Civic Intelligence

Mosaic Montessori Academy Inc

EIN 06-1794419 • 501(c)3 • River Forest, IL

Profile

Mosaic Montessori Academys mission is to provide the community with a quality and nurturing early childhood educational program, anchored by the fundamentals of the Montessori philosophy and methodology.

7970 W Lake StRiver Forest, IL 60305
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.02x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.01x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

55th percentile

6.9%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.1%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$600,441

Up $50,255 (+9.1%) from 2023

Liabilities

Down

$11,188

Down $8,893 (-44%) from 2023

Net Assets

Up

$589,253

Up $59,148 (+11%) from 2023

Revenue

Down

$797,099

Down $196,106 (-20%) from 2023

Expenses

Up

$742,226

Up $32,532 (+4.6%) from 2023

Net Income

Down

$54,873

Down $228,638 (-81%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $75,387Liabilities 2011: $0Net Assets 2011: $75,3872011Assets 2012: $57,838Liabilities 2012: $0Net Assets 2012: $57,8382012Assets 2013: $14,609Liabilities 2013: $0Net Assets 2013: $14,6092013Assets 2014: $31,899Liabilities 2014: $0Net Assets 2014: $31,8992014Assets 2015: $14,445Liabilities 2015: $1,603Net Assets 2015: $12,8422015Assets 2016: $38,189Liabilities 2016: $0Net Assets 2016: $38,1892016Assets 2017: $44,608Liabilities 2017: $0Net Assets 2017: $44,6082017Assets 2018: $28,813Liabilities 2018: $17,702Net Assets 2018: $11,1112018Assets 2019: $51,414Liabilities 2019: $7,101Net Assets 2019: $44,3132019Assets 2021: $199,624Liabilities 2021: $147,128Net Assets 2021: $52,4962021Assets 2022: $334,467Liabilities 2022: $87,873Net Assets 2022: $246,5942022Assets 2023: $550,186Liabilities 2023: $20,081Net Assets 2023: $530,1052023Assets 2024: $600,441Liabilities 2024: $11,188Net Assets 2024: $589,2532024

Highlighted filing

2024

Assets$600,441
Liabilities$11,188
Net Assets$589,253

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $254,5902011Expenses 2012: $263,7712012Revenue 2013: $245,372Expenses 2013: $288,601Net Income 2013: -$43,2292013Revenue 2014: $274,627Expenses 2014: $257,337Net Income 2014: $17,2902014Revenue 2015: $240,393Expenses 2015: $259,450Net Income 2015: -$19,0572015Revenue 2016: $304,576Expenses 2016: $280,832Net Income 2016: $23,7442016Revenue 2017: $311,170Expenses 2017: $299,279Net Income 2017: $11,8912017Revenue 2018: $269,142Expenses 2018: $301,653Net Income 2018: -$32,5112018Revenue 2019: $344,452Expenses 2019: $311,251Net Income 2019: $33,2012019Revenue 2021: $416,135Expenses 2021: $434,800Net Income 2021: -$18,6652021Revenue 2022: $797,683Expenses 2022: $603,585Net Income 2022: $194,0982022Revenue 2023: $993,205Expenses 2023: $709,694Net Income 2023: $283,5112023Revenue 2024: $797,099Expenses 2024: $742,226Net Income 2024: $54,8732024

Highlighted filing

2024

Revenue$797,099
Expenses$742,226
Net Income$54,873

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$0.11$5.89$7.97$7.42$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.50$0.20$5.30$9.93$7.10$2.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$0.88$2.47$7.98$6.04$1.94
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$1.47$0.52$4.16$4.35$0.19
2019Summary only. Only limited summary data is available for this year.$0.51$0.07$0.44$3.44$3.11$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.18$0.11$2.69$3.02$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$3.11$2.99$0.12
2016Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$3.05$2.81$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.13$2.40$2.59$0.19
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.32$0.00$0.32$2.75$2.57$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$2.45$2.89$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$2.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.00$0.75$2.55
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$993,205
Mission and Program Overview

Mission

Mosaic Montessori Academys mission is to provide the community with a quality and nurturing early childhood educational program, anchored by the fundamentals of the Montessori philosophy and methodology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$294,576$501,585▲ $207,009
Land, Buildings, and Equipment, Net$27,225$31,169▲ $3,944
Receivables From Officers Etc$10,083$10,083→ $0
Cash and Non-Interest-Bearing Accounts$2,583$7,349▲ $4,766
Total Assets$334,467$550,186▲ $215,719
Liabilities
Other Liabilities$87,873--
Accounts Payable and Accrued Expenses-$20,081-
Total Liabilities$87,873$20,081▼ $67,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$246,594$530,105▲ $283,511
Total Net Assets Fund Balance$246,594$530,105▲ $283,511
Total Liabilities and Net Assets / Fund Balance$334,467$550,186▲ $215,719

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$29,502$11,621$41,123
Other Land Buildings$1,667$6,729$8,396
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$993,146
Investment Income
$59
Other Revenue
$0
Change in Net Assets
$283,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$496,173
Other Expenses$213,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$347,459--$347,459
Office Expenses$123,862--$123,862
Current Officers, Directors, Trustees, and Key Employees$96,960--$96,960
Occupancy$45,820--$45,820
Payroll Taxes$35,003--$35,003
Fees for Services Other$22,992--$22,992
Other Employee Benefits$16,751--$16,751
Conferences and Meetings$4,897--$4,897
Other Expenses$4,406--$4,406
Fees for Services Accounting$3,838--$3,838
Depreciation Depletion$2,991--$2,991
Insurance$1,579--$1,579
Advertising$1,260--$1,260
Fees for Services Legal$1,056--$1,056
Total Functional Expenses$709,694$0$0$709,694
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$10,083$10,083→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Chase credit card-
Citibank Costco credit card-
SBA PPP loan proceeds-1st round-
SBA PPP loan proceeds-2nd round-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

Directors Maria Carandang-Ramos and Godfredo Carandang. are siblings.

Form 990, Part VI, Line 11B

Director Maria Carandang-Ramos reviews the Form 990 prepared by an independent accountant.

Form 990, Part VI, Line 19

No documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Mosaic Montessori Academy Inc
EIN
06-1794419
Phone
3123510074
Address
7970 W Lake St, River Forest, IL 60305

Signing Officer

Name
Maria Carandang-Ramos
Title
President
Phone
3123510074
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Carandang-Ramos
Formed
2006
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
2
Employees
13

Preparer

Firm
Rocco Santorsola Ltd
Address
551 Walnut Ln, Elk Grove Village, IL 60007
Preparer
Rocco Santorsola
Phone
8479031440
Raw XML Appendix338 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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IRS990ScheduleL/TotalBalanceDueAmt010083
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors Maria Carandang-Ramos and Godfredo Carandang. are siblings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Director Maria Carandang-Ramos reviews the Form 990 prepared by an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents are available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0334467
IRS990/TotalAssetsEOYAmt0550186
IRS990/TotalAssetsGrp/BOYAmt0334467
IRS990/TotalAssetsGrp/EOYAmt0550186
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0709694
IRS990/TotalFunctionalExpensesGrp/TotalAmt0709694
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087873
IRS990/TotalLiabilitiesEOYAmt020081
IRS990/TotalLiabilitiesGrp/BOYAmt087873
IRS990/TotalLiabilitiesGrp/EOYAmt020081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0246594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0530105
IRS990/TotalProgramServiceExpensesAmt0709694
IRS990/TotalProgramServiceRevenueAmt0993146
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0993205
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0334467
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0550186
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt07970 W Lake St
IRS990/USAddress/CityNm0River Forest
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060305
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.mosaicmontessori.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maria Carandang-Ramos
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03123510074
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mosaic Montessori Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0MOSA
ReturnHeader/Filer/EIN0061794419
ReturnHeader/Filer/PhoneNum03123510074
ReturnHeader/Filer/USAddress/AddressLine1Txt07970 W Lake St
ReturnHeader/Filer/USAddress/CityNm0River Forest
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060305
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364265753
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rocco Santorsola Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0551 Walnut Ln
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elk Grove Village
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060007
ReturnHeader/PreparerPersonGrp/PhoneNum08479031440
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rocco Santorsola
ReturnHeader/ReturnTs02024-05-06T06:24:15-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Maria
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carandang-Ramos
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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