Montessori Regional Charter School
- Assets
- $12.7m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 80
- Location
- Erie, PA
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 25-1874995
Organization Overview
Montessori Regional Charter School is located in Erie, PA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Montessori Regional Charter School employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Regional Charter 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 06/2022, Montessori Regional Charter School generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 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
TO PROVIDE A SUPERIOR MONTESSORI PROGRAM OF STUDY THAT WILL DEVELOP LIFELONG LEARNERS. CHILDREN WILL BE PREPARED ACADEMICALLY, EMOTIONALLY, AND SOCIALLY BY CREATING A LOVE OF LEARNING THROUGH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI REGIONAL CHARTER SCHOOL IS A CHARTER SCHOOL GRANTED BY PUBLIC SCHOOL DISTRICTS TO SERVE PUBLIC SCHOOL STUDENTS SEEKING A MONTESSORI BASED EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Palmer President | OfficerTrustee | 1 | $0 |
Melvyn Nair Vice President | OfficerTrustee | 1 | $0 |
Kaley Getz Treasurer | OfficerTrustee | 1 | $0 |
Jill Merritt Secretary | OfficerTrustee | 1 | $0 |
Vanessa Wilkins Board Member - Left January 2022 | Trustee | 1 | $0 |
Kristina Semeniken Board Member - Joined January 2022 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perry Construction Group Construction | 6/29/22 | $242,022 |
Rabe Environmental System Construction | 6/29/22 | $136,418 |
Petermann Transporation | 6/29/22 | $155,189 |
George Althof Inc Construction | 6/29/22 | $126,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $1,836,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,888,438 |
| Total Program Service Revenue | $6,625,449 |
| Investment income | $1,956 |
| 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 | $8,740,631 |
| 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. | $180,869 |
| Compensation of current officers, directors, key employees. | $63,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,976,625 |
| Pension plan accruals and contributions | $1,029,008 |
| Other employee benefits | $811,348 |
| Payroll taxes | $224,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,651 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,258 |
| Advertising and promotion | $7,482 |
| Office expenses | $546,095 |
| Information technology | $127,919 |
| Royalties | $0 |
| Occupancy | $363,289 |
| Travel | $193,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,705 |
| Interest | $170,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,552 |
| Insurance | $55,525 |
| All other expenses | $11,150 |
| Total functional expenses | $7,755,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,797,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $329,758 |
| Accounts receivable, net | $590,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,189 |
| Prepaid expenses and deferred charges | $5,788 |
| Net Land, buildings, and equipment | $6,545,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,393,098 |
| Total assets | $12,674,934 |
| Accounts payable and accrued expenses | $1,301,204 |
| Grants payable | $0 |
| Deferred revenue | $17,614 |
| 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 | $3,920,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,773,000 |
| Total liabilities | $16,012,194 |
| 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 | -$3,337,260 |
| Total liabilities and net assets/fund balances | $12,674,934 |