2026-04-29T15:57:08-05:00 2025-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 198092863 990 2024-07-01 273480706 FIRST STATE MONTESSORI ACADEMY FIRS 3025761500 1000 NORTH FRENCH STREET WILMINGTON DE 198013331 COURTNEY FOX HEAD OF SCHOOL 3025761500 2026-04-29 1 TIMOTHY SAWYER CPA P00256561 3024788940 2026-04-29 2024 2025-03-06 01:10:19Z FSMA COURTNEY FOX 1000 NORTH FRENCH STREET WILMINGTON DE 198013331 12141672 0 X WWW.FIRSTSTATEMONTESSORI.ORG X 2009 DE THE MISSION OF THE FIRST STATE MONTESSORI ACADEMY IS TO CREATE SUCCESSFUL, CONTRIBUTING, LIFE-LONG LEARNERS IN A MONTESSORI PUBLIC EDUCATIONAL PROGRAM FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. 10 10 0 0 0 0 10744457 7944160 168250 3762231 85240 435281 0 0 10997947 12141672 0 0 0 0 7984126 7718640 0 0 0 2937218 2954464 10921344 10673104 76603 1468568 26776769 26922699 38155695 36833057 -11378926 -9910358 THE MISSION OF THE FIRST STATE MONTESSORI ACADEMY IS TO CREATE SUCCESSFUL, CONTRIBUTING, LIFE-LONG LEARNERS IN A MONTESSORI PUBLIC EDUCATIONAL PROGRAM FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. 0 0 8064598 3762231 FIRST 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. 8064598 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 DE X X COURTNEY FOX 3025761500 1000 NORTH FRENCH STREET WILMINGTON DE 198013331 X MEGHAN NEWBERRY CHAIR 10.00 X X 0 0 0 BECKY PHILLIPS BOD MEMBER 1.00 X 0 0 0 MATT PETRIN TREASURER 1.00 X X 0 0 0 LINDSAY ABRAHAM SECRETARY 1.00 X X 0 0 0 ANABELLE O'MALLEY BOD MEMBER 1.00 X 0 0 0 MATTHEW BENDER BOD MEMBER 1.00 X 0 0 0 ALISHAH WATSON BOD MEMBER 1.00 X 0 0 0 KRISTEN GIDEON BOD MEMBER 1.00 X 0 0 0 RIKKI PETRUCELLI BOD MEMBER 1.00 X 0 0 0 EMILY BURTON BOD MEMBER 1.00 X 0 0 0 COURTNEY FOX HEAD OF SCHOOL 37.50 X 162175 0 73834 ELIZABETH MADEN DIRECTOR OF EDUCATION 37.50 X 115843 0 58775 278018 0 132609 2 0 1 0 LEHANE'S BUS SERVICE INC 1705 NEW CASTLE AVE NEW CATLSE DE 19720 TRANSPORTATION 635160 EDIS 110 SOUTH POPLAR ST SUITE 400 WILMINGTON DE 19801 CONSTRUCTION 627270 EAST COAST PLUMBING & HEATING 26A BROOKHILL DR NEWARK DE 19702 HVAC 214193 BSTA PO BOX 12936 WILMINGTON DE 19850 CLEANING 173272 FOOD WORKS 560 PEOPLES PLAZA SUITE 310 NEWARK DE 19702 FOOD SERVICE 118257 5 7929139 15021 7944160 INSTRUCTIONAL SERVICES 611600 3733841 3733841 FOOD SERVICE 611600 28390 28390 3762231 435281 435281 12141672 3762231 0 435281 558997 422378 136619 4454755 3366013 1088742 1186723 896688 290035 1148384 867719 280665 369781 279407 90374 2205 1666 539 26515 20035 6480 435713 329225 106488 208 157 51 5655 4273 1382 23596 17829 5767 194564 147013 47551 523818 395797 128021 459154 346937 112217 102887 77741 25146 TRANSPORTATION - BUSES 635160 479927 155233 REPAIRS AND MAINTENANCE 301357 227705 73652 SUPPLIES AND MATERIALS 170838 129085 41753 INSTRCTIONAL SUPPLIES 47955 36235 11720 24839 18768 6071 10673104 8064598 2608506 0 7322225 8316626 12843 37717 15554145 2411831 12776360 13142314 6665341 5426042 26776769 26922699 1522769 1545609 13829391 13592959 22803535 21694489 38155695 36833057 X 0 0 0 0 -11378926 -9910358 -11378926 -9910358 26776769 26922699 1468568 0 X X 0 1 X 1 0 X 15521243 2395586 13125657 32902 16245 16657 13142314 DEFERRED OUTFLOWS RELATED TO PENSION 2072215 DEFERRED OUTFLOWS RELATED TO OPEB 3275185 DUE FROM STATE 78642 5426042 DEFERRED INFLOWS RELATED TO OPEB 4317571 NET OPEB LIABILITY 14400912 NET PENSION LIABILITY 2868819 COMPENSATED ABSNECES 84659 DEFERRED INFLOWS RELATED TO PENSION 22528 21694489 X 12141672 0 12141672 0 12141672 10673104 0 10673104 0 10673104 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE SCHOOL DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 THE ACADEMY IS A DELAWARE PUBLIC CHARTER SCHOOL. THE DELAWARE PUBLIC NONDISCRIMINATORY POLICY, UNDERWHICH THE ACADEMY FALLS, IS PUBLISHED BY THE STATE OF DELAWARE. SCHEDULE E, PART I, LINE 4 THE SCHOOL IS PUBLIC AND FREE TO THE PUBLIC. THEREFORE NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE ARE AWARDED. SCHEDULE E, PART I, LINE 6 THE SCHOOL IS A PUBLIC SCHOOL AND, THEREFORE, RECEIVES FUNDING FROM STATE AND FEDERAL SOURCES SCHEDULE E, PART I, LINE 7 THE ACADEMY IS A PUBLIC SCHOOL AND, THEREFORE, IS EXEMPT FROM REV. PROC. 75-50. X X X 0 0 0 0 0 0 0 0 0 COURTNEY FOX HEAD OF SCHOOL 162175 0 0 0 0 0 0 0 73834 0 236009 0 0 0 ELIZABETH MADEN DIRECTOR OF EDUCATION 115843 0 0 0 0 0 0 0 58775 0 174618 0 0 0 FORM 990, PART 1, LINE 5 AND FORM 990 PART V, LINE 2A AS A CHARTER SCHOOL IN THE STATE OF DELAWARE, FIRST STATE MONTESSORI ACADEMY, INC. IS CONSIDERED A COMPONENT UNIT OF THE STATE, AND THEREFORE DOES NOT DIRECTLY EMPLOY ITS STAFF. ALL STAFF MEMBERS OF THE SCHOOL ARE CONSIDERED EMPLOYEES OF THE STATE OF DELAWARE. FOR THE 2021-2022 SCHOOL YEAR, THERE WERE 73 EMPLOYEES WORKING AT THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE PROVIDED TO ALL BOARD MEMBERS AND REVIEWED IN A BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST DISCLOSE ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST DURING BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION WAS BASED ON AVERAGE COMPENSATION DATA FOR EQUIVALENT POSITIONS IN DELAWARE CHARTER SCHOOLS AND SET AT 10% LESS THAN A LOCAL PUBLIC SCHOOL DISTRICT. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR THE OVERSIGHT AND SELECTION OF AN INDEPENDENT AUDITOR.