Sparrow Creek School
- Assets
- $1.1m
- Revenue
- $917.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Sausalito, CA
- Founding
- 06/1974
- Data as of
- 06/2021
- EIN
- 23-7399400
Organization Overview
Sparrow Creek School is located in Sausalito, CA. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Sparrow Creek School employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrow Creek 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, Sparrow Creek School generated $917.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $202.5k during the year ending 06/2021. 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
SPARROW CREEK SCHOOL OPERATED AS A MONTESSORI SCHOOL AND SERVED CHILDREN FROM THE AGES OF 2 1/2 TO 6. THE SCHOOL CLOSED IN JUNE 30, 2020.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARROW CREEK SCHOOL OPERATED AS A MONTESSORI SCHOOL AND SERVED CHILDREN FROM THE AGES OF 2 1/2 TO 6. THE SCHOOL CLOSED IN JUNE 30, 2020 AND THE FACILLITIES WERE SOLD IN MAY 2021. THE SALES PROCEEDS WILL BE DONATED TO A NONPROFIT ORGANIZATION IN THE FOLLOWING FISCAL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayla Kahn Board Member | Trustee | 1 | $0 |
Nicholas Gaffney Secretary | Trustee | 1 | $0 |
Judith Bang-Kolb President | Trustee | 40 | $0 |
Peter Streitmann Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $917,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $917,471 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $131,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,678 |
| Payroll taxes | $9,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,058 |
| Fees for services: Accounting | $5,200 |
| 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 | $426 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,779 |
| 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 | $1,045 |
| Insurance | $8,156 |
| All other expenses | $0 |
| Total functional expenses | $202,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,698 |
| Savings and temporary cash investments | $973,155 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,114,853 |
| Accounts payable and accrued expenses | $51 |
| 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 | $51 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,114,802 |
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