Hampton Roads Montessori School
- Assets
- $9.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 85
- Location
- Newport News, VA
- Founding
- 08/1994
- Data as of
- 07/2023
- EIN
- 54-1588832
Organization Overview
Hampton Roads Montessori School is located in Newport News, VA. The organization was established in 1994. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Hampton Roads Montessori School employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads 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 07/2023, Hampton Roads Montessori School generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.5m during the year ending 07/2023. While expenses have increased by 11.4% 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
PROVIDE EDUCATION, INSTRUCTION, AND ENRICHMENT PROGRAMS FOR STUDENTS USING THE MONTESSORI METHOD OF TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH, MAINTAIN AND SUPPORT AN INSTITUTION THAT PROVIDES EDUCATION TO CHILDERN USING THE MONTESSORI METHOD OF TEACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Dantonio Head Of School | Trustee | 60 | $173,531 |
Burt Baker Vice President | OfficerTrustee | 2 | $0 |
Khalida Omar Amini Secretary | OfficerTrustee | 2 | $0 |
Sharon Addilyn Holloman President | OfficerTrustee | 2 | $0 |
Eric Lewellan Director | Trustee | 2 | $0 |
Archana Jesudian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,385 |
| Related organizations | $0 |
| Government grants | $279,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,917 |
| Total Program Service Revenue | $2,603,182 |
| Investment income | $8,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$419 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,983,550 |
| 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. | $173,531 |
| Compensation of current officers, directors, key employees. | $17,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,313,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,313 |
| Payroll taxes | $115,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,869 |
| Advertising and promotion | $3,670 |
| Office expenses | $8,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $333,440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,745 |
| Insurance | $13,547 |
| All other expenses | $28,267 |
| Total functional expenses | $2,489,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,408,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,924,694 |
| 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 | $3,695 |
| Net Land, buildings, and equipment | $5,135,549 |
| Investments—publicly traded securities | $487,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,062 |
| Other assets | $0 |
| Total assets | $9,004,663 |
| Accounts payable and accrued expenses | $38,500 |
| Grants payable | $0 |
| Deferred revenue | $2,593,396 |
| 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 | $4,241,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,873,681 |
| Net assets without donor restrictions | $2,130,982 |
| 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 | $9,004,663 |