May River Montessori
- Assets
- $2.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Bluffton, SC
- Founding
- 04/2000
- Data as of
- 06/2024
- EIN
- 57-0853132
Organization Overview
May River Montessori is located in Bluffton, SC. The organization was established in 2000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, May River Montessori employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. May River Montessori 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 06/2024, May River Montessori generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 6.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MONTESSORI EDUCATION FROM PRE-SCHOOL THROUGH THE 9TH GRADE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL SERVES CHILDREN IN THE BEAUFORT COUNTY SOUTH CAROLINA AREA AND PROVIDES A MONTESSORI EDUCATION FROM 24 MONTHS OF AGE THROUGH NINTH GRADE.
SCHOOL SERVES CHILDREN IN THE BEAUFORT COUNTY SOUTH CAROLINA AREA AND PROVIDES A MONTESSORI EDUCATION FROM 24 MONTHS OF AGE THROUGH NINTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Stone Director Of | Officer | 40 | $80,000 |
Catherine Donaldson Member | Trustee | 1 | $0 |
Carey Ford Member | Trustee | 1 | $0 |
Nancy Golson Lifetime Mem | Trustee | 1 | $0 |
Dawn Miller Chairperson | OfficerTrustee | 1 | $0 |
Margaret Pearman Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,065 |
| Total Program Service Revenue | $1,411,134 |
| Investment income | $1,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,571,509 |
| 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 | $1,003,951 |
| Pension plan accruals and contributions | $8,561 |
| Other employee benefits | $199,975 |
| Payroll taxes | $86,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,990 |
| Fees for services: Accounting | $31,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,090 |
| Advertising and promotion | $469 |
| Office expenses | $44,360 |
| Information technology | $33 |
| Royalties | $0 |
| Occupancy | $31,865 |
| Travel | $4,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,067 |
| Insurance | $58,762 |
| All other expenses | $47,711 |
| Total functional expenses | $1,825,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $702 |
| 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 | $1,886,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,292 |
| Total assets | $2,574,305 |
| Accounts payable and accrued expenses | $18,538 |
| Grants payable | $0 |
| Deferred revenue | $28,500 |
| 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 | $1,489,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,562 |
| Total liabilities | $1,539,400 |
| 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 | $1,034,905 |
| Total liabilities and net assets/fund balances | $2,574,305 |