THE SUMMIT MONTESSORI SCHOOL INC

EIN: 043298290 501(c)(3) Education

FRAMINGHAM, MA

Total Revenue
$4,158,526
Total Expenses
$4,055,125
Total Assets
$4,992,618
Net Assets
$2,335,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
CHRIS HUI
Phone
5088723630
Tax Period
2024-07-01 to 2025-06-30

THE SUMMIT MONTESSORI SCHOOL INC, founded in 1996, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SUMMIT MONTESSORI SCHOOL IS A COMMUNITY DEDICATED TO DEVELOPING RESPECTFUL, SELF-MOTIVATED, LIFE-LONG LEARNERS THROUGH A CHALLENGING, INDIVIDUALIZED, MONTESSORI-BASED CURRICULUM. THE CHILDREN CULTIVATE THEIR STRENGTHS TO REACH THEIR UNIQUE POTENTIAL AND TO BECOME ACTIVE PARTICIPANTS IN THE GLOBAL COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $630,967
Program Service Revenue $3,485,183
Investment Income $0
Other Revenue $42,376
TOTAL REVENUE $4,158,526

Expense Breakdown

Grants Paid $210,079
Salaries & Benefits $2,831,080
Fundraising Expenses $67,660
Program Expenses $3,019,551
Other Expenses $1,013,966
TOTAL EXPENSES $4,055,125

Year-over-Year Comparison

2024 2023 Change
Revenue $4,158,526 $3,792,435 +0.1%
Expenses $4,055,125 $3,984,101 +0.0%
Net Income $103,401 $-191,666 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
52
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$221,643
Total Directors
13
$221,643
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA TORRENCE HEAD OF SCHOOL 50.00
Officer Director
$201,937 $19,706 $221,643
MATTHEW GRASSE PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES LENNON TREASURER/SECRETARY 3.00
Officer Director
$0 $0 $0
ELBERT HARDEMAN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
SEBOUH ARAKELIAN TRUSTEE 3.00
Director
$0 $0 $0
DANIELLE ROUSSEAU TRUSTEE 3.00
Director
$0 $0 $0
ALEX STEPHEN TRUSTEE 3.00
Director
$0 $0 $0
JOHN BOWER TRUSTEE 3.00
Director
$0 $0 $0
DAVID KELLER TRUSTEE 3.00
Director
$0 $0 $0
DAN BONOMO TRUSTEE 3.00
Director
$0 $0 $0
ANDY GREENLAW TRUSTEE 3.00
Director
$0 $0 $0
SUMMER SHAUD TRUSTEE 3.00
Director
$0 $0 $0
SANDRA DURAN TRUSTEE 3.00
Director
$0 $0 $0
CHRIS HUI DIRECTOR OF FINANCE AND OP 40.00
Highest
$132,442 $13,893 $146,335
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,158,526 $4,055,125 $4,992,618 $103,401
2024 $3,792,435 $3,984,101 $4,668,509 $-191,666
2023 $3,198,078 $3,152,774 $4,887,995 $45,304
2022 $3,479,573 $2,597,954 $4,218,509 $881,619
2021 $2,119,933 $2,093,950 $3,333,494 $25,983
2020 $2,516,575 $2,122,128 $2,828,193 $394,447
2019 $1,885,424 $2,005,817 $2,429,503 $-120,393
2018 $1,963,361 $2,024,941 $2,458,861 $-61,580
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