Montgomery School
- Assets
- $9.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 104
- Location
- Chester Springs, PA
- Founding
- 02/1939
- Data as of
- 06/2021
- EIN
- 23-1352662
Organization Overview
Montgomery School is located in Chester Springs, PA. The organization was established in 1939. 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 06/2021, Montgomery School employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery 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 06/2021, Montgomery School generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
NON-PROFIT PRIVATE SCHOOL DEDICATED TO THE EDUCATION OF STUDENTS IN MIND, BODY AND CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN PRE-KINDERGARDEN THROUGH GRADE 8. IN THE ACADEMIC YEAR 2020-21, MONTGOMERY SCHOOL ENROLLED 247 STUDENTS FROM CHESTER COUNTY AND OTHER AREAS IN THE COMMONWEALTH OF PENNSYLVANIA.
FACILITIES RENTAL PROGRAM: FACILITIES ARE RENTED OUT TO COMMUNITY GROUPS WHO ARE ALIGNED WITH MONTGOMERY SCHOOL'S MISSION, FOR ATHLETICS, ARTS, AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Sally Keidel Former Officer (head Of School) | 40 | $124,810 | |
James S Mcconnel Chief Financial Officer To Aug 2021 | Officer | 40 | $116,653 |
Tom Mcmanus Head Of School | Officer | 40 | $108,595 |
Andrew Cocco Director Of Enrollment | 40 | $102,900 | |
Patricia Dahm Vice Chair | OfficerTrustee | 1 | $0 |
Doug Gessl Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,749 |
| Related organizations | $0 |
| Government grants | $300,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,561 |
| Noncash contributions included in lines 1a–1f | $128,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,818 |
| Total Program Service Revenue | $5,455,255 |
| Investment income | $28,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,989 |
| Net Income from Fundraising Events | -$33,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,307,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $1,400,935 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,403 |
| Compensation of current officers, directors, key employees. | $146,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,717,231 |
| Pension plan accruals and contributions | $44,156 |
| Other employee benefits | $685,218 |
| Payroll taxes | $233,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,580 |
| Fees for services: Accounting | $32,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,122 |
| Advertising and promotion | $107,849 |
| Office expenses | $97,798 |
| Information technology | $202,401 |
| Royalties | $0 |
| Occupancy | $39,410 |
| Travel | $1,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $395 |
| Interest | $66,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,968 |
| Insurance | $93,557 |
| All other expenses | $38,021 |
| Total functional expenses | $7,162,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,921 |
| Savings and temporary cash investments | $1,471,137 |
| Pledges and grants receivable | $338,258 |
| Accounts receivable, net | $122,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,974 |
| Prepaid expenses and deferred charges | $210,038 |
| Net Land, buildings, and equipment | $6,249,197 |
| Investments—publicly traded securities | $858,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,910,694 |
| Accounts payable and accrued expenses | $417,253 |
| Grants payable | $0 |
| Deferred revenue | $1,171,898 |
| Tax-exempt bond liabilities | $2,044,158 |
| 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 | $3,633,309 |
| Net assets without donor restrictions | $6,020,250 |
| Net assets with donor restrictions | $257,135 |
| 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 | $9,910,694 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Montgomery School has recieved totaling $60,084.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,847 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $6,000 |
Mutual Fire Foundation Inc Exton, PA PURPOSE: SCHOLARSHIPS | $5,542 |
W Percy Simpson Tr 6 62252 Radnor, PA PURPOSE: FOR GENERAL SUPPORT | $4,500 |
Anne Boyd Lichtenstein Foundation New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $74,931 |
| Net Contributions | $20 |
| Ending Balance | $74,951 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |