Joliet Montessori School
- Assets
- $1.1m
- Revenue
- $708.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Crest Hill, IL
- Founding
- 01/1968
- Data as of
- 06/2023
- EIN
- 36-2595751
Organization Overview
Joliet Montessori School is located in Crest Hill, 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 06/2023, Joliet Montessori School employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joliet 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 06/2023, Joliet Montessori School generated $708.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $748.6k during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY & ELEMENTARY EDUCATION BASED ON THE MONTESSORI METHOD OF LEARNING. SERVICE TO APPROXIMATELY 75 STUDENTS ANNUALLY FROM AGES 3-15.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY & ELEMENTARY EDUCATION BASED ON THE MONTESSORI METHOD OF LEARNING. CURRENTLY, 75 STUDENTS BETWEEN AGES 3-15 ARE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hinthorn Trustee | Trustee | 0 | $0 |
Mark Karner Trustee | Trustee | 0 | $0 |
Bettylou Zmudka Secretary | OfficerTrustee | 0 | $0 |
Rita Gercone Treasurer | OfficerTrustee | 0 | $0 |
Nicholas Lennon Trustee | Trustee | 0 | $0 |
Jessica Schumacher President | OfficerTrustee | 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 | $1,430 |
| Noncash contributions included in lines 1a–1f | $1,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,430 |
| Total Program Service Revenue | $665,172 |
| Investment income | $5,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,590 |
| 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 | $406,045 |
| Pension plan accruals and contributions | $4,350 |
| Other employee benefits | $52,115 |
| Payroll taxes | $33,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,146 |
| Fees for services: Accounting | $975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,912 |
| Advertising and promotion | $0 |
| Office expenses | $14,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,970 |
| Interest | $4,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,330 |
| Insurance | $13,365 |
| All other expenses | $3,810 |
| Total functional expenses | $748,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,602 |
| Savings and temporary cash investments | $446,840 |
| Pledges and grants receivable | $1,495 |
| Accounts receivable, net | $3,631 |
| 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 | $10,794 |
| Net Land, buildings, and equipment | $617,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,082,817 |
| Accounts payable and accrued expenses | $45,627 |
| Grants payable | $0 |
| Deferred revenue | $82,297 |
| 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 | $87,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,598 |
| Net assets without donor restrictions | $867,219 |
| 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 | $1,082,817 |