Chapel Hill Cooperative Preschool
- Assets
- $3.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Chapel Hill, NC
- Founding
- 06/1962
- Data as of
- 08/2023
- EIN
- 56-6022921
Organization Overview
Chapel Hill Cooperative Preschool is located in Chapel Hill, NC. The organization was established in 1962. 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, Chapel Hill Cooperative Preschool employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill Cooperative 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, Chapel Hill Cooperative Preschool generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. While expenses have increased by 9.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH FAMILIES OF CHILDREN FROM DIVERSE BACKGROUNDS TO RESPECT AND HONOR CHILDHOOD, CELEBRATE INDEPENDENCE, AND SUPPORT CHILDREN AS THEY LEARN AND GROW THROUGH PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESCHOOL PROVIDES EDUCATIONAL INSTRUCTION AND GENERAL DAY CARE FOR APPROXIMATELY 55 PRE-ELEMENTARY CHILDREN AND 50 INFANTS AND TODDLERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Haydon Chair | OfficerTrustee | 5 | $0 |
Tim Kehrer Treasurer | OfficerTrustee | 5 | $0 |
Cassie Rice Vice Chair | OfficerTrustee | 5 | $0 |
Kristina Mesoznik Sec'y | OfficerTrustee | 5 | $0 |
Adam Brown Community Member | OfficerTrustee | 3 | $0 |
Matthew Hayes Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,410 |
| Related organizations | $0 |
| Government grants | $137,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,959 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,576 |
| Total Program Service Revenue | $1,941,808 |
| Investment income | $134 |
| 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 | $2,094,518 |
| 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. | $83,473 |
| Compensation of current officers, directors, key employees. | $27,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,025,502 |
| Pension plan accruals and contributions | $13,992 |
| Other employee benefits | $103,310 |
| Payroll taxes | $84,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,485 |
| Fees for services: Accounting | $22,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $913 |
| Office expenses | $609 |
| Information technology | $3,409 |
| Royalties | $0 |
| Occupancy | $244,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,118 |
| Insurance | $16,679 |
| All other expenses | $6,267 |
| Total functional expenses | $2,148,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,074 |
| 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 | $3,267,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,830,112 |
| Accounts payable and accrued expenses | $12,030 |
| 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 | $2,408,520 |
| Unsecured mortgages and notes payable | $155,957 |
| Other liabilities | $0 |
| Total liabilities | $2,576,507 |
| Net assets without donor restrictions | $1,217,318 |
| Net assets with donor restrictions | $36,287 |
| 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 | $3,830,112 |