THE MONTESSORI ACADEMY AT EDISON LAKES INC

EIN: 237092572 501(c)(3)

MISHAWAKA, IN

Total Revenue
$2,093,399
Total Expenses
$2,393,576
Total Assets
$2,221,272
Net Assets
$1,369,580
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IN
Principal Officer
KATHY KOLATA
Phone
5742565313
Tax Period
2024-07-01 to 2025-06-30

THE MONTESSORI ACADEMY AT EDISON LAKES INC, founded in 1970, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

STATEMENT OF PHILOSOPHY - THE MONTESSORI ACADEMY ACKNOWLEDGES THE IMPACT OF CRITICAL LEARNING PERIODS IN EARLY CHILDHOOD ON DEVELOPING SOCIAL, EMOTIONAL, INTELLECTUAL, PHYSICAL, AND MORAL COMPETENCIES. THE INFLUENCE OF A MONTESSORI-BASED EDUCATION RESPECTS THE UNIQUENESS OF EACH PERSON AND PRESERVES AND NURTURES AN INNATE CAPACITY TO REACH FULL POTENTIAL AS CONTRIBUTING WORLD CITIZENS. THIS IS ACCOMPLISHED THROUGH INDIVIDUALLY PACED ACADEMIC INSTRUCTION AND ACTIVITIES DIRECTED BY MONTESSORI CERTIFIED PROFESSIONALS WORKING IN CONCERT WITH STUDENTS AND THEIR FAMILIES. OUR CURRICULUM PROVIDES FOR CONCEPT DEVELOPMENT AND SKILL ACQUISTIONS IN PREPARED CLASSROOMS WITH A FOCUS ON LEARING-BY-DOING. OUR METHODS ENABLE STUDENTS TO DEVELOP RESPECT FOR INDIVIDUAL DIFFERENCES AS THEY ENGAGE IN PURPOSEFUL, COLLABORATIVE LEARNING. OUR STUDENTS USE INNER DISCIPLINE, CONCENTRATION, AND TASK COMPLETION FOR LIFELONG CRITICAL THINKING AND DISCOVERY.

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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 $311,536
Program Service Revenue $1,767,921
Investment Income $5,381
Other Revenue $8,561
TOTAL REVENUE $2,093,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,560,853
Fundraising Expenses $8,325
Program Expenses $1,745,268
Other Expenses $832,723
TOTAL EXPENSES $2,393,576

Year-over-Year Comparison

2024 2023 Change
Revenue $2,093,399 $2,167,082 0.0%
Expenses $2,393,576 $2,272,630 +0.1%
Net Income $-300,177 $-105,548 +1.8%
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
7
Independent Members
7
Employees
63
Volunteers
109

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
9
$182,852
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY HURCOMB TRUSTEE 1.00
Director
$0 $0 $0
CHARLOTTE BRACH TRUSTEE 2.00
Director
$0 $0 $0
CASSIDY MARTENSON TRUSTEE 2.00
Director
$0 $0 $0
MARLA MUFFOLETTO PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
JENA O'BRIEN SECRETARY 2.00
Officer Director
$0 $0 $0
KATHARINE LYVERS TREASURER 2.00
Officer Director
$0 $0 $0
JENNIFER LAPRAD PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
KIARA MOORE PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
ERIN CORCORAN PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHY KOLATA HEAD OF SCHOOL 50.00
Officer
$67,922 $10,152 $78,074
MATTHEW JUN DIRECTOR OF FINANCE 40.00
Officer
$68,475 $3,424 $71,899
ROLAND KELLY HEAD OF SCHOOL 45.00
Officer
$27,097 $5,782 $32,879
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 $2,093,399 $2,393,576 $2,221,272 $-300,177
2024 No data No data No data No data
2023 $2,615,757 $2,839,412 $2,365,978 $-223,655
2022 $2,597,166 $2,548,922 $2,347,721 $48,244
2021 $1,922,424 $1,941,631 $2,901,145 $-19,207
2020 $1,934,204 $2,141,894 $2,727,091 $-207,690
2019 $2,449,688 $2,193,421 $2,868,669 $256,267
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