Purple Moose Enrichment Preschool
- Assets
- $119.0k
- Revenue
- $275.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Crystal Lake, IL
- Founding
- 05/2016
- Data as of
- 06/2023
- EIN
- 47-5636376
Organization Overview
Purple Moose Enrichment Preschool is located in Crystal Lake, IL. The organization was established in 2016. 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, Purple Moose Enrichment Preschool employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purple Moose Enrichment 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 06/2023, Purple Moose Enrichment Preschool generated $275.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $375.6k during the year ending 06/2023. While expenses have increased by 10.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPLE MOOSE ENRICHMENT PRESCHOOL'S MISSION IS TO PROVIDE CHILDREN WITH THE BEST SOCIAL AND EDUCATIONAL EXPERIENCE OBTAINABLE WITHIN A CARING AND SAFE ENVIRONMENT USING DEVELOPMENTALLY APPROPRIATE CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPLE MOOSE ENRICHMENT PRESCHOOL HAS SUCCESSFULLY CONTINUED TO EXPAND ITS REACH OF PROVIDING EARLY CHILDHOOD EDUCATION TO AN AREA OF MCHENRY COUNTY THAT IS STILL VERY SHORT IN PROGRAMS AVAILABLE. WE ARE CONTINUING TO ADD FAMILIES FROM THE AREAS OF MCHENRY AND WOODSTOCK THAT ARE IN HIGH NEED OF THE CARE. WE ADDED TWELVE NEW FAMILIES FOR WHOM WE WERE PREVIOUSLY OUT OF RADIUS. PURPLE MOOSE ENRICHMENT PRESCHOOL HAS CONTINUED TO GROW ITS FUNDRAISING EFFORTS TO CREATE A SCHOLARSHIP FUND FOR FAMILIES THAT ARE NOT ABLE TO PAY FOR PRESCHOOL OTHERWISE. WE CONTINUED TO OFFER A SEPARATE SCHOLARSHIP OFFERING FOR THE STAFF, TO ENCOURAGE TRAINING AND PROFESSIONAL GROWTH. WITH THE EXPANSION OF OUR FUNDRAISING WE HAVE BEEN ABLE TO OFFER OUR FAMILIES MORE SCHOLARSHIPS AND CONTINUE SHARING OUR MISSION OF GROWING THE OPPORTUNITY TO OFFER THE PRESCHOOL EXPERIENCE TO FAMILIES THAT MAY OTHERWISE HAVE TO FORGO THIS IMPORTANT DEVELOPMENTAL OPPORTUNITY. LIKEWISE, THERE WAS MUCH POSITIVE FEEDBACK ON SUPPORTING THE OPPORTUNITY FOR THE TEACHERS TO TAKE PART IN TRAININGS THAT ARE OUTSIDE THEIR BUDGETS, BUT WILL CONTINUE TO MAKE SIGNIFICANT IMPROVEMENT IN THE QUALITY OF LEARNING. THIS YEAR WE CONTINUED TO EXTEND THE TUITION SCHOLARSHIP PROGRAM TO OUR FAMILIES. THE TOTAL BENEFIT OF THE SCHOLARSHIP WAS $8700. WE HOPE TO CONTINUE GROWINT THIS EFORT IN THE NEXT SCHOOL YEAR. THE BENEFIT FOR STAFF SCHOLARSHIPS THIS YEAR WAS $1600. IN THE NEXT SCHOOL YEAR, WE ONCE AGAIN HOPE TO GROW THIS AMOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Linscheid President | OfficerTrustee | 65 | $91,500 |
Myra Banea Secretary | OfficerTrustee | 1 | $0 |
Sheri Hahn Treasurer | OfficerTrustee | 1 | $0 |
Brenda Beach Director | Trustee | 1 | $0 |
Michael Fridman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $275,476 |
| Investment income | $127 |
| 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 | $275,603 |
| 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. | $91,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,573 |
| Pension plan accruals and contributions | $5,679 |
| Other employee benefits | $0 |
| Payroll taxes | $53,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $939 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,815 |
| Office expenses | $1,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,780 |
| 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 | $0 |
| Insurance | $1,374 |
| All other expenses | $75,506 |
| Total functional expenses | $375,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,879 |
| Savings and temporary cash investments | $100,095 |
| 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 | $118,974 |
| 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 | -$2,218 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,692 |
| Total liabilities | -$526 |
| 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 | $119,500 |
| Total liabilities and net assets/fund balances | $118,974 |