Civic Intelligence

Laser Childcare

990 • Fiscal year 2018 • EIN 91-1244816

Sep 01, 2017 to Aug 31, 2018 • Filed on Apr 24, 2019

3311 NE 60th StSeattle, WA 98115

(206) 525-9160

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

63rd percentile

8.6%

Higher net margin than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$85,113

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

5.1%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$869,273

Up $119,077 (+16%) from 2017

Net Assets

Up

$776,706

Up $115,750 (+18%) from 2017

Liabilities

Up

$92,567

Up $3,327 (+3.7%) from 2017

Revenue

Up

$1,345,580

Up $64,924 (+5.1%) from 2017

Expenses

Down

$1,229,830

Down $23,662 (-1.9%) from 2017

Net Income

Up

$115,750

Up $88,586 (+326%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $136,469Liabilities 2010: $4,225Net Assets 2010: $132,2442010Assets 2011: $150,860Liabilities 2011: $10,579Net Assets 2011: $140,2812011Assets 2012: $148,236Liabilities 2012: $4,083Net Assets 2012: $144,1532012Assets 2013: $221,955Liabilities 2013: $54,388Net Assets 2013: $167,5672013Assets 2014: $400,377Liabilities 2014: $70,022Net Assets 2014: $330,3552014Assets 2015: $552,132Liabilities 2015: $105,065Net Assets 2015: $447,0672015Assets 2016: $717,325Liabilities 2016: $83,534Net Assets 2016: $633,7912016Assets 2017: $750,196Liabilities 2017: $89,240Net Assets 2017: $660,9562017Assets 2018: $869,273Liabilities 2018: $92,567Net Assets 2018: $776,7062018Assets 2019: $853,010Liabilities 2019: $98,722Net Assets 2019: $754,2882019Assets 2020: $958,595Liabilities 2020: $340,523Net Assets 2020: $618,0722020Assets 2021: $1,113,772Liabilities 2021: $248,583Net Assets 2021: $865,1892021Assets 2022: $1,457,589Liabilities 2022: $141,114Net Assets 2022: $1,316,4752022Assets 2023: $1,670,473Liabilities 2023: $176,963Net Assets 2023: $1,493,5102023Assets 2024: $1,583,323Liabilities 2024: $201,817Net Assets 2024: $1,381,5062024

Highlighted filing

2018

Assets$869,273
Liabilities$92,567
Net Assets$776,706

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $554,9522010Revenue 2011: $580,042Expenses 2011: $572,005Net Income 2011: $8,0372011Expenses 2012: $659,1932012Expenses 2013: $705,5962013Revenue 2014: $1,462,687Expenses 2014: $1,299,899Net Income 2014: $162,7882014Revenue 2015: $1,453,834Expenses 2015: $1,337,122Net Income 2015: $116,7122015Revenue 2016: $1,565,710Expenses 2016: $1,378,986Net Income 2016: $186,7242016Revenue 2017: $1,280,656Expenses 2017: $1,253,492Net Income 2017: $27,1642017Revenue 2018: $1,345,580Expenses 2018: $1,229,830Net Income 2018: $115,7502018Revenue 2019: $1,403,303Expenses 2019: $1,425,721Net Income 2019: -$22,4182019Revenue 2020: $1,085,600Expenses 2020: $1,221,816Net Income 2020: -$136,2162020Revenue 2021: $1,164,569Expenses 2021: $917,452Net Income 2021: $247,1172021Revenue 2022: $1,680,359Expenses 2022: $1,229,073Net Income 2022: $451,2862022Revenue 2023: $2,057,821Expenses 2023: $1,880,786Net Income 2023: $177,0352023Revenue 2024: $2,197,209Expenses 2024: $2,309,213Net Income 2024: -$112,0042024

Highlighted filing

2018

Revenue$1,345,580
Expenses$1,229,830
Net Income$115,750
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Apr 24, 2019
Return Version
2017v2.3
Gross Receipts
$1,345,580
Mission and Program Overview

Mission

Provide supplemental before and after school as well as summer and school-break programs for school age children.

To provide a supplemental before and after school program for school age children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$504,331$504,687▲ $356
Cash and Non-Interest-Bearing Accounts$238,982$362,378▲ $123,396
Land, Buildings, and Equipment, Net$6,883$0▼ $6,883
Accounts Receivable-$2,208-
Total Assets$750,196$869,273▲ $119,077
Liabilities
Deferred Revenue$88,833$86,588▼ $2,245
Accounts Payable and Accrued Expenses$407$5,979▲ $5,572
Total Liabilities$89,240$92,567▲ $3,327
Net Assets / Fund Balance
Unrestricted Net Assets$653,956$769,706▲ $115,750
Temporarily Rstr Net Assets$7,000$7,000→ $0
Total Net Assets Fund Balance$660,956$776,706▲ $115,750
Total Liabilities and Net Assets / Fund Balance$750,196$869,273▲ $119,077

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$35,767$35,767
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ghandi ManaExecutive DirectorFT$77,087$8,026$85,113

Board Members and Trustees

NameTitle
Thomas DavePresident and Board Member
Barnes ChadVice President
Hamilton JamieVice President and President
Christensen GayleBoard Member
Field FrankBoard Member
Liviakis LeaBoard Member
Luboff LizaBoard Member
Vold AnneBoard Member
Falvy DeanBoard Member (thru 1/2018)
Keppler CourtneyBoard Member (thru 5/2018)
Kidwell Drake JenSecretary
Armstrong DanaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,475
Program Service Revenue
$1,343,750
Investment Income
$355
Other Revenue
$0
All Other Contributions
$1,475
Change in Net Assets
$115,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$867,681
Other Expenses$362,149
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$658,110--$658,110
Current Officers, Directors, Trustees, and Key Employees-$85,113-$85,113
Payroll Taxes$58,241$10,278-$68,519
Office Expenses$60,693--$60,693
Other Employee Benefits$51,188--$51,188
Occupancy$16,686$2,945-$19,631
Conferences and Meetings-$14,049-$14,049
Insurance$10,354$1,827-$12,181
Depreciation Depletion-$6,883-$6,883
Pension Plan Contributions$4,751--$4,751
Information Technology-$4,115-$4,115
Fees for Services Management-$2,979-$2,979
Other Expenses$2,811--$2,811
Travel-$1,387-$1,387
Fees for Services Accounting-$1,250-$1,250
Total Functional Expenses$1,099,004$130,826$0$1,229,830
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
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 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 B, Line 11B

A final draft of the 990 is reviewed by the executive director and the 990 is then reviewed by the board of directors which votes on final approval prior to filing with the irs.

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

Board discloses conflicts annually.

Form 990, Part VI, Section B, Line 15

Board evaluates and approves ed compensation based on comparable salaries for position using a salary survey.

Form 990, Part VI, Section C, Line 19

Conflict of interest forms are available upon request.

Filing and Contact Details

Filer

Filer Name
Laser Childcare
EIN
91-1244816
Phone
2065259160
Address
3311 NE 60TH ST, SEATTLE, WA 98115

Signing Officer

Name
Mana Ghandi
Title
Executive Director
Phone
2065259160
Signed
2019-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mana Ghandi
Formed
1998
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
53
Volunteers
0

Preparer

Firm
The Myers Associates Pc
Address
520 PIKE ST STE 1040, SEATTLE, WA 98101-2397
Preparer
Mark T Long CPA
Phone
2066236116
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01343750
IRS990/ProgSrvcAccomActy2Grp/Desc0LEAPS ENRICHMENT CLASSES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt087072
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt098851
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOOL-YEAR AND SUMMER DAY CAMP
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt082050
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0358817
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02169
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0350
IRS990/PYOtherExpensesAmt0324680
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01278137
IRS990/PYRevenuesLessExpensesAmt027164
IRS990/PYSalariesCompEmpBnftPaidAmt0928812
IRS990/PYTotalExpensesAmt01253492
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01280656
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0115750
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0886082
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0504331
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0504687
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01475
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02169
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05482
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0355
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0350
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0356
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0339
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01706
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01343750
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01278137
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01563516
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01453495
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01462381
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt07101279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0350
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0356
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0339
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01706
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt07106761
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01345225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01280306
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01565354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01453495
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01462381
IRS990ScheduleA/Total509Grp/TotalAmt07106761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01345580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01280656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01565710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01453834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01462687
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07108467
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035767
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035767
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FINAL DRAFT OF THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE 990 IS THEN REVIEWED BY THE BOARD OF DIRECTORS WHICH VOTES ON FINAL APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD DISCLOSES CONFLICTS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD EVALUATES AND APPROVES ED COMPENSATION BASED ON COMPARABLE SALARIES FOR POSITION USING A SALARY SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST FORMS ARE AVAILABLE 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/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0750196
IRS990/TotalAssetsEOYAmt0869273
IRS990/TotalAssetsGrp/BOYAmt0750196
IRS990/TotalAssetsGrp/EOYAmt0869273
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01475
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130826
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01099004
IRS990/TotalFunctionalExpensesGrp/TotalAmt01229830
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089240
IRS990/TotalLiabilitiesEOYAmt092567
IRS990/TotalLiabilitiesGrp/BOYAmt089240
IRS990/TotalLiabilitiesGrp/EOYAmt092567
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0660956
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0776706
IRS990/TotalOtherCompensationAmt08026
IRS990/TotalProgramServiceExpensesAmt01099004
IRS990/TotalProgramServiceRevenueAmt01343750
IRS990/TotalReportableCompFromOrgAmt077087
IRS990/TotalRevenueGrp/ExclusionAmt0355
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01343750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01345580
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0750196
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0869273
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01387
IRS990/TravelGrp/TotalAmt01387
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0653956
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0769706

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.20$1.38$2.20$2.31$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.18$1.49$2.06$1.88$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.14$1.32$1.68$1.23$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.25$0.87$1.16$0.92$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.34$0.62$1.09$1.22$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.10$0.75$1.40$1.43$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.09$0.78$1.35$1.23$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.09$0.66$1.28$1.25$0.03
2016Summary only. Only limited summary data is available for this year.$0.72$0.08$0.63$1.57$1.38$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.11$0.45$1.45$1.34$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.07$0.33$1.46$1.30$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.05$0.17$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.14$0.66
2011Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$0.58$0.57$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.13$0.55