Threshold Montessori School FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)Human ServicesEIN 04-3636964Revenue $383K in FY2020

On file with the IRS581 Ellsworth St, 38111-4331 · Memphis, TNTax-exempt since Mar 2003Publicly supported — 509(a)(2)

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To foster an open environment that emphasizes natural learning interests and allows children to set his or her own developmental pace.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $53K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$71K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$383K
Spent
$342K
To programs
75%
Net assets
$157K
By yearFY2020–FY2024
Revenue
$383K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$383K
FY2021$423K
FY2022$449K
FY2023$502K
FY2024$364K
Expenses
$342K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$342K
FY2021$394K
FY2022$349K
FY2023$373K
FY2024$399K
Net assets
$157K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$157K
FY2021$237K
FY2022$337K
FY2023$442K
FY2024$407K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $257K Management & general 25% · $85K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A

Patty Ferrar’s $86K as Executive Director is at the 77th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2021
Patty Ferrar$85,800$68,760

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Threshold Montessori School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Encourages children's natural learning and self-paced development in an open environment.

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Provided by the organization

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1 program · $257K · in their own filed words · FY2020
01

The montessori training method is a unique, open environment that emphasizes natural interests and allows that child to set his or her own developmental pace.

$257Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$383K
Ln 12
Fees for servicesLn 2g$383K
Money outPt IX
$342K
Ln 25
Programscol B$257K
Managementcol C$85K
Owns and owesPt X
$157K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$228K
LiabilitiesLn 26$71K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$383K
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$228K
LiabilitiesLn 26$71K
Net assetsLn 32$157K
OperationsPt I, VI
EmployeesI 513
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$114K$208K
Land, buildings, equipmentLn 10c$14K$15K
Total assetsLn 16$133K$228K
LiabilitiesLn 26$17K$71K
Net assetsLn 32$116K$157K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$67K
Other salaries and wagesLn 7$173K$173K
Payroll taxesLn 10$20K$15K$5K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$4K$4K
OccupancyLn 16$22K$22K
TravelLn 17$231$231
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$11K$10K$1K
All other expensesLn 24e$34K$27K$7K
Total functional expensesLn 25$342K$257K$85K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $364K$399K−$36K$407K 990 PDF
FY2023 $502K$373K$129K$442K 990 PDF
FY2022 $449K$349K$100K$337K 990 PDF
FY2021 $423K$394K$29K$237K 990 PDF
FY2020 Viewing $383K$342K$41K$157K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $382,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,201$0
I-9 Program service revenuePrior year $330,830$382,722
I-10 Investment income$0
I-11 Other revenuePrior year $193$0
I-12 Total revenuePrior year $374,224$382,722
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $268,046$259,578
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,985$82,277
I-18 Total expensesPrior year $345,031$341,855
I-19 Revenue less expensesPrior year $29,193$40,867
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $382,722 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $382,722$382,722
VIII-12 Total revenueRelated to mission $382,722 · Unrelated business $0 · Excluded from tax $0$382,722
Part IX · Statement of functional expenses $341,855 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $66,720$66,720
IX-7 Other salaries and wagesPrograms $173,023$173,023
IX-10 Payroll taxesPrograms $14,689 · Management $5,146$19,835
IX-11c Accounting feesManagement $4,700$4,700
IX-12 Advertising and promotionPrograms $3,994$3,994
IX-13 Office expensesPrograms $4,097$4,097
IX-16 OccupancyPrograms $21,500$21,500
IX-17 TravelManagement $231$231
IX-23 InsurancePrograms $2,620$2,620
IX-24 Other expenses (24a–d)Programs $10,041 · Management $1,290$11,331
IX-24e All other expensesPrograms $27,272 · Management $6,532$33,804
IX-25 Total functional expensesPrograms $257,236 · Management $84,619 · Fundraising $0$341,855
Part X · Balance sheet $227,627 assets, 9 lines filed
Asset lines not itemized here account for $4,038; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $114,220$208,318
X-9 Prepaid expenses and deferred chargesStart of year $305$305
X-10c Land, buildings and equipment, netStart of year $14,281$14,966
X-16 Total assetsStart of year $132,816$227,627
X-17 Accounts payable and accrued expensesStart of year $17,011$70,955
X-26 Total liabilitiesStart of year $17,011$70,955
X-27 Net assets without donor restrictionsStart of year $115,805$156,672
X-32 Total net assets or fund balancesStart of year $115,805$156,672
X-33 Total liabilities and net assetsStart of year $132,816$227,627
Part XI · Reconciliation of net assets $156,672 net assets at year end
XI-1 Total revenue$382,722
XI-2 Total expenses$341,855
XI-3 Revenue less expenses$40,867
XI-4 Net assets at start of year$115,805
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$156,672

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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