Mount Olivet Lab School Inc
- Assets
- $31.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-3320672
Organization Overview
Mount Olivet Lab School Inc is located in Saint Paul, MN. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet Lab School Inc 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 12/2022, Mount Olivet Lab School Inc generated $62.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $79.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ACTIVITIES IN YEAR, 2022, INCLUDED INCREASED FEEDING ALL OF OUR CHILDREN PROGRAM PARTICIPANTS AND EACH OF THEIR RESPECTIVE FAMILIES, IN ADDITION, BECAUSE OF COVID-19 RELATED ISSUES IN OUR COMMUNITY, WE HAD TO KEEP THE AVAILABILITY OF FRESH FOODS, PRODUCE, MEATS, DAIRY, BABY FOODS AND FORMULA, ETC; IN ADDITION WE PROVIDED SOME DISTRIBUTION OF ESSENTIAL NEEDS; BABY DIAPERS, COVID-19 RELATED MASKS AND OTHER PPE, HOUSEHOLD CLEANING SUPPLIES, BODY CLEANING SUPPLIES, SOAP, ETC. IN ADDITION WE DISTRIBUTED FOODS SUCH AS FLOUR, SPICES, ETC. WE ALSO DISTRIBUTED ITEMS SUCH AS TOILET PAPER, PAPER PRODUCTS, ETC. WE DO NOT CHARGE ANYTHING FOR ANY OF THE ITEMS THAT WE DISTRIBUTE. APPROXIMATELY 15,202 INDIVIDUALS AND THEIR FAMILIES WERE SERVED FOOD AND SUPPLIED ESSENTIALS NEEDS AS WELL BY THE MT. OLIVET LAB SCHOOL, INC., IN YEAR, 2022. BECAUSE OF LESS FUNDING IN YEAR, 2022 (VS YEAR 2020), WE HAD TO REDUCE THE AMOUNT OF HOUSEHOLD PRODUCTS, PPE, AND ESSENTIAL NEEDS AS WELL, HENCE, EACH FAMILY RECEIVED A REDUCED QUANTITY OF THOSE ITEMS FROM US IN YEAR, 2022. ENRICHMENT CLASSES INCLUDING PERFORMING ARTS, INSTRUMENTAL MUSIC LESSONS, SPORTS INCLUDE FOOTBALL AND BASKETBALL WERE ALL LIMITED IN YEAR, 2022, DUE TO COVID-19 RESTRICTIONS AND PRUDENT DECISIONS. COMPUTER HARDWARE INSTRUCTIONS; ASSISTANCE WITH HOMEWORK; COMPUTER SOFTWARE INSTRUCTIONS; ONLINE TUTORIALS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Thomas President | 20 | $0 | |
Wilma Graves Director | 1 | $0 | |
Karissa Gibson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,917 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,336 |
| Professional fees and other payments to independent contractors | $6,569 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,066 |
| Total expenses | $78,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,187 |
| Other assets | $0 |
| Total assets | $31,187 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,187 |