Overview
What is Raritan Valley Montessori Academy Inc?
Raritan Valley Montessori Academy Inc is a nonprofit institution dedicated solely to the education of children. Established with the purpose of providing an engaging learning environment, the academy offers various programs for different age groups, including nursery school, early school admissions, and kindergarten. Participation in these educational programs requires tuition fees. The academy's primary focus is on nurturing the intellectual and social growth of young learners, making it an essential resource for families seeking quality early education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Raritan Valley Montessori Academy Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas needing enhancement. The overall score of 69% reflects some strengths, particularly in governance, where the organization boasts a majority of independent board members and a favorable liabilities to assets ratio. However, the lack of financial statements and other required documentation raises concerns about transparency and accountability.
Several critical policies are missing, including a whistleblower policy and guidelines for document retention and destruction. Additionally, the absence of board meeting minutes and tax forms on their website detracts from their accountability score. While the program expense ratio is strong at 80.29%, indicating that a substantial portion of their budget is directed towards programs, the overall lack of documentation and established policies could undermine confidence in their operations.
The organization does demonstrate some positive governance practices, such as having an independent board and a conflict of interest policy. However, without addressing the noted deficiencies in financial transparency and policy implementation, Raritan Valley Montessori Academy Inc may struggle to enhance its rating and the trust of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Raritan Valley Montessori Academy Inc legitimate?
Raritan Valley Montessori Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raritan Valley 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: $63,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Raritan Valley Montessori Academy Inc?
Raritan Valley Montessori Academy Inc is dedicated to providing education for children, operating exclusively with this purpose. The academy offers various educational programs, such as nursery school, early school admissions, and kindergarten, to cater to children's learning needs. Participation in these programs requires payment of tuition fees. The school's primary focus is on educating children, aiming to provide a conducive learning environment for their development.
What is the revenue of Raritan Valley Montessori Academy Inc?
Raritan Valley Montessori Academy Inc's revenue in 2023 was $1,214,664.
Who are the executives of Raritan Valley Montessori Academy Inc and what are their salaries?
The average compensation at Raritan Valley Montessori Academy Inc during 2023 was $2,743. There are 23 employees and 8 volunteers at Raritan Valley Montessori Academy Inc.
Here are 5 key members and their salaries:
- Compensation: $63,087
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Raritan Valley Montessori Academy Inc?
Raritan Valley Montessori Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Raritan Valley Montessori Academy Inc
Raritan Valley Montessori Academy, a dedicated institution, is established and operated with a primary focus on educating children. The academy's mission is centered around providing educational programs for children, encompassing nursery school, early admissions, and kindergarten. This educational institution operates on the premise that tuition fees are essential for children to participate in these educational programs. In essence, the academy is committed to fostering the intellectual growth and development of its young students through its tailored educational offerings.
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Impact
October, 2024
Raritan Valley Montessori Academy Inc impacts the community by providing high-quality education to children through thoughtfully designed programs, including nursery school, early school admissions, and kindergarten. Located in Bridgewater, NJ, the academy fosters a nurturing environment where young learners can thrive academically and socially. By focusing exclusively on child education, Raritan Valley Montessori Academy creates a strong foundation for lifelong learning, encouraging curiosity and independence in its students. The structured curriculum, along with the skilled educators, helps children develop critical thinking skills, emotional intelligence, and a love for learning, ultimately preparing them for future academic success and personal growth.
This information is meant to be a general summary of Raritan Valley 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 2023.
- Investment Income: $17
- Program Service Revenue: $1,206,545
- Gross Receipts: $1,234,031
Assets and Liabilities:
- Total Assets: $552,615
- Total Liabilities: $268,954
- Net Assets: $283,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$1,206,545
Organization Details
Founding Year
1997
Principal Officer
Leslie Meldrum
NTEE Category
Code: B99Z - Education
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