New Discoveries Montessori Academy
- Assets
- $3.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 114
- Location
- Hutchinson, MN
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 41-2194949
Organization Overview
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 06/2021, 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 06/2021, New Discoveries Montessori Academy generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 12.6% 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
2021
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 210 STUDENTS, GRADES PRESCHOOL THROUGH SIXTH. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Conrad Executive Director | Officer | 42 | $106,936 |
Peggy Enerson Treasurer | OfficerTrustee | 42 | $57,098 |
Patti Hoerner Board Member | Trustee | 42 | $47,341 |
Spencer Kangas Board Member | Trustee | 42 | $39,081 |
Tara Oberg Chairperson | OfficerTrustee | 2 | $0 |
Patrick Selchert Vice-Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,814,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,822,016 |
| Total Program Service Revenue | $22,121 |
| Investment income | $241 |
| 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 | $1,336 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,845,714 |
| 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. | $315,020 |
| Compensation of current officers, directors, key employees. | $142,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,231,763 |
| Pension plan accruals and contributions | $423,690 |
| Other employee benefits | $211,994 |
| Payroll taxes | $182,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,290 |
| Fees for services: Accounting | $66,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,762 |
| Advertising and promotion | $25,641 |
| Office expenses | $0 |
| Information technology | $15,538 |
| Royalties | $468,808 |
| Occupancy | $56,685 |
| Travel | $1,382,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,717 |
| Insurance | $20,000 |
| All other expenses | $94,047 |
| Total functional expenses | $5,980,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,736 |
| Pledges and grants receivable | $1,028,325 |
| Accounts receivable, net | $4,351 |
| 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 | $68,753 |
| Net Land, buildings, and equipment | $341,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,493,467 |
| Total assets | $3,079,887 |
| Accounts payable and accrued expenses | $477,631 |
| Grants payable | $0 |
| Deferred revenue | $9,172 |
| 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 | $548,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,665,031 |
| Total liabilities | $4,700,585 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,024,844 |
| Paid-in or capital surplus, or land, building, or equipment fund | $341,255 |
| Retained earnings, endowment, accumulated income, or other funds | $62,891 |
| Total liabilities and net assets/fund balances | $3,079,887 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Discoveries Montessori Academy has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |