Salem Montessori School Incorporated
- Assets
- $317.2k
- Revenue
- $799.3k
- Investments
- $0.0
- Employees
- 25
- Location
- Winston Salem, NC
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 56-2253872
Organization Overview
Salem Montessori School Incorporated is located in Winston Salem, NC. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Salem Montessori School Incorporated employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Montessori School Incorporated 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, Salem Montessori School Incorporated generated $799.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $802.1k during the year ending 06/2022. While expenses have increased by 28.0% 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
TO PROVIDE A MONTESSORI EDUCATIONAL EXPERIENCE TO 80 PRESCHOOL AGE CHILDREN, WHO ATTENDED SCHOOL 2, 3, OR 5 DAYS, AND 32 ELEMENTARY CHILDREN, WHO ATTENDED SCHOOL 5 DAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A MONTESSORI EDUCATIONAL EXPERIENCE TO 114 PRESCHOOL AND ELEMENTARY AGE CHILDREN, WHO ATTENDED SCHOOL 2, 3, OR 5 DAYS PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Velde Head Of School | Officer | 40 | $29,622 |
Lauren Reid Chair | OfficerTrustee | 2 | $0 |
Francisco Morales Vice Chair | OfficerTrustee | 2 | $0 |
Richard Browne Treasurer | OfficerTrustee | 2 | $0 |
Chris Dyer Secretary | OfficerTrustee | 2 | $0 |
Gabe Chrysson Board Member | 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 | $92,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,216 |
| Total Program Service Revenue | $707,086 |
| Investment income | $912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,379 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,845 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $799,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,671 |
| Compensation of current officers, directors, key employees. | $7,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,694 |
| Pension plan accruals and contributions | $4,264 |
| Other employee benefits | $23,189 |
| Payroll taxes | $36,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,899 |
| Advertising and promotion | $3,106 |
| Office expenses | $17,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,585 |
| All other expenses | $4,633 |
| Total functional expenses | $802,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,599 |
| Savings and temporary cash investments | $118,040 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $2,610 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,249 |
| Accounts payable and accrued expenses | $35,540 |
| Grants payable | $0 |
| Deferred revenue | $150,450 |
| 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 | $185,990 |
| Net assets without donor restrictions | $131,259 |
| 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 | $317,249 |