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Nonprofiteer
← WAYCROSS DISCOVERY MONTESSORI SCHOOL INC

Form 990 for tax year 2022

Filed by WAYCROSS DISCOVERY MONTESSORI SCHOOL INC.

Totals

Total revenue
$331,620
Total expenses
$254,618
Contributions and grants received
$206,966
Grants paid
$0
Program service revenue
$124,654
Investment income
$0
Other revenue
$0
Total assets, end of year
$105,985
Total liabilities, end of year
$144,048
Net assets or fund balances, end of year
-$38,063
Program services expenses (Part IX)
$227,514
Management and general expenses
$27,104
Fundraising expenses
$0
Program service expenses (Part III)
$227,514

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $186,564

  • 1f · All other contributions, gifts and grants

    $20,402

  • 2a · Program service revenue: TUITION

    total $124,654 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $45,000 · program services $22,500 · management and general $22,500 · fundraising $0

  • 7 · Other salaries and wages

    total $90,626 · program services $90,626 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $604 · program services $604 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $11,758 · program services $11,758 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,290 · program services $0 · management and general $1,290 · fundraising $0

  • 12 · Advertising and promotion

    total $999 · program services $999 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,476 · program services $1,476 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $6,876 · program services $6,876 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $25,308 · program services $25,308 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $9,916 · program services $9,916 · management and general $0 · fundraising $0

  • 20 · Interest

    total $4,910 · program services $4,910 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,073 · program services $3,073 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,314 · program services $0 · management and general $3,314 · fundraising $0

  • 24a · Other expenses: PALYGROUND EXPENSES

    total $15,383 · program services $15,383 · management and general $0 · fundraising $0

  • 24b · Other expenses: SCHOOL SUPPLIES

    total $16,031 · program services $16,031 · management and general $0 · fundraising $0

  • 24c · Other expenses: MAINTENANCE

    total $15,379 · program services $15,379 · management and general $0 · fundraising $0

  • 24d · Other expenses: UNIFORMS

    total $1,677 · program services $1,677 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $998 · program services $998 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,934 · end of year $101,526

  • 10a · Land, buildings and equipment: cost or other basis

    $35,053

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,594

  • 10c · Land, buildings and equipment, net

    beginning of year $7,532 · end of year $4,459

  • 22 · Loans and payables to officers and key people

    beginning of year $28,000 · end of year $28,000

  • 24 · Unsecured notes and loans payable

    beginning of year $148,531 · end of year $116,048

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$115,065 · end of year -$38,063

Mission and programs · 2022

Mission

Montessori School Education: To provide a carefully planned, stimulating environment which will help the child develop an excellent foundation for creative learning.

  • TRAINED MONTESSORI TEACHERS FACILITATING MULTI-AGE CLASSROOMS USING MATERIALS THAT PROVIDE A HANDS-ON APPROACH TO LEARNING. STUDENTS ARE GIVEN AGENCY TO SELF-SELECT WORK, LEADING TO MOTIVATION WITH EXTENDED WORK PERIODS TO ENABLE STUDENTS TO WORK AT THEIR OWN PACE AND WITHOUT INTERRUPTION.

    Expenses $227,514 · Revenue $124,654

As filed on the 2022 return.

Listed in Part VII

  • Christina Germano

    EXECUTIVE DIRECTOR

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Doris Germano

    CEO

    Total calculated
    $0
    Hours/week
    1

  • Cathy Cornelius

    CFO

    Total calculated
    $0
    Hours/week
    1

  • Dannette Kallay

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202313199349331466

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