Laurel Education Center Inc
- Assets
- $939.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 49
- Location
- Brewster, MA
- Founding
- 03/1994
- Data as of
- 08/2021
- EIN
- 04-3206542
Organization Overview
Laurel Education Center Inc is located in Brewster, MA. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Laurel Education Center Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Education Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Laurel Education Center Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $960.6k during the year ending 08/2021. While expenses have increased by 7.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A LEARNING CENTER FOR CHILDREN PRE-SCHOOL THROUGH SIXTH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CO-EDUCATIONAL LEARNING CENTER FOR CHILDREN THAT RANGE FROM PRE-SCHOOL THROUGH THE FIFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Piebes President | OfficerTrustee | 5 | $0 |
Rosamond Cabral Treasurer | OfficerTrustee | 1 | $0 |
Joan Greene Trustee | OfficerTrustee | 1 | $0 |
Sarah Smith Trustee | Trustee | 1 | $0 |
Adam Sloane Treasurer | Trustee | 1 | $0 |
Sherri Baker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,353 |
| Total Program Service Revenue | $1,098,227 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,136,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $675,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,709 |
| Payroll taxes | $59,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,043 |
| Office expenses | $5,142 |
| Information technology | $361 |
| Royalties | $0 |
| Occupancy | $72,589 |
| Travel | $616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,354 |
| Insurance | $22,705 |
| All other expenses | $12,871 |
| Total functional expenses | $960,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,240 |
| Savings and temporary cash investments | $211,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,147 |
| Net Land, buildings, and equipment | $434,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,112 |
| Accounts payable and accrued expenses | $9,693 |
| Grants payable | $0 |
| Deferred revenue | $251,427 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $250,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,196 |
| Total liabilities | $523,706 |
| Net assets without donor restrictions | $415,406 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $939,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laurel Education Center Inc has recieved totaling $292.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $292 |
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