Civic Intelligence

The Learning Tree

990 • Fiscal year 2025 • EIN 91-1072804

Sep 01, 2024 to Aug 31, 2025

1721 15th AveSeattle, WA 98122

(206) 324-4788

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,846,961

Up $207,637 (+7.9%) from 2024

Net Assets

Up

$1,442,216

Up $212,455 (+17%) from 2024

Liabilities

Down

$1,404,745

Down $4,818 (-0.3%) from 2024

Revenue And Expenses

Revenue

Down

$1,537,643

Down $876 (-0.1%) from 2024

Expenses

Up

$1,339,906

Up $125,537 (+10%) from 2024

Net Income

Down

$197,737

Down $126,413 (-39%) from 2024

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

2025

Assets$2,846,961
Liabilities$1,404,745
Net Assets$1,442,216

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

2025

Revenue$1,537,643
Expenses$1,339,906
Net Income$197,737
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Feb 25, 2026
Return Version
2024v5.5
Gross Receipts
$1,676,127
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
Land, Buildings, and Equipment, Net$2,095,095$2,068,534▼ $26,561
Savings and Temporary Cash Investments$235,643$498,115▲ $262,472
Investments in Publicly Traded Securities$244,837$223,441▼ $21,396
Cash and Non-Interest-Bearing Accounts$63,749$56,871▼ $6,878
Total Assets$2,639,324$2,846,961▲ $207,637
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,399,311$1,400,014▲ $703
Other Liabilities$10,252$4,731▼ $5,521
Total Liabilities$1,409,563$1,404,745▼ $4,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,229,761$1,442,216▲ $212,455
Total Net Assets Fund Balance$1,229,761$1,442,216▲ $212,455
Total Liabilities and Net Assets / Fund Balance$2,639,324$2,846,961▲ $207,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,068,534$58,724$2,127,258
Equipment$0$78,905$78,905
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen CampbellExecutive DirectorFT$85,687$2,375$88,062

Board Members and Trustees

NameTitle
David HobbetPresident (start Jan)
Molly Moon NeitzelPresident, Board Member
Chris HollisVice President (start Jan)
Amanda ThompkinsBoard Member
Dawn BushnaqBoard Member
Salina GrayBoard Member
Tracy CrowleyBoard Member
Michele WangBoard Member (start Mar)
Joelle WheatleySecretary
Kavery PodanolandoTreasurer (until Aug)
Revenue and Support

Revenue Composition

Contributions and Grants
$205,426
Program Service Revenue
$1,265,323
Investment Income
$66,894
Other Revenue
$0
All Other Contributions
$205,426
Change in Net Assets
$197,737

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$49,777Fair Market Value (FMV)
Total Noncash Contributions1$49,777-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$964,444
Other Expenses$364,674
Total Fundraising Expense$20,657
Professional Fundraising Fees$10,788
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$631,399$26,507$8,813$666,719
Interest-$96,614-$96,614
Other Employee Benefits$92,073--$92,073
Current Officers, Directors, Trustees, and Key Employees-$87,516-$87,516
Payroll Taxes$68,395$11,408$907$80,710
Occupancy$45,784$17,837-$63,621
Depreciation Depletion-$58,266-$58,266
Pension Plan Contributions-$37,426-$37,426
Insurance$21,152$2,432-$23,584
Fees for Services Accounting-$22,052-$22,052
Conferences and Meetings$7,640$4,222-$11,862
Fees for Services Professional Fundraising--$10,788$10,788
Information Technology$10,759$19-$10,778
Office Expenses$4,628$2,561-$7,189
Fees for Service Investment Mgmnt Fees$40$4,600-$4,640
Travel$1,110$46-$1,156
Fees for Services Other$600$200-$800
Advertising$315$465-$780
Other Expenses$2,215$215$149$215
Fees for Services Legal-$40-$40
Total Functional Expenses$944,265$374,984$20,657$1,339,906
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,788
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,709
Credit Card Liability$22
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
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, 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 15A

The board reviews and approves the director's salary 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
David Hobbet
Title
President
Phone
2063244788
Signed
2026-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hobbet
Formed
1979
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
24
Volunteers
18

Preparer

Firm
Greenwood Ohlund Ps
Address
4241 21ST AVE W SUITE 400, SEATTLE, WA 98199
Preparer
AMANDA O'ROURKE CPA
Phone
2067821767
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08813
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026507
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0631399
IRS990/OtherSalariesAndWagesGrp/TotalAmt0666719
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0907
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011408
IRS990/PayrollTaxesGrp/ProgramServicesAmt068395
IRS990/PayrollTaxesGrp/TotalAmt080710
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037426
IRS990/PensionPlanContributionsGrp/TotalAmt037426
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID HOBBET
IRS990/PriorPeriodAdjustmentsAmt0-3579
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01265323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01265323
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0290657
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032362
IRS990/PYOtherExpensesAmt0266890
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01215500
IRS990/PYRevenuesLessExpensesAmt0324150
IRS990/PYSalariesCompEmpBnftPaidAmt0947479
IRS990/PYTotalExpensesAmt01214369
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01538519
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0197737
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01265323
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0235643
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0498115
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/BookValueAmt02068534
IRS990ScheduleD/BuildingsGrp/DepreciationAmt058724
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02127258
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02068534
IRS990ScheduleD/TotalLiabilityAmt04731
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. DURING THE YEAR, WE ALSO RECEIVED A STAFF RETENTION GRANT FROM THE CITY OF SEATTLE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt049777
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0NUMBER OF CONTRIBUTIONS MADE
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
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 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 15A
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/TotalAssetsBOYAmt02639324
IRS990/TotalAssetsEOYAmt02846961
IRS990/TotalAssetsGrp/BOYAmt02639324
IRS990/TotalAssetsGrp/EOYAmt02846961
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0205426
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020657
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0374984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0944265
IRS990/TotalFunctionalExpensesGrp/TotalAmt01339906
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01409563
IRS990/TotalLiabilitiesEOYAmt01404745
IRS990/TotalLiabilitiesGrp/BOYAmt01409563
IRS990/TotalLiabilitiesGrp/EOYAmt01404745
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01229761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01442216
IRS990/TotalOtherCompensationAmt02375
IRS990/TotalProgramServiceExpensesAmt0944265
IRS990/TotalProgramServiceRevenueAmt01265323
IRS990/TotalReportableCompFromOrgAmt085687
IRS990/TotalRevenueGrp/ExclusionAmt066894
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01265323

Document Assets

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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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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