THE MONTESSORI SCHOOL OF RALEIGH INC

EIN: 561086219 501(c)(3) Education

RALEIGH, NC

Total Revenue
$12,316,392
Total Expenses
$11,622,716
Total Assets
$14,010,833
Net Assets
$3,223,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NC
Principal Officer
MONICA RODRIGUEZ
Phone
9198481545
Tax Period
2024-08-01 to 2025-07-31

THE MONTESSORI SCHOOL OF RALEIGH INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $11.6M left a modest 6% surplus.

Mission

THE MONTESSORI SCHOOL OF RALEIGH (MSR) AND CAROLINA PREPARATORY ACADEMY (CAROLINA PREP) ARE THE TRIANGLE'S MODERN EMBODIMENT AND MINDFUL PRACTICE OF THE TIME-PROVEN MONTESSORI PHILOSOPHY AND THE WORLD-RENOWNED INTERNATIONAL BACCALAUREATE PROGRAM, DEVELOPING AGILE THINKERS, POISED COMMUNICATORS, AND GRACIOUS COLLABORATORS-ENGINEERS OF AUTHENTIC AND FULFILLING LIVES.

Program Service Accomplishments

Program 1
Expenses: $9,313,966 Revenue: $11,924,091

THE MONTESSORI SCHOOL OF RALEIGH IS A COMMUNITY OF CHILDREN FROM INFANCY (SIX WEEKS) THROUGH GRADE 12. THROUGH SELF-DIRECTED ENGAGEMENT WITH MSR'S EMBRACING CULTURE, INHERENTLY INTERDISCIPLINARY...

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THE MONTESSORI SCHOOL OF RALEIGH IS A COMMUNITY OF CHILDREN FROM INFANCY (SIX WEEKS) THROUGH GRADE 12. THROUGH SELF-DIRECTED ENGAGEMENT WITH MSR'S EMBRACING CULTURE, INHERENTLY INTERDISCIPLINARY CURRICULUM, AND PURPOSEFULLY PREPARED ENVIRONMENTS, STUDENTS CONSTRUCT MEANING BY EXPLORING THEIR PERSONAL INTERESTS AND CURIOSITIES.GUIDED BOTH IMPLICITLY AND EXPLICITLY BY EXPERT TEACHERS, THEIR PEERS, AND THEIR OWN METACOGNITIVE REFLECTIONS, STUDENTS DEVELOP MASTERY ACROSS EVOLVING SOCIAL, EMOTIONAL, AND ACADEMIC DOMAINS. THEY LEARN THE HABITS OF MIND AND PRACTICE THAT FOSTER DEEP FOCUS, DISCERNMENT, UNDERSTANDING, AND MATURITY FROM THEIR EARLIEST YEARS.THROUGH THIS COMPREHENSIVE PREPARATION, STUDENTS BUILD THE COGNITIVE, EXECUTIVE, AND INTERPERSONAL SKILLS WIDELY RECOGNIZED AS ESSENTIAL FOR SUCCESS IN COLLEGE AND IN LIFE-EMERGING AS AGILE THINKERS, POISED COMMUNICATORS, AND COLLABORATIVE COMMUNITY MEMBERS.THE MIDDLE AND UPPER SCHOOL PROGRAMS, OPERATING AS CAROLINA PREPARATORY ACADEMY, SERVE STUDENTS IN GRADES 6 THROUGH 12 AND OFFER AN INTERNATIONAL BACCALAUREATE CONTINUUM, INCLUDING THE MIDDLE YEARS PROGRAMME AND THE DIPLOMA PROGRAMME, PROVIDING A RIGOROUS AND GLOBALLY RECOGNIZED COURSE OF STUDY THAT PREPARES STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.

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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 $219,283
Program Service Revenue $11,130,889
Investment Income $173,018
Other Revenue $793,202
TOTAL REVENUE $12,316,392

Expense Breakdown

Grants Paid $458,308
Salaries & Benefits $7,734,199
Fundraising Expenses $495,240
Program Expenses $9,313,966
Other Expenses $3,430,209
TOTAL EXPENSES $11,622,716

Year-over-Year Comparison

2024 2023 Change
Revenue $12,316,392 $11,165,161 +0.1%
Expenses $11,622,716 $11,067,336 +0.1%
Net Income $693,676 $97,825 +6.1%
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
12
Independent Members
12
Employees
153
Volunteers
220

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
5
$293,158
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDAN KIEL PRESIDENT 4.00
Officer Director
$0 $0 $0
DANIEL RUSSO VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
ANDREA INOKON SECRETARY 3.00
Officer Director
$0 $0 $0
MATTHEW BALDWIN TREASURER 3.00
Officer Director
$0 $0 $0
JULIE BROOKS TRUSTEE 2.00
Director
$0 $0 $0
ABDEL DARENSBURG TRUSTEE 2.00
Director
$0 $0 $0
VIRAJ DOSHI TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA EGGERDING TRUSTEE 2.00
Director
$0 $0 $0
TAMARA FRANKLIN EX-OFFICIO 0.10
Director
$0 $0 $0
JANE GAGLIARDI TRUSTEE 2.00
Director
$0 $0 $0
DEBBIE GORDON TRUSTEE 2.00
Director
$0 $0 $0
LISA LOWE-HALL TRUSTEE 2.00
Director
$0 $0 $0
BRIAN MCNEIL TRUSTEE 2.00
Director
$0 $0 $0
MEGHAN PYLE EX-OFFICIO 0.10
Director
$0 $0 $0
CANDACE WATERS EX-OFFICIO 0.10
Director
$0 $0 $0
JAMES HAM TRUSTEE (THRU 9/4/24) 1.00
Director
$0 $0 $0
PATRICIA BRADLEY TRUSTEE (THRU 8/28/24) 1.00
Director
$0 $0 $0
KIMBERLY HOLMES-IVERSON TRUSTEE (THRU 11/14/24) 1.00
Director
$0 $0 $0
MONICA R PICKETT RODRIGUEZ HEAD OF SCHOOL 40.00
Officer
$267,955 $25,203 $293,158
HAL WILLIAMS CHIEF FINANCIAL OFFICER 40.00
Highest
$102,320 $12,438 $114,758
JUSTIN PIKE CHIEF OPERATIONS OFFICER 40.00
Highest
$128,160 $19,721 $147,881
AARON WOODCOCK DIRECTOR OF FACILITIES 40.00
Highest
$101,146 $12,923 $114,069
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 $12,316,392 $11,622,716 $14,010,833 $693,676
2024 $11,165,161 $11,067,336 $13,574,010 $97,825
2023 $9,974,827 $9,818,258 $13,923,699 $156,569
2022 $9,426,931 $8,358,194 $13,282,887 $1,068,737
2021 $8,380,387 $9,889,543 $11,662,431 $-1,509,156
2020 $6,923,319 $9,581,334 $10,344,622 $-2,658,015
2019 $7,936,701 $7,932,684 $13,294,638 $4,017
2018 $7,927,804 $7,839,498 $14,546,921 $88,306
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