Civic Intelligence

The Learning Tree

990 • Fiscal year 2021 • EIN 91-1072804

Sep 01, 2020 to Aug 31, 2021 • Filed on May 10, 2022

1721 15th AveSeattle, WA 98122

(206) 324-4788

Siviq Scores

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

Liabilities / Assets

74th percentile

0.20x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.18x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

55th percentile

16%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

72nd percentile

27%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

5.4%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$751,624

Up $157,939 (+27%) from 2020

Net Assets

Up

$601,503

Up $166,806 (+38%) from 2020

Liabilities

Down

$150,121

Down $8,867 (-5.6%) from 2020

Revenue

Up

$843,394

Up $43,519 (+5.4%) from 2020

Expenses

Down

$710,404

Down $233,020 (-25%) from 2020

Net Income

Up

$132,990

Up $276,539 (+193%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $206,649Liabilities 2011: $0Net Assets 2011: $206,6492011Assets 2012: $162,386Liabilities 2012: $0Net Assets 2012: $162,3862012Assets 2013: $161,477Liabilities 2013: $0Net Assets 2013: $161,4772013Assets 2014: $200,406Liabilities 2014: $0Net Assets 2014: $200,4062014Assets 2015: $211,200Liabilities 2015: $0Net Assets 2015: $211,2002015Assets 2016: $438,643Liabilities 2016: $0Net Assets 2016: $438,6432016Assets 2017: $507,423Liabilities 2017: $451Net Assets 2017: $506,9722017Assets 2018: $581,232Liabilities 2018: $30,547Net Assets 2018: $550,6852018Assets 2019: $587,155Liabilities 2019: $5,204Net Assets 2019: $581,9512019Assets 2020: $593,685Liabilities 2020: $158,988Net Assets 2020: $434,6972020Assets 2021: $751,624Liabilities 2021: $150,121Net Assets 2021: $601,5032021Assets 2022: $853,331Liabilities 2022: $13,886Net Assets 2022: $839,4452022Assets 2023: $898,290Liabilities 2023: $33,596Net Assets 2023: $864,6942023Assets 2024: $2,639,324Liabilities 2024: $1,409,563Net Assets 2024: $1,229,7612024Assets 2025: $2,846,961Liabilities 2025: $1,404,745Net Assets 2025: $1,442,2162025

Highlighted filing

2021

Assets$751,624
Liabilities$150,121
Net Assets$601,503

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $795,8702011Expenses 2012: $859,8312012Expenses 2013: $855,8652013Revenue 2014: $902,180Expenses 2014: $863,251Net Income 2014: $38,9292014Revenue 2015: $908,751Expenses 2015: $897,957Net Income 2015: $10,7942015Revenue 2016: $1,004,909Expenses 2016: $835,500Net Income 2016: $169,4092016Revenue 2017: $918,879Expenses 2017: $857,136Net Income 2017: $61,7432017Revenue 2018: $976,406Expenses 2018: $931,537Net Income 2018: $44,8692018Revenue 2019: $968,350Expenses 2019: $939,193Net Income 2019: $29,1572019Revenue 2020: $799,875Expenses 2020: $943,424Net Income 2020: -$143,5492020Revenue 2021: $843,394Expenses 2021: $710,404Net Income 2021: $132,9902021Revenue 2022: $1,263,111Expenses 2022: $984,813Net Income 2022: $278,2982022Revenue 2023: $1,160,114Expenses 2023: $1,139,547Net Income 2023: $20,5672023Revenue 2024: $1,538,519Expenses 2024: $1,214,369Net Income 2024: $324,1502024Revenue 2025: $1,537,643Expenses 2025: $1,339,906Net Income 2025: $197,7372025

Highlighted filing

2021

Revenue$843,394
Expenses$710,404
Net Income$132,990
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
May 10, 2022
Return Version
2020v4.2
Gross Receipts
$843,394
Mission and Program Overview

Mission

Operating a full time day monisouri school for children.

Operating a full-time Montessori day school for children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$434,697$601,503▲ $166,806
Savings and Temporary Cash Investments$276,341$277,020▲ $679
Investments in Publicly Traded Securities$207,298$247,663▲ $40,365
Cash and Non-Interest-Bearing Accounts$101,851$219,809▲ $117,958
Land, Buildings, and Equipment, Net$8,195$7,132▼ $1,063
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$593,685$751,624▲ $157,939
Liabilities
Unsecured Notes Loans Payable$156,200$149,000▼ $7,200
Other Liabilities$1,906--
Accounts Payable and Accrued Expenses$882$1,121▲ $239
Total Liabilities$158,988$150,121▼ $8,867
Net Assets / Fund Balance
Total Net Assets Fund Balance$434,697$601,503▲ $166,806
Total Liabilities and Net Assets / Fund Balance$593,685$751,624▲ $157,939

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,994$37,500$43,494
Other Land Buildings$1,138$28,225$29,363
Equipment$0$6,048$6,048
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen CampbellExecutive DirectorFT$77,673$20,094$97,767
Laurie WickBoard Member-$4,744$4,971$9,715
Vincent DuffyBoard Member-$4,400$5,307$9,707

Board Members and Trustees

NameTitle
Rob PurcellPresident
Amanda ThompkinsBoard Member
Dawn BushnaqBoard Member
Derek NowakBoard Member
Molly Moon NeitzelBoard Member
Diana ShukisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$215,256
Program Service Revenue
$618,645
Investment Income
$9,321
Other Revenue
$172
All Other Contributions
$35,880
Change in Net Assets
$132,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$578,252
Other Expenses$132,152
Total Fundraising Expense$3,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,574$129,186$1,411$381,171
Current Officers, Directors, Trustees, and Key Employees$7,192$82,178$1,438$90,808
Occupancy$71,088$419-$71,507
Other Employee Benefits$35,773$28,500$395$64,668
Payroll Taxes$23,947$17,412$246$41,605
Insurance$10,710--$10,710
Fees for Services Accounting-$5,360-$5,360
Fees for Services Other$4,442--$4,442
Information Technology$4,183$225-$4,408
Office Expenses$3,733$186-$3,919
Conferences and Meetings$2,191$155-$2,346
Fees for Service Investment Mgmnt Fees-$2,210-$2,210
Other Expenses$1,807--$1,807
Depreciation Depletion$1,063--$1,063
Travel$50--$50
Total Functional Expenses$441,083$265,831$3,490$710,404
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Laurie WickBoard MemberBuilding rentNo$60,000
Vincent DuffyBoard MemberBuilding rentNo$60,000
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
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 B, line 11B

Prior to filing and after the Director has met with the accountant, Members meet with director to review Form 990.

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

Board Members who have a conflict of interest may not vote on issues with which they are conflicted. Additionally, Members are required to disclose such conflicts as they arise.

Form 990, Part VI, Section B, line 15

The Board reviews and approves the Director's salary based on a review of the annual activity of the Organization and comparable compensation data ofother Montessori schools. The Board reviews and approves Officer salaries based on a review of the annual activity of the Organization and comparable compensation data of other Montessori schools.

Form 990, Part VI, Section C, line 19

The Organization makes available all governing documents, the conflict of interest policy, financial records, and Form 990 upon request.

Filing and Contact Details

Filer

Filer Name
The Learning Tree
EIN
91-1072804
Phone
2063244788
Address
1721 15th Ave, Seattle, WA 98122

Signing Officer

Name
Molly Moon Neitzel
Title
President
Phone
2063244788
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Molly Moon Neitzel
Formed
1979
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
6
Employees
22
Volunteers
70

Preparer

Firm
Greenwood Ohlund PS
Address
4241 21st Ave W Suite 400, Seattle, WA 98199
Preparer
Jason P Mallon CPA
Phone
2067821767
Raw XML AppendixShowing 400 of 440 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/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016248
IRS990/PYOtherExpensesAmt0172499
IRS990/PYOtherRevenueAmt0210
IRS990/PYProgramServiceRevenueAmt0745607
IRS990/PYRevenuesLessExpensesAmt0-143549
IRS990/PYSalariesCompEmpBnftPaidAmt0770925
IRS990/PYTotalExpensesAmt0943424
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0799875
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0132990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0618645
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0434697
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0601503
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0276341
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0277020
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06048
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06048
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05994
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037500
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt043494
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01138
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028225
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029363
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07132
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The Learning Tree does not discriminate by race, sex, creed, national origin, or sexual orientation in either admission of students or in hiring policies. This is publicized in brochures and on the School's website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The State of Washington provides subsidies for certain children.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Vincent Duffy
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Laurie Wick
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Board Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt060000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt160000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Building rent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Building rent
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Vincent Duffy and Laurie Wick are owners of DW 15. The Learning Tree rents its building from DW 15, and paid rent of $60,000 in the 2020-2021 fiscal year.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch L, Part IV, Business Transactions Involving Interested Persons:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prior to filing and after the Director has met with the accountant, Members meet with director to review Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members who have a conflict of interest may not vote on issues with which they are conflicted. Additionally, Members are required to disclose such conflicts as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board reviews and approves the Director's salary based on a review of the annual activity of the Organization and comparable compensation data ofother Montessori schools. The Board reviews and approves Officer salaries based on a review of the annual activity of the Organization and comparable compensation data of other Montessori schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes available all governing documents, the conflict of interest policy, financial records, and Form 990 upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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/TotalAssetsBOYAmt0593685
IRS990/TotalAssetsEOYAmt0751624
IRS990/TotalAssetsGrp/BOYAmt0593685
IRS990/TotalAssetsGrp/EOYAmt0751624
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0215256
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03490
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0265831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441083
IRS990/TotalFunctionalExpensesGrp/TotalAmt0710404
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0158988
IRS990/TotalLiabilitiesEOYAmt0150121
IRS990/TotalLiabilitiesGrp/BOYAmt0158988
IRS990/TotalLiabilitiesGrp/EOYAmt0150121
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0434697
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0601503
IRS990/TotalOtherCompensationAmt030372
IRS990/TotalProgramServiceExpensesAmt0441083
IRS990/TotalProgramServiceRevenueAmt0618645
IRS990/TotalReportableCompFromOrgAmt086817
IRS990/TotalRevenueGrp/ExclusionAmt09493
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0618645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0843394
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0593685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0751624
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt050
IRS990/TravelGrp/TotalAmt050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0156200
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0149000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01721 15th Ave

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.85$1.40$1.44$1.54$1.34$0.20
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$1.41$1.23$1.54$1.21$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.03$0.86$1.16$1.14$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.01$0.84$1.26$0.98$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.15$0.60$0.84$0.71$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.16$0.43$0.80$0.94$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.01$0.58$0.97$0.94$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.03$0.55$0.98$0.93$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$0.92$0.86$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$1.00$0.84$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.91$0.90$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.90$0.86$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.80