Montessori Academy Incorporated
- Assets
- $5.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 115
- Location
- Brentwood, TN
- Founding
- 08/1990
- Data as of
- 06/2021
- EIN
- 62-1216240
Organization Overview
Montessori Academy Incorporated is located in Brentwood, TN. The organization was established in 1990. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Montessori Academy Incorporated employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Academy Incorporated 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 06/2021, Montessori Academy Incorporated generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MONTESSORI ACADEMY, INC. MAINTAINS TWO SCHOOLS FOR CHILDREN ACCORDING TO THE MONTESSORI PHILOSOPHY AS DISSEMINATED BY THE AMERICAN MONTESSORI SOCIETY FOR TODDLERS THROUGH 12TH GRADE. MONTESSORI ACADEMY IS LOCATED IN BRENTWOOD, TENNESSEE AND AMARE MONTESSORI IS LOCATED IN CLARKSVILLE, TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING TODDLERS THROUGH TWELFTH GRADERS USING THE MONTESSORI METHOD.
ADULT TEACHER TRAINING PROGRAMS - NO NEW ACTIVITY DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Bernstorf Board Member | Officer | 1 | $0 |
Yolanda Greene Board Member | Officer | 1 | $0 |
Jim Bernstorf Board Member | Officer | 1 | $0 |
Genie Wright Board Member | Trustee | 1 | $0 |
Arthur Rudolph Board Member | Trustee | 1 | $0 |
Andy Naylor Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,908 |
| Investment income | $0 |
| 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 | $4,284,790 |
| Statement of Expenses | |
|---|---|
| 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. | $119,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,482,969 |
| Pension plan accruals and contributions | $30,010 |
| Other employee benefits | $63,719 |
| Payroll taxes | $201,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,420 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,144 |
| Advertising and promotion | $21,353 |
| Office expenses | $11,592 |
| Information technology | $9,367 |
| Royalties | $0 |
| Occupancy | $217,279 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,899 |
| Interest | $97,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,440 |
| Insurance | $36,814 |
| All other expenses | $0 |
| Total functional expenses | $3,915,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,186 |
| Savings and temporary cash investments | $144,984 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,733,918 |
| Accounts payable and accrued expenses | -$32 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,475,751 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,157,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,157,036 |
| 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 | $2,576,882 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montessori Academy Incorporated has recieved totaling $6,411.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,870 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |