Lab School Of Washington
- Assets
- $65.5m
- Revenue
- $24.4m
- Investments
- $111.8k
- Employees
- 278
- Location
- Washington, DC
- Founding
- 10/1982
- Data as of
- 06/2023
- EIN
- 52-1261627
Organization Overview
Lab School Of Washington is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Lab School Of Washington employed 278 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lab School Of Washington 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 06/2023, Lab School Of Washington generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $24.5m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAB SCHOOL OF WASHINGTON IS AN INNOVATIVE LEARNING COMMUNITY FOSTERING SCHOLARSHIP AND CREATIVITY IN STUDENTS WITH LEARNING STYLES (DOCUMENTED LEARNING DISABILITIES). THE SCHOOL PROVIDES A RIGOROUS, COLLEGE-PREPARATORY EDUCATION; PROVIDES INTENSIVE REMEDIATION AND TEACHES LEARNING STRATEGIES; AND USES VISUAL AND PERFORMING ARTS TO FACILITATE THE EDUCATION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION: INCLUDES INTENSIVE REMEDIATION THROUGH DAY SCHOOL, PSYCHOLOGICAL SERVICES, OCCUPATIONAL THERAPY, SPEECH AND LANGUAGE SERVICES AND CAREER COUNSELING.
RELATED SERVICES INCLUDING: PSYCHOLOGICAL SERVICES, OCCUPATIONAL THERAPY AND SPEECH AND LANGUAGE SERVICES.
OTHER PROGRAM: INCLUDES SUMMER SCHOOL AND TRAINING OF TEACHERS, PARENTS AND OTHERS THROUGH AFTER SCHOOL, OUTPATIENT SERVICES, INSTRUCTIONAL PROGRAMS, LECTURES AND AN ART TEACHER CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Wargo Head Of School | Officer | 40 | $502,026 |
Diana Meltzer Assoc. Head Of School | 40 | $176,191 | |
Martha Cathcart Director Of Institutional Advancement | 40 | $155,224 | |
Amy Oswalt Director Of Global Division | 40 | $155,261 | |
Robert Lane Director Of Admissions | 40 | $144,481 | |
Lorraine Simon Clinical Psychologist | 40 | $140,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concentus Tech Services | 6/29/23 | $289,231 |
Kerns Group Architect | 6/29/23 | $123,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $309,291 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $897,296 |
| Noncash contributions included in lines 1a–1f | $291,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,587 |
| Total Program Service Revenue | $23,166,289 |
| Investment income | $57,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,357 |
| Net Gain/Loss on Asset Sales | -$5,724 |
| Net Income from Fundraising Events | -$126,743 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,371,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $810,052 |
| Compensation of current officers, directors, key employees. | $668,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,473,644 |
| Pension plan accruals and contributions | $400,618 |
| Other employee benefits | $1,006,866 |
| Payroll taxes | $1,123,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,051 |
| Fees for services: Accounting | $53,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,869 |
| Fees for services: Other | $553,230 |
| Advertising and promotion | $28,120 |
| Office expenses | $34,552 |
| Information technology | $665,424 |
| Royalties | $0 |
| Occupancy | $582,344 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,038,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,471,089 |
| Insurance | $212,251 |
| All other expenses | $427,984 |
| Total functional expenses | $24,544,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,832 |
| Savings and temporary cash investments | $6,621,762 |
| Pledges and grants receivable | $404,547 |
| Accounts receivable, net | $11,160,906 |
| 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 | $510,079 |
| Net Land, buildings, and equipment | $32,377,964 |
| Investments—publicly traded securities | $11,440,659 |
| Investments—other securities | $111,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,199,271 |
| Total assets | $65,464,794 |
| Accounts payable and accrued expenses | $1,566,024 |
| Grants payable | $0 |
| Deferred revenue | $18,439,824 |
| Tax-exempt bond liabilities | $15,893,682 |
| 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 | $2,240,672 |
| Total liabilities | $38,140,202 |
| Net assets without donor restrictions | $21,875,878 |
| Net assets with donor restrictions | $5,448,714 |
| 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 | $65,464,794 |