Little Folks School
- Assets
- $6.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 52-0968237
Organization Overview
Little Folks School is located in Washington, DC. The organization was established in 1976. 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, Little Folks School employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Folks School 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, Little Folks School generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.2% 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
TO MANAGE AND OPERATE A NURSERY SCHOOL DEVELOPING THE SOCIAL, COGNITIVE, PHYSICAL AND AESTHETIC SKILLS OF THE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A YEAR-ROUND PRESCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gilroy Director | OfficerTrustee | 40 | $177,950 |
David Alden Trustee | Trustee | 0.5 | $0 |
Azali Kassum Board Chair | Trustee | 0.5 | $0 |
Kate Beale Trustee | Trustee | 0.5 | $0 |
Rohit Kinra Vice Board C | Trustee | 0.5 | $0 |
Matthias Mordi Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,825 |
| Total Program Service Revenue | $2,101,182 |
| Investment income | $1,831 |
| 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 | $2,262,838 |
| 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. | $177,950 |
| Compensation of current officers, directors, key employees. | $88,975 |
| Compensation to disqualified persons | $60,000 |
| Other salaries and wages | $943,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,837 |
| Payroll taxes | $94,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,797 |
| Advertising and promotion | $1,164 |
| Office expenses | $49,206 |
| Information technology | $6,894 |
| Royalties | $0 |
| Occupancy | $227,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,343 |
| Insurance | $19,092 |
| All other expenses | $9,438 |
| Total functional expenses | $1,974,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,017 |
| Savings and temporary cash investments | $1,758,995 |
| 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 | $4,732,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,721,980 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,199,645 |
| Total liabilities | $3,199,645 |
| 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 | $3,522,335 |
| Total liabilities and net assets/fund balances | $6,721,980 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Little Folks School has recieved totaling $25,005.
| Awarding Organization | Amount |
|---|---|
Annette M And Theodore N Lerner Family Foundation Inc Rockville, MD PURPOSE: CONTRIBUTION TO SCHOOL ANNUAL FUND | $10,000 |
David Alden And Dina Al-Sabah Family Foundation Washington, DC PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
Alisann And Terry Collins Foundation Arlington, VA PURPOSE: GENERAL USE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Indian Creek School Incorporated Crownsville, MD | $30,010,402 | $16,596,425 |
Head Start Of Washington County Inc Hagerstown, MD | $4,452,901 | $7,265,317 |
Salisbury School Inc Salisbury, MD | $6,313,539 | $5,796,453 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
National Child Research Center Washington, DC | $18,249,824 | $5,793,613 |
Salisbury Christian School Inc Salisbury, MD | $7,493,409 | $5,239,580 |
Montessori School Of Northern Virginia Inc Annandale, VA | $9,814,821 | $5,163,862 |
Reston Childrens Center Inc Reston, VA | $3,672,291 | $3,921,664 |
Washington Christian School Society Inc Olney, MD | $712,835 | $3,512,454 |
Montessori School Of Mclean Mclean, VA | $8,237,469 | $3,233,853 |
Brooksfield School Inc Mclean, VA | $2,620,676 | $4,070,726 |