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Spring Bilingual Montessori Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520856385 ✦ Kensington, MD ✦ Designated as a 501(c)(3)

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Overview

What is Spring Bilingual Montessori Academy Inc?

Spring Bilingual Montessori Academy Inc, based on the provided information, is a nonprofit organization with a mission to foster a stimulating learning environment that nurtures a child's natural curiosity and desire to learn. Their primary activity lies in bilingual preschool education, where they encourage students to explore and gain knowledge independently. This academy, though not specified in the data, likely operates in multiple locations or serves a diverse community, given the mention of "bilingual" in their mission.


Official website here: www.spring-bilingual.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars

Spring Bilingual Montessori Academy Inc has received a rating of two stars, indicating a need for improvement with an overall score of 69%. The organization's accountability and finance score also stands at 69%, reflecting some strengths in governance, such as having a majority of independent board members and a solid liabilities to assets ratio of 34.47%. Notably, the program expense ratio is exemplary at 100%, suggesting that all expenditures are directed towards its programs.

However, there are significant concerns regarding the organization's policies and transparency. The lack of a conflict of interest policy, whistleblower policy, and document retention policy has resulted in low scores in these areas. Additionally, the absence of the nonprofit's tax form on its website further highlights issues related to transparency and compliance, which has negatively affected its overall rating.

In summary, while Spring Bilingual Montessori Academy Inc demonstrates strong financial commitments to its programs, it faces challenges in governance and transparency that need to be addressed to improve its standing and accountability in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Spring Bilingual Montessori Academy Inc legitimate?

Spring Bilingual Montessori Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Bilingual 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $654,190

For more financial information, click here


Official website here: www.spring-bilingual.org

What is the mission statement of Spring Bilingual Montessori Academy Inc?

Spring Bilingual Montessori Academy Inc's mission is to establish a learning atmosphere that fosters a student's natural inclination towards discovery and thirst for knowledge. The academy aims to cultivate an environment that encourages exploration, promoting a well-rounded educational experience. By doing so, it empowers students to develop their intellectual abilities and grow into confident learners. The academy's approach to education emphasizes bilingualism, allowing students to gain a unique perspective and versatility in language skills.


Official website here: www.spring-bilingual.org

Who is the CEO of Spring Bilingual Montessori Academy Inc?

Harvey Beckham is the President of Spring Bilingual Montessori Academy Inc.


Official website here: www.spring-bilingual.org

What is the revenue of Spring Bilingual Montessori Academy Inc?

Spring Bilingual Montessori Academy Inc's revenue in 2021 was $840,759.


Official website here: www.spring-bilingual.org

Who are the executives of Spring Bilingual Montessori Academy Inc and what are their salaries?




Official website here: www.spring-bilingual.org

Where can I find the form 990 for Spring Bilingual Montessori Academy Inc?

Spring Bilingual Montessori Academy Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.spring-bilingual.org

Learn more at the official website: www.spring-bilingual.org

Mission Statement of Spring Bilingual Montessori Academy Inc

Spring Bilingual Montessori Academy (SBMA) is committed to establishing an educational setting that fosters the natural curiosity and desire for knowledge within each student. By creating such an environment, the academy aims to inspire and encourage learning, allowing students to fully explore their intellectual potential.

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Impact




July, 2024

Spring Bilingual Montessori Academy Inc's impact lies in providing a unique educational experience for preschool-aged children in Kensington, MD. By offering bilingual Montessori education, SBMA fosters an environment where students are encouraged to explore their innate curiosity and passion for learning. This approach not only cultivates academic skills but also supports the development of important life skills, such as independence, critical thinking, and cultural awareness. Through its mission, SBMA is shaping young minds and preparing them for future success in a globalized world.




This information is meant to be a general summary of Spring Bilingual 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.

Revenue
$1,209,834 (2022)
201120122013201420152016201720182019202020212022$0$350k$700k$1.05M$1.4M
Expenses
$1,000,586 (2022)
201120122013201420152016201720182019202020212022$0$300k$600k$900k$1.2M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%74%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $71
  • Gross Receipts: $840,759

Assets and Liabilities:

  • Total Assets: $2,815,926
  • Total Liabilities: $1,154,736
  • Net Assets: $1,661,190

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Organization Details

Founding Year

1969

Principal Officer

Harvey Beckham

Main Address

3514 PLYERS MILL ROAD, Kensington, MD, 20895

NTEE Category

Code: B280 - Education

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