Fair Oaks Preschool
- Assets
- $259.5k
- Revenue
- $546.8k
- Investments
- $0.0
- Employees
- 21
- Location
- East Calais, VT
- Founding
- 08/2003
- Data as of
- 08/2020
- EIN
- 55-0793439
Organization Overview
Fair Oaks Preschool is located in East Calais, VT. The organization was established in 2003. 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 08/2020, Fair Oaks Preschool employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Oaks 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 08/2020, Fair Oaks Preschool generated $546.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $677.2k during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FAIR OAKS PRESCHOOL CENTER WAS ESTABLISHED IN 2002 AS A NON-PROFIT CHILDREN'S CENTER. THE CENTER'S MISSION IS TO PROVIDE AFFORDABLE, HIGH QUALITY AND DEVELOPMENTALLY APPROPRIATE PROGRAMS FOR ALL CHILDREN. AT FAIR OAKS PRESCHOOL WE VALUE DIVERSITY AND WELCOME ALL FAMILIES WITHOUT REGARD TO RACE, RELIGION, ETHNIC ORIGIN, GENDER, OR SEXUAL ORIENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIR OAKS PRESCHOOL IS A NONPROFIT CHILDRENS CENTER SERVING FAMILIES OF INFANTS THROUGH PRESCHOOLERS. ON MARCH 16TH, 2020 WE CLOSED DUE TO COVID-19 AND THEN RETURNED ON MAY 22ND AND PROVIDED CARE TO FAMILIES OF ESSENTIAL WORKERS, WHICH REDUCED OUR STUDENT POPULATION BY APPROXIMATELY 89%. WE WERE UNABLE TO INCREASE OUR STUDENT POPULATION DURING THE SUMMER MONTHS AND DUE TO A LOSS OF LEASE WERE FORCED TO CLOSE ON JUNE 30TH, 2020.
FAIR OAKS PRESCHOOL IS A NONPROFIT CHILDRENS CENTER SERVING FAMILIES OF INFANTS THROUGH PRESCHOOLERS. ON MARCH 16TH, 2020 WE CLOSED DUE TO COVID-19 AND THEN RETURNED ON MAY 22ND AND PROVIDED CARE TO FAMILIES OF ESSENTIAL WORKERS, WHICH REDUCED OUR STUDENT POPULATION BY APPROXIMATELY 89%. WE WERE UNABLE TO INCREASE OUR STUDENT POPULATION DURING THE SUMMER MONTHS AND DUE TO A LOSS OF LEASE WERE FORCED TO CLOSE ON JUNE 30TH, 2020.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alessandra Orren President | OfficerTrustee | 4 | $0 |
Seadra Chagolla Treasurer | OfficerTrustee | 4 | $0 |
Alana Chazan Vice-Preside | OfficerTrustee | 2 | $0 |
Nikhil Pole Secretary | OfficerTrustee | 2 | $0 |
Steven Mateer Director | Trustee | 1 | $0 |
Elizabeth Schenck-Brown Executive Di | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,076 |
| Investment income | $25 |
| 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 | $546,839 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $409,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,891 |
| Payroll taxes | $37,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,772 |
| Advertising and promotion | $1,190 |
| Office expenses | $9,534 |
| Information technology | $1,960 |
| Royalties | $0 |
| Occupancy | $40,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $521 |
| Insurance | $28,819 |
| All other expenses | $0 |
| Total functional expenses | $677,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,639 |
| Savings and temporary cash investments | $108,609 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,981 |
| Total assets | $259,524 |
| Accounts payable and accrued expenses | $1,156 |
| 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 | $257,317 |
| Other liabilities | $0 |
| Total liabilities | $258,473 |
| 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 |
| Total liabilities and net assets/fund balances | $1,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fair Oaks Preschool has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Guild Of St Agnes Of Worcester Inc Worcester, MA | $20,569,585 | $28,747,687 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |