2024-05-15T13:43:29-05:00 2023-06-30 043100673 LCW CPAs 303 Canal Street Suite 200 Lawrence MA 01840 990 2022-07-01 042321011 Cambridge Montessori School Inc CAMB 6174923410 129 Sherman Street Cambridge MA 02140 Nikki Jacobs CFO 6174923410 2024-05-15 1 Nikki Jacobs 999009999 0 Shannon B Lee CPA P02370900 9786898822 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Nikki Jacobs 129 Sherman Street Cambridge MA 02140 11404680 0 X cambridgemontessori.org X 1964 MA See Schedule O 9 9 100 0 0 0 949256 153581 5518231 4829114 5497 -1326294 39925 13118 6512909 3669519 526620 362518 0 0 3991181 3390765 0 0 38745 1495300 1412963 6013101 5166246 499808 -1496727 12137807 6871771 10052023 5277939 2085784 1593832 X AT CAMBRIDGE MONTESSORI SCHOOL, WE PARTNER WITH OUR DIVERSE COMMUNITY, USING AUTHENTIC MONTESSORI PRINCIPLES TO REVEAL EACH CHILD'S INNATE LOVE OF LEARNING AND PREPARE OUR CHILDREN TO THRIVE IN A COMPLEX WORLD. 0 0 4340118 362518 4829114 TODDLER THROUGH MIDDLE SCHOOL EDUCATION PROGRAMS TO CHILDREN RANGING FROM 21 MONTHS TO 14 YEARS OLD, ALONG WITH DAY CARE SERVICES. 80 Rental of parking spaces 80 4340118 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 8 0 100 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X Nikki Jacobs 6174923410 129 Sherman Street Cambridge MA 02140 Anne Lawson Treasurer 2.00 X X 0 0 0 Robert Cooke Clerk 2.00 X X 0 0 0 Michael Flannery President 2.00 X X 0 0 0 Todd Goulet Trustee 2.00 X 0 0 0 John Sweeney Trustee 2.00 X 0 0 0 Amelia Newbury Trustee 2.00 X 0 0 0 Sarah Ontiveros Trustee 2.00 X 0 0 0 Jill Becker Trustee 2.00 X 0 0 0 Mike Cragg Trustee 2.00 X 0 0 0 Nikki Jacobs CFO 40.00 X 152351 0 0 Allison Lynch Assistant Head of School 40.00 X 117103 0 0 Sue Angelides Head of School 40.00 X 0 0 0 Debra Smith Head of Admissions 40.00 X 100964 0 0 370418 0 0 3 1 1 0 0 30000 123581 15581 153581 School Tuition 611710 4148972 4148972 Summer school tuition 611710 342620 342620 Extended day program 611710 323701 323701 Other tuition & fees 611710 13741 13741 Rental income 531390 80 80 4829114 9947 9947 6350000 7686241 -1336241 -1336241 -1336241 62038 48920 13118 13118 3669519 3492873 0 23065 362518 362518 2810384 2545253 240231 24900 36194 33814 2096 284 338321 290610 43939 3772 205866 172783 30242 2841 45727 45727 25275 25275 195017 111395 83622 85545 73625 11920 406551 378769 25749 2033 149794 149794 92283 85977 5845 461 48193 44899 3053 241 Educational expenses 221207 174018 43088 4101 Recruiting 61216 61216 Special events 35046 30143 4903 Equipment rental 22295 20771 1412 112 24814 15543 9271 5166246 4340118 787383 38745 1457815 2030044 1444899 2748715 28957 25381 5305562 3609644 9057650 1695918 12168 32894 136318 338819 12137807 6871771 187541 223037 3224048 3591509 6640434 1463393 10052023 5277939 X 2085784 1593832 2085784 1593832 12137807 6871771 -1496727 355 1004419 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 350000 350000 3888145 2603087 1285058 153695 115584 38111 818839 796090 22749 94883 94883 0 1695918 X 4643597 355 355 4643242 -973723 -973723 3669519 6139969 0 6139969 -973723 -973723 5166246 Part X, Line 2: Income taxes are accounted for in accordance with the Accounting Standards Codification Topic 740 "Income Taxes" (ASC 740). The School accounts for uncertain income tax positions under ASC 740. ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. As of June 30, 2023, the School had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The School's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the years ended June 30, 2023. Part XI, Line 4b - Other Adjustments: Financial aid Loss on sale of PP&E Part XII, Line 4b - Other Adjustments: Financial aid Loss on sale of PP&E 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 In accordance with REV. PROC. 75-50, the School has satisfied the publicity requirement as a result of its publication of its racially nondiscriminatory policy in all its brochures, catalogues, and in the newspaper. Auction 62038 62038 100 400 1418 62038 62038 100 400 1418 1918 60120 1 Financial Aid 17 362518 Part I, Line 2 - Procedures for monitoring the use of grant funds Financial aid is awarded solely on the basis of financial need and is presented as a eduction to the student's tuition and fees. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Nikki Jacobs CFO 152351 0 0 0 0 0 0 0 0 0 152351 0 0 0 Part III - Other Additional Information Annually a compensation committee composed of board members conducts a performance review and evaluation of the head of school. The review also establishes the individual's compensation for the following year. The process involves a review of compensation of comparable positions at similar organizations. The board's deliberation and decision are noted in the minutes of the meeting. The compensation of other officers and key employees is established by the head of school and is available for review by the board. Substantial contributors Board members 53469 Contribution 0 Form 990, Part VI, Section B, line 11b The Completed Form 990 will be presented to the Board of Directors prior to its filing Form 990, Part VI, Section B, line 12c Each year the Organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy,have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts in the coming year.All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote istaken (with those involved recusing themselves) as to whether the Organization will enter into the transaction. Form 990, Part VI, Section B, line 15a Annually, a compensation committee composed of board members conducts a performance review and evaluation of the head of school. The review also establishes the individual's compensation of comparable positions at similar organizations. The board's deliberation and decision is noted in the minutes of the meeting. The compensation of other officers and key employees is established by the head of school and is available for review by the board. Form 990, Part VI, Section C, line 19 The Organization's articles or incorporation are available at the secretary of state's office. The annual financial statements are included in the annual filing with the state attorney general and are available for public inspection at that office. The Organization does not make its by-laws or its conflict of interest policy available to the public as it does not believe that a public purpose would be served by doing so. All legally mandated policies are included in the employee and student handbooks.