Cause IQ organization profile

Springmont School

Springmont School is a elementary school based in Atlanta, GA that was founded in 1964. As of 2018 they had $4.5 million in revenue and $10 million in assets.

Springmont is a private Montessori school located in the Sandy Springs area of Atlanta, Georgia. The school serves around 260 students ranging in age from 18 months to 14 years old. It is the oldest Montessori school in the Southeast.

Previous legal names or variations of their name include: First Montessori School Of Atlanta.

EIN:

58-0940357

City:

Atlanta

State:

Georgia

Website:

springmont.com

Phone:

404-252-3910

Facebook:

facebook.com/springmontschool

Founded:

1964

Type:

501(c)(3)

NTEE:

B24: Elementary and primary schools

Revenue:

$4,544,332

Assets:

$10,587,864

Employees:

Fiscal year end:

July

Revenue trends:

Asset trends:

Program areas at Springmont School

Provide an educational environment for children under age 14 to achieve academic and creative potential as well as build social, emotional, intellectual and physical abilities.

Springmont offers two different summer camps -- primary and elementary.

An extensive selection of enrichment classes is provided each semester to elementary and middle school students. Classes may include music instruction (piano and violin), art instruction (ceramics and jewelry making), physical education (karate and fitness training), computer instruction (power point), and foreign language and/or drama.

Form 990s for Springmont School

Fiscal year ending	Date received by IRS	Form	PDF link
2018-07	Sep 14, 2019	990	View PDF
2017-07	Nov 15, 2018	990	View PDF
2016-07	Sep 15, 2017	990	View PDF
2015-07	Aug 16, 2016	990	View PDF
2014-07	Jul 7, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Springmont School

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$70,566	$64,749	9.0%
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$156,036	$156,477	-0.3%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$226,602	$221,226	2.4%

Field	2018	2017	% Change
Total grants, contributions, etc.	$226,602	$221,226	2.4%
Program services	$4,306,767	$4,216,289	2.1%
Investment income and dividends	$10,963	$3,592	205.2%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$4,544,332	$4,441,107	2.3%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$2,305,831	$2,541,272	-9.3%
Pension/retirement accruals and contributions	$48,244	$45,694	5.6%
Other employee benefits	$260,513	$305,622	-14.8%
Payroll taxes	$168,088	$176,463	-4.7%
Management fees	$0	$0
Legal fees	$5,570	$3,385	64.5%
Accounting fees	$12,950	$14,910	-13.1%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$0
Advertising and promotion	$36,296	$94,194	-61.5%
Office expenses	$77,881	$63,372	22.9%
Information tech. expenses	$72,453	$65,750	10.2%
Royalty expenses	$0	$0
Occupancy	$240,899	$277,276	-13.1%
Travel	$25	$2,027	-98.8%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$111,687	$92,927	20.2%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$256,479	$275,120	-6.8%
Insurance	$54,166	$53,424	1.4%
All other expenses	$712,275	$305,454	133.2%
Total expenses	$4,363,357	$4,316,890	1.1%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$3,562,146	$3,396,599	4.9%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$1,643,438	$1,668,233	-1.5%
Loans receivable from officers, directors, etc.	$150,000	$0	999%
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$26,003	$53,559	-51.4%
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$57,102	$171,260	-66.7%
Buildings, equipment, etc. post-depreciation	$5,134,369	$5,129,687	0.1%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$14,806	$10,537	40.5%
Total assets	$10,587,864	$10,429,875	1.5%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$66,313	$124,459	-46.7%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$6,711,453	$6,676,293	0.5%
Total liabilities	$6,777,766	$6,800,752	-0.3%

Field	2018	2017	% Change
Unrestricted net assets	$3,746,043	$3,588,261	4.4%
Temporarily restricted net assets	$64,055	$40,862	56.8%
Permanently restricted net assets	$0	$0

Vendors for Springmont School

Vendor	Services	Amount paid	Date
Microsoft Services	Software		2020-03-17
███████ ██████ ███ ██████████ ███	Tax accounting		2019-05-20
█████ ████████████	Construction	$241,876	2015-07-01

Personnel at Springmont School

Name	Title	Compensation	Most recent data
George Soba	Treasurer	$0	Aug. 29, 2019
Chirag Shah	Secretary	$0	July 31, 2018

Peer elementary and primary schools

	Name	Type	Revenue	Location
1	Seattle Waldorf School	501(c)(3)	$11 million	Seattle, WA
2	Montessori School of San Antonio	501(c)(3)	$5.5 million	San Antonio, TX
3	Great Barrington Rudolf Steiner School	501(c)(3)	$3.1 million	Great Barrington, MA
4	Live Oak Academy	501(c)(3)	$1.4 million	Santa Clara, CA
5	Barrie School	501(c)(3)	$10 million	Silver Spring, MD
6	School for Strings	501(c)(3)	$1.9 million	New York, NY
7	The Montessori School of Raleigh (MSR)	501(c)(3)	$7.9 million	Raleigh, NC
8	Sheridan School	501(c)(3)	$9.4 million	Washington, DC
9	High Meadows School	501(c)(3)	$9.0 million	Roswell, GA
10	Reaching All Minds Academy	501(c)(3)	$2.1 million	Durham, NC
11	Metropolitan Montessori School (MMS)	501(c)(3)	$8.8 million	New York, NY
12	The Habersham School	501(c)(3)	$1.8 million	Savannah, GA
13	The Cumberland School	501(c)(3)	$2.8 million	Austell, GA
14	David Emanuel Academy	501(c)(3)	$1.3 million	Stillmore, GA
15	Brandon Hall School	501(c)(3)	$5.8 million	Atlanta, GA
16	Terrell Academy	501(c)(3)	$1.9 million	Dawson, GA
17	Southwest Georgia Academy	501(c)(3)	$2.0 million	Damascus, GA
18	Covenant Academy	501(c)(3)	$2.7 million	Macon, GA
19	The Friends School of Atlanta	501(c)(3)	$3.8 million	Decatur, GA
20	Flint River Academy	501(c)(3)	$1.8 million	Woodbury, GA
21	Savannah Christian Preparatory School	501(c)(3)	$15 million	Savannah, GA
22	Covenant Christian Academy	501(c)(3)	$1.9 million	Cumming, GA
23	Parents and Friends of Hancock	501(c)(3)	$3.9 million	Savannah, GA
24	Covenant Christian Academy	501(c)(3)	$1.4 million	Loganville, GA
25	John Milledge Academy	501(c)(3)	$4.2 million	Milledgeville, GA

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