Fairbanks Montessori Association Inc
- Assets
- $1.3m
- Revenue
- $990.4k
- Investments
- $0.0
- Employees
- 28
- Location
- Fairbanks, AK
- Founding
- 05/1972
- Data as of
- 05/2022
- EIN
- 92-0096309
Organization Overview
Fairbanks Montessori Association Inc is located in Fairbanks, AK. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2022, Fairbanks Montessori Association Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Montessori Association Inc 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 05/2022, Fairbanks Montessori Association Inc generated $990.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $934.6k during the year ending 05/2022. While expenses have increased by 0.9% per year over the past 7 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
FAIRBANKS MONTESSORI SCHOOL IS DEDICATED TO EARLY CHILDHOOD EDUCATION TO GIVE EACH CHILD A CHANCE TO MAXIMIZE HIS OR HER OWN POTENTIAL AND PROVIDES CHILDREN WITH AN ENVIRONMENT THAT STIMULATES SOCIAL, EMOTIONAL, PHYSICAL, AND COGNITIVE GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL EDUCATION FOR CHILDREN AGES 3 TO 6 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Nichols Executive Director | Trustee | 40 | $90,966 |
Morgan Dulian President | OfficerTrustee | 2 | $0 |
Larissa Hindman Secretary | OfficerTrustee | 2 | $0 |
Rhianna Twogood Vice President | OfficerTrustee | 2 | $0 |
Emily Lennevile Treasurer | OfficerTrustee | 2 | $0 |
Mitchell Twogood Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,982 |
| Total Program Service Revenue | $867,190 |
| Investment income | $762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $990,389 |
| 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. | $83,513 |
| Compensation of current officers, directors, key employees. | $83,513 |
| Compensation to disqualified persons | $591,113 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,676 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,225 |
| Insurance | $9,796 |
| All other expenses | $2,923 |
| Total functional expenses | $934,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,851 |
| 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 | $3,368 |
| Net Land, buildings, and equipment | $1,241,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,894 |
| Other assets | $0 |
| Total assets | $1,332,618 |
| Accounts payable and accrued expenses | $20,300 |
| 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 | $20,300 |
| Net assets without donor restrictions | $1,312,318 |
| 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 | $1,332,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairbanks Montessori Association Inc has recieved totaling $255.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Day 1 Academies Mercer Island, WA | $35,976,300 | $29,810,665 |
Villa Academy Seattle, WA | $24,276,388 | $13,840,238 |
Epiphany School Seattle, WA | $36,455,927 | $10,306,014 |
Waldorf School Association Of Seattle Seattle, WA | $16,310,724 | $9,141,587 |
Westside School Seattle, WA | $16,952,387 | $9,211,084 |
Woodinville Montessori School Bothell, WA | $15,931,467 | $9,107,096 |
Sound Child Care Solutions Seattle, WA | $4,171,227 | $8,436,558 |
Ccs Early Learning Wasilla, AK | $2,890,390 | $8,197,288 |
Lighthouse Christian School Gig Harbor, WA | $9,441,366 | $5,288,130 |
Pacific Crest Montessori School Seattle, WA | $10,385,240 | $4,777,587 |
Childrens Developmental Center Richland, WA | $5,556,028 | $4,343,956 |
Bright Water Waldorf Society Seattle, WA | $1,311,357 | $3,386,436 |