Civic Intelligence

Montessori Education Fund Inc.

990 • Fiscal year 2020 • EIN 45-4458890

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 08, 2021

20625 Lakemont Bend LnRichmond, TX 77407-4079

(281) 239-3400

Siviq Scores

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

Liabilities / Assets

91st percentile

0.72x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.45x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

23%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

390%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-7.5%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$283,018

Up $225,300 (+390%) from 2019

Net Assets

Up

$79,961

Up $103,170 (+445%) from 2019

Liabilities

Up

$203,057

Up $122,130 (+151%) from 2019

Revenue

Down

$454,922

Down $36,792 (-7.5%) from 2019

Expenses

Down

$351,752

Down $119,723 (-25%) from 2019

Net Income

Up

$103,170

Up $82,931 (+410%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2016: $74,819Liabilities 2016: $14,555Net Assets 2016: $60,2642016Assets 2017: $19,646Liabilities 2017: $53,825Net Assets 2017: -$34,1792017Assets 2018: $49,681Liabilities 2018: $93,129Net Assets 2018: -$43,4482018Assets 2019: $57,718Liabilities 2019: $80,927Net Assets 2019: -$23,2092019Assets 2020: $283,018Liabilities 2020: $203,057Net Assets 2020: $79,9612020Assets 2021: $384,866Liabilities 2021: $218,728Net Assets 2021: $166,1382021Assets 2022: $645,132Liabilities 2022: $205,273Net Assets 2022: $439,8592022Assets 2023: $735,311Liabilities 2023: $11,068Net Assets 2023: $724,2432023Assets 2024: $669,481Liabilities 2024: $2,632Net Assets 2024: $666,8492024

Highlighted filing

2020

Assets$283,018
Liabilities$203,057
Net Assets$79,961

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $191,221Expenses 2016: $139,602Net Income 2016: $51,6192016Revenue 2017: $302,677Expenses 2017: $385,394Net Income 2017: -$82,7172017Revenue 2018: $392,749Expenses 2018: $402,018Net Income 2018: -$9,2692018Revenue 2019: $491,714Expenses 2019: $471,475Net Income 2019: $20,2392019Revenue 2020: $454,922Expenses 2020: $351,752Net Income 2020: $103,1702020Revenue 2021: $613,301Expenses 2021: $527,124Net Income 2021: $86,1772021Revenue 2022: $1,036,869Expenses 2022: $682,559Net Income 2022: $354,3102022Revenue 2023: $1,246,252Expenses 2023: $961,868Net Income 2023: $284,3842023Revenue 2024: $26,450Expenses 2024: $83,844Net Income 2024: -$57,3942024

Highlighted filing

2020

Revenue$454,922
Expenses$351,752
Net Income$103,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 8, 2021
Return Version
2020v4.0
Gross Receipts
$454,922
Mission and Program Overview

Mission

Mefi is dedicated to a "long view" of education: providing a sound foundation with mastery of concepts which prepares the child to be a contributing member of his/her society from early age to adulthood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$25,940$150,250▲ $124,310
Cash and Non-Interest-Bearing Accounts$27,367$129,838▲ $102,471
Land, Buildings, and Equipment, Net$4,411$2,930▼ $1,481
Total Assets$57,718$283,018▲ $225,300
Liabilities
Unsecured Notes Loans Payable$67,927$171,081▲ $103,154
Other Liabilities-$28,999-
Deferred Revenue$6,752--
Accounts Payable and Accrued Expenses$6,248$2,977▼ $3,271
Total Liabilities$80,927$203,057▲ $122,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-23,209$79,961▲ $103,170
Total Net Assets Fund Balance$-23,209$79,961▲ $103,170
Total Liabilities and Net Assets / Fund Balance$57,718$283,018▲ $225,300

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,930$5,227$8,157
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara NelsonPresident
Charles El-moussaBoard Member
Michelle BattistoneBoard Member
Pam NelsonBusiness Man
Ashley WorshamSecretary
Jennifer TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,983
Program Service Revenue
$398,332
Investment Income
$347
Other Revenue
$5,260
All Other Contributions
$5,638
Change in Net Assets
$103,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,236
Salaries, Compensation, and Employee Benefits$163,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,307--$151,307
Occupancy$114,208$12,690-$126,898
Office Expenses$15,278$1,698-$16,976
Fees for Services Accounting$8,972$997-$9,969
Payroll Taxes$9,957--$9,957
Information Technology$6,291$699-$6,990
Other Expenses$4,500--$4,500
Insurance$2,613$290-$2,903
Other Employee Benefits$2,252--$2,252
Depreciation Depletion$1,481--$1,481
Advertising$451$50-$501
Conferences and Meetings$115$13-$128
Total Functional Expenses$335,315$16,437$0$351,752
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-BusinessBuilding LeaseNo$62,554
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Security Deposits$28,999
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
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
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, Page 6, Part VI, Line 2

Pam nelson barbara nelson family relationship pam nelson charles el-moussa family relationship barbara nelson ashley worsham family relationship

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

The draft return is reviewed and any changes / questions are discussed with the cpa preparing the return. Once all changes have been agreed upon and made, the return is efiled and a final copy is sent to the board.

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

Each board member is required to disclose any financial, personal, or official interest in, or conflict (or appearance of a conflict) with any matter pending before the board. In such a case, that board member recuses him/her self from discussion and voting on said matter.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Montessori Education Fund Inc
EIN
45-4458890
Phone
2812393400
Address
20625 LAKEMONT BEND LN, RICHMOND, TX 77407-4079

Signing Officer

Name
Barbara Nelson
Title
President
Phone
2812393400
Signed
2021-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Nelson
Formed
2012
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
9
Volunteers
15

Preparer

Firm
Cox and Associates Cpas LLC
Address
21960 HIGHWAY 242, NEW CANEY, TX 77357
Preparer
Cynthia a Cox
Phone
2813998153
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The parent association of volunteers(pav) helps the school in many ways, including special event committees and manpower to run events, managing the annual book fair, donations, community outreach, and other community events. The mefi board of directors is an advisory and working board composed of a devoted group of volunteers, who provide leadership and support for all the operations of mefi.

Form 990, Part III

During the 2019/2020 school year, 42 students were enrolled. There are 40 students enrolled for the 2020/2021 school year. Due to covid-19, the elementary school shifted to virtual learning from mid-march to the end of may, with a continuation of this method offered for all of 2020/2021 school year. Even during this pandemic year, when roughly half the students were enrolled in distance learning, they still were united with their on-site peers in their work plans and projects. Several groups embarked on their own businesses and one student started publishing a bi-weekly newsletter. Students sold pet portraits that they created and donated the proceeds to a county animal shelter.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S POLICY IS PUBLISHED ON ITS WEBSITE AND IN VISITOR INFORMATION, AS WELL AS GIVEN OUT DURING THE YEARLY OPEN ENROLLMENT PERIOD IN FEBRUARY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SEE PART II SUPPLEMENTAL INFORMATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2PART I LINE 4: THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE IN ITS EDUCATIONAL PROGRAMS OR EMPLOYMENT POLICIES. AS SUCH, THE SCHOOL DOES NOT ASK FOR, NOR DOES IT TRACK, THE RACIAL COMPOSITION OF THE STUDENT BODY OR FACULTY. THE SCHOOL IS COMPLIANT WITH ALL OTHER REQUIREMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MHFC ENTERPRISES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BUSINESS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt062554
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUILDING LEASE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MHFC ENTERPRISES OWNS THE LAND AND BUILDING USED BY THE SCHOOL. EACH MONTH MEFI PAYS THE MORTGAGE FOR THE PROPERTY TO THE BANK THAT PROVIDED FINANCING. THE BUSINESS MANAGER OF MEFI IS PART OWNER AND ON THE BOARD OF MHFC ENTERPRISES LLC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENT ASSOCIATION OF VOLUNTEERS(PAV) HELPS THE SCHOOL IN MANY WAYS, INCLUDING SPECIAL EVENT COMMITTEES AND MANPOWER TO RUN EVENTS, MANAGING THE ANNUAL BOOK FAIR, DONATIONS, COMMUNITY OUTREACH, AND OTHER COMMUNITY EVENTS. THE MEFI BOARD OF DIRECTORS IS AN ADVISORY AND WORKING BOARD COMPOSED OF A DEVOTED GROUP OF VOLUNTEERS, WHO PROVIDE LEADERSHIP AND SUPPORT FOR ALL THE OPERATIONS OF MEFI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE 2019/2020 SCHOOL YEAR, 42 STUDENTS WERE ENROLLED. THERE ARE 40 STUDENTS ENROLLED FOR THE 2020/2021 SCHOOL YEAR. DUE TO COVID-19, THE ELEMENTARY SCHOOL SHIFTED TO VIRTUAL LEARNING FROM MID-MARCH TO THE END OF MAY, WITH A CONTINUATION OF THIS METHOD OFFERED FOR ALL OF 2020/2021 SCHOOL YEAR. EVEN DURING THIS PANDEMIC YEAR, WHEN ROUGHLY HALF THE STUDENTS WERE ENROLLED IN DISTANCE LEARNING, THEY STILL WERE UNITED WITH THEIR ON-SITE PEERS IN THEIR WORK PLANS AND PROJECTS. SEVERAL GROUPS EMBARKED ON THEIR OWN BUSINESSES AND ONE STUDENT STARTED PUBLISHING A BI-WEEKLY NEWSLETTER. STUDENTS SOLD PET PORTRAITS THAT THEY CREATED AND DONATED THE PROCEEDS TO A COUNTY ANIMAL SHELTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAM NELSON BARBARA NELSON FAMILY RELATIONSHIP PAM NELSON CHARLES EL-MOUSSA FAMILY RELATIONSHIP BARBARA NELSON ASHLEY WORSHAM FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DRAFT RETURN IS REVIEWED AND ANY CHANGES / QUESTIONS ARE DISCUSSED WITH THE CPA PREPARING THE RETURN. ONCE ALL CHANGES HAVE BEEN AGREED UPON AND MADE, THE RETURN IS EFILED AND A FINAL COPY IS SENT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS REQUIRED TO DISCLOSE ANY FINANCIAL, PERSONAL, OR OFFICIAL INTEREST IN, OR CONFLICT (OR APPEARANCE OF A CONFLICT) WITH ANY MATTER PENDING BEFORE THE BOARD. IN SUCH A CASE, THAT BOARD MEMBER RECUSES HIM/HER SELF FROM DISCUSSION AND VOTING ON SAID MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0283018
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IRS990/TotalAssetsGrp/EOYAmt0283018
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050983
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016437
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335315
IRS990/TotalFunctionalExpensesGrp/TotalAmt0351752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt080927
IRS990/TotalLiabilitiesEOYAmt0203057
IRS990/TotalLiabilitiesGrp/BOYAmt080927
IRS990/TotalLiabilitiesGrp/EOYAmt0203057
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-23209
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079961
IRS990/TotalProgramServiceExpensesAmt0335315
IRS990/TotalProgramServiceRevenueAmt0398332
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0403939
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0454922
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0283018
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt067927
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0171081
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020625 LAKEMONT BEND LN
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0774074079
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MONTESSORIHOUSEFORCHILDREN.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02812393400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONTESSORI EDUCATION FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0454458890
ReturnHeader/Filer/PhoneNum02812393400
ReturnHeader/Filer/USAddress/AddressLine1Txt020625 LAKEMONT BEND LN
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0774074079
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461947952
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COX AND ASSOCIATES CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021960 HIGHWAY 242
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW CANEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077357
ReturnHeader/PreparerPersonGrp/PhoneNum02813998153
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA A COX
ReturnHeader/ReturnTs02021-06-11T11:47:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BARBARA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NELSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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