Form 990 for tax year 2023
Filed by VIRGIN ISLANDS MONTESSORI SCHOOL INC.
Totals
- Total revenue
- $7,088,952
- Total expenses
- $5,316,665
- Contributions and grants received
- $975,500
- Grants paid
- $0
- Program service revenue
- $4,107,781
- Investment income
- $1,910,812
- Other revenue
- $94,859
- Total assets, end of year
- $11,731,927
- Total liabilities, end of year
- $3,984,785
- Net assets or fund balances, end of year
- $7,747,142
- Program services expenses (Part IX)
- $4,148,743
- Management and general expenses
- $1,152,922
- Fundraising expenses
- $15,000
- Program service expenses (Part III)
- $4,148,743
Program services were 78.0% 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
$111,250
-
1e · Government grants (contributions)
$775,733
-
1f · All other contributions, gifts and grants
$88,517
-
1g · Noncash contributions included above
$2,500
-
2a · Program service revenue: TUITION
total $3,756,567 · related or exempt $3,756,567
-
2b · Program service revenue: AUXILIARY FEES
total $155,040 · related or exempt $155,040
-
2c · Program service revenue: OTHER
total $196,174 · related or exempt $196,174
-
3 · Investment income
total $1,910,812 · excluded $1,910,812
-
6a · Gross rents
real property $36,824
-
6c · Rental income or loss
real property $36,824
-
6d · Net rental income or loss
total $36,824 · excluded $36,824
-
8a · Fundraising events: gross income
$169,716
-
8a · Fundraising events: contributions included on line 1c
$111,250
-
8b · Fundraising events: direct expenses
$111,681
-
8c · Net income from fundraising events
total $58,035
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 $150,000 · management and general $135,000 · fundraising $15,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,017,312 · program services $2,564,715 · management and general $452,597
-
8 · Pension plan contributions
total $9,100 · program services $7,735 · management and general $1,365
-
9 · Other employee benefits
total $349,769 · program services $297,304 · management and general $52,465
-
10 · Payroll taxes
total $203,528 · program services $172,999 · management and general $30,529
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,850 · management and general $7,850
-
11c · Fees: accounting
total $5,270 · management and general $5,270
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $285,624 · program services $81,509 · management and general $204,115
-
12 · Advertising and promotion
total $2,083 · program services $2,083
-
13 · Office expenses
total $8,556 · management and general $8,556
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $314,791 · program services $283,312 · management and general $31,479
-
17 · Travel
total $1,800 · management and general $1,800
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $105,853 · management and general $105,853
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $217,116 · program services $195,404 · management and general $21,712
-
23 · Insurance
total $91,414 · program services $82,272 · management and general $9,142
-
24a · Other expenses: Textbooks and supplies
total $108,048 · program services $103,023 · management and general $5,025
-
24b · Other expenses: Dues and subscriptions
total $90,317 · program services $82,550 · management and general $7,767
-
24c · Other expenses: Special curriculum
total $86,009 · program services $86,009
-
24d · Other expenses: Bad debts
total $55,371 · program services $55,371
-
24e · All other expenses
total $206,854 · program services $134,457 · management and general $72,397
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $164,246 · end of year $121,045
-
4 · Accounts receivable
beginning of year $224,980 · end of year $130,346
-
9 · Prepaid expenses and deferred charges
beginning of year $32,862
-
10a · Land, buildings and equipment: cost or other basis
$7,808,107
-
10b · Land, buildings and equipment: accumulated depreciation
$3,068,230
-
10c · Land, buildings and equipment, net
beginning of year $4,735,462 · end of year $4,739,877
-
11 · Investments: publicly traded securities
beginning of year $5,203,068 · end of year $6,740,659
-
15 · Other assets
beginning of year $2,932
-
17 · Accounts payable and accrued expenses
beginning of year $781,854 · end of year $476,829
-
19 · Deferred revenue
end of year $77,763
-
23 · Secured mortgages and notes payable
beginning of year $2,693,804 · end of year $3,209,857
-
25 · Other liabilities
beginning of year $913,037 · end of year $220,336
-
27 · Net assets without donor restrictions
beginning of year $1,374,036 · end of year $1,230,566
-
28 · Net assets with donor restrictions
beginning of year $4,600,819 · end of year $6,516,576
Mission and programs · 2023
Mission
The Virgin Islands Montessori School and Peter Gruber International Academy is committed to providing an Education for Life, consisten with Montessor principles, reflecting the richness of our diverse culture, and upholding international college preparatory standards.
Activities or mission (Part I)
The School is committed to providing an Education for Life, consistent with Montessori principles, reflecting the richness of our culture and upholding international college preparatory standards.
-
The school provided high quality K-12 education offering globally acclaimed Montessori and International Baccalaureate programs to 281 students.
Expenses $4,148,743 · Revenue $4,107,781
As filed on the 2023 return.
Listed in Part VII
-
Kevin McCleanKEVIN MCCLEAN
HEAD OF SCHOOL
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brad KappelBRAD KAPPEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kevin LikensKEVIN LIKENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jeff PicketJEFF PICKET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Enrique RodriguezENRIQUE RODRIGUEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Greg FergusonGREG FERGUSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Michael HoltMICHAEL HOLT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ehren HendersonEHREN HENDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lisa AcquiLISA ACQUI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stephen BroomesSTEPHEN BROOMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Steve TulkSTEVE TULK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Brunt IVTHOMAS BRUNT IV
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie AnasettiBONNIE ANASETTI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Darien Torrice-HairstonDARIEN TORRICE-HAIRSTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349304457
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