Mwla
- Assets
- $39.3m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 111
- Location
- Culver City, CA
- Founding
- 02/1971
- Data as of
- 06/2022
- EIN
- 95-2668485
Organization Overview
Mwla is located in Culver City, CA. The organization was established in 1971. 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, Mwla employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mwla 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, Mwla generated $15.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $13.9m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 4 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
EDUCATIONAL SERVICES FOR PRESCHOOL, PRE-K, ELEMENTARY AND MIDDLE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES - PRESCHOOL, PRE-K, ELEMENTARY, AND MIDDLE SCHOOL; APPROXIMATELY 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Friedman President | OfficerTrustee | 5 | $0 |
Sam Widdoes Vice President | OfficerTrustee | 3 | $0 |
Adena Smith Treasurer | OfficerTrustee | 3 | $0 |
Angela Mabon Secretary | OfficerTrustee | 3 | $0 |
Kobie Conner Trustee | Trustee | 1 | $0 |
Meisha Griffith Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joffe Emergency Services Security | 6/29/22 | $160,696 |
Lee's Maintenance Service Janitorial Services | 6/29/22 | $252,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,510 |
| Related organizations | $0 |
| Government grants | $1,136,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,351,403 |
| Noncash contributions included in lines 1a–1f | $11,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,576,770 |
| Total Program Service Revenue | $11,362,286 |
| Investment income | $504,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,875 |
| Net Gain/Loss on Asset Sales | $977,699 |
| Net Income from Fundraising Events | -$80,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,351,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,759,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $893,720 |
| Compensation of current officers, directors, key employees. | $362,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,220,554 |
| Pension plan accruals and contributions | $195,749 |
| Other employee benefits | $882,927 |
| Payroll taxes | $441,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,478 |
| Fees for services: Accounting | $49,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,781 |
| Fees for services: Other | $104,370 |
| Advertising and promotion | $14,290 |
| Office expenses | $192,822 |
| Information technology | $117,893 |
| Royalties | $0 |
| Occupancy | $1,150,361 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,101 |
| Interest | $756,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,152,610 |
| Insurance | $116,241 |
| All other expenses | $0 |
| Total functional expenses | $13,948,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,822,808 |
| 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 | $229,119 |
| Net Land, buildings, and equipment | $16,771,603 |
| Investments—publicly traded securities | $15,879,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,926 |
| Total assets | $39,267,100 |
| Accounts payable and accrued expenses | $540,020 |
| Grants payable | $0 |
| Deferred revenue | $5,572,612 |
| Tax-exempt bond liabilities | $12,784,279 |
| 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 | $5,047,769 |
| Total liabilities | $23,944,680 |
| Net assets without donor restrictions | $12,908,491 |
| Net assets with donor restrictions | $2,413,929 |
| 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 | $39,267,100 |