Montessori Academy At Edison Lakes Inc
- Assets
- $2.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Mishawaka, IN
- Founding
- 01/1971
- Data as of
- 06/2022
- EIN
- 23-7092572
Organization Overview
Montessori Academy At Edison Lakes Inc is located in Mishawaka, IN. The organization was established in 1971. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Montessori Academy At Edison Lakes Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Academy At Edison Lakes 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, Montessori Academy At Edison Lakes Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATEMENT OF PHILOSOPHY - THE MONTESSORI ACADEMY ACKNOWLEDGES THE IMPACT OF CRITICAL LEARNING PERIODS IN EARLY CHILDHOOD ON DEVELOPING SOCIAL, EMOTIONAL, INTELLECTUAL, PHYSICAL, AND MORAL COMPETENCIES. THE INFLUENCE OF A MONTESSORI-BASED EDUCATION RESPECTS THE UNIQUENESS OF EACH PERSON AND PRESERVES AND NURTURES AN INNATE CAPACITY TO REACH FULL POTENTIAL AS CONTRIBUTING WORLD CITIZENS. THIS IS ACCOMPLISHED THROUGH INDIVIDUALLY PACED ACADEMIC INSTRUCTION AND ACTIVITIES DIRECTED BY MONTESSORI CERTIFIED PROFESSIONALS WORKING IN CONCERT WITH STUDENTS AND THEIR FAMILIES. OUR CURRICULUM PROVIDES FOR CONCEPT DEVELOPMENT AND SKILL ACQUISTIONS IN PREPARED CLASSROOMS WITH A FOCUS ON LEARING-BY-DOING. OUR METHODS ENABLE STUDENTS TO DEVELOP RESPECT FOR INDIVIDUAL DIFFERENCES AS THEY ENGAGE IN PURPOSEFUL, COLLABORATIVE LEARNING. OUR STUDENTS USE INNER DISCIPLINE, CONCENTRATION, AND TASK COMPLETION FOR LIFELONG CRITICAL THINKING AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTESSORI ACADEMY OPERATES AN EDUCATIONAL PROGRAM FOR PRE-SCHOOL THROUGH 8TH GRADE. IT IS THE FIRST PRIVATE SCHOOL IN THE STATE OF INDIANA TO BE DUALLY ACCREDITED BY THE INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES (ISACS) AND THE AMERICAN MONTESSORI SOCIETY (AMS), OFFERING A VARIETY OF PROGRAMS INCLUDING BEFORE AND AFTER CARE PROGRAMMING, ATHLETICS, AFTER SCHOOL ENRICHMENT PROGRAMS, EARLY CHILDHOOD HALF/FULL DAY, EXTENDED DAY KINDERGARTEN, LOWER ELEMENTARY, UPPER ELEMENTARY, AND JUNIOR HIGH. IN THE 2021-2022 SCHOOL YEAR, THE ACADEMY HAD 216 STUDENTS WITH 16 CLASSROOMS. IN ADDITION, THE ACADEMY ALSO RUNS A MONTESSORI CLASSROOM AT THE SOUTH BEND CENTER FOR THE HOMELESS, THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland Kelly Head Of Scho | OfficerTrustee | 40 | $89,917 |
Matt Jun Director Of | OfficerTrustee | 40 | $59,105 |
Peter Ashley Trustee | Trustee | 1 | $0 |
Matthew Champion Past-Preside | OfficerTrustee | 1 | $0 |
Erin Corcoran Trustee | Trustee | 1 | $0 |
Ansley Covey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,684 |
| Related organizations | $0 |
| Government grants | $227,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,828 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,512 |
| Total Program Service Revenue | $2,167,811 |
| Investment income | $2,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,239 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,597,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $432,845 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,360 |
| Compensation of current officers, directors, key employees. | $110,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,162,672 |
| Pension plan accruals and contributions | $29,328 |
| Other employee benefits | $49,706 |
| Payroll taxes | $97,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,103 |
| Advertising and promotion | $24,659 |
| Office expenses | $18,558 |
| Information technology | $13,415 |
| Royalties | $0 |
| Occupancy | $235,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,030 |
| Interest | -$186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,832 |
| Insurance | $30,782 |
| All other expenses | $1,381 |
| Total functional expenses | $2,548,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,734 |
| Savings and temporary cash investments | $99,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,023 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,381 |
| Net Land, buildings, and equipment | $1,889,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,572 |
| Total assets | $2,347,721 |
| Accounts payable and accrued expenses | $140,770 |
| Grants payable | $0 |
| Deferred revenue | $260,211 |
| 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 | $400,981 |
| Net assets without donor restrictions | $1,958,380 |
| Net assets with donor restrictions | -$11,640 |
| 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 | $2,347,721 |