Civic Intelligence

Intercultural Montessori Foreign

EIN 83-0415982 • 501(c)3 • Chicago, IL

Profile

Intercultural develops condident, multicultural, multilingual children who respect diversity and community for children between the ages of two and middle school grades.

114 South RacineChicago, IL 60607

interculturalmontessori.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.85x

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

3.07x

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

33rd percentile

-0.5%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

33rd percentile

$115,459

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

27th percentile

-1.2%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

1.8%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$23,179,208

Down $432,645 (-1.8%) from 2023

Liabilities

Down

$19,747,785

Down $229,911 (-1.2%) from 2023

Net Assets

Down

$3,431,423

Down $202,734 (-5.6%) from 2023

Revenue

Up

$6,888,957

Up $371,683 (+5.7%) from 2023

Expenses

Up

$7,163,180

Up $612,231 (+9.3%) from 2023

Net Income

Down

-$274,223

Down $240,548 (-714%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,494,012Liabilities 2011: $1,267,316Net Assets 2011: $226,6962011Assets 2012: $1,762,265Liabilities 2012: $1,439,780Net Assets 2012: $322,4852012Assets 2013: $2,457,292Liabilities 2013: $1,819,731Net Assets 2013: $637,5612013Assets 2014: $3,076,669Liabilities 2014: $1,761,488Net Assets 2014: $1,315,1812014Assets 2015: $24,026,446Liabilities 2015: $21,714,426Net Assets 2015: $2,312,0202015Assets 2016: $24,638,862Liabilities 2016: $21,885,746Net Assets 2016: $2,753,1162016Assets 2017: $25,058,610Liabilities 2017: $22,060,571Net Assets 2017: $2,998,0392017Assets 2018: $25,228,156Liabilities 2018: $22,081,994Net Assets 2018: $3,146,1622018Assets 2019: $24,881,118Liabilities 2019: $21,529,427Net Assets 2019: $3,351,6912019Assets 2020: $23,699,072Liabilities 2020: $20,343,585Net Assets 2020: $3,355,4872020Assets 2021: $23,824,479Liabilities 2021: $20,184,519Net Assets 2021: $3,639,9602021Assets 2022: $23,908,341Liabilities 2022: $20,216,341Net Assets 2022: $3,692,0002022Assets 2023: $23,611,853Liabilities 2023: $19,977,696Net Assets 2023: $3,634,1572023Assets 2024: $23,179,208Liabilities 2024: $19,747,785Net Assets 2024: $3,431,4232024

Highlighted filing

2024

Assets$23,179,208
Liabilities$19,747,785
Net Assets$3,431,423

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,852,384Expenses 2011: $1,708,023Net Income 2011: $144,3612011Revenue 2012: $2,394,959Expenses 2012: $2,299,170Net Income 2012: $95,7892012Revenue 2013: $2,926,290Expenses 2013: $2,611,214Net Income 2013: $315,0762013Revenue 2014: $3,728,312Expenses 2014: $3,050,692Net Income 2014: $677,6202014Revenue 2015: $4,384,649Expenses 2015: $3,378,233Net Income 2015: $1,006,4162015Revenue 2016: $5,261,840Expenses 2016: $4,861,642Net Income 2016: $400,1982016Revenue 2017: $5,914,437Expenses 2017: $5,634,975Net Income 2017: $279,4622017Revenue 2018: $6,364,742Expenses 2018: $6,167,923Net Income 2018: $196,8192018Revenue 2019: $6,053,858Expenses 2019: $5,848,414Net Income 2019: $205,4442019Revenue 2020: $5,795,378Expenses 2020: $5,788,768Net Income 2020: $6,6102020Revenue 2021: $5,976,789Expenses 2021: $5,685,098Net Income 2021: $291,6912021Revenue 2022: $6,400,585Expenses 2022: $6,209,066Net Income 2022: $191,5192022Revenue 2023: $6,517,274Expenses 2023: $6,550,949Net Income 2023: -$33,6752023Revenue 2024: $6,888,957Expenses 2024: $7,163,180Net Income 2024: -$274,2232024

Highlighted filing

2024

Revenue$6,888,957
Expenses$7,163,180
Net Income-$274,223

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.2$19.7$3.43$6.89$7.16$0.27
2023Detailed filing. Detailed filing data is available for this year.$23.6$20.0$3.63$6.52$6.55$0.03
2022Detailed filing. Detailed filing data is available for this year.$23.9$20.2$3.69$6.40$6.21$0.19
2021Detailed filing. Detailed filing data is available for this year.$23.8$20.2$3.64$5.98$5.69$0.29
2020Detailed filing. Detailed filing data is available for this year.$23.7$20.3$3.36$5.80$5.79$0.01
2019Detailed filing. Detailed filing data is available for this year.$24.9$21.5$3.35$6.05$5.85$0.21
2018Detailed filing. Detailed filing data is available for this year.$25.2$22.1$3.15$6.36$6.17$0.20
2017Detailed filing. Detailed filing data is available for this year.$25.1$22.1$3.00$5.91$5.63$0.28
2016Summary only. Only limited summary data is available for this year.$24.6$21.9$2.75$5.26$4.86$0.40
2015Summary only. Only limited summary data is available for this year.$24.0$21.7$2.31$4.38$3.38$1.01
2014Summary only. Only limited summary data is available for this year.$3.08$1.76$1.32$3.73$3.05$0.68
2013Summary only. Only limited summary data is available for this year.$2.46$1.82$0.64$2.93$2.61$0.32
2012Summary only. Only limited summary data is available for this year.$1.76$1.44$0.32$2.39$2.30$0.10
2011Summary only. Only limited summary data is available for this year.$1.49$1.27$0.23$1.85$1.71$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 22, 2024
Return Version
2023v6.0
Gross Receipts
$9,242,916
Mission and Program Overview

Mission

GRAMMAR SCHOOL

Intercultural develops students who respect diversity and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,406,172$16,568,304▲ $162,132
Savings and Temporary Cash Investments$4,456,158$3,706,404▼ $749,754
Investments in Publicly Traded Securities$2,402,994$2,527,697▲ $124,703
Cash and Non-Interest-Bearing Accounts$294,505$297,269▲ $2,764
Accounts Receivable$555$54,328▲ $53,773
Prepaid Expenses and Deferred Charges$51,469$25,206▼ $26,263
Total Assets$23,611,853$23,179,208▼ $432,645
Liabilities
Tax Exempt Bond Liabilities$14,945,645$17,215,162▲ $2,269,517
Mortgage Notes Payable Secured by Investment Property$2,575,000--
Deferred Revenue$1,593,372$1,596,487▲ $3,115
Accounts Payable and Accrued Expenses$773,648$850,044▲ $76,396
Unsecured Notes Loans Payable$90,031$86,092▼ $3,939
Total Liabilities$19,977,696$19,747,785▼ $229,911
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,634,157$3,431,423▼ $202,734
Total Net Assets Fund Balance$3,634,157$3,431,423▼ $202,734
Total Liabilities and Net Assets / Fund Balance$23,611,853$23,179,208▼ $432,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,723,046$3,773,805$12,496,851
Leasehold Improvements$3,233,304$2,082,540$5,315,844
Land$3,328,002-$3,328,002
Other Land Buildings$1,075,783$42,125$1,117,908
Equipment$208,169$346,462$554,631
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roderick ShawHead of SchoFT$182,517$182,517
Roderick ShawHead of School-$182,517$182,517

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Moore Landscapes LLC-1869 TECHNY ROAD, 1869 TECHNY ROAD, Northbrook, IL 60062$171,826
Revenue and Support

Revenue Composition

Contributions and Grants
$154,527
Program Service Revenue
$6,409,531
Investment Income
$276,964
Other Revenue
$47,935
All Other Contributions
$154,527
Change in Net Assets
$-274,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,888,957
Revenue Not Reported on Form 990
$71,489
Total Revenue per Audited Statements
$6,960,446
Total Revenue per Form 990
$6,888,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,902,245
Other Expenses$3,260,935
Total Fundraising Expense$231,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,729,489$383,949$117,846$3,231,284
Interest$1,029,387$91,501$22,875$1,143,763
Depreciation Depletion$787,185$69,972$17,493$874,650
Occupancy$317,164$28,192$7,049$352,405
Payroll Taxes$237,037$40,470$11,563$289,070
Other Employee Benefits$157,280$26,853$7,671$191,804
Current Officers, Directors, Trustees, and Key Employees$76,035$95,043$19,009$190,087
Fees for Services Other$3,029$148,410-$151,439
Insurance$86,102$7,654$1,913$95,669
Office Expenses$56,961$5,063$1,266$63,290
Advertising--$23,313$23,313
Other Expenses$21,960$3,153$789$21,960
All Other Expenses$13,034$1,159$290$14,483
Total Functional Expenses$5,967,498$964,605$231,077$7,163,180

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,163,180
Total Expenses per Audited Statements$7,163,180
Total Expenses per Form 990$7,163,180
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,416
Fundraising Direct Expenses$17,971
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner/auction$50,416$50,416$17,971$32,445
Total Events$50,416$50,416$17,971$32,445
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Burbankcook Countyil2015-08-26$15,703,200EDUCATIONAL FACILITY
BCity of Burbankcook Countyil2015-08-26$3,920,000EDUCATIONAL FACILITY

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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 11B

The organization requests a voluntary financial audit from a licensed cpa. Once the audit is finalized, the 990 is prepared by the cpa and presented to the administration team and school accountant then is forwarded to the board's finance committee. Once the 990 has been reviewed and approved by the finance committee and the treasurer of the board, it is presented for final approval to the board of directors before being filed with the irs.

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

Each director, principal officer and member of a committee with governing board delegated powers signs a statement annually which affirms the individual has received a copy of the conflict of interest policy and has read and understands the policy; has agreed to comply with the policy and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition to acknowledgment of the policy by members of its governing body, the policy describes procedures to determine conflict of interest, and periodic reviews are performed.

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

Salary compensation for the head of school is established by recommendation of a committee appointed by the board of directors. It is based on the head of school's qualifications and experience and it is reviewed annually through a performance review.

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

Salary compensation for top management and key employees is initially determined by the head of school based on qualifications and experience, as well as compensation rates comparable to similar positions in other organizations. The head of school executes yearly evaluations and makes recommendations for further year increases.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Intercultural Montessori Foreign
EIN
83-0415982
Phone
3122651514
Address
114 SOUTH RACINE, CHICAGO, IL 60607
Doing Business As
See Schedule O Attached

Signing Officer

Name
Roderick Shaw
Title
Head of School
Phone
3122651514
Signed
2024-11-22

Organization Details

Principal Officer
Roderick Shaw
Formed
2005
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
104
Volunteers
20

Preparer

Firm
Rcs Cpas Pllc
Address
4415 HARRISON ST SUITE 552, HILLSIDE, IL 60162
Preparer
Mohammad Sheikh
Phone
7084829488
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

See schedule o attached intercultural montessori language school

Form 990, Page 1, Part I, Line 6

Board of directors are uncompensated.

Form 990, Page 2, Part III, Line 4D

A montessori school for general education of toddler, pre-kindergarten, kindergarten, elementary grade and middle school children. To encourage and fund bilingual and montessori education of toddler, pre-kindergarten, kindergarten, elementary grade and middle school children.

Financial Statement Notes

Schedule D, Page 3, Part X

Intercultural montessori foreign language school is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization has also been classified as an entity that is not a private foundation within the meaning of section 509 (a) and qualifies for deductible contributions as provided in section 170 (b)(1)(a)(vi). There was no unrelated business income nor unrecognized tax benefits for the year ended august 31, 2024. Each of the organization's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended august 31, 2024.

Raw XML AppendixShowing 400 of 601 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/ProgSrvcAccomActyOtherGrp/Desc0A MONTESSORI SCHOOL FOR GENERAL EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN. TO ENCOURAGE AND FUND BILINGUAL AND MONTESSORI EDUCATION OF TODDLER, PRE-KINDERGARTEN, KINDERGARTEN, ELEMENTARY GRADE AND MIDDLE SCHOOL CHILDREN.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTERCULTURAL MONTESSORI FOREIGN LANGUAGE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 (B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED AUGUST 31, 2024. EACH OF THE ORGANIZATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED AUGUST 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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