Laurence School
- Assets
- $47.1m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 84
- Location
- Van Nuys, CA
- Founding
- 12/1967
- Data as of
- 06/2021
- EIN
- 95-2084858
Organization Overview
Laurence School is located in Van Nuys, CA. The organization was established in 1967. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Laurence School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurence School 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 06/2021, Laurence School generated $15.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $13.1m during the year ending 06/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAURENCE'S PURPOSE IS TO DEVELOP THE UNIQUE ABILITIES AND POTENTIAL OF EACH OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 20-21, LAURENCE PROVIDED QUALITY EDUCATION TO APPROXIMATELY 350 DAY STUDENTS IN KINDERGARTEN THROUGH GRADE 6.
DURING 20-21, LAURENCE PROVIDED SUMMER ACADEMIC, DRAMA, ART, ATHLETIC CLASSES AND PLAYGROUND ACTIVITES WITH AN AVERAGE ENROLLMENT OF 40 STUDENTS AND COUNSELOR-IN-TRAININGS PER WEEK.
DURING 20-21 LAURENCE PROVIDED AFTER SCHOOL ACADEMIC, DRAMA, ART ATHLETIC CLASSES AND PROGRAMS WITH AROUND 325 SESSION ENROLLMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wolke Lauren Head Of School | Officer | 40 | $448,575 |
Shahmiri Shahriar Chief Financial Officer | Officer | 40 | $204,544 |
Kovacs Gregory Director Of Operations | 40 | $187,078 | |
Hogenson Eric 3-6 Program Director | 40 | $156,246 | |
Silverman Elizabeth K-2 Program Director | 40 | $147,643 | |
Redmond Bernard Athletic Director | 40 | $143,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Design Space Modular Design Services | 6/29/21 | $225,319 |
Tumbleweed Transportation School Bus Services | 6/29/21 | $192,532 |
Pacific Platinum Services Janitorial And Security | 6/29/21 | $465,910 |
Sandlot Homes Campus Improvements And Misc. Summer Pro | 6/29/21 | $214,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,735 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,133,851 |
| Noncash contributions included in lines 1a–1f | $28,997 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,176,586 |
| Total Program Service Revenue | $11,892,534 |
| Investment income | $203,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$85,937 |
| Net Gain/Loss on Asset Sales | $636,421 |
| Net Income from Fundraising Events | $214,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,074 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,067,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $835,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $747,429 |
| Compensation of current officers, directors, key employees. | $667,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,248,468 |
| Pension plan accruals and contributions | $219,101 |
| Other employee benefits | $518,201 |
| Payroll taxes | $502,335 |
| Fees for services: Management | $126,068 |
| Fees for services: Legal | $335 |
| Fees for services: Accounting | $29,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,893 |
| Fees for services: Other | $360,423 |
| Advertising and promotion | $5,286 |
| Office expenses | $210,992 |
| Information technology | $165,389 |
| Royalties | $0 |
| Occupancy | $1,220,999 |
| Travel | $14,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,744 |
| Interest | $362,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $897,685 |
| Insurance | $0 |
| All other expenses | $171,435 |
| Total functional expenses | $13,088,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,499,062 |
| Savings and temporary cash investments | $1,201,141 |
| Pledges and grants receivable | $342,855 |
| Accounts receivable, net | $230,725 |
| 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 | $324,011 |
| Net Land, buildings, and equipment | $24,965,584 |
| Investments—publicly traded securities | $15,581,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,144,590 |
| Accounts payable and accrued expenses | $775,821 |
| Grants payable | $0 |
| Deferred revenue | $2,885,509 |
| Tax-exempt bond liabilities | $10,347,104 |
| 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 | $331,937 |
| Total liabilities | $14,340,371 |
| Net assets without donor restrictions | $31,026,118 |
| Net assets with donor restrictions | $1,778,101 |
| 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 | $47,144,590 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Laurence School has recieved totaling $140,755.
| Awarding Organization | Amount |
|---|---|
The Derfner Foundation New York, NY PURPOSE: UNRESTRICTED USE | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,803 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $19,100 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,400 |
Resnik Family Foundation Westlake Village, CA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,304,266 |
| Earnings | $266,306 |
| Net Contributions | $358,783 |
| Other Expense | $64,200 |
| Ending Balance | $1,865,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |