Primeros Pasos Inc
- Assets
- $3.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Georgetown, DE
- Founding
- 04/1999
- Data as of
- 06/2024
- EIN
- 51-0375288
Organization Overview
Primeros Pasos Inc is located in Georgetown, DE. The organization was established in 1999. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2024, Primeros Pasos Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Primeros Pasos 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 06/2024, Primeros Pasos Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $932.6k during the year ending 06/2024. While expenses have increased by 16.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EARLY CHILDHOOD DEVELOPEMENT TO CHILDREN FROM LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL ASSISTANCE TO CHILDREN FROM DISADVANTAGED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patsy Aune Trustee | Trustee | 5 | $0 |
Todd B Brown Trustee | Trustee | 5 | $0 |
Susan Bunting Vice Preside | OfficerTrustee | 5 | $0 |
Cherly Fruchtman Trustee | Trustee | 5 | $0 |
Bet Illian Trustee | OfficerTrustee | 5 | $0 |
Tina Schaeffer Treasurer | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,034,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,037 |
| Total Program Service Revenue | $73,078 |
| Investment income | $41,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,275,992 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $656,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,016 |
| Payroll taxes | $48,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $63,849 |
| Insurance | $33,452 |
| All other expenses | $13,875 |
| Total functional expenses | $932,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,027,617 |
| Savings and temporary cash investments | $25,037 |
| 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 | $9,801 |
| Net Land, buildings, and equipment | $1,586,901 |
| Investments—publicly traded securities | $24,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,673,994 |
| Accounts payable and accrued expenses | $2,744 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,409 |
| Total liabilities | $7,153 |
| Net assets without donor restrictions | $3,666,841 |
| 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 | $3,673,994 |