Magnolia Montessori School
- Assets
- $359.9k
- Revenue
- $692.7k
- Investments
- $0.0
- Employees
- 32
- Location
- Oxford, MS
- Founding
- 10/2014
- Data as of
- 05/2022
- EIN
- 46-5113096
Organization Overview
Magnolia Montessori School is located in Oxford, MS. The organization was established in 2014. 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 05/2022, Magnolia Montessori School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Montessori School 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 05/2022, Magnolia Montessori School generated $692.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $562.2k during the year ending 05/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO OPERATE A NON-PROFIT EDUCATIONAL INSTITUTION INCORPORATING THE MONTESSORI METHOD OF INSTRUCTION FOR CHILDREN, INCLUDING A CHILD CARE CENTER, AND A PRIMARY, ELEMENTARY AND JUNIOR HIGH SCHOOL WITH EDUCATIONAL, SOCIAL, INTELLECTUAL AND RECREATIONAL TRAINING AND INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO OPERATE A NON-PROFIT EDUCATIONAL INSTITUTION INCORPORATING THE MONTESSORI METHOD OF INSTRUCTION FOR CHILDREN, INCLUDING A CHILD CARE CENTER, AND A PRIMARY, ELEMENTARY AND JUNIOR HIGH SCHOOL WITH EDUCATIONAL, SOCIAL, INTELLECTUAL AND RECREATIONAL TRAINING AND INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Praveen Panickar President | Trustee | 1 | $0 |
Diana Care Treasurer | Trustee | 1 | $0 |
Kate Bishop Secretary | Trustee | 1 | $0 |
Meaghin Burke Vice President | 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 | $13,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,374 |
| Total Program Service Revenue | $679,297 |
| 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 | $692,671 |
| 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 | $404,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,300 |
| Advertising and promotion | $82 |
| Office expenses | $5,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,571 |
| Insurance | $5,545 |
| All other expenses | $12,796 |
| Total functional expenses | $562,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,663 |
| 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 | $715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,290 |
| Total assets | $359,870 |
| Accounts payable and accrued expenses | $23,279 |
| 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 | $0 |
| Other liabilities | $1 |
| Total liabilities | $23,280 |
| Net assets without donor restrictions | $336,590 |
| 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 | $359,870 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnolia Montessori School has recieved totaling $270.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Harpeth Hall School Nashville, TN | $137,432,520 | $30,321,842 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |
Briarcrest Christian School System Inc Eads, TN | $78,736,956 | $26,903,624 |
Webb School Of Knoxville Knoxville, TN | $127,416,223 | $27,386,395 |
St Andrews Episcopal Day School Ridgeland, MS | $52,744,561 | $21,848,702 |
St Marys Episcopal School Memphis, TN | $88,473,090 | $24,143,990 |
Hutchison School Memphis, TN | $51,078,822 | $24,021,872 |
Girls Preparatory School Inc Chattanooga, TN | $62,392,596 | $20,905,031 |
Chattanooga Christian School Inc Chattanooga, TN | $39,588,264 | $28,778,416 |