MONTESSORI CENTER SCHOOL AT SANTA BARBARA & STUDENTS INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MONTESSORI CENTER SCHOOL AT SANTA BARBARA & STUDENTS INC (EIN 95-2774847)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-02-06
- IRS object ID
- 201730379349301363
- Schema version
- 2015v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-02-06T17:41:48-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953680171 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGOWAN GUNTERMANN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 E VICTORIA ST 2ND FLOOR | AddressLine1Txt |
| City | SANTA BARBARA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 931012018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952774847 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTESSORI CENTER SCHOOL AT SANTA | BusinessNameLine1Txt |
| Business Name Line2 | BARBARA INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MONT | BusinessNameControlTxt |
| Phone | 8056839383 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N FAIRVIEW AVENUE 1 | AddressLine1Txt |
| City | GOLETA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93117 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELANIE JACOBS | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 8056839383 | PhoneNum |
| Signature | 2017-01-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISLEY N REED CPA | PreparerPersonNm |
| PTIN | P00025230 | PTIN |
| Phone | 8059629175 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MELANIE JACOBS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N FAIRVIEW AVENUE 1 | AddressLine1Txt |
| City | GOLETA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,189,484 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MCSSB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1965 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | OPERATION AND MAINTENANCE OF A PRIVATE MONTESSORI SCHOOL FOR APPROXIMATELY 300 STUDENTS | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 81 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $282,168 | PYContributionsGrantsAmt |
| CY Contributions Grants | $239,266 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,999,200 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,018,466 | CYProgramServiceRevenueAmt |
| PY Investment Income | $51,447 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,480 | CYInvestmentIncomeAmt |
| PY Other Revenue | $28,966 | PYOtherRevenueAmt |
| CY Other Revenue | $67,387 | CYOtherRevenueAmt |
| PY Total Revenue | $4,361,781 | PYTotalRevenueAmt |
| CY Total Revenue | $4,338,599 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,988,119 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,053,194 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $69,712 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $918,721 | PYOtherExpensesAmt |
| CY Other Expenses | $988,957 | CYOtherExpensesAmt |
| PY Total Expenses | $3,906,840 | PYTotalExpensesAmt |
| CY Total Expenses | $4,042,151 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $454,941 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $296,448 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,170,224 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,683,614 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,122,506 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,321,217 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,047,718 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,362,397 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE EDUCATION TO CHILDREN, AGES 18 MONTHS THROUGH 6TH GRADE, WITH THE CLOSE GUIDANCE OF MONTESSORI TRAINED TEACHERS TO ENCOURAGE THEIR INTELLECTUAL, PHYSICAL, CREATIVE, EMOTIONAL,MORAL AND SOCIAL DEVELOPMENT AND TO FULFILL THEIR TRUE POTENTIAL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,980,079 | ExpenseAmt |
| Revenue | $3,822,598 | RevenueAmt |
| Desc | CLASSROOMS: DEDICATED TO THE MONTESSORI PHILOSOPHY AND METHOD OF EDUCATION. PROMOTES THE DEVELOPMENT OF THE WHOLE CHILD, FACILITATES THE GROWTH OF INNER DISCIPLINE AND CULTIVATES THE CHILD'S OWN NATURAL JOY IN LEARNING. CLASSROOMS ARE MULTI-AGE ENVIRONMENTS FURNISHED WITH MONTESSORI MATERIALS AND SUPPLEMENTED WITH ENRICHED LEARNING MATERIALS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $349,652 | ExpenseAmt |
| Desc | ENRICHMENT PROGRAM: THE ENRICHMENT PROGRAM OFFER MUSIC, PE, SPANISH, ART AND A LIBRARY PROGRAM. 4 - 6TH GRADE STUDENTS ALSO TAKE COMPUTER/TECHNOLOGY AND THEATER. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $206,809 | ExpenseAmt |
| Revenue | $277,762 | RevenueAmt |
| Desc | SUMMER SCHOOL AND CHILDCARE PROGRAM: THE SUMMER PROGRAMS ARE ORGANIZED INTO CAMPS LEAD BY MONTESSORI STAFF. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,536,540 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 81 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BIRGIT CRABLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8056839383 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N FAIRVIEW AVENUE 1 | AddressLine1Txt |
| City | GOLETA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93117 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| SCOTT EHRNSTEIN | ||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LINDSAY SHINN | ||||||
| VICE-PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRIAN JOHNSON | ||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SUZANNE COHEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GREG JENSEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANDREW VESPER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JANELLE GREEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LEONARD CHEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEFF BROOKSHIRE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RASHI BAHRI | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT RAUCHHAUS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| VICTOR RIOS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KEN COHEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN BERGER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PATRICIA COLBY | ||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $138,717 | $0 | $11,160 | |
| BIRGIT CRABLE | ||||||
| BUSINESS MANAGER | 40.00 | Yes (X) | $71,856 | $0 | $13,084 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $210,573 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $24,244 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $155,280 | FundraisingAmt |
| All Other Contributions | $83,986 | AllOtherContributionsAmt |
| Noncash Contributions | $32,952 | NoncashContributionsAmt |
| Total Contributions | $239,266 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $3,740,704 | $3,740,704 |
| SUMMER SCHOOL AND CHILDCARE FEES | 900099 | $277,762 | $277,762 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,018,466 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,992 | TotalRevenueColumnAmt |
| Exclusion | $50,992 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,724,627 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,762,139 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$37,512 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$37,512 | TotalRevenueColumnAmt |
| Exclusion | -$37,512 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $74,239 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $155,280 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $88,746 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$14,507 | TotalRevenueColumnAmt |
| Exclusion | -$14,507 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FINANCE CHARGES | 900099 | $47,684 | $47,684 |
| APPLICATION AND DEPOSIT FEES | 900099 | $14,200 | $14,200 |
| OTHER INCOME | 900099 | $12,605 | $12,605 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,405 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $81,894 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,338,599 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,100,360 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$1,027 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,336 | TotalAmt |
| Program Services | $32,909 | ProgramServicesAmt |
| Management And General | $200,973 | ManagementAndGeneralAmt |
| Fundraising | $16,454 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,075,321 | TotalAmt |
| Program Services | $1,694,876 | ProgramServicesAmt |
| Management And General | $339,349 | ManagementAndGeneralAmt |
| Fundraising | $41,096 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,694 | TotalAmt |
| Program Services | $89,859 | ProgramServicesAmt |
| Management And General | $11,835 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $330,495 | TotalAmt |
| Program Services | $273,542 | ProgramServicesAmt |
| Management And General | $50,841 | ManagementAndGeneralAmt |
| Fundraising | $6,112 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,348 | TotalAmt |
| Program Services | $228,015 | ProgramServicesAmt |
| Management And General | $61,283 | ManagementAndGeneralAmt |
| Fundraising | $6,050 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,386 | TotalAmt |
| Management And General | $23,386 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,050 | TotalAmt |
| Management And General | $48,050 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,367 | TotalAmt |
| Management And General | $28,367 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,276 | TotalAmt |
| Program Services | $63,249 | ProgramServicesAmt |
| Management And General | $15,027 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,707 | TotalAmt |
| Management And General | $45,707 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $360,731 | TotalAmt |
| Management And General | $360,731 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,728 | TotalAmt |
| Management And General | $34,728 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,532 | TotalAmt |
| Management And General | $59,532 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,025 | TotalAmt |
| Management And General | $28,025 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SCHOLARSHIPS | $126,056 | $126,056 | |
| REPAIRS AND MAINTENANCE | $85,092 | $85,092 | |
| PRINTING AND POSTAGE | $17,669 | $17,669 | |
| FOOD AND SNACKS | $14,230 | $14,230 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,108 | TotalAmt |
| Program Services | $13,804 | ProgramServicesAmt |
| Management And General | $25,304 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,042,151 | TotalAmt |
| Program Services | $2,536,540 | ProgramServicesAmt |
| Management And General | $1,435,899 | ManagementAndGeneralAmt |
| Fundraising | $69,712 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,514 | BOYAmt |
| EOY | $151,136 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $553,970 | BOYAmt |
| EOY | $496,001 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,872 | BOYAmt |
| EOY | $11,726 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,049 | BOYAmt |
| EOY | $73,789 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,528,155 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,251,771 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,174,372 | BOYAmt |
| EOY | $4,276,384 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $849,717 | BOYAmt |
| EOY | $403,990 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,333,986 | BOYAmt |
| EOY | $3,258,547 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,744 | BOYAmt |
| EOY | $12,041 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,170,224 | BOYAmt |
| EOY | $8,683,614 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,494 | BOYAmt |
| EOY | $282,791 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,873,012 | BOYAmt |
| EOY | $2,038,426 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,122,506 | BOYAmt |
| EOY | $2,321,217 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,907,099 | BOYAmt |
| EOY | $6,268,409 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,619 | BOYAmt |
| EOY | $93,988 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,047,718 | BOYAmt |
| EOY | $6,362,397 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,170,224 | BOYAmt |
| EOY | $8,683,614 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $296,448 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $18,231 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | 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
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,503,572 | OtherCostOrOtherBasisAmt |
| Book Value | $3,503,572 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,270,377 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,216,209 | DepreciationAmt |
| Book Value | $54,168 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $681,238 | OtherCostOrOtherBasisAmt |
| Depreciation | $670,033 | DepreciationAmt |
| Book Value | $11,205 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $464,759 | OtherCostOrOtherBasisAmt |
| Depreciation | $365,529 | DepreciationAmt |
| Book Value | $99,230 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $608,209 | OtherCostOrOtherBasisAmt |
| Book Value | $608,209 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,276,384 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CERTIFICATES OF DEPOSIT | Desc |
| Book Value | $3,258,547 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $3,258,547 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREPAID TUITION AND FEES | Desc |
| Amt | $2,038,426 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,038,426 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,233,274 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $18,231 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $2,500 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $20,731 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,212,543 | RevenueSubtotalAmt |
| Other Revenues Not Included | $126,056 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $126,056 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,338,599 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,918,595 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,500 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,500 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,916,095 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $126,056 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $126,056 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,042,151 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE SCHOOL EVALUATES UNCERTAIN TAX POSITIONS, WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF JUNE 30, 2016, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. THE SCHOOL FILES TAX RETURNS IN CALIFORNIA AND U.S. FEDERAL JURISDICTIONS. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2012 AND 2011 RESPECTIVELY. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS - REPORTED NET AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 126,056. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS - REPORTED NET AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 126,056. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | ALL SOLICITATIONS INCLUDE THE STATEMENT: "MONTESSORI CENTER SCHOOL DOES NOT DISCRIMINATE IN THE ADMISSION OF STUDENTS OR IN THE OPERATION OF THE SCHOOL ON THE BASIS OF RACE, SEX, GENDER IDENTITY, SEXUAL ORIENTATION, COLOR, PHYSICAL DISABILITY, NATIONAL OR ETHNIC ORIGIN. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL DINNER | Event1Nm |
| Gross Receipts Event1 | $206,263 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $132,024 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $74,239 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $31,473 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $9,074 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $28,036 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $850 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $18,694 | OtherDirectExpensesEvent1Amt |
| Event2 | JOG-A-THON | Event2Nm |
| Gross Receipts Event2 | $23,256 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $23,256 | CharitableContriEvent2Amt |
| Other Direct Expenses Event2 | $619 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $229,519 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $155,280 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $74,239 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $31,473 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $9,074 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $28,036 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $850 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $19,313 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $88,746 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$14,507 | NetIncomeSummaryAmt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | OTHER AUCTION CONTRIBUTIONS | 6 | $17,400 | EST. FMV OF ITEMS |
| Yes (X) | GIFT CARDS/CERTIFICATES | 79 | $14,073 | FMV OF GIFT CARD/CER |
| Yes (X) | CONSTRUCTION MATERIALS | 2 | $3,979 | EST. FMV OF ITEMS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE. THE FINANCE COMMITTE CHAIR REPORTS ON THE 990 TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | COMMITTEE CHAIRS, BOARD CHAIR AND HEAD OF SCHOOL ARE CHARGED WITH MONITORING AND ENFORCING THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD PRESIDENT IS RESPONSIBLE FOR DETERMINING COMPENSATION. THE BOARD TREASURER COMPILES COMPARABILITY DATA AND THE EXECUTIVE COMMITTEE PROVIDES INPUT AND ADVISE DURING THIS PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, THE FINANCIAL STATEMENTS, AND THE 990 ARE AVAILABLE UPON REQUEST IN THE OFFICE OF THE SCHOOL. WRITTEN REQUESTS MAY BE SUBMITTED TO THE SCHOOL AT THE ADDRESS FOUND ON THIS RETURN. |
| FORM 990, PAGE 11, PART XI, LINE 2C | THE FINANCE COMMITTEE OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS PREPARED BY THE CPA FIRM. THE AUDITED FINANCIAL STATEMENTS ARE PRESENTED TO THE FINANCE COMMITTEE FOR DISCUSSION AND APPROVAL. THE COMMITTEE THEN VOTES TO APPROVE OR DISAPPROVE OF THE AUDIT AND THIS MEETING IS MEMORIALIZIED IN THE MINUTES. UPON APPROVAL, THE FINANCE COMMITTEE CHAIR PRESENTS THE AUDITED FINANCIAL STATEMENTS TO THE BOARD AND RECOMMENDS ACCEPTANCE. THE BOARD THEN VOTES AND THE DISCUSSION AND VOTE ARE RECORDED IN THE MINUTES. |
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