Gateway Montessori School
- Assets
- $186.4k
- Revenue
- $620.3k
- Investments
- $0.0
- Employees
- 23
- Location
- Longmont, CO
- Founding
- 10/1983
- Data as of
- 07/2024
- EIN
- 84-0886586
Organization Overview
Gateway Montessori School is located in Longmont, CO. The organization was established in 1983. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2024, Gateway Montessori School employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway 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 07/2024, Gateway Montessori School generated $620.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $661.3k during the year ending 07/2024. While expenses have increased by 16.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EARLY CHILDHOOD EDUCATION IN THE MONTESSORI STYLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLED AND EDUCATED 63 CHILDREN DURING THE SCHOOL YEAR AND 54 CHILDREN DURING SUMMER CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Hedger Director | Trustee | 1 | $0 |
Rachel Reese Director | Trustee | 1 | $0 |
Marcy Mcgurgan Secretary | Officer | 1 | $0 |
Emily Hudson Treasurer | Officer | 1 | $0 |
Reyn Hedger Head Of School | Officer | 50 | $0 |
Mary Benedict President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,537 |
| Related organizations | $0 |
| Government grants | $9,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,737 |
| Total Program Service Revenue | $583,712 |
| Investment income | $822 |
| 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 | $620,271 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,163 |
| Payroll taxes | $44,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,445 |
| Advertising and promotion | $1,121 |
| Office expenses | $11,939 |
| Information technology | $538 |
| Royalties | $0 |
| Occupancy | $58,652 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,511 |
| Insurance | $4,377 |
| All other expenses | $0 |
| Total functional expenses | $661,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,382 |
| Savings and temporary cash investments | $35,555 |
| 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 | $91,475 |
| Investments—publicly traded securities | $38,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,880 |
| Other assets | $0 |
| Total assets | $186,416 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $186,416 |
| Total liabilities and net assets/fund balances | $186,416 |