Intercultural Montessori Foreign Language Immersion School
- Assets
- $23.6m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Chicago, IL
- Founding
- 05/2006
- Data as of
- 08/2023
- EIN
- 83-0415982
Organization Overview
Intercultural Montessori Foreign Language Immersion School, operating under the name See Schedule O Attached, is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, See Schedule O Attached employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O Attached 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 08/2023, See Schedule O Attached generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $6.6m during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 7 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
INTERCULTURAL DEVELOPS CHILDREN WHO RESPECT DIVERSITY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MONTESSORI SCHOOL FOR GENERAL EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN. TO ENCOURAGE AND FUND BILINGUAL AND MONTESSORI EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN.
A MONTESSORI SCHOOL FOR GENERAL EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN. TO ENCOURAGE AND FUND BILINGUAL AND MONTESSORI EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Drake President | OfficerTrustee | 2 | $0 |
Jeffrey Schroeder Treasurer | OfficerTrustee | 2 | $0 |
Imanni Wilkes Burg Secretary | OfficerTrustee | 2 | $0 |
Ryan White Director | Trustee | 1 | $0 |
Frank Bear Trustee | Trustee | 1 | $0 |
Cheryl Lacost Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moore Landscape Landscaping | 8/30/23 | $171,826 |
Wb Olson Construction | 8/30/23 | $126,921 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,913 |
| Total Program Service Revenue | $5,983,819 |
| Investment income | $235,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,517,274 |
| 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. | $181,456 |
| Compensation of current officers, directors, key employees. | $90,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,001,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $174,975 |
| Payroll taxes | $262,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,987 |
| Advertising and promotion | $36,104 |
| Office expenses | $95,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,130,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797,328 |
| Insurance | $86,399 |
| All other expenses | $7,390 |
| Total functional expenses | $6,550,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,505 |
| Savings and temporary cash investments | $4,456,158 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $555 |
| 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 | $51,469 |
| Net Land, buildings, and equipment | $16,406,172 |
| Investments—publicly traded securities | $2,402,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,611,853 |
| Accounts payable and accrued expenses | $773,648 |
| Grants payable | $0 |
| Deferred revenue | $1,593,372 |
| Tax-exempt bond liabilities | $14,945,645 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,575,000 |
| Unsecured mortgages and notes payable | $90,031 |
| Other liabilities | $0 |
| Total liabilities | $19,977,696 |
| Net assets without donor restrictions | $3,634,157 |
| 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 | $23,611,853 |