Community Montessori
- Assets
- $15.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 66
- Location
- New Albany, IN
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 35-2024662
Organization Overview
Community Montessori is located in New Albany, IN. The organization was established in 1998. 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, Community Montessori employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Montessori 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, Community Montessori generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 3.7% 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
RESPECTING CHILDREN-ENGAGING FAMILIES-ENCOURAGING THOUGHTS- EMBRACING THE COMMUNITY. COMMUNITY MONTESSORI GIVES CHILDREN AN ENVIRONMENT THAT RESPECTS ALL PEOPLE AND IDEAS. (SEE PAGE 2 FOR FULL DESCRIPTION)
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY MONTESSORI PROVIDES AN EDUCATION FROM BIRTH THROUGH HIGH SCHOOL. THE SCHOOL-AGED MONTESSORI PHILOSOPHY IS A MIXTURE OF DIRECT INSTRUCTION, SPONTANEOUS LESSONS, CONNECTION TO REAL LIFE LEARNING, DISCOVERY, AND AUTHENTIC ENGAGEMENT, WHICH LEADS TO PROBLEM SOLVING, INCREASED KNOWLEDGE AND LIFE-LONG LEARNING SKILLS. COMMUNITY MONTESSORI ALSO PROVIDES CARE AND EDUCATION IN AN ONSITE INFANT/TODDLER PROGRAM FOR CHILDREN FROM BIRTH TO THREE YEARS. THE PROGRAM FOLLOWS THE RESOURCE FOR INFANT EDUCARERS (RIE) PHILOSOPHY WHICH IS BASED ON RESPECT, SELF-DISCIPLINE, AND SELF-REGULATION. APPROXIMATELY 600 CHILDREN AND TEENS WERE SERVED DURING THE 2021-22 ACADEMIC SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Merida President | OfficerTrustee | 0.7 | $0 |
Sridhar Ramachandran Vice President | OfficerTrustee | 0.7 | $0 |
Melissa Meier Director | Trustee | 0.7 | $0 |
David Clifton Secretary | OfficerTrustee | 0.7 | $0 |
Ann Brown Treasurer | OfficerTrustee | 0.7 | $0 |
Courtney Lewis Director | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,289 |
| Related organizations | $0 |
| Government grants | $5,223,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,323,231 |
| Total Program Service Revenue | $376,323 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,694,953 |
| 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. | $267,233 |
| Compensation of current officers, directors, key employees. | $267,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,442,902 |
| Pension plan accruals and contributions | $50,107 |
| Other employee benefits | $345,123 |
| Payroll taxes | $201,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128 |
| Fees for services: Accounting | $23,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,922 |
| Advertising and promotion | $1,598 |
| Office expenses | $121,374 |
| Information technology | $53,085 |
| Royalties | $0 |
| Occupancy | $200,316 |
| Travel | $3,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,056 |
| Insurance | $38,435 |
| All other expenses | $0 |
| Total functional expenses | $4,698,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,226 |
| Savings and temporary cash investments | $4,636,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,006,009 |
| 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 | $8,800,958 |
| Investments—publicly traded securities | $539,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,828 |
| Other assets | $0 |
| Total assets | $15,031,057 |
| Accounts payable and accrued expenses | $403,746 |
| Grants payable | $0 |
| Deferred revenue | $164,404 |
| Tax-exempt bond liabilities | $4,603,480 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $158,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,329,724 |
| Net assets without donor restrictions | $9,699,618 |
| Net assets with donor restrictions | $1,715 |
| 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 | $15,031,057 |