Springmont School Inc
- Assets
- $10.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Atlanta, GA
- Founding
- 04/1965
- Data as of
- 07/2020
- EIN
- 58-0940357
Organization Overview
Springmont School Inc is located in Atlanta, GA. The organization was established in 1965. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Springmont School Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springmont School 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 07/2020, Springmont School Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.9m during the year ending 07/2020. While expenses have increased by 2.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SPRINGMONT IS A MONTESSORI SCHOOL SERVING CHILDREN FROM 18 MONTHS OLD THROUGH MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EDUCATIONAL ENVIRONMENT FOR CHILDREN UNDER AGE 14 TO ACHIEVE ACADEMIC AND CREATIVE POTENTIAL AS WELL AS BUILD SOCIAL, EMOTIONAL, INTELLECTUAL AND PHYSICAL ABILITIES.
SPRINGMONT OFFERED A PRIMARY AND TODDLER SUMMER CAMP. FAMILIES WERE ABLE TO CHOOSE BETWEEN A HALF DAY AND FULL DAY PROGRAM. EACH WEEK HAS A DIFFERENT THEME AND INCLUDES THEME SPECIFIC ACTIVITIES, ARTS AND CRAFTS, WATER PLAY, AND A SPECIAL GUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan K Alden Immediate Past Head Of School | 40 | $188,241 | |
Greg Lamps Chairman | OfficerTrustee | 1 | $0 |
Mysha Whorley Vice-Chairman | OfficerTrustee | 1 | $0 |
Galina Courson Treasurer | OfficerTrustee | 1 | $0 |
Megan Hakerem Interim Head Of School | Officer | 40 | $0 |
Brian Livesay Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,418 |
| Investment income | $32,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,857 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,992,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $374,805 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,655,664 |
| Pension plan accruals and contributions | $47,001 |
| Other employee benefits | $8,034 |
| Payroll taxes | $178,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,217 |
| Fees for services: Accounting | $15,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $151,321 |
| Office expenses | $109,935 |
| Information technology | $28,654 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,853 |
| Insurance | $323,390 |
| All other expenses | $0 |
| Total functional expenses | $4,852,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,160,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,786,114 |
| Loans from Officers, Directors, or Controlling Persons | $123,438 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,107,675 |
| Accounts payable and accrued expenses | $43,646 |
| Grants payable | $0 |
| Deferred revenue | $562,800 |
| 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 | $5,362,401 |
| Total liabilities | $5,968,847 |
| 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 |
| Total liabilities and net assets/fund balances | $4,138,828 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Springmont School Inc has recieved totaling $5,132.
| Awarding Organization | Amount |
|---|---|
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |
Lakeland Christian School Inc Lakeland, FL | $60,596,367 | $29,249,240 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Alfred B Maclay Jr Day School Tallahassee, FL | $28,425,288 | $17,967,088 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |