Montessori Parents Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 40
- Location
- West Lafayette, IN
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 35-1289133
Organization Overview
Montessori Parents Inc is located in West Lafayette, IN. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Montessori Parents Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Parents 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 06/2022, Montessori Parents Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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
PROVIDE A CHILD-CENTERED ENVIRONMENT FACILITATING INDEPENDENT LEARNING, WHERE A CHILD MAY LEARN FOR THE LOVE OF KNOWLEDGE. BASED ON RESPECT FOR SELF & OTHERS, FEATURING A STRONG EMPHASIS ON CULTURAL APPRECIATION, WE CREATE A SUPPORTIVE NETWORK FOR FAMILIES AS WE HELP CHILDREN BECOME WELL- ROUNDED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI PARENTS PROVIDES A CHILD-CENTERED ENVIRONMENT FACILITATING INDEPENDENT LEARNING FIVE DAYS PER WEEK. MONTESSORI PARENTS OFFERS THE FOLLOWING PROGRAMS: PARENT/INFANT (AGES 1-2), TODDLER (AGES 2-3), PREPRIMARY (AGES 3-6), ELEMENTARY (GRADES 1-3). THERE IS ALSO BEFORE AND AFTER SCHOOL CARE FOR CHILDREN AGES 3 AND OLDER. DURING THE 2021-22 SCHOOL YEAR, MONTESSORI PARENTS SERVED 175 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Garwood Exec Dir | Officer | 40 | $54,558 |
Oliver Beers Member | Trustee | 4 | $0 |
Lucina Fluellen Member | Trustee | 2 | $0 |
Sarah Gotlund Member | Trustee | 2 | $0 |
Kate Lade-Markley President | OfficerTrustee | 10 | $0 |
Andrea Morris Vice Preside | OfficerTrustee | 4 | $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 | $78,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,467 |
| Total Program Service Revenue | $1,217,370 |
| Investment income | $18,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,827 |
| Net Income from Fundraising Events | $25,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,346,248 |
| 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. | $56,804 |
| Compensation of current officers, directors, key employees. | $5,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $661,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,559 |
| Payroll taxes | $54,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,466 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,747 |
| Office expenses | $17,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,542 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $845 |
| Interest | $9,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,700 |
| Insurance | $19,103 |
| All other expenses | $14,756 |
| Total functional expenses | $1,066,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143 |
| Savings and temporary cash investments | $251,203 |
| 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 | $1,421,668 |
| Investments—publicly traded securities | $401,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,451 |
| Total assets | $2,086,081 |
| Accounts payable and accrued expenses | $0 |
| 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 | $440,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,553 |
| Total liabilities | $445,790 |
| Net assets without donor restrictions | $1,640,291 |
| 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 | $2,086,081 |