Upper Valley Montessori Society Inc
- Assets
- $2.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Edinburg, TX
- Founding
- 10/1975
- Data as of
- 07/2023
- EIN
- 74-1797199
Organization Overview
Upper Valley Montessori Society Inc is located in Edinburg, TX. The organization was established in 1975. 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 07/2023, Upper Valley Montessori Society Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Valley Montessori Society 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 07/2023, Upper Valley Montessori Society Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.1m during the year ending 07/2023. While expenses have increased by 0.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES A SCHOOL WHOSE PRIMARY FUNCTION IS FORMAL EDUCATION. IT HAS A REGULAR FACULTY, CURRICULUM AND AN ENROLLED STUDENT BODY. THE NUMBER OF STUDENTS AVERAGES 236. IT ALSO OPERATES A DAY CARE CENTER FOR THE BENEFIT OF ITS STUDENTS AND THEIR PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN EDUCATIONAL SETTING WITH A MONTESSORI BACKGROUND AND INFLUENCE AND TO EXPAND THE MONTESSORI'S EDUCATIONAL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephany Davis VP Of Finance | Trustee | 1 | $0 |
Katrena Henry President | Trustee | 1 | $0 |
Anna Allman Secretary | Trustee | 1 | $0 |
Joe Hovey VP Of Community Relations | Trustee | 1 | $0 |
Hector Guzman Director | Trustee | 1 | $0 |
Maria Naranjo VP Of Parental Involvement | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,375 |
| Total Program Service Revenue | $1,066,298 |
| Investment income | $676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,806 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,224,155 |
| 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 | $479,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $135,688 |
| Fees for services: Management | $1,500 |
| Fees for services: Legal | $1,827 |
| Fees for services: Accounting | $13,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,480 |
| Office expenses | $5,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,091 |
| Insurance | $104,021 |
| All other expenses | $38,080 |
| Total functional expenses | $1,070,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210,528 |
| Savings and temporary cash investments | $141,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,240 |
| 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 | $1,218,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,724 |
| Total assets | $2,634,410 |
| Accounts payable and accrued expenses | $11,830 |
| Grants payable | $0 |
| Deferred revenue | $119,395 |
| 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 | $16,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,004,873 |
| Total liabilities | $2,152,984 |
| Net assets without donor restrictions | $481,426 |
| 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 | $2,634,410 |