PRINCETON MONTESSORI SOCIETY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PRINCETON MONTESSORI SOCIETY (EIN 22-1853399)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-04
- IRS object ID
- 202440959349301404
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-04T14:18:09-04:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205907840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ketcham & Associates LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 202 Mountain Avenue | AddressLine1Txt |
| City | Westfield | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07090 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221853399 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRINCETON MONTESSORI SOCIETY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRIN | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 487 Cherry Valley Road | AddressLine1Txt |
| City | Princeton | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA OBRIAN | PersonNm |
| Person Title | Executive Direc | PersonTitleTxt |
| Phone | 6099244594 | PhoneNum |
| Signature | 2023-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANDREA | PersonFirstNm |
| Person Last | OBRIAN | PersonLastNm |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven Ketcham CPA | PreparerPersonNm |
| PTIN | P01439801 | PTIN |
| Phone | 9082324618 | PhoneNum |
| Preparation | 2024-04-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| OOB Security Verification | 00 | OOBSecurityVerificationCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Andrea OBrian | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 487 Cherry Valley Road | AddressLine1Txt |
| City | Princeton | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,227,057 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PRINCETONMONTESSORI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | Organizations Mission (Page 1, Part I, Line 1 & Page 2, Part III, Line 1): Princeton Montessori Society is dedicated to developing passion and nurturing potential in each child, through the values and principles of the Montessori philosophy. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 102 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $191,309 | PYContributionsGrantsAmt |
| CY Contributions Grants | $117,469 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,592,383 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $9,070,051 | CYProgramServiceRevenueAmt |
| PY Investment Income | $11,896 | PYInvestmentIncomeAmt |
| CY Investment Income | $39,537 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $8,795,588 | PYTotalRevenueAmt |
| CY Total Revenue | $9,227,057 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,594,984 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,438,051 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,475,735 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,040,653 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $39,636 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,427,469 | PYOtherExpensesAmt |
| CY Other Expenses | $2,633,406 | CYOtherExpensesAmt |
| PY Total Expenses | $8,498,188 | PYTotalExpensesAmt |
| CY Total Expenses | $9,112,110 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $297,400 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $114,947 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,329,429 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,307,117 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,072,658 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,929,918 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$743,229 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$622,801 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Organizations Mission (Page 1, Part I, Line 1 & Page 2, Part III, Line 1): Princeton Montessori Society is dedicated to developing passion and nurturing potential in each child, through the values and principles of the Montessori philosophy. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $7,617,654 | ExpenseAmt |
| Grant | $1,438,051 | GrantAmt |
| Revenue | $7,632,000 | RevenueAmt |
| Desc | 2022 Strategic Plan - Education: Ensure all programs offer the highest quality education according to Montessori standards. Ensure Upper School uses 21st century best practices and measures and communicates student outcomes.Outcome: Increased innovation, quality assurance communication, full enrollment, and increased diversity and inclusion. (Continued Schedule O) | Desc |
| Total Program Service Expenses | $7,617,654 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 102 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Betty Chin | PersonNm |
| Phone | 6099244594 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 487 Cherry Valley Road | AddressLine1Txt |
| City | Princeton | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|---|
| Michelle Morrison | ||||||||
| Executive Director | 40.00 | 0.00 | Yes (X) | $155,806 | $0 | $0 | ||
| Andrea OBrian | ||||||||
| Executive Director | 40.00 | 0.00 | $112,407 | $0 | $0 | Yes (X) | Yes (X) | |
| Dale Santos | ||||||||
| Former Director of Finance | 40.00 | 0.00 | Yes (X) | $63,801 | $0 | $0 | ||
| Betty Chin | ||||||||
| Director of Finance | 40.00 | 0.00 | $54,075 | $0 | $0 | Yes (X) | ||
| Caroline Scriven | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| James Chambers | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Chance Van Sciver | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Justin Yi | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Rita Zetterberg | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Kelly Hart | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Rehana Farrell | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Peter Egbert | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Jennifer Ni | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Scott Eckstein | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Sep Kamvar | ||||||||
| Board of Director | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $386,089 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $117,469 | AllOtherContributionsAmt |
| Total Contributions | $117,469 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition revenue | 611710 | $8,814,639 | $8,814,639 |
| Other income | 611710 | $255,412 | $255,412 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,070,051 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,537 | TotalRevenueColumnAmt |
| Exclusion | $39,537 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,227,057 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,070,051 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $39,537 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,438,051 | TotalAmt |
| Program Services | $1,438,051 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,089 | TotalAmt |
| Program Services | $134,106 | ProgramServicesAmt |
| Management And General | $251,983 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,884,594 | TotalAmt |
| Program Services | $3,453,847 | ProgramServicesAmt |
| Management And General | $397,524 | ManagementAndGeneralAmt |
| Fundraising | $33,223 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $479,519 | TotalAmt |
| Program Services | $402,861 | ProgramServicesAmt |
| Management And General | $72,928 | ManagementAndGeneralAmt |
| Fundraising | $3,730 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $290,451 | TotalAmt |
| Program Services | $244,018 | ProgramServicesAmt |
| Management And General | $44,173 | ManagementAndGeneralAmt |
| Fundraising | $2,260 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,228 | TotalAmt |
| Management And General | $25,228 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,070 | TotalAmt |
| Management And General | $30,070 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,753 | TotalAmt |
| Program Services | $432,753 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,784 | TotalAmt |
| Program Services | $40,783 | ProgramServicesAmt |
| Management And General | $1,001 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,503 | TotalAmt |
| Management And General | $19,503 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,431 | TotalAmt |
| Program Services | $143,020 | ProgramServicesAmt |
| Management And General | $6,411 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,925 | TotalAmt |
| Program Services | $64,925 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,038 | TotalAmt |
| Management And General | $242,038 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $543,557 | TotalAmt |
| Program Services | $271,779 | ProgramServicesAmt |
| Management And General | $271,778 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,336 | TotalAmt |
| Program Services | $45,649 | ProgramServicesAmt |
| Management And General | $8,264 | ManagementAndGeneralAmt |
| Fundraising | $423 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Direct educational expenses | $407,528 | $407,528 | |
| Supplies | $30,247 | $30,247 | |
| Telephone | $32,430 | $31,039 | $1,391 |
| Maintenance and repairs | $391,520 | $374,724 | $16,796 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,056 | TotalAmt |
| Program Services | $102,324 | ProgramServicesAmt |
| Management And General | $65,732 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,112,110 | TotalAmt |
| Program Services | $7,617,654 | ProgramServicesAmt |
| Management And General | $1,454,820 | ManagementAndGeneralAmt |
| Fundraising | $39,636 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $447,888 | BOYAmt |
| EOY | $8,071 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,121,298 | BOYAmt |
| EOY | $2,453,144 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,319 | BOYAmt |
| EOY | $27,451 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,662 | BOYAmt |
| EOY | $132,776 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,844,271 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,541,807 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,329,094 | BOYAmt |
| EOY | $5,302,464 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,113 | BOYAmt |
| EOY | $57,859 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,055 | BOYAmt |
| EOY | $325,352 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,329,429 | BOYAmt |
| EOY | $8,307,117 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,407 | BOYAmt |
| EOY | $198,775 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,283,702 | BOYAmt |
| EOY | $2,401,557 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,441,689 | BOYAmt |
| EOY | $6,300,604 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,860 | BOYAmt |
| EOY | $28,982 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,072,658 | BOYAmt |
| EOY | $8,929,918 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$796,229 | BOYAmt |
| EOY | -$622,801 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,000 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$743,229 | BOYAmt |
| EOY | -$622,801 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,329,429 | BOYAmt |
| EOY | $8,307,117 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $114,947 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,481 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 6.00 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 1 | HistoricStrctrEasementsAftrCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $445,781 | OtherCostOrOtherBasisAmt |
| Book Value | $445,781 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,045,502 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,688,341 | DepreciationAmt |
| Book Value | $4,357,161 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $999,576 | OtherCostOrOtherBasisAmt |
| Depreciation | $812,592 | DepreciationAmt |
| Book Value | $186,984 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $353,412 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,874 | DepreciationAmt |
| Book Value | $312,538 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,302,464 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Cash restricted for escrow deposit | $19,222 |
| Deferred finance charges | $306,130 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $325,352 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Lease liability | Desc |
| Amt | $28,982 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $28,982 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,794,487 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,481 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $5,481 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,789,006 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,438,051 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,438,051 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,227,057 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,674,059 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $7,674,059 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,438,051 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,438,051 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,112,110 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Reports conservation easements (Part II, line 9) | The conservation easement is part of the land that is owned by the Princeton Montessori Society. Therefore, the easement is an asset on the balance sheet. |
| Other revenues included on Form 990 (Part XI, line 4b) | Tuition assistance in the amount of $1,438,051. |
| Other expenses included on Form 990 (Part XII, line 4b) | Tuition assistance in the amount of $1,438,051. |
| Footnote for uncertain tax position under FIN 48 (Part X) | Uncertainty in Income Taxes - The Organization is subject to income taxes in the United States and the State of New Jersey on unrelated business income. The Organization has identified and evaluated its significant tax positions for which the statute of limitations remains open and determined there is no material unrecognized benefit or liability to be recorded. The Organizations federal returns are currently open under the statute of limitations for the year ended June 30, 2021 and subsequent years. The Organization does not anticipate that there will be any material changes in the unrecognized tax positions over the next 12 months. There have been no related tax penalties or interest classified as a tax expense in the statement of activities. |
| General Explanation Attachment | Tuition assistance in the amount of $1,438,051. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Tuition assistance for students attending PMS Programs | GrantTypeTxt |
| Recipient | 52 | RecipientCnt |
| Cash Grant | $1,438,051 | CashGrantAmt |
| Valuation Method Used | FMV-comparable fees | ValuationMethodUsedDesc |
| Non Cash Assistance | Tuition assistance | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Monitoring procedures (Part I, line 2) | FormAndLineReferenceDesc |
| Explanation | All families are welcome annually to apply for tuition assistance which is processed through TADS, which is an online tuition and financial aid assessment service. TADS compiles each applicants financial data and, based on their benchmarks, provides recommended tuition amounts for eligible families. The Organization has a committee that oversees and reviews tuition assistance and is comprised of the Head of School, Admissions Director, Development Director and School Registrar. Based on their analysis the committee adjusts TADs tuition assistance recommendations accordingly. After the committees review the school registrar proceeds and informs the families through their written tuition contracts. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|
| Dale Santos | ||
| Former Director of Finance | $63,801 | $63,801 |
| Michelle Morrison | ||
| Executive Director | $155,806 | $155,806 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Board member | PersonNm |
| Relationship With Org | Board member | RelationshipWithOrgTxt |
| Cash Grant | $59,540 | CashGrantAmt |
| Type Of Assistance | Tuition assistance | TypeOfAssistanceTxt |
| Assistance Purpose | Tuition assistance | AssistancePurposeTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 governing body review Part VI line 11 | The 990 form and the related schedules are provided to and reviewed by select members of the board as well as management prior to submittal to the respective tax agencies. |
| Conflict of interest policy compliance Part VI line 12c | All board members as well as key employees and management are required to immediately disclose any relationship that may potentially give rise to a conflict of interest. |
| CEO executive director top management comp Part VI line 15a | Compensation for Head of School is discussed and set by the board of directors and is reviewed per annum. Remainder of senior administration is approved through the budget process which is evaluated and reviewed annually. |
| Other officer or key employee compensation Part VI line 15b | All compensation for key personnel is approved through the budget process by the board of directors which is evaluated and reviewed annually. |
| Governing documents etc available to public Part VI line 19 | The organization makes available its governing documents, conflict of interest policy and other policies and procedures upon request. The financial statements are also made available upon request. The 990 filing and the related schedules are made available upon request and can also be found on Guidestar.com, which is an independent entity that makes available via their website certain nonprofit information including but not limited to the Form 990. |
| General explanation attachment | Continued Form 990, Page 2, Part III, Line 4a:Faculty and Staff - Attract, retain, and develop an outstanding, open-minded, compassionate, and diverse faculty who embody a growth mindset, are committed to our organizational goals, and work in alignment with administration to ensure excellence in education and strong parent relationships.Outcome: Enhanced accountability measures, competitive and transparent compensation, and exceptional staffing.Finance - Strengthen our financial platform to best serve the schools mission, values, and long-term sustainability.Outcome: Sustainable expense model, long-term tuition and retention model, and data-driven action. Internal Community - Ensure parents have a solid understanding and an appreciation of how a Princeton Montessori School education meets and exceeds academic standards while incorporating life skills that serve children as they reach adulthood. Communication models and parent offerings will aid in building community involvement and school appreciation.Outcome: Increased parent knowledge and appreciation for Montessori education, increased parent participation in community events, and effective communication with our external community.External Community - Leverage relationships with outside service organizations to increase educational offerings and create broader community awareness and support of the school. Outcome: Nurture strong alumni relationships, cultivate local relationships, and strengthen Montessori relationships. Campus - Maximize the potential of the schools beautiful grounds and state-of-the-art facilities for student learning purposes. Promote this aspect to seek other revenue sources for the school by engaging mission-friendly organizations across the greater community. Ensure the facilities are maintained and improved upon for long-term sustainability and environmental stewardship.Outcome: Strengthen community relations, maximize our campus, and achieve environmentally-friendly operations. Communication: Effectively convey the attributes and advantages of a Princeton Montessori School education.Outcome: Continue to build a strong reputation, consistent and visible brand awareness, and effective marketing strategies. |
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