Coastal Montessori Charter School
- Assets
- $8.0m
- Revenue
- $2.8m
- Investments
- $2.0m
- Employees
- 67
- Location
- Pawleys Island, SC
- Founding
- 03/2013
- Data as of
- 06/2022
- EIN
- 27-4513777
Organization Overview
Coastal Montessori Charter School is located in Pawleys Island, SC. The organization was established in 2013. 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, Coastal Montessori Charter School employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Montessori 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, Coastal Montessori Charter School generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.7m 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
COMBINING THE TIME-TESTED EFFECTIVENESS OF MONTESSORI WITH THE EQUAL OPPORTUNITY OF FREE PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED UNDER THE SC CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENTS, WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN GEORGETOWN COUNTY. THE FOUNDING COASTAL MONTESSORI CHARTER SCHOOL (CMCS) PLANNING COMMITTEE CHOSE MONTESSORIBECAUSE IT HONORS THE WAY CHILDREN LEARN NATURALLY, DEVELOPS THE WHOLE CHILD, AND PRODUCES SOCIALLY RESPONSIBLE CITIZENS. CMCS SERVES A DIVERSE STUDENT POPULATION; 15% RECEIVE SPECIAL EDUCATION SUPPORT, 17% ARE IDENTIFIED GIFTED AND TALENTED, 13% RECEIVE FREE OR REDUCEDLUNCH, AND 34% ARE CATEGORIZED AS STUDENTS IN POVERTY.
CMCS OFFERS A MONTESSORI EDUCATION TO STUDENTS IN GRADES FIRST THROUGH EIGHTH GRADE. THE TWO PILLARS OF MONTESSORI ARE DISCOVERY LEARNING AND DEVELOPING A CHILD'S INDEPENDENCE BY NOT DOING FOR THE CHILD WHAT THE CHILD CAN DO FOR HIMSELF. MONTESSORI IS MULTI-AGE CLASSROOMS, INDIVIDUALIZED INSTRUCTION AND SELF-PACED LEARNING, HANDS-ON MATERIALS, SPECIALLY TRAINED TEACHERS FACILITATING EACH CHILD'S OWN DISCOVERY KNOWLEDGE, FREEDOM WITHIN LIMITS FOSTERING INDIVIDUAL RESPONSIBILITY, SOCIAL AS WELL AS ACADEMIC DEVELOPMENT, A GLOBAL PERSPECTIVE WHICH INTEGRATES THE STUDY OF DIVERSE CULTURES AND RESPECT FOR BASIC HUMAN RIGHTS, AND STEWARDSHIP OF THE ENVIRONMENT.
CMCS PARTICIPATES IN COMMUNITY OUTREACH PROGRAMS THROUGHOUT THE YEAR. IN 2021 SOME OF THESE INCLUDED: FOOD DRIVE FOR BASKERVIL PANTRY, FOOD DRIVE FOR FRIENDSHIP PLACE, SHOE DRIVE FOR ST. FRANCIS ANIMAL SHELTER, TOY DRIVE FOR TOYS FOR TOTS (MARINES), VOLUNTEER TO READ TO RESIDENTS OF THE ARBOR LANDING (ALZHEIMERS HOME), AND SEVERAL BEACH CLEAN UP FIELD TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Graziano Member | Trustee | 0.5 | $0 |
Nicole Isaia Member | Trustee | 0.5 | $0 |
Ashley Nelson Member | Trustee | 0.5 | $0 |
Sarah Smith Member | Trustee | 0.5 | $0 |
Freddy Young Jr Member | Trustee | 0.5 | $0 |
Tyler Easterling Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,733,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,762,649 |
| Total Program Service Revenue | $62,175 |
| Investment income | $6,525 |
| 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 | $2,831,349 |
| 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 | $1,524,345 |
| Pension plan accruals and contributions | $32,462 |
| Other employee benefits | $240,147 |
| Payroll taxes | $111,072 |
| Fees for services: Management | $22,637 |
| Fees for services: Legal | $4,100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,650 |
| Advertising and promotion | $8,520 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $292,399 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,196 |
| Insurance | $40,868 |
| All other expenses | $3,546 |
| Total functional expenses | $2,737,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,492 |
| 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 | $10,944 |
| Net Land, buildings, and equipment | $5,596,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,972,769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,418 |
| Total assets | $8,015,486 |
| Accounts payable and accrued expenses | $52,193 |
| 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 | $6,071,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,123,398 |
| Net assets without donor restrictions | $2,097,018 |
| Net assets with donor restrictions | -$204,930 |
| 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 | $8,015,486 |