WILLOW OAK MONTESSORI FOUNDATION INC

EIN: 463086549 501(c)(3) Education

PITTSBORO, NC

Total Revenue
$603,139
Total Expenses
$634,824
Total Assets
$7,977,070
Net Assets
$555,144
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
ELIZABETH BONITZ
Phone
9192407787
Tax Period
2022-07-01 to 2023-06-30

WILLOW OAK MONTESSORI FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $603K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WILLOW OAK MONTESSORI FOUNDATION, INC. EXISTS TO SUPPORT THE EDUCATIONAL ACTIVITIES OF TWO MONTESSORI SCHOOLS IN CHATHAM COUNTY, NORTH CAROLINA, WILLOW OAK MONTESSORI CHILDRENS HOUSE AND WILLOW OAK MONTESSORI CHARTER SCHOOL. SPECIFICALLY, THE ORGANIZATION RAISES FUNDS FOR THE SCHOOLS AND PLANS TO DEVELOP/MANAGE JOINT FACILITIES FOR THE SCHOOLS.

Program Service Accomplishments

Program 1

FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHARTER SCHOOL. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK...

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FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHARTER SCHOOL. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK MONTESSORI CHARTER SCHOOL, INC.

Program 2

FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHILDREN'S HOUSE. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK...

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FINANCIAL SUPPORT FOR WILLOW OAK MONTESSORI CHILDREN'S HOUSE. THE FOUNDATION CONTINUES TO DEVELOP THE POLICIES, PROCEDURES, AND SYSTEMS NECESSARY TO RAISE SUFFICIENT FUNDS TO SUPPORT WILLOW OAK MONTESSORI CHILDREN'S HOUSE, INC.

Program 3
Expenses: $517,927 Revenue: $553,166

THE FOUNDATION BOARD OF DIRECTORS HAVE TURNED THE OPERATIONS OF THE FACILITY OVER TO THE OPERATIONS STAFF AND HAS SET THRESHOLDS THAT WHEN MET, TRIGGER APPROVALS FROM THE FINANCE COMMITTEE OR THE...

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THE FOUNDATION BOARD OF DIRECTORS HAVE TURNED THE OPERATIONS OF THE FACILITY OVER TO THE OPERATIONS STAFF AND HAS SET THRESHOLDS THAT WHEN MET, TRIGGER APPROVALS FROM THE FINANCE COMMITTEE OR THE BOARD OF DIRECTORS. THE FACILITY'S DAY TO DAY OPERATIONS ARE NO LONGER THE RESPONSIBILITY OF THE FOUNDATION, BUT TO THE STAFF HIRED TO RUN THE OPERATIONS. THEY INCLUDE THE HEAD OF SCHOOL, THE FACILITIES AND BUSINESS MANAGER, AND THE REST OF THE LEADERSHIP TEAM THAT ASSISTS THE HEAD OF SCHOOL. THE HEAD OF SCHOOL ULTIMATELY IS RESPONSIBLE FOR MAINTAINING THE OPERATIONS ARE IN LINE WITH THE FOUNDATION'S MISSION STATEMENT AND VALUES. THE REVENUE FOR THE FOUNDATION COMES FROM DONATIONS AND FROM RENT CHARGED TO THE WILLOW OAK MONTESSORI CHARTER SCHOOL AND THE WILLOW OAK MONTESSORI CHILDREN'S HOUSE FOR THE USE OF THE FACILITY. THE RENT AND DONATIONS BASICALLY COVER THE OPERATIONAL EXPENSES OF THE FOUNDATION.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $49,973
Program Service Revenue $553,166
Investment Income $0
Other Revenue $0
TOTAL REVENUE $603,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,050
Fundraising Expenses $13,411
Program Expenses $517,927
Other Expenses $626,774
TOTAL EXPENSES $634,824

Year-over-Year Comparison

2022 2021 Change
Revenue $603,139 $546,673 +0.1%
Expenses $634,824 $569,441 +0.1%
Net Income $-31,685 $-22,768 +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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
1
$9,635
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE OUDJIT HEAD OF SCHO 2.00
Officer
$0 $0 $9,635
ELIZABETH BONITZ BOARD PRESID 1.00
Director
$0 $0 $0
JUDY MALLOY BOARD VICE P 1.00
Director
$0 $0 $0
LEE NESTLERODE BOARD TREASU 1.00
Director
$0 $0 $0
ANDREW LERNER BOARD SECRET 1.00
Director
$0 $0 $0
FRANK BRAINARD DIRECTOR 1.00
Director
$0 $0 $0
MIKE DASHER DIRECTOR 1.00
Director
$0 $0 $0
JANET BALLINGER DIRECTOR 1.00
Director
$0 $0 $0
MANJU REDDY DIRECTOR 1.00
Director
$0 $0 $0
JORDYNN JACK DIRECTOR 1.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $603,139 $634,824 $7,977,070 $-31,685
2022 $546,673 $569,441 $8,053,407 $-22,768
2021 $430,715 $463,316 $8,214,597 $-32,601
2020 $43,693 $137,307 $6,374,348 $-93,614
2019 $66,812 $102,460 $989,342 $-35,648
2018 $185,891 $45,334 $703,368 $140,557
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