Khalsa Montessori Elementary School
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Phoenix, AZ
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 86-0824311
Organization Overview
Khalsa Montessori Elementary School is located in Phoenix, AZ. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Khalsa Montessori Elementary School employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Khalsa Montessori Elementary 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 06/2023, Khalsa Montessori Elementary School generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 5.3% 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
KHALSA INTEGRATES A CHALLENGING MONTESSORI EDUCATION AND A CARING, RESPONSIBLE COMMUNITY TO PROVIDE FOR THE ACADEMIC, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH OF STUDENTS IN CENTRAL PHOENIX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KHALSA MONTESSORI ELEMENTARY SCHOOL INTEGRATES A CHALLENGING MONTESSORI EDUCATION AND A CARING, RESPONSIBLE COMMUNITY TO PROVIDE FOR STUDENTS' ACADEMIC, SOCIAL, PHYSICAL AND CREATIVE GROWTH. WE OFFER CHILDREN THE OPPORTUNITY TO REACH THEIR HIGHEST POTENTIAL IN HOLISTIC SELF-PACED CLASSROOMS THAT ENCOURAGE ACADEMIC EXCELLENCE, CREATIVITY, MIND/BODY DISCIPLINE, AND SOCIAL RESPONSIBILITY. EXPECTATIONS OF INDEPENDENCE, RESPONSIBILITY FOR ONES SELF AND OTHERS, AND COGNITIVE TOOLS BUILD MASTERY AND HABITS OF MIND THAT SUPPORT A LIFETIME OF SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Caglio Vice President | OfficerTrustee | 0.5 | $0 |
Karen Paxton President/school Director | OfficerTrustee | 24 | $47,724 |
Bryan Murphy Member | Trustee | 0.5 | $0 |
Sara Park Member | Trustee | 0.5 | $0 |
Carie Modeer Member | Trustee | 40 | $60,226 |
Cynthia Huebscher Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,425,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,472,330 |
| Total Program Service Revenue | $158,930 |
| Investment income | $4,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,652 |
| Net Gain/Loss on Asset Sales | -$155,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534,275 |
| 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. | $138,552 |
| Compensation of current officers, directors, key employees. | $37,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,410 |
| Pension plan accruals and contributions | $1,663 |
| Other employee benefits | $41,989 |
| Payroll taxes | $61,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $22,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,576 |
| Advertising and promotion | $9,116 |
| Office expenses | $70,795 |
| Information technology | $6,039 |
| Royalties | $0 |
| Occupancy | $216,492 |
| Travel | $4,180 |
| 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 | $66,566 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,499,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,977 |
| Savings and temporary cash investments | $975,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,563 |
| 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 | $1,269 |
| Net Land, buildings, and equipment | $1,267,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,362 |
| Total assets | $2,490,258 |
| Accounts payable and accrued expenses | $31,311 |
| Grants payable | $0 |
| Deferred revenue | $22,123 |
| 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 | $1,013,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,362 |
| Total liabilities | $1,102,123 |
| Net assets without donor restrictions | $1,119,555 |
| Net assets with donor restrictions | $268,580 |
| 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 | $2,490,258 |