Raritan Valley Montessori Academy Inc
- Assets
- $552.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Bridgewater, NJ
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 22-3530993
Organization Overview
Raritan Valley Montessori Academy Inc is located in Bridgewater, NJ. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Raritan Valley Montessori Academy Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raritan Valley Montessori Academy 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, Raritan Valley Montessori Academy Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
THE SCHOOL IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATING CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION FEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Meldrum President | OfficerTrustee | 20 | $62,183 |
Lee Zulanch Vice President | OfficerTrustee | 1 | $0 |
John Fiumara Secretary | OfficerTrustee | 1 | $0 |
Ronald Meldrum Treasurer | OfficerTrustee | 5 | $0 |
Jacqueline Paterson Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,320 |
| 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 | $350,320 |
| Total Program Service Revenue | $1,063,689 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,989 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,416,049 |
| 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. | $62,183 |
| Compensation of current officers, directors, key employees. | $41,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,729 |
| Pension plan accruals and contributions | $5,066 |
| Other employee benefits | $0 |
| Payroll taxes | $61,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,154 |
| Office expenses | $18,342 |
| Information technology | $4,310 |
| Royalties | $0 |
| Occupancy | $149,638 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,270 |
| Insurance | $36,348 |
| All other expenses | $18,424 |
| Total functional expenses | $1,149,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,480 |
| Savings and temporary cash investments | $33,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,553 |
| 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 | $9,151 |
| Net Land, buildings, and equipment | $72,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,936 |
| Total assets | $552,615 |
| Accounts payable and accrued expenses | $27,243 |
| Grants payable | $0 |
| Deferred revenue | $218,221 |
| 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 | $12,663 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,827 |
| Total liabilities | $268,954 |
| Net assets without donor restrictions | $283,661 |
| 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 | $552,615 |