Montessori Educational Center Inc
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 55
- Location
- Alexandria, LA
- Founding
- 09/1990
- Data as of
- 06/2024
- EIN
- 72-1142136
Organization Overview
Montessori Educational Center Inc is located in Alexandria, LA. The organization was established in 1990. 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 06/2024, Montessori Educational Center Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Educational Center 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 06/2024, Montessori Educational Center Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 4.5% 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
TO EDUCATE AND NURTURE THE WHOLE CHILD AND INSTILL A LIFELONG LOVE OF LEARNING IN A CARING, AUTHENTIC MONTESSORI ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI METHOD OF TEACHING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Beck Secretary | OfficerTrustee | 5 | $0 |
Sara Bruner Director | Trustee | 0 | $0 |
Carol Kelly Director | Trustee | 0 | $0 |
Del Payne Director | Trustee | 0 | $0 |
Meenu Sharma Treasurer | OfficerTrustee | 0 | $0 |
Micah Rodgers Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,572 |
| Total Program Service Revenue | $1,316,244 |
| Investment income | $5,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,390,127 |
| 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 | $925,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,026 |
| Payroll taxes | $74,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,617 |
| Office expenses | $12,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,279 |
| Insurance | $38,227 |
| All other expenses | $26,331 |
| Total functional expenses | $1,334,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,550 |
| Savings and temporary cash investments | $564,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,158 |
| 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 | $881,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,964 |
| Total assets | $1,756,757 |
| Accounts payable and accrued expenses | $7,456 |
| Grants payable | $0 |
| Deferred revenue | $85,609 |
| 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 | $240,370 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $333,435 |
| Net assets without donor restrictions | $1,415,152 |
| Net assets with donor restrictions | $8,170 |
| 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 | $1,756,757 |