Swannanoa Valley Montessori School Inc

EIN: 223889575 501(c)(3) Education

Black Mountain, NC

Total Revenue
$769,659
Total Expenses
$716,758
Total Assets
$351,282
Net Assets
$300,430
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
Erin Van Note
Phone
8286698571
Tax Period
2024-07-01 to 2025-06-30

Swannanoa Valley Montessori School Inc, founded in 2002, is a small nonprofit in the Education sector that reported $770K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $717K left a modest 7% surplus.

Mission

With an accomplished team of caring and dedicated Montessori educators, our mission is guiding preschool-6th grade students to academic achievement, forstering a love of learning, building character, and instilling the importance of contributing to the community.

Program Service Accomplishments

Program 1
Expenses: $602,216 Revenue: $172,691

Providing education in a safe and nuturing environment for children preschool to 6th grade using the Montessori method of learning. Our vision is to sustain a diverse, mindful and authentic...

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Providing education in a safe and nuturing environment for children preschool to 6th grade using the Montessori method of learning. Our vision is to sustain a diverse, mindful and authentic Montessori Educational community. We help children become self-motivated, independent individuals who respect themselves and the world in which we live. We have three Childrens House preschool classrooms increasing our current enrollment capacity to 60 students. Our Elementary program serves up to 14 children from grades 1-6. Approximately 90% of our elementary students receive scholarship assistance from the State of North Carolina through either ESA Grant or the Opportunity Scholarship programs. When possible, we provide financial aid to our Childrens House students when a family needs assistance. Our goal is to be able to participate in the countys child care subsidy program in the next year to help support families with a greater financial need.

Program 2

In September of 2024, Hurricane Helene brought catastrophic levels of flooding to the WNC region. BMTMs school building flooded from water runoff from the road and around the building. Once we were...

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In September of 2024, Hurricane Helene brought catastrophic levels of flooding to the WNC region. BMTMs school building flooded from water runoff from the road and around the building. Once we were able to assess the damage, we learned that 6,000 square feet of flooring would need to removed and replaced. This included 6,000 sq ft of asbestos tile that was underneath the floor in the building. The process was lengthy and required the school to be closed for 8 weeks. The school was able to offer reduced programming out of a local church for 3 weeks once the Town of Black Mountain restored access to water. Volunteers helped us move classrooms, clean up after the storm, empty rooms that required restoration, track down supplies and drinking water, restore the playground after storm damages, move back into the building and clean after restoration was complete. In the aftermath of the storm, we learned that we can count on our parent and local community members to help.

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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 $172,691
Program Service Revenue $593,634
Investment Income $0
Other Revenue $3,334
TOTAL REVENUE $769,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $525,522
Fundraising Expenses $26,596
Program Expenses $602,216
Other Expenses $191,236
TOTAL EXPENSES $716,758

Year-over-Year Comparison

2024 2023 Change
Revenue $769,659 $553,296 +0.4%
Expenses $716,758 $641,454 +0.1%
Net Income $52,901 $-88,158 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
18
Volunteers
75

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
$71,368
Total Directors
6
$107,935
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erin Van Note Vice Pres Exec Director 0.00
Officer Director
$71,368 $0 $71,368
Autumn Wheeler Board Member-Teachers Advocate 0.00
Director
$36,567 $0 $36,567
Matt Brock President 0.00
Officer Director
$0 $0 $0
Jessica Lyons Treasurer 0.00
Officer Director
$0 $0 $0
Sarah Happel Secretary 0.00
Officer Director
$0 $0 $0
Shelly Jarrad Board Member 0.00
Director
$0 $0 $0
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 $769,659 $716,758 $351,282 $52,901
2024 $553,296 $641,454 $321,900 $-88,158
2023 $576,054 $556,593 $403,712 $19,461
2022 $702,067 $420,631 $378,936 $281,436
2021 $323,917 $357,040 $225,117 $-33,123
2020 $473,101 $463,205 $179,807 $9,896
2019 $561,107 $595,886 $78,466 $-34,779
2018 $471,269 $475,671 $109,916 $-4,402
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