Marshall First Step Academy
- Assets
- $6.6k
- Revenue
- $282.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Marshall, IL
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-3876839
Organization Overview
Marshall First Step Academy is located in Marshall, IL. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Marshall First Step Academy employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall First Step Academy 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 12/2023, Marshall First Step Academy generated $282.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $285.4k during the year ending 12/2023. While expenses have increased by 35.0% per year over the past 5 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
AT MARSHALL FIRST STEP ACADEMY IT IS OUR MISSION TO PROVIDE THE HIGHEST QUALITY CARE AND EARLY EDUCATION IN A CARING WARM AND SAFE ENVIRONMENT THAT VALUES ALL CHILDREN AS INDIVIDUALS. ALL CHILDREN IN OUR CARE ARE PROVIDED WITH A DEVELOPMENTALLY APPROPRIATE EDUCATION THAT PREPARES THEM FOR SUCCESS IN SCHOOL AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARSHALL FIRST STEP PROVIDES EARLY CARE AND EDUCATION FOR A MAXIMUM OF 94 CHILDREN 6 WEEKS THROUGH 6 YEARS AT ANY GIVEN TIME. EXPENSES FOR 2023 TOTALED $148,283 WITH THE PROGRAM BRINING IN A TOTAL REVENUE OF $140,494 RESULTING IN A LOSS OF -$7,789. PROGRAM LOSS RESULTS FROM EXPANDING THE PROGRAM. WHILE THE EXPANSION RESULTED IN AN IMMEDIATE INCREASE IN EXPENSES WE ARE STILL WORKING TO BUILD ENROLLMENT AND THEREFORE INCREASE REVENUE.
IN 2023 MARSHALL FIRST STEP BEGAN A CONSTRUCTION EXPANSION PROJECT TO BE ABLE TO INCREASE ENROLLMENT IN OUR EARLY CARE AND EDUCATION PROGRAM. THIS PROJECT INCLUDED REMODELING A PORTION OF THE BUILDING TO HOUSE ADDITIONAL CLASSROOM SPACE ENABLING THE PROGRAM TO ACCEPT AN ADDITIONAL 54 CHILDREN 6 WEEKS THROUGH 6 YEARS ON TOP OF THE PREVIOUS MAXIMUM ENROLLMENT OF 40 CHILDREN AGES 3 THROUGH 6. $137,993 WAS PUT TOWARDS THE PROJECT IN 2023 WITH $142,108 BEING RAISED FOR THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra Howard Executive Director | OfficerTrustee | 40 | $16,146 |
Roger Watwood Board Of Directors | Trustee | 0.5 | $0 |
Connie Watwood Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,775 |
| Related organizations | $0 |
| Government grants | $117,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,740 |
| Total Program Service Revenue | $92,436 |
| Investment income | $0 |
| 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 | $282,176 |
| 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. | $16,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $674 |
| Office expenses | $1,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $1,551 |
| All other expenses | $0 |
| Total functional expenses | $285,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,590 |
| 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 | $6,590 |
| 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 | $6,590 |
| 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 | $6,590 |