Grace Montessori Academy Inc
- Assets
- $4.0m
- Revenue
- $1.5m
- Investments
- $112.1k
- Employees
- 48
- Location
- Billings, MT
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 61-1513394
Organization Overview
Grace Montessori Academy Inc is located in Billings, MT. The organization was established in 2007. 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 06/2023, Grace Montessori Academy Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Montessori Academy 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 06/2023, Grace Montessori Academy Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN, NON-PROFIT SCHOOL FOCUSED ON EDUCATING CHILDREN FROM PRE-SCHOOL TO EIGTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE MONTESSORI ACADEMY IS A NON-DENOMINATIONAL CHRISTIAN MONTESSORI SCHOOL DEDICATED TO PROVIDING CHILDREN A HANDS-ON, INDEPENDENT LEARNING ENVIRONMENT THAT INSTILLS THE LOVE OF LEARNING. THE ACADEMY SERVED 169 STUDENTS DURING THE FISCAL YEAR.OUR PROGRAM PROVIDES STUDENTS THE TOOLS TO ACQUIRE INNER SELF-DISCIPLINE AND SELF-ESTEEM; TO ACHIEVE ACADEMIC EXCELLENCE; TO DEVELOP A LOVE FOR LIFE LONG LEARNING; TO LEARN MORAL AND SPIRITUAL PRINCIPLES; AND TO ACHIEVE THEIR HIGHEST POTENTIAL.THROUGH THE ACADEMIC AND EXPERIENTIAL LEARNING PROCESS DEVELOPED BY DR. MARIA MONTESSORI AND ENHANCED BY A CHRISTIAN BASED FOUNDATION, STUDENTS WILL LEARN TO CARE FOR AND RESPECT THEMSELVES, OTHERS, AND THE ENVIRONMENT. THE UNIQUE CYCLE OF LEARNING PROVIDED AT GRACE MONTESSORI ACADEMY IS DESIGNED TO TAKE ADVANTAGE OF THE CHILD'S SENSITIVE PERIODS THAT OCCUR BETWEEN THE AGES OF THREE TO SIX AND SIX TO NINE WHEN CHILDREN ABSORB INFORMATION AND PROFOUND LIFE UNDERSTANDINGS FROM A SPECIFICALLY ORDERED AND ENRICHED ENVIRONMENT. GRACE MONTESSORI ACADEMY CREATES A CHRISTIAN, NURTURING ATMOSPHERE WHERE EACH CHILD IS TREATED WITH SENSITIVITY, HONESTY AND RESPECT. IN THE EARLY CHILDHOOD CLASS, THE CHILDREN LEARN TO TAKE RESPONSIBILITY FOR THEMSELVES AND FOR EACH OTHER. THEY LEARN TO GET ALONG WITH CHILDREN OF DIFFERENT AGES AND ABILITIES, TO RESPECT EACH OTHER'S WORK AND WORK SPACE, AND TO TREAT EACH OTHER WITH COURTESY. THE CLASSROOM BECOMES A THRIVING COMMUNITY WHERE CHILDREN ARE TREATED WITH RESPECT AND DIGNITY AND WANT TO TREAT OTHERS WITH THE SAME RESPECT AND DIGNITY. THE ELEMENTARY-AGED CHILD IS IN A PERIOD OF HEIGHTENED SOCIAL DEVELOPMENT. MULTI-AGED GROUPINGS MEAN MORE SMALL-GROUP OPTIONS RELATIVE TO ABILITY AND INTEREST. THESE CHILDREN ARE ALSO EXTREMELY CURIOUS ABOUT THE WORLD AROUND THEM AND MECHANICS OF HOW THINGS WORK.GRACE MONTESSORI ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF GENDER, RACE, COLOR, NATIONAL ORIGIN, DISABILITY, RELIGION OR AGE IN THE ADMINSTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, AND ALL OTHER SCHOOL-ADMINISTERED PROGRAMS. OUR TEACHERS EMPHASIZE MORAL INSTRUCTION, KINDNESS, AND COMPASSION TO ALL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Beers Secretary | OfficerTrustee | 1 | $0 |
Crystal Phillis Board Member | Trustee | 1 | $0 |
Eli Johnson Board Member | Trustee | 1 | $0 |
Kim Collins Treasurer | OfficerTrustee | 1 | $0 |
Mary Beth Gregory Vice-President/head Of Sch | OfficerTrustee | 28 | $0 |
Pamela Purcell President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,011 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,220 |
| Noncash contributions included in lines 1a–1f | $704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,231 |
| Total Program Service Revenue | $955,931 |
| Investment income | $24,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,473,668 |
| 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. | $46,574 |
| Compensation of current officers, directors, key employees. | $46,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,867 |
| Pension plan accruals and contributions | $7,471 |
| Other employee benefits | $6,251 |
| Payroll taxes | $52,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,865 |
| Office expenses | $21,545 |
| Information technology | $28,344 |
| Royalties | $0 |
| Occupancy | $114,834 |
| Travel | $11,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,692 |
| Insurance | $15,372 |
| All other expenses | $5,858 |
| Total functional expenses | $1,168,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,897 |
| Savings and temporary cash investments | $992,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,759,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $112,059 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $370 |
| Total assets | $3,980,868 |
| 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 | $1,755,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,755,225 |
| Net assets without donor restrictions | $1,432,863 |
| Net assets with donor restrictions | $792,780 |
| 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 | $3,980,868 |