Civic Intelligence

Ruffing Montessori School

990 • Fiscal year 2023 • EIN 34-0871936

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

1285 Orchard Park DriveRocky River, OH 44116

(440) 333-2250

Siviq Scores

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

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.13x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

61st percentile

8.5%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$175,085

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

47th percentile

5.1%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$10,123,674

Up $488,949 (+5.1%) from 2022

Net Assets

Up

$9,601,547

Up $518,043 (+5.7%) from 2022

Liabilities

Down

$522,127

Down $29,094 (-5.3%) from 2022

Revenue

Down

$4,026,482

Down $7,289 (-0.2%) from 2022

Expenses

Down

$3,683,244

Down $205,756 (-5.3%) from 2022

Net Income

Up

$343,238

Up $198,467 (+137%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2020: $9,505,048Liabilities 2020: $324,293Net Assets 2020: $9,180,7552020Assets 2021: $10,362,808Liabilities 2021: $628,867Net Assets 2021: $9,733,9412021Assets 2022: $9,634,725Liabilities 2022: $551,221Net Assets 2022: $9,083,5042022Assets 2023: $10,123,674Liabilities 2023: $522,127Net Assets 2023: $9,601,5472023Assets 2024: $10,504,790Liabilities 2024: $481,869Net Assets 2024: $10,022,9212024

Highlighted filing

2023

Assets$10,123,674
Liabilities$522,127
Net Assets$9,601,547

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2020: $4,718,682Expenses 2020: $3,666,692Net Income 2020: $1,051,9902020Revenue 2021: $4,103,503Expenses 2021: $4,035,957Net Income 2021: $67,5462021Revenue 2022: $4,033,771Expenses 2022: $3,889,000Net Income 2022: $144,7712022Revenue 2023: $4,026,482Expenses 2023: $3,683,244Net Income 2023: $343,2382023Revenue 2024: $4,047,095Expenses 2024: $3,839,633Net Income 2024: $207,4622024

Highlighted filing

2023

Revenue$4,026,482
Expenses$3,683,244
Net Income$343,238
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$5,453,218
Mission and Program Overview

Mission

Operation of a montessori school for 293 students ages 3 to 14 in grades pre-k through eighth grade.

Operation of a montessori school for 280 students ages 3 to 14 in grades pre-k through eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,450,955$4,708,176▲ $257,221
Land, Buildings, and Equipment, Net$4,500,437$4,519,342▲ $18,905
Savings and Temporary Cash Investments$633,427$853,989▲ $220,562
Prepaid Expenses and Deferred Charges$35,507$39,052▲ $3,545
Accounts Receivable$14,399$3,115▼ $11,284
Total Assets$9,634,725$10,123,674▲ $488,949
Liabilities
Deferred Revenue$507,383$426,421▼ $80,962
Other Liabilities$25,063$79,600▲ $54,537
Accounts Payable and Accrued Expenses$18,775$16,106▼ $2,669
Total Liabilities$551,221$522,127▼ $29,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,932,213$9,465,313▲ $533,100
Net Assets With Donor Restrictions$151,291$136,234▼ $15,057
Total Net Assets Fund Balance$9,083,504$9,601,547▲ $518,043
Total Liabilities and Net Assets / Fund Balance$9,634,725$10,123,674▲ $488,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,091,164$2,269,363$6,360,527
Other Land Buildings$369,872$799,491$1,169,363
Equipment$8,306$84,455$92,761
Land$50,000-$50,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne LashutkaPrincipalFT$159,262$15,823$175,085
John McnamaraTeacherFT$132,615$26,515$159,130
Lori CoticchiaAdministratoFT$129,574$6,479$136,053
Elizabeth WhippleTeacherFT$112,560$5,628$118,188

Board Members and Trustees

NameTitle
Dewayne AshcraftPresident
Adam MorrisBoard Member
Brad ChampagneBoard Member
Jeni SingletonBoard Member
Kathy OsborneBoard Member
Sara HobbsSecretary
Bob KruegerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Krueger GroupRepairs12600 TRISKETT ROAD, Cleveland, OH 44111$221,018
Revenue and Support

Revenue Composition

Contributions and Grants
$583,443
Program Service Revenue
$3,181,711
Investment Income
$96,406
Other Revenue
$164,922
All Other Contributions
$416,282
Change in Net Assets
$343,238

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$25,614
Total Noncash Contributions1$25,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,607,575
Other Expenses$908,251
Grants and Similar Amounts Paid$167,418
Total Fundraising Expense$54,196
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,684,779$221,062$30,036$1,935,877
Other Employee Benefits$223,767$12,616$3,683$240,066
Payroll Taxes$137,583$31,035$2,661$171,279
Depreciation Depletion$149,541$16,806$1,679$168,026
Grants to Domestic Individuals$167,418--$167,418
Current Officers, Directors, Trustees, and Key Employees-$153,903$5,359$159,262
Occupancy$135,553$13,378$2,971$151,902
Pension Plan Contributions$80,657$18,748$1,686$101,091
Insurance$47,095$4,186$1,047$52,328
Fees for Services Accounting$8,523$27,010$700$36,233
Information Technology$30,169$2,682$670$33,521
Fees for Service Investment Mgmnt Fees-$29,451-$29,451
Conferences and Meetings$15,069--$15,069
Office Expenses$13,431$1,194$298$14,923
Other Expenses$9,470$8,112$3,406$9,470
All Other Expenses$2,614$6,418-$9,032
Total Functional Expenses$3,060,455$568,593$54,196$3,683,244
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$204,075
Fundraising Direct Expenses$71,335
Gaming Gross Income$27,737
Gaming Direct Expenses$12,283
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$203,514$175,087$11,416$163,671
Father & Daught$11,400$11,400$904$10,496
Total Events$232,502$204,075$71,335$132,740
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-TreasurerGeneral ContractorNo$221,018
-TrusteeIt ServiceNo$33,521
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued and Withheld Payroll Tax$79,600
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the principal, adminstrator, and outside accountant. Then the return is e-mailed to all the trustees for their review and approval before it is filed.

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitors and, if needed, enforces compliance with its conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

Prior to a general meeting, a compensation committee, reviews comparable data of highly paid staff and determines it is within reason to other montessori schools similare in size. Their results are reviewed and approved by the board of trustees.

Form 990, Page 6, Part VI, Line 15B

Prior to a general meeting, a compensation committee, reviews comparable salary information for the highly paid staff with information from other montessori schools of similar size. Their results are revieww and approved by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The school make available the annual financial, form 990, form 1123, governing documents, and conflict of interest policy to the public when requested. There was no such request during this fiscal year.

Filing and Contact Details

Filer

Filer Name
Ruffing Montessori School
EIN
34-0871936
Phone
4403332250
Address
1285 ORCHARD PARK DRIVE, ROCKY RIVER, OH 44116

Signing Officer

Name
Anne Lashutka
Title
Principal
Phone
4403332250
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dewayne Ashcraft
Formed
1960
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
49
Volunteers
100

Preparer

Firm
Weible & Associates Co
Address
500 E ROYALTON RD STE 180, BROADVIEW HEIGHTS, OH 44147
Preparer
Charles T Weible
Phone
4407460780
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation of a montessori school for 280 students ages 3 to 14 in grades pre-k through eighth grade.

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