2024-05-15T15:49:19-05:00 2023-06-30 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2022-07-01 561277164 MONTESSORI COMMUNITY SCHOOL INC MONT 9194938541 4512 POPE ROAD DURHAM NC 27707 ANGELA WENGER HEAD OF SCHOOL 9194938541 2024-05-15 1 ANGELA WENGER 999009999 0 KRISTEN HOYLE CPA P00118964 9195717055 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA WENGER 4512 POPE ROAD DURHAM NC 27707 4429459 0 X WWW.MCSDURHAM.ORG X 1980 NC A VIBRANT MONTESSORI COMMUNITY WITH A DYNAMIC AND RELEVANT CURRICULUM. 12 12 62 12 0 0 477542 90992 3651014 4220581 4643 18986 100935 75577 4234134 4406136 429685 394364 0 0 2654103 2794057 0 0 12918 827853 963378 3911641 4151799 322493 254337 5224485 5898647 2118432 2532386 3106053 3366261 WE ARE A VIBRANT MONTESSORI COMMUNITY WHERE TOGETHER, THROUGH OUR DYNAMIC AND RELEVANT CURRICULUM, WE GUIDE STUDENTS TOWARD SELF-DISCOVERY AND THE REALIZATION OF THEIR UNIQUE CONTRIBUTIONS TO THE WORLD. 0 0 3497958 394364 4241124 WE ARE A VIBRANT MONTESSORI COMMUNITY WHERE TOGETHER, THROUGH OUR DYNAMIC AND RELEVANT CURRICULUM, WE GUIDE STUDENTS TOWARD SELF-DISCOVERY AND THE REALIZATION OF THEIR UNIQUE CONTRIBUTIONS TO THE WORLD 3497958 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LEANNE WELLS 9194938541 4512 POPE ROAD DURHAM NC 27707 JENNIFER MALLEN PRESIDENT 1.00 X X 0 0 0 JENNIFER ARTABANE VICE PRESIDENT 1.00 X X 0 0 0 GERALD COWARD SECRETARY 1.00 X X 0 0 0 LUKE MOLAND TREASURER 1.00 X X 0 0 0 VINAY ANANTHACHAR TRUSTEE 1.00 X 0 0 0 BETH DUFFY TRUSTEE 1.00 X 0 0 0 DEMARCUS ANDREWS TRUSTEE 1.00 X 0 0 0 BETH ULRICH TRUSTEE 1.00 X 0 0 0 HOYT TAYLOR TRUSTEE 1.00 X 0 0 0 IHEOMA IRUKA THOMPSON TRUSTEE 1.00 X 0 0 0 GAWEN TSAI TRUSTEE 1.00 X 0 0 0 KATHIE DIONISIO SWAIN TRUSTEE 1.00 X 0 0 0 ANGELA WENGER HEAD OF SCHOOL 40.00 X 162500 0 9400 162500 0 9400 1 0 0 0 0 90992 90992 TUITION AND FEES 611110 4220581 4220581 4220581 18109 18109 19000 0 19000 19000 19000 877 0 877 877 877 49123 10744 38379 38379 10234 12579 -2345 -2345 MISCELLANEOUS INCOME 900099 20543 20543 20543 4406136 4241124 0 74020 394364 394364 171138 143756 27382 2013198 1693420 319778 47863 40205 7658 389897 327513 62384 171961 144447 27514 2690 2690 2396 2396 35138 10813 24325 15812 11860 3952 19341 5503 13838 69723 52293 17430 59406 44555 14851 74874 74874 40921 30160 10761 232173 174130 58043 47941 35956 11985 CLASSROOM AND EDUCATION 133204 133204 REPAIRS, CLEANING, AND 108639 86912 21727 PROFESSIOANAL DEVELOPME 62997 59654 3343 MISCELLANEOUS EXPENSE 30778 29517 1261 27345 4822 9605 12918 4151799 3497958 640923 12918 340695 170557 1080675 2081695 2880 0 32851 40627 24978 26502 7430694 4035778 3564490 3394916 70423 77255 107493 107095 5224485 5898647 212988 176235 643018 1214559 1246222 1131423 16204 10169 2118432 2532386 X 3078030 3338238 28023 28023 3106053 3366261 5224485 5898647 254337 5871 0 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 493771 493771 5291168 2829664 2461504 1276995 878073 398922 368760 328041 40719 3394916 CAPITAL LEASE 10169 10169 X 4727733 5871 315726 321597 4406136 0 4406136 4467525 315726 315726 4151799 0 4151799 PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THIS GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023 AND 2022, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 10,744. TUITION REDUCTION 292,403. COST OF GOODS SOLD 12,579. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 10,744. TUITION REDUCTION 292,403. COST OF GOODS SOLD 12,579. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS HAVE BEEN PLACED IN A VARIETY OF LOCAL NEWSPAPERS. ANNUAL GALA 49123 49123 1547 1786 2710 4701 49123 49123 1547 1786 2710 4701 10744 38379 1 FINANCIAL ASSISTANCE 64 394364 PART I, LINE 2: THE MCS FINANCIAL AID COMMITTEE DETERMINES AWARDS BY TAKING INTO ACCOUNT THE TUITION AID DATA SERVICES (TADS) REPORTS ALONG WITH ANY ADDITIONAL INFORMATION THAT A FAMILY MIGHT WISH TO PROVIDE. THE FINANCIAL AID COMMITTEE REVIEWS APPLICATIONS AND DETERMINES AWARDS BASED ON DEMONSTRATED NEED. ALL CURRENT AND PROSPECTIVE FAMILIES ARE ELIGIBLE TO APPLY. 0 0 0 0 0 0 0 0 0 ANGELA WENGER HEAD OF SCHOOL 162500 0 0 0 0 0 0 0 9400 0 171900 0 0 0 VARIOUS SCHOOL EMPLOYEES 292403 TUITION REMISSION REDUCED TUITION FOR SCHOOL EMPLOYEES FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CHAIR OF THE FINANCE COMMITTEE AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT AGENT ACQUIRED COMPARABILITY DATA FOR COMPENSATION TO HEAD OF SCHOOL. BOARD USED THIS DATA TO DISCUSS AND DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. A SUMMARY OF FINANCIAL POSITION IS DISTRIBUTED IN THE ANNUAL REPORT. FORM 990, PART XII, LINE 2A: THE SCHOOL'S FINANCE COMMITTEE HAS OVERSIGHT FOR THE REVIEW OF THE FINANCIAL STATEMENTS.