Little Gems Of The Sierra Preschool Inc

Organization Overview

Little Gems Of The Sierra Preschool Inc is located in Truckee, CA. 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, Little Gems Of The Sierra Preschool Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Gems Of The Sierra Preschool 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, Little Gems Of The Sierra Preschool Inc generated $797.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $719.1k during the year ending 06/2022. While expenses have increased by 62.5% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LITTLE GEMS OF THE SIERRA IS A COMMUNITY THAT HONORS AND NURTURES THE WHOLE CHILD - HEAD, HEART, AND HANDS BY ENGAGING THE MIND, ENLIVENING THE IMAGINATION, AND STRENGTHENING THE WILL. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO OPERATE EARLY CHILDHOOD PROGRAMS EMPHASIZING A CURRICULUM INSPIRED BY WALDORF EDUCATION, WITH THE ADDITIONAL GOAL OF INCREASING ACCESSIBILITY TO THESE EDUCATIONAL OPPORTUNITIES. LITTLE GEMS SHALL OPERATE AN EARLY CHILDHOOD EDUCATION CENTER FOR CHILDREN WHO ARE EIGHTEEN (18) MONTHS TO FIVE (5) YEARS OLD IN TRUCKEE, CALIFORNIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS A PRESCHOOL, LITTLE GEMS OPERATES A "SCHOOL" AS DEFINED BY THE INTERNAL REVENUE SERVICE ("IRS"), AS AN EDUCATIONAL ORGANIZATION WHOSE PRIMARY FUNCTION IS THE PRESENTATION OF FORMAL INSTRUCTION, AND WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. LITTLE GEMS IS A "PUBLIC CHARITY" (AS DEFINED BY THE IRS), EXEMPT UNDER SECTION 501(C)(3) AS A SCHOOL RECEIVING BROAD FINANCIAL SUPPORT FROM THE GENERAL PUBLIC. LITTLE GEMS HAS CURRENTLY REACHED ITS MAXIMUM ENROLLMENT FOR OUR EXISTING FACILITY AND PLANS TO LOOK AT OPTIONS TO INCREASE THE PROGRAM ADDING A SECOND SITE WHEN RESOURCES AND FINANCING ALLOW. LITTLE GEMS CURRENTLY HAS A LONG WAITLIST OF NEW CHILDREN THAT WOULD LIKE TO ENROLL IN OUR PROGRAM, SO WE SEE ADDING A SECOND LOCATION AS A BENEFIT TO THE COMMUNITY AS THERE IS A GREAT NEED FOR CHILDCARE IN THE COMMUNITY. THIS YEAR LITTLE GEMS HAS MET ITS GENERAL OPERATING COSTS AND HAS USED ADDITIONAL PROFIT TO REINVEST IN HIGHER TEACHER PAY SO THAT THE PRESCHOOL TEACHERS CAN AFFORD TO LIVE ON THEIR SALARY IN OUR LOCATION. THE PRESCHOOL HAS ALSO INVESTED IN A WALDORF TEACHER TRAINING PROGRAM FOR ALL OUR LEAD TEACHERS AND ADMINISTRATIVE STAFF TO SUPPORT TRAINING AND EDUCATION AS WELL AS FURTHER THE WALDORF PEDAGOGY FOR OUR PRESCHOOL PROGRAM. WE HAVE FUTURE PLANS TO UTILIZE ADDITIONAL PROFITS TO SUPPORT MOVING OUR CAMPUS TO A LARGER SITE THAT WILL REQUIRE ADDITIONAL CONSTRUCTION, THE POTENTIAL FOR SECURING A SECOND SITE LOCATION IN TOWN TO BE ABLE TO SERVE MORE FAMILIES, FURTHER DEVELOP AND STRENGTHEN THE LITTLE GEMS PROGRAM, ENHANCE OUR PARENT EDUCATIONAL PROGRAMS, INCREASE COMMUNITY BUILDING EVENTS, CONTINUE TO REINVEST IN OUR TEACHERS AND MOST IMPORTANTLY CREATE A SCHOLARSHIP FUND AND/OR AN OVERALL REDUCTION IN TUITION COST TO INCREASE ACCESSIBILITY OF LITTLE GEMS' EDUCATIONAL PROGRAM TO ALL INCOME LEVELS. WE FEEL STRONGLY THAT QUALITY OF EARLY CHILDHOOD EDUCATION SHOULD NOT BE COMPROMISED IN EXCHANGE FOR LESS EXPENSIVE CARE. THE PRESCHOOL CONTINUES TO BE FUNDED THROUGH FUNDRAISING, DONATIONS, GRANTS, AND TUITION. THE OPERATION OF THE PRESCHOOL WILL FULFILL THE EXEMPT PURPOSE OF LITTLE GEMS.


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Board, Officers & Key Employees

Name (title)Compensation
Sara King
Member
$0
Jenn Knopp
Member
$0
Liz Sheppard
Member
$0
Tracy Bondi
Secretary
$0
Stacey Hammond
Treasurer
$0
Lauren Bello Okerman
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $15,142
All other contributions, gifts, grants, and similar amounts not included above$9,290
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$24,432
Total Program Service Revenue$772,957
Investment income $80
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 $797,469

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