Midland Montessori School Inc
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Midland, TX
- Founding
- 03/2000
- Data as of
- 07/2023
- EIN
- 75-2771791
Organization Overview
Midland Montessori School Inc is located in Midland, TX. The organization was established in 2000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Midland Montessori School Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland 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 07/2023, Midland Montessori School Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.4m during the year ending 07/2023. While expenses have increased by 3.5% 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
MIDLAND MONTESSORI SCHOOL STRIVES TO PROVIDE AN ENGAGING, WELL-EQUIPPED MONTESSORI COMMUNITY WHERE NURTURE AND GUIDANCE FROM QUALIFIED TEACHERS LEADS CHILDREN TO SELF-DISCIPLINE, CONFIDENCE AND A LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL THAT OFFERS PRESCHOOL AND ELEMENTARY CLASSES IN A UNIQUE LEARNING ENVIRONMENT THAT IS GEARED TO EACH INDIVIDUAL STUDENT'S LEVEL OF READINESS. THE CURRICULUM OF THE SCHOOL IS DIVIDED INTO FOUR BASIC AREAS: PRACTICAL LIFE, SENSORIAL, LANGUAGE AND MATHEMATICS. THE CURRICULUM ALSO INCLUDES SPANISH, MUSIC, SCIENCE, AND SOCIAL STUDIES. ALL ACTIVITIES ARE DESIGNED TO BUILD CONCENTRATION AND DEVELOP COORDINATION, SELF-DISCIPLINE, AND CONFIDENCE. THERE WERE 158 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Speer President | OfficerTrustee | 1.15 | $0 |
Paul Morrow Vice Preside | OfficerTrustee | 0.58 | $0 |
Marcia Walker Treasurer | OfficerTrustee | 1.38 | $0 |
Phillip Douget Board Member | Trustee | 0.58 | $0 |
Donna Luke Executive Di | OfficerTrustee | 40 | $99,099 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,206 |
| Total Program Service Revenue | $1,380,080 |
| Investment income | $28,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,743 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,491,006 |
| 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. | $101,846 |
| Compensation of current officers, directors, key employees. | $16,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,456 |
| Payroll taxes | $78,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,630 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,133 |
| Office expenses | $3,763 |
| Information technology | $7,694 |
| Royalties | $0 |
| Occupancy | $20,714 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,780 |
| Insurance | $41,236 |
| All other expenses | $15,959 |
| Total functional expenses | $1,356,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,279 |
| Savings and temporary cash investments | $1,277,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $1,060,935 |
| Investments—publicly traded securities | $27,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,547,615 |
| Accounts payable and accrued expenses | $17,532 |
| Grants payable | $0 |
| Deferred revenue | $567,340 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $584,872 |
| Net assets without donor restrictions | $1,946,869 |
| Net assets with donor restrictions | $15,874 |
| 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 | $2,547,615 |