Civic Intelligence

Montessori Academy of Arlington Inc

EIN 75-1781829 • 501(c)3 • Arlington, TX

Profile

To provide quality Montessori education to a diverse student population in partnership with parents.

3428 W Arkansas LnArlington, TX 76016-5831

www.tmaonline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

37th percentile

-0.6%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$101,923

Higher top officer pay than 87% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-8.4%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,663,055

Up $49,431 (+1.4%) from 2023

Liabilities

Up

$784,541

Up $53,753 (+7.4%) from 2023

Net Assets

Down

$2,878,514

Down $4,322 (-0.1%) from 2023

Revenue

Down

$2,867,443

Down $595,998 (-17%) from 2023

Expenses

Down

$2,890,111

Down $592,793 (-17%) from 2023

Net Income

Down

-$22,668

Down $3,205 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,178,382Liabilities 2011: $1,575,760Net Assets 2011: $1,602,6222011Assets 2012: $3,137,670Liabilities 2012: $1,544,682Net Assets 2012: $1,592,9882012Assets 2013: $3,049,168Liabilities 2013: $1,421,008Net Assets 2013: $1,628,1602013Assets 2014: $3,007,710Liabilities 2014: $1,388,025Net Assets 2014: $1,619,6852014Assets 2015: $2,856,330Liabilities 2015: $1,255,639Net Assets 2015: $1,600,6912015Assets 2016: $2,874,887Liabilities 2016: $1,241,004Net Assets 2016: $1,633,8832016Assets 2017: $2,941,473Liabilities 2017: $1,176,019Net Assets 2017: $1,765,4542017Assets 2018: $3,062,406Liabilities 2018: $1,233,667Net Assets 2018: $1,828,7392018Assets 2019: $3,141,620Liabilities 2019: $1,174,387Net Assets 2019: $1,967,2332019Assets 2020: $3,084,371Liabilities 2020: $850,887Net Assets 2020: $2,233,4842020Assets 2021: $3,533,697Liabilities 2021: $1,194,428Net Assets 2021: $2,339,2692021Assets 2022: $3,944,373Liabilities 2022: $1,048,749Net Assets 2022: $2,895,6242022Assets 2023: $3,613,624Liabilities 2023: $730,788Net Assets 2023: $2,882,8362023Assets 2024: $3,663,055Liabilities 2024: $784,541Net Assets 2024: $2,878,5142024

Highlighted filing

2024

Assets$3,663,055
Liabilities$784,541
Net Assets$2,878,514

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,087,088Expenses 2011: $2,113,783Net Income 2011: -$26,6952011Revenue 2012: $1,966,511Expenses 2012: $1,976,145Net Income 2012: -$9,6342012Expenses 2013: $2,051,3712013Revenue 2014: $1,996,886Expenses 2014: $2,012,048Net Income 2014: -$15,1622014Revenue 2015: $2,110,139Expenses 2015: $2,120,796Net Income 2015: -$10,6572015Revenue 2016: $2,098,360Expenses 2016: $2,064,242Net Income 2016: $34,1182016Revenue 2017: $2,297,733Expenses 2017: $2,171,483Net Income 2017: $126,2502017Revenue 2018: $2,305,300Expenses 2018: $2,244,140Net Income 2018: $61,1602018Revenue 2019: $2,596,071Expenses 2019: $2,450,770Net Income 2019: $145,3012019Revenue 2020: $2,664,823Expenses 2020: $2,402,308Net Income 2020: $262,5152020Revenue 2021: $2,351,931Expenses 2021: $2,253,245Net Income 2021: $98,6862021Revenue 2022: $3,125,944Expenses 2022: $2,541,657Net Income 2022: $584,2872022Revenue 2023: $3,463,441Expenses 2023: $3,482,904Net Income 2023: -$19,4632023Revenue 2024: $2,867,443Expenses 2024: $2,890,111Net Income 2024: -$22,6682024

Highlighted filing

2024

Revenue$2,867,443
Expenses$2,890,111
Net Income-$22,668

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.66$0.78$2.88$2.87$2.89$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.61$0.73$2.88$3.46$3.48$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.94$1.05$2.90$3.13$2.54$0.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$1.19$2.34$2.35$2.25$0.10
2020Detailed filing. Detailed filing data is available for this year.$3.08$0.85$2.23$2.66$2.40$0.26
2019Detailed filing. Detailed filing data is available for this year.$3.14$1.17$1.97$2.60$2.45$0.15
2018Detailed filing. Detailed filing data is available for this year.$3.06$1.23$1.83$2.31$2.24$0.06
2017Summary only. Only limited summary data is available for this year.$2.94$1.18$1.77$2.30$2.17$0.13
2016Summary only. Only limited summary data is available for this year.$2.87$1.24$1.63$2.10$2.06$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.86$1.26$1.60$2.11$2.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.01$1.39$1.62$2.00$2.01$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$1.42$1.63$2.05
2012Summary only. Only limited summary data is available for this year.$3.14$1.54$1.59$1.97$1.98$0.01
2011Summary only. Only limited summary data is available for this year.$3.18$1.58$1.60$2.09$2.11$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Oct 23, 2024
Return Version
2023v6.0
Gross Receipts
$2,896,838
Mission and Program Overview

Mission

To provide quality Montessori

To provide quality Montessori education to a diverse student population in partnership with parents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,824,523$2,191,224▲ $366,701
Savings and Temporary Cash Investments$1,298,094$772,261▼ $525,833
Cash and Non-Interest-Bearing Accounts$207,191$450,435▲ $243,244
Investments in Publicly Traded Securities$126,040$147,541▲ $21,501
Prepaid Expenses and Deferred Charges$157,776$101,594▼ $56,182
Accounts Receivable$0--
Total Assets$3,613,624$3,663,055▲ $49,431
Liabilities
Deferred Revenue$646,574$723,280▲ $76,706
Accounts Payable and Accrued Expenses$84,214$61,261▼ $22,953
Total Liabilities$730,788$784,541▲ $53,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,882,836$2,878,514▼ $4,322
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$2,882,836$2,878,514▼ $4,322
Total Liabilities and Net Assets / Fund Balance$3,613,624$3,663,055▲ $49,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$869,133$1,513,667$2,382,800
Other Land Buildings$353,579$351,649$705,228
Land$512,246-$512,246
Leasehold Improvements$414,812$84,574$499,386
Equipment$41,454$178,398$219,852
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela DunbarHead of SchoolFT$130,000$33$130,033

Board Members and Trustees

NameTitle
Molly GamadesPresident
Gloria FarenthholdVice President
Brian DangelmaierParent Trustee
Alamaze HarrisonTrustee
Erin MorganSecretary
Dionne WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,273
Program Service Revenue
$2,846,035
Investment Income
$6,412
Other Revenue
$-3,277
All Other Contributions
$18,273
Change in Net Assets
$-22,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,092,994
Other Expenses$797,117
Total Fundraising Expense$1,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,368,632$369,154$1,331$1,739,117
Occupancy$328,411$31,000$0$359,411
Office Expenses$146,591$24,728$0$171,319
Payroll Taxes$102,522$36,868$102$139,492
Current Officers, Directors, Trustees, and Key Employees$6,502$123,532$0$130,034
Depreciation Depletion$91,475$7,758$0$99,233
Other Employee Benefits$70,563$13,788$0$84,351
Information Technology$25,720$31,721$0$57,441
Other Expenses$23,217$200$0$23,417
Advertising$0$15,153$0$15,153
Insurance$5,949$5,911$0$11,860
Travel$7,677$2,931$0$10,608
Conferences and Meetings$2,995$7,328$0$10,323
All Other Expenses$6,498$1,883$0$8,381
Payments to Affiliates$0$5,643$0$5,643
Fees for Services Accounting$0$2,708$0$2,708
Fees for Services Management$0$1,550$0$1,550
Fees for Services Legal$0$945$0$945
Fees for Service Investment Mgmnt Fees$0$708$0$708
Total Functional Expenses$2,188,516$700,162$1,433$2,890,111
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,742
Fundraising Gross Income$12,596
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Event$22,649$9,791$7,917$1,874
Fall Festival$6,642$2,805$2,420$385
Total Events$29,291$12,596$18,742$-6,146
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Montessori Academy of Arlington Inc
EIN
75-1781829
Phone
8172741548
Address
3428 W Arkansas Ln, Arlington, TX 76016-5831

Signing Officer

Name
Molly M Gamades
Title
President
Phone
8172741548
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
53
Volunteers
68

Preparer

Firm
Melanie D Henshaw CPA
Address
3713 WEDGHILL WAY, FORT WORTH, TX 76133
Preparer
Melanie D Henshaw CPA
Phone
8172392120
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

All members of The Montessori Academy are in one class. This one class is considered to be a general membership class. All members may elect trustees to the Board, approve bylaw amendments and vote on matters submitted to the vote of the membership.

Pt VI, Line 7A

Up to six (6) parent/guardian members of the Board of Trustees may be elected by The Montessori Academys general membership.

Pt VI, Line 7B

Each member of The Montessori Academy shall be entitled to one vote on each matter submitted by the Board of Trustees to the vote of the general membership class.

Pt VI, Line 11B

The school CPA scans and securely transmits the Form 990 electronically to each member of the Board of Trustees for review before the Form 990 is filed with the IRS. All voting members of the Board of Trustees and the Head of School may submit questions to the CPA before the form is filed.

Pt VI, Line 12C

Each year every member of the Board of Trustees is required to complete a conflict of interest questionaire. The questionaire is turned into the Secretary for review. Any actual conflicts are reviewed by the full Board. Any person sitting on the Board who has a conflict of interest is prohibited from participating in deliberations and decisions in which the conflict exists. The questionaires are submitted to the Head of School for filing.

Pt VI, Line 15A

The officers who serve on the Executive Committee are responsible for periodically conducting and documenting a compensation review for the Head of School. Compensation decisions are based on the following: 1. The data collected and resulting summative evaluation from the Head of School assessment; and 2. Market-based benchmarking data which may include average salary data from local, state, and national surveys for private (Head of School), public school (Principal), and non-profit (Executive Director) positions. Members of the Board of Trustees shall serve without compensation in their capacity as trustees.

Pt VI, Line 19

The governing documents and conflict of interest policy are published in the parent handbook. All financial statements are available upon request and at all Board meetings.

Pt XII, Line 1

A hybrid of the cash and accrual method of accounting is used by The Montessori Academy to clearly reflect gross income and expense being treated consistently from year to year.

Pt XII, Line 2C

The school CPA, Head of School and the Board Treasurer review the compilation and the selection of an independent accountant to compile the financial statements on an annual basis.

Raw XML AppendixShowing 400 of 515 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/MissionDesc0To provide quality Montessori education to a diverse student population in partnership with parents.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Molly M Gamades
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IRS990/ProgramServiceRevenueGrp/Desc2Summer Program
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IRS990/ProgSrvcAccomActy2Grp/Desc0We have provided before and after school care for approximately 108 children. The Montessori Academy expanded our herd of animals to include two goats and five chickens. The students in the extended day program help to care for these animals by walking the goats and feeding the animals, fostering a sense of responsibility and empathy as children learn to meet the needs of living creatures.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Montessori Academy provided a summer Montessori program for approximately 130 students. During the 2024 summer program The Montessori Academy elementary students explored new and interesting topics along with taking family field trips for a more hands-on experience related to their summer topics. Cooking and sewing courses were added to the enrichment programs. Children in the infant through early childhood programs continued their learning that is practiced throughout the school year, ensuring continued growth in all academic and social development.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondiscriminatory policy is printed on the homepage of the schools website. The racially nondiscriminatory policy is printed on the
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The racially nondiscriminatory policy is printed on the homepage of the schools website. homepage of the schools website.
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