Montessori Community School
- Assets
- $12.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 51
- Location
- Honolulu, HI
- Founding
- 11/1973
- Data as of
- 08/2022
- EIN
- 99-0150503
Organization Overview
Montessori Community School is located in Honolulu, HI. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, Montessori Community School employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montessori Community 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 08/2022, Montessori Community School generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.2m during the year ending 08/2022. While expenses have increased by 3.7% 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
MONTESSORI COMMUNITY SCHOOL IS AN INDEPENDENT, NON-SECTARIAN SCHOOL PROVIDING A MONTESSORI EDUCATION FOR CHILDREN AGES TWO THROUGH TWELVE YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TODDLER CARE PROGRAMS (AGE 2 YRS), PRESCHOOL PROGRAMS (AGES 3-6), ELEMENTARY PROGRAMS (GRADES 1-6), AND SUMMER PROGRAMS, APPROXIMATELY 200 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Iacovelli President | OfficerTrustee | 1 | $0 |
Paula Brotherton Vice Preside | OfficerTrustee | 1 | $0 |
Kirra Downing Secretary | OfficerTrustee | 1 | $0 |
Todd Okamoto Treasurer | OfficerTrustee | 1 | $0 |
Lisa Browning Trustee | Trustee | 1 | $0 |
Frances Gendrano Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,350 |
| Membership dues | $4,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $392,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,059 |
| Total Program Service Revenue | $3,437,601 |
| Investment income | $87,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $565 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,008,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,046 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,377 |
| Compensation of current officers, directors, key employees. | $146,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,751,641 |
| Pension plan accruals and contributions | $56,680 |
| Other employee benefits | $150,294 |
| Payroll taxes | $156,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,197 |
| Fees for services: Accounting | $13,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,053 |
| Advertising and promotion | $65,251 |
| Office expenses | $53,809 |
| Information technology | $38,408 |
| Royalties | $0 |
| Occupancy | $304,177 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $886 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,527 |
| Insurance | $45,966 |
| All other expenses | $0 |
| Total functional expenses | $3,248,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,280 |
| Savings and temporary cash investments | $3,322,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,810,621 |
| 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 | $46,913 |
| Net Land, buildings, and equipment | $156,192 |
| Investments—publicly traded securities | $5,739,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $493 |
| Total assets | $11,951,196 |
| Accounts payable and accrued expenses | $62,641 |
| Grants payable | $0 |
| Deferred revenue | $3,001,133 |
| 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 | $3,063,774 |
| Net assets without donor restrictions | $8,712,713 |
| Net assets with donor restrictions | $174,709 |
| 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 | $11,951,196 |