Cottonwood Montessori School
- Assets
- $2.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Corrales, NM
- Founding
- 07/1999
- Data as of
- 05/2023
- EIN
- 85-0430238
Organization Overview
Cottonwood Montessori School is located in Corrales, NM. The organization was established in 1999. 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 05/2023, Cottonwood Montessori School employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood 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 05/2023, Cottonwood Montessori School generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.6m during the year ending 05/2023. While expenses have increased by 2.3% per year over the past 5 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
COTTONWOOD MONTESSORI SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE AN EDUCATIONAL ENVIRONMENT FOR CHILDREN BETWEEN THE AGES OF TWO AND TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED 140 STUDENTS, AGES TWO TO TWELVE, WITH A WARM, NUTURING, DIDACTICALLY PREPARED ENVIRONMENT SUPERVISED AND MAINTAINED BY TEACHERS TRAINED IN THE MONTESSORI METHOD CONSISTENT WITH THE MONTESSORI PHILOSOPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Nickerson Sec/treas/exc Dir | OfficerTrustee | 60 | $60,000 |
Walter H Nickerson President | OfficerTrustee | 4 | $0 |
Tiffany Gravelle Vice President | OfficerTrustee | 1 | $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 | $17,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,318 |
| Total Program Service Revenue | $1,668,170 |
| Investment income | $512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,694,271 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $60,000 |
| Other salaries and wages | $1,001,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,143 |
| Payroll taxes | $82,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,801 |
| Office expenses | $203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,867 |
| Insurance | $28,632 |
| All other expenses | $54,018 |
| Total functional expenses | $1,599,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $465,831 |
| 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 | $1,937,038 |
| Investments—publicly traded securities | $13,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,523,353 |
| Accounts payable and accrued expenses | $15,444 |
| 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 | $417,338 |
| Secured mortgages and notes payable | $1,353,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $471,074 |
| Total liabilities | $2,257,249 |
| Net assets without donor restrictions | $266,104 |
| 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 | $2,523,353 |