Willow Oak Montessori Foundation Inc
- Assets
- $8.1m
- Revenue
- $546.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsboro, NC
- Founding
- 10/2013
- Data as of
- 06/2022
- EIN
- 46-3086549
Organization Overview
Willow Oak Montessori Foundation Inc is located in Pittsboro, NC. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willow Oak Montessori Foundation 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 06/2022, Willow Oak Montessori Foundation Inc generated $546.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $569.4k during the year ending 06/2022. 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
WILLOW OAK MONTESSORI FOUNDATION, INC PROVIDES FINANCIAL SUPPORT TO AND OPERATES FACILITIES FOR WILLOW OAK MONTESSORI CHILDREN'S HOUSE AND CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHARTER SCHOOL. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK MONTESSORI CHARTER SCHOOL, INC.
FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHILDREN'S HOUSE. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK MONTESSORI CHILDREN'S HOUSE, INC.
THE FOUNDATION BOARD OF DIRECTORS HAVE TURNED THE OPERATIONS OF THE FACILITY OVER TO THE OPERATIONS STAFF AND HAS SET THRESHOLDS THAT WHEN MET, TRIGGER APPROVALS FROM THE FINANCE COMMITTEE OR THE BOARD OF DIRECTORS. THE FACILITY'S DAY TO DAY OPERATIONS ARE NO LONGER THE RESPONSIBILITY OF THE FOUNDATION, BUT TO THE STAFF HIRED TO RUN THE OPERATIONS. THEY INCLUDE THE HEAD OF SCHOOL, THE FACILITIES AND BUSINESS MANAGER, AND THE REST OF THE LEADERSHIP TEAM THAT ASSISTS THE HEAD OF SCHOOL. THE HEAD OF SCHOOL ULTIMATELY IS RESPONSIBLE FOR MAINTAINING THE OPERATIONS ARE IN LINE WITH THE FOUNDATION'S MISSION STATEMENT AND VALUES. THE REVENUE FOR THE FOUNDATION COMES FROM DONATIONS AND FROM RENT CHARGED TO THE WILLOW OAK MONTESSORI CHARTER SCHOOL AND THE WILLOW OAK MONTESSORI CHILDREN'S HOUSE FOR THE USE OF THE FACILITY. THE RENT AND DONATIONS BASICALLY COVER THE OPERATIONAL EXPENSES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Oudjit Head Of Scho | Officer | 2 | $0 |
Frank Brainard Director | Trustee | 1 | $0 |
Charleen Cody President | Trustee | 1 | $0 |
Mike Dasher Director | Trustee | 1 | $0 |
Jordynn Jack Director | Trustee | 1 | $0 |
Laura Jacobs Secretary | Trustee | 1 | $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 | $60,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,252 |
| Total Program Service Revenue | $486,421 |
| 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 | $546,673 |
| 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 | $12,356 |
| Pension plan accruals and contributions | $618 |
| Other employee benefits | $0 |
| Payroll taxes | $945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $975 |
| Fees for services: Accounting | $31,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,406 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,520 |
| Insurance | $0 |
| All other expenses | $13,728 |
| Total functional expenses | $569,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,342 |
| Savings and temporary cash investments | $276,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,830 |
| Net Land, buildings, and equipment | $7,696,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $8,053,407 |
| Accounts payable and accrued expenses | $88,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,054,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,644 |
| Total liabilities | $7,505,307 |
| Net assets without donor restrictions | $548,100 |
| 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 | $8,053,407 |
Grants Awarded
Over the last fiscal year, Willow Oak Montessori Foundation Inc has awarded $36,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLOW OAK MONTESSORI CHARTER SCHOOL PURPOSE: GENERAL SUPPORT | $33,378 |
WILLOW OAK MONTESSORI CHILDREN'S HOUSE PURPOSE: GENERAL SUPPORT | $3,092 |