New World Montessori School
- Assets
- $253.3k
- Revenue
- $854.1k
- Investments
- $0.0
- Employees
- 18
- Location
- El Paso, TX
- Founding
- 03/2003
- Data as of
- 07/2021
- EIN
- 74-2972504
Organization Overview
New World Montessori School is located in El Paso, TX. The organization was established in 2003. 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 07/2021, New World Montessori School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Montessori School 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 07/2021, New World Montessori School generated $854.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $815.7k during the year ending 07/2021. While expenses have increased by 0.5% per year over the past 6 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
EDUCATION OF APPROXIMATELY 150 CHILDREN FROM BIRTH THROUGH THE 6TH GRADE BASED ON CURRICULUM DEVELOPED TO PROVIDE A SUPERIOR ACADEMIC ENVIRONMENT THAT NURTURES THE EDUCATION OF THE CHILD, FOSTERS SELF-ESTEEM, RESPECT FOR FELLOW INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES - EDUCATED APPROXIMATELY 125 CHILDREN THROUGH THE 8TH GRADE BASED ON CURRICULUM DEVELOPED TO PROVIDE A SUPERIOR ACADEMIC ENVIRONMENT THAT NURTURES THE EDUCATION OF THE CHILD, FOSTERS SELF-ESTEEM, RESPECT FOR FELLOW INDIVIDUALS & ALL LIVING CREATURES, SELF-DISCIPLINE, COOPERATION AND LOVE OF LEARNING.
LUNCH PROGRAM - PROVIDED HEALTHY AND WELL-BALANCED MEALS TO ENROLLED STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Portillo Pres | OfficerTrustee | 48 | $66,200 |
Ines Portillo VP | OfficerTrustee | 48 | $66,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,006 |
| Total Program Service Revenue | $686,600 |
| Investment income | $381 |
| 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 | $76 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $854,063 |
| 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. | $132,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,626 |
| Payroll taxes | $35,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,464 |
| Advertising and promotion | $4,486 |
| Office expenses | $67,912 |
| Information technology | $6,487 |
| Royalties | $0 |
| Occupancy | $185,764 |
| Travel | $8,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,473 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $815,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,028 |
| Loans from Officers, Directors, or Controlling Persons | $11,395 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,698 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,444 |
| Net Land, buildings, and equipment | $47,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,257 |
| Accounts payable and accrued expenses | $6,555 |
| Grants payable | $0 |
| Deferred revenue | $103,421 |
| 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 | $130,682 |
| Other liabilities | $12,741 |
| Total liabilities | $253,399 |
| Net assets without donor restrictions | -$1,327 |
| Net assets with donor restrictions | $1,185 |
| 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 | $253,257 |
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