Overview
What is Heartwood Montessori School - Northeast?
Heartwood Montessori School-Northeast, situated in Minneapolis, Minnesota, is a distinguished nonprofit institution that offers high-quality Montessori educational programs. Established in the northeast community, the school completed its seventh year of operation and expanded its capacity to accommodate 72 students. Heartwood Montessori caters to children aged from 33 months to 6 years, enrolling them in pre-school programs. The school's mission is multifaceted, encompassing community service, educational development, and creating a supportive environment for all. By focusing on these aspects, Heartwood Montessori School-Northeast embodies a commitment to nurturing and fostering the growth of its students. The nonprofit employs a team of 16 dedicated individuals.
Official website here: www.heartwoodmontessori.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Heartwood Montessori School has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. With an overall score of 73%, the organization demonstrates strengths in board independence and financial oversight, achieving perfect scores for the majority of its board members being independent and for its audit and oversight practices. The program expense ratio is notably strong at 90.11%, reflecting a commitment to directing funds towards its educational programs.
However, the organization faces significant challenges that contribute to its lower rating. Key governance policies are lacking, including a whistleblower policy and a document retention policy, which are critical for ensuring transparency and accountability. Additionally, the absence of the nonprofit's tax form on its website raises concerns about accessibility of financial information, which is important for donor trust and engagement.
Financially, Heartwood Montessori School's liabilities to assets ratio stands at 81.30%, suggesting a potentially concerning balance sheet that may affect its long-term sustainability. While the organization excels in programmatic spending, addressing its governance gaps and improving financial health will be essential to enhance overall effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Heartwood Montessori School - Northeast legitimate?
Heartwood Montessori School - Northeast is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heartwood Montessori School - Northeast 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,791
For more financial information, click here
Official website here: www.heartwoodmontessori.org
What is the mission statement of Heartwood Montessori School - Northeast?
Heartwood Montessori School, in its mission, prioritizes community service, educational development, and creating a supportive environment for all its students. The school's primary focus is to provide high-quality Montessori educational programs, catering to children from the age of thirty-three months to six years, in pre-school programs. Heartwood Montessori School is committed to expanding its capacity and serving more students, as evidenced by its completion of seven school years and an increase in student count to 72.
Official website here: www.heartwoodmontessori.org
Who is the CEO of Heartwood Montessori School - Northeast?
Keith Johns is the President of Heartwood Montessori School - Northeast.
Official website here: www.heartwoodmontessori.org
What is the revenue of Heartwood Montessori School - Northeast?
Heartwood Montessori School - Northeast's revenue in 2022 was $603,474.
Official website here: www.heartwoodmontessori.org
Who are the executives of Heartwood Montessori School - Northeast and what are their salaries?
The average compensation at Heartwood Montessori School - Northeast during 2022 was $24,362. There are 16 employees at Heartwood Montessori School - Northeast.
Here are 10 key members and their salaries:
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- Compensation: $75,000
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- Other: $1,447
Official website here: www.heartwoodmontessori.org
Where can I find the form 990 for Heartwood Montessori School - Northeast?
Heartwood Montessori School - Northeast's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heartwoodmontessori.org
Learn more at the official website: www.heartwoodmontessori.org
Mission Statement of Heartwood Montessori School - Northeast
Heartwood Montessori School-Northeast is dedicated to serving the community, fostering educational development, and creating a supportive environment for all its students. The school's mission is to provide high-quality Montessori educational programs, focusing on nurturing the growth and potential of children aged from thirty-three months to six years in pre-school programs. Heartwood Montessori School-Northeast is committed to community service, ensuring that every child has an opportunity to learn and grow in a nurturing and supportive environment. The school's educational programs are designed to cater to the unique needs and abilities of each child, fostering their creativity, independence, and love for learning. Through its mission, Heartwood Montessori School-Northeast seeks to equip its students with the skills and knowledge they need to succeed in their future endeavors.
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Impact
July, 2024
Heartwood Montessori School - Northeast's impact can be seen in the positive changes it brings to the community of Northeast Minneapolis. By focusing on community service, educational development, and providing a supportive environment for all, the school plays a vital role in nurturing young minds and fostering a sense of belonging. With its high-quality Montessori educational programs, Heartwood Montessori - Northeast has been able to accommodate and educate more students each year, increasing its capacity to 72 students. This demonstrates the school's commitment to meeting the needs of the community and contributing to the overall wellbeing and growth of its residents, particularly the younger generation.
This information is meant to be a general summary of Heartwood Montessori School - Northeast. 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.
- Program Service Revenue: $550,090
- Gross Receipts: $603,474
Assets and Liabilities:
- Total Assets: $137,475
- Total Liabilities: $20,000
- Net Assets: $117,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$550,090
Organization Details
Founding Year
2014
Phone
(612) 220-7504Principal Officer
Keith Johns
Main Address
229 13TH AVENUE NE, MINNEAPOLIS, MN, 554131117
Website
www.heartwoodmontessori.orgNTEE Category
Code: P33 - Human services
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