Hope Montessori Academy
- Assets
- $730.2k
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 355
- Location
- St Louis, MO
- Founding
- 10/2003
- Data as of
- 06/2023
- EIN
- 81-0572844
Organization Overview
Hope Montessori Academy is located in St Louis, MO. The organization was established in 2003. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Hope Montessori Academy employed 355 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Montessori Academy 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 06/2023, Hope Montessori Academy generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $12.9m during the year ending 06/2023. While expenses have increased by 3.1% 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
TO ADMINISTER A HIGHLY RESPECTED MONTESSORI EDUCATION PROGRAM AND DAYCARE WHICH FOCUSES ON AN INDIVIDUALIZED CURRICULUM OF LEARNING, ALLOWING EACH CHILD TO REACH HIS OR HER FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE MONTESSORI CONSISTS OF 8 HIGHLY RESPECTED EDUCATIONAL, CHILDCARE AND RECREATIONAL ENVIRONMENTS THAT NURTURE THE LIVES OF OVER 2,000 CHILDREN FROM 6 WEEKS OLD THROUGH 12 YEARS OF AGE EACH AND EVERY YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman N Deeba President & CEO | OfficerTrustee | 50 | $392,374 |
Brad Lemasters Treasurer & CFO | OfficerTrustee | 5 | $0 |
Tim Dolan Director | Trustee | 2 | $0 |
Carrie Oleson Executive Director | 40 | $119,708 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Open Works Janitorial Services | 6/29/20 | $154,183 |
Jayco Painting & Decorating Painting | 6/29/20 | $104,332 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,683,779 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,683,779 |
| 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. | $542,881 |
| Compensation of current officers, directors, key employees. | $304,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,224,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $551,052 |
| Payroll taxes | $583,978 |
| Fees for services: Management | $29,490 |
| Fees for services: Legal | $1,714 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,917 |
| Office expenses | $559,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,722,380 |
| Travel | $21,556 |
| 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 | $0 |
| Insurance | $242,676 |
| All other expenses | $109,124 |
| Total functional expenses | $12,865,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,356 |
| 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 | $66,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,600 |
| Total assets | $730,159 |
| Accounts payable and accrued expenses | $1,739,966 |
| Grants payable | $0 |
| Deferred revenue | $65,656 |
| 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 | $1,805,622 |
| Net assets without donor restrictions | -$1,075,463 |
| 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 | $730,159 |