Sea Level Montessori Inc
- Assets
- $1.7m
- Revenue
- $614.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Newton, NC
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 56-1447248
Organization Overview
Sea Level Montessori Inc is located in Newton, NC. The organization was established in 1989. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Sea Level Montessori Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Level Montessori 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 06/2022, Sea Level Montessori Inc generated $614.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $473.2k during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE EDUCATION TO CHILDREN IN CATAWBA COUNTY AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Helen Cline Director/instructor | Trustee | 20 | $0 |
Carl Cline Director | Trustee | 0.3 | $0 |
Marian Erikson Director | Trustee | 0.3 | $0 |
Kenyon Kelly Director/instructor | Trustee | 0.3 | $0 |
Hugh Gaither Director | Trustee | 0.3 | $0 |
Ray Mckinnon Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,769 |
| Investment income | $667 |
| 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 | $614,403 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $283,590 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,547 |
| Payroll taxes | $21,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,122 |
| Advertising and promotion | $467 |
| Office expenses | $10,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,968 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,985 |
| Insurance | $5,342 |
| All other expenses | $0 |
| Total functional expenses | $473,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,894 |
| Savings and temporary cash investments | $471,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,703,694 |
| Accounts payable and accrued expenses | $1,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,858 |
| Net assets without donor restrictions | $1,701,836 |
| 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 |
| Total liabilities and net assets/fund balances | $1,701,836 |