The Montessori Network

Chicago, IL · Public charity (501(c)(3)) · Since 2010 · Education

✓ Tax-deductible
Revenue
$7.4M
+7% vs prior year
Spent
$8.1M
To programs
88%
Net assets
−$367K
By yearFY2020–FY2025
Revenue
$7.4M
FY2025▲ +7%
Revenue by fiscal year
FY2020$5.0M
FY2021$5.4M
FY2022$5.6M
FY2023$6.0M
FY2024$6.9M
FY2025$7.4M
Expenses
$8.1M
FY2025-0.3%
Expenses by fiscal year
FY2020$4.8M
FY2021$5.4M
FY2022$5.5M
FY2023$5.9M
FY2024$8.1M
FY2025$8.1M
Net assets
−$367K
FY2025▼ -212%
Net assets by fiscal year
FY2020$500K
FY2021$453K
FY2022$573K
FY2023$1.5M
FY2024$328K
FY2025−$367K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2012-12-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CThe Montessori Network
EINHdr · item D27-2803775
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2013
Year of formationHdr · item L2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFEducation (B29)
WebsiteHdr · item Jwww.tmsoe.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.02
Program services88%$7.1M
Management & general9%$735K
Fundraising2%$199K
Total functional expensesLn 25$8.1M

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +44% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$924K
FY2025▼ -8%
Total assets by fiscal year
FY2020$1.4M
FY2021$895K
FY2022$1.3M
FY2023$1.9M
FY2024$1.0M
FY2025$924K
Total liabilities
$1.3M
FY2025▲ +91%
Total liabilities by fiscal year
FY2020$942K
FY2021$442K
FY2022$701K
FY2023$429K
FY2024$676K
FY2025$1.3M
Revenue less expensesPt I · Ln 19−$696K
Total assetsPt X · Ln 16$924K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$924K
Total liabilitiesLn 26$1.3M
Total net assetsLn 32−$367K
Months of cash on handcomputed0.5

Statement of Revenue

Part VIII
Contributions & grants100%$7.4M
Other revenue$21K
— government grantsLn 1e$6.9M
Total revenueLn 12$7.4M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $344K · Operating expenses/yr $8.1M
0.5 months
Where the money goes
Program services
Program services $7.1M · Total expenses $8.1M
88%
Management & General
Management & general $735K · Total expenses $8.1M
9%
Fundraising
Fundraising $199K · Total expenses $8.1M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $115K · Solicited contributions (3-yr avg) $331K
$0.35 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.4M · Total revenue $7.4M
100%
Government reliance
Government grants $6.9M · Total revenue $7.4M
94%
Earned-income share
Program service revenue $0 · Total revenue $7.4M
0%
Investment reliance
Investment income $0 · Total revenue $7.4M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $8.1M
0%
Growth & trend
Revenue growth (YoY)
This year $7.4M · Prior year $6.9M
+7%
Revenue CAGR
FY2019 $5.0M · FY2024 $7.4M
+8%
Net-asset trend (YoY)
End of year −$367K · Beginning of year $328K
-212%
Balance sheet
Surplus Margin
Revenue $7.4M · Expenses $8.1M
-9%
Liabilities-to-Assets
Total liabilities $1.3M · Total assets $924K
140%
Net-asset ratio
Net assets −$367K · Total assets $924K
-40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $924K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rita Nolan · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $143K · Total expenses $8.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.5M · Total expenses $8.1M
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 9%——
Fundraising cost ratio 3%——
Revenue growth 7%——
Legal fee ratio 0.05%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$143,471Pt VII · Sec A
Chief Operating Offi Cer
$123,919Pt VII · Sec A
Academic Director
$120,075Pt VII · Sec A
Director of Bilingual and Multi-Tiered Systems
$101,757Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Rita Nolan’s $143K as Executive Director is at the 61st percentile of top reported officer pay among 3394 $1–10M education 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rita Nolan$143,471$144,835$126,942$124,316$122,433$121,031
Margaret Mikuzis$123,919—————
Stephanie Marie Toon$120,075$109,545————
Latonia R Wells———$110,714——
Felicia Lang$101,757—————

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 The Montessori Network executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters a trusting community for lifelong growth using minds, hearts, and hands.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $7.1M of program spending, described in the organization's own filed words · FY2024.
01

The montessori school of englewood is a chicago public charter elementary school that opened in august 2012 and has since grown to include students from preschool through eighth grade. Located in the west englewood community, the school served early childhood students and charter students in kindergarten through eighth grade.

$7.1Mprogram expense

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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
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $7.4M$8.1M+7% 990 PDF
FY2024 $6.9M$8.1M+15% 990 PDF
FY2023 $6.0M$5.9M+7% 990 PDF
FY2022 $5.6M$5.5M+5% 990 PDF
FY2021 $5.4M$5.4M+8% 990 PDF
FY2020 $5.0M$4.8M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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