Laurence School
- Assets
- $46.4m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Van Nuys, CA
- Founding
- 12/1967
- Data as of
- 06/2022
- EIN
- 95-2084858
Organization Overview
Laurence School is located in Van Nuys, CA. The organization was established in 1967. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Laurence School employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurence 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 06/2022, Laurence School generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $14.6m during the year ending 06/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAURENCE'S PURPOSE IS TO DEVELOP THE UNIQUE ABILITIES AND POTENTIAL OF EACH OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 21-22, LAURENCE PROVIDED QUALITY EDUCATION TO APPROXIMATELY 357 DAY STUDENTS IN KINDERGARTEN THROUGH GRADE 6.
DURING 21-22, LAURENCE PROVIDED SUMMER ACADEMIC, DRAMA, ART, ATHLETIC CLASSES AND PLAYGROUND ACTIVITES WITH AN AVERAGE ENROLLMENT OF 834 STUDENTS AND COUNSELOR-IN-TRAININGS PER WEEK.
DURING 21-22 LAURENCE PROVIDED AFTER SCHOOL ACADEMIC, DRAMA, ART ATHLETIC CLASSES AND PROGRAMS WITH AROUND 521 SESSION ENROLLMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lifrak Michael Chair | OfficerTrustee | 10 | $0 |
Bowen Julie Secretary | OfficerTrustee | 2 | $0 |
Blumenthal Jake Treasurer | OfficerTrustee | 2 | $0 |
Barnum Terry Trustee | Trustee | 2 | $0 |
Frank Bill Trustee | Trustee | 2 | $0 |
Galstian Alvin Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landscape Structures Playground Equipment | 6/29/22 | $598,413 |
Dark Ops Investigations & Consulting Inc Security Services | 6/29/22 | $515,524 |
Tumbleweed Transportation School Bus Services | 6/29/22 | $440,397 |
Jgc Inc Campus Improvements And Misc. Summer Pro | 6/29/22 | $247,955 |
Pacific Platinum Services Janitorial Services | 6/29/22 | $138,071 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,914,847 |
| Noncash contributions included in lines 1a–1f | $301,081 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,934,347 |
| Total Program Service Revenue | $13,392,738 |
| Investment income | $212,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$156,728 |
| Net Gain/Loss on Asset Sales | $714,685 |
| Net Income from Fundraising Events | $359,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$25,576 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,479,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $873,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $759,324 |
| Compensation of current officers, directors, key employees. | $680,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,543,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $818,180 |
| Payroll taxes | $517,989 |
| Fees for services: Management | $252,585 |
| Fees for services: Legal | $701 |
| Fees for services: Accounting | $31,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,999 |
| Fees for services: Other | $481,183 |
| Advertising and promotion | $1,959 |
| Office expenses | $254,936 |
| Information technology | $153,230 |
| Royalties | $0 |
| Occupancy | $1,307,895 |
| Travel | $73,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,556 |
| Interest | $297,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $964,458 |
| Insurance | $0 |
| All other expenses | $448,060 |
| Total functional expenses | $14,623,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,340,190 |
| Savings and temporary cash investments | $1,349,451 |
| Pledges and grants receivable | $549,174 |
| Accounts receivable, net | $145,711 |
| 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 | $245,792 |
| Net Land, buildings, and equipment | $26,947,059 |
| Investments—publicly traded securities | $12,864,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,442,312 |
| Accounts payable and accrued expenses | $799,748 |
| Grants payable | $0 |
| Deferred revenue | $2,473,422 |
| Tax-exempt bond liabilities | $10,117,978 |
| 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 | $467,931 |
| Total liabilities | $13,859,079 |
| Net assets without donor restrictions | $30,385,253 |
| Net assets with donor restrictions | $2,197,980 |
| 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 | $46,442,312 |