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Nonprofiteer
← HOPE MONTESSORI ACADEMY

Form 990 for tax year 2022

Filed by HOPE MONTESSORI ACADEMY.

Totals

Total revenue
$12,683,779
Total expenses
$12,865,205
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,683,779
Investment income
$0
Other revenue
$0
Total assets, end of year
$730,159
Total liabilities, end of year
$1,805,622
Net assets or fund balances, end of year
-$1,075,463
Program services expenses (Part IX)
$12,306,352
Management and general expenses
$558,853
Fundraising expenses
$0
Program service expenses (Part III)
$12,306,352

Program services were 95.7% 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.

  • 2a · Program service revenue: TUITION AND FEES

    total $12,683,779 · related or exempt $12,683,779

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $542,881 · program services $238,711 · management and general $304,170

  • 7 · Other salaries and wages

    total $7,224,038 · program services $7,073,277 · management and general $150,761

  • 9 · Other employee benefits

    total $551,052 · program services $520,856 · management and general $30,196

  • 10 · Payroll taxes

    total $583,978 · program services $556,525 · management and general $27,453

  • 11a · Fees: management

    total $29,490 · program services $29,490

  • 11b · Fees: legal

    total $1,714 · program services $1,714

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 12 · Advertising and promotion

    total $58,917 · program services $58,917

  • 13 · Office expenses

    total $559,610 · program services $550,871 · management and general $8,739

  • 16 · Occupancy

    total $1,722,380 · program services $1,722,380

  • 17 · Travel

    total $21,556 · program services $21,556

  • 23 · Insurance

    total $242,676 · program services $242,676

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $611,626 · program services $611,626

  • 24b · Other expenses: DIETARY

    total $383,827 · program services $383,827

  • 24c · Other expenses: TELEPHONE

    total $115,751 · program services $115,751

  • 24d · Other expenses: COMMUNITY EVENTS

    total $105,835 · program services $105,835

  • 24e · All other expenses

    total $109,124 · program services $72,340 · management and general $36,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $766,904 · end of year $651,453

  • 4 · Accounts receivable

    beginning of year $12,443 · end of year $6,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,750 · end of year $66,750

  • 15 · Other assets

    beginning of year $600 · end of year $5,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,653,542 · end of year $1,739,966

  • 19 · Deferred revenue

    beginning of year $78,192 · end of year $65,656

  • 27 · Net assets without donor restrictions

    beginning of year -$894,037 · end of year -$1,075,463

Mission and programs · 2022

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 $12,306,352 · Revenue $12,683,779

As filed on the 2022 return.

Listed in Part VII

  • Norman N Deeba

    PRESIDENT & CEO

    Total calculated
    $416,191
    From this org
    $392,374
    From related orgs
    $0
    Other
    $23,817
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $325,000
    Bonus
    $50,000
    Other
    $17,374
    Deferred
    $0
    Nontaxable benefits
    $23,817
    Filer's total
    $416,191

  • Brad Lemasters

    TREASURER & CFO

    Total calculated
    $274,149
    From this org
    $0
    From related orgs
    $248,787
    Other
    $25,362
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,837 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $17,950 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,362 related
    Filer's total
    $0 + $274,149 related

  • Tim Dolan

    DIRECTOR

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

  • Carrie Oleson

    EXECUTIVE DIRECTOR

    Total calculated
    $126,748
    From this org
    $119,708
    From related orgs
    $0
    Other
    $7,040
    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
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202440549349300609

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