Discovery Learning Center FY2021 filing

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EIN 91-1342018 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$617K
FY2021▲ +7%
Expenses
$524K
FY2021▲ +3%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Provides year-round Montessori early childhood education for local families. For fiscal year 2021 it reported $617K in revenue, $524K in expenses, and $366K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Seattle, WA
Website
discoverymontessorischool.org
Filings
5 on file (2020–2021)
Revenue
$617KFY2021
Expenses
$524K
Net assets
$366K
People
7
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Provided by the organization

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Size
$100K–1M
What they do
Provides year-round Montessori early childhood education for local families.
Leadership
David Wilson · Trustee
Money in and out
$617K revenue, $524K expenses
Bottom line
99% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Scholar Fund

2 distinct foundation funder(s) on file, $8K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

99% to programs

99% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +7% vs prior year

Revenue band $100K–1M, +7% versus the prior filing year (up). See detail →

Where the money goes · FY2021
Total revenue
$617K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$366K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
8.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$366K
FY2021▲ +34%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$366K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CDiscovery Learning Center
EINHdr · item D91-1342018
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jdiscoverymontessorischool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Deborah Dee Hirsch$81,450$83,621$81,450

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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Mission & Programs · Part III

Where the work happens

1 program service account for $518K of program spending, described in the organization's own filed words · FY2021.
01

A comprehensive education program in a Montessori school environment for a community of families and children in early childhood classrooms and school grounds. School events, parent education, meetings, teacher education and development are scheduled and attended annually.

$518Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$565K · 92%
Contributions & grants$52K · 8%
Program service revenue92%$565K
Contributions & grants8%$52K
— government grantsLn 1e$50K
Total revenueLn 12$617K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$518K
Management & general1%$7K
Total functional expensesLn 25$524K

Balance Sheet

Part X · end of year
CashLn 1$366K
Total assetsLn 16$366K
Total liabilitiesLn 26$0
Total net assetsLn 32$366K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $366K · Operating expenses/yr $524K
8.4 months
Where the money goes
Program services
Program services $518K · Total expenses $524K
99%
Management & General
Management & general $7K · Total expenses $524K
1%
Fundraising
Fundraising $0 · Total expenses $524K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $52K · Total revenue $617K
8%
Government reliance
Government grants $50K · Total revenue $617K
8%
Earned-income share
Program service revenue $565K · Total revenue $617K
92%
Investment reliance
Investment income $0 · Total revenue $617K
0%
Program self-sufficiency
Program service revenue $565K · Total expenses $524K
108%
Growth & trend
Revenue growth (YoY)
This year $617K · Prior year $575K
+7%
Net-asset trend (YoY)
End of year $366K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $617K · Expenses $524K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $366K
—
Net-asset ratio
Net assets $366K · Total assets $366K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $366K
0%
People & payroll
Highest Reported Total Compensation
Individual David Wilson · Reported title Trustee · Highest reported compensation $0 · Total expenses $524K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $411K · Total expenses $524K
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——
Revenue growth 7%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0%——

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 · FY2023
Scholar FundFY2023$8K
Total grants receivedfrom 2 funders$8K

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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
FY2024 (Latest)$696K revenue · ⤓ 990 PDF
FY2023$648K revenue · ⤓ 990 PDF
FY2022$623K revenue · ⤓ 990 PDF
FY2021$617K revenue · viewing · ⤓ 990 PDF
FY2020$575K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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