Island Village Montessori School Inc
- Assets
- $9.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 90
- Location
- Venice, FL
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 65-1067095
Organization Overview
Island Village Montessori School Inc is located in Venice, FL. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Island Village Montessori School Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Village 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 06/2021, Island Village Montessori School Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.6m during the year ending 06/2021. 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
SEE STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATED FOR THE FISCAL YEAR ENDING JUNE 30, 2021 AS A PUBLIC CHARTER SCHOOL FROM KINDERGARDEN THROUGH EIGHTH GRADE FOR 535 KIDS TO LEARN IN A MONTESSORI ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ocana Executive Director | Officer | 40 | $98,550 |
Patricia Meringer President | OfficerTrustee | 5 | $0 |
Dan Alexander Treasurer | OfficerTrustee | 5 | $0 |
Annette Ballou Secretary | OfficerTrustee | 5 | $0 |
William Koss Director | Trustee | 5 | $0 |
Michael Fingerle Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $893,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,932,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,825,782 |
| Total Program Service Revenue | $42,670 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,979,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,847,693 |
| 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. | $98,550 |
| Compensation of current officers, directors, key employees. | $98,550 |
| Compensation to disqualified persons | $60,964 |
| Other salaries and wages | $3,249,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,277 |
| Payroll taxes | $205,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,063 |
| Fees for services: Accounting | $24,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275,858 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,691 |
| Royalties | $0 |
| Occupancy | $662,755 |
| Travel | $290,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,413 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,609,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,412,442 |
| Savings and temporary cash investments | $0 |
| 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 | $166,558 |
| Net Land, buildings, and equipment | $4,664,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,423 |
| Total assets | $9,325,809 |
| Accounts payable and accrued expenses | $50,541 |
| 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 | $2,049,397 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,774 |
| Total liabilities | $2,266,712 |
| Net assets without donor restrictions | $7,059,097 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,325,809 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Island Village Montessori School Inc has recieved totaling $24,719.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $24,633 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |