Laurelbrook Sanitarium And School Incorporated
- Assets
- $3.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Dayton, TN
- Founding
- 07/1961
- Data as of
- 05/2021
- EIN
- 62-6047435
Organization Overview
Laurelbrook Sanitarium And School Incorporated is located in Dayton, TN. The organization was established in 1961. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 05/2021, Laurelbrook Sanitarium And School Incorporated employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurelbrook Sanitarium And School Incorporated 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 05/2021, Laurelbrook Sanitarium And School Incorporated generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.9m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VOCATIONAL HIGH SCHOOL TRAINING AND NURSING HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
50 BED NURSING HOME FOR STUDENT TRAINING AND VOCATIONAL HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Mcdaniels President | OfficerTrustee | 40 | $13,200 |
M Alexa Blair Treasurer | OfficerTrustee | 40 | $9,600 |
Maudie Westfall Secretary | OfficerTrustee | 20 | $8,400 |
Barbara Kitson Treasurer | OfficerTrustee | 40 | $1,325 |
Keith Ferguson Trustee | Trustee | 40 | $800 |
Brian Traxler Trustee | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $738,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $861,442 |
| Total Program Service Revenue | $2,908,297 |
| Investment income | $12,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,588 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,978,330 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,199,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,796,657 |
| Total functional expenses | $3,854,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,870 |
| Prepaid expenses and deferred charges | $163,971 |
| Net Land, buildings, and equipment | $2,048,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,230 |
| Total assets | $3,172,312 |
| Accounts payable and accrued expenses | $565,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $480,958 |
| Other liabilities | $60,130 |
| Total liabilities | $1,106,615 |
| Net assets without donor restrictions | $2,065,697 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,172,312 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Laurelbrook Sanitarium And School Incorporated has recieved totaling $11,841.
| Awarding Organization | Amount |
|---|---|
Layman Foundation Chattanooga, TN PURPOSE: SCHOLARSHIP FUNDS | $11,778 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Launchcode Foundation Saint Louis, MO | $16,718,030 | $16,796,933 |
Carpenters Joint Training Fund Of St Louis St Louis, MO | $23,316,031 | $11,452,308 |
Accreditation Alliance Of Career Schools And Colleges Arlington, VA | $26,046,219 | $7,869,062 |
Laurelbrook Sanitarium And School Incorporated Dayton, TN | $3,172,312 | $3,978,330 |
Skilled Kc Technical Institute Inc Kansas City, MO | $2,788,911 | $5,090,533 |
Gordon Parks Elementary School Kansas City, MO | $2,020,109 | $3,711,683 |
Brillare Beauty Institute Cleveland, TN | $1,097,021 | $2,779,261 |
Plumbers & Pipefitters Locals 352 & 572 Joint Apprenticeship Committee Nashville, TN | $1,903,387 | $1,719,621 |
Walnut Farm Montessori School Bentonville, AR | $3,463,022 | $1,412,070 |
Tennessee Future Farmers Of America Foundation Inc Cookeville, TN | $8,783,000 | $1,550,962 |
Sprinkler Fitter 268 Joint Apprentice And Training Fund Saint Louis, MO | $1,345,391 | $755,194 |
Electrician Training Academy At Knoxville Knoxville, TN | $786,789 | $800,194 |