Latin American Montessori Bilingual Public Charter School
- Assets
- $44.8m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 139
- Location
- Washington, DC
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 52-2356681
Organization Overview
Latin American Montessori Bilingual Public Charter School is located in Washington, DC. The organization was established in 2003. 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, Latin American Montessori Bilingual Public Charter School employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Montessori Bilingual Public Charter 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 06/2021, Latin American Montessori Bilingual Public Charter School generated $11.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $12.2m during the year ending 06/2021. While expenses have increased by 9.3% 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
LAMB'S MISSION IS TO LAY A FOUNDATION OF KNOWLEDGE, HABITS, ATTITUDES, AND SKILLS, WHICH ARE ESSENTIAL FOR A LIFETIME OF CREATIVE THINKING AND LEARNING. THE OVERALL GOAL IS BI-LITERACY IN ENGLISH AND SPANISH. TO ACHIEVE THAT, LAMB CREATES CHILD-CENTERED LEARNING ENVIRONMENTS FOR PRE- SCHOOL THROUGH 5TH GRADE CHILDREN, UTILIZING HANDS-ON MONTESSORI MATERIALS WHICH ARE DEVELOPMENTALLY APPROPRIATE, SELF-CORRECTING, SEQUENCED AND FLOW FROM SIMPLE TO COMPLEX IN ORDER FOR STUDENTS TO DEVELOP ACADEMICALLY, SOCIALLY AND EMOTIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMB IS THE ONLY ACCREDITED DUAL LANGUAGE MONTESSORI PUBLIC CHARTER SCHOOL IN THE DISTRICT OF COLUMBIA. LAMB TEACHES IN ENGLISH AND SPANISH, UTILIZING MONTESSORI CURRICULA CORE ACADEMIC AND NON-ACADEMIC SUBJECT MATTER. THE ACTIVITIES OF LAMB ARE AS FOLLOWS: CREATE ETHNICALLY AND CULTURALLY MIXED, DEVELOPMENTALLY APPROPRIATE BILINGUAL ENVIRONMENTS FOR CHILDREN IN THE PRESCHOOL AND EARLY ELEMENTARY YEARS, I.E., DURING THEIR CRITICAL DEVELOPMENTAL PERIOD FOR NATIVE-LEVEL LANGUAGE ACQUISITION, SO THAT CHILDREN FROM DIVERSE BACKGROUNDS EVENTUALLY EMERGE AS FUNCTIONALLY BILINGUAL - SPEAKING, READING AND WRITING BOTH IN ENGLISH AND SPANISH. UTILIZE MONTESSORI MATERIALS TO TEACH ACADEMIC AND NON-ACADEMIC SUBJECTS FROM PRE-READING AND LANGUAGE ARTS TO GEOGRAPHY, HISTORY, SCIENCE AND PRACTICAL LIFE SKILLS. FOSTER PARENTS' COMMITMENT TO LONG-TERM PARTICIPATION IN THE MONTESSORI APPROACH TO SECOND-LANGUAGE IMMERSION AT BOTH THE PRESCHOOL AND ELEMENTARY LEVELS. PROVIDE REFERRAL TO SUPPORT SERVICES SUCH AS COUNSELING AND PARENT EDUCATION CLASSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charis Sharp Executive Di | Officer | 40 | $135,173 |
Brian Nielsen Cfo/coo | Officer | 40 | $114,876 |
Maria - Jose Carrasco Chief Of Sta | 40 | $106,746 | |
Michelle Mangan Assistant Pr | 40 | $100,767 | |
Brad Karrer Treasurer | OfficerTrustee | 2 | $74,438 |
Alan Golding Board Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M And G Services Custodial | 6/29/21 | $304,689 |
Dynamic Kid Llc Special Ed | 6/29/21 | $118,960 |
The Mecca Group Mental Health | 6/29/21 | $104,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $320 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $852,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,536 |
| Total Program Service Revenue | $10,373,169 |
| Investment income | $413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,069 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,366,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,009 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,070 |
| Compensation of current officers, directors, key employees. | $179,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,850,671 |
| Pension plan accruals and contributions | $233,015 |
| Other employee benefits | $542,333 |
| Payroll taxes | $518,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,109 |
| Fees for services: Accounting | $98,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $390,848 |
| Advertising and promotion | $2,243 |
| Office expenses | $189,600 |
| Information technology | $4,720 |
| Royalties | $0 |
| Occupancy | $913,014 |
| Travel | $1,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,936,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $611,394 |
| Insurance | $63,868 |
| All other expenses | $126,656 |
| Total functional expenses | $12,232,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,471 |
| Savings and temporary cash investments | $8,420,196 |
| Pledges and grants receivable | $409,857 |
| Accounts receivable, net | $452,236 |
| 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 | $94,036 |
| Net Land, buildings, and equipment | $35,369,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,250 |
| Total assets | $44,778,982 |
| Accounts payable and accrued expenses | $1,478,565 |
| Grants payable | $0 |
| Deferred revenue | $54,510 |
| Tax-exempt bond liabilities | $34,135,000 |
| 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 | $2,612,715 |
| Total liabilities | $38,280,790 |
| Net assets without donor restrictions | $6,498,192 |
| 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 | $44,778,982 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Latin American Montessori Bilingual Public Charter School has recieved totaling $8,300.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |
Park School Of Baltimore Inc Baltimore, MD | $78,513,590 | $32,114,129 |
Roland Park Country School Inc Baltimore, MD | $116,841,360 | $25,214,308 |