Preferred School Care Inc
- Assets
- $919.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 79
- Location
- Mableton, GA
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 58-2273800
Organization Overview
Preferred School Care Inc is located in Mableton, GA. The organization was established in 1997. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Preferred School Care Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preferred School Care Inc 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 06/2022, Preferred School Care Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 6.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BEFORE AND AFTER SCHOOL CHILDCARE PROGRAMS IN APPROXIMATELY 10 SCHOOLS IN ATLANTA GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED APPROXIMATELY 450 LOW INCOME CHILDREN DETERMINED BY FREE OR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy E Selmon President | OfficerTrustee | 48 | $144,440 |
Angela Selmon Secy/treas | OfficerTrustee | 15 | $81,530 |
C Elder Director | Trustee | 1 | $0 |
M Davis Director | Trustee | 1 | $0 |
T Ramsey Director | Trustee | 1 | $0 |
T Sorrells Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $741,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,485 |
| Total Program Service Revenue | $1,076,151 |
| Investment income | $6,599 |
| 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 | $1,824,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,975 |
| 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. | $264,265 |
| Compensation of current officers, directors, key employees. | $225,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $808,140 |
| Pension plan accruals and contributions | $8,501 |
| Other employee benefits | $0 |
| Payroll taxes | $75,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,087 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,454 |
| Advertising and promotion | $0 |
| Office expenses | $49,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,377 |
| Travel | $17,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,884 |
| All other expenses | $97,382 |
| Total functional expenses | $1,399,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,445 |
| Savings and temporary cash investments | $113,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $77,197 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $314,222 |
| 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 | $919,838 |
| Accounts payable and accrued expenses | $10,377 |
| 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 | $10,377 |
| Net assets without donor restrictions | $909,461 |
| 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 | $919,838 |
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