2024-04-04T14:18:09-04:00 2023-06-30 205907840 Ketcham & Associates LLC 202 Mountain Avenue Westfield NJ 07090 990 2022-07-01 221853399 PRINCETON MONTESSORI SOCIETY PRIN 487 Cherry Valley Road Princeton NJ 08540 ANDREA OBRIAN Executive Direc 6099244594 2023-10-30 true ANDREA OBRIAN Steven Ketcham CPA P01439801 9082324618 2024-04-04 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z Andrea OBrian 487 Cherry Valley Road Princeton NJ 08540 9227057 false X WWW.PRINCETONMONTESSORI.ORG X 1968 NJ Organizations Mission (Page 1, Part I, Line 1 & Page 2, Part III, Line 1): Princeton Montessori Society is dedicated to developing passion and nurturing potential in each child, through the values and principles of the Montessori philosophy. 11 11 102 30 0 0 191309 117469 8592383 9070051 11896 39537 0 8795588 9227057 1594984 1438051 0 4475735 5040653 0 39636 2427469 2633406 8498188 9112110 297400 114947 8329429 8307117 9072658 8929918 -743229 -622801 Organizations Mission (Page 1, Part I, Line 1 & Page 2, Part III, Line 1): Princeton Montessori Society is dedicated to developing passion and nurturing potential in each child, through the values and principles of the Montessori philosophy. false false 7617654 1438051 7632000 2022 Strategic Plan - Education: Ensure all programs offer the highest quality education according to Montessori standards. Ensure Upper School uses 21st century best practices and measures and communicates student outcomes.Outcome: Increased innovation, quality assurance communication, full enrollment, and increased diversity and inclusion. (Continued Schedule O) 7617654 true true false false false false true false false false true false false false true true true false true false false false false false false false false false true true false false false false true false false false false false false false false false false false false true 39 0 true 102 true false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false NJ X Betty Chin 6099244594 487 Cherry Valley Road Princeton NJ 08540 Michelle Morrison Executive Director 40.00 0.00 X 155806 0 0 Andrea OBrian Executive Director 40.00 0.00 X X 112407 0 0 Dale Santos Former Director of Finance 40.00 0.00 X 63801 0 0 Betty Chin Director of Finance 40.00 0.00 X 54075 0 0 Caroline Scriven Board of Director 2.00 0.00 X 0 0 0 James Chambers Board of Director 2.00 0.00 X 0 0 0 Chance Van Sciver Board of Director 2.00 0.00 X 0 0 0 Justin Yi Board of Director 2.00 0.00 X 0 0 0 Rita Zetterberg Board of Director 2.00 0.00 X 0 0 0 Kelly Hart Board of Director 2.00 0.00 X 0 0 0 Rehana Farrell Board of Director 2.00 0.00 X 0 0 0 Peter Egbert Board of Director 2.00 0.00 X 0 0 0 Jennifer Ni Board of Director 2.00 0.00 X 0 0 0 Scott Eckstein Board of Director 2.00 0.00 X 0 0 0 Sep Kamvar Board of Director 2.00 0.00 X 0 0 0 386089 0 0 2 true true false 117469 117469 Tuition revenue 611710 8814639 8814639 Other income 611710 255412 255412 9070051 39537 39537 9227057 9070051 0 39537 1438051 1438051 386089 134106 251983 3884594 3453847 397524 33223 479519 402861 72928 3730 290451 244018 44173 2260 25228 25228 30070 30070 432753 432753 41784 40783 1001 19503 19503 149431 143020 6411 64925 64925 242038 242038 543557 271779 271778 54336 45649 8264 423 Direct educational expenses 407528 407528 Supplies 30247 30247 Telephone 32430 31039 1391 Maintenance and repairs 391520 374724 16796 168056 102324 65732 9112110 7617654 1454820 39636 447888 8071 2121298 2453144 24319 27451 48662 132776 15844271 10541807 5329094 5302464 16113 57859 342055 325352 8329429 8307117 333407 198775 2283702 2401557 6441689 6300604 13860 28982 9072658 8929918 X -796229 -622801 53000 -743229 -622801 8329429 8307117 114947 5481 0 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6.00 1 1 1 false 445781 445781 14045502 9688341 4357161 999576 812592 186984 353412 40874 312538 5302464 Cash restricted for escrow deposit 19222 Deferred finance charges 306130 325352 Lease liability 28982 28982 X 7794487 5481 5481 7789006 1438051 1438051 9227057 7674059 7674059 1438051 1438051 9112110 Reports conservation easements (Part II, line 9) The conservation easement is part of the land that is owned by the Princeton Montessori Society. Therefore, the easement is an asset on the balance sheet. Other revenues included on Form 990 (Part XI, line 4b) Tuition assistance in the amount of $1,438,051. Other expenses included on Form 990 (Part XII, line 4b) Tuition assistance in the amount of $1,438,051. Footnote for uncertain tax position under FIN 48 (Part X) Uncertainty in Income Taxes - The Organization is subject to income taxes in the United States and the State of New Jersey on unrelated business income. The Organization has identified and evaluated its significant tax positions for which the statute of limitations remains open and determined there is no material unrecognized benefit or liability to be recorded. The Organizations federal returns are currently open under the statute of limitations for the year ended June 30, 2021 and subsequent years. The Organization does not anticipate that there will be any material changes in the unrecognized tax positions over the next 12 months. There have been no related tax penalties or interest classified as a tax expense in the statement of activities. General Explanation Attachment Tuition assistance in the amount of $1,438,051. true true true true true true true false false false false false false false false false false true true Tuition assistance for students attending PMS Programs 52 1438051 FMV-comparable fees Tuition assistance Monitoring procedures (Part I, line 2) All families are welcome annually to apply for tuition assistance which is processed through TADS, which is an online tuition and financial aid assessment service. TADS compiles each applicants financial data and, based on their benchmarks, provides recommended tuition amounts for eligible families. The Organization has a committee that oversees and reviews tuition assistance and is comprised of the Head of School, Admissions Director, Development Director and School Registrar. Based on their analysis the committee adjusts TADs tuition assistance recommendations accordingly. After the committees review the school registrar proceeds and informs the families through their written tuition contracts. X true true X false false false false false false Dale Santos Former Director of Finance 63801 63801 Michelle Morrison Executive Director 155806 155806 Board member Board member 59540 Tuition assistance Tuition assistance Form 990 governing body review Part VI line 11 The 990 form and the related schedules are provided to and reviewed by select members of the board as well as management prior to submittal to the respective tax agencies. Conflict of interest policy compliance Part VI line 12c All board members as well as key employees and management are required to immediately disclose any relationship that may potentially give rise to a conflict of interest. CEO executive director top management comp Part VI line 15a Compensation for Head of School is discussed and set by the board of directors and is reviewed per annum. Remainder of senior administration is approved through the budget process which is evaluated and reviewed annually. Other officer or key employee compensation Part VI line 15b All compensation for key personnel is approved through the budget process by the board of directors which is evaluated and reviewed annually. Governing documents etc available to public Part VI line 19 The organization makes available its governing documents, conflict of interest policy and other policies and procedures upon request. The financial statements are also made available upon request. The 990 filing and the related schedules are made available upon request and can also be found on Guidestar.com, which is an independent entity that makes available via their website certain nonprofit information including but not limited to the Form 990. General explanation attachment Continued Form 990, Page 2, Part III, Line 4a:Faculty and Staff - Attract, retain, and develop an outstanding, open-minded, compassionate, and diverse faculty who embody a growth mindset, are committed to our organizational goals, and work in alignment with administration to ensure excellence in education and strong parent relationships.Outcome: Enhanced accountability measures, competitive and transparent compensation, and exceptional staffing.Finance - Strengthen our financial platform to best serve the schools mission, values, and long-term sustainability.Outcome: Sustainable expense model, long-term tuition and retention model, and data-driven action. Internal Community - Ensure parents have a solid understanding and an appreciation of how a Princeton Montessori School education meets and exceeds academic standards while incorporating life skills that serve children as they reach adulthood. Communication models and parent offerings will aid in building community involvement and school appreciation.Outcome: Increased parent knowledge and appreciation for Montessori education, increased parent participation in community events, and effective communication with our external community.External Community - Leverage relationships with outside service organizations to increase educational offerings and create broader community awareness and support of the school. Outcome: Nurture strong alumni relationships, cultivate local relationships, and strengthen Montessori relationships. Campus - Maximize the potential of the schools beautiful grounds and state-of-the-art facilities for student learning purposes. Promote this aspect to seek other revenue sources for the school by engaging mission-friendly organizations across the greater community. Ensure the facilities are maintained and improved upon for long-term sustainability and environmental stewardship.Outcome: Strengthen community relations, maximize our campus, and achieve environmentally-friendly operations. Communication: Effectively convey the attributes and advantages of a Princeton Montessori School education.Outcome: Continue to build a strong reputation, consistent and visible brand awareness, and effective marketing strategies.