Little Folks School
- Assets
- $6.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Washington, DC
- Founding
- 03/1976
- Data as of
- 12/2022
- 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 12/2022, Little Folks School employed 42 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 12/2022, Little Folks School generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 2.7% 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
2022
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 | $202,977 |
David Alden Trustee | Trustee | 0.5 | $0 |
Teryl Glavchovski Trustee | Trustee | 0.5 | $0 |
Azali Kassum Board Chair | Trustee | 0.5 | $0 |
Rohit Kinra Vice Board C | Trustee | 0.5 | $0 |
Amelia Makin Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,270 |
| Total Program Service Revenue | $2,076,368 |
| Investment income | $5,760 |
| 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 | $2,453,398 |
| 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. | $202,977 |
| Compensation of current officers, directors, key employees. | $101,488 |
| Compensation to disqualified persons | $35,000 |
| Other salaries and wages | $1,056,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,935 |
| Payroll taxes | $101,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,288 |
| Advertising and promotion | $1,612 |
| Office expenses | $45,566 |
| Information technology | $7,942 |
| Royalties | $0 |
| Occupancy | $263,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,004 |
| Insurance | $23,094 |
| All other expenses | $20,105 |
| Total functional expenses | $2,209,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,320 |
| Savings and temporary cash investments | $1,807,728 |
| 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 | $4,764,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,856,418 |
| 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 | $2,886,542 |
| Total liabilities | $2,886,542 |
| 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 | $3,969,876 |
| Total liabilities and net assets/fund balances | $6,856,418 |