Montessori Elementary At Highland Park
- Assets
- $1.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 69
- Location
- Chattanooga, TN
- Founding
- Data as of
- 06/2023
- EIN
- 85-0736138
Organization Overview
Montessori Elementary At Highland Park is located in Chattanooga, TN. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Montessori Elementary At Highland Park employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Elementary At Highland Park 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, Montessori Elementary At Highland Park generated $3.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 2 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 MISSION OF MONTESSORI ELEMENTARY AT HIGHLAND PARK IS TO CULTIVATE AMBITIOUS, FEARLESS LEARNERS THROUGH INTELLECTUALLY-STIMULATING, INTERACTIVE EXPERIENCES THAT AWAKEN CURIOSITY, NURTURE ADVANCED THINKING, AND PROMOTOE INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPENED IN 2021, MONTESSORI ELEMENTARY AT HIGHLAND PARK IS A CO-EDUCATION, PUBLIC CHARTER SCHOOL THAT OFFERS AN EDUCATIONAL PROGRAM FOR CHILDREN, PRE-K 3 THROUGH 5TH GRADE. THE SCHOOL SERVES FAMILIES FROM ALL BACKGROUNDS AND PROVIDES A DYNAMIC, PARTICIPATORY ENVIRONMENT THAT INTEGRATES MONTESSORI CHILDHOOD EDUCATION WITH STEAM EXPERIENTIAL LEARNING. THE VISION IS TO ESTABLISH A TRAJECTORY FOR LIFELONG LEARNING AND SELF-DIRECTED DISCOVERY THAT ENABLES CHILDREN TO REACH THEIR FULL POTENTIAL AS INTELLECTUALLY-ENGAGED LEARNERS AND ETHICALLY-FOCUSED LEADERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Anne Wells Chair | OfficerTrustee | 1 | $0 |
Edna Varner Secretary | OfficerTrustee | 1 | $0 |
Mclain Maclellan Board Member | Trustee | 1 | $0 |
Susan Stein Board Member | Trustee | 1 | $0 |
Hal North Board Member | Trustee | 1 | $0 |
Shewanee Howard-Baptiste Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,356,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,802,908 |
| Total Program Service Revenue | $0 |
| 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 | $3,802,908 |
| 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 | $0 |
| Other salaries and wages | $1,873,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $272,496 |
| Payroll taxes | $141,257 |
| 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 | $616,335 |
| Advertising and promotion | $0 |
| Office expenses | $947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,879 |
| Travel | $4,333 |
| 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 | $88,882 |
| Insurance | $24,080 |
| All other expenses | $161 |
| Total functional expenses | $3,269,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $140,000 |
| 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 | $918 |
| Net Land, buildings, and equipment | $391,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,382 |
| Total assets | $1,657,374 |
| Accounts payable and accrued expenses | $8,908 |
| 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 | $186,866 |
| Total liabilities | $195,774 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $768,029 |
| Paid-in or capital surplus, or land, building, or equipment fund | $391,002 |
| Retained earnings, endowment, accumulated income, or other funds | $302,569 |
| Total liabilities and net assets/fund balances | $1,657,374 |