Towson Presbyterian Kindergarten Inc
- Assets
- $581.8k
- Revenue
- $599.0k
- Investments
- $0.0
- Employees
- 32
- Location
- Towson, MD
- Founding
- 08/1978
- Data as of
- 08/2023
- EIN
- 52-0701636
Organization Overview
Towson Presbyterian Kindergarten Inc, operating under the name Towson Presbyterian Preschool, is located in Towson, MD. The organization was established in 1978. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Towson Presbyterian Preschool employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Towson Presbyterian 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 08/2023, Towson Presbyterian Preschool generated $599.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $569.3k during the year ending 08/2023. While expenses have increased by 8.5% per year over the past 4 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
PROVIDES PRESCHOOL EDUCATION AND CHILD CARE FOR CHILDREN AGES 2 THROUGH 4
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MORNING PRESCHOOL PROVIDES QUALITY AGE-APPROPRIATE INSTRUCTION AND ACTIVITES FOR TWO, THREE AND FOUR YEAR-OLDS. CLASSES RUN FROM 9 AM TO 1130 AM
THE FULLTIME PROGRAM OFFERS WRAP AROUND CHILD CARE FOR CHILDREN ENROLLED IN THE MORNING PRESCHOOL. IN ADDITION, THE PROGRAM OPERATES ON CERTAIN DAYS WHEN THE PRESCHOOL IS NOT OPEN, I.E., SOME HOLIDAYS/PROFESSIONAL DAYS OBSERVED BY THE LOCAL SCHOOL SYSTEM. AT THE BEGINNING OF THE SCHOOL YEAR, THE FULL TIME PRGRAM STARTS APPROXIMATELY 2 WEEKS EARLIER THAN THE MORNING PRESCHOOL LIKEWISE FULL TIME STUDENTS HAVE A SHORTER WINTER BREAK AND ATTEND FOR AN ADDITIONAL WEEK IN JUNE AFTER PRESCHOOL ENDS.
SUMMER AT TPP BEGINS IMMEDIATELY AFTER THE FULL-TIME PROGRAM AND RUNS FOR 7 WEEKS. THERE ARE THREE TWO-WEEK THEMED SESSIONS AND A ONE-WEEK MINI SESSION. OFFERING THESE ADDITIONAL WEEKS EXTENDS TPPS PROGRAM TO YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Stassner Director | Officer | 40 | $50,500 |
Karyn Brune Treasurer | Officer | 28 | $36,400 |
Emily Burger Board Member | Trustee | $0 | |
Andrew Burger Board Member | Trustee | $0 | |
Kate Pantazes Board Member | Trustee | $0 | |
Dotsie Bregel Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,073 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,273 |
| Total Program Service Revenue | $595,696 |
| Investment income | $18 |
| 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 | $598,987 |
| 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. | $85,846 |
| Compensation of current officers, directors, key employees. | $85,846 |
| Compensation to disqualified persons | $338,823 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,408 |
| Office expenses | $6,313 |
| Information technology | $3,005 |
| Royalties | $0 |
| Occupancy | $55,419 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,140 |
| Insurance | $5,086 |
| All other expenses | -$2 |
| Total functional expenses | $569,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,445 |
| Savings and temporary cash investments | $177,744 |
| 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 | $5,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,672 |
| Total assets | $581,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $135,528 |
| 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 | $135,528 |
| 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 | $446,315 |
| Total liabilities and net assets/fund balances | $581,843 |