Civic Intelligence

Morningstar Learning Center Inc.

990 • Fiscal year 2019 • EIN 20-5113402

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 27, 2020

PO Box 160505Big Sky, MT 59716

(406) 995-2565

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.27x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.38x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

84th percentile

32%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-1.6%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$826,098

Up $202,272 (+32%) from 2018

Net Assets

Down

$606,421

Down $9,740 (-1.6%) from 2018

Liabilities

Up

$219,677

Up $212,012 (+2766%) from 2018

Revenue

Down

$582,523

Down $9,218 (-1.6%) from 2018

Expenses

Up

$592,263

Up $89,476 (+18%) from 2018

Net Income

Down

-$9,740

Down $98,694 (-111%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $137,558Liabilities 2011: $104,259Net Assets 2011: $33,2992011Assets 2012: $409,505Liabilities 2012: $336,463Net Assets 2012: $73,0422012Assets 2013: $527,537Liabilities 2013: $21,595Net Assets 2013: $505,9422013Assets 2014: $584,520Liabilities 2014: $19,020Net Assets 2014: $565,5002014Assets 2015: $527,114Liabilities 2015: $7,243Net Assets 2015: $519,8712015Assets 2016: $504,062Liabilities 2016: $13,320Net Assets 2016: $490,7422016Assets 2017: $548,230Liabilities 2017: $21,023Net Assets 2017: $527,2072017Assets 2018: $623,826Liabilities 2018: $7,665Net Assets 2018: $616,1612018Assets 2019: $826,098Liabilities 2019: $219,677Net Assets 2019: $606,4212019Assets 2020: $891,531Liabilities 2020: $236,218Net Assets 2020: $655,3132020Assets 2022: $1,308,706Liabilities 2022: $219,431Net Assets 2022: $1,089,2752022Assets 2023: $1,957,011Liabilities 2023: $181,208Net Assets 2023: $1,775,8032023Assets 2024: $1,797,536Liabilities 2024: $202,191Net Assets 2024: $1,595,3452024Assets 2025: $1,896,703Liabilities 2025: $230,696Net Assets 2025: $1,666,0072025

Highlighted filing

2019

Assets$826,098
Liabilities$219,677
Net Assets$606,421

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: -$176,432Expenses 2011: $248,810Net Income 2011: -$425,2422011Revenue 2012: $311,254Expenses 2012: $271,511Net Income 2012: $39,7432012Revenue 2013: $747,574Expenses 2013: $314,674Net Income 2013: $432,9002013Revenue 2014: $412,676Expenses 2014: $353,118Net Income 2014: $59,5582014Revenue 2015: $320,531Expenses 2015: $366,160Net Income 2015: -$45,6292015Revenue 2016: $317,013Expenses 2016: $346,142Net Income 2016: -$29,1292016Revenue 2017: $389,060Expenses 2017: $352,595Net Income 2017: $36,4652017Revenue 2018: $591,741Expenses 2018: $502,787Net Income 2018: $88,9542018Revenue 2019: $582,523Expenses 2019: $592,263Net Income 2019: -$9,7402019Revenue 2020: $599,693Expenses 2020: $550,801Net Income 2020: $48,8922020Revenue 2022: $1,296,651Expenses 2022: $998,351Net Income 2022: $298,3002022Revenue 2023: $2,069,964Expenses 2023: $1,388,223Net Income 2023: $681,7412023Revenue 2024: $1,334,184Expenses 2024: $1,509,855Net Income 2024: -$175,6712024Revenue 2025: $1,665,420Expenses 2025: $1,596,244Net Income 2025: $69,1762025

Highlighted filing

2019

Revenue$582,523
Expenses$592,263
Net Income-$9,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 27, 2020
Return Version
2018v3.1
Gross Receipts
$582,523
Mission and Program Overview

Mission

Morningstar Learning Center's mission is to develop and connect Big Sky's young children and families by providing reliable childcare, quality early education, and supportive resources from planning through parenthood.

The organization's mission is to provide affordable early childhood education in a safe, suitable, environmentally-friendly facility for the long-term benefit of Big Sky children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$340,842$764,861▲ $424,019
Savings and Temporary Cash Investments$81,669$43,384▼ $38,285
Cash and Non-Interest-Bearing Accounts$36,537$17,853▼ $18,684
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$623,826$826,098▲ $202,272
Other Assets Total$164,778$0▼ $164,778
Liabilities
Mortgage Notes Payable Secured by Investment Property-$206,843-
Other Liabilities$2,303$7,472▲ $5,169
Deferred Revenue$5,362$5,362→ $0
Total Liabilities$7,665$219,677▲ $212,012
Net Assets / Fund Balance
Unrestricted Net Assets$616,161$606,421▼ $9,740
Total Net Assets Fund Balance$616,161$606,421▼ $9,740
Total Liabilities and Net Assets / Fund Balance$623,826$826,098▲ $202,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$462,314$79,007$541,321
Land$285,000-$285,000
Leasehold Improvements$11,195$5,811$17,006
Other Land Buildings$1,162$14,192$15,354
Equipment$5,190$5,623$10,813
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maren Dunn-ChandlerChairman
Jen HendricksonVice President
Alanah GriffithDirector
Emilee RutzDirector
Kevin SullivanDirector
Wes HoeckerDirector
Stephanie KissellSecretary
Elex McAlearTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,098
Program Service Revenue
$542,475
Investment Income
$0
Other Revenue
$8,950
All Other Contributions
$31,098
Change in Net Assets
$-9,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$486,880
Other Expenses$105,383
Total Fundraising Expense$3,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$428,651--$428,651
Payroll Taxes$48,544--$48,544
Fees for Services Other$26,793$260$249$27,302
Depreciation Depletion$18,778--$18,778
Occupancy$14,471--$14,471
Interest$11,382--$11,382
Other Employee Benefits$8,197--$8,197
Insurance$7,798--$7,798
Fees for Services Accounting$6,537$996-$7,533
Office Expenses$4,305--$4,305
Advertising$2,012--$2,012
Pension Plan Contributions$1,488--$1,488
Other Expenses$162-$3,365$162
All Other Expenses$112--$112
Total Functional Expenses$587,393$1,256$3,614$592,263
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,950
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Family Asst Payable$5,019
Deposits payable$2,300
Moonlight Grant Payable$152
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board of directors reviews the 990 upon completion.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any potential conflicts of interest are discussed at the board level and specifically avoided.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors approves the salary of the Executive Director.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Access to all governing documents, policies and procedures, and financial information are available upon request.

Filing and Contact Details

Filer

Filer Name
Morningstar Learning Center Inc
EIN
20-5113402
Phone
4069952565
Address
PO BOX 160505, BIG SKY, MT 59716

Signing Officer

Name
Stephanie Byam
Title
Executive Director
Signed
2020-01-27
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Mt
Voting Board Members
8
Independent Board Members
6
Employees
32
Volunteers
20

Preparer

Firm
Neil and Company CPAs PC
Address
1184 N 15th Ste 1, Bozeman, MT 59715
Preparer
Neil Company Cpas Pc
Phone
4065879239
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt048544
IRS990/PayrollTaxesGrp/TotalAmt048544
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01488
IRS990/PensionPlanContributionsGrp/TotalAmt01488
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0Pre-school revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0542475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0542475
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt076523
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-95
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt096890
IRS990/PYOtherRevenueAmt05886
IRS990/PYProgramServiceRevenueAmt0509427
IRS990/PYRevenuesLessExpensesAmt088954
IRS990/PYSalariesCompEmpBnftPaidAmt0405897
IRS990/PYTotalExpensesAmt0502787
IRS990/PYTotalRevenueAmt0591741
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-9740
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0542472
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt081669
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0573573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0585950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0382395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0302963
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0313714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02158595
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0114
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0117
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05886
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06665
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt014047
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06703
IRS990ScheduleA/OtherIncome170Grp/TotalAmt042251
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98080
IRS990ScheduleA/PublicSupportPY170Pct00.95740
IRS990ScheduleA/PublicSupportTotal170Amt02158595
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0573573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0585950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0382395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0302963
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0313714
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02158595
IRS990ScheduleA/TotalSupportAmt02200963
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0462314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt079007
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0541321
IRS990ScheduleD/EquipmentGrp/BookValueAmt05190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05623
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010813
IRS990ScheduleD/LandGrp/BookValueAmt0285000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0285000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011195
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05811
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017006
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01162
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014192
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2152
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deposits payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Family Asst Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Moonlight Grant Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0764861
IRS990ScheduleD/TotalLiabilityAmt07472
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews the 990 upon completion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Any potential conflicts of interest are discussed at the board level and specifically avoided.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors approves the salary of the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Access to all governing documents, policies and procedures, and financial information are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0623826
IRS990/TotalAssetsEOYAmt0826098
IRS990/TotalAssetsGrp/BOYAmt0623826
IRS990/TotalAssetsGrp/EOYAmt0826098
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031098
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03614
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01256
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0587393
IRS990/TotalFunctionalExpensesGrp/TotalAmt0592263
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07665
IRS990/TotalLiabilitiesEOYAmt0219677
IRS990/TotalLiabilitiesGrp/BOYAmt07665
IRS990/TotalLiabilitiesGrp/EOYAmt0219677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0616161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0606421
IRS990/TotalProgramServiceExpensesAmt0587393
IRS990/TotalProgramServiceRevenueAmt0542475

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$0.23$1.67$1.67$1.60$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.80$0.20$1.60$1.33$1.51$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.18$1.78$2.07$1.39$0.68
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.22$1.09$1.30$1.00$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.24$0.66$0.60$0.55$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.22$0.61$0.58$0.59$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.62$0.59$0.50$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.02$0.53$0.39$0.35$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.32$0.35$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.01$0.52$0.32$0.37$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.02$0.57$0.41$0.35$0.06
2013Summary only. Only limited summary data is available for this year.$0.53$0.02$0.51$0.75$0.31$0.43
2012Summary only. Only limited summary data is available for this year.$0.41$0.34$0.07$0.31$0.27$0.04
2011Summary only. Only limited summary data is available for this year.$0.14$0.10$0.03$0.18$0.25$0.43