Lake Area Discovery Center is located in White Bear Lake, MN. The organization was established in 2000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Lake Area Discovery Center employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Area Discovery Center 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, Lake Area Discovery Center generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 12.0% per year over the past 6 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
LAKE AREA DISCOVERY CENTER (LADC), AS PART OF THE EARLY CHILDHOOD COMMUNITY, SEEKS TO SUPPORT PARENTS AND CHILDREN THROUGH A CREATIVE ENVIRONMENT THAT PROMOTES AND TEACHES CHRISTIAN VALUES, HONORS DIVERSITY, AND FOSTERS FELLOWSHIP WITHIN THE GREATER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED FULL ENROLLMENT FOR THE PURPOSE OF PROVIDING INFANT CARE, PRE-KINDERGARTEN EDUCATION AND PROVIDING SCHOLARSHIPS TO FAMILIES WHO OTHERWISE WOULD NOT BE ABLE TO RECEIVE A PRE-KINDERGARTEN EDUCATION, AND OFFERED FAMILY NIGHTS 20 TIMES PER YEAR. APPROXIMATELY 800 STUDENTS WERE SERVED THROUGHOUT THE YEAR AT FIFTEEN LOCATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janet Miller Executive Director | Officer | 40 | $126,034 |
Paula Barber Business Administrator | Officer | 32 | $40,647 |
Bob Eiselt Finance Chair | OfficerTrustee | 5 | $0 |
Carrie Hackman Chair | OfficerTrustee | 5 | $0 |
Bonnie Jungels Director | Trustee | 2 | $0 |
Bruce Richards Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $62,808 |
Related organizations | $0 |
Government grants | $1,994,500 |
All other contributions, gifts, grants, and similar amounts not included above | $137,921 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,195,229 |
Total Program Service Revenue | $5,482,863 |
Investment income | $203 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$748 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,699,616 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $95,710 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $166,681 |
Compensation of current officers, directors, key employees. | $141,474 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,997,666 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $141,180 |
Payroll taxes | $303,634 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,725 |
Fees for services: Accounting | $57,577 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $59,956 |
Advertising and promotion | $20,370 |
Office expenses | $434,681 |
Information technology | $16,182 |
Royalties | $0 |
Occupancy | $541,250 |
Travel | $8,970 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,771 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $45,769 |
Insurance | $24,589 |
All other expenses | $5,411 |
Total functional expenses | $6,012,060 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,792,074 |
Savings and temporary cash investments | $699,558 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $26,335 |
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 | $329,214 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,847,181 |
Accounts payable and accrued expenses | $360,007 |
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 | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $668,950 |
Other liabilities | $0 |
Total liabilities | $1,028,957 |
Net assets without donor restrictions | $1,818,224 |
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 | $0 |
Total liabilities and net assets/fund balances | $2,847,181 |
Over the last fiscal year, we have identified 1 grants that Lake Area Discovery Center has recieved totaling $35,652.
Awarding Organization | Amount |
---|---|
Think Small Saint Paul, MN PURPOSE: SCHOLARSHIP | $35,652 |
Organization Name | Assets | Revenue |
---|---|---|
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Small Wonders Preschool And Childcare Center Inc Fargo, ND | $1,322,875 | $6,805,299 |
Lake Area Discovery Center White Bear Lake, MN | $2,847,181 | $7,699,616 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Lake Country School Montessori Learning Environments Minneapolis, MN | $16,072,245 | $6,022,305 |
Shiloh Christian School Bismarck, ND | $18,808,002 | $5,796,706 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Hand In Hand Christian Montessori Home School Academy Roseville, MN | $5,224,746 | $3,926,628 |
Family And Child Learning Centers Of Northeast Wisconsin Inc Rhinelander, WI | $765,130 | $4,152,383 |
Sheboygan Human Rights Association Inc Sheboygan, WI | $1,838,673 | $3,773,181 |
Eastbrook Academy Inc Milwaukee, WI | $1,804,684 | $4,079,649 |
Preschool Of The Arts Inc Madison, WI | $2,793,186 | $4,208,133 |