Overview
What is Mosaic Montessori Academy Inc?
Mosaic Montessori Academy Inc, based in River Forest, Illinois (specifically at 7970 W Lake St), is a nonprofit organization that specializes in early education services for children aged between 2 and 6. Their mission is deeply rooted in the Montessori philosophy and methodology, aiming to offer a high-quality and nurturing early childhood educational program to the community. With a dedicated team of 15 employees, Mosaic Montessori Academy Inc strives to provide an enriching learning environment that fosters the holistic development of each child in their care.
Official website here: www.mosaicmontessori.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 52%, One-Star out of Four Star rating.
Mosaic Montessori Academy Inc has received a low score of 52% on Charity Navigator, reflecting concerns in its accountability and financial practices. The organization scored particularly poorly in several key areas, including the composition of its board and the lack of independent board members. Additionally, it showed deficiencies in its financial statement transparency, conflict of interest policy, and documentation practices.
Despite these challenges, the organization has a strong program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. This suggests a commitment to its mission, although the shortcomings in governance and financial oversight raise questions about its long-term sustainability and operational effectiveness.
Overall, while Mosaic Montessori Academy Inc demonstrates a dedication to its educational programs, the lack of independent oversight and transparency in financial reporting are significant areas for improvement that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Mosaic Montessori Academy Inc legitimate?
Mosaic Montessori Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mosaic Montessori Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $91,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,186
For more financial information, click here
Official website here: www.mosaicmontessori.org
What is the mission statement of Mosaic Montessori Academy Inc?
Mosaic Montessori Academy Inc's mission is centered around offering the community a high-quality and nurturing early childhood educational program, drawing inspiration from the fundamental principles and techniques of the Montessori philosophy and methodology. The academy aims to provide an educational environment that fosters growth and development in children aged between 2 and 6. Their mission is to create an engaging and supportive learning environment that encourages the holistic development of each child, enabling them to reach their full potential.
Official website here: www.mosaicmontessori.org
Who is the CEO of Mosaic Montessori Academy Inc?
Maria Carandang-Ramos is the Executive Director of Mosaic Montessori Academy Inc.
Official website here: www.mosaicmontessori.org
What is the revenue of Mosaic Montessori Academy Inc?
Mosaic Montessori Academy Inc's revenue in 2022 was $797,683.
Official website here: www.mosaicmontessori.org
Who are the executives of Mosaic Montessori Academy Inc and what are their salaries?
The average compensation at Mosaic Montessori Academy Inc during 2022 was $26,789. There are 15 employees at Mosaic Montessori Academy Inc.
Here are 7 key members and their salaries:
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Official website here: www.mosaicmontessori.org
Where can I find the form 990 for Mosaic Montessori Academy Inc?
Mosaic Montessori Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mosaicmontessori.org
Learn more at the official website: www.mosaicmontessori.org
Mission Statement of Mosaic Montessori Academy Inc
Mosaic Montessori Academy, a dedicated institution, is committed to serving its community by offering a high-quality and nurturing early childhood educational program. This mission is rooted in the fundamental principles and methodologies of the Montessori philosophy. The Academy aims to provide an environment that fosters growth and learning for children between the ages of 2 and 6. By adhering to Montessori teachings, Mosaic Montessori Academy seeks to empower young minds, fostering their cognitive, social, and emotional development.
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Impact
July, 2024
Mosaic Montessori Academy Inc has a significant impact on the community by providing high-quality and nurturing early childhood educational programs based on the Montessori philosophy and methodology. By serving children aged 2 to 6 in River Forest, IL, Mosaic Montessori Academy helps in the holistic development of young minds, fostering independence, creativity, and a love for learning. Through their educational approach, they contribute to shaping the future generation with essential skills and values.
This information is meant to be a general summary of Mosaic Montessori Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31
- Program Service Revenue: $797,623
- Gross Receipts: $797,683
Assets and Liabilities:
- Total Assets: $334,467
- Total Liabilities: $87,873
- Net Assets: $246,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education
Revenue
$733,611
PPP loan forgiveneness by SBA 2-02-2022
Revenue
$66,600
Organization Details
Founding Year
2006
Phone
(312) 351-0074Principal Officer
Maria Carandang-Ramos
Main Address
7970 W Lake St, River Forest, IL, 60305
Website
www.mosaicmontessori.orgNTEE Category
Code: B20 - Education
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