Madison Montessori School
Nonprofit profile at a glance
- EIN
- 222376191
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Madison, NJ, USA
- Phone
- 9739669544
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $955,792
- Expenses
- $810,219
- Assets
- $1,842,306
- Liabilities
- $396,516
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Jennifer Jardim (President)
Highest reported compensation
- Laura Arzeno (Executive Officer): $113,382 total reported compensation
- Jennifer Jardim (President): $68,693 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Preschool instruction
What it reported doing in 2024
Preschool students with emphasis on montessori curriculum and there are 5 programs for this age group.
Operating model
- Revenue model
- Earned-program. 84% 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 100
- Accountability: 9
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.6%; rating input score 51
- Program expense ratio: 63.9%; rating input score 64
- Fundraising efficiency: $19.77 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.2%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 2.27; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 22.5%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 50.6% of revenue deployed · 63.9% of spending went to programs
- Governance: 0 of 8 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $517K in reported program spending
- Leadership: top reported pay $113K · 8 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2011 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 — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.