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← SOUTHWEST INSTITUTE OF MONTESSORI STUDIES

Form 990 for tax year 2022

Filed by SOUTHWEST INSTITUTE OF MONTESSORI STUDIES.

Totals

Total revenue
$1,713,122
Total expenses
$1,792,028
Contributions and grants received
$201,767
Grants paid
$0
Program service revenue
$1,466,317
Investment income
$0
Other revenue
$45,038
Total assets, end of year
$1,118,868
Total liabilities, end of year
$888,076
Net assets or fund balances, end of year
$230,792
Program services expenses (Part IX)
$1,160,134
Management and general expenses
$631,894
Fundraising expenses
$0
Program service expenses (Part III)
$1,160,134

Program services were 64.7% 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.

  • 1c · Fundraising events

    $13,368

  • 1e · Government grants (contributions)

    $152,369

  • 1f · All other contributions, gifts and grants

    $36,030

  • 2a · Program service revenue: TUITION

    total $1,466,317 · related or exempt $1,466,317

  • 6a · Gross rents

    real property $38,542

  • 6c · Rental income or loss

    real property $38,542

  • 6d · Net rental income or loss

    total $38,542 · excluded $38,542

  • 8a · Fundraising events: contributions included on line 1c

    $13,368

  • 11a · Other revenue: OTHER

    total $6,496 · related or exempt $6,496

  • 11e · Other revenue, total

    $6,496

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,000 · program services $14,200 · management and general $56,800

  • 7 · Other salaries and wages

    total $374,272 · program services $74,854 · management and general $299,418

  • 8 · Pension plan contributions

    total $38,454 · program services $7,691 · management and general $30,763

  • 9 · Other employee benefits

    total $47,719 · program services $9,544 · management and general $38,175

  • 10 · Payroll taxes

    total $36,481 · program services $7,296 · management and general $29,185

  • 11b · Fees: legal

    total $24,182 · management and general $24,182

  • 11c · Fees: accounting

    total $17,360 · management and general $17,360

  • 11g · Fees: other

    total $366,316 · program services $361,152 · management and general $5,164

  • 12 · Advertising and promotion

    total $14,684 · management and general $14,684

  • 13 · Office expenses

    total $173,291 · program services $81,683 · management and general $91,608

  • 14 · Information technology

    total $6,007 · program services $6,007

  • 16 · Occupancy

    total $474,625 · program services $474,625

  • 17 · Travel

    total $64,335 · program services $64,335

  • 19 · Conferences, conventions and meetings

    total $5,539 · program services $5,539

  • 20 · Interest

    total $18,635 · management and general $18,635

  • 22 · Depreciation, depletion and amortization

    total $51,037 · program services $51,037

  • 23 · Insurance

    total $8,091 · program services $2,171 · management and general $5,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $287,736 · end of year $132,417

  • 4 · Accounts receivable

    beginning of year $220,772 · end of year $282,657

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,573 · end of year $5,057

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

    $847,991

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

    $177,236

  • 10c · Land, buildings and equipment, net

    beginning of year $489,673 · end of year $670,755

  • 15 · Other assets

    end of year $27,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,615 · end of year $19,352

  • 19 · Deferred revenue

    beginning of year $385,714 · end of year $522,574

  • 23 · Secured mortgages and notes payable

    beginning of year $306,181 · end of year $346,150

  • 27 · Net assets without donor restrictions

    beginning of year $308,244 · end of year $230,792

Mission and programs · 2022

Mission

TO PROVIDE COURSEWORK IN ACCORDANCE TO ASSOCIATION MONTESSORI INTERNATIONAL (AMI) STANDARDS.

  • PROVIDED COURSEWORK IN ACCORDANCE TO AMI STANDARDS.

    Expenses $1,160,134 · Revenue $1,472,813

As filed on the 2022 return.

Listed in Part VII

  • Sherri Sampson

    PRESIDENT

    Total calculated
    $71,000
    From this org
    $71,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Cindy Maschoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Shannon Helfrich

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Davidson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gibson McKay

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Woodward

    MEMBER

    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
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349300801

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