MONTESSORI SCHOLARSHIP ORGANIZATIONINC

EIN: 861002243 501(c)(3)

PHOENIX, AZ

Total Revenue
$284,429
Total Expenses
$470,004
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
AZ
Phone
6232028766
Tax Period
2021-07-01 to 2022-06-30

MONTESSORI SCHOLARSHIP ORGANIZATIONINC, founded in 2000, is a small nonprofit that reported $284K in total revenue in fiscal year 2021. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $470K exceeded revenue, resulting in a 65% operating deficit.

Mission

Montessori Scholarship Organization, Inc. (MSO) accepts tax credit donations from individuals\corporations for scholarships to be awarded to school age children in arizona

Program Service Accomplishments

Program 1
Expenses: $470,004 Revenue: $284,429

Montessori Scholarship Organization, Inc. (MSO) accepts tax credit donations, generally in the range of $1 to $2,435, from individuals who may designate the school which they want to benefit their...

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Montessori Scholarship Organization, Inc. (MSO) accepts tax credit donations, generally in the range of $1 to $2,435, from individuals who may designate the school which they want to benefit their donation.corporations donation generally exceed $5,000 and the maximum amount is limited to the available tax credits as determined by the state of Arizona The schools are advised of the total money available to their school, and they are required to complete "Request For Scholarships" form to determine eligibility. The requirements for MSO are that the child is school age and that they are an Arizona resident. MSO collected $284,430 in scholarship money. Scholarships in the amount of $405,252 were awarded to one hundred and fourteen (114) children at eight (8) private schools in Arizona.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $284,429
Investment Income $0
Other Revenue $0
TOTAL REVENUE $284,429

Expense Breakdown

Grants Paid $405,252
Salaries & Benefits $33,416
Fundraising Expenses $0
Program Expenses $470,004
Other Expenses $31,336
TOTAL EXPENSES $470,004

Year-over-Year Comparison

2021 2020 Change
Revenue $284,429 $432,190 -0.3%
Expenses $470,004 $354,002 +0.3%
Net Income $-185,575 $78,188 -3.4%
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
2
Independent Members
N/A
Employees
2
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
2
$11,045
Total Directors
1
$11,045
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA M GREWE Chairman 5.00
Officer Director
$11,045 $0 $11,045
SUZANNE M RAGER Director 0.00
Officer
$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
2022 $284,429 $470,004 No data $-185,575
2021 $432,190 $354,002 $187,232 $78,188
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