Meredith-Dunn Learning Center Inc
- Assets
- $3.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 56
- Location
- Louisville, KY
- Founding
- 09/1974
- Data as of
- 05/2023
- EIN
- 23-7339248
Organization Overview
Meredith-Dunn Learning Center Inc is located in Louisville, KY. The organization was established in 1974. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 05/2023, Meredith-Dunn Learning Center Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meredith-Dunn Learning 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 05/2023, Meredith-Dunn Learning Center Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.6m during the year ending 05/2023. While expenses have increased by 1.0% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRESCRIPTIVE INSTRUCTION IN A NURTURING ENVIRONMENT DESIGNED TO EMPOWER STUDENTS WHO LEARN DIFFERENTLY IN BECOMING ACCOMPLISHED LEARNERS AND RESILIENT INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS SERVING CHILDREN IN GRADES 1 THROUGH 8
AFTER SCHOOL PROGRAM
STUDENT EVALUATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robin Johnstone Head Of School | 40 | $141,831 | |
Kyle Pierce Business Manager | 40 | $76,150 | |
Scott Sullivan Business Manager | 40 | $70,000 | |
William H Bennett Jr CPA Trustee | OfficerTrustee | 1 | $0 |
Tom Boblitt Trustee | Trustee | 1 | $0 |
Steve Deweese Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,354 |
| Total Program Service Revenue | $2,947,938 |
| Investment income | $1,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $276,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,722,790 |
| 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. | $287,981 |
| Compensation of current officers, directors, key employees. | $287,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,028,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $136,437 |
| Payroll taxes | $167,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,402 |
| Office expenses | $27,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,794 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,685 |
| Insurance | $58,736 |
| All other expenses | $115,548 |
| Total functional expenses | $3,638,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,424 |
| Savings and temporary cash investments | $523,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,449 |
| 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 | $14,361 |
| Net Land, buildings, and equipment | $3,044,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,887 |
| Other assets | $0 |
| Total assets | $3,893,231 |
| Accounts payable and accrued expenses | $27,103 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $271,753 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,928 |
| Total liabilities | $341,784 |
| Net assets without donor restrictions | $3,001,319 |
| Net assets with donor restrictions | $550,128 |
| 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 | $3,893,231 |