Island Village Montessori School Inc
- Assets
- $10.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 92
- Location
- Venice, FL
- Founding
- 07/2001
- Data as of
- 06/2023
- 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 06/2023, Island Village Montessori School Inc employed 92 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 06/2023, Island Village Montessori School Inc generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $6.5m 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
SEE STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATED FOR THE FISCAL YEAR ENDING JUNE 30, 2023 AS A PUBLIC CHARTER SCHOOL FROM KINDERGARDEN THROUGH EIGHTH GRADE FOR 600 KIDS TO LEARN IN A MONTESSORI ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fingerle President | OfficerTrustee | 5 | $0 |
Dan Alexander Treasurer | OfficerTrustee | 5 | $0 |
Annette Ballou Secretary | OfficerTrustee | 5 | $0 |
Peter Madpak Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $473,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,365,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,839,515 |
| Total Program Service Revenue | $130,958 |
| 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 | $6,970,473 |
| 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 | $3,418,325 |
| Pension plan accruals and contributions | $72,374 |
| Other employee benefits | $235,259 |
| Payroll taxes | $262,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,654 |
| 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 | $0 |
| Advertising and promotion | $19,289 |
| Office expenses | $6,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $855,607 |
| Travel | $339,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $454,189 |
| Insurance | $0 |
| All other expenses | $426,052 |
| Total functional expenses | $6,452,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,146,862 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,053 |
| 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 | $222,141 |
| Net Land, buildings, and equipment | $8,533,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,244 |
| Total assets | $10,136,925 |
| Accounts payable and accrued expenses | $168,007 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,495,118 |
| Other liabilities | $219,535 |
| Total liabilities | $1,882,660 |
| Net assets without donor restrictions | $8,254,265 |
| 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 | $10,136,925 |