Form 990 for tax year 2023
Filed by SWANNANOA VALLEY MONTESSORI SCHOOL.
Totals
- Total revenue
- $553,296
- Total expenses
- $641,454
- Contributions and grants received
- $44,561
- Grants paid
- $0
- Program service revenue
- $506,049
- Investment income
- $0
- Other revenue
- $2,686
- Total assets, end of year
- $321,900
- Total liabilities, end of year
- $74,371
- Net assets or fund balances, end of year
- $247,529
- Program services expenses (Part IX)
- $548,814
- Management and general expenses
- $67,946
- Fundraising expenses
- $24,694
- Program service expenses (Part III)
- $548,814
Program services were 85.6% 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)
$36,697
-
1f · All other contributions, gifts and grants
$7,864
-
2a · Program service revenue: School Year Tuition
total $453,858 · related or exempt $453,858
-
2b · Program service revenue: BeforeAftercare Tuitio
total $21,215 · related or exempt $21,215
-
2c · Program service revenue: Summer Camp
total $20,090 · related or exempt $20,090
-
2d · Program service revenue: Enrollment Fees
total $9,775 · related or exempt $9,775
-
2e · Program service revenue: Tutoring Fees
total $1,111 · related or exempt $1,111
-
11a · Other revenue: Miscellaneous rebates
total $827 · excluded $827
-
11b · Other revenue: Supplies Fees
total $1,859 · related or exempt $1,859
-
11e · Other revenue, total
$2,686
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $70,627 · program services $60,033 · management and general $7,063 · fundraising $3,531
-
7 · Other salaries and wages
total $376,807 · program services $320,286 · management and general $37,680 · fundraising $18,841
-
10 · Payroll taxes
total $35,469 · program services $30,149 · management and general $3,547 · fundraising $1,773
-
11c · Fees: accounting
total $6,103 · management and general $6,103
-
11g · Fees: other
total $1,829 · management and general $1,829
-
12 · Advertising and promotion
total $10,491 · program services $10,383 · management and general $108
-
13 · Office expenses
total $5,212 · program services $1,726 · management and general $3,486
-
14 · Information technology
total $5,392 · program services $1,827 · management and general $3,565
-
16 · Occupancy
total $56,180 · program services $53,571 · management and general $2,609
-
19 · Conferences, conventions and meetings
total $453 · program services $385 · management and general $45 · fundraising $23
-
22 · Depreciation, depletion and amortization
total $8,778 · program services $8,339 · management and general $439
-
23 · Insurance
total $6,018 · program services $5,842 · management and general $176
-
24a · Other expenses: Program SuppliesMaterials
total $25,352 · program services $25,082 · management and general $270
-
24b · Other expenses: Program Subcontract Personne
total $26,478 · program services $26,478
-
24c · Other expenses: Summer Camp Expenses
total $1,392 · program services $1,392
-
24d · Other expenses: Personnel Costs
total $1,456 · program services $1,160 · management and general $296
-
24e · All other expenses
total $3,417 · program services $2,161 · management and general $730 · fundraising $526
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $328,120 · end of year $243,792
-
4 · Accounts receivable
beginning of year $1,967 · end of year $3,805
-
10a · Land, buildings and equipment: cost or other basis
$105,803
-
10b · Land, buildings and equipment: accumulated depreciation
$31,500
-
10c · Land, buildings and equipment, net
beginning of year $73,625 · end of year $74,303
-
17 · Accounts payable and accrued expenses
beginning of year $12,023 · end of year $1,900
-
19 · Deferred revenue
beginning of year $56,002 · end of year $72,471
-
27 · Net assets without donor restrictions
beginning of year $335,687 · end of year $247,529
Mission and programs · 2023
Mission
With an accomplished team of caring and dedicated Montessori educators, our mission is guiding preschool-3rd grade students to academic achievement, forstering a love of learning, building character, and instilling the importance of contributing to the community.
-
Providing education in a safe and nuturing environment for children preschool to 6rd grade using the Montessori method of learning. Our vision is to sustain a diverse, mindful and authentic Montessori Educational community. We help children become self-motivated, independent individuals who respect themselves and the world in which we live. We have three Childrens House preschool classrooms increasing our current enrollment capacity to 60 students. Our Elementary program serves up to 12 children from grades 1-6. Approximately 81% of our elementary students receive scholarship assistance from the State of North Carolina through either ESA+ Grant or the Opportunity Scholarship programs. When possible, we provide financial aid to our Childrens House students when a family needs assistance. Our goal is to be able to participate in the countys child care subsidy program in the next year to help support families with a greater financial need.
Expenses $548,814 · Revenue $506,049
As filed on the 2023 return.
Listed in Part VII
-
Erin Van Note
Vice President Executive Di
- Total calculated
- $68,692
- From this org
- $68,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Sarah Happel
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
John Apel
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Shelly Jarrad
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Autumn Wheeler
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Tyler Gagnon
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Bertica Spencer
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Matt Brock
President
- Total calculated
- $0
- Hours/week
- 0
-
Jessica Lyons
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Tara Granke
Secretary
- Total calculated
- $0
- Hours/week
- 0
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
- 2023
- Filed
- 15 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402689349301220
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