Civic Intelligence

Three Rivers Montessori

EIN 82-2803489 • 501(c)3 • Elk River, MN

Pub. 78 Eligible990-N Coverage

Profile

Empowering students to reach their full potential through authentic Montessori learning

17267 Yale St NWElk River, MN 55330

threeriversmontessori.org

Siviq Scores

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

Liabilities / Assets

96th percentile

1.35x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.64x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

47%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$3,287,710

Down $278,786 (-7.8%) from 2024

Liabilities

Down

$4,506,188

Down $325,190 (-6.7%) from 2024

Net Assets

Up

-$1,218,478

Up $46,404 (+3.7%) from 2024

Revenue

Up

$2,065,548

Up $237,806 (+13%) from 2024

Expenses

Down

$2,019,144

Down $555,724 (-22%) from 2024

Net Income

Up

$46,404

Up $793,530 (+106%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $22,594Liabilities 2020: $32,582Net Assets 2020: -$9,9882020Assets 2021: $226,643Liabilities 2021: $69,166Net Assets 2021: $157,4772021Assets 2022: $1,649,826Liabilities 2022: $1,773,790Net Assets 2022: -$123,9642022Assets 2023: $1,445,284Liabilities 2023: $1,963,040Net Assets 2023: -$517,7562023Assets 2024: $3,566,496Liabilities 2024: $4,831,378Net Assets 2024: -$1,264,8822024Assets 2025: $3,287,710Liabilities 2025: $4,506,188Net Assets 2025: -$1,218,4782025

Highlighted filing

2025

Assets$3,287,710
Liabilities$4,506,188
Net Assets-$1,218,478

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $99,500Expenses 2020: $109,488Net Income 2020: -$9,9882020Revenue 2021: $1,229,546Expenses 2021: $1,062,081Net Income 2021: $167,4652021Revenue 2022: $2,411,731Expenses 2022: $2,693,577Net Income 2022: -$281,8462022Revenue 2023: $2,134,288Expenses 2023: $2,536,424Net Income 2023: -$402,1362023Revenue 2024: $1,827,742Expenses 2024: $2,574,868Net Income 2024: -$747,1262024Revenue 2025: $2,065,548Expenses 2025: $2,019,144Net Income 2025: $46,4042025

Highlighted filing

2025

Revenue$2,065,548
Expenses$2,019,144
Net Income$46,404

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.5
Gross Receipts
$2,070,378
Mission and Program Overview

Mission

Empowering students to reach their full potential through authentic Montessori learning

Empowering students to reach their full potential through authentic Montessori learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,521$2,715,757▲ $2,707,236
Pledges and Grants Receivable$285,814$272,495▼ $13,319
Cash and Non-Interest-Bearing Accounts$78,232$74,854▼ $3,378
Prepaid Expenses and Deferred Charges-$5,956-
Accounts Receivable$6,803$814▼ $5,989
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,264,882$-1,218,478▲ $46,404
Total Assets$3,566,496$3,287,710▼ $278,786
Other Assets Total$3,187,126$217,834▼ $2,969,292
Liabilities
Other Liabilities$4,544,018$4,348,371▼ $195,647
Accounts Payable and Accrued Expenses$162,360$157,737▼ $4,623
Unsecured Notes Loans Payable$125,000$0▼ $125,000
Deferred Revenue-$80-
Total Liabilities$4,831,378$4,506,188▼ $325,190
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,264,882$-1,218,478▲ $46,404
Total Liabilities and Net Assets / Fund Balance$3,566,496$3,287,710▼ $278,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,701,868$944,998$3,646,866
Equipment$9,757$2,765$12,522
Leasehold Improvements$4,132$1,842$5,974
Other Assets Org$217,834--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula HenryExecutive DirectorFT$45,692$106$45,798
Nikki PattersonMember/TeacherFT$37,240$6,104$43,344
Lydia SkadbergMember/TeacherFT$30,422$2,707$33,129

Board Members and Trustees

NameTitle
Jenny HepokoskiBoard Chair
Brooke BlomkerMember
Timothy EilrichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,960,333
Program Service Revenue
$96,208
Investment Income
$0
Other Revenue
$9,007
All Other Contributions
$3,398
Change in Net Assets
$46,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,065,548
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,065,548
Total Revenue per Form 990
$2,065,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,301,426
Other Expenses$717,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$838,334$49,921-$888,255
Occupancy$207,383--$207,383
Current Officers, Directors, Trustees, and Key Employees$87,728$94,995-$182,723
Depreciation Depletion$146,066--$146,066
Fees for Services Other$93,744$17,221-$110,965
Other Employee Benefits$91,818$6,999-$98,817
Other Expenses$95,465--$95,465
Fees for Services Accounting-$84,063-$84,063
Payroll Taxes$69,034$11,042-$80,076
Pension Plan Contributions$32,867$18,688-$51,555
Information Technology$15,638$7,923-$23,561
Office Expenses$4,255$17,965-$22,220
Insurance$13,891--$13,891
Interest-$5,342-$5,342
Travel$4,893--$4,893
Fees for Services Legal-$3,869-$3,869
Total Functional Expenses$1,701,116$318,028$0$2,019,144

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,019,144
Total Expenses per Audited Statements$2,019,144
Total Expenses per Form 990$2,019,144
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$3,245,212
Pension Liabilities$783,395
Deferred Pension Inflows$319,764
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

The school's delegates which include employees of the school and parent(s)/guardian(s) of enrolled students elect the Board of Directors at the annual meeting.

Form 990, Part VI, Section A, line 8B

The school does not have any committee act on behalf of the Board of Directors.

Form 990, Part VI, Section B, line 11B

The Form 990 will be reviewed by the Executive Director prior to filing.

Form 990, Part VI, Section B, line 12C

The school's policy covers the Board of Directors, committees thereof, and school employees and requires that covered individuals must complete an annual statement concerning possible conficts of interest. Transactions where a conflict of interest is determined to exist may not be entered into unless the interest is disclosed or known to the Board of Directors, the Board approves, authorizes, or ratifies the action in good faith. The approval is by a majority of Directors and a quorum is present, not counting the Interested Director individuals with potential conflicts, may be present to answer questions, but must leave the room for deliberation and the vote. All proceedings related to conflicts of interest are noted in the meeing minutes.

Form 990, Part VI, Section B, line 15A

The Executive Director's compensation is set by the Board of Directors following a performance evaluation as part of the annual budgeting process. This was last conducted in 2021 for the Executive Director.

Form 990, Part VI, Section C, line 19

The school's governing documents, conflict of interest policy, and finacial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Three Rivers Montessori
EIN
82-2803489
Phone
7635951213
Address
17267 Yale St NW, Elk River, MN 55330

Signing Officer

Name
Paula Henry
Title
Executive Director
Phone
7635951213
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Henry
Formed
2017
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
46
Volunteers
20

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Cynthia Barta CPA
Phone
9528359090
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02701868
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0944998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03646866
IRS990ScheduleD/EquipmentGrp/BookValueAmt09757
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02765
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012522
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02019144
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04132
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01842
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05974
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0217834
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Outflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0783395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1319764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23245212
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Pension Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease Liabilities
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02065548
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02715757
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0217834
IRS990ScheduleD/TotalExpensesPerForm990Amt02019144
IRS990ScheduleD/TotalLiabilityAmt04348371
IRS990ScheduleD/TotalRevenuePerForm990Amt02065548
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02065548
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02019144
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school's nondiscriminatory policy is available on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school receives federal and state funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school's delegates which include employees of the school and parent(s)/guardian(s) of enrolled students elect the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The school does not have any committee act on behalf of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 will be reviewed by the Executive Director prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's policy covers the Board of Directors, committees thereof, and school employees and requires that covered individuals must complete an annual statement concerning possible conficts of interest. Transactions where a conflict of interest is determined to exist may not be entered into unless the interest is disclosed or known to the Board of Directors, the Board approves, authorizes, or ratifies the action in good faith. The approval is by a majority of Directors and a quorum is present, not counting the Interested Director individuals with potential conflicts, may be present to answer questions, but must leave the room for deliberation and the vote. All proceedings related to conflicts of interest are noted in the meeing minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director's compensation is set by the Board of Directors following a performance evaluation as part of the annual budgeting process. This was last conducted in 2021 for the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The school's governing documents, conflict of interest policy, and finacial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03566496
IRS990/TotalAssetsEOYAmt03287710
IRS990/TotalAssetsGrp/BOYAmt03566496
IRS990/TotalAssetsGrp/EOYAmt03287710
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01960333
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0318028
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01701116
IRS990/TotalFunctionalExpensesGrp/TotalAmt02019144
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04831378
IRS990/TotalLiabilitiesEOYAmt04506188
IRS990/TotalLiabilitiesGrp/BOYAmt04831378
IRS990/TotalLiabilitiesGrp/EOYAmt04506188
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1264882
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1218478
IRS990/TotalOtherCompensationAmt08917
IRS990/TotalProgramServiceExpensesAmt01701116
IRS990/TotalProgramServiceRevenueAmt096208
IRS990/TotalReportableCompFromOrgAmt0113354
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0105215
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02065548
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03566496
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03287710
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04893
IRS990/TravelGrp/TotalAmt04893
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0125000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt017267 Yale St NW
IRS990/USAddress/CityNm0Elk River
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055330
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0threeriversmontessori.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Paula Henry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07635951213
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-02

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