Purest Academy For Kids Inc
- Assets
- $7.7k
- Revenue
- $268.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Lakewood, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5372797
Organization Overview
Purest Academy For Kids Inc is located in Lakewood, CA. 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 12/2021, Purest Academy For Kids Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purest Academy For Kids 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 12/2021, Purest Academy For Kids Inc generated $268.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $264.6k during the year ending 12/2021. While expenses have increased by 13.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY CHILD CARE FOR MODERATE AND LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HIGH QUALITY CHILD CARE SERVICES TO LOW AND MODERATE INCOME FAMILIES. THE PROGRAM OFFERS INFANT CARE (AGES 6 WEEKS - 2 YEARS) AND PRESCHOOL CARE (AGES 2-6YEARS) MONDAY- FRIDAY FROM 6:30AM - 6:00PM. THE PROGRAM HOSTS FUNDRAISERS FOR TUITION ASSISTANCE PROGRAMS FOR FAMILIES ENROLLED IN THE SCHOOL. THE SCHOOL OPERATES ALL YEAR ROUND WITH RESPECT TO HOLIDAYS IN WHICH CLOSURES ARE IMPLEMENTED. THE CENTER IS LICENSED FOR 13 INFANTS AND 29 PRESCHOOL AGE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Austin Executive Director | OfficerTrustee | 40 | $45,663 |
Roxanne Williams Board Member | Officer | 1 | $0 |
Valerie Chiu Board Member | Officer | 1 | $0 |
Kandyce Fallon Board Member | Officer | 1 | $0 |
Nia Smith Board Member | Officer | 1 | $0 |
Shani Jones Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,015 |
| Total Program Service Revenue | $150,995 |
| 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 | $268,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510 |
| 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. | $45,663 |
| Compensation of current officers, directors, key employees. | $4,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,020 |
| Payroll taxes | $13,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,781 |
| Advertising and promotion | $0 |
| Office expenses | $12,116 |
| Information technology | $1,823 |
| Royalties | $0 |
| Occupancy | $55,383 |
| Travel | $1,634 |
| 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 | $2,148 |
| All other expenses | $1,687 |
| Total functional expenses | $264,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,716 |
| 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 |
| 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 | $7,716 |
| 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 | $50,384 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,000 |
| Other liabilities | $152,600 |
| Total liabilities | $208,984 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$201,268 |
| Total liabilities and net assets/fund balances | $7,716 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Purest Academy For Kids Inc has recieved totaling $20,101.
| Awarding Organization | Amount |
|---|---|
Earl B & Loraine H Miller Fdn Long Beach, CA PURPOSE: CORE OPERATIONAL SUPPORT FOR PUREST ACADEMY | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Family Inc Morgan Hill, CA | $29,840,400 | $76,356,532 |
Doral Academy Of Nevada Las Vegas, NV | $131,957,708 | $48,898,160 |
Child Parent Centers Inc Tucson, AZ | $16,878,130 | $37,963,883 |
Los Angeles Universal Preschool Los Angeles, CA | $9,025,179 | $26,158,862 |
Kamaaina Care Inc Kailua, HI | $16,893,608 | $29,363,431 |
Plaza De La Raza Child Development Services Inc City of Industry, CA | $2,591,767 | $20,694,793 |
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Hanalani Schools Mililani, HI | $23,961,358 | $16,139,886 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |