Learning Tree EIN 91-1072804

Learning Tree FY2022 filing

EIN  91-1072804 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$1–10M
What they do
Provides a full-time Montessori education for children.
Leadership
Karen Campbell · Executive Director · $74K
Money in and out
$1.3M revenue, $985K expenses
Bottom line
74% program efficiency

Provides a full-time Montessori education for children. For fiscal year 2022 it reported $1.3M in revenue, $985K in expenses, and $839K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$985K
Pt IX · Ln 25
Net assets
$839K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $278K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26 Fundraising $0.00
Program efficiency
74%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.3M
FY2022▲ +50%
Expenses
$985K
FY2022▲ +39%
Total assets
$853K
FY2022▲ +14%
Total liabilities
$14K
FY2022▼ -91%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$985K
Pt IX · Ln 25
Net assets
$839K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$278K
Total assetsPt X · Ln 16$853K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $725K of program spending, described in the organization's own filed words · FY2021.
01

The learning tree provides full-time care in a high-quality montessori preschool environment. We serve 40 children year-round. We provide social-emotional development as well as academics to the children. We educate and give guidance to the families of the children we serve. We accept children on state and city funding.

$725Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Tree
EINHdr · item D91-1072804
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jlearningtreemontessori.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$74,403Pt VII · Sec A
Secretary
$4,764Pt VII · Sec A
Board Member
$4,525Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Campbell$85,687$89,545$72,601$74,403
Karen Campbell$77,673$80,014
Laurie Wick$4,764
Laurie Wick$4,744$4,669
Vincent Duffy$4,525
Vincent Duffy$4,400$4,240

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$943K · 75%
Contributions & grants$306K · 24%
Investment income$13K · 1%
Program service revenue75%$943K
Contributions & grants24%$306K
Investment income1%$13K
Other revenue$494
— government grantsLn 1e$165K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26 Fundraising $0.00
Program services74%$725K
Management & general26%$256K
Fundraising$4K
Total functional expensesLn 25$985K

Balance Sheet

Part X · end of year
CashLn 1$629K
Total assetsLn 16$853K
Total liabilitiesLn 26$14K
Total net assetsLn 32$839K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $847K · Operating expenses/yr $985K
10.3 months
Where the money goes
Program services
Program services $725K · Total expenses $985K
74%
Management & General
Management & general $256K · Total expenses $985K
26%
Fundraising
Fundraising $4K · Total expenses $985K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $69K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $306K · Total revenue $1.3M
24%
Government reliance
Government grants $165K · Total revenue $1.3M
13%
Earned-income share
Program service revenue $943K · Total revenue $1.3M
75%
Investment reliance
Investment income $13K · Total revenue $1.3M
+1%
Program self-sufficiency
Program service revenue $943K · Total expenses $985K
96%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $843K
+50%
Net-asset trend (YoY)
End of year $839K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $985K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $853K
Net-asset ratio
Net assets $839K · Total assets $853K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $218K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $853K
26%
People & payroll
Highest Reported Total Compensation
Individual Karen Campbell · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $74K · Total expenses $985K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $783K · Total expenses $985K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 1%
Revenue growth 50%
Investment management fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · viewing · ⤓ 990 PDF
FY2021$843K revenue · ⤓ 990 PDF
FY2020$800K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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