Overview
What is Downtown Montessori Academy Inc?
Downtown Montessori Academy Inc, established in 1976, is a community-focused Montessori elementary school situated in Milwaukee, Wisconsin. As a City of Milwaukee charter school, it offers tuition-free education to children aged 4 and above by September 1, funded through public funds. The school's mission is to provide a Montessori education to a diverse group of students from kindergarten to 8th grade, aiming to foster self-confident, competent, and cooperative adults. With a commitment to serving nearly 300 children and families, Downtown Montessori Academy offers an intimate small-school environment, upgraded facilities, and a renowned outdoor classroom and play area. The school actively engages with the broader community to enrich its students' learning experience.
Official website here: www.downtownmontessori.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 86% - Three-Star out of Four Star rating
Downtown Montessori Academy Inc has achieved an 86% score, indicating a solid level of accountability and finance management. The rating reflects a comprehensive evaluation focused solely on these aspects, showcasing the organization’s commitment to transparency and ethical governance. Their independent board consists entirely of independent members, which strengthens oversight and decision-making processes.
The organization excels in key areas such as having a well-documented conflict of interest policy, a whistleblower policy, and the regular documentation of board meeting minutes. Additionally, the organization's program expense ratio is impressive at 76.68%, suggesting that a significant portion of their expenditures is directed towards their mission-driven activities, which is a positive indicator for donors.
However, one area of concern is the liabilities to assets ratio, which stands at 57.70%. This figure may indicate some financial risk, as it suggests that liabilities are approaching the level of assets. It would be beneficial for the organization to address this aspect to enhance financial stability and reassure stakeholders about its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Montessori Academy Inc legitimate?
Downtown Montessori Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown 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: $342,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,192,229
For more financial information, click here
Official website here: www.downtownmontessori.com
What is the mission statement of Downtown Montessori Academy Inc?
The mission of Downtown Montessori Academy Inc is centered around establishing a Montessori learning environment that fosters self-confidence, competence, and cooperation in children. By providing a Montessori education, this academy aims to prepare its K3-8th grade students to become well-rounded and cooperative adults. As a Title I School of Recognition, Downtown Montessori Academy Inc serves a diverse group of students, utilizing public funds for tuition, and offering an intimate small-school environment, upgraded facilities, and an award-winning outdoor classroom and play space. The academy is committed to leveraging community resources to provide a rich and enriching learning environment for its students.
Official website here: www.downtownmontessori.com
Who is the CEO of Downtown Montessori Academy Inc?
Ian Spanic is the Executive Dir. of Downtown Montessori Academy Inc.
Official website here: www.downtownmontessori.com
What is the revenue of Downtown Montessori Academy Inc?
Downtown Montessori Academy Inc's revenue in 2022 was $2,785,581.
Official website here: www.downtownmontessori.com
Who are the executives of Downtown Montessori Academy Inc and what are their salaries?
The average compensation at Downtown Montessori Academy Inc during 2022 was $38,368. There are 40 employees and 240 volunteers at Downtown Montessori Academy Inc.
Here are 7 key members and their salaries:
- Compensation: $103,808
- Related: $0
- Other: $12,974
- Compensation: $111,467
- Related: $0
- Other: $3,516
- Compensation: $0
- 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
Official website here: www.downtownmontessori.com
Where can I find the form 990 for Downtown Montessori Academy Inc?
Downtown Montessori Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownmontessori.com
Learn more at the official website: www.downtownmontessori.com
Mission Statement of Downtown Montessori Academy Inc
Downtown Montessori Academy, a community-focused Montessori elementary school, strives to establish an educational environment that fosters self-confidence, competence, and cooperation in children. By providing a Montessori education to a diverse group of students from Kindergarten 3 to 8th grade, the academy aims to equip these children with the necessary skills to grow into confident adults. As a Title I School of Recognition, Downtown Montessori Academy serves nearly 300 children and families, offering a small-school setting, upgraded facilities, and an award-winning outdoor classroom and play space. The academy's mission is to create an environment that allows children to learn through hands-on experiences, fostering their independence and promoting cooperative behavior.
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Impact
July, 2024
Downtown Montessori Academy Inc's impact lies in its commitment to providing a Montessori education to a diverse group of students from K3 to 8th grade. By creating a supportive and stimulating learning environment, the academy helps children develop into self-confident, competent, and cooperative individuals. Through its small class sizes, upgraded facilities, and outdoor classroom, the academy offers a rich and engaging experience for nearly 300 children and their families. As a Title I school of recognition, Downtown Montessori Academy Inc plays a crucial role in serving the community of Milwaukee, leveraging resources to ensure all children have access to quality education.
This information is meant to be a general summary of Downtown 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: $983
- Program Service Revenue: $370,798
- Gross Receipts: $2,799,100
Assets and Liabilities:
- Total Assets: $7,279,991
- Total Liabilities: $4,100,477
- Net Assets: $3,179,514
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE
Revenue
$359,231
PROGRAM FEES
Revenue
$11,567
Organization Details
Founding Year
1976
Phone
(414) 744-6005Principal Officer
Ian Spanic
Main Address
2507 S GRAHAM STREET, MILWAUKEE, WI, 53207
Website
www.downtownmontessori.comNTEE Category
Code: B21P - Education
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