Providence Montessori School Inc
- Assets
- $4.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 92
- Location
- Lexington, KY
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 31-1041787
Organization Overview
Providence Montessori School Inc is located in Lexington, KY. The organization was established in 1982. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Providence Montessori School Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence 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, Providence Montessori School Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALILTY EDUCATION TO CHILDREN FROM PRE-SCHOOL THROUGH SIXTH GRADE EMPLOYING THE MONTESSORI METHOD AND THEORIES OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SCHOOL FOR PRE-SCHOOL THROUGH SIXTH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Young Co Ex. Director | Trustee | 40 | $85,053 |
Joellen Kuhn Co Ex. Director | Trustee | 40 | $81,877 |
Lynn Zellen President | Trustee | 0 | $0 |
Jeff Markowitz Vice President | Trustee | 0 | $0 |
Laura Beiting Former Pres. | Trustee | 0 | $0 |
Justin Denton Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,132,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,269 |
| Noncash contributions included in lines 1a–1f | $1,445 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,639 |
| Total Program Service Revenue | $2,678,581 |
| Investment income | $8,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,813 |
| Net Gain/Loss on Asset Sales | -$302 |
| Net Income from Fundraising Events | $40,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,939,011 |
| 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. | $83,385 |
| Compensation of current officers, directors, key employees. | $83,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,111,011 |
| Pension plan accruals and contributions | $86,876 |
| Other employee benefits | $187,433 |
| Payroll taxes | $151,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,288 |
| Fees for services: Accounting | $15,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $533 |
| Office expenses | $5,124 |
| Information technology | $11,209 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,928 |
| Insurance | $32,013 |
| All other expenses | $118,308 |
| Total functional expenses | $3,289,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,029,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,357 |
| 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 | $2,644,380 |
| Investments—publicly traded securities | $548,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,442 |
| Other assets | $0 |
| Total assets | $4,254,476 |
| Accounts payable and accrued expenses | $90,556 |
| Grants payable | $0 |
| Deferred revenue | $476,904 |
| Tax-exempt bond liabilities | $1,343,410 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $159,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,070,112 |
| Net assets without donor restrictions | $2,051,508 |
| Net assets with donor restrictions | $132,856 |
| 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 | $4,254,476 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Providence Montessori School Inc has recieved totaling $85,571.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $74,491 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Trinity Episcopal School Inc Richmond, VA | $26,705,418 | $14,683,376 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Norfolk Collegiate School Norfolk, VA | $25,101,783 | $13,831,989 |