New Discoveries Montessori Academy is located in Hutchinson, MN. The organization was established in 2007. 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 06/2023, New Discoveries Montessori Academy employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Discoveries Montessori Academy 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, New Discoveries Montessori Academy generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 9.6% 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
EDUCATION FOR LIFE TO PROVIDE CHILDREN WITH A QUALITY EDUCATION THAT PREPARES THEM INTELLECTUALLY, PHYSICALLY, SOCIALLY, CREATIVELY, AND EMOTIONALLY FOR OUR CHALLENGING WORLD AND ALL ITS JOYS AND CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW DISCOVERIES MONTESSORI ACADEMY (NDMA) IS A PUBLIC CHARTER MONTESSORI SCHOOL SERVING 214 STUDENTS, GRADES PRESCHOOL THROUGH EIGHTH. NDMA IS THE ONLY OUT-STATE PUBLIC CHARTER SCHOOL TO RECEIVE VOLUNTARY PRE-K STATE FUNDING STATUS IN 2018. NDMA IS A MEMBER OF THE AMERICAN MONTESSORI SOCIETY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrick Selchert Board Member | Trustee | 2 | $0 |
Deanna Boettcher Board Member | Trustee | 2 | $0 |
Shari Colvin Board Member | OfficerTrustee | 2 | $0 |
Patti Hoerner Board Member | Trustee | 42 | $58,086 |
Timothy Dezelske Chairperson | OfficerTrustee | 42 | $0 |
Chris La Plante Secretary | OfficerTrustee | 2 | $52,250 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Labraaten Bus Company Llc Transportation Services | 6/29/19 | $685,594 |
Trjr Properties Llc Rent - Building | 6/29/19 | $294,900 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,257,191 |
All other contributions, gifts, grants, and similar amounts not included above | $6,975 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,264,166 |
Total Program Service Revenue | $72,309 |
Investment income | $279 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,450 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,338,204 |
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. | $356,359 |
Compensation of current officers, directors, key employees. | $162,256 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,545,555 |
Pension plan accruals and contributions | $129,539 |
Other employee benefits | $292,827 |
Payroll taxes | $205,605 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $84,206 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $65,600 |
Advertising and promotion | $13,717 |
Office expenses | $0 |
Information technology | $4,879 |
Royalties | $0 |
Occupancy | $508,140 |
Travel | $1,458,589 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $20,546 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $77,806 |
Insurance | $24,346 |
All other expenses | $65,725 |
Total functional expenses | $6,119,589 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $268,129 |
Pledges and grants receivable | $605,855 |
Accounts receivable, net | $224 |
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 | $101,316 |
Net Land, buildings, and equipment | $327,632 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,568,382 |
Total assets | $2,871,538 |
Accounts payable and accrued expenses | $336,528 |
Grants payable | $0 |
Deferred revenue | $5,148 |
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 | $450,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,599,677 |
Total liabilities | $4,391,353 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | -$1,947,502 |
Paid-in or capital surplus, or land, building, or equipment fund | $327,632 |
Retained earnings, endowment, accumulated income, or other funds | $100,055 |
Total liabilities and net assets/fund balances | $2,871,538 |