2019-07-03T12:06:19-04:00 2018-08-31 205907840 Ketcham & Associates LLC 202 Mountain Avenue Westfield NJ 07090 990 2017-09-01 221853399 PRINCETON MONTESSORI SOCIETY PRIN 487 Cherry Valley Road Princeton NJ 08540 Lee Gardner Chairperson 6099244594 2019-01-15 true Steven Ketcham CPA P01439801 9082324618 2019-07-03 74.71.3.81 2019-07-03 12:07:36 2026102019184s5zqksb 2019-07-03 P CE2C7FD7F7F31DEE56E0CE49F8C77AE5E7C5B8D1 CE2C7FD7F7F31DEE56E0CE49F8C77AE5E7C5B8D1 2017 2020-03-31 21:24:44Z Dale Santos 487 Cherry Valley Road Princeton NJ 08540 7491009 false X WWW.PRINCETONMONTESSORI.ORG X 1968 NJ 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. (Continued Schedule O) 8 8 76 35 0 0 156950 136161 6907620 7339577 1132 1760 10126 9541 7075828 7487039 1438300 1216856 0 3886263 4083773 0 10008 1993014 2145673 7317577 7446302 -241749 40737 9372990 9138866 10823039 10146150 -1450049 -1007284 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. (Continued Schedule O) false false 5770194 7491009 The Organization is an independent school that offers progressive, scientifically-supportededucational programs for children from eight weeks of age through eighth grade. These programs consist of multi-age groupings where children enjoy a prepared environment that optimizes personalized learning,allows for peer learning, and emphasizes hands-on and applied experiences that lead tomastery of both academic knowledge and real world skills that will serve them intoadulthood. These prepared learning environments are supported by highly traineddevelopmental specialists who are educational guides, supporting the holistic development ofthe children they serve. In this way, we are able to meet our mission for each child. 109313 In 2018, Princeton Montessori School proudly received authorization for the Middle years Programme asan International Baccalaureate (IB) World School at the MYP level. A new committee was formed toplan faculty professional development, intended to increase faculty attendance at professionaldevelopment opportunities throughout the year. An improved employee growth and development plan(GDP) system was implemented to align faculty and staff performance with organizational goals. A newinternet network was installed providing secure and uninterrupted service throughout the building toincrease bandwidth, network speed and support technology needs in the classroom. Finally, the Schoolinstituted a print program by installing several state of the art copiers/printers throughout the school tosupport teachers in creating better teaching materials. 50000 For the 2017-18 academic year, the school had the highest enrollment of the past four years. This was adirect result of leaderships focus on developing a contemporary independent school admissions teammodel, forming and benefiting from a Retention Committee, improving our marketing and branding, andmost importantly, investing in quality improvements within each program. In making strides towardhelping parents better understand the value of a quality Montessori education, we createdprogram-specific videos, restructured our Back to School Night format to allow hands on interaction withmaterials and teacher described purpose of curriculum. The school has improved its promotion of key and unique happenings and traditions, such as our middle school trip to Spain and involvement withMontessori Model United Nations, which will also benefit retention. 19234 In 2017, Princeton Montessori School was reaccredited, and continues to maintain the highest level ofaccreditation granted by the American Montessori Society (AMS). The school increased the offerings toteachers for professional growth and development through workshop and conference opportunities. Theschool improved its hiring procedures and candidate vetting process, resulting in hiring the best andbrightest candidates. The school has also improved its onboarding and orientation process for newhires. 15000 During the summer of 2018, the school funded curriculum projects for Upper School (grades 1-8)intended to meet curriculum transparency and improvement goals. In 2017, Princeton MontessoriSchool partnered with Dr. Noble and Associates to provide psychoeducational support to teachers,parents and students. We also initiated annual reading screenings, conducted three times a year forgrades k-5, which allows the school to offer early interventions for at risk readers. We also initiated theuse of a Wilson-based reading curriculum, called Fundations, for use in Elementary and Primaryprograms. Finally, an expert high school placement professional was hired to work with middle schoolstudents and parents in the transition from our Middle School Program to area high schools. 11895 In 2017-18, for the first time ever, a faculty salary guide was shared with the teaching staff, allowing ourfaculty compensation model to be transparent. Minimum salaries for all faculty positions were increasedfrom the previous year beyond the annual salary increase percentage.In addition, employee benefitpackages were improved through increased society contributions with a commitment to continue to buildto a market competitive level. For the first time ever, all faculty and staff received a modest bonus at theend of the 2017-18 fiscal year. 8735 Several new faculty members were hired, after completing their internship here, who meet our highstandards of professionalism and competency. In the fall of 2018, during the all-faculty meeting, theprofessional qualities of a teacher were explained and expectations were set forth to all faculty and stafffor the upcoming year and then incorporated into individual and team goals for the year. Increasededucational leadership and oversight of programs through direct observation and feedback has beenimplemented by HOS and Director of Education. 5000 A Diversity & Inclusion committee was established and now meets regularly to examine ways in whichthe school can better serve the diverse needs of its families and staff and ensure an inclusiveenvironment for all, ending in a report of recomendation to the HOS. Parents, faculty, and staff areinvited to serve on the committee. We also added books to Primary & Elementary libraries that meetdiversity and inclusion goals. Moving forward, the school is considering different events that celebratediversity and respect families of all kinds. A professional development session for faculty is planned forfall of 2019 on how to establish a class environment that is actively inclusive. 59864 5989371 true true false false false false true false false false true false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 29 0 true 76 true false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false NJ X Dale Santos 6099244594 487 Cherry Valley Road Princeton NJ 08540 Peter Egbert Board of Director 2.00 0.00 X 0 0 0 Maeve Egner Board of Director 2.00 0.00 X 0 0 0 Lee Gardner Board of Director 2.00 0.00 X 0 0 0 Stan Kang Board of Director 2.00 0.00 X 0 0 0 Ugur Koyluoglu Board of Director 2.00 0.00 X 0 0 0 Sunanda Nair-Bidkar Board of Director 2.00 0.00 X 0 0 0 Jennifer Ni Board of Director 2.00 0.00 X 0 0 0 Rita Zetterberg Board of Director 2.00 0.00 X 0 0 0 Dale Santos Director of Finance 40.00 0.00 X 99189 0 0 Michelle Morrison Executive Director 40.00 0.00 X 129607 0 0 228796 0 0 1 false false false 136161 136161 Tuition revenue 611710 7047999 7047999 Other income 611710 291578 291578 7339577 1760 1760 13511 3970 9541 9541 7487039 7339577 0 11301 1216856 1216856 228796 64803 163993 2964257 2532276 431981 659415 536337 123078 231305 188133 43172 18000 18000 126545 87168 29369 10008 49775 49775 19700 19700 157340 157340 34639 34639 30317 30317 293657 293657 578472 289236 289236 127327 127327 Direct educational expenses 343050 343050 Supplies 43694 43694 Telephone 15888 15888 Maintenance and repairs 189294 189294 117975 83238 34737 7446302 5989371 1446923 10008 1755699 48885 113520 2126438 10000 128331 31654 367598 345275 14654520 8138965 6899234 6515555 62013 62964 36595 8095 9372990 9138866 150057 120932 2878343 2921890 6763875 6554478 78750 952014 548850 10823039 10146150 X -1450049 -1007284 -1450049 -1007284 9372990 9138866 40737 402028 0 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6.00 1 1 1 false false 445781 445781 13355688 7476633 5879055 853051 662332 190719 6515555 Security deposits Cash restricted for escrow deposit 8095 8095 Interest rate swap 548850 548850 X 6672211 402028 402028 6270183 1216856 1216856 7487039 6229446 6229446 1216856 1216856 7446302 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 $1,216,856. Other expenses included on Form 990 (Part XII, line 4b) Tuition assistance in the amount of $1,216,856. Footnote for uncertain tax position under FIN 48 (Part X) Generally accepted accounting principles prescribe how an organization should measure, recognize, present and disclose in its financial statements tax positions that the organization has taken on its information returns. The Organization regularly reviews its tax positions taken and as reflected in its financial statements, with regard to issues affecting tax matters. The Organization has concluded that no tax benefits or liabilities are required to be recognized in accordance with generally accepted accounting principles.The Organizations tax and information returns are generally subject to examination by taxing authorities for three years, including 2015, 2016, and 2017. General Explanation Attachment Part XI, Line 2A (Net Unrealized Gains on Investments) - Unrealized gain on interst rate swap in the amount of $403,164. Unrealized loss on investment in the amount of $1,136. true true true true true true true false false false false false false false false false false true Description of nondiscriminatory policy (Question 3) It is the policy of Organization not to discriminate on the basis of race, color, religion, sex, national origin, age or disability in its educational programs and its related policies and procedures. true Scholarship for students attending PMS Prog 6 67567 FMV-comparable fees Tuition scholarships Tuition assistance for students attending PMS Prog 54 1149289 FMV-comparable fees Tuition assistance Monitoring procedures (Part I, line 2) 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. 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 Organizations Mission (Page 1, Part I, Line 1 & Page 2, Part III, Line 1): We strive to promote intrinsic motivation, self-reliance, social responsibility, and a love of learning so that as global citizens, our students can lead fulfilling lives and work to better the world.The Society is comprised of Princeton Montessori School ( PMONTS) and Princeton Center for Teacher Education (PCTE). The Society provides Montessori education for children from infancy through middle school, summer enrichment for infants-lower elementary-aged students, trains prospective Montessori teachers, and educates parents. Founded in 1968, Princeton Montessori School is an independent, co-educational day school, dedicated to the highest quality education of children and developing passion and nurturing the potential in each child,through the values and principles of the Montessori philosophy.