Civic Intelligence

West Side Montessori School

990 • Fiscal year 2018 • EIN 13-1992185

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 20, 2018

309 West 92nd StreetNew York, NY 10025

(212) 662-8000

Siviq Scores

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

Liabilities / Assets

41st percentile

0.17x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.69x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

22nd percentile

-3.1%

Higher net margin than 22% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$375,386

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

61st percentile

5.2%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$33,849,938

Up $1,665,233 (+5.2%) from 2017

Net Assets

Up

$28,102,692

Up $655,600 (+2.4%) from 2017

Liabilities

Up

$5,747,246

Up $1,009,633 (+21%) from 2017

Revenue

Up

$8,327,876

Up $293,721 (+3.7%) from 2017

Expenses

Up

$8,587,542

Up $437,268 (+5.4%) from 2017

Net Income

Down

-$259,666

Down $143,547 (-124%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $22,346,303Liabilities 2010: $2,567,529Net Assets 2010: $19,778,7742010Assets 2011: $24,765,744Liabilities 2011: $3,495,436Net Assets 2011: $21,270,3082011Assets 2012: $24,734,644Liabilities 2012: $3,187,813Net Assets 2012: $21,546,8312012Assets 2013: $26,626,411Liabilities 2013: $3,114,658Net Assets 2013: $23,511,7532013Assets 2014: $28,533,661Liabilities 2014: $3,549,503Net Assets 2014: $24,984,1582014Assets 2015: $28,881,412Liabilities 2015: $3,402,505Net Assets 2015: $25,478,9072015Assets 2016: $30,791,651Liabilities 2016: $4,598,873Net Assets 2016: $26,192,7782016Assets 2017: $32,184,705Liabilities 2017: $4,737,613Net Assets 2017: $27,447,0922017Assets 2018: $33,849,938Liabilities 2018: $5,747,246Net Assets 2018: $28,102,6922018Assets 2019: $34,703,581Liabilities 2019: $6,457,924Net Assets 2019: $28,245,6572019Assets 2020: $33,911,523Liabilities 2020: $5,317,583Net Assets 2020: $28,593,9402020Assets 2021: $36,738,175Liabilities 2021: $5,473,950Net Assets 2021: $31,264,2252021Assets 2022: $34,513,067Liabilities 2022: $6,500,935Net Assets 2022: $28,012,1322022Assets 2023: $37,420,941Liabilities 2023: $8,896,569Net Assets 2023: $28,524,3722023Assets 2024: $38,306,732Liabilities 2024: $9,587,257Net Assets 2024: $28,719,4752024Assets 2025: $51,804,798Liabilities 2025: $22,743,677Net Assets 2025: $29,061,1212025

Highlighted filing

2018

Assets$33,849,938
Liabilities$5,747,246
Net Assets$28,102,692

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,797,9212010Expenses 2011: $5,403,5052011Expenses 2012: $6,176,7572012Revenue 2013: $7,479,333Expenses 2013: $6,231,099Net Income 2013: $1,248,2342013Revenue 2014: $6,478,359Expenses 2014: $6,632,380Net Income 2014: -$154,0212014Revenue 2015: $7,179,585Expenses 2015: $6,759,973Net Income 2015: $419,6122015Revenue 2016: $8,347,216Expenses 2016: $7,466,966Net Income 2016: $880,2502016Revenue 2017: $8,034,155Expenses 2017: $8,150,274Net Income 2017: -$116,1192017Revenue 2018: $8,327,876Expenses 2018: $8,587,542Net Income 2018: -$259,6662018Revenue 2019: $10,058,815Expenses 2019: $10,301,784Net Income 2019: -$242,9692019Revenue 2020: $10,542,848Expenses 2020: $10,016,105Net Income 2020: $526,7432020Revenue 2021: $12,617,803Expenses 2021: $10,250,637Net Income 2021: $2,367,1662021Revenue 2022: $10,367,667Expenses 2022: $10,616,513Net Income 2022: -$248,8462022Revenue 2023: $11,284,083Expenses 2023: $11,752,766Net Income 2023: -$468,6832023Revenue 2024: $12,664,529Expenses 2024: $13,391,460Net Income 2024: -$726,9312024Revenue 2025: $15,094,740Expenses 2025: $15,254,442Net Income 2025: -$159,7022025

Highlighted filing

2018

Revenue$8,327,876
Expenses$8,587,542
Net Income-$259,666
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 20, 2018
Return Version
2017v2.2
Gross Receipts
$8,459,000
Mission and Program Overview

Mission

We prepare children to be resilient, creative and independent problem solvers. We are leaders in teaching montessori principles and incorporate the best practices of modern early childhood education in our classrooms.west side montessori school is a vibrant, collaborative community of passionate teachers, joyful children and engaged parents. Our diverse community is a reflection of the city in which we live.

We prepare children to be resilient, creative and independent problem solvers. We are leaders in teaching Montessori principles and incorporate the best practices of modern early childhood education in our classrooms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,966,824$15,661,583▲ $694,759
Investments Other Securities$9,338,838$9,260,766▼ $78,072
Savings and Temporary Cash Investments$3,883,418$4,882,052▲ $998,634
Investments in Publicly Traded Securities$3,201,540$3,090,770▼ $110,770
Prepaid Expenses and Deferred Charges$224,214$385,875▲ $161,661
Accounts Receivable$108,593$189,092▲ $80,499
Cash and Non-Interest-Bearing Accounts$461,278$76,421▼ $384,857
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$32,184,705$33,849,938▲ $1,665,233
Other Assets Total-$303,379-
Liabilities
Deferred Revenue$3,982,971$4,800,992▲ $818,021
Accounts Payable and Accrued Expenses$529,732$663,895▲ $134,163
Other Liabilities$224,910$282,359▲ $57,449
Total Liabilities$4,737,613$5,747,246▲ $1,009,633
Net Assets / Fund Balance
Unrestricted Net Assets$27,447,092$28,102,692▲ $655,600
Total Net Assets Fund Balance$27,447,092$28,102,692▲ $655,600
Total Liabilities and Net Assets / Fund Balance$32,184,705$33,849,938▲ $1,665,233

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,077,134$6,130,262$12,207,396
Land$8,329,230-$8,329,230
Leasehold Improvements$1,174,592-$1,174,592
Equipment$80,627$165,508$246,135
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary D BassoHead of SchoolFT$276,839$108,098$375,386
Melissa MackAssoc HeadFT$134,832$17,978$162,361
Loren DeNicolaAssoc HeadFT$120,104$22,759$142,863
Matthew BloomCFOPT$119,987$22,838$142,825
Lisanne PinciottiHead of TEPFT$123,681$13,560$137,241
Katherine FordneyFaculty Rep.FT$68,612$17,116$85,728

Board Members and Trustees

NameTitle
Myles AmendPresident
Iva MillsVice President
Lindsay ForbesVice President
Tim DaileaderVice President
Allen LambDirector
Elise JouffroyDirector
Jing WangDirector
Justin HamiltonDirector
Kelly OpdykeDirector
Kelly WestDirector
Kyra NelsonDirector
Mark CicirelliDirector
Murtaza HaqueDirector
Natasha KazmiDirector
Nigel-Ann La Qua WilliamsonDirector
Nissa BookerDirector
Victoria FeltmanDirector
Bonny WhitcherParent Rep.
Tenille SkeltonParent Rep.
Jennifer ConwaySecretary
Jason SantiagoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$888,847
Program Service Revenue
$7,320,640
Investment Income
$117,129
Other Revenue
$1,260
All Other Contributions
$312,711
Change in Net Assets
$-259,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,177,410
Revenue Not Reported on Financial Statements
$1,150,466
Revenue Not Reported on Form 990
$915,266
Other Revenue Adjustments
$1,120,000
Total Revenue per Audited Statements
$8,092,676
Total Revenue per Form 990
$8,327,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,995,586
Other Expenses$2,471,956
Grants and Similar Amounts Paid$1,120,000
Total Fundraising Expense$235,920
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,370,897$883,279$74,326$3,328,502
Grants to Domestic Individuals$1,120,000--$1,120,000
Depreciation Depletion$474,719$176,857$14,882$666,458
Current Officers, Directors, Trustees, and Key Employees$427,852$162,466$13,625$603,943
Other Employee Benefits$363,001$148,679$12,315$523,995
Occupancy$250,420$93,294$7,850$351,564
Pension Plan Contributions$208,621$85,447$7,077$301,145
Payroll Taxes$164,877$67,531$5,593$238,001
Fees for Services Other$30,450$58,848$75,833$165,131
Other Expenses$60,044$49,255$19,410$128,709
Information Technology$89,560$33,366$2,807$125,733
Insurance$72,414$27,599$2,202$102,215
Office Expenses-$73,616-$73,616
Fees for Service Investment Mgmnt Fees-$30,466-$30,466
Total Functional Expenses$6,439,197$1,912,425$235,920$8,587,542

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,587,542
Expenses per Audited Statements$7,437,076
Total Expenses per Audited Statements$7,437,076
Expenses Not Reported on Financial Statements$1,150,466
Other Expense Adjustments$1,120,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$131,124
Fundraising Gross Income$131,124
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$372,653$99,819$99,819$0
Fall Festival$34,927$29,878$29,878$0
Total Events$416,151$131,124$131,124-
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$282,359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 4: Description of Significant Changes to Organizational Documents

The school amended bylaws to update board positions and the responsibilities of committees.

Form 990, Part VI, Line 11B: Form 990 Review Process

The CFO will review the 990 draft. Any changes are communicated to the independent accountants and the revised draft is then forwarded to the executive and audit committees of the board for their review. The board of trustees approves the IRS Form 990 prior to filing. The returns are signed by the CFO.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Near the beginning of each fiscal year, a conflict of interest disclosure statement is required to be submitted by all officers, directors and key employees, regardless of whether such persons filled one out the previous year. The completed disclosures statements are reviewed for compliance by the head of the governance committee. If conflicts exist, the board member is required to recuse him/herself from any related deliberation and decision. Employees also annually sign a statement that certifies that they are in full compliance with the policies contained in West Side Montessori School's employee handbook, including a policy on "conflict of interest."

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The school's compensation policy is implemented by the board's compensation and management development committee consisting entirely of independent directors. The compensation and management development committee uses comparability data in forming its recommendations to the board. The head of school's compensation is approved by the board as recorded in its minutes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents and conflict of interest policy available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
West Side Montessori School
EIN
13-1992185
Phone
2126628000
Address
309 West 92nd Street, New York, NY 10025

Signing Officer

Name
Matthew Bloom
Title
CFO
Signed
2018-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary D Basso
Formed
1963
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
73
Volunteers
50

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2015 and later are subject to examination by applicable taxing authorities.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Financial Aid $1120000

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Financial Aid $1120000

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IRS990/Form990PartVIISectionAGrp/PersonNm0Mary D Basso
IRS990/Form990PartVIISectionAGrp/PersonNm1Tim Daileader
IRS990/Form990PartVIISectionAGrp/PersonNm2Katherine Fordney
IRS990/Form990PartVIISectionAGrp/PersonNm3Myles Amend
IRS990/Form990PartVIISectionAGrp/PersonNm4Jason Santiago
IRS990/Form990PartVIISectionAGrp/PersonNm5Jennifer Conway
IRS990/Form990PartVIISectionAGrp/PersonNm6Lindsay Forbes
IRS990/Form990PartVIISectionAGrp/PersonNm7Iva Mills
IRS990/Form990PartVIISectionAGrp/PersonNm8Nigel-Ann La Qua Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm9Nissa Booker
IRS990/Form990PartVIISectionAGrp/PersonNm10Mark Cicirelli
IRS990/Form990PartVIISectionAGrp/PersonNm11Justin Hamilton
IRS990/Form990PartVIISectionAGrp/PersonNm12Victoria Feltman
IRS990/Form990PartVIISectionAGrp/PersonNm13Murtaza Haque
IRS990/Form990PartVIISectionAGrp/PersonNm14Elise Jouffroy
IRS990/Form990PartVIISectionAGrp/PersonNm15Natasha Kazmi
IRS990/Form990PartVIISectionAGrp/PersonNm16Allen Lamb
IRS990/Form990PartVIISectionAGrp/PersonNm17Kelly Opdyke
IRS990/Form990PartVIISectionAGrp/PersonNm18Kelly West
IRS990/Form990PartVIISectionAGrp/PersonNm19Kyra Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm20Jing Wang
IRS990/Form990PartVIISectionAGrp/PersonNm21Tenille Skelton
IRS990/Form990PartVIISectionAGrp/PersonNm22Bonny Whitcher
IRS990/Form990PartVIISectionAGrp/PersonNm23Matthew Bloom
IRS990/Form990PartVIISectionAGrp/PersonNm24Melissa Mack
IRS990/Form990PartVIISectionAGrp/PersonNm25Lisanne Pinciotti
IRS990/Form990PartVIISectionAGrp/PersonNm26Loren DeNicola
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Faculty Rep.
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Parent Rep.
IRS990/Form990PartVIISectionAGrp/TitleTxt22Parent Rep.
IRS990/Form990PartVIISectionAGrp/TitleTxt23CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt24Assoc Head
IRS990/Form990PartVIISectionAGrp/TitleTxt25Head of TEP
IRS990/Form990PartVIISectionAGrp/TitleTxt26Assoc Head
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0131124
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
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IRS990/InsuranceGrp/FundraisingAmt02202
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IRS990/MissionDesc0We prepare children to be resilient, creative and independent problem solvers. We are leaders in teaching Montessori principles and incorporate the best practices of modern early childhood education in our classrooms.West Side Montessori School is a vibrant, collaborative community of passionate teachers, joyful children and engaged parents. Our diverse community is a reflection of the city in which we live.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NondeductibleContributionsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.8$22.7$29.1$15.1$15.3$0.16
2024Detailed filing. Detailed filing data is available for this year.$38.3$9.59$28.7$12.7$13.4$0.73
2023Detailed filing. Detailed filing data is available for this year.$37.4$8.90$28.5$11.3$11.8$0.47
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$34.5$6.50$28.0$10.4$10.6$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.7$5.47$31.3$12.6$10.3$2.37
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$33.9$5.32$28.6$10.5$10.0$0.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.7$6.46$28.2$10.1$10.3$0.24
2018Detailed filing. Detailed filing data is available for this year.$33.8$5.75$28.1$8.33$8.59$0.26
2017Detailed filing. Detailed filing data is available for this year.$32.2$4.74$27.4$8.03$8.15$0.12
2016Detailed filing. Detailed filing data is available for this year.$30.8$4.60$26.2$8.35$7.47$0.88
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$3.40$25.5$7.18$6.76$0.42
2014Detailed filing. Detailed filing data is available for this year.$28.5$3.55$25.0$6.48$6.63$0.15
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$26.6$3.11$23.5$7.48$6.23$1.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.7$3.19$21.5$6.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$3.50$21.3$5.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$2.57$19.8$4.80