Horizon Montessori School
- Assets
- $896.4k
- Revenue
- $521.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Cleveland Heights, OH
- Founding
- 05/1984
- Data as of
- 08/2022
- EIN
- 34-1121877
Organization Overview
Horizon Montessori School is located in Cleveland Heights, OH. The organization was established in 1984. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, Horizon Montessori School employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon Montessori 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 08/2022, Horizon Montessori School generated $521.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $310.3k during the year ending 08/2022. 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 EDUCATIONAL SERVICES TO CHILDREN FROM 18 MONTHS THROUGH KINDERGARTEN AGE USING A MONTESSORI DEVELOPMENTAL APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Roberto Executive Director | OfficerTrustee | 45 | $3,486 |
Jeff Lucier Vice President | OfficerTrustee | 3 | $0 |
C Reynolds Keller Treasurer | OfficerTrustee | 3 | $0 |
Daniel Schmidt President | OfficerTrustee | 3 | $0 |
Chauncey Keller Secretary | OfficerTrustee | 3 | $0 |
Fiona Payne Wollman Trustee / Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,384 |
| Total Program Service Revenue | $299,108 |
| Investment income | $4,714 |
| 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 | $521,206 |
| 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. | $3,486 |
| Compensation of current officers, directors, key employees. | $697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,733 |
| Pension plan accruals and contributions | $3,087 |
| Other employee benefits | $3,508 |
| Payroll taxes | $13,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,295 |
| Advertising and promotion | $653 |
| Office expenses | $3,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,252 |
| Insurance | $5,647 |
| All other expenses | $12,848 |
| Total functional expenses | $310,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,422 |
| 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 | $27 |
| Net Land, buildings, and equipment | $169,862 |
| Investments—publicly traded securities | $362,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,372 |
| Accounts payable and accrued expenses | $264 |
| Grants payable | $0 |
| Deferred revenue | $73,469 |
| 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 | $0 |
| Total liabilities | $73,733 |
| 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 | $822,639 |
| Total liabilities and net assets/fund balances | $896,372 |
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