Civic Intelligence

Lighthouse Montessori

990 • Fiscal year 2017 • EIN 27-1740706

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 20, 2017

7005 24th Ave NWSeattle, WA 98177

(206) 201-1730

Siviq Scores

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

Liabilities / Assets

91st percentile

0.65x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$29,591

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

79th percentile

33%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

-0.8%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$148,378

Up $36,923 (+33%) from 2016

Net Assets

Up

$52,122

Up $77,716 (+304%) from 2016

Liabilities

Down

$96,256

Down $40,793 (-30%) from 2016

Revenue

Down

$345,945

Down $2,964 (-0.8%) from 2016

Expenses

Down

$268,229

Down $7,275 (-2.6%) from 2016

Net Income

Up

$77,716

Up $4,311 (+5.9%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2015: $57,988Liabilities 2015: $156,987Net Assets 2015: -$98,9992015Assets 2016: $111,455Liabilities 2016: $137,049Net Assets 2016: -$25,5942016Assets 2017: $148,378Liabilities 2017: $96,256Net Assets 2017: $52,1222017Assets 2018: $163,516Liabilities 2018: $49,396Net Assets 2018: $114,1202018Assets 2019: $220,990Liabilities 2019: $19,500Net Assets 2019: $201,4902019Assets 2020: $280,217Liabilities 2020: $66,117Net Assets 2020: $214,1002020Assets 2021: $323,517Liabilities 2021: $24,390Net Assets 2021: $299,1272021Assets 2022: $389,293Liabilities 2022: $32,110Net Assets 2022: $357,1832022Assets 2023: $405,672Liabilities 2023: $44,110Net Assets 2023: $361,5622023Assets 2024: $458,877Liabilities 2024: $28,000Net Assets 2024: $430,8772024

Highlighted filing

2017

Assets$148,378
Liabilities$96,256
Net Assets$52,122

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2015: $306,738Expenses 2015: $267,230Net Income 2015: $39,5082015Revenue 2016: $348,909Expenses 2016: $275,504Net Income 2016: $73,4052016Revenue 2017: $345,945Expenses 2017: $268,229Net Income 2017: $77,7162017Revenue 2018: $416,061Expenses 2018: $345,564Net Income 2018: $70,4972018Revenue 2019: $449,551Expenses 2019: $364,349Net Income 2019: $85,2022019Revenue 2020: $382,442Expenses 2020: $365,307Net Income 2020: $17,1352020Revenue 2021: $420,279Expenses 2021: $335,252Net Income 2021: $85,0272021Revenue 2022: $457,314Expenses 2022: $399,258Net Income 2022: $58,0562022Revenue 2023: $383,122Expenses 2023: $378,743Net Income 2023: $4,3792023Revenue 2024: $681,154Expenses 2024: $611,839Net Income 2024: $69,3152024

Highlighted filing

2017

Revenue$345,945
Expenses$268,229
Net Income$77,716
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 20, 2017
Return Version
2016v3.0
Gross Receipts
$345,945
Mission and Program Overview

Mission

Provide high quality preschool and kindergarten eduacation for children aged 2.5 to 6 years of age. Our program serves students all day and year round. Provide community education opportunities for the families of our students. Provide ongoing training and coaching for our staff members to further the montessori movement and always be increasing quality of care.

Provide high quality preschool and kindergarten education for children aged two to six years old. Our program serves students all day and year round. Provide community and education opportunities for the families of our students. Provide ongoing training and coaching for our staff members or further the montessori movement and always be increasing quality of care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$101,917$126,827▲ $24,910
Loans From Officers Directors$105,000$65,000▼ $40,000
Savings and Temporary Cash Investments$9,538$21,551▲ $12,013
Total Assets$111,455$148,378▲ $36,923
Liabilities
Deferred Revenue$26,152$24,152▼ $2,000
Other Liabilities$3,069$4,276▲ $1,207
Accounts Payable and Accrued Expenses$2,828$2,828→ $0
Total Liabilities$137,049$96,256▼ $40,793
Net Assets / Fund Balance
Unrestricted Net Assets$-25,594$52,122▲ $77,716
Total Net Assets Fund Balance$-25,594$52,122▲ $77,716
Total Liabilities and Net Assets / Fund Balance$111,455$148,378▲ $36,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karissa LightsmithHead of SchoolFT$29,591$29,591

Board Members and Trustees

NameTitle
Jeremy LightsmithChair of the Board
Tehut GetahunLocal Montessorian
Jenny Roraback-carsonParent Representative
Michelle HarrisonSecretary
Ramsey NessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,772
Program Service Revenue
$335,147
Investment Income
$26
Other Revenue
$0
Change in Net Assets
$77,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$188,970
Other Expenses$79,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,396--$134,396
Occupancy$49,840$1,478-$51,318
Current Officers, Directors, Trustees, and Key Employees-$29,591-$29,591
Payroll Taxes$15,019--$15,019
Other Employee Benefits$9,964--$9,964
Office Expenses$6,268$1,783-$8,051
Conferences and Meetings$2,816--$2,816
Other Expenses$1,637--$1,637
All Other Expenses$1,400--$1,400
Advertising-$59-$59
Total Functional Expenses$235,318$32,911$0$268,229
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Loans from Officers, Directors, Trustees, and Key Employees$105,000$65,000▼ $40,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$4,190
Wa Workers Compensation$86
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Karissa and jeremy lightsmith are married.

Form 990, Part VI, Section A, Line 7A

The parents of the current students vote one parent to serve a one year term as the parent representative. The parent representative brings any parent concerns to the board and is a voting member.

Form 990, Part VI, Section A, Line 7B

Governance descisions must be approved by a quorum of the board members.

Form 990, Part VI, Section B, Line 11B

Head of school and treasurer review the 990 before filing.

Form 990, Part VI, Section B, Line 15A

Board members that are not karissa or jeremy lightsmith looked at local montessori head of schools salaries from public records as well as independently gathered information of head of school salaries for montessori heads of school nationally before approving karissa's salary for head of school. The descision was recorded in the board meeting notes.

Form 990, Part VI, Section C, Line 19

On the school website and in the parent documents, the school says these documents are availabe to anyone upon request.

Filing and Contact Details

Filer

Filer Name
Lighthouse Montessori
EIN
27-1740706
Phone
2062011730
Address
7005 24TH AVE NW, SEATTLE, WA 98177

Signing Officer

Name
Cynthia Dahl
Title
Head of School
Phone
6022011730
Signed
2017-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Dahl
Formed
2011
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
4
Employees
10
Volunteers
5

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
Raw XML Appendix383 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR OF THE BOARD
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START-UP COSTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0140000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JEREMY LIGHTSMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CHAIR OF BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt065000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KARISSA AND JEREMY LIGHTSMITH ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PARENTS OF THE CURRENT STUDENTS VOTE ONE PARENT TO SERVE A ONE YEAR TERM AS THE PARENT REPRESENTATIVE. THE PARENT REPRESENTATIVE BRINGS ANY PARENT CONCERNS TO THE BOARD AND IS A VOTING MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DESCISIONS MUST BE APPROVED BY A QUORUM OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HEAD OF SCHOOL AND TREASURER REVIEW THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS THAT ARE NOT KARISSA OR JEREMY LIGHTSMITH LOOKED AT LOCAL MONTESSORI HEAD OF SCHOOLS SALARIES FROM PUBLIC RECORDS AS WELL AS INDEPENDENTLY GATHERED INFORMATION OF HEAD OF SCHOOL SALARIES FOR MONTESSORI HEADS OF SCHOOL NATIONALLY BEFORE APPROVING KARISSA'S SALARY FOR HEAD OF SCHOOL. THE DESCISION WAS RECORDED IN THE BOARD MEETING NOTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON THE SCHOOL WEBSITE AND IN THE PARENT DOCUMENTS, THE SCHOOL SAYS THESE DOCUMENTS ARE AVAILABE TO ANYONE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0111455
IRS990/TotalAssetsEOYAmt0148378
IRS990/TotalAssetsGrp/BOYAmt0111455
IRS990/TotalAssetsGrp/EOYAmt0148378
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010772
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032911
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235318
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137049
IRS990/TotalLiabilitiesEOYAmt096256
IRS990/TotalLiabilitiesGrp/BOYAmt0137049
IRS990/TotalLiabilitiesGrp/EOYAmt096256
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-25594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052122
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt01400
IRS990/TotalProgramServiceExpensesAmt0235318
IRS990/TotalProgramServiceRevenueAmt0335147
IRS990/TotalReportableCompFromOrgAmt029591
IRS990/TotalRevenueGrp/ExclusionAmt0335173
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345945
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0111455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0148378
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-25594
IRS990/UnrestrictedNetAssetsGrp/EOYAmt052122
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07005 24TH AVE NW
IRS990/USAddress/CityNm0SEATTLE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098177
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.LIGHTHOUSEMONTESSORI.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CYNTHIA DAHL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum06022011730
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHTHOUSE MONTESSORI
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0271740706
ReturnHeader/Filer/PhoneNum02062011730
ReturnHeader/Filer/USAddress/AddressLine1Txt07005 24TH AVE NW
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098177
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E97395F56F2DFA292E569B511C9322CB61FBFA37
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId083961AB5A019D39DE38CC2660224D147FF285020
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.210.254.4
ReturnHeader/FilingSecurityInformation/IPDt02017-12-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm015:33:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0912011386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACOBSON JARVIS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 FIRST AVE WEST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981194219
ReturnHeader/PreparerPersonGrp/PhoneNum02066288990
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD DONKIN CPA
ReturnHeader/ReturnTs02017-12-21T22:03:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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