FRIENDS OF SRIMS INC QUEST MONTESSORI SCHOOL

EIN: 050519277 501(c)(3) Education

NARRAGANSETT, RI

Total Revenue
$1,918,106
Total Expenses
$1,717,074
Total Assets
$4,690,536
Net Assets
$369,630
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
RI
Principal Officer
KATHERINE BOWEN
Phone
4017833222
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF SRIMS INC QUEST MONTESSORI SCHOOL, founded in 2001, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2022. Expenses of $1.7M left a modest 10% surplus.

Mission

THE MISSION OF QUEST MONTESSORI SCHOOL IS TO EVOKE OUR CHILDREN'S LOVE OF LEARNING. A MONTESSORI CURRICULUM WILL SERVE THE NEEDS OF THE WHOLE CHILD; IT IS OUR DESIRE THAT THE CHILDREN BE ACADEMICALLY MOTIVATED, ARTICIALLY CREATIVE, PHYCIALLY ACTIVE, AND EMOTIONALLY SUPPORTED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $103,159
Program Service Revenue $1,796,767
Investment Income $14,808
Other Revenue $3,372
TOTAL REVENUE $1,918,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,170,292
Fundraising Expenses $20,192
Program Expenses $1,197,183
Other Expenses $546,782
TOTAL EXPENSES $1,717,074

Year-over-Year Comparison

2022 2021 Change
Revenue $1,918,106 $1,968,409 0.0%
Expenses $1,717,074 $1,635,561 +0.0%
Net Income $201,032 $332,848 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
29
Volunteers
9

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
$134,770
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMI UCHIDA PRESIDENT 8.00
Officer Director
$0 $0 $0
NICK KING VICE PRESIDENT 8.00
Officer Director
$0 $0 $0
CHARLIE HAMILTON SECRETARY 8.00
Officer Director
$0 $0 $0
KASEY DISERENS MORGAN BOARD MEMBER 2.00
Director
$0 $0 $0
MELANIE LAWHEAD BOARD MEMBER 2.00
Director
$0 $0 $0
DR WILLIAM MARTIN JR BOARD MEMBER 2.00
Director
$0 $0 $0
JOLINE MACFARLAN BOARD MEMBER 2.00
Director
$0 $0 $0
AMY WEINBERGER BOARD MEMBER 2.00
Director
$0 $0 $0
DEBORAH KING BOARD MEMBER 2.00
Director
$0 $0 $0
GUY SHAFFER BOARD MEMBER 2.00
Director
$0 $0 $0
KATHERINE BOWEN HEAD OF SCHOOL 40.00
Officer
$118,756 $16,014 $134,770
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,918,106 $1,717,074 $4,690,536 $201,032
2022 $1,968,409 $1,635,561 $4,565,872 $332,848
2021 $1,552,538 $1,436,976 $4,249,924 $115,562
2020 $1,541,676 $1,632,924 $3,987,191 $-91,248
2019 $1,967,169 $1,908,806 $4,108,758 $58,363
2018 $1,571,002 $1,791,958 $3,774,331 $-220,956
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