Heartwood Montessori School Northeast
EIN: 472241441 · Minneapolis, MN · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $783K |
| Total Expenses | $852K |
| Net Assets | $64K |
Is Heartwood Montessori School Northeast Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartwood Montessori School Northeast
Heartwood Montessori School Northeast (EIN: 472241441) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P33. The organization reported total revenue of $783K and total assets of $299K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartwood Montessori School Northeast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartwood Montessori School Northeast is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 33.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $800K |
| Total Expenses | $852K |
| Surplus / Deficit | $-51,253 |
| Total Assets | $342K |
| Total Liabilities | $278K |
| Net Assets | $64K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 81.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: C
In 2023, Heartwood Montessori School Northeast reported a deficit of $51K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 81.3% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Heartwood Montessori School Northeast's revenue has grown at a compound annual growth rate (CAGR) of 33.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.6% | +47.9% | +148.8% |
| 2022 | +27.9% | +40.8% | +53.1% |
| 2021 | +85.4% | +43.0% | +55.9% |
| 2020 | +32.9% | +44.0% | -1.5% |
| 2019 | -2.3% | +26.3% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartwood Montessori School Northeast has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartwood Montessori School Northeast with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.3%.
Frequently Asked Questions about Heartwood Montessori School Northeast
Is Heartwood Montessori School Northeast a legitimate charity?
Heartwood Montessori School Northeast (EIN: 472241441) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $783K. No red flags identified. Financial health grade: C.
How does Heartwood Montessori School Northeast spend its money?
Heartwood Montessori School Northeast reported $783K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heartwood Montessori School Northeast tax-deductible?
Heartwood Montessori School Northeast is registered as a tax-exempt nonprofit (EIN: 472241441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartwood Montessori School Northeast located?
Heartwood Montessori School Northeast is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 472241441. It is classified under NTEE code P33.
How many years of IRS 990 filings does Heartwood Montessori School Northeast have?
Heartwood Montessori School Northeast has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $783K in total revenue.
Filing History
IRS 990 filing history for Heartwood Montessori School Northeast showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Heartwood Montessori School Northeast's revenue has grown by 665.4%, moving from $105K to $800K. Total assets increased by 3552.6% over the same period, from $9K to $342K. Total functional expenses rose by 659.4%, from $112K to $852K. In its most recent filing year (2023), Heartwood Montessori School Northeast reported a deficit of $51K, with expenses exceeding revenue. The organization holds $278K in liabilities against $342K in assets (debt-to-asset ratio: 81.3%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $800K | $852K | $342K | $278K | — | — |
| 2022 | $603K | $576K | $137K | $20K | — | View 990 |
| 2021 | $472K | $409K | $90K | $0 | — | — |
| 2020 | $254K | $286K | $58K | $31K | — | View 990 |
| 2019 | $191K | $199K | $58K | $0 | — | View 990 |
| 2018 | $196K | $157K | $66K | $0 | — | View 990 |
| 2017 | $192K | $175K | $27K | $0 | — | View 990 |
| 2016 | $105K | $112K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $800K, expenses of $852K, and assets of $342K (revenue +32.6% year-over-year).
- 2022: Revenue of $603K, expenses of $576K, and assets of $137K (revenue +27.9% year-over-year).
- 2021: Revenue of $472K, expenses of $409K, and assets of $90K (revenue +85.4% year-over-year).
- 2020: Revenue of $254K, expenses of $286K, and assets of $58K (revenue +32.9% year-over-year).
- 2019: Revenue of $191K, expenses of $199K, and assets of $58K (revenue -2.3% year-over-year).
- 2018: Revenue of $196K, expenses of $157K, and assets of $66K (revenue +2.0% year-over-year).
- 2017: Revenue of $192K, expenses of $175K, and assets of $27K (revenue +83.7% year-over-year).
- 2016: Revenue of $105K, expenses of $112K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartwood Montessori School Northeast:
Data Sources and Methodology
This transparency report for Heartwood Montessori School Northeast is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.