Laurel Academy
- Assets
- $5.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 30
- Location
- Seattle, WA
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 38-3830684
Organization Overview
Laurel Academy, operating under the name Little Laurels Montessori Preschool Little Laurels Montessori Preschool, is located in Seattle, WA. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2021, Little Laurels Montessori Preschool Little Laurels Montessori Preschool employed 30 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Little Laurels Montessori Preschool Little Laurels Montessori Preschool 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 12/2021, Little Laurels Montessori Preschool Little Laurels Montessori Preschool generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 7 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 PRIVATE ELEMENTARY EDUCATION TO CHILDREN IN A SAFE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BELIEVE THAT ALL CHILDREN HAVE GREAT POTENITAL AND START OFF LIFE WITH GREAT INTEREST IN LEARNING, AND THAT DIFFICULTIES IN SCHOOL ARE PRIMARILY A RESULT OF A POOR OR FLAWED EDUCATIONAL APPROACH ANDMETHODS. IF CHILDREN HAVE A PURPOSE FOR THE SUBJECTS BEING LEARNED, ALONG WITH THE PROPER TOOLS FOR RECOGNIZING BARRIERS TO LEARNING AND HOW TO REMEDY THEM, THEY CAN BE MORE RESPONSIBLE FOR THEIR OWN LEARNING SITUATION AND MAINTAIN THEIR INTEREST IN THE SUBJECTS THEY WANT TO KNOW ABOUT. WE PROVIDE THIS EDUCATION FROM K-6TH GRADE IN ORGANIZED ACTIVITIES USING A FULL-YEAR CURRICULUM. DUE TO ITS LOCATION, CLOSE TO THE UNIVERSITY OF WASHINGTON AND OTHER INTERNATIONAL BUSINESSES, OUR SCHOOL ATTRACTS A DIVERSE POPULATION OF FAMILIES FROM ALL OVER THE WORLD. (CONTINUED ON SCHEDULE O) CURRENTLY SERVING 110 CHILDREN BETWEEN THE AGES OF 2 AND 12 YEARS IN 9 CLASSROOMS.OUR KINDER PREP PROGRAM IS SUCCESSFULLY BRIDGING CHILDREN UP FROM THE PRESCHOOL INTO THE ELEMENTARY, GIVING THEM SKILLS AND EXPERIENCE TO NAVIGATE IN AN ELEMENTARY SETTING, JUST AS OUR GRADUATING STUDENTS ARE ACHIEVING SUCCESS IN THEIR NEW MIDDLE SCHOOL ENVIRONMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Freng Executive Director | OfficerTrustee | 40 | $125,567 |
Tim Stoner Director & President | OfficerTrustee | 2 | $0 |
Shanis Windland Director & Treasurer | OfficerTrustee | 2 | $0 |
Shannon Burke Director & Secretary | OfficerTrustee | 2 | $0 |
Colleen Mitchel Director | Trustee | 2 | $0 |
Jay Windland Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,281 |
| Related organizations | $0 |
| Government grants | $139,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,072 |
| Total Program Service Revenue | $1,688,032 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,943,932 |
| 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. | $125,567 |
| Compensation of current officers, directors, key employees. | $6,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $758,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,812 |
| Payroll taxes | $72,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,799 |
| Advertising and promotion | $8,171 |
| Office expenses | $3,848 |
| Information technology | $6,997 |
| Royalties | $0 |
| Occupancy | $363,364 |
| Travel | $574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,718 |
| Payments to affiliates | $23,659 |
| Depreciation, depletion, and amortization | $130,731 |
| Insurance | $2,318 |
| All other expenses | $195 |
| Total functional expenses | $1,658,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,520 |
| Savings and temporary cash investments | $51,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,026,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,238 |
| Other assets | $0 |
| Total assets | $5,414,944 |
| Accounts payable and accrued expenses | $91,342 |
| 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 | $725,152 |
| Secured mortgages and notes payable | $367,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,183,884 |
| Net assets without donor restrictions | $0 |
| 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 | $4,231,060 |
| Total liabilities and net assets/fund balances | $5,414,944 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Laurel Academy has recieved totaling $25,800.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,780 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
St Marys Of Medford Inc Medford, OR | $29,778,861 | $10,667,764 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Eton School Foundation Bellevue, WA | $11,656,623 | $8,432,891 |
International School Portland, OR | $15,344,083 | $7,525,530 |