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← PARENTS FOR MONTESSORI EDUCATION INC

Form 990 for tax year 2022

Filed by PARENTS FOR MONTESSORI EDUCATION INC.

Totals

Total revenue
$2,664,447
Total expenses
$1,998,600
Contributions and grants received
$94,242
Grants paid
$0
Program service revenue
$2,230,835
Investment income
$339,370
Other revenue
$0
Total assets, end of year
$7,284,899
Total liabilities, end of year
$1,075,406
Net assets or fund balances, end of year
$6,209,493
Program services expenses (Part IX)
$1,668,720
Management and general expenses
$293,407
Fundraising expenses
$36,473
Program service expenses (Part III)
$1,668,720

Program services were 83.5% 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)

    $50,891

  • 1f · All other contributions, gifts and grants

    $43,351

  • 2a · Program service revenue: TUITION AND DAYCARE

    total $2,226,250 · related or exempt $2,226,250

  • 2b · Program service revenue: APPLICATION FEES

    total $4,585 · related or exempt $4,585

  • 3 · Investment income

    total $98,534 · excluded $98,534

  • 7a · Gross sales of assets other than inventory

    securities $1,527,066

  • 7b · Less cost or other basis and sales expenses

    securities $1,285,780 · other assets $450

  • 7c · Gain or loss

    securities $241,286 · other assets -$450

  • 7d · Net gain or loss

    total $240,836 · related or exempt $240,836

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $116,318 · program services $29,079 · management and general $87,239

  • 7 · Other salaries and wages

    total $1,239,309 · program services $1,095,563 · management and general $116,633 · fundraising $27,113

  • 8 · Pension plan contributions

    total $27,788 · program services $23,064 · management and general $4,168 · fundraising $556

  • 9 · Other employee benefits

    total $112,963 · program services $93,759 · management and general $16,945 · fundraising $2,259

  • 10 · Payroll taxes

    total $103,933 · program services $86,264 · management and general $15,590 · fundraising $2,079

  • 11b · Fees: legal

    total $3,512 · program services $3,512

  • 11c · Fees: accounting

    total $11,255 · program services $5,740 · management and general $5,515

  • 11f · Fees: investment management

    total $13,468 · program services $7,542 · management and general $5,926

  • 12 · Advertising and promotion

    total $5,384 · management and general $5,384

  • 13 · Office expenses

    total $6,035 · program services $5,070 · management and general $965

  • 14 · Information technology

    total $17,927 · program services $11,832 · management and general $6,095

  • 22 · Depreciation, depletion and amortization

    total $96,294 · program services $91,479 · management and general $4,815

  • 23 · Insurance

    total $26,086 · program services $24,782 · management and general $1,304

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $55,237 · program services $52,475 · management and general $2,762

  • 24b · Other expenses: JANITORIAL & SECURITY

    total $51,524 · program services $48,948 · management and general $2,576

  • 24c · Other expenses: TELEPHONE & UTILITIES

    total $28,045 · program services $23,838 · management and general $4,207

  • 24d · Other expenses: SUPPLIES

    total $25,917 · program services $21,252 · management and general $4,665

  • 24e · All other expenses

    total $57,605 · program services $44,521 · management and general $8,618 · fundraising $4,466

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,141,366 · end of year $350,664

  • 2 · Savings and temporary cash investments

    beginning of year $1,878,858 · end of year $2,280,286

  • 4 · Accounts receivable

    beginning of year $1,040

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,302 · end of year $28,800

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

    $4,316,685

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

    $1,987,977

  • 10c · Land, buildings and equipment, net

    beginning of year $2,083,223 · end of year $2,328,708

  • 11 · Investments: publicly traded securities

    beginning of year $1,288,336 · end of year $2,291,543

  • 15 · Other assets

    beginning of year $5,308 · end of year $4,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,575 · end of year $19,378

  • 19 · Deferred revenue

    beginning of year $679,223 · end of year $899,178

  • 25 · Other liabilities

    beginning of year $135,050 · end of year $156,850

  • 27 · Net assets without donor restrictions

    beginning of year $5,594,585 · end of year $6,209,493

Mission and programs · 2022

Mission

TO PROVIDE EDUCATION TO CHILDREN WHICH IS CONSISTENT WITH THE TEACHINGS OF MARIA MONTESSORI.

  • THE MAJOR ACCOMPLISHMENT OF THE SCHOOL IS PROVIDING EDUCATION TO CHILDREN THAT IS CONSISTENT WITH THE TEACHINGS OF MARIA MONTESSORI (OPEN TO ALL CHILDREN REGARDLESS OF RACE, RELIGION OR SEX).

    Expenses $1,668,720

  • TO PROVIDE EDUCATION TO CHILDREN WHICH IS CONSISTENT WITH THE TEACHINGS OF MARIA MONTESSORI.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Brereton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan McCopp

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marihelen Owens

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Hilary Langer

    PTO PRESIDEN

    Total calculated
    $0
    Hours/week
    1

  • April Broyles

    STAFF REPRES

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Whitaker

    ADMINISTRATI

    Total calculated
    $117,818
    From this org
    $116,318
    From related orgs
    $0
    Other
    $1,500
    Hours/week
    40

  • Lorian Lipton

    PERSONNEL

    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
1 November 2023
IRS schema version
2022v5.0
Source object
202303199349329710

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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