Lexington Montessori School Inc
- Assets
- $535.9k
- Revenue
- $434.2k
- Investments
- $0.0
- Employees
- 22
- Location
- Lexington, KY
- Founding
- 11/1980
- Data as of
- 06/2021
- EIN
- 31-0992872
Organization Overview
Lexington Montessori School Inc is located in Lexington, KY. The organization was established in 1980. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Lexington Montessori School Inc employed 22 individuals. This organization is the central organization for a national or regional group of organizations. Lexington 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 06/2021, Lexington Montessori School Inc generated $434.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $452.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL RESOURCES THROUGH THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL RESOURCES THROUGH THE MONTESSORI METHOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randilynn Tucker Director | Trustee | 40 | $55,525 |
Sam Collins President/treas | OfficerTrustee | 10 | $0 |
Chuck Kemp Director | Trustee | 10 | $0 |
Laura Childs Director | Trustee | 10 | $0 |
Sadie Norris Director | Trustee | 10 | $0 |
Dana Smith Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,954 |
| Total Program Service Revenue | $386,913 |
| Investment income | $1,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,078 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,177 |
| 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. | $55,525 |
| Compensation of current officers, directors, key employees. | $55,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,306 |
| Pension plan accruals and contributions | $4,978 |
| Other employee benefits | $56,633 |
| Payroll taxes | $21,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,602 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,800 |
| Travel | $141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,454 |
| Insurance | $6,801 |
| All other expenses | $9,241 |
| Total functional expenses | $452,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,979 |
| 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 | $29,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,300 |
| Total assets | $535,942 |
| Accounts payable and accrued expenses | $4,269 |
| Grants payable | $0 |
| Deferred revenue | $5,750 |
| 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 | $6,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,700 |
| Total liabilities | $79,019 |
| Net assets without donor restrictions | $456,923 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $535,942 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lexington Montessori School Inc has recieved totaling $215.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
Pathway Inc Toledo, OH | $1,947,954 | $15,676,190 |
Leonard And Susan Fuchs Mizrachi School Beachwood, OH | $63,214,368 | $13,451,315 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Child Care Resource Center Of Cuyahoga County Cleveland, OH | $5,221,997 | $11,522,146 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |