Laurelbrook Sanitarium And School Incorporated
- Assets
- $3.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 58
- Location
- Dayton, TN
- Founding
- 07/1961
- Data as of
- 05/2023
- EIN
- 62-6047435
Organization Overview
Laurelbrook Sanitarium And School Incorporated is located in Dayton, TN. The organization was established in 1961. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 05/2023, Laurelbrook Sanitarium And School Incorporated employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurelbrook Sanitarium And School Incorporated 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 05/2023, Laurelbrook Sanitarium And School Incorporated generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $5.2m during the year ending 05/2023. While expenses have increased by 2.3% per year over the past 7 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
VOCATIONAL HIGH SCHOOL TRAINING AND NURSING HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
50 BED NURSING HOME FOR STUDENT TRAINING AND VOCATIONAL HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Unha Kim Trustee | Trustee | 1 | $0 |
Keith Ferguson Trustee | Trustee | 40 | $12,561 |
Eva Lynn Disbro Trustee | Trustee | 2 | $0 |
Robert Zollinger Trustee | Trustee | 1 | $11,520 |
Ed Lucas Trustee | Trustee | 1 | $0 |
Wanda Starr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,426 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,426 |
| Total Program Service Revenue | $4,804,653 |
| Investment income | $4,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $82,275 |
| Net Rental Income | $50,766 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,054,147 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,636,883 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $90,225 |
| Other employee benefits | $0 |
| Payroll taxes | $36,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $521,736 |
| Advertising and promotion | $3,255 |
| Office expenses | $21,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,147 |
| Insurance | $311,702 |
| All other expenses | $1,373,937 |
| Total functional expenses | $5,193,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,706 |
| Inventories for sale or use | $25,726 |
| Prepaid expenses and deferred charges | $180,683 |
| Net Land, buildings, and equipment | $2,208,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,010 |
| Total assets | $3,302,786 |
| Accounts payable and accrued expenses | $371,094 |
| 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 | $581,982 |
| Other liabilities | $92,515 |
| Total liabilities | $1,045,591 |
| Net assets without donor restrictions | $2,257,195 |
| 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 | $3,302,786 |