Preschool Of The Arts Inc
- Assets
- $2.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 80
- Location
- Madison, WI
- Founding
- 12/1975
- Data as of
- 08/2021
- EIN
- 39-1225229
Organization Overview
Preschool Of The Arts Inc is located in Madison, WI. The organization was established in 1975. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2021, Preschool Of The Arts Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preschool Of The Arts Inc 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 08/2021, Preschool Of The Arts Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.8m during the year ending 08/2021. 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
OFFER A VIBRANT AND INNOVATIVE LEARNING COMMUNITY COMMITTED TO CHILD-FOCUSED EXPLORATION, CREATIVITY AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL OF THE ARTS PROVIDES EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES 18 MONTHS TO 7 YEARS. PROGRAM OPTIONS INCLUDE FULL OR HALF-DAY SCHEDULES, AS WELL AS 3- OR 5-DAY SCHEDULES. THE MAKE-UP OF THE CLASSROOMS INCLUDE A MIXED OR SAME-AGE SETTING, INCLUDING SPANISH LANGUAGE CLASSROOMS. PRESCHOOL OF THE ARTS HAS GROWN OVER TIME TO SERVE OVER 210 PRESCHOOL-AGED CHILDREN, WITH A FACULTY AND STAFF OF MORE THAN 60 COMMITTED INDIVIDUALS. PRESCHOOL OF THE ARTS ALSO SERVES AS A LEADER IN THE EARLY CHILDHOOD COMMUNITY, PROVIDING PROFESSIONAL DEVELOPMENT FOR TEACHERS ACROSS THE STATE AND THE COUNTRY AS WELL AS CREATING INITIATIVES THAT SUPPORT SOCIAL JUSTICE OUTREACH EFFORTS THAT AFFECT THE GROWTH AND WELL-BEING OF YOUNG CHILDREN IN THE GREATER MADISON COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Penny Robbins Executive Director | Officer | 40 | $76,471 |
Zoe Wolfe Faculty Director | Trustee | 1 | $29,802 |
Alice Sullivan Faculty Director | Trustee | 1 | $22,424 |
Chelsea Johnson President-Elect | OfficerTrustee | 1 | $0 |
Jennifer Curliss Treasurer | OfficerTrustee | 1 | $0 |
Noelle Warnock Al-Adra Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,183,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,201,161 |
| Total Program Service Revenue | $2,968,243 |
| Investment income | $1,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,415 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,133 |
| 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. | $195,214 |
| Compensation of current officers, directors, key employees. | $22,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,508,293 |
| Pension plan accruals and contributions | $5,902 |
| Other employee benefits | $271,576 |
| Payroll taxes | $122,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,342 |
| Advertising and promotion | $4,010 |
| Office expenses | $41,913 |
| Information technology | $10,605 |
| Royalties | $0 |
| Occupancy | $319,572 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,976 |
| Insurance | $34,461 |
| All other expenses | $632 |
| Total functional expenses | $2,820,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,233 |
| Savings and temporary cash investments | $1,201,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,953 |
| 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 | $13,485 |
| Net Land, buildings, and equipment | $1,188,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,979 |
| Total assets | $2,793,186 |
| Accounts payable and accrued expenses | $154,838 |
| Grants payable | $0 |
| Deferred revenue | $204,635 |
| 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 | $983,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,343,341 |
| Net assets without donor restrictions | $1,441,255 |
| Net assets with donor restrictions | $8,590 |
| 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 | $2,793,186 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Preschool Of The Arts Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
New St Paul Tabernacle Church Of God In Christ Head Start Agency Detroit, MI | $2,136,848 | $14,428,014 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Baraga Houghton Keweenaw Child Development Board Inc Houghton, MI | $2,508,419 | $6,917,101 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Lake Area Discovery Center White Bear Lake, MN | $2,847,181 | $7,699,616 |
Metropolitan Children And Youth Inc Detroit, MI | $1,358,627 | $5,984,825 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Lake Country School Montessori Learning Environments Minneapolis, MN | $16,072,245 | $6,022,305 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |