Totals
- Total revenue
- $1,923,420
- Total expenses
- $1,931,015
- Contributions and grants received
- $29,732
- Grants paid
- $0
- Program service revenue
- $1,897,612
- Investment income
- $147
- Other revenue
- -$4,071
- Total assets, end of year
- $5,075,255
- Total liabilities, end of year
- $919,938
- Net assets or fund balances, end of year
- $4,155,317
- Program services expenses (Part IX)
- $1,855,886
- Management and general expenses
- $68,640
- Fundraising expenses
- $6,489
- Program service expenses (Part III)
- $1,855,886
Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$10,107
-
1f · All other contributions, gifts and grants
$19,625
-
2a · Program service revenue: TUITION
total $1,638,102 · related or exempt $1,638,102
-
2b · Program service revenue: EXTENDED CARE
total $115,925 · related or exempt $115,925
-
2c · Program service revenue: SUMMER SALES
total $82,724 · related or exempt $82,724
-
2d · Program service revenue: SPECIAL PROGRAMS
total $31,693 · related or exempt $31,693
-
2e · Program service revenue: ENROLLMENT FEES
total $21,100 · related or exempt $21,100
-
2f · All other program service revenue
total $8,068 · related or exempt $8,068
-
3 · Investment income
total $147 · excluded $147
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$10,107
-
8b · Fundraising events: direct expenses
$4,071
-
8c · Net income from fundraising events
total -$4,071 · excluded -$4,071
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $130,110 · program services $101,486 · management and general $26,022 · fundraising $2,602
-
7 · Other salaries and wages
total $993,796 · program services $977,515 · management and general $14,751 · fundraising $1,530
-
9 · Other employee benefits
total $34,666 · program services $33,280 · management and general $1,258 · fundraising $128
-
10 · Payroll taxes
total $99,741 · program services $95,751 · management and general $3,621 · fundraising $369
-
11b · Fees: legal
total $6,473 · management and general $6,473
-
11c · Fees: accounting
total $3,752 · program services $3,552 · management and general $200
-
11g · Fees: other
total $13,330 · program services $13,330
-
12 · Advertising and promotion
total $6,546 · program services $6,299 · management and general $224 · fundraising $23
-
13 · Office expenses
total $32,924 · program services $32,507 · management and general $378 · fundraising $39
-
14 · Information technology
total $3,569 · program services $3,426 · management and general $130 · fundraising $13
-
16 · Occupancy
total $365,547 · program services $350,534 · management and general $13,390 · fundraising $1,623
-
17 · Travel
total $3,111 · program services $3,006 · management and general $95 · fundraising $10
-
20 · Interest
total $17,336 · program services $16,643 · management and general $629 · fundraising $64
-
21 · Payments to affiliates
total $25,181 · program services $25,181
-
22 · Depreciation, depletion and amortization
total $151,692 · program services $151,692
-
23 · Insurance
total $10,710 · program services $10,271 · management and general $392 · fundraising $47
-
24a · Other expenses: SCHOOL MATERIALS AND SU
total $17,182 · program services $17,182
-
24b · Other expenses: BANK FEES
total $10,999 · program services $10,559 · management and general $399 · fundraising $41
-
24c · Other expenses: TEACHER TRAINING
total $2,110 · program services $2,110
-
24d · Other expenses: AMORTIZATION
total $1,562 · program services $1,562
-
24e · All other expenses
total $678 · management and general $678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,172 · end of year $78,842
-
2 · Savings and temporary cash investments
beginning of year $114,369 · end of year $114,414
-
10a · Land, buildings and equipment: cost or other basis
$5,956,456
-
10b · Land, buildings and equipment: accumulated depreciation
$1,080,049
-
10c · Land, buildings and equipment, net
beginning of year $4,949,611 · end of year $4,876,407
-
14 · Intangible assets
beginning of year $7,154 · end of year $5,592
-
15 · Other assets
beginning of year $30,362 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $67,536 · end of year $27,291
-
19 · Deferred revenue
end of year $55,674
-
22 · Loans and payables to officers and key people
beginning of year $565,579 · end of year $491,973
-
23 · Secured mortgages and notes payable
beginning of year $372,641 · end of year $345,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,162,912 · end of year $4,155,317
Mission and programs · 2023
Mission
OUR MISSION IS TO EMPOWER YOUNG LEARNERS WITH THE TOOLS OF MONTESSORI EDUCATION, PROGRESSING TOWARD A MASTERY OF INDEPENDENT STUDY SKILLS WITH APPLIED SCHOLASTICS' STUDY TECHNOLOGY. WE AIM TO PRODUCE GRADUATES WHO STUDY FOR APPLICATION AND ARE EQUIPPED TO THRIVE IN ANY ENDEAVOR.
Activities or mission (Part I)
SEE SCHEDULE O
-
SINCE ITS FOUNDING IN 2011, LAUREL ACADEMY HAS GROWN FROM TWO TEACHERS AND STAFF IN A SINGLE CLASSROOM TO A TEAM OF 22 TEACHERS AND STAFF OPERATING 9 CLASSROOMS SPREAD ACROSS A 1.7 ACRE CAMPUS. THE SMALL GROUP OF STUDENTS AND FAMILIES WE SERVED AT OUR INCEPTION HAS BLOSSOMED INTO A COMMUNITY OF OVER 100 STUDENTS AND FAMILIES; WITH THOSE EARLIEST KINDERGARTENERS NOW EXCELLING IN ADVANCED PLACEMENT AND COLLEGE LEVEL COURSES AS THEY APPROACH HIGH SCHOOL GRADUATION. BUT LAUREL ACADEMY'S GROWTH IS MORE THAN JUST NUMBERS. THE QUALITY AND CONNECTION OF OUR SCHOOL COMMUNITY CONTINUES TO SHINE WITH SPECIAL EVENTS, FIELD TRIPS AND PERFORMANCES EACH SEMESTER. OUR PARENTS ARE ACTIVE AND ENGAGED WITH VOLUNTEER PROJECTS TO MAKE A STRONGER AND SAFER SCHOOL ENVIRONMENT. AND PERHAPS MORE IMPORTANTLY, THEY ARE SETTING THE EXAMPLE OF INVOLVEMENT AND PARTICIPATION WE WANT OUR STUDENTS TO CONTINUOUSLY OBSERVE. LAUREL ACADEMY IS A DYNAMIC AND THRIVING ORGANIZATION WITH ITS MISSION AND VALUES FRONT AND CENTER EVERY SCHOOL DAY.
Expenses $1,855,886 · Revenue $1,897,612
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeanne FrengJEANNE FRENG
EXECUTIVE DIRECTOR
- Total calculated
- $130,110
- From this org
- $130,110
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tim StonerTIM STONER
DIRECTOR & PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Shanis WindlandSHANIS WINDLAND
DIRECTOR & TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Shannon BurkeSHANNON BURKE
DIRECTOR & SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kelly KertchumKELLY KERTCHUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay WindlandJAY WINDLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422419349300227
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