First State Montessori Academy
Also known as Fsma
First State Montessori Academy reported $12.1 million in revenue and $10.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.56 went to program services, $24.44 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 65.4% of the total. Government grants made up 65.3%. The highest compensation it reported for one person was $236,009 (HEAD OF SCHOOL). 2 people received more than $100,000 in reportable compensation. Revenue rose 26% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 65.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 65.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 31.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $236,009 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.21% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -11.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFirst State Montessori Academy (fsma) opened in 2014 in downtown wilmington, delaware. We serve a diverse community of 600 children in grades kindergarten through 8th grade. Our program has successfully integrated a fully authentic montessori curriculum with the common core state standards. At the end of our academic year, fsma has met all academic, operational, and financial benchmarks set forth by the state of delaware
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Highest compensated employee, 37.50 hrs/week | $162,175 | $0 | $73,834 | $236,009 |
| DIRECTOR OF EDUCATION Highest compensated employee, 37.50 hrs/week | $115,843 | $0 | $58,775 | $174,618 |
2 people received more than $100,000 in reportable compensation from First State Montessori Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $559K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LEHANE'S BUS SERVICE INC Transportation | $635,160 |
| EDIS Construction | $627,270 |
| EAST COAST PLUMBING & HEATING Hvac | $214,193 |
| BSTA Cleaning | $173,272 |
| FOOD WORKS Food service | $118,257 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to First State Montessori Academy totaling $943 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from First State Montessori Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for First State Montessori Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 First State Montessori Academy spent in FY2025, $75.56 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Pursuit Transformation CompanyLong Island City, NY · revenue $12M · programs 76.6% · 2024
- Buffalo State College FoundationBuffalo, NY · revenue $12M · programs 85.6% · FY2025
- Jackson State University Development FoundationJackson, MS · revenue $12M · programs 24.9% · FY2025
- Rockford Rescue Mission MinistriesRockford, IL · revenue $12M · programs 78.3% · FY2025
- Shorter CollegeNorth Little Rock, AR · revenue $12M · programs 100.0% · FY2025
Questions people ask
How much of First State Montessori Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, First State Montessori Academy reported that 75.6% of its $10.7 million in expenses went to program services, 24.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does First State Montessori Academy pay its top executive?
The largest total compensation First State Montessori Academy reported for one person in the fiscal year ending June 30, 2025 was $236,009, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does First State Montessori Academy get its money?
Of $12.1 million in revenue in the fiscal year ending June 30, 2025, 65.4% came from contributions and grants (including 65.3% from government grants) and 31.0% from program service revenue (Form 990, Part VIII).
Is First State Montessori Academy a registered charity?
The IRS lists EIN 27-3480706 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621199349302357 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510949349301506 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441229349300529 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301319349307370 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221349349301717 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131179349300248 · read the filing
All filings for EIN 27-3480706: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.