Civic Intelligence

Many Rivers Montessori

990 • Fiscal year 2017 • EIN 46-3952689

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 21, 2017

916 E 3rd StreetDuluth, MN 55805

(218) 464-5570

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.88x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

21st percentile

-9.1%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$72,500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

97th percentile

224%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$818,044

Up $565,424 (+224%) from 2016

Net Assets

Down

-$6,755

Down $85,593 (-109%) from 2016

Liabilities

Up

$824,799

Up $651,017 (+375%) from 2016

Revenue

Up

$941,099

Up $197,290 (+27%) from 2016

Expenses

Up

$1,026,692

Up $273,627 (+36%) from 2016

Net Income

Down

-$85,593

Down $76,337 (-825%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $247,050Liabilities 2015: $158,956Net Assets 2015: $88,0942015Assets 2016: $252,620Liabilities 2016: $173,782Net Assets 2016: $78,8382016Assets 2017: $818,044Liabilities 2017: $824,799Net Assets 2017: -$6,7552017Assets 2018: $1,667,622Liabilities 2018: $1,478,579Net Assets 2018: $189,0432018Assets 2019: $3,291,136Liabilities 2019: $3,122,940Net Assets 2019: $168,1962019Assets 2020: $3,277,230Liabilities 2020: $2,932,973Net Assets 2020: $344,2572020Assets 2021: $3,139,013Liabilities 2021: $2,543,090Net Assets 2021: $595,9232021Assets 2022: $3,552,796Liabilities 2022: $2,513,601Net Assets 2022: $1,039,1952022Assets 2023: $3,803,019Liabilities 2023: $2,447,388Net Assets 2023: $1,355,6312023Assets 2024: $4,034,498Liabilities 2024: $2,491,923Net Assets 2024: $1,542,5752024Assets 2025: $4,051,462Liabilities 2025: $2,376,054Net Assets 2025: $1,675,4082025

Highlighted filing

2017

Assets$818,044
Liabilities$824,799
Net Assets-$6,755

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $528,810Expenses 2015: $438,815Net Income 2015: $89,9952015Revenue 2016: $743,809Expenses 2016: $753,065Net Income 2016: -$9,2562016Revenue 2017: $941,099Expenses 2017: $1,026,692Net Income 2017: -$85,5932017Revenue 2018: $1,416,095Expenses 2018: $1,220,297Net Income 2018: $195,7982018Revenue 2019: $1,552,594Expenses 2019: $1,573,441Net Income 2019: -$20,8472019Revenue 2020: $1,821,095Expenses 2020: $1,645,034Net Income 2020: $176,0612020Revenue 2021: $2,279,233Expenses 2021: $2,027,567Net Income 2021: $251,6662021Revenue 2022: $2,630,546Expenses 2022: $2,187,274Net Income 2022: $443,2722022Revenue 2023: $2,670,951Expenses 2023: $2,354,515Net Income 2023: $316,4362023Revenue 2024: $2,697,274Expenses 2024: $2,510,330Net Income 2024: $186,9442024Revenue 2025: $2,848,385Expenses 2025: $2,715,552Net Income 2025: $132,8332025

Highlighted filing

2017

Revenue$941,099
Expenses$1,026,692
Net Income-$85,593
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 21, 2017
Return Version
2016v3.0
Gross Receipts
$941,099
Mission and Program Overview

Mission

Many rivers montessori enrolls students from 16 months through 8th grade. Many rivers montessori empowers its students to transform the world. Through world-class montessori education, a focus on the whole child, and an inclusive and fun community, many rivers montessori cultivates independent, academically prepared, and socially responsible citizens who will be lifelong learners and creative problem solvers.

Pre-high school educational facility that follows the montessori pedagogy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$181,595$730,301▲ $548,706
Cash and Non-Interest-Bearing Accounts$45,135$36,551▼ $8,584
Accounts Receivable$18,415$30,957▲ $12,542
Intangible Assets-$20,235-
Prepaid Expenses and Deferred Charges$7,475--
Total Assets$252,620$818,044▲ $565,424
Liabilities
Mortgage Notes Payable Secured by Investment Property-$519,440-
Deferred Revenue$91,022$154,593▲ $63,571
Unsecured Notes Loans Payable$55,000$95,000▲ $40,000
Accounts Payable and Accrued Expenses$27,760$55,766▲ $28,006
Total Liabilities$173,782$824,799▲ $651,017
Net Assets / Fund Balance
Unrestricted Net Assets$78,838$-6,755▼ $85,593
Total Net Assets Fund Balance$78,838$-6,755▼ $85,593
Total Liabilities and Net Assets / Fund Balance$252,620$818,044▲ $565,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$500,000-$500,000
Other Land Buildings$115,203$54,110$169,313
Leasehold Improvements$70,287$3,540$73,827
Equipment$44,811$4,319$49,130
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
T Mark NiedermierPresidentFT$72,500$72,500

Board Members and Trustees

NameTitle
John KliewerChairperson,
Rita RosenbergerVice Chair,
Barbara WelinskiTrustee
Brenda CiardelliTrustee
Carin SkoogTrustee
Elena MetcalfTrustee
Jennifer LienTrustee
Matt CartierTrustee
David BarthelSecretary
Jeff EngbrechtTreasurer, T
Catherine LongVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$42,092
Program Service Revenue
$825,457
Investment Income
$0
Other Revenue
$73,550
All Other Contributions
$42,092
Change in Net Assets
$-85,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$736,504
Other Expenses$290,188
Total Fundraising Expense$34,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$620,723$29,607$19,535$669,865
Occupancy$85,440$4,497-$89,937
Payroll Taxes$46,172$1,984$1,489$49,645
Depreciation Depletion$29,191--$29,191
All Other Expenses$25,019$3,120$315$28,454
Other Employee Benefits$15,804$680$510$16,994
Other Expenses$11,855$624$12,705$12,479
Office Expenses$5,967$4,453$303$10,723
Advertising-$9,905-$9,905
Insurance-$9,823-$9,823
Fees for Services Accounting-$3,953-$3,953
Interest-$3,421-$3,421
Fees for Services Other$1,012$1,048-$2,060
Fees for Services Legal-$498-$498
Total Functional Expenses$915,543$76,292$34,857$1,026,692
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,905
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Grown Ups Got T$58,905$58,905-$58,905
Total Events$58,905$58,905-$58,905
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

David barthel rita rosenberger officer trustee married

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

Organization's process to review form 990 members of governing body meet and go over the form 990 upon its completion annually at the board meeting.

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

Conflict of interest policy was reviewed at annual board retreat and each member signed a copy of the policy. The board chair periodically referenced the policy during board meetings.

Form 990, Page 6, Part VI, Line 19

Governing documents disclosure explanation bylaws are posted on website but only available to parents, staff & trustees. Form 990 is the only financial document made available for the public.

Filing and Contact Details

Filer

Filer Name
Many Rivers Montessori
EIN
46-3952689
Phone
2184645570
Address
916 E 3RD STREET, DULUTH, MN 55805

Signing Officer

Name
T Mark Niedermier
Title
President
Phone
2184645570
Signed
2017-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
T Mark Niedermier
Formed
2013
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
34
Volunteers
120

Preparer

Firm
Licari Larsen and Company
Address
130 W SUPERIOR ST STE 712, DULUTH, MN 55802
Preparer
Nicholas S Licari
Phone
2187222226
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01984
IRS990/PayrollTaxesGrp/ProgramServicesAmt046172
IRS990/PayrollTaxesGrp/TotalAmt049645
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07475
IRS990/PrincipalOfficerNm0T MARK NIEDERMIER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL TUITION
IRS990/ProgramServiceRevenueGrp/Desc1CHILD CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0782110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0782110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt143347
IRS990/ProgSrvcAccomActy2Grp/Desc0MONTESSORI SCHOOL OPERATING PRE-K TO 8TH GRADE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0895275
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0782110
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt060618
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028
IRS990/PYOtherExpensesAmt0195202
IRS990/PYOtherRevenueAmt046075
IRS990/PYProgramServiceRevenueAmt0637088
IRS990/PYRevenuesLessExpensesAmt0-9256
IRS990/PYSalariesCompEmpBnftPaidAmt0557863
IRS990/PYTotalExpensesAmt0753065
IRS990/PYTotalRevenueAmt0743809
IRS990/ReconcilationRevenueExpnssAmt0-85593
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt043347
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/BuildingsGrp/BookValueAmt0500000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0500000
IRS990ScheduleD/EquipmentGrp/BookValueAmt044811
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04319
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049130
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt070287
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03540
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt073827
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0115203
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054110
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169313
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0730301
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/ExplanationTxt0YES; THIS POLICY IS PUBLISHED ANNUALLY IN THE DULUTH NEWS TRIBUNE NEWSPAPER AND IS STATED ON TEH ENROLLMENT FORM AS WELL AS THE ORGANIZATIONS WEBSITE. ALSO IT IS DISCLOSED IN OTHER AREAS AS WELL. NONDISCIMINATION AND DIVERSITY ACCEPTANCE ARE CORE PRINCIPALS THAT THE MONTESSORI SCHOOL EMBRACES/VALUES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STATE OF MINNESOTA "NONPUBLIC PUPIL AIDS' AT CURERNT PER PUPIL RATE FOR K-8 GRADES AND FUNDS INDIVIDUAL INSTRUCTION MATERIAS & HEALTH SERVICES. NO MONEY IS FUNDED DIRECTLY TO THE SCHOOL BUT THE MATERIALS AND SERVICES ARE PROVIDED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GROWN UPS GOT T
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt058905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt058905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt058905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt058905
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt058905
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID BARTHEL RITA ROSENBERGER OFFICER TRUSTEE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 MEMBERS OF GOVERNING BODY MEET AND GO OVER THE FORM 990 UPON ITS COMPLETION ANNUALLY AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY WAS REVIEWED AT ANNUAL BOARD RETREAT AND EACH MEMBER SIGNED A COPY OF THE POLICY. THE BOARD CHAIR PERIODICALLY REFERENCED THE POLICY DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION BYLAWS ARE POSTED ON WEBSITE BUT ONLY AVAILABLE TO PARENTS, STAFF & TRUSTEES. FORM 990 IS THE ONLY FINANCIAL DOCUMENT MADE AVAILABLE FOR THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0252620
IRS990/TotalAssetsEOYAmt0818044
IRS990/TotalAssetsGrp/BOYAmt0252620
IRS990/TotalAssetsGrp/EOYAmt0818044
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042092
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034857
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076292
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0915543
IRS990/TotalFunctionalExpensesGrp/TotalAmt01026692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173782
IRS990/TotalLiabilitiesEOYAmt0824799
IRS990/TotalLiabilitiesGrp/BOYAmt0173782
IRS990/TotalLiabilitiesGrp/EOYAmt0824799
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt078838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6755
IRS990/TotalProgramServiceExpensesAmt0915543
IRS990/TotalProgramServiceRevenueAmt0825457
IRS990/TotalReportableCompFromOrgAmt072500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0840102
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0941099
IRS990/TotalVolunteersCnt0120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252620
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0818044
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt078838
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6755
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt055000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt095000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0916 E 3RD STREET
IRS990/USAddress/CityNm0DULUTH
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055805
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010

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