Washington Montessori Institute Inc

Gaithersburg, MD | http://wmi-montessori.org

GuideStar Charity Check

EIN: 83-4115261

Contributions tax deductible
as of November 2023

IRS BMF 509(a)(1)
as of November 13, 2023

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Charity Check report

Mission

WMI's primary mission is to prepare adults to lead a community of children, supporting all aspects of development. This rigorous training inspires and challenges students in the transformative experience of becoming authentic Montessori teachers. This mission is accomplished by encouraging diversity of race, gender, ethnic origin, economics and opinion in our community and fostering a cooperative relationship among students, faculty, and the Montessori community at large.

Ruling year info

2019

Principal Officer

Grace Lee

Main address

9205 Huntmaster Rd

Gaithersburg, MD 20882 USA

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EIN

83-4115261

Subject area info

Education services

Population served info

Families

Parents

Caregivers

Students

Teachers

NTEE code info

Educational Services and Schools - Other (B90)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

AMI Teacher Training Courses

For over 100 years, Montessori education has been proven effective for children in a variety of settings, rural and urban, all around the world. Since 1962, Washington Montessori Institute (WMI) has provided high-quality Montessori education and training. WMI is an affiliate training center of the Association Montessori Internationale. WMI offers teacher training courses at the Assistants to Infancy (ages 0-3), Primary (ages 3-6), and Elementary (ages 6-12) levels.

The learning aims for WMI’s Montessori programs are as follows:
-Acquire a comprehensive knowledge of Montessori instructional methods and materials appropriate to specific age groups.
-Articulate the relationship of learning at a specific age group to the broader continuum of human development.
-Apply knowledge of the liberal arts to the design of integrated, interdisciplinary curricula.
-Develop the academic, professional, and personal skills to direct a Montessori classroom independently.
-Practice facilitation skills

Population(s) Served

Teachers

Students

Caregivers

Parents

Families

Where we work

External reviews

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Financials

Washington Montessori Institute Inc

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

1.80

Average of 1.87 over 4 years

Months of cash in 2022

SOURCE: IRS Form 990

6.9

Average of 7.5 over 4 years

Fringe rate in 2022

SOURCE: IRS Form 990

6%

Average of 2% over 4 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Washington Montessori Institute Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$37,884
Program Services	$80,592
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$118,476

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$6,401
Occupancy	$5,381
Printing, Publications, Postage, etc.	$0
Other Expenses	$28,869
Total Expenses	$40,651
Net Gain/Loss	$77,825

Revenue
Contributions	$65,573
Government Grants	$0
Program Services	$173,825
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$239,398

Expenses
Program Services	$102,558
Administration	$45,195
Fundraising	$0
Total Expenses	$147,753
Net Gain/Loss	$91,645

Functional expenses
Accounting Fees	$3,970
Advertising & Promotion	$214
Information Technology Expenses	$6,820
Insurance Expenses	$1,522
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$4,020
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$25,812
Government Grants	$0
Program Services	$298,848
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$324,660

Expenses
Program Services	$269,715
Administration	$45,927
Fundraising	$0
Total Expenses	$315,642
Net Gain/Loss	$9,018

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$4,987
Information Technology Expenses	$872
Insurance Expenses	$4,467
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$1,752
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$49,355
Government Grants	$0
Program Services	$519,827
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$569,182

Expenses
Program Services	$437,059
Administration	$129,155
Fundraising	$0
Total Expenses	$566,214
Net Gain/Loss	$2,968

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$358
Information Technology Expenses	$3,087
Insurance Expenses	$6,363
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$3,250
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Washington Montessori Institute Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Mar 25, 2019	Dec 31, 2019	Change
Contributions	$37,884
Cash & Equivalents	$0	$51,718	$51,718
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$26,357	$26,357
Total Assets	$0	$78,075	$78,075

Liabilities	Mar 25, 2019	Dec 31, 2019	Change
Total Liabilities	$0	$250	$250

Fund balance	Mar 25, 2019	Dec 31, 2019	Change
Net Assets	$0	$77,825	$77,825

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$65,573
Cash & Equivalents	$51,718	$189,366	$137,648
Accounts Receivable	$0	$17,730	$17,730
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$26,357	$21,500	($4,857)
Other	$0	$4,254	$4,254
Total Assets	$78,075	$232,850	$154,775

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Accounts Payable	$0	$2,880	$2,880
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$60,250	$60,250
Loans and Notes	$250	$250	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$250	$63,380	$63,130

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$77,825	$169,470	$91,645
Net Assets	$77,825	$169,470	$91,645

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$25,812
Cash & Equivalents	$189,366	$190,055	$689
Accounts Receivable	$17,730	$78,666	$60,936
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$21,500	$16,643	($4,857)
Other	$4,254	$4,254	$0
Total Assets	$232,850	$289,618	$56,768

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Accounts Payable	$2,880	$2,880	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$60,250	$108,000	$47,750
Loans and Notes	$250	$250	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$63,380	$111,130	$47,750

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$169,470	$178,488	$9,018
Net Assets	$169,470	$178,488	$9,018

Assets	Jan 01, 2022	Dec 31, 2022	Change
Contributions	$49,355
Cash & Equivalents	$190,055	$322,929	$132,874
Accounts Receivable	$78,666	$49,775	($28,891)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$16,643	$11,786	($4,857)
Other	$4,254	$4,254	$0
Total Assets	$289,618	$388,744	$99,126

Liabilities	Jan 01, 2022	Dec 31, 2022	Change
Accounts Payable	$2,880	$8,263	$5,383
Grants Payable	$0	$0	$0
Deferred Revenue	$108,000	$198,775	$90,775
Loans and Notes	$250	$250	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$111,130	$207,288	$96,158

Fund balance	Jan 01, 2022	Dec 31, 2022	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$178,488	$181,456	$2,968
Net Assets	$178,488	$181,456	$2,968

Washington Montessori Institute Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Washington Montessori Institute Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$96,502	$13,875	$7,825
As % of expenses	67.5%	4.5%	1.4%
Unrestricted surplus (deficit) after depreciation	$91,645	$9,018	$2,968
As % of expenses	62.0%	2.9%	0.5%

Revenue composition
Total revenue (unrestricted & restricted)	$239,398	$324,660	$569,182
Total revenue, % change over prior year	0.0%	35.6%	75.3%
Program services revenue	72.6%	92.0%	91.3%
Membership dues	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%
Government grants	0.0%	0.0%	0.0%
All other grants and contributions	27.4%	8.0%	8.7%
Other revenue	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$142,896	$310,785	$561,357
Total expenses, % change over prior year	0.0%	117.5%	80.6%
Personnel	0.0%	11.6%	38.0%
Professional fees	61.3%	63.5%	31.0%
Occupancy	18.0%	15.4%	14.1%
Interest	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%
All other expenses	20.7%	9.5%	16.9%

Full cost components (estimated)	2020	2021	2022
Total expenses (after depreciation)	$147,753	$315,642	$566,214
One month of savings	$11,908	$25,899	$46,780
Debt principal payment	$0	$0	$0
Fixed asset additions	$0	$0	$0
Total full costs (estimated)	$159,661	$341,541	$612,994

Capital structure indicators

Liquidity	2020	2021	2022
Months of cash	15.9	7.3	6.9
Months of cash and investments	15.9	7.3	6.9
Months of estimated liquid unrestricted net assets	12.4	6.2	3.6

Balance sheet composition	2020	2021	2022
Cash	$189,366	$190,055	$322,929
Investments	$0	$0	$0
Receivables	$17,730	$78,666	$49,775
Gross land, buildings, equipment (LBE)	$30,000	$30,000	$30,000
Accumulated depreciation (as a % of LBE)	28.3%	44.5%	60.7%
Liabilities (as a % of assets)	27.2%	38.4%	53.3%
Unrestricted net assets	$169,470	$178,488	$181,456
Temporarily restricted net assets	N/A	N/A	N/A
Permanently restricted net assets	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0
Total net assets	$169,470	$178,488	$181,456

Key data checks

Key data checks	2020	2021	2022
Material data errors	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Principal Officer

Grace Lee

Number of employees

Source: IRS Form 990

Washington Montessori Institute Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

This organization has no recorded board members.

Washington Montessori Institute Inc

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

AMI Teacher Training Courses

Where we work

Financials

Revenue vs. expenses: breakdown

Liquidity in 2022 info

1.80

Months of cash in 2022 info

6.9

Fringe rate in 2022 info

6%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Washington Montessori Institute Inc

Washington Montessori Institute Inc

Washington Montessori Institute Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Principal Officer

Grace Lee

Number of employees

Washington Montessori Institute Inc

Compensation data

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities