Montessori Elementary School FY2021 filing

Tax-deductible

Lemont, IL501(c)(3)EIN 36-3043306Revenue $1.2M in FY2021

On file with the IRSlemontmontessori.com16427 135th St, 60439-4743 · Lemont, ILTax-exempt since 0000School — 170(b)(1)(A)(ii)

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Montessori Elementary & preschool

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$178K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $243K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $260
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.1M
To programs
78%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$1.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.4M
FY2023$1.6M
FY2024$1.6M
FY2025$1.6M
Expenses
$1.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.4M
Net assets
$1.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.0M
FY2022$1.3M
FY2023$1.7M
FY2024$2.0M
FY2025$2.2M

From the FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $867K Management & general 21% · $238K Fundraising 1% · $13K

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

7 people listed on the 990; $178K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$74,624Pt VII · Sec A
Director
$52,000Pt VII · Sec A
$51,046Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Therese Colby$102,691$99,700$92,665$85,952$74,624
James Hilgenbrink$57,942$56,254$53,575$51,889$51,046
Norine Colby$36,760$35,690$33,990$44,863$52,000

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children using the Montessori method for early learning and elementary school.

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Provided by the organization

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1 program · $867K · in their own filed words · FY2020
01

The school provided preschool and elementary school services to 107 children during the 2020-2021 school YEAR.IT is the mission of the montessori elementary school of southwest cook county to provide for the physical, intellectual, emotional and spiritual education of children ages 3-15 years following the methods and philosophy of DR…

$867Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$260

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$141K
Gifts and grantsLn 1h$26K
Money outPt IX
$1.1M
Ln 25
Programscol B$867K
Managementcol C$238K
Fundraisingcol D$13K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$867
Other incomeLn 4–11$141K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.8M
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 522
VolunteersI 620
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.0M
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$3.0M$2.8M
LiabilitiesLn 26$2.0M$1.8M
Net assetsLn 32$961K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$179K$52K$120K$7K
Other salaries and wagesLn 7$447K$447K
Payroll taxesLn 10$94K$75K$18K$1K
Management feesLn 11a$12K$12K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$38K$34K$4K$215
Information technologyLn 14$7K$6K$1K$85
OccupancyLn 16$87K$70K$17K$1K
TravelLn 17$212$212
InterestLn 20$76K$61K$15K$874
Depreciation, depletion and amortizationLn 22$108K$86K$21K$1K
InsuranceLn 23$10K$8K$2K$117
Other expenses (24a–d)Ln 24$18K$16K$1K
Total functional expensesLn 25$1.1M$867K$238K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.4M$208K$2.2M 990 PDF
FY2024 $1.6M$1.3M$311K$2.0M 990 PDF
FY2023 $1.6M$1.2M$361K$1.7M 990 PDF
FY2022 $1.4M$1.2M$276K$1.3M 990 PDF
FY2021 Viewing $1.2M$1.1M$61K$1.0M 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 FY2021 990 (6 parts)
Part I · Summary $1,178,760 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,768$26,258
I-9 Program service revenuePrior year $1,007,930$1,010,928
I-10 Investment incomePrior year $4,768$867
I-11 Other revenuePrior year $953$140,707
I-12 Total revenuePrior year $1,032,419$1,178,760
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $661,361$719,866
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $345,204$398,254
I-18 Total expensesPrior year $1,006,565$1,118,120
I-19 Revenue less expensesPrior year $25,854$60,640
Part VI · Governance 4 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,178,760 across 8 lines filed
VIII-1c Fundraising events$6,445
VIII-1f All other contributions, gifts and grants$19,813
VIII-1h Total contributions, gifts and grants$26,258
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,010,928$1,010,928
VIII-3 Investment incomeRelated to mission $867$867
VIII-8 Net income from fundraising eventsExcluded from tax $13,007$13,007
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $127,700$127,700
VIII-12 Total revenueRelated to mission $1,139,495 · Unrelated business $0 · Excluded from tax $13,007$1,178,760
Part IX · Statement of functional expenses $1,118,120 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,000 · Management $119,631 · Fundraising $7,197$178,828
IX-7 Other salaries and wagesPrograms $447,126$447,126
IX-10 Payroll taxesPrograms $74,884 · Management $17,948 · Fundraising $1,080$93,912
IX-11a Management feesPrograms $12,109$12,109
IX-11b Legal feesManagement $18,086$18,086
IX-11c Accounting feesManagement $7,420$7,420
IX-11g Other fees for servicesManagement $12,401$12,401
IX-12 Advertising and promotionManagement $4,144$4,144
IX-13 Office expensesPrograms $33,769 · Management $3,585 · Fundraising $215$37,569
IX-14 Information technologyPrograms $5,896 · Management $1,413 · Fundraising $85$7,394
IX-16 OccupancyPrograms $69,654 · Management $16,695 · Fundraising $1,004$87,353
IX-17 TravelPrograms $212$212
IX-20 InterestPrograms $60,640 · Management $14,535 · Fundraising $874$76,049
IX-22 Depreciation, depletion and amortizationPrograms $85,970 · Management $20,605 · Fundraising $1,240$107,815
IX-23 InsurancePrograms $8,089 · Management $1,938 · Fundraising $117$10,144
IX-24 Other expenses (24a–d)Programs $16,248 · Fundraising $1,310$17,558
IX-25 Total functional expensesPrograms $866,597 · Management $238,401 · Fundraising $13,122$1,118,120
Part X · Balance sheet $2,841,693 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,086,471$1,017,396
X-10c Land, buildings and equipment, netStart of year $1,886,917$1,824,297
X-16 Total assetsStart of year $2,973,618$2,841,693
X-17 Accounts payable and accrued expensesStart of year $358,068$257,708
X-26 Total liabilitiesStart of year $2,012,480$1,819,915
X-27 Net assets without donor restrictionsStart of year $604,043$619,947
X-28 Net assets with donor restrictionsStart of year $357,095$401,831
X-32 Total net assets or fund balancesStart of year $961,138$1,021,778
X-33 Total liabilities and net assetsStart of year $2,973,618$2,841,693
Part XI · Reconciliation of net assets $1,021,778 net assets at year end
XI-1 Total revenue$1,178,760
XI-2 Total expenses$1,118,120
XI-3 Revenue less expenses$60,640
XI-4 Net assets at start of year$961,138
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,021,778

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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