Angel Creek Preschool Inc
- Assets
- $54.5k
- Revenue
- $370.2k
- Investments
- $0.0
- Employees
- 22
- Location
- Coppell, TX
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-3110494
Organization Overview
Angel Creek Preschool Inc is located in Coppell, TX. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Angel Creek Preschool Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angel Creek Preschool 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 06/2023, Angel Creek Preschool Inc generated $370.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $378.3k during the year ending 06/2023. 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
ANGEL CREEK PRESCHOOL PROVIDES A CARING AND SAFE ATMOSPHERE WHERE CHILDREN TAKE THEIR NEXT STEPS IN EDUCATION AND CATHOLIC FAITH. BY OFFERING ENCOURAGEMENT AND MANY OPPORTUNITIES FOR SUCCESS, OUR CHILDREN WILL ESTABLISH A POSITIVE BELIEF OF THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE CONTINUED TO INCREASE OUR ENROLLMENT SINCE THE START OF THE PANDEMIC IN MARCH OF 2020. IN THE 2020-2021 SCHOOL YEAR WE ESPANDED OUR SCHOOL FROM 5 CLASSROOMS TO 7 AND INCREASED OUR ENROLLMENT FROM 55 STUDENTS TO AN AVERAGE OF 72 STUDENTS. WE WERE ABLE TO BRING BACK OUR CHAPEL ENRICHMENT PROGRAM TO TEACH THE CATHOLIC FAITH TO OUR STUDENTS AND WE WERE ABLE TO INCREASE THE NUMBER OF ST. ANN PARISHIONERS CHILDREN ENROLLED IN OUR SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Cudal Co-Director | Trustee | 40 | $0 |
Susan Ratz-Thomas Vice President | Officer | 0 | $0 |
Claudia Herman Board Member | Officer | 0 | $0 |
Maggie Chambless Board Member | Officer | 0 | $0 |
Suzanne Deluca Secretary | Officer | 0 | $0 |
Brandon Cox President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $302 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302 |
| Total Program Service Revenue | $369,871 |
| 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 | $370,173 |
| 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. | $39,904 |
| Compensation of current officers, directors, key employees. | $39,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,438 |
| Payroll taxes | $24,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,758 |
| Advertising and promotion | $1,234 |
| Office expenses | $2,394 |
| Information technology | $2,900 |
| Royalties | $0 |
| Occupancy | $8,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,829 |
| Insurance | $6,202 |
| All other expenses | $0 |
| Total functional expenses | $378,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,708 |
| 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 | $32,783 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,491 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $25,939 |
| 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 | $25,939 |
| Net assets without donor restrictions | $28,552 |
| 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 | $54,491 |