Laurel Academy
- Assets
- $5.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 34
- Location
- Seattle, WA
- Founding
- 10/1993
- Data as of
- 12/2023
- 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 12/2023, Little Laurels Montessori Preschool Little Laurels Montessori Preschool employed 34 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 12/2023, Little Laurels Montessori Preschool Little Laurels Montessori Preschool generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 8 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FOUNDING IN 2011, LAUREL ACADEMY HAS GROWN FROM TWO TEACHERS AND STAFF IN A SINGLE CLASSROOM TO A TEAM OF 22 TEACHERS AND STAFF OPERATING 9 CLASSROOMS SPREAD ACROSS A 1.7 ACRE CAMPUS. THE SMALL GROUP OF STUDENTS AND FAMILIES WE SERVED AT OUR INCEPTION HAS BLOSSOMED INTO A COMMUNITY OF OVER 100 STUDENTS AND FAMILIES; WITH THOSE EARLIEST KINDERGARTENERS NOW EXCELLING IN ADVANCED PLACEMENT AND COLLEGE LEVEL COURSES AS THEY APPROACH HIGH SCHOOL GRADUATION. BUT LAUREL ACADEMY'S GROWTH IS MORE THAN JUST NUMBERS. THE QUALITY AND CONNECTION OF OUR SCHOOL COMMUNITY CONTINUES TO SHINE WITH SPECIAL EVENTS, FIELD TRIPS AND PERFORMANCES EACH SEMESTER. OUR PARENTS ARE ACTIVE AND ENGAGED WITH VOLUNTEER PROJECTS TO MAKE A STRONGER AND SAFER SCHOOL ENVIRONMENT. AND PERHAPS MORE IMPORTANTLY, THEY ARE SETTING THE EXAMPLE OF INVOLVEMENT AND PARTICIPATION WE WANT OUR STUDENTS TO CONTINUOUSLY OBSERVE. LAUREL ACADEMY IS A DYNAMIC AND THRIVING ORGANIZATION WITH ITS MISSION AND VALUES FRONT AND CENTER EVERY SCHOOL DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Freng Executive Director | OfficerTrustee | 40 | $130,110 |
Tim Stoner Director & President | OfficerTrustee | 2 | $0 |
Shanis Windland Director & Treasurer | OfficerTrustee | 2 | $0 |
Shannon Burke Director & Secretary | OfficerTrustee | 2 | $0 |
Kelly Kertchum Director | Trustee | 2 | $0 |
Jay Windland Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,107 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,732 |
| Total Program Service Revenue | $1,897,612 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,923,420 |
| 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. | $130,110 |
| Compensation of current officers, directors, key employees. | $26,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $993,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,666 |
| Payroll taxes | $99,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,473 |
| Fees for services: Accounting | $3,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,330 |
| Advertising and promotion | $6,546 |
| Office expenses | $32,924 |
| Information technology | $3,569 |
| Royalties | $0 |
| Occupancy | $365,547 |
| Travel | $3,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,336 |
| Payments to affiliates | $25,181 |
| Depreciation, depletion, and amortization | $151,692 |
| Insurance | $10,710 |
| All other expenses | $678 |
| Total functional expenses | $1,931,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,842 |
| Savings and temporary cash investments | $114,414 |
| 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 | $4,876,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,592 |
| Other assets | $0 |
| Total assets | $5,075,255 |
| Accounts payable and accrued expenses | $27,291 |
| Grants payable | $0 |
| Deferred revenue | $55,674 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $491,973 |
| Secured mortgages and notes payable | $345,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $919,938 |
| 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 | $4,155,317 |
| Total liabilities and net assets/fund balances | $5,075,255 |