Northeast Iowa Montessori School Inc
- Assets
- $516.1k
- Revenue
- $248.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Decorah, IA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 76-0762689
Organization Overview
Northeast Iowa Montessori School Inc is located in Decorah, IA. The organization was established in 2007. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Northeast Iowa Montessori School Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Iowa 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 12/2023, Northeast Iowa Montessori School Inc generated $248.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $331.8k during the year ending 12/2023. While expenses have increased by 10.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTESSORI METHOD OF EDUCATION SUPPORTS THE CHILD'S DEVELOPMENTAL NEEDS FOR FREEDOM WITHIN LIMITATIONS. IN A CAREFULLY PREPARED ENVIRONMENT THE CHILD IS GUARANTEED EXPOSURE TO MATERIALS AND EXPERIENCES THROUGH WHICH TO DEVELOP INTELLIGENCE AS WELL AS PHYSICAL AND PSYCHOLOGICAL ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL PROGRAMMING AND CHILDCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael Buresh Head Of Scho | Officer | 40 | $36,980 |
Luke Baethke Director | Trustee | 2 | $0 |
Matthew Deeney Director | Trustee | 2 | $0 |
Catherine Dyer Director | Trustee | 2 | $0 |
Paul Greenberg V. President | OfficerTrustee | 2 | $0 |
Michael Kueny Treasurer | OfficerTrustee | 2 | $0 |
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 | $3,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,601 |
| Total Program Service Revenue | $235,780 |
| Investment income | $1,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,842 |
| 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. | $36,980 |
| Compensation of current officers, directors, key employees. | $36,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,345 |
| Office expenses | $9,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,556 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,431 |
| Interest | $14,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,688 |
| Insurance | $10,102 |
| All other expenses | $2,866 |
| Total functional expenses | $331,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132 |
| Savings and temporary cash investments | $47,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $453,632 |
| Investments—publicly traded securities | $13,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,146 |
| Accounts payable and accrued expenses | $1,309 |
| 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 | $418,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $420,153 |
| Net assets without donor restrictions | $95,993 |
| 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 | $516,146 |