Northfield Montessori
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Northfield, MN
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 41-1871618
Organization Overview
Northfield Montessori is located in Northfield, MN. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Northfield Montessori employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfield Montessori 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, Northfield Montessori generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 6 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 OFFER EDUCATIONAL CHILD CARE SERVICES, IN THE SPIRIT OF THE TEACHINGS OF DR. MARIA MONTESSORI, FOR INFANTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE A SCHOOL FOR THE EDUCATION OF CHILDREN IN CONSIDERATION OF THE TEACHING PHILOSOPHY OF DR. MARIA MONTESSORI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Dereng Director | Officer | 40 | $65,605 |
Lori Crouse Board Member | Trustee | 40 | $35,576 |
Laura Gilligan Board Member | Trustee | 40 | $32,242 |
Danelle Smith Board Member | Trustee | 20 | $5,769 |
Kaitlin Ahlskog Co-Chair | OfficerTrustee | 2 | $0 |
Brittany Conroy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,951 |
| Total Program Service Revenue | $1,646,110 |
| Investment income | $353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $707 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,903,411 |
| 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 | $1,011,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,547 |
| Payroll taxes | $82,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,582 |
| Fees for services: Accounting | $28,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,084 |
| Advertising and promotion | $802 |
| Office expenses | $10,664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,839 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,256 |
| Insurance | $60,073 |
| All other expenses | $19,000 |
| Total functional expenses | $1,610,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,067 |
| Savings and temporary cash investments | $817,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,784 |
| 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 | $1,699,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,000 |
| Total assets | $2,865,739 |
| Accounts payable and accrued expenses | $14,777 |
| Grants payable | $0 |
| Deferred revenue | $1,494 |
| 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 | $1,597,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,910 |
| Total liabilities | $1,673,914 |
| Net assets without donor restrictions | $1,191,825 |
| 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 | $2,865,739 |