Bright Hope Preschool
- Assets
- $1.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, WA
- Founding
- 06/2015
- Data as of
- 08/2024
- EIN
- 47-2279226
Organization Overview
Bright Hope Preschool is located in Covington, WA. The organization was established in 2015. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Hope 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 08/2024, Bright Hope Preschool generated $98.7k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $98.1k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE PRESCHOOL EDUCATION PROVIDED TO 32 CHILDREN AGES 3-5 YEARS WAS FACILITATED AT THE CHRISTIAN CHURCH CALLED CORNERSTONE UNITED METHODIST CHURCH IN COVINGTON, WASHINGTON THROUGH DIRECT AND INDIRECT INSTRUCTION IN 3 CLASSES DURING THE SCHOOL YEAR. THERE WAS ALSO SOME CHRISTIAN EDUCATION PROVIDED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel J Passarelli Berube Director/president | 30 | $28,165 | |
Robyn Fischer Secretary | 17 | $15,119 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $98,670 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,670 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,757 |
| Professional fees and other payments to independent contractors | $223 |
| Occupancy, rent, utilities, and maintenance | $15,084 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,003 |
| Total expenses | $98,067 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,362 |
| Other assets | $0 |
| Total assets | $1,362 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,362 |