Teach O Rea Preparatory Preschool
- Assets
- $802.3k
- Revenue
- $866.7k
- Investments
- $0.0
- Employees
- 19
- Location
- Stone Mountain, GA
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 20-8507403
Organization Overview
Teach O Rea Preparatory Preschool is located in Stone Mountain, GA. The organization was established in 2008. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Teach O Rea Preparatory Preschool employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach O Rea Preparatory Preschool 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 12/2023, Teach O Rea Preparatory Preschool generated $866.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $747.0k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRE-KINDERGARTEN & PRE-SCHOOL PROVIDE TUITION ASSISTANCE FOR FAMILIES WITH FINANCIAL HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PROGRAM - WE ADMINISTER THE CHILD AND ADULT CARE FOOD PROGRAM (CACFP) IN THE STONE MOUNTAIN, GA AREA. OUR FEDERAL NUTRITION PROGRAM IS FUNDED BY THE U.S. DEPT. OF AGRICULTURE (USDA) TO ENSURE THAT CHILDREN THROUGHOUT GEORGIA HAVE ACCESS TO NUTRITIOUS MEALS WHILE THEY ARE IN A DAY CARE SETTING AND DURING THE SUMER WHEN SCHOOL IS NOT IN SESSION. OUR PROGRAM HELPS ALLEVIATE HUNGER AND MALNUTRITION AND ADDRESSES THE NEGATIVE EFFECTS THAT HUNGER AND MALNUTRITION HAVE ON AN INDIVIDUALS HEALTH, EDUCATIONAL DEVELOPMENT, AND GROWTH, OUR CACFP HELPS IMPROVE THE OVERALL NUTRITIONAL STATUS OF MANY OF OUR FAMILIES IN OUR COMMUNITY.
PREKINDERGARTEN - WE ADMINISTER A GEORGIAS PRE-K PROGRAM THAT IS A LOTTERY FUNDED EDUCTIONAL PROGRAM FOR GEORGIAS FOUR YEAR OLDS TO PREPARE CHILDREN FOR KINDERGARTEN. OUR CHILDS READINESS PROGRAM FOCUS ON: A) POSSIBLE HEALTH BARRIERS THAT BLOCK LEARNING HAVE BEE DETECTED, B) SUSPECTED PHYSICAL OR MENTAL DISABILITIES HAVE BEED ADDRESED. C) ENTHUSIAM, CURIOSITY, AND PERSISTENCE TOWARD LEARNING IS DEMONSTRATED, D) FEELINGS OF BOTH SELF AND OTHERS ARE RECOGNIZED. E) SOCIAL INTERGPERSONAL SKILLS ARE EMERGING, F) COMMUNICATION WITH OTHERS IS EFFECTIVE,
MAXIMUS WE PROVIDE CHILD CARE SERVICES TO FAMILIES THAT RECEIVE TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) FUNDING. THE TANF MISSION IS TO PROVIDE NECESSARY ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN ON A TEMPORARY BASIS; FOCUSING ON PROVIDING PARENTS WITH JOB PREPARATION, WORK OPPORTUNITIES, ENFORCEMENT OF CHILD SUPPORT, AND OTHER SUPPORT SERVICES THAT WILL ENABLE THEM TO BECOME SELF-SUFFICIENT AND LEAVE THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Cameron Board Member | Trustee | 5 | $0 |
Willie Cason Board Member | Trustee | 5 | $0 |
Victor Hall Board Member | Trustee | 5 | $0 |
Greg Harris Board Member | Trustee | 5 | $0 |
Charlene Mckenzie Board Member | Trustee | 40 | $0 |
David Olive Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $574,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,097 |
| Total Program Service Revenue | $290,637 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,734 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,235 |
| Pension plan accruals and contributions | $24,985 |
| Other employee benefits | $0 |
| Payroll taxes | $30,837 |
| Fees for services: Management | $47,492 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,429 |
| 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 | $0 |
| Insurance | $21,577 |
| All other expenses | $42,110 |
| Total functional expenses | $746,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,053 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $7,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,309 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $802,309 |
| 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 | $802,309 |