Form 990 for tax year 2022
Filed by MORNINGSTAR LEARNING CENTER INC.
Totals
- Total revenue
- $2,069,964
- Total expenses
- $1,388,223
- Contributions and grants received
- $1,403,195
- Grants paid
- $0
- Program service revenue
- $570,722
- Investment income
- $1,699
- Other revenue
- $94,348
- Total assets, end of year
- $1,957,011
- Total liabilities, end of year
- $181,208
- Net assets or fund balances, end of year
- $1,775,803
- Program services expenses (Part IX)
- $1,288,521
- Management and general expenses
- $60,136
- Fundraising expenses
- $39,566
- Program service expenses (Part III)
- $1,288,521
Program services were 92.8% 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.
-
1e · Government grants (contributions)
$490,667
-
1f · All other contributions, gifts and grants
$912,528
-
2a · Program service revenue: Pre-school revenue
total $570,722 · related or exempt $570,722
-
3 · Investment income
total $1,699 · related or exempt $1,699
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$92,565
-
8c · Net income from fundraising events
total $92,565 · excluded $92,565
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,783 · related or exempt $1,783
-
11e · Other revenue, total
$1,783
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $895,107 · program services $895,107
-
8 · Pension plan contributions
total $15,759 · program services $15,759
-
9 · Other employee benefits
total $62,088 · program services $62,088
-
10 · Payroll taxes
total $73,374 · program services $73,374
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $9,609 · program services $8,711 · management and general $898
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $37,323 · program services $36,789 · management and general $534
-
12 · Advertising and promotion
total $1,060 · program services $1,060
-
13 · Office expenses
total $8,157 · program services $8,157
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $36,967 · program services $36,967
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $9,826 · program services $9,826
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $16,246 · program services $16,246
-
23 · Insurance
total $16,488 · program services $16,488
-
24a · Other expenses: Supplies
total $63,599 · program services $63,599
-
24b · Other expenses: Campus Expansion
total $55,274 · management and general $55,274
-
24c · Other expenses: Fundraising Expenses
total $39,566 · fundraising $39,566
-
24d · Other expenses: Contract Labor
total $24,227 · program services $24,227
-
24e · All other expenses
total $23,553 · program services $20,123 · management and general $3,430
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $559,589 · end of year $732,917
-
2 · Savings and temporary cash investments
beginning of year $27,853 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$874,708
-
10b · Land, buildings and equipment: accumulated depreciation
$172,190
-
10c · Land, buildings and equipment, net
beginning of year $718,764 · end of year $702,518
-
11 · Investments: publicly traded securities
end of year $499,526
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,500 · end of year $22,050
-
19 · Deferred revenue
beginning of year $24,129
-
23 · Secured mortgages and notes payable
beginning of year $176,125 · end of year $164,639
-
25 · Other liabilities
beginning of year $19,177 · end of year $16,569
-
27 · Net assets without donor restrictions
beginning of year $1,089,275 · end of year $1,775,803
Mission and programs · 2022
Mission
Morningstar Learning Center's mission is to develop and connect Big Sky's young children and families by providing reliable childcare, quality early education, and supportive resources from planning through parenthood.
Activities or mission (Part I)
Morningstar Learning Center's most significant activity is providing excellent early childhood education for the young children of Big Sky. By doing so, we provide reliable childcare to their families and support our community's workforce.
-
Morningstar Learning Center is the only state-licensed provider of early childhood education in Big Sky. Birth through five are the most critical years for brain development throughout our entire lives, and Morningstar Learning Center helps students set a strong foundation with excellent programming centered on Creative Curriculum. Morningstar Learning Center invests in students by investing in teachers, providing continuing education, benefits, and housing opportunities, as well as working on better wages. Morningstar Learning Center provides need-based tuition assistance to remain affordable for working families. We have an unwavering commitment to make excellent early childhood education what every community needs to thrive, yet few are able to achieve accessible for all Big Sky families.
Expenses $1,288,521 · Revenue $570,722
As filed on the 2022 return.
Listed in Part VII
-
Alanah Griffith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Kissell
President
- Total calculated
- $0
- Hours/week
- 1
-
Maren Dunn
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Chris Oliver
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Marie Goode
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Wes Hoecker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jodi Daily
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ben Holst
Director
- Total calculated
- $0
- Hours/week
- 1
-
Allie Poalino
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441309349305254
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