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Nonprofiteer
← HOPE MONTESSORI ACADEMY

Form 990 for tax year 2024

Filed by HOPE MONTESSORI ACADEMY.

Totals

Total revenue
$15,392,809
Total expenses
$14,619,275
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,392,809
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,260,647
Total liabilities, end of year
$2,449,395
Net assets or fund balances, end of year
-$188,748
Program services expenses (Part IX)
$13,949,808
Management and general expenses
$669,467
Fundraising expenses
$0
Program service expenses (Part III)
$13,949,808

Program services were 95.4% 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.

  • 2a · Program service revenue: TUITION AND FEES

    total $15,392,809 · related or exempt $15,392,809

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $507,367 · program services $189,764 · management and general $317,603

  • 7 · Other salaries and wages

    total $8,378,958 · program services $8,186,458 · management and general $192,500

  • 9 · Other employee benefits

    total $798,138 · program services $730,866 · management and general $67,272

  • 10 · Payroll taxes

    total $651,848 · program services $640,223 · management and general $11,625

  • 11a · Fees: management

    total $25,670 · program services $25,670

  • 11b · Fees: legal

    total $131 · program services $131

  • 11g · Fees: other

    total $45,445 · management and general $45,445

  • 12 · Advertising and promotion

    total $117,339 · program services $117,339

  • 13 · Office expenses

    total $645,469 · program services $636,780 · management and general $8,689

  • 16 · Occupancy

    total $1,712,696 · program services $1,712,696

  • 17 · Travel

    total $17,839 · program services $17,839

  • 23 · Insurance

    total $339,127 · program services $339,127

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $495,054 · program services $495,054

  • 24b · Other expenses: DIETARY

    total $411,351 · program services $411,351

  • 24c · Other expenses: COMMUNITY EVENTS

    total $132,330 · program services $132,330

  • 24d · Other expenses: TELEPHONE

    total $102,272 · program services $102,272

  • 24e · All other expenses

    total $238,241 · program services $211,908 · management and general $26,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,351,099 · end of year $1,900,699

  • 4 · Accounts receivable

    beginning of year $14,677 · end of year $271,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,267 · end of year $87,300

  • 15 · Other assets

    beginning of year $1,244 · end of year $1,149

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,394,327 · end of year $2,433,501

  • 19 · Deferred revenue

    beginning of year $43,242 · end of year $15,894

  • 27 · Net assets without donor restrictions

    beginning of year -$962,282 · end of year -$188,748

Mission and programs · 2024

Mission

TO ADMINISTER A HIGHLY RESPECTED MONTESSORI EDUCATION PROGRAM AND DAYCARE WHICH FOCUSES ON AN INDIVIDUALIZED CURRICULUM OF LEARNING, ALLOWING EACH CHILD TO REACH HIS OR HER FULL POTENTIAL.

  • HOPE MONTESSORI CONSISTS OF 8 HIGHLY RESPECTED EDUCATIONAL, CHILDCARE AND RECREATIONAL ENVIRONMENTS THAT NURTURE THE LIVES OF OVER 2,000 CHILDREN FROM 6 WEEKS OLD THROUGH 12 YEARS OF AGE EACH AND EVERY YEAR.

    Expenses $13,949,808 · Revenue $15,392,809

As filed on the 2024 return.

Listed in Part VII

  • NORMAN N DEEBA

    PRESIDENT & CEO

    Total calculated
    $427,490
    From this org
    $390,971
    From related orgs
    $0
    Other
    $36,519
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $325,000
    Bonus
    $50,000
    Other
    $15,971
    Deferred
    $0
    Nontaxable benefits
    $36,519
    Filer's total
    $427,490

  • BRAD LEMASTERS

    TREASURER & CFO

    Total calculated
    $285,489
    From this org
    $0
    From related orgs
    $259,755
    Other
    $25,734
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,000 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $20,755 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,734 related
    Filer's total
    $0 + $285,489 related

  • TIM DOLAN

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $0
    Other
    $2,000
    Hours/week
    2 + 2 related

  • GENEVIEVE BONSALL

    EXECUTIVE DIRECTOR

    Total calculated
    $137,197
    From this org
    $114,975
    From related orgs
    $0
    Other
    $22,222
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202611129349300121

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