Laguna Blanca School
- Assets
- $39.3m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 264
- Location
- Santa Barbara, CA
- Founding
- 05/1941
- Data as of
- 06/2023
- EIN
- 95-1641448
Organization Overview
Laguna Blanca School is located in Santa Barbara, CA. The organization was established in 1941. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Laguna Blanca School employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Blanca School 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, Laguna Blanca School generated $20.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $17.9m during the year ending 06/2023. While expenses have increased by 4.7% 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
MAINTAIN A KINDERGARTEN, PRIMARY, SECONDARY, AND COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A KINDERGARTEN, PRIMARY, SECONDARY, AND COLLEGE PREPARATORY SCHOOL FOR BOYS AND GIRLS, AND TO INSTRUCT, DISCIPLINE, TRAIN, AND EDUCATE IN ALL STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Behrman Chair | OfficerTrustee | 2 | $0 |
Ron Berg Trustee | Trustee | 2 | $0 |
David Bradley Treasurer | OfficerTrustee | 2 | $0 |
Steve Couvillion Trustee | Trustee | 2 | $0 |
Billie Fitzpatrick Trustee | Trustee | 2 | $0 |
Shelly Gable Nayak Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,312,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,321,389 |
| Noncash contributions included in lines 1a–1f | $65,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,633,822 |
| Total Program Service Revenue | $16,863,220 |
| Investment income | $430,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$354,255 |
| Net Income from Fundraising Events | $210,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,818,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,092,193 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $442,044 |
| Compensation of current officers, directors, key employees. | $124,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,777,466 |
| Pension plan accruals and contributions | $435,267 |
| Other employee benefits | $814,280 |
| Payroll taxes | $635,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,458 |
| Fees for services: Accounting | $80,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $522,413 |
| Advertising and promotion | $112,547 |
| Office expenses | $770,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,009,761 |
| Travel | $17,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,358 |
| Interest | $187,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,086,606 |
| Insurance | $90,402 |
| All other expenses | $1,500 |
| Total functional expenses | $17,935,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,000,518 |
| Savings and temporary cash investments | $5,189,782 |
| Pledges and grants receivable | $627,193 |
| Accounts receivable, net | $168,744 |
| 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 | $404,864 |
| Net Land, buildings, and equipment | $18,015,194 |
| Investments—publicly traded securities | $10,506,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,452 |
| Total assets | $39,284,892 |
| Accounts payable and accrued expenses | $1,238,492 |
| Grants payable | $0 |
| Deferred revenue | $9,689,543 |
| 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 | $5,423,684 |
| Other liabilities | $76,702 |
| Total liabilities | $16,428,421 |
| Net assets without donor restrictions | $14,903,585 |
| Net assets with donor restrictions | $7,952,886 |
| 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 | $39,284,892 |