Lake School Corporation
- Assets
- $928.8k
- Revenue
- $595.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Oakland, CA
- Founding
- 03/1981
- Data as of
- 06/2024
- EIN
- 94-2708253
Organization Overview
Lake School Corporation is located in Oakland, CA. The organization was established in 1981. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Lake School Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake School Corporation 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 06/2024, Lake School Corporation generated $595.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $592.7k during the year ending 06/2024. While expenses have increased by 2.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE PRESCHOOL FOR APPROXIMATELY 59 STUDENTS AGES 2-1/2 TO 5 YEARS OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PRESCHOOL PROGRAM IN ACCORDANCE WITH STATED MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Gallo Executive Dir. | Trustee | 60 | $94,883 |
Courtney Couvreur Board President | OfficerTrustee | 3 | $0 |
Kiran Merchant Treasurer | OfficerTrustee | 1 | $0 |
Anna Kwong Board Member | Trustee | 1 | $0 |
Sean Pangilinan Board Member | Trustee | 1 | $0 |
Alex Ayoub Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,326 |
| Total Program Service Revenue | $552,809 |
| Investment income | $9,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $295 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,598 |
| 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. | $94,883 |
| Compensation of current officers, directors, key employees. | $27,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,057 |
| Payroll taxes | $33,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,485 |
| Office expenses | $3,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,119 |
| 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 | $18,026 |
| Insurance | $16,009 |
| All other expenses | $5,141 |
| Total functional expenses | $592,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,154 |
| Savings and temporary cash investments | $263,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $249,815 |
| Investments—publicly traded securities | $265,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $928,784 |
| Accounts payable and accrued expenses | $10,454 |
| Grants payable | $0 |
| Deferred revenue | $41,822 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,276 |
| Net assets without donor restrictions | $876,508 |
| 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 | $928,784 |