Civic Intelligence

Bansan Foundation

990 • Fiscal year 2022 • EIN 20-5970885

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 08, 2023

Organization ProfileWWW.FLOSSMOORMONTESSORI.ORG

View Organization Page

740 Western AveFlossmoor, IL 60422

(708) 798-4600

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.47x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$90,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

53rd percentile

2.4%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

41%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,019,836

Up $23,813 (+2.4%) from 2021

Net Assets

Up

$660,265

Up $207,688 (+46%) from 2021

Liabilities

Down

$359,571

Down $183,875 (-34%) from 2021

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin77th percentile

Revenue

Up

$762,715

Up $221,048 (+41%) from 2021

Expenses

Up

$555,027

Up $86,165 (+18%) from 2021

Net Income

Up

$207,688

Up $134,883 (+185%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$1.5M$1.0M$500K$0Assets 2013: $730,177Liabilities 2013: $520,000Net Assets 2013: $210,1772013Assets 2014: $666,778Liabilities 2014: $535,195Net Assets 2014: $131,5832014Assets 2015: $684,232Liabilities 2015: $526,840Net Assets 2015: $157,3922015Assets 2016: $670,824Liabilities 2016: $491,541Net Assets 2016: $179,2832016Assets 2017: $746,852Liabilities 2017: $476,590Net Assets 2017: $270,2622017Assets 2018: $851,773Liabilities 2018: $445,981Net Assets 2018: $405,7922018Assets 2019: $827,291Liabilities 2019: $422,359Net Assets 2019: $404,9322019Assets 2020: $975,293Liabilities 2020: $595,521Net Assets 2020: $379,7722020Assets 2021: $996,023Liabilities 2021: $543,446Net Assets 2021: $452,5772021Assets 2022: $1,019,836Liabilities 2022: $359,571Net Assets 2022: $660,2652022Assets 2023: $1,239,978Liabilities 2023: $455,071Net Assets 2023: $784,9072023Assets 2024: $1,273,534Liabilities 2024: $376,829Net Assets 2024: $896,7052024

Highlighted filing

2022

Assets$1,019,836
Liabilities$359,571
Net Assets$660,265
Open 2022 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $173,763Expenses 2013: $28,338Net Income 2013: $145,4252013Revenue 2014: $191,476Expenses 2014: $270,070Net Income 2014: -$78,5942014Revenue 2015: $403,051Expenses 2015: $377,242Net Income 2015: $25,8092015Revenue 2016: $385,322Expenses 2016: $363,430Net Income 2016: $21,8922016Revenue 2017: $475,925Expenses 2017: $384,946Net Income 2017: $90,9792017Revenue 2018: $522,950Expenses 2018: $387,420Net Income 2018: $135,5302018Revenue 2019: $568,123Expenses 2019: $568,983Net Income 2019: -$8602019Revenue 2020: $486,594Expenses 2020: $511,754Net Income 2020: -$25,1602020Revenue 2021: $541,667Expenses 2021: $468,862Net Income 2021: $72,8052021Revenue 2022: $762,715Expenses 2022: $555,027Net Income 2022: $207,6882022Revenue 2023: $801,198Expenses 2023: $676,556Net Income 2023: $124,6422023Revenue 2024: $806,148Expenses 2024: $694,350Net Income 2024: $111,7982024

Highlighted filing

2022

Revenue$762,715
Expenses$555,027
Net Income$207,688
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 8, 2023
Return Version
2021v4.2
Gross Receipts
$762,715
Mission and Program Overview

Mission

To create an environment for children following the path of montessori education to meet their developmental needs, inspiring them to reach their highest potential and help them discover how they can best contribute to our world and culture.

To educate children using the montessori methods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$577,087-
Cash and Non-Interest-Bearing Accounts-$389,689-
Investments in Publicly Traded Securities-$53,060-
Total Assets$0$1,019,836▲ $1,019,836
Liabilities
Mortgage Notes Payable Secured by Investment Property-$322,740-
Deferred Revenue-$26,977-
Accounts Payable and Accrued Expenses-$8,465-
Other Liabilities-$1,389-
Total Liabilities$0$359,571▲ $359,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$660,265-
Total Net Assets Fund Balance$0$660,265▲ $660,265
Total Liabilities and Net Assets / Fund Balance$0$1,019,836▲ $1,019,836

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$504,160$152,168$656,328
Land$65,000-$65,000
Equipment$7,927$7,138$15,065
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bansari ModiAdministratorFT$90,000$90,000

Board Members and Trustees

NameTitle
Dr Sanjiv ModiPresident/director
Niraj S ShahDirector
Tushar R ShahSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$152,357
Program Service Revenue
$605,428
Investment Income
$1,767
Other Revenue
$3,163
All Other Contributions
$65,620
Change in Net Assets
$207,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$762,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$762,715
Total Revenue per Form 990
$762,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$407,165
Other Expenses$147,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,028$32,084-$282,112
Current Officers, Directors, Trustees, and Key Employees$65,358$28,011-$93,369
Occupancy$56,916$10,845-$67,761
Payroll Taxes$23,613$4,499-$28,112
Depreciation Depletion$18,225$3,473-$21,698
Office Expenses$11,614$467-$12,081
Fees for Services Accounting-$7,503-$7,503
Insurance-$7,273-$7,273
Other Employee Benefits$3,000$572-$3,572
Information Technology-$1,910-$1,910
All Other Expenses$1,614--$1,614
Other Expenses$895--$895
Advertising-$231-$231
Travel$83--$83
Total Functional Expenses$458,159$96,868$0$555,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$555,027
Total Expenses per Audited Statements$555,027
Total Expenses per Form 990$555,027
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,163
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$1,389
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Dr. Sanjiv modi and bansari modi are married.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is distributed to the board members before it is filed.”

Form 990, Part VI, Section C, Line 18

“All documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Bansan foundation makes their governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bansan Foundation
EIN
20-5970885
Phone
7087984600
Address
740 WESTERN AVE, FLOSSMOOR, IL 60422

Signing Officer

Name
Sanjiv Modi
Title
President/director
Phone
7087984600
Signed
2023-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sanjiv Modi
Formed
2006
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
3
Employees
19
Volunteers
0

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
Preparer
Robert Rehayem
Phone
3123326622
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has concluded that no material uncertain tax positions have been taken on any open tax returns. For the current year, the organization believes all tax positions are fully supportable by existing federal law and related interpretations and there are no uncertain tax positions to consider.”

Raw XML Appendix393 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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IRS990/Desc0FLOSSMOOR MONTESSORI SCHOOL IS SERVING APPROXIMATELY 60 CHILDREN WITH VARIETY OF INTERESTS AND ABILITIES, RANGING FROM AGES 15 MONTHS TO 6 YEARS. THE NURTURING ENVIRONMENT OF OUR SCHOOL HELP CHILDREN BE INDEPENDENT, TO CARE FOR SELF AND HELP EACH OTHER. OUR BEFORE AND AFTER SCHOOL CARE PROGRAM AS WELL AS SPRING, SUMMER AND WINTER CAMPS, DURING THE SCHOOL BREAK, PROVIDE CONVENIENCE FOR WORKING PARENTS. PARENTS IN OUR COMMUNITY APPRECIATE THE PARENT EDUCATION EVENTS SUCH AS "FOLLOWING MONTESSORI AT HOME" LEARNING PRACTICAL TIPS TO HELP THE CHILD, SOCIAL EVENTS SUCH AS SPLASH PAD SOCIAL FOR BACK TO SCHOOL, GRAND PARENTS DAY, WINTER CELEBRATION, PICNIC AND FIELD DAY AT THE END OF THE SCHOOL YEAR AND MANY OTHER. MONTESSORI EDUCATION ENCOURAGES SELF DISCIPLINE, CRITICAL THINKING, GRACE AND COURTESY PROMOTING SELF ESTEEM AND LEADERSHIP QUALITIES IN CHILDREN.
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IRS990ScheduleA/Total509Grp/TotalAmt02861397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0757785
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0537815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0481077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0564551
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0520169
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02861397
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0504160
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0152168
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0656328
IRS990ScheduleD/EquipmentGrp/BookValueAmt07927
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015065
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0555027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0762715
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONCLUDED THAT NO MATERIAL UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN ON ANY OPEN TAX RETURNS. FOR THE CURRENT YEAR, THE ORGANIZATION BELIEVES ALL TAX POSITIONS ARE FULLY SUPPORTABLE BY EXISTING FEDERAL LAW AND RELATED INTERPRETATIONS AND THERE ARE NO UNCERTAIN TAX POSITIONS TO CONSIDER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0555027
IRS990ScheduleD/TotalLiabilityAmt01389
IRS990ScheduleD/TotalRevenuePerForm990Amt0762715
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0762715
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0555027
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR. SANJIV MODI AND BANSARI MODI ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS DISTRIBUTED TO THE BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANSAN FOUNDATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt01019836
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01019836
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0152357
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458159
IRS990/TotalFunctionalExpensesGrp/TotalAmt0555027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0359571
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0359571
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0660265
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0458159
IRS990/TotalProgramServiceRevenueAmt0605428
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt04930
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0605428
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0762715
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01019836
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt083
IRS990/TravelGrp/TotalAmt083
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362996439
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WSDD CPAS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0303 W MADISON ST SUITE 2075
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606063395
ReturnHeader/PreparerPersonGrp/PhoneNum03123326622
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT REHAYEM
ReturnHeader/ReturnTs02023-06-09T08:13:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SANJIV
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MODI
ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,019,836
Liabilities
$359,571
Net assets
$660,265
Revenue
$762,715
Expenses
$555,027
Net income
$207,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.38$0.90$0.81$0.69$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.46$0.78$0.80$0.68$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.36$0.66$0.76$0.56$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.54$0.45$0.54$0.47$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.60$0.38$0.49$0.51$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.42$0.40$0.57$0.57$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.45$0.41$0.52$0.39$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.48$0.27$0.48$0.38$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.67$0.49$0.18$0.39$0.36$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.53$0.16$0.40$0.38$0.03
2014Summary only. Only limited summary data is available for this year.$0.67$0.54$0.13$0.19$0.27$0.08
2013Summary only. Only limited summary data is available for this year.$0.73$0.52$0.21$0.17$0.03$0.15