Civic Intelligence

Laurel Academy

990 • Fiscal year 2023 • EIN 38-3830684

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 28, 2024

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

57th percentile

0.18x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.48x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

37th percentile

-0.4%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

52nd percentile

$130,110

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

26th percentile

-1.8%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

13%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$5,075,255

Down $93,413 (-1.8%) from 2022

Net Assets

Down

$4,155,317

Down $7,595 (-0.2%) from 2022

Liabilities

Down

$919,938

Down $85,818 (-8.5%) from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin37th percentile

Revenue

Up

$1,923,420

Up $228,411 (+13%) from 2022

Expenses

Up

$1,931,015

Up $167,858 (+9.5%) from 2022

Net Income

Up

-$7,595

Up $60,553 (+89%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2023

Assets$5,075,255
Liabilities$919,938
Net Assets$4,155,317
Open 2023 Filing

Operations Trend

Revenue Growth62nd 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

2023

Revenue$1,923,420
Expenses$1,931,015
Net Income-$7,595
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 28, 2024
Return Version
2023v5.1
Gross Receipts
$1,927,491
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,949,611$4,876,407▼ $73,204
Rtn Earn Endowment Incm Other Fnds$4,162,912$4,155,317▼ $7,595
Loans From Officers Directors$565,579$491,973▼ $73,606
Savings and Temporary Cash Investments$114,369$114,414▲ $45
Cash and Non-Interest-Bearing Accounts$67,172$78,842▲ $11,670
Intangible Assets$7,154$5,592▼ $1,562
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,168,668$5,075,255▼ $93,413
Other Assets Total$30,362$0▼ $30,362
Liabilities
Mortgage Notes Payable Secured by Investment Property$372,641$345,000▼ $27,641
Deferred Revenue-$55,674-
Accounts Payable and Accrued Expenses$67,536$27,291▼ $40,245
Total Liabilities$1,005,756$919,938▼ $85,818
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,162,912$4,155,317▼ $7,595
Total Liabilities and Net Assets / Fund Balance$5,168,668$5,075,255▼ $93,413

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,996,718-$2,996,718
Leasehold Improvements$1,795,176$1,016,362$2,811,538
Other Land Buildings$81,658$63,260$144,918
Buildings$2,855$427$3,282
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeanne FrengExecutive DirectorFT$130,110$130,110

Board Members and Trustees

NameTitle
Tim StonerDirector & President
Jay WindlandDirector
Kelly KertchumDirector
Shannon BurkeDirector & Secretary
Shanis WindlandDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,732
Program Service Revenue
$1,897,612
Investment Income
$147
Other Revenue
$-4,071
All Other Contributions
$19,625
Change in Net Assets
$-7,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,258,313
Other Expenses$672,702
Total Fundraising Expense$6,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$977,515$14,751$1,530$993,796
Occupancy$350,534$13,390$1,623$365,547
Depreciation Depletion$151,692--$151,692
Current Officers, Directors, Trustees, and Key Employees$101,486$26,022$2,602$130,110
Payroll Taxes$95,751$3,621$369$99,741
Other Employee Benefits$33,280$1,258$128$34,666
Office Expenses$32,507$378$39$32,924
Payments to Affiliates$25,181--$25,181
Interest$16,643$629$64$17,336
Fees for Services Other$13,330--$13,330
Insurance$10,271$392$47$10,710
Advertising$6,299$224$23$6,546
Fees for Services Legal-$6,473-$6,473
Fees for Services Accounting$3,552$200-$3,752
Information Technology$3,426$130$13$3,569
Travel$3,006$95$10$3,111
Other Expenses$1,562$399$41$1,562
All Other Expenses-$678-$678
Total Functional Expenses$1,855,886$68,640$6,489$1,931,015
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,071
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 $259,988No$259,988

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$565,579$491,973▼ $73,606
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
2024-08-28

Organization Details

Principal Officer
Tim Stoner
Formed
2011
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
5
Employees
34
Volunteers
15

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
Supplemental Narrative

Additional Explanations

Form 990 Part I Line 1 - Mission Statement

“To empower young learners with the tools of montessori education, progressing toward a mastery of independent study skills with applied scholastics' study technology.”

Raw XML AppendixShowing 400 of 466 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/Desc0SINCE ITS FOUNDING IN 2011, LAUREL ACADEMY HAS GROWN FROM TWO TEACHERS AND STAFF IN A SINGLE CLASSROOM TO A TEAM OF 22 TEACHERS AND STAFF OPERATING 9 CLASSROOMS SPREAD ACROSS A 1.7 ACRE CAMPUS. THE SMALL GROUP OF STUDENTS AND FAMILIES WE SERVED AT OUR INCEPTION HAS BLOSSOMED INTO A COMMUNITY OF OVER 100 STUDENTS AND FAMILIES; WITH THOSE EARLIEST KINDERGARTENERS NOW EXCELLING IN ADVANCED PLACEMENT AND COLLEGE LEVEL COURSES AS THEY APPROACH HIGH SCHOOL GRADUATION. BUT LAUREL ACADEMY'S GROWTH IS MORE THAN JUST NUMBERS. THE QUALITY AND CONNECTION OF OUR SCHOOL COMMUNITY CONTINUES TO SHINE WITH SPECIAL EVENTS, FIELD TRIPS AND PERFORMANCES EACH SEMESTER. OUR PARENTS ARE ACTIVE AND ENGAGED WITH VOLUNTEER PROJECTS TO MAKE A STRONGER AND SAFER SCHOOL ENVIRONMENT. AND PERHAPS MORE IMPORTANTLY, THEY ARE SETTING THE EXAMPLE OF INVOLVEMENT AND PARTICIPATION WE WANT OUR STUDENTS TO CONTINUOUSLY OBSERVE. LAUREL ACADEMY IS A DYNAMIC AND THRIVING ORGANIZATION WITH ITS MISSION AND VALUES FRONT AND CENTER EVERY SCHOOL DAY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/MissionDesc0OUR MISSION IS TO EMPOWER YOUNG LEARNERS WITH THE TOOLS OF MONTESSORI EDUCATION, PROGRESSING TOWARD A MASTERY OF INDEPENDENT STUDY SKILLS WITH APPLIED SCHOLASTICS' STUDY TECHNOLOGY. WE AIM TO PRODUCE GRADUATES WHO STUDY FOR APPLICATION AND ARE EQUIPPED TO THRIVE IN ANY ENDEAVOR.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01258
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033280
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034666
IRS990/OtherExpensesGrp/Desc0SCHOOL MATERIALS AND SU
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2TEACHER TRAINING
IRS990/OtherExpensesGrp/Desc3AMORTIZATION
IRS990/OtherExpensesGrp/FundraisingAmt041
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0399
IRS990/OtherExpensesGrp/ProgramServicesAmt017182
IRS990/OtherExpensesGrp/ProgramServicesAmt110559
IRS990/OtherExpensesGrp/ProgramServicesAmt22110
IRS990/OtherExpensesGrp/ProgramServicesAmt31562
IRS990/OtherExpensesGrp/TotalAmt017182
IRS990/OtherExpensesGrp/TotalAmt110999
IRS990/OtherExpensesGrp/TotalAmt22110
IRS990/OtherExpensesGrp/TotalAmt31562
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01530
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014751
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0977515
IRS990/OtherSalariesAndWagesGrp/TotalAmt0993796
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt025181
IRS990/PaymentsToAffiliatesGrp/TotalAmt025181
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0369
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03621
IRS990/PayrollTaxesGrp/ProgramServicesAmt095751
IRS990/PayrollTaxesGrp/TotalAmt099741
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/Desc1EXTENDED CARE
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER SALES
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4ENROLLMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01638102
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1115925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt282724
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt331693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt421100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01638102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1115925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt282724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt421100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt084968
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0542
IRS990/PYOtherExpensesAmt0681964
IRS990/PYOtherRevenueAmt0-2948
IRS990/PYProgramServiceRevenueAmt01612447
IRS990/PYRevenuesLessExpensesAmt0-68148
IRS990/PYSalariesCompEmpBnftPaidAmt01081193
IRS990/PYTotalExpensesAmt01763157
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01695009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-7595
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01897612
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04162912
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04155317
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0114369
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0114414
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/BookValueAmt02855
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03282
IRS990ScheduleD/LandGrp/BookValueAmt02996718
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02996718
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01795176
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01016362
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02811538
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081658
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt063260
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0144918
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04876407
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 MAY 29TH, 2023 IN THE LEGAL SECTION. 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/TransactionAmt0259988
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TOTAL RENT PAID $259,988
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt035744
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1456229
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0MBW PROPERTIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0DEFERRED RENT PAYABLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1GARDEN ROOM LOAN TO THE ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0155663
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1484000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TIM STONER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0491973
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO EMPOWER YOUNG LEARNERS WITH THE TOOLS OF MONTESSORI EDUCATION, PROGRESSING TOWARD A MASTERY OF INDEPENDENT STUDY SKILLS WITH APPLIED SCHOLASTICS' STUDY TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHANIS AND JAY WINDLAND HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES WERE AUTHORIZED TO ACT BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4ANY 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/ExplanationTxt5THE ORGANIZATION REVIEWS SEVERAL SOURCES, INCLUDING THE PUBLIC SCHOOL RECORDS, TO DETERMINE THE RANGE OF PAY THAT IS ACCEPTABLE FOR SPECIFIC POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART I LINE 1 - MISSION STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/TotalAssetsBOYAmt05168668
IRS990/TotalAssetsEOYAmt05075255
IRS990/TotalAssetsGrp/BOYAmt05168668
IRS990/TotalAssetsGrp/EOYAmt05075255
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt029732
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06489
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068640

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,075,255
Liabilities
$919,938
Net assets
$4,155,317
Revenue
$1,923,420
Expenses
$1,931,015
Net income
-$7,595
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
2023Detailed filing. Detailed filing data is available for this year.$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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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