Community Montessori School Inc
- Assets
- $5.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Lexington, KY
- Founding
- 09/1971
- Data as of
- 05/2024
- EIN
- 61-0713317
Organization Overview
Community Montessori School Inc is located in Lexington, KY. The organization was established in 1971. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2024, Community Montessori School Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Montessori 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 05/2024, Community Montessori School Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.9m during the year ending 05/2024. While expenses have increased by 4.2% 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 SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ADDITIONAL DATA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fareesh Kanga Executive Board Member | Trustee | 5 | $0 |
Shreya Buch Executive Board Member | Trustee | 5 | $0 |
Zach Brien Member At Large | Trustee | 5 | $0 |
Becka Bralts Member At Large | Trustee | 5 | $0 |
Josh Jones Member At Large | Trustee | 5 | $0 |
April Colyer Member At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $402,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,848 |
| Total Program Service Revenue | $1,759,549 |
| Investment income | $5,019 |
| 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 | $2,200,316 |
| 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 | $1,075,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,659 |
| Payroll taxes | $73,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,087 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,423 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,888 |
| Insurance | $23,831 |
| All other expenses | $125,207 |
| Total functional expenses | $1,935,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| Savings and temporary cash investments | $1,335,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,171 |
| 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 | $3,812,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,615 |
| Other assets | $0 |
| Total assets | $5,234,390 |
| Accounts payable and accrued expenses | $61,426 |
| 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 | $1,569,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,221 |
| Total liabilities | $1,648,646 |
| Net assets without donor restrictions | $3,454,155 |
| Net assets with donor restrictions | $131,589 |
| 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 | $5,234,390 |