Childrens Pre-School Center Inc
- Assets
- $647.9k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 60
- Location
- Palo Alto, CA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 77-0050078
Organization Overview
Childrens Pre-School Center Inc is located in Palo Alto, CA. The organization was established in 2014. 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, Childrens Pre-School Center Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Pre-School Center 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 12/2022, Childrens Pre-School Center Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 10.9% 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 OFFER PROGRAMS THAT WILL PREPARE PRESCHOOL AGE CHILDREN FOR SUBSEQUENT EDUCATION AND DAYCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARING PRESCHOOL AGE CHILDREN FOR SUBSEQUENT SCHOOLING, THE FACILITY IS LICENSED FOR 150 FULL TIME STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Kajirian Co-Chair | OfficerTrustee | 2 | $0 |
Georgiana Kuhlmann Co-Chair | OfficerTrustee | 2 | $0 |
Jeremy Karnowski Treasurer | OfficerTrustee | 2 | $0 |
Xi Chen Secretary | OfficerTrustee | 1 | $0 |
Amrita Damani Board Member | Trustee | 1 | $0 |
Darcy Grinolds Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,600 |
| Total Program Service Revenue | $3,319,922 |
| Investment income | $514 |
| 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 | $3,346,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,181 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,799 |
| Compensation of current officers, directors, key employees. | $11,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,171,773 |
| Pension plan accruals and contributions | $27,140 |
| Other employee benefits | $372,761 |
| Payroll taxes | $169,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,605 |
| Advertising and promotion | $840 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,264 |
| 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 | $25,396 |
| Insurance | $37,471 |
| All other expenses | $83,158 |
| Total functional expenses | $3,596,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,574 |
| Savings and temporary cash investments | $167,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,089 |
| 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 | $8,931 |
| Net Land, buildings, and equipment | $31,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,262 |
| Total assets | $647,880 |
| Accounts payable and accrued expenses | $203,385 |
| Grants payable | $0 |
| Deferred revenue | $25,804 |
| 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 | $229,189 |
| Net assets without donor restrictions | $418,691 |
| 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 | $647,880 |