Ronald Knox Montessori School
- Assets
- $6.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Wilmette, IL
- Founding
- 06/1968
- Data as of
- 06/2022
- EIN
- 36-2516437
Organization Overview
Ronald Knox Montessori School is located in Wilmette, IL. 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 06/2022, Ronald Knox Montessori School employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Knox 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 06/2022, Ronald Knox Montessori School generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 3.0% 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
TO CREATE AN ENVIRONMENT THAT IS RESPONSIVE TO A CHILD'S NEEDS AT EACH STAGE OF DEVELOPMENT, TO HELP EACH CHILD REACH HIS POTENTIAL, TO INSTILL A LIFELONG LOVE OF LEARNING, AND TO FOSTER A STRONG COMMUNITY OF PARENTS AND STAFF THROUGH THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION THROUGH THE MONTESSORI METHOD TO TODDLER THROUGH KINDERGARTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Ruey President | OfficerTrustee | 2 | $0 |
Christine Roloff Trustee | Trustee | 2 | $0 |
Stewart Bewley Development Chair | Trustee | 2 | $0 |
Marjorie Filice Secretary | OfficerTrustee | 2 | $0 |
Emily Karottki Secretary | OfficerTrustee | 2 | $0 |
Erin Healy Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,012 |
| Total Program Service Revenue | $1,513,962 |
| Investment income | $3,902 |
| 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 | $1,731,876 |
| 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 | $766,684 |
| Pension plan accruals and contributions | $14,808 |
| Other employee benefits | $71,986 |
| Payroll taxes | $53,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,492 |
| Fees for services: Accounting | $54,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,702 |
| Office expenses | $15,342 |
| Information technology | $16,528 |
| 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 | $10,402 |
| Interest | $54,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,067 |
| Insurance | $17,578 |
| All other expenses | $78,671 |
| Total functional expenses | $1,399,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,919 |
| Savings and temporary cash investments | $1,668,243 |
| 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 | $15,943 |
| Net Land, buildings, and equipment | $4,216,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,960,928 |
| Accounts payable and accrued expenses | $4,034 |
| Grants payable | $0 |
| Deferred revenue | $740,255 |
| 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 | $1,319,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,000 |
| Total liabilities | $2,077,981 |
| Net assets without donor restrictions | $3,882,947 |
| 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 | $5,960,928 |