Laser Childcare
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 92
- Location
- Seattle, WA
- Founding
- 08/1984
- Data as of
- 08/2023
- EIN
- 91-1244816
Organization Overview
Laser Childcare is located in Seattle, WA. The organization was established in 1984. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2023, Laser Childcare employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laser Childcare 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 08/2023, Laser Childcare generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. While expenses have increased by 6.0% 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 A SUPPLEMENTAL BEFORE AND AFTER SCHOOL PROGRAM FOR SCHOOL AGE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MULTI-DISCIPLINARY PROGRAM FOR SCHOOL AGE CHILDREN (K-6TH GRADE) AFTER REGULAR SCHOOL HOURS TO ADD TO AND SUPPLEMENT BASIC CURRICULUM.
SCHOOL-YEAR AND SUMMER DAY CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gunderson Ash President (sept-Dec) | OfficerTrustee | 2 | $0 |
Waltar Bruce President (jan-Aug) VP (sept-Dec) | OfficerTrustee | 2 | $0 |
Elleman Rob Vice President (jan-Aug) | OfficerTrustee | 2 | $0 |
Cullen Kate Treasurer | OfficerTrustee | 2 | $0 |
Krows Matt Board Member | Trustee | 2 | $0 |
Gilkerson Damon Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,724 |
| Total Program Service Revenue | $1,578,968 |
| Investment income | $129 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,057,821 |
| 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. | $110,726 |
| Compensation of current officers, directors, key employees. | $110,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,037,225 |
| Pension plan accruals and contributions | $8,231 |
| Other employee benefits | $59,325 |
| Payroll taxes | $120,194 |
| Fees for services: Management | $47,307 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,304 |
| Advertising and promotion | $0 |
| Office expenses | $68,593 |
| Information technology | $2,240 |
| Royalties | $0 |
| Occupancy | $45,031 |
| Travel | $671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,307 |
| Insurance | $15,116 |
| All other expenses | $0 |
| Total functional expenses | $1,880,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,276 |
| Savings and temporary cash investments | $1,203,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,966 |
| 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 | $5,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,670,473 |
| Accounts payable and accrued expenses | $31,077 |
| Grants payable | $0 |
| Deferred revenue | $145,886 |
| 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 | $0 |
| Total liabilities | $176,963 |
| Net assets without donor restrictions | $1,486,510 |
| Net assets with donor restrictions | $7,000 |
| 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 | $1,670,473 |