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 |
|---|---|---|---|
Jacqueline Licata Alectoridis Director | Officer | 35 | $210,225 |
Jane Maffucci Director | Officer | 35 | $210,207 |
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 | $2,815,253 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,253 |
| 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. | $420,432 |
| Compensation of current officers, directors, key employees. | $420,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,357,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,057 |
| Payroll taxes | $153,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $802 |
| Fees for services: Accounting | $6,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,593 |
| Office expenses | $75,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,489 |
| Insurance | $81,741 |
| All other expenses | $188,333 |
| Total functional expenses | $2,999,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,133 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $471,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,498 |
| Total assets | $1,152,077 |
| Accounts payable and accrued expenses | $63,966 |
| Grants payable | $0 |
| 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 | $63,966 |
| Net assets without donor restrictions | $1,088,111 |
| 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 | $1,152,077 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rainbow Montessori Inc has recieved totaling $10,782.
| Awarding Organization | Amount |
|---|---|
Prevent Child Abuse-New Jersey Chapter Inc New Brunswick, NJ PURPOSE: C | $10,377 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $405 |
Peer Organizations
| 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 |