Discovery Woods
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Brainerd, MN
- Founding
- 08/2010
- Data as of
- 06/2023
- EIN
- 80-0245524
Organization Overview
Discovery Woods is located in Brainerd, MN. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Discovery Woods employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Woods 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, Discovery Woods generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 1.1% 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
TO PROVIDE BRAINERD LAKES AREA FAMILIES A CHOICE FOR HIGH QUALITY ELEMENTARY EDUCATION CENTERED AROUND THE INDIVIDUAL NEEDS OF THE CHILD WITH A FOCUS ON THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A MONTESSORI CONCEPT PUBLIC ELEMENTARY SCHOOL FOR STUDENTS IN THE BRAINERD, MN AREA. THE SCHOOL SERVED 99 STUDENTS IN GRADES KINDERGARTEN THROUGH SIXTH IN THE FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Crocker Executive Director | OfficerTrustee | 40 | $70,256 |
Kara Devriendt Member | Trustee | 40 | $43,698 |
Lisa Laasch Member | Trustee | 40 | $21,756 |
Dawn Verdon Chairperson | OfficerTrustee | 0.5 | $0 |
Emma Needham Vice Chair | OfficerTrustee | 0.5 | $0 |
Amanda Westlund Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,446,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,490,231 |
| Total Program Service Revenue | $205,266 |
| Investment income | $4,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,632 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,702,650 |
| 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. | $168,126 |
| Compensation of current officers, directors, key employees. | $81,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,176 |
| Pension plan accruals and contributions | -$95,553 |
| Other employee benefits | $20,525 |
| Payroll taxes | $61,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,750 |
| Advertising and promotion | $0 |
| Office expenses | $17,844 |
| Information technology | $58,122 |
| Royalties | $0 |
| Occupancy | $41,932 |
| Travel | $8,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,079 |
| Insurance | $12,768 |
| All other expenses | $30,490 |
| Total functional expenses | $1,469,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $812,510 |
| Pledges and grants receivable | $301,883 |
| Accounts receivable, net | $15,102 |
| 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 | $77,075 |
| Net Land, buildings, and equipment | $712,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,692 |
| Total assets | $2,230,789 |
| Accounts payable and accrued expenses | $96,459 |
| 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 | $0 |
| Other liabilities | $1,706,591 |
| Total liabilities | $1,803,050 |
| Net assets without donor restrictions | $0 |
| 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 | $214,185 |
| Retained earnings, endowment, accumulated income, or other funds | $213,554 |
| Total liabilities and net assets/fund balances | $2,230,789 |