Mwla
- Assets
- $42.4m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 118
- Location
- Culver City, CA
- Founding
- 02/1971
- Data as of
- 06/2021
- EIN
- 95-2668485
Organization Overview
Mwla is located in Culver City, CA. The organization was established in 1971. 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, Mwla employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mwla 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, Mwla generated $12.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $13.0m during the year ending 06/2021. While expenses have increased by 2.2% 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
EDUCATIONAL SERVICES FOR PRESCHOOL, PRE-K, ELEMENTARY AND MIDDLE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES - PRESCHOOL, PRE-K, ELEMENTARY, AND MIDDLE SCHOOL; APPROXIMATELY 282 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Konigsberg Head Of School | Officer | 55 | $397,283 |
Julia Yzaguirre Chief Financial Officer | Officer | 55 | $218,918 |
Gabriella Akana Asst Hos - Middle School Division Head | Officer | 55 | $164,787 |
Will Segar Elementary Division Head | 55 | $130,160 | |
Sharon Cox Preschool Division Head | 55 | $120,000 | |
Ilise Friedman Director Of Advancement | 55 | $119,723 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joffe Emergency Services Security | 6/29/21 | $146,638 |
Lee's Maintenance Service Janitorial Services | 6/29/21 | $216,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,609 |
| Related organizations | $0 |
| Government grants | $1,148,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $816,052 |
| Noncash contributions included in lines 1a–1f | $3,951 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,069,094 |
| Total Program Service Revenue | $9,867,089 |
| Investment income | $375,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $502,303 |
| Net Income from Fundraising Events | $9,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,823,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,663,289 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $903,677 |
| Compensation of current officers, directors, key employees. | $368,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,076,150 |
| Pension plan accruals and contributions | $188,087 |
| Other employee benefits | $887,560 |
| Payroll taxes | $431,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,114 |
| Fees for services: Accounting | $48,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,085 |
| Fees for services: Other | $42,861 |
| Advertising and promotion | $18,302 |
| Office expenses | $245,117 |
| Information technology | $97,404 |
| Royalties | $0 |
| Occupancy | $960,987 |
| Travel | $14 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,764 |
| Interest | $804,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,128,659 |
| Insurance | $103,409 |
| All other expenses | $0 |
| Total functional expenses | $13,019,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,267,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,347,908 |
| 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 | $518,112 |
| Net Land, buildings, and equipment | $17,498,193 |
| Investments—publicly traded securities | $17,742,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,392 |
| Total assets | $42,437,114 |
| Accounts payable and accrued expenses | $489,703 |
| Grants payable | $0 |
| Deferred revenue | $4,919,820 |
| Tax-exempt bond liabilities | $13,311,336 |
| 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 | $7,016,750 |
| Total liabilities | $25,737,609 |
| Net assets without donor restrictions | $14,548,364 |
| Net assets with donor restrictions | $2,151,141 |
| 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 | $42,437,114 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mwla has recieved totaling $14,843.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,843 |
First Eagle Investment Management Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Endowment Analysis
| Beg. Balance | $2,651,150 |
| Earnings | $661,628 |
| Net Contributions | $3,220 |
| Ending Balance | $3,315,998 |
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 |