Civic Intelligence

Threshold Montessori School

990 • Fiscal year 2020 • EIN 04-3636964

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

Organization Profile
581 EllsworthMemphis, TN 38111

(901) 363-1544

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.31x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.19x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

84th percentile

71%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

2.3%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$227,627

Up $94,811 (+71%) from 2019

Net Assets

Up

$156,672

Up $40,867 (+35%) from 2019

Liabilities

Up

$70,955

Up $53,944 (+317%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin58th percentile

Revenue

Up

$382,722

Up $8,498 (+2.3%) from 2019

Expenses

Down

$341,855

Down $3,176 (-0.9%) from 2019

Net Income

Up

$40,867

Up $11,674 (+40%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $13,034Liabilities 2010: $12,577Net Assets 2010: $4572010Assets 2011: $15,742Liabilities 2011: $14,377Net Assets 2011: $1,3652011Assets 2012: $15,539Liabilities 2012: $14,970Net Assets 2012: $5692012Assets 2013: $25,744Liabilities 2013: $25,368Net Assets 2013: $3762013Assets 2014: $53,234Liabilities 2014: $22,191Net Assets 2014: $31,0432014Assets 2015: $70,010Liabilities 2015: $18,135Net Assets 2015: $51,8752015Assets 2016: $81,845Liabilities 2016: $18,348Net Assets 2016: $63,4972016Assets 2017: $84,212Liabilities 2017: $23,658Net Assets 2017: $60,5542017Assets 2018: $100,579Liabilities 2018: $14,534Net Assets 2018: $86,0452018Assets 2019: $132,816Liabilities 2019: $17,011Net Assets 2019: $115,8052019Assets 2020: $227,627Liabilities 2020: $70,955Net Assets 2020: $156,6722020Assets 2021: $260,787Liabilities 2021: $23,948Net Assets 2021: $236,8392021Assets 2022: $349,030Liabilities 2022: $12,377Net Assets 2022: $336,6532022Assets 2023: $441,508Liabilities 2023: $0Net Assets 2023: $441,5082023Assets 2024: $407,089Liabilities 2024: $0Net Assets 2024: $407,0892024

Highlighted filing

2020

Assets$227,627
Liabilities$70,955
Net Assets$156,672
Open 2020 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $215,5122010Revenue 2011: $186,456Expenses 2011: $185,548Net Income 2011: $9082011Revenue 2012: $186,169Expenses 2012: $186,965Net Income 2012: -$7962012Revenue 2013: $277,277Expenses 2013: $277,471Net Income 2013: -$1942013Revenue 2014: $263,470Expenses 2014: $234,201Net Income 2014: $29,2692014Revenue 2015: $243,808Expenses 2015: $222,976Net Income 2015: $20,8322015Revenue 2016: $265,561Expenses 2016: $253,939Net Income 2016: $11,6222016Revenue 2017: $291,220Expenses 2017: $294,163Net Income 2017: -$2,9432017Revenue 2018: $336,656Expenses 2018: $311,165Net Income 2018: $25,4912018Revenue 2019: $374,224Expenses 2019: $345,031Net Income 2019: $29,1932019Revenue 2020: $382,722Expenses 2020: $341,855Net Income 2020: $40,8672020Revenue 2021: $423,155Expenses 2021: $394,089Net Income 2021: $29,0662021Revenue 2022: $449,236Expenses 2022: $349,065Net Income 2022: $100,1712022Revenue 2023: $501,847Expenses 2023: $373,346Net Income 2023: $128,5012023Revenue 2024: $363,613Expenses 2024: $399,234Net Income 2024: -$35,6212024

Highlighted filing

2020

Revenue$382,722
Expenses$341,855
Net Income$40,867
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$382,722
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$114,220$208,318▲ $94,098
Land, Buildings, and Equipment, Net$14,281$14,966▲ $685
Other Notes and Loans Receivable, Net$4,010$4,038▲ $28
Prepaid Expenses and Deferred Charges$305$305→ $0
Total Assets$132,816$227,627▲ $94,811
Liabilities
Accounts Payable and Accrued Expenses$17,011$70,955▲ $53,944
Total Liabilities$17,011$70,955▲ $53,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,805$156,672▲ $40,867
Total Net Assets Fund Balance$115,805$156,672▲ $40,867
Total Liabilities and Net Assets / Fund Balance$132,816$227,627▲ $94,811

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,966-$14,966
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Patty FerrarExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$382,722
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$40,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$259,578
Other Expenses$82,277
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,023--$173,023
Current Officers, Directors, Trustees, and Key Employees-$66,720-$66,720
All Other Expenses$27,272$6,532-$33,804
Occupancy$21,500--$21,500
Payroll Taxes$14,689$5,146-$19,835
Fees for Services Accounting-$4,700-$4,700
Office Expenses$4,097--$4,097
Advertising$3,994--$3,994
Insurance$2,620--$2,620
Other Expenses$1,291$221-$1,291
Travel-$231-$231
Total Functional Expenses$257,236$84,619$0$341,855
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Governing body generelly leaves matter of filing the 990 to the director. Their understanding of such matters are minimal.”

Conflict of interest policy compliance Part VI line 12C

“Based on the honor system, all members are asked to reveal any activity that may jeopardize their position in conflicting with the mission and goals of the organization.”

Governing documents etc available to public Part VI line 19

“Form 990 is available at our accoutants office anytime for anyone to review.”

Filing and Contact Details

Filer

Filer Name
Threshold Montessori School
EIN
04-3636964
Address
581 ELLSWORTH, Memphis, TN 38111

Signing Officer

Name
Patty Ferrara
Title
Director
Phone
9013274980
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
1

Preparer

Firm
James Wright CPA LLC
Address
2868 SUMMER OAKS DR, Memphis, TN 38134
Preparer
James Wright CPA
Phone
9013631544
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“See 990 OVERFLOW STATEMENT - 990 Part IX, line 24e / $37,869.”

Raw XML Appendix306 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810976289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES WRIGHT CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02868 SUMMER OAKS DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Memphis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038134
ReturnHeader/PreparerPersonGrp/PhoneNum09013631544
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES WRIGHT CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-14T14:42:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PATTY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FERRARA
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,627
Liabilities
$70,955
Net assets
$156,672
Revenue
$382,722
Expenses
$341,855
Net income
$40,867
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$3.64$3.99$0.36
2023Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$5.02$3.73$1.29
2022Detailed filing. Detailed filing data is available for this year.$3.49$0.12$3.37$4.49$3.49$1.00
2021Detailed filing. Detailed filing data is available for this year.$2.61$0.24$2.37$4.23$3.94$0.29
2020Detailed filing. Detailed filing data is available for this year.$2.28$0.71$1.57$3.83$3.42$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.17$1.16$3.74$3.45$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.15$0.86$3.37$3.11$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.24$0.61$2.91$2.94$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.18$0.63$2.66$2.54$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.18$0.52$2.44$2.23$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.22$0.31$2.63$2.34$0.29
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.25$0.00$2.77$2.77$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.15$0.01$1.86$1.87$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.14$0.01$1.86$1.86$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.13$0.00$2.16