Leelanau School For Education
- Assets
- $4.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Glen Arbor, MI
- Founding
- 03/1950
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Leelanau School For Education generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. 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
2022
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 39 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 |
|---|---|---|---|
Dr Mary Beth Hardwicke Chair | OfficerTrustee | 5 | $0 |
Joan Conway Vice Chair | OfficerTrustee | 3 | $0 |
Norm Wheeler Treasurer | OfficerTrustee | 3 | $0 |
Gretchen Knoblock Secretary | OfficerTrustee | 3 | $0 |
Bill Winslow Trustee | Trustee | 3 | $0 |
Hans Schuler Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $858,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,199 |
| Noncash contributions included in lines 1a–1f | $181,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,688,438 |
| Total Program Service Revenue | $2,437,947 |
| Investment income | $27,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,222,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $361,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $299,054 |
| Compensation of current officers, directors, key employees. | $176,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,307,669 |
| Pension plan accruals and contributions | $10,956 |
| Other employee benefits | $204,042 |
| Payroll taxes | $106,531 |
| Fees for services: Management | $6,712 |
| Fees for services: Legal | $2,026 |
| Fees for services: Accounting | $5,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,683 |
| Office expenses | $11,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,738 |
| Travel | $244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,203 |
| Insurance | $54,571 |
| All other expenses | $91,883 |
| Total functional expenses | $3,083,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,039 |
| Savings and temporary cash investments | $889,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,463 |
| Prepaid expenses and deferred charges | $5,263 |
| Net Land, buildings, and equipment | $1,250,181 |
| Investments—publicly traded securities | $1,147,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,355 |
| Total assets | $4,586,494 |
| Accounts payable and accrued expenses | $120,312 |
| Grants payable | $0 |
| Deferred revenue | $320,154 |
| 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 | $1,307,101 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $2,247,567 |
| Net assets without donor restrictions | $527,528 |
| Net assets with donor restrictions | $1,811,399 |
| 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 | $4,586,494 |