Montessori School Of Raleigh Inc
- Assets
- $13.9m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 133
- Location
- Raleigh, NC
- Founding
- 10/1975
- Data as of
- 07/2023
- EIN
- 56-1086219
Organization Overview
Montessori School Of Raleigh Inc is located in Raleigh, NC. The organization was established in 1975. 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, Montessori School Of Raleigh Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori School Of Raleigh 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 07/2023, Montessori School Of Raleigh Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $9.8m during the year ending 07/2023. While expenses have increased by 4.4% 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
THE TRIANGLE'S MODERN EMBODIMENT AND MINDFUL PRACTICE OF THE TIME-PROVEN MONTESSORI PHILOSOPHY, DEVELOPING AGILE THINKERS, POISED COMMUNICATORS, AND GRACIOUS COLLABORATORS-ENGINEERS OF AUTHENTIC AND FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTESSORI SCHOOL OF RALEIGH IS A COMMUNITY OF CHILDREN FROM INFANT (SIX WEEKS) THROUGH GRADE 12. THROUGH SELF-DIRECTED ENGAGEMENT WITH MSR'S EMBRACING CULTURE, INHERENTLY INTERDISCIPLINARY CURRICULUM, AND PURPOSEFULLY PREPARED ENVIRONMENTS, STUDENTS CONSTRUCT THEIR OWN MEANING BY FULLY INHABITING THE STUDY OF THEIR PERSONAL FASCINATIONS. IMPLICITLY AND EXPLICITLY GUIDED TOWARD MASTERY OF EVOLVING SOCIAL, EMOTIONAL, AND ACADEMIC LESSONS BY EXPERT TEACHERS, THEIR FELLOW STUDENTS, AND THEIR OWN METACOGNITIVE REFLECTIONS, THEY LEARN THE HABITS OF MIND AND OF PRACTICE THAT LEAD TO DEEP FOCUS, DISCERNMENT, UNDERSTANDING, AND MATURITY FROM THEIR EARLIEST YEARS. THROUGH THIS VIGOROUS AND ENCOMPASSING PREPARATION, STUDENTS DEVELOP THE BEDROCK COGNITIVE, EXECUTIVE, AND INTERPERSONAL SKILLSETS WIDELY RECOGNIZED AS INSTRUMENTAL FOR SUCCESS IN COLLEGE AND IN LIFE-ADVANCING FROM MSR AS AGILE THINKERS, POISED COMMUNICATORS, AND GRACIOUS COLLABORATORS, ONE AND ALL.THE UPPER SCHOOL, SERVING GRADES 9TH - 12TH, OPENED IN 2016. IT OFFERS AN OPTIONAL IB DIPLOMA PROGRAMME, WHICH IS A RIGOROUS, ACADEMICALLY CHALLENGING AND BALANCED PROGRAMME OF EDUCATION DESIGNED TO PREPARE STUDENTS FOR SUCCESS AT UNIVERSITY AND LIFE BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystin Knox Ex-Officio | Trustee | 1 | $0 |
Peter Kamarchik President | OfficerTrustee | 5 | $0 |
Lisa Lowe-Hall Secretary | OfficerTrustee | 4 | $0 |
Tamara Franklin Treasurer | OfficerTrustee | 4 | $0 |
Tim Meigs Vice President | OfficerTrustee | 4 | $0 |
Matthew Baldwin Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Asphalt Construction | 7/30/20 | $729,748 |
Heritage Construction Of Wake Count Construction | 7/30/20 | $349,792 |
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 | $163,103 |
| Noncash contributions included in lines 1a–1f | $835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,103 |
| Total Program Service Revenue | $9,620,153 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,970 |
| 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 | $9,974,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $483,082 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,518 |
| Compensation of current officers, directors, key employees. | $207,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,616,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $757,893 |
| Payroll taxes | $364,945 |
| Fees for services: Management | $5,364 |
| Fees for services: Legal | $154,568 |
| Fees for services: Accounting | $69,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291,849 |
| Advertising and promotion | $93,789 |
| Office expenses | $201,061 |
| Information technology | $227,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $239,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,265 |
| Insurance | $143,903 |
| All other expenses | $187,880 |
| Total functional expenses | $9,818,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,913,617 |
| Pledges and grants receivable | $71,851 |
| Accounts receivable, net | $68,184 |
| 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 | $180,552 |
| Net Land, buildings, and equipment | $7,534,538 |
| Investments—publicly traded securities | $1,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,394 |
| Total assets | $13,923,699 |
| Accounts payable and accrued expenses | $272,449 |
| Grants payable | $0 |
| Deferred revenue | $5,659,088 |
| Tax-exempt bond liabilities | $5,160,095 |
| 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 | $250,601 |
| Total liabilities | $11,342,233 |
| Net assets without donor restrictions | $2,486,095 |
| Net assets with donor restrictions | $95,371 |
| 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 | $13,923,699 |