Downtown Montessori Academy Inc
- Assets
- $6.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 52
- Location
- Milwaukee, WI
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 39-1851636
Organization Overview
Downtown Montessori Academy Inc is located in Milwaukee, WI. 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 06/2023, Downtown Montessori Academy Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Montessori Academy Inc 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, Downtown Montessori Academy Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 5.1% 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
TO CREATE A MONTESSORI ENVIRONMENT WHERE THE CHILD'S EARLY EXPERIENCES WITH LEARNING WILL HELP HIM OR HER TO BECOME A SELF-CONFIDENT, COMPETENT, COOPERATIVE ADULT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN MONTESSORI ACADEMY IS A SMALL, DIVERSE, COMMUNITY-FOCUSED MONTESSORI ELEMENTARY SCHOOL THAT HAS BEEN SERVING FAMILIES SINCE 1976. AS A CITY OF MILWAUKEE CHARTER SCHOOL, STUDENTS WHO REACH AGE 4 BY SEPTEMBER 1 CAN ATTEND OUR SCHOOL WITH TUITION PROVIDED BY PUBLIC FUNDS. OUR MISSION IS TO PROVIDE A MONTESSORI EDUCATION TO A DIVERSE GROUP OF K3-8TH GRADE STUDENTS. WE ARE A TITLE I SCHOOL OF RECOGNITION, AND WE HAVE GROWN TO SERVE NEARLY 300 CHILDREN AND FAMILIES, PROVIDING AN INTIMATE SMALL-SCHOOL ENVIRONMENT, UPGRADED FACILITIES, AND AN AWARD-WINNING OUTDOOR CLASSROOM AND PLAY SPACE. WE CONTINUALLY ENGAGE WITH THE BROADER COMMUNITY TO LEVERAGE RESOURCES TO PROVIDE A RICH LEARNING ENVIRONMENT FOR OUR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Moore President | OfficerTrustee | 1 | $0 |
Travis Rhoades Vice President | OfficerTrustee | 1 | $0 |
Michelle Hake Treasurer | OfficerTrustee | 1 | $0 |
Heather Heaviland Director | Trustee | 1 | $0 |
Howard Austin Director | Trustee | 1 | $0 |
Ian Spanic Executive Dir. | Officer | 40 | $106,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,352,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,359,548 |
| Total Program Service Revenue | $469,361 |
| Investment income | $6,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,858,309 |
| 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. | $303,514 |
| Compensation of current officers, directors, key employees. | $174,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,424,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $194,840 |
| Payroll taxes | $129,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,229 |
| Advertising and promotion | $825 |
| Office expenses | $95,733 |
| Information technology | $17,063 |
| Royalties | $0 |
| Occupancy | $198,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,204 |
| Insurance | $30,284 |
| All other expenses | $18,777 |
| Total functional expenses | $3,124,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,651 |
| Savings and temporary cash investments | $848,424 |
| Pledges and grants receivable | $20,776 |
| Accounts receivable, net | $3,978 |
| 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 | $15,202 |
| Net Land, buildings, and equipment | $5,827,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,722,991 |
| Accounts payable and accrued expenses | $245,299 |
| Grants payable | $0 |
| Deferred revenue | $8,395 |
| 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 | $3,625,931 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,879,625 |
| Net assets without donor restrictions | $2,836,321 |
| Net assets with donor restrictions | $7,045 |
| 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 | $6,722,991 |