2018-06-28T15:44:30-04:00 2017-08-31 205907840 Ketcham & Associates LLC 202 Mountain Avenue Westfield NJ 07090 990 2016-09-01 221853399 PRINCETON MONTESSORI SOCIETY PRIN 487 Cherry Valley Road Princeton NJ 08540 Lee Gardner Chairperson 6099244594 2018-01-15 true Steven Ketcham CPA P01439801 9082324618 2018-06-28 2016 2022-09-23 18:48:47Z Dale Santos 487 Cherry Valley Road Princeton NJ 08540 7081409 false X WWW.PRINCETONMONTESSORI.ORG X 1968 NJ See Schedule O 8 8 74 35 0 0 183921 156950 6285654 6907620 1940 1132 3830 10126 6475345 7075828 699334 1438300 0 3959016 3886263 0 100517 2010966 1993014 6669316 7317577 -193971 -241749 9517803 9372990 11120905 10823039 -1603102 -1450049 See Schedule O false false 5447736 1438300 5236182 The Organization is an independent school that offers educational programs for children from eight weeks of age through eighth grade. The Organization is dedicted to providing the highest quality education of children according to the values and principles of the Montessori philosphy. 5447736 true true false false false false true false false false true false false false true true true false true false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 35 0 true 74 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 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 Joe Hargrove 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 56446 0 0 Michelle Morrison Executive Director 40.00 0.00 X 131250 0 0 187696 0 0 1 false false false 156950 156950 Tuition revenue 611710 6674482 6674482 Other income 611710 233138 233138 6907620 1132 1132 15707 5581 10126 10126 7075828 6907620 0 11258 1438300 1438300 131250 131250 2947853 2192679 693380 61794 587728 418531 157402 11795 219432 156261 58767 4404 9488 9488 35947 35947 113172 94672 18500 10397 10397 72189 72189 136082 136082 16403 16403 22524 22524 294359 294359 575397 287699 287698 121050 121050 Direct educational expenses 294453 294453 Supplies 36466 36466 Telephone 15263 15263 Maintenance and repairs 169872 169872 69952 59608 10344 7317577 5447736 1769324 100517 1623880 1755699 108394 113520 10000 82283 128331 385915 367598 14475051 7575817 7249867 6899234 59369 62013 8095 36595 9517803 9372990 56696 150057 2662785 2878343 6978500 6763875 77625 78750 1345299 952014 11120905 10823039 X -1603102 -1450049 -1603102 -1450049 9517803 9372990 -241749 394802 0 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 476.00 1 1 1 false false 445781 445781 13221801 7007971 6213830 807469 567846 239623 6899234 Security deposits 28500 Cash restricted for escrow deposit 8095 36595 Interest rate swap 952014 952014 X 6032330 394802 394802 5637528 1438300 1438300 7075828 5879277 5879277 1438300 1438300 7317577 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 $1,438,300. Other expenses included on Form 990 (Part XII, line 4b) Tuition assistance in the amount of $1,438,300. 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 2014, 2015, and 2016. General Explanation Attachment Part XI, Line 2A (Net Unrealized Gains on Investments) - Unrealized gain on interst rate swap in the amount of $393,285. Unrealized gain on investment in the amount of $1,517. 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. 1 15707 15707 5581 15707 15707 5581 5581 10126 true Scholarship for students attending PMS Prog 6 159120 FMV-comparable fees Tuition scholarships Tuition assistance for students attending PMS Prog 54 1279180 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): Princeton Montessori Society is comprised of Princeton Montessori School (PMS) and Princeton Center for Teacher Education (PCTE). The Society provides Motenssori education for children from infancy through middle school, 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. We promote intrinsic motivation, independence, social responsibility, and a love of learning so that as global citizens, our students can lead fulfilling lives and work to better the world. PCTE, founded in 1989, is dedicated to quality Montessori teacher training. The teachers learn to nurture the childs innate abilities and self-exploration that build skills and a foundation for the future.