Richmond Montessori School Inc
- Assets
- $11.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 108
- Location
- Richmond, VA
- Founding
- 04/1967
- Data as of
- 06/2023
- EIN
- 54-0788167
Organization Overview
Richmond Montessori School Inc is located in Richmond, VA. The organization was established in 1967. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Richmond Montessori School Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Montessori School 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 06/2023, Richmond Montessori School Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.9m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 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
EDUCATION OF CHILDREN AGES 2 TO 14 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTITUTION PROVIDING SERVICES FOR CHILDREN AGES 2 TO 14 YEARS. TOTAL STUDENT ENROLLMENT IS APRROXIMATELY 315.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Browning Trustee | Trustee | 1 | $0 |
Bill Lane Trustee | Trustee | 1 | $0 |
Thoko Lipato Vice Chair | OfficerTrustee | 1 | $0 |
Kelly Del Campo Merricks Trustee | Trustee | 1 | $0 |
Sonny Gupta Trustee | Trustee | 1 | $0 |
Martha Callaghan Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Health Insurance Services | 6/29/23 | $289,372 |
City Wide Of Richmond Janitorial & Maintenance Services | 6/29/23 | $119,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,500 |
| Related organizations | $0 |
| Government grants | $49,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,067 |
| Total Program Service Revenue | $5,594,449 |
| Investment income | $115,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$641 |
| Net Income from Fundraising Events | $29,291 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,944,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $166,627 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,000 |
| Compensation of current officers, directors, key employees. | $29,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,223,837 |
| Pension plan accruals and contributions | $79,103 |
| Other employee benefits | $433,260 |
| Payroll taxes | $246,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,435 |
| Fees for services: Accounting | $22,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,763 |
| Advertising and promotion | $90,012 |
| Office expenses | $89,328 |
| Information technology | $55,337 |
| Royalties | $0 |
| Occupancy | $73,926 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,786 |
| Insurance | $60,342 |
| All other expenses | $47,169 |
| Total functional expenses | $5,871,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,912 |
| Savings and temporary cash investments | $1,661,856 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $12,888 |
| 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 | $5,742,273 |
| Investments—publicly traded securities | $1,994,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,826 |
| Total assets | $11,215,213 |
| Accounts payable and accrued expenses | $281,070 |
| Grants payable | $0 |
| Deferred revenue | $450,082 |
| 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 | $0 |
| Total liabilities | $731,152 |
| Net assets without donor restrictions | $9,646,045 |
| Net assets with donor restrictions | $838,016 |
| 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 | $11,215,213 |