The information for North Shore Montessori School Inc is as of the organization's most recent filing in December 2019. This organization is located in Rowley, MA. It has only been in existence for 1 year, having been founded in 2018.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
North Shore Montessori School Inc's NTEE code is B21. The "B" tells us that the organization is classified along with Education. The "21" tells us that the organization is a Preschools. The NTEE describes Preschools as separately organized preschools or nursery schools and/or kindergartens which provide foundation-level learning for children prior to entering the formal school setting.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the North Shore Montessori School Inc is to promote and provide educational services surrounding the Montessori philosophy and methodology for children from preschool through six grade.
The Upper and Lower Elementary School provides an educational environment for children from pre-Kindergarten to sixth grade. It is based on the Montessori philosophy and methodology, with the primary goal of fostering life-long learners with a deep respect for themselves and others.
North Shore Montessori School Inc is run by Margaret Henry, who is the President. The organization has 7 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers currently supporting the paid staff.
North Shore Montessori School Inc is doing an admirable job of governing itself. With five voting members and three independent members, they have a good balance of voices in the decision-making process. Furthermore, they have put measures in place to ensure that potential conflicts of interest are identified and addressed. The organization has a conflict of interest policy, requires disclosure of conflicts, and substantiates and reviews leadership and officer salaries. Additionally, board meetings are documented, and the organization has a document retention policy and provides copies of the 990 to the board prior to filing. Unfortunately, committee meetings are not documented and the organization does not have a written whistleblower policy. Nonetheless, North Shore Montessori School Inc is taking steps to ensure that it is well-governed.
North Shore Montessori School Inc appears to have grown over the given time period, as evidenced by the increase in Contributions & Grants Received and Total Expenses. However, the Total Employees number decreased, indicating that the organization may be achieving its growth with fewer resources.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Diane Oberheim Teacher | 40 | $68,462 | |
Margaret Henry Executive Director | OfficerTrustee | 40 | $45,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $113,686 |
All other contributions, gifts, grants, and similar amounts not included above | $2,020 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $115,706 |
Total Program Service Revenue | $557,598 |
Investment income | $706 |
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 | $674,010 |
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. | $53,139 |
Compensation of current officers, directors, key employees. | $5,314 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $200,404 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $25,504 |
Payroll taxes | $2,415 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,015 |
Fees for services: Accounting | $13,205 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,575 |
Office expenses | $12,979 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $95,668 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $759 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,558 |
Insurance | $6,316 |
All other expenses | $22,226 |
Total functional expenses | $487,982 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,930 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $192,620 |
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 | $117,232 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $125,849 |
Total assets | $561,631 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $125,000 |
Other liabilities | $113,970 |
Total liabilities | $238,970 |
Net assets without donor restrictions | $322,661 |
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 | $561,631 |
Over the last fiscal year, we have identified 1 grants that North Shore Montessori School Inc has recieved totaling $20.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Organization Name | Assets | Revenue |
---|---|---|
Mary C Wheeler School Inc Providence, RI | $133,927,323 | $44,419,701 |
Alliance For Community Empowerment Inc Bridgeport, CT | $16,278,594 | $27,495,341 |
Scus Head Start Programs Inc Fairfield, CT | $3,729,940 | $22,684,143 |
Child Development Center Of The Mosholu-Montefiore Community Ctr Bronx, NY | $19,183,029 | $23,759,711 |
L I Child And Family Development Services Inc Patchogue, NY | $8,673,836 | $20,972,293 |
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |