Gloucester Montessori School

Gloucester, VA · Public charity (501(c)(3)) · Since 1990 · Education

✓ Tax-deductible
Revenue
$444K
-3% vs prior year
Spent
$457K
To programs
71%
Net assets
$283K
By yearFY2020–FY2024
Revenue
$444K
FY2024▼ -3%
Revenue by fiscal year
FY2020$396K
FY2021$362K
FY2022$597K
FY2023$447K
FY2024$455K
FY2024$444K
Expenses
$457K
FY2024-0.5%
Expenses by fiscal year
FY2020$392K
FY2021$356K
FY2022$450K
FY2023$485K
FY2024$460K
FY2024$457K
Net assets
$283K
FY2024▼ -5%
Net assets by fiscal year
FY2020$186K
FY2021$192K
FY2022$339K
FY2023$301K
FY2024$297K
FY2024$283K

From the FY2024 Form 990 · 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?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CGloucester Montessori School
EINHdr · item D54-1507679
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1990
Year of formationHdr · item L1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGloucester, VA
NTEE classificationIRS BMFEducation (B21Z)

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 $0.71 Management & general $0.29
Program services71%$324K
Management & general29%$134K
Total functional expensesLn 25$457K

Financial health

Is it on solid ground?

Program efficiency
71%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -223% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$627K
FY2024▼ -5%
Total assets by fiscal year
FY2020$639K
FY2021$561K
FY2022$722K
FY2023$701K
FY2024$659K
FY2024$627K
Total liabilities
$343K
FY2024▼ -5%
Total liabilities by fiscal year
FY2020$454K
FY2021$369K
FY2022$383K
FY2023$400K
FY2024$362K
FY2024$343K
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$627K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$269K
Total assetsLn 16$627K
Total liabilitiesLn 26$343K
Total net assetsLn 32$283K
Months of cash on handcomputed7.1

Statement of Revenue

Part VIII
Program service revenue$425K · 96%
Contributions & grants$17K · 4%
Program service revenue96%$425K
Contributions & grants4%$17K
Investment income$1K
Total revenueLn 12$444K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $277K · Operating expenses/yr $457K
7.3 months
Where the money goes
Program services
Program services $324K · Total expenses $457K
71%
Management & General
Management & general $134K · Total expenses $457K
29%
Fundraising
Fundraising $0 · Total expenses $457K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $444K
4%
Government reliance
Government grants — · Total revenue $444K
—
Earned-income share
Program service revenue $425K · Total revenue $444K
96%
Investment reliance
Investment income $1K · Total revenue $444K
+0.3%
Program self-sufficiency
Program service revenue $425K · Total expenses $457K
93%
Growth & trend
Revenue growth (YoY)
This year $444K · Prior year $455K
-3%
Revenue CAGR
FY2019 $396K · FY2024 $444K
+2%
Net-asset trend (YoY)
End of year $283K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $444K · Expenses $457K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $627K
—
Net-asset ratio
Net assets $283K · Total assets $627K
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $627K
1%
People & payroll
Highest Reported Total Compensation
Individual Heather Altrath · Reported title Chairman · Highest reported compensation $0 · Total expenses $457K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $340K · Total expenses $457K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Revenue growth -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
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates children aged two to twelve.

Provided by the organization

This section is blank until Gloucester Montessori School claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $324K of program spending, described in the organization's own filed words · FY2024.
01

The school educates from preschool to 6th grade using montessori methods and montessori materials.

$324Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$175

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $455K$460K+2% 990 PDF
FY2023 $447K$485K-25% 990 PDF
FY2022 $597K$450K+65% 990 PDF
FY2021 $362K$356K-9% 990 PDF
FY2020 $396K$392K 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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