Spark Preschool
- Assets
- $259.3k
- Revenue
- $491.0k
- Investments
- $0.0
- Employees
- 19
- Location
- Westerville, OH
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 27-4446683
Organization Overview
Spark Preschool is located in Westerville, OH. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Spark Preschool employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark 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 06/2022, Spark Preschool generated $491.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $394.8k during the year ending 06/2022. While expenses have increased by 8.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CHRISTIAN-BASED EDUCATION FOR 3-5 YEAR OLDS OVER A DEFINED SCHOOL YEAR. THE SCHOOL YEAR STARTS IN SEPTEMBER AND RUNS THROUGH MAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO OPERATE PRESCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy L Pressler Administrator | OfficerTrustee | 38 | $61,472 |
Linda L Cochran Administrator | OfficerTrustee | 38 | $61,371 |
Timothy A Pressler Trustee | Trustee | 1 | $0 |
Troy Cochran Trustee | Trustee | 1 | $0 |
Beth Lanning Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,352 |
| Investment income | $782 |
| 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 | $491,002 |
| 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. | $122,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34 |
| Advertising and promotion | $0 |
| Office expenses | $23,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,522 |
| 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 | $345 |
| Insurance | $2,966 |
| All other expenses | $0 |
| Total functional expenses | $394,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,374 |
| Savings and temporary cash investments | $0 |
| 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 | $37,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $259,260 |
| Accounts payable and accrued expenses | $4,012 |
| 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 | $4,012 |
| Net assets without donor restrictions | $255,248 |
| 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 | $255,248 |