Montessori Academy In The Oaks Inc
- Assets
- $187.0k
- Revenue
- $246.1k
- Investments
- $0.0
- Employees
- 19
- Location
- Hobart, IN
- Founding
- 11/1968
- Data as of
- 07/2021
- EIN
- 35-1129816
Organization Overview
Montessori Academy In The Oaks Inc is located in Hobart, IN. The organization was established in 1968. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2021, Montessori Academy In The Oaks Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Academy In The Oaks 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 07/2021, Montessori Academy In The Oaks Inc generated $246.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $205.8k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) 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
EDUCATION OF CHILDREN AGES 2-12 ACCORDING TO THE PRINCIPLES OF MARIA MONTESSORI
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN AGES 2 THROUGH 12
EDUCATION OF CHILDREN AGES 2 THROUGH 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosario Molina Administrator | Officer | 40 | $10,885 |
Marco Molina President | OfficerTrustee | 0 | $0 |
Katie Martinez Secretary | OfficerTrustee | 0 | $0 |
Nicole Haller Braner Treasurer | OfficerTrustee | 0 | $0 |
Brittany Schmidt Member | Trustee | 0 | $0 |
Brandon Halsey Member | Trustee | 0 | $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 | $3,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,455 |
| Total Program Service Revenue | $150,166 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,102 |
| 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 | $124,828 |
| Pension plan accruals and contributions | $309 |
| Other employee benefits | $0 |
| Payroll taxes | $10,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,422 |
| Insurance | $8,961 |
| All other expenses | $9,915 |
| Total functional expenses | $205,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,737 |
| Savings and temporary cash investments | $58,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,887 |
| 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 | $92,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $560 |
| Other assets | $2,473 |
| Total assets | $187,004 |
| Accounts payable and accrued expenses | $1,511 |
| Grants payable | $0 |
| Deferred revenue | $23,183 |
| 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 | $23,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,126 |
| Net assets without donor restrictions | $138,878 |
| 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 | $187,004 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Academy In The Oaks Inc has recieved totaling $2,669.
| Awarding Organization | Amount |
|---|---|
John W Anderson Foundation Valparaiso, IN PURPOSE: EQUIPMENT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Parent And Child Together - Pact - For West Central Illinois Beardstown, IL | $590,304 | $4,793,491 |
Community Montessori New Albany, IN | $14,363,085 | $5,763,758 |