Meadow Montessori School
- Assets
- $4.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Monroe, MI
- Founding
- 12/1985
- Data as of
- 06/2023
- EIN
- 38-2550619
Organization Overview
Meadow Montessori School is located in Monroe, MI. The organization was established in 1985. 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, Meadow Montessori School employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadow 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, Meadow Montessori School generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 11.0% per year over the past 4 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
MONTESSORI SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI SCHOOL MAINTAINS A CIRRICULUM OF TEACHING WITH LANGUAGE ARTS, GEOGRAPHY, HISTORY AND FOREIGN LANGUAGES FROM PRE-SCHOOL TO THE HIGH SCHOOL LEVEL. STUDENTS ENROLLED IN 2020-21 TOTALED 143.
DAY CARE TO PROVIDE CHILD CARE FUNCTIONS INCIDENTAL TO THE SCHOOL FUNCTION. CHILDREN ENROLLED IN 2020-2021 AVERAGED 64 PER DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Burroughs Sec./treas. | OfficerTrustee | 40 | $51,850 |
Tom Dunham Trustee | Trustee | 1 | $0 |
Emily Gorowski Trustee | Trustee | 1 | $0 |
Christina Hills Trustee | Trustee | 1 | $0 |
Karin Koek Vice Preside | OfficerTrustee | 1 | $0 |
Steve Madrid Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,702 |
| Total Program Service Revenue | $1,619,647 |
| Investment income | $30,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,816 |
| Net Income from Fundraising Events | $116,942 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,420,652 |
| 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. | $51,850 |
| Compensation of current officers, directors, key employees. | $51,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $942,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,671 |
| Payroll taxes | $74,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,121 |
| Fees for services: Accounting | $7,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $8,468 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,392 |
| Insurance | $0 |
| All other expenses | $238,843 |
| Total functional expenses | $2,027,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,467,145 |
| Savings and temporary cash investments | $443,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,161 |
| 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 | $1,919 |
| Net Land, buildings, and equipment | $2,242,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,241,766 |
| Accounts payable and accrued expenses | $83,930 |
| Grants payable | $0 |
| Deferred revenue | $853,616 |
| 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 | $1,342,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,279,901 |
| Net assets without donor restrictions | $1,961,865 |
| 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 | $4,241,766 |