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Montessori Academy Incorporated

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

EIN: 621216240 ✦ Brentwood, TN ✦ Designated as a 501(c)(3)

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Overview

What is Montessori Academy Incorporated?

Montessori Academy Incorporated is a nonprofit organization situated in Brentwood, Tennessee, and Clarksville, Tennessee. Their mission is to educate children from toddler age to high school grade 12, adhering to the Montessori method as upheld by the American Montessori Society. The organization operates two schools that follow this philosophy, providing a comprehensive learning environment for children. With a workforce of 102 individuals, Montessori Academy Incorporated is dedicated to nurturing the intellectual and personal growth of its students.


Official website here: www.montessoriacad.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.

Montessori Academy Incorporated has received a 73% rating from Charity Navigator, which indicates a moderate level of accountability and financial health. The organization boasts a fully independent board, which is an important strength as it ensures unbiased governance. Additionally, it has shown a strong commitment to fiscal responsibility with a high program expense ratio of 93.72%, reflecting that the majority of its expenditures are directed towards its programs rather than administrative costs.

Despite its strengths in governance and program spending, the organization faces challenges in financial transparency, as it does not provide financial statements, resulting in a significant deduction in its rating. This lack of financial disclosure can hinder potential donors from fully understanding the organization’s financial practices. Furthermore, while the liabilities to assets ratio is relatively stable at 60.68%, it indicates that the organization may be operating with a considerable level of debt.

Overall, while Montessori Academy Incorporated demonstrates solid governance practices, the absence of detailed financial statements and a moderate rating suggests that potential supporters may want to seek additional information before contributing.


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

Is Montessori Academy Incorporated legitimate?

Montessori Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montessori Academy Incorporated 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: $3,301,776

For more financial information, click here


Official website here: www.montessoriacad.org

What is the mission statement of Montessori Academy Incorporated?

Montessori Academy Incorporated is committed to providing education for children from toddler age to twelfth grade, adhering to the Montessori philosophy as advocated by the American Montessori Society. Their mission is to create an educational environment that fosters the holistic development of each child, promoting independence, creativity, and a love for learning. By implementing the Montessori method, the academy aims to empower students to become self-directed learners, fostering their intellectual, social, and emotional growth. Montessori Academy Incorporated strives to cultivate a nurturing and supportive learning environment, where each child can thrive and reach their full potential.


Official website here: www.montessoriacad.org

Who is the CEO of Montessori Academy Incorporated?

Yolanda Greene-Banker is the Treasurer of Montessori Academy Incorporated.


Official website here: www.montessoriacad.org

What is the revenue of Montessori Academy Incorporated?

Montessori Academy Incorporated's revenue in 2023 was $5,829,511.


Official website here: www.montessoriacad.org

Who are the executives of Montessori Academy Incorporated and what are their salaries?

The average compensation at Montessori Academy Incorporated during 2023 was $32,370. There are 102 employees at Montessori Academy Incorporated.


Here are 5 key members and their salaries:


Genie Wright (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marynet King (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Rudolph (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yolanda Greene-Banker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Bartelt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.montessoriacad.org

Where can I find the form 990 for Montessori Academy Incorporated?

Montessori Academy Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.montessoriacad.org

Learn more at the official website: www.montessoriacad.org

Mission Statement of Montessori Academy Incorporated

Montessori Academy Incorporated is committed to educating children from toddler age to twelfth grade, adhering to the Montessori philosophy as advocated by the American Montessori Society. The organization operates two schools, located in Brentwood and Clarksville, Tennessee, with a focus on providing an educational environment that aligns with this philosophy. Montessori Academy Incorporated's mission is to cultivate a learning environment that fosters the holistic development of each child, promoting their intellectual, social, and emotional growth. The educational approach adopted by the academy encourages self-directed learning and independence, allowing children to develop at their own pace and in their unique ways.

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Impact




July, 2024

Montessori Academy Incorporated's impact is felt through its dedication to providing a high-quality education based on the Montessori philosophy to children from toddlers through 12th grade. By maintaining schools in Brentwood and Clarksville, Tennessee, the organization is able to reach and positively influence a wide range of students. Through their commitment to the Montessori Method, Montessori Academy Incorporated helps children develop independence, critical thinking skills, and a love for learning that will benefit them for a lifetime. Their focus on holistic education fosters creativity, curiosity, and a sense of community among students, preparing them to become well-rounded individuals capable of making a positive impact in the world.




This information is meant to be a general summary of Montessori Academy Incorporated. 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
$5,829,511 (2023)
Expenses
$4,794,174 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,439
  • Program Service Revenue: $5,098,366
  • Gross Receipts: $5,829,511

Assets and Liabilities:

  • Total Assets: $9,594,465
  • Total Liabilities: $5,822,455
  • Net Assets: $3,772,010

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition and Fees

Revenue

$5,098,366

Organization Details

Founding Year

1986

Principal Officer

Yolanda Greene-Banker

Main Address

100 Montessori Dr, Brentwood, TN, 37027

NTEE Category

Code: B21Z - Education

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