Waypoint Montessori
- Assets
- $4.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 47
- Location
- Colleyville, TX
- Founding
- 09/1974
- Data as of
- 06/2023
- EIN
- 23-7394611
Organization Overview
Waypoint Montessori is located in Colleyville, TX. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Waypoint Montessori employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waypoint 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 06/2023, Waypoint Montessori generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MONTESSORI EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI TEACHING FOR PRESCHOOL AND ELEMENTARY AGED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicky Ramiriez Bravo Treasurer | Trustee | 10 | $0 |
Ana Greenberg Trustee | Trustee | 10 | $0 |
Sid Mody Trustee | Trustee | 10 | $0 |
Justin Padron Interm Board | Trustee | 15 | $0 |
Jennifer Priest Secretary | Trustee | 10 | $0 |
Debby Riordan Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,306 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,284 |
| Total Program Service Revenue | $1,985,359 |
| Investment income | $19,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$79 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,071,343 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,214,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,589 |
| Payroll taxes | $97,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,780 |
| Fees for services: Accounting | $3,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,906 |
| Advertising and promotion | $1,005 |
| Office expenses | $0 |
| Information technology | $7,799 |
| Royalties | $0 |
| Occupancy | $162,719 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,198 |
| Insurance | $44,002 |
| All other expenses | $17,507 |
| Total functional expenses | $1,945,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,056,140 |
| Savings and temporary cash investments | $1,311,833 |
| 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 | $2,480 |
| Net Land, buildings, and equipment | $1,773,187 |
| Investments—publicly traded securities | $86,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,618 |
| Total assets | $4,304,070 |
| Accounts payable and accrued expenses | $18,758 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,878,916 |
| Total liabilities | $1,897,674 |
| 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 | $2,406,396 |
| Total liabilities and net assets/fund balances | $4,304,070 |