Skip to content
Nonprofiteer
← PARENTS FOR MONTESSORI EDUCATION INC

Form 990 for tax year 2024

Filed by PARENTS FOR MONTESSORI EDUCATION INC.

Totals

Total revenue
$2,679,925
Total expenses
$2,760,119
Contributions and grants received
$68,719
Grants paid
$0
Program service revenue
$2,358,099
Investment income
$225,148
Other revenue
$27,959
Total assets, end of year
$9,009,332
Total liabilities, end of year
$2,654,955
Net assets or fund balances, end of year
$6,354,377
Program services expenses (Part IX)
$2,093,657
Management and general expenses
$666,327
Fundraising expenses
$135
Program service expenses (Part III)
$2,093,657

Program services were 75.9% 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.

  • 1b · Membership dues

    $5,995

  • 1e · Government grants (contributions)

    $30,831

  • 1f · All other contributions, gifts and grants

    $31,893

  • 2a · Program service revenue: TUITION

    total $2,358,099 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $146,781 · unrelated business $0 · excluded $146,781

  • 7a · Gross sales of assets other than inventory

    securities $1,260,677

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

    securities $1,182,310

  • 7c · Gain or loss

    securities $78,367

  • 7d · Net gain or loss

    total $78,367 · related or exempt $0 · unrelated business $0 · excluded $78,367

  • 11a · Other revenue: OTHER INCOME

    total $27,959 · related or exempt $27,959 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $27,959

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $197,532 · program services $152,100 · management and general $45,432 · fundraising $0

  • 7 · Other salaries and wages

    total $1,555,851 · program services $1,198,005 · management and general $357,846 · fundraising $0

  • 8 · Pension plan contributions

    total $28,880 · program services $22,238 · management and general $6,642 · fundraising $0

  • 9 · Other employee benefits

    total $153,271 · program services $118,018 · management and general $35,253 · fundraising $0

  • 10 · Payroll taxes

    total $133,169 · program services $102,540 · management and general $30,629 · fundraising $0

  • 11b · Fees: legal

    total $39,568 · program services $19,784 · management and general $19,784 · fundraising $0

  • 11c · Fees: accounting

    total $8,834 · program services $0 · management and general $8,834 · fundraising $0

  • 11f · Fees: investment management

    total $18,330 · program services $0 · management and general $18,330 · fundraising $0

  • 12 · Advertising and promotion

    total $4,550 · program services $0 · management and general $4,550 · fundraising $0

  • 13 · Office expenses

    total $9,986 · program services $6,171 · management and general $3,815 · fundraising $0

  • 14 · Information technology

    total $59,637 · program services $39,360 · management and general $20,277 · fundraising $0

  • 16 · Occupancy

    total $29,171 · program services $24,795 · management and general $4,376 · fundraising $0

  • 20 · Interest

    total $410 · program services $390 · management and general $20 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $116,843 · program services $111,001 · management and general $5,842 · fundraising $0

  • 23 · Insurance

    total $30,432 · program services $15,216 · management and general $15,216 · fundraising $0

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $103,458 · program services $98,285 · management and general $5,173 · fundraising $0

  • 24b · Other expenses: CUSTODIAL

    total $82,315 · program services $78,199 · management and general $4,116 · fundraising $0

  • 24c · Other expenses: EMPLOYEE RECRUITMENT

    total $35,401 · program services $0 · management and general $35,401 · fundraising $0

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $34,506 · program services $0 · management and general $34,506 · fundraising $0

  • 24e · All other expenses

    total $117,975 · program services $107,555 · management and general $10,285 · fundraising $135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,150 · end of year $71,370

  • 2 · Savings and temporary cash investments

    beginning of year $3,131,615 · end of year $3,355,952

  • 4 · Accounts receivable

    beginning of year $1,431,413 · end of year $1,320,922

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,734 · end of year $34,131

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

    $4,177,332

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

    $2,179,912

  • 10c · Land, buildings and equipment, net

    beginning of year $2,388,820 · end of year $1,997,420

  • 11 · Investments: publicly traded securities

    beginning of year $1,992,142 · end of year $2,018,261

  • 15 · Other assets

    beginning of year $4,489 · end of year $211,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,767 · end of year $370,886

  • 19 · Deferred revenue

    beginning of year $2,154,562 · end of year $2,179,269

  • 25 · Other liabilities

    beginning of year $109,250 · end of year $104,800

  • 27 · Net assets without donor restrictions

    beginning of year $6,789,784 · end of year $6,354,377

  • 28 · Net assets with donor restrictions

    beginning of year $16,000 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE A MONTESSORI EDUCATION, GUIDED BY ASSOCIATION MONTESSORI INTERNATIONALE (AMI) PRINCIPLES, THAT FOSTERS THE INTELLECTUAL CURIOUSITY AND CREATIVITY OF THEIR STUDENTS.

  • THE MAJOR ACCOMPLISHMENT OF THE SCHOOL IS PROVIDING MONTESSORI EDUCATION TO APPROXIMATELY 160 STUDENTS FROM PRESCHOOL TO SIXTH GRADE.

    Expenses $2,093,657 · Revenue $2,358,099

As filed on the 2024 return.

Listed in Part VII

  • Katherine Sage

    EDUCATION DIRECTOR

    Total calculated
    $101,846
    From this org
    $99,914
    From related orgs
    $0
    Other
    $1,932
    Hours/week
    40

  • Megan Hubbard

    PART-YEAR HEAD OF SCHOOL

    Total calculated
    $0
    Hours/week
    40

  • Caitlin Hannon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bridget Faherty

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Fasano

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Garner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kelly Boehringer

    PERSONNEL DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Schaivo

    DEVELOPMENT CHAIR

    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
2024
Filed
18 November 2025
IRS schema version
2024v5.2
Source object
202503229349302410

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

The source document this was parsed from is served over the API, which is where bulk and document access live.