Montessori Elementary School
- Assets
- $3.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Lemont, IL
- Founding
- 00/0000
- Data as of
- 07/2024
- EIN
- 36-3043306
Organization Overview
Montessori Elementary School is located in Lemont, IL. The organization was established in 0000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2024, Montessori Elementary School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Elementary 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 07/2024, Montessori Elementary School generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.3m during the year ending 07/2024. While expenses have increased by 2.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE MONTESSORI SCHOOL OF LEMONT TO PROVIDE FOR THE PHYSICAL, INTELLECTUAL, EMOTIONAL AND SPIRITUAL EDUCATION OF CHILDREN AGES 3-15 YEARS FOLLOWING THE METHODS AND PHILOSOPHY OF DR. MARIA MONTESSORI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED PRESCHOOL AND ELEMENTARY SCHOOL SERVICES TO 136 CHILDREN DURING THE 2023-2024 SCHOOL YEAR. IT IS THE MISSION OF THE MONTESSORI SCHOOL OF LEMONT TO PROVIDE FOR THE PHYSICAL, INTELLECTUAL, EMOTIONAL AND SPIRITUAL EDUCATION OF CHILDREN AGES 3-15 YEARS FOLLOWING THE METHODS AND PHILOSOPHY OF DR. MARIA MONTESSORI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese Colby President | OfficerTrustee | 45 | $99,700 |
Paul Westman Vice President | OfficerTrustee | 1 | $0 |
James Hilgenbrink Treasurer | OfficerTrustee | 45 | $56,254 |
Deborah Moreno Secretary | OfficerTrustee | 1 | $0 |
Norine Colby Director | Trustee | 20 | $35,690 |
Sheila Lamb Director | Trustee | 1 | $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 | $28,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,539 |
| Total Program Service Revenue | $1,488,448 |
| Investment income | $46,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,596,385 |
| 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. | $99,700 |
| Compensation of current officers, directors, key employees. | $15,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $649,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,395 |
| Payroll taxes | $57,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,970 |
| Fees for services: Accounting | $9,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,263 |
| Advertising and promotion | $1,829 |
| Office expenses | $34,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,770 |
| Interest | $51,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,408 |
| Insurance | $11,820 |
| All other expenses | $14,299 |
| Total functional expenses | $1,285,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,927 |
| Savings and temporary cash investments | $1,599,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $1,571,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,486,270 |
| Accounts payable and accrued expenses | $130,887 |
| Grants payable | $0 |
| Deferred revenue | $150,428 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,235,688 |
| Total liabilities | $1,517,003 |
| Net assets without donor restrictions | $1,486,642 |
| Net assets with donor restrictions | $482,625 |
| 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 | $3,486,270 |