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← SOUTHWEST INSTITUTE OF MONTESSORI STUDIES

Form 990 for tax year 2023

Filed by SOUTHWEST INSTITUTE OF MONTESSORI STUDIES.

Totals

Total revenue
$1,045,095
Total expenses
$1,335,392
Contributions and grants received
$46,619
Grants paid
$0
Program service revenue
$989,792
Investment income
$51
Other revenue
$8,633
Total assets, end of year
$669,116
Total liabilities, end of year
$728,621
Net assets or fund balances, end of year
-$59,505
Program services expenses (Part IX)
$798,524
Management and general expenses
$536,868
Fundraising expenses
$0
Program service expenses (Part III)
$798,524

Program services were 59.8% 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

    $4,619

  • 1f · All other contributions, gifts and grants

    $42,000

  • 2a · Program service revenue: TUITION

    total $989,792 · related or exempt $989,792

  • 3 · Investment income

    total $51 · excluded $51

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

    $4,619

  • 11a · Other revenue: WORKSHOPS

    total $6,750 · related or exempt $6,750

  • 11b · Other revenue: OTHER

    total $1,883 · related or exempt $1,883

  • 11e · Other revenue, total

    $8,633

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 $344,993 · program services $68,999 · management and general $275,994

  • 8 · Pension plan contributions

    total $51,625 · program services $41,300 · management and general $10,325

  • 9 · Other employee benefits

    total $51,657 · program services $10,333 · management and general $41,324

  • 10 · Payroll taxes

    total $34,121 · program services $6,824 · management and general $27,297

  • 11c · Fees: accounting

    total $18,610 · management and general $18,610

  • 11g · Fees: other

    total $205,291 · program services $200,142 · management and general $5,149

  • 12 · Advertising and promotion

    total $11,422 · management and general $11,422

  • 13 · Office expenses

    total $105,610 · program services $31,238 · management and general $74,372

  • 14 · Information technology

    total $1,399 · program services $1,399

  • 16 · Occupancy

    total $319,811 · program services $319,811

  • 17 · Travel

    total $29,650 · program services $29,650

  • 19 · Conferences, conventions and meetings

    total $2,011 · program services $2,011

  • 20 · Interest

    total $9,784 · management and general $9,784

  • 22 · Depreciation, depletion and amortization

    total $70,858 · program services $70,858

  • 23 · Insurance

    total $7,550 · program services $1,759 · management and general $5,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,417 · end of year $67,001

  • 4 · Accounts receivable

    beginning of year $282,657 · end of year $80,710

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,057 · end of year $32,285

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

    $709,232

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

    $248,094

  • 10c · Land, buildings and equipment, net

    beginning of year $670,755 · end of year $461,138

  • 15 · Other assets

    beginning of year $27,982 · end of year $27,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,352 · end of year $19,182

  • 19 · Deferred revenue

    beginning of year $522,574 · end of year $439,058

  • 22 · Loans and payables to officers and key people

    end of year $194,483

  • 23 · Secured mortgages and notes payable

    beginning of year $346,150 · end of year $75,898

  • 27 · Net assets without donor restrictions

    beginning of year $230,792 · end of year -$59,505

Mission and programs · 2023

Mission

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

  • PROVIDED COURSEWORK IN ACCORDANCE TO AMI STANDARDS.

    Expenses $798,524 · Revenue $998,425

As filed on the 2023 return.

Listed in Part VII

  • Sherri Sampson

    PRESIDENT

    Total calculated
    $73,130
    From this org
    $71,000
    From related orgs
    $0
    Other
    $2,130
    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.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349310889

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