Civic Intelligence

West Orange Montessori Charter School Inc

990 • Fiscal year 2021 • EIN 90-0658753

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 29, 2021

1644 N Lakewood AveOcoee, FL 34761

(407) 654-2045

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.60x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

25th percentile

0.7%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$101,592

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

82nd percentile

32%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-0.8%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,887,355

Up $452,936 (+32%) from 2020

Net Assets

Up

$755,954

Up $44,007 (+6.2%) from 2020

Liabilities

Up

$1,131,401

Up $408,929 (+57%) from 2020

Revenue

Down

$6,363,005

Down $54,072 (-0.8%) from 2020

Expenses

Up

$6,318,998

Up $229,501 (+3.8%) from 2020

Net Income

Down

$44,007

Down $283,573 (-87%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2012: $70,086Liabilities 2012: $30,619Net Assets 2012: $39,4672012Assets 2013: $171,424Liabilities 2013: $55,079Net Assets 2013: $116,3452013Assets 2014: $174,644Liabilities 2014: $38,108Net Assets 2014: $136,5362014Assets 2015: $211,791Liabilities 2015: $75,019Net Assets 2015: $136,7722015Assets 2016: $302,215Liabilities 2016: $154,099Net Assets 2016: $148,1162016Assets 2017: $613,355Liabilities 2017: $292,889Net Assets 2017: $320,4662017Assets 2018: $1,059,042Liabilities 2018: $609,813Net Assets 2018: $449,2292018Assets 2019: $1,031,841Liabilities 2019: $647,474Net Assets 2019: $384,3672019Assets 2020: $1,434,419Liabilities 2020: $722,472Net Assets 2020: $711,9472020Assets 2021: $1,887,355Liabilities 2021: $1,131,401Net Assets 2021: $755,9542021Assets 2022: $28,817,565Liabilities 2022: $27,838,122Net Assets 2022: $979,4432022Assets 2023: $28,743,684Liabilities 2023: $28,298,287Net Assets 2023: $445,3972023Assets 2024: $27,651,587Liabilities 2024: $27,743,943Net Assets 2024: -$92,3562024Assets 2025: $28,094,820Liabilities 2025: $27,727,392Net Assets 2025: $367,4282025

Highlighted filing

2021

Assets$1,887,355
Liabilities$1,131,401
Net Assets$755,954

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $696,2332012Expenses 2013: $1,046,4852013Revenue 2014: $1,414,053Expenses 2014: $1,393,862Net Income 2014: $20,1912014Revenue 2015: $1,602,770Expenses 2015: $1,602,534Net Income 2015: $2362015Revenue 2016: $1,930,452Expenses 2016: $1,919,108Net Income 2016: $11,3442016Revenue 2017: $2,498,427Expenses 2017: $2,326,077Net Income 2017: $172,3502017Revenue 2018: $3,389,061Expenses 2018: $3,260,298Net Income 2018: $128,7632018Revenue 2019: $5,709,269Expenses 2019: $5,776,704Net Income 2019: -$67,4352019Revenue 2020: $6,417,077Expenses 2020: $6,089,497Net Income 2020: $327,5802020Revenue 2021: $6,363,005Expenses 2021: $6,318,998Net Income 2021: $44,0072021Revenue 2022: $8,008,835Expenses 2022: $7,785,345Net Income 2022: $223,4902022Revenue 2023: $8,503,993Expenses 2023: $9,038,039Net Income 2023: -$534,0462023Revenue 2024: $11,020,267Expenses 2024: $11,136,973Net Income 2024: -$116,7062024Revenue 2025: $11,753,870Expenses 2025: $11,294,086Net Income 2025: $459,7842025

Highlighted filing

2021

Revenue$6,363,005
Expenses$6,318,998
Net Income$44,007
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 29, 2021
Return Version
2020v4.1
Gross Receipts
$6,363,005
Mission and Program Overview

Mission

To operate a public charter in orange county, florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$232,864$766,008▲ $533,144
Rtn Earn Endowment Incm Other Fnds$637,783$681,790▲ $44,007
Cash and Non-Interest-Bearing Accounts$821,912$635,636▼ $186,276
Prepaid Expenses and Deferred Charges$369,643$475,711▲ $106,068
Pd in Cap Srpls Land Bldg Eqp Fund$74,164$74,164→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,434,419$1,887,355▲ $452,936
Other Assets Total$10,000$10,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$563,772$620,327▲ $56,555
Mortgage Notes Payable Secured by Investment Property$158,700$511,074▲ $352,374
Total Liabilities$722,472$1,131,401▲ $408,929
Net Assets / Fund Balance
Total Net Assets Fund Balance$711,947$755,954▲ $44,007
Total Liabilities and Net Assets / Fund Balance$1,434,419$1,887,355▲ $452,936

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$470,975--
Equipment$102,489$45,362-
Leasehold Improvements$192,544$54,075-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kevin StoneBoard Member$101,592$101,592

Board Members and Trustees

NameTitle
Brett CaseyPresident
Stacey WilliamsVice President
Aj StevensonBoard Member
Patrice ChericoExecutive Director
Kristin ChaseSecretary
Phillip GallinaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,703
Program Service Revenue
$5,755,015
Investment Income
$61
Other Revenue
$262,226
Change in Net Assets
$44,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,846,558
Revenue Not Reported on Financial Statements
$516,447
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$516,447
Total Revenue per Audited Statements
$5,846,558
Total Revenue per Form 990
$6,363,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,318,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$197,229$100,291-$297,520
Other Expenses$192,765$386,819-$192,765
Depreciation Depletion$34,169$5,427-$39,596
Interest$33,757--$33,757
Total Functional Expenses$5,826,461$492,537$0$6,318,998

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,318,998
Expenses per Audited Statements$5,804,294
Total Expenses per Audited Statements$5,804,294
Expenses Not Reported on Financial Statements$514,704
Other Expense Adjustments$514,704
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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, Part VI, Section B, Line 11B

The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the board for approval.

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

At each board meeting, the agenda is notated to remind board members to recuse from voting on any item that may be a conflict of interest.

Form 990, Part VI, Section B, Line 15B

The principal's salary is approved annually by the board at a public meeting.

Form 990, Part VI, Section C, Line 19

Information is available thrpugh the school's website and/or upon request.

Filing and Contact Details

Filer

Filer Name
Innovation Montessori Ocoee Inc
EIN
90-0658753
Phone
4076542045
Address
1644 N LAKEWOOD AVE, OCOEE, FL 34761

Signing Officer

Name
Patrice Cherico
Title
Executive Director
Phone
4076542045
Signed
2021-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrice Cherico
Formed
2011
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
127
Volunteers
0

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas R Tschopp
Phone
4078752760
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

PRESCHOOL REVENUE

PART XII, LINE 4B - OTHER ADJUSTMENTS:

PRESCHOOL EXPENSES

Raw XML Appendix386 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/ProgSrvcAccomActy2Grp/Desc0INNOVATION MONTESSORI OCOEE OFFERS A PRIVATE, TUITION BASED CASA PROGRAM FOR CHILDREN BETWEEN THE AGES ON TWO AND A HALF AND FOUR. THE MISSION OF THIS PROGRAM FOR PRESCHOOL AGE CHILDREN IS PROVIDE A STRONG MONTESSORI FOUNDATION THAT ENABLES STUDENTS TO ACHIEVE THEIR FULL POTENTIAL, DEVELOP CURIOSITY, CREATIVITY, AND IMAGINATION.
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IRS990ScheduleD/RevenueSubtotalAmt05846558
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRESCHOOL REVENUE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PRESCHOOL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0766008
IRS990ScheduleD/TotalExpensesPerForm990Amt06318998
IRS990ScheduleD/TotalRevenuePerForm990Amt06363005
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05846558
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05804294
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 NONDISCRIMINATORY POLICY IS POSTED ON ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL'S SALARY IS APPROVED ANNUALLY BY THE BOARD AT A PUBLIC MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE THRPUGH THE SCHOOL'S WEBSITE AND/OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01434419
IRS990/TotalAssetsEOYAmt01887355
IRS990/TotalAssetsGrp/BOYAmt01434419
IRS990/TotalAssetsGrp/EOYAmt01887355
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0345703
IRS990/TotalEmployeeCnt0127
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0492537
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05826461
IRS990/TotalFunctionalExpensesGrp/TotalAmt06318998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0722472
IRS990/TotalLiabilitiesEOYAmt01131401
IRS990/TotalLiabilitiesGrp/BOYAmt0722472
IRS990/TotalLiabilitiesGrp/EOYAmt01131401
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0711947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0755954
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05826461
IRS990/TotalProgramServiceRevenueAmt05755015
IRS990/TotalReportableCompFromOrgAmt0101592
IRS990/TotalRevenueGrp/ExclusionAmt061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06017241
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06363005
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01434419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01887355
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01644 N LAKEWOOD AVE
IRS990/USAddress/CityNm0OCOEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034761
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.INNOVATIONMONTESSORI.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICE CHERICO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04076542045
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION MONTESSORI OCOEE INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0900658753
ReturnHeader/Filer/PhoneNum04076542045
ReturnHeader/Filer/USAddress/AddressLine1Txt01644 N LAKEWOOD AVE
ReturnHeader/Filer/USAddress/CityNm0OCOEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034761
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP WHITCOMB ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVENUE SUITE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078752760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS R TSCHOPP
ReturnHeader/ReturnTs02021-11-29T15:19:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PATRICE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHERICO
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.1$27.7$0.37$11.8$11.3$0.46
2024Detailed filing. Detailed filing data is available for this year.$27.7$27.7$0.09$11.0$11.1$0.12
2023Detailed filing. Detailed filing data is available for this year.$28.7$28.3$0.45$8.50$9.04$0.53
2022Detailed filing. Detailed filing data is available for this year.$28.8$27.8$0.98$8.01$7.79$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.89$1.13$0.76$6.36$6.32$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.72$0.71$6.42$6.09$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.65$0.38$5.71$5.78$0.07
2018Summary only. Only limited summary data is available for this year.$1.06$0.61$0.45$3.39$3.26$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.61$0.29$0.32$2.50$2.33$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.15$0.15$1.93$1.92$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.08$0.14$1.60$1.60$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.04$0.14$1.41$1.39$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.06$0.12$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.03$0.04$0.70
Peer Organizations

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