Innovation Montessori Inc

Nonprofit profile at a glance

EIN
900658753
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Ocoee, FL, USA
Phone
4076542045
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$12,971,273
Expenses
$11,887,748
Assets
$29,052,902
Liabilities
$27,601,949

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • HEATHER CLAY (EXECUTIVE DIRECTOR)
  • MARISSA CARAVELIS (PRESIDENT)

Highest reported compensation

  • HEATHER CLAY (EXECUTIVE DIRECTOR): $93,436 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate a public charter in orange county, Florida

What it reported doing in 2025

Innovation montessori ocoee offers a private, tuition based casa program for children between the ages of 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.

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.8%; rating input score 75
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.4%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 2.44; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 88; 88th percentile among comparable filings

Growth

  • Program expense growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 15.8% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 74.8% of revenue deployed · 81.3% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $9.7M in reported program spending
  • Leadership: top reported pay $93K · 8 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 14 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 filed related-organization links
  • 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.

  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.