Meredith-Dunn Learning Center Inc
- Assets
- $4.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 64
- Location
- Louisville, KY
- Founding
- 09/1974
- Data as of
- 07/2020
- EIN
- 23-7339248
Organization Overview
Meredith-Dunn Learning Center Inc is located in Louisville, KY. The organization was established in 1974. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 07/2020, Meredith-Dunn Learning Center Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meredith-Dunn Learning Center 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 07/2020, Meredith-Dunn Learning Center Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.5m during the year ending 07/2020. While expenses have increased by 3.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRESCRIPTIVE INSTRUCTION IN A NURTURING ENVIRONMENT DESIGNED TO EMPOWER STUDENTS WHO LEARN DIFFERENTLY IN BECOMING ACCOMPLISHED LEARNERS AND RESILIENT INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS SERVING CHILDREN IN GRADES 1 THROUGH 8.
AFTER SCHOOL PROGRAM.
STUDENT EVALUATIONS.
SCHOOL PROGRAMS SERVING CHILDREN IN GRADES 1 THROUGH 8.
AFTER SCHOOL PROGRAM.
STUDENT EVALUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Beam Head Of School | Officer | 40 | $111,315 |
Dr Robin Johnstone Head Of School | 40 | $6,750 | |
William H Bennett Jr Treasurer | OfficerTrustee | 1 | $0 |
Bill Simpson Chairman | OfficerTrustee | 1 | $0 |
Shawn R Freibert Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Rogers Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,831 |
| Investment income | $818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205,431 |
| Net Income from Fundraising Events | $236,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,584,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,244,684 |
| Pension plan accruals and contributions | $66,490 |
| Other employee benefits | $85,928 |
| Payroll taxes | $174,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,061 |
| Advertising and promotion | $4,908 |
| Office expenses | $19,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,955 |
| Insurance | $65,441 |
| All other expenses | $0 |
| Total functional expenses | $3,536,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,717 |
| Savings and temporary cash investments | $854,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,176 |
| 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 | $123,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,993 |
| Other assets | $0 |
| Total assets | $4,614,484 |
| Accounts payable and accrued expenses | $44,767 |
| Grants payable | $0 |
| Deferred revenue | $335,762 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $379,732 |
| Unsecured mortgages and notes payable | $528,200 |
| Other liabilities | $48,655 |
| Total liabilities | $1,337,116 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,277,368 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Meredith-Dunn Learning Center Inc has recieved totaling $25,548.
| Awarding Organization | Amount |
|---|---|
Whas Crusade For Children Inc Louisville, KY PURPOSE: $20,000 FOR ANY ITEM ON GRANT LIST - STEP UP TO WRITING CLASSROOM KIT FOR GRADES 3-5, GRADES 6-8 AND K-2 AND 50 CHROMEBOOKS. NO AWARD FOR SHIPPING AND HANDLING OR LICENSE FEES (NOT TO EXCEED AMOUNTS REQUESTED FOR EACH LINE ITEM.) | $20,000 |
The Samuel Lyon Charitable Foundation Inc Louisville, KY PURPOSE: SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lorain County Alcohol And Drug Abuse Services Inc Lorain, OH | $9,389,055 | $9,939,919 |
Childrens Autism Centerincorporated Fort Wayne, IN | $8,774,831 | $9,960,141 |
Central East Alcoholism & Drug Council Charleston, IL | $3,025,211 | $6,812,078 |
Northern Ohio Handicapped Fund Burton, OH | $172,519 | $6,181,567 |
Meredith-Dunn Learning Center Inc Louisville, KY | $4,614,484 | $3,584,903 |
Burns And Mcdonnell Foundation Kansas City, MO | $20,833,020 | $825,239 |
Stuttering Foundation Of America Memphis, TN | $42,100,129 | $1,981,007 |
T-1 Today Inc West Chester, OH | $2,354,893 | $2,324,834 |
Hispanic Urban Minority Alcoholism And Drug Abuse Outreach Program Cleveland, OH | $447,343 | $1,570,826 |
Digestive Health Foundation Chicago, IL | $9,007,298 | $1,193,686 |
The Latino Alzheimers And Memory Disorders Alliance Cicero, IL | $52,784 | $1,079,931 |
Cleveland Urban Minority Alcoholism Drug Abuse Outreach Project Cleveland, OH | $220,740 | $1,293,287 |