K Step Montessori Inc

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K Step Montessori Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

K Step Montessori Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around K Step Montessori Inc in one place.

Is K Step Montessori Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, K Step Montessori Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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K Step Montessori Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About K Step Montessori Inc

K Step Montessori Inc (EIN: 200406835) is a nonprofit organization based in El Monte, CA, classified under NTEE code B20. The organization reported total revenue of $3.7M and total assets of $993K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of K Step Montessori Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

K Step Montessori Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.0%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, K Step Montessori Inc reported a surplus of $400K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 4.9% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2024), K Step Montessori Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates K Step Montessori Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, K Step Montessori Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $400K, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.9%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries, which is highly unusual for an organization of this size with revenues reaching $3.7 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of K Step Montessori Inc's IRS 990 filings:

• Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits granular efficiency analysis.

Strengths

The following positive indicators were identified for K Step Montessori Inc:

• Strong and consistent revenue growth, particularly in recent years (e.g., $821,996 in 2021 to $3,714,685 in 2024).
• Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., $3,714,685 revenue vs. $3,315,118 expenses in 2024).
• Significant growth in assets, from $277,553 in 2021 to $895,531 in 2024, indicating increasing financial capacity.
• Very low liabilities relative to assets, suggesting a healthy balance sheet and minimal debt burden.
• 0% reported officer compensation across all filings, indicating a high level of dedication to the mission and efficient use of funds.

Frequently Asked Questions about K Step Montessori Inc

Filing History

IRS 990 filing history for K Step Montessori Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), K Step Montessori Inc's revenue has grown by 245.4%, moving from $1.1M to $3.7M. Total assets increased by 2649.7% over the same period, from $33K to $896K. Total functional expenses rose by 204.1%, from $1.1M to $3.3M. In its most recent filing year (2024), K Step Montessori Inc reported a surplus of $400K, with revenue exceeding expenses. The organization holds $44K in liabilities against $896K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $852K.

Year-by-Year Financial Summary

• 2024: Revenue of $3.7M, expenses of $3.3M, and assets of $896K (revenue +44.7% year-over-year).
• 2023: Revenue of $2.6M, expenses of $2.5M, and assets of $467K (revenue +29.8% year-over-year).
• 2022: Revenue of $2.0M, expenses of $1.5M, and assets of $426K (revenue +140.6% year-over-year).
• 2021: Revenue of $822K, expenses of $969K, and assets of $278K (revenue -47.1% year-over-year).
• 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $431K (revenue -66.9% year-over-year).
• 2019: Revenue of $4.7M, expenses of $4.5M, and assets of $353K (revenue +43.8% year-over-year).
• 2018: Revenue of $3.3M, expenses of $3.2M, and assets of $340K (revenue +28.5% year-over-year).
• 2017: Revenue of $2.5M, expenses of $2.8M, and assets of $447K (revenue +12.5% year-over-year).
• 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $532K (revenue +124.3% year-over-year).
• 2015: Revenue of $1.0M, expenses of $918K, and assets of $295K (revenue -45.6% year-over-year).
• 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $228K (revenue +22.7% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $155K (revenue +23.4% year-over-year).
• 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $106K (revenue +13.7% year-over-year).
• 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $33K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for K Step Montessori Inc:

Data Sources and Methodology

This transparency report for K Step Montessori Inc 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.