Hamilton Park Montessori School a New Jersey Non-profit Corporation
Nonprofit profile at a glance
- EIN
- 822344092
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Jersey City, NJ, USA
- Phone
- 2015331910
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $7,578,749
- Expenses
- $8,082,346
- Assets
- $18,711,285
- Liabilities
- $17,856,203
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SAMANTHA C TRICE (PRESIDENT)
Highest reported compensation
- ALEXA HUXEL (EX OFFICIO): $165,749 total reported compensation
- SAMANTHA C TRICE (PRESIDENT): $138,558 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation has been organized exclusively for charitable, and educational purposes within the meaning of section 501(c)(3) of the internal revenue code. More specifically, the purpose for which the corporation is organized is to educate children from infancy through eighth grade, following the vision of maria montessori, who was thrice nominated for the nobel peace prize for her advocacy of children and her work toward world peace. Built on montessori's values and her scientific observation of the nature of learning, hpms' curriculum lays a sound foundation in mathematics, language, geography, science and social science, creative arts, physical movement, sensory learning and practical living. As montessorians, we believe this strong foundation is the key to academic success, personal growth and global awareness.
What it reported doing in 2024
To educate children from infancy through eighth grade, following the vision of maria montessori. Hpms' curriculum lays a sound foundation in mathematics, language, geography, science and social science, creative arts, physical movement, sensory learning and practical living. As montessorians, we believe this strong foundation is the key to academic success, personal growth and global awareness.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 60
- Accountability: 45
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 77.5%; rating input score 78
- Fundraising efficiency: $0.58 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.95; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 27.9% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 77.5% of spending went to programs
- Governance: 3 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $6.3M in reported program spending
- Leadership: top reported pay $166K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 2/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.