Swannanoa Valley Montessori School
- Assets
- $321.9k
- Revenue
- $553.3k
- Investments
- $0.0
- Employees
- 13
- Location
- Black Mountain, NC
- Founding
- 10/2003
- Data as of
- 06/2024
- EIN
- 22-3889575
Organization Overview
Swannanoa Valley Montessori School, operating under the name Black Mountain Montessori, is located in Black Mountain, NC. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Black Mountain Montessori employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Mountain Montessori 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 06/2024, Black Mountain Montessori generated $553.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $641.5k during the year ending 06/2024. While expenses have increased by 7.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WITH AN ACCOMPLISHED TEAM OF CARING AND DEDICATED MONTESSORI EDUCATORS, OUR MISSION IS GUIDING PRESCHOOL-3RD GRADE STUDENTS TO ACADEMIC ACHIEVEMENT, FORSTERING A LOVE OF LEARNING, BUILDING CHARACTER, AND INSTILLING THE IMPORTANCE OF CONTRIBUTING TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION IN A SAFE AND NUTURING ENVIRONMENT FOR CHILDREN PRESCHOOL TO 6RD GRADE USING THE MONTESSORI METHOD OF LEARNING. OUR VISION IS TO SUSTAIN A DIVERSE, MINDFUL AND AUTHENTIC MONTESSORI EDUCATIONAL COMMUNITY. WE HELP CHILDREN BECOME SELF-MOTIVATED, INDEPENDENT INDIVIDUALS WHO RESPECT THEMSELVES AND THE WORLD IN WHICH WE LIVE. WE HAVE THREE CHILDRENS HOUSE PRESCHOOL CLASSROOMS INCREASING OUR CURRENT ENROLLMENT CAPACITY TO 60 STUDENTS. OUR ELEMENTARY PROGRAM SERVES UP TO 12 CHILDREN FROM GRADES 1-6. APPROXIMATELY 81% OF OUR ELEMENTARY STUDENTS RECEIVE SCHOLARSHIP ASSISTANCE FROM THE STATE OF NORTH CAROLINA THROUGH EITHER ESA+ GRANT OR THE OPPORTUNITY SCHOLARSHIP PROGRAMS. WHEN POSSIBLE, WE PROVIDE FINANCIAL AID TO OUR CHILDRENS HOUSE STUDENTS WHEN A FAMILY NEEDS ASSISTANCE. OUR GOAL IS TO BE ABLE TO PARTICIPATE IN THE COUNTYS CHILD CARE SUBSIDY PROGRAM IN THE NEXT YEAR TO HELP SUPPORT FAMILIES WITH A GREATER FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Van Note Vice President Executive Di | OfficerTrustee | 0 | $68,692 |
Sarah Happel Board Member | Trustee | 0 | $0 |
John Apel Board Member | Trustee | 0 | $0 |
Shelly Jarrad Board Member | Trustee | 0 | $0 |
Autumn Wheeler Board Member | Trustee | 0 | $0 |
Tyler Gagnon Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,561 |
| Total Program Service Revenue | $506,049 |
| 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 | $553,296 |
| 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. | $70,627 |
| Compensation of current officers, directors, key employees. | $7,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,829 |
| Advertising and promotion | $10,491 |
| Office expenses | $5,212 |
| Information technology | $5,392 |
| Royalties | $0 |
| Occupancy | $56,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,778 |
| Insurance | $6,018 |
| All other expenses | $3,417 |
| Total functional expenses | $641,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,805 |
| 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 | $74,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,900 |
| Accounts payable and accrued expenses | $1,900 |
| Grants payable | $0 |
| Deferred revenue | $72,471 |
| 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 | $74,371 |
| Net assets without donor restrictions | $247,529 |
| 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 | $321,900 |