Lakewood Preschool Corporation
- Assets
- $93.5k
- Revenue
- -$6.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Charlotte, NC
- Founding
- 07/1996
- Data as of
- 06/2022
- EIN
- 56-1948420
Organization Overview
Lakewood Preschool Corporation, operating under the name Lakewood Preschool Cooperative, is located in Charlotte, NC. The organization was established in 1996. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Lakewood Preschool Cooperative employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Preschool Cooperative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BECOME A CATALYST FOR POSITIVE CHANGE IN THE LAKEWOOD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SMART START OF MECKLENBURG COUNTY - CHARLOTTE MERCHANTS THREE YEAR PROGRAM IS FOR CHILDREN WHO ARE THREE ON OR BEFORE AUGUST 31ST. THE CHILDREN LEARN SOCIAL, EMOTIONAL, COGNITIVE, LITERACY, PHYSICAL, AND FOUNDATIONAL SKILLS THAT ARE KEY TO FUTURE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Walker Board Of Directors Chair | OfficerTrustee | 2.58 | $0 |
Cameron Strubinger Treasurer | OfficerTrustee | 0.58 | $0 |
Elizabeth Fagg Secretary | OfficerTrustee | 0.5 | $0 |
John Forneris Immediate Past Chair | Trustee | 2 | $0 |
Fitz Barringer Board Member | Trustee | 0.58 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,213 |
| Total Program Service Revenue | $0 |
| Investment income | $606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$53,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$6,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| 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 | $7,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,784 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,300 |
| Total functional expenses | $440,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,474 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,474 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $93,474 |
| 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 | $93,474 |
Grants Awarded
Over the last fiscal year, Lakewood Preschool Corporation has awarded $400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: TO FURTHER FAMILY AND COMMUNITY TRANSFORMATION THROUGH EARLY CHILDHOOD EDUCATION AND DEVELOPMENT | $300,000 |
Charlotte, NC PURPOSE: TO STRENGTHEN FAMILY AND COMMUNITY, AS WELL AS FURTHER CHILDHOOD OPERATIONS. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakewood Preschool Corporation has recieved totaling $61.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunbelt Human Advancement Resources Inc Greenville, SC | $42,359,906 | $37,809,843 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |