Charles Towne Montessori School
- Assets
- $3.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Charleston, SC
- Founding
- 03/1973
- Data as of
- 05/2022
- 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 05/2022, 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 05/2022, Charles Towne Montessori School generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. While expenses have increased by 5.7% per year over the past 7 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
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 | $54,788 |
Eric Hamberger Chair | OfficerTrustee | 1 | $0 |
Carl Macaulay Secretary | OfficerTrustee | 1 | $0 |
John Cergnul Treasurer | OfficerTrustee | 1 | $0 |
Natalie Thomas Director | Trustee | 1 | $0 |
Charles Hudson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,484 |
| Total Program Service Revenue | $1,146,609 |
| Investment income | $138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,618,468 |
| 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. | $54,788 |
| Compensation of current officers, directors, key employees. | $54,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $592,376 |
| Pension plan accruals and contributions | $2,763 |
| Other employee benefits | $95,932 |
| Payroll taxes | $48,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,545 |
| Fees for services: Accounting | $14,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,427 |
| Advertising and promotion | $7,361 |
| Office expenses | $5,254 |
| Information technology | $5,887 |
| Royalties | $0 |
| Occupancy | $68,815 |
| Travel | $1,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,080 |
| Insurance | $30,229 |
| All other expenses | $24,438 |
| Total functional expenses | $1,198,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,419 |
| Savings and temporary cash investments | $741,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $557,437 |
| 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 | $2,186,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,803,817 |
| 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 | $1,122,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $760,251 |
| Total liabilities | $1,882,397 |
| 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 | $1,921,420 |
| Total liabilities and net assets/fund balances | $3,803,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles Towne Montessori School has recieved totaling $269.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Raleigh School Inc Raleigh, NC | $13,452,378 | $6,056,870 |
Triangle Day School Inc Durham, NC | $8,607,980 | $5,280,206 |
John Milledge Academy Inc Milledgeville, GA | $6,442,412 | $5,275,141 |
Waldorf Educational Association Of Nc Inc Chapel Hill, NC | $4,735,222 | $4,389,934 |
Arbor Montessori School Inc Decatur, GA | $12,591,024 | $5,054,396 |
Greensboro Montessori School Greensboro, NC | $6,824,033 | $4,292,640 |