Abintra Montessori School
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| abintra elementary school irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,276,262.00 | $1,829,591.00 | |
| Total Expenses | $2,031,554.00 | $1,873,709.00 | |
| Revenue Less Expenses | ($-0.00) | $244,708.00 | ($44,118.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $273,070.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $246,820.00 | |
| Contributions, Gifts, and Grants | $109,827.00 | $30,650.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $1,852,138.00 | $1,559,105.00 | |
| Investment Income, Net of Losses | $41,227.00 | $-6,984.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,732,587.00 | $1,612,054.00 | |
| Administration Expense | $296,057.00 | $258,311.00 | |
| Fundraising Expense | $2,910.00 | $3,344.00 | |
| Total Revenue/Total Expenses | 112% | 98% | |
| Program Expense/Total Expenses | 85% | 86% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $1,852,138.00 | Program Revenue $1,559,105.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $237,070.00 | Government Grants $246,820.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $109,827.00 | Contributions, Gifts, and Grants $30,650.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,209,776.00 | $5,158,401.00 | |
| Current Assets | $2,739,668.00 | $2,545,859.00 | |
| Long-Term Liabilities | $0.00 | $397,004.00 | |
| Current Liabilities | $2,277,899.00 | $2,472,372.00 | |
| Total Net Assets | $2,931,877.00 | $2,686,029.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$250,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| In reviewing our 'endowment,' the Board of Trustees discovered that our invested savings were not truly not an endowment by legal definition. However, these funds are used to support faculty salaries for inclusion support (allowing acceptance of students with varying learning profiles) and elementary educators. Abintra recently changed accounting firms. Form 990 and year-end financials are being prepared for February 15 submission. |
Foundation Staff Comments
| Financial data taken from organization's Form 990. Foundation and corporate grants may be included in Individual Contribution sum as these amounts are not separated in Form 990. Documents completed by Kraft CPAs, PLLC. Comment provided by Hayley Sulfridge 1/31/23. |
