Lake Country School Montessori Learning Environments
- Assets
- $15.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 93
- Location
- Minneapolis, MN
- Founding
- 08/1976
- Data as of
- 06/2023
- EIN
- 41-1278205
Organization Overview
Lake Country School Montessori Learning Environments is located in Minneapolis, MN. The organization was established in 1976. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Lake Country School Montessori Learning Environments employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country School Montessori Learning Environments 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 06/2023, Lake Country School Montessori Learning Environments generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. While expenses have increased by 3.9% 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
A MONTESSORI LEARNING ENVIRONMENT THAT FOSTERS INDEPENDENCE, CRITICAL THINKING, AND CREATIVITY WITHIN EACH CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONS - LAKE COUNTRY SCHOOL - MONTESSORI LEARNING ENVIRONMENTS (THE ORGANIZATION") IS A MINNESOTA NON-PROFIT INDEPENDENT SCHOOL, FULLY ACCREDITED BY THE INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES (ISACS), AS WELL AS MEMBERS OF THE MINNESOTA ASSOCIATION OF INDEPENDENT SCHOOLS (MAIS), ASSOCIATION MONTESSORI INTERNATIONALE (AMI), AND THE MINNESOTA CHAPTER OF AMI-USA. LOCATED IN SOUTH MINNEAPOLIS, THE ORGANIZATION WAS INCORPORATED ON JULY 28, 1976 AND STRIVES TO BE THE EXEMPLER OF A MONTESSORI LEARNING EXPERIENCE FOR ITS 300+ STUDENTS, AGES 3-14 YEARS. IN ADDITION, THE ORGANIZATION OFFERS A SUMMER PROGRAM (AGES 3-6) AND A RURAL FARM CAMPUS (LAKE COUNTRY LAND SCHOOL) WITH PROGRAMMING AVAILABLE TO ALL OF ITS STUDENTS THROUGHOUT THE YEAR.
AUXILIARY ACTIVITIES - EXTENDED DAY PROGRAMS ARE BEFORE AND AFTER SCHOOL DAY CARE AND EXTRA-CURRICULAR ACTIVITIES SUCH AS AFTER SCHOOL CLUBS AND LAND SCHOOL OPERATIONS (RESIDENCIES AND CAMPS, SUMMER PROGRAMS FOR 3 TO 6 YEAR OLD STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Nathe Chair | OfficerTrustee | 5 | $0 |
Kate Thulin Vice-Chair | OfficerTrustee | 0.5 | $0 |
Chris Hewitt Treasurer | OfficerTrustee | 0.5 | $0 |
Kyra Schmitt Secretary | OfficerTrustee | 0.5 | $0 |
John Coskran Member | Trustee | 0.5 | $0 |
Rory Duggan Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,022 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,051 |
| Total Program Service Revenue | $5,397,095 |
| Investment income | $205,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$499 |
| Net Income from Fundraising Events | $34,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,065,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $577,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,446 |
| Compensation of current officers, directors, key employees. | $24,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,048,861 |
| Pension plan accruals and contributions | $117,909 |
| Other employee benefits | $380,960 |
| Payroll taxes | $224,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,652 |
| Fees for services: Accounting | $19,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,122 |
| Advertising and promotion | $3,235 |
| Office expenses | $147,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $449,824 |
| Travel | $9,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,289 |
| Interest | $132,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,909 |
| Insurance | $0 |
| All other expenses | $38,952 |
| Total functional expenses | $6,353,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,916 |
| Savings and temporary cash investments | $1,018,594 |
| Pledges and grants receivable | $334,110 |
| Accounts receivable, net | $27,068 |
| 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 | $111,492 |
| Net Land, buildings, and equipment | $9,035,849 |
| Investments—publicly traded securities | $4,674,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,896,280 |
| Accounts payable and accrued expenses | $112,204 |
| Grants payable | $0 |
| Deferred revenue | $167,487 |
| 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 | $3,854,219 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,133,910 |
| Net assets without donor restrictions | $10,188,144 |
| Net assets with donor restrictions | $1,574,226 |
| 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 | $15,896,280 |