Civic Intelligence

Laurel Academy

990 • Fiscal year 2021 • EIN 38-3830684

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 24, 2022

Organization ProfileLAURELACADEMY.ORG

View Organization Page

12700 35th Ave NESeattle, WA 98125

(206) 522-5992

Siviq Scores

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

Liabilities / Assets

61st percentile

0.22x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.61x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

54th percentile

15%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$125,567

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

58th percentile

13%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

61%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$5,414,944

Up $633,928 (+13%) from 2020

Net Assets

Up

$4,231,060

Up $285,394 (+7.2%) from 2020

Liabilities

Up

$1,183,884

Up $348,534 (+42%) from 2020

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin54th percentile

Revenue

Up

$1,943,932

Up $738,398 (+61%) from 2020

Expenses

Up

$1,658,538

Up $467,245 (+39%) from 2020

Net Income

Up

$285,394

Up $271,153 (+1904%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $289,246Liabilities 2013: $5,653Net Assets 2013: $283,5932013Assets 2014: $1,349,694Liabilities 2014: $1,724Net Assets 2014: $1,347,9702014Assets 2015: $1,667,345Liabilities 2015: $3,610Net Assets 2015: $1,663,7352015Assets 2016: $1,547,256Liabilities 2016: $10,322Net Assets 2016: $1,536,9342016Assets 2017: $1,468,422Liabilities 2017: $54,342Net Assets 2017: $1,414,0802017Assets 2018: $4,410,979Liabilities 2018: $541,968Net Assets 2018: $3,869,0112018Assets 2019: $4,465,381Liabilities 2019: $533,956Net Assets 2019: $3,931,4252019Assets 2020: $4,781,016Liabilities 2020: $835,350Net Assets 2020: $3,945,6662020Assets 2021: $5,414,944Liabilities 2021: $1,183,884Net Assets 2021: $4,231,0602021Assets 2022: $5,168,668Liabilities 2022: $1,005,756Net Assets 2022: $4,162,9122022Assets 2023: $5,075,255Liabilities 2023: $919,938Net Assets 2023: $4,155,3172023Assets 2024: $4,975,498Liabilities 2024: $883,795Net Assets 2024: $4,091,7032024

Highlighted filing

2021

Assets$5,414,944
Liabilities$1,183,884
Net Assets$4,231,060
Open 2021 Filing

Operations Trend

Revenue Growth82nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $591,217Expenses 2013: $311,142Net Income 2013: $280,0752013Revenue 2014: $1,660,655Expenses 2014: $596,279Net Income 2014: $1,064,3762014Revenue 2015: $1,176,116Expenses 2015: $860,351Net Income 2015: $315,7652015Revenue 2016: $874,072Expenses 2016: $1,000,873Net Income 2016: -$126,8012016Revenue 2017: $926,870Expenses 2017: $1,049,724Net Income 2017: -$122,8542017Revenue 2018: $3,580,103Expenses 2018: $1,125,172Net Income 2018: $2,454,9312018Revenue 2019: $1,192,758Expenses 2019: $1,164,533Net Income 2019: $28,2252019Revenue 2020: $1,205,534Expenses 2020: $1,191,293Net Income 2020: $14,2412020Revenue 2021: $1,943,932Expenses 2021: $1,658,538Net Income 2021: $285,3942021Revenue 2022: $1,695,009Expenses 2022: $1,763,157Net Income 2022: -$68,1482022Revenue 2023: $1,923,420Expenses 2023: $1,931,015Net Income 2023: -$7,5952023Revenue 2024: $1,952,550Expenses 2024: $2,016,164Net Income 2024: -$63,6142024

Highlighted filing

2021

Revenue$1,943,932
Expenses$1,658,538
Net Income$285,394
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 24, 2022
Return Version
2021v4.2
Gross Receipts
$1,948,162
Mission and Program Overview

Mission

To provide private elementary education to children in a safe environment using applied scholastics' study technology, to produce happy, challenged, supported, and well-educated students.

To provide private elementary education to children in a safe environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,306,685$5,026,859▲ $720,174
Rtn Earn Endowment Incm Other Fnds$3,945,666$4,231,060▲ $285,394
Loans From Officers Directors$0$725,152▲ $725,152
Cash and Non-Interest-Bearing Accounts$61,333$329,520▲ $268,187
Savings and Temporary Cash Investments$404,665$51,327▼ $353,338
Intangible Assets$7,433$7,238▼ $195
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,781,016$5,414,944▲ $633,928
Other Assets Total$900--
Liabilities
Mortgage Notes Payable Secured by Investment Property$491,013$367,390▼ $123,623
Unsecured Notes Loans Payable$300,195--
Accounts Payable and Accrued Expenses$22,668$91,342▲ $68,674
Deferred Revenue$21,474--
Total Liabilities$835,350$1,183,884▲ $348,534
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,945,666$4,231,060▲ $285,394
Total Liabilities and Net Assets / Fund Balance$4,781,016$5,414,944▲ $633,928

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,996,718-$2,996,718
Leasehold Improvements$2,022,074$730,852$2,752,926
Equipment$5,044$38,757$43,801
Other Land Buildings$0$14,150$14,150
Buildings$3,023$259$3,282
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeanne FrengExecutive DirectorFT$125,567$125,567

Board Members and Trustees

NameTitle
Tim StonerDirector & President
Colleen MitchelDirector
Jay WindlandDirector
Shannon BurkeDirector & Secretary
Shanis WindlandDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,072
Program Service Revenue
$1,688,032
Investment Income
$58
Other Revenue
$-4,230
All Other Contributions
$84,261
Change in Net Assets
$285,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$983,746
Other Expenses$674,792
Total Fundraising Expense$7,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$715,397$39,408$3,875$758,680
Occupancy$342,616$18,895$1,853$363,364
Depreciation Depletion$130,731--$130,731
Current Officers, Directors, Trustees, and Key Employees$118,398$6,529$640$125,567
Payroll Taxes$68,536$3,780$371$72,687
Interest$42,165$2,325$228$44,718
Other Employee Benefits$25,281$1,394$137$26,812
Payments to Affiliates$23,659--$23,659
Fees for Services Accounting$2,368$8,450-$10,818
Fees for Services Other$9,799--$9,799
Advertising$8,003$168-$8,171
Information Technology$6,597$364$36$6,997
Office Expenses$3,612$222$14$3,848
Insurance$2,186$120$12$2,318
Other Expenses$3,006$891$134$891
Travel$541$30$3$574
All Other Expenses$195--$195
Total Functional Expenses$1,567,288$83,948$7,303$1,658,538
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,230
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Mbw Properties Is Owned by Officer Tim Stoner.TOTAL RENT PAID $259,786No$259,786

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$725,152▲ $725,152
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 35% controlled entity
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
Yes
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, Section A, Line 2

“Shanis and jay windland have a family relationship.”

Form 990, Part VI, Section A, Line 8B

“No committees were authorized to act by the governing body.”

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

“The governing directors and officers are given a copy of the form 990 and financial statements for the corresponding year for review in board of directors meeting before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Any possible conflict of interest shall be disclosed to the board of directors "by the person concerned", if that person is a director or the president of the corporation. If the person with the potential conflict is a staff member or any other officer, they should report the conflict to the president or whoever the president had designated. If any conflict of interest is relevant to a matter requiring action by the board of directors, the interested person shall call it to the attention of the board or its appropriate committee and such person shall not vote on the matter. The minutes of the meeting of the board or committee reflect the disclosure of the conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The organization reviews several sources, including the public school records, to determine the range of pay that is acceptable for specific positions.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Laurel Academy
EIN
38-3830684
Phone
2065225992
Address
12700 35TH AVE NE, SEATTLE, WA 98125
Doing Business As
Little Laurels Montessori Preschool

Signing Officer

Name
Jeanne Freng
Title
Executive Director
Phone
2065225992
Signed
2022-08-24

Organization Details

Principal Officer
Tim Stoner
Formed
2011
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
5
Employees
30
Volunteers
6

Preparer

Firm
GARCIA & ORTIZ PA CPA'S
Address
888 EXECUTIVE CENTER DRIVE WEST 101, ST PETERSBURG, FL 33702
Preparer
James P Waters CPA
Phone
7275761245
Raw XML AppendixShowing 400 of 478 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/Desc0WE BELIEVE THAT ALL CHILDREN HAVE GREAT POTENITAL AND START OFF LIFE WITH GREAT INTEREST IN LEARNING, AND THAT DIFFICULTIES IN SCHOOL ARE PRIMARILY A RESULT OF A POOR OR FLAWED EDUCATIONAL APPROACH ANDMETHODS. IF CHILDREN HAVE A PURPOSE FOR THE SUBJECTS BEING LEARNED, ALONG WITH THE PROPER TOOLS FOR RECOGNIZING BARRIERS TO LEARNING AND HOW TO REMEDY THEM, THEY CAN BE MORE RESPONSIBLE FOR THEIR OWN LEARNING SITUATION AND MAINTAIN THEIR INTEREST IN THE SUBJECTS THEY WANT TO KNOW ABOUT. WE PROVIDE THIS EDUCATION FROM K-6TH GRADE IN ORGANIZED ACTIVITIES USING A FULL-YEAR CURRICULUM. DUE TO ITS LOCATION, CLOSE TO THE UNIVERSITY OF WASHINGTON AND OTHER INTERNATIONAL BUSINESSES, OUR SCHOOL ATTRACTS A DIVERSE POPULATION OF FAMILIES FROM ALL OVER THE WORLD. (CONTINUED ON SCHEDULE O) CURRENTLY SERVING 110 CHILDREN BETWEEN THE AGES OF 2 AND 12 YEARS IN 9 CLASSROOMS.OUR KINDER PREP PROGRAM IS SUCCESSFULLY BRIDGING CHILDREN UP FROM THE PRESCHOOL INTO THE ELEMENTARY, GIVING THEM SKILLS AND EXPERIENCE TO NAVIGATE IN AN ELEMENTARY SETTING, JUST AS OUR GRADUATING STUDENTS ARE ACHIEVING SUCCESS IN THEIR NEW MIDDLE SCHOOL ENVIRONMENTS.
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IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt0134
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01372
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1891
IRS990/OtherExpensesGrp/ProgramServicesAmt039325
IRS990/OtherExpensesGrp/ProgramServicesAmt124872
IRS990/OtherExpensesGrp/ProgramServicesAmt23006
IRS990/OtherExpensesGrp/TotalAmt039325
IRS990/OtherExpensesGrp/TotalAmt126378
IRS990/OtherExpensesGrp/TotalAmt23006
IRS990/OtherExpensesGrp/TotalAmt3891
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03875
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039408
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0715397
IRS990/OtherSalariesAndWagesGrp/TotalAmt0758680
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt023659
IRS990/PaymentsToAffiliatesGrp/TotalAmt023659
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0371
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03780
IRS990/PayrollTaxesGrp/ProgramServicesAmt068536
IRS990/PayrollTaxesGrp/TotalAmt072687
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIM STONER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/BusinessCd4611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1SBA FORGIVENESS INC.
IRS990/ProgramServiceRevenueGrp/Desc2ENROLLMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc4PIANO LESSONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01511899
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1135703
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312157
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01511899
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410080
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt053931
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0866
IRS990/PYOtherExpensesAmt0396841
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01150737
IRS990/PYRevenuesLessExpensesAmt014241
IRS990/PYSalariesCompEmpBnftPaidAmt0794452
IRS990/PYTotalExpensesAmt01191293
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01205534
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0285394
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01688032
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03945666
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04231060
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0404665
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051327
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03023
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0259
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03282
IRS990ScheduleD/EquipmentGrp/BookValueAmt05044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043801
IRS990ScheduleD/LandGrp/BookValueAmt02996718
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02996718
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02022074
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0730852
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02752926
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014150
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014150
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05026859
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATION NOTICE WAS PUBLISHED IN THE SEATTLE TIMES, A MAJOR NEWSPAPER, ON FEBRUARY 25TH, 2021. THE POLICY WAS INCLUDED ON ALL PIECES OF PROMOTION MAILED TO, AND POSTED AROUND, OUR LOCAL COMMUNITY AND GENERAL AREA OF SERVICE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MBW PROPERTIES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MBW PROPERTIES IS OWNED BY OFFICER TIM STONER.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0259786
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TOTAL RENT PAID $259,786
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt099154
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1148606
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2477392
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0MBW PROPERTIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1DEFERRED RENT PAYABLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2GARDEN ROOM LOAN TO THE ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1155663
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2484000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TIM STONER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1TIM STONER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt0725152
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHANIS AND JAY WINDLAND HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMMITTEES WERE AUTHORIZED TO ACT BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DIRECTORS AND OFFICERS ARE GIVEN A COPY OF THE FORM 990 AND FINANCIAL STATEMENTS FOR THE CORRESPONDING YEAR FOR REVIEW IN BOARD OF DIRECTORS MEETING BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS "BY THE PERSON CONCERNED", IF THAT PERSON IS A DIRECTOR OR THE PRESIDENT OF THE CORPORATION. IF THE PERSON WITH THE POTENTIAL CONFLICT IS A STAFF MEMBER OR ANY OTHER OFFICER, THEY SHOULD REPORT THE CONFLICT TO THE PRESIDENT OR WHOEVER THE PRESIDENT HAD DESIGNATED. IF ANY CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF DIRECTORS, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE BOARD OR ITS APPROPRIATE COMMITTEE AND SUCH PERSON SHALL NOT VOTE ON THE MATTER. THE MINUTES OF THE MEETING OF THE BOARD OR COMMITTEE REFLECT THE DISCLOSURE OF THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS SEVERAL SOURCES, INCLUDING THE PUBLIC SCHOOL RECORDS, TO DETERMINE THE RANGE OF PAY THAT IS ACCEPTABLE FOR SPECIFIC POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04781016
IRS990/TotalAssetsEOYAmt05414944

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,414,944
Liabilities
$1,183,884
Net assets
$4,231,060
Revenue
$1,943,932
Expenses
$1,658,538
Net income
$285,394
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.88$4.09$1.95$2.02$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.92$4.16$1.92$1.93$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$1.01$4.16$1.70$1.76$0.07
2021Detailed filing. Detailed filing data is available for this year.$5.41$1.18$4.23$1.94$1.66$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.84$3.95$1.21$1.19$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.53$3.93$1.19$1.16$0.03
2018Summary only. Only limited summary data is available for this year.$4.41$0.54$3.87$3.58$1.13$2.45
2017Detailed filing. Detailed filing data is available for this year.$1.47$0.05$1.41$0.93$1.05$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.01$1.54$0.87$1.00$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.66$1.18$0.86$0.32
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$1.66$0.60$1.06
2013Summary only. Only limited summary data is available for this year.$0.29$0.01$0.28$0.59$0.31$0.28