Island Education Inc
- Assets
- $892.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Fernandina Beach, FL
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 59-1653881
Organization Overview
Island Education Inc, operating under the name Amelia Island Montessori School, is located in Fernandina Beach, FL. The organization was established in 1976. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Amelia Island Montessori School employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amelia Island 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 06/2022, Amelia Island Montessori School generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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 AN AUTHENTIC MONTESSORI EDUCATION, HELPING CHILDREN DEVELOP TO THEIR FULLEST POTENTIAL. TO PROMOTE, ESTABLISH AND OPERATE TODDLER THROUGH MIDDLE SCHOOL EDUCATIONAL PROGRAMS USING THE MONTESSORI METHOD OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL MEETS EDUCATIONAL NEEDS OF STUDENTS MAXIMIZING ACADEMIC AND SOCIAL DEVELOPMENT. THE MONTESSORI METHOD INSPIRES STUDENTS AND STAFF TO EXCEL AND SATISFY EDUCATIONAL GOALS
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sawyers President | OfficerTrustee | $0 | |
Laura Bowers Vice Chair | Officer | $0 | |
Oana Bulugean Treasurer | Officer | $0 | |
Gayle Davis Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,344 |
| Total Program Service Revenue | $812,807 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,107,439 |
| 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 | $670,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,942 |
| Payroll taxes | $49,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,936 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,237 |
| Office expenses | $6,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,737 |
| 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 | $27,505 |
| Insurance | $35,844 |
| All other expenses | $23,835 |
| Total functional expenses | $1,162,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,762 |
| 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 | $1,740 |
| Net Land, buildings, and equipment | $730,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532 |
| Total assets | $892,162 |
| Accounts payable and accrued expenses | $26,489 |
| Grants payable | $0 |
| Deferred revenue | $110,696 |
| 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 | $27,365 |
| Total liabilities | $164,550 |
| Net assets without donor restrictions | $547,612 |
| Net assets with donor restrictions | $180,000 |
| 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 | $892,162 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Island Education Inc has recieved totaling $36,663.
| Awarding Organization | Amount |
|---|---|
Episcopal Childrens Services Inc Jacksonville, FL PURPOSE: COVID RELIEF | $36,580 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |