Isthmus Montessori Academy Inc
- Assets
- $4.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 69
- Location
- Madison, WI
- Founding
- 07/2013
- Data as of
- 07/2023
- EIN
- 45-4480175
Organization Overview
Isthmus Montessori Academy Inc is located in Madison, WI. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Isthmus Montessori Academy Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isthmus 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 07/2023, Isthmus Montessori Academy Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $3.1m during the year ending 07/2023. While expenses have increased by 28.2% per year over the past 7 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
OUR MISSION IS TO PROVIDE AN AID TO LIFE THROUGH A HOLISTIC AMI MONTESSORI EDUCATION; HELPING CHILDREN ACHIEVE THEIR GREATEST SUCCESS, DEVELOP INDEPENDENCE, AND LIVE WITH KINDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HOLISTIC AMI MONTESSORI EDUCATION; HELPING CHILDREN ACHIEVE THEIR GREATEST SUCCESS, DEVELOP INDEPENDENCE, AND LIVE WITH KINDNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Vosseller Director | Trustee | 0 | $0 |
Hanif Numan Director | Trustee | 0 | $0 |
Allyn Travis Director | Trustee | 0 | $0 |
Jessi Wortman Director | Trustee | 0 | $0 |
Melissa Droessler Co-Founder | OfficerTrustee | 40 | $0 |
Carrie Marlette Co-Founder | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,100 |
| Total Program Service Revenue | $3,363,969 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,427,023 |
| 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 | $1,536,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,928 |
| Payroll taxes | $122,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,288 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,064 |
| Advertising and promotion | $6,066 |
| Office expenses | $14,069 |
| Information technology | $14,228 |
| Royalties | $0 |
| Occupancy | $330,224 |
| Travel | $75,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,688 |
| Insurance | $18,141 |
| All other expenses | $80,730 |
| Total functional expenses | $3,064,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,909 |
| 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 | $14,159 |
| Net Land, buildings, and equipment | $4,108,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,390,192 |
| Accounts payable and accrued expenses | $139,486 |
| Grants payable | $0 |
| Deferred revenue | $10,128 |
| 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 | $3,251,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,798 |
| Total liabilities | $3,404,175 |
| Net assets without donor restrictions | $986,017 |
| 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 | $4,390,192 |