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.”
990 • Fiscal year 2025 • EIN 91-1072804
Scores are not available for this record yet.
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
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
Operating a full time day monisouri school for children.
Operating a full-time montessori day school for children.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,068,534 | $58,724 | $2,127,258 |
| Equipment | $0 | $78,905 | $78,905 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Karen Campbell | Executive Director | FT | $85,687 | $2,375 | $88,062 |
| Name | Title |
|---|---|
| David Hobbet | President (start Jan) |
| Molly Moon Neitzel | President, Board Member |
| Chris Hollis | Vice President (start Jan) |
| Amanda Thompkins | Board Member |
| Dawn Bushnaq | Board Member |
| Salina Gray | Board Member |
| Tracy Crowley | Board Member |
| Michele Wang | Board Member (start Mar) |
| Joelle Wheatley | Secretary |
| Kavery Podanolando | Treasurer (until Aug) |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Secur Prtnrshp Trust Intrsts | 1 | $49,777 | Fair Market Value (FMV) |
| Total Noncash Contributions | 1 | $49,777 | - |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $10,788 |
| Liability | Amount |
|---|---|
| Payroll Liabilities | $4,709 |
| Credit Card Liability | $22 |
“Prior to filing and after the director has met with the accountant, members meet with director to review form 990.”
“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.”
“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.”
“The organization makes available all governing documents, the conflict of interest policy, financial records, and form 990 upon request.”
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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|---|---|---|
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| IRS990/Desc | 0 | THE LEARNING TREE PROVIDES FULL-TIME CARE IN A HIGH-QUALITY MONTESSORI PRESCHOOL ENVIRONMENT. WE SERVE 45 CHILDREN YEAR-ROUND. WE PROVIDE SOCIAL-EMOTIONAL DEVELOPMENT AS WELL AS ACADEMICS TO THE CHILDREN. WE EDUCATE AND GIVE GUIDANCE TO THE FAMILIES OF THE CHILDREN WE SERVE. WE ACCEPT CHILDREN ON STATE AND CITY FUNDING. WE CURRENTLY HAVE 4 CHILDREN RECEIVING CITY FUNDING. THE LEARNING TREE IS SUPPORTED WITH OVER $43,000 IN CONTRIBUTIONS TO HELP FAMILIES AFFORD HIGH QUALITY CARE AND 700 VOLUNTEER HOURS. |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 80710 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 37426 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 37426 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | DAVID HOBBET |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -3579 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1265323 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1265323 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 290657 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 32362 |
| IRS990/PYOtherExpensesAmt | 0 | 266890 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1215500 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 324150 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 947479 |
| IRS990/PYTotalExpensesAmt | 0 | 1214369 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1538519 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 197737 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1265323 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 235643 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 498115 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 2068534 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 58724 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2127258 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 78905 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 78905 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 4709 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 22 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PAYROLL LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | CREDIT CARD LIABILITY |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2068534 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4731 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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/ExplanationTxt | 1 | THE 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/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleM/AnyPropertyThatMustBeHeldInd | 0 | 0 |
| IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd | 0 | 0 |
| IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt | 0 | 1 |
| IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt | 0 | FMV |
| IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd | 0 | X |
| IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt | 0 | 49777 |
| IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt | 0 | NUMBER OF CONTRIBUTIONS MADE |
| IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, COLUMN (B): |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PRIOR TO FILING AND AFTER THE DIRECTOR HAS MET WITH THE ACCOUNTANT, MEMBERS MEET WITH DIRECTOR TO REVIEW FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES AVAILABLE ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, FINANCIAL RECORDS, AND FORM 990 UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 2639324 |
| IRS990/TotalAssetsEOYAmt | 0 | 2846961 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2639324 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2846961 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 205426 |
| IRS990/TotalEmployeeCnt | 0 | 24 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 20657 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 374984 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 944265 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1339906 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1409563 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1404745 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1409563 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1404745 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1229761 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1442216 |
| IRS990/TotalOtherCompensationAmt | 0 | 2375 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 944265 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1265323 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 85687 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 66894 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1265323 |
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Displayed year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.