Form 990 for tax year 2022
Filed by HAMILTON PARK MONTESSORI SCHOOL A NEW JERSEY NON PROFIT CORPORATION.
Totals
- Total revenue
- $7,144,815
- Total expenses
- $6,969,272
- Contributions and grants received
- $221,201
- Grants paid
- $0
- Program service revenue
- $6,812,624
- Investment income
- $29,678
- Other revenue
- $81,312
- Total assets, end of year
- $19,919,223
- Total liabilities, end of year
- $18,578,286
- Net assets or fund balances, end of year
- $1,340,937
- Program services expenses (Part IX)
- $5,969,693
- Management and general expenses
- $950,380
- Fundraising expenses
- $49,199
- Program service expenses (Part III)
- $5,969,693
Program services were 85.7% 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)
$44,953
-
1f · All other contributions, gifts and grants
$176,248
-
2a · Program service revenue: EXTRACURRICULARS
total $214,778 · related or exempt $214,778
-
2b · Program service revenue: TUITION
total $6,597,846 · related or exempt $6,597,846
-
3 · Investment income
total $29,678 · related or exempt $29,678
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ERC INTEREST INCOME
total $43,912 · related or exempt $43,912
-
11b · Other revenue: SUBLEASE RENTAL INCOME
total $37,400 · related or exempt $37,400
-
11e · Other revenue, total
$81,312
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $200,000 · management and general $200,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,356,811 · program services $3,141,850 · management and general $195,201 · fundraising $19,760
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $664,943 · program services $587,366 · management and general $73,883 · fundraising $3,694
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $4,979 · program services $401 · fundraising $4,578
-
13 · Office expenses
total $54,096 · management and general $54,096
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $78,646 · program services $69,908 · management and general $8,738
-
23 · Insurance
total $0
-
24a · Other expenses: LEASE EXPENSE
total $1,844,266 · program services $1,639,348 · management and general $204,918
-
24b · Other expenses: PROFESSIONAL FEES
total $138,001 · management and general $138,001
-
24c · Other expenses: CLASSROOM AND LEARNING
total $132,870 · program services $111,703 · fundraising $21,167
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $118,728 · program services $118,728
-
24e · All other expenses
total $375,932 · program services $300,389 · management and general $75,543
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,161,811 · end of year $5,402,765
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,000 · end of year $2,052
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,122,887 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $63,887 · end of year $120,660
-
10a · Land, buildings and equipment: cost or other basis
$2,018,571
-
10b · Land, buildings and equipment: accumulated depreciation
$251,642
-
10c · Land, buildings and equipment, net
beginning of year $1,748,563 · end of year $1,766,929
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $546,380 · end of year $12,626,817
-
17 · Accounts payable and accrued expenses
beginning of year $66,525 · end of year $87,572
-
19 · Deferred revenue
beginning of year $3,277,880 · end of year $3,552,936
-
22 · Loans and payables to officers and key people
beginning of year $2,135,729 · end of year $2,120,820
-
23 · Secured mortgages and notes payable
end of year $12,339,093
-
25 · Other liabilities
end of year $477,865
-
27 · Net assets without donor restrictions
beginning of year $1,143,326 · end of year $1,291,773
-
28 · Net assets with donor restrictions
beginning of year $22,068 · end of year $49,164
Mission and programs · 2022
Mission
The corporation has been organized exclusively for charitable, andeducational purposes within the meaning of Section 501(c)(3) of theInternal Revenue Code. More specifically, the purpose for which thecorporation is organized is to educate children from infancy through eighthgrade, following the vision of Maria Montessori, who was thrice nominatedfor the Nobel Peace Prize for her advocacy of children and her work towardworld peace. Built on Montessori's values and her scientific observation ofthe nature of learning, HPMS' curriculum lays a sound foundation inmathematics, language, geography, science and social science, creativearts, physical movement, sensory learning and practical living. AsMontessorians, we believe this strong foundation is the key to academicsuccess, personal growth and global awareness.
-
To educate children from infancy through eighth grade, following the visionof Maria Montessori. HPMS' curriculum lays a sound foundation inmathematics, language, geography, science and social science, creativearts, physical movement, sensory learning and practical living. AsMontessorians, we believe this strong foundation is the key to academicsuccess, personal growth and global awareness.
Expenses $5,969,693
As filed on the 2022 return.
Listed in Part VII
-
Alexa HuxelALEXA HUXEL
EX OFFICIO
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Samantha C TriceSAMANTHA C TRICE
President
- Total calculated
- $50,000
- From this org
- $50,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Wendie MarshWENDIE MARSH
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Susan TriceSUSAN TRICE
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Peggy Popp-MurphyPEGGY POPP-MURPHY
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer ZogaJENNIFER ZOGA
Treasurer
- 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
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420899349301412
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