Montessori Childrens Center Inc
- Assets
- $6.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 63
- Location
- Clemmons, NC
- Founding
- 00/0000
- Data as of
- 07/2023
- EIN
- 56-1336266
Organization Overview
Montessori Childrens Center Inc is located in Clemmons, NC. The organization was established in 0000. 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 Childrens Center Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Childrens Center 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 Childrens Center Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.4m during the year ending 07/2023. While expenses have increased by 7.9% 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
TO OPERATE A SCHOOL IN FORSYTH COUNTY, NORTH CAROLINA USING THE MONTESSORI METHOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI EDUCATION PROGRAM INCLUDING BEFORE AND AFTER SCHOOL CARE AND SUMMER PROGRAMS. THE SCHOOL SERVES CHILDREN FROM 18 MONTHS THROUGH 15 YEARS OF AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Holder President/interim Treasurer | OfficerTrustee | 2 | $0 |
Nicole Royer Vice President | OfficerTrustee | 1 | $0 |
Daniel Yohannes Secretary | OfficerTrustee | 1 | $0 |
John Carstens Trustee | Trustee | 1 | $0 |
Mitchell Currin Trustee | Trustee | 1 | $0 |
Paige Lester-Niles Trustee | 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 | $86,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,238 |
| Total Program Service Revenue | $2,752,892 |
| Investment income | $3,272 |
| 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 | $2,869,526 |
| 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 | $2,007,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $223,298 |
| Payroll taxes | $148,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,713 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,962 |
| Advertising and promotion | $27,339 |
| Office expenses | $23,974 |
| Information technology | $20,417 |
| Royalties | $0 |
| Occupancy | $111,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,774 |
| Interest | $97,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,931 |
| Insurance | $41,811 |
| All other expenses | $72,690 |
| Total functional expenses | $3,357,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,328 |
| Savings and temporary cash investments | $185,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,835,124 |
| 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 | $42,440 |
| Net Land, buildings, and equipment | $4,211,032 |
| Investments—publicly traded securities | $25,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,481 |
| Total assets | $6,530,826 |
| Accounts payable and accrued expenses | $139,219 |
| Grants payable | $0 |
| Deferred revenue | $2,703,511 |
| Tax-exempt bond liabilities | $2,281,387 |
| 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 | $44,676 |
| Total liabilities | $5,168,793 |
| Net assets without donor restrictions | $1,362,033 |
| 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 | $6,530,826 |