Leelanau School For Education
- Assets
- $3.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 53
- Location
- Glen Arbor, MI
- Founding
- 03/1950
- Data as of
- 06/2021
- EIN
- 38-6061392
Organization Overview
Leelanau School For Education is located in Glen Arbor, MI. The organization was established in 1950. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Leelanau School For Education employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leelanau School For Education 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 06/2021, Leelanau School For Education generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LEELANAU SCHOOL IGNITES A PASSION FOR LEARNING IN A BOARDING SCHOOL WHERE STUDENTS THRIVE BY ENGAGING ACADEMICALLY AND BY CELEBRATING EVERYONE'S UNIQUE LEARNING STYLES IN A CULTURE OF ACCEPTANCE, LEADING TO SUCCESSFULL AND MEANINGFUL LIVES IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
SCHOOL AND SUMMER ENRICHMENT PROGRAMS, COLLEGE PREPARATORY FOR HIGH SCHOOL AND CONTINUING EDUCATION. GRADUATION RATE OF 100% WITH 100% ACCEPTANCE RATE INTO HIGHER EDUCATION PROGRAMS. SERVING APPROXIMATELY 40 STUDENTS.
ENRICHMENT FEES ARE FOR USE OF THE SCHOOL'S FACILITIES FOR SPORTS CAMPS AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hansen Headmaster/president | Officer | 40 | $120,000 |
Virginia Deisler CFO | Officer | 40 | $100,000 |
Bruce Hood Staff Representative, Trustee | Trustee | 40 | $42,104 |
Carolyn Helmlinger Chair | OfficerTrustee | 5 | $0 |
John Hyatt Vice Chair | OfficerTrustee | 3 | $0 |
Mary Beth Hardwick Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $360,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,827 |
| Noncash contributions included in lines 1a–1f | $86,326 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $884,727 |
| Total Program Service Revenue | $2,008,390 |
| Investment income | $23,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,969,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $408,418 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,245 |
| Compensation of current officers, directors, key employees. | $166,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,356,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $215,797 |
| Payroll taxes | $115,518 |
| Fees for services: Management | $5,684 |
| Fees for services: Legal | $2,258 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,217 |
| Office expenses | $10,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,520 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,230 |
| Insurance | $55,058 |
| All other expenses | $64,381 |
| Total functional expenses | $3,018,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,469 |
| Savings and temporary cash investments | $565,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,867 |
| Prepaid expenses and deferred charges | $2,041 |
| Net Land, buildings, and equipment | $1,276,734 |
| Investments—publicly traded securities | $1,385,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,655 |
| Total assets | $3,732,229 |
| Accounts payable and accrued expenses | $127,002 |
| Grants payable | $0 |
| Deferred revenue | $370,001 |
| 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 | $1,339,403 |
| Unsecured mortgages and notes payable | $489,325 |
| Other liabilities | $0 |
| Total liabilities | $2,325,731 |
| Net assets without donor restrictions | -$14,395 |
| Net assets with donor restrictions | $1,420,893 |
| 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 | $3,732,229 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Leelanau School For Education has recieved totaling $30,400.
| Awarding Organization | Amount |
|---|---|
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: EDUCATION | $20,000 |
Charlevoix County Community Foundation East Jordan, MI PURPOSE: General operations | $10,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Endowment Analysis
| Beg. Balance | $1,182,065 |
| Earnings | $245,282 |
| Admin Expense | $6,454 |
| Ending Balance | $1,420,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |
Ohio Council Of Community Schools Toledo, OH | $7,079,568 | $6,241,775 |
Crayons To Classrooms Dayton, OH | $3,417,764 | $4,091,018 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |