Charles Towne Montessori School
- Assets
- $4.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Charleston, SC
- Founding
- 03/1973
- Data as of
- 05/2023
- EIN
- 57-0548509
Organization Overview
Charles Towne Montessori School is located in Charleston, SC. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2023, Charles Towne Montessori School employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Towne 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 05/2023, Charles Towne Montessori School generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.5m during the year ending 05/2023. While expenses have increased by 7.8% 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 ORGANIZATION IS AN EDUCATIONAL INSTITUTION USING THE MONTESSORI APPROACH TO EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EDUCATION: APPROXIMATELY 90 CHILDREN FROM AGES ONE TO FIFTEEN ATTEND THE SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Burkhardt Head Of School | Officer | 40 | $66,453 |
Eric Hamberger Chair | OfficerTrustee | 1 | $0 |
John Cergnul Treasurer | OfficerTrustee | 1 | $0 |
Carl Macaulay Secretary | OfficerTrustee | 1 | $0 |
Natalie Thomas Director | Trustee | 1 | $0 |
Michael Wieckowski Vice-Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $305,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,263 |
| Total Program Service Revenue | $1,387,882 |
| Investment income | $17,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,761,347 |
| 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. | $50,973 |
| Compensation of current officers, directors, key employees. | $50,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,096 |
| Payroll taxes | $61,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,591 |
| Fees for services: Accounting | $10,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,865 |
| Advertising and promotion | $11,500 |
| Office expenses | $4,134 |
| Information technology | $16,241 |
| Royalties | $0 |
| Occupancy | $58,680 |
| Travel | $6,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,115 |
| Insurance | $43,642 |
| All other expenses | $49,681 |
| Total functional expenses | $1,482,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,141 |
| Savings and temporary cash investments | $1,098,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423,785 |
| 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 | $2,166,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $3,972,569 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,031,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $816,928 |
| Total liabilities | $1,848,472 |
| Net assets without donor restrictions | $0 |
| 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 | $2,124,097 |
| Total liabilities and net assets/fund balances | $3,972,569 |