Montgomery Montessori School Inc
- Assets
- $428.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Huntingdon Valley, PA
- Founding
- 06/1989
- Data as of
- 08/2023
- EIN
- 23-2490660
Organization Overview
Montgomery Montessori School Inc is located in Huntingdon Valley, PA. The organization was established in 1989. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Montgomery Montessori School Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery 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 08/2023, Montgomery Montessori School Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 4.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A NON-PROFIT DAYCARE AND PRESCHOOL CENTER. THE SCHOOL IS A PARENT-RUN ORGANIZATION MONTGOMERY MONTESSORI SCHOOL IS A NON-PROFIT MONTESSORI PRESCHOOL WHICH OFFERS A UNIQUE EARLY CHILD EXPERIENCE FOR THE CHILDREN ENROLLED, BY OFFERING A COMPREHENSIVE EXPERIENCE THAT TARGETS THE INDIVIDUAL ATTRIBUTES OF EACH CHILD. OUR CHARACTER AS A MONTESSORI SCHOOL DERVIES FROM OUR AFFILIATION WITH THE AMERICAN MONTESSORI SOCIETY AND THE INTERNATIONAL MONTESSORI SOCIETY. WE AIM TO PROVIDE A TOTAL LEARNING ENVIRONMENT THAT IS PEACEFUL AND FUN. THE MONTESSORI APPROACH SPECIFICALLY FEATURES SELF- DIRECTED AND SELF-CORRECTING ACTIVITIES USING SPECIALLY SIZED AND STRUCTURED MATERIALS. OUR GOAL IS TO BUILD THE CHILD'S INDEPENDENCE, CONFIDENCE AND SELF-DISCIPLINE BY BALANCING FREEDOM WITH AN ORDERLY STRUCTURE. THE CHILDREN NOT ONLY GAIN AN APPRECIATION OF THEIR OWN TALENTS BUT ALSO LEARN AT A VERY EARLY AGE THE IMPORTANCE OF WORKING TOGETHER TO ACCOMPLISH SET GOALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A NON-PROFIT DAYCARE AND PRESCHOOL CENTER. THE SCHOOL IS A PARENT-RUN ORGANIZATION.
OPERATION OF A NON-PROFIT DAYCARE AND PRESCHOOL CENTER. THE SCHOOL IS A PARENT-RUN ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Slifer Director | OfficerTrustee | 60 | $118,074 |
Kathleen Slifer Asst. Director | OfficerTrustee | 45 | $65,319 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,812 |
| 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 | $81,812 |
| Total Program Service Revenue | $1,153,024 |
| Investment income | $5,615 |
| 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 | $1,240,451 |
| 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. | $188,917 |
| Compensation of current officers, directors, key employees. | $188,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,517 |
| Payroll taxes | $88,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,997 |
| Advertising and promotion | $10,502 |
| Office expenses | $14,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,050 |
| Travel | $7,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,930 |
| Insurance | $18,187 |
| All other expenses | $4,167 |
| Total functional expenses | $1,305,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $33,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,833 |
| Total assets | $428,049 |
| Accounts payable and accrued expenses | $0 |
| 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 | $138,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,483 |
| Total liabilities | $282,208 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $145,841 |
| Total liabilities and net assets/fund balances | $428,049 |