Civic Intelligence

Monocacy Montessori Communities Inc

990 • Fiscal year 2017 • EIN 45-0481461

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

217 Dill AvenueFrederick, MD 21701

(301) 631-3888

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.05x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

93rd percentile

62%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,391,610

Up $535,117 (+62%) from 2016

Net Assets

Up

$1,323,825

Up $474,119 (+56%) from 2016

Liabilities

Up

$67,785

Up $60,998 (+899%) from 2016

Revenue

Up

$1,449,482

Up $169,316 (+13%) from 2016

Expenses

Up

$956,625

Up $50,102 (+5.5%) from 2016

Net Income

Up

$492,857

Up $119,214 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $959,953Liabilities 2012: $313,247Net Assets 2012: $646,7062012Assets 2013: $619,906Liabilities 2013: $326,321Net Assets 2013: $293,5852013Assets 2014: $497,005Liabilities 2014: $188,125Net Assets 2014: $308,8802014Assets 2015: $624,090Liabilities 2015: $148,027Net Assets 2015: $476,0632015Assets 2016: $856,493Liabilities 2016: $6,787Net Assets 2016: $849,7062016Assets 2017: $1,391,610Liabilities 2017: $67,785Net Assets 2017: $1,323,8252017Assets 2018: $1,750,305Liabilities 2018: $63,961Net Assets 2018: $1,686,3442018Assets 2019: $2,243,123Liabilities 2019: $45,598Net Assets 2019: $2,197,5252019Assets 2020: $2,593,065Liabilities 2020: $13,741Net Assets 2020: $2,579,3242020Assets 2021: $3,235,842Liabilities 2021: $12,849Net Assets 2021: $3,222,9932021Assets 2022: $4,065,260Liabilities 2022: $45,569Net Assets 2022: $4,019,6912022Assets 2023: $5,280,157Liabilities 2023: $118,593Net Assets 2023: $5,161,5642023Assets 2024: $23,999,982Liabilities 2024: $17,254,407Net Assets 2024: $6,745,5752024Assets 2025: $24,838,121Liabilities 2025: $17,523,481Net Assets 2025: $7,314,6402025

Highlighted filing

2017

Assets$1,391,610
Liabilities$67,785
Net Assets$1,323,825

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2012: $992,397Expenses 2012: $428,887Net Income 2012: $563,5102012Expenses 2013: $892,6812013Revenue 2014: $722,136Expenses 2014: $700,091Net Income 2014: $22,0452014Revenue 2015: $1,092,236Expenses 2015: $925,053Net Income 2015: $167,1832015Revenue 2016: $1,280,166Expenses 2016: $906,523Net Income 2016: $373,6432016Revenue 2017: $1,449,482Expenses 2017: $956,625Net Income 2017: $492,8572017Revenue 2018: $1,289,866Expenses 2018: $927,347Net Income 2018: $362,5192018Revenue 2019: $1,435,679Expenses 2019: $924,498Net Income 2019: $511,1812019Revenue 2020: $1,210,547Expenses 2020: $828,748Net Income 2020: $381,7992020Revenue 2021: $1,501,518Expenses 2021: $857,849Net Income 2021: $643,6692021Revenue 2022: $1,670,047Expenses 2022: $873,349Net Income 2022: $796,6982022Revenue 2023: $2,298,296Expenses 2023: $1,263,244Net Income 2023: $1,035,0522023Revenue 2024: $3,627,922Expenses 2024: $1,290,764Net Income 2024: $2,337,1582024Revenue 2025: $2,063,452Expenses 2025: $1,552,820Net Income 2025: $510,6322025

Highlighted filing

2017

Revenue$1,449,482
Expenses$956,625
Net Income$492,857
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$1,453,565
Mission and Program Overview

Mission

The mission of monocacy montessori communities is to provide all children in frederick county access to a high quality montessori education that is free of charge through the establishment and management of public charter schools.

Mmci is a community based non-profit organization that develops, operates and sustains public charter schools in accordance with the montessori philosophy for the education and enrichment of students in frederick county, maryland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$396,414$558,680▲ $162,266
Cash and Non-Interest-Bearing Accounts$360,889$543,303▲ $182,414
Land, Buildings, and Equipment, Net$76,166$257,295▲ $181,129
Prepaid Expenses and Deferred Charges$21,049$21,632▲ $583
Pledges and Grants Receivable$1,975$10,700▲ $8,725
Total Assets$856,493$1,391,610▲ $535,117
Liabilities
Other Liabilities$18,738$64,446▲ $45,708
Accounts Payable and Accrued Expenses$6,787$3,339▼ $3,448
Total Liabilities$25,525$67,785▲ $42,260
Net Assets / Fund Balance
Unrestricted Net Assets$830,522$1,296,114▲ $465,592
Temporarily Rstr Net Assets$446$27,711▲ $27,265
Total Net Assets Fund Balance$830,968$1,323,825▲ $492,857
Total Liabilities and Net Assets / Fund Balance$856,493$1,391,610▲ $535,117

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$255,035$528,946$783,981
Equipment$2,260$63,125$65,385
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amy DuvalPresident
Melissa NajeraAssistant Tr
Yvette RoodNon-parent T
Adam KenneyParent Trust
Adelaide ChangParent Trust
Carol FurlowParent Trust
Jeff KoehlerParent Trust
Jonathan PhillipsParent Trust
Matthew MillsParent Trust
Molly SpenceSecretary
Kevin WilfongTreasurer
Kathleen LutrellVice Preside
Liz SealVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Westlake Onemiohiuddin LLPRent/ Build-out110 BAUGHAM LANE SUITE 210, Frederick, MD 21702$560,169
Msmc LLCRent1306 WOODSIDE PARKWAY, Silver Spring, MD 20910$244,800
Revenue and Support

Revenue Composition

Contributions and Grants
$1,324,891
Program Service Revenue
$81,176
Investment Income
$593
Other Revenue
$42,822
All Other Contributions
$46,572
Change in Net Assets
$492,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,449,482
Revenue Not Reported on Form 990
$3,425,635
Total Revenue per Audited Statements
$4,875,117
Total Revenue per Form 990
$1,449,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$913,048
Salaries, Compensation, and Employee Benefits$43,577
Total Fundraising Expense$5,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$658,201--$658,201
Depreciation Depletion$44,285--$44,285
Other Salaries and Wages$26,403$11,240$1,632$39,275
Other Expenses$14,530-$2,369$16,899
Insurance$7,370$3,490-$10,860
Fees for Services Accounting-$10,750-$10,750
All Other Expenses$5,358$75$947$6,380
Office Expenses$3,093$2,691$463$6,247
Payroll Taxes$2,654$1,648-$4,302
Information Technology$639$2,485-$3,124
Total Functional Expenses$918,835$32,379$5,411$956,625

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,382,260
Expenses Not Reported on Form 990$3,425,635
Expenses per Audited Statements$956,625
Total Expenses per Form 990$956,625
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,541
Fundraising Direct Expenses$4,083
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spiritwear Fund$5,712$5,712$4,083$1,629
Total Events$5,712$5,712$4,083$1,629
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Expense$41,302
Reimbursement Escrow$23,144
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Mmci is a member organization consisting of the parents of children who attend either monocacy valley montessori public charter school or carroll creek montessori public charter school and the staff who work at either school.

Form 990, Page 6, Part VI, Line 7A

All members of mmci elect the board of trustees members as well as the members of the governing council for their specific schools.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing bosy that are subject to membership approval are listed in the by-laws. Any changes to the by-laws must be approved as described in the by-laws.

Form 990, Page 6, Part VI, Line 8B

No committees have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The draft irs form 990 will be provided to the board prior to filing.

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

Board of trustees reviews, discusses, and votes on employee compensation.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Monocacy Montessori Communities
EIN
45-0481461
Phone
3016313888
Address
217 DILL AVENUE, FREDERICK, MD 21701

Signing Officer

Name
Kevin Wilfong
Title
Treasurer
Phone
3016313888
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Duval
Formed
2002
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
10
Volunteers
300

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
100 LAKEFOREST BLVD STE 650, GAITHERSBURG, MD 20877-2609
Preparer
Allen P Deleon CPA
Phone
3019489825
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of monocacy montessori communities is to provide all children in frederick county access to a high quality montessori education that is free of charge through the establishment and management of public charter schools.

Form 990, Part XI, Line 9

Direct fundraising expenses 4,083 direct fundraising expenses -4,083

Financial Statement Notes

Schedule D, Page 3, Part X

Mmci adopted fasb asc 740-10 and accounting standards update (asu) 2009-06. As part of that adoption, mmci considered the possibility of uncertain tax positions and their impact on the financial position of the organization. The most significant tax position of the organization is its tax-exempt status. As of june 30, 2017 and 2016, management did not identify any uncertain tax positions. The organization accrues interest and penalties (if applicable) in income taxes payable on the statement of financial position and records any expense in the provision for income taxes in the statement of activities. Mmci had no penalties or income taxes for the years ended june 30, 2017 and 2016. Pursuant to internal revenue service rules for the statue of limitations, the organization believes it is no longer subject to u.s. Federal, state, and local income tax examinations by taxing authorities for years before 2013.

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expenses 4,083

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 4,083

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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/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01278319
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01453565
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02485
IRS990/InformationTechnologyGrp/ProgramServicesAmt0639
IRS990/InformationTechnologyGrp/TotalAmt03124
IRS990/InsuranceGrp/ManagementAndGeneralAmt03490
IRS990/InsuranceGrp/ProgramServicesAmt07370
IRS990/InsuranceGrp/TotalAmt010860
IRS990/InvestmentIncomeGrp/ExclusionAmt0593
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0593
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0592071
IRS990/LandBldgEquipBasisNetGrp/BOYAmt076166
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0257295
IRS990/LandBldgEquipCostOrOtherBssAmt0849366
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF MONOCACY MONTESSORI COMMUNITIES IS TO PROVIDE ALL CHILDREN IN FREDERICK COUNTY ACCESS TO A HIGH QUALITY MONTESSORI EDUCATION THAT IS FREE OF CHARGE THROUGH THE ESTABLISHMENT AND MANAGEMENT OF PUBLIC CHARTER SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0830968
IRS990/NetAssetsOrFundBalancesEOYAmt01323825
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011458
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0658201
IRS990/OccupancyGrp/TotalAmt0658201
IRS990/OfficeExpensesGrp/FundraisingAmt0463
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02691
IRS990/OfficeExpensesGrp/ProgramServicesAmt03093
IRS990/OfficeExpensesGrp/TotalAmt06247
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3SCHOOL EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt02369
IRS990/OtherExpensesGrp/ProgramServicesAmt0103293
IRS990/OtherExpensesGrp/ProgramServicesAmt136059
IRS990/OtherExpensesGrp/ProgramServicesAmt216950
IRS990/OtherExpensesGrp/ProgramServicesAmt314530
IRS990/OtherExpensesGrp/TotalAmt0103293
IRS990/OtherExpensesGrp/TotalAmt136059
IRS990/OtherExpensesGrp/TotalAmt216950
IRS990/OtherExpensesGrp/TotalAmt316899
IRS990/OtherLiabilitiesGrp/BOYAmt018738
IRS990/OtherLiabilitiesGrp/EOYAmt064446
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031364
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031364
IRS990/OtherRevenueTotalAmt031364
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01632
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011240
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026403
IRS990/OtherSalariesAndWagesGrp/TotalAmt039275
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01648
IRS990/PayrollTaxesGrp/ProgramServicesAmt02654
IRS990/PayrollTaxesGrp/TotalAmt04302
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01975
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010700
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021049
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021632
IRS990/PrincipalOfficerNm0AMY DUVAL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc1ENRICHMENT
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER CAMPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt075244
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13264
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt075244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22668
IRS990/ProgSrvcAccomActy2Grp/Desc0BEFORE AND AFTER SCHOOL CARE PROGRAM, SUMMER DRAMA CAMP, ORTON-GILLINGHAM TUTORING, AND OTHER STUDENT ENRICHMENT ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt035550
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt081176
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01155918
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0434
IRS990/PYOtherExpensesAmt0858469
IRS990/PYOtherRevenueAmt046378
IRS990/PYProgramServiceRevenueAmt077436
IRS990/PYRevenuesLessExpensesAmt0373643
IRS990/PYSalariesCompEmpBnftPaidAmt048054
IRS990/PYTotalExpensesAmt0906523
IRS990/PYTotalRevenueAmt01280166
IRS990/QuidProQuoContributionsInd0false
IRS990/ReconcilationRevenueExpnssAmt0492857
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03421552
IRS990ScheduleD/DonatedServicesUseFcltsAmt03421552
IRS990ScheduleD/EquipmentGrp/BookValueAmt02260
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063125
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065385
IRS990ScheduleD/ExpensesNotReportedAmt03425635
IRS990ScheduleD/ExpensesSubtotalAmt0956625
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0255035
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0528946
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0783981
IRS990ScheduleD/OtherExpensesIncludedAmt04083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041302
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REIMBURSEMENT ESCROW
IRS990ScheduleD/OtherRevenueAmt04083
IRS990ScheduleD/RevenueNotReportedAmt03425635
IRS990ScheduleD/RevenueSubtotalAmt01449482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MMCI ADOPTED FASB ASC 740-10 AND ACCOUNTING STANDARDS UPDATE (ASU) 2009-06. AS PART OF THAT ADOPTION, MMCI CONSIDERED THE POSSIBILITY OF UNCERTAIN TAX POSITIONS AND THEIR IMPACT ON THE FINANCIAL POSITION OF THE ORGANIZATION. THE MOST SIGNIFICANT TAX POSITION OF THE ORGANIZATION IS ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2017 AND 2016, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION ACCRUES INTEREST AND PENALTIES (IF APPLICABLE) IN INCOME TAXES PAYABLE ON THE STATEMENT OF FINANCIAL POSITION AND RECORDS ANY EXPENSE IN THE PROVISION FOR INCOME TAXES IN THE STATEMENT OF ACTIVITIES. MMCI HAD NO PENALTIES OR INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2017 AND 2016. PURSUANT TO INTERNAL REVENUE SERVICE RULES FOR THE STATUE OF LIMITATIONS, THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 4,083
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES 4,083
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0257295
IRS990ScheduleD/TotalExpensesPerForm990Amt0956625
IRS990ScheduleD/TotalLiabilityAmt064446
IRS990ScheduleD/TotalRevenuePerForm990Amt01449482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04875117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04382260
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL PUBLICATIONS PRODUCED BY THE SCHOOLS STATE THAT THEY ARE OPEN TO ANY CHILD WHO CAN BENEFIT FROM THE SCHOOL'S EDUCATION PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL GETS A PER PUPIL ALLOCATION FROM THE FREDERICK COUNTY PUBLIC SCHOOL SYSTEM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04083
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPIRITWEAR FUND
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt05712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05712
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01629
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04083
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04083
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF MONOCACY MONTESSORI COMMUNITIES IS TO PROVIDE ALL CHILDREN IN FREDERICK COUNTY ACCESS TO A HIGH QUALITY MONTESSORI EDUCATION THAT IS FREE OF CHARGE THROUGH THE ESTABLISHMENT AND MANAGEMENT OF PUBLIC CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MMCI IS A MEMBER ORGANIZATION CONSISTING OF THE PARENTS OF CHILDREN WHO ATTEND EITHER MONOCACY VALLEY MONTESSORI PUBLIC CHARTER SCHOOL OR CARROLL CREEK MONTESSORI PUBLIC CHARTER SCHOOL AND THE STAFF WHO WORK AT EITHER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF MMCI ELECT THE BOARD OF TRUSTEES MEMBERS AS WELL AS THE MEMBERS OF THE GOVERNING COUNCIL FOR THEIR SPECIFIC SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS OF THE GOVERNING BOSY THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE LISTED IN THE BY-LAWS. ANY CHANGES TO THE BY-LAWS MUST BE APPROVED AS DESCRIBED IN THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DRAFT IRS FORM 990 WILL BE PROVIDED TO THE BOARD PRIOR TO FILING.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.8$17.5$7.31$2.06$1.55$0.51
2024Detailed filing. Detailed filing data is available for this year.$24.0$17.3$6.75$3.63$1.29$2.34
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.12$5.16$2.30$1.26$1.04
2022Detailed filing. Detailed filing data is available for this year.$4.07$0.05$4.02$1.67$0.87$0.80
2021Detailed filing. Detailed filing data is available for this year.$3.24$0.01$3.22$1.50$0.86$0.64
2020Detailed filing. Detailed filing data is available for this year.$2.59$0.01$2.58$1.21$0.83$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.24$0.05$2.20$1.44$0.92$0.51
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.06$1.69$1.29$0.93$0.36
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.07$1.32$1.45$0.96$0.49
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$1.28$0.91$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.15$0.48$1.09$0.93$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.19$0.31$0.72$0.70$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.33$0.29$0.89
2012Summary only. Only limited summary data is available for this year.$0.96$0.31$0.65$0.99$0.43$0.56