Hermosa Montessori Charter School
- Assets
- $1.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Tucson, AZ
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 86-0873390
Organization Overview
Hermosa Montessori Charter School is located in Tucson, AZ. 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 06/2022, Hermosa Montessori Charter School employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermosa Montessori Charter 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 06/2022, Hermosa Montessori Charter School generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HERMOSA MONTESSORI CHARTER SCHOOL IS A COMMUNITY OF LIFELONG LEARNERS WHICH INTEGRATES MONTESSORI EDUCATION WITH AZ ACADEMIC STANDARDS TO FOSTER SELF-MOTIVATED, MORAL, SOCIALLY, AND ENVIRONMENTALLY RESPONSIBLE INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERMOSA PROVIDES A UNIQUELY DESIGNED LEARNING ENVIRONMENT FOR KINDERGARTEN, ELEMENTARY, AND MIDDLE SCHOOL STUDENTS. HERMOSA BEGAN AS A SMALL, PRIVATE MONTESSORI SCHOOL. THE FOUNDER RECOGNIZED THAT THE CHARTER SCHOOL MOVEMENT WOULD ALLOW HER TO EXPAND THE SCHOOL AND ALLOW THE MONTESSORI METHOD TO BE TAUGHT TO A LARGER POPULATION ON A TUITION FREE BASIS. SINCE BECOMING A NON-PROFIT CHARTER SCHOOL, HERMOSA HAS GROWN FROM A FEW DOZEN STUDENTS TO ITS CURRENT SIZE OF APPROXIMATELY 200 STUDENTS. THE FOUNDER AND STAFF ARE PROUD OF THE FACT THAT WE ARE A FIRST COME, FIRST SERVE PUBLIC SCHOOL, WITH A SPECIAL NEEDS POPULATION OF TWENTY PERCENT. WE HAVE A WAITLIST FOR EVERY GRADE AND POST EXCELLING TEST SCORES YEAR AFTER YEAR WHILE INTEGRATING ENVIRONMENTAL SUSTAINABLE PRACTICES AND THE VIRTUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Stolov President & CEO | OfficerTrustee | 40 | $60,087 |
Ron Schifman Vp/secretary | OfficerTrustee | 1 | $0 |
Theresa Garrone Member | Trustee | 40 | $53,329 |
Chris Montgomery Member | Trustee | 40 | $81,727 |
Clarlyn Elder Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheila Stolov Facility Rental | 6/29/21 | $185,568 |
Maureen Connelly Speech | 6/29/21 | $123,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,905,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,058,532 |
| Total Program Service Revenue | $192,502 |
| 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 | $5,838 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,258,939 |
| 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 | $1,329,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $180,005 |
| 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 | $180,648 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,735 |
| Travel | $0 |
| 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 | $49,382 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,231,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $538,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,331 |
| 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 | $470,696 |
| Investments—publicly traded securities | $792,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,831,319 |
| Accounts payable and accrued expenses | $35,412 |
| 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 | $35,412 |
| Net assets without donor restrictions | $1,548,686 |
| Net assets with donor restrictions | $247,221 |
| 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 | $1,831,319 |