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Nonprofiteer
← SWANNANOA VALLEY MONTESSORI SCHOOL

Form 990 for tax year 2022

Filed by SWANNANOA VALLEY MONTESSORI SCHOOL.

Totals

Total revenue
$576,054
Total expenses
$556,593
Contributions and grants received
$58,219
Grants paid
$0
Program service revenue
$515,699
Investment income
$0
Other revenue
$2,136
Total assets, end of year
$403,712
Total liabilities, end of year
$68,025
Net assets or fund balances, end of year
$335,687
Program services expenses (Part IX)
$472,130
Management and general expenses
$60,270
Fundraising expenses
$24,193
Program service expenses (Part III)
$472,130

Program services were 84.8% 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

    $1,442

  • 1e · Government grants (contributions)

    $45,339

  • 1f · All other contributions, gifts and grants

    $11,438

  • 2a · Program service revenue: School Year Tuition

    total $445,368 · related or exempt $445,368

  • 2b · Program service revenue: BeforeAftercare Tuitio

    total $31,720 · related or exempt $31,720

  • 2c · Program service revenue: Summer Camp

    total $26,078 · related or exempt $26,078

  • 2d · Program service revenue: Enrollment Fees

    total $10,408 · related or exempt $10,408

  • 2e · Program service revenue: Tutoring Fees

    total $2,125 · related or exempt $2,125

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

    $1,442

  • 11a · Other revenue: Supplies Fees

    total $2,136 · related or exempt $2,136

  • 11e · Other revenue, total

    $2,136

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $66,739 · program services $56,728 · management and general $6,674 · fundraising $3,337

  • 7 · Other salaries and wages

    total $316,678 · program services $269,176 · management and general $31,668 · fundraising $15,834

  • 10 · Payroll taxes

    total $28,044 · program services $23,838 · management and general $2,804 · fundraising $1,402

  • 11c · Fees: accounting

    total $5,948 · management and general $5,948

  • 11g · Fees: other

    total $1,740 · management and general $1,740

  • 12 · Advertising and promotion

    total $8,360 · program services $8,056 · management and general $304

  • 13 · Office expenses

    total $6,012 · program services $2,009 · management and general $4,003

  • 14 · Information technology

    total $4,750 · program services $1,758 · management and general $2,992

  • 16 · Occupancy

    total $59,865 · program services $57,156 · management and general $2,709

  • 19 · Conferences, conventions and meetings

    total $1,721 · program services $1,463 · management and general $172 · fundraising $86

  • 22 · Depreciation, depletion and amortization

    total $7,359 · program services $6,991 · management and general $368

  • 23 · Insurance

    total $4,828 · program services $4,610 · management and general $218

  • 24a · Other expenses: Program SuppliesMaterials

    total $16,764 · program services $16,764

  • 24b · Other expenses: Summer Camp Expenses

    total $19,359 · program services $19,359

  • 24c · Other expenses: Dues and Licenses

    total $2,342 · program services $2,342

  • 24d · Other expenses: Personnel Costs

    total $2,396 · program services $1,880 · management and general $516

  • 24e · All other expenses

    total $3,688 · management and general $154 · fundraising $3,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $348,132 · end of year $328,120

  • 4 · Accounts receivable

    beginning of year $397 · end of year $1,967

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

    $96,347

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

    $22,722

  • 10c · Land, buildings and equipment, net

    beginning of year $30,407 · end of year $73,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,374 · end of year $12,023

  • 19 · Deferred revenue

    beginning of year $57,336 · end of year $56,002

  • 27 · Net assets without donor restrictions

    beginning of year $316,226 · end of year $335,687

Mission and programs · 2022

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 3rd grade using the Montessori method of learning. Our vision is to sustain a diverse, mindful and authenthic 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 1-3. Approximately 80% 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 $472,130 · Revenue $515,699

As filed on the 2022 return.

Listed in Part VII

  • Erin Van Note

    Vice President Executive Di

    Total calculated
    $66,225
    From this org
    $66,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Tara Granke

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Kate Lasher

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Bertica Spencer

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Philip Joe Marcus

    President

    Total calculated
    $0
    Hours/week
    0

  • Jessica Lyons

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Matthew Brock

    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
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202313329349300401

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